Latest News from Emarat AlYoum
Indian Express
2 minutes ago
- Business
- Indian Express
New data raises concerns over India as an investment destination. Trade pacts can offer a solution
In 2024-25, foreign direct investment (gross) into India stood at $81 billion. But net FDI — essentially the difference between direct investment to and that by India — fell to just $353 million, down from $10.1 billion in the previous year. The reasons for this stunning collapse can be traced to an increase in investments by Indian firms abroad and greater repatriation/disinvestment by foreign firms from the country. Coming at a time of subdued domestic private investments, and when the country is trying to emerge as an attractive destination for firms moving operations out of China and integrate itself to a greater extent in global supply chains, this fall raises questions. Are both domestic and foreign firms finding more attractive investment opportunities in jurisdictions other than India? Do other countries offer a more favourable risk-return ratio? This deserves closer attention. The finance ministry has taken note of this trend and voiced its concern. In its most recent monthly economic review, the ministry says that increasing investment by Indian firms abroad 'even as uncertainty reigned in the world, warrants attention, especially given their cautious attitude towards domestic investment'. And while it also notes that gross FDI inflows have 'remained broadly stable', not only are flows lower than in 2021-22, but over the past few years, FDI (net inflows as a percentage of GDP) has remained well below recent highs as per data from the World Bank. Surprisingly, though, the RBI appears to be more sanguine about these trends. In its monthly bulletin, the Bank says that the moderation in net FDI, which reflects a rise in net outward FDI and repatriation FDI, 'is a sign of a mature market where foreign investors can enter and exit smoothly, which reflects positively on the Indian economy'. Compared to India, UBS says that the 'ASEAN 6's FDI dynamics are robust' based on the first three quarters of 2024, and McKinsey has recently noted that most Southeast Asian economies are 'seeing higher FDI in the fourth quarter' than in previous quarters. As these countries are India's competitors in the China+1 play, these trends call for policy intervention at multiple levels to address the issues/impediments that are holding back investments from both domestic and foreign firms. The near-term outlook for investments remains muddied as both firms and households face uncertainty due to US President Donald Trump's tariffs . The finance ministry's monthly review also notes that private sector capex 'could lag behind, with firms adopting a more cautious stance amid global uncertainty'. However, a successful conclusion of the ongoing trade talks with the US and the EU could have a positive impact on investments and exports. After all, investment is more likely to flow to regions with broader and deeper trade agreements. The finance ministry also notes that 'a successful US-India trade agreement could flip current headwinds into tailwinds, opening up new market access and energising exports'. The government must press ahead with these trade deals.
Fox News
3 minutes ago
- Politics
- Fox News
Ravens coach John Harbaugh discusses 'complicated' decision to release Justin Tucker
Earlier this month, the Baltimore Ravens released Justin Tucker as 16 massage therapists from eight different Baltimore spa and wellness centers accused him of inappropriate behavior due to alleged incidents between 2012 and 2016. The team, though, called the roster move a "football decision" after the 35-year-old, who is a five-time All-Pro and seven-time Pro Bowler, had his worst year in the NFL in 2024 with a 73.3% field-goal percentage. Tucker made 22 of his 30 field-goal attempts, missing 3-of-8 from 40-49 yards and 6-of-11 from 50 yards and beyond. He also missed two of his 62 extra point attempts. He still has the all-time career field-goal percentage at 89.1%, and head coach John Harbaugh said the scenario is "complicated." "I mean, you're talking about arguably the best kicker in the history of the game. And like we said, it's multilayered [and] it's complicated," Harbaugh told the media on Wednesday, via ESPN. "But in the end, it all comes back to what you have to do to get ready for your team to play the first game. And I think if you step back and you take a look at all the issues and all the ramifications, you can understand that we've got to get our football team ready, and we've got to have a kicker to go. And that was the move that we decided to make. "So, in that sense, it's a football decision, and now we have to spend all of our focus and our time to get these kickers ready. We've got a competition going on and [we've got to] get these guys ready to make kicks. So that's all I'm thinking about. From my perspective, it's like, 'We have to have a kicker out there making kicks,' and what's the best way to get that done?" The Baltimore Banner first reported the allegations, with victims saying Tucker repeatedly exposed himself during a span of four years, including his rookie campaign when the Ravens won the Super Bowl. Tucker has denied all allegations, calling them "unequivocally false" in a statement posted to social media. "Throughout my career as a professional athlete, I have always sought to conduct myself with the utmost professionalism. I have never before been accused of misconduct of any kind, and I have never been accused of acting inappropriately in front of a massage therapist or during a massage therapy session or during other bodywork," Tucker's statement said. "I have never received any complaints from a massage therapist, have never been dismissed from a massage therapy or bodywork session and have never been told that I was not welcome at any spa or other place of business." Six massage therapists came out first, followed by seven more women and an eventual total of 16. The accusations from all women are similar. Follow Fox News Digital's sports coverage on X, and subscribe to the Fox News Sports Huddle newsletter.
