Now, we turn our attention to the next target of the U.S. Research firm - Hindenburg. Axos Financial, which has lent to properties including former president Donald Trump's flagship, New York Tower, has come under Hindenburg's radar. The bank's stock fell 4.2% after the report. Hindenburg said it was short on Axos because of the bank's exposure to problematic commercial real estate loans. Axos Bank's stock fell 4.2% Tuesday, paring much of a loss that reached 16% intraday. Nate Anderson-led Hindenburg said the lender's stock price has an "Aggressive" valuation compared to its peers. The slump left Axos Bank shares at a seven-week low.

Hindenburg targets lender Axos financial

Boeing's (BA.N), opens new tab new Starliner capsule flew its first crew of astronauts to space on Wednesday from Florida in a much-delayed test mission to the International Space Station, a milestone in the aerospace giant's ambitions to step up its competition with Elon Musk's SpaceX.

Boeing's Starliner spacecraft sends first astronaut crew to orbit

South Africa's economy will likely remain weak in the June quarter after unexpectedly contracting in the prior three months. This is driven by election jitters weighing on demand. Gross domestic product fell 0.1% in the three months through March, compared with revised growth of 0.3% in the prior quarter. The slump was largely due to contractions in the mining, manufacturing and construction sectors, which make up more than a fifth of GDP. This was driven by weak demand and a pickup in rotational power cuts.

South Africa's election uncertainty festers

Over the Korean peninsula, a joint training exercise between South Korean fighter jets and a US B-1 strategic bomber demonstrated the precise strike capabilities of the JDAM. The exercise comes after North Korea's provocations prompted South Korea to resume military exercises.

US and South Korea stage joint military drills amid escalating tensions

#Gravitas | At least 32 wild monkeys have drowned in a well in Jharkhand out of desperation for water. Some reports are putting the figure at 40. As many as 100 people across India are suspected to have died due to heatwave.

India heatwave: Parched wild monkeys drown in Jharkhand well

Indian stocks recovered slightly early on Wednesday after erasing $386 billion in market value in the previous session. Analysts look beyond the election results but warn of volatility and more losses. Risks are still at play, with many uncertainties about the formation of a Prime Minister Narendra Modi-led coalition government.

Indian stock recover slightly from a rout

After his own party failed to secure the 272 seats required to form the next government, Modi has found himself surprisingly dependent on the minor parties within the NDA to secure a legislative majority. As tough as it maybe for the NDA, MP Shashi Tharoor thinks 'coalition politics good for India'. Watch in for more details!

Shashi Tharoor on India Elections 2024: 'Coalition politics good for India'

‘We took up people’s issues, got rewarded’: Sachin Pilot after Lok Sabha election results. What more to see how Bollywood actress and Matura's MP Hema Malini reacted to NDA's victory. Watch in for more details!

Sachin Pilot, Hema Maini & Kanimozhi Karunanidhi react to results of Lok Sabha Elections 2024

Indian Prime Minister Modi expressed confidence that NDA will form the government for a third consecutive term, as he addressed BJP workers at the party headquarters.

India Elections 2024: Nitish Kumar, Chandrababu Naidu emerge as kingmakers

Maharashtra is among the states where the NDA has taken a big dent as compared to 2019. Watch to know more.

Maharashtra Election Results: Big dent for NDA in Maharashtra

#Gravitas | According to Oxfam, Palestinians are living in "appalling" conditions amid the Gaza war. According to the group, children sometimes go for a whole day without food. Thousands even share the same toilet as deadly Israeli bombardment and fighting rages on in the Gaza Strip.

Oxfam Says Israel Blocking Gaza Aid, Warns of Risk of Famine Increasing

US President Biden on Tuesday unveiled new executive action authorizing U.S. immigration officials to deport large numbers of migrants without processing their asylum claims, announcing what is arguably the most restrictive border policy by a Democratic president in recent history.

US: Biden to shut Mexico border temporarily, policy takes effect from Wednesday midnight

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