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BusinessPhoto: HT World

US Home Sellers Use Mortgage Rate Buydowns Amid High Rates

US home sellers face challenges as high mortgage rates reduce buyer interest, leading to slower home sales. To attract buyers, sellers are cutting prices and offering financial incentives like covering closing costs or providing funds to lower mortgage rates. In September, over 45% of home sales included seller concessions, the highest since 2020. About 22% of sellers reduced prices by mid-October, reflecting increased buyer negotiation power and longer selling times.

HT World·

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Technology

Samsung to Use TSMC Technology for Nvidia's Next-Gen Memory Chips

Samsung will utilize TSMC's technology to manufacture Nvidia's next-generation memory chips, according to a report by a Seoul newspaper. This collaboration highlights a significant partnership in semiconductor manufacturing between major industry players Samsung, TSMC, and Nvidia.

Reuters··Seoul

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PoliticsPhoto: The Hindu

Kolkata Durga Puja Stampede Death Toll Rises to 19; HC Judge to Probe

The death toll from the Kolkata Durga Puja stampede has risen to 19. A sitting High Court judge has been appointed to investigate the incident. Authorities have taken seven accused into 10-day police custody. Suvendu has called for a judicial probe and proposed banning VIP queues at puja pandals to prevent future tragedies.

The Hindu··Kolkata

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HealthPhoto: Verdictum

Court Says Digital Safety and Sex Education Must Be in School Curriculum

The court ruled that sex education should start at the primary school level and include helplines in every classroom, training for teachers and parents, and free counseling for victims. It also questioned the Union government about actions taken on suggestions made for 2024 regarding these educational measures.

Verdictum·

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SciencePhoto: AajTak

Japan to Launch Mission to Bring Samples from Mars Moon on 20th

Japan is preparing to launch the MMX mission on the 20th of this month to send a spacecraft to one of Mars' moons. The mission aims to collect samples from the Martian moon and return them to Earth. This will be the first time a spacecraft lands on a moon of Mars, with the journey expected to take about a year.

AajTak·

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BusinessPhoto: TradingView

Muscat Insurance Announces Dividend Distribution Policy

Muscat Insurance has announced its dividend distribution policy, outlining how it plans to allocate dividends to its shareholders. The policy details the criteria and timing for dividend payments, aiming to provide clarity and transparency to investors regarding returns on their investments.

TradingView·

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