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SEC rejects Coinbase move to define key crypto question

The Securities and Exchange Commission has said it does not believe Coinbase's request to review if securities rules apply to -More- 

VCs embrace defense startups but remain linked to China

Venture capital investors are ramping up their support for startups working on military technology the US needs but many stil -More- 

Reasons startups should be measuring sustainability

Despite having a long list of things to do, startup founders should consider measuring their sustainability efforts as soon a -More- 

Blueconic CEO on the challenges female executives face

Cory Munchbach, CEO of BlueConic, never aspired to be a CEO but focused on looking for positions where she could grow, and sa -More- 

TikTok Creators Sue to Block U.S. Law Requiring Sale or Ban

The group, whose legal fees are being paid for by the company, said a ban of the app would violate their First Amendment rights.

Ten federal agencies receive 'A+' in annual scorecard measuring small business contracting goals

It's not something that is normalized in our culture, but it's a very good skill to learn: to be vulnerable enough to ask for help and to receive help.

Jennifer Pharr Davis, long-distance hiker, environmental activist, entrepreneur

Publicis Groupe appoints chief impact officer to steer global ESG commitments

Nannette LaFond-Dufour will report to global boss Arthur Sadoun,

Alibaba's profit in Q4 tumbles due to equity investments, New York-listed stock plunges

Chinese e-commerce company Alibaba Group Holding on Tuesday posted a greater-than-expected decline in profit for the fourth quarter due to its equity investments, sending its stock price plunging in New York. Its net income for the quarter ended March was 3.3 billion yuan ($453 million), down ...

Google's unleashes AI in search, raising hopes for better results and fears about less web traffic

Google has rolled out a retooled search engine that will frequently favor responses crafted by artificial intelligence over website links. It's a shift promising to quicken the quest for information while also potentially disrupting the flow of money-making internet traffic. The makeover ...

How to frame your experience when switching careers

Making a career pivot to a new industry can be daunting, especially if you have limited experience in certain areas, but job  -More- 

Jar Jar Binks is enjoying his redemption arc

When "The Phantom Menace" first came out in 1999, it was heavily panned, with many critics suggesting the movie emphasized te -More- 

White House announces over 100% tariff on Chinese EVs

The Biden administration announced a 102.5% tariff on Chinese electric vehicles in an effort to prevent cheap EVs from floodi -More- 

Meme stocks are roaring again. This time may be different

GameStop and other meme stocks are roaring once again, surging to dizzying heights suddenly and sharply. Some things are different this time around versus the initial supernova for meme stocks that shocked Wall Street in 2021. The biggest change is it that it all feels a bit familiar now. ...

CHROs' business optimism dips, survey suggests

Chief HR officers' confidence about business a year from now dropped slightly in the second quarter compared to the first qua -More- 

Biden quadruples tariffs on Chinese electric cars

The White House said they were a response to unfair policies and intended to protect US jobs.

How to succeed with skills-based hiring programs

Skills-based hiring can help bridge the gap between workers without college degrees and success, write experts Joseph Fuller  -More- 

How major US stock indexes fared Tuesday, 5/14/2024

Stocks ended higher on Wall Street, sending the Nasdaq composite to another record. The S&P 500 rose 0.5% Tuesday, and is sitting just shy of its own all-time high. The Dow Jones Industrial Average added 0.3%. The Nasdaq composite climbed 0.8%. Several “meme” stocks raced higher including ...

I Spy the value with Catcher in York’s Clipper

YORK’s Dante Festival begins today, where Oaks and Derby trials the Musidora and Dante take centre stage. Impressive Pretty Polly winner, Friendly Soul, is a strong favourite for today’s Musidora (3.45pm), while in tomorrow’s trial for the colts, Godolphin’s returning Ancient Wisdom ...

Citi executive responsible for implementing thousands of job cuts quits

Titi Cole, one of the most senior black women in finance, departs, while outgoing PwC US head Tim Ryan joins bank

News24 Business | Google to use AI-generated answers in search results - its biggest change in 25 years

Google on Tuesday said it would introduce AI-generated answers to online queries made by users in the United States, in one of the biggest updates to its search engine in 25 years.

US suggests additional tariffs if production of Chinese electric vehicles moves to Mexico

The Biden administration is suggesting that additional tariffs could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes. President Joe Biden on Tuesday directed the U.S. Trade Representative to impose a a total ...

Survey: 71% of workers want more skill training

A TalentLMS survey of US employees found 71% want to gain more skills, while 37% are concerned their existing skills may beco -More- 

Top 10 Countries With Highest Foreign Exchange Reserves Including Gold: Where do India, China, US stand? Check list

Military spouses overlooked in the workforce

One often overlooked sector in the workforce that faces unique challenges is military spouses, 92% of whom are women and typi -More- 

Germany reportedly mulls tax breaks to extend working hours

Germany is exploring tax breaks and welfare reforms that could spur employees to work more as it seeks to reverse a drop in w -More- 

Ill. treasurer backs climate activists fighting Exxon

ExxonMobil's dispute with two activist shareholder groups has spilled over into the political arena, with the state treasurer -More- 

Nescafe unveils accelerated sustainability success

Nestle's Nescafe brand has hit a regenerative agriculture goal two years ahead of time, as "92.5% of our global coffee suppli -More- 

Grid batteries prove their worth on hot nights in Texas

Unusually hot weather led to a surge in electricity demand in Houston on April 28, which could have led to an outage, but the -More- 

FT: Corporate climate targets may not mean fewer returns

Some shareholders at major oil companies like Shell are pushing back against climate-focused resolutions due to concerns abou -More- 

Seattle Times publisher Frank Blethen to step down after 4 decades in charge of family-owned paper

Seattle Times publisher and CEO Frank Blethen has announced he will step down at the end of next year, after four decades leading the newspaper his family has owned since 1896. Blethen, 79, confirmed his plans Monday in a Seattle Times interview. He said he expects to retain his position ...

Under Fire for ‘Toxic’ Work Culture, Bank Regulator Apologizes Again

A scathing report revealed a culture of widespread sexual harassment and discrimination at the Federal Deposit Insurance Corporation. Martin Gruenberg will testify on Capitol Hill starting on Wednesday.

‘Capital raising is dead’: Failed fintech Sargon has its finances put under microscope

Liquidators are questioning witnesses in the Federal Court about the finances of failed fintech venture Sargon, over allegations the company potentially traded while insolvent.

‘This is Bill. Bill Hwang’: US jury hears founder’s call to Archegos lenders

Recording comes in trial over whether investor and other executives duped Wall Street banks that lost billions

Sharp to stop making LCD at Osaka plant, end TV panel output in Japan

Sharp Corp said Tuesday it will halt production of large liquid crystal display panels by the end of September at its plant in Osaka Prefecture, the only television…

ASX eyes gains as Wall Street advances; Meme stocks surge

Stocks drifted higher in afternoon trading on Wall Street, leaving the market hovering just below the record high it set in late March.

Argentina reports its first single-digit inflation in 6 months as markets swoon and costs hit home

Government data in Argentina shows that the country’s monthly inflation rate has eased sharply to a single-digit rate in April for the first time in half a year. The figures are a closely watched indicator that bolsters President Javier Milei’s severe austerity program aimed at fixing the ...

The code-breaking maths whiz who built a $48 billion fortune

Jim Simons was working for the US government cracking codes and ciphers used by the Soviet Union when he had a brainwave.

GameStop and AMC shares surge for second day in ‘meme stock’ revival

Video game retailer climbs more than 50%, while cinema chain up more than 20%

Why Washington’s new tariffs on Chinese clean tech goods matter

Joe Biden’s move looks to court blue-collar votes in electoral swing states — but will be felt far beyond the US

Can Google Give A.I. Answers Without Breaking the Web?

Publishers have long worried that artificial intelligence would drive readers away from their sites. They’re about to find out if those fears are warranted.

Work with Sebi to avoid futures & options blowout, Finance minister Sitharaman tells exchanges

Finance minister Nirmala Sitharaman emphasized the importance of preventing an 'explosion' in retail futures & options to maintain investor confidence amid a shift to capital markets, while also addressing dollar appreciation, rupee trade, stability under PM Modi, and promoting ...

Five things to know about Biden's tariff hikes on Chinese electric vehicles

The Biden administration is quadrupling tariffs on China-made EVs. The tariffs are part of a broad swath of protectionist policies first imposed by former President Trump.

Google releases ‘Project Astra’ assistant in latest AI advance

Silicon Valley giant’s new product launch follows flurry of releases from tech rivals such as OpenAI

Remote work can carry its own environmental impact

Remote work means less commuting and probably reduces overall emissions associated with employment, but home offices are ofte -More- 

Sustainability grows as factor among auto shoppers

People considering buying cars are making sustainability a higher priority, while brand loyalty is losing ground as a factor  -More- 

TikTok content creators sue the U.S. government over law that could ban the popular platform

Eight TikTok content creators sued the U.S. on Tuesday over the new federal law that would could ban the social media platform nationwide. Attorneys for the creators argued in the lawsuit that the law violates users’ First Amendment rights to free speech, echoing legal arguments made ...

Sidewalk video ‘Portal’ linking New York, Dublin by livestream temporarily paused after lewd antics

The video screen “Portal” that lets people in New York and Dublin peer into life on opposite sides of the Atlantic in real time has been a source of whimsical delight, but also a magnet for boorish behavior that’s prompted officials to hit pause for now. The public art installation known ...

New US tariffs on Chinese electric vehicles, batteries and solar cells could raise consumer prices

New tariffs on Chinese electric vehicles and batteries, solar cells, medical equipment and other goods are intended to protect U.S. jobs and manufacturers. They could raise prices for some items for consumers, but broad inflationary pressures are unlikely in the short term. The tariffs are ...

OpenAI’s Chief Scientist, Ilya Sutskever, Is Leaving the Company

In November, Ilya Sutskever joined three other OpenAI board members to force out Sam Altman, the chief executive, before saying he regretted the move.

UK wage growth still high despite unemployment rise

The jobless rate increases to the highest for nearly a year but pay continues to surpass inflation.

FirstFT: Biden sharply hikes tariffs on Chinese EVs and tech imports

Also in today’s newsletter, Putin to visit China, and Anglo plans break-up to thwart £34bn BHP bid

Humans should learn soft skills that are beyond AI

As AI is integrated into all parts of industry, Kasia Wezowski, founder of the Center for Body Language, suggests that unique -More- 

More Americans are falling behind on credit card bills

Credit card delinquencies rose in the first three months of the year. That's a sign of the growing financial stress some families are feeling in an era of rising prices and high interest rates.

YouTube blocks Hong Kong protest anthem after court injunction bans song in the city

YouTube has blocked access to videos of a protest song in Hong Kong to comply with a removal order, days after a court approved an injunction to ban the song in the city. YouTube has blocked access to more than 32 videos of the protest song “Glory to Hong Kong” which have been deemed ...

Google Introduces Lightweight Gemini AI Model, Video Generation AI And More

Both Gemini 1.5 Pro and 1.5 Flash AI models are available in public preview with a 1 million token context window on Google AI Studio and Vertex AI.  

New visa rules force HSBC and Deloitte to withdraw UK job offers

Government has brought in higher salary thresholds for skilled workers as part of efforts to cut migration figures

Minas plays focal role in effort to ease Brazil’s fertiliser problem

State drive is under way to address vulnerability of nation’s agriculture to international events

Airtel’s profit slips 31% to Rs 2,072 crore in Q4

Bharti Airtel's profit fell 31% to Rs 2,072 crore in Q4, impacted by Nigerian Naira devaluation. Revenue increased 4% to Rs 37,599 crore. The company faced a forex loss of Rs 2,544 crore and achieved an industry-leading ARPU of Rs 209.

Sebi eases KYC compliance norms

Sebi eases revised KYC rule for investors, addressing NRIs' fund withdrawal issues. KRAs can validate PAN, name, address, email, and mobile number from official databases. 1.3 crore investors faced challenges in MFs, stocks, and commodities trading.

China’s SMIC warns of fiercer price war for less advanced chips

Demand in second half of year still ‘uncertain’, says top Chinese semiconductor maker

Cabinet okays 10-year EEC visa for foreigners

The cabinet has approved a special 10-year visa for executives and experts working in the Eastern Economic Corridor (EEC) to support the development of targeted industries in the country.

13,000 Illinoisans to divvy up $15 million in finance scam settlement

Costumes at temples ignites trend

Temples and palaces in Bangkok have attracted more foreign visitors, bolstered by the rising popularity of dressing in Thai costumes among Asian tourists, with a recent viral video clip showing groups of male travellers dressed in female attire.

The ups and downs of yo-yos, a classic toy with Chicago roots.

Thailand, Bhutan prepare for trade talks

Thailand and Bhutan are preparing to hold talks on a free trade agreement (FTA) during the 5th Joint Trade Committee (JTC) meeting this month, which could help boost bilateral trade to US$120 million.

The man trying to spoil BHP’s $64 billion party

Anglo American chief Duncan Wanblad has shown his hand as the company tries to fight off BHP. His “radical” Plan B looks a lot like BHP’s Plan A.

Superrich responds digitally to growing travel card threat

Despite growth in foreign arrivals, Superrich Currency Exchange (1995) Co, a leading local money changer, recorded zero growth in transactions during the first four months of this year, primarily attributed to competition from travel card services.

Court dismisses motion against NBTC

The Central Criminal Court for Corruption and Misconduct Cases yesterday dismissed a motion filed by True Digital Group for a court order to suspend National Broadcasting and Telecommunications Commission (NBTC) commissioner Pirongrong Ramasoota from her duties during the lawsuit alleging ...

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.

Vermin on planes and staff walkouts: Air India’s woes build as Tata pursues overhaul

Labour dispute tests conglomerate’s plan to turn round airline two years after taking it over

SME woes: Sebi flags fraud by 2 companies to pump up stock

Sebi uncovers accounting frauds at Varanium Cloud and Add-Shop E-Retail on the SME platform, leading to bans for financial manipulation. Market expert warns of regulatory impact on BSE SME IPO Index gains.

FTSE 100 today: London markets set to extend positive streak; trends hinge on US inflation data

Asian stocks mirrored Wall Street's rally. Sony surged on buyback news. Eyes on US CPI data and Burberry earnings.

YouTube Blocks ‘Glory to Hong Kong’ in the City

Responding to a court order, YouTube and its sister company, Google, will block viewers in the region from viewing videos of the song, “Glory to Hong Kong.”

Watchdog to warn tech leaders over data protection in AI

The UK's data watchdog chief is set to warn tech businesses that they must "bake in" data protection at every stage of developing artificial intelligence technologies in order to properly protect people's personal information.

Central Retail sees revenue rise by 6% in Q1

Central Retail Corporation (CRC) revenue increased by 6% to 67.3 billion baht in the first quarter of this year.

Starmer’s labour market reforms will put people out of work

Keir Starmer's plans to expand workers' rights will push up the cost of hiring people and push some people out of their jobs

Stock market today: BSE Sensex opens flat, up over 80 points; Nifty50 above 22,250

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, saw a muted opening in trade on Wednesday. While BSE Sensex moved up over 80 points, Nifty50 was above 22,250.

Gold-digging in South Beach

Plus, the hunt for Greensill Capital’s lost billions and private equity dodges the FTC’s wrath

Latest US inflation report may provide clues to future path of prices and interest rates

It’s perhaps the biggest question swirling around the U.S. economy right now: Is inflation stuck at an elevated level — or will last year’s steady decline resume sometime soon? On Wednesday, the government will issue the latest monthly inflation report, a set of figures that will ...

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.

