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FPIs Infuse Over Rs 13,300 Crore In Equities In April So Far Amidst Bullish Economic Outlook

According to the data with the depositories, FPIs made a net investment of Rs 13,347 crore in Indian equities this month (till April 12).

IPOs This Week: Check Details Of Upcoming Public Offerings

In the small and medium enterprise (SME) sector, two companies, Ramdevbaba Solvent and Grill Splendour Services, are set to launch their IPOs for subscription.

Govt to boost rice exports to Philippines

The government is seeking to increase rice exports to the Philippines now that the Southeastern Asian nation is expected to import more rice than previously forecast this year.

How Israel’s defences repelled Iranian missile and drone attack

‘Multi-layered’ array deployed included early warnings and Arrow system that intercepts long-range projectiles

The Swedish kingmakers behind a European private equity giant

How the Wallenberg family helped turn EQT Partners into a colossus of the buyout industry

Europe trails China and US after ‘monumental’ energy mistakes, IEA chief says

Intervention comes as EU leaders prepare to debate bloc’s economic competitiveness

Israel hails ‘success’ in blocking Iran’s unprecedented attack

Israel has hailed its successful air defences in the face of an unprecedented attack by Iran, saying it and its allies thwarted 99 per cent of the more than 300 drones and missiles launched towards its territory.

Former JD Sports chief Cowgill snaps up Applied Nutrition stake

The former JD Sports Fashion boss who presided over its soaring stock market valuation is taking a stake in Applied Nutrition, the fast-growing sports supplement maker, as it steps up preparations for a bumper flotation.

News24 Business | For R350 a month, residents of informal settlements can use a waterless toilet

A waterless toilet solution is being rolled out in informal settlements in Durban and for R350 a month, residents can use it.

Berlusconi family group calls for European media consolidation amid ProSieben boardroom battle

MediaForEurope pushing its own board nominees but denies planning takeover of German broadcaster

Nico Rosberg: Former F1 champion launches £26m venture capital fund

Rosberg Ventures will target tech-focused venture capital firms, aiming to attract investments from affluent family offices across Europe.

Retail Buying In Asia Including India Fuels Gold Price Momentum: Goldman Sachs

In India, both gold and Sensex has surpassed the magical 75,000 figure. 

Treasury urged to reverse end of stamp-duty relief for multiple dwellings

Industry group says move will discourage construction of homes being built in England

Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.

Alex Garland’s provocative “Civil War” didn’t only ignite the discourse. The film also inspired audiences to go to the cinemas this weekend where it earned $25.7 million in ticket sales in North America. That's according to studio estimates Sunday. It’s the biggest R-rated opening ...

News Outlets Urge Trump and Biden to Commit to Presidential Debates

In an unusual statement, the news organizations said “there is simply no substitute” for a face-to-face debate, a campaign staple since 1976.

Air India Temporarily Suspends Flights To Tel Aviv Amid Israel-Iran Tensions

Flights to and from Tel Aviv were suspended by Air India starting October 7, 2023, following a Hamas attack on the Israeli city. 

Marks and Spencer chair: Labour’s new deal for workers could hurt investment

The chairman of Marks and Spencer has said Britain may risk being unable to attract investment if Labour's new deal for workers is rolled out upon winning the next general election.

News24 Business | These e-bikes are helping to plug SA's youth unemployment gap

An eco-friendly delivery solution seeks to address South Africa's youth unemployment gap.

Markets await March inflation data for new signals on interest rate cuts

Analysts expect the headline rate of inflation for March to ease to 3.2 per cent from 3.4 per cent, when new figures are published this week.

Watch as Formula E leader Rowland RUNS OUT of energy in race

Brit Oliver Rowland was denied back-to-back Formula E wins in Misano after his car ran out of juice on the final lap of Sunday’s race.  Having taken victory in the first of two Formula E races this weekend due to the disqualification of winner António Félix da Costa, the Nissan driver was ...

Japan’s biggest brewer Asahi goes teetotal as consumers abandon booze

Chief executive says zero- and low-alcohol beverages will represent half the company’s sales by as early as 2040

Why Japan is heavily invested in North Carolina

After visiting Washington this week, Japan's prime minister traveled to North Carolina, a key state for Japanese investments. One focus: a new factory to make batteries for electric vehicles.

West Asia conflict may cast shadow on India, global economy

The recent escalation in tensions, particularly following Iran’s drone offensive, is causing concern among finance ministers and central bank chiefs. The primary impact is expected on oil prices, which surged to $92.2 a barrel, posing risks to global economic stability. In India, while pump ...

Oil market shrugs off fears of wider war after Iranian strike on Israel

The price of Brent crude was flat but experts warn of volatity in the event of Israeli retaliation

Cautious investors brace for volatility, negative opening today

San Francisco judge dismisses Elon Musk's 'vapid' lawsuit

"This case is about punishing the Defendants for their speech," the SF judge wrote.

Global gold climbs towards record after Iran’s strike against Israel

Gold advanced to near a record after Iran’s unprecedented attack on Israel over the weekend drove demand for haven assets.

Indian stocks to beat China, Japan equities despite high price

India has emerged as the most favored investment destination among the three major Asian economies, according to a recent MLIV Pulse survey. Despite China's low stock valuations and Japan's efforts to enhance corporate governance, nearly half of the 390 respondents chose India as the top pick. ...

Elon Musk-led Tesla signs strategic deal with Tata Electronics for semiconductor chips: Report

Tesla has signed a strategic deal with Tata Electronics to acquire semiconductor chips, signaling its interest in India's automotive market. The agreement positions Tata as a key supplier for global clients entering India's semiconductor value chain. Elon Musk plans to visit India for potential ...

Charles Tyrwhitt: Demand for quarter-zips and gilets to lift future sales

Charles Tyrwhitt expects the business to grow by 20 per cent over the next year, helped by a demand for more casual attire. 

Analysis: Is Rory McIlroy close to joining LIV Golf in a sensational $850m U-turn?

It would mark a stunning U-turn from one of the most vocal critics of LIV Golf – and a remarkable coup for the Saudi-backed circuit.

Retail buying in Asia including India fuels gold price momentum: Goldman Sachs

The report underscores the significant role played by new incremental factors, particularly the surge in accumulation by Central Banks in emerging markets (EM) and increased retail buying in Asian markets including India have led to an increase in gold prices worldwide. Despite expectations ...

Hollywood strikes ‘groundbreaking’ AI agreement with Sony, Universal, Warner and Disney

The deal includes Warner Music Group, Sony Music Entertainment, Universal Music Group and Disney Music Group.

UK to reveal social media ban plans for under-16s within weeks

Downing Street is reportedly set to reveal the proposals for stricter age restrictions on social media apps within weeks.

India a country with most business potential: Japanese printing giant Fujifilm

Fujifilm sees India as a high-potential market, considering R&D outsourcing and sustainability initiatives. The company discusses advanced commercial printing, multifunction printers, and cloud data management services, aligning with India's strategic importance for future growth.

Harlequins to face Toulouse in hope of first Champions Cup final appearance

If Londoners Harlequins are to reach their first ever Investec Champions Cup final next month they’ll need to do it by beating five-times winners Toulouse in their own back yard. Director of rugby Billy Millard’s men pulled off the shock of the weekend, beating Bordeaux-Begles 42-41 on the ...

‘A kick in the teeth’: Arsenal Premier League title bid checked by Aston Villa

Late goals from Leon Bailey and Ollie Watkins inflicted the Gunners’ first top-flight loss of 2024.

Hayes denied Wembley wave off after Chelsea lose in FA Cup

Chelsea manager Emma Hayes was yesterday denied a Wembley wave-off after her side were beaten 2-1 by Manchester United in the semi-final of the FA Cup. Already out of the Conti Cup and with the Champions League final being held on the continent this year, departing boss Hayes’ last game ...

Federal government enlists extra help as gambling ads reform drags

The government has called on regulatory advisory business Nicholls MMC to assist it with navigating a potential ban on gambling ads, nearly one year after the recommendations.

Multinational giants urged to front supermarket inquiry for ‘playing hardball’

Australian retailers have turned their sights on global suppliers such as Nestle, Mars, Coca-Cola and Mars which they say are driving up prices.

Apple is cutting hundreds of workers in SF Bay Area

Apple is cutting hundreds of its employees based in California's Silicon Valley.

Compelling high-grade Mali gold case builds for Toubani

Toubani Resources has unveiled more high-grade gold hits at its Kobada project in Mali as part of its push to prove up an existing 2.4-million-ounce resource.

UK rethinks AI legislation as alarm grows over potential risks

Government draws up regulatory blueprint while competition watchdog expresses ‘real concerns’ about industry

Analysts racing to catch up with world’s top delivery stock

Zomato has outperformed all other companies in a Bloomberg Intelligence index of global ride sharing and delivery peers in terms of price target upgrades over the past year. Recently, several brokerages, including "Citigroup Inc and HSBC Holdings Plc," have raised their estimates for the stock. ...

RAF jets downed attack drones in Iranian action against Israel, Sunak confirms

RAF jets shot down “a number of” attack drones after Iran launched an unprecedented assault on Israel, Rishi Sunak has confirmed, saying the fallout in regional stability would have been “hard to overstate” if fewer projectiles had been intercepted.

FPIs bought Rs 13,347 crore worth India stocks so far in April

Timpson boss: Retail parks ‘big problem’ for future of the high street

The boss of Timpson has sounded the alarm over the impact of retail parks on Britain's high streets and said they are contributing to the demise of town centres. 

'Existential threat': What’s behind the latest US-China trade fight?

US-China trade tensions rise over green tech, EVs. Concerns raised by Yellen during China visit. China's rapid EV growth sparks fears. Trump warns of trade route exploitation. China dominating global EV market.

Crystanbul Part II: Liverpool slip up in Premier League title race in loss to Palace

Eberechi Eze’s first-half goal earned what was only Palace’s second top-flight win under manager Oliver Glasner.

Peter Cowgill: Former JD Sports boss set to take stake in Applied Nutrition

The former boss of JD Sports is eyeing a stake in Applied Nutrition, the budding sports nutrition company which is eyeing a flotation on the London market. 

‘Civil War’ Is No. 1 at Box Office

Alex Garland’s movie, starring Kirsten Dunst, surpassed “Godzilla x Kong,” with an estimated $25.7 million in North American ticket sales on its first weekend.

Dr Marten sues Temu over use of trademark on Google search

Dr Martens filed the legal action against Temu filed at the High Court last week over alleged trademark infringements.

Standard Chartered arm takes stake in British fintech Algbra

An arm of Standard Chartered, the FTSE-100 bank, is taking a stake in a British company set up with the objective of providing ethical financial products to customers.

News24 Business | R3 million and counting: The amount needed for unprecedented number of stranded turtles

The Two Oceans Aquarium Foundation had budgeted for 100 stranded turtle hatchlings in the whole of 2024, but the immense storm in the Western Cape resulted in hundreds of the endangered animals being washed ashore.

Toulouse too good as they book Investec Champions Cup home semi

A second-half surge saw Toulouse cruise past Exeter Chiefs 64-26 to book themselves a place in the Investec Champions Cup semi-finals today. The French Top 14 side are on the hunt for a record-extending sixth title in the most prestigious club rugby competition in the world. Les Rouge et Noir, ...

Coping with higher prices on smaller portions and chicken nuggets

The past few years have been tough financially for many of us, and it’s potentially changing our eating habits.

ASX set to drop as Wall Street falls sharply on war fears; $A tumbles

Escalating tensions in the Middle East rocked Wall Street, setting the scene for a sharp fall for the Australian sharemarket on Monday.

How immigrant workers in U.S. have helped boost job growth and stave off a recession

Having fled economic and political chaos in Venezuela, Luisana Silva now loads carpets for a South Carolina rug company. She earns enough to pay rent, buy groceries, gas…

Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota

A Native American-led nonprofit says it has purchased about 40 acres of land in South Dakota's Black Hills area. The Cheyenne River Youth Project announced in a statement on April 11 that it bought the tract of land adjacent to Bear Butte State Park. The executive director of the project says ...

UK home insurers hit by surge in weather damage claims

Last year’s severe storms highlight growing challenge caused by climate change

Booze sales, accidents set to surge in April

Sathien Sathientham, chief executive of Carabao Group, the SET-listed manufacturer of Carabao Dang beverages, said sales of alcoholic beverages in April are expected to double compared with other months except December.

What's behind China's gold-buying spree?

For more than a year, China's central bank has been buying up large amounts of gold. The move, along with the wars in Ukraine and Gaza, have helped spike the price of the precious metal to new highs.

Reopened Nigeria-Niger border promises trade growth

Traders and communities on both sides of the Niger-Nigeria border suffered under ECOWAS sanctions on Niger. Trade has now resumed and a new Chinese-funded railway promises to boost the local economy further.

Why the US dollar is setting off alarm bells around the world

Suddenly, tension and uncertainty have gripped financial markets, making them highly volatile.

GDP rises in February increasing hopes UK is out of recession

The economy grew by 0.1%, official figures show, with the production sector providing the biggest boost.

Hedge fund urges board shake-up at Novavax over struggling Covid vaccine

Shah Capital wants change in US biotech’s strategy as its shares have tumbled since their pandemic peak

Arnault succession planning accelerates as children step up at LVMH

French billionaire lays groundwork for generational change at world’s biggest luxury group

Stock market crash today: BSE Sensex plunges 700 points as bears attack; Nifty50 near 22,300

Stock market crash today: BSE Sensex and Nifty50, the Indian benchmark equity indices, opened in red on Monday led by global cues and uncertainties. BSE Sensex plunged 700 points and Nifty50 was near 22,300.

Politicians can’t get Brits to make babies – immigration is the answer

The truth is we simply don’t know how to boost birthrates in modern, liberal countries. But we do know that immigration can reverse demographic decline, says Ben Cope Britain is rapidly resembling a geriatric ward. The buildings are old and crumbly, the institutions even more so, and the ...

FTSE 100 today: London markets brace for lower start amid Middle East geopolitical turmoil

Asian stocks fell amidst Middle East tensions post Iran's attack on Israel, while gold rose as a safe haven. Oil and Bitcoin saw declines. Investors are watching UK CPI, US retail sales, and earnings from Goldman Sachs, Bank of America, Blackstone, American Express, and Netflix.

FirstFT: Biden urges Israel to show restraint after Iran’s attack

Also in today’s newsletter, EU’s integration woes and should the great boomer wealth transfer be taxed?

The Sandbox: Building a Tech Friendly Regime for a Growing Crypto Industry

On April 3rd, the Bank of England and FCA jointly published a consultation which marked the next step in opening a Digital Securities Sandbox (DSS) in the UK. The DSS is key to supporting responsible innovation in the UK. It allows market participants to try out new business models that are not ...

The Notebook: Carbon bounty hunting, the economics of ageing and a cancelled recession

Kokou Agbo Bloua, SocGen's global head of economics, takes the Notebook pen to talk carbon bounty hunting and the economics of ageing.

Vitol, Gunvor and Trafigura say bribery is over – but reform will take more than words

The chief executives of Vitol, Gunvor and Trafigura declared the era of bribery in the sector to be over last week. But Rhodri Morgan argues that it will take a lot more than words if the companies are serious about putting an end to corruption in the industry

FTSE 100 firms braced for battle on executive pay as proxy advisers push back

FTSE 100 firms are braced for a bruising few weeks as the battle with proxy advisors over executive pay in the City continues, with both LSEG and Smith & Nephew facing possible shareholder rebellions over pay.

Byju's founder Raveendran to take over firm's daily operations after CEO Mohan's resignation

Byju Raveendran, the founder of Think and Learn, the edtech company that owns the Byju's brand, will assume control of the company's daily operations following the departure of CEO Arjun Mohan, as announced by the company on Monday. The company has revealed a significant restructuring of its ...

Mitie Group forecasts record revenue and launches buyback as profit set to spike

Outsourcing company Mitie Group has reported record revenue of £4.5bn, an 11 per cent increase from the previous year.

Here’s Why This Bouquet of Red Roses Costs $72 in NYC.

A dozen red roses is timeless. But its price tag is not. At Ditmars Flower Shop in Queens, where costs have soared in recent years, a bouquet is $72, up from $60 in 2019.

Gold Price Rises Amid Escalating Middle East Tensions

Gold prices have been driven up by the safe haven demand by investors in the wake of uncertainty caused by rising geopolitical tensions.

Bloom and Wild: Losses balloon to over £100m at flower seller as cost of living crisis bites

Losses at the group behind Bloom and Wild ballooned to more than £100m during its latest financial year after being hit by the cost of living crisis.

I sold my first business for £36m — but the money wasn’t enough 

"To be honest with you, I didn't expect to make money for myself," Delacour laughs.

UK government set to speed up regulation of AI models like ChatGPT and Google Gemini

New legislation would likely limit the production of large language models such as ChatGPT and Google's Gemini.

More FTSE 100 groups asking investors to back executive pay rises, says Deloitte

Higher number of blue-chip groups propose boosting payouts significantly to compete with US

Meet the fund managers: Matching multi-asset to macroeconomic shifts

This week on Meet the Fund Managers, we’re hearing from Bhavin Shah, lead manager on the multi-asset BNY Mellon FutureLegacy range.

Music rights investor secures $500mn to fund acquisition spree

Debt funding will help Cutting Edge Group invest in creating and buying music rights for films, TV, theatre productions and games

‘Not Happy, Do Not Come To Work’: Chinese Company Introduces 'Unhappy Leave' For Employees

Donglai emphasized that management is not allowed to refuse any employee's request for leaves. 

Tax Day reveals a major split in how Joe Biden and Donald Trump would govern

Tax Day reveals a major split in how Joe Biden and Donald Trump would govern: The presidential candidates have conflicting ideas about how much to reveal about their own finances and the best ways to boost the economy through tax policy. Biden, the sitting Democratic president, plans to release ...

How the UK can lead the world in fintech

Fintech is evolving and the UK stands to be at the forefront of that innovation, but only if we uphold the highest possible international standards, says Michael Mainelli The fintech landscape has not only transformed over the last few years, but the industry has also transformed the whole ...

Government must listen to UK’s fintech stars and scrap the share tax

The government must listen to the likes of Monzo, Revolut and Oaknorth and scrap stamp duty.

'Longer than Brexit': Renters criticise 5-year wait for ban on no-fault evictions

The government has been accused of "betraying renters" on the fifth anniversary of a "failed" promise to ban no-fault evictions - as figures suggest that over 80,000 households have been put at risk of homelessness since then.

Stock market today: Asian stocks track Wall Street's decline as Middle East tensions escalate

Asia stocks are mostly lower as worries about potentially escalating tensions in the Middle East rattle financial markets. U.S. futures rose and oil prices fell. The retreat in Asia on Monday following a mixed start to earnings reporting season that took the S&P 500 down 1.5% on Friday. The Dow ...

This week: Retail sales, United Airlines and Netflix earnings

On Monday, the government releases its report on retail sales for the month of March; on Tuesday, United Airlines issues its first-quarter earnings report, followed by Netflix on Thursday.

Byju's CEO Arjun Mohan Quits, Edtech To Consolidate Biz In 3 Units

Byju has now decided to consolidate its business into three “focused” divisions -- The Learning App, Online Classes and Tuition Centres, and Test-prep.

Ashmore: Billions more pulled from asset manager as emerging markets’ demand sags

Emerging markets asset manager Ashmore Group reported that customers pulled billions more from their funds at the start of 2024.

Fashion brand loved by celebrities and known for £110 t-shirts to open second store in Soho

REVOLUTION, a luxury British street wear brand founded by brothers George and Michael Heaton in 2011, have just one other bricks and mortar store which is located in Los Angeles. 

Ceres Power’s revenue bounces back after a rocky few years

Revenue for the fuel cell and hydrogen technology specialist increased from £19.8m to £22.3m, while gross profit jumped from £10.7m to £13.6m, the company's 2023 results revealed.

Glencore-backed nickel miner fails to secure financing after rising costs

Horizonte Minerals looking at sale of Brazilian nickel mine as investors fear Indonesia is flooding the market

India Made Toyota Taisor To Be Sold As Starlet Cross Overseas

While the Indian Taisor offers a 1.2-litre petrol and a 1.0-litre turbo-petrol engine, the Starlet Cross in South Africa is expected to feature a 1.5-litre K15B petrol engine

Rail chaos prompts fresh calls to nationalise England’s West Coast line

Link to London suffers sustained delays, cancellations, slashed timetables, overcrowding and poor customer service

Let’s hear it for the FTSE 100’s magnificently unglamorous seven

On a long-term view, the likes of Compass, Bunzl and Howdens have performed far better than household names

ETFs surge to dominant position in US model portfolios

Data suggests they make up 51% of assets and rebalancings can send billions sloshing through markets

EU faces decline without market reform, report warns  

Former Italian premier Enrico Letta was asked by European leaders to report on state of single market

Businesses bank on Modi election win to ease India’s bottlenecks

World’s most populous country is emerging as key market for investors but many companies remain tangled in red tape

On Himalayan Hillsides Grows Japan’s Cold, Hard Cash

A shrub in impoverished Nepal now supplies the raw material for the bank notes used in Asia’s most sophisticated financial system.

What to stream this week: Conan O’Brien travels, 'Migration' soars and Taylor Swift will reign

This week’s new streaming entertainment releases include Taylor Swift's eagerly anticipated album “The Tortured Poets Department,” a family of ducks is coaxed into flying south for the winter in the kid-friendly animated movie “Migration” and Conan O’Brien makes himself the brunt ...

Patchy Construction Work At DDA's Dwarka Sector 19B Apartments Leave Several Buyers In Shock: Reports

People who had opted for luxury apartments under the DDA scheme are learnt to have written to higher authorities, citing patchy construction works at these DDA flats located in Dwarka's Sector 19 (B), reported the Indian Express.

Mifid 2 already

Plus, BlackRock’s bitcoin bonanza, hedge funds on the high seas, king dollar and, finally, some tiresome hipsters

Sensex Tanks Over 900 Points On Concerns Over Middle East Conflict, Weak Global Trends

Foreign fund outflows and hotter-than-expected US inflation data also played spoilsport for the markets.

Revolut and Monzo say scrap stamp duty as top fintechs launch bid to boost stock market

Revolut and Monzo are among a group of top fintech firms to urge the government to ditch its contentious tax on share trading today as part of a sweeping call for reform to revive London's stock market and boost its appeal to technology firms.

Fintech boards lack AI skills needed to drive future growth, survey finds

Company boards of the UK’s top fintechs lack the necessary skills and experience in artificial intelligence, a new survey has suggested, which could hold back future growth for these firms. 

Bulls liquidated amid war fears

Over the weekend, Crypto traders received a strong reminder about the risks of trading with leverage. In the immediate aftermath of Iran's drone and missile launch against Israel, Bitcoin and other Crypto assets experienced flash crashes. Bitcoin dropped from $70,000 to $60,000 in a matter ...

The Star accused of falsifying welfare checks as gamblers took $3.2 million from company

The Star’s special manager has accused the company of extensive compliance breaches including widespread falsification of welfare checks and a failure to stop casino customers from getting $3.2 million in company money.

Oil falls despite rising tensions in the Middle East - latest updates

Oil prices have fallen despite the increasing tensions in the Middle East following Iran’s unprecedented attack on Israel. ]]>

Is 2024 Bajaj Pulsar N250 Value For Money? A Feature Packed Machine

The updated 2024 Bajaj Pulsar N250 has arrived to the market. It has received many updates. Let's see if this is a value for money product?

Audioboom: Podcast giant posts full-year loss as it looks to ad business for rescue

Audioboom advertisers were up 47 per cent however, with 7,727 brands using the platform to promote products and services.

Pagegroup: Recruiter cuts headcount as hiring slump spurs profit slide

The FTSE 250 firm said the figure dropped by 12.8 per cent to £219m. Its fee earner headcount was also down by 100 on last year's figures to 5,751. 

Southeast Asia 'woefully off track' on green investment, Bain says

Southeast Asia is "woefully off track" on green investments to reduce emissions and needs new policies and financial mechanisms to help bridge the gap, the global consultancy Bain & Company said on Monday.

