WORLD
Google’s break-up very much on the agenda, reveals EU’s...
- Dec 06, 2024
A potential split of Google’s business is still under consideration, according to Teresa Ribera, the European Union’s (EU) new competition chief,...
Volkswagen workers strike at nine plants in Germany,...
- Dec 03, 2024
Workers at nine Volkswagen (VW) car and component plants across Germany started two-hour strikes on Monday. The strikes bought assembly lines to a...
Nepal says will not take loans, instead seeks grants to...
- Dec 01, 2024
Nepal on Saturday said that it was not in a position to take loans for projects under China’s Belt and Road Initiative (BRI) and that would instead...
FTC starts major probe into Microsoft’s software...
- Nov 29, 2024
The US Federal Trade Commission (FTC) has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud...
The world watches with bated breath, as Mr Trump is set to...
- Nov 27, 2024
On January 20, 2025, Donald Trump will assume office as the 47th president of the United States (US). Last month, Mr Trump, 78, swept to a...
COP29 ends with $300-bn climate package, India rejects it...
- Nov 25, 2024
India on Sunday fiercely rejected the paltry $300-billion climate finance package for the Global South and said that the COP29 presidency and the UN...
India, ASEAN move closer to having a relook at tariffs in...
- Nov 24, 2024
India and the Association of South-East Asian Nations (ASEAN) are inching towards initiating discussions on having a relook at tariffs or import...
Dubai-based family offices controlling over $1 trillion in...
- Nov 21, 2024
Dubai’s financial hub is now home to family offices that control over $1 trillion in assets, driven by an influx of high net-worth individuals...
More problems for Nvidia’s Blackwell AI chips with...
- Nov 18, 2024
Nvidia’s new Blackwell AI chips, which have already faced delays, have encountered problems with accompanying servers that overheat, causing some...
Unilever to slash fewer jobs in Europe, restore some...
- Nov 16, 2024
Unilever is cutting about 1,500 fewer jobs in Europe than initially anticipated and hiring about 1,000 people, primarily those affected by its...
Global economy headed for a soft landing, better days...
- Oct 27, 2024
A soft-landing of the global economy, which has experienced tremendous stress over the past several years, is increasingly a possibility, Union...
Waymo closes $5.6-bn funding round to expand autonomous...
- Oct 26, 2024
Alphabet’s self-driving unit, Waymo, has said that it has closed a $5.6-billion funding round led by the Google parent, as it looks to expand its...
Tesla’s two-seater robotaxi – Cybercab – jeered by...
- Oct 14, 2024
Tesla’s revelation of a robotaxi designed as a low-slung, two-seater, sporty coupe – quite the opposite of a typical taxi with room for several...
Amid losses and employees’ strike, Boeing announces...
- Oct 13, 2024
Boeing will cut 17,000 jobs – 10 per cent of its global workforce – delay first deliveries of its 777X jet by a year and record $5 billion in...
PepsiCo slashes 2024 sales as US consumers tighten their...
- Oct 09, 2024
PepsiCo cut its forecast for annual sales growth on Tuesday as picky consumers in North America limit their spending on savoury snacks and sodas,...
Pakistan to slash 1,50,000 jobs, close six ministries under...
- Sep 30, 2024
In an effort to minimise administrative expenditures, cash-strapped Pakistan on Sunday announced to abolish about 1,50,000 government posts, close...
US Fed slashes policy rate by a larger 50 basis points to...
- Sep 20, 2024
The US central bank on Wednesday kicked off an anticipated series of interest rate cuts with a larger-than-usual half-percentage-point reduction....
Japanese government faces uphill task as it urges companies...
- Sep 01, 2024
Japan – a nation so hardworking that its language has a term for literally working oneself to death – is trying to address a worrisome labour...
Chanel acquires a 25% stake in quirky, high-end Swiss...
- Aug 23, 2024
Chanel has bought a 25 per cent stake in high-end Swiss watchmaker MB&F, known for its quirky watch designs, the French luxury house has said....
