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India Introduces Four-Layer Motor Insurance Structure for Private Vehicles

India's insurance regulator has introduced a new four-layer structure for motor insurance policies covering private cars and two-wheelers. The move, effective December 15, 2026, aims to provide vehicle owners with greater clarity and choice in selecting coverage options beyond the mandatory third-party liability.

Mutual fund returns show shifting leaders across market-cap categories

Equity mutual funds are classified into different categories based on their investments across market capitalisations, primarily large-cap, mid-cap, and small-cap funds. Large-cap funds invest in well-established companies that tend to be relatively less volatile, while mid-cap funds focus on medium-sized companies.

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Erdogan rival vows to 'end madness' at May election

President Recep Tayyip Erdogan's newly anointed rival in May elections pledged Tuesday to "end this madness" and turn Turkey into a peaceful nation in which its various communities get along.

Stocks waver before Fed testimony on US economy

Stock markets wobbled on Tuesday as traders awaited fresh clues on future US interest rate hikes from the head of the Federal Reserve.

Lego expects further growth after record year: CEO

Lego, the world's number one toymaker, expects to continue to gain market share after reporting rising revenue and profits last year despite inflationary headwinds, the company's CEO told AFP Tuesday.

Racism, discrimination pose 'virulent threat': UN rights chief

In a passionate appeal, the United Nations rights chief decried on Tuesday the impact of racism, discrimination, and violence against women, LGBTQ people and other minorities around the world.

Stocks mostly rise before Fed testimony on US economy

Stock markets mostly rose and the dollar firmed Tuesday as traders awaited more clues on the outlook for US interest rate hikes from the head of the Federal Reserve.

S.African economy sinks below pre-pandemic levels

South Africa's economy tumbled below pre-pandemic levels in the last three months of 2022 as record power shortages hit activity, official data showed Tuesday.

Women deal with added burdens of Turkey's quake disaster

The shelves of the makeshift clinic -- little more than an orange storage container -- offer everything women are too shy to ask for on the streets of Turkey's quake zone.

Pension strike snarls France as unions vow to press protest

Fuel deliveries and public transport were severely disrupted in France on Tuesday as unions kicked off a fresh day of protest against a pensions reform that would push back the retirement age for millions.

Sri Lanka president says China agrees to restructure loans

Sri Lanka's president said Tuesday that China had agreed to restructure its loans to the bankrupt island nation, clearing the final obstacle to a long-awaited International Monetary Fund bailout.

Chinese foreign trade starts new year in a slump

China's exports and imports fell during the first two months of 2023, according to official data Tuesday, hit by sluggish overseas demand, a massive Covid wave and market concerns over rising US tensions.

Most markets rise ahead of Powell testimony, US jobs data

Stock markets mostly rose Tuesday as traders geared up for this week's release of key US jobs data and Federal Reserve chief Jerome Powell's testimony to lawmakers.

Most Asian markets rise ahead of Powell testimony, US jobs data

Asian markets mostly rose Tuesday as traders geared up for this week's release of key US jobs data and Federal Reserve chief Jerome Powell's testimony to lawmakers.

France faces 'standstill' in protests against pensions overhaul

France's trade unions were headed for a crucial face-off with President Emmanuel Macron on Tuesday, with fresh strikes and protests planned against a controversial pensions reform he has championed.

Asian markets rise ahead of Powell testimony, US jobs data

Asian markets mostly rose Tuesday as traders geared up for this week's release of key US jobs data and Federal Reserve chief Jerome Powell's testimony to lawmakers.

UK to unveil latest bid to stop migrants crossing Channel

The UK government will on Tuesday unveil hotly anticipated legislation aimed at stopping migrants crossing the Channel illegally on small boats, banning such arrivals from claiming asylum and promptly deporting them.

Global stocks mixed as China eyes 'around 5%' growth in 2023

Global stocks were mixed Monday ahead of key Federal Reserve congressional testimony as China set a lower-than-expected target for 2023 economic growth.

World Bank halts Tunisia program over president's migrant remarks

The World Bank is pausing talks over its future engagement with Tunisia following anti-immigrant comments made by the country's president, Kais Saied, according to an internal message to staff seen by AFP.

Twitter suffers major outage disabling external links

Twitter on Monday suffered a major outage with users worldwide reporting they could no longer read links to articles from outside websites.

Greek PM asks high court to expedite cases over rail disaster

Greek Prime Minister Kyriakos Mitsotakis on Monday asked the country's Supreme Court to prioritise any criminal cases over last week's deadly train crash and to shed light on what led to the country's worst rail disaster.

Stocks largely gain as rate hike hopes offset muted China outlook

Major stock markets mostly rose Monday, with Paris briefly reaching a fresh record, as traders reacted to indications the Federal Reserve could soon end a policy of hiking interest rates.

Accor co-founder, who brought France US-style hotels, dies at 91

Gerard Pelisson, who co-founded Accor and turned the hotel group into a world leader, has died at 91 after a long illness, his family told AFP on Monday.

Asian markets broadly positive but China shares muted

Asian markets enjoyed healthy gains on Monday over murmurs that the US Federal Reserve may loosen its monetary tightening but stocks in Hong Kong and China were muted after Beijing announced its lowest economic growth target in decades.

'Forget the war': Ukraine ski slope offers respite from conflict

Far from the Ukraine war's frontlines, only the whirring of generator-powered ski lifts disturbs the calm at Bukovel in the country's west, a winter resort nestled in the pine-forested Carpathian Mountains.

Barred from the streets, Cubans mark Women's Day online

Taking to the streets to make your voice heard on International Women's Day is a right taken for granted in most countries. Not in Cuba.

Greek stationmaster charged over rail crash as PM seeks forgiveness

The stationmaster implicated in Greece's deadliest rail crash, which killed at least 57 people, was charged and taken into custody Sunday, hours after the prime minister asked for forgiveness for the disaster.

'Creed III' punches its way to top of N.America box office

MGM's boxing drama "Creed III" scored an opening-round knockout this weekend, taking in an estimated $58.7 million to top North America's box office in one of the biggest debuts ever for a sports film.

Poor nations' leaders unleash anger and despair at UN summit

Leaders from the world's poorest nations poured out their disappointment and bitterness at a UN summit on Sunday over the treatment of their countries by richer counterparts.

Greek PM seeks forgiveness as thousands protest over rail tragedy

Greece's prime minister on Sunday asked for forgiveness from the families of the 57 dead in the nation's worst rail disaster as thousands of furious protesters rallied in Athens and clashed with police.

Russian minority shuns Estonia vote over Ukraine support

Put off by the Estonian government's hawkish stance on Russia, many Russian speakers are expected to stay away from elections on Sunday even though they oppose the war in Ukraine.

Greeks set to gather to mourn rail crash dead

Students and rail workers were preparing to rally in Athens on Sunday in the latest expression of grief and anger at Greece's worst rail disaster, which killed at least 57 people.

Texas: Wind and solar stake claim to land of oil

Modern Texas was built on oil, and its production has long been a source of immense pride. But now, areas that moved to the steady rhythm of oil derricks for more than a century are making the state a national leader in wind and solar energy.

Prince Harry says always felt 'different' from other UK royals

Prince Harry reportedly revealed he has long felt "slightly different" to the rest of Britain's royal family in an interview on Saturday with a trauma expert.

The China Mail - Economy (English)