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In an interview with IANS, renowned global investor Mark Mobius, 88, emphasized the importance of health for young investors seeking wealth in his new book, 'The Book of Wealth: A Young Investor's Guide to Wealth and Happiness.' He advised that while some may achieve quick riches through talent or luck, most should adopt a patient investment strategy, focusing on quality stocks that consistently perform well. Mobius also recommended allocating 10-20% of investment portfolios to physical gold, while primarily favoring equities. He noted that despite current market booms, corrections are inevitable, asserting that bull markets typically outlast bear markets and yield greater percentage gains. Optimistic about India's economic trajectory, Mobius believes the ongoing bull market will continue, albeit with occasional fluctuations, as the country progresses towards higher growth rates. 
Published: Dec 04 2024, 1 pmeznews.inA 108-meter-long Chunri has been presented to the Janaki Temple in Janakpur, Nepal, by the Jin Mata Trust from Surat, Gujarat, in celebration of 'Bibah Panchami', which commemorates the wedding of Lord Ram and Goddess Sita. This year's event, taking place on Friday, marks the first 'Bibah Panchami' since the consecration of the Ram Temple in Ayodhya earlier this year. The vibrant red Chunri was paraded through Janakpur, igniting excitement among locals. Manoj Rungata, Chairman of Sitaram Gaushala, expressed the community's joy and support for the occasion. The festivities are further heightened by the arrival of around 500 devotees from Ayodhya, who will participate in the wedding ceremony, to be officiated by 40 Vedic Brahmins from Tirupati. The historical significance of this event reflects the deep-rooted cultural connections between Janakpur and the epic tale of Ramayana.
Published: Dec 04 2024, 10 pmeznews.inIn a pivotal move for Sino-Nepalese relations, China and Nepal signed a framework agreement in Beijing today, officially integrating Nepal into China's Belt and Road Initiative (BRI) seven years after an initial understanding. Prime Minister KP Sharma Oli, breaking with tradition by visiting Beijing instead of New Delhi post-election, collaborated closely with President Xi Jinping to finalize the deal. While details remain sparse, the agreement reportedly establishes a foundation for project execution and financing, addressing previous delays caused by a lack of framework and political consensus in Kathmandu. However, concerns persist regarding potential debt implications for Nepal, as critics warn of China's "debt diplomacy," which has ensnared other nations in financial traps. The agreement follows China's controversial funding of Nepal's Pokhara airport, which has faced operational challenges amid regional tensions with India, raising alarms over national security and sovereignty issues.
Published: Dec 04 2024, 10 pmeznews.inGeorgia's political turmoil intensified on Wednesday as police raided opposition party offices, drawing widespread condemnation. The actions followed Prime Minister Irakli Kobakhidze's declaration of a crackdown on pro-EU protests that erupted after the contentious October 26 parliamentary elections. Kobakhidze accused the "radical opposition" of orchestrating the unrest and vowed that no one, including opposition politicians, would evade accountability. Police violence escalated, with the leader of the Akhali party arrested and the Droa party's office searched for incriminating evidence. Protests, fueled by allegations of election fraud and the government's suspension of EU membership talks until 2028, have resulted in around 300 arrests and numerous injuries in clashes. Opposition leaders have decried the government's tactics as "torture" and "repression," prompting condemnation from the US and EU. As divisions deepen, concerns grow over the impact on Georgia's democracy and its EU relations amid allegations of increasing ties with Moscow.
Published: Dec 04 2024, 11 pmeznews.inFrench Prime Minister Michel Barnier is set to confront a pivotal no-confidence vote, a significant political challenge that could determine his future in office. The vote comes amid rising tensions within the government and increasing public discontent over his administration's handling of key issues, including economic reforms and social policies. Opposition parties have united to challenge Barnier's leadership, arguing that his policies have failed to address the needs of ordinary citizens. The outcome of the vote, scheduled for later this week, is uncertain, with Barnier's supporters urging confidence in his ability to navigate the country through turbulent times. Analysts suggest that a successful no-confidence motion could lead to a reshuffling of the cabinet or even early elections, intensifying the political landscape in France. As the nation watches closely, the implications of this vote extend beyond Barnier, potentially reshaping the future of French politics.
Published: Dec 04 2024, 8 pmeznews.inIn a remarkable incident near the Thailand-Myanmar border, a 22-year-old Chinese man, Liu Chuanyi, was rescued after being trapped in an abandoned well for three days. Local villagers, initially believing the strange cries emanating from the nearby forest were ghostly sounds, only alerted authorities when they heard a voice responding to their calls. Upon locating Liu at the bottom of a 12-metre-deep well, rescuers found him in a weakened state with serious injuries, including a fractured wrist and cerebral concussion. Liu had strategically shouted for help once every hour to conserve energy during his ordeal. Authorities suspect he fell into the well while trying to navigate the forest, and they are investigating the circumstances of his presence in the area. The incident has garnered significant attention on Chinese social media, with users praising Liu's resilience and commenting on the villagers' misconceptions about his cries for help. Local officials are now working to secure the well to prevent future accidents.