BHP says Anglo American shareholders must decide merger fate

BHP boss Mike Henry has thrown down the gauntlet to Anglo American’s shareholders, after the London-based miner rejected the Australian giant’s latest takeover offer.

Rapid steps needed for Britain to compete in green industrial revolution - thinktank says

Britain has a chance to compete in the green industrial revolution, but only if the government takes rapid steps to help shore up its industry, according to an important new report.

Insurance pushed for natural disasters

The Office of the Insurance Commission (OIC) has issued a warning to high-rise building operators, farmers and the public to obtain insurance coverage for properties to deal with mounting natural disaster risks.

OpenAI co-founder and chief scientist Ilya Sutskever departs

Announcement of exit comes six months after Sutskever and others moved to oust CEO Sam Altman

How IT companies are pressing staff to return to office

IT companies are implementing strategies to encourage workforce return to the office. Cognizant, TCS, Dell, Wipro, and Infosys have introduced various measures. Cognizant's CEO launched a compliance app, while TCS links pay to office presence. Dell tracks employees, Wipro enhances ...

Vanguard chooses former BlackRock executive Salim Ramji as CEO

The first outsider to lead the $9tn money manager will take up his role in July

SEC’s priorities go haywire as they register “Unicoin” scam whilst suing Uniswap

Back in 2009, Judge Denny Chin sentenced Bernie Madoff to 150 years behind bars. Madoff's estimated $64 billion scam has become known as the largest Ponzi scheme ever. His promises of consistent and above-average returns, and his credibility as Nasdaq chairman, led to investors depositing tens ...

Wholesale inflation hits 13-month high

Wholesale price inflation surged to a 13-month high in April, driven by fuel, power, and food prices. The Commerce and Industry Ministry reported a 1.3% increase in the Wholesale Price Index (WPI), attributed to rising prices of food articles, electricity, and crude & gas.

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.

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.

China ‘dwarfs’ US investments in EU neighbourhood countries

Countries in eastern Europe, north Africa and central Asia receive more funding from Beijing, EBRD says

Is Westminster leading a workplace revolution? The noes have it

After MPs voted to ban politicians who’ve been arrested from parliament, Westminster has gone further than the law dictates, so should other employers follow suit? Asks Simon Neville Earlier this week MPs voted to approve new rules that would see politicians banned from the Parliamentary ...

How to crack the economics of EV charging

Breaking the cycle of frustrated drivers and unprofitable charge points is doable

Firms prepare for next phase of CBAM

Local businesses, especially small and medium-sized enterprises (SMEs), need help to improve their manufacturing environmental standards as new phases of the European Union's Carbon Border Adjustment Mechanism (CBAM) are slated to cover exports to the bloc, says the Joint Standing Committee ...

Employers are reforming workers’ rights and Labour is right to follow their lead

Enlightened employers are already prioritising security and flexibility at work in order to attract the best talent, says Anthony Painter of the Chartered Management Institute With it’s plans to reform workers’ rights, Labour has managed to attract the ire of both the business lobby and the ...

The Notebook: My key takeaway from a year at Just Eat? Tech isn’t the enemy

Just Eat's Claire Pointon reflects on what she's learned from one year on the job (as well as the takeaway giant's kinship with Taylor Swift).

Boeing breached MAX crash crisis criminal prosecution deal - US officials

A new twist in the safety crisis engulfing Boeing could see the airline prosecuted over the fatal 737 MAX crashes in 2018 and 2019 that left 346 people dead.

Walmart lays off hundreds of employees and requires others to relocate

Walmart said it will require most remote workers in its Dallas, Atlanta and Toronto offices to relocate to its offices in Bentonville, Arkansas; Hoboken, New Jersey; and the San Francisco Bay Area.

EU rebuffs UK attempt to continue collaborating on nuclear fusion experiment

Bloc tells London it will be locked out of Iter project in France within months unless it rejoins civil atomic programme

Thieves cut cables from 9 Tesla EV charging stations in California

Thieves in California's Bay Area have turned their attention to the high-powered Tesla and other electric vehicle (EV) charging stations, seeking out the valuable copper inside the heavy-duty cables.

Vertu Motors enjoys record revenue after bumpy year

Used car dealership Vertu Motors saw revenue and pre-tax profit rise in its annual results after a bumpy previous year forced the firm to issue a profit warning.

Inside the Rent Inflation Measure That Economics Nerds Love to Hate

The Consumer Price Index inflation measure accounts for housing costs in a complicated way. There are reasons for it.

Relief for investors! Insurance behemoth LIC gives 3-year time to achieve 10% public shareholding

LIC: According to Sebi regulations, all listed companies must maintain a 25% public float. However, newly-listed companies are given a three-year window to meet this requirement.

Voice-cloning technology bringing a key Supreme Court moment to 'life'

The use of a voice-cloning technology marrying old audio clips to an actor's narration is bringing an historic U.S. Supreme Court decision to life. A recreation allows listeners to ‘hear’ the oral arguments and reading of the decision in the 1954 Brown v. Board of Education decision. That ...

There's usually no need to panic when planes make emergency landings. Here's why

Planes make diversions — also called "emergency landings" — all the time. Almost always, everyone on board is fine. Here are some reasons why.

Spending watchdog says HMRC in ‘declining spiral’ and needs to rethink ‘unprecedented’ job cuts

Taxpayers spent the equivalent of 800 years on hold when trying to phone HM Revenue and Customs' customer service in 2022-23, according to a scathing report by the UK spending watchdog that found the public had been "let down".

Catering giant Compass raises guidance following contracts at Kew and Royal Opera House

Catering giant Compass Group has raised its profit guidance following a strong performance in the six months to the end of March. 

Fall in new houses being built leads to losses widening at listed manufacturer

A fall in the number of new houses being constructed across the UK contributed to losses widening at a London-listed manufacturer.

Imperial Brands: Cigarette maker’s profit dwindles despite rise in vaping

Tobacco giant Imperial Brands saw profit dwindle as the volume of products sold continued to decline, despite an uptick in vaping.

Consumer confidence falls for second month

Thai consumer confidence fell for a second straight month in April, dented by a slow economic recovery and higher living costs, a survey showed on Wednesday.

Morocco’s automotive industry shifts gears to prep for electric vehicle era

Morocco has grown its automotive industry from virtually non-existent to Africa’s largest in less than two decades. The North African kingdom supplies more cars to Europe than China, India or Japan, and has the capacity to produce 700,000 vehicles a year. Moroccan officials are determined ...

Tesco boss's pay more than doubles to £10m

Ken Murphy's package includes a pay-out from shares awarded after he joined the supermarket giant.

Indonesia seeds clouds to block rainfall after floods killed at least 58 people while 35 are missing

Indonesian authorities have seeded clouds in a bid to prevent further rainfall after flash floods that hit the country's Sumatra Island over the weekend left at least 58 people dead. Another 35 are missing. A landslide of mud and cold lava from Mount Marapi, triggered by the monsoon rains, ...

Burberry profits slump as demand from Chinese shoppers wanes

Burberry profits plunged as Chinese consumers turned away from the luxury retail industry at the start of this year. ]]>

TBO Tek Shares Zoom 55 Pc In Debut Trade

The Rs 1,551-crore IPO had a fresh issue of up to Rs 400 crore and an offer-for-sale of up to 1,25,08,797 equity shares. 

Why Indian IT’s reliance on H-1B work visas has plunged 56% in the last 8 years

Indian IT companies adapt to US visa changes, shifting to local hiring and digital services, while American tech giants like Amazon and Google see notable increases in H-1B visa approvals.

North Lawndale neighbors fight plan to demolish historic buildings, add truck traffic

Anushka Sharma, Virat Kohli-Backed Go Digit IPO Kicks Off -- Are Virushka Divesting Their Stake? Key Things To Know

Go Digit General Insurance Ltd is backed by Star Cricketer Virat Kohli and Bollywood actor Anushka Sharma.

Edmunds: The five things you need to know before buying your first used Tesla

Used Teslas aren’t as expensive as you might think, especially with the company’s recent price cuts on its new models. But if you’re not familiar with Teslas then you likely might not know the difference between the different models and trim levels, or know what kind of warranties they ...

CNX plans $1.5B hydrogen fuels plant at Pittsburgh airport, but wants federal tax credit to build it

Natural gas producer CNX Resources says it plans to build a $1.5 billion facility at Pittsburgh’s airport to make hydrogen-based fuels. But, in its plan unveiled Wednesday, it says it will only build it if President Joe Biden’s administration allows coal mine methane to qualify for hydrogen ...

Inside OpenAI’s Library

OpenAI may be changing how the world interacts with language. But inside headquarters, there is a homage to the written word: a library.

How Are Dash Cams Useful During Insurance Claims? Expert Explains

According to Mr. Vanesh Naidoo, Founder and Director, SafeCams, " Dashcam footage can serve as crucial evidence during insurance claims. 

West has 'good hand in China economic battlefield but it doesn't have to be war'

The boss of the world's biggest bank has told Sky News that Western economies have a "good hand" in the "economic battlefield" with China but declared it doesn't have to be war.

News24 Business | Potential good news: June fuel prices on track for cuts

The petrol price is currently on track for a hike at the start of May, while diesel could be lowered slightly.

Top 7: The best spas in the UK and beyond

Feeling frazzled, want to take your fitness to the next level or need to seriously detox with a fast? We round up the best spas and wellness breaks to reboot mind, soul and body . . . 

Aldi and Hy-Vee stores recall cream cheese varieties for possible salmonella risk

There have been no reports of negative reactions as a result of the recall, the FDA said last week. The products should be thrown away, or returned to either an Aldi or HyVee store for a full refund.

Asian markets follow Wall Street higher ahead of key inflation update

Asian stocks were mostly higher on Wednesday after a rally on Wall Street that took the Nasdaq composite index to a record high. A report Tuesday showed that…

Former Dragons’ Den star Theo Paphitis targets first Boux Avenue profits

Former Dragons' Den star Theo Paphitis is targeting a first ever profit for his lingerie stores chain Boux Avenue despite its losses widening.

Target scales back on its LGBTQ+ merchandise ahead of Pride Month 2024

In a statement to NPR, a spokesperson for the retail giant says it is committed to supporting the LGBTQ+ community year-round, not only during the month of June.

Go Digit Insurance IPO open for subscription: Should you invest in the Virat Kohli-backed firm?

Go Digit Insurance IPO, supported by Virat Kohli, opens for subscription until May 17. Virat Kohli acquired shares in 2020, while Anushka Sharma invested through a private placement.

Shawbrook Bank delivers steady lending growth as specialist focus pays off

Specialist lender Shawbrook has reported an increase in loans and deposits as it steps up its challenge to the big banks.

More than half of Invesco funds performance flagged as an ‘area of concern’

Asset managers are required to publish an Assessment of Value report annually by the Financial Conduct Authority.

Why ‘ABC’ should stand for ‘Always buy Chardonnay’

Chardonnay is a beautiful grape, and we all owe it a whole heap of love and gratitude – it's far more varied than you probably realise

News24 Business | Japanese Itochu-led group edges towards R108bn green ammonia deal in SA

A group led by Japanese trading house Itochu is nearing an agreement to buy green ammonia from Hive Hydrogen South Africa, a R108-billion project that could make the country a global leader in producing the fuel.

News24 Business | BHI scandal: Lynchpin in limbo as AfriForum asks to have a say

The state's fraud case against Craig Warriner, the investment manager behind the scandal-ridden BHI Trust, has been postponed to allow AfriForum to contribute to the proceedings.

Senators Propose $32 Billion in Annual A.I. Spending but Defer Regulation

Their plan is the culmination of a yearlong listening tour on the dangers of the new technology.

Coal India, NMDC, ONGC Videsh to actively scout for critical mineral assets abroad: Government

India closes gap with China as weight in MSCI equity index hits record high; $2 billion inflows expected

India's weight in MSCI's Global Standard index has reached a record high, narrowing the gap with China, boosting prospects for inflows into equity markets. Effective May 31, China's weightage will decrease from 25.4% to 25%, while India's weight will increase from 18.2% to 19%.

Air India Express Operations Return To Normal After Major Flight Disruptions

Air India Express faced disruptions due to a cabin crew strike, resulting in the cancellation of several flights.   

Mahindra XUV 3XO Bookings Open, Here Are Top 5 Pros & 6 Cons

Mahindra recently launched the facelift version of the XUV300, named the XUV 3XO. The company has now commenced bookings for it, with deliveries set to begin from May 26th. 

Dart sharpens drill focus in Victorian gold hunt

Dart Mining has stepped-up its quest to find high-grade gold at its highly-prospective Victorian gold play, with the completion of two more diamond drillholes.

SEBI Grants LIC 3 More Years To Achieve 10% Public Shareholding Norm

The revised timeline for the state-owned insurance giant to achieve 10 per cent public shareholding has been extended till on or before May 16, 2027.

Britvic: Brand behind Pepsi distribution cheers bumper growth as canned Lipton Ice Tea booms

Britvic revenue grew thanks to the strength of Lipton Ice Tea, with the canned version's launch bumping the brand's revenue up 27.6 per cent.

Major Mission Group shareholder told to reject Brave Bison bid

One of Mission Group's major shareholders has been advised to reject by a bid by a competing digital marketing agency Brave Bison, calling the offer "highly unattractive".

HSBC and Deloitte latest to pull job offers from UK grads due to new immigration rules

HSBC and Deloitte have reportedly withdrawn job offers to foreign graduates of UK universities as new immigration rules bite

Burberry: Profit slips after tough year for luxury brands

British fashion house Burberry reported a decline in operating profit for the full year as the brand continues to feel the pinch from consumers reducing spending on luxury items. 

Workday to invest £550m in Britain to cement it as tech ‘superpower’

US software giant Workday has announced plans to invest more than £550m in the UK over the next three years.

How China is helping keep the Russian economy afloat

China threw Russia an economic lifebelt after the West hit Moscow with sanctions over the war in Ukraine. As Putin prepares to visit Beijing this week to promote even closer ties, Washington is ramping up the pressure.

Finance minister and BoT chief to meet Thursday

Finance Minister Pichai Chunhavajira says he plans to meet with Bank of Thailand Governor Sethaput Suthiwartnarueput on Thursday, in hopes of easing disagreements between the government and the central bank over interest rates.

Labor laws largely exclude nannies. Some are banding together to protect themselves

Nannies, housekeepers, and home care workers are excluded from many federal workplace protections in the United States, and the private, home-based nature of the work means abuse tends to happen behind closed doors. Domestic workers, who make less than half of what a typical worker makes and ...

How MSNBC’s Leftward Tilt Delivers Ratings, and Complications

NBC’s leaders have been forced to grapple with how to square its cable news network’s embrace of progressive politics with the company’s straight-news operation.

Indian spices face heat over global safety concerns

India is a global powerhouse of spices. But recent quality concerns have cast a cloud on its position.

Uber’s food delivery buy should serve up more consolidation

Deal with Delivery Hero gives investors in the sector something to chew over

A third miner is declared dead in a cave-in in southern Poland

Rescuers in southern Poland have recovered the body of a third miner a day after a cave-in in which 12 other workers were hurt. A spokesperson for the Polish Mining Group says the miner was declared dead Wednesday and the rescue operation finished as investigators look into the cause of the ...

Southern Europe to help eurozone ‘turn a corner’ in 2024 as Germany stagnates

The European Commission released its latest round of forecasts today.

Tui: Record revenue boosts travel giant before it takes flight from London

Tui has reported record revenue in its half-year results, not long before it take flight from London markets for Germany.

Why Is Car Insurance So Expensive?

