Business Live News Content

A tornado hit an Oklahoma newsroom built in the 1920s. The damage isn't stopping the presses

A weekly newspaper in a rural Oklahoma community was at the center of a path of destruction. But the damage isn't stopping the Sulphur Times-Democrat from getting out its next issue as Oklahoma recovers from severe weather that killed four people across the state on April 28. The most extensive ...

HSBC facing backlash over ‘vague’ $1trillion green plans

HSBC is facing a backlash over its "vague" $1trillion green plans today as it prepares to face down shareholders at its annual general meeting.

Adi & Nadir Godrej make open offer for Astec stake

Adi and Nadir Godrej-led family group offers to buy 26% of Astec Lifesciences at Rs 1,070 per share, triggering an open offer due to a change in shareholding, part of a larger settlement arrangement within the Godrej family.

From Melbourne to Costa Rica

Investors went to meet the people who claimed to be trading their money online through an all expenses paid trip last October. Source: Brad Kamieniarz

Trial over cancer claims made against heartburn drug Zantac begins in Cook County

The changing picture of disease — living longer may not mean living healthier

Caseloads of cancer and other illnesses of ageing are forecast to rise steeply in lower income countries

Macquarie bosses take pay cuts as profits fall

Many of the investment behemoth’s top executives, including CEO Shemara Wikramanayake, have had their pay cut by millions of dollars as green investments and lower commodity prices weighed on fiscal 2024 profits.

The history of rail suggests renationalisation will make little difference

Britain has never cracked the formula for cheap, efficient, reliable rail, so what makes Labour think renationalisation is the answer?

Don’t tell Sid! Government’s Natwest sale could be ‘dangerous’, says FTSE 250 chief

The government’s plan to offload its remaining stake in Natwest could be “dangerous” and lead to a flood of retail investors ramping up their exposure to a single stock, the chief of a FTSE 250 wealth manager has warned.

Bay Area tech giants reveal absurd CEO pay packages

Several executives made hundreds of times more money than most of their workers.

Ratch banking on new Indonesia plants

SET-listed Ratch Group, the power generation arm of Electricity Generating Authority of Thailand, expects positive business prospects for its coal-fired thermal power plants in Indonesia after acquiring them from Mitsui & Co for US$590 million.

US jobs report for April will likely point to a slower but still-strong pace of hiring

The American economy likely delivered another solid hiring gain in April, showing continuing durability in the face of the highest interest rates in two decades. The Labor Department is expected to report that employers added a healthy 233,000 jobs last month, down from a sizzling 303,000 ...

Ahead Of Q4 Results, IndiGo Announces Special Bonus For Staff

The bonus amount will be disbursed along with the employees' May salary as an ex-gratia.

Hong Kong stocks surge as China bails out markets

Hong Kong stocks led a surge in Asian markets as China stepped-up efforts to boost the economy. ]]>

Battery vs hydrogen in the race to zero emissions

Automotive leaders' current focus on battery electric vehicles (BEVs) and hydrogen internal combustion engine vehicles (HICEVs) might seem like the main event. However, it's merely the opening act of a much grander arena: the fight against climate change.

US regulator’s Opec collusion claim sets off tremor in oil patch

CEOs weighing mergers may think twice after FTC bars industry veteran from Exxon’s board

A force of nature with a wry smile: Lang Walker remembered

Billionaire and philanthropist Lang Walker was remembered as a transformative force in Australia’s urban landscape at a memorial service at Sydney Town hall on Friday.

Non-financial misconduct: Will the FCA take a leaf out of the legal regulator’s book?

All eyes are on the FCA's non-financial misconduct rules, but they may be a copy of the legal regulator rules, which is notorious for being strict

Lucy Frazer demands speedy resolution to Telegraph saga

Culture secretary says UK ‘not stopping’ foreign investment as she defends blocking sale to Abu Dhabi-backed company

Aadhar Housing Finance IPO Opens On May 8: Check Issue Size, Price Band And Other Details

Aadhar Housing Finance IPO: For the purposes of the Offer, the designated stock exchange shall be NSE.

Tether posts record Q1 profits as USDT keeps growing

The second quarter of 2024 has been off to a rocky start for crypto. Currently, down around 20% from Bitcoin’s $73,700 high, the market has been hurting from threats of world war three, sustained US inflation and what seems like an onslaught of attacks from the US government. One crypto ...

These Adani group companies have received show-cause notices from Sebi; here’s why

Six companies belonging to the Adani Group in Mumbai have been issued show-cause notices by Sebi for suspected breaches related to transactions with related parties and failure to comply with listing rules. The notices were issued following Sebi's investigation into allegations made by US-based ...

Future of Healthcare

An FT special report looking at changes in healthcare, treatments and illness itself

New medicine could prevent disease before it begins — but at a cost

For stretched public health budgets, high-tech treatments are hard to afford but some pre-emptive measures can prove good value

Man found guilty of murder in 2020 fatal shooting of Missouri officer

A man charged with killing a St. Louis police officer in 2020 has been found guilty of murder. The St. Louis Post-Dispatch reported that a jury convicted 46-year-old Thomas Kinworthy of murder and eight other charges in the fatal shooting of 29-year-old Officer Tamarris Bohannon. The officer ...

GIP and CPP near $5bn deal for utility group Allete

Infrastructure groups have invested heavily in shifting power companies to lower-carbon production

Easyjet questions viability of Gatwick’s £2.2bn second runway plans

Easyjet has raised major concerns over hub's £2.2bn plans for a second runway, the UK's Planning Inspectorate heard in a hearing on Thursday.

As China's Xi Jinping visits Europe, Ukraine, trade and investment are likely to top the agenda

Ukraine, trade and investment are expected to dominate Chinese leader Xi Jinping's first trip to Europe in five years, which starts in France on Monday. Last year, on a visit to Beijing, French President Emmanuel Macron courted controversy by saying France would not necessarily always align ...

Sanctions and a hobbled economy pull the rug out from under Iran's traditional carpet weavers

The historic Kashan bazaar in central Iran once sat on a major caravan route, its silk carpets known the world over. But for the weavers trying to sell their rugs under its ancient arches, their world has only unraveled since the collapse of Iran’s nuclear deal with world powers and wider ...

97.76% Of Rs 2,000 Banknotes Returned, Says RBI Status Report

It must be noted that the Rs 2000 banknotes continue to be legal tender.

Post Office 'saw postmasters as enemies'

A former top lawyer at the postal group admitted its security team took an "adversarial" approach

Calif. carmaker Fisker, once worth $2.9 billion, warns of looming bankruptcy

His last car venture went bankrupt. Over a billion dollars later, he’s close again.

Adani Ent gets 2 Sebi notices over related party deals

Adani Enterprises under Sebi scrutiny for alleged non-compliance and governance issues. Market value fell due to Hindenburg Research allegations. SC directed Sebi investigation, leading to a 39% Q4 profit decline from airport dues and mining losses.

IHG: Holiday Inn owner posts rise in revenue driven by growth in Europe and Asia

Holiday Inn owner InterContinental Hotels Group (IHG) has reported an increase in revenue as the tailwinds that turbocharged its profits last year roll over into 2024.

Global Citizen NOW urges investment in Sub-Saharan Africa and youth outreach

Global Citizen NOW says it wants 2024 conference attendees to invest long-term in the African continent's fast-growing youth population and increase outreach to young changemakers. Global Citizen CEO Hugh Evans says he finds that conflicts around the world have made it even more important for ...

Stock market today: BSE Sensex surges over 400 points to cross 75,000; Nifty50 above 22,750

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, surged in trade on Friday. While BSE Sensex rose over 400 points to cross the 75,000 mark, Nifty50 was above 22,750.

Force Gurkha 5-Door Launched At Rs 18 lakh; Check Design, Features And Other Details

The updated Force Gurkha 5-Door and 3-door variant  houses a 2.6-litre diesel engine producing 140 PS of power and 320 Nm of torque.   

Botched launch of UK’s largest indoor arena hits bum note for Manchester

Series of failed attempts at opening £365mn venue amid cancellations, confusion, safety concerns and resignations

Berkshire after Buffett: prized energy business faces upheaval

It is no longer clear the sprawling business remains in the group’s sweet spot as global warming reorders industry

FSSAI To Launch Quality Check Of Food Items Like Dairy Products, Spices, Fortified Rice

According to sources, the Food Safety and Standards Authority of India (FSSAI) is planning surveillance on food items like fruit and vegetables, salmonella in fish products; spice and culinary herbs; fortified rice; and milk and milk products.

AirAsia spreads its wings with launch of Cambodian carrier

AirAsia is banking on tourism growth within Southeast Asia to establish its latest airline -- AirAsia Cambodia -- with inaugural flights getting underway on Thursday.

Blank Street offers hundreds of free matchas to inspire workplace wellness

Matcha has been gaining popularity as a wellness trend lately, and you might be curious about the buzz surrounding this green powder.

Apple reports biggest drop in iPhone sales since early months of pandemic - and reveals AI plans

Tech giant Apple has recorded the biggest drop in iPhone sales since the early months of the COVID pandemic.

Comcast blacks out 15 regional sports networks in contract dispute with distributor

Comcast has blacked out 15 regional sports networks offered by Bally Sports, escalating a contract dispute with their distributor. The cutoff that began Wednesday affects games played by a dozen Major League Baseball teams based in nine states. Diamond Sports Group, which distributes the ...

Beauty billionaires pass the baton

Plus, ex-SocGen employee posts through derivatives trading incident and more questions about succession in Berkshire’s insurance arm

Fuel consumption drops by 2.6% in Q1

Fuel consumption in the first quarter of this year dropped 2.6 % to 156.7 million litres per day (MLD) due to the retirement period of capped price policy, according to the Department of Energy Business (DOEB).

TikTok ban will accelerate the ‘splinternet’

Other apps could be in the firing line if US lawmakers carry out their threat

‘Not for the faint-hearted’: Jetstar boss on the high-stakes battle for Australia’s skies

There’s a cruel irony to Australia’s newest low-cost airline scrambling to get out of voluntary administration while the country’s oldest celebrates its 20th birthday.

Headline CPI up 0.19%

Thailand's headline consumer price index (CPI) rose 0.19% in April from a year earlier, versus a 0.47% year-on-year drop the previous month, the Commerce Ministry said on Friday.

Berkshire Hathaway board feels sure Greg Abel is the man to eventually replace Warren Buffett

Everyone knows Warren Buffett’s successor won’t be able to match the legendary investor. But Berkshire Hathaway’s board remains confident Greg Abel is the right guy to one day lead the conglomerate into the future. Longtime Berkshire board member Ron Olson told investors gathered Thursday ...

Can you afford to retire early?

For many, escaping the 9 to 5 is an alluring proposal. But how can you ensure you don’t run out of money — or get bored?

AI iPhones could liven up Apple sales

By shifting its mix of businesses to services, the tech company has kept margins expanding even as sales dip 

News24 Business | Glencore weighs making a bid for Anglo American - report

Glencore is evaluating a potential bid for Anglo American, a move that could set up a takeover battle with BHP Group for the mining company, Reuters reported, citing people it didn’t identify.

LIC Claims Settlement Procedure: 8 Key Things You Want To Know About Maturity Claims

Here Are The Key Points Regarding The Procedure For Settlement Of Lic Maturity Claims

Apple shares surge 6 per cent on earnings report and historic $110 billion buyback 

Apple's stock surged by over 6 per cent in after-hours trading on Thursday after the tech giant surpassed analysts' subdued expectations for quarterly revenue and announced the largest share buyback program in US history.

Could raising ‘too much’ investment harm your start-up? 

Most entrepreneurs have a long to-do list whenever they start a new business — and ‘secure funding’ is usually added towards the top.  But what are the most important things to consider once you’ve actually secured the investment, and is it possible to raise “too much?”  While ...

SK Finance Limited Files DRHP With SEBI For IPO: Key Points To Note

SK Finance Limited is a non-deposit taking non-banking finance company middle layer registered with the Reserve Bank of India.

FTSE 100 today: London shares set to open higher, following global tech-driven rally

Asian stocks surged today, buoyed by Wall Street's tech-driven rally. Apple's record buyback plan lifted its shares, while the yen strengthened and oil prices rose. Labour also made gains in local elections. Attention now turns to the US non-farm payrolls report for economic cues.

Send us Patriots: Ukraine's battered energy plants seek air defenses against Russian attacks

Ukrainian energy workers are struggling to repair the damage from intensifying airstrikes aimed at pulverizing Ukraine’s energy grid. They worry they will lose the race to prepare for winter unless allies come up with air-defense systems to stop Russian missiles from reaching their targets. ...

US Antitrust Cases Against Big Tech, Explained

As the Justice Department’s case against Google nears an end, the federal government has more suits in the pipeline trying to rein in Big Tech.

Who Is This Prisoner? Has Whopping Net Worth Of $43 Billion: 10 Things About This Former CEO

Changpeng Zhao, the founder and ex-CEO of Binance, has a net worth of around $43 billion.

Apple shows its steepest quarterly decline in iPhone sales since pandemic's outset

The 10% drop in year-over-year iPhone sales for the January-March period is latest sign of weakness in a product that generates most of Apple's revenue.

Weight loss drug wins 25,000 new US users a week

Novo Nordisk is under pressure to cut US prices of its weight loss drug, as demand soars.

Kilwins owner named Illinois Small Business Person of the Year by SBA

SEBI makes nomination optional for joint mutual fund accounts; check details

SEBI altered mutual fund nomination rules. Failure to nominate or opt-out by June 30, 2024, will freeze folios. Visit NSDL website for demat account nominations. Complete Aadhaar e-Sign for verification.

BMW M4 Competition Facelift Launched; Check What's New

The BMW M4 Competition is powered by a twin-turbocharged 3.0-litre, straight-six petrol engine,  delivering an impressive 530hp and 650Nm of torque.   

Sensex Tumbles 700 Points Amid Broad-based Selloff; Nifty Slips From Record High

Heavy selling pressure in Reliance Industries, L&T and HDFC bank counters also pulled indices down, traders said.

