A newly built Chinese nuclear-powered attack submarine reportedly sank while docked at a pier earlier this year. The incident has raised questions about the PLA’s training standards and equipment quality, highlighting potential vulnerabilities in China’s growing military capabilities.
The National Mission for Clean Ganga’s (NMCG) executive committee has approved a massive ₹1,062 crore for various conservation projects aimed at improving the health of the Ganga River ahead of the Mahakumbh Mela 2025. The projects include sewage treatment plants, drainage improvements, and awareness campaigns, demonstrating a significant commitment to the river’s rejuvenation.
A viral video showcasing a Mumbai apartment’s unique washing machine placement above the toilet has sparked a conversation about the city’s exorbitant rental rates and the creative solutions some residents employ to make the most of limited space. The post highlights the realities of living in a bustling metropolis where affordability can be a challenge.
Acadia Healthcare Company Inc. has agreed to pay $16.6 million to resolve allegations of billing federal healthcare programs for unnecessary or non-compliant behavioral health services. The settlement comes after investigations into the company’s practices between 2014 and 2017, which included allegations of admitting ineligible patients, extended stays, inadequate staffing, and failing to meet federal and state standards. Despite the settlement, investigations into Acadia’s recent practices are ongoing.
Bitcoin’s price has surged past $65,000, but technical analysts are cautious about a potential dip before the uptrend continues. Pseudonymous analyst Emperor expects a brief stall due to the all-time high volume-weighted average price (VWAP) and anticipates a quick rise to the August high. The analyst also predicts a potential pullback zone near $60,000 in October.
Shark Tank investor Kevin O’Leary has expressed strong reservations about Vice President Kamala Harris’ economic proposals, particularly her support for a higher corporate tax rate, a $25,000 first-time homebuyer credit, and price controls. O’Leary argues these policies could have unintended consequences like driving businesses offshore, exacerbating inflation, and hindering economic growth.
BrahMos Aerospace, the Indo-Russian joint venture producing the BrahMos supersonic cruise missile, has announced a policy to reserve job vacancies for Agniveers, the recruits under the Indian government’s Agnipath scheme. This initiative will provide opportunities in technical, administrative, and security roles across the company’s facilities in India, recognizing the valuable skills and discipline these young veterans bring to the workforce.
US stocks traded higher on Friday, with the Dow Jones Industrial Average gaining over 100 points. The Nasdaq and S&P 500 also saw gains. Costco reported strong fourth-quarter earnings, while energy shares jumped and consumer staples shares declined. European markets also saw gains, with the STOXX 600, DAX, and CAC 40 all rising. Asian markets closed mostly higher, with Japan’s Nikkei 225 and Hong Kong’s Hang Seng Index leading the gains. In economic news, US wholesale inventories increased slightly in August, while the trade deficit in goods narrowed. Personal income and spending also saw modest gains. The US core PCE price index rose by 0.1% in August.
Durga Puja, one of Hinduism’s most revered festivals, celebrates the victory of Goddess Durga over the demon Mahishasura. This year, the festivities will take place from October 3rd to 13th, culminating in the immersion of the goddess’s idol. Discover the dates, cultural significance, and celebrations of Durga Puja 2024.
The August Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred inflation gauge, came in below expectations, suggesting a potential easing of price pressures. While core inflation remained steady, the overall decline in inflation was driven by falling energy prices and a slight drop in goods prices, offsetting rising service costs.