Soaring premiums have become a prominent driver of inflation, and insurers say that more increases could be on the way. How did it get like this?

Experian: Strong consumer spending and mortgage demand drive solid growth

Experian's growth was boosted by a recovery in the US mortgage market towards the end of 2023.

Nearly 1 out of 5 credit card users have maxed out on their borrowing

The Federal Reserve Bank of New York says a growing number of card user are falling behind on their monthly credit card bills. Fallout from years of rising prices and high interest rates.

Court delays return as emergency measures are deployed to stem prison overcrowding

The legal sector was thrown into a state of chaos and confusion this morning after the government deployed emergency measures to delay court cases in response to prison and police cell overcrowding. 

How London won round Raspberry Pi

When RaspberryPi chief Eben Upton boarded a plane to the US late last year, he was 70/30 set on floating his feted computer maker in New York. Now he's floating on the London Stock Exchange. Why?

Burberry share price slumps as ‘quiet luxury’ trend takes hold of shoppers

Shares in Burberry slumped over three per cent on Wednesday in the latest  display of investors waning confidence in the luxury fashion industry. 

Thames Water investors to quit boards amid spectre of bailout

Representatives of Thames Water’s multinational syndicate of shareholders are poised to quit as directors of its corporate entities after refusing to inject the billions of pounds of funding required to bail it out.

What’s happening to Gamestop shares and who is ‘Roaring Kitty’?

Investing celebrity Roaring Kitty has caused another rally in Gamestop and other so-called "meme stocks" - who is he and what is he up to?

Low oil prices can’t stop the crude tanker boom

Operators who bought or ordered enough tankers early enough have found their own gushers

Boeing may face criminal prosecution over 737 Max crashes, US says

The Department of Justice is considering whether to prosecute the firm over two fatal 737 Max crashes.

JCB defends supplying Russia after Ukraine invasion

JCB has come out swinging after it was revealed it had continued to supply equipment for Russia despite Vladimir Putin’s invasion of Ukraine.

Who is playing in NFL London games in 2024?

The NFL yesterday confirmed which regular season matches both Wembley Stadium and the Tottenham Hotspur Stadium would host in the 2024-25 season. The New York Jets and the Minnesota Vikings will open the London series of games at the home of Spurs before the Jacksonville Jaguars take on the ...

Return to the office on Mondays boosts catering group Compass

Chief says FTSE 100 company has benefited from US financial institutions encouraging in-person attendance

Slovakian Prime Minister Robert Fico injured in shooting

President Zuzana Caputova condemned “a brutal and ruthless” attack. “I’m shocked,” Caputova said. “I wish Robert Fico a lot of strength in this critical moment and a quick recovery from this attack.”

Gold outperforms Nifty over a 5 year time frame: What should investors do?

Gold, culturally significant in India, is gaining global central bank interest. CEO Amrita Farmahan highlights its steady returns and strategic asset appeal, recommending a 10% allocation through ETFs and Sovereign Gold Bond Funds.

Adjacency to sensitive news has minimal impact on brand reputation, report finds

Stagwell study looks at how ad placements near news topics affect brand reputation.

What to know about the latest inflation report.

The Consumer Price Index, which will be released on Wednesday morning, could show price gains moderated a bit in April.

Overspeeding Alert! Bengaluru Traffic Police Installs 8 AI-Powered Speed Trap Cameras On Airport Road

In response to the escalating number of road traffic accidents on the Kempegowda International Airport Road, the Bengaluru Traffic Police has installed eight AI-powered speed trap cameras along the Ballari Road's elevated corridor. 

Undue Burden — the reality for women in post-Roe America

Shefali Luthra sympathetically documents the harrowing human consequences of curtailing the right to abortion

Maruti Suzuki Fronx Delta+ Variant launched; Now Get 6 Airbags At Lower Price

Maruti Suzuki Fronx Delta+ (O) variant comes with six airbags, making it the most affordable variant in the Fronx lineup to offer this level of safety.  

SourceCode launches AI-driven platform Amplify

The service helps clients leverage earned media coverage across channels, according to the firm.

Gallo appoints VaynerMedia LA as lead creative agency for Barefoot Wine

VaynerMedia Los Angeles will primarily focus on social media.

Taylor Swift Eras Tour to boost UK spending by £1bn, says report

More than a million fans are set to spend an average of £848 each, new data suggests.

Sleepeezee: Silentnight owner acquires bed maker for King Charles III

A group owned by the majority shareholder of Silentnight has acquired Sleepeezee - which has been a supplier to the Royal Family for more than 60 years.

Rugby is a rough sport, but holds key leadership lessons

Rugby teams have flexible and interchangeable leadership roles, emphasize relationships and collaboration and are inclusive o -More- 

The green transition can kick-start a revival in UK manufacturing

In the race to meet global demand for climate-friendly tech and products, government needs to nurture potential winners

Royal Mail 'minded' to accept multi billion pound takeover by Czech billionaire

The owner of Royal Mail has said it is "minded" to accept a revised takeover bid by Czech billionaire Daniel Kretinsky.

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

Real-estate mogul wants to buy TikTok; Kimberly-Clark hires chief growth officer; Boeing could face prosecution.

Retail sales were unchanged in April from March as inflation and interest rates curb spending

Retail sales in April were unchanged from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome. The number, which came in below economists' expectations, followed a revised 0.6% pace in March, according to Commerce Department data released ...

Period trackers 'coercing' women into sharing risky information

Research finds poor data management practices such as not being able to delete data about abortions.

BMW M 1000 XR Launched In India; Check Specifications And Other Details

The BMW M 1000 XR is equipped with a robust 999cc, inline four-cylinder engine generating an impressive 201bhp and 113Nm of peak torque. 

Transforming London into one of the best cycling cities around

While other European cities have become well-known for cycling friendliness and well-maintained infrastructure, London still has some way to go.

Billionaire Frank McCourt says he's putting together a consortium to buy TikTok

Billionaire businessman and real estate mogul Frank McCourt says he’s putting together a consortium to purchase TikTok’s U.S. business. The announcement posted Wednesday on the website of McCourt’s Project Liberty initiative adds to the number of investors hoping to benefit from a new ...

Graduate visa ‘does not offer any skills value’ to UK labour market, MP claims

The graduate visa system “does not offer any value to the skills of the UK labour market”, an Conservative MP has claimed.

Relief as US inflation finally comes in below expectations

Stubborn inflation at the start of the year has forced markets to reconsider when the Fed is likely to start cutting interest rates.

PolyAI secures near $500mn valuation in boost to UK’s AI ambitions

London-based start-up behind artificial intelligence call centre assistants secures funding

Indian Railways News: Summer Special Trains Introduced By South Western Railway; Check List, Routes

As the summer travel season heats up, the South Western Railway (SWR) has rolled out a series of special trains to accommodate the surge in passenger demand. 

Youtube blocks Hong Kong protest anthem after territory’s court bans song

Youtube has blocked access to a popular protest anthem in Hong Kong after a court in the territory moved to ban the song.

German competition gives new meaning to "pull my finger"

Despite the threat of dislocated fingers and other injuries, more than 150 men, ranging in age from 15 to 70 years old, gathe -More- 

Canadian historian Michael Ignatieff wins Spain's Princess of Asturias Award for Social Sciences

Organizers of Spain’s Princess of Asturias Awards have awarded the prize for the social sciences to Canadian historian and writer Michael Ignatieff. The jury said Wednesday that Ignatieff's collected works form “critical reflections on the major conflicts of our time." His books cover ...

Slovakia plans to build a new nuclear reactor

Slovakia’s government approved a plan to build another nuclear reactor in a country that relies heavily on nuclear electricity generation. The government said Wednesday that a new reactor, with an expected output of 1,200 megawatts, is to be built at the Jaslovske Bohunice nuclear plant, ...

Hate-Filled Communal Ads On Facebook By Fake Accounts Become Rampant

Last year, a report published by watchdog organization Ekō stated that Meta approved ads were blatantly promoting violence, racism, and anti-Semitism on the social media platform.

Where should we invest to beat inflation?

We want to put money into the stock market but are worried about the risks

Cannes-do attitude: All the deals from the most famous film festival

often been crudely pigeonholed as a sunny place for shady people, here’s some insider info I’ve picked up from my time at Cannes

Investing in the UK is back… to being the third least preferred option

The UK has slowly climbed up the preference for investing in Bank of America's monthly global fund manager survey.

Airport operator’s 6-month profit up 400%

Airports of Thailand Plc (AoT) has reported a net profit of 10.35 billion baht for the first six months of its 2004 fiscal year, a jump of nearly 400% from the same period a year earlier.

Good News For SBI Customers! SBI FD Interest Rates Hiked Effective Today; Check SBI Latest Fixed Deposit Rates

SBI in its website has announced Revision in Interest Rates on Retail Domestic Term Deposits (Below Rs. 2 crore) w.e.f. 15.05.2024. The revised interest rates are as under:  

In About-Face, Wall Street’s Big Donors Warm to Trump

They may “hate the man,” as one put it, but major business players from coast to coast are increasingly on board for a second term after the first one alienated them.

Rail operator takes Mick Lynch’s RMT union to the Supreme Court

A Northern rail operator has presented its appeal application to the Supreme Court over a dispute with transport worker unions

PM likens nation to ‘Asian Switzerland’ as investment climbs

Thailand has the potential to attract large international companies with the aid of its Land Bridge megaproject and other draws, Prime Minister Srettha Thavisin said on Wednesday, likening the country to a “Switzerland of Asia” in terms of investment attractiveness.

Green hydrogen group Thyssenkrupp Nucera hit by drop in orders

Frankfurt-listed company is latest to highlight difficulties facing the embryonic technology

Lots of drug companies talk about putting patients first — but this one actually did

When Amylyx Pharmaceuticals found out its ALS drug Relyvrio didn't work, the company took the unusual step of voluntarily pulling it off the market.

Google turns to AI to protect users from mobile phone thefts

Feature that automatically locks screen when device is snatched comes amid reports of rise in the crime

Gregory FCA acquires BackBay Communications

The deal marks the firm's third acquisition with minority investor Copley Equity Partners.

Vanguard names former BlackRock exec Ramji CEO

Vanguard has named Salim Ramji, previously a senior executive at BlackRock, as its new chief executive, marking the first tim -More- 

Commerzbank reports strongest quarterly profit in a decade

Commerzbank's profit increased a better-than-expected 29% in the first quarter, reaching €747 million, compared with &eu -More- 

CalPERS to invest $25B in green private markets

The California Public Employees' Retirement System is investing $25 billion into green-related private market investments.  -More- 

Israel-Hamas war: Employee activism puts firms on back foot

Google recently sacked 50 workers for taking part in a sit-in to protest the company's ties to Israel's military. The response reflects the challenges the corporate world faces in dealing with Israel's war in Gaza.

Ministers split over aid for Titanic shipbuilder Harland & Wolff

UK chancellor ‘dragging feet’ over £200mn package for Belfast group

Yemeni security forces deploy in Aden as anger simmers over lengthy power outages

Yemeni authorities have deployed security forces and armored vehicles across the port city of Aden, in preparation for the latest in a series of protests over hours-long electricity outages caused by a shortage of fuel for power stations. For several days, hundreds of demonstrators in three ...

Glencore chief backs South Africa as Anglo takeover battle rages

Gary Nagle’s praise came hours after the country’s storied miner announced it would break itself up

Retail sales were flat in April, up 3% YoY

US retail sales were flat in April compared with the prior month, and the March sales data was revised downward from a 0.7% g -More- 

A second scourge is battering Brazil's flooded south: disinformation

The vast flooding that has devastated Brazil’s Rio Grande do Sul state has yet to subside. But another scourge has spread across the region: Disinformation on social media that has hampered desperate efforts to get aid to hundreds of thousands in need. Fake postings that have stirred outrage ...

What the infrastructure law has produced so far

More than 56,000 projects nationwide have benefited from about $454 billion allocated so far under the bipartisan infrastruct -More- 

Mester warns it's too early to declare disinflation

It is too early to conclude that inflation is reversing, Federal Reserve Bank of Cleveland President Loretta Mester says.  -More- 

House signs off on FAA bill that addresses aircraft safety and and refund rights of passengers

Congress has passed a bill that is designed to add more safety inspectors at aircraft factories and to give air travelers automatic refunds for canceled or long-delayed flights. The House gave final approval on Wednesday to a $105 billion measure to reauthorize Federal Aviation Administration ...

April saw the most corporate defaults since Oct. 2020

Global corporate debt defaults reached 18 last month, up from eight in the prior month and the highest monthly total since la -More- 

Investors price in 70% chance of BoJ rate hike in July

The Bank of Japan unexpectedly cut its bond buying this week, raising investors' expectations of an interest-rate hike.  -More- 

Petco, Nextracker rise; Dlocal, Rumble fall, Wednesday, 5/15/2024

Stocks that are trading heavily or have substantial price changes on Wednesday: Petco, Nextracker rise; Dlocal, Rumble fall.

Alert: U.S. stocks rally to records after encouraging data on inflation as S&P 500, Dow and Nasdaq composite set all-time highs

U.S. stocks rally to records after encouraging data on inflation as S&P 500, Dow and Nasdaq composite set all-time highs.

Fifa paves way for football to follow NFL, MLB and NBA with overseas league games

The world governing body has signalled its willingness to approve such fixtures for the first time by setting up a working group to draw up a framework.

Eurostar plans up to 50 new trains and more services to tap ‘huge’ demand

Operator wants to open new routes from London and increase fleet by a third

UBS chief Ermotti criticises Swiss regulators over Credit Suisse

Comments come after watchdog said he supported new rules that could increase capital requirements

Eggs, milk and other grocery prices fall, as overall inflation eases

Inflation eased a bit last month, according to a report Wednesday from the Labor Department. Consumer prices in April were up 3.4% from a year ago — a smaller annual increase than the month before.

Data: 11 new unicorns last month

There were 11 startups that became unicorns in April according to The Crunchbase Unicorn Board, up from six the same month la -More- 

CEO of Brazil’s oil and gas giant Petrobras steps down following dustup over dividends

The head of Brazil’s Petrobras is stepping down after a fight over dividends, sending share of the state-controlled oil and gas giant down 7%. Petrobras opted not to pay extraordinary dividends to its shareholders earlier this year, souring relations between Petrobras CEO Jean Paul Prates and ...

Democrats Batter Bank Regulator Over F.D.I.C.’s ‘Toxic’ Workplace Culture

The agency’s chair, Martin Gruenberg, has resisted Republicans’ calls to resign, but criticism by his own party raises questions about how long he can hang on.

Banks brace for Post Office showdown over cash access fee 

Britain's biggest banks are bracing themselves for talks with the Post Office over a new deal to allow millions of their customers to withdraw cash at its branches.

ASX set to rise as Wall Street jumps after inflation finally slows

US stocks are heading toward records with hopes that inflation is finally heading back in the right direction after its discouraging start to the year.

Premier League clubs to vote on scrapping VAR next month

Premier League clubs are set to hold a vote next month which could see VAR abolished from the English top flight. Introduced in 2019, VAR has been at the centre of a number of decisions this year which the PGMOL, Professional Game Match Officials Limited, have admitted were incorrect. The ...

EIA: US oil output from shale regions to rise in June

Output gains in the Permian Basin and Eagle Ford Shale will lift US oil production from major shale formations to 9.85 millio -More- 

Biofuel blending mandates for 2020-2022 stand, court rules

The US Court of Appeals for the DC Circuit has dismissed challenges by refineries and renewable fuel producers over the Envir -More- 

Cheniere nears operations at Corpus Christi Stage 3

Cheniere Energy is advancing construction on its Corpus Christi Stage 3 project, aiming for the first liquefied natural gas s -More- 

Soap, shampoo and toothpaste considered 'luxury items' in UK, ex-PM says

Children in the UK are suffering "the highest levels of poverty in living memory" - with basic toiletries including shampoo, soap and toothpaste now considered "luxury items", Gordon Brown has said.