The federal government is set to release a new snapshot of U.S. employment

The Labor Department reports Friday morning on April job gains and the monthly unemployment report. Job growth accelerated in the first three months of the year.

Future: Publishing giant poaches ITV veteran to be new finance chief

Publishing giant Future has poached ITV veteran Sharjeel Suleman to be its new chief financial officer as the firm looks to rebound from a slump in profit last year.

Live Updates: The April Jobs Report

Economists expect the data to show that the economy added 240,000 jobs in April, another strong month for job creation.

UK economy continues recovery as services sector hits highest level of growth in a year

The UK services sector saw a spike in new orders in April but cost pressures also increased at the fastest rate since August.

Calls to Divest From Israel Put Students and Donors on Collision Course

To get protesters off campus lawns, Brown University and others have agreed to consider ending investments linked to Israel. But how?

Former Lord Mayor William Russell elected chair of Barbican Centre Board

Former Lord Mayor of the City of London William Russell has been elected chair of the City of London Corporation’s Barbican Centre Board.

Stock market today: Asian shares advance ahead of US jobs report

Asian shares are mostly higher ahead of a report on the U.S. jobs market. Several markets, including Tokyo and Shanghai, were closed for holidays. Oil prices and U.S. futures were higher. The Japanese yen strengthened slightly against the U.S. dollar amid signs of heavy central bank ...

UK government’s climate action plan is unlawful, High Court rules

Judgment upholds four of five grounds for legal challenge brought by campaign groups against net zero strategy

King Charles' longtime charity celebrates new name and U.S. expansion at New York gala

The King’s Trust has celebrated its new name, an update of King Charles III’s long-running charity The Prince’s Trust. The organization marked the expansion of its work in the United States with a star-studded gala in New York City on Thursday night. The Prince’s Trust was founded ...

Some video game workers aim to unionize to push for better working conditions

The pressure on video game workers has intensified. They work long hours, face mounting layoffs and the games they make are more complex. Some employees call it a "passion tax" that must be addressed.

Guinness-maker Diageo poaches Coca-Cola bottler finance chief as Crew looks to revive sales

Diageo has poached a new chief financial officer from the world’s largest Coca-Cola bottler today as chief executive Debra Crew pushes ahead with plans to revive the drinks giant's flagging sales.

Why Google Employees Aren’t Reacting to US Antitrust Trial

They shrugged off concerns about the company’s fate ahead of closing arguments in the Justice Department’s lawsuit this week.

Ex-Post Office lawyer Jarnail Singh denies cover up

The senior lawyer was involved in the prosecution of sub-postmistress Seema Misra in 2010.

Latest Punjab National Bank FD interest rates: Fixed deposit rates revised - check full list

PNB updated FD rates under Rs 2 crore, effective April 12, 2024, for regular citizens with slight decreases. Special rates for senior citizens, excluding NRO deposits, commemorate PNB's foundation day.

‘From one to 150 hotels in 25 years & on track to have 250 in India soon:’ Marriott Intl’s Ranju Alex

Labour claims victory in Blackpool South by-election in bruising night for Tories

Tory deputy chair Angela Richardson told the BBC: “The result was not unexpected. I think, given the circumstances that caused the by-election in the first place, it was always going to be difficult for the Conservatives.”

At crooked Chicago bank, Washington Federal Bank for Savings CFO blew the whistle, but no one did a thing

Anglo American shares surge as Glencore reportedly mulls a takeover

Shares in Anglo American have shot to the top of the FTSE 100 this morning after reports that rival Glencore was mulling a potential bid for the firm.

Trainline doubles profit as sales in Europe accelerate

New ticket sales rose 22 per cent to £5.3bn up from £4.3bn in 2023 due to strong European demand and an ease in the impact of UK rail strikes.

Tesla layoffs: 'Very hard to... ', woman pens down emotional post after Elon Musk's company fires her

Bisma Rehman lost her Tesla job as Interoperability Lead, praising her team's dedication. Elon Musk announced cost reduction in an internal email, leading to layoffs at Tesla.

Worry for economy as public sector productivity falls further

Official figures have raised fears of a deepening public sector drag on the the UK's economic recovery from recession.

Sony Pictures and private equity firm interested in buying Paramount for $26 billion, source says

Sony Pictures and the private equity firm Apollo Global Management have expressed interest in buying Paramount Global for $26 billion, according to a person familiar with the details.…

The big banks still backing coal

Also in today’s newsletter, the upside to Italy’s Enel missing its climate target

Srettha plays down industry chief's resignation

Prime Minister Srettha Thavisin has downplayed the decision by Jullapong Thaveesri to resign as head of the Department of Industrial Works amid mounting pressure following a series of incidents involving hazardous materials, which have drawn criticism from the government leader.

Morning news brief

President Biden addresses pro-Palestinian protests. Monopoly trial between DOJ and Google is wrapping up. Protesters in the Caucasus nation of Georgia say Russia-style draft law will hurt free speech.

EP: 269 Newmarket & Hong Kong

The first two classics of the season take place this weekend as Newmarket hosts both the 1000 and 2000 Guineas. Saturday sees the return of the unbeaten City Of Troy as he embarks on his 3-year-old career over a mile for trainer Aidan O’Brien where he will be sent off the hot favourite.  ...

UK forecast for slowest growth of richest nations next year

The UK economy will remain “sluggish” due to the impact of interest rate rises, the OECD says.

FCA chiefs summoned for Westminster grilling over ‘name and shame’ plans

The grilling will be the latest in a series of skirmishes between the regulator and Westminster after Chancellor Jeremy Hunt waded into the debate this week, urging the FCA to “re-look” at the measures.

What to Watch Today in the April Jobs Report

Economists expect another strong month for job creation, even as other indicators of labor demand weaken.

Turkey suspends trade with Israel until permanent ceasefire

Turkey's trade halt with Israel will continue until a permanent ceasefire in Gaza is secured as well as unhindered humanitarian aid flow to the region, Turkish Trade Minister Omer Bolat said on Friday.

The strange new economy of all-you-can-eat buffets

Red Lobster is in trouble but luxury feasts with unlimited steak and champagne are thriving

Smiggle creates over 100 UK jobs as sales and profits edge up

Smiggle created more than 100 jobs as its UK revenue and profits edged up during its latest financial year, it has been revealed.

Beating inflation: How do Europe and the US compare?

Inflation rates on both sides of the Atlantic are proving to be stickier in 2024 than many central bankers expected. Interest rate cuts are off the table for now amid wider economic concerns.

Tremblant conversion marks growing hedge fund interest in ETFs

The ETF version of its long-only Tremblant Tax Efficient Fund strategy will have lower fees and taxes

Raymond Re-appoints Gautam Singhania As MD Amid Divorce Settlement Dispute

Despite the controversy, Raymond Ltd. emphasised Gautam Singhania's accomplishments and leadership skills in the regulatory filing that announced his re-appointment.

Western banks have no excuse for funding Putin’s war machine

Some of the world’s biggest banks are now generating far more money in Russia than they were before the war started. It is shameful.

Bajaj Pulsar NS400Z Launched At Rs 1.85 Lakh; Check Specifications, Features, And Other Details

The Bajaj Pulsar NS400Z is powered with a 373cc liquid-cooled single-cylinder engine, delivering a 40hp at 8,800rpm and 35Nm of torque at 6,500rpm.   

What Will Warren Buffett Bet on Next?

Berkshire Hathaway shareholders will gather in Omaha for the conglomerate’s annual meeting on Saturday, with questions about the company’s future.

A judge hears closing arguments in an anti-trust case against Google

Closing arguments have begun in the Justice Department's antitrust case against Google. At issue is whether Google has illegally monopolized the search engine market.

Yen recovers to 152 range against dollar in Asian trading

The yen appreciated to the upper 152 range against the U.S. dollar on Friday in Asian trading, reaching that level for the first time in nearly three weeks,…

City private equity house Pollen Street reports strong demand for its private funds

City private equity house Pollen Street said it was on track to raise a €1bn deals warchest today as it  bumped up its assets under management in the first three months of the year.

Championship final-day permutations: Ipswich, Leeds, play-offs, relegation and a £290m prize

How it stands and who needs what on a nervy final day when hundreds of millions of pounds will be on the line.

Diageo names new finance chief following turbulent period

Spirits group hires Coca-Cola bottler CFO to replace Lavanya Chandrashekar after three years in the role

Discounted oil: Russia's share in India's crude imports rises to 40% in April

India's crude imports in April surged as Russian share hit 40%, near the peak. Refiners sought discounted Russian oil to manage costs. Urals crude was preferred, and private refiners like Nayara Energy increased Russian imports.

Frasers boss Mike Ashley drops £50m lawsuit against Morgan Stanley

Mike Ashley has dropped his £50m lawsuit against US bank Morgan Stanley, after nearly three month since the trial concluded

Apple sets revenue records in India! CEO Tim Cook says ‘it’s an incredibly exciting market’

Apple achieved its highest revenue ever in India during the quarter ending in March 2024, surpassing analyst predictions. Luca Maestri, the chief financial officer of Apple, mentioned that the company achieved a record revenue in India and other emerging markets over a six-month period.

MRF, India’s highest-priced stock, announces Rs 194 dividend; check details

MRF Limited's FY 2023-24 final dividend of Rs 194 per share is 1940% of face value. Standalone profit dropped 8% QoQ, while revenue increased 8.50% YoY to Rs 6,215 crore.

Oil Companies Expand Offshore Drilling, Pointing to Energy Needs

Shell and others say they plan to drill for oil and gas in the Gulf of Mexico in part because doing so releases fewer greenhouse gases than drilling on land.

AI healthcare firm Cera forecast to save NHS £1bn per year by 2026

Artificial intelligence (AI) driven home healthcare firm Cera is set to save the NHS up to £1bn per year via preventative care technology. Cera, founded in 2016 by London based doctor Ben Maruthappu, uses AI technology to reduce unnecessary hospitalisations and ease the burden on the buckling ...

News24 Business | Mondi still upbeat about its growth despite DS Smith setback

JSE-listed packaging and paper producer Mondi said on Friday its still upbeat after losing out a chance to take over rival DS Smith, buoyed by an improving order book as well as other acquisition opportunities in the market.

Acquisition helps sales grow at cereal giant Weetabix

The acquisition of a cereal maker on the border between England and Wales helped sales at Weetabix increase by almost 10 per cent, it has been revealed.

Adani Green Reports 30 Pc EBITDA Growth In FY24, Revises Target To 50 GW For 2030

The run-rate EBITDA stood at Rs 10,462 crore, with net debt to run-rate EBITDA at 4 times (as of March 2024) compared to 5.4 times last year.

News24 Business | Kenya floods death toll tops 200 as cyclone approaches

The death toll from flood-related incidents in Kenya has crossed 200 since March, the interior ministry said as a cyclone barrelled towards the Tanzanian coast.

Nippon Steel delays closing of acquisition of US Steel until late this year after US DOJ request

Nippon Steel says it has postponed the expected closing of its $14.1 billion takeover of U.S. Steel by three months after the U.S. Department of Justice requested more documentation related to the deal. In a release, Tokyo-based Nippon Steel said it was cooperating with the request and the ...

News24 Business | OPINION | Climate crisis 'pressure pot' prompts insurers to rethink risk strategies

Globally, weather-related events are threatening to cause an insurance crisis; in South Africa, insurers are bracing for impact, writes Ronald Richman.

Sensex Plunges 900 Points In Broad-based Selling

Sensex is trading at 73,671 points went down by 939 points. Sensex is now below the 74k mark.

Media secretary demands updates into Redbird IMI’s Telegraph sale

Earlier this week, Abu Dhabi-backed investment fund Redbird IMI formally withdrew its offer for the Telegraph and launched a sale of it.

SocGen’s quarterly profit falls 22%

French bank offset weak fixed income trading revenues with better performance elsewhere in investment bank

FT North America Innovative Lawyers 2024 open for submissions

Shortlisted entries will appear in our report in December, alongside our ranking of the most innovative law firms

BIS: Basel regime a "useful construct"

Agustin Carstens, general manager of the Bank for International Settlements, reiterated the effectiveness of the Basel regime -More- 

2025 US Gulf offshore oil, gas lease sale risks delay

During a Senate hearing Thursday, Acting Interior Deputy Secretary Laura Daniels-Davis hinted at a possible delay for the sin -More- 

John Cleese: Fawlty Towers goose-stepping scenes will amuse young audiences

John Cleese discusses Fawlty Towers as it prepares to launch in the West End

Freshfields boosts pay for newly qualified lawyers to £150,000

‘Magic circle’ law firm raises stakes in the legal battle for talent in London

The Perils of the Fed’s Vast Bond Holdings

The Federal Reserve is shedding assets at a glacial pace, exposing the financial system to continuing risks, our columnist says.

Sage pushes forward with pioneering geothermal facility

Sage Geosystems is targeting a December launch for its 3-megawatt geopressured geothermal system facility in Texas, set to be -More- 

News24 Business | Coronation, NinetyOne prefer 'all-in' Anglo American buyout

Chief investment officer (CIO) Karl Leinberger says BHP's proposed bid to buy out Anglo American's non-SA assets is less attractive than an all-in purchase.

HSBC scraps bonus cap for hundreds of top bankers after tense annual meeting

HSBC shareholders have waved through the lender's proposal to set a new cap on bonuses, paving the way for it to hand massive payouts to hundreds of its top bankers, following a tense annual meeting dominated by questions over its pension policy and green finance.

Bird flu outbreak in US cattle sparks fears over next global health crisis

While pandemic risk is low, scientists say urgent investigations into the virus are necessary

Tiny tweaks to your thinking can lead to innovation

The incremental nature of innovation is more about the way you communicate with yourself than the product or strategy you're  -More- 

Auditor That Works for Trump Media Charged With Fraud

Regulators said BF Borgers failed to abide by accounting rules that its public company clients are required to follow.

