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Indian Women’s Hockey Team Ready for Asian Hockey 5s World Cup Qualifier

The Indian women’s hockey team is all set to participate in the Women’s Asian Hockey 5s World Cup Qualifier, which will be held in Salalah, Oman from August 25 to August 28, 2023. The team will face Malaysia, Japan, and Thailand in the elite pool of the tournament, which is a qualifying event for the 2024 FIH Hockey 5s World Cup. Savita: Playing at home will be a momentous experience…

UK retail sales slump in August amid supply chain woes and Covid fears

Retailers face a ‘summer to forget’ as sales fall for fourth month in a row UK retail sales fell for the fourth consecutive month in August, as supply chain disruptions, rising Covid cases and the end of the furlough scheme weighed on consumer spending. According to the latest data from the Office for National Statistics (ONS), retail sales volumes dropped by 0.9% last month, compared with July, and were 2.3%…

Lionesses’ World Cup success sparks funding boost for women’s sport in England

The England women’s football team, also known as the Lionesses, have made history by reaching their first ever World Cup final in Australia. Their remarkable achievement has not only inspired millions of fans, but also generated a significant financial impact for women’s sport in England. Over £250k pledged to support grassroots initiatives According to the Mirror Online, the Lionesses’ World Cup success has seen over £250,000 pledged to women’s sport…

Lancashire Telegraph: Top Stories of the Day

The Lancashire Telegraph is a local tabloid newspaper that covers the news, sport, events, and announcements in East Lancashire, England. It is edited by Karl Holbrook and has a circulation of about 10,000 copies. Here are some of the top stories of the day from the Lancashire Telegraph website. Gang who ran £2m cannabis factories jailed A gang of five men who ran a network of cannabis factories across Lancashire…

SoftBank’s Arm IPO: A Risky Bet on AI Chips

SoftBank Group Corp.’s Arm Holdings Ltd., the UK-based chip designer that powers most of the world’s smartphones, has filed for an initial public offering (IPO) on the Nasdaq stock exchange, aiming to become the biggest tech debut of 2023. The company is seeking a valuation of $60 billion to $70 billion, which would make it one of the most valuable semiconductor companies in the world. However, the IPO also comes…

Indian banks to pay record dividends after stellar profits

Banks bounce back from pandemic woes Indian banks are set to reward their shareholders with the highest dividend payouts in at least seven years, thanks to their strong performance in the fiscal year 2023. The country’s banks are forecast to take their share in aggregate payout across all sectors to 13% for the year ending March 31, 2024, according to S&P Global Market Intelligence. This is up from 12% for…

Oman’s Islamic banking sector records strong growth in 2023

Oman’s Islamic banking sector has witnessed a remarkable growth in the first half of 2023, reaching a new milestone of RO7bn in total assets, according to the latest data from the Central Bank of Oman (CBO). The sector’s market share has also increased to 17.2% of the total banking sector assets as of the end of June 2023, reflecting the rising demand for Shariah-compliant products and services in the sultanate.…

Central Banks’ Crypto Dilemma: To Regulate or To Ban?

The recent wave of data from a string of surveys has painted a rather dim picture of the global business climate. More troublingly, these results have planted seeds of uncertainty concerning central banks’ upcoming decisions on interest rates. Amidst all the economic figures and updates, a resounding sentiment is clear: central banks have a bone to pick with cryptocurrencies. Crypto: A Threat or An Opportunity? Cryptocurrencies, or digital assets that…

Colombian Banks Urge Central Bank to Ease Liquidity Crunch

Colombia’s banking sector has asked the country’s central bank to take measures to address the liquidity shortage that has affected the financial system amid lower-than-expected government spending and compliance with international regulatory framework Basel III, which strengthens bank risk management. Liquidity Squeeze and Interest Rates According to the Colombian banking association Asobancaria, the liquidity squeeze in the financial system is due to the government’s slower budgetary spending and higher tax…

Shipt appoints new tech leader to drive innovation and growth

Smrutha Ipparthi becomes the chief technology and product officer of Shipt Shipt, the delivery service owned by Target, has announced the appointment of Smrutha Ipparthi as its chief technology and product officer. Ipparthi, who has been working in Shipt’s technology organization, will have an expanded role in shaping the company’s user experience and infrastructure, aligning product development with innovative technological advancements, and enhancing the overall experience for customers, shoppers and…