German economist Martin Qaim notes that hunger-free world...
- Aug 04, 2024
United Nations’ (UN) goal of creating a hunger-free world by 2030 most likely would not be achieved, an eminent German agriculture economist said...
G20 labour ministers’ meet stresses on formalisation of...
- Jul 28, 2024
G20 Labour and Employment Ministerial declaration, approved by member countries, has emphasised on the need for governments to develop and support...
OpenAI unveils SearchGPT, an AI-powered search engine, to...
- Jul 27, 2024
OpenAI is venturing into a territory long dominated by Google with the selective launch of SearchGPT, an artificial intelligence (AI)-powered search...
8.5 million Microsoft devices bear the brunt of software...
- Jul 21, 2024
A global tech outage that was related to a software update by cybersecurity firm CrowdStrike affected nearly 8.5 million Microsoft devices, Microsoft...
Warner Bros Discovery mulls separating streaming and studio...
- Jul 19, 2024
Warner Bros Discovery, the owner of CNN and HBO, has discussed a plan to split its digital streaming and studio businesses from its...
Under regulatory lens, Microsoft, Apple abandon board seats...
- Jul 11, 2024
Microsoft and Apple have dropped plans to take board roles at OpenAI in a surprise decision that underscores growing regulatory scrutiny of Big...
OpenAI’s design details hacked in 2023, but to no...
- Jul 06, 2024
A hacker had gained access to internal messaging systems at OpenAI last year and stolen details about the design of the company’s artificial...
Australian bank ANZ rapped for charging fees from dead...
- Jul 02, 2024
Australian lender ANZ has been sanctioned for failing to stop or refund fees for dead customers and not responding to their representatives within a...
Boeing to acquire key supplier Spirit AeroSystems for $4.7...
- Jul 01, 2024
Boeing will be buying Spirit AeroSystems in a $4.7-billion, all-stock deal following months of talks, as it tries to resolve a sprawling corporate...
Four Hinduja family members sentenced to prison term for...
- Jun 22, 2024
Four members of the affluent Hinduja family were sentenced by a Swiss criminal court on Friday to prison terms ranging from four to 4.5 years for...
Cognizant Technologies buys Belcan for $1.3 billion, sees...
- Jun 11, 2024
Information technology services provider Cognizant Technologies said on Monday that it had agreed to acquire digital engineering company Belcan for...
EU leads big economies in rate cut as ECB slashes policy...
- Jun 07, 2024
The European Union (EU) has become the second major global economy to cut its lending rate this week, saying that it had made progress in tackling...
15 members, including Adani, in global super-rich club of...
- May 18, 2024
The world’s super-rich club now has 15 members with fortunes over $100 billion, the most on record, as they ride the waves of artificial...
OpenAI’s new model, ChatGPT4o, is straight out of sci-fi...
- May 15, 2024
ChatGPT-maker OpenAI has released a new AI model called GPT-4o, capable of realistic voice conversation and able to interact across text and image....
Sony and Apollo launch $26-billion, cash-and-debt offer for...
- May 04, 2024
Paramount Global will end exclusive negotiations with Skydance Media without a deal, according to a person familiar with the discussions, allowing it...
BHP Group set to review $39-billion takeover offer for...
- Apr 26, 2024
Anglo American’s management does not consider a proposed $39-billion takeover offer from the BHP Group attractive, two sources have told...
Microsoft’s lightweight Phi-3 AI model is lighter on the...
- Apr 24, 2024
Microsoft on Tuesday launched a lightweight artificial intelligence (AI) model, as it looks to attract a wider client base with cost-effective...
IMF flags high debt levels in ‘Great Election Year’ as...
- Apr 18, 2024
The International Monetary Fund (IMF) urged countries on Wednesday to rein in fiscal spending and rebuild their buffers, but said that could prove...
US Steel nod to $14.9-bn acquisition by Japan’s Nippon...
