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Nine European countries, including Lithuania, Latvia, Estonia, Finland, Sweden, Iceland, Denmark, Norway, and Poland, have formally protested the International Monetary Fund’s (IMF) decision to resume consultations with Russia. In a letter to IMF Managing Director Kristalina Georgieva, the finance ministers of these nations expressed deep dissatisfaction with the plan, stating that it would severely damage the Fund’s reputation. The IMF had halted its annual consultations with Russia following Moscow’s full-scale invasion of Ukraine in February 2022.

The IMF’s Russian executive director, Aleksei Mozhin, recently announced that the Fund would re-initiate online consultations with Russia on September 16 and follow up with an in-person delegation visit to Moscow. The nine protesting nations argued that resuming dialogue with Russia, a country that has waged war against Ukraine, contradicts the values and principles of the UN Charter. They emphasized that Russia, as an aggressor state, should not benefit from IMF advice and warned that the move could undermine donor support for Ukraine.

The protesting countries also raised concerns that any data provided by Russia to the IMF would be manipulated to portray the Russian economy as resilient against Western sanctions, thus compromising the accuracy of the IMF’s assessments. Additionally, they cautioned that Moscow could use the mission for propaganda purposes. The IMF, however, defended its decision, stating that the planned visit was in line with its obligations to all member countries, including Russia.

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The International Fashion Fest recently made a significant impact with its innovative and exclusive showcase. Held on September 7th at the Le Meridien in Kochi, the event was orchestrated by Pegasus Global Private Limited under the expert direction of Dr. Ajit Ravi.

This year’s fashion show stood out for its remarkable format and distinguished participants. The runway featured prominent figures such as actress and model Deepti Sathi, Teen India Glam World winner Ishani Laiju, and Mrs India Glam Universe Shailja Sharma, each adding a touch of elegance and star power to the event. What set this fest apart was its distinctive approach, with the spotlight focused on collections from a single designer. This curated format not only emphasized the designer’s vision but also offered attendees a unified and immersive fashion experience. The combination of high-profile models and a unique presentation made this year’s International Fashion Fest a memorable and standout occasion in the fashion calendar.

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In a significant milestone for her pageant career, Shailja Sharma from Himachal Pradesh has been named the winner of the Mrs India Glam Universe title. This prestigious title was awarded by Pegasus Global Private Limited under the leadership of Dr. Ajit Ravi Pegasus, with Shailja outshining contestants from across the nation.

A well-regarded figure in the beauty pageant circuit, Shailja has previously earned several accolades in competitions within Himachal Pradesh and beyond. The prestigious event took place on September 7th at Le Meridien Hotel in Kochi, where Pegasus Global Private Limited Director Jebitha Ajit adorned Shailja with the coveted golden crown. The ceremony was a glittering affair, attended by prominent personalities from the business and film industries, who praised Shailja’s poise and talent.

Looking ahead, Shailja will represent India in the Grand Finale, scheduled to be held in Kochi in November. Her victory is expected to further elevate her profile and open new opportunities in the world of beauty and beyond.

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In a remarkable achievement, Ishani Laiju from Kerala has been crowned the winner of the Teen India Glam World title, organized by Pegasus Global Private Limited under the leadership of Dr. Ajit Ravi Pegasus. Ishani, a native of Mulavukad in Ernakulam, emerged victorious from among contestants across India. This marks the first victory in the Teen India Glam World competition for the 10th-grade student.

Ishani has previously won numerous beauty pageants within Kerala and beyond. The glittering event took place on September 7th at Le Meridien Hotel in Kochi, where Pegasus Global Private Limited Director Jebitha Ajit placed the golden crown on Ishani. The ceremony saw the presence of several prominent personalities from the business and film industries. Ishani will next compete in the Grand Finale, which is set to be held in Kochi in November.

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Europe’s top court has upheld a €2.4 billion fine against Google for abusing its market dominance through its shopping comparison service. The penalty, originally imposed by the European Commission in 2017, marks the conclusion of a long-running legal battle initiated by UK-based Foundem in 2009. The European Court of Justice ruled that Google’s conduct was “discriminatory” and dismissed the tech giant’s appeal in its entirety.

Google expressed disappointment with the decision, noting that it had implemented changes in 2017 to comply with the European Commission’s ruling. Despite these changes, the court’s decision underscores the severity of Google’s actions in monopolizing online price comparison by prioritizing its own shopping recommendations over rivals. The ruling could have broader implications for the company, as additional antitrust cases and compensation claims from affected competitors are pending.

This case adds to Google’s mounting legal challenges in Europe, where the company has been fined a total of €8.2 billion over several cases, including for its use of Android software and advertising practices. The ruling also comes as Google faces a separate antitrust trial in the United States and ongoing investigations by UK regulators over its advertising technology dominance.

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Kochi recently hosted the Unique Times Business Excellence Awards at the elegant Le Meridien, an event presented by Manappuram and led by Pegasus Chairman Dr. Ajit Ravi. The awards ceremony was a tribute to exceptional business talent, with Adv. Dr. P. Krishnadas, Chairman & Managing Trustee of Nehru College of Institutions and Charitable Trust and Honorary Trade Commissioner of Mauritius to India, presenting the accolades.

The event highlighted standout achievements across various sectors. Mini Sajan Varghese was distinguished with the Excellence in Hospitality Entrepreneurship Award, recognizing her significant contributions to the hospitality industry. Chef Pillai, renowned for his culinary prowess, earned the Excellence in Culinary Brand Building Award for his impact on culinary branding. Mr. V. A. Ajmal was lauded with the Excellence in Strategic Business Growth Award for his notable business expansion efforts.

