WORLD
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...
US Fed unveils most hawkish policy, doubles pace of scaling...
- Dec 17, 2021
Federal Reserve officials have intensified their battle against the hottest inflation in a generation by shifting to end their asset-buying programme...
UK’s COVID norms deeply impact low-paid and migrant...
- Dec 12, 2021
The latest directive from the UK government that people should work from home has led to concerns about the impact on businesses in the run up to...
Tesla chief Musk mulls “quitting jobs and becoming an...
- Dec 10, 2021
Tesla Chief Executive Officer (CEO) Elon Musk is “thinking of” leaving his jobs and becoming an influencer. The world’s richest man tweeted on...
For the first time ever, India set to release 5 million...
- Nov 24, 2021
India planned to release about 5 million barrels of crude oil from its emergency stockpile in tandem with the US, Japan and other major economies to...
Global IPO mop-up hits record in 2021 and fans fear of a...
- Nov 21, 2021
Global initial public offers (IPOs) have smashed their previous record this year, propelled by a blank-check boom and companies cashing in on high...
US junks Intel’s plan to raise chip production in China...
- Nov 13, 2021
The Biden administration on Saturday spurned a plan by Intel Corp to increase production in China over security concerns. This has dealt a setback to...
GE to split into three companies, with each focused on...
- Nov 09, 2021
General Electric (GE), the storied American company, will divide itself into three public companies focused on aviation, healthcare and energy. The...
Investors fear Chinese realty company Kaisa Group turning...
- Nov 07, 2021
After China’s property giant Evergrande Group faced a debt repayment deadline, another real estate developer Kaisa Group is at risk of default,...
Saudi rolls out the red carpet for investors in quest to...
- Nov 02, 2021
Upon arrival at Dubai’s international airport, travellers can pick up a free guide to the city’s top attractions and events. Curiously, the cover...
G20 leaders approve historic, global minimum tax regime
- Oct 31, 2021
G20 leaders had formally endorsed the global agreement for a minimum of 15 per cent corporate tax, US Treasury Secretary Janet Yellen said on...
A fraction of billionaires’ net worth can save 42 million...
- Oct 28, 2021
Billionaires needed to step up on a one-time basis, said the director of the United Nations’ World Food Programme (WFP) David Beasley in an...
A year after Jack Ma’s critical speech & govt crackdown,...
- Oct 26, 2021
Few people could have predicted the downward spiral for Alibaba Group Holding, when founder Jack Ma delivered a blunt criticism of China’s...
Companies warn about costly everyday items amid supply...
- Oct 23, 2021
Consumers around the world are about to get socked with even higher prices on everyday items. This dire warning comes from diverse companies, ranging...
India expects consistent climate financing at upcoming...
- Oct 21, 2021
India will be looking for promises on consistent and predictable climate finance as it goes in with “full commitment” to the UK-hosted COP26...
Three US-based economists win Nobel Prize for societal...
- Oct 11, 2021
A US-based economist won the Nobel Prize for economics on Monday for pioneering research that showed that an increase in minimum wage did not lead to...
Evergrande debt payment deadline ends; investors fear of...
- Sep 24, 2021
Evergrande inched closer on Friday to potential default that investors feared as an interest deadline expired without any announcement from the...
World Bank stops publishing Doing Business report after...
- Sep 17, 2021
The World Bank Group has decided to discontinue publication of its Doing Business report on country investment climates, following allegations of...
Goldman Sachs to acquire Dutch insurer’s investment bank...
- Aug 19, 2021
The NN Group said on Thursday that Goldman Sachs would buy NNIP, the Dutch insurer’s investment arm, for 1.7 billion euros ($1.98 billion). This is...
Google unveils differential pay for employees working...
- Aug 10, 2021
Google’s employees based in the same office before the pandemic could see different changes in pay, if they switch to working from home...
PepsiCo to offload Tropicana, other juice brands to French...
- Aug 03, 2021
PepsiCo has unveiled a $3.3-billion sale of its Tropicana and other juice brands in North America to French private equity (PE) firm PAI Partners....
US’ April-June 2021 quarter GDP grows by 6.5%, 2021...
- Jul 29, 2021
Fuelled by vaccinations and government aid, the US economy grew at a strong 6.5 per cent annual rate last quarter in another sign that the nation has...
China’s big data companies listing abroad face stiff...
- Jul 10, 2021
China’s cyberspace regulator said on Saturday that any company with data of more than 1 million users must undergo a security review before listing...
World Wide Web’s source code, scripted by Tim...
- Jul 01, 2021
A Blockchain-based token representing the original source code for the World Wide Web written by its inventor Tim Berners-Lee sold for $5.4 million...
Anti-virus solutions founder John McAfee found dead in...
- Jun 24, 2021
John David McAfee, the founder of the antivirus software-maker bearing his name, died in a prison in Spain on Wednesday, after a Spanish court said...
Warren Buffet donates $4.1 billion of Berkshire stock to...
- Jun 23, 2021
Warren Buffett on Wednesday delivered another $4.1 billion worth of Berkshire Hathaway stock to philanthropy by donating it to the Bill and Melinda...
VC funds invest a record $17 billion in cryptocurrency...
- Jun 20, 2021
Venture capital (VC) funds have poured $17 billion into companies that operate in the cryptocurrency space this year, according to data provider...