New York Post
3 minutes ago
- Politics
- New York Post
Judge rules that Trump administration wrongly ended humanitarian parole for hundreds of thousands
A federal judge ruled Wednesday that the Trump administration wrongly ended humanitarian parole for hundreds of thousands of people allowed to live in the United States temporarily. The decision is another legal setback for President Donald Trump's plans for mass deportation, but it may prove temporary and its immediate impact was unclear. 3 President Donald Trump speaks during a swearing in ceremony for U.S. Attorney for Washington, D.C. Jeanine Pirro in the Oval Office of the White House on May 28, 2025 in Washington, DC. Getty Images Advertisement U.S. District Judge Indira Talwani in Boston sided with people who were already admitted to the United States but were unable to renew their short-term permits. They cover parole policies that benefited Afghans, Ukrainians, Cubans, Haitians, Nicaraguans, Venezuelans and children from Central American countries trying to join their parents in the U.S., among others. Talwani, who was appointed by President Barack Obama, said two orders by Department of Homeland Security officials to suspend renewals pending further review were unlikely to survive a legal challenge. One of the orders 'gives no reasoned explanation' for the actions, she wrote. 'The 'pause' has now been in place for three months; the pause is, in effect, an indefinite suspension,' she wrote. 3 Laura Flores-Perilla, a lawyer with the immigrant rights group Justice Action Center, speaks with reporters about a lawsuit outside the federal courthouse in Boston, Massachusetts, U.S., April 10, 2025. REUTERS Advertisement The Department of Homeland Security did not immediately respond to a request for comment. A group of American citizens and immigrants earlier this year sued the Trump administration for ending the long-standing legal tool presidents have used to allow people from countries where there's war or political instability to enter and temporarily live in the U.S. The humanitarian parole programs allowed in 875,000 migrants who have legal U.S. residents as sponsors. 3 Nicole, a Haitian immigrant who works for a meat processing plant, shows an email terminating her parole, Sunday, April 13, 2025, in Dumas, Texas. AP Advertisement Trump has been ending legal pathways for immigrants to come to the U.S. and implementing campaign promises to deport millions of people who are in the U.S. illegally. The plaintiffs include eight immigrants who entered the U.S. legally before the Trump administration ended what it called the 'broad abuse' of humanitarian parole. They can legally stay in the U.S. until their parole expires, but the administration stopped processing their applications for asylum, visas and other requests that might allow them to remain longer. None are identified by their real names because they fear deportation. Among them are Maksym and Maria Doe, a Ukrainian couple; Alejandro Doe, who fled Nicaragua following the abduction and torture of his father; and Omar Doe, who worked for more than 18 years with the U.S. military in his home country of Afghanistan.
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Black America Web
3 minutes ago
- Entertainment
- Black America Web
BET's Black + Iconic Soirée Celebrates Black LGBTQ+ Excellence [Photos]
Source:/ BET BET's Black + Iconic Soirée made a powerful Washington, D.C. debut during its third annual celebration, honoring the rich legacy and bright future of Black LGBTQ+ excellence. Read more about the event and check out a gallery of photos inside. Held under the 2025 theme 'Excellence Ascending,' the event spotlighted changemakers across activism, entertainment, and community who are leading with authenticity, purpose, and pride. Hosted by Access Hollywood anchor Scott Evans, the Soirée was a star-studded evening of storytelling, soulful performances, and impactful recognition. Ashlee Davis, J.D., who received the Executive Realness Award for her groundbreaking civil rights leadership across government and corporate spaces. Hope Giselle, awarded Emerging Leader for her tireless work uplifting Black trans visibility and inclusion. Kierra Johnson, Executive Director of the National LGBTQ Task Force, honored as Active Advocate for decades of reproductive justice and LGBTQ+ advocacy. Ashlee Marie Preston, acclaimed activist and strategist, who took home the Creative Visionary Award for using media to drive intergenerational change. Bob the Drag Queen, Emmy-winning performer and cultural force, accepted the Culture Trailblazer Award, delivering a stirring speech on identity and legacy. The evening also spotlighted grassroots impact. The Center for Black Equity and TAKE Resource Center each received $5,000 BET Thrive Fund grants for their continued work in advancing Black LGBTQ+ wellness and equity. Us Helping Us, a local D.C.-based health equity nonprofit, was granted a $5,000 donation from new partner Truth Initiative, marking a commitment to culturally relevant tobacco cessation programs. Broadway star Avery Wilson, fresh from The Wiz revival, delivered a show-stopping medley performance, while BET+ stars including Eva Marcille, Carter The Body, Bryan Terrell Clark, and Arrington Foster offered heartfelt tributes to the evening's honorees. 'This couldn't be just another event,' said Tiyale Hayes, BET's EVP of Insights and Multiplatform Analytics. 'It had to be an intentional space to uplift stories too often silenced.' With support from longtime partner Gilead Sciences and new ally Truth Initiative, the Soirée marked a cornerstone of BET's 45th anniversary, reinforcing its mission to celebrate Black culture and elevate LGBTQ+ voices. Stay tuned for the televised premiere date (to be announced at a later date) and relive the night via #BlackAndIconic across BET's official social platforms. BET's Black + Iconic Soirée Celebrates Black LGBTQ+ Excellence [Photos] was originally published on Source:BET Source:BET Source:BET Source:BET Source:BET Source:BET Source:BET Source:BET Source:BET Source:BET Source:BET Source:BET Source:BET Source:BET Source:BET Source:BET Source:BET Source:BET Source:BET Source:BET Source:BET Source:BET Black America Web Featured Video CLOSE
Finextra
4 minutes ago
- General
- Finextra
LexisNexis data breach exposes personal information
LexisNexis Risk Solutions says a data breach at a third-party provider has exposed the personal information of more than 364,000 people. 0 The breach at a third-party platform used by data analytics outfit LexisNexis for software development occurred in late 2024, says the company in a filing with Maine's attorney general. Writing to potential victims, the firm says an unauthorised party may have gained access to names, contact information such as phone numbers, postal or email addresses, Social Security numbers, drivers' license numbers or dates of birth. No financial or credit card information was affected and there is no evidence that the data has been "misused". LexisNexis has called in external cybersecurity experts and notified law enforcement. It is offering victims two years of free identity protection and credit monitoring services.