RTP transactions jumped more than 40% last year

Global real-time payments transactions increased by 42% last year compared to the prior year, reaching 266.2 billion transact -More- 

World stocks rise ahead of CPI release

Global stocks climbed to a record high ahead of today's release of the consumer price index, which will give some indication  -More- 

S&P 500 Pushes Past Previous Record After Inflation Report

Investors seized on the latest inflation report as another sign that interest rates could be cut his year, helping push the S&P 500 past its March record.

Education Department Extends Deadline to Consolidate Loans for Forgiveness

Borrowers with commercially held loans will now have until June 30 to take steps to make their loans eligible for elimination.

Ukraine war raises borrowing costs for Eastern Europe

Russia's war in Ukraine has increased sovereign borrowing costs for the EU's 10 eastern members by around half a percentage p -More- 

Program announced! SIFMA's 2024 Operations Conference & Exhibition

Hear from over 100 industry and operations leaders as they discuss the initiatives that are driving innovation, minimizing ri -More- 

US firm offer Everton £150m loan to help finish Bramley-Moore Dock stadium

Struggling Premier League club Everton have been offered a £150m loan by a private equity firm to help in the completion of their new Bramley-Moore Dock stadium. The Merseyside club’s owner Farhad Moshiri has been trying to sell the club to American firm 777 Partners but the deal has ...

Budget’s $22b boost puts Australia ‘back in race’ for green energy spending

The CEOs of Australia’s largest critical minerals companies have backed a $22 billion budget boost, in support that fuels a clash with the Coalition.

News24 Business | Bird flu largely under control, but Gauteng still has 10 open cases

While SA’s worst bird flu outbreak to date appears to be mostly under control, there are still 10 open cases on quarantined farms in the Gauteng area, provincial government experts said.

Wednesday evening news briefing: Slovakia’s PM in life-threatening condition after assassination attempt

Bad Swiftonomics (Britain’s version)

Actually, it’s about ethics in Taylor Swift economics journalism

CPI rises 3.4% in April, in line with expectations

The consumer price index rose 3.4% in April from a year ago, Labor Department data showed, as core prices, excluding volatile -More- 

Urban joblessness up to 6.7% in FY24 Q4 from 6.5% in Q3

According to the most recent official data issued Wednesday, the unemployment rate for people aged 15 and up in metropolitan areas fell slightly to 6.7% in the January-March quarter of 2023-2024, down from 6.8% the previous year. Joblessness rate, which had soared to double digit during Covid, ...

Powell: Restrictive policy to remain in place for now

Recent inflation reports have come in higher than expected, meaning that the Federal Reserve will "need to be patient and let -More- 

Barge hits a bridge in Galveston, Texas, damaging the structure and causing an oil spill

Officials say a barge has hit a bridge in Galveston, Texas, spilling oil into surrounding waters and closing the only road to a small island. Ronnie Varela with the Galveston’s Office of Emergency Management says a bridge that leads to Pelican Island, located just north of Galveston, was hit ...

Son-in-law of top opponent of Venezuela's president pleads guilty to US money laundering charges

The son-in-law of a prominent Venezuelan opposition leader has pleaded guilty to money laundering charges for his role in a vast bribery conspiracy to siphon over a billion dollars from the state-owned oil company. Fernando Vuteff admitted in federal court in Miami to earning more than ...

Digital twins making inroads into oil and gas

Adoption of digital twins is gaining momentum in the oil and natural gas industry, driven by companies' pursuit of enhanced s -More- 

Schumer: Permitting changes unlikely this year

It's "virtually impossible" that the Senate will reach an accord on energy and infrastructure permitting changes this year, s -More- 

Netflix and the N.F.L. Sign a Three-Season Deal

Football joins pro wrestling and comedy specials in an expansion of the streaming service’s live offerings, a key step in the company’s overall live TV strategy.

Alert: A barge has hit a bridge in Galveston, Texas, partially collapsing a rail line and closing only road to a small island

A barge has hit a bridge in Galveston, Texas, partially collapsing a rail line and closing only road to a small island.

Firms leaving UK 'not a crisis' says stock market boss

Many big firms are delisting in the UK but the London Stock exchange’s chief says there is no need to panic.

Inflation eased and the stock market rallied in April

Consumer prices in April were up 3.4% from a year ago — a smaller annual increase than the month before.

Fawlty Towers Play review: Is John Cleese reboot any good?

An official Fawlty Towers play has opened. But is it any good?

LIC gets 3 more years to dilute up to 10% stake

Sebi extends LIC's deadline to achieve 10% public shareholding by May 16, 2027 after Rs 21,000 crore IPO in 2022, diluting govt stake to 95%. Rule 19(2)(b)(iv) mandates 5% initial dilution. Shares of LIC jump over 6% on Wednesday. LIC Housing Finance reports 7.5% profit decline to Rs 1,091 ...

AP Moller, I Squared in race to buy stake in green business of InoxGFL's Jains

AP Moller Capital, I Squared Capital, Actis, Sembcorp Industries, and CapitaLand show interest in acquiring majority stake in new renewable energy platform by InoxGFL Group owners, valued at $1.8 billion. The Jains plan to produce 1.

At $19.1 billion, trade deficit widens to 4-month high

India's trade deficit widened to $19.1 billion in April, with goods exports at $35 billion and imports at $54.1 billion. Gold imports surged to $3.1 billion, oil imports rose over 20% to $16.5 billion, and electronics imports increased by 10% to $7 billion.

Slowdown weighs on current account

Thailand's waning appeal in terms of attracting foreign direct investment (FDI), an uneven tourism recovery and the currency outlook are pressuring the country's current account surplus, which is still below the pre-pandemic level, says BMI, a Fitch Solutions company.

Axing northern leg of HS2 will stunt UK growth, says official adviser

National Infrastructure Commission warns ‘window is closing’ for ministers to ensure alternative rail capacity is built

Microsoft’s emissions jump almost 30% as it races to meet AI demand

Increase from 2020 to 2023 highlights challenges of meeting climate goals while investing in infrastructure

Land O'Frost to close Pullman manufacturing plant, cut 215 jobs

How to make skills-based hiring a reality

Many employers have eliminated college degree requirements in job postings, but few companies are actually hiring people who  -More- 

Tourists tipped to fuel ride-hailing boom

The Thai tourism recovery should propel ride-hailing services this year, even during the low season, says Grab Thailand.

Over 80,000 foreigners working at convenience stores in Japan

Over 80,000 foreign nationals work part-time in Japan's three major convenience store chains, data collected by Kyodo News showed Wednesday, in a trend likely to continue amid labor…

Britain is ready to go forth and conquer space

The government will make sure Britain sets the global standard for regulating space technology and exploration, giving this growing sector the clarity and certainty it needs to thrive, says Andrew Griffith As humanity’s quest for knowledge and exploration extends beyond the confines of Earth, ...

Beer brewing byproduct could recycle e-waste

Discarded electronic products contain various metals that are difficult to extract for recycling, but using spent brewer's ye -More- 

Renewable energy has wide support in UK, survey shows

Three-quarters of UK voters say renewable energy should be part of government plans to encourage development outside London a -More- 

Going against the grain

The government's plan to sell old rice stored in warehouses for a decade in northeastern Thailand stunned some onlookers, leading to concerns about the adverse impact on public health.

City curbs Clark Street closure, allowing limited vehicle traffic alongside expanded outdoor dining

CNN and ABC Snag the Presidential Debates

In a matter of hours, two networks outmaneuvered their rivals and landed a coveted pair of Biden-Trump prime-time debates.

Aviation sector sees greener fuel as crucial to net-zero goals

Yet finding the money for the plants that will make it is proving tricky

Changes from Visa mean Americans will carry fewer physical credit, debit cards in their wallets

Visa has announced major changes to how its credit and debit cards will operate in the U.S. Features in the works will lead to Americans to carry fewer physical cards in their wallets and make the 16-digit credit or debit card number printed on every physical card increasingly irrelevant. The ...

The first Mexican taco stand to get a Michelin star is a tiny business where the heat makes the meat

Michelin-starred chef Arturo Rivera Martinez stands over an insanely hot grill at the first Mexican taco stand to get a coveted star. In this tiny, 10-foot by 10-foot business, the heat makes the meat and there are only four things on the menu, all of which came from a cow's rib, loin or fore ...

The highs and lows of US rents

The latest inflation numbers are in. This month's Consumer Price Index, or the CPI, is ... well, good and bad news for renters. Shelter prices went up over the last year, but at a slower pace. Shelter makes up nearly a third of the CPI. Today's episode: Rent. Where is it high? Where is it low? ...

Scientists: Bison in Romania will help sequester CO2

Based on research from the Yale School of the Environment and the Global Rewilding Alliance, European bison have been reintro -More- 

Man arrested in terrorism probe after ‘suspicious substances’ found in Bedfordshire

Neiman Marcus shares progress on sustainability goals

Neiman Marcus is ahead of schedule on its sustainability goals, including cutting Scope One and Two emissions in half by 2025 -More- 

Why Gold?

In the past few months, the price of gold has gone way up – even hitting a new high last month at just over $2,400 per troy ounce. Gold has long had a shiny quality to it, literally and in the marketplace. And we wondered, why is that? Today on the show, we revisit a Planet Money ...

Japan's economy shrinks on weak consumer spending, auto woes

Japan has reported that its economy contracted at an annual rate of 2% in the first quarter of the year, as spending and exports declined. The Cabinet Office said Thursday that on a quarter-to-quarter basis, the preliminary seasonally adjusted gross domestic product, or GDP, a measure of the ...

Wage hike erodes April sentiment

The Thai Industries Sentiment Index (TISI) fell to 90.3 points in April, down from 92.4 points in March, with the planned daily minimum wage hike among the factors dealing a blow to business confidence, says the Federation of Thai Industries (FTI).

Post Office exec regrets 'malcontents' comment

Patrick Bourke said he now regretted describing sub-postmasters as self-indulgent "malcontents".

Now armed with AI, America's adversaries will try to influence election, security officials warn

Top U.S. security officials say America’s foreign adversaries will again seek to influence the upcoming U.S. elections. Countries like Russia, China and Iran are likely to use the latest artificial intelligence programs to create and spread disinformation aimed at polarizing voters and ...

Budgetary allocation raised by 300 percent in the last 9 years: Farmers body FAIA

FAIFA's recent study unveils a notable surge of over 300 percent in budget allocation for agriculture over the past nine years. The organization highlights the substantial impact of government initiatives on farmers' livelihoods, noting that more than 11 crore farmers have reaped the benefits ...

Terrain sells Wildviper gold project to Northern Star

Terrain Minerals will pocket $300,000 after selling off its Wildviper gold project in WA’s Goldfields region to next-door neighbour Northern Star.

Initiative helps employees build emergency savings

BlackRock, Commonwealth and other partners developed a systemic approach for helping employees set aside money for emergencie -More- 

Illinois utility spending will greatly increase consumer bills, a new report warns

FirstFT: Putin visits China after interview blaming ‘western elites’ for Ukraine war

Also in today’s newsletter, New Caledonia state of emergency, and Singapore swears-in new leader

CRC Thaiwatsadu to open 13 new branches in second half

CRC Thaiwatsadu Co, the home improvement and construction material unit under Central Retail Corporation (CRC), views the economy in the second half of this year as promising and plans to open 13 new branches.

Trupanion Pet Insurance review: Pros, cons, and pricing

Trupanion offers comprehensive pet insurance, though its coverage is pricey. See how well the insurer scored in our Trupanion Pet Insurance review.

Warren Buffett's Berkshire Hathaway reveals new $7 billion stake in Swiss insurer Chubb

Warren Buffett’s Berkshire Hathaway is disclosing a new $7 billion stake in fellow insurer Chubb. Berkshire revealed the investment it has been building over the past nine months in a quarterly update Wednesday on its stock portfolio. Berkshire said it held nearly 26 million Chubb shares ...

China eyes plan to buy millions of empty homes amid property crisis

China is considering a radical plan to tackle its ongoing property meltdown which has caused widespread damage to its economy.

India plays major part in expansion plan: Airbnb

India, with the highest GenZs and millennials, is pivotal for Airbnb's expansion. The company targets youth and group travel, noting 1 in 3 top urban geos travelers as potential first-time bookers in India. Hiroki Asai leads the international expansion plan. Airbnb introduced 11 global icons, ...

University of California official says system has $32 billion in holdings targeted by protesters

The University of California has $32 billion in assets targeted by students protesting the Israel-Hamas war. The university system has $175 billion overall in assets. An investments official announced the estimate at a meeting with the Board of Regents on Tuesday. The board is holding its first ...

Paramount: the takeover battle that could reshape Hollywood

The tussle for the venerable studio has been billed as the money men against the creatives, but the outcome may help decide who survives in the streaming era

Embrace Pet Insurance review: Pros, cons, and pricing

Embrace offers affordable rates and robust customizations, provided your pet qualifies for coverage. Learn more in our Embrace Pet Insurance review.

Honda slashes production workforce in China

Honda Motor Co is slashing its full-time production workforce in China amid slumping sales in the market, with some 1,700 employees or over 10 percent of the total…

Trump Media delays filing earnings after SEC shuts down auditor

Losses tied to climate change spur insurance carrier flight

A New York Times analysis found that carriers experienced losses in homeowners insurance in 18 states last year, compared wit -More- 

Bay Area Tesla plant emits arsenic and other pollution, suit alleges

Tesla’s Fremont plant is venting arsenic into the air, a lawsuit alleges.

Entry-level job requirements exceed expectations

Job-seekers are expressing frustration on social media over entry-level job listings seeking extensive qualifications, sugges -More- 

Is this the beginning of the end of beauty pageants?

NPR's Juana Summers talks with Amy Argetsinger, author of There She Was: The Secret History of Miss America, about the recent controversy surrounding the resignations of Miss USA and Miss Teen USA.

Three ways to win the rental property race

From being first in the queue to being more flexible, here are some tips on how to get ahead in the rental race.

People face 23-minute wait for HMRC helplines

Taxpayers are facing 23-minute waits for HM Revenue and Customs helplines, according to a report.

Keir Starmer to launch Labour ‘down payment for change’ pre-election offer

Keir Starmer will today launch Labour’s “down payment for change” in a pre-election doorstep offer to voters.

TVS Expands Global Footprint, Launches Operations In Italy

TVS Motor Company is expanding its operations in Italy via its branch office.

Mantis shrimp absorb punches with shells, coiled tails

Mantis shrimp punch prey, predators and each other with force like a .22-caliber bullet and absorb about a fifth of the hits' -More- 

The biology of a safe workplace

Company culture is similar to how the body's vagus nerve regulates our physiological and emotional responses, so leaders can  -More- 

DeSantis, amid criticism, signs Florida bill making climate change a lesser state priority

Florida Gov. Ron DeSantis has signed a bill making climate change a lesser priority under state law and banning offshore wind turbines near the state's long coastline. The former Republican presidential hopeful DeSantis has cast the bill he signed Wednesday as a common-sense approach to energy ...

Time to cut cutting the green crap? Voters support law to make companies prioritise planet and profit

Over three quarters of the British public believe businesses should be legally obliged to prioritise safeguarding people and the planet alongside making profit, new research has found.

