Author: admin@primenews

One year ago, a spectacular David and Goliath battle shook corporate India when a tiny American firm took on one of the world’s richest infrastructure tycoons. Hindenburg Research published a blistering report in January 2023, accusing Gautam Adani, then Asia’s richest man, of engaging in fraud over decades. Hindenburg said it had taken a short position in his companies, meaning it would benefit if their shares fell. The Indian ports-to-power conglomerate denounced the short-seller’s report as “baseless” and “malicious.” But that failed to halt a stunning stock market meltdown that, at one point, wiped more than $100 billion off the value of…

Protests by farmers in Wales are now “more or less inevitable”, according to industry leaders. Unions warned of “huge unrest” over planned Welsh government reforms. Farmers are meeting at Carmarthen showground later to discuss the situation after more than 1,000 went to a meeting in Welshpool last week. The Welsh government urged farmers to take part in a consultation on the plans, which it said could still change. Financial support for farmers and the rules they must follow are undergoing changes across the UK. Since Brexit the EU has had no say over farming policy, which the Welsh government now…

Kate Garraway thanked viewers for their “incredible” support as she made her return to hosting Good Morning Britain on Thursday. She came back to present the ITV breakfast show less than a week after the funeral of her husband Derek Draper. Garraway, 56, said it was “lovely” to be back but she felt a little “wobbly”. She added: “The make-up girls had me in tears this morning just by saying hello.” Co-host Ben Shephard said he would give Garraway a bit of “leeway”, before saying she did her husband proud with the “extraordinary funeral”. Garraway made a brief appearance on GMB…

Central Cee took home Best Male Act as well as Song of the Year for Sprinter with Dave at 2024’s Mobo Awards. Little Simz and Stormzy, who had four award nominations each, were both recognised with one win – Little Simz for best hip-hop Act while Stormzy bagged best music video. The Gorilla rapper told BBC Newsbeat she was “buzzing” after the award. Escapism singer Raye was also honoured at the awards in Sheffield for best female act. Both she and Stormzy were unable to make the ceremony in person as they are on tour together in Australia, however they…

Russia’s election commission has rejected anti-war challenger Boris Nadezhdin as a candidate in next month’s presidential vote. Mr Nadezhdin has been relatively critical of Vladimir Putin’s full-scale war in Ukraine and few dissenting voices have been tolerated in Russia. He had tried to challenge claims by the election commission that more than 15% of the signatures he submitted with his application were flawed. But the commission rejected his bid. Refusing to give up, Mr Nadezhdin said on social media that he would challenge the decision in Russia’s Supreme Court. “I collected more than 200,000 signatures across Russia. We conducted the…

Pakistani authorities shut mobile internet services across the country as millions headed to the polls on Thursday for an election in which old dynasties are vying for power while the country’s widely popular former leader languishes behind bars and militants ramp up deadly attacks. The much-anticipated vote, already delayed for months, comes as the country of 220 million faces mounting challenges – from economic uncertainty and frequent militant attacks, to climate catastrophes that are putting its most vulnerable at risk. In a vivid illustration of the surging political violence in the run up to the vote, 30 people were killed in twin blasts targeting campaign offices in the…

Shares in Alibaba sank as much as 7% in Hong Kong on Thursday, after the Chinese tech giant reported disappointing sales figures and announced it would suspend listings plans for two of its units. Chairman Joseph Tsai said during an earnings call that “given the challenging market conditions,” the group was “not in a hurry” about the timing of initial public offerings (IPO) for Cainiao, its logistics arm, and Freshippo, its grocery chain. “Market conditions currently are just not in a state where we believe we can really truly reflect the true intrinsic value of these businesses,” he said. Alibaba said in…

Labour is ditching its policy of spending £28bn a year on its green investment plan in a major U-turn. An official announcement will be made on Thursday. Sources insist the party’s Green Prosperity Plan, which includes creating a publicly-owned green power company, is not being dropped altogether. But Labour will no longer commit to investing £28bn a year in green energy projects if it wins the next election. Labour’s position on the policy in recent weeks has been increasingly muddled, with some senior figures repeatedly refusing to use the £28bn figure when pressed in interviews, while others, including party leader…

Lionel Messi played in a Japan friendly after missing a match in Hong Kong, leaving Chinese fans seething and sparking conspiracy theories. State media outlet Global Times accused Messi and his club Inter Miami of “political motives” with the aim to “embarrass” Hong Kong. Messi remained on the bench throughout Sunday’s match in the Chinese special administrative region, citing injury. He played in Tokyo Wednesday, leading some fans to question his condition. Some 38,000 fans at the Hong Kong Stadium booed and demanded refunds when Inter Miami co-owner David Beckham addressed the crowd at the end of Sunday’s match. They had paid…

India’s parliament has passed a stringent new law to prevent cheating in exams for government jobs and admission to public colleges. The Public Examinations (Prevention of Unfair Means) Act, 2024 – which was passed on Tuesday – carries a jail sentence of three to 10 years for those who facilitate cheating. It also carries a fine ranging between 1 million rupees ($12,040; £9,551) and 10 million rupees. The new law does not impose penalties directly on test takers; instead, their punishments will be determined by the rules set forth by their respective testing authorities. The law will be applicable to…