- Apr 14, 2024
US Steel has approved its proposed $14.9-billion acquisition by Japan’s Nippon Steel as expected, taking the merger one step closer to completion...
US consumer inflation surges in March, investors fear Fed...
- Apr 11, 2024
US consumer prices increased more than expected in March as Americans paid more for gasoline and rental housing, leading financial markets to...
Robust factory output in India and China stands in contrast...
- Apr 03, 2024
China has emerged as a silver lining in the Asian dark cloud. Factory activity in many Asian economies has weakened in March. But a steady hum across...
China’s factory output in March expands for the first...
- Apr 01, 2024
China’s manufacturing activity expanded for the first time in six months in March, an official factory survey showed on Sunday, offering relief to...
Top-level changes at Boeing post-accident, CEO Dave Calhoun...
- Mar 26, 2024
Boeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shake-up for the embattled aerospace giant.Larry Kellner, the...
US Justice Department sues Apple for perpetuating monopoly...
- Mar 22, 2024
The US Department of Justice sued Apple on Thursday for illegally maintaining a monopoly for its iPhone by stifling competition and imposing...
Bank of Japan ends negative rates, hikes interest for the...
- Mar 20, 2024
The Bank of Japan (BoJ) ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday. The central bank made a...
More women on boards of companies with higher ratings in...
- Mar 06, 2024
Moody’s Investors Service on Tuesday said that higher-rated companies had a larger proportion of women on their boards than that of lower-rated...
Bezos, Nvidia and OpenAI join hands to invest in humanoid...
- Feb 25, 2024
Amazon.com founder Jeff Bezos, Nvidia and other big technology names are investing in startup Figure AI that develops human-like robots,...
SoftBank set to tap $100 billion to fund a chip plant for...
- Feb 18, 2024
SoftBank Group Chief Executive Officer Masayoshi Son is looking to raise up to $100 billion for a chip venture that will rival Nvidia Corp,...
Amid massive layoffs, companies coin new terms to make job...
- Feb 11, 2024
Have you suffered an “involuntary career event” recently? Perhaps you were a casualty of “corporate outplacing”, the unfortunate, yet...
Hong Kong court orders liquidation of indebted Chinese...
- Jan 30, 2024
A court in Hong Kong has ordered liquidation of debt-laden Chinese property giant Evergrande.Judge Linda Chan has said, “enough is enough” after...
Microsoft set to slash 1,900 of staff at Activision...
- Jan 26, 2024
Microsoft was cutting around 1,900 jobs at Activision Blizzard and Xbox, the Reuters quoted a news website report on Thursday, citing an...
China’s 2023 GDP growth slows to 5.2% amid weak...
- Jan 18, 2024
China’s economy grew by 5.2 per cent in 2023, slightly more than the official target. But the recovery was far shakier than many analysts and...
Hewlett Packard Enterprise to snap up Juniper Networks for...
- Jan 11, 2024
Hewlett Packard Enterprise will buy networking gear-maker Juniper Networks for $14 billion in an all-cash deal in an attempt to spruce up the...
Chinese central bank infuses $50 billion into policy banks...
- Jan 03, 2024
The People’s Bank of China (PBOC) injected nearly $50 billion worth of low-cost funds into policy-oriented banks last month, suggesting that the...
Chinese automobile company BYD set to race past Tesla soon...
- Dec 28, 2023
China’s BYD Co bills itself as the biggest car brand you have never heard of. It might need a different tagline soon. The automaker is poised...
COP28 ends with a deal calling for “a transition away...
- Dec 14, 2023
Representatives from nearly 200 countries agreed at the COP28 climate summit on Wednesday to begin reducing global consumption of fossil fuels to...
EU clinches deal for a landmark law to regulate AI systems,...
- Dec 11, 2023
Europe has reached a provisional deal on landmark European Union (EU) rules governing the use of artificial intelligence (AI), including...
China, Japan & South Korea foreign ministers agree to...