Asian stocks track Wall Street's decline as Middle East tensions escalate

Asia stocks pulled back on Monday as worries about potentially escalating tensions in the Middle East rattled financial markets, pushing investors to look for safer places for their…

Edtech Firm upGrad Created 55,000 Jobs In FY24

Interestingly, upGrad's free courses in GenAI, Data, AI/ML, and technology, witnessed over 1.4 lakh enrollments.

Kainos: Key NHS supplier warns of lower revenue amid shaky demand for software services

Software firm Kainos had projected revenue of £395.4m to £404.1m, while the consensus revenue estimate is £400.7m.

A comfortable retirement? Not on these numbers

As a recent retiree, I finally have more free time on my hands. I confess, I use a chunk of that free time wondering how long I can afford to enjoy all that free time.

Domestic air pax traffic to cross pre-Covid with estimated 154 million for FY2024 : ICRA

FY2024 sees domestic air traffic recovery surpassing pre-Covid levels, with a stable industry outlook for FY2025. Airlines focus on cost management and fare adjustments to maintain profitability amid fluctuating ATF prices.

CVC announces plans to raise €1.25bn in long-delayed IPO

Private equity firm seeks valuation of up to €15bn after pressing ahead with float despite geopolitical turmoil

Samsung boosts Biden’s chipmaking ambitions with major Texas plant upgrade

South Korean group set to outdo rival TSMC with cutting-edge 2nm chip production in US by 2026 as part of $40bn investment

Furniture Village hit by ‘fragile economic backdrop’ as sales falter

A fall in customers visiting both its stores and website hit sales at Furniture Village during its latest financial year.

‘Golf will be fourth in line’: Masters champion Scottie Scheffler reveals change in priorities

The world No1 raced to be with his pregnant wife after wrapping up victory at Augusta National.

Franco Manca creates hundreds of jobs after opening string of new restaurants

Sourdough pizza restaurants chain Franco Manca slipped into the red despite its turnover rising after opening 13 new sites across the UK.

Sports Direct fails in bid for injunction against Premier League’s Newcastle United over replica kits

The premier league club reasons were that it has entered into an exclusive retail arrangement with JD Sport to sell its upcoming replica kit.

Esquire Coffee owner cheers sales rise as it plots store expansion

Cooks Coffee, the owner of Esquire Coffee in the UK and Ireland, said sales continued to rise in the year to March. 

Wholesale Inflation Inches Up Marginally To 0.53 Pc In March

However, retail inflation declined to a five-month low of 4.85 per cent in March mainly due to cooling food prices. 

India Likely To Halt Flight operations To Israel Amid Iran-Israel Soaring Tensions

India's two major airlines - Air India and Vistara, have announced the avoidance of Iranian airspace and are taking longer flight paths for their Europe and US operations to ensure the safety of passengers and crew.  

Tesla to lay off more than 10% of its staff

Tesla will lay off more than 10% of its workforce, tech publication Electrek reported on Monday, citing an internal memo. Tesla, which is set to report its quarterly earnings on April 23, reported a decline in vehicle deliveries in the first quarter, its first in nearly four years and also ...

News24 Business | What’s next for oil? Analysts weigh in after Iran’s attack

As Israel weighs its response to the Iran's assault, here’s what market watchers are saying about the global oil outlook.

EU releases blocked funds of $6.7 billion to Poland as part of its post-pandemic recovery package

The European Union has disbursed 6.3 billion euros (about $6.7 billion) to Poland as a part of the 27-nation bloc’s post-pandemic recovery fund, the biggest single transfer ever to the country. Poland’s former national conservative government, voted out of power in October, made changes ...

Castaways use palm fronds to get rescued from island

Three fishermen, stranded on a deserted island in the Pacific Ocean southeast of Guam for more than a week, have been rescued -More- 

The campaign to divest from BP and Shell isn’t working. Here’s why

The campaign for institutional investors to divest from oil giants like BP and Shell hasn't made any progress due to the companies' strength on indexes, a new study has found.

Google backs £9.5m London legal tech firm which ‘combines AI with human lawyers’

Google Ventures (GV) has led a seed round worth £9.5m to fund legal tech company Lawhive, along with participation from Episode 1 Ventures.

Is your electric bike safe? Folding bicycle maker Brompton backs new law to tighten rules

Brompton Bicycles has backed a proposed new law designed to ensure only safe e-bike batteries come to market.

Schools won't use Meta's VR unless teachers have 'complete visibility and control'

Virtual reality headsets will not be used in schools under a new Meta scheme unless teachers can monitor what pupils are doing, Sir Nick Clegg has said amid growing concerns about child safety in the metaverse.

Stagwell acquires Brazil-based Pros Agency

The deal marks the second addition to Allison this year, following agency collective Sidekick in February.

Bunnings grilled at supermarket inquiry for squeezing suppliers and shelving boss

Senators driving the inquiry into supermarket prices have slammed the hardware giant for its treatment of plant and flower suppliers and the absence of managing director Michael Schneider.

To make sure grandmas like his don't get conned, he scams the scammers

Livestreamers who bait scammers find creative ways to waste their time. This makes for entertaining viewing. But as scams spike, one streamer, Kitboga, wants to protect as many victims as possible.

The IRS is quicker to answer the phone on this Tax Day

Today is Tax Day and the IRS is promoting the customer service improvements the agency rolled out since receiving tens of billions in new funding dollars through Democrats’ Inflation Reduction Act. From cutting phone wait times to digitizing more documents and improving the “Where’s ...

News24 Business | Nick Hedley | The outlook for fuel prices and interest rates has worsened

If OPEC extends its supply cuts, or the war in the Middle East expands, then a triple-figure oil price is on the cards - bad news for consumers, says Nick Hedley.

Water companies pay £2.5bn in dividends in two years as debt climbs by £8.2bn

In 32 years since privatisation £78bn has been paid out of utilities

What UK water can learn from global banking

Ballooning leverage and excessive financial engineering are among the unnerving parallels with the 2008 financial crisis

Former ‘Vote Leave’ Brexit HQ to be transformed into London flats

An Abu Dhabi backed property group has bought Westminster Tower - the building which formerly housed Brexit's Vote Leave headquarters - for £41m with plans to turn the office block into a new residential development. 

Former Manchester United star files £750k claim against St. James’s Place representative

Earlier this year, his legal team at Thomas Mansfield Solicitors filed a claim to the Financial List of the High Court against London-based Klipp Wealth Management (KWM Wealth).

‘I was shaking’: Masters debutant Ludvig Aberg conquered nerves to win £1.7m

The 24-year-old Swede, who only turned professional last summer, was winner Scottie Scheffler’s nearest challenger. 

London IPO looms for Zopa as fintech hits annual profit for first time in ‘landmark’ year

"2023 was a landmark year as we achieved our first full year of profitability, grew to over a million customers, and maintained our market leading net promoter score," Jaidev Janardana, CEO at Zopa Bank said.

High FD interest rates for senior citizens: Get up to 8.1% on 3-year fixed deposits; check banks list here

Senior citizens can earn up to 8.1% interest on three-year FDs from various banks, but must consider tax implications and possible TDS deductions. It's essential to stay informed about market trends and investment details.

PM Srettha reiterates faith in wallet handout scheme

Prime Minister Srettha Thavisin on Monday reiterated his confidence the government is moving in the right direction with the 500-billion-baht digital wallet handout scheme.

Force Releases Gurkha 5-Door Teaser; Check What's New

The 5-door Gurkha will enter the market segment occupied by the Mahindra Thar 5-door variant and the anticipated launch of the Maruti Jimny in August 2024 

Bombay HC holds housewife was a mere joint owner, quashes I-T reassessment order

Germany's Scholz calls for fair competition and warns against dumping during China visit

German Chancellor Olaf Scholz has called for fair competition in trade relations with China while warning about dumping and overproduction as he spoke to students in Shanghai on Monday. Scholz is visiting China against the background of possible EU tariffs on Chinese-made electric vehicles and ...

What does science say about the ingredients in functional beverages?

Drinks promoted as offering mental or physical benefits beyond hydration are growing in popularity around the world. Hundreds of companies have jumped into the so-called functional beverages market, hoping to get some buzz with trendy and sometimes unfamiliar ingredients. Adaptogens are one ...

How Oil Markets Are Reacting to Iran’s Attack on Israel

Investors are taking a wait-and-see approach after the much-anticipated aerial assault had little effect on oil supplies.

Markets Tank Over 1% On Concerns Over Middle East Conflict, Sensex Falls 845 Points

Extending losses to the second session, the 30-share BSE Sensex tanked 845.12 points or 1.14 per cent to settle at a more than two-week low of 73,399.78. During the day, it plunged 929.74 points or 1.25 per cent to 73,315.16.

Boardroom Uncovered: Exclusive interview with IKEA’s UK chief

Watch the first episode of City A.M's new on-camera interview series with the UK boss of retail giant IKEA.

City grandee and Kingfisher chair Andrew Cosslett to step down after seven years

The City grandee chairman of the owner of B&Q will not stand for re-election, it was announced on Monday, a move which follows a string of profit warnings at the firm.

Next REIT to go? Balanced Commercial Property joins long list mulling sale

In a stock exchange announcement today, Balanced Commercial Property's board said it would be kicking off a strategic review to consider the future of the trust.

A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up

On a scale not seen in decades, many Americans are stuck in homes they would rather leave.

What to See, Eat and Do in New Haven, Conn.

Though the academic scene continues to imbue this coastal Connecticut city with a certain gravitas, surrounding neighborhoods are showing off their own cultural capital in the realms of art, food, music and more.

Why Better Times Haven’t Cured the Inflation Hangover

Frustrated by higher prices, many Pennsylvanians with fresh pay raises and solid finances report a sense of insecurity lingering from the pandemic.

Institutional investors pull $2bn from Ashmore

Investors shift exposure away from riskier assets on back of higher interest rates

U.S. Awards Samsung $6.4 Billion to Bolster Semiconductor Production

The federal grants will support Samsung’s new chip manufacturing hub in Taylor, Texas, along with the expansion of an existing site in Austin.

Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas

The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas. The funding announced Monday by the Commerce Department is part of a total investment in the cluster ...

Post Office chief braced for publication of crunch ‘bullying’ report

The future of Nick Read, the embattled Post Office chief executive, will be determined this week with the publication of a report triggered by whistleblowing allegations about the conduct of the state-owned company’s bosses.

IMGC ties up with Bank of India to offer mortgage guarantee-backed home loans

New KYC rules for mutual fund investors: You may need to update your KYC again! Details here

New KYC rules for mutual fund investors from April 1st require updating with valid documents. Many face issues with non-OVD documents. Amol Joshi advises redoing KYC. PlanRupee Investment Services assists investors with KYCs on hold.

Air travel demand, higher yields to cut airline losses in FY'24 & FY'25

Indian airline industry anticipates reduced net loss in FY2024 and FY2025 despite challenges like engine failures and insolvency issues faced by GoFirst, affecting operations and financial stability.

Trump Media’s first auditor quit months after being appointed

Accountancy firm did not want to be associated with ex-president’s social media venture

This tech IPO revival does not come with a blockbuster pipeline

Transition, as in Rubrik’s case, complicates the financial picture and could weigh on valuations

Mahindra to invest nearly $150 million in renewable energy projects

Mahindra Group, a conglomerate spanning from technology to tractor manufacturing, has announced plans to invest 12 billion rupees (approximately $144 million) in India for the establishment of solar and wind energy projects. These projects, with a hybrid capacity of 150 megawatts (MW), will ...

'Serious deficiencies' in Bank's economy forecasts

Under-investment had led to a "complicated and unwieldy system" being used, a review has found.

On markets and geopolitics, it’s a mistake to forget about shale

The impact of world events on the oil price has declined over time

We, The Voters — The Left. The Right. The Disillusioned.

We, The Voters — The Left. The Right. The Disillusioned is a special series from NPR exploring the issues most important to you when choosing your next leader.

Kate Ashford: Retirement could come sooner than you think — how to plan for it

American workers expect to retire at a median age of 65, according to a 2023 survey from the Employee Benefit Research Institute. But the actual median age for retirement is 62. That may not seem like a big gap, but if you retire three years earlier than planned, that’s three fewer years ...

The case against carbon emissions as a universal metric

Two new digital tools offer a fresh perspective on climate and transition risks

Apple loses smartphone crown to Samsung as Chinese rivals gain ground

iPhone sales fall 10 per cent in first quarter of 2024 while groups including Xiaomi and Transsion register huge growth

Sadiq Khan pledges to eliminate rough sleeping by 2030, if re-elected

Sadiq Khan has pledged to eliminate rough sleeping in London by 2030, if re-elected as mayor of London.

Tesla to cut around 15,000 jobs under Musk drive for 'productivity' - reports

Tesla is cutting 10% of its global workforce in a bid to reduce costs and bolster productivity, it has been reported.

Goldman Sachs beats estimates with 28% rise in profits

Investment banking and trading arms both report strong results

Rising inflation means Illinois' required car insurance limits may not be enough protection

Shareholders Approved Rights Issue To Tackle Cash Crunch: Byju's

Earlier in the day, the company announced that Arjun Mohan, who was elevated as the embattled edtech firm’s CEO some seven months back, has moved on to pursue other opportunities.

India's merchandise exports dip marginally in March, FY24 shipments at $437 bn

Paris prepares for 100-day countdown to the Olympics. It wants to rekindle love for the Games

April 17 marks the 100 days countdown to the Paris Olympics ambitious opening ceremony. The first Games in a century in France's capital will be judged not only for the sporting spectacle. Another yardstick will be their impact on disadvantaged Paris suburbs away from iconic city-center ...

FBI opens criminal investigation into Baltimore bridge collapse, AP source says

The FBI is conducting a criminal investigation into the deadly collapse of Baltimore’s Francis Scott Key Bridge that is focused on the circumstances leading up to it and whether all federal laws were followed. A person familiar with the matter who was not authorized to discuss details of the ...

Meet Shivratan Agarwal: The Man Who Turned Indian Snack Into Rs 13,430 Cr Company

Shivratan Agarwal revolutionized the industry by introducing cutting-edge technology for producing bhujias in India.

Toulouse is the French capital of music – this is what it’s like to visit

Visit the musical city Toulouse for incredible food and drink, as well as some amazing sonic attractions

Britishvolt site battery plant plan collapses

The site may be sold to allow for the development of a computer data centre.

US to grant Samsung up to $6.4 billion for chip plants

The United States on Monday announced grants of up to $6.4 billion to South Korean semiconductor giant Samsung to produce cutting-edge chips in Texas. Under the latest agreement, Samsung will not only build a new facility to produce advanced chips, but also expand its existing facility ...

Superdry landlords face pain in fashion chain's survival bid

Superdry's landlords are to bear the brunt of a painful restructuring of the fashion retailer as it prepares to outline a survival blueprint with the backing of its founder.

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

Stagwell acquires Brazil-based Pros Agency; Federal criminal investigation opened into Baltimore bridge crash; Tax Day brand deals.

Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead

Global smartphone shipments rose nearly 8% in the first quarter, according to preliminary data from International Data Corp. It’s the third straight quarter of shipment growth and marks the return of Samsung to the No. 1 spot. There were 289.4 million units shipped in the period, according ...

Operator of Japan's wrecked Fukushima Daiichi nuclear plant prepares to restart another plant

The operator of the wrecked Fukushima Daiichi nuclear power plant says it has obtained permission from safety regulators to start loading atomic fuel into a reactor at its only operable plant in Japan, which it is keen to restart for the first time since the 2011 disaster. Tokyo Electric Power ...

Ola Electric Slashes Price Of S1 X E- Scooter, Check New Prices

The new pricing structure for the Ola S1 X, introduced in February this year, now ranges from Rs 69,999 to Rs 99,999

A Slimmer Goldman Sachs Posts Hefty Jump in Profit

The Wall Street bank recorded nearly $4 billion in profit, beating analyst expectations in a tough quarter for big banks.

Deal agreed to sell 235-acre failed Britishvolt site to US private equity giant Blackstone

A deal has been agreed to sell the site of failed EV battery business Britishvolt in Northumberland to a US private equity giant.

Samsung steals smartphone crown from Apple as Chinese rivals Huawei, Oppo and Xiaomi eat into market

Apple's iPhone sales sagged 10 per cent in the first three months of 2024, while Samsung shipments also fell, but only by 0.7 per cent.

TCS Announces New Delivery Center In Brazil; To Create 1600 Jobs Over Five Years

Since 2018, Tata Consultancy Services (TCS) has been present in Londrina, Brazil. It employs approximately 1,700 individuals within the city.

UK markets are ‘generationally mispriced,’ says youngest investment trust manager

Laurence Hulse, manager of the Onward Opportunities trust, led the first float of an investment trust since 2021 last year.

Jet2 founder lowers stake after shares climb takes airline and holidays group’s value past £3bn

The founder of budget airline and holidays operator Jet2 has lowered his stake in the group after stepping down as its chairman last year.

Everton appeal latest points deduction for breaking Premier League spending rules

The Toffees were docked the points last week after they admitted exceeding permitted losses.

Greentech Environmental hires Finn Partners for PR, marketing

Finn will deliver an integrated marketing strategy to support and build the Greentech brand.

Oil prices, Inchcape and Hometree

Global oil prices dipped slightly this morning despite rising tensions in the Middle East.

Alert: Retail sales up a strong 0.7% in March from February underscoring the resiliency of the US consumer

Retail sales up a strong 0.7% in March from February underscoring the resiliency of the US consumer.

Alert: FBI opens criminal investigation into Baltimore bridge collapse, AP source says; federal agents are aboard cargo ship

FBI opens criminal investigation into Baltimore bridge collapse, AP source says; federal agents are aboard cargo ship.

Ducati India Opens Pre-Bookings for the New DesertX Rally Ahead Of Official Launch

The New DesertX Rally is powered by a 937cc Testastretta 11-degree, twin-cylinder engine that delivers an impressive 108hp of peak power at 9,250rpm and 92Nm of maximum torque at 6,500rpm.   

Tesla to cut 10% of global workforce

13,000 jobs may be lost as brutal price war hits US automaker

Revolut UK chief: New York threatening London’s ‘supremacy’ in fintech

London is at risk of losing its fintech “supremacy” to New York, the UK boss of Revolut has said, as the city boasts a plethora of top talent and the depth of US capital markets tempts firms to float across the pond.

Uniqlo: Viral TikTok trend helps boost European sales past £1bn

Uniqlo's sales across Europe surged past €1bn (£853m) thanks to one of its products going viral on TikTok, it has been revealed.

Bates looking at Post Office private prosecutions

Alan Bates, who has led a campaign for justice for decades, says he wants people to be held to account.

Tesla to cut 10% of its global workforce

About 13,000 jobs may be lost as brutal price war hits US automaker

Tesla Will Lay Off More Than 10% of Workers

Elon Musk’s electric car company reported a drop in sales in the first three months of the year, and its profit margin has been falling for months.

Why did all the Little Chefs disappear?

At its height, Little Chef had 439 restaurants across the UK but just two decades later they were all gone.

Former Blackburn Rovers footballer sues HSBC for £2m over loan negligence

Former professional footballer Matt Jansen has launched a legal challenge claiming banking giant HSBC lost him over £2m on property loan agreements during the 2008 financial crash.

Athletic Ventures: Private sector partners with UK Athletics to underwrite major events

Athletic Ventures will deliver the 2026 European Championships in Birmingham. 

A racehorse named Demerger haunts property giant Lendlease

Unless Tony Lombardo, CEO of ASX heavyweight Lendlease, can appease objectors, he, the board, and the business face major upheaval, and time is running out.

Pet Policies for Delta Air Lines, United Airlines, American Airlines and Other Domestic Carriers

American recently relaxed its rules for pets traveling inside the cabin with their owners. Here’s what the major U.S. airlines require to travel with a pet.

Iran's attack on Israel has muted impact on oil markets

The global economy has so far shrugged off the Iranian strike on Israel. Important markets like oil had already priced in a possible attack. Will the calm last?

Musk to cut 14,000 jobs at Tesla, saying ‘it must be done’

Tesla boss Elon Musk said: “There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry."

England spinner Derek Underwood dies aged 78

England’s most prolific spin bowler Derek Underwood has died aged 78. The Test bowler took 297 scalps in 86 matches for the national team and was affectionately known as Deadly.  The Kent player started his career in 1966 with his county and played his last match in 1982. He took 108 wickets ...

Over 800 directors have been disqualified for abusing Covid loan scheme

More than 800 directors have been disqualified for abusing Covid support schemes over the 2023-24 financial year following investigations by the Insolvency Service.

News24 Business | Citrus fight: SA moves to take action against EU

South Africa has taken a preliminary step toward filing a complaint with the World Trade Organisation against the European Union over its treatment of citrus imports from the country, people familiar with the situation said.

News24 Business | Barloworld picks up R1.8bn after terse cautionary

Shares in industrial services group Barloworld surged on Monday after it warned investors it was involved in negotiations that may affect the price of its shares.

Ohio River near Pittsburgh is closed as crews search for missing barge, one of 26 that broke loose

A stretch of the Ohio River near Pittsburgh remains closed to maritime traffic as crews equipped with sonar look for a barge believed to have sunk over the weekend. The barge is one of more than two dozen barges that broke loose and floated down the river, striking a bridge and causing ...

Tesla is planning to lay off 10% of its workers after dismal 1Q sales, multiple news outlets report

After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. CEO Elon Musk detailed the plans in a memo sent to employees. The layoffs could affect about 14,000 of the 140,473 workers ...

Economists trim recession odds, rate-cut forecasts

Business and academic economists now foresee a 29% chance of recession in the coming year, down from 39% during a previous su -More- 

Opinion: More oversight needed amid private equity, audit tie-ups

Public accounting firms are increasingly seeking outside investors and private equity firms are stepping in, which will requi -More- 

News24 Business | Capitec scores R71.5m VAT victory over SARS

The Constitutional Court has set aside an SCA ruling and ordered SARS to reassess Capitec's November 2017 VAT claim.

Business inspired by tragedy makes Forbes list

Olivia Jenkins named her jewellery brand after her mother who died of cancer in 2017.

Markets Brace for Israel’s Next Move

Global equities and oil prices were stable following Iran’s missile and drone attack on Israel, but analysts warn that the calm may not last.

I spotted the last wild orangutans in Borneo – you can too

I spotted the last wild orangutans in Borneo - this is how you can too

Health tech group to expand in UK amid booming private healthcare demand

The provider of 'at home' healthcare services is eyeing a £3m funding round, aiming to add seven new sites to its existing three locations.

Goldman Sachs beats expectations as investment bank shows signs of recovery

A nascent recovery in investment banking helped Goldman Sachs outperform expectations, with quarterly profit rising 28 per cent to over $4bn in the first quarter of the year.

Sam Torrance: Scottie Scheffler was sublime but Ludvig Aberg has arrived

Scheffler is the full package but a new challenger emerged at the Masters.

News24 Business | Tesla to retrench more than 10% of staff worldwide as electric vehicle competition heats up

Tesla will lay off more than 10% of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles.

Blackstone nears deal to buy former Britishvolt site in northern England

US buyout firm has plans to build a vast data centre to tap growing demand for computing power

Barry Diller Bets on Media Veterans to Turn Around The Daily Beast

The former Disney executive Ben Sherwood and Joanna Coles, the former Hearst content chief, are being given a minority stake in the digital tabloid.

Retail sales up a strong 0.7% in March from February, underscoring the resiliency of the US consumer

Americans increased their spending pace in March at a better-than-expected pace from the previous month, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges. Retail sales rose 0.7% last month after being up a revised 0.9% in February, ...

CVC should tread carefully in third time lucky IPO

Market sentiment is bound to be more fragile than it was only last week

Oil markets, inflation steady after Iran's attack on Israel

The global economy has so far shrugged off the Iranian strike on Israel. Important markets like oil had already priced in a possible attack, while gold and stock markets only moved slightly.

Inchcape to sell UK dealerships for £346mn

Deal with Group 1 Automotive is the latest in consolidation wave hitting car retail sector

Toyota Launches New Innova Hycross GX Variant; Check Price, Features And Other Details

Under the hood, the Hycross GX (O) retains the same 174hp, 205Nm, 2.0-litre petrol engine paired with a CVT automatic gearbox

British Watch Brands Stage a One-Day Fair

The Alliance of British Watch and Clock Makers, which organized the fair, said it was the first of its kind in the country.