Industry pushes to block SEC's CAT implementation

Citadel Securities is spearheading a lawsuit, supported by SIFMA, to halt the Securities and Exchange Commission's rollout of -More- 

Shari Redstone, a media scion weighing the future of her ravaged empire

The Paramount executive must decide on whether to sell the family business and to whom

The Lex Newsletter: Chipping away at the AI stock boom

Too much has been priced in, and too fast, meaning conditions are ripe for a correction

LifeStance Health uses photography and poetry to break mental health stigmas

The campaign, for Mental Health Awareness month, aims to add nuance and understanding to mental health struggles.

Entain approaches former Coral and Sky Bet chiefs in hunt for next boss

Entain, the FTSE 100 gambling group, has been rebuffed by the former bosses of bookies Coral and Sky Bet in its hunt for a new chief executive.

Targa prioritizes Permian gas transport solutions

Targa Resources is exploring multiple options to address growing demand for natural gas transportation out of the Permian Bas -More- 

US Gulf Coast refiners grapple with heavy crude drought

US Gulf Coast refiners are facing rising costs as heavy crude oil availability in the Atlantic basin tightens due to Mexican  -More- 

Equities trading boosts Societe Generale Q1 profit

Societe Generale exceeded profit expectations for the first quarter, with equities trading revenue surpassing analyst estimat -More- 

TikTok, Facing US Ban, Tells Advertisers It Won’t Back Down

Hundreds of marketers and ad agency types flocked to TikTok’s annual sales presentation after a new law put its future in question.

Diane Benson Harrington

It's been a blast filling in for Candace on Leadership; alas, this is my last day.

SIFMA Insights: Market Metrics & Trends

In April, the S&P 500 price had a strong negative correlation with the 10-year Treasury yield at -0.81.  -More- 

Post Office’s expert gave false evidence to court

Expert suggested bug fix which would alter data without branch knowing, but told court that was impossible.

Private equity firms step up plans to edge banks out of low-risk lending

Apollo issues record $40bn of loans in the first quarter, mirroring growth at rivals including KKR and Blackstone

Broker dealers adding more options for advisor discretion

Broker dealers are increasingly allowing clients to delegate more discretion to change their accounts.  -More- 

US loosens some electric vehicle battery rules, potentially making more EVs eligible for tax credits

The U.S. government has loosened some rules governing electric vehicle tax credits a bit, potentially making more EVs eligible for credits of up to $7,500. The Treasury Department announced final regulations for the credits under the 2022 Inflation Reduction Act on Friday, giving automakers ...

Paetongtarn: Central bank independence ‘an obstacle’

Pheu Thai Party leader Paetongtarn Shinawatra said on Friday the the Bank of Thailand’s independence was an “obstacle” in resolving economic problems, the latest salvo in an ongoing row over interest rates.

News24 Business | PRIME price slash: Shoprite switches to local manufacturer

PRIME Hydration, the energy drink backed by YouTubers Logan Paul and KSI, now sells for just R10 in Shoprite’s Checkers stores as imported stock is cleared. But the retailer says this is unrelated to US lawsuits over the drink's composition.

ECB's Lane emphasizes potential cuts dependent on data

Philip Lane, chief economist of the European Central Bank, has emphasized the bank's flexible approach to monetary policy, st -More- 

Get a room: Why hotels are so hot right now

Investors, developers and management groups are lining up to join boom-time conditions in the hospitality industry.

Mike Repole, Horse Racing’s Loudest Critic, Is Kentucky Derby Favorite

The brash owner Mike Repole will take a break from tweaking horse racing’s powers when his colt Fierceness runs in the Kentucky Derby on Saturday.

Qatari sheikh sells Hyde Park mansion to fellow Royal for £39m

Transferring a luxury property between family members could be to take advantage of tax benefits or to avoid certain taxes associated with inheritance or property ownership.

TishTash launches corporate comms division

Dubai-based PR and marketing agency TishTash Communications has created a corporate communications division, called Ten by TishTash.

Turkey halts trade with Israel over Gaza 'tragedy'

Officials say the measures will be in place until Israel allows an "uninterrupted and sufficient flow" of aid.

South Korea cracks down on ‘shrinkflation’

Fines threatened for producers who cut product size without informing consumers

Post Office lawyer accused of telling 'big fat lie' to Horizon inquiry

A former top Post Office lawyer has been accused of telling the Horizon IT inquiry a "big fat lie" over his knowledge of a bug in the system that could have stopped wrongful prosecutions of sub-postmasters in their tracks.

Adani Green Energy posts Q4 adjusted profit rise on strong power sales

ICE to expand data, cloud network to meet AI demand

Intercontinental Exchange has announced its intention to develop a managed data and cloud network to cater to increasing dema -More- 

Traffic snarled as workers begin removing bridge over I-95 following truck fire in Connecticut

Workers have begun removing a bridge over a Connecticut highway that was damaged in a fiery crash involving a gasoline tanker truck. The demolition that began Friday morning is expected to keep both sides of Interstate 95 in Norwalk closed through the weekend and extend a traffic nightmare ...

Guidance outlines tax credit criteria for SAF production

The Treasury Department has issued guidance describing how refineries can claim tax credits worth ranging from $1.25 to $1.75 -More- 

Survey highlights shifts in family office landscape

A survey by JPMorgan Private Bank finds continued momentum among family offices moving into alternative investments.  -More- 

Meet Indian-Origin Business Leader Who Became One of America's Wealthiest Women And Built Rs 78,000 Crore Company

Indian-Origin business leader Neha Narkhede also made a mark as the youngest self-made woman entrepreneur in the IIFL Wealth Hurun India Rich List 2022. 

Google, Justice Department make final arguments about whether search engine is a monopoly

The government and Google are making their closing arguments in a high-stakes antitrust trial to a federal judge in Washington who must now decide whether the tech giant’s search engine constitutes an illegal monopoly. The Justice Department argued Friday that Google’s preeminence as an ...

HSBC dished out £15.1bn to shareholders last year and there’s more to come in 2024

HSBC dished out roughly $19bn (£15.1bn) to shareholders in respect of last year and expects continued strong payouts in 2024, its management has said, as Europe's biggest bank looks to weather economic uncertainity and interest rate cuts.

A judge hears closing arguments in an antitrust case against Google

A major antitrust trial over Google's search engine is coming to a close. It boils down to this point: Is Google an illegal monopoly that's pushed out rivals — or is it simply the best search engine?

Survey: Asset managers aim to shake up product strategy

A survey by Northern Trust finds that 83% of asset managers aim to make changes to their product strategy and 77% plan to lev -More- 

Colombia breaks diplomatic ties with Israel but its military relies on key Israeli-built equipment

Colombia has become the latest Latin American country to announce it will break diplomatic relations with Israel over its military campaign in Gaza. But the repercussions for the South American nation could be broader than for other countries because of longstanding bilateral agreements over ...

Panelists: Education, outreach driving options growth

While the rise of zero-day options trading has been a captivating development in the market, education and outreach on option -More- 

Hims & Hers CEO Andrew Dudum says he wants to hire student protesters; the backlash is underway

Dudum is taking heat from social media users and other tech-sector founders over the stance.

Sebi eases e-onboarding for portfolio managers

The capital markets regulator Sebi relaxed the digital onboarding process for clients of portfolio managers on Friday. This move is aimed at facilitating ease of doing business. Portfolio managers must ensure that new clients acknowledge the fee structure by using a typed or electronically ...

Toyota opens vehicle assembly factory in Cambodia

An assembly plant to produce Toyota Motor Corp vehicles has opened in the Phnom Penh Special Economic Zone. At an opening ceremony on Thursday for the factory, Cambodian…

How major US stock indexes fared Friday, 5/3/2024

Stocks closed sharply higher on Wall Street, erasing their losses for the week, after the government reported a cooldown in hiring last month. For markets that was a welcome sign that the Federal Reserve’s efforts to fight inflation by slowing the economy with high interest rates might ...

By continuing to rely on rigid resumé requirements, insider mentalities and jargon-laden lexicon, VCs are gatekeeping access to the industry and unwittingly locking-in the cycle of poor diversity.

Eleanor Kaye, executive director of Newton Venture Program, writing in Crunchbase

‘Apple logs double-digit revenue growth in India’

Apple CEO Tim Cook spoke about Apple’s growing engagement in India across retail functions and developer ecosystem as he pointed to sustainability efforts initiated by the company in water conservation. Apple is growing sales channels in the country, apart from engaging deeper with the ...

Vulture investors who bought up bankruptcy claims from FTX could see huge returns

After cryptocurrency exchange FTX filed for bankruptcy in 2022, specialized distressed asset investors started buying up the company's debt. They stand to make big profits off the remains of FTX.

Aetna agrees to settle lawsuit over fertility coverage for LGBTQ+ customers

The health insurer Aetna has agreed to settle a lawsuit over whether its fertility treatment coverage discriminates against LGBTQ+ patients. The insurer will make coverage of artificial insemination standard for all customers nationally and work to ensure that patients have equal access ...

Benioff's plan to help trees failing to gain traction

The billionaire CEO and co-founder of Salesforce, Marc Benioff, four years ago put forth a global initiative to save or plant -More- 

Campus Protests Over Gaza Spotlight the Work of Student Journalists

Columbia University’s radio station and other student-led news outlets have provided some of the most detailed coverage of the turmoil engulfing university campuses.

The mixed scorecard of HSBC’s Mark Tucker

As chair he has seen CEOs come and go but a share price that is back to where he started

How CHROs should prepare for their evolving role

Pressure on chief HR officers to understand business strategy, implement AI technologies and help drive profits has led to hi -More- 

Eyes on small biz: Google apps tap into Bengali, Tamil & Telugu

Google has added Bengali, Tamil and Telugu, among 52 additional languages it has announced, to its ‘Workspace’ — a platform with 3 billion users comprising AI-powered apps like Gmail, Chat, Meet, Calendar, Drive and Docs. Additionally, she revealed an AI-powered video creation application ...

Paramount Will Let Exclusive Talks With Skydance Lapse, Imperiling Deal

Negotiations are now likely to focus on another suitor, Sony, which has teamed up with the private equity giant Apollo on a $26 billion bid.

Jobs Data Revives Wall Street’s Hopes for a Rate Cut

A cooler-than-expected jobs report for April shifted the tone on Wall Street, rekindling investors’ expectations that the Federal Reserve may cut rates soon.

Survey: Companies need better tech for sustainability reporting

Many companies report that their technology is not sufficient to comply with future sustainability reporting requirements, an -More- 

Democratic officials criticize Meta ad policy, saying it amplifies lies about 2020 election

Several Democrats serving as their state’s top election officials have sent a letter to the parent company of Facebook, asking it to stop allowing ads that claim the 2020 presidential election was stolen. In the letter addressed to Meta CEO Mark Zuckerberg, the secretaries said allowing such ...

How solar is making a comeback under US policy

Tariffs and policies like the Inflation Reduction Act are working as intended to fuel a boom in domestic solar manufacturing  -More- 

Sam Ash Music Stores to Close After 100 Years In Business

The chain, which started with a single shop in Brooklyn in 1924, said it would close all 42 of its locations by the end of July, citing competition from online retailers.

Nippon Steel delays closing of acquisition of U.S. Steel until late this year

Nippon Steel Corp said Friday it has postponed the expected closing of its $14.1 billion takeover of U.S. Steel by three months after the U.S. Department of Justice…

Can Elon Musk’s Tesla keep straddling the US and China?

The EV maker has agreed a deal over driving technology with a leading Chinese internet company just as Washington is on edge about data security

The way we work is fundamentally broken. How do we fix it?

All the research is showing, no matter which way you look at it, the way we are working is broken. It’s a problem we must urgently address.

RBI tightens norms for loans to projects like roads & ports

The RBI has suggested more stringent rules for project funding, which will increase the cost for lenders when offering loans for infrastructure and industrial projects such as roads, ports, and power plants. The new regulations mandate that lenders reserve 5% of the funds they have provided ...

French cyberwarriors ready to test their defense against hackers and malware during the Olympics

Just like the Olympic athletes, the cyberwarriors that will be crucial for the success of the Paris Games are deep into training for the big event. They have turned to friendly hackers to probe their cyberdefenses, like boxers who use sparring partners to ready them for a championship fight. ...

Forex reserves fall for 3rd week, decline $2.4 billion

India's foreign exchange reserves decreased by $2.4 billion to $637.9 billion as of April 26, marking the third consecutive weekly decline in reserves, as reported by the RBI on Friday. During the previous reporting week, the total reserves had decreased by $2.3 billion to $640.3 billion. ...

Gulf solar farms to enable easier handling of power bills

The development of 25 new solar farms is expected to help the government better regulate electricity prices, potentially leading to lower power bills, says Gulf Energy Development Plc, which is building the solar power generation facilities.

7 of 10 listed Adani companies get Sebi notices

Seven out of the 10 Adani group companies listed have been issued showcause notices by the market regulator Sebi for suspected breaches of different regulations, such as disclosure and related-party transaction norms. The companies that were served with the notices stated that the notices ...

Researchers: New sodium-ion tech could improve batteries

A new sodium-ion battery the size of a coin has shown the potential of powering products ranging from smartphones to electric -More- 

Toyota to open new HQ in US focusing on hydrogen

Toyota North America has unveiled plans to convert its existing research and development office in Los Angeles into a unit fo -More- 

Helping employees manage their mental health at work

Employees battling mental health challenges -- including anxiety, depression and ADHD, among others -- can struggle to manage -More- 

Water deal could harm regulation, says watchdog

Sutton and East Surrey Water has about 845,000 customers across the South East and London.

Cybertruck owner crushes finger with car door to prove a weird point

“Everybody’s been waiting for this,” he said, putting his finger in harm’s way.

Safety lapses contributed to patient assaults at Oregon State Hospital, federal report says

A federal report says safety lapses at the Oregon State Hospital contributed to recent patient-on-patient assaults. Oregon Public Broadcasting detailed the findings after receiving the report through a public records request. The report by the Centers for Medicare and Medicaid Services ...