- Nov 27, 2023
China, Japan and South Korea agreed on Sunday to restart cooperation and pave the way for a summit in the latest move to ease tensions between the...
Black Friday sales see US customers making a huge shift to...
- Nov 26, 2023
Mastercard Spendingpulse said on Saturday that US retail sales on Black Friday rose by 2.5 per cent year-over-year, excluding automotive sales, not...
OpenAI staff threaten to quit and join Altman, demand for...
- Nov 21, 2023
OpenAI’s staff on Monday threatened to quit the artificial intelligence (AI) startup and join former boss Sam Altman at Microsoft’s new division...
ChatGPT-maker OpenAI sacks CEO Sam Altman, the human face...
- Nov 19, 2023
The board of the company behind ChatGPT on Friday fired OpenAI CEO Sam Altman – to many, the human face of generative AI – sending shockwaves...
FDI in China turns negative for the first time in Q3 of...
- Nov 08, 2023
A measure of foreign investment into China turned negative for the first time since records began in 1998, highlighting how foreign companies are...
US labour market finally loosens and adds fewer jobs in...
- Nov 04, 2023
US job growth slowed in October in part as strikes by the United Auto Workers (UAW) union against Detroit’s Big-Three carmakers depressed...
UAW’s ongoing strike at GM spreads to automaker’s...
- Oct 30, 2023
The United Auto Workers (UAW) has expanded its strike against General Motors (GM) to include its Spring Hill, Tennessee, engine plant, a move that...
India flays EU, UK for clamping safeguard measures on its...
- Oct 26, 2023
India has criticised the European Union (EU) and the UK at the World Trade Organization (WTO) for continuing with the safeguard measures on its steel...
Electric cars on roads worldwide set to zoom by almost 10...
- Oct 25, 2023
The energy world was set to change significantly by 2030, based on the current policy settings, which included almost 10 times as many electric cars...
Chevron set to buy Hess for $53 billion, signifying...
- Oct 24, 2023
Chevron Corp agreed to buy Hess Corp in a deal worth $53 billion on Monday, the latest major consolidation in the US oil industry. In an...
China puts curbs on graphite exports; move set to hamper EV...
- Oct 21, 2023
China said on Friday that it would require export permits for some graphite products to protect national security. The move has sprung a surprise...
Subdued consumer prices point to Chinese economy headed for...
- Oct 15, 2023
China’s consumer prices remained flat in September, according to figures released recently. The numbers again show weak consumer demand as the...
Claudia Goldin’s gender pay research wins her Nobel Prize...
- Oct 10, 2023
This year’s Nobel Prize for Economics has been awarded to Claudia Goldin, an American economic historian, for her work on women’s employment and...
Oil traders mull options over disruption in supplies as...
- Oct 09, 2023
As oil traders prepare for the market to open after the sudden eruption of war in Israel, one question is key: Will the conflict spread to the rest...
J&J gets relief in talc powder case as New Jersey court...
- Oct 04, 2023
A New Jersey appeals court on Tuesday threw out a $223.8-million verdict against Johnson & Johnson (J&J) that a jury had awarded to four...
Cisco Systems to buy cybersecurity firm Splunk for about...
- Sep 22, 2023
Cisco Systems on Thursday agreed to buy cybersecurity firm Splunk for about $28 billion in its biggest-ever deal to strengthen its software business...
John Grisham, other authors sue OpenAI for “unlawfully...
- Sep 21, 2023
A trade group for US authors has sued OpenAI in Manhattan federal court on behalf of prominent writers, including John Grisham, Jonathan Franzen,...
Port Talbot to get 500 mn pounds from UK govt to keep steel...
- Sep 16, 2023
Port Talbot’s steelworks will be given up to 500 million pounds by the UK government in a bid to keep the plant open and produce steel in a greener...
Big breakthrough at G20 Summit: New Delhi Declaration...
