MH370 News: Malaysia is gearing up to restart the search for the missing Malaysia Airlines Flight MH370, which disappeared in 2014. The country is in talks with Ocean Infinity, a US-based marine exploration company, to conduct the search. The search will focus on a new area in the southern Indian Ocean. Malaysia will only pay if the wreckage is found.
Donald Trump Salary: The US President receives a $400,000 annual salary. The President's compensation includes allowances for expenses, travel and entertainment. The total package is around $569,000. The President also receives benefits like housing, transportation, security and healthcare. Former presidents receive a pension, healthcare, office space and travel coverage.
As Donald Trump inches closer to victory in the US presidential election, Bitcoin prices surged past $75,000, signaling a risk-on sentiment in the market. This surge coincided with a correction in the Indian stock market, with the MSCI India ETF dropping over 8%.
Donald Trump is the 47th President of the United States. He won the 2024 election against Kamala Harris. Over 74 million votes were cast. This election was significant for India as both candidates had Indian connections. The article lists all the previous presidents of the United States.
It is not as if everyone will get impacted because there will be shifting channels, because he wants to put more tariffs towards China and some other countries, so some other countries might benefit. But overall, it has an impact on companies which are exposed to global trade, while higher interest rates might help financial companies here, which are undergoing NIM compression. So, these are some of the thoughts initially.
Titan Company experienced a 15% profit decline in Q2. The company attributes this to losses from a customs duty drop on gold. Despite this, Titan saw strong sales growth in its jewellery and watches segments. The company remains optimistic about the future, particularly the upcoming festive season. Titan is also closely watching the lab-grown diamond market and formulating its strategy.
US Election 2024: Elon Musk may benefit if Donald Trump is re-elected as US President. Trump may appoint Musk to lead a commission for efficient government operations. Trump's tax policies and regulatory approach could favor Musk's companies, including SpaceX and Tesla. Musk's political action committee and legal disputes may also be impacted by a potential second Trump term.
I think geopolitics, the landscape could change rapidly. There could be escalations in certain countries, by certain countries. So, I do expect some volatility until we have total clarity.
The US witnessed a close presidential race. Democrats cautioned that supporting Green Party candidate Jill Stein could lead to a Donald Trump victory. Stein, however, remained firm in her candidacy. Initial results showed Trump leading with 178 electoral votes, followed by Kamala Harris with 99. Stein, despite not securing any electoral votes, garnered a small percentage of the popular vote.
