Author: News Editor

Over the past few years, alternative investment funds (AIFs) have evolved as a popular investment vehicle. AIFs have become investor-friendly due to recent regulatory developments and evolving norms. AIFs offer specialized opportunities and potential higher yields on investments. Yet, the ₹1 crore minimum investment requirement is an entry hurdle, attracting only sophisticated investors looking for a bespoke investment strategy. Over the previous seven years, the AIF category in India has increased tenfold, with assets under administration totalling ₹7 trillion, according to the Indian Association of Alternative Investment Funds (IAAIF). These investments often have a 10-year time horizon, necessitating financial advisors’…

Foreign investors sold a record $12bn worth of Chinese stocks in August as piecemeal support measures from Beijing failed to assuage concerns over slowing growth in the world’s second-largest economy and a worsening crisis in the country’s property sector. The unprecedented outflows come as figures on Thursday showed China’s manufacturing sector contracted for a fifth consecutive month, despite pledges from leaders in late July to deliver more substantial support measures for the vital property sector, which is typically responsible for about a quarter of annual economic activity. Simmering tensions with Washington have also dimmed western investors’ appetite for Chinese assets,…

Human Rights Experts have stressed that more than ever, the world urgently needs humanity to unite and collaborate in a spirit of equality and non-discrimination. They said in a statement that it demands political will to eliminate all forms of racial discrimination, inequality and stratification at both the domestic and international levels. Achieving this goal means that inequalities within and among countries will need to be drastically decreased, and the legacies of colonialism, apartheid, enslavement and genocide effectively resolved, they added. ‘A cause for humanity’  The General Assembly proclaimed 2015 to 2024 as the International Decade for People of African…

EU foreign policy chief Josep Borrell said on Thursday that the EU for now is not planning to evacuate its personnel from coup-hit Gabon as the “situation is calm.” Speaking to reporters ahead of an informal meeting of EU foreign affairs ministers in Toledo, Spain, Borrell said recent events in the Central African country “give ground for preoccupation but we are not doing evacuation like in Niger.” A group of high-ranking Gabonese military officers on Wednesday said they had seized power, and annulled results of the recently held general elections. Borrell stressed the “situation is calm at the moment, there…

A business owner in Kent has said that the expansion of the Ultra Low Emission Zone (Ulez) to the whole of outer London will have a “massive impact” on her livelihood. But a clean air campaigner labelled Ulez “the most effective solution” to pollution and poor respiratory health. London Mayor Sadiq Khan said it would bring “cleaner, healthier air”. Motorists will now have to pay £12.50 a day to drive their vehicle in the Ulez if it does not meet emission standards. Abbie Austen lives in Medway and runs a carpet cleaning business. She says 75% of her clients…

Rwanda and Cameroon have unveiled significant shifts in their security forces, impacting senior military personnel. In Rwanda, President Paul Kagame retired hundreds of soldiers, coinciding with the advancement of young soldiers within the nation’s security framework. New generals have also been appointed to lead army divisions situated across the country. The Rwanda Defense Force (RDF) released a statement disclosing Kagame’s approval of the retirement of twelve generals, eighty-three senior officers, and six junior officers. Additionally, eighty-six senior non-commissioned officers will be retired. About 678 soldiers retired as their contracts concluded, with 160 others medically discharged. Prominent figures from Rwanda’s 1994…

A concerted effort is being made to exclude representatives from the oil, natural gas and coal industries from participating in the upcoming COP28 Conference which will be held in December in the United Arab Emirates.    Such a move would reverse the progress made from last year’s COP 27 gathering, in which the industries were allowed to participate after having been banned from the 2021 event. UN Secretary General Antonio Guterres seemed to kick this campaign off in earnest recently when he made a statement blaming the “climate emergency” on the very existence of fossil fuels, rather than the emissions…

Ousted #Gabon President, Ali Bongo Cries Out For Help After Military Coup [VIDEO]—-The Genius Media Nigeria reports that the ousted president of Gabon, Ali Bongo has cried out for help after the military coup that ended his reign in the country. In a video shared few minutes ago, he was heard asking people to make noise about what is happening because he doesn’t have an idea about what is going on. He said his son is somewhere else different from where his wife is and that he has been placed on house arrest.

Canadians like to think of their country as a nation built on immigration. Canada, the story goes, is a bastion of multiculturalism. This narrative has been refined through smug comparison to the United States and other Western countries. At first glance, it may seem that Canada is more welcoming: While other Western nations have faced heavy criticism for their migration policies, Canada has garnered a reputation as being immigrant-friendly. Since 2019, the Canadian government has resettled more refugees than any other country, with little public backlash. So in November, when Prime Minister Justin Trudeau announced a plan to expand immigration,…

A group of senior military officers in the Central African country of Gabon said they have cancelled the elections and seized power because polls held over the weekend were not credible. The officers, in a television announcement on Gabon24 during the early hours of Wednesday morning, revealed this shortly after incumbent President Ali Bongo was announced to have won a third term as president. The military has dissolved all state institutions and closed the country’s borders. They said they represented all security and defence forces of Gabon. The announcement came shortly after the state election body said President Ali Bongo…