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Breaking news is a term used to describe timely and significant events that are typically unexpected or unforeseen. These events often have a major impact on people's lives and can be either positive or negative in nature. Breaking news stories are typically covered by the mainstream media as they unfold, giving the public access to information in real-time. While breaking news can refer to any type of event, it is most commonly used in relation to catastrophic events such as natural disasters, terrorist attacks, or political disasters. In these situations, the need for accurate and up-to-the-minute information is paramount. Traditional news outlets such as television, radio, and print media are typically the first to report on breaking news stories as they happen. However, in recent years social media has become an increasingly important source of information for people looking for the latest updates on current events.

US: Trump to meet Canadian PM, Finland's President; congratulates Japan's PM-in-waiting

US White House Press Secretary Karoline Leavitt on Monday (local time) said that President Donald Trump will host Canadian Prime Minister Mark Carney and President of Finland, Alexander Stubb. Leavitt, during her press briefing, also congratulated Japan's PM-in-waiting, Sanae Takaichi on her win. President Trump will be hosting the Canadian Prime Minister Mark Carney tomorrow for a working meeting here at the White House. On Thursday, the president will host his eighth cabinet meeting alongside his incredible team, Leavitt said. Also on Thursday afternoon, President Trump will host the president of Finland, Alexander Stubb, for a working meeting here at the White House, she added. Leavitt conveyed Trump's wishes to Sanae on her win. The president also wanted me to relay his congratulations to Japan for electing their next prime minister, a highly respected person who also happens to be the first female to hold the position for our great ally, she said. Meanwhile, Carney on May 6 bluntly told Trump in the Oval Office that Canada is not for sale after Trump repeated his assertion it should become the 51st state, ABC News reported. As you know from real estate, there are some places that are not for sale. And Canada is not for sale, it will never be for sale, Carney told Trump. But the opportunity is in the partnership and what we can build together. And we have done that in the past. Trump, though, still didn't let go of the idea. Time will tell. It's only time. But I say never say never, Trump said in the tense exchange. I've had many, many things that were not doable and they ended up being doable and only doable in a very friendly way, as per ABC News. Trump on Monday described Japan's likely first female prime minister, Sanae Takaichi, as a highly respected person of great wisdom and strength. In his brief social media post, without naming her, Trump congratulated Takaichi and the incredible people of Japan after the country's ruling party elected her as its new leader on Saturday. (ANI)

Sensex, Nifty open in green amid global uncertainty and rising gold prices

Indian equity markets started Tuesday on a steady note, with both benchmark indices showing marginal gains. The Sensex opened up 147.29 points to 81,937.41 at 9.38 am. The Nifty 50 inched up by 41.70 points to 25,119.35, reclaiming the 25,000 mark. According to market data, the early uptick came as banking and metal stocks led gains, supported by positive cues from overseas markets, despite persisting geopolitical and economic uncertainties. Banking and market expert Ajay Bagga said that Indian markets were moving in tandem with global trends, with PSU bank indices touching record levels. Earnings which start from October 9 will set the tone for the markets. Indian markets have underperformed the MSCI Emerging Markets index substantially. A catch-up will come eventually, but for now, foreign portfolio investors remain bearish and the surge in primary market issuances creates a liquidity drag for secondary markets, he said. Bagga further explained, Markets abhor uncertainty, but they've mastered Washington theatre. He added that while the U.S. government shutdown entered its sixth day, American stock markets continued to hit lifetime highs. Banking and IT sectors show early strength in opening. Pharma and metal stocks are cautious amid global cues, while realty and consumer discretionary stocks are under some pressure. Among initial public offers (IPOs), the Tata Capital IPO is open for the second day, and the LG Electronics IPO opens for subscription today. Tata Capital was subscribed about 40 per cent on day one, Monday. Gold and silver continue their surge, with gold crossing USD 4,000 and silver at USD 48 levels. Cryptocurrencies are rising as well, with Bitcoin doubling in the last year to USD 125,000, he noted. Gold prices continued their upward trajectory, reaching fresh highs amid political and economic unease. Manav Modi, Analyst - Precious Metals Research at Motilal Oswal Financial Services Ltd, said, Gold prices rose to an all-time high, extending gains to a third session on U.S. economic and political uncertainties and expectations of further interest rate cuts by the Federal Reserve. Global developments also played a role in shaping investor sentiment. Manav said that the White House eased off earlier claims about government layoffs due to the shutdown, but warned that prolonged gridlock could lead to job losses. In currency markets, the Japanese yen tumbled sharply against the U.S. dollar after fiscal dove Sanae Takaichi was elected to lead the ruling party, signaling policy continuity. Kansas City Fed Bank President Jeff Schmid signaled he is disinclined to cut interest rates further, arguing that as the Fed navigates between the twin risks of overly tight and overly easy policy, it should stay focused on the danger of too-high inflation, Manav noted. However, market projections still price in additional rate cuts in October and December, keeping investor focus on upcoming U.S. Federal Open Market Committee minutes and Federal Reserve Chair's remarks. (ANI)

Piyush Goyal launches India's UPI at Lulu Hypermarket in Qatar

India's Unified Payments Interface (UPI) has made its way to Qatar, with Union Minister of Commerce and Industry Piyush Goyal launching Bharat's own UPI at Lulu Hypermarket in Doha, allowing for seamless and cost-effective transactions between the two countries. This move is part of India's effort to expand its digital payment services globally and strengthen financial ties with other nations. Announcing the launch on X, Piyush Goyal said, Proud to launch Bharat's own #UPI at Lulu Hypermarket in Doha, Qatar. This launch is a game-changer for digital connectivity and ease of payments, reflecting India's commitment to facilitating cross-border commerce and leveraging 'Digital India' initiatives. He added that the system is operational at Qatar National Bank's point-of-sale (POS) terminals, covering large parts of the Qatari market. According to him, this step will help Indian travellers and strengthen trade and tourism between India and Qatar. At the event held in Doha, Goyal addressed the gathering at Lulu Mall, calling the launch more than a technological milestone. I'm very delighted at the opportunity to launch UPI and UPI transactions. It is not just a technology solution or a digital payment solution, but it has the potential to revolutionise trade between Qatar and India. It's the celebration of India's technology, he said. The minister highlighted that integrating UPI with Qatar's payment systems will deepen trust between the two countries. It's an opportunity to expand our trust between Qatar and India because as we seamlessly integrate the payment systems of both countries, our people will be able to trade more, trade smarter at lower cost, Goyal remarked. NPCI International Payments Ltd (NIPL) collaborated with Qatar National Bank (QNB) and Japanese payments gateway NETSTARS to roll out UPI services in Qatar. He further explained that the new system would enable the movement of money to be faster, almost in real-time. The movement of money and capital will be faster, almost real-time, with a very low cost associated with it. It will become the symbol of trust across borders, he said. Goyal also reflected on India's journey with digital payments, noting that UPI has been a success story since its introduction nine years ago. UPI was launched nine years ago and is a big success story in India. Eighty-five per cent of India's digital payments go through UPI, and nearly 50 per cent of global digital payments are now made by UPI, recording about 640 billion transactions on average every day, he said. Qatar becomes the eighth country to accept UPI, further expanding India's international financial footprint. (ANI)