- Sep 11, 2023
The New Delhi Leaders’ Summit Declaration was adopted on Saturday in a massive breakthrough as members of the G20 arrived at a “100 per cent...
Meta Platforms all set to release AI model to write...
- Aug 25, 2023
Meta Platforms on Thursday said that it would release an artificial intelligence (AI) model designed to assist in writing computer code, furthering...
El Nino, India’s export ban send global rice prices...
- Aug 23, 2023
Prices for rice grown in Kenya soared a while ago because of higher fertiliser prices and a years-long drought in the Horn of Africa that has reduced...
Alphabet’s $118-bn cash pile is a problem of plenty for...
- Aug 13, 2023
Alphabet is facing a new and, by most accounts, welcome problem –how to spend its rapidly-expanding pile of cash. The Google owner generated...
Job addition grows at slow pace, but US labour market still...
- Aug 05, 2023
The US economy added fewer jobs than expected in July, but solid wage gains and a decline in unemployment rate back to 3.5 per cent pointed to...
Fitch downgrades US credit rating to AA+; US government...
- Aug 03, 2023
Rating agency Fitch on Wednesday downgraded the US government’s top credit rating. The move drew an angry response from the White House and...
Banks ready to account for only 33% of emissions via...
- Jul 31, 2023
Banks working to develop global standards on accounting for carbon emissions in bond or stock sale underwriting have voted to exclude most of these...
Global rice prices set to spike after India’s ban on...
- Jul 26, 2023
Prices of rice are set to surge after top exporter India banned a large chunk of shipments recently. India’s rice ban adds to the stress on global...
EssilorLuxottica dragged to court for inflating Ray-Ban...
- Jul 23, 2023
The French-Italian owner of Ray-Ban and Oakley eyewear brands was sued for allegedly scheming with competitors to inflate prices by as much as 1,000...
G20 finance ministers’ meet vows to address debt...
- Jul 20, 2023
The third meeting of G20 Finance Ministers and Central Bank Governors in Gujarat’s Gandhinagar ended on Tuesday without a consensus on the...
IMF chief calls for joint action against slowing growth,...
- Jul 15, 2023
International Monetary Fund (IMF) Managing Director Kristalina Georgieva has said that the world will be looking for joint action to address rising...
China’s June exports plunge by 12.4%; post-COVID recovery...
- Jul 14, 2023
China’s exports fell last month at their fastest pace since the onset of the COVID-19 pandemic three years ago as an ailing global economy put...
FTC files suit against Amazon, alleging e-tailer of duping...
- Jun 22, 2023
The US Federal Trade Commission (FTC) filed suit against Amazon.com on Wednesday, accusing the retailer of enrolling millions of consumers into its...
IEA flags China risk to crude oil and products as its spare...
- Jun 15, 2023
China is both the biggest driver of future demand for crude oil and the biggest risk to global refining as it will continue to hold much of the...
Twitter’s US ad sales drop by 59% amid spurt in hate...
- Jun 06, 2023
Elon Musk had recently said that Twitter’s advertising business was on the upswing. “Almost all advertisers have come back,” he had asserted,...
Stuck in time and set against a bleak future, Germany...
- May 27, 2023
Germany’s Gross Domestic Product (GDP) contracted by 0.3 per cent for the January-March 2023 quarter when adjusted for price and calendar effects,...
European Commission pleads court to get Apple to pay $14.3...
- May 24, 2023
EU competition regulators appealed to the bloc’s highest court on Tuesday to override a lower tribunal and make Apple pay a record 13 billion euros...
China’s unforgiving loan terms driving poor countries...
- May 19, 2023
A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much...
As US inflation slows down, Federal Reserve likely to pause...
- May 14, 2023
US inflation has showed more signs of moderating in April, giving the Federal Reserve room to pause interest rate increases soon.Key drivers of...
Charles III crowned King of UK and 14 other realms in a...
- May 07, 2023
King Charles and Queen Camilla were crowned on a historic day of pageantry on Saturday, capped by cheering by crowds in front of Buckingham...