MLB and Nike announce 2025 uniforms will have larger jersey lettering and custom-fit pants

Major League Baseball uniforms will have larger lettering on the back of jerseys and individual pant customization will be available to all players beginning in 2025. MLB and Nike said the uniform adjustments will be made following conversations with players, clubs and equipment managers. Some ...

Three groups are suing New Jersey to block an offshore wind farm

Three anti-wind power groups are suing New Jersey to overturn a key environmental approval for a wind energy farm planned off the coast of Long Beach Island. Save Long Beach Island, Defend Brigantine Beach and Protect Our Coast NJ are challenging a determination by the New Jersey Department ...

4 ways that AI can improve brand management

Siegel+Gale's Lauren Thebault explains four ways marketers should be using AI, including creatively for brand-building, exemp -More- 

LyondellBasell ramping up plastics recycling in Germany

LyondellBasell has selected a location for an integrated plastic recycling facility in Germany that will support the chemical -More- 

Analysts trim growth for this year and next

Analysts are downgrading GDP growth estimates for this year and next as the export outlook turns patchy, the manufacturing slump deepens, the tourism recovery is uneven and the likelihood of interest rate cuts by the Bank of Thailand this year seems limited.

Automakers win reprieve from EV tax credit changes

The White House is allowing automakers an additional two years to comply with rigorous sourcing standards for essential elect -More- 

Fruits pack a punch in India’s mocktail market

Readymade punches and mocktail companies that use 'natural' ingredients such as fruits, roots, herbs, and spices are entering India's beverage market due to a trend towards healthier options and convenience. Party animals are now preferring fruity concoctions over alcoholic drinks due to the ...

Overlooked No More: Min Matheson, Labor Leader Who Faced Down Mobsters

As director of the International Ladies’ Garment Workers’ Union, she fought for better working wages and conditions while wresting control from the mob.

It introduced Ozempic to the world. Now it must remake itself

Danish drugmaker Novo Nordisk has eclipsed French luxury group LVMH to become Europe’s most valuable company – thanks to demand for diabetes and weight-loss drugs.

Can AI find a way to reduce the broadcast industry's energy consumption?

OpenDrives' Trevor Morgan asks if AI has the answer to making data centres for the media and entertainment industry more sust -More- 

Let's shake on it: Toddler at Target takes job seriously

Target may have stumbled across a next-generation leader in 1-year-old Azai, a toddler who loves to greet other shoppers duri -More- 

Microsoft strikes deal to buy 10.5GW of clean energy

Microsoft has reached an agreement with Brookfield Asset Management and its affiliate Brookfield Renewable to purchase 10.5  -More- 

The Fed Is Looking for a Job Market Cool-Down. It Just Got One.

Wage growth and hiring slowed in April, prodding investors to slightly increase their bets on rate cuts this year.

ISS urges Boeing shareholders to vote against Calhoun’s pay

Investors will consider chief executive’s 45 per cent increase at meeting this month

Tesla Pullback Puts Onus on Others to Build Electric Vehicle Chargers

The automaker led by Elon Musk is no longer planning to take the lead in expanding the number of places to fuel electric vehicles. It’s not clear how quickly other companies will fill the gap.

After Talk TV’s retreat, what does the future hold for UK broadcast news?

Rupert Murdoch's Talk TV has migrated to an online only existence. What does the move say about the future of UK TV news?

Economic hurdles of EU expansion into Eastern Europe

Russia's invasion of Ukraine has pushed enlargement back on the European Union's agenda. But how much would taking on new members like Ukraine, Moldova and Georgia strain the bloc's budget?

Boeing is on the verge of launching astronauts aboard new capsule, the newest entry to space travel

Boeing is finally poised to launch astronauts to the International Space Station for NASA after years of delays and stumbles. It’s the first flight of Boeing’s Starliner capsule with a crew on board. A pair of veteran NASA pilots will check out the spacecraft during the test drive and ...

Panama Canal traffic recovers from drought caused by El Niño, study finds

Annual rainfall in 2023 was down by about a quarter compared to normal levels, researchers said

Tesla lays off more than 3,300 California workers, mostly in Bay Area

More than 1,400 of Tesla’s layoffs are at its huge Fremont factory.

TikTok for sale: Who can buy it and how much will it cost?

Lawmakers have mandated a sale for TikTok to keep its US operations running. DW examines the odds of a sale, who has the financial clout to buy TikTok and what hurdles come with acquiring such a social media powerhouse.

Russian ransomware linked to hack that exposed family violence victims, breached government agencies

The Black Basta gang is behind the major hack that has hit about 200 Australian organisations and federal government agencies, cybersecurity experts say.

Is It Good to Go Exclusive?

The exclusive period for Paramount’s potential merger with Skydance expired without a deal, highlighting the long-debated question of whether exclusivity is a waste of time.

Not too hot, not too cold: a 'Goldilocks' jobs report

It's Jobs Friday and the jobs report is in! There's more jobs! ... but not as many as expected. And there's a teensy bit more unemployment and slower wage growth. But there's an upside ... Plus, healthcare is growing like gangbusters and how immigrants affect American-born workers.

1,370 seen as a critical point for the SET

The Stock Exchange of Thailand experienced significant volatility in April. In the second week, the SET index broke above the key resistance zone between 1,400 and 1,405 after testing it for three months, reaching a monthly high of 1,411.

Inflation rises after 7 months of falling prices

Inflation in Thailand last month was positive for the first time in seven months after the government permitted retailers to raise the price of diesel, while the prices of fresh food and vegetables increased thanks to the recent heatwave.

Yen briefly rises to 151 in New York after weak U.S. labor data

The yen appreciated against the U.S. dollar in New York on Friday, briefly reaching a three-week high in the upper 151 range after the latest labor data suggested…

Billionaire Donor Barry Sternlicht Assails Brown’s Deal With Protesters

Real estate mogul Barry Sternlicht’s scathing criticism of his alma mater is the most immediate blowback against the school’s deal to end protests on campus.

The SEC charges Trump Media's newly hired auditing firm with 'massive fraud'

The Securities and Exchange Commission has charged the auditing firm hired by Trump Media and Technology Group justwith “massive fraud” — though not for any work it performed for former President Donald Trump's media company. The SEC charged the accounting firm BF Borgers and ...

Football’s latest US import

Plus, the NBA’s courtside drama, Ratcliffe’s Man United shake-up, and more

Anticipated above-normal Southwest monsoon brings hope for India's agricultural sector: Geojit report

According to Geojit insights, the India Meteorological Department (IMD) expects above-normal rainfall, with the total from June to September anticipated to be 106 per cent of the long-period average.

Colombia central bank nudges 2024 inflation outlook up to 5.5%

PM: Investment key to high-income economy

The government aims to develop Thailand into a high-income economy through foreign investment and a raft of projects that will improve people’s quality of life, Prime Minister Srettha Thavisin said on Friday.

How Scammers Are Stealing Money From Food Stamps Recipients

Thieves are using skimmers to drain millions in food stamps and other public benefits from the neediest Americans.

Banyan returns to where it all began

After expanding to 22 countries over the past 30 years, hospitality-led property developer Banyan Group has returned to Phuket, the destination where it began.

Boeing locks out its private firefighters around Seattle over pay dispute

Boeing has locked out its private force of firefighters who protect its aircraft-manufacturing plants in the Seattle area and brought in replacements after the latest round of negotiations with the firefighters’ union failed to deliver an agreement on wages. The company said Saturday that ...

US universities resist calls to divest from Israel-linked companies

Officials cite barriers to meeting boycott movement’s demands despite precedents on other topics

Meet Young Entrepreneur Who Went To Shark Tank India And Built Rs 10 Cr Company From Just Rs 2000

The Shell hair was launched in the year 2020 and it quickly garnered attention for its diverse range of products.

The HVN: Best luxury spa days for hydro massage in London

City A.M. tried out the UK's only hydro bed for a hydro massage treatment at The HVN in Knightsbridge.

Power blackouts hit Tanzania as Cyclone Hidaya intensifies towards the country's coastline

Tanzania’s power distributing company has announced a major blackout for most parts of the country due to the power grid's failure ahead of approaching Cyclone Hidaya. The metrological department says the cyclone continues toward the coastline. Heavy rainfall and strong winds have been ...

‘I don’t have a choice’: UK patients turn to medical loans for treatment costs

Boom in healthcare borrowing prompts warnings from doctors and campaigners

India and China added 60% of global central bank gold purchase in March

Fans vote with feet as Champions Cup semi-final weekend set for bumper attendance

When Dublin’s Croke Park and Toulouse’s Le Stadium play hosts to this weekend’s Investec Champions Cup semi-finals, it’ll mark a bumper weekend of attendance figures for European rugby’s governing body EPCR. Because the sell-outs across the Irish Sea – for Leinster’s clash with ...

Quantum computing breakthroughs draw investment back to sector

Australia’s $620mn deal with US start-up signals new hope for building commercially viable quantum computer

Govt Lifts Ban On Onion Exports, Sets Minimum Export Price Amid Lok Sabha Elections

Onion traders and farmers, especially from Maharashtra had been demanding for the lifting of the export ban.

London mayoral election: Count Binface ahead of ‘Britain First’ immigration candidate

Count Binface, the satirical political candidate, is ahead of Britain First's immigration candidate Nick Scanlon in the London Mayoral election.

Tesla urges investors to get Elon Musk his $47 billion pay package

Q4 result: IDBI Bank's net profit surge 44% to Rs 1,628 crore, NII at Rs 3,688 crore

Got an Idea for a Toy? Toymakers Want to Hear From You.

Companies like Lego and Mattel have divisions that seek out design concepts directly from collectors and other highly dedicated fan bases.

Chicago's outdoor dining program kicks off, while Clark Street closure awaits approval

IDBI Bank Registers 44% Jump In Net Profit For Jan-March Quarter

IDBI Bank's provisions on bad debts written off came down sharply to Rs 1,049 crore from Rs 3,587 crore in the same quarter of the previous year. 

More than 16,000 pounds of ground beef sold at Walmart recalled over E. coli risk

Cargill says that, out "of an abundance of caution," it is recalling several of its ground beef products produced in late April and sold at Walmart locations across the eastern U.S.

Team GB can set Olympics marker at World Athletics relays championships

One of the most exhilarating athletics events in an Olympics track and field schedule, relays captivate the mind. They’re fast, elegant and hold enough risk to keep viewers interested until the very end. Great Britain have a mixed set of results at the Olympic games: But the 4x100m women’s ...

Labour’s workers’ rights plans could face ‘significant’ changes, lawyers warn

Labour’s promised reforms to workers rights could face “significant changes” before taking effect, employment lawyers have warned.

Tax the tourists — and that means all of us

Venice’s efforts to get people to pay for the privilege is a good start but more is needed

SF to celebrate Megabangna

SF Development Co Ltd, the operator of Megabangna, is gearing up to celebrate the mall's 12th anniversary.

This Star Wars Day, master AI like a Jedi

Star Wars Day is an opportunity to meditate on what businesses can learn from the Jedi about harnessing the power of new technology, says Nigel Vaz “Train yourself to let go of everything you fear to lose.” These words, spoken by Yoda, the best-known of all Jedi masters, could equally serve ...

Asda’s owners piled on £1.5bn of liabilities to fund petrol station deal

Issa brothers and private equity firm TDR used property sale and leasebacks as well as borrowing against ground rents

Rishi Sunak braces for London and West Midlands mayoral results as election counts continue

Rishi Sunak is braced for the result of key mayoral elections in London and the West Midlands, after the Conservatives were trounced yesterday.

Long-term sickness: How worsening mental health is holding back the economy

Economic inactivity, driven by long-term sickness, is fast becoming one of the most pressing challenges facing the UK economy.

When a Bunch of Bloody Yanks Came for English Soccer

American investors are gobbling up the storied teams of the English Premier League — and changing the stadium experience in ways that soccer fans resent.

Five things we learned from Friday’s local election results

Whether you stayed up all night for Friday’s local election results, or are catching up now, we've rounded up the five key takeaways from the night.

Insurers sue rating agency over exposure to Everton bidder 777

A-Cap firms move to stop AM Best from downgrading its assessment of their financial strength

UK’s competition regulator has killed more deals than the EU’s watchdog since 2019

The Competition and Markets Authority (CMA) has blocked more tie ups than the European Commission every year bar one in the past five years.

Ministers apply finishing touches to ‘Tell Sid’-style NatWest offer

Ordinary investors will be awarded 'bonus' shares in NatWest Group if they hold onto stock they acquire in the taxpayer-backed bank, under a plan expected to be finalised by ministers later this month.

Birla Corporation Q4FY'24 net profit up by 127% to Rs 193 crore

Bystander livestreams during Charlotte standoff show an ever-growing appetite for social media video

A deadly shootout in Charlotte that left five dead illustrates how smartphone-wielding bystanders don’t always run for cover when bullets start to fly. Increasingly, they look to livestream their perspective of the attack. Experts say the reaction reflects the new role that bystanders play ...

London Mayor: Sadiq Khan re-elected for historic third term

Labour’s Sadiq Khan has been re-elected to City Hall for a historic third term as he cruised to victory in the London mayoral elections.

Six Adani Group Companies Receive Notice From SEBI; Know Why

The auditors for most of these firms except for Adani Total and Adani Wilmar issued a qualified opinion.

Investing guru Warren Buffett draws thousands, but Charlie Munger's zingers will be missed

Tens of thousands of people are expected to flock to Omaha, Nebraska, to soak up wisdom from investing wizard Warren Buffett. Saturday's annual shareholder's meeting for Buffett's Berkshire Hathaway conglomerate is famous for featuring the so-called Oracle of Omaha. But a key ingredient will ...

Berkshire Hathaway’s cash pile hits new record as Buffett dumps stocks

Billionaire investor and team struggle to find worthwhile deals

Windfall tax weighs heavy on North Sea producers

Smaller independent operators say they have taken the brunt of the pain from the 75% tax rate on profits

News24 Business | Anglo bid: Chinese miners expected to step in

China’s leading metals companies, including its state iron ore buyer, are considering their next moves following BHP Group’s blockbuster $39 billion approach for rival Anglo American, potentially the largest mining deal in over a decade.