Troubled Superdry to launch steep rent cuts in latest efforts to stay afloat

Embattled Superdry will publish a restructuring plan over the coming days which will entail steep rent cuts across a large number of its 94 stores. 

Your morning coffee may be hundreds of thousands of years old

The coffee that picked you up this morning is 600,000 years old. Researchers have found that the world's most popular type of coffee, known as arabica, emerged hundreds of thousands of years ago through natural crossbreeding of two other coffee species. Using genes from coffee plants around the ...

A strong quarter for Wall Street lifts Goldman's first-quarter results

Goldman Sachs said Monday it saw a double-digit rise in its first-quarter profits, lifted broadly by the stock and bond markets’ performances in the first months of the year. The New York-based investment bank posted net income of $4.13 billion, up 28% from a year earlier. The company earned ...

Exec: Why CFOs are taking broader role in leadership

CFOs' role in company leadership is widening as finance operations provide crucial data-driven insights to the business.  -More- 

A.I. Has a Measurement Problem

Which A.I. system writes the best computer code or generates the most realistic image? Right now, there’s no easy way to answer those questions.

Buchanan Communications to be part of Burson network

The financial communications firm will be a brand within Burson alongside Hill & Knowlton, GCI Health and AxiCom.

Mayor Johnson's plan to borrow $1.25 billion hits another roadblock

Kia Ceed review: Still sensible after all these years

Tim Pitt drives the Kia Ceed: an easygoing family hatchback that majors on value for money. But should you pick one up for the school run?

Rishi Sunak urges restraint after Iranian attack on Israel

Rishi Sunak will urge Israeli counterpart Benjamin Netanyahu to show restraint in response to Iran’s missile attack.

Goldman Sachs knows what fits it best — plenty of deals

Bank has tried to build a massive wealth and asset management business that brings in steady fees

New rules for Pregnant Workers Fairness Act includes divisive accommodations for abortion

Workers are entitled to workplace accommodations for abortions under the Pregnant Workers Fairness Act, according to finalized federal regulations published Monday. The regulations provide guidance for employers and workers on how to implement the law, which passed with robust bipartisan ...

New light bulb efficiency rules finalized

The Biden administration has finalized and released new rules on light bulb efficiency that the Energy Department claims will -More- 

De-extinction startup takes a unique marketing approach

Colossal Biosciences, a de-extinction startup looking to bring back the wooly mammoth, has raised $225 million using consumer -More- 

Time management is not just prioritizing. It's a relationship

There are three key leadership lessons that Fred Ende, director of curriculum and instructional Services for Putnam/Northern  -More- 

How Notion has been so successful

Notion co-founder Ivan Zhao has managed to grow his company into a viable Microsoft Word competitor with unique pitches, word -More- 

Even if you want to get acquired, the best way to do that is to create something that can generate transformative value for years to come.

Liran Grinberg, co-founder and managing partner at Team8, writing in Forbes

Banks Must Provide Simple Key Facts Statement To Borrowers On Terms Of Loans: RBI

The RBI has decided to harmonise all instructions on KFS and disclosure of the Annual Percentage Rate (APR).

Goldman Sachs results top expectations

Goldman Sachs' first-quarter results exceeded expectations, boosted by an increase in trading and investment banking revenue. -More- 

US, India economies boost 2024 global growth outlook

Optimism around global growth for 2024 has climbed, boosted by consistent growth in the US and India.  -More- 

EPA: Emissions jumped in 2022, but progress visible

Greenhouse gas emissions in the US jumped by 1.3% in 2022 compared to 2021, but they're still down nearly 17% from 2005 level -More- 

Bill sets stage for CCS, H2 development in Pa.

Legislation newly approved by Pennsylvania's Senate outlines a regulatory framework for underground carbon dioxide storage we -More- 

M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024

Stocks that are trading heavily or have substantial price changes on Monday: M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall.

Trump Media stock slides again to bring it nearly 60% below its peak as euphoria fades

The stock price for Donald Trump’s social media company is sliding again. Trump Media & Technology Group was down 16.8% in midday trading on Monday as more euphoria fades off the stock. It’s a sharp, nearly 60% comedown after the owner of Truth Social merged with a shell company to get its ...

Back to Black is a brutally disappointing Any Winehouse biopic

Back To Black charts Winehouse's life from just before the release of her first album

Salon Privé London to host 3 days of champagne and supercars

Salon Privé London returns to the Royal Hospital in Chelsea next month, with special celebrations of McLaren and the Porsche 911 Turbo.

Plans in place for Paris Olympics opening ceremony amid terror concerns

There are multiple plans in place for the opening ceremony of the Olympic Games should the security risk be too high to host the curtain raiser on the Seine, according to the French president Emmanuel Macron. Europe, especially Champions League football, has been at the heart of security ...

Equity markets shrug off geopolitical concerns after Iranian strikes

Equity and commodity markets largely shrugged off geopolitical concerns following Iran's unprecedented drone strikes on Israel over the weekend.

The Arab balancing act as Iran and Israel raise the stakes

Jordan is facing scrutiny at home for helping to repel Iranian drone and missile attack on Israel

SBTi walks back carbon offset decision

The Science Based Targets initiative on Friday did an about-face and declared there have been "no changes" to its standards f -More- 

The appeal of solar from a conservative's perspective

The clean energy partisan divide has showed signs of narrowing in recent years, but things can get crazy during an election y -More- 

Why the gender gap in startup funding is hard to close

Female entrepreneurs are disadvantaged when it comes to getting startup funding like loans but "we cannot expect the gender f -More- 

Report illustrates VC investing landscape in Q1

Venture capital deal count reached 3,925 deals in the first quarter, with $36.6 billion invested, according to the Q1 2024 Pi -More- 

a16z takes the crown as the most active investor in Q1

The venture firm a16z was the most active post-seed stage investor during the first quarter, participating in 27 rounds, whil -More- 

Tax day is underway. Here are some tips to navigate it

April 15 is the last day to submit tax returns from 2023. If you left your tax filing until the last minute, you’re not alone. The IRS says it has received more than 100 million tax returns, with tens of millions more expected to be filed. Whether you do your taxes yourself, go to a tax ...

M25 set for second full weekend closure

The M25 will be shut between junctions nine and 10 from 21:00 BST on 10 May until 06:00 on 13 May.

Monday evening news briefing: Sunak to tell Netanyahu to ‘show restraint’ in first direct phone call

News24 Business | Business brief | AH-Vest's generators add some zest, and Samsung reclaims top phonemaker spot

An overview of the biggest business developments in SA and beyond.

JPMorgan: Earnings already priced into market

A positive earnings season is already priced into equities, JPMorgan Chase strategists say, meaning results are unlikely to d -More- 

Yellen: US prepared to manage Chinese overcapacity

The US won't take "anything off the table" when responding to oversupply because of Chinese manufacturing capacity, Treasury  -More- 

Behnam flags Basel III endgame consequences

Capital requirements under Basel III endgame and associated measures for global systemically important banks could restrict m -More- 

DOL hasty push of latest fiduciary rule will harm American retirement savers

The Department of Labor sent its latest fiduciary rule to the Office of Management and Budget less than five months after it  -More- 

New BLM rule makes it costlier to drill on public lands

The Interior Department's Bureau of Land Management has finalized a regulation that increases royalty rates for drilling on f -More- 

Kansas Fed: Midwest oil, gas downturn persists in Q1

The Federal Reserve Bank of Kansas City's first-quarter energy survey found that drilling and business activity in Oklahoma,  -More- 

API Training Course - API 570 & RP 574: Piping Inspection Code and Practices

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

89th Annual Federal Tax Forum, April 23-24, Houston, Texas

The Forum is one of the only legal conferences focusing on federal oil and gas taxation and is consistently praised by partic -More- 

Why Nike's new Olympic track uniform for women is stirring controversy

One of the options for women runners is a bodysuit that is noticeably cut high on the hips. Critics say the outfit looks uncomfortable, revealing — and problematic.

Trump Media Share Price Drops Sharply

Funds that bet on a fall were set to profit as the parent of Truth Social came under renewed pressure after it registered new shares for a potential sale.

The Woolf’s Kitchen founder on her favourite London restaurants

The founder of Woolf's Kitchen hot sauce and chilli oil company shares her favourite London restaurants to visit on her days off

After record rises, London rent hikes ease off

Rents on private properties in London showed signs of cooling last month, according to a new report, offering a glimmer of hope for the sector after a torrid year.

News24 Business | SA trade regulator hacked; issues warning to importers, exporters

The International Trade Administration Commission of SA has said that a security breach into its IT system this year left the personal information of importers and exporters vulnerable to the hackers behind the attack.

‘Blowout’ US retail sales shake bond and currency markets

Government debt sells off and dollar gains as latest sign of hot economy cools hopes of interest rate cuts

B Corp Lab UK hits milestone with 2,000th certification

B Corp Lab UK -- which certifies companies on the basis of their cumulative scores for focusing on workers, the environment,  -More- 

Veolia targets sustainability in chip industry

Veolia, which specializes in water, waste and energy management, is taking on sustainability in semiconductor production.  -More- 

Cement production plant that recycles CO2 opens in Calif.

Fortera has opened a plant that produces low-carbon cement by capturing carbon dioxide from the flue of a CalPortland plant i -More- 

Lessons every entrepreneur needs to learn

In the early days of their venture, startup founders need to focus on forming partnerships, building for scale and creating a -More- 

Indian team in UK for advanced negotiations on India-UK Free Trade Agreement

Indian negotiation team is in United Kingdom for advanced stage of negotiations for the India-UK Free Trade Agreement(FTA). According to the government sources, both countries have made significant progress following the completion of the 14th round of negotiations in January 2024.

Vertex Pharma scientist talks about the long road to developing non-addictive painkillers

Patients suffering from pain have limited options when it comes to medication. For decades, the only two choices have been over-the-counter medicines like Tylenol or powerful prescription opioids. Prescriptions for opioids have plummeted over the last decade as doctors have become more aware ...

AP Source: General Motors and Bedrock real estate plan to redevelop GM Detroit headquarters towers

General Motors and real estate firm Bedrock will jointly study how to redevelop the automaker’s huge headquarters tower complex in downtown Detroit, a person briefed on the plans said. GM CEO Mary Barra and Bedrock Chairman Dan Gilbert plan to hold a news conference Monday afternoon ...

Saudi foreign minister arrives in Pakistan to discuss how to help with the country's economic crisis

Saudi Arabia’s foreign minister is leading a high-level delegation on a two-day visit to Pakistan, which is seeking help in overcoming one of its worst economic crises. Prince Faisal bin Farhan’s visit on Monday comes a week after Prime Minister Shehbaz Sharif met with Crown Prince Mohammed ...

Concerns rise after lackluster Treasury auctions

Concerns are rising that markets will struggle to deal with an incoming flow of government debt in light of weak auctions for -More- 

Poll: Economists trim recession odds, rate-cut forecasts

Economists have lifted US growth forecasts and foresee a 29% chance of a recession in the coming year, down from 39% in Janua -More- 

Georgieva secures 2nd term as IMF head

International Monetary Fund Managing Director Kristalina Georgieva has secured another five-year term.  -More- 

Franklin Templeton faces mutual fund outflows

Franklin Templeton manages more than $260 billion in alternative assets, including private credit, but the firm continues to  -More- 

Half of City of London leaders using AI

Around half of City of London leaders are using AI to access financial advice, data from KPMG UK show.  -More- 

This Thursday: SIFMA's Basel III Endgame Roundtable, Part II

As US regulators consider how to implement the Basel III endgame capital reforms, SIFMA will host a second roundtable discuss -More- 

Panama announces land-based route to beat canal drought

Authorities in Panama are working on a workaround to keep goods flowing between the Pacific and Atlantic oceans through the P -More- 

US drilling activity slowed again last week

The US oil and natural gas rig count dropped by three to 617 last week, marking the fourth consecutive weekly decline and the -More- 

Permian disposal rules may tighten after latest quake

The Railroad Commission of Texas may choose to implement additional restrictions on saltwater disposal in the Permian Basin f -More- 

Federal review of CWA permit unsettles gas industry

The ongoing federal review of Nationwide Permit 12 under the Clean Water Act has attracted scrutiny from natural gas industry -More- 

Engineer Wood Group faces Sparta call to explore sale

The FTSE-250 engineering services company John Wood Group is facing fresh calls to launch a strategic review almost a year after the collapse of a £1.7bn takeover bid.

Ten let Lisa Wilkinson down over Logies speech, says judge in Lehrmann ruling

Ten was largely vindicated in Monday’s ruling, but Justice Michael Lee was critical of the network’s “grossly improper and unjustifiable” conduct.

‘Escape, Hide and Tell’: Westfield owner’s safety message days before Bondi violence

Scentre Group boss Elliot Rusanow has rejected claims that it took up to 25 minutes after the initial attack on Saturday for alarms to sound inside the Bondi Junction Westfield.

ASX set to fall as Wall Street reverses course in rollercoaster session

US stocks are slumping as higher yields in the bond market caused by a strong US economy crank up the pressure on Wall Street.

PIK-ing on private credit

An ‘inflection point’ approaches, says Barclays, and not the good kind

Tesla plans to lay off 10% of global workforce amid 'rapid' company growth

The move could reportedly affect as many as 14,000 workers. 

E.V. Sales Are Slowing. Tesla’s Are Slumping.

More competition and flagging demand for electric vehicles has led to declining sales at Tesla.

NASA is seeking a faster, cheaper way to bring Mars samples to Earth

NASA is seeking a faster, cheaper way to bring rock samples from Mars to Earth. In the meantime, the space agency says the effort is on hold. Reviews put the total cost of the project at $11 billion, with an arrival date of 2040. NASA Administrator Bill Nelson says that's too much and too late. ...

Boeing pushes back on whistleblower's allegations and details how airframes are put together

Boeing is defending the integrity of the fuselages on two of its largest planes. Boeing engineering executives explained Monday the process for assembling fuselage panels on the 787 Dreamliner. The panels are made of carbon composites, which Boeing says is very resistant to the kind of fatigue ...

Goods exports dip 3%, imports 5% in 2023-24

In the last financial year, India experienced a 3% decline in goods exports to $437 billion, alongside a 5.4% decrease in imports to $677 billion, leading to a narrowed trade deficit of $240 billion. With exports falling by 0.7% to $41.7 billion and imports decreasing by nearly 6% to $57.3 ...

Royal London to grand £3 to British and Irish Lions teams ahead of women’s tour

Royal London has announced a £3m ‘Levelling the Playing Field’ fund that will aid the British and Irish Lions in investing in elite women’s player and coach pathways. The deal comes ahead of the first ever Women’s Lions tour to New Zealand, which is scheduled for 2027. The grant will ...

Byju to take over daily operations as firm’s India CEO quits

Hochul announces budget outline as lawmakers continue to hash out details

New York Gov. Kathy Hochul has announced the framework of a $237 billion budget that includes broad plans to drive new housing construction, address the influx of migrants and crack down on illegal marijuana shops. The governor announced what she described as the “parameters of a conceptual ...

Boeing Defends Safety of 787 Dreamliner After Whistle-Blower’s Claims

After a Boeing engineer went public with safety concerns, the company invited reporters to its South Carolina factory and top engineers vouched for the plane.

China’s bubble tea brands look to create a stir overseas

ChaPanda, Mixue and Guming eye stock market listings after pioneering mainland boom

Judge rejects Fla. bid for a partial permitting stay

A federal judge on Friday refused Florida's appeal to partially stay a federal court's ruling that revoked its wetland permit -More- 

To retain employees use empathy, trust

Gene Woodard writes that active listening and empathy should be key tenets when it comes to servant leadership.  -More- 

Menopause -- the unspoken challenge for female workers

For women between the ages of 40 and 58, balancing the effects of menopause with the demands of their jobs is daunting, with  -More- 

Chanel CEO shares strategy to build confidence

Leena Nair, the Global CEO of Chanel, had to overcome self-doubt to assume the leadership role at the iconic fashion house.  -More- 

Why is insurance so expensive right now? And more listener questions

We are back to answer your listener questions. On today's show, we explain reverse mortgages and their risks, why insurance has gotten so expensive, and whether there's a catch to charitable donations at the store. If you have a question you'd like us to answer, email us at ...

Cura Strategies launches online platform Advocacy Accelerator

The service offers healthcare resources for government relations professionals and volunteer advocates.

How major US stock indexes fared Monday, 4/15/2024

U.S. stocks slumped after higher yields in the bond market cranked up the pressure on Wall Street. The S&P 500 fell 1.2% Monday. The Dow Jones Industrial Average slipped 0.7%, and the Nasdaq composite dropped 1.8%. Stocks had been up earlier in the day, rising as oil prices eased. But Treasury ...

London pubs giving out free crisps this month in mental health campaign

The Open Up crisps, from Beavertown Brewery and suicide prevention charity Campaign Against Living Miserably (CALM), hope to inspire meaningful conversation.

1% of UK primary school teachers report pupils have ‘adequate’ level of financial literacy

Campaigners have warned that confidence in basic numeracy is at a low level among young people

Musk's satellite business Starlink gets in-principle government nod

Patti Astor, Fun Gallery Co-Founder, Dies at 74

She was a founder of the Fun Gallery, which staged early shows by Keith Haring and other artists who defined the city’s downtown scene in the 1980s.

'Brexit food charges will eradicate my cheese shop'

Food business owners say new EU import tariffs risk pushing smaller firms to the brink.

After MF business, Jio Financial & BlackRock tie up for wealth management, broking

Iran-Israel conflict sparks selloff, sensex tanks 845 points

The Sensex plummeted over 900 points at opening due to the Iran-Israel conflict, closing 845 points lower at 73,400. 27 of the 30 Sensex stocks ended in the red as foreign funds sold aggressively while domestic institutions bought. The Nifty also dropped 247 points to close at 22,273. ...

Trump Media stock slides again to bring it more than 66% below its peak as euphoria fades

The stock price for Donald Trump's social media company slid again Monday, pushing it more than 66% below its peak set late last month. Trump Media & Technology…

Tesla plans to lay off 10% of workforce after dismal quarterly sales

After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday.…

Yen sinks to 154 range vs dollar for 1st time in 34 years

The Japanese yen fell into the 154 range against the U.S. dollar on Monday in Tokyo for the first time in nearly 34 years on receding expectations that…

China set to post slowing growth on housing, consumption woes

China's economy is expected to have slowed in the first three months of the year as it continues to be buffeted by a debilitating property sector crisis and…

Boeing engineer rejects whistleblower claim of 787 safety risks

Plane maker says testing found ‘zero’ evidence of fatigue stress in composites used in wide-body jet

Truth Social shares tumble again. It's making for an incredibly volatile ride

Trump Media & Technology Group fell sharply after saying it was issuing new shares. Trump's stake is still worth billions of dollars, however.

Universal credit 'must change' to tackle sickness

Britain faces new challenges from an older and sicker population, according to a new report.

NASA confirms mystery object that crashed through roof of Florida home came from space station

NASA says it determined that an object that crashed through the roof of a Florida home last month was a chunk of space junk from equipment discarded at the International Space Station. The debris struck a home in Naples on March 8. NASA recovered the object from the homeowner and took it to the ...

Battery factory ditched in favour of data centre

Much vaunted plans for a Northumberland gigafactory collapsed along with the company Britishvolt.

Disclose all loan fees upfront from Oct 1: RBI

The Reserve Bank of India (RBI) has mandated banks and finance companies to provide borrowers with a comprehensive key facts statement starting from October 1. This statement will include information on all fees, the annual cost of credit, recovery agent policies, grievance contact details, and ...

Ambuja Cements to buy Tamil Nadu cement business of My Home in Rs 414 crore deal

Power giants fear green scheme will shut out crucial projects

Pumped hydro projects are at risk of missing out on contracts under the federal government’s green energy financing scheme, despite warnings they are critically needed.

Thai banks eye regional expansion

Driven by the growth potential of Asean economies, large local banks are likely to see significant opportunities to expand their regional business and enhance their revenue prospects, according to Fitch Ratings Thailand.

Oil prices rise as Israel weighs response to Iran attack

Oil prices rose on Tuesday amid heightened tensions in the Middle East after Israel's military chief said his country would respond to Iran's weekend missile and drone attack amid calls for restraint by allies.

Chris Crane, former Exelon CEO and nuclear energy proponent, dies at 65

‘New Competition’? It’s protectionism with an industry policy veneer

Australia is about to join the protectionist wave sweeping through major economies with its “Future Made in Australia” scheme. History suggests we shouldn’t.

Unpaid internships are one thing, but paying to work? That’s absurd

The most recent school term has been educational for me and exhausting for my flatmate … and not because we have kids.

New EU cybersecurity rules push carmakers to shun old models

New rules for automotive cybersecurity will come into effect in Europe this summer. The tougher electronic safety requirements are forcing several car manufacturers to streamline their offerings.

Tesla to cut more than 14,000 jobs as troubles deepen

CEO Elon Musk detailed the plans to lay off about 10 per cent of its global workforce in a memo sent to employees.

Drugmakers' low U.S. taxes belie their high sales

Most of the largest pharmaceutical companies report losing money in the United States, despite the majority of their sales coming from Americans. The result is lower U.S. taxes for the companies.

Bill to expand workers' comp benefits in Kan. becomes law

Maximum workers' compensation benefits in Kansas will rise from $155,000 to $400,000 for permanent total disability and from  -More- 

Who knows what is on the opposite side of each hour!

Juan Ramon Jimenez, poet, editor, critic, Nobel Prize in Literature recipient

The pilots union at American Airlines says it's seeing more safety and maintenance issues

The pilots union at American Airlines says there's been a significant spike in safety and maintenance issues at the airline. The union told its members over the weekend that American has increased the time between routine inspections on planes. The union also says American has ended overnight ...

NPR C.E.O. Faces Criticism Over Tweets Supporting Progressive Causes

Katherine Maher, who took over the public network last month, posted years ago on Twitter that “Donald Trump is a racist.”

Reagan Greene joins Blue Cross of Idaho as brand, marcomms VP

She worked at North Carolina’s Blue Cross and Blue Shield for 15 years.

Now, private banks must seek CEIB clearance for high-value loans

Crude trades flat over hopes of no spillover

Despite Iran's attack on Israel, oil prices initially rose only 0.7% to $91.05 a barrel, with gains later leveling off amid speculation that the conflict would remain contained. Over 300 missiles and drones were fired by Iran over the weekend, marking the first time it attacked Israel from its ...

'Senior citizens' share in FDs, value 2x since FY19'

Senior citizens are increasingly relying on fixed deposits, with their share doubling to 30% according to an SBI study. To enhance their financial independence, the report suggests waiving tax on interest from these deposits and doubling the Atal Pension Yojana ceiling to Rs 10,000. The report ...

Woman charged with murder of baby found in woodland 26 years ago

Govt worries over conflict impacts

The Ministry of Commerce has instructed state agencies to come up with measures to deal with a possible spike in energy prices if the conflict between Iran and Israel escalates.

Manufacturers need to face up to new wave of Chinese competition

Pace of post-pandemic development a wake-up call for western companies

China’s First Quarter Results Show Growth Propelled by Its Factories

China’s big bet on exports has helped to counteract its housing slowdown, but other countries are worried about a flood of Chinese goods.

China's economy grew 5.3% in first quarter, beating expectations

China’s economy beat expectations in the first quarter of the year with help from policies and an increase in demand. The world’s second-largest economy expanded at a 5.3% annual pace in January-March, beating analysts’ forecasts of about 4.8%. Compared to the previous quarter, growth was ...

Alert: China's economy grew at 5.3% in the first quarter, beating estimates with help from policies and better demand

China's economy grew at 5.3% in the first quarter, beating estimates with help from policies and better demand.

Industrial Estate Authority touts new Smart Park

Chinese firms expressed interest in investing in electric vehicle (EV) supply chain and energy businesses in Smart Park Industrial Estate in Rayong, which is scheduled to open by the end of this year, says the Industrial Estate Authority of Thailand (IEAT).

