Jannik Sinner's 2024: 2 Slam Grand titles, a doping case and a Davis Cup title for Italy

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Asia markets set to begin Christmas week higher; Nissan-Honda merger deal in focus

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Trump’s tariffs in his first term did little to alter the economy, but this time could be differentNEW DELHI (AP) — India’s former Prime Minister Manmohan Singh, widely regarded as the architect of India’s economic reform program and a landmark nuclear deal with the United States, has died. He was 92. Singh was admitted to New Delhi’s All India Institute of Medical Sciences late Thursday after his health deteriorated due to a “sudden loss of consciousness at home,” the hospital said in a statement. “Resuscitative measures were started immediately at home. He was brought to the Medical Emergency” at 8:06 p.m., the hospital said, but “despite all efforts, he could not be revived and was declared dead at 9:51 p.m.” Singh was being treated for “age-related medical conditions,” the statement said. A mild-mannered technocrat, Singh became one of India’s longest-serving prime ministers for 10 years and leader of the Congress Party in the Parliament's Upper House, earning a reputation as a man of great personal integrity. He was chosen to fill the role in 2004 by Sonia Gandhi, the widow of assassinated Prime Minister Rajiv Gandhi . But his sterling image was tainted by allegations of corruption against his ministers. Singh was reelected in 2009, but his second term as prime minister was clouded by financial scandals and corruption charges over the organization of the 2010 Commonwealth Games. This led to the Congress Party’s crushing defeat in the 2014 national election by the Hindu nationalist Bharatiya Janata Party under the leadership of Narendra Modi . Singh adopted a low profile after relinquishing the post of prime minister. Prime Minister Modi, who succeeded Singh in 2014, called him one of India’s “most distinguished leaders” who rose from humble origins and left “a strong imprint on our economic policy over the years.” “As our Prime Minister, he made extensive efforts to improve people’s lives,” Modi said in a post on the social platform X. He called Singh’s interventions in Parliament as a lawmaker “insightful” and said “his wisdom and humility were always visible.” Rahul Gandhi, from the same party as Singh and the opposition leader in the lower house of the Indian Parliament, said Singh’s “deep understanding of economics inspired the nation” and that he “led India with immense wisdom and integrity.” “I have lost a mentor and guide. Millions of us who admired him will remember him with the utmost pride,” Gandhi wrote on X. The United States offered its condolences, with Secretary of State Antony Blinken saying that Singh was “one of the greatest champions of the U.S.-India strategic partnership.” “We mourn Dr. Singh’s passing and will always remember his dedication to bringing the United States and India closer together,” Blinken said. Born on Sept. 26, 1932, in a village in the Punjab province of undivided India, Singh’s brilliant academic career took him to Cambridge University in Britain, where he earned a degree in economics in 1957. He then got his doctorate in economics from Nuffield College at Oxford University in 1962. Singh taught at Panjab University and the prestigious Delhi School of Economics before joining the Indian government in 1971 as economic advisor in the Commerce Ministry. In 1982, he became chief economic adviser to the Finance Ministry. He also served as deputy chair of the Planning Commission and governor of the Reserve Bank of India. As finance minister, Singh in 1991 instituted reforms that opened up the economy and moved India away from a socialist-patterned economy and toward a capitalist model in the face of a huge balance of payments deficit, skirting a potential economic crisis. His accolades include the 1987 Padma Vibhushan Award, India’s second-highest civilian honor; the Jawaharlal Nehru Birth Centenary Award of the Indian Science Congress in 1995; and the Asia Money Award for Finance Minister of the Year in 1993 and 1994. Singh was a member of India’s Upper House of Parliament and was leader of the opposition from 1998 to 2004 before he was named prime minister. He was the first Sikh to hold the country’s top post and made a public apology in Parliament for the 1984 Sikh Massacre in which some 3,000 Sikhs were killed after then-Prime Minister Indira Gandhi was assassinated by Sikh bodyguards. Under Singh, India adopted a Right to Information Act in 2005 to promote accountability and transparency from government officials and bureaucrats. He was also instrumental in implementing a welfare scheme that guaranteed at least 100 paid workdays for Indian rural citizens. The coalition government he headed for a decade brought together politicians and parties with differing ideologies that were rivals in the country’s various states. In a move hailed as one of his biggest achievements apart from economic reforms, Singh ended India’s nuclear isolation by signing a deal with the U.S. that gave India access to American nuclear technology. But the deal hit his government adversely, with Communist allies withdrawing support and criticism of the agreement growing within India in 2008 when it was finalized. Singh adopted a pragmatic foreign policy approach, pursuing a peace process with nuclear rival and neighbor Pakistan. But his efforts suffered a major setback after Pakistani militants carried out a massive gun and bomb attack in Mumbai in November 2008. He also tried to end the border dispute with China, brokering a deal to reopen the Nathu La pass into Tibet, which had been closed for more than 40 years. His 1965 book, “India’s Export Trends and Prospects for Self-Sustained Growth,” dealt with India’s inward-oriented trade policy. Singh is survived by his wife Gursharan Kaur and three daughters. Associated Press writer Sheikh Saaliq in New Delhi contributed to this report.