Worst corporate jargon of the week: Put a pin in it

The apocalypse may be nigh, but jargon users will be putting a pin in that until the four horsemen make a proper appointment, thank you.

Pfizer offers up to $250mn to settle thousands of Zantac cancer lawsuits

Agreement aims to resolve a big portion of litigation in Delaware over discontinued heartburn drug

Global fight intensifies against superbug ‘menace’

GSK joins UK government in committing £130mn to tackle growth of antimicrobial resistance

Futures exchange CME plans to launch bitcoin trading

US group has held discussions with market participants over Switzerland-based market

Latest loan interest rates from top banks: SBI, HDFC Bank, Bank of Baroda, Canara Bank, PNB in May 2024

Banks adjust MCLR monthly based on factors like repo rate. Latest MCLR rates from top 7 banks in May 2024 highlighted. Banks cannot lend below MCLR except in specific cases. Rates effective from specific dates. Consumer loans linked to 1-year MCLR. Yes Bank and Canara Bank rates effective from ...

Mr Kipling owner Premier Foods hikes dividend as profit booms

Mr Kipling owner Premier Foods has been boosted by increased demand for its products.

Square Mile and Me: JMW Solicitors London boss John Andrews on making it in law

John Andrews, head of London at JMW Solicitors, takes us through his career, from memorable lunches to his football heroes.

Temu faces legal challenge over 'manipulative practices'

Temu is facing a fresh legal complaint filed by 17 companies in the European Union.

Shein favours London for blockbuster IPO as China fears spike New York float

Ultra fast-fashion retailer Shein could favour London instead of New York for its blockbuster IPO, as bosses at the global retailer fail to convince US lawmakers the company is not controlled by China. 

BT to cut another £3bn of costs

Shares rise 8% as chief executive Allison Kirkby says telecoms operator at an ‘inflection point’

Can Dogs Go Into NYC Restaurants?

According to the New York City Department of Health and many diners with service dogs, the answer is no. But some dog owners can’t part with their pets.

Starwood’s $10bn property fund taps credit line as investors pull money

Heavy redemption requests come as fears rise over real estate valuations

Markets Rebound In Early Trade On Firm Global Trends; Sensex Rallies 409 Points

The 30-share BSE Sensex rallied 409.72 points to 73,396.75 in early trade. The NSE Nifty went up 129.45 points to 22,330.

Secure Trust Bank shrugs off economic headwinds as it recovers from 2023

Secure Trust Bank has reported swelling loan and deposit books as the lender aims to reach £4bn in net lending and grow its profits after a challenging 2023.

Brent Hoberman launches PR agency for founders of fast growing start ups

Hoberman's Founders Forum Group, which he co-founded in 2005 and is now executive chair of, has invested in the new business

China revs up on auto chips and HBM shakes up memory

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times

Microsoft asks China staff ‘to consider leaving country’

Microsoft has been accused of asking hundreds of employees in China to consider transferring outside of the country amid growing tensions between Washington and Beijing. ]]>

BT profit plummets after writedown despite strong fibre rollout

BT Group's profit after tax plummeted 55 per cent after the British telecoms firm wrote down a significant chunk of its business.

Paytm retail and MF investors say 'Paytm Karo'; stock added to MSCI small cap index

Accountancy watchdog launches probe into UK network firm of Baker Tilly International

The accountancy watchdog has launched a probe into MacIntyre Hudson over an audit of a unnamed company financial statement

Bridgewater founder Dalio warns of danger of US debt on Treasury market

Billionaire investor has concerns about rising financial burden, global conflict and growing possibility of ‘civil war’

Shein switches focus to London after New York IPO stalls

E-commerce giant’s proposed US listing appears stuck amid trade tensions between Washington and Beijing

Stock market today: BSE Sensex up almost 400 points; Nifty50 above 22,300

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, rose in early trade on Thursday. While BSE Sensex was up over 390 points, Nifty50 was above 22,300.

Can Europe’s renewables cope with the Dunkelflaute problem?

Prolonged periods with little wind and no sun are a challenge for wind and solar power

Data centres have turned Big Tech into big spenders

Companies need AI services revenues, not cost savings, to fuel data centre boom

Infosys’ Narayana Murthy, Kris Gopalakrishnan want new government to focus on these reforms

Infosys' NR Narayana Murthy and S 'Kris' Gopalakrishnan have urged upcoming new government to focus on fostering entrepreneurship which in turn will lead to job creation, wealth generation and more tax revenue.

Wisconsin’s Investment Board becomes first state pension fund to invest in Bitcoin spot ETFs

During previous cycles, the anticipation of institutional involvement in crypto was a driving force for demand. “The institutions are coming" was a common claim on Crypto Twitter, often repeated after rumours of a large financial firm entering the market echoed through Telegram chats and ...

David Beckham’s esports group Guild to fight it out at Tekken

The esports team co-owned by David Beckham will compete in the fighting game series Tekken for the first time, the company has announced.

As Greggs opens its 2,500th shop, the bakery chain is on a roll

Alongside the launch of its new summer menu, Greggs recently announced that it was opening its 2,500th shop – a “significant milestone” in the company’s five-year growth plan, which was originally announced in October 2021. A lot has happened since then: the end of lockdowns, and the ...

Stock market today: Asian shares advance after another round of Wall St records

Asian shares are mostly higher after U.S. stocks rallied to records on hopes that inflation is heading back in the right direction. Tokyo gained 1.4% even after the government reported that the Japanese economy contracted at a 2% annual rate in the January-March quarter. On Wednesday, the S&P ...

Mark Kleinman: FCA row risks casting shadow over City set-piece

Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.

Booming holiday business helps Easyjet reduce winter losses ahead of key summer period

Easyjet has continued to power ahead as consumers jet off on holiday.

Getir suppliers allegedly left unpaid as rapid delivery firm races for the exit

Rapid grocery delivery firm Getir has allegedly left some of its UK suppliers with huge unpaid bills after scrambling to exit its international markets over the past month, City A.M. understands.

Bomb Threat On Delhi-Vadodara Air India Flight; Fake Note Sparks Panic

A Fake note with 'bomb' written on it was found in the washroom of the Delhi-Vadodara Air India Flight.  

Memo to Sunak and Reeves: you can’t have security without prosperity

Both Rachel Reeves and Rishi Sunak want to frame the next election around the question of who will make you safer, but both are missing the point

Microsoft Asks 700-800 Employees In China To Relocate Amid US-China Tensions

Most of the employees affected by this move are engineers holding Chinese nationality.

Vistry lifts profit outlook and build target on demand for affordable homes

British housebuilder Vistry is on track to build close to 2,000 more homes than what it built last year. 

Grainger raises dividend again despite slipping into loss

Major residential landlord Grainger has raised its dividend despite slipping into a loss in a set of half-year results in which rental income rallied and the value of its underlying properties stayed stable.

Singapore Air staff score almost eight months’ salary as bonus

Singapore Airlines Ltd will reward staff with a bonus payout worth almost eight months of salary, according to a person familiar with the matter, after delivering a second consecutive record annual profit.

Why house prices will stay stronger for longer

The government alone cannot solve the imbalance in supply and demand in the housing market.

EasyJet chief Lundgren to step down next year

Low-cost carrier names financial chief Kenton Jarvis as replacement

Future shares surge after Marie Claire publisher commits to further cash returns

Future, the media publisher responsible for outlets like Country Life, Marie Claire and T3, suffered from a fall in revenue, operating profit and earnings per share in its latest earnings statement.

Sage shares plunge despite surge in profit as tech giant sees growth across all regions

Enterprise technology firm Sage has reported a surge in profit and gaping margins as it continues to see growth across all regions and strong demand for its cloud software.

Ed Warner: Tale of Tyson Fury shows obstacles faced by anti-doping chiefs

Anti-doping agencies need more resources and to find their voice, says our sport business columnist.

Why pension trustees need to embrace a ‘win-win’ and back British firms

Pension trustees must embrace a “win-win” and begin backing Britain’s homegrown tech companies if younger Brits are to retire with comfortable pension pots, the founding chief of the British Business Bank has warned.

Pichai: Financial access more worrying than interest rates

The government is more worried about financial access than interest rates, Finance Minister Pichai Chunhavajira said on Thursday.

Warnings rental reform could disincentivise landlords as bill returns to House of Lords

Peers have been warned government moves to bring in rental reform risk making it “less attractive” to be a landlord.

Watches of Switzerland: Rolex seller ‘cautiously optimistic’ as it posts modest growth amid ‘rich-session’

Watches of Switzerland, the British retailer which sells the likes of Rolex and Tag Heuer watches, said it was “cautiously optimistic” about trading over the next financial year as the firm reports modest growth. 

How much would you pay for a Pi?

Raspberry Pi: a bit cool, a bit weird, but maybe not that cheap

Record breaking 27.6m tune into Global as Amanda Holden beats Greg James at breakfast

A record 27.6m weekly listeners tuned into Global Media's radio shows in the first quarter as Heart, LBC and Capital dominated breakfast time.

Polar Capital Healthcare trust rockets to success thanks to strong stock selection

The trust performed much better than the previous year, where it grew only 4.2 per cent, thanks to strong stock selection and managing to outperform an already booming healthcare market.

Easing US inflation stokes interest rate cut debate

Consumer prices in the US rose 3.4% over the 12 months to April, easing from 3.5% a month earlier.

Silver set to outperform gold? Precious metal likely to cross Rs 1 lakh mark over 1 year horizon

Silver is expected to outperform gold with a 15-20% potential increase. Expectations of gains in industrial metals globally and China's recovery could boost silver to Rs 100,000 per kilogram.

Vantage, Our Cruise Company, Went Bankrupt. We Are Out $17,905.

A couple purchased an Arabian Sea voyage, but Vantage, the cruise company, went under. Their travel insurance was supposed to cover financial default, but the claim was repeatedly denied.

CRC Thaiwatsadu to open 13 new branches this year

CRC Thaiwatsadu Co, the home improvement and construction material unit under Central Retail Corporation (CRC), views the economy in the second half of this year as promising and plans to open 13 new branches within this year.

FTSE 100 today: London markets set to surge, riding global rally fuelled by US inflation relief

Asian stocks echoed Wall Street's optimism on Fed rate cuts. Oil and gold surged, eyes on US Philly Fed Index, BT Group, Walmart earnings.

PhonePe Users Can Now Make Payments Through UPI In Sri Lanka; Collaborates With LankaPay

Users can simply scan LankaQR code to make secure and quick payments without carrying cash or calculating currency conversions.

‘A sticking plaster’: TfL’s £250m funding deal will not enhance London transport, government advisers warn

The TfL funding settlement is a "sticking plaster" and will not enhance London's transport network, the National Infrastructure Commission has said.

China’s biggest banks launch first sales of special loss-absorbing debt

TLAC bonds are part of push from international regulators to shore up balance sheets

Japan economy suffers worse-than-expected contraction of 0.5%

Japan's economy suffered a worse-than-expected contraction in the first quarter, official data showed Thursday, in further bad news for its unpopular government. Gross domestic product in the world's…

Germany still has much to do to fix corporate governance shortcomings

There are too many flaws that can be exploited by managements with bad intentions

Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets

Japanese automaker Honda is reaffirming its commitment to electric vehicles, investing 10 trillion yen, or $65 billion, through fiscal 2031. The company says that by 2030, battery EVs and fuel cell EVs will make up 40% of Honda’s global auto sales. Global production capacity will be more than ...

United Utilities: Water firm found to be the most polluting in England hikes dividend

United Utilities, the water company for the North West of England, has pointed to its robust finances as being behind an uptick in revenue and operating profit in its final results that also included substantial falls in profit after tax and earnings per share.

IGIA Aerocity: Brookfield India to acquire 50% stake in 4 Bharti Enterprises properties

Brookfield India Real Estate Trust (BIRET) has entered into definitive agreements to purchase a 50% stake in four prime grade A assets from Bharti Enterprises. These assets comprise prestigious commercial properties spanning 33 lakh square feet, valued at an enterprise worth of Rs 6,000 crore. ...

Entrepreneurs tackling carbon emissions crowned small business of the year

12 awards were handed out in total to firms from Edinburgh to Stowmarket and Stockton-on-Tees to Powys. but CCU cleaned up with both the top prize and the innovation award to boot.

News24 Business | Rand hits strongest level in 2024 as dollar wilts

South Africa's currency is defying market fears about the NHI Bill, rallying to its best level so far this year just one day after the controversial legislation was signed into law.

Paytm UPI Lite wallet: How to make payments without PIN; know how to activate, use

Paytm UPI Lite Wallet by One97 Communications allows PIN-free transactions up to Rs 500, with a daily limit of Rs 4,000 and wallet cap at Rs 2,000, as per ET report.

London’s FTSE 100 could ‘kick on’ further despite record breaking run

The blue-chip index has gained 8.9 per cent so far this year and has set 12 all-time highs in May, a record since the FTSE's creation in 1984.

Renters in race for homes as listing time slashed

Two-bedroom flats were listed for 35 days before the pandemic, but the average has dropped to 25 days.

Labour hoarding makes life difficult for Bank of England, rate-setter says

Labour hoarding since the pandemic has helped fuel inflation and could mean rates have to remain high, a Bank of England policymaker said.

Collusion claims in US oil must reckon with record production

It should be no surprise that Texans are themselves capitalists first

Red Bull F1 guru Adrian Newey reveals plans for future, and says he’s been shut out

Red Bull’s departing design guru Adrian Newey has revealed his plans for the future after admitting that he has been shut out of engineering meetings at the F1 team since his decision to leave the reigning champions. Newey, credited as being one of the most influential designers motor sport ...

Lloyds defends return-to-office mandate as staff engagement falls to nine-year low

Lloyds Banking Group has defended its workplace culture after it experienced a sharp drop in its employee engagement index last year, driven by a "tough" stance on staff returning to the office.

London City Airport unveils first female chief as expansion plan ruling looms

London City Airport has announced that former chief operating officer Alison Fitzgerald will take the top job with immediate effect.

Protesters demand alderman withdraw support for Ozinga mining operation on Southeast Side

Warren Buffett's latest bet: Berkshire reveals $6.7 billion investment in insurance giant

Jeremy Corbyn’s seat in Islington North is up for grabs, but who could stand against him?

Candidates can now apply to stand for the Labour Party in Islington North, the position formely held byJeremy Corbyn.

News24 Business | Afrimat's diversified footprint helps deliver record results, and now it's eyeing copper

Afrimat has reported record annual revenues, profits and cash generation, as its diversified growth strategy continues to pay off.

Could the US economy be doing too well?

The US economic boom has consequences for the global balance of power - and for the UK.

More homes are on the market than a year ago, but rising mortgage rates remain a hurdle for many

Mortgage rates have been mostly ticking higher lately, but it’s not all bad news for home shoppers. Homebuyers have a wider selection of homes to choose from now than they had at this time last year, a trend that could help lead to more sales in a market still constrained by a thin inventory ...

With flyers more distracted than ever, United rolls out a rebooted safety video

United Airlines is releasing a new safety video for the first time in years. The refresh comes as airlines struggle to hold the attention of passengers who are distracted by screens of their own.

Walmart's strong first quarter driven by consumers seeking bargains with inflation still an issue

Walmart reported another quarter of strong quarterly results Thursday as its low prices pull in shoppers scouring for discounts with inflation stubbornly high. The nation’s largest retailer also offered an upbeat outlook. Walmart reported profits of $5.10 billion, or 63 cents per share for ...

BYD Shark Launched Globally; Likely To Rival Mahindra Scorpio-N Pickup

The BYD Shark houses a plug-in hybrid setup comprising a 1.5-litre turbo petrol engine paired with a 29.58kWh battery pack. 