Slowdown in US job growth revives rate cut talk

Employers in the US added 175,000 jobs in the US in April, while the unemployment rate ticked up to 3.9%.

Meet Man Who Built Rs 500 Crore Company With Just Rs 10,000 After 20 Failed Attempts

Through years Nahar tried his hand at almost 20 different ventures but unfortunately none of them worked and eventually led to disappointment.

Financial Intelligence Unit arms itself with AI, ML tools to check money laundering

Mahindra & Mahindra, Tata Motors receive record patent approvals in FY24

News24 Business | SA flight problem delayed US billionaire for his own wedding party

A flight permitting problem in South Africa meant that US tech billionaire Ankur Jain and his bride-to-be were late for their own wedding celebration at the Muhammed Ali Palace in Cairo last week.

Israel votes to shut down Al Jazeera in the country

Government accuses Qatari-funded satellite channel of being a ‘mouthpiece for Hamas’ and a threat to national security

News24 Business | 'High risk' that millions of prepaid electricity meters will go dark this year

A prepaid electricity crisis is looming in November. There is a high risk that many South African authorities are acting too late to avoid it.

Shell sold millions of ‘phantom’ carbon credits

Subsidy scheme in Alberta allowed oil major to register carbon credits equivalent to twice the volume of CO₂ captured

Drought puts pressure on durian farmers

Minister of Agriculture and Cooperatives Thamanat Prompow has ordered officials to provide assistance to durian farmers in the East, as the prolonged drought and scorching heat threaten to spoil their valuable crops right before the harvest season.

News24 Business | EXPLAINER | Two-pot retirement system: Don't just focus on the cash

There's a lot of confusion about the two-pot system - with misunderstandings about how much money can be accessed, and what needs to be done to get it, says Laura du Preez.

FPIs return as net buyers in May as they infuse Rs 1,156 crore

Star producer’s fight with K-pop patriarchy captures Korean women’s imagination

Min Hee-jin battles entertainment company Hybe over financial and creative control

Claridge’s hotel review: Is this the best sleep in London?

Claridge's has been voted the best hotel in London. Does it live up to the hype?

HAI for industry, infrastructure status for hospitality sector to help attract more investments

News24 Business | OPINION | What’s the job of a company chair? South Africa's rules need fixing

It is crucial for chairs to fulfil their roles effectively. A failure to do so may result in an ineffective board and a poorly performing company. South Africa's regulations have critical shortcomings that don't help, says Rehana Cassim.

News24 Business | OPINION | Death benefits - taking care of those you love is not as simple as you think

Trustees are often asked to review their decisions about how retirement death benefits are allocated. Sadly, it is usually vulnerable partners and children who have to fight to get their share, says Laura du Preez.

Michael Platt’s BlueCrest prepares to expand trading teams

Secretive family office in late-stage talks with 30 portfolio managers after several years of outperformance

Can the UK retain its allure for Hollywood film and TV production?

Last year’s strikes across the Atlantic and financial issues facing UK broadcasters have marred a blooming industry

California mocked over 'billion-dollar' bridge to nowhere

Authorities in California have been mocked over a "billion-dollar" bridge to nowhere.

Online retailer Mytheresa says it will benefit from luxury ecommerce implosion

Shares in New York-listed platform have climbed this year even as rivals such as Matchesfashion and Farfetch collapsed

Mahindra Finance reports 10% drop in Q4 net profit at Rs 619 crore

'India has unexplored and unattended to opportunities,' says Warren Buffet

Angel Reese, Cardoso debuts watched widely on fan's livestream after WNBA is unable to broadcast

The WNBA debuts of Angel Reese and Kamilla Cardoso were widely watched on a social media livestream from a fan who stepped in when the league’s app couldn’t broadcast the game. Reese and Cardoso played in their first preseason game for the Chicago Sky on Friday night in a 92-81 loss to the ...

Berkshire shareholders reject climate, diversity, China proposals

Netanyahu's Cabinet votes to permanently close Al Jazeera offices in Israel

Israeli Prime Minister Benjamin Netanyahu says his government has voted unanimously to shutter the offices of the Qatar-owned broadcaster Al Jazeera in Israel. Netanyahu announced the decision on X, formerly Twitter, on Sunday. Details on when it would go into effect or whether it was permanent ...

Pesticide residue in Indian herbs and spices? Food regulator denounces claims as 'false and malicious'

The Food Safety and Standards Authority of India has refuted claims of elevated pesticide residues in Indian herbs and spices as 'misleading and baseless'. In an official statement, the food safety watchdog emphasized India's rigorous adherence to Maximum Residue Limits (MRLs), which are ...

German consumer confidence hits two-year high

Consumer confidence rose for the third month in a row in Europe's largest economy, according to a market research survey. Germany is seeing mild economic improvement after grappling with slow growth and inflation.

Thermal power plants have 68% of normative coal stocks: Government Data

Worsening weather is igniting a $25 billion market

Demand for weather derivatives, driven by climate volatility and fragility in various sectors, is on the rise. Marty Malinow's firm experiences increased interest, with CME Group reporting a significant uptick in trading volumes and outstanding contracts.

Paytm's Chief Operating Officer Bhavesh Gupta Resigns, Citing Personal Reasons

Varun Sridhar, formerly CEO of Paytm Money has been appointed as CEO of Paytm Services.

‘You never get used to it’: The Uluru tour guide who’s up before sunrise

Tour guide leader Jakob Trimble says one of the more therapeutic parts of his job is cleaning his 65-seater coach, which can take an hour and a half.

Patym parent co president and COO quits

One97 Communications (OCL), which owns brand Paytm, on Saturday said the company's president and chief operating officer (COO) Bhavesh Gupta has resigned from his position. Gupta, whose resignation comes amid a series of recent top level exits at the Noida-based fintech, will however move to an ...

‘Bring back Boris’: Conservative MPs divided post local elections fallout 

Conservative MPs were divided this morning over the fallout of the local election results, with one former minister calling for the “return of Boris".

Warren Buffett's company rejects proposals, but it faces lawsuit over how it handled one last year

Shareholder proposals are usually uneventful at Berkshire Hathaway’s annual meeting, but Warren Buffett and the company are now facing a lawsuit over the way one presenter was treated last year. Peter Flaherty with the National Legal and Policy Center came back with another proposal this year ...

US economy: GDP growth slows to 1.6% in first quarter

The US growth rate was substantially lower than the 2.4% widely predicted by analysts. The fall in the growth rate comes alongside declining consumer spending and exports.

Tata redundancy offer callous, say steel unions

Unions say company disregards the impact of its changes on workers, families and communities.

Everton buyer 777 Partners accused of fraud by lender

New setback for Miami-based investment firm’s attempted takeover of Premier League football club

Rio de Janeiro set for Madonna’s massive Copacabana beach concert that will be her biggest ever

Madonna will give a free concrete on Copacabana beach, turning its vast stretch of sand into an enormous dance floor. It takes place Saturday night after Rio de Janeiro spent the last few days readying itself for the historic performance by the “Queen of Pop.” Rio’s City Hall has said ...

Could ketamine be the next fix for workplace depression?

Employees are being offered the ‘party drug’ through company health schemes as psychedelic-assisted therapy grows in popularity

America's billion-dollar bet on US chipmaking

Joe Biden is desperate to bring advanced chipmaking to the country, and is willing to pay a lot for it. Using the CHIPS Act, the government is splurging billions to lure manufacturers. But can they compete with Taiwan?

News24 Business | Invisible plastic: Why banning plastic bags will never be enough

Wet wipes, tea bags and some toothpastes are among everyday products that leach harmful microplastics into the environment.

Lok Sabha Elections 2024: Banks Will Be Closed In These States On May 7—Check List

Several banks across India will remain closed due to Phase 3 of the Lok Sabha Elections 2024 on May 7.

Easing FDI norms in space sector to lure foreign players, increase demand for high-tech jobs

Market Valuation Of 6 Of Top 10 Firms Declines By Rs 68,417 Cr; Airtel Biggest Laggard

However, the mcap of State Bank of India climbed Rs 26,907.71 crore to Rs 7,42,126.11 crore.

Steel giant ArcelorMittal warns Gove over Kent planning verdict

The world's second-largest steel company has warned the government that a planning verdict due this week could lead to a key division quitting the UK.

Indonesia complains EU trade deal taking too long

The Southeast Asian nation accuses Brussels of "regulatory imperialism" following recent disputes over deforestation and nickel. But it's still hoping for an agreement.

News24 Business | India's influencers still struggle years after TikTok ban

Choreographer Sahil Kumar found fame showcasing folk dances on TikTok, but his profile has been dormant since the video he posted four years ago supporting India's decision to ban the platform.

Listless inflows dim hopes of revival for long-suffering active funds

Investors favour index trackers over stock pickers as they make a tentative return to markets

Households spend most on travel, petrol, phone bills

Thai household spending on consumer goods in April averaged 18,187 baht, with the biggest expenses being on public transport, petrol and mobile phones, according to a Commerce Ministry survey.

How Goldman grew up: 25 years since Wall Street’s elite firm went public

Lloyd Blankfein, Hank Paulson, David Solomon and others on what has changed since its seminal listing in 1999

European ports swamped with cars amid China EV offensive

Some European ports are struggling to cope with a massive influx of vehicles. The surge in imports, mostly from China, has transformed these ports into vast parking lots causing congestion and delays.

Warren Buffett says AI may be better for scammers than society. And he's seen how

India extends duty-free import of yellow peas by four months

In early December, the central government allowed duty-free imports of yellow peas until March 2024, later to be extended till April and then June. It was part of New Delhi's intervention to cool the prices of the overall pulse basket. Reportedly, the duty on yellow peas was first implemented ...

Mubadala Capital plans $13.5bn biofuels investment in Brazil

Arm of Abu Dhabi sovereign wealth fund also backs launch of new stock exchange in South American nation

India Extends Duty-Free Import Of Yellow Peas For Another Four Months

Despite several measures, including various incentives to farmers, India is still dependent on imports of pulses for its domestic requirements. 

People say they worry about inflation. Their restaurant spending might show otherwise

Restaurant earnings and pricing tell us the economy is still troubled by inflation but not badly enough for consumers to give up eating out.

News24 Business | Prince William's prestigious environmental award to put spotlight on SA's climate solutions

Now in its third year, Prince William's Earthshot Prize aims to spotlight solutions for climate issues affecting South Africa and the world.

Russia plotting sabotage across Europe, intelligence agencies warn

Assessments suggest Kremlin agents preparing covert bombings, arson and attacks on infrastructure

Japanese restaurants in China look for ways around seafood import ban

Japanese restaurants in China have been struggling to stay afloat amid Beijing's total ban on seafood imports from Japan, but some have found a way to keep in…

Zilch doubles down on AI for buy-now pay-later domination ahead of planned IPO next year

London fintech Zilch is ramping up its use of artificial intelligence to boost competition with rival buy-now-pay-later (BNPL) providers like Klarna and help it achieve profitability ahead of a planned IPO next year.

I-95 overpass in Connecticut scorched during a fuel truck inferno has been demolished

Workers have demolished a bridge over a Connecticut highway that was damaged in a fiery crash involving a gasoline tanker truck. The demolition that began Friday is expected to keep both sides of Interstate 95 in Norwalk closed through the weekend and extend a traffic nightmare on the major ...

London may be the top talent spot now, but Dubai and New York are hot on its tails

London has come out on top as the most attractive spot for talent in the world, but its crown can easily slip, Nick South writes.

F1 attendances: Miami behind Las Vegas and Austin in US

When the 20 Formula 1 drivers race off the start line in Miami on Sunday night it will be the first lap of three races in the US this season. The 2024 F1 season has repeated the feat of 2023 and stuck with three races across the pond – in Miami, Austin and Las Vegas. [...]

China Is Buying Gold, Sending Prices to Record Highs

The global price of gold has reached its highest levels as Chinese investors and consumers, wary of real estate and stocks, buy the metal at a record pace.

News24 Business | Starlink still active in SA despite cut-off threat

Starlink said it was going to cut off users of its satellite internet services in unlicensed countries like South Africa at the beginning of this month, but sources said that the services have not been halted yet.

Saudi Arabia's non-oil business activity growth steady in April-PMI

Celebrating excellence in journalism and the arts, Pulitzer Prizes to be awarded Monday

Text journalism's biggest day of the year has arrrived with the annual announcement of the Pulitzer Prizes. The Columbia University-based Pulitzer Board on Monday will reveal winners and finalists in 15 journalism categories for work done in 2023. The awards normally highlight some of the ...

The $23 billion deal that shines a light on a big threat to China

The takeover of US Steel is turning into a political nightmare, and the effects could be widespread.

Why don’t auditors find fraud?

Regulators have put forward a series of proposals to clarify and extend responsibilities to spot wrongdoing

Westpac boss predicts soft economic landing despite customer stress

Westpac boss Peter King says the economy is on track for a soft landing, even as customer stress has ticked up, and the bank posted a drop in profits.

Is Zimbabwe zigzagging into further currency chaos?

Traders suffer a case of déjà-vu as any savings are wiped out with a new currency called the Zig.

Industrial action to cripple railways as union calls strikes and overtime ban

Rail and tram passengers face a week of disruption because of strikes which will lead to some parts of the country having no trains on days of industrial action. Members of the train drivers’ union Aslef at 16 operators will launch a six-day ban on overtime on Monday, which is expected ...

Obesity and low productivity in the UK go hand in hand, think-tank warns

IPPR researchers describe government’s ‘laissez-faire’ approach to public health as a ‘failed experiment’

REC Gets RBI Nod To Set Up Subsidiary In GIFT City Gujarat

The proposed subsidiary will engage in a range of financial activities as a finance company within GIFT, including lending, investment, and other financial services.

Thai official helps steer Asean in negotiations with China

The Department of Trade Negotiations (DTN) participated in the recent Asean-China Free Trade Area (ACFTA) 3.0 Upgrade Negotiations, aiming to enhance Asean-China trade and investment relations, as well as ensure the free flow of goods and services.