By JOSH BOAK WASHINGTON (AP) — Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries. The data show they never fully delivered on his promised factory jobs. Nor did they provoke the avalanche of inflation that critics feared. This time, though, his tariff threats might be different . The president-elect is talking about going much bigger — on a potential scale that creates more uncertainty about whether he’ll do what he says and what the consequences could be. “There’s going to be a lot more tariffs, I mean, he’s pretty clear,” said Michael Stumo, the CEO of Coalition for a Prosperous America, a group that has supported import taxes to help domestic manufacturing. The president-elect posted on social media Monday that on his first day in office he would impose 25% tariffs on all goods imported from Mexico and Canada until those countries satisfactorily stop illegal immigration and the flow of illegal drugs such as fentanyl into the United States. Those tariffs could essentially blow up the North American trade pact that Trump’s team negotiated during his initial term. Chinese imports would face additional tariffs of 10% until Beijing cracks down on the production of materials used in making fentanyl, Trump posted. Business groups were quick to warn about rapidly escalating inflation , while Mexican President Claudia Sheinbaum said she would counter the move with tariffs on U.S. products. House Democrats put together legislation to strip a president’s ability to unilaterally apply tariffs this drastic, warning that they would likely lead to higher prices for autos, shoes, housing and groceries. Sheinbaum said Wednesday that her administration is already working up a list of possible retaliatory tariffs “if the situation comes to that.” “The economy department is preparing it,” Sheinbaum said. “If there are tariffs, Mexico would increase tariffs, it is a technical task about what would also benefit Mexico,” she said, suggesting her country would impose targeted import duties on U.S. goods in sensitive areas. House Democrats on Tuesday introduced a bill that would require congressional approval for a president to impose tariffs due to claims of a national emergency, a largely symbolic action given Republicans’ coming control of both the House and Senate. “This legislation would enable Congress to limit this sweeping emergency authority and put in place the necessary Congressional oversight before any president – Democrat or Republican – could indiscriminately raise costs on the American people through tariffs,” said Rep. Suzan DelBene, D-Wash. But for Trump, tariffs are now a tested tool that seems less politically controversial even if the mandate he received in November’s election largely involved restraining inflation. The tariffs he imposed on China in his first term were continued by President Joe Biden, a Democrat who even expanded tariffs and restrictions on the world’s second largest economy. Biden administration officials looked at removing Trump’s tariffs in order to bring down inflationary pressures, only to find they were unlikely to help significantly. Tariffs were “so new and unique that it freaked everybody out in 2017,” said Stumo, but they were ultimately somewhat modest. Trump imposed tariffs on solar panels and washing machines at the start of 2018, moves that might have pushed up prices in those sectors even though they also overlapped with plans to open washing machine plants in Tennessee and South Carolina. His administration also levied tariffs on steel and aluminum, including against allies. He then increased tariffs on China, leading to a trade conflict and a limited 2020 agreement that failed to produce the promised Chinese purchases of U.S. goods. Still, the dispute changed relations with China as more U.S. companies looked for alternative suppliers in other countries. Economic research also found the United States may have sacrificed some of its “soft power” as the Chinese population began to watch fewer American movies. The Federal Reserve kept inflation roughly on target, but factory construction spending never jumped in a way that suggested a lasting gain in manufacturing jobs. Separate economic research found the tariff war with China did nothing economically for the communities hurt by offshoring, but it did help Trump and Republicans in those communities politically. When Trump first became president in 2017, the federal government collected $34.6 billion in customs, duties and fees. That sum more than doubled under Trump to $70.8 billion in 2019, according to Office of Management and Budget records. While that sum might seem meaningful, it was relatively small compared to the overall economy. America’s gross domestic product is now $29.3 trillion, according to the Bureau of Economic Analysis. The total tariffs collected in the United States would equal less than 0.3% of GDP. The new tariffs being floated by Trump now are dramatically larger and there could be far more significant impacts. If Mexico, Canada, and China faced the additional tariffs proposed by Trump on all goods imported to the United States, that could be roughly equal to $266 billion in tax collections, a number that does not assume any disruptions in trade or retaliatory moves by other countries. The cost of those taxes would likely be borne by U.S. families, importers and domestic and foreign companies in the form of higher prices or lower profits. Former Biden administration officials said they worried that companies could piggyback on Trump’s tariffs — if they’re imposed — as a rationale to raise their prices, just as many companies after Russia’s invasion of Ukraine in 2022 boosted food and energy costs and gave several major companies the space to raise prices, according to their own earnings calls with investors. But what Trump didn’t really spell out is what might cause him to back down on tariffs and declare a victory. What he is creating instead with his tariff threats is a sense of uncertainty as companies and countries await the details to figure out what all of this could mean. “We know the key economic policy priorities of the incoming Trump administration, but we don’t know how or when they will be addressed,” said Greg Daco, chief U.S. economist at EY-Parthenon. AP writer Mark Stevenson contributed to this report from Mexico City.Seguin High School sports complex named in honor of legends

