Alibaba and JD.com saw significant gains after China’s central bank announced new economic stimulus measures, including a reduction in bank reserve requirements and support for the struggling property market. This move reflects China’s efforts to boost its economy amid ongoing challenges.
China’s major cities, Shanghai and Shenzhen, are poised to loosen restrictions on home purchases in an effort to revive their struggling real estate markets. The move, which includes eliminating eligibility checks and allowing out-of-town buyers, aims to attract investors and boost demand in the sector. This decision aligns with broader economic stimulus measures implemented by the Chinese government, including monetary easing and property support, to achieve the 2024 economic growth target of approximately 5%.
A horrific incident in Uttar Pradesh has sent shockwaves through the country, as a class 2 student was murdered in a ‘black magic’ ritual orchestrated by the school owner to bring prosperity. The five accused, including the school owner, his son, the principal, and two teachers, have been arrested and are facing serious charges.
Amidst controversy over alleged animal fat adulteration in Tirupati temple’s laddu, Andhra Pradesh police have imposed restrictions on gatherings, and the government has formed a special investigation team to probe the matter. Former Chief Minister YS Jagan Mohan Reddy is scheduled to visit the temple, leading to heightened security measures.
The internet’s newest darling, a baby hippopotamus named ‘Moo Deng,’ has not only melted hearts with her adorable antics but has also spurred a significant surge in a memecoin inspired by her. Moo Deng’s popularity has translated into a 700% increase in the MOODENG token on Solana, demonstrating the power of viral trends in the cryptocurrency market.
A heated political battle erupted in Delhi’s MCD House as the election for the vacant seat in the Standing Committee proceeded despite the AAP’s boycott and the Mayor’s claim of it being unconstitutional. The LG overruled the Mayor’s decision, leading to the election being held under the supervision of an Additional Commissioner.
Elon Musk’s social media platform X, formerly known as Twitter, is fighting to return to Brazil after being banned for alleged misinformation. Despite facing legal challenges and criticism from Brazilian President Luiz Inácio Lula da Silva, X claims its commitment to free speech and seeks reinstatement.
Ford CEO Jim Farley’s recent European road trip in an electric vehicle highlighted the need for improved charging infrastructure to accelerate EV adoption, particularly in the United States. The trip also revealed the company’s evolving EV strategy, with a focus on hybrid and plug-in hybrid models alongside fully electric vehicles.
British Prime Minister Sir Keir Starmer had a two-hour dinner with former U.S. President Donald Trump in New York, sparking speculation about the meeting’s implications for the upcoming US elections. The dinner marked the first meeting between the two leaders and was attended by UK Foreign Secretary David Lammy. While in New York for the UN General Assembly, Sir Keir did not meet with Democratic presidential candidate Kamala Harris, citing scheduling conflicts. The meeting between Starmer and Trump comes on the heels of a recent encounter with President Joe Biden, where they discussed the ongoing conflict in Ukraine and the threats posed by Russia.
Delhi Mayor Shelly Oberoi has condemned the order issued by the Lieutenant Governor (LG) VK Saxena directing the Municipal Corporation of Delhi (MCD) to conduct the Standing Committee election on September 27, calling it ‘illegal’ and ‘unconstitutional’. The AAP leader alleges that the BJP is trying to manipulate the election process by forcing an early vote and that the LG has no power to interfere in the functioning of the House.