Brad Parscale helped Trump win in 2016 using Facebook ads. Now he’s back, and an AI evangelist

Brad Parscale was the digital campaign operative who helped engineer Trump’s 2016 presidential victory with the heavy use of Facebook ads. Now Parscale is back working for Trump and is an evangelist for artificial intelligence. Parscale has a company called Campaign Nucleus that is working ...

ABC News’ President, Kim Godwin, to Step Down

The first Black woman to run a broadcast news division, Ms. Godwin had a rocky tenure defined by infighting and damaging leaks.

Push to promote local exhibition sector

Three months after the government announced its "Ignite Thailand" vision to establish the country as a hub for aviation and tourism, the outline of the scheme has been slow to take shape, while the post of tourism and sports minister was recently reshuffled.

Bonza’s owner 777 Partners accused of fraud, double-pledging assets in US lawsuit

The Miami-based investment firm has been accused of borrowing against $US350 million of assets that it didn’t own, didn’t exist or were already promised to someone else.

What to know about Trump strategist's embrace of AI to help conservatives

Brad Parscale, the digital guru behind Donald Trump's surprise 2016 presidential victory, has become an evangelist about the power of artificial intelligence to transform how Republicans campaign for office. He says his company, which is working for Trump's 2024 campaign, can use AI to help ...

Business confidence among UK farmers at its lowest

NFU warns government that the country cannot import its way to food security

FirstFT: Xi Jinping visits Europe amid escalating trade tensions

Also in today’s newsletter, intelligence agencies warn Russia plotting sabotage across Europe, and Israel votes to shut down Al Jazeera in the country

The $9tn question: how to pay for the green transition

The bill for meeting climate goals will be immense. Governments worldwide are trying to figure out how to foot it

Singapore examines wide-ranging proposals to revive its stock market

Hosting a regional exchange is one idea, but critics say focus should be on improving corporate governance

Syntec plans expansion of data centre business

SET-listed contractor Syntec Construction has established a new team to handle data centre construction projects as demand rises, particularly from large players.

NBTC targets foreign criminals

The National Broadcasting and Telecommunications Commission (NBTC) has stepped up measures to suppress crime that uses local mobile operators' telecom signals at the nation's borders.

ASX set to rise after Wall Street rallies

Wall Street capped a choppy week of trading with the best day for the stock market in over two months, setting up the ASX for gains.

Russian finance flows slump after US targets Putin’s war machine

Washington’s crackdown shows its leverage over global banking system

Urban transport set for complete revamp? Metro and bus networks to be integrated

India is planning a comprehensive overhaul of its urban transportation system, integrating metro and bus networks with a focus on transitioning to clean fuel. The plan includes incentives to promote the use of small trucks for greening intracity goods transport and aligning bus and metro routes ...

Post Office lawyer accused of 'big fat lie'

Former senior Post Office solicitor Jarnail Singh denies knowing about Horizon bugs in 2010.

Nervous about falling behind the GOP, Democrats are wrestling with how to use AI

The Biden campaign and top Democrats are wrestling with how best to use artificial intelligence, exposing the party’s anxiety over falling behind Republicans in the race to deploy technology that could transform the future of elections. Democratic strategists say they are nevertheless ...

In China, Ruled by Men, Women Quietly Find a Powerful Voice

Women in Shanghai gather in bars, salons and bookstores to reclaim their identities as the country’s leader calls for China to adopt a “childbearing culture.”

‘Just like nuclear weapons’: Warren Buffett has this big warning on the use of artificial intelligence

Warren Buffett has recently expressed his views on the possible impact of artificial intelligence. Asked about which business of Berkshire is AI likely to impact, he said, “In terms of our businesses, they'll figure things out. We've got smart people."

Berkshire Hathaway event gives good view of Warren Buffett's successor but also raises new questions

This year’s Berkshire Hathaway meeting gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone. Buffett said for the first time Saturday that Greg Abel should also take responsibility for the company’s investments after ...

How to get UK space SMEs beyond the final investment frontier

The UK has 2000 space SMEs but few have managed to scale. With the right incentives and regulatory environment the industry can go interstellar, says Andrew Turner Shipping in the 1700s, cars in the 1800s and aviation in the 1900s – throughout history London has been the global hub for ...

Worst-ever job interviews: 'We had to crawl and moo'

Dozens of jobseekers tell the BBC about their worst-ever interview experiences.

Orange juice crisis ’24 – Japan’s OJ supplies drying up

Despite Japan’s well-deserved reputation a wonderland of delicious pleasures for the palate, the country isn’t immune to food/beverage crises. We’re only two years out from the potato shortage…

China's president arrives in Europe to reinvigorate ties at a time of global tensions

Chinese President Xi Jinping is kicking off a three-country trip to Europe with the continent divided over how to deal with Beijing’s growing power and the U.S.-China rivalry. European carmakers are losing ground to subsidized Chinese electric vehicles. Diplomats fret about alleged Chinese ...

Sexually transmitted debt: How financial services are fighting financial abuse

One in six women experience economic abuse. Here’s what that can look like and what’s being done about it.

Heatwave swells Asia's appetite for air-conditioning

A record-breaking heatwave is broiling parts of Asia, helping drive surging demand for cooling options, including air-conditioning. AC exhaust units are a common feature of urban landscapes in…

Kotak Bank sees Rs 300-500 crore hit to profit from RBI curbs

Mayoral election 2024: Reform UK candidate gets seat on London Assembly

Reform UK candidate Alex Wilson has become the first party member elected to the London Assembly.

Put the brakes on AI rollout, new privacy commissioner says

Commissioner Carly Kind is concerned about the speed at which the fast-evolving technology is being used.

BP shareholders expect it to scale back climate target

FTSE 100 group is unique in maintaining commitment to cut both oil and gas production

Boardroom parity improves

Women occupied 19% of board seats in Thailand, trailing the global average of 23.3% and slightly behind the Southeast Asian average of 19.9%, according to Deloitte Global's 2023 Women in the Boardroom report.

Why Indian students in the US, including those from elite Ivy League universities, are failing to land internships this summer

Indian students studying in the United States are facing challenges in securing internships this summer due to a decrease in job opportunities. The global economic slowdown and preference for hiring local students are contributing factors. STEM students, in particular, are finding it difficult ...

Equinox rare earths hits earn a moment in the sun

In the first of Bulls N’ Bears’ new weekly series, “Doug Bright’s Greatest Hits”, our senior analyst pulls apart some of last week’s most intriguing ASX finds.

China’s services activity slows, employment shrinks in April: Caixin PMI

China's services sector grew slightly slower due to higher costs in April, but there's still optimism with increased new orders and positive business sentiment, suggesting a continued economic recovery, according to a recent private sector survey.

Japanese companies urged to OK seated cashiers to spur job motivation

While cashiers standing at their registers may be the norm in Japan, a campaign launched by a staffing agency is encouraging Japanese companies to reconsider the practice to…

Wizz Air CEO: ‘Crisis management became a constant’

Wars, soaring oil prices and engine troubles have thrown European airline off course

Commercial jet maker Airbus is staying humble even as Boeing flounders. There's a reason for that.

Europe’s Airbus had established a clear sales lead over Boeing even before the American company encountered more fallout from manufacturing troubles and ongoing safety concerns. Airbus has outpaced Boeing for five straight years in plane orders and deliveries. And now Boeing is facing ...

What to stream this week: Zac Efron, Indigo Girls, 'Dark Matter,' Brooke Shields and Anne Hathaway

This week’s new streaming entertainment releases include a new documentary showing the Indigo Girls’ rise and subsequent marginalization, Joel Edgerton finding himself in an alternate timeline of his character's life in the limited series “Dark Matter” and a new “Pretty Little ...

When, oh when, will my gold stocks get taken over?

Shaw and Partners’ Davide Bosio waxes lyrical about the stubbornness of junior gold exploration stocks that many thought would run hard or be taken over.

ArcelorMittal warns government key division could quit UK

World’s second-largest steel company objects to proposals to close and redevelop part of Chatham Docks in Kent

Health systems and employers count economic cost of long Covid

Experts warn better data is required to drive policy as debilitating condition reduces workforce

IOB to sell 92 NPAs worth Rs 13,000 crore, among biggest sales

James Cameron and Ari Emanuel back Skydance bid for Paramount

Endorsements come as exclusive talks end without deal and Sony and Apollo push rival $26bn offer

Three health foundations tackle biggest disease threats in $300mn deal

Novo Nordisk, Bill & Melinda Gates Foundation and Wellcome focus on interlinked issues

BP set for slower first quarter profits and revenue amid lower oil prices

BP is expected to announce slowing profits and revenues for the first quarter of 2024, as it wrestles with lower oil prices and weaker refining margins than this time last year. The oil super major will give its latest quarterly results in an update on May 7, with profit expected to come in at ...

California-based Kaiser to notify millions after possibly exposing user data to tech companies

Kaiser patients' symptom searches may have been shared with tech giants.

IAG head: UK mandate is not enough on sustainable aviation fuel

Incentives are needed to help producers meet strong demand from airlines  

‘Fall Guy’ Movie Opens With Just $28 Million in Ticket Sales

While enough for No. 1, the big-budget original movie gave Hollywood its lowest start to its summer box office season since 1995.

K-Asset favours diversification to reduce risk

Kasikorn Asset Management (K-Asset) expects the Thai stock market to fall in the second quarter as US inflation and interest rates slowly decrease, recommending investors diversify their risk by investing in the US and Indian stock markets.

Creating a long-term vision

Overtourism has become a hot topic in recent weeks as the influx of tourists has caused many destinations to feel they cannot cater to the rapid growth.

Kim Godwin out as ABC News president after 3 years as first Black woman as network news chief

Kim Godwin is out as ABC News president after three years as the first Black woman to lead a television network news division. The move seemed inevitable after parent Walt Disney Co. earlier this year appointed another executive, Debra O'Connell, to oversee the division. Announcing the move ...

Millennial, Gen Z homes spur Q-commerce growth

In the past one year, half the new customers that we have added are all pure play quick commerce customers, who often do not make planned purchases and end up buying 4-15 times a month from our platform,” said Seshu Kumar Tirumala, chief buying and merchandising officer at BigBasket. Goldman ...

'Garden floods show need to work with nature'

Insurance scheme urges gardeners to use planting to protect their homes from floods.

Heineken to reopen closed UK pubs as cost of living pressures ease

Brewer will put £40mn annually into refurbishing its UK estate as pub groups regain confidence

Productivity isn’t working, so why not try being more ethical?

Ethics is a set of beliefs about the right way for people – and organisations - to behave. But what’s that got to do with the economy?

UK’s gender pay gap will take decades to close at current rate

Income inequality between women and men has only narrowed marginally since 2017

Last Credit Suisse chief executive, Ulrich Körner, to leave UBS

Swiss bank will eliminate management board of former rival within weeks

Qantas agrees to pay $79 million in compensation and a fine for selling seats on canceled flights

Qantas Airways has agreed to pay $79 million in compensation and a fine for selling tickets on thousands of cancelled flights. The airline and the Australian Competition and Consumer Commission announced the settlement on Monday to end the watchdog's federal lawsuit. Qantas had engaged ...

Interest burden hovers over digital wallet

The ratio of interest burden to estimated government revenue is projected to increase to 11% next year from 8% in 2024, should the government proceed with its flagship digital wallet handout.

Qantas’ $225 and $450 compensation payments: What you need to know

The airline admitted it misled consumers by advertising tens of thousands of “ghost flights”. Here’s everything we know about what affected customers will get.

Thames Water causes Redrow legal stink over damaged sewer

Utility accuses housebuilder of ‘negligence’ after sewer blocked with concrete

SF tech exec buys one of the country's most well-known, loved media companies

Global Tetrahedron, the new owner of the Onion, has a major San Francisco tie.

News24 Business | OPINION | Managing government debt: Any old rule won't do

With South Africa’s debt now officially at 73.9% of GDP, Treasury exploring the proposal of a binding fiscal anchor is a welcome sign of intervention. But not all fiscal rules are created equal, says Marie Antelme.

Sony and Apollo in Talks to Acquire Paramount

After letting exclusive talks with the movie studio Skydance lapse, Paramount’s directors met over the weekend and decided to negotiate with all the suitors.

Govt row with bank heats up

The dispute between the government and the Bank of Thailand (BoT) intensified on Sunday when Prime Minister Srettha Thavisin stood by Pheu Thai leader Paetongtarn Shinawatra, who recently criticised the central bank’s stance on interest rates.

Oil climbs as Gaza tensions rise, Saudi Arabia hikes prices

Oil futures rose on Monday following an increase in June crude prices by Saudi Arabia for most regions. There are concerns that the Israel-Hamas conflict could escalate further in the important oil-producing region due to slim chances of a Gaza ceasefire agreement. Brent crude futures increased ...

Breakfast Briefing: 5 things for PR pros to know on Monday morning

Steward Health files for bankruptcy; ABC News president Kim Godwin steps down; Condé Nast Union threatens strike ahead of Met Gala.

Stock market today: Asian shares track Wall St's advance fueled by cooler jobs data

Asian shares are mostly higher after Wall Street ended Friday with the best day for the stock market in over two months. The rally late last week was backed by the cooler-than-expected U.S. employment data. For markets that was a welcome sign that the Federal Reserve's efforts to fight ...

Macron sets Ukraine as top priority as China's Xi Jinping pays a state visit to France

French President Emmanuel Macron is welcoming China's Xi Jinping for a two-day state visit to France. He is seeking to press Xi to use his influence on Moscow to move toward ending the war in Ukraine. Both leaders are also expected to discuss trade issues. Macron recently denounced trade ...

Investment in rail freight imperilled by government and Labour plans

Freightliner boss says cargo operators must have robust rights to track access to ensure future growth

Number of new homes in England predicted to drop to half of official target

Savills calls on government to take action to boost housebuilding

How Bad Is A.I. for the Climate?

Tech giants are building power-hungry data centers to run their artificial intelligence tools. The costs of that demand surge are becoming clearer.