Business school teaching case study: can green hydrogen’s potential be realised?

Many challenges remain before the fuel can play a full role in decarbonisation. Explore the issues with this ‘instant teaching case study’

Vodafone Idea's Rs 18,000 Crore FPO To Open On April 18 --Key Points

Vodafone Idea Limited has set the the Price Band of the Offer has been fixed at Rs 10 to Rs 11 Per Equity Share.

Europe restarts magnesium mining to counter reliance on China

US-backed Verde to invest $1bn in disused Romanian mine and begin production in 2027

It’s time to lift the veil on incompetence

Both governments and companies are guilty of feigning inability when it works to their advantage

Princeton endowment chief sees ‘worst ever’ private equity climate

Outgoing Princo investment head says signs of improving liquidity could be ‘just a blip’

Taiwan asset managers report 28% rise in ETF fee income in 2023

Sixteen onshore issuers scoop average of 32% of total revenue from ETF management fees

Microsoft Makes High-Stakes Play in Tech Cold War With Emirati A.I. Deal

Microsoft plans to invest $1.5 billion in G42, an Emirati company with ties to China, as Washington and Beijing maneuver to secure tech influence in the Gulf.

China’s Q1 GDP exceeds expectations amid policy support, but all is not well

China's economy surged by an impressive 5.3% in the first quarter, surpassing market forecasts and sparking optimism for a revival in manufacturing.

Woolworths chief Brad Banducci threatened with jail time at Senate supermarket inquiry

The supermarket giant’s outgoing CEO refused to answer repeated questions about the company’s return on equity, which infuriated Greens senator Nick McKim.

Characters enter the public domain. Winnie the Pooh becomes a killer. Where is remix culture going?

Winnie the Pooh and Mickey Mouse have recently entered the public domain, making it possible for artists to use them freely. In the years to come they'll be followed by a parade of pop culture figures, from King Kong to Superman. Some think that after years where Hollywood was only interested ...

CVC’s tortuous path to going public

Plus, Goldman Sachs goes back to basics and the Swedish powerhouse behind EQT

FirstFT: China’s GDP beats forecasts to grow 5.3% in first quarter

Also in today’s newsletter, Austrian bank’s Russian ads and western allies urge Israeli restraint

Germany’s Leader, Olaf Scholz, Walks a Fine Line in China

Chancellor Olaf Scholz tried to promote German business interests while delivering warnings from Europe about trade and geopolitical tensions.

London pips Geneva as world’s most expensive city to build in

Every city in the UK and Ireland sat within the top 25 most expensive locations to build in the world, excluding Belfast.

City minister dismisses calls to axe the share tax after top fintechs push for action

The City minister doubled down on the Treasury’s contentious tax on share trading yesterday after a group of the UK’s top fintech firms called for the charge to be dropped.

Notes from a future where Britain has solved the housing crisis

In ten years’ time, high house prices and low supply could be a thing of the past. Kristian Niemietz offers a despatch from that brave new world… The year is 2035 and according to provisional figures released today by the Office for National Statistics it is the tenth year in a row during ...

EPFO eyes major revamp with leveraging tech for automatic claims settlement, restructuring of offices; commissions study to IIT Delhi

The government is considering a revamp of the Employees' Provident Fund Organisation (EPFO) to align with the broader vision of universal social security and to significantly improve service delivery.

Belting Brad: Senate turns supermarket CEO flogging into Olympic sport

The sparring between Greens senator Nick McKim and Woolies boss Brad Banducci deteriorated into an unedifying headbutting contest.

Tata to cut redundancy package if workers strike

Tata says its "most favourable financial package" will not be paid if workers go on strike.

Superdry to delist from London Stock Exchange in latest effort to stay afloat

Embattled fashion brand Superdry has said it will delist from the London Stock Exchange as part of a restructuring plan to keep the company alive. 

Summer in the City: Los Mochis boss on London’s newest open-air hotspot

Los Mochis City is set to be *the* summer rooftop. We meet the restaurateur behind the newest Square Mile hotspot

Fintech Firm Bharatpe Elevates Nalin Negi As CEO

Under him as an interim CEO and CFO, BharatPe recorded 182 per cent increase in revenue from operations in FY23 and clocked October as the first EBITDA positive month.

These routes in India have base airfares of less than Rs 1,000! One route has a base fare of Rs 150 - check list

At least 22 routes feature base airfares below Rs 1,000 per person, with the lowest being Rs 150 for flights connecting Lilabari and Tezpur in Assam. The Regional Connectivity Scheme (RCS) flights typically have a duration of approximately 50 minutes on most routes.

Plus500 expects to outperform market expectations after strong start to 2024

The London-Israeli firm saw a 13 per cent jump in new customers compared to the same quarter last year, although the number of active customers dipped two per cent.

Kingfisher: Bonuses slashed for top executives at B&Q and Screwfix owner after profit plummets

The bonuses of the chief executive and chief financial officer of the owner of B&Q have been slashed after Kingfisher's profits fell by almost 40 per cent during its latest financial year.

RBI Tells Banks To Inform Borrowers Regarding Key Facts Statement Of Loan From October 1: Check 8 Key Points

RBI said that credit card receivables are exempted from the provisions.  

German watchdog finds EY’s Wirecard audits grossly negligent

Apas stops short of establishing criminal intent in Big Four firm’s conduct

The US and Europe need a strategy for the geopolitical contest over AI

Rising middle powers will play a key role in the struggle for global technological supremacy

How to close the tax gap

Politicians love to talk about the tax gap as a pain-free revenue-raiser, but there is a genuine difference between tax owed and what’s collected, mostly because the system is far too complicated, says Tim Sarson Last week the Shadow Chancellor Rachel Reeves summoned up an old favourite ...

Microsoft to invest $1.5bn in Abu Dhabi AI group G42

Agreement is latest move by US tech group to extend its reach into fast-growing sector

Terrain stares into Nova-style “eye” at Lort River

Terrain Minerals is preparing to stare into a Nova-style “eye” magnetic feature at its Lort River project, with an AEM survey to kick off early next month.

Bernanke is right. The Bank must urgently improve its communications

With the Bank set to pivot to rate cuts sooner rather than later, it is crucial it communicates its decisions clearly. Failure to do so could further erode public confidence in the Old Lady, Chris Dorrell writes

Susan Hall announces plan to extend Night Tube to Hammersmith & City line

Susan Hall has unveiled her plan to extend the Night Tube to the Hammersmith & City line, if elected mayor of London.

Indian Railways says Vande Bharat Express very popular; over 2 crore people travelled by new trains since 2019 launch

Vande Bharat trains, known as India's first semi-high speed rail service, have successfully transported over two crore passengers by the end of March 31 this year. Today, as per railway data, 102 Vande Bharat train services are operational on 100 different routes.

Real earnings growth 'at its highest rate in nearly two and a half years'

A weaker than expected easing in the pace of pay rises means real earnings growth, when inflation is taken into account, is at its highest rate in almost two and a half years, according to the latest official figures.

Last lap: Lamborghini Huracan bows out with STJ special edition

Production of the Lamborghini Huracan is drawing to a close, but the Italian supercar will sign off with a final special edition. Only 10 examples of the Huracan STJ will be built, as the last cars to use Lamborghini’s naturally aspirated V10 engine. An all-new hybrid-powered replacement will ...

News24 Business | Cough medicine fears: Zimbabwe recalls children's syrup

Zimbabwe’s health regulator has, as a precautionary measure, recalled a children’s cough syrup - but fears remain that it will be sold on the black market.

Gold Prices Firm Up Amid Rising Iran-Israel Tensions

Gold futures, maturing on June 5, 2024, stood at Rs 72,813 per 10 grams on the MCX, up Rs 536 or 0.74 per cent from the previous day’s close of Rs 72,277.

System1 to resume dividends after topping profit forecasts

System1 said it expects to record pre-tax profit of £2.8m for the year ended 31 March 2024, up £2.1m on 2023.

TT restaurant review: Brilliant food, brilliant Shoreditch rooftop

formerly TT Liquor - has relaunched with a new restaurant that's one of Shoreditch's best

Online auctioneer ATG posts revenue growth as Brits unlock value of art and antiques

Online auction marketplace ATG recorded total revenue of $86m (£69m), up 6 per cent year-on-year and up one per cent on an organic basis.

Moneysupermarket: ‘High levels of switching’ as Brits search for a deal amid rising car insurance prices

Moneysupermarket has reported revenue growth of eight per cent in its first quarter to £114.6m, up from £106.3m in the same period of 2023.

TGI Fridays acquired by listed UK outfit in rare win for the capital

The "transformational combination" would merge "TGI Fridays' largest franchisee with the global franchisor", and is being classed as a reverse takeover.

Inside CVC’s tortuous decision to go public

Revived plan follows years of internal discord over whether private equity firm should list

Raiffeisen Bank trumpets Russia growth plans in dozens of job ads

Austrian lender, which has pledged to exit Russia, orders internal probe following FT findings

We need a government to match the private sector’s energy and radicalism

One thing the government was not light on yesterday at the Innovate Finance Global Summit was advice. Everyone has it. That’s a good thing.  Panel discussions were loaded with genuinely interesting ideas about strengthening London’s competitive advantage in fintech. Those that had “made ...

FTSE 100 today: London shares to open lower amid fading US rate cut hopes, Middle East tensions

Asian stocks faltered after Wall Street's tech slump, while oil prices surged due to Middle East tensions. China's Q1 GDP soared at 5.3 per cent, yet March's new home prices plummeted. Additionally, the yen hit its lowest level since 1990. Eyes are now on the UK employment data and Fed Chair ...

Weedkiller manufacturer seeks lawmakers' help to squelch claims it failed to warn about cancer

The maker of a popular weedkiller is turning to lawmakers in key states to try to squelch legal claims that it failed to warn about cancer risks. Bayer disputes such claims but already has paid about $10 billion to resolve them. Thousands of similar lawsuits remain pending. Bayer has supported ...

Trump trial: Why can't Americans see or hear what is going on inside the courtroom?

It's a moment in history. For the first time, a former U.S. president is facing criminal charges in an American courtroom. Yet as coverage of that case began Monday, the nation had to rely on secondhand accounts of what was done and said in a Manhattan courtroom. That's because the case ...

Oil prices dip after Iran attack on Israel

Prices had already risen in expectation of action, with Brent crude near a six-month high last week.

Bras are a basic necessity that should be exempt from VAT, radiographers say

Bras are a basic necessity and should not be subject to VAT, according to radiographers.

Trump Media’s $5.3 billion selloff deepens as 270% rally fizzles

Trump Media & Technology Group Corp, the company that owns Truth Social, has submitted a registration statement for its shares, including those associated with warrants. This action could potentially accelerate insider sales, which are currently restricted until September. Following the ...

Why the EU wants Nato’s help to protect its wind turbines

Also in this newsletter: the far-right politicians descending on Brussels

Sadiq Khan to review bringing London buses into public ownership

Sadiq Khan has pledged to create a new London bus company which would look at bringing routes into public ownership.

Could Starmer’s poll lead cost him votes?

It’s not Gaza or fiscal discipline – the real reason Labour is losing votes from its left flank is that it’s too far ahead. But, warns Emma Revell, Conservatives shouldn’t celebrate… If you are of a centre-right persuasion, there is precious little comfort to be found from looking ...

Tclarke becomes the latest firm to leave the London Stock Exchange with £91m buyout

Regent has offered 160p per share in cash for Tclarke as well as a final dividend of 4.525p per share, representing the final dividend for the latter's financial year ending 31 December 2023.

Wage growth hotter than expected but unemployment rises as Bank of England considers interest rate cuts

Wages are closely monitored by the Bank of England for signs of how its campaign of interest rate hikes are impacting the wider economy.

Hong Kong could become Asia’s crypto hub with Bitcoin and Ethereum ETFs

After the weekend's volatility due to the increasing conflict in the Middle East, crypto saw some positive news coming from Hong Kong yesterday. Bitcoin and Ethereum spot exchange traded fund (ETF) applicants in Hong Kong posted on social media that authorities had approved their applications. ...

Sensex Down More Than 300 Points As Geopolitical Concerns Weigh

The economic factor is the rising US bond yields which reduces the prospects of rate cuts by the Fed this year. 

Samsung Set To Expand Chips Supply Chain After $6.4 Bn US Grants

Experts pointed out Samsung's production capabilities as a world-leading semiconductor producer and commitment to the US investment have led to the third-biggest subsidy deal with Washington.

Activist investor calls on Wood Group to consider New York listing

Sparta Capital urges FTSE 250 engineering services group to also examine a possible sale

Leave London if UK markets are ‘unwilling or unable’ to engage, hedge fund tells Wood Group

In the letter, which City A.M. has also seen, Sparta said it has been a shareholder in Wood since "early 2022," and during that time, the fund has been "frustrated by the continued underperformance of the shares."

Another recruiter feeling the heat: Robert Walters slashes jobs as fees slump

The net fee income of Robert Walters dropped 21 per cent in the first quarter of the year, as yet another recruiter has been burned by a slowing job market. The firm revealed today that it had cut its headcount by 13 per cent since last year to 3,812 in a quarterly trading update for [...]

Dr Martens names new chief executive amid sales slump in the US

Dr Martens has named Ije Nwokorie after Kenny Wilison decided this would be his last year as top boss at the boot maker. 

Wise: London darling feels benefit of higher interest rates on bottom line

Cross-border volumes for all customers rose 14 per cent to over £30bn with "strong growth" in the smaller personal volume.

Why Germany Can’t Break Up With China

China remains one of the most important markets for Germany’s export-driven economy, prompting a three-day visit by the German chancellor, who has stressed the importance of open markets.

British horse racing crowds up in 2024 despite heavier toll of weather

It comes after Cheltenham Festival attendances fell by 11,000 last month.

Bank of England’s hawks and doves have plenty to ponder after hot wage growth

Its anybody's guess what the Bank of England will make of the latest labour market figures, published this morning.

Crypto ‘Wild West’: City regulator accused of pushing firms abroad

The City watchdog has been accused of pushing British crypto firms abroad with its approach to regulation. Lars Mucklejohn takes a closer look at where the UK's digital assets industry is heading 

Dr Martens chief to step down as bootmaker warns on profits again

Troubled retailer names chief brand officer as its new boss as it flags sinking orders in US

Is Aadhaar mandatory for investment in small savings schemes such as Senior Citizen Savings Scheme, PPF, NSC, Sukanya Samriddhi Yojana?

Small Savings Schemes like PPF, SCSS, SSY have strict documentation rules including Aadhaar & PAN submission. Non-compliance can render accounts non-operational. SEBI RIA stresses the importance of timely updates for smooth operations.

Rise and grind? Working late, volatile hours may lead to depression, illness by 50

Burnt out much? A study links working late, or variable shifts with health problems later in life. Maybe it's time to quit hustle culture for good.

Chapel Down: Record harvest helps UK’s biggest winemaker fizz to the top

Chapel Down has reported record company sales for the year ended 31st December following a strong harvest. 

What will Mexico’s energy future look like?

The country’s presidential candidates have laid out contrasting visions for energy ahead of June elections

Emerging market currencies drop to 2024 low

Emerging-market currencies fell to a new low for the year as the dollar extended gains into a fifth day amid heightened geopolitical tensions, and after robust US data boosted bets the Federal Reserve will delay interest-rate cuts.

Soon you may be able to tip in rupees in Thailand! RBI, government look to popularise use of Indian currency

India and Thailand may be exploring a currency deal to promote the use of the rupee in the South-East Asian country. Promoting the local currency through bilateral swap deals with different countries was a strategy employed by China to make the yuan more widely accepted.

Apple seeks bigger Vietnam supply chain

Apple Inc wants to increase its investment in Vietnam, state media quoted Tim Cook, the CEO of the iPhone maker, as saying in Hanoi on Tuesday.

Sunak faces Tory backlash against long-term smoking ban

PM’s plan to create a ‘smoke-free generation’ meets opposition ahead of vote on tobacco and vapes bill

DS Smith backs £5.8bn all-share takeover by US rival

DS Smith, the UK packaging specialist, has agreed a takeover by US rival International Paper that values it at £5.8bn.

International Paper wins DS Smith bidding war over Mondi

Under the terms of the deal, DS Smith shareholders will receive 0.1285 International Paper shares.

Bargain-loving Brits help drive profit at B&M with 45 new stores in the pipeline

Value retailer B&M Bargains is expecting profits to come in at the top range of guidance, as demand for bargain goods continues to surge amid the cost of living crisis. 

Equals: Payments fintech doubles annual profit and eyes up further growth with deals

Payments fintech group Equals has more than doubled its annual profit on the back of rapid growth and international expansion.

Bitcoin is about to hit an event called the halving — and it may spark a huge rally

Crypto investors are getting excited about an upcoming quadrennial event called the halving that will effectively reduce the supply of new bitcoin in half. Here's what it all means.

The Star suggested burying $3.2 million in cash losses: Former CFO claims

Former chief financial officer Christina Katsibouba has made a series of allegations about the company’s failure to be transparent with investors and other executives regarding its financial position.

Post Office inquiry hearing from former Horizon director

David Miller is a former PO Horizon programme director - closely involved in the software's rollout.

Pakistan's premier calls for closer cooperation with Saudi Arabia to enhance investment in Pakistan

Officials say Pakistan’s prime minister has called for closer cooperation between Saudi Arabia and his cash-strapped Islamic nation to enhance Saudi investment in his country. Shehbaz Sharif made his remarks Tuesday during a meeting with Saudi Arabia’s Foreign Minister Prince Faisal bin ...

Tracking mobile frauds with caller ID: Soon, your network provider will warn you about scam calls - here's how

India is set to take strict actions against online and phone frauds with the establishment of a National Cyber Security Agency (NCSA) and the implementation of Calling Name Presentation (CNAP) service to combat fraudulent calls.

Ram Navami holiday 2024: Are Indian stock markets BSE Sensex, Nifty50 closed on April 17?

BSE and NSE will be closed on April 17 for Ram Navami and April 11 for Eid-Ul-Fitr. MCX and NCDEX will also be closed. Muhurat Trading will happen on Diwali. Indices showed mixed performance in March.

Onesavings Bank chief’s pay slashed by 40 per cent after slump in profit

The chief executive of Onesavings Bank has seen his remuneration for last year slashed by 40 per cent after the specialist lender posted a slump in annual profit.

EU set to fine Oreo-maker Mondelez for blocking cross-border sales

Probe finds snack maker tried to prevent products moving between countries so consumers could get lower prices

Wipro CEO Srinivas Pallia sold all his shares in IT giant for Rs 5 crore weeks before taking charge

Srinivas Pallia, the newly appointed CEO of Wipro, sold all his shares worth Rs 5 crore in a significant transaction before taking on the top position. The company declined to comment on the matter, citing a silent period ahead of its quarterly and annual results announcement.

Elon Musk-led Tesla's global job cuts to hit China sales team: Report

Tesla's China job cuts due to sales decline in EV market competition. Analysts link layoffs to cost pressures. BYD's new models impact global deliveries, leading to price war.

Millennial Money: How couples can share the mental load of money management

When it comes to the mental load of managing financial tasks, couples can fall into unproductive patterns that can lead to conflict, resentment and even willful ignorance. But by balancing these tasks with other household responsibilities, partners can each take ownership of occasional tasks ...

Bank of England ‘absolutely’ in for shake-up after Bernanke review, incoming rate-setter warns

Lombardelli, who will take up her role on the Monetary Policy Committee (MPC) in July, will be responsible for implementing the Bank's response to the Bernanke review.

China economy grows faster than expected

Official figures also highlighted the challenges faced by the country's crisis-hit property sector.

Tokyo stocks plunge on tech sell-off amid rising interest rates

Tokyo stocks plunged Tuesday, led by the selling of technology issues on concern over higher borrowing costs amid rising long-term interest rates in the United States and Japan.…

India Allows 10,000 Tonnes Of Onion Export To Sri Lanka, UAE

This brings the total amount of approved onion exports from India to 79,160 tonnes, surpassing the ban on shipments imposed in December 2023. 

News24 Business | EasyEquities owner Purple Group rockets by over a quarter after record results

Purple Group CEO Charles Savage said the JSE-listed owner of EasyEquities posted record half-year revenue in the six-months to end-February.

Biden returns to his Scranton roots to pitch tax plan

President Joe Biden will begin three straight days of campaigning in Pennsylvania in his childhood hometown of Scranton. He plans to use the working class city of roughly 75,000 on Tuesday as the backdrop for his pitch for higher taxes on the wealthy. His travels overlap with the beginning ...

Morgan Stanley Does Not Expect RBI To Go For A Rate Cut In 2024-25

India's key policy rate is expected to be steady at 6.5 per cent in 2024-25 while real rates should average 200 basis points, according to Morgan Stanley.

I Am Maximus records best rating by a Grand National winner this century

I AM MAXIMUS produced the best performance this century by a Grand National winner when taking the Aintree showpiece last Saturday, eclipsing the 165 which Tiger Roll recorded when winning for the second time in 2019. The eight-year-old carried 11-6 to victory which was a big burden by recent ...

Flights cancelled after Iran's strike on Israel

EasyJet has suspended planes travelling to Tel Aviv until 21 April following Tehran's attack.

The cheapest stocks in the cheapest market: UK small caps set to shine with earnings growth

The smaller companies in the UK have had a rough time of it recently, with the FTSE Smallcap index down 8.4 per cent over the last two years, compared to a rise of around four per cent for the FTSE 100.

News24 Business | SA users of Elon Musk's Starlink will be cut off at the end of the month

Starlink users in South Africa will be cut off from service by the end of the month the company has warned.

Australian grocery groups undergo Senate grilling on price-gouging allegations

Bosses of Woolworths and Coles defend profitability on first day of inquiry

On a China visit, the German chancellor says Russia's invasion of Ukraine threatens global security

German Chancellor Olaf Scholz has told Chinese leader Xi Jinping who hosted him in Beijing that Russia’s full-scale invasion of Ukraine threatens global security, in an apparent call for China to apply greater pressure on its neighbor to end the war. Scholz also told Xi at their meeting ...

Olympic chiefs urged to extend prize money to all medallists by Team GB star Richards

Athletics chiefs will pay their Olympic champions £40,000 each this year.

News24 Business | World in grip of new major coral bleaching event, reefs at risk

The world is currently experiencing its second major coral bleaching event in 10 years, with reef systems from Australia to Florida at risk of dying following months of record-breaking ocean heat.

Nationwide and Virgin Money face mounting opposition to £2.9bn merger

Nationwide's bid to acquire high-street rival Virgin Money is facing mounting opposition from members and analysts ahead of a shareholder vote.

Lawmakers Question Bank of America About Leon Black’s Payments to Epstein

A Senate committee sent a letter asking the bank whether it had adequately followed procedures before clearing $158 million in payments.

Tatton AM: Meet the one asset manager actually doing well right now

Customers actually putting money into asset managers, rather than withdrawing billions, may seem like an unbelievable situation nowadays, but Tatton Asset Management is the rare exception. The AIM-listed company’s assets under management jumped by a whopping 27 per cent in the last year, ...

NPR suspends veteran editor as it grapples with his public criticism

NPR has suspended Senior Editor Uri Berliner after he wrote an essay accusing the public radio network of becoming too progressive in its news coverage and losing the public's trust.

Microsoft Invests $1.5 Billion In UAE-Based AI Company G42

G42 and Microsoft will also work together to bring advanced AI and digital infrastructure to countries in the Middle East, Central Asia, and Africa. 

Supreme Court appreciates Indian Railways for installation of 'Kavach' anti-collision system in trains

Praise for Indian Railways Kavach system: The court had agreed to hear the PIL on implementation of ‘Kavach’ and had asked the Centre to brief it on steps taken or proposed to be taken for putting in place anti-collision systems to prevent train accidents.

Ram Navami 2024 bank holiday: Banks to remain closed on April 17 for Ram Navami in several states; check list

Indian banks to close on April 17 for Ram Navami, with upcoming elections affecting banking operations in various states. ET report details additional holiday closures in different regions.

First product from Meghan's new lifestyle brand revealed

Meghan, the Duchess of Sussex, has officially launched her new lifestyle brand by sending jars of strawberry jam to influencers across the US.