Published: Dec 04 2024, 9 pmeznews.inOusted Bangladeshi Prime Minister Sheikh Hasina has accused interim leader Muhammad Yunus of "genocide" against minorities during a virtual address from India, where she has taken refuge amid ongoing anti-government protests. Speaking at a New York event, Hasina claimed that Yunus and his associates were responsible for the persecution of Hindus, Buddhists, and Christians, citing recent attacks on places of worship and the arrest of a Hindu monk. She expressed concerns for her safety, alleging a plot to assassinate her and her sister, reminiscent of their father Sheikh Mujibur Rahman's assassination in 1975. Hasina criticized the current government's failure to protect minorities and lamented the loss of justice in Bangladesh. India's Ministry of External Affairs has echoed these concerns, urging the interim government to uphold its responsibility to safeguard all citizens, particularly vulnerable communities amid rising violence and extremist rhetoric.
Published: Dec 04 2024, 9 pmeznews.inBrian Thompson, the CEO of UnitedHealthcare, was fatally shot in New York on Wednesday morning, according to reports. The 50-year-old was attacked at a Manhattan hotel just before 7 am and was pronounced dead after being rushed to the hospital in an unresponsive state. The shooter, described as a white male wearing a black hoodie and possessing a firearm with a silencer, fled the scene, prompting an ongoing investigation by the New York Police Department. In the wake of the tragedy, UnitedHealthcare cancelled its scheduled investor day, expressing condolences and concern for their team member. Thompson, who had led the company since April 2021, previously oversaw its Medicare & Retirement and Community & State divisions. The shocking news has reverberated through the healthcare and business communities, as UnitedHealth Group ranks fifth on the Fortune 500 list.
Published: Dec 04 2024, 9 pmeznews.inA court in Mecca, Saudi Arabia, has sentenced Zaid Junaid, a 35-year-old man from Meerut, Uttar Pradesh, to death for drug trafficking, causing distress among his family. The Meerut Senior Superintendent of Police, Vipin Tada, confirmed receiving a letter from the Indian consulate regarding the verdict, which stems from an incident involving 700 grams of narcotics allegedly found in Zaid's vehicle. His family claims he was framed while working as a driver, following a series of misfortunes, including a vehicle theft and subsequent financial struggles that led him to leave his job. Zaid's father, Zubair, has appealed to the Indian government to file a mercy plea with Saudi authorities, while family members express their hope for intervention. Zaid has been imprisoned since January 15, 2023, and his family remains in despair, wishing for his safe return.
Published: Dec 04 2024, 9 pmeznews.inPresident-elect Donald Trump is reportedly contemplating a replacement for his nominee for Secretary of Defense, Pete Hegseth, amid rising concerns regarding Hegseth's controversial views and personal conduct. Hegseth, who opposes women in combat roles and supports pardoning troops accused of war crimes, has faced scrutiny over allegations of sexual assault and drunken behavior, including an incident where he allegedly made inflammatory remarks about Muslims. His attorney dismissed these claims as baseless, attributing them to a "disgruntled" former associate. Additionally, Hegseth has been accused of financial mismanagement and personal misconduct by veteran organizations, leading to his resignation from one such group. As Hegseth's past continues to surface, Senate Republicans are increasingly hesitant to endorse his candidacy for the Pentagon, prompting Trump to consider Florida Governor Ron DeSantis as a potential alternative.
Published: Dec 04 2024, 8 pmeznews.inA report from the Navarra Pharmacovigilance Center in Spain has revealed eleven cases of hypertrichosis, or "werewolf syndrome," in infants linked to the use of a popular over-the-counter hair-loss treatment containing 5% topical minoxidil. The medication, approved by the U.S. FDA for adult hair loss, appears to have been inadvertently transferred to the babies through skin contact or ingestion. Hypertrichosis is characterized by excessive hair growth in unusual areas, with no known cure, leaving affected individuals reliant on hair removal methods. One notable case involved a breastfeeding infant whose symptoms reversed after the father ceased using minoxidil. Health officials have warned of the potential dangers of minoxidil exposure to infants, with the European Pharmacovigilance Risk Assessment Committee underscoring these risks. In a separate incident, a two-year-old girl in Malaysia was diagnosed with a congenital form of hypertrichosis, unrelated to minoxidil exposure.
Published: Dec 04 2024, 6 pm
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