PhonePe offers cashback for Akshaya Tritiya 2024: Get up to Rs 2,000 on digital gold purchases

PhonePe offers up to Rs 2,000 cashback on 24k digital gold for Akshaya Tritiya 2024. Users can avail the offer on May 10 via various payment methods. Additionally, discounts at CaratLane stores are available for digital gold redemption."}

Astron, Energy Fuels on cusp of $206m Victorian zircon deal

Energy Fuels Resources is close to a decision on whether to plunge $206m into Astron Corporation’s Donald project and its massive zircon deposit in Victoria.

Dating app Bumble makes a big change to retain users and attract new ones

Bumble, known for allowing women to message men first, has unveiled new features that allow men to make the first move. Will the change breathe new life into online dating, and the company's stock?

News24 Business | Mall of the South owner Redefine plans a strong push into Poland

Almost 38% of Redefine Properties' property portfolio is now in Poland.

The next chapter in the streaming drama

The bids for Paramount Global demonstrate where entertainment may be heading

The fight is on for the soul of the Conservative Party

Rishi Sunak looks safe for now, but after a local election drubbing the battle for the future of the world’s second oldest political party, writes Jessica Frank-Keyes They say it’s the hope that kills you.  And throughout Friday afternoon and evening, as the Tories hung on in Tees Valley, ...

Money isn't enough to smooth the path for Republican candidates hoping to retake the Senate

Senate Republicans are returning to a strategy they hope could neutralize their Democratic rivals' financial edge: Find rich people to run. But wealthy candidates running in Montana, Ohio, Pennsylvania and Wisconsin present a fresh set of challenges. One is hoping to recoup his own money before ...

News24 Business | Qantas fined after 'ghost flights' scandal

Australian airline Qantas agreed to pay a $66 million fine Monday after a bruising "ghost flights" scandal, following accusations it kept selling seats on long-cancelled trips.

Coalition’s super-for-housing policy would only help wealthier homebuyers

The Coalition’s plan to allow Australians to use their super for housing would disproportionately help wealthier people buy more expensive homes.

Eurotunnel operator offers to subsidise new cross-Channel rail services

Getlink chief puts forward €50mn pot for companies considering launching rivals to Eurostar

2024 Maruti Swift Set to Launch On 9 May; What Do We Know So Far

The 2024 Swift is anticipated to be 15 mm longer, 30 mm higher, and 40 mm wider than its predecessor.

Toyota Launches New Innova Crysta GX+ Trim At Rs 21.39 lakh; Check What's New

Toyota has introduced a new mid-spec GX+ trim for the popular Innova Crysta at Rs 21.39 lakh.   

Germany recalls its ambassador in Russia for a week in protest over a hacker attack

BERLIN (AP) — Germany said Monday it recalled its ambassador to Russia for a week of consultations in Berlin following an alleged hacker attack on Chancellor Olaf Scholz’s party. Germany last week accused Russian military agents of hacking into the top echelons of Scholz's Social ...

Macron and Xi to arm-wrestle over EU-China trade tensions

Also in this newsletter: the cost of upgrading EU industry for the green transition

Indian Economy And Equity Markets Outperformed China Over Past 3 Years

China’s current equity market capitalisation is double that of India, at a time when it’s GDP is 5 times that of Indian GDP.

Divestment is not as easy as it may seem

As campus protests rage, passivity over their financial holdings has left universities and other institutions in a bind

Aldi faces £3.7m legal action by British Brussels sprout supplier

German supermarket giant Aldi has been hit with legal proceedings by a Yorkshire-based Brussels sprout supplier over being de-list with no reason

Berkshire after Buffett

An FT series explores the company and management team that will one day lead Berkshire into a new era

Paytm shares drop 5% following resignation of COO Bhavesh Gupta

Paytm's parent company, One 97 Communications, faced share decline following the COO's resignation. Management changes include new CEOs for Paytm Payments Bank Limited and Paytm Money amidst regulatory challenges and competitive pressures.

This Week: Disney, Papa John's earnings; University of Michigan consumer sentiment report

The Walt Disney Co. issues its latest quarterly earnings report on Tuesday; pizza maker Papa John’s offers up its first-quarter financial results on Thursday and on Friday the University of Michigan releases its preliminary May index of consumer sentiment.

Why Is The Social Media Divided On OLA CEO Bhavish Aggarwal's Tweet On LinkedIn AI Bot's "Pronouns Illness"?

Netizens have slammed OLA CEO Bhavish Aggarwal's tweet as being 'homophobic'.

‘Indian carriers to have 50% market share in int’l passenger carriage by FY 2028:’ CRISIL

Indian carriers, led by Tata Group’s Air India, IndiGo, and Akasa, are poised to capture 50% of the international passenger market share by FY 2028. The surge in international leisure travel and rising disposable incomes are driving this growth.

Heineken investment set to reopen 62 pubs - is your local on the list?

Heineken is investing £39m in more than 600 of its pubs in the UK - in a move it says will bring 62 back from the dead.

Why Australian farmers will now grow more desi chana for Indian consumers

India's decision to remove the 40% import duty on desi chana has led to a 7-10% increase in international prices of the commodity. This move is expected to impact global chana production and trade dynamics.

India's Service Activity Growth In April Among Fastest In 14 Years: PMI

The seasonally adjusted HSBC India Services Business Activity Index fell from 61.2 in March to 60.8 in April, highlighting one of the strongest growth rates seen in just under 14 years.

S Jaishankar’s clear message on investments from China: ‘India can’t, in the name of open economy…’

External Affairs Minister S Jaishankar was asked about PM Narendra Modi’s recent remarks on ties with China and whether one can expect nuanced shift post-elections that will allow for more investments.

Stock market today: BSE Sensex opens 300 points up; Nifty50 above 22,500

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Monday on the back of positive global cues. While BSE Sensex moved up 300 points, Nifty50 was above 22,500.

Hungary and Serbia's autocratic leaders to roll out red carpet for China's Xi during Europe tour

Chinese leader Xi Jinping will spend the bulk of his five-day tour in Europe this week in two small countries at the continent’s eastern half. It's a region Beijing has used as a foothold for its expanding economic ambitions in Europe. Xi first stops in Paris on Monday and then he will travel ...

Tensions Rise in Silicon Valley Over Sales of Start-Up Stocks

The market for shares of hot start-ups like SpaceX and Stripe is projected to reach a record $64 billion this year.

Poor Box Office Collections of movies like 'Bade Miyan Chote Miyan' & 'Maidaan’: Theatres cut down shows as films fare poorly

Big-budget movies like 'Bade Miyan Chote Miyan' and 'Maidaan' performing poorly have led to multiplexes and single-screen theatres cutting down on shows or temporarily shutting screens due to low business and high expenses.

IT majors Cognizant, Capgemini hired 1.5 lakh less employees in 2023; here's why

The total number of employees hired by major IT companies Cognizant and Capgemini decreased globally by 151,607 in 2023 compared to 2022, according to their regulatory filings.

Possible TikTok ban could be 'an extinction-level event' for the creator economy

Tens of thousands of people earn a living on TikTok. But as creators face down the real possibility of TikTok going away, many are trying to switch to new platforms to save their livlihoods.

BEWARE Of Drip Pricing Customers! Lodge Your Complaint At THIS WhatsApp Number, Dept Of Consumer Affair Tweets

In Drip pricing, customers are often lured into a product or item via a pricing technique, showing only part-pricing of the product in advertisement while the real amount is revealed only during the full and final billing.

Have the wheels come off for Tesla?

As the electric carmaker sees sales fall and cuts jobs, we take a closer look at its problems.

BookTok’s influence on publishing is set to last

Social media has produced growth for once-niche genres and boosted authors little known to mainstream audiences

Renault Unveils Symbioz SUV; Check Design, Features, And Other Details

The Renault Symbioz debuts with Renault's E-Tech Full Hybrid 145 system, combining a 1.6-litre four-cylinder petrol engine, a multimodal automatic gearbox, two electric motors, and a 1.2kWh battery.  

Dearness Allowance hiked to 50%: Higher retirement and death gratuity, HRA, other allowances revised; check details

Government raised dearness allowance to 50% in March 2024, benefiting central government employees and pensioners. The increase led to adjustments in various allowances and gratuity limits, providing significant relief and benefits.

Natwest bonus scheme planned for Tell Sid shareholders

Natwest shareholders will be awarded bonus shares if they hold onto its stock for more than a year, plans for the sale of the government's stake in the bank have indicated.

New momentum builds for US Gulf of Mexico drilling

Shell, BP, Chevron and other energy majors are doubling down on drilling in the US Gulf of Mexico, citing offshore production -More- 

Trump Media fires auditing firm that US regulators have charged with 'massive fraud'

Trump Media and Technology Group, the owner of social networking site Truth Social, has fired an auditor that federal regulators recently charged with “massive fraud.” The former president’s media company dismissed BF Borgers as its independent public accounting firm on Friday and engaged ...

For sale! Lloyds-backed estate agents Lomond goes on the market

An estate agency group backed by the private equity arm of Lloyds Banking Group is being put up for sale in the latest sign of corporate activity in the sector.

European Oil Giants Consider Shifting Their Listings to the U.S.

TotalEnergies and Shell are contemplating the advantages of listing shares in the United States to strengthen what they say are low market valuations.

Fed's Bowman willing to raise rates if inflation rises

US inflation should continue to fall with the rate held at its current level, but there are a "number of upside inflation ris -More- 

Channel Tunnel operator ratchets up plans for Eurostar rival as competition heats up

A challenger to Eurostar's monopoly is looking increasingly likely and Eurotunnel has said it is ratcheting up preparations.

How Vladimir Putin’s gas empire crumbled

Vladimir Putin is throwing everything he has got at ramping up Russia’s war machine. But it does not include one previously reliable source of cash.

Bajaj Pulsar NS400Z: What Does 'Z' Signify?

According to insights from Bajaj's management, the inclusion of 'Z'  could be a new beginning and it is possible that the company may use 'Z' in more new motorcycles in the future. 

Bank of England to hold rates again – but it could signal a summer cut is on the cards

The Bank of England is set to leave interest rates on hold again on Thursday, but policymakers could signal a willingness to cut rates in the near future if inflation continues to fall.

British Airways owner preps results amid Air Europa takeover delays

British Airways owner IAG will report its first quarter results on Friday amid investor scepticism grows over its latest attempt to purchase Spanish carrier Air Europa.

Built, test, repeat: Meet the scientist-turned-entrepreneur by accident

Build, test, repeat – rejection – build, test, repeat. Sound familiar?

We are non-political, say McLaren after Trump-Norris “charm”

It came after Lando Norris said it had been “cool” to meet Trump after his victory in Miami – the first of his Formula 1 career.  

John Swinney ‘deeply honoured’ to be new SNP leader

Former Scottish deputy first minister John Swinney said he was “deeply honoured” to have become the new leader of the SNP.

Survey: Traders expect 0DTE options boom to expand

A boom in zero-days-to-expiration options is likely to continue, a Bloomberg survey shows, despite concerns about issues in t -More- 

Week ahead: JD Wetherspoons, BP, IAG and more train strikes

The week ahead will also reveal Halifax's house price index, PMI construction figures and an interest rate decision from the Bank of England.

Burson names Latz, Toups and Kief to lead technology and innovation

Chad Latz and Chris Kief work at BCW, while Grant Toups is with Hill & Knowlton. The two agencies are set to combine in July.

Welcome to AML 2024!

Colleagues from across the securities industry and capital markets are gathering from May 6-7 at SIFMA's Anti-Money Launderin -More- 

Current trends in oil and gas financing

Amid a mixed financial landscape shadowed by political uncertainties, US oil and natural gas producers are increasingly drawi -More- 

Market-based schemes not reducing deforestation, poverty: report

Market-based approaches to forest conservation like carbon offsets and deforestation-free certification schemes have largely failed to protect trees or alleviate poverty, according to a major scientific review published…

BASF's Chemovator backs hemp-based plastics additives

Chemovator, a business incubator operated by BASF, has directed $200,000 toward Heartland Industries to potentially scale the -More- 

Solar firm brings 908 jobs to Greenville, N.C.

Boviet Solar Technology will build its first US solar manufacturing plant in Greenville, N.C., bringing 908 jobs to the town  -More- 

Bizav supports push toward net-zero

Billy Nolen, chief regulatory affairs officer at Archer Aviation, is highlighting the role of business aviation as a pioneer  -More- 

EU clears Nippon Steel buyout of U.S. Steel

The European Union on Monday approved the $14 billion takeover of major American manufacturer U.S. Steel by Japan's Nippon Steel, which U.S. President Joe Biden has opposed. The…

China making a play for green H2 supply chain dominance

China controls the global supply chain for solar and many other clean energy products, and the same may hold true for green h -More- 

Economy gained 175K jobs last month, Labor Dept. says

The US economy added 175,000 jobs to nonfarm payrolls in April, below expectations and the smallest gain in six months, accor -More- 

Shell caught selling "phantom" carbon credits in Canada

An examination of records in Canada's Alberta province reveals that Shell sold about twice as many carbon credits to oil sand -More- 

Is pet insurance worth it? Experts weigh in

Pet insurance can be a (literal) life-saver, given the high cost of vet care, but parents of older or unhealthy pets might face prohibitive premiums.

ANZ boss sees ‘stress’ in the economy as bank profits slide 7 per cent

ANZ chief executive Shayne Elliott said competition especially in home loans was stronger than ever as the bank announced a cash profit of $3.55 billion and a $2 billion share buyback.

Nonprofit Chicago production house Invisible Institute wins 2 Pulitzer Prizes

A nonprofit Chicago journalism production company has won two Pulitzer Prizes for local and audio reporting. The Invisible Institute is based on the city’s South Side and is dedicated to holding public institutions accountable. The company and its reporter Trina Reynolds-Tyler, along with ...

Ukraine, brandy and EVs top the agenda on Xi's charm offensive

Xi Jinping is on his first visit to Europe in five years - and it feels much like a charm offensive.