A 40-year-old man has fallen prey to scammers in shares trading investment fraud and lost over Rs40 lakh in two months. According to the police, the complainant is a resident of Dombivali and works in a private company in Airoli. On October 6, the complainant’s mobile number was added to a WhatsApp group on which information about buying, selling and profits generated on investment was being shared. The complainant also showed interest in investing after which the scammers asked him to download a bogus trading app on October 10. Accordingly, between November 2 and December 3, the complainant ended up transferring Rs40.37 lakh in multiple online transactions in different bank accounts, on the instructions of the scammers. The complainant could also see the profits generated on his investments on the trading app. However, when he tried to withdraw his earnings, his requests were denied. When the complainant confronted, the scammers, he was asked to pay 30% more on the profits he had earned, which the man refused. Later, when the scammers began giving evasive replies he realised that he had been duped. He then approached the police and got an offence registered. In his police complaint, the complainant has details of contact numbers of the scammers, bogus trading app and transaction details. A case has been registered by the Thane police under section 66D (cheating by personation by using computer resource) of the Information Technology Act.NEW YORK , Dec. 22, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Hasbro, Inc. (NASDAQ: HAS) between February 7, 2022 and October 25, 2023 , both dates inclusive (the "Class Period"), of the important January 13, 2025 . So what: If you purchased Hasbro common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. What to do next: To join the Hasbro class action, go to https://rosenlegal.com/submit-form/?case_id=31157 or call Phillip Kim, Esq. at 866-767-3653 or email case@rosenlegal.com for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 13 , 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Details of the case: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements that represented the quality of inventory and the appropriateness of the levels of inventories carried by Hasbro and its retailers compared to customer demand. In truth, however, Hasbro had a significant buildup of inventory that it was struggling to manage and which far exceeded customer demand. As a result, defendants' statements about Hasbro's inventory, and what inventory levels reflected regarding demand, were materially false and misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Hasbro class action, go to https://rosenlegal.com/submit-form/?case_id=31157 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com View original content to download multimedia: https://www.prnewswire.com/news-releases/has-deadline-has-investors-with-losses-in-excess-of-100k-have-opportunity-to-lead-hasbro-inc-securities-fraud-lawsuit-302337452.html SOURCE THE ROSEN LAW FIRM, P. A.