Chevron to sell UK North Sea assets as it exits ageing oil basin

Company to focus on newer oilfields, bringing to an end more than 55 years of operations in region

Alert: Supreme Court upholds consumer protection agency's funding structure, rejecting a conservative attack

Supreme Court upholds consumer protection agency's funding structure, rejecting a conservative attack.

FCA charges ‘finfluencers’ for promoting unauthorised trading scheme

Nine individuals have been charged in relation to promoting an unauthorised foreign exchange trading scheme on social media, the Financial Conduct Authority (FCA) announced today. 

US green energy push expected to generate $47bn market in tax credits

Oil companies, banks, private equity and others partner with renewables developers to offset liabilities

UK's largest consumer-owned wind farm powering up this month

The UK's largest consumer-owned wind farm is powering up in Scotland this month.

EU investigates Facebook and Instagram over child safety

The EU will examine if the platforms are addictive and how effectively they check the ages of users

Banks with highest FD rates, up to 7.25%: SBI, HDFC Bank, ICICI Bank, PNB and compared - check list

State Bank of India, HDFC Bank, Canara Bank, ICICI Bank, Axis Bank, and PNB revised their fixed deposit rates. SBI hiked rates by 75 bps for certain tenures, while HDFC raised rates for 18 to just under 21 months. ICICI offers rates up to 7.20% for 15 months to less than 2 years.

‘I always love to squeeze the shorts’: Hedge funds burned as BT shares surge

Hedge funds have been burned by BT surging share price today.

EU launches probe into Meta over social media addiction in children

Facebook and Instagram owner to be investigated on whether it does enough to protect mental health of young users

Walmart Opens the Year With Stronger Sales and Profit

The largest retailer in the United States reported higher sales and profit, giving insight into how consumer spending is weathering the high-interest-rate environment.

Sikkim To Introduce AI-driven Traffic Management System On May 25: Details

The system aims to modernise traffic management and improve regulation efficiency by automatically verifying documents and detecting violations

The larger the nonprofit, the more likely it is run by a white man, says new Candid diversity report

White men are most likely to lead the largest, best-funded nonprofits, while women of color tend to lead the organizations with the fewest financial resources, according to a study from the nonprofit data research organization Candid released Thursday. “The State of Diversity in the U.S. ...

Britain’s got AI talent but that’s not enough

The ambitions may be homegrown yet the funds still come from abroad

Walmart issues rosy outlook as bargain-hunting shoppers continue to spend

Upgraded guidance follows forecast-beating results that included a 6% increase in first-quarter revenues

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

Global Awards 2024: Who won?; Samsung responds to Apple’s ‘Crush!’ ad; LA Chargers mock Kansas City Chiefs’ Harrison Butker.

Another one? American firm plots London Stock Exchange listing amid signs of revival

Another firm is reportedly gearing up to float on the London Stock Exchange in the coming weeks as the City begins to show signs of a revival following a barren period for the market.

Benin gives green light for Niger's oil exports to China

Benin was blocking a pipeline exporting crude oil from Niger to China. Now the trade dispute appears to have been resolved with China's mediation.

Adani Energy Solutions completes acquisition of Essar’s Mahan-Sipat Transmission assets

'Time running out' plea over shipyard's future

Union representatives at Ferguson's warn the yard desperately needs new work as it tries to move on from the ferries controversy.

China's Nio unveils Tesla Model Y rival

Nio's new brand Onvo has launched its challenger to the world's best-selling electric vehicle.

Honda expects hybrid boom to last until end of decade

Consumers have turned to hybrids because of worries about EV costs and charging infrastructure

Microsoft offers staff to relocate from China

Offer comes as tensions rise between Washington and Beijing over sensitive technology

Thai rice prices at 3-month peak

Export prices for Thai rice rose to a more than three-month peak this week, bolstered by thin supplies and strong demand, while rates for top exporter India remained steady due to lacklustre demand.

'Window closing' to rectify 'significant deficiencies' in trains, recycling, and bills

The window is closing to tackle public transport, bills and pollution in order to boost growth, improve lives and tackle climate change, the government's official infrastructure advisers has warned.

Nick Kyrgios: I’ll always be there for Novak Djokovic

Australian tennis player Nick Kyrgios has said he will always be there for Novak Djokovic after the duo revealed they’ve buried the hatchet on a chequered relationship. In the past Kyrgios has described the Serbian as a “tool” during the period where Djokovic was banned from entering ...

US prisoners are being assigned dangerous jobs. But what happens if they are hurt or killed?

An Associated Press investigation into prison labor in the United States found that prisoners who are hurt or killed on the job are often being denied the rights and protections offered to other American workers. These prisoners are being placed in dangerous jobs, sometimes with little or no ...

US applications for jobless benefits come back down after last week's 9-month high

Fewer Americans applied for unemployment benefits last week as layoffs remain at historically low levels even as other signs that the labor market is cooling have surfaced. Jobless claims for the week ending May 11 fell by 10,000 to 222,000, down from 232,000 the week before, the Labor ...

Keir Starmer: Major UK business chiefs back Labour leader

Keir Starmer has secured the backing of top business leaders, with the Boots boss and chief executive of housing developer Thakeham endorsing his party today. Their support was unveiled at a rally-style campaign event which saw the Labour leader and his shadow cabinet announce his six pledges ...

Facebook and Instagram face fresh scrutiny under the European Union's strict digital regulations

The European Union opened fresh investigations into Facebook and Instagram over suspicions that they’re failing to protect children online, in violation of the bloc’s strict digital regulations for social media platforms. It’s the latest round of scrutiny for parent company Meta Platforms ...

Royal Mail owner poised to accept £3.5bn takeover bid

Royal Mail's owner IDS said it had received a revised proposal of 370p a share from a Czech billionaire.

Teens could be recruited as train drivers under new plans

People as young as 18 will be able to get behind the controls of a train as part of a government proposal aimed at boosting staff. 

Despite Inflation Concerns, Markets Keep Rising

Stocks on both sides of the Atlantic set records as investors foresee interest rates moving in one direction: down.

Competition watchdog: Nationwide PPI failures were due to how ‘systems were set up’

The competition regulator has written to Nationwide after it was revealed it provided incorrect information to payment protection insurance customers

Biden to raise solar import tariffs in bid to protect US industry

Move follows sweeping levies on Chinese goods in latest protectionist trade action ahead of November election

Peak ScotRail fares scrapped for further three months

A pilot scheme scrapping peak ScotRail fares has been extended for an additional three months, Scotland's first minister has announced.

Healthcare firm Aoti to unveil plans for £160m London float

An American developer of woundcare technology is preparing to push the button on a London stock market flotation next month in a further signal of the City's tentative recovery as a multinational listing venue.

China and Russia reaffirm ties as Moscow presses offensive in Ukraine

Russian President Vladimir Putin has thanked Chinese leader Xi Jinping for China’s proposals on ending the war in Ukraine, which have been rejected by Ukraine and its Western supporters as largely following the Kremlin’s line. At their summit, Putin and Xi reaffirmed a “no-limits” ...

Supreme Court Rejects Challenge to Consumer Watchdog’s Funding

A decision against the agency, the Consumer Financial Protection Bureau, could have cast doubt on all of its regulations and enforcement actions.

Teen died from eating a spicy chip as part of social media challenge, autopsy report concludes

A medical examiner says a Massachusetts teen who participated in a spicy tortilla chip challenge died from ingesting a substance “with a high capsaicin concentration.” Capsaicin is a chili pepper extract. The Associated Press obtained the autopsy results late Wednesday. The Worcester teen, ...

WPP is ‘significantly stronger company’ than when Sorrell left, chairman says

Company has lost crown as most valuable agency group since 2018.

Banks report increase in FX quant investment trades

Banks are increasingly reporting heavy backing for foreign exchange quantitative investment strategy trades.  -More- 

Japanese economy shrinks 2% in Q1

Japan's GDP declined an annualized 2% in the first quarter compared with Q4, faster than the 1.5% drop economists had expecte -More- 

Some dividends cut amid pandemic have yet to return

Most of the 187 US-listed firms that halted dividends in 2020 amid the coronavirus pandemic have restored the payments.  -More- 

US proposes ending new federal leases in nation's biggest coal region

The Biden administration has proposed an end to new coal leasing from federal reserves in the most productive coal mining region of the U.S. The move announced Thursday would limit future climate-changing greenhouse gas emissions from burning the fuel. It drew instant pushback from Republicans ...

Ermotti: We must learn from Credit Suisse mistakes

UBS CEO Sergio Ermotti has criticized Swiss authorities for letting Credit Suisse collapse after the head of the Swiss Financ -More- 

Edelman names Lisa Sepulveda first global chief people, culture officer

Sepulveda was previously the firm’s global chief client officer.

What founders should look for in board members

Company founders should consider a clear purpose for board members and prioritize hiring board members who can collaborate, w -More- 

Thursday evening news briefing: Starmer is serial promise breaker, Tories warn

Julian Edelman on wellness myths in Bayer’s One A Day social push

One A Day’s goal is to spur candid wellness confessionals from people across social media platforms like Instagram, Facebook and TikTok.

IMF signs off on SDRs as a way to finance programs

The International Monetary Fund has approved the use of special drawing rights to purchase hybrid capital instruments.  -More- 

Jewelers Turning to Artificial Intelligence for Online Advertising

Jewelers are increasingly exploring the technology’s potential to create new worlds in online campaigns.

Citroen Collaborates With OHM E Logistics, To Supply 1,000 Units Of e-C3 EVs

The two companies have signed a Memorandum of Understanding (MoU) to introduce the e-C3 into the electric shared mobility services of OHM E Logistics and the 1,000 units of Citroen e-C3 will be delivered over 12 months.  

Treasury market rallies after CPI release

The yield on the 10-year Treasury fell as much as 10 basis points Wednesday to 4.34%, the lowest level in over a month, after -More- 

SEC filing implies Ether ETFs could be denied

A March filing with the Securities and Exchange Commission suggests the regulator is considering labelling cryptocurrency eth -More- 

News24 Business | Sanlam reports strong first quarter, but warns about the rest of 2024

Though Sanlam said it expects the momentum demonstrated by its core businesses in the first quarter their earnings growth rate is not expected to continue for the balance of 2024.

Sony Music warns global tech and streamers over AI use of its artists

Music group representing Adele and Beyoncé contacts more than 700 companies to prohibit use of content

FTSE 100 trounces US and Europe since start of interest rate hikes

The FTSE 100 has been a winning index in the higher interest rate world.

Citadel reportedly sees $2.3B in Q1 net trading revenue

Citadel Securities had net trading revenue of $2.3 billion in the first quarter, placing the firm on track for a record year, -More- 

Cashed up barrister and cattle station owner buys into Lygon Street

Australia’s richest barrister Allan Myers, KC, has quietly snapped up the ANZ bank branch in Carlton, down the road from his old university.

News24 Business | Bytes says no one else involved in trades of errant ex-CEO, who will pay back bonuses

JSE-listed Bytes Technology Group said on Thursday an investigation by its board - after it emerged that its former CEO Neil Murphy traded shares extensively without authorisation - has found no evidence he was acting in concert with another party.

There is a new twist in the TikTok tale

A ‘people’s bid’ for the app raises profound questions about how we live online

Top startup investors opened their wallets last month

April was the most active month of the year for top startup investors in the US, including Sequoia Capital, Khosla Ventures,  -More- 

Who is Paula Vennells? Ex-Post Office boss in Horizon IT inquiry

The ordained priest who led the Post Office from 2012 to 2019 faces three days of questioning at the Horizon Inquiry.

Kawasaki Teases Launch Of Limited-Edition Ninja ZX-4RR In India: Details

The Kawasaki Ninja ZX-4RR is powered by a robust 399 cc liquid-cooled, in-line four-cylinder engine, delivering  74 bhp at 14,500 rpm and 37.6 Nm of peak torque at 13,000 rpm. 

Stocks climb as investors price in rate cuts

The consumer price index fell slightly to 3.4% in April, increasing confidence that the Federal Reserve will cut interest rat -More- 

Alert: Medical examiner links spicy tortilla chips to death of Massachusetts teen who took part in social media challenge

Medical examiner links spicy tortilla chips to death of Massachusetts teen who took part in social media challenge.

Ola Cabs CFO Karthik Gupta Resigns After Seven Months Into Role

Ola founder Bhavish Aggarwal addressed staff in a letter about a restructuring exercise to improve profitability and prepare for future growth.

Walmart, Canada Goose rise; Deere, Freeport-McMoRan fall, Thursday, 5/16/2024

Stocks that traded heavily or had substantial price changes on Thursday: Walmart, Canada Goose rise; Deere, Freeport-McMoRan fall.

Alert: Dow Jones Industrial Average crosses 40,000 points for the first time

Dow Jones Industrial Average crosses 40,000 points for the first time.

How Media Outlets Are Covering Michael Cohen’s Testimony

Conservative outlets have painted Mr. Cohen as a traitor to the conservative cause, while liberal organizations focused on what he said he did for Donald J. Trump.

N.M.'s wastewater reuse plan off to a contentious start

The New Mexico Water Quality Control Commission on Monday held the first of a series of hearings to discuss and consider argu -More- 

Warren Buffett and The Big Short’s Michael Burry: Why are they selling Apple and buying gold?

The latest portfolio moves of Warren Buffett and Michael Burry have been revealed.

EA Sports College Football 25 comes out on July 19. Edwards, Ewers, Hunter are on standard cover

EA Sports has revealed an image of the College Football 25 cover that features Michigan running back Donovan Edwards, Texas quarterback Quinn Ewers and Colorado two-way player Travis Hunter. The video-game developer said the game will be released on July 19. EA Sports unveiled the standard ...

IEA's 2024 global oil demand outlook lowered again

Subdued economic activity in Europe and other Organization for Economic Co-operation and Development countries, alongside a m -More- 

Donor and consultant convicted again of trying to bribe North Carolina's insurance commissioner

A major North Carolina political donor and his associate have been convicted a second time of attempting to bribe the state's insurance commissioner to secure preferential regulatory treatment for his insurance business. Insurance magnate Greg Lindberg and former consultant John Gray were ...

API Training Course | API 653 & RP 575: Aboveground Storage Tank Inspection Code and Practice

This course is designed for novice inspectors, engineers and other personnel who are starting, changing or expanding their ca -More- 

After 25 years in Victoria, thrift store chain Savers is setting up in Sydney’s west

The cost of living crisis hasn’t been the only factor behind Savers Australia’s decision to expand into NSW for the first time.

FINRA launches page for Remote Inspections Pilot Program

The Financial Industry Regulatory Authority has added a webpage for the Remote Inspections Pilot Program, which starts July 1 -More- 

Mahindra & Mahindra lines up Rs 37,000 crore capex in next 3 years

Dow index tops 40,000 for first time

NEW YORK - The Dow Jones Industrial Average breached the 40,000-point level for the first time ever on Thursday, its fastest 10,000-point climb, powered by strong quarterly results and rising bets of interest-rate cuts by the Federal Reserve.