Former chief of Mastercard Ajay Banga elected World Bank...
- May 04, 2023
The World Bank’s 25-member executive board on Wednesday elected former Mastercard CEO Ajay Banga to a five-year term as president, effective June...
SoftBank’s Arm, likely to have filed for US IPO, set for...
- Apr 30, 2023
SoftBank Group Corp’s chip-maker Arm had filed with regulators confidentially for a US stock market listing, people familiar with the matter said...
US cities struggle to raise funds as shortage of...
- Apr 22, 2023
The municipality of Marion had planned to finance a new $10-million firehouse with a bond deal later this year. But that project and others are on...
Closing gender gap in farming can add $1 trillion to global...
- Apr 15, 2023
Eliminating discrimination against women in agriculture could increase the size of the world economy and reduce hunger at a time when a record 345...
Despite a fall in prices, food still remains costly across...
- Apr 08, 2023
World food prices were still high but had fallen by a fifth compared to a year ago when prices had soared to a monthly record high after Russia had...
Credit Suisse-UBS merger costs Switzerland a third of its...
- Mar 21, 2023
Credit Suisse and UBS could benefit from more than 260 billion Swiss francs ($280 billion) in State and central bank support, a third of the...
Unknown firms’ tankers keep Russian oil flowing freely...
- Mar 20, 2023
At a downtown office block in Mumbai, packing tape peels off a black door whose handle appears to have been ripped out. A pile of post is strewn on...
SVB’s crash set to spread the world over, startups...
- Mar 12, 2023
The fallout from the collapse of Silicon Valley Bank (SVB) is starting to spread around the world. SVB’s UK unit is set to be declared...
US companies’ layoffs in January and February hit a...
- Mar 10, 2023
Layoffs by US companies over January and February touched the highest since 2009, with the tech sector accounting for more than a third of the over...
“Never defaulted, and we won’t now”, stresses...
- Mar 04, 2023
Cash-strapped Pakistan’s Finance Minister Ishaq Dar on Friday said that his country had “never defaulted, and we won’t now” as it awaited a...
India’s key priorities get strong support at G20 meet,...
- Feb 26, 2023
India’s G20 presidency had received strong support from all members on all key priorities, said Finance Minister Nirmala Sitharaman on Saturday at...
Ex-Mastercard chief Ajay Banga set to be president of World...
- Feb 24, 2023
US President Joe Biden on Thursday nominated Indian-American business executive Ajay Banga to become president of the World Bank. Mr Biden lauded Mr...
Boeing announces 2,000 job cuts in finance and human...
- Feb 07, 2023
Boeing expected to cut about 2,000 white-collar jobs this year in finance and human resources through a combination of attrition and layoffs, the US...
AP Moller-Maersk and MSC to drift apart after a decade-long...
- Jan 29, 2023
AP Moller-Maersk and Mediterranean Shipping Company (MSC), the world’s largest container lines, will end a partnership of pooling cargo on their...
Airbus to take 13,000 people on board in 2023 to support...
- Jan 27, 2023
Airbus intended to recruit more than 13,000 people globally in 2023, the European aircraft-maker said in a statement on Thursday. It said the...
Be pragmatic & collaborate, fragmentation will cost 7% of...
- Jan 21, 2023
International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Friday asked the world to be pragmatic and collaborate and said that...
1,000 Indian staff of Amazon set to lose jobs as a part of...
- Jan 07, 2023
A report said on Friday that Amazon India would lay off 1 per cent of its workforce in the country as a part of the global layoffs announced by the...
Amid tough times, IMF hopeful of China reopening set to...
- Dec 11, 2022
The International Monetary Fund (IMF), World Bank and others have raised concerns about a worsening global outlook while hopeful that China’s...
Amid volatility, uncertainty, OPEC+ keeps oil output...
- Dec 05, 2022
OPEC+ has responded to surging volatility and growing market uncertainty by keeping its oil production unchanged. The outcome of the brief...