"Perspective-taking is at the heart of servant leadership"

True, servant leadership is about giving, not taking -- but taking in a colleague's perspective before giving your own is the -More- 

MPs to vote on Rishi Sunak’s bill to create ‘smokefree generation’

MPs will vote on Rishi Sunak’s landmark bill to create a “smokefree generation” in the House of Commons later today.

Wearable AI gadget faces onslaught of bad reviews

A new AI-fuelled gadget has fallen foul of the tech world's expectations.

UBS: Fed could raise main rate to 6.5% in 2025

The Federal Reserve could increase its benchmark interest rate to as high as 6.5% next year, UBS strategists say.  -More- 

Marex launches process for $300M IPO

Financial-services platform Marex has initiated the process for an initial public offering on Nasdaq, with an estimated price -More- 

Program posted! SIFMA FMS Regional Conference, May 29-30 in Chicago

Explore the program for FMS Regional 2024, where industry leaders, subject matter experts and regulators -- including the SEC -More- 

India's unemployment rate to decline by 97 basis points by 2028: ORF report

India's unemployment rate is expected to drop by 97 basis points by 2028, as per a recent report by the Observer Research Foundation (ORF). The India Employment Outlook 2030 report forecasts a decrease from 4.47 percent in 2024 to 3.68 percent in 2028, aligning with India's push towards the USD ...

No, a US listing cannot fix every UK company’s problems

Calls for London-listed engineer Wood Group to consider a US listing are delusional

Singapore's outgoing prime minister will stay on as senior minister, his successor says

Singapore’s incoming leader says Prime Minister Lee Hsien Loong will stay on as senior minister in the government after he steps down next month. Lee, 72, announced Monday that he will end his 20-year rule and hand over to his deputy Lawrence Wong on May 15. Lee is the eldest son of Lee Kuan ...

2023 was a record year for wind installations as world ramps up clean energy, report says

The world installed 117 gigawatts of new wind power capacity in 2023, a 50% increase from the year before, making it the best year for new wind projects on record, according to a new report by the industry’s trade association. The latest Global Wind Report, published Tuesday by the Global ...

Ex-Post Office operations boss admits 'missed opportunity' to prevent Horizon scandal

A former Post Office director has expressed regret over a "missed opportunity" to prevent the Horizon IT scandal at the public inquiry.

North Korea is buying Chinese surveillance cameras in a push to tighten control, report says

A report from the website 38 North says that North Korea is putting surveillance cameras in schools and workplaces in a technology-driven push to monitor its population even more closely. The state’s growing use of digital surveillance tools, which combine equipment imported from China with ...

Morgan Stanley buoyed by investment banking rebound as profits rise 14%

Juggernaut wealth management division also attracted billions more in client assets than expected

NHL announces Bodyarmor as its new sports drink, replacing BioSteel

The NHL on Tuesday announced a multiyear agreement with Bodyarmor to be the league's official sports drink. Bodyarmor replaces BioSteel in that department after BioSteel filed for bankruptcy last year. Three-time league MVP Connor McDavid signed on with Bodyarmor in early 2024 after previously ...

Sexually explicit ‘deepfakes’ to become a criminal offence

This comes after the Government made reforms in the Online Safety Act last year to criminalise the sharing of ‘deepfake’ intimate images for the first time.

Boeing challenges whistleblower allegations, details how airframes are put together

Two Boeing engineering executives went into detail Monday to describe how panels are fitted together, particularly on the 787 Dreamliner.

How aware are you of your team's level of burnout?

I'm extremely aware of when they're getting burned out 15.55% I'm very aware of them getting burned out 39.19%  -More- 

Wages, innovation and tech

As wages continue to rise more rapidly than expected Ian is joined by James Reed, chairman of the employment agency Reed Group, to discuss how hopes of an imminent cut in interest rates have been dampened.

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

Get ready for PRWeek’s Crisis Conference; Earnings roundup; Microsoft invests in UAE AI company.

My battle with Tesla: I want to clear my name before I die

A former Tesla engineer is in a decade-long battle with the car company, owned by Elon Musk.

EasyJet suspends flights to Israel after Iran attack causes travel chaos

EasyJet has suspended all flights to Tel Aviv over safety concerns for journeys to Israel - days after Iran's attack caused chaos for airlines.

Paytm Clarifies Licensing Process Status Amid Speculations, Says Govt Champions Fintech

Recent media reports speculated on the deferral of Paytm Payment Services Limited’s (PPSL) license application and potential penalties. 

UK set to grow less than expected this year as IMF revises forecasts down

The UK economy is going to grow less than expected this year - with the International Monetary Fund warning the country will remain the second worst performer in the G7.

Tesla’s Senior Vice President Drew Baglino Resigns Amid Job Cuts

Baglino comes with 18 years of experience and has been part of Tesla since 2006. 

Ex-Shell CEO van Beurden joins KKR to advise on climate investments

Dutchman led FTSE 100 group’s push into biofuels, hydrogen and renewable power

The Paris Olympics’ One Sure Thing: Cyberattacks

“We will be attacked,” the official responsible for fending off cyberthreats said. To prepare, organizers have been hosting war games and paying “bug bounties” to hackers.

Superdry and Dr Martens shares tank on London exits and fears for the future

Shares in Superdry tanked by over 33 per cent following an announcement by the company that it would bid adieu to the public market as part of a scramble to stay alive. 

UK wage growth eases, unemployment rises

Unemployment increased in the UK in the three months to February, rising to 4.2%.  -More- 

Goldman's Solomon bullish on AI's financial impact

Goldman Sachs CEO David Solomon is optimistic about the transformative potential of AI in the banking sector, seeing it as a  -More- 

New blog: Why the Fed should consider capital markets activities in the Basel III endgame proposal

Capital markets in the US are crucial for funding and risk management, with G-SIBs playing a key role.  -More- 

Horizon was not robust, says ex-Post Office boss

David Miller says he should not have told the board the Horizon system was fit for purpose in 1999.

IMF cuts growth outlook for Germany

The International Monetary Fund has revised its growth outlook for the eurozone's biggest economy by 0.3 percentage points. The German economy is predicted to be the slowest-growing of all G7 states this year.

A top Federal Reserve official opens door to keeping rates high for longer

Federal Reserve Vice Chair Philip Jefferson suggested that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated inflation. Jefferson said he expects inflation to continue to slow this year. But he omitted a reference to the likelihood ...

News24 Business | Struggle veteran Khusta Jack embroiled in fronting row with I&J owner AVI

After paying R468 million in finance costs over 19 years for a R160 million loan to buy a fifth of AVI's fishing division, which helped secure I&J commercial fishing rights for 15 years, Mkhuseli Jack's Main Street 198 was paid "a negligible" R23 419 for its stake on exercise a call option ...

BPD moves Revive under own brand

Revive president Chris Bevolo will serve as chief transformation officer as part of the transition.

CBDT signs record number of 125 Advance Pricing Agreements in fiscal 2023-24

CBDT signed a record 125 APAs in FY 2023-24, marking the highest ever signings. BAPAs with various countries were also signed. The program aims at resolving transfer pricing disputes and avoiding double taxation.

PwC Hong Kong denies claims about China Evergrande audits in anonymous letter

PwC Hong Kong has denied claims set out in an anonymous letter circulating on Chinese social media about its audit work for property developer China Evergrande Group. 

Home values rising in Detroit, especially for Black homeowners, study shows

Home values in Detroit have increased by billions of dollars in the years following the city’s exit from the largest municipal bankruptcy in U.S. history. And that's especially true for Black residents. A University of Michigan Poverty Solutions study released Tuesday says added home value ...

Crop-rich California region may fall under state monitoring to preserve groundwater flow

California officials are considering whether to take over monitoring groundwater use in part of the fertile San Joaquin Valley under a landmark law aimed at protecting water flow to homes and farms. The State Water Resources Control Board will meet Tuesday to decide whether to place the region ...

Apple CEO says that he wants to increase investments in Vietnam

Apple CEO Tim Cook said Tuesday that he wants to further increase investment in Vietnam a day after the company announced it would spending on suppliers in the Southeast Asian manufacturing hub. Cook met Vietnamese Prime Minister Pham Minh Chinh. Apple also said that it would increase its ...

Inside Washington’s Role in Microsoft’s Big AI Deal With G42

The White House laid the ground work for Microsoft’s $1.5 billion investment in an Emirati artificial intelligence start-up, a deal meant to box out Beijing.

Business Success Story: From Threads To Towers, The Remarkable Journey Of Irfan Razack, Bengaluru Tailor Turned Billionaire Real Estate Magnate

After passing out from IIT-M, he could have easily got a high-paying job in an MNC. However, he set his sights on passing the highly-sought UPC exam.

Inside the side-by-side human/AI work experience

A study of futurists from TATA Consultancy Services shows that 90% are optimistic about forthcoming AI changes, and 72% envis -More- 

NPG firms launch intelligence tool for tech, healthtech brands

Called CLAIR, the tool can find online discussions missed by other platforms, Next Practices Group says.

Commentary: SEC's CAT surveillance is unconstitutional

The Securities and Exchange Commission's new Consolidated Audit Trail program, aimed at monitoring all securities transaction -More- 

Cyberattack costs hit UnitedHealth in 1Q that still turns out better than expected

UnitedHealth Group trounced first-quarter expectations even as costs from a cyberattack to its Change Healthcare business ate into its performance. The health care giant also Tuesday that care patterns in the year’s first quarter met its expectations after soaring medical costs at the end ...

IMF: Outlook for world economy is brighter, though still modest by historical standards

The International Monetary Fund has upgraded its outlook for the global economy, saying the world appears headed for a “soft landing” — reining in inflation without much economic pain and producing steady if modest growth. The IMF now envisions 3.2% worldwide expansion this year, up a ...

News24 Business | What Zim's new ZiG currency means for big retailers like Spar, PnP and OK

Earlier this month Zimbabwe introduced a new currency, the ZiG, short for Zimbabwe Gold. The move is an effort to stabilise the volatile exchange rate that has roiled the country’s retail sector.

Surge in manufacturing, technology drives demand for industrial property

Renewable and electric technologies and other sustainable industries will underpin the future demand for industrial property, according to a new report by a leading real estate services company.

Guinness and Heineken wage Premier League bidding war

Two brands which have for decades been among the biggest commercial backers of elite European rugby are engaged in a multimillion pound bidding war to become the Premier League's next brewing partner.

Biometric systems used to monitor staff data now under review after ICO clampdown

The regulator investigated the company and found it was “unlawfully” processing the biometric data of more than 2,000 employees at 38 leisure facilities.

Taylor Swift and Beyoncé Avoided a Collision on the Charts.

Pop’s two reigning queens are often cast as rivals, but they have continually supported each other — and spaced out their album releases.

Microsoft invests $1.5 billion in AI firm G42, overseen by UAE's national security adviser

Microsoft is investing $1.5 billion in a technology firm based in the United Arab Emirates and overseen by the country’s powerful national security adviser. Microsoft and the technology holding company G42 announced the deal Tuesday. As part of the agreement, Microsoft’s president, Brad ...

Yellen says Iran's actions could cause global 'economic spillovers' and warns of more sanctions

Treasury Secretary Janet Yellen is warning of potential global “economic spillovers” from rising tensions in the Middle East. She's also pledging that the U.S. and its allies won’t hesitate to use their sanctions powers to address Iran's "malign and destabilizing activity” in the ...

Action ‘urgently needed’ as UK long-term sickness climbs to record high of 2.8m

Recent research from the Resolution Foundation found that the rise in long-term sickness over the past few years is the longest sustained rise since the 1990s.

Hockey business is booming as the NHL bounces back from the pandemic in a big way

As the NHL playoffs begin this weekend, ushering in the most exciting hockey of the year, business is booming and the league has bounced back in a big way from the pandemic. Backstopped by new U.S. media rights deals, digital dasher boards and helmet and jersey ads, revenue is again projected ...

Business boom: Record numbers of people are starting up new small businesses

Record numbers of people are starting new businesses, and more and more of them are women and minorities, according to a new study. New business applications jumped in 2020 as the pandemic started, and have continued to be filed at a record pace. More than 5 million applications were filed ...

News24 Business | City of Cape Town presses ahead with prime real estate auction as it eyes foreign investment boost

The auction of two prime Cape Town property development sites – the iconic Foreshore Tower and a 2.5ha piece of land at Century City – has been moved out to later this month to allow more international investors to participate.

Man City boss Guardiola: I don’t fear Real Madrid in Champions League

Manchester City boss Pep Guardiola proclaimed “I don’t fear” Real Madrid ahead of the two team’s crunch Champions League quarter-final this evening. The two former winners clash tonight at the Etihad with their aggregate tie poised at 3-3 after a wild first leg at the Santiago Bernabeu. ...

NPR Suspends Editor Whose Essay Criticized the Broadcaster

Uri Berliner, a senior business editor at NPR, said that the public radio network’s liberal bias had tainted its coverage of important stories.

Private equity is a test that university endowments risk flunking

Elite private colleges have used the ‘Yale model’ to great success but that approach now seems questionable

Dr. Martens dour US revenue outlook for the year sends stock of iconic bootmaker plunging

Chunky bootmaker Dr. Martens is warning of a tough year ahead. Dr. Martens shares plunged more than 30% Tuesday after the trendy British brand forecast that wholesale revenue in the U.S., its largest market, would decline by double-digits compared to that seen a year ago. That has the potential ...

LVMH sales growth slows as luxury demand softens

Revenue rise of 2% at core fashion and leather goods division marks sharp drop from 18% increase a year earlier

Stellantis chief’s pay package approved by investors despite dissent

Carlos Tavares’ controversial remuneration deal of €36.5mn was rejected by almost 30% of shareholders

Crypto shows promise as new unicorns are minted

Three of the 11 companies added to Crunchbase's Unicorn Board were cryptocurrency or Web3 startups.  -More- 

Berachain's funding round illustrates interest in crypto

With cryptocurrency prices headed higher, venture capital investors are stepping up their support for blockchain startups, ac -More- 

How to create a pitch that gets responses

Creating a venture capital pitch that gets responses means making sure you're targeting investors that fund your type of star -More- 

AI leads list of essential creative skills

Leaders in advertising, gaming, publishing and a number of other industries told Autodesk that the ability to work with AI is -More- 

Austria investigates René Benko for fraud

Anti-corruption prosecutors are probing a loan made by a private bank to Signa property group

Andreessen Horowitz raises $7.2bn and sets sights on AI start-ups

Silicon Valley venture capital group hauls in one of the largest funds since downturn in tech sector

Which brand’s 4/20 campaign blew you away?

BIC, Jimmy John’s and Alamo Drafthouse are celebrating the highest day of the year.

John Deere seeks ‘chief tractor officer’ to be its face on social media

The brand is teaming up with San Francisco 49ers quarterback Brock Purdy and other stars for the campaign — the first time in its history it has partnered with celebrities.

Echoes of the Invincibles as Arsenal face Champions League moment of truth

Arsenal's season hangs in the balance as they head to Germany for crunch match.

Don’t be Torn from old boy Summerghand at Newmarket

CLASSIC trials are upon us again with today being the middle day of Newmarket’s three-day Craven Meeting and the ITV cameras are there to cover the action from the Rowley Mile. Godolphin and Charlie Appleby hold a strong hand in both trials, with Dance Sequence a firm favourite for today’s ...

Scottish Power pays £300 to customers after overcharging

Some Scottish Power customers will receive an average of nearly £300 after being overcharged.

Increase your confidence without being corrosive

Leadership confidence is about improving yourself, but not on the backs of others.  -More- 

Tuesday evening news briefing: Police shut down conservative conference while Farage was on stage

This is why people are likeable and how you can be too

When we meet people we instantly like, they probably share common traits of being authentic, good listeners, empathetic and e -More- 

Retail sales higher than expected in March

Retail sales climbed more than expected in March, rising 0.7%, according to the Commerce Department.  -More- 

Joint employer rule down for now but may return

The joint employer rule instituted by the National Labor Relations Board has been struck down by the Senate, mirroring reject -More- 

Higher-for-longer rates could slow stock market gains

The case for interest-rate cuts is weakening as inflation proves more stubborn than expected.  -More- 

The factors pushing Americans to work past 65

Some Americans are working past traditional retirement age to fill financial gaps.  -More- 

BlackRock's Kapito: Stock market set for huge inflows

Investors are holding nearly $9 trillion in money market funds and the same amount in cash alternatives at banks, which could -More- 

Home security system unleashes a paintball on an intruder

A Slovenia-based company is in Kickstarter mode for its home security system called PaintCam Eve, which allows you to get eve -More- 

Survey: CFOs plan to spend more but prioritize cost control

More than one-third of CFOs are "very optimistic" about the US economy, the highest in nearly three years, while roughly one- -More- 

Who are the millions of Britons not working?

The unemployment rate is relatively low historically, but millions aren't working.

Currency volatility expected to continue as dollar rises

Traders are expecting currency volatility to increase and the dollar to continue to rise as concerns grow over conflict in th -More- 

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- 

TGI Fridays’ US operations to have London listing after reverse takeover

UK’s Hostmore, one of restaurant chain’s biggest franchisees, agrees £177mn all-share deal in boost for City

Experts say climate change could burn financial assets

Senior officials around the world counsel that climate change-related issues could cause a sudden drop in financial markets a -More- 

Research: The dark side entrepreneurship personalities

Dark personality traits like Machiavellianism and psychopathy help founders better manage conflict among team members and sup -More- 

Cheer could be welcome winner for title chasing Ng

LONG-time trainers’ title leader Pierre Ng is suddenly finding his stable under intense pressure from the chasing pack in the championship race. With just under three months of the season remaining – 24 fixtures left – Ng finds himself looking over his shoulder as trainer Francis Lui, ...

Premier League accused of lobbying against Football Governance Bill

Caroline Dinenage MP wrote to Premier League chief executive Richard Masters on Tuesday.

Supreme Court won't hear election denier Mike Lindell's challenge over FBI seizure of cellphone

The U.S. Supreme Court has denied a petition by MyPillow founder and election denier Mike Lindell to consider his challenge to the legality of the FBI’s seizure of his cellphone at a Minnesota restaurant drive-through. The high court, without comment Monday, declined to reconsider three lower ...

Flights diverted at one of world's busiest airports after year's rainfall in a day

Flights arriving into Dubai airport - the world's busiest for international travel - are being temporarily diverted this evening to other locations as the city-state is hit by major flooding after heavy rainfall.

US expects to impose further sanctions on Iran 'in the coming days'

Treasury Secretary Janet Yellen says Iran's oil exports "remain in focus as a possible area" they could address.

Participant, Maker of Films With Social Conscience, Calls It Quits

The company has had critical and commercial hits over two decades but has never made money consistently and faced a challenging entertainment landscape.

New rule raises offshore decommissioning obligations

The Interior Department's Bureau of Ocean Energy Management has finalized a rule requiring federal offshore oil and natural g -More- 

EIA: US gas exports reached new record in 2023

US natural gas exports increased by 10% year over year to an all-time high of 20.9 Bcf/d in 2023, driven by growth in both li -More- 

Enverus challenges peak oil demand by 2030 projections

Analysts at Enverus Intelligence Research are contesting projections of global oil demand peaking by decade's end, predicting -More- 

2024 API Pipeline Conference and Expo, May 6-8, Salt Lake City, Utah

Global leaders continue to evolve in their formulas for a successful and just energy evolution.  -More- 

Fire destroys Copenhagen's Old Stock Exchange dating to 1600s, collapsing its dragon-tail spire

A fire has swept through one of Copenhagen’s oldest buildings, causing the Old Stock Exchange's iconic dragon-tail spire to collapse. Passersby rushed to help emergency services save priceless paintings and other valuables from the burning 17th-century structure. The Danish culture minister ...

Coal miners getting new protections from silica dust linked to black lung disease

The Labor Department issued a new rule Tuesday intended to protect coal miners from poisonous silica dust that has contributed to the premature deaths of thousands of mine workers from a respiratory ailment commonly known as “black lung” disease. A rule announced by Acting Labor Secretary ...

Everyman: Dune 2 and Bob Marley films will help cinema ‘outperform’ in 2024

In its full year 2023, Everyman reported double digit revenue and profit growth, sending shares up over four per cent on Tuesday.

UnitedHealth Group, Morgan Stanley rise; PNC Financial, Live Nation fall, Tuesday, 4/16/2024

Stocks that are trading heavily or have substantial price changes on Tuesday: UnitedHealth Group, Morgan Stanley rise; PNC Financial, Live Nation fall.

The Biden administration recruits 15 states to help enforce airline consumer laws

The Biden administration is enlisting officials in 15 states to help enforce consumer-protection laws covering air travel. The U.S. Department of Transportation said Tuesday that it will give the states power to investigate complaints about airlines and ticket sellers, and then refer cases ...

EPA stands firm on stationary turbine emission rules

Citing cancer risks, the Environmental Protection Agency has rejected a 2019 petition from the American Petroleum Institute a -More- 

IMF raises India's growth forecast

IMF raised India's GDP growth forecast to 6.8%. Global economy to grow at 3.2%. Challenges include inflation, supply-chain disruptions, energy crisis, and Russia's war on Ukraine. Gourinchas advises policymakers on resilience, govt finances, and growth.

Higher the Covid toll, greater the faith in gold

Gold savings increased in Covid vulnerable districts, while financial assets decreased. Poorer households allocated more to gold. Higher financial access reduced gold allocation. 'Flight to safety' trend seen. Insights from International Review of Economics & Finance and RBI report.

Rupee hits new low of 83.54 per dollar as global tensions mount

Rupee closed at 83.54 against the dollar, Asian currencies weakened. Dollar index rose. Geopolitical tensions impact currency markets. Analysts predict RBI rate cuts delayed due to rupee fall.

Ohio man fatally shot Uber driver after scam phone calls targeted both of them, authorities say

An Ohio man who authorities say fatally shot an Uber driver he thought was trying to rob him after scam phone calls deceived them both has been indicted on a murder charge. Eighty-one-year-old William Brock also faces counts of kidnapping and felonious assault in the indictment handed up Monday ...

Birla eyes top three slots in financial services business

Aditya Birla Group aims for top spot in financial services through new digital platform, consumer ventures, and strategic investments. The ABCD D2C platform offers diverse financial products, payment solutions, and UPI transaction features to enhance customer experience and market presence.

Cognizant CEO Kumar gets paid nearly 23 million dollar in FY23

Cognizant CEO Ravi Kumar S received $22.5 million in FY23 compensation. Financials showed a 0.3% revenue decline to $19.4 billion. The disparity in CEO-to-employee pay ratios and wage gap discontent among employees pose challenges."}

What is a 'freedom economy'?

Anti-vaccine activists, far-right groups and some religious conservatives convened in Las Vegas this spring to discuss the creation of a parallel economy. These are groups who believe their speech is threatened by big banks and big tech. On today's show, what is a "freedom economy," and how ...

Ex-Post Office boss missed chance to stop scandal

David Miller says he should have read a 2003 report calling out Horizon system discrepancies.

Pharmaceutical, health tech firms lay off huge swaths of Bay Area workers

Hundreds of Bay Area employees at health companies will have to find new jobs.

US court rejects a request by tribes to block $10B energy transmission project in Arizona

A federal judge has rejected a request by Native American tribes and environmentalists to stop work on a $10 billion electricity transmission line slated to run through a remote valley in southern Arizona. The judge issued her ruling Tuesday after hearing oral arguments weeks ago on Pattern ...

Amazon has become the nation's top EV charging operator

Amazon's electric vehicle charging infrastructure isn't as noticeable as the likes of Tesla Superchargers, but that's because -More- 

American Gaming Association VP of strategic comms departs

Cait DeBaun has served as VP of strategic communications and responsibility at the organization since April 2021.

Unemployment jumps as UK jobs market stalls

The slowing jobs market has raised questions over when the Bank of England might cut interest rates.

Participant, studio behind 'Spotlight,’ ‘An Inconvenient Truth,’ shutters after 20 years

Participant, the activist film and television studio that has financed Oscar winners and socially conscious documentaries, is closing its doors after 20 years. Billionaire Jeff Skoll told his staff in a memo shared with The Associated Press Tuesday that they were winding down company ...