Dimon: US needs full engagement with China

JPMorgan Chase CEO Jamie Dimon has called for full US engagement with China, despite China being "tough competition" for the  -More- 

Safety concerns prompt calls to delay MVP startup

The Federal Energy Regulatory Commission is facing pressure from Virginia officials, environmentalists and landowners to post -More- 

Kingdom of the Planet of the Apes is a terrific summer blockbuster

Kingdom of the Planet of the Apes is a terrific summer blockbuster

Survey: Long-term corporate debt growing at most firms

Corporate debt has surged over the past two years amid inflation, high interest rates and slowing consumer spending.  -More- 

Goldman issues $3.5B in bonds in 3rd sale since March

Goldman Sachs has sold $3.5 billion in bonds, the third time in two months the bank has borrowed from the market.  -More- 

GSK sells off remaining stake in Haleon

The sale of its 4.2 per cent holding is expected to raise around £1bn

DOL Fiduciary Rule Implementation Workshop

In April, the US Department of Labor released its final "Retirement Security Rule." Join wealth management, compliance and op -More- 

AI-powered chatbots excel when encouraged, flattered

Techniques for eliciting effective answers from AI-powered chatbots include using wording that acknowledges its expertise, se -More- 

Have the Germans become lazy at work?

Germans have long been known for their diligence, sense of duty, reliability, and productivity. Recent data suggests that Germans are working fewer hours. But that doesn't tell the whole story.

Commentary: T+1 shift will help reduce industry risk

The shift to a faster settlement cycle will help relieve markets when volatility is heightened, writes Danny Green, head of i -More- 

Asian refiners favor Americas crude amid margins drop

Asian refineries are replacing Middle Eastern crude grades with more affordable alternatives from the Americas in response to -More- 

10 Upcoming High-Speed Expressways That Will Change Highway Travel In India

AI noise slowing down cybersecurity investment, VCs say

Investing in cybersecurity startups is getting more difficult with all the AI noise, according to venture capitalists at this -More- 

How Macy's is investing in a sustainable future

Macy's Mission Every One social purpose platform will run through next year in an effort to grow sales and customer loyalty w -More- 

Honda revs up on EVs, aiming for lucrative U.S., China markets

Japanese automaker Honda reaffirmed its commitment to electric vehicles Thursday, saying it will invest 10 trillion yen ($65 billion) through fiscal 2031 to deliver EV models around the world,…

Key Boeing supplier Spirit AeroSystems is laying off 450 after production of troubled 737s slows

A key Boeing supplier that makes the fuselages for its popular 737 Max airplanes is laying off about 450 workers. That's because production has slowed down ever since a panel flew off one of those airplanes operated by Alaska Airlines in midair in January. A spokesman for Spirit AeroSystems ...

FirstFT: China trade experts urge Xi Jinping to respond with caution to US tariffs

Also in today’s newsletter, Shein switches focus to London IPO, and China’s biggest banks launch first sales of special loss-absorbing debt

TikTok eyes live commerce expansion

TikTok Shop wants to promote Thai soft power through its live commerce events.

‘I still hate the man’: Why Wall Street’s billionaires are crawling back to Trump

When President Donald Trump lost the 2020 election to Joe Biden, some of Wall Street’s biggest names swore they were moving on from him for good. Times have changed.

Philadelphia still the 6th-biggest U.S. city, but San Antonio catching up, census data shows

New federal estimates show Philadelphia remains the nation’s sixth-most-populous city, despite a decline in population throughout the pandemic. But the U.S. Census Bureau data out this week also shows San Antonio, Texas, could surpass Philadelphia in the coming years if trends continue. The ...

Big rise in diseases linked to ageing and lifestyle increases healthcare burden

Findings on ‘metabolic risk factors’ reflect shift in biggest threats since start of 21st century

Brookfield arm to buy 50% in 4 Bharti assets

Brookfield India Real Estate Trust acquires 50% stake in grade A assets from Bharti Enterprises, including 33 lakh sqft commercial properties at Rs 6,000 crore. The equity consideration is fulfilled through preferential allotment in BIRET, making Bharti the second largest unitholder. Assets ...

What the Supreme Court Ruling Means for Other Consumer Bureau Actions

A score of court cases involving the Consumer Financial Protection Bureau can now proceed, but it is still likely to face legal challenges.

Community colleges build path to green jobs

Two-year colleges are proving to be a key link in efforts aimed at climate change as students flock to classes covering solar -More- 

Theft of more than 400 vehicles in Michigan leads to the arrest of 6 men

Six men face charges in connection with the theft of more than 400 vehicles worth about $8 million in Michigan. The state attorney general’s office said Thursday that the men were part of a criminal organization. They say the vehicles were stolen from dealerships, storage and parking lots, ...

AI-generated articles are permeating major news publications

NPR's Ailsa Chang talks with Maggie Harrison Dupre, staff writer at Futurism, about her reporting into AI-generated articles appearing on major news publications.

The Dow Jones hits 40,000 for the first time. What to know about this major milestone

Stock markets received a boost from new data showing inflation is easing. Lower inflation has raised hopes about the U.S. economy — but there are still a lot of unknowns.

Turf buyback program helps save water in Utah county

The Washington County Water Conservancy District in Utah launched a turf buyback program in 2022 that incentivizes homeowners -More- 

'Specific-event policies will shape future of insurers' business'

About 100 sub-postmaster convictions separate to Post Office cases may be 'tainted'

Prosecutions of sub postmasters by the Department for Work and Pensions could be "tainted" as Sky News reveals officials worked with now discredited Post Office investigators to secure convictions.

Chicago sees spike in Black teens out of school and work, study shows

Google wants judge, not jury, decide upcoming antitrust case in Virginia

Google is asking that a federal judge, rather than a jury, decide whether it violated U.S. antitrust laws by building a monopoly on the technology that powers online advertising. To bolster its case, the tech giant said Thursday in a court filing it wrote a multimillion-dollar check to the U.S. ...

Some investors raise concerns about UK's unfinished sustainable finance framework

An unfinished sustainable finance framework in the UK may be deterring investment, according to a survey by the UK Sustainabl -More- 

Equities tipped to hit new high amid rate cut hopes

Global stocks, especially on the US exchanges, could hit an all-time high in the second quarter as investors are expected to embrace riskier assets after concerns ease over the Federal Reserve's interest rate actions, says Thai wealth management platform Finnomena.

Inside NPR, New Editing Layer Adds Angst Among Employees

Many employees have expressed concern that a new group of six editors called the Backstop will be unnecessary and slow down NPR’s journalism.

How the Dominican Republic became Latin America's economic superstar

For decades, the Dominican Republic's economy has been growing at a remarkably steady pace. The Caribbean nation of 11 million people is today considered a middle-income nation, but the International Monetary Fund projects it could become an advanced economy within the next 40 years. Today ...

The man who turned his dead father into a chatbot

The "grief tech" firms helping users create talking avatars of their dead relatives.

Solar rooftop adopters set to win a tax break

A new tax reduction scheme for households that install rooftop solar panels is expected to be finalised by mid-year in an effort to reduce electricity bills and carbon dioxide emissions, says the Department of Alternative Energy Development and Efficiency (DEDE).

Lamborghini preps electric 'super car'

Automobili Lamborghini, an Italian manufacturer of luxury sports cars, plans to bring its new electric "super car" to Thailand, debuting it globally in 2028 as part of efforts to cut carbon dioxide emissions.

Mortgage rates cut but borrowing pressures remain

More homeowners are facing the first stage of the repossession process, new figures indicate.

Mahindra & Mahindra lines up Rs 37k crore capex over 3 years, EVs to get Rs 12k crore

Mahindra & Mahindra reveals a Rs 37,000 crore capex plan for three years, emphasizing petrol, diesel vehicles, and EV business. M&M executives share insights on new products and refreshes. BII, MEAL, and Temasek investments are vital for future growth.

Biotech company lays off 170 workers, mostly in Bay Area

BioMarin told employees, "A job loss can be a stressful and difficult event."

TAT, Alipay+ team up to woo Chinese

The Tourism Authority of Thailand (TAT) has partnered with Alipay+, a cross-border mobile payment platform operated by Ant International, aiming to attract more tourists to Thailand during the low season.

Don't panic, says stock market boss as firms leave UK

Many big firms are delisting in the UK but the London Stock Exchange’s chief says there is no need to panic.

Why diversity succeeds when employees feel included

Some companies suggest diversity, equity and inclusion should be rebranded, but the better approach is to develop actionable  -More- 

UN reports improved prospects for the world economy and forecasts 2.7% growth in 2024

The United Nations is reporting improved economic prospects since its January forecast for the global economy, pointing to a better outlook in the United States and several large emerging economies including Brazil, India and Russia. According to its mid-2024 report, the world economic is now ...

Teenagers could help fill train driver shortage

The government has put forward plans to reduce the age to qualify as a train driver from 20 to 18.

America’s ‘cable cowboy’ lost out in infrastructure boom

Wrangling media and telecoms products into business models that produce durable profits has proved to be tough going

ASX set to slide despite Wall Street milestone

The Dow Jones topped the 40,000 level for the first time as US stocks drifted around their records set a day before.

How major US stock indexes fared Thursday, 5/16/2024

U.S. stocks drifted to a mixed close near their record levels after the Dow Jones Industrial Average briefly topped the 40,000 level for the first time. The Dow ended with a loss of 0.1% Thursday. The S&P 500 index, which is much more widely followed on Wall Street, slipped 0.2%. The Nasdaq ...

Reddit shares surge as it strikes content deal with OpenAI

Agreement comes as competition for high-quality data to underpin AI models intensifies

Toshiba to cut 6% of domestic workforce in big revamp after delisting

Toshiba Corp said Thursday it will slash up to 6 percent of its workforce in Japan by offering staff early retirement packages and reduce redundant operations by integrating…

Biden ending new leases in America's top coal region

Citing climate change, federal land managers are moving to end new leasing for coal in the country's top producing region.

BBL: Regulator to okay 1% credit card fee this year

The Bank of Thailand is expected to authorise credit card issuers charging a new 1% fee for overseas spending within this year, following efforts by businesses to improve understanding among cardholders.

Business locked in expensive AI 'arms race'

Business leaders feel pressure to invest in AI but the costs are formidable.

IAS-turned-IT veteran Vineet Nayyar dies at 85

Vineet Nayyar, former vice-chairman of Tech Mahindra, passed away at 85. An IAS officer, he led Tech Mahindra to $3 billion revenue and 90,000 employees in FY14. Anand Mahindra praised his transition from public to private sector. Nayyar also founded Gas Authority of India and was CEO of HCL ...

Restaurants shrink tables, workweeks to seek balance

Smaller groups of diners and four-day weeks are taking over at many restaurants seeking better finances and work-life balance -More- 

Alert: US Coast Guard says early estimates show barge collision in Galveston may have spilled up to 2,000 gallons of oil

US Coast Guard says early estimates show barge collision in Galveston may have spilled up to 2,000 gallons of oil.

Arup lost $25mn in deepfake video conference scam

UK-based engineering group identified as target of fraud that used digitally cloned CFO to trick Hong Kong staff

Federal broadband program helping more than 300,000 Cook County residents set to expire

PM-KUSUM: After PM Suryaghar Muft Bijli Yojana, government drafts plan to drive solar pump installations for farmers

The government aims to make solar agricultural pump installations more accessible to farmers under the PM-KUSUM scheme by connecting them to vendors through a national portal, similar to the revamped solar rooftop scheme PM Suryaghar Muft Bijli Yojana.

UK water companies embrace PFI to deliver £14bn of infrastructure

Ofwat encourages debt-laden utilities to set up entities to deliver reservoirs and pipelines

Taiwan is selling more to the US than China in major shift away from Beijing

Taiwan is reducing its reliance on the Chinese mainland as it seeks to insulate itself from pressure from Beijing and forge closer economic and trade ties with the United States. In a stark illustration of the shift, the U.S. displaced mainland China as the top destination for Taiwan’s ...

News24 Business | SA set for first primary budget surplus in 15 years

South Africa likely achieved a primary budget surplus — where revenue exceeds non-interest expenditure — for the first time in 15 years, setting it on a path to arrest further growth in debt that’s already worryingly high.

Asia-Pacific Innovative Lawyers Awards 2024: the winners

Awards highlights include: digital tools, deal making and the most innovative law firms and individuals

Unilever kicks off £1.29bn buy-back as bosses look to boost share price

The Dove-to-Marmite maker said the first tranche of a buyback programme announced in February will be worth up to €850m and will run from today until the end of August.

Practitioners: persuasion with a dash of comedy

Whatever their area, practice lawyers who stand out for legal expertise have usually made a mark by challenging preconceived ideas and doing something a bit different

Planning To Buy Tata Nexon? Wait for A While, Soon To Get A Panoramic Roof

Tata Nexon: Currently, in the Indian car industry, the overall SUV segment market share is more than 50 percent with an upward graph.

How National Association of Realtors settlement will affect homebuying in Chicago

Euan Blair shrugs off Multiverse troubles to become one of Britain’s richest people

Tony Blair’s son Euan has appeared on a list of the richest Brits for the first time on the back of a hefty stake in his educational tech ‘unicorn’ Multiverse.

The Sunday Times Rich List: Alan Sugar climbs the ranks

Lord Alan Sugar is worth an estimated £1.082bn, according to The Sunday Times Rich List. The frontman for BBC’s smashit The Apprentice came in at 159th on the annual list, up from 165th last year. 

‘Major milestone’: UK ratifies Indo-Pacific CPTPP post-Brexit trade deal ahead of schedule

The UK has hit a “major milestone” in its efforts to join the CPTPP trade pact as it ratified the terms of agreement ahead of schedule.

XL Media: US revenue tanks at betting firm amid ‘increased competition from large publishers’

The owner of SportsBettingDime and Which Bingo, said revenue in the US was down 42 per cent down on last year’s figure to $26.9m (£21.2m). 

Janet Street-Porter embodies this country’s pensioner problem

Where on earth does Loose Women's Janet Street-Porter get the idea Rishi Sunak 'hates pensioners'? The entire Conservative agenda is built around appeasing this entitled generation and the rest of us are paying for it

Do you want to exchange torn, imperfect or soiled currency notes? Here’s what you can do

Individuals in India can exchange damaged currency notes at any bank branch following varying rules based on the notes' condition and quantity. The process includes exchange limits and procedures for mutilated, soiled, and extremely damaged notes, with service charges as per RBI guidelines.

PM Modi Will Be Back With ‘Good Majority’, Work On Full Budget To Start Soon: FM Sitharaman

The Finance Minister said that the fundamental reason behind this high economic growth was the stability in government policies without any flip-flops and corruption-free decision making which has been going on silently behind the scenes.

Losses widen at owner of five-star London hotel The Stafford and Michelin restaurant

The owner of The Stafford, a five-star hotel in London as well as a Michelin-starred restaurant, saw its losses widen in 2023 after the decline of staycations and the worsening economy in the UK.

Visitors to Singapore can use automated lanes to speed up travel

All travellers into Singapore will be able to use automated lanes that scan passports and use facial and iris recognition by the end of year, the city-state’s Immigration and Checkpoints Authority said.

Stay Loyal to Lor for a Super day at Sha Tin

UMBRELLAS will once again come to the fore for racegoers, when racing gets underway with a 10-race programme at Sha Tin in Hong Kong on Sunday. Following a brief respite, with pleasant conditions at Happy Valley in midweek, the forecast of heavy rain and probable thunderstorms, points ...

China Says It Will Start Buying Apartments as Housing Slump Worsens

Signaling growing alarm, policymakers ramped up their efforts to stem a continued and steady decline in real estate values.

Duke of Westminster’s £10bn fortune sends him to the top of the young Rich List

Hugh Grosvenor, the Duke of Westminster, has dodged the property slump, to top the under 40 category on the Sunday Times Rich List.

Lush posts huge loss but hopes SpongeBob SquarePants and Barbie deals can turn fortunes around

Lush is seeking the help of SpongeBob SquarePants and Barbie to help it boost sales and return to profit.

China unveils package to boost property sector

Central bank eases lending requirements and lowers downpayments to ease yearslong slowdown

Backlash as Morrisons trials sale of New Zealand lamb

It says the move is due to customer demand for cheaper prices in the wake of the cost of living crisis.