China’s COVID curbs, sanctions on Russia drive up...
- Nov 27, 2022
With soaring shipping costs come soaring bills for ships doing nothing.In the oil-tanker market, day rates for delayed vessels – think taxis...
Apple, the world’s largest profitable company, makes Rs...
- Nov 25, 2022
Do you know how much profit Apple makes every second? It is a staggering over $1,820 (over Rs 1.48 lakh), making the iPhone-maker the world’s most...
Crypto exchange FTX files for bankruptcy; CEO Sam...
- Nov 12, 2022
Cryptocurrency exchange FTX said on Friday that it was commencing bankruptcy proceedings in the United States and Sam Bankman-Fried was resigning...
Elon Musk Impact: A majority of Twitter's Indian staff...
- Nov 05, 2022
Twitter has fired a majority of its over 200 employees in India as a part of mass layoffs across the globe ordered by its new owner Elon Musk who is...
Xi Jinping’s third term as president bodes ill for China,...
- Nov 03, 2022
As expected, President Xi Jinping secured an unprecedented, historic third term last month. The recently-concluded 20th National Congress of the...
Twitter set to sack a quarter of its staff: The Washington...
- Nov 01, 2022
Twitter, which was acquired last week by billionaire Elon Musk, planned to let go of a quarter of its workforce as a part of what was expected to be...
Rishi Sunak takes over as UK’s prime minister; all eyes...
- Oct 26, 2022
Rishi Sunak became Britain’s third prime in two months on Tuesday at a time when the UK faces what he has termed a “profound economic...
Shippers and tankers in chaos as EU’s Russian sanctions...
- Oct 24, 2022
A huge shadow fleet of tankers with unknown owners is amassed to serve Moscow’s interests. Intense diplomatic wrangling among US leaders to ease...
Microsoft’s third layoff this year leads to around 1,000...
- Oct 19, 2022
In keeping with the global trend of cutting jobs, tech giant Microsoft recently sacked nearly 1,000 employees across verticals. This is the third...
Former Fed chief Bernanke, Diamond &Dybvig win Nobel Prize...
- Oct 11, 2022
Ben S Bernanke, Douglas W Diamond and Philip H Dybvig won the 2022 Nobel Prize in Economics for research on banks and financial crises. The...
Facebook silently sharpening the axe to slash 12,000 of its...
- Oct 07, 2022
Meta is reportedly conducting “quiet layoffs” at Facebook that may lead to thousands of job cuts – at least 12,000 or about 15 per cent of its...
Oil prices shoot up as OPEC+ members mull output cut by 1...
- Oct 04, 2022
Oil prices jumped by more than $4 on Monday as the Organization of the Petroleum Exporting Countries and its allies – known collectively as OPEC+...
Britain’s longest-serving monarch Queen Elizabeth II...
- Sep 09, 2022
Queen Elizabeth II, Britain’s longest serving monarch, died at 96 on Thursday. She had reigned for 70 years. The royal family – the...
As weather plays truant the world over, cotton wilts, while...
- Aug 21, 2022
Extreme weather is wreaking havoc upon virtually all of the world’s largest cotton suppliers. In India, the top-producing country, heavy rains...
Elon Musk may have to pay the price for scrapping Twitter...
- Jul 10, 2022
Twitter has a strong legal case against Elon Musk walking away from his $44-billion deal to acquire the US social media company. But he could opt for...
G7 nations ban Russian gold imports to “strike at the...
- Jun 27, 2022
Members of the Group of Seven (G7) wealthy nations on Sunday announced a ban on imports of Russian gold as the G7 summit in the Bavarian Alps began...
Consumer inflation for May spirals to a four-decade high of...
- Jun 12, 2022
Prices of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no...
Zilingo CEO Ankiti Bose dismissed over complaints of...
- May 21, 2022
Singapore-based fashion technology startup Zilingo on Friday said that it had sacked co-founder and CEO Ankiti Bose following an independent forensic...