The event also acknowledged other trailblazers: Mr. Mehroof Manalody received the Excellence in Global Education Impact Award for his influence in the education sector, while Mr. Jolly Antony was honored with the Excellence in Cross-Sector Business Strategies Award for his innovative approach to cross-sector business strategies. This celebration of excellence underscores the remarkable achievements shaping today’s business landscape.

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The 21st edition of the prestigious Manappuram Minnalai Media Awards took place in a grand ceremony at Le Meridien, Kochi. The event, led by Pegasus Chairman Dr. Ajit Ravi, celebrated outstanding contributions in journalism across various categories. Dignitaries such as Adv Dr. P. Krishnadas, Roy Manappallil, Dr. M.C. Dileep Kumar, Salam Bappu, and Deepthi Vijayakumar were present to honor the award recipients.

Among the highlights, Hashmi Taj Ibrahim from 24 News received the award for Best News Presenter (Male), while his colleague Anuja Rajesh was recognized as the Best News Presenter (Female). Aparna Kurup of Q18 – News 18 Kerala was awarded Best Interview Program Presenter. The title of Best International News Presenter was bestowed upon Aji Kunjumon from Gulf Life, Media One. V. Aravind, who anchors the program “Arasiyal Galatta” on 24 News, was named Best News-Based Program Presenter.

The event also saw recognition in specialized reporting categories. B.L. Arun from Manorama News took home the award for Best Sports News Report for his work on “Vijayakuthipp Thudaran Palakkad.” Harikrishna T.S. from Mathrubhumi News won the Best Environmental News Report award for “Periya Prashnam Perumpamp.” Additionally, Sanjay Kozhencherry of Manorama News was honored as Best Editor. The evening was marked by the presence of prominent personalities who celebrated the achievements of the media professionals.

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The UK has announced it will provide an additional 650 short-range Lightweight Multirole Missiles (LMMs) to Ukraine, aimed at bolstering the country’s air defences in its ongoing conflict with Russia. The £162 million aid package was unveiled by UK Defence Secretary John Healey during a defence summit at the Ramstein air base in Germany, where Ukrainian President Volodymyr Zelensky also made a fervent appeal for further support. Zelensky expressed gratitude for the aid received but stressed the urgent need for Western-supplied long-range missiles to target Russian positions.

The new missile supply, which is expected to offer a crucial boost to Ukraine’s defensive capabilities, has been met with mixed reactions. Professor Michael Clark, former director-general of the Royal United Services Institute, warned that the missiles might be quickly depleted given the current intensity of the conflict. The UK has committed £12.7 billion in total support to Ukraine since the start of the invasion in February 2022, including £7.6 billion in military aid.

President Zelensky’s plea for long-range missile capabilities was reiterated at the summit, where he urged allies to reconsider restrictions on using Western-supplied weapons against targets within Russia. Despite the support, Western allies have so far restricted the use of long-range missiles to Ukrainian territory, a policy that Zelensky and others argue hinders Ukraine’s ability to end the conflict decisively.

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Ukrainian President Volodymyr Zelenskiy has nominated Andrii Sybiha, the current first deputy foreign minister, to replace Dmytro Kuleba as the country’s new foreign minister. Parliament is expected to approve the nomination as part of a significant government reshuffle—the largest since the war with Russia began in February 2022. Sybiha, a career diplomat, previously worked closely with Zelenskiy in overseeing foreign policy and strategic partnerships. The change comes as Zelenskiy emphasizes the need for “new energy” in Ukraine’s leadership.

The reshuffle, which has already seen the resignations of Foreign Minister Kuleba, two deputy prime ministers, and several other ministers, is not expected to alter Ukraine’s foreign policy. Analysts believe the president’s office will continue to play a dominant role in key decisions, with the foreign minister often taking a secondary position during the ongoing conflict with Russia. Despite the changes, Ukraine’s strategic goals remain unchanged, including maintaining strong international alliances.

Zelenskiy is scheduled to travel to the U.S. later this month to present a “victory plan” to President Joe Biden and participate in a Ramstein group meeting to discuss arms supplies to Ukraine. Meanwhile, Kyiv continues to urge allies to lift restrictions preventing the use of Western weapons in long-range strikes on Russia, as the conflict intensifies with Russian forces advancing in the east and targeting Ukrainian infrastructure with missile and drone attacks.

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Ukraine’s Minister of Foreign Affairs Dmytro Kuleba has resigned as part of a sweeping cabinet reshuffle announced this week. The move, which includes the resignation of several high-ranking officials such as the strategic industries minister and justice minister, reflects a significant overhaul of the government’s top positions. President Volodymyr Zelensky has emphasized the need for new perspectives and efficiency within the government as the country continues to face substantial challenges.

The reshuffle, confirmed by David Arakhamiya, parliamentary leader of the ruling Servant of the People party, will see more than half of the Cabinet of Ministers’ positions filled with new appointees. This strategic reset aims to enhance the government’s effectiveness amid ongoing martial law and a critical period of conflict with Russia. President Zelensky has indicated that these changes are necessary to align state institutions with the country’s urgent needs.

Opposition figures have criticized the move, arguing that it exacerbates the existing political and intellectual crises in Ukraine. With President Zelensky’s first term extended under martial law and several key ministerial roles still unfilled, the reshuffle coincides with continued Russian attacks, including recent strikes in Poltava and Lviv that have resulted in numerous casualties.

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