Stocks closed higher on Wall Street, giving the market its fifth gain in a row and notching another record high for the Dow Jones Industrial Average. The S&P 500 rose 0.3% Friday. The Dow added 1%, and the Nasdaq composite tacked on 0.2%. Retailers had some of the biggest gains. Gap soared after reporting quarterly results that easily beat analysts’ estimates. EchoStar fell after DirecTV called off its purchase of that company’s Dish Network unit. European markets closed mostly higher and Asian markets ended mixed. On Friday: The S&P 500 rose 20.63 points, or 0.3%, to 5,969.34. The Dow Jones Industrial Average rose 426.16 points, or 1%, to 44,296.51. The Nasdaq composite rose 31.23 points, or 0.2%, to 19,003.65. The Russell 2000 index of smaller companies rose 42.65 points, or 1.8%, to 2,406.67. For the week: The S&P 500 is up 98.72 points, or 1.7%. The Dow is up 851.52 points, or 2%. The Nasdaq is up 323.53 points, or 1.7%. The Russell 2000 is up 102.84 points, or 4.5%. For the year: The S&P 500 is up 1,199.51 points, or 25.1%. The Dow is up 6,606.97 points, or 17.5%. The Nasdaq is up 3,992.30 points, or 26.6%. The Russell 2000 is up 379.60 points, or 18.7%.SYM Investor Alert: A Securities Fraud Class Action Lawsuit Has Been Filed Against Symbotic ...

Hyderabad: The city has witnessed a staggering loss of over Rs 385 crore to various cybercrimes in 2024, with digital arrest and trading frauds topping the list. These figures reflect only the cases reported to the police or the National Cybercrime Portal, while many victims remain silent due to fears of reputational damage and social stigma. "A doctor friend of mine lost Rs 15 lakh in a digital arrest scam but was unwilling to report it. People are prioritising their prestige in society over the money lost in such frauds," said Hyderabad commissioner of police CV Anand during the annual roundup on Sunday. Anand highlighted the role of the banking system in facilitating cybercrimes, revealing that criminals often exploit banks to carry out fraudulent activities. "It's challenging for an average person to open a current account, but it's relatively easy for cybercriminals to do so without proper verification. Bank officials' complicity with these criminals is a major issue, and in 2025, we will focus on addressing their role," he said. "Additionally, the labour department is also issuing licenses easily to establishments as part of ease of doing business policy. We are working to fix it," he added. The city's overall crime rate surged by over 40% in 2024, from 25,488 cases in 2023 to 35,944 in 2024. "This increase is due to a policy of registering FIRs for even minor incidents like simple thefts or injuries and investigating them," Anand explained. While addressing the media, Anand praised the Hyderabad police force for their dedication and the smooth management of events, including the Lok Sabha election. He also acknowledged citizens for their cooperation, especially in voluntarily refraining from using DJs during religious processions. Hyderabad police are now exploring drone technology to enhance traffic management and law enforcement. "We plan to procure drones and establish a dedicated maintenance wing to deploy and manage them in the city," Anand announced. Operation ROPE, aimed at clearing road encroachments and reducing congestion, has shown positive results, with road accidents and fatalities decreasing. "Thanks to the traffic wing's efforts, road accidents and related deaths have significantly reduced," said Anand. In a ground breaking move, Hyderabad police have inducted 44 trans persons as home guards to assist with traffic duties. This initiative aims to promote social integration for the trans community. "This is a revolutionary step in providing them an opportunity to contribute to society," said Anand. He urged the newly inducted personnel to perform their duties with sincerity, emphasising that their roles could be expanded based on performance. Hyderabad police will soon begin dynamic drunk driving checks near bars and pubs to curb inebriated driving, with signs warning drivers. Drunk drivers are predominantly on two-wheelers (87%), followed by cars (10%) and auto rickshaws (5%), said additional CP (traffic) P Viswa Prasad. In addition to suspending licences for drunk driving, officials will also target those caught for signal jumping, triple riding, and wrong-side driving. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .

How major US stock indexes fared Friday, 11/22/2024

Stock market today: Stocks waver in thin trading after US markets reopen following a holiday pause

Embrace the spirit of the holiday seasonGCC Sustainability Innovation Hub releases landmark white paper on achieving net-zero emissions in telecom sectorTrump’s tariffs in his first term did little to alter the economy, but this time could be different