Police make arrests a year after theft of gold and cash worth millions at Toronto's Pearson airport

Authorities in Canada say they have made arrests in the theft of a cargo container that included gold and other items worth over 20 million Canadian dollars — about $14.5 million — that were stolen from Toronto’s Pearson International airport a year ago. Peel Regional Police and the U.S. ...

How major US stock indexes fared Tuesday, 4/16/2024

Most U.S. stocks slipped as Treasury yields climbed again on rising expectations that interest rates may stay high for a while. The S&P 500 fell 0.2% Tuesday. The Dow Jones Industrial Average rose 0.2%, and the Nasdaq composite fell 0.1%. UnitedHealth helped support the market after jumping ...

Emergency savings plan can help staff feel more secure

An emergency savings benefit is one way for employers to help their staff members handle unexpected hardships, feel more fina -More- 

Nagarro's revenue hits 1 billion dollar mark

Nagarro's revenue hit $1 billion in FY23, with 9.4% growth. Co-founded in 1996, it employs 18,000 globally, focusing on automotive, healthcare, and financial services, mainly in India.

RBI introduces fresh guidelines for online payment merchants

RBI tightens scrutiny on online payment sector, introducing new guidelines with varying due diligence levels for merchants. Payment aggregators must track merchant-employed agents. Data storage restrictions start Aug 1, 2025.

Sensex falls for third day over foreign funds' selloff

Foreign funds' selling led to Sensex drop amid global tensions and mixed China data. FPIs dominated selling, impacting Nifty. IT stocks like Infosys, Wipro fell. Uncertainty persists with Iran-Israel tension and Jerome Powell's speech awaited.

Why rupee is weak when stocks are strong

Dollar's strength from US economy boosts interest rate expectations. Rupee weakens due to geopolitical tensions and high oil prices, impacting foreign investments. Positive outlook for rupee with enhanced balance of payments and low current account deficit expectations for FY24.

Japan Coast Guard to expand fleet with 3 Airbus H225 helicopters

Japan Coast Guard (JCG) has ordered three Airbus H225 helicopters. The largest Super Puma operator in Japan received three H225s in December 2023 and one in February, and…

Skyports: Flying taxis company raises £88m ahead of 2026 launch

Skyports, a London-headquartered company developing flying taxis and vertiports, has raised $110m (£88.3m) to build a site in Dubai and launch services in 2026.

Majority of top athletes back ban on trans athletes in female categories

A majority of female athletes have backed sport categorisation based on biological sex rather than gender identity in a survey on transgender inclusion. The survey of 175 top level athletes saw a majority support the move in contact and endurance sport.  Over 75 per cent of those who were ...

Strains in supply chain pose threat to UK renewables targets, report warns

Government-commissioned analysis outlines threats such as a lack of crucial parts and shortage of key skills

Transportation Dept. and State Attorneys General Will Look Into Airline Complaints

Transportation Secretary Pete Buttigieg announced a new partnership with more than a dozen state attorneys general that aims to improve protections for air travelers.

Looser conditions for 2nd phase of renewables auction

Energy officials are planning to relax the conditions for the second-phase auction of the renewable energy scheme as more new investors are required to develop clean energy, which is in great demand across the country, says the Energy Policy and Planning Office (Eppo).

Government would not have accepted ending Horizon software, ex-Post Office CEO says

The government would not have accepted faulty accounting software Horizon being phased out, a former Post Office chief executive told the inquiry into the wrongful prosecution of sub-postmasters.

Exclusive: Laybuy up for sale after turbulent time on public markets

Buy-now pay-later firm Laybuy has put itself up for sale and is hunting for potential buyers following a turbulent few years on the public markets, City A.M. can reveal.

Debt-saturated markets may soon face a ‘Minsky’ moment

Sell in May and go away, says the old stock market adage. Maybe that should be brought forward a week or two this time around.

ASX set to fall as Fed chair Jerome Powell flags rate-cut delay

The Australian sharemarket is set to open lower after the world’s biggest bond market was hammered anew and Wall Street edged lower as Jerome Powell signalled policymakers are in no rush to cut interest rates.

Retired general's testimony links private contractor to Abu Ghraib abuses

An Army general who investigated the abuse of prisoners 20 years ago at Iraq’s infamous Abu Ghraib prison has testified that a civilian contractor instructed prison guards to “soften up” detainees for interrogations. Retired general Antonio Taguba told jurors Tuesday that Steven ...

The benefits of a strong employer value proposition

When recruiting new employees, a company is only as strong as its employer value proposition, which includes salary and benef -More- 

HR leader at RGP creates cohesion for remote employees

RGP recognizes the importance of bringing remote employees together and has created a digital platform where they can collabo -More- 

Another record for New Jersey internet gambling revenue as in-person winnings struggle

New Jersey’s high-flying internet gambling market continues to smash records. But the amount of money won from in-person gamblers at seven of Atlantic City’s nine casinos is less than it was before the COVID19 pandemic. Figures released Tuesday by state gambling regulators show the casinos ...

Zee withdraws Sony merger plea at NCLT

Zee withdraws merger app against Sony, pursuing $90M claim in Singapore arbitration. Spent Rs 367 crore on failed deal. Focuses on cost-cutting measures like workforce rationalization, MD's pay cut amid industry consolidation concerns.

India Inc votes to punch in at polling booths

Corporate India ensures voting participation by offering paid time-off. Private companies facilitate voting with holidays and travel policies. Various firms prioritize voting rights and awareness. Analysts cite market closures to facilitate voting requirements.

Flash your London Marathon medal for these top wellness freebies

From hot and cold baths to protein-filled refuels and bike rides, don't miss out on these post-London Marathon freebies.

United Airlines reports $124 million loss in a quarter marred by grounding of some Boeing planes

United Airlines said Tuesday that it lost $124 million in the first quarter, which it blamed on a three-week grounding of all Boeing 737 Max 9s after a…

IMF sees slow, steady 2024 global growth; China, war escalation pose risks

The global economy is set for another year of slow but steady growth, the International Monetary Fund said on Tuesday, with U.S. strength pushing world output through headwinds…

Nissan says it will make next-generation EV batteries by 2028

Nissan expects to mass produce electric vehicles powered by advanced next-generation batteries by early 2029, the company said Tuesday during a media tour of an unfinished pilot plant.…

Rever Leasing aims to lead EV loan market

Rever Leasing, an auto loan unit under Rever Automotive Co, the sole distributor of BYD electric vehicles (EVs), is poised to commence operations next month, setting a lofty goal to emerge as the premier provider of EV loans in Thailand in a few years.

China posts forecast-beating growth in first quarter

China's economy grew far more than expected in the first quarter of 2024, data showed Tuesday, even as it is buffeted by a property-sector crisis and flagging consumer…

Justin Trudeau's government raises taxes on wealthiest Canadians in federal budget

Canadian Prime Minister Justin Trudeau is imposing higher taxes on the wealthiest Canadians as part of the federal government. The budget proposes to increase the capital gains inclusion rate, which refers to the taxable share of profit made on the sale of assets. The taxable portion of capital ...

Superdry boss hits back at 'not cool' criticism

The brand, which runs 216 shops as well as franchised stores, is looking at ways to save cash.

Rail heralded as future for Thai logistics

Experts have backed rail to transport agricultural products over long distances following a successful trial, which saw a 13-fold lowering of carbon emissions when compared to air freight. It was also cheaper.

YDM urges digital marketers to use AI to target key customers

Automated personalised contextual marketing using artificial intelligence (AI) is a key strategy in the Thai digital market that could foster organisational efficiency across various functions, according to digital marketing agency YDM Thailand.

Bangchak preps Norway petroleum facility

SET-listed energy conglomerate Bangchak Corporation continues to expand its petroleum business in Norway by developing a new production facility at the offshore Brasse petroleum field in the North Sea.

Walmart Canada pilots reusable shopping bag recycling program

Walmart Canada has partnered with TerraCycle on a program that will allow shoppers to mail in and recycle their damaged or ex -More- 

Global report: Few employers achieve full gender equality

Only 24% of employers say they've achieved gender equality at their companies, according to a global ManpowerGroup report, wh -More- 

Broadcasters putting best face forward to recruit

Broadcasting recruiters are embracing novel ways to attract young talent to their industry amid severe labor shortages, Audac -More- 

Omnicom PR revenue drops 1.1% in Q1

Omnicom as a whole reported global revenue of $3.6 billion in Q1, up 4% organically from the same period in 2023.

Alstom in ‘intense discussions’ over new orders for Derby rail plant

Talks going on with UK government about potential deal for 10 new Elizabeth Line trains to prevent job losses

Alstom close to securing a new train order for UK plant

French manufacturer holds talks with British government about a deal that could prevent job losses at Derby factory

PTG set to popularise Subway in Thailand

SET-listed PTG Energy, a local oil retailer, intends to rebrand the Subway fast-food restaurant, which is not widely popular in Thailand, after securing a master franchise agreement from Subway International BV.

Kyndryl sees opportunities in IT services

Digital transformation, the smart cloud, artificial intelligence (AI) and the modernisation of IT infrastructure are among the drivers of IT services growth in Thailand, according to Kyndryl, global tech infrastructure and managed service provider.

Voting technology company settles lawsuit against far-right news outlet over 2020 election claims

A voting technology company targeted by bogus fraud claims related to the 2020 presidential election has settled a defamation lawsuit against a conservative news outlet. The settlement reached Tuesday between Florida-based Smartmatic and One America News Network is the latest development in a ...

Birmingham Airport flights disrupted by incident

West Midlands Police says the airport has now reopened as there is no wider risk to the public.

Rio Tinto says global economy resilient, inflation easing despite patchy China

Shipments of its key commodity iron ore fell over the past three months as bad weather disrupted Rio’s ports, the mining giant said.

CBDT Signs Record 125 Pacts To Ease Tax Payments By Big Multinational Firms

With this, the total number of APAs since the inception of the APA programme has gone up to 641.

Oil prices dip as demand concerns outweigh Middle East supply fears

TOKYO: Oil prices eased in early trade on Wednesday as worries about global demand due to weak economic momentum in China and fading hopes for U.S. interest rate cuts in the near term outweighed supply fears on heightened tensions in the Middle East.

India's pulses import almost doubled in 2023-24, it may rise further this year

India is a large consumer and grower of pulses and it meets a portion of its consumption needs through imports. India primarily consumes chana, masur, urad, kabuli chana, and tur.

Boeing in the spotlight as Congress calls a whistleblower to testify about defects in planes

Boeing will be in the spotlight on Capitol Hill on Wednesday. Congress is holding two hearings to examine allegations of major safety failures at the aircraft maker. The witnesses will include two whistleblowers — a former Boeing manager and a current engineer at the company who has made ...

European banks will struggle to get much ‘strategic’ love

Banking federation is calling for a more consistent set of rules across the EU

CNN’s Mark Thompson: ‘There’s plenty of things we have to fix’

Veteran media executive wants 24-hour cable news network to embark on digital overhaul

State Street’s SSGA warns investors on additional costs of T+1

Its Luxembourg Sicav board has said costs might affect certain sub-funds ‘particularly on large flows’

Can AI really change our material world?

Compounds produced by the technology challenge our idea of novelty

The Global Turn Away From Free-Market Policies Worries Economists

More countries are embracing measures meant to encourage their own security and independence, a trend that some say could slow global growth.

The Debate: Is English nationalism a force for good?

English nationalism: an evil ideology or an innocent necessity?

Beneath the jargon, Bernanke delivers devastating critique of the Bank of England

Leading economist Ben Bernanke has exposed the flawed modelling and out-of-date technology behind the Bank’s failures to forecast inflation, says Paul Ormerod Last week, Ben Bernanke, former chairman of the US Federal Reserve Bank and Nobel Laureate in economics, published his review into the ...

Why the EU is treading carefully with Iran sanctions

Also in this newsletter: EU citizens care more about security and defence than climate

Apple CEO says company is 'looking at' manufacturing in Indonesia

Apple CEO Tim Cook said the company is “looking at” manufacturing in Indonesia as he met with Indonesian President Joko Widodo on Wednesday. Widodo’s administration has worked for years to bring manufacturing to the country to power economic development, while Apple is seeking ...

In the rare earths Game of Thrones, Gina Rinehart grabs the crown

The federal government declared “the road to net zero runs through Australia’s resources sector” and Rinehart will be hoping for a decent spoonful from the profit pot at the end of that road.

Aprilia Tuareg 660 Launched in India; Check What's Special About This Adventure Bike

The Aprilia Tuareg 660 is powered by liquid-cooled, 659cc parallel-twin engine, which also powers the RS and Tuono 660 models.  

OKX launches its Base rival “X Layer”

Last cycle, all eyes were on the centralised exchange Binance. Law enforcement agencies had yet to launch any attacks and its founder, Changpeng Zhao, was also still at the helm. But, even after its battles with regulators, according to The Block's data, the exchange still maintains over 40% ...

Stock market today: Asian benchmarks are mixed while US seems committed to current rates

Asian shares are trading mixed after most U.S. stocks slipped on firmer expectations that the Fed is committed to its current rate practices. Shares fell in Tokyo and Hong Kong in Wednesday afternoon trading, while being little changed in Seoul and Sydney. Shares rose in Shanghai. On Wall ...

US heavyweights pile into $46.8m Empire cash raise

Empire Energy Group says it has received commitments to raise $46.8 million from new and existing institutional shareholders, including two US heavyweights.

Homes are demolished in Ivory Coast's main city over alleged health concerns. Thousands are homeless

Authorities in Ivory Coast's largest city are demolishing homes in low-income areas over what they say are public health concerns, leaving thousands without shelter and with nowhere to go. Each year, the rainy season threatens Abidjan's poor neighborhoods built along a lagoon’s edge. ...

Rabbit Care keen on Southeast Asia

Rabbit Care, Thailand's leading online insurance broker, is venturing into two new countries -- Vietnam and Indonesia -- as part of its Southeast Asia expansion strategy.

Axa turns to M&A deals to generate Thai growth

Axa Thailand General Insurance, a unit of the French multinational, is exploring merger and acquisition opportunities to help grow its presence in the highly fragmented non-life insurance industry here, says chief executive Claude Seigne.

Sam Bankman-Fried: The rise and fall of the FTX crypto mogul

Sam Bankman-Fried, the former billionaire cryptocurrency wunderkind, has finally been sentenced over his conviction for stealing $8 billion from customers of the now-bankrupt FTX exchange he founded.

How Uday Shankar is helping Jio take on Google, Meta in India

Viacom18, under the leadership of 61-year-old media veteran Uday Shankar, aims to expand its market influence not only in TV advertising but also in digital revenues, currently dominated by tech giants like YouTube and Meta Platforms Inc. The company is considering integrating e-commerce into ...

Vande Bharat platform-led home made bullet train soon! Indian Railways looks to manufacture 250 kmph speed trains

Vande Bharat style home-built bullet train soon! India is constructing a domestically made high-speed bullet train with speeds exceeding 250 kmph. The project aims to enhance train speeds within the Indian Railways network.

Green-eyed CEOs should beware the lure of higher pay

As the banking crisis showed, higher remuneration can prompt tunnel vision and outright misbehaviour

Martin Gilbert faces investor revolt over governance concerns

AssetCo is one of the only UK public companies to have an all-male board, Glass Lewis says

Inside the battle for America’s West

The FT’s Oliver Roeder expands on a saga that’s played out since 2021 inside courtrooms and within thousands of pages of legal documents

Bank of England governor talks up interest rate cut prospects as inflation eases to 3.2%

The governor of the Bank of England has signalled the UK is still on course for an interest rate cut as official figures show a further easing in the pace of price growth in the economy.

UK inflation falls to lowest level since late 2021 as food prices ease further

Inflation in the U.K. fell to its lowest level in two and a half years in March after a further easing in food prices. The Office for National Statistics said Wednesday that consumer prices rose by 3.2% in the year to March, down from 3.4% in February. That’s the lowest level since September ...

How will Baltimore bridge collapse impact supply chains?

A cargo ship's deadly collision into the Francis Scott Key Bridge in Baltimore have disrupted global supply chains from cars to coal. Countries worldwide, including Germany, are now examining their own infrastructure.

Man misidentified as Bondi Junction killer hires lawyers to sue Seven

A 20-year-old man wrongly identified by the embattled Seven Network as the Bondi Junction mass murderer has threatened defamation action against the TV network. 

San Jose uses tech companies' AI to scan streets for homeless people's cars

An artificial intelligence project in San Jose detected homeless people's RVs.

UK lawmakers back landmark bill to gradually phase out smoking for good

A plan by Britain’s government to introduce a landmark smoking ban that aims to stop young people from ever smoking has cleared its first hurdle in Parliament despite vocal opposition from within Prime Minister Rishi Sunak’s Conservative Party. The bill will make it illegal to sell tobacco ...

Japan records a trade deficit for the third straight fiscal year despite recovering exports

Japan recorded a trade deficit for the third straight fiscal year as the costs of energy and other imports rose and the yen remained weak. The data released Wednesday showed the deficit was $38 billion for the fiscal year that ended in March. The biggest trade deficits were in the Middle East, ...

Strickland stamps foot on Serbian gold giant

Strickland Metals has entered the lucrative Serbian gold game after grabbing the Rogozna project that has a resource of 5.44 million ounces of gold equivalent.

Are video games coming for the novel?

With immersive storylines and powerful, emotive writing, some of the most thrilling fiction out there is being created in game form

Oops, Princeton bet on private equity

Plus, Raiffeisen Bank touts Russian growth in job ads and an investment banking boost in the US

Oil Prices Surge Amid Geopolitical Tensions

Current crude oil prices are elevated due to conflicts in the Middle East, with ongoing tensions between Russia and Ukraine exacerbating the situation. Amidst the fragile global economic landscape, crude oil prices have declined in the first quarter of the year, whilst the OPEC+ group ...

FirstFT: Hunt says UK government will cut taxes ‘if we can’ ahead of election

Also in today’s newsletter, Ukraine’s lessons for Israel and European stocks’ worst day in months

Taylor Swift fans lose £1m to ticket scams, Lloyds finds amid ‘urgent warning’

Lloyds Bank has issued an "urgent warning" to customers over a wave of ticket scams targeted at Taylor Swift fans, which it estimated has already cost Brits £1m.

Listed company TClarke behind Theatreland’s stage lights to go private

TClarke, the London-headquartered firm which powered the world’s first electrically lit building - the Savoy Theatre - is to head into private hands.

Race ready: 50,000 get set for the TCS London

The City will be transformed into a runner’s dream, as thousands lace up their shoes for the ultimate endurance test: the TCS London Marathon.

Australia’s ‘iron lady’ builds rare-earth stake in push to secure non-Chinese supply

Mining billionaire Gina Rinehart seen as possible kingmaker after merger talks fail between two critical-mineral developers

Uttar Pradesh now has the most GI-Tagged items in India

Uttar Pradesh has total of 75 GI products while Tamil Nadu follows behind with 58 GI products.

March inflation comes in higher than expected at 3.2 per cent

Inflation has fallen from a peak of over 11 per cent in autumn 2022, but the Bank will want to see further progress on services inflation and wage growth.

UK failing to fight ‘dirty money epidemic’ costing £350bn a year, MPs warn

The UK is “utterly failing” to fight the “dirty money epidemic” that is costing £350bn a year, MPs have warned.

Rajiv Jain’s GQG to invest around $400 million in Vodafone Idea

GQG Partners plans to invest between $300 million and $400 million in a forthcoming public offering by the Vodafone Group Plc and Aditya Birla Group joint venture, according to insiders who requested anonymity. This follow-on public offer, aiming to raise $2.2 billion, will commence on April ...

The Notebook: Forget the polls, Labour is miles ahead on Linkedin

Michael Martins takes the Notebook pen to talk Linkedin politics, meeting 2024's batch of wannabe MPs, and upcoming literary revelry.

Labour must fund regulators or UK fintech could ‘falter’, Tony Blair’s think tank warns

A potential future Labour government must pump more cash into financial regulators or else the UK's fintech sector could decline, Tony Blair’s think tank has warned.

Paris 2024: Olympic Games will achieve gender equality but choppy waters ahead

If Kenyan long-distance runner Peres Jepchirchir defends her Olympic title this year in Paris, she’s in for one almighty different reception at her medal ceremony compared to the Covid-hit Tokyo Games of 2021. Because for the first time ever the tradition of handing the men’s marathon ...

Take it from someone with ADHD – we’re not all lazy attention-seekers

ADHD is the perfect target for today's media, but calling the surge in diagnoses a "trend" won't help today's workforce, writes Simon Neville.

Big EV battery cell plant likely in two years

The Board of Investment (BoI) expects foreign investors to set up a big plant in Thailand to produce battery cells for electric vehicles (EVs) within two years, following its roadshow in China last week.

Indian Stock Markets Closed Today On Account Of Ram Navami

The next stock market holiday is on May 1, for Maharashtra Day.

Mining billionaire Rinehart builds rare-earth stakes in push for non-Chinese supply

Australian investor seen as possible kingmaker after merger talks fail between two critical-mineral developers

UK inflation falls to 3.2% in March

New official figures show that inflation, the rate at which prices rise over time, fell again in March.

First product of Meghan's lifestyle brand revealed

The jars of strawberry jam, labelled America Riviera Orchard, have been shared with friends and influencers.

Inflation falls less than expected as Bailey eyes rate cuts

Inflation fell less than expected in Britain last month, official figures show, as Andrew Bailey indicated the Bank of England will begin cutting interest rates this summer. ]]>

The challenge of upgrading iconic steel windows

Critall windows date back to the 1880s but their steel construction makes them vulnerable to damp.

Private credit is even larger than you think

Even the IMF underestimates the industry’s heft, according to JPMorgan

EPFO Increases Auto Withdrawal Claims Settlement Under 68J From Rs 50,000 To Rs 1 Lakh

Under the Paragraph 68-J of EPFO rule, the members can seek advance from the fund for treatment of illness in certain cases including hospitalisation lasting for one month or more

Just Eat: Brits continue to scoff takeaways but other nations lose their appetite

Only Brits ordered more takeaway from Just Eat in the first three months of 2024, compared to the same period last year.

Asos ahead of schedule turning ‘stock into cash’ as revenue drops 18 per cent

Online retailer Asos said it was ahead of plan with its stock reduction process, as it ploughs ahead with its turnaround plan.

Exclusive: Business backs Labour, new polling of UK bosses says

UK firms have backed Labour with a 14-point lead over the Conservatives on the question of which party is best for business.

Equals: Payments fintech extends deadline for merger talks with MDP, Railsr and TowerBrook

Equals has again extended a deadline for formal takeover offers as the fintech payments group conducts a strategic review into its standalone prospects.

Aston Martin and Lamborghini supplier Surface Transforms sets out ‘worst case scenarios’

Surface Transforms, a supplier to the likes of Aston Martin and Lamborghini, has set out its growth expectations for the year after a shareholder requested it revealed its "worst case scenarios".

Time Out to open in Budapest, Abu Dhabi and Vancouver in 2025 – but still no London market

To add to its existing seven food and drink markets, Time Out also has plans to open eight other sites in the next three years.

The Star dumps documents while former executives trash business

The Star Entertainment Group released a swath of documents beyond deadline and after the former chief financial officer had alleged the business had tried to cook the books.

VW Workers in Tennessee Start Vote on U.A.W., Testing Union Ambitions

The United Automobile Workers hopes contract gains at the Big Three carmakers will provide momentum in a broad effort to organize nonunion plants.

Why this vote at a Tennessee Volkswagen plant is historic for the South

Volkswagen workers in Chattanooga, Tenn., are voting this week on whether to join the United Auto Workers union. Two previous attempts to unionize the plant failed. Ballots will be counted on Friday.

Biden calls for tripling of tariffs on Chinese steel

US also to probe Chinese shipbuilding as president’s re-election campaign fights for votes in Pennsylvania

Volkswagen Touareg eHybrid review: Power to the people

Tim Pitt drives the 2024 Volkswagen Touareg, a large SUV with plug-in hybrid tech and a premium price tag. 

