Adani Group is facing fallout as investors and partners reconsider ties due to bribery and fraud accusations by U.S. authorities, leading to potential financial constraints and credit rating downgrades. Major companies like TotalEnergies and Kenyan president William Ruto have halted investments and deals with Adani Group, while the U.S. International Development Finance Corp is reviewing prior agreements amid the ongoing legal proceedings.
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At least four South Sudanese security personnel were killed in clashes with Ugandan forces near their contested border, sparked by disputes over territory. A ceasefire has been agreed upon by military leaders from both nations to investigate the incident, which underscores ongoing tensions between Uganda, a military ally of South Sudan's President Kiir, and rival factions within South Sudan. Want More Context? 🔎
Read moreThe EU is considering suspending Israeli access to its Horizon Europe research funding in response to Israel's actions in Gaza, marking a potential first step against Israel. The proposal, which requires a qualified majority to pass, aims to freeze funding for Israeli startups due to alleged human rights violations, though it faces opposition from some member states and criticism for being insufficient from human rights organizations. Want More Context? 🔎
Read moreA sharp decline in imports due to President Trump's tariff policy contributed to a 3% annual economic growth in the US from April to June, reversing the previous quarter's contraction. While Trump urged the Federal Reserve to lower interest rates based on this rebound, analysts suggest the central bank may hold off on cuts to assess the ongoing impacts of tariffs on consumer prices. Want More Context? 🔎
Read moreAbout the AuthorTOI News DeskThe TOI News Desk is a dedicated team of journalists committed to delivering comprehensive news and updates globally. They excel in gathering, verifying, and presenting breaking news and insightful reports, ensuring readers stay informed about significant developments worldwide.Read More Want More Context? 🔎
Read moreArmed police responded to an aggravated robbery at an Auckland bus station where a watch was reportedly stolen. After suspects were seen boarding a bus, police apprehended three men at the Akoranga Bus Station on the North Shore without incident. Want More Context? 🔎
Read moreA United Airlines flight (UA949) made an emergency landing at Heathrow shortly after takeoff due to a technical fault, prompting a response from police and fire crews. The Boeing 777-200ER, which had climbed to 15,000 feet, returned safely, with no reported smoke upon landing and no impact on airport operations. Want More Context? 🔎
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