A US company is fined $650,000 for illegally hiring children to clean meat processing plants

A Tennessee-based sanitation company is agreeing to pay more than half a million dollars after a federal investigation found it illegally hired children to clean dangerous meat processing facilities. The U.S. Labor Department on Monday said Fayette Janitorial Service LLC has agreed to nearly ...

Reeves: Government 'gaslighting' people on economy

The shadow chancellor's speech comes ahead of key figures likely to show the UK emerging from recession.

Wayve: Nvidia and Microsoft back British self-driving startup in boost for UK’s AI goals

Wayve has conducted trials on UK public roads since 2018 and has already partnered with delivery fleets from Asda and Ocado.

Bengaluru Traffic Advisory For Third Phase Of Lok Sabha Elections: Check Alternative Routes to Avoid Jams

The Bengaluru traffic police have urged the public to plan their routes accordingly and consider alternative paths to avoid delays amid third phase of Lok Sabha elections.

PwC and EY hit with fines over LCF audit failures

UK watchdog imposes multimillion-pound penalties for ‘multiple breaches’ during review of group at centre of savings scandal

Boeing facing fresh probe after employees 'falsely claim tests had been completed'

Federal air safety regulators have opened a fresh investigation into the Boeing 787 Dreamliner - after the firm said several employees had committed "misconduct" by falsely claiming tests had been completed.

News24 Business | TotalEnergies faces possible involuntary homicide probe around Moz terror attack

French prosecutors have asked the survivors and families of victims of a 2021 jihadist attack in Mozambique for additional information before deciding whether or not to launch an investigation into their involuntary homicide claims against TotalEnergies

UBS reports stronger than expected profit in first quarter

Wealth management business helps drive Swiss lender’s $1.8bn in net profit

Thompson Center's $280M redevelopment underway, becoming Google's Chicago headquarters

The FAA investigates after Boeing says workers in South Carolina falsified 787 inspection records

The Federal Aviation Administration has opened an investigation into Boeing after the beleaguered company reported that workers at a South Carolina plant falsified inspection records on certain 787 planes. Boeing said its engineers have determined that misconduct did not create “an immediate ...

Swiss army knife goes blade-less as weapon rules tighten

The Swiss Army Knife, the iconic, more than century-old fold-up tool used by whittlers, soldiers and even astronauts, will soon be available without a blade.

Asset management industry ‘under pressure’ as costs rocket

The global asset management industry is coming “under pressure” globally this year as costs rocket at nearly twenty times the rate of revenues, Boston Consulting Group has warned.

Local EV industry sees bright prospects

Local operators of businesses related to electric vehicles (EVs) remain upbeat about the growth prospects of the Thai EV market, as they do not expect a slump similar to the one in Europe.

More fiscal measures on the cards

The Finance Ministry plans to study fiscal measures that can create economic momentum following the implementation of the digital wallet stimulus project.

In a 1st, ICICI Prudential Life links commissions to fund value

Duo reveal gateway technology strategies

The Digital Economy Promotion Agency (Depa) and business technology platform Techsauce have jointly unveiled four strategies and objectives to propel Thailand towards becoming the technology gateway of Southeast Asia by 2030.

Strategic planning and forecasting in uncertain times

Businesses nowadays not only have to tackle an economic slowdown, but also have to create value for stakeholders, from employees to customers to social and environmental advocates. Consequently, having the capability to accelerate value creation is critical.

NSE Trading Hours Not To Be Extended As Sebi Rejects Proposal: NSE CEO

NSE MD & CEO Ashishkumar Chauhan said that due to the lack of feedback which SEBI had sought from stock brokers, the proposal to extend trading hours was rejected.

Boeing crewed space launch postponed for safety check

First crewed space flight of Boeing's Starliner was postponed shortly before lift-off due to glitch.

Behind Nigeria’s Arrest of Binance Employee, Claims of a Bribe Request

A compliance officer for the cryptocurrency exchange told senior executives and Nigerian contacts that the company had been asked to pay $150 million in crypto.

Malaysian government defends presence of companies that supply weapons to Israel at defense show

KUALA LUMPUR, Malaysia (AP) — Malaysia will not interfere in business relations between arms manufacturers and other countries, its defense minister said Tuesday, after protesters demanded that the government expel companies that supply weapons to Israel from an international ...

Al Gore fund boosts Octopus Energy stake as valuation soars to £7.2bn

Octopus Energy has cemented its status as one of Britain's most significant private companies after a series of share trades valuing it at $9bn (£7.2bn).

How Miu Miu escaped the luxury slowdown which hit LVMH, Gucci and Watches of Switzerland

Miu Miu has managed to create a brand which taps into to the Chinese fashion trends Gen Z shoppers are looking for.

A look at how female-led VC companies are growing share

Female-founded or co-founded venture capital companies reached peaks in 2022 and 2023, led by firms in the San Francisco area -More- 

Reflections

I had dinner with my friend James* recently. He’s an influential executive at a media organization.

Greenwashing concerns investors

More than nine in ten investors (94%) believe corporate reporting on sustainability performance contains unsupported claims, according to the PwC 2023 Global Investor Survey.

Netflix adds 9.3 million new subscribers, beats expectations

The streaming service now claims a total audience of over half a billion and has tried to maximize revenues by cutting down on account sharing and introducing advertisements.

Taylor Swift bill is signed into Minnesota law, boosting protections for online ticket buyers

People buying tickets online for concerts, sporting events and other live events in Minnesota will be guaranteed more transparency and protection under a so-called Taylor Swift bill signed into law Tuesday by Gov. Tim Walz. The law was prompted by the frustration a legislator felt at not being ...

Disney’s streaming success could point to next chief

Bob Iger whose second run at helm will end in 2026 views the video unit as an inevitable shift

Most FTX account holders will get their money back after bankruptcy

Reorganisation plan for Sam Bankman-Fried’s failed crypto exchange will pay 118 cents on the dollar

KingBridge office tower ahead of schedule

KingBridge Tower, a 6-billion-baht office building project, is ahead of schedule with construction 80% complete and an occupancy rate of 50%.

The painful slump in Hong Kong property

Prices and rents have fallen amid higher interest rates and a slowdown in China. Some experts warn that recovery could be elusive

Japanese financial company SMFG to invest Rs 1.3k crore in Indian arm

Garmin targets double-digit growth

Garmin, the leading GPS smartwatch manufacturer, has allocated a hefty marketing budget to shift the target market from athletes to wellness enthusiasts, aiming to achieve double-digit growth in Thailand.

Alabama lawmakers approve tax breaks for businesses that help employees afford child care

Alabama lawmakers have approved legislation to provide state tax breaks to businesses that help their employees afford childcare. The Alabama Senate on Tuesday voted 31-0 for the bill that now goes to Gov. Kay Ivey for her signature. The bill would set aside $15 million in tax credits that ...

Fraud victim's 18-month fight for £80,000 refund

Ahead of new rules coming in designed to better protect fraud victims, one woman tells of her fight to get her money back.

More and faster: Electricity from clean sources reaches 30% of global total

A record 30% of global electricity was generated from renewables in 2023, according to a report released by Ember, a think tank based in London. Solar was the main factor in adding clean energy to the global electricity grid. Ember predicted 2023 was likely the peak of fossil fuel electricity ...

Economists back BoT's autonomy

The Bank of Thailand must be independent to pursue its role of maintaining economic stability, say economists, noting that interest rates have a minimal impact on increasing economic growth, but could affect the stability of the baht and cause household debt to rise.

TikTok makes a stand against forced sale or ban in the US

TikTok has filed a court challenge against a recently-enacted US law that would force its Chinese parent to divest its US business or close it down.

Pichai takes finance helm

Newly appointed Finance Minister Pichai Chunhavajira has vowed to expedite efforts to deal with household debt, revive the economy and increase individuals' income.

Apple deletes San Francisco highway to better advertise new iPads

 Apple took an SF neighborhood-sized creative liberty with its new iPad video.

Council anticipates 1-2% export growth

The Thai National Shippers' Council (TNSC) is confident exports will grow by 1-2% this year and suggested the planned hike in the daily minimum wage must be considered thoroughly, with supportive government measures provided under the wage committee mechanism.

Dalal street 'fear index' jumps to highest level in 15 months

How major US stock indexes fared Tuesday, 5/7/2024

U.S. stocks held relatively steady as trading on Wall Street calmed following some sharp recent swings. The S&P 500 rose 0.1% Tuesday, its fourth straight gain. The Dow Jones Industrial Average rose 0.1%, and the Nasdaq composite slipped 0.1%. Kenvue, the company behind Band-Aids and Tylenol, ...

Toxic culture is the norm at the FDIC, outside review cites 500 employee complaints

A law firm investigation of the FDIC documents a toxic workplace culture where hundreds of employees complained of sexual harassment, discrimination and other misconduct.

Singapore Airlines places order for sustainable fuel

Refiner Neste, based in Finland, will combine regular airline fuel with renewable waste and raw materials to help Singapore A -More- 

I try to remember we can always make a difference no matter how difficult things are. There's no such thing as small. ... Big or small, it's all big.

Helen Zia, writer, journalist, activist May is Asian American, Native Hawaiian, and Pacific Islander Heritage Month

Can "sister cities" help siblings with climate change?

Having a similar-sized "sister city" in another country could help communities deal with climate change and individual disast -More- 

RMI pinpoints 5 barriers to rapid transition finance

Transition finance inflows need to expand rapidly to keep the move to net-zero emissions on track, but the process has been s -More- 

Tame toxic algorithms to protect children, big tech told

Big tech companies will have to make changes to their algorithms to comply with new online safety laws.

Panera to stop serving 'Charged Sips' drinks after wrongful death lawsuits over caffeine content

Panera Bread said it’s discontinuing its Charged Sips drinks that were tied to at least two wrongful death lawsuits due to their high caffeine content. Panera didn’t say Tuesday whether the drinks were being discontinued because of the lawsuits or health concerns. It also wouldn’t comment ...

FDIC report outlines 'misogynistic,' 'patriarchal' 'good ol' boys' workplace culture

An independent review of the Federal Deposit Insurance Corp.’s workplace culture describes an environment that fostered “hostile, abusive, unprofessional, or inappropriate conduct,” and questions whether the agency’s chairman is credible to lead the agency through a cultural ...

New MIT hub aims to scale up multifunctional concrete

MIT and Aizawa Concrete will collaborate over the next five years to scale up multifunctional concrete-based infrastructure s -More- 

Commercial jet maker Airbus is staying humble even as Boeing flounders

In the latest round of their decades-long battle for dominance in commercial aircraft, Europe’s Airbus established a clear sales lead over Boeing even before the American company encountered…

Japan Post, Seino to team up on deliveries to counter driver shortage

Japan Post Co and Seino Transportation Co will collaborate in long-distance parcel deliveries, utilizing shared trucks, in response to concerns over a decrease in transport delivery capacity following…

Air India Express cancels 70 flights after crew members go on 'mass sick leave'

Air India Express has cancelled more than 70 international and domestic flights from Tuesday night to Wednesday morning due to "mass sick leave" among senior crew members, according to the airline's spokeswoman. The guests who have been affected by the cancellations would be refunded or receive ...

Train maker Alstom plans €1bn rights issue to trim debt

French group in talks with UK government over salvaging Derby factory says its free cash flow is set to improve

Future of MLB's Tampa Bay Rays to come into focus with key meetings on $1.3B stadium project

The future of the Tampa Bay Rays is about to come into clearer focus as the St. Petersburg City Council begins discussions about the team's planned $1.3 billion ballpark. The stadium would be the anchor of a much larger project to transform downtown with affordable housing, a Black history ...

India received over $111 billion in remittances in 2022, first country to ever reach that figure: UN

In its World Migration Report 2024, the International Organization for Migration (IOM) revealed that India has set a historic milestone by receiving over USD 111 billion in remittances in 2022, making it the largest recipient globally. The report highlights that India, along with Mexico, China, ...

TikTok sues to block US law that could ban app

TikTok said the measure was an "extraordinary intrusion on free speech rights".

US revokes licences for sales of chips to Huawei

The US confirmed it revoked licences allowing the export of some goods to Chinese tech giant.

'Critical turning point': Renewable power reaches record 30% of global electricity

Experts have hailed a "critical turning point" as renewable power generated a record-breaking 30% of the world's electricity last year, new data has found.

Paul Lawrie: Ryder Cup topped Open win – golf needs more cut-throat match play

Lawrie champions match play golf, arguing that it shouldn’t be consigned to the Ryder Cup.

Social media firms told algorithms must not recommend harmful content to children

Social media platforms must do more to stop their algorithms from recommending harmful content to children, Ofcom has said.

‘A joke’: The $2.2b deal with no detail that has left investors fuming

Hostilities have broken out over wealth powerhouse Perpetual’s deal to sell two of its major divisions and brand to private equity giant KKR.

'No indication of malicious activity' as e-gates back working at UK airports after travel chaos

A "nationwide issue" with e-gates at airports has been resolved after causing travel chaos across the country, the Home Office has said.

Pubs told they can stay open for longer - but it depends on success of England and Scotland football teams

Pubs will be able to extend their opening hours to 1am if England or Scotland make it to the Euro 2024 semi-finals this summer.

The Camberwell Arms’ Mike Davies on his top London restaurants

We quizzed Mike Davies, chef director of The Camberwell Arms, about his favourite places to eat out in London

IGL Q4 net profit rises 16%

Indraprastha Gas Ltd, the largest CNG retailer in India, reported a 16 per cent increase in net profit for the March quarter due to higher gas sales. The company stated that the net profit for the latest January-March quarter was Rs 382.80 crore, compared to Rs 329.75 crore profit recorded ...

Panera says it will stop serving 'Charged Sips' drinks at center of lawsuits

Panera Bread said it's discontinuing its Charged Sips drinks that were tied to at least two wrongful death lawsuits due to their high caffeine content.

Train strikes only serve to hurt the hardest working Londoners

Working from home has changed many things. For one, it’s turned train strikes from a nation-strangling act of economic terrorism into an entertaining monthly diversion for millions of office workers. As such, the unions have responded by upping the ante: more strikes, more often. The workers ...