Indonesia to permit palm oil exports from May 23 as ban...
- May 20, 2022
Indonesia would lift its palm oil export ban from Monday, following improvements in the domestic cooking oil supply situation, President Joko Widodo...
China defends India’s wheat export ban, blames West for...
- May 17, 2022
China has come to India’s defence over wheat export ban. An article in the Global Times, the Chinese government’s mouthpiece, has defended...
QT set to trim US Fed’s balance sheet by $1.4 trillion by...
- May 07, 2022
The US Federal Funds Rate is likely to get restrictive within a year, moving above-neutral and thus impinging on growth. The expected quantitative...
US Fed hikes rate sharply by 0.50%, to begin shrinking...
- May 05, 2022
The Federal Reserve delivered the biggest hike in interest rates since 2000 on Wednesday and announced that it would start shrinking its massive...
India, 6 others in US’ Priority Watch List for IP...
- Apr 28, 2022
The United States on Wednesday placed India, China, Russia and four other countries on its annual Priority Watch List for intellectual property (IP)...
Elon Musk finally bags Twitter in a $44-billion deal as he...
- Apr 26, 2022
Billionaire Elon Musk has taken control of Twitter In one of the world’s biggest deals in the technology world. The deal will see Mr Musk acquiring...
After snaring them in debt, China now reluctant to bail out...
- Apr 15, 2022
Over the past few years, the US has accused China of using “debt diplomacy” to make developing nations across the world more dependent on...
Airbus delivers three times more aircraft than Boeing’s...
- Apr 08, 2022
Recent challenges around safety concerns and impact of Coronavirus have resulted in American aircraft manufacturer Boeing losing ground to Airbus....
Emerging markets, including India, shrug off adverse impact...
- Mar 28, 2022
The long-anticipated interest rate hike by the Federal Reserve System (US Fed) finally happened this month. In mid-March, the US central bank...
Ten richest Russians lose over $45 billion of net worth in...
- Mar 25, 2022
The impact of Russia’s invasion of Ukraine is now reflecting in the net worth of the country's elite businesspeople known to control vast fortunes....
Asian nations, especially China & India, find ways to...
- Mar 23, 2022
Millions of barrels of Russian oil are still finding a way to buyers almost a month after the country first invaded Ukraine. This has tempered...
Will banning Russia from SWIFT payment system really impact...
- Mar 01, 2022
The US, the European Union (EU) and their other Western allies have decided to disconnect Russia from the SWIFT global payment system. This is an...
Sanctions-hit Russian economy may gradually crumble, note...
- Feb 26, 2022
Russia has spent the past seven years building up formidable financial defences. Yet in the long run, its economy is unlikely to withstand the...
Higher rise in inflation set to hamper growth, caution...
- Jan 30, 2022
Persistently high inflation will haunt the world economy this year, according to a Reuters’ poll of economists who trimmed their global...
IEA warns of a volatile crude oil market in 2022 as prices...
- Jan 20, 2022
Global oil market could face another volatile year, but demand was surging higher as the sector had weathered the impact of the Omicron Coronavirus...
Over $3.2-billion suit slapped on Facebook in Britain for...
- Jan 14, 2022
Social media giant Facebook, now known as Meta Platforms, faces an over 2.3 billion pound (more than $3.2 billion) class action in Britain over...
Why Every Grocery Store needs a Mobile Application?
- Jan 12, 2022
Ever wondered why people prefer shopping online? The simple answer is ‘Convenience.’ Shopping on the web offers the comfort of buying things when...
TikTok topples Google as the most popular website of 2021:...
- Dec 27, 2021
Popular short video-sharing platform TikTok has surpassed tech giant Google as the most popular website of the year, according to a report by IT...
Retail sector the world over reinvents itself to overcome...
- Dec 23, 2021
When COVID-19 erupted 21 months ago and upended retailers around the world, it looked like just another chapter in the sad story of an industry’s...