Ex-Post Office IT boss blocked Vennells' number

Lesley Sewell tells the Horizon inquiry she was "not comfortable" being contacted by the former chief.

BPX Energy exec shares strategic vision

BP subsidiary BPX Energy is targeting a 60% increase in US production by 2030, with a particular focus on producing more liqu -More- 

Drilling activity slump weighs on Haynesville gas output

Reduced drilling activity puts Haynesville Shale natural gas production on track to drop by almost 270 MMcf/d in June as lega -More- 

2024 Exploration and Production Standards Conference on Oilfield Equipment and Materials, June 10-14, Denver, Colo.

Join API for the 2024 Exploration & Production Standards Conference to gain access to technical committee meetings covering A -More- 

US has centuries' worth of oil, gas supplies, report finds

A recent report from the Institute for Energy Research estimates that the US has 1.66 trillion barrels of technically recover -More- 

Moderna wins case in patent dispute with Pfizer and BioNTech over Covid jab

Decision is a boon for the mRNA-vaccine maker in its legal fight to recoup pandemic profits from rivals

Nickel price surges as New Caledonia riots raise concerns over supply

Industrial metal critical in electric vehicle batteries climbs almost 7%

Dodd-Frank and expanded SEC authority over investment advisers: A step back

In 2023, the Securities and Exchange Commission proposed an overhaul of custody requirements for investment advisers that rel -More- 

Advisers worry as social media investment scams surge

Trusted figures often used to persuade people to put money into fraudulent schemes

News24 Business | City of Tshwane lobbies Ramaphosa to stop new electricity law

The City of Tshwane is concerned that the ERA Bill will interfere with its ability to set electricity tariffs.

Course Offering - Virtual Dates Available | API 580/581 Risk Based Inspection

This Risk-Based Inspection training course helps attendees understand and use RBI technology, develop a program and learn wit -More- 

The epidemic of bogus science

There’s an arms race in academic publishing between AI, fraud detectors and authorship brokers

India Forex Reserves Surge By $2.56 Bn To $644.15 Bn

Rising foreign exchange reserves are positive for the economy as they reflect an ample supply of dollars that help to strengthen the rupee. 

Premier League prize money: How much do you get for winning the title?

The majority of clubs may not have a Premier League title to win or relegation to avoid, but there are millions riding on this weekend. Prize money can differ massively between each spot in the Premier League table, and that’s something each team will be conscious off come kick-off this ...

Real Estate Sector To Contribute 15% To India’s GDP By 2050: NAREDCO President

Real Estate sector is likely to touch a market size of one trillion dollars by 2030.

Paying more is ‘not viable’: how new visa rules are hitting foreign graduate recruitment

International students have had UK job offers rescinded after visa changes made hiring them too expensive

Ukraine war: The trillion dollar cost to the West

Governments face increased borrowing, taxes and public sector cuts to finance their soaring military budgets. European NATO members are set to spend a record $380 billion on defense this year — a tough sell to voters.

Grand Theft Auto maker firms up GTA 6 release date

The latest instalment of the hugely popular series will be released in autumn 2025, its publisher says.

NOT REAL NEWS: A look at what didn't happen this week

Social media users shared a range of false claims this week. Here are the facts: Milwaukee's director of elections was not removed from her position for vote rigging in the 2020 presidential election. Election officials say internal matters led to the change, noting there “was no indication ...

Full Emergency Declared At Delhi's IGI Airport After Fire Scare In Bengaluru-Bound Air India Flight

A fire in the AC unit of Air India flight 807, which was travelling from Delhi to Bangalore, reportedly resulted in the declaration of a state of full emergency at Delhi's Indira Gandhi International (IGI) Airport.

Federal judge hearing arguments on challenges to NYC’s fee for drivers into Manhattan

New York’s first-in-the-nation plan to levy a hefty toll on drivers entering Manhattan is the focus of a legal battle playing out in federal court. A Manhattan judge is hearing arguments Friday in lawsuits brought by unionized public school teachers and other irate New Yorkers seeking to halt ...

Subscribe to Shale SmartBrief for more news on the shale industry

Oil, gas industry fights new BLM fees rule in court

A coalition of oil and natural gas industry groups, including the Western Energy Alliance, is asking a Wyoming federal court  -More- 

Scale becoming a priority in shale sector, analyst says

The US shale industry is entering a new chapter that is likely to be characterized by a greater focus on scale as companies s -More- 

Funds use AI, satellites to track Freeport LNG plant

The Freeport Liquified Natural Gas plant is essential to one of the most important commodity markets, liquefying up to 2% of  -More- 

GameStop to sell up to 45mn new shares after latest ‘meme stock’ rally

Video games store operator announces preliminary results showing expectations for a further drop in net sales

Crescent announces $2.1B tie-up with SilverBow

Crescent Energy and SilverBow Resources have agreed to merge in a $2.1 billion deal that would create the second-largest oper -More- 

News24 Business | Rand reaches strongest levels since 2023

On Friday, the rand was trading at levels last seen in mid-November 2023 amid dollar weakness and stronger commodity prices.

Mercedes workers vote no to union, putting the brakes on UAW's march South

More than 5,000 Mercedes-Benz workers who build luxury SUVs in Alabama were eligible to vote on whether to join the UAW. Workers faced intense anti-union messaging from Mercedes in the run-up.

Zappos takes customer experience to the next level via AI

Amazon-owned online footwear and clothing retailer Zappos has long been exploring AI and other technology tools to enhance cu -More- 

Comcast plans to offer a new streaming bundle. Is streaming the new cable?

Comcast announced that it plans to offer a new streaming bundle with Peacock, Netflix and Apple TV+, which sounds a lot like the cable channels packages that consumers left cable TV to get away from.

Key to the mental health crisis -- become "augmented"

Entrepreneurs need to become "augmented" to navigate the mental health crisis that startup founders face, writes Breega head  -More- 

Federal Reserve Chair Jerome Powell working from home after testing positive for COVID-19

Federal Reserve Chair Jerome Powell has tested positive for COVID-19 and is experiencing symptoms. Powell tested positive late Thursday. A spokesperson said Powell is following guidance from the Centers for Disease Control and Prevention, and he is staying away from others and working at home. ...

Multiples-based valuation becoming more important

Younger venture investors are increasingly using multiples-based valuations to drive startup investing decisions, which is wo -More- 

More banks boosting capital with fixed preferred stock offerings

Citizens Financial Group has joined a growing trend among regional banks to offer fixed-for-life preferred stock, according t -More- 

Vindicated by Supreme Court, CFPB director says bureau will add staff, consider new rules on banks

Since its creation roughly 14 years ago, the Consumer Financial Protection Bureau has faced lawsuits, political and legal challenges to the idea of whether the Federal Government’s aggressive consumer financial watchdog agency should be allowed exist at all. Now cleared of any legal ...

US firms capitalize on lower European borrowing costs

American corporations are increasingly tapping into the European bond market, issuing approximately €30 billion in euro- -More- 

Subway commuters in Buenos Aires see fares spike by 360% as part of austerity campaign in Argentina

Commuters in Buenos Aires are being hit by an abrupt 360% increase in subway fares. It's one of the most dramatic price hikes in libertarian President Javier Milei's harsh budget austerity campaign in Argentina. A judge on Thursday lifted an order that had temporarily blocked the scheduled ...

Hyderabad dronetech startup Drogo Drones eyes foray into air taxi services

Execs: Consider alternatives to layoffs

Employers should try to move employees to new jobs, other parts of the company or part-time roles before carrying out layoffs -More- 

Why TikTok Users Are Blocking Celebrities

A TikTok movement is calling for followers to block famous people over their stances on the Israel-Hamas war. It began at the Met Gala.

New endangered listing for rare lizard could slow oil and gas drilling in New Mexico and West Texas

Federal wildlife officials have declared a rare lizard in southeastern New Mexico and West Texas an endangered species. The Fish and Wildlife Service said Friday that future energy development, sand mining and climate change could lead to extinction of the dunes sagebrush lizard in one of the ...

Electral sales jump 26% as heatwaves take toll

Dehydration and Electral sales surge in India's pharma retail market in April, per IQVIA data. Cardiac, gastroenterology, and dermatology therapies show growth. Poor sales of respiratory and anti-infectives affected market in March. Gastroenterology medicines like Pan, Pan D, liver therapies ...

Frontier Airlines, stuck in a money-losing slump, is dumping change fees and making other moves

Frontier Airlines is dropping those dreaded change fees, at least for some of its passengers. The discount airline said on Friday that it's creating four types of fares. The cheapest tickets, called “basic,” won't let you cancel or change a ticket, but the other fare categories will. Most ...

Government to work with private sector for development journey: Finance minister Sitharaman

Finance minister Nirmala Sitharaman advocated for higher manufacturing investment, contrary to some economists' advice. She emphasized collaboration with the private sector and addressed Raghuram Rajan's support for a services-led strategy.

Spotify sued over alleged unpaid royalties

Music streaming giant Spotify has been sued in a U.S. federal court for allegedly underpaying songwriters, composers and publishers by tens of millions of dollars. The lawsuit against…

Reflections

My friend Kari* recently moved out of the house she was sharing with a traveling nurse.

Fear of failure, massively outdated stigmas around mental health, and the pace of movement in the startup space leave little room for introspection and support-seeking.

Ann-Sophie Delage, head of talent at Breega, writing in The Next Web

Why a successful exit isn't enough

Entrepreneurs who create a business and successfully exit often feel unsatisfied and find their way back into the startup wor -More- 

Bank of England plans expansion of Leeds base

The bank's governor says expanding its Leeds base would enable it to "better represent the public".

Senate group calls for $32B in annual AI spending

The AI Working Group -- a bipartisan Senate group led by Majority Leader Chuck Schumer, D-N.Y.  -More- 

More people seek help for debts as fee scrapped

Debt Relief Orders are available to those on low incomes to clear existing debt and surged as the fee was axed.

Melissa Selcher departs LinkedIn after 8 years

Selcher was chief marketing and communications officer at the platform.

Fay highlights the success of platform startups

Fay, the platform startup that connects registered dieticians and insurance companies, recently raised $25 million, highlight -More- 

Blow to UAW as Mercedes-Benz workers in Alabama vote against union

Defeat marks a reversal for the United Auto Workers after victory at Volkswagen plant in Chattanooga

Alan Bates rejects second Post Office compensation offer

The latest offer amounted to around a third of what the campaigner had asked for.

Trai to issue consultation paper to curb pesky calls

Govt, Trai, and consumer affairs ministry are revising regulations to counter pesky calls and unsolicited commercial messages, tightening mechanisms.

Average salaries of supply chain pros surpass $100K

The average supply chain salary rose above $100,000 for the first time in 2023, hitting an average of $103,000, according to  -More- 

More employees are cheating on drug tests

A new report from Quest Diagnosis finds that more workers are cheating on their employment drug tests, with invalid urine sam -More- 

Struggle to switch off? Here’s how to leave work at work

Shutting off your work brain and shifting into relaxation mode is easier said than done, but it’s important to use strategies to help you leave work at work.

Odisha tops in inflation, rate over 7% for 6 months

Odisha's high inflation contrasts with Delhi's lower rates, influenced by volatile vegetable prices and RBI's insights on food price uncertainties and wheat production impact.

Police conclude investigation into suicide of Boeing whistleblower

Police say a former Boeing manager who raised safety questions about the aircraft maker took his own life. Police in Charleston, South Carolina, released details Friday on their investigation into the death of 62-year-old John Barnett, of Pineville, Louisiana. Barnett was a longtime Boeing ...

Trai looks to bring WhatsApp, Facebook, X, Insta under regulation

Trai plans to regulate OTT services like WhatsApp and Facebook, excluded from the new telecom act. Chairman Lahoti announced open discussions on the matter at a symposium on 'Strengthening Atmanirbhar: Securing domestic industry and technology' by the Parliament. The consultation paper, ...

UN revises India's 2024 growth upwards to 6.9%

UN's World Economic Situation and Prospects report revised India's 2024 GDP growth to 6.9%, surpassing China. The IMF and RBI also raised growth forecasts. India's economy is a bright spot with strong domestic demand, robust exports, and efforts to control consumer price inflation, particularly ...

Tesla’s chair on Elon Musk: ‘I might wake up to a tweet. I don’t wake up to a strategy shift’

Robyn Denholm rejects criticisms of carmaker’s governance ahead of landmark votes on Musk’s pay and Texas move

Wegovy is becoming too essential for its elite price

As the health benefits of anti-obesity medicines widen, pharma companies need to rethink what they charge

Most VC-backed startups don't have a path to an exit

Among the nearly 63,000 venture-backed startups worldwide only 3% have a plausible path to an exit through a successful initi -More- 

Ex-Facebook exec who used company cards to steal millions gets prison time

The former DEI exec said she has become the "poster child of being a fraud."

News24 Business | Business brief | Altron lifts despite profit warning; Twitter officially shifts to X

An overview of the biggest business developments in SA and beyond.

OpenAI put ‘shiny products’ over safety, departing top researcher says

Jan Leike’s exit from ChatGPT maker is the latest sign of internal divisions over technology’s development

Why A&W made a festival-worthy 18-minute documentary about hotdogs with bacon

Developed by Rethink, the documentary tells the stories of "whistle dog warriors" who want A&W to bring back whistle dogs.

HR leader spearheads LGBTQ+ initiatives at Coca-Cola

Antony Kontellis, senior HR director at Coca-Cola and a member of the LGBTQ+ community, reflects on how his challenges in you -More- 

The case for consistent, precise sustainability reporting

Sustainability standards for companies should be "simple and consistent to ensure functional compliance" as well as align wit -More- 

Russian court seizes assets worth €463mn from Italy’s UniCredit

Move follows dispute with a subsidiary of Gazprom over guarantees made to German group Linde

$75 million yacht owned by tech billionaire spotted in San Francisco Bay

The yacht was $75 million, but its owner has plenty to spend on SF’s election.

Dow Jones closes above 40,000 for first time amid global market volatility

The Dow Jones industrial average closed above the 40,000 mark for the first time on Friday, with other major indexes also scoring weekly gains, as data supported expectations for interest rate cuts by the Federal Reserve this year. The benchmark S&P 500 edged higher after paring losses while ...

Investors pushed to diversify

Krungthai Asset Management (KTAM) recommends investors diversify risks and balance their portfolios amid elevated interest rates and the US presidential election in November.

Here’s how to get Gen Z interested in their pensions

Allowing employees to choose their pension provider and consolidate their contributions into one pot is popular with Gen Z who frequently move jobs and could help them be more financially secure in the future, Says Niamh O Regan By and large, people choose their own financial products. Who ...

Study: Wind farms offset carbon emissions in two years

Wind farms can offset the carbon emissions generated over their entire lifespan within two years of operation, according to a -More- 

Steelmakers warn ministers that UK faces dumping risk

Plans to bring in carbon tax a year after EU will see shipments ‘diverted’ to Britain, industry says

British investor in talks to buy 49% share in Teesside International Airport

Michael Flacks wants to transform the facility into a cargo, repair and maintenance hub

Pension funds need ‘compelling’ returns from UK nuclear projects to invest

Potential investors tell Jeremy Hunt regulatory clarity also essential before backing new power plants

Researchers: Climate warming's threat to world's GDP worse than thought

More warming of the world would cause financial losses equal to a perpetual state of war, according to a research paper from  -More- 

Boeing shareholders rebuke chief executive Dave Calhoun

Objections to pay package and re-election to the board fall short but point to shareholder frustration