Thailand and New Zealand vow to strengthen economic ties as they set lofty new trade goals

Thailand and New Zealand have vowed to boost economic cooperation with an aim to triple two-way trade by 2045, as the New Zealand leader visited Thailand for the first time in 11 years. New Zealand Prime Minister Christopher Luxon arrived in Bangkok on Tuesday and met with his Thai counterpart ...

US navy flies aircraft through the Taiwan Strait a day after US-China defense chiefs hold rare talks

The U.S. 7th Fleet says a Navy P-8A Poseidon has flown through the Taiwan Strait. The flight on Wednesday came a day after U.S. and Chinese defense chiefs held their first talks since November 2022. The 7th Fleet said in a statement that the patrol and reconnaissance plane “transited the ...

I was always told Horizon was robust, Post Office investigator says

Jon Longman was involved in the case of former sub-postmistress Seema Misra, who was wrongly convicted and jailed.

'I always thought Horizon was robust', ex-Post Office investigator tells inquiry

A former investigator for the Post Office has told the Horizon IT inquiry he "always thought" the accounting system was "robust" but acknowledged there were issues in some cases.

News24 Business | Motus CEO Osman Arbee to retire in October, with its CFO set to take the wheel

SA's largest vehicle dealer Motus said on Wednesday its CEO Osman Arbee is set to retire at the end of October, with current CFO Ockert Janse van Rensburg set to replace him.

House prices fall as rents skyrocket by 9.2 per cent and outstrip wages

UK house prices fell by the least in eight months when the figure edged down by 0.2 per cent on an annual basis in February, against a 1.3 per cent decline in the previous month, the latest reading from the ONS has found. 

Post Office chief Nick Read ‘exonerated of all misconduct’ claims in external report

The head of the Post Office has been “exonerated of all misconduct allegations” in an independent and unseen report released today. Nick Read was let off the hook by an external report, which former chair Henry Staunton claimed contained accusations about his behaviour. Among claims were ...

Southern California city council gives a key approval for Disneyland expansion plan

Disney has received a key approval to expand its theme park offerings in California as it seeks to build new, immersive lands for visitors. The company’s proposal to transform its 490-acre campus in densely-populated Southern California went before the Anaheim City Council on Tuesday. Council ...

Easyjet founder’s charity hands out £300k to three budding entrepreneurs

A new UK competition, set up by the founder of Easyjet, Sir Stelios Haji-Ioannou, has just awarded a total of £300k to three young entrepreneurs on a mission to contribute to growth and job creation. The Stelios Philanthropic Foundation, established by the Greek-Cypriot entrepreneur, held its ...

Traders bet on Thames Water crisis contagion as firm races to agree survival plan

Traders at major hedge funds are betting against the assets of British water companies amid fears over their levels of debt highlighted by the crisis engulfing Thames Water.

Entain: Ladbrokes owner’s revenues hit by gambling regulations

Entain said that as the UK regulatory landscape levels out, it will "position our brands well for growth into 2025".

AIM: Another firm bails out of listed status due to £250,000 admin costs

Scirocco, an AIM-listed operation, will delist due to high admin costs and what it describes as limited flexibility on the public markets

Seoul, Tokyo vow 'appropriate action' on weak yen and won

South Korea and Japan shared "serious concerns" on the recent weakness of their currencies against the dollar and agreed to take "appropriate actions" to counter extreme volatility, the…

Bank Holiday Alert: Financial Institutions To Close On April 19, Know Why

The election will unfold in seven phases, starting from April 19 and concluding on June 1, 2024. 

Severfield launches buyback as booming steel demand in UK and Europe powers record backlog

The acquisition of Voortman has helped the firm diversify from its home market in the UK, with 32 per cent of its order book now located in Europe.

Biden to Call for Tripling Tariffs on Chinese Steel Products

In a speech to union steelworkers in Pittsburgh, the president will announce several new measures meant to raise new barriers against floods of Chinese imports.

Everything You Need to Know About Smartphone Backups

It doesn’t take a lot of work to keep copies of your phone’s photos, videos and other files stashed securely in case of an emergency.

Medicare's push to improve chronic care attracts businesses, but not many doctors

Most Medicare enrollees have two or more chronic conditions, making them eligible for a program that rewards physicians for doing more to manage their care. But not many doctors have joined.

Biden wants to hike tariffs on imports of Chinese steel and aluminum

The White House says China uses subsidies and government programs to undercut U.S. steel. President Biden wants to triple tariffs on the imports and take other new steps to curb imports.

Liontrust hit with £4bn in outflows from UK funds

Investors pull total of £6bn from asset manager over past year amid pressure on London’s capital markets

Biden is seeking higher tariffs on Chinese steel as he courts union voters

President Joe Biden wants to triple U.S. tariffs on steel from China. The president plans to make the announcement that he is out to better protect American producers from Beijing’s “industrial overcapacity” in an address to steelworkers in Pennsylvania on Wednesday. The move reflects the ...

Timing of Bank of England interest rate cuts thrown into doubt after hot inflation data

This week market caution looks justified following two upside surprises on two crucial pieces of economic data.

News24 Business | May fuel prices: Bad news and good news

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

Dollar strength: Why developing countries are nervous

Emerging economies are wary of the strength of the US dollar. They are taking steps to ensure the soaring greenback doesn't fuel inflation and derail growth. We explain why they remain vulnerable.

Russia to grow faster than all advanced economies

The IMF estimates Russia's economy will grow faster than the likes of the US, UK and Germany this year.

New data: UK tax take rising faster than any other rich country

Although the UK started the century with tax revenue making up a much lower proportion of national income than other advanced economies, the tax burden has rapidly climbed since the pandemic.

Andy Murray receives French Open boost as he steps up injury comeback

The Briton ruptured ligaments at the Miami Open but is now out of a protective boot. 

‘First of its kind’: Prominent lawyers write to Prime Minister for urgent support on Genocide Determination Bill

The Bill was introduced on 4 December to the House of Lords, and is a first of its kind in the world.

Brooks Macdonald outflows surge to £300m as cost-cutting pays off

Investors in Brooks Macdonald pulled £300m from the asset manager's funds last quarter, much higher than previous months.

Chancellor Jeremy Hunt: Conservatives will cut taxes again in autumn ‘if we can’

Speaking to the Financial Times, the Chancellor said further tax cuts were on the table for an autumn fiscal event, but stressed it would depend on "responsible management of the economy".

De La Rue: Struggling British banknote maker reassures market it’s on track to hit profit target

Last year, the company informed markets that demand for banknotes had slumped to the lowest level in 20 years.

Liontrust continues to struggle with investor outflows despite positive fund returns

Investors continued to pull money from Liontrust’s funds in the first quarter of 2024. In a trading update issued this morning, the asset manager said it had recorded £1.2bn in outflows during the first quarter of 2024. Despite the massive withdrawals, the company’s assets under management ...

Japan records trade deficit for third straight fiscal year despite recovering exports

Japan recorded a trade deficit for the third straight fiscal year as the costs of energy and other imports rose and the yen remained weak. The deficit was…

Inflation in U.K. Slows to 3.2%, Lowest in More Than 2 Years

As the economy cools, pressure is building on the Bank of England to cut interest rates.

News24 Business | Inflation cools for the first time this year

Annual consumer price inflation slowed for the first time this year, dropping to 5.3% in March, down from 5.6% in February and below some economists' estimates.

9- Seater Mahindra Bolero Neo Plus Launched; Check Features, Design, And Other Details

The Bolero Neo Plus is powered by a robust 2.2-litre mHawk diesel engine, delivering a maximum power output of 118 bhp and peak torque of 280 Nm

Old vs New Income Tax Regime for TDS on salary: Will post-election Budget 2024 impact your choice?

Interim Budget announces no tax rate changes. Anticipation of tax law alterations in the full budget. Salaried individuals to select tax regime in April. Considerations for choosing old or new regime. Employees may adjust choice during tax return filing.

London Gatwick co-owner strikes £1.27bn deal for majority stake in Edinburgh Airport

A majority stake in Edinburgh Airport has been acquired by French infrastructure group Vinci for £1.27bn, it has been confirmed.

Employee benefits provider Wagestream secures £17m funding boost

An employee benefits platform used by Asda and Burger King has secured close to £20m in new funding from investors including a subsidiary of the British Business Bank (BBB).

Czech billionaire Daniel Křetínský preparing bid for Royal Mail owner

Tycoon already owns a stake in International Distributions Services

7th Pay Commission: Central government employees to get HRA increase with DA hike to 50%; details and calculations here

Central govt. employees' DA increased to 50% from Jan 1, 2024. HRA adjusted accordingly. Uncertainty remains on a separate HRA order post 50% DA hike. Ministry of Finance guidelines may influence HRA revision.

Booming AI demand threatens global electricity supply

Elon Musk and Andy Jassy among tech chiefs warning that power-hungry data centres are a bottleneck in developing artificial intelligence

Post Office boss 'exonerated' after investigation into bullying allegations

The Post Office's chief executive has been "exonerated of all misconduct allegations" following an investigation into allegations of bullying.

Why are thousands of video game workers losing their jobs?

"I had just woken up and I got an email that said, 'We're going to have a company-wide meeting'. I knew right away."

Adidas scores a hit with first batch of unsold Yeezy shoes

German group secured over €500mn of orders in online sale after severing ties with Kanye West following antisemitic remarks

Workspace Group reports ‘resilient’ customer demand in the fourth quarter

Flexible office space provider Workspace Group reported resilient customer demand in the fourth quarter ending March 31st, completing 343 new lettings. 

Metro Bank cancels bonuses for all executives after turbulent year and rescue

Metro Bank has cancelled the bonuses of all its executive directors following a turbulent 2023.

Bank holiday in several cities on April 19 due to Lok Sabha elections Phase 1; check details

Lok Sabha Elections 2024 trigger bank closures in various cities, with states declaring holidays for voting days. Special provisions by Uttarakhand, Nagaland, and Tamil Nadu facilitate voting participation. Tripura banks close for Garia Puja celebrations.

Despite global instability, IMF says world economy show 'remarkable resilience'

NPR's Leila Fadel talks to Pierre-Olivier Gourinchas, chief economist at the International Monetary Fund, about the health of the global economy.

Holiday trade hit by 'horrendous weather'

Campsites and outdoor attractions say the wet and windy Easter break hit their bookings.

Premiership needs ‘Fortnum and Mason’ signings like Barrett, says Exeter boss

Barrett will join Leinster on a short-term deal next season in a major coup for the Irish province.

Why Boeing chief’s $33mn pay is hard to justify

Dave Calhoun was awarded a 45% increase in total pay last year

Georgia's parliament votes to approve so-called 'Russian law' targeting media in first reading

Georgia’s parliament has voted in the first reading to approve a proposed law that would require media and non-commercial organizations to register as being under foreign influence if they receive more than 20% of their funding from abroad. Opponents say the proposal would obstruct ...

Samsung Aims For Rs 10,000 Cr Revenue From Its AI TV Business In India

As per analysts, no TV brand in the country has achieved the Rs 10,000 crore revenue milestone before.

F.T.C. Said to Consider Blocking Major Fashion Merger

Regulators are expected to meet next week to discuss the $8.5 billion deal between Coach’s owner, Tapestry, and Michael Kors’ parent company, Capri Holdings, which would create a U.S. luxury conglomerate.

Post Office chief executive ‘exonerated’ of misconduct after review

External report was prompted by allegations about Nick Read’s behaviour

Adani family infuses additional Rs 8,339 crore in Ambuja; its stake rises to 70.3%

European Union questions TikTok on new app that pays users for watching

European Union regulators are seeking details from TikTok on a new app from the video sharing platform that pays users to watch videos. The European Commission said Wednesday it sent TikTok a “request for information” on the TikTok Lite app that has been quietly released in France and ...

Gove blocks City of London’s green light for Barbican’s Bastion House and old Museum of London 

On Wednesday, The City of London Corporation Planning Applications-Sub Committee planning officers approved plans by Sheppard Robson and Diller Scofidio + Renfro to demolish Bastion House.

‘We have a vision’: American Golf hails improvement despite challenging year

American Golf has hailed its improved financial performance despite facing "global and national factors" which negatively impacted how much customers wanted to spend and their confidence.

Eli Lilly weight-loss drug found to address sleep apnoea in trial

Study results could encourage US Medicare system and private insurers to cover tirzepatide treatments

Buyers turn to Treasurys as 2-year yield hits 5%

The yield on the 2-year Treasury has climbed as high as 5%, luring back buyers, even as the market struggles with negative se -More- 

Tesla Calls for New Vote on Elon Musk’s Pay Package

The electric vehicle maker will ask shareholders to vote again on a multibillion-dollar compensation package that was voided by a judge in January.

practice

Put it into practice: When deciding if it's best to respond to false information about your company, consider whether the sou

Chevron bolsters low-carbon tech drive with $500M fund

Chevron Technology Ventures has committed $500 million to its third fund, Future Energy Fund III, to invest in low-carbon tec -More- 

Fixed-income, equities traders beat Q1 estimates

Fixed-income and equities traders at five of the biggest banks beat expectations in the first quarter, posting almost $2 bill -More- 

Will geothermal be a unifying or polarizing force in US?

Geothermal, at face value, should be a nonpartisan issue because it's a natural stepping stone for the oil and gas industry a -More- 

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Billions vanish from retirement funds after pension providers shutter

FSCS was able to pay back about £1.2bn in compensation over the last five years, meaning that investors were left with up to £800m in lost pension funds.

Major new film and TV studio campus to be built in Scotland

A major new film and television studio campus is to be created in Stirling.

Abu Dhabi’s Taqa in talks to buy stake in Spanish utility Naturgy

Gulf energy group in discussions with CVC and GIP about possible acquisition of their shares

Tesla asks shareholders to approve move to Texas and ratify Musk’s pay

Delaware court previously voided chief executive’s $56bn remuneration

Tesla will ask shareholders to reinstate Musk pay package rejected by Delaware judge

Tesla will ask shareholders to reinstate the compensation package for CEO Elon Musk that was rejected by a judge in Delaware this year and to move the electric carmaker’s corporate home from Delaware to Texas. In January, Chancellor Kathaleen St. Jude McCormick ruled that Musk is not entitled ...

8 ways to personalize your rental — and get your deposit back

Renters can personalize their living spaces for greater comfort and style without jeopardizing their security deposits. Removable wallpaper, rugs and curtains offer temporary yet impactful ways to add color and design. Upgrading cabinet hardware and light fixtures provides a budget-friendly ...

Aerospace parts manufacturer Loar Holdings aims up to $2.28 billion valuation in US IPO

Next 15 FY revenue declines in PR division

Next 15 has reported a 6.3 per cent decline in organic revenue in the division that includes its main PR agencies for the year to 31 January 2024.

Edelman names EMEA chief creative officer

Edelman has promoted an experienced creative to take over the reins as chief creative officer across EMEA.

The Teacher’s Lounge: German drama is an intense allegory

A school becomes an allegory for society in tense German drama The Teacher’s Lounge, which was nominated for Best International Film at this year’s Oscars.  Leonie Benesch stars as Carla, an idealistic new teacher at a high school where there have been a series of thefts. After one of her ...

UK smoking ban: everything you need to know

Despite some opposition, the UK smoking ban bill passed with significant support, including backing from Labour MPs.

Edmunds: Avoid these 3 mistakes when buying a used car sight unseen

Sometimes you need to buy a car you’ve never seen. And there may be powerful reasons to do so. Buying a vehicle online and sight unseen allows you to potentially shop the nation’s entire inventory of cars rather than what just happens to be sitting around at your local dealership. That’s ...

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

Crisis Conference is almost here; Why the Gen Z job search is like online dating; WPP whistleblower reports up in 2023.

Telegram will 'probably' hit one billion users within the year - what is it and why is it so popular?

Telegram, one of the world's biggest social media networks, "will probably hit one billion active monthly users within the year", according to the app's billionaire founder Pavel Durov.

New BT chief dusts off plan for sale of Irish corporate unit 

The new boss of BT Group is dusting off plans for a sale of its Irish corporate business four years after her predecessor called off tlls a deal.

PMQs sketch: Trusst back in politics? 

Thanks to Liz Truss, a surfeit of salad-related attempts at humour emerged during PMQs this week. We take you through the highlights.

Tory MPs led by IDS: Biden’s liquefied natural gas curbs risk reliance on Russian energy

A group of nearly two dozen Conservative MPs led by former party leader Iain Duncan Smith has warned that Joe Biden's decision to curb US energy exports to the UK and Europe risks making his allies reliant on Russia to meet their energy needs.

Flexible jobs market booming as UK workers won’t budge on return-to-office demand

According to exclusive data shared with City A.M. by Flexa, compared to this time last year, 62 per cent more flexible jobs are on offer in job adverts.

CEO: Check yourself when you think you're the best

Jim Fish, the CEO of Waste Management, says he didn't really know what he wanted to do in his life until the age of 50, but a -More- 

Genes of coffee arabica reach back 600,000 years

Coffea arabica, the species that makes up 60% to 70% of the world's coffee, emerged about 600,000 years ago in Ethiopia from  -More- 

API data show US crude oil inventory build last week

The American Petroleum Institute has reported a 4.09-million-barrel jump in US crude oil stockpiles for last week, while gaso -More- 

API Training Course - Virtual Dates Available | API Fundamentals of Auditing and Lead Auditing

The Fundamentals of Auditing two-day course covers auditing fundamentals and processes unique to the API program.  -More- 

SEC sued for "unconstitutional" CAT surveillance tool

The National Center for Public Policy Research and two individual investors are suing the Securities and Exchange Commission  -More- 

UK rental costs rise at record 9.2%

Official figures highlight impact of higher borrowing costs on landlords and tenants

News24 Business | SA lost 20% of its dollar millionaires over the last decade

The number of millionaires living in Africa dropped by nearly 20 000 in the past decade as the continent’s ultra-rich either moved away or saw dramatic currency depreciations eat away at their wealth.

‘Czech Sphinx’ West Ham director makes bid for Royal Mail owner IDS

EP Corporate Group submitted a proposal to IDS's board last week, seeking to purchase all outstanding shares.

United Airlines jumps after results beat 'dramatically low' expectations

United Airlines witnessed a premarket surge of approximately 5.3% on Wednesday, propelled by an optimistic profit outlook for the second quarter and robust first-quarter performance, notwithstanding a $200 million setback related to Boeing's safety crisis. The airline's forecast indicated ...

News24 Business | SA's unemployment is only going to get worse, IMF says

Of the countries surveyed by the IMF in its World Economic Outlook, only Sudan's unemployment rate was worse than South Africa's.

Hugh Grant says he got 'enormous sum' to settle suit alleging illegal snooping by The Sun tabloid

Hugh Grant says he received “an enormous sum of money” to settle a lawsuit accusing the publisher of The Sun tabloid of unlawfully tapping his phone, bugging his car and breaking into his home to snoop on him. The actor said Wednesday that he did so reluctantly to avoid potentially hefty ...

IMF warns Britain must address ‘fundamental’ fiscal imbalances

By 2029, global debt is projected to be roughly equal to global output.

Seinfeld's upcoming Netflix movie about Pop-Tarts to be featured in IndyCar race at Long Beach

Jerry Seinfeld’s upcoming Netflix comedy will be featured during this weekend's IndyCar race at Long Beach as rookie Linus Lundqvist will drive a car painted to look like a Pop-Tart in recognition of the movie “Unfrosted.” Chip Ganassi Racing’s No. 8 will be painted in the texture of an ...

Oil options activity surged ahead of Iran attack

Oil investors traded a record amount of options contracts in the days before Iran's attack on Israel, with over 1 million cal -More- 

Sheffield: Higher prices unlikely to shake shale discipline

Not even $200 per barrel oil prices will be enough to sway public independent shale oil producers from their disciplined appr -More- 

SPR release likely in response to gasoline price rally

President Joe Biden's commitment to maintaining affordable gasoline prices may prompt future releases of crude oil from the S -More- 

Summer of intense weather pushed the power grid to the brink

Storms in Victoria and heatwaves in Queensland strained the power grid and drove wholesale prices higher as Australia faced its third-hottest summer on record.

Persistent shortage of growth hormone frustrates parents and clinicians

As a shortage of growth hormone used to treat rare diseases in children drags on, families and doctors are struggling with insurers' requirements to get prescriptions filled.

Drop the yellow circle? Tesco commences its £7m Clubcard rebrand after losing battle with Lidl

Tesco has begun a £7m rebrand of its Clubcard Prices logo after losing a trademark battle against rival supermarket giant Lidl last month. Britain’s biggest supermarket, Tesco, was sued by German supermarket Lidi over its Clubcard Prices’ promotion which used a blue square with a yellow ...

Tesla asks investors to approve Musk’s $56 billion pay again

Tesla Inc. plans to seek approval from shareholders once more for Elon Musk's $56 billion compensation package after a court voided it earlier this year. The proposal, revealed in a proxy filing on Wednesday, also includes a vote on relocating the company's state of incorporation to Texas from ...

Morgan Stanley, BNY Mellon beat earnings estimates

Morgan Stanley has exceeded expectations by reporting a 14% increase in first-quarter profit and $3.4 billion in net income,  -More- 

Yellen: US supporting sustainable global growth

The US economy's better-than-expected performance has helped boost the global economy, and Washington is working toward limit -More- 

Study: Fed Beige Book useful in predicting business cycles

Research from the Federal Reserve Bank of Cleveland and Washington University in St.  -More- 

Company culture in tatters? Bold ways to heal the divide

If your company's culture has become divisive -- especially over the past five years or so -- it may be time to revisit and r -More- 

AI investments set to slowdown

Investments in AI, including venture funding and mergers and acquisitions, will slow going forward, according to industry exp -More- 

What a TikTok Ban Would Mean for the U.S. Defense of an Open Internet

Global digital rights advocates are watching to see if Congress acts, worried that other countries could follow suit with app bans of their own.

Highest monthly car insurance rates ‘very hard’ to justify, trade body boss admits

A boss at the trade body for British insurers told MPs today that the highest rates paid by motorists for monthly cover are “very hard” to justify, as the industry faces criticism for hiking prices amid the cost of living crisis.

Sprinklr teams with LinkedIn on 1:1 messaging

The partnership builds on the LinkedIn functionality that allows individuals to send direct messages to businesses with pages on the social media network.

Adidas on front foot after exiting Kanye West deal

The Samba, Gazelle and Campus shoe maker expects to make €700m (£598m) operating profits in 2024.

ZEEL announces streamlined structure, Punit Goenka assuming direct charge of critical verticals

NPR Editor Who Accused Broadcaster of Liberal Bias Resigns

Uri Berliner, who has worked at NPR for 25 years, said in an essay last week that the nonprofit had allowed progressive bias to taint its coverage.

Trains, Trucks and Tractors: The Race to Reroute Goods From Baltimore

Since the collapse of the Key Bridge, other East Coast ports have absorbed the cargo previously handled in Baltimore, but some parts of the supply chain like trucking are struggling.

FSB consults on new margin guidelines for nonbanks

The Financial Stability Board has initiated a consultation on new guidelines for managing margin and collateral for nonbank f -More- 

Ford recalls over 456,000 Bronco Sport and Maverick cars due to loss of drive power risk

Ford is recalling more than 456,000 Bronco Sport and Maverick vehicles due to a battery detection issue that can result in loss of drive power. According to the National Highway Traffic Safety Administration, the body and power train control modules for these cars may fail to detect changes ...

Abbott Labs tops Q1 expectations, raises low end of 2024 guidance range

Abbott Laboratories on Wednesday reported first-quarter profit of $1.23 billion. The Abbott Park, Illinois-based company said it had net income of 70 cents per share. Earnings, adjusted for one-time gains and costs, were 98 cents per share. The results surpassed Wall Street expectations. The ...

17% of world's elderly population will be in India by 2050: CBRE

India is poised to host approximately 17 percent of the global elderly population by the year 2050. This projection is outlined in the report titled 'Golden Opportunities from the Silver Economy - Analyzing the Future of Senior Care in India,' published by real estate firm CBRE South Asia Pvt Ltd.

Complaint filed against Flipkart, BigBasket for allegedly making employee work on election day

Four things we learned from the London mayoral debate

We've picked out the top four things we learned when the four top London mayoral election candidates went head to head on live TV.