El Salvador becomes world’s first country to make Bitcoin...
- Jun 09, 2021
El Salvador President Nayib Bukele has said that the nation has adopted Bitcoin as legal tender, a step he believes will create jobs and promote...
World Bank clears $500-million programme to support...
- Jun 08, 2021
The World Bank has approved a $500-million programme called Raising and Accelerating Micro, Small and Medium Enterprise Performance (RAMP) to further...
French antitrust body fines Google, gets US company to...
- Jun 07, 2021
Alphabet’s Google agreed to make changes to some of its widely-used online advertising services under an unprecedented settlement with France’s...
G7 nations agree to tax multinational companies at a...
- Jun 05, 2021
The US, Britain and other leading nations reached a landmark deal on Saturday to pursue higher global taxation on multinational businesses, such as...
ILO flags rising unemployment crisis, projects 220 million...
- Jun 02, 2021
At least 220 million people are expected to remain unemployed globally this year, well above pre-pandemic levels, with a weak labour market recovery...
HSBC exits US retail market, to focus on wealth management...
- May 28, 2021
HSBC Holdings has exited its US domestic mass market retail banking business, agreeing to sell 90 branches. With this decision, Europe’s biggest...
Amazon to acquire MGM studios for $8.45 billion, deal to...
- May 27, 2021
Amazon has agreed to buy the storied MGM studios for $8.45 billion, the companies have said. The deal gives US technology giant a vast library to...
Copper hits record $10,440 a tonne in London, global shift...
- May 08, 2021
Copper soared this week to an all-time high, continuing a sizzling rally that has seen prices double in the past year. Copper futures rose as high as...
Hybrid work week to be the norm at Google, 20% of Googlers...
- May 06, 2021
Google will move to a hybrid work week, where most Googlers spend approximately three days in the office and two days “wherever they work best”,...
Bill and Melinda Gates announce their divorce, plan to work...
- May 04, 2021
Bill Gates, the Microsoft co-founder, and his wife Melinda Gates have filed for divorce after 27 years of marriage. The billionaire benefactors, who...
Tesla comes under attack in China as its customer’s...
- Apr 22, 2021
Tesla came under increased pressure in China on Wednesday from regulators and State media after Monday’s protest by a disgruntled customer at the...
Data of 500 million LinkedIn users leaked and being sold...
- Apr 09, 2021
Microsoft-owned professional networking platform LinkedIn has faced a massive data leak of 500 million users that is allegedly being sold online....
OPEC+ agrees to ease oil output cuts, decides to add 2...
- Apr 03, 2021
The Organization of Petroleum Exporting Countries (OPEC) oil cartel and allied countries – together called OPEC+ – have decided gradually to...
Biden announces $2-trillion infrastructure plan, calls it...
- Apr 02, 2021
US President Joe Biden has unveiled a $2-trillion infrastructure plan, aimed at modernising America’s crumbling transport network, creating...
Australian Parliament passes media laws, Google, Facebook...
- Feb 25, 2021
Australia’s laws forcing Google and Facebook to pay for news are ready to take effect. However, the architect of the laws has said that it...
Jeff Bezos to step down as Amazon CEO, handing over the...
- Feb 04, 2021
Jeff Bezos will step down as chief executive officer (CEO) of Amazon later this year. The transition, slated for the third quarter of 2021, will make...
NYSE’s flip-flop on delisting Chinese cos
- Jan 27, 2021
New York Stock Exchange (NYSE) recently said that it would delist three Chinese telecom companies – China Mobile, China Telecom Corp and China...
Yellen first woman Treasury Secretary
- Jan 27, 2021
The US Senate has voted overwhelmingly to confirm economist Janet Yellen as US Treasury Secretary. Analysts note that Ms Yellen, the former...
China’s tough action against Alibaba Group, a warning to...
- Jan 20, 2021
Billionaire, Chinese tycoon Jack Ma is back. The Alibaba Group founder made an appearance in public recently after being unseen for over three...
UK, EU reach post-Brexit deal
- Dec 31, 2020
The UK and the European Union (EU) struck a hard-fought trade agreement late last December. The deal, which must be ratified by the British and...
Global debt to hit $200 trillion
- Dec 31, 2020
Global debt is set to reach $200 trillion, or 265 per cent of the world’s annual economic output, by the end of the year, S&P Global has...
Salesforce to snap up Slack
- Dec 31, 2020
Business software pioneer Salesforce.com is buying work-chatting service Slack for $27.7 billion. The deal is aimed at giving the two companies a...
Sanjiv Kataria new Bata chief
- Dec 31, 2020
Sandeep Kataria has been named the chief executive officer of Bata Shoe Organization. Mr Kataria is the first Indian to be appointed as the head of...
Trump signs COVID aid law
- Dec 31, 2020
US President Donald Trump has signed into law a massive $2.3-trillion spending Bill that includes a $900-billion Coronavirus relief package....
Pierre Cardin passes away
- Dec 29, 2020
Iconic French designer Pierre Cardin, who was hailed for his avant-garde styles in the 1960s and 70s, has died at the age of 98, according to...
S&P Global to buy IHS Markit
- Dec 29, 2020
S&P Global has agreed to buy analytics group IHS Markit in a $44-billion deal that will create a data and information powerhouse able to...