Ford recalls 456,000 Broncos, Mavericks that may lose power, raising crash risks

The automaker is recalling Bronco Sport and Maverick vehicles due to a battery detection issue that can result in loss of drive power, increasing crash risks.

Government and trade body urge BBC to refresh local news plans

"We are concerned the BBC was too confident of what it can deliver in the future," a Committee report published today said.

The next Mayor must extend the Night Tube

The Night Tube only covers half of lines and doesn’t run on a Thursday – the busiest night for socialising in the City. Extending it would get London nightlife back on track, says Mimi Yates If you’ve attempted a night out in the capital recently, you’ll recognise the scenario. After ...

Royal Mail owner could be taken over by Czech billionaire

The owner of Royal Mail has rejected an attempt by its biggest shareholders to take over the business but another bid is in the works.

Marex launches $300M IPO process

Financial services platform Marex has initiated its initial public offering process on the Nasdaq, with an estimated IPO pric -More- 

Boeing whistleblower testifies he was 'told effectively to shut up'

The engineer has said he wouldn't let his family fly on 787 planes because of safety concerns.

SKDK promotes Jasmine Hooks to COO

She takes over the role from COO Jacqui Newman, who is pursuing a new opportunity.

Amazon removed Just Walk Out from many of its own stores but wants to sell the system to others

Amazon wants other businesses to know it’s not giving up on its Just Walk Out technology. Although the company is ditching the cashier-less checkout system at its Amazon Fresh grocery stores, it plans to sell the technology to more than 120 third-party businesses this year. Just Walk Out uses ...

9 are facing charges in what police in Canada say is the biggest gold theft in the country's history

Canadian police say nine people are facing charges in the biggest gold theft in Canadian history from Toronto’s Pearson International airport a year ago. Authorities say 6,600 gold bars worth more than 20 million Canadian dollars or $14.5 million was stolen and the gold was melted down and ...

Are taxes going up or down?

The government talks about taxes coming down but other talk about them going up. Who is right?

NPR editor Uri Berliner resigns with blast at new CEO

The senior editor says CEO Katherine Maher has "divisive views" that confirm the issues he wrote about in an essay accusing NPR of losing the public's trust.

Wednesday evening news briefing: Angela Rayner investigated over council tax fraud claims

Sanjeev Gupta’s GFG Alliance still owes Greensill Capital nearly £500m

The administrators for Greensill Capital are still owed around $587.2m (£472m) from Sanjeev Gupta’s GFG Alliance, it has been revealed.

Owner of ship in Baltimore bridge collapse asks cargo owners to help cover salvage costs

The owner of the container ship Dali has initiated a process requiring owners of the cargo on board to share salvage costs after the deadly collapse of Baltimore’s Francis Scott Key Bridge. The ship’s owner, Singapore-based Grace Ocean Private Ltd., made what’s known in maritime law as a ...

United Airlines, Eli Lilly rise; JB Hunt, Travelers fall, Wednesday, 4/17/2024

Stocks that are trading heavily or have substantial price changes on Wednesday: United Airlines, Eli Lilly rise; JB Hunt, Travelers fall.

Alaska Airlines briefly grounds flights due to technical issue

Alaska Airlines briefly grounded all flights Wednesday due to a technical issue. The Seattle-based airline says it requested a ground stop for all Alaska and Horizon air flights out of an abundance of caution after experiencing an issue during upgrades to the system that calculates “our ...

Elon Musk says Texas forever. Shareholders shouldn’t

Tesla wants to relocate its corporate domicile but institutional investors like Delaware’s sophistication and predictability

White House mulling higher tariffs on Chinese steel

President Joe Biden is calling for a steep increase in tariffs on steel and aluminum imported from China.  -More- 

When bad press hits, sometimes silence is golden

When false or defamatory information spreads about your company, leaders should think strategically about their response and  -More- 

Moyes: I hope Bayer Leverkusen have been downing beer

West Ham manager David Moyes said that he hopes his team’s Europa League opponents Bayer Leverkusen spent time downing beer in the aftermath of their Bundesliga title ahead of their quarter-final clash tonight.  The Londoners trail 2-0 after the first leg of their last eight tie but host the ...

3 ways AI can improve B2B online purchasing

Business-to-business marketers can use AI in three ways to power improved e-commerce experiences, including tapping generativ -More- 

Cboe VIX options trading reaches 6-year high

Volatility index options have hit a six-year trading volume high at Cboe Global Markets, with 2.6 million VIX options traded  -More- 

Just added at AML 2024! Senior Law Enforcement Panel

We're thrilled to share that a Senior Law Enforcement Panel discussion will cap off our program at the 2024 Anti-Money Launde -More- 

50 days to T+1 transition -- the last mile

On Monday, April 8 -- 50 days before the US transitions to a T+1 settlement on May 28 -- SIFMA, ICI, DTCC and Deloitte hosted -More- 

India's economy to grow at 8-8.3% in current fiscal: PHDCCI

According to the PHDCCI, India's economy is projected to expand by 8-8.3 percent in the current fiscal year. Furthermore, the country's GDP is expected to achieve an average growth rate of 6.7 percent over the next 23 years, resulting in India becoming a USD 34.7 trillion economy by 2047, ...

Sany India launches fully electric dump truck

Sany India unveils the domestically manufactured SKT105E electric dump truck, emphasizing eco-friendliness and performance optimization with cutting-edge technology. The vehicle targets zero emissions, contributing to sustainable development goals.

Dubai rains: Emirates suspends check-ins for departures today; all airlines impacted

Flights to and from Dubai, a major hub for Indian travelers, face disruptions due to heavy rainfall in the UAE, the most in 75 years. With about 75 daily flights from India to Dubai, operations by Indian and UAE airlines are impacted. Industry sources report 30-40 Indian flights affected ...

Quick Heal enters US-based AI consortium

Quick Heal Technologies joins US AISIC for responsible AI adoption and collaborates with NIST NCCoE. Seqrite Labs contributes to AISIC groups, highlighting India's cybersecurity maturity and R&D focus in the face of AI opportunities and challenges for global readiness.

Whistleblower 'would not' put family on Boeing jet

An engineer has stepped up his criticism of the company's safety practices before appearing at a Senate hearing.

Tesla pushes for $56bn pay deal for Elon Musk

The deal, if approved by shareholders and judges, would be the largest in corporate America.

Supreme Court makes it easier to sue for job discrimination over forced transfers

The Supreme Court has made it easier for workers who are transferred from one job to another against their will to pursue job discrimination claims under federal civil rights law, even when they are not demoted or docked pay. Justice Elena Kagan wrote for the court Wednesday that workers only ...

Biden calls for tripling tariffs on Chinese metals

It is the latest protectionist policy to be embraced by the White House in an election year.

High-speed firm Jane Street raked in trading revenue at start of 2024

Documents show $4.4bn generated during first quarter rivalled sums at Wall Street banks

Chancellor insists UK's economy has 'turned the corner' - telling public to 'stick to' his plan

Chancellor Jeremy Hunt has said that "better times are ahead" but that the fundamentals of the UK economy are "very strong".

Government notifies liberalised FDI norms for space sector to boost foreign investment

IMF upgrades world economic outlook

The International Monetary Fund expects global economic activity to grow 3.2% this year, an upward revision from the previous -More- 

Powell: Inflation taking longer than expected to fall

Inflation is likely to take longer than expected to decline to the Federal Reserve's 2% target, Chair Jerome Powell says.  -More- 

Higher borrowing costs may not hinder M&A deals

Corporate merger and acquisition activity is accelerating as investment banks advise clients to accept the high cost of fundi -More- 

LinkedIn to add Verified Recruiter credential

Weary of job scrams, LinkedIn has added a wrinkle for recruiters: Soon they'll be identified as Verified Recruiter badges sim -More- 

4 ways to ensure employee recognition hits the mark

Being thoughtful and intentional about how and when you recognize your employees for a job well done can boost loyalty and re -More- 

12 Best Background Check Sites of 2024: In-depth Analysis

(Ad) Discover the best background check services. Compare prices, features, and user reviews to make an informed decision for your personal needs.

Mystery gold buyer is betting on geopolitical and financial mayhem

A powerful force is stalking the world’s gold market. It is operating in the shadows. Is somebody preparing for an escalation of the shadow Third World War?

CSX profit drops 10% despite railroad delivering 3% more freight in first quarter

CSX railroad's first-quarter profit slipped 10% even though the railroad delivered 3% more goods as the mix of shipments it handled shifted to a less-profitable mix. The railroad based in Jacksonville, Florida, said Wednesday that it earned $893 million, or 46 cents per share, in the first ...

US probe of Hondas that can activate emergency braking for no reason moves closer to a recall

A U.S. government investigation into unexpected automatic braking involving nearly 3 million Hondas is a step closer to a recall. The National Highway Traffic Safety Administration said Wednesday it has upgraded a probe opened in February of 2022 to an engineering analysis. The agency received ...

Tesla asks shareholders to reapprove huge Musk pay deal

Electric vehicle maker Tesla will ask its shareholders to vote again on a $56 billion compensation package they had approved in 2018 for CEO Elon Musk before it…

Toshiba mulls cutting thousands of domestic jobs to reduce costs

Toshiba Corp is considering cutting thousands of workers in Japan as part of efforts to reduce costs and improve business efficiency, sources familiar with the matter said Wednesday.…

Boston Dynamics’ Atlas Robot Is Leaping Into Retirement

It has been replaced by a new model, which will be used in automotive manufacturing. A farewell video featured the old machine running outdoors, performing back flips and awkwardly shimmying.

New York competition, smoking, internet betting concerns roil US northeast's gambling market

Casinos in the northeastern U.S. are dealing with numerous challenges as they brace for the arrival of new competitors in New York City. A potential smoking ban in Atlantic City, an ongoing debate over whether internet gambling hurts or helps the bottom line of physical casinos, and the loss ...

Vodafone Idea raises Rs 5,400 crore through anchor allotment

Vodafone Idea's FPO raised Rs 5,400 crore from 74 global funds, with investments from GQG Partners and other major firms. The offering included domestic mutual funds like HDFC MF and Motilal Oswal MF.

EV battery swapping should gain traction, experts say

Experts have asserted that the simple concept of electric vehicle battery swapping, replacing a depleted battery with one tha -More- 

Vodafone Idea eyes fresh bailout to convert dues into equity

Vodafone Idea seeks govt aid for Rs 2.3 lakh crore dues, requesting payout conversion for efficient operations and investor confidence. CEO Moondra highlights the need for govt support to ensure sustainability and healthy competition, with equity installment conversion option available.

Official who oversaw Little Village implosion gets City Council OK to head buildings department

Historic flooding event hits UAE, disrupts Dubai airport

The United Arab Emirates was hit by a storm Monday night that dropped more than five inches of rain over 24 hours and which t -More- 

French firm buys majority stake in Scottish airport as part of billion-pound deal

A French firm has struck a deal to buy a majority stake in Edinburgh Airport for around £1.27bn.

OpenAI’s model all but matches doctors in assessing eye problems

Research harnesses power of generative artificial intelligence in latest sign of its potential use in medicine

Former Crocs CMO Terence Reilly returns to shoe company

Reilly is leaving his role as Stanley president to serve in the same role for Crocs’ casual footwear brand HeyDude.

Uber is helping investigators look into account that sent driver to Ohio home where she was killed

The ride-hailing company Uber says it's banned an account that sent a driver to the Ohio home where an 81-year-old man allegedly shot the woman to death. Uber says Wednesday the March 25 shooting death of driver Loletha Hall is “a horrific tragedy” and the company has provided information ...

Boeing Whistle-Blower Details His Concerns to Congressional Panel

Sam Salehpour, an engineer at Boeing for over a decade, testified that the company introduced production shortcuts in an attempt to address bottlenecks.

US reimposes oil sanctions on Venezuela as hopes for a fair presidential election fades

The Biden administration has reimposed crushing oil sanctions on Venezuela in a rebuke to President Nicolas Maduro’s attempts to consolidate his rule just six months after the U.S. eased restrictions in a bid to support now fading hopes for a democratic opening in the OPEC nation. In October, ...

ASX to open stronger, even as falling tech stocks drag down Wall Street

The Australian sharemarket is set to open stronger this morning, despite Wall Street posting its fourth straight day of losses, with investors waiting for the latest employment data.

Tesla asks investors to OK Musk's 56 billion dollar pay again

Tesla re-votes on $56B Musk compensation voided by Delaware court. Denholm criticises. Lawsuit over CEO pay. Musk's 13% ownership. Global headcount cut. Bloomberg reports.

No big bang reforms in BJP manifesto: Citibank

Citibank disappointed with lack of 'big bang' reforms in BJP manifesto but hopeful. Economist report highlights missing structural reforms, privatisation, and continuity focus. Manifesto lacks 'Make in India' explicit mention.

Paytm gets NPCI nod to shift users to other banks

NPCI-approved One97 Communications transitions users to partner PSP banks for seamless UPI payments, leveraging robust infrastructure for users and merchants. Stock price closes at Rs 391.

'Green' Apple: Company to invest in solar projects in India

Apple invests in India production while focusing on green initiatives like rooftop solar projects. They advance water security, restore ecosystems, and provide clean drinking water through water kiosks in collaboration with local entrepreneurs.

Global IT spending may rise 8% this year to 5 trillion dollar

Global IT spending to hit $5 trillion in 2024 with consulting demand surpassing internal staffing. GenAI, AI servers, semiconductors, and large-scale projects driving the industry, reflecting a significant shift in IT investments and market trends.

World has much to celebrate on climate progress

Reports on surging oil and gas demand and rising temperatures may make it seem like the world is making little progress on cl -More- 

Why bootstrapping is always best

If you can build your startup via bootstrapping, do it, writes Freiling Agency CEO Tom Freiling, as it forces you to be more  -More- 

Peer-reviewed study lends support to forestry credits

Carbon credit schemes involving Reducing Emissions from Deforestation and Forest Degradation have recently been accused of gr -More- 

When SAFE agreements can be troublesome

While Simple Agreement for Future Equity agreements are straightforward choices for raising capital they do come with complic -More- 

The benefits of hiring "opportunity youth"

People ages 16 to 24 represent a large pool of untapped workforce talent, according to a new report, which recommends employe -More- 

SCOTUS decides workplace discrimination, forfeiture cases

The US Supreme Court ruled unanimously today that a federal law prohibiting workplace bias did not require former St.  -More- 

Tesla’s Board Backs a Pay Package for Elon Musk Struck Down by Judge

The company’s directors are asking shareholders to again approve the multibillion-dollar compensation plan and to move the company’s registration to Texas, from Delaware.

Biden, Competing With Trump to Be Tough on China, Calls for Steel Tariffs

Speaking to the United Steelworkers union in Pittsburgh, the president urged major increases to some tariffs on steel and aluminum products from China.

Q&A: Phish's Trey Anastasio on playing the Sphere, and keeping the creativity going after 40 years

Phish has been performing to thousands of dedicated fans for decades and prides itself on never playing the same show twice. Those fans will get another new experience this week when Phish takes the stage at the $2.3 billion Sphere in Las Vegas this week as the first band to perform there after ...

Profiting off greater risk: the reinsurance game

When an insurance company can't cover all of its claims, it actually has its own insurance. This is called "reinsurance." How does that work and why do reinsurers look at their risk pool differently than say home or auto insurers? *Related episodes: *Why is insurance so expensive right now? ...

Thailand begins OECD membership process

Thailand has developed a roadmap to become a member of the Organisation for Economic Co-operation and Development (OECD), a group of developed countries, aiming to elevate the country’s standards and broaden trade and investment opportunities.

PTT touts hydrogen as fuel of the future

While electric vehicles (EVs) gain in popularity as an option to replace oil-powered cars, hydrogen still holds promise as a future energy that may suit mobility technology and help reduce air pollutants, says national oil and gas conglomerate PTT Plc.

Thais apply to join the OECD

Thailand has applied to join the Organization for Economic Cooperation and Development (OECD), hoping it will help boost economic growth.

Chevron allocates $500M to carbon technology fund

Chevron Technology Ventures has rolled out another fund, this one with a $500 million commitment, to support efforts in areas -More- 

Department promotes promising stars in lacklustre year

The Revenue Department says there are significant challenges this year achieving tax collection targets because of the slowdown in economic activities, although it has identified five sectors that show promise.

Report links WOTUS rollback to river impairment

A new report from American Rivers identifies the nation's 10 most endangered rivers for 2024 and it shows a correlation betwe -More- 

ABC Radio Melbourne’s shows fail to recapture audiences

Listeners tuned out of the station’s breakfast show, hosted by Sammy J, and its mornings show, hosted by Raf Epstein.

Major creditors support Italian-Thai Development

Major creditors have agreed to infuse fresh liquidity into cash-strapped Italian-Thai Development (ITD) Plc, to support the company's business operations without requiring a rehabilitation plan.

The West says China makes too much. Its workers disagree

Migrants are caught in China's manufacturing battles with the West, as Beijing tries to save its economy.

Thailand Post considers 'neutral' virtual banking agent role

State-run logistics provider Thailand Post is considering expanding its scope by becoming a "neutral virtual banking agent", with the aim of complementing the operations of nascent virtual banks, says chief executive Dhanant Subhadrabandhu.

Since-fired SF Apple employee used work iPhone to leak to press, suit alleges

Apple just sent a warning to workers who might want to talk to the press.

Accor puts focus on extended-stay market

Thailand can expect stronger demand from long-stay travellers as more visitors blend leisure with business trips, while Accor said the country posted the strongest performance among neighbouring countries hosting its hotels in the region last year.

Project 'Ghostbusters': Facebook secretly spied on Snapchat data, docs allege

New docs from a monopoly lawsuit shed light on Facebook's "Ghostbusters" project.

ABC Radio Sydney slumps to worst-ever ratings result

The network saw its audience share slump, with its significant running order shake-up so far failing to attract listeners.

Targeting fast fashion, France aims to slow wasteful industry

France is working on a new law to better regulate fast-fashion companies. Experts and activists welcome the measure — although some would have preferred a different method.

China’s ‘red circle’ law firms rush to tap other markets

Mainland’s biggest firms opening offices in Asia, US and Africa as they seek to challenge international rivals

What Elon Musk’s pay package vote means for his $174 billion fortune

Tesla's board and Elon Musk are betting that shareholders will once again approve his ambitious compensation package from 2018, despite the electric vehicle market's evolution and the package's recent invalidation by a Delaware court. The board is relying on Musk's popularity and his role ...

Adani Family Further Infuses Rs 8,339 Crore In Ambuja Cements, Increases Stake To 70.3%

This follows the investment of Rs 5,000 crore on October 18, 2022, and Rs 6,661 crore on March 28 this year by the promoter of the company, thereby infusing a total amount of Rs 20,000 crore in Ambuja Cements post-acquisition.

S&P 500 suffers its longest slide since January

The S&P 500 experienced a decline, reaching approximately 5,020 points. Meanwhile, the Nasdaq 100 saw a decrease of more than 1%. This occurred just one day after Jerome Powell's comments dampened expectations of interest rate cuts. However, investors seeking bargains emerged in the Treasury ...

Czech’s in the Royal Mail

Plus, Elon Musk’s second try at a massive payday and Chinese law firms make a push abroad

IMF Backs Modi Government's Economic Policies; Expects India To Rev Up Global Growth As China Falters

The IMF’s World Economic Outlook report, released on Tuesday, has not only raised India's growth forecast by 0.3 percentage points to 6.8 per cent for 2024-25 but also sees the country as a bright spot "supporting global growth over the medium term and spill over to other countries".

Former Tory leader William Hague joins corporate intelligence group Hakluyt

The advisory firm expects to generate revenues of £137mn in its current financial year

Thames Water could benefit from a spell of public ownership

Special administration might limit fallout for other utilities and provide a chance to tackle unwieldy structure

Iran oil exports hit 6-year high as west prepares sanctions

Surge in crude sales to China exposes limits of US and EU attempts to rein in Islamic republic

How Sweden’s stock market became the envy of Europe

Deep pool of retail and institutional investors has helped Stockholm defy continent’s capital markets gloom

Let’s be honest, Tesco making big profits is a good thing

Instead of criticising Tesco for having a bumper year, we should praise it for providing cheap food and jobs for millions, says Matthew Lesh There’s an unorthodox tourist sight that I always tick off on trips abroad. It’s not that I don’t check out the historic squares, the museums and ...

One Tech Tip: What to do if your personal info has been exposed in a data breach

Data breaches are becoming an almost regular occurrence. As more of our lives move online, our personal data like email addresses, phone numbers, birthdates and even passcodes are becoming ever more vulnerable to theft or being mistakenly exposed. Cybersecurity experts say people need to remain ...

Spring floods don't bother some hibernating bumble bees

Researchers have determined that the common eastern bumble bee, a species widespread in North America, can survive a week und -More- 

Who owns businesses in California? A lawmaker wants the public to know

A California lawmaker wants to require limited liability companies and similar businesses to report the identities of their owners to the government. Such information would be available for public view. The proposal aims to crack down on the practice of opaque ownership structures that enable ...

Schumer says US will provide $6.1 billion to Micron Technology for chip plants in NY, Idaho

The Biden administration has reached an agreement to provide $6.1 billion in government support for Micron Technology to produce advanced memory computer chips in New York and Idaho. Senate Majority Leader Chuck Schumer, a New York Democrat, personally courted Micron to build what would ...

Gove vows to reduce ground rents to ‘peppercorn’ levels over time

Housing secretary’s attempts to put pledges into law have been watered down following pushback from landlords

Stock market today: BSE Sensex surges over 300 points to move above 73,000; Nifty50 above 22,250

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green for this first time this week on Thursday. BSE Sensex surged over 300 points and Nifty50 was above 22,250. Technical analysis by Nagaraj Shetti of HDFC Securities suggests that while the short-term ...

Our prison system is an economic and moral failure

Few politicians want to talk about prisons. They should be braver

Tu-dums and ba-da-ba-baa-baas: How the jingle got usurped by the ‘sonic logo’

With music's powerful link to memory, advertisers would be crazy to let the jingle die - and that's why they haven't, writes Anna Moloney.

Nestle Adds Sugar In Baby Foods Sold In Low And Middle Income Countries Including India, But Not In Developed Nations: Report

Swiss investigative organisation Public Eye has found in its report that Nestle adds upto 3 grams of sugar in its baby food per serving in India, however the same is sugar-free in countries like US, United Kingdom, Germany Switzerland.

Strickland spins rods for Yandal gold hunt

A second drill rig has rolled onto Strickland Metals’ Yandal project in WA to target previous high-grade intercepts of 39m averaging 6.1 grams per tonne.

Modern slavery helpline receives record number of calls in 2023, report finds

Calls made to an anti-slavery helpline have reached a record high, with the number of potential victims in the care sector rising by almost a third.

Markets Rebound In Early Trade After Three Days Of Decline

The 30-share BSE Sensex climbed 310.82 points to 73,254.50 in early trade. The NSE Nifty went up by 122.75 points to 22,270.65.

Could DePIN be crypto’s ESG-friendly real world use case?

So far in this cycle, there have been several narratives that have emerged. These include artificial intelligence (AI), real world assets (RWAs) and decentralised physical infrastructure (DePIN) tokens. Unlike meme tokens, these tokens and projects actually relate to solving a problem.

Home REIT set to sue former investment manager as shareholders circle

Home REIT has threatened to sue its former fund manager Alvarium today as it faces its own legal challenge from a group of shareholders who claim to have been misled.

Dubai airport chaos as Gulf hit by deadly storms

Hundreds of flights were cancelled on Wednesday at the major hub, which connects to every continent.

Deliveroo treads water in first quarter but still projects growth for 2024

Deliveroo said orders were flat, reflecting the stagnant market, and the consumer landscape was "more stable but still uncertain".

Shard developer to build new skyscraper next to Walkie Talkie 

Sellar, which previously developed The Shard, plans to build a £500m, thirty-story tower at 60 Gracechurch street.

AJ Bell customers pass half a million as investors flock to low-cost platform

The number of AJ Bell customers has surpassed half a million, up from under 200,000 when the company listed in 2018.

Hipgnosis agrees $1.4bn sale to Concord Chorus

Troubled music rights business strikes deal with Apollo-backed group