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Chinese PR executive’s online rant reignites criticism of tech work culture

Baidu’s public relations head tells staff she can ruin careers and needs them to work constantly in series of social media videos

Losses widen at James Corden’s production company behind final Gavin and Stacey episode

Losses widened at James Corden's production company, which is making the final Gavin and Stacey episode, despite its turnover jumping to almost £100m, it has been revealed.

Japanese automaker Nissan reports 92% jump in profit as sales surge

Punjab National Bank quarter 4 profit jumps nearly three-fold to Rs 3,010 crore

State-owned Punjab National Bank (PNB) on Thursday posted a nearly three-fold increase in net profit to Rs 3,010 crore for the fourth quarter ended March 2024, aided by improvement in core income and decline in bad loans.

SBI Q4 results: State Bank of India PAT jumps 24% YoY to Rs 20,698 crore, beats estimates

State Bank of India (SBI) reported a standalone net profit of Rs 20,698 crore for the quarter ended March 31, 2024, exceeding street estimates.

Seeing spies everywhere

Yes the west is paranoid, but that doesn’t mean they’re not out to get us

Byju’s Cuts Course Prices, CEO Raveendran Tells Staff Not To Sell Courses But Counsel Parents

In a meeting with over 1,500 sales associates and managers, Raveendran apparently told them to adopt a pull-based sales model rather than “push-based”.

More economists speak up for BoT

A group representing 300 economists has spoken out in favour of the Bank of Thailand’s independence in setting monetary policy after government and business leaders stepped up calls for lower interest rates to support economic growth.

SBI Q4 Profit Grows 18% To Rs 21,384 Crore

On a standalone basis, profit grew to Rs 20,698.35 crore from Rs 16,694.51 crore a year ago, the lender said in a regulatory filing.

SoftBank in talks with Naver over control of Line operator LY

EU moves to give profits from Russian assets to Ukraine

EU ambassadors have agreed in principle to use the profits from frozen Russian assets to help Ukraine.

Issue of dollar bonds ruled out this year

The government has no plans currently to issue dollar bonds overseas this year as it is still studying the issue while waiting for a clearer market direction, a Ministry of Finance official said on Thursday.

Blackstone triumphs in Hipgnosis bidding war as Concord refuses to raise offer

Blackstone has triumphed in the bidding war for Hipgnosis Songs Fund, as rival Concord Music has refused to raise its offer. In a stock exchange announcement today, Concord said it would not be increasing its offer of $1.25 per Hipgnosis share, leaving Blackstone’s offer of $1.30 per share ...

Allica Bank chief bets on rapid growth to force improvement in SME finance

Allica only launched in 2020 but has already become a certified fintech darling. It was named by Deloitte as the UK’s fastest-growing fintech last year and in April posted its first annual profit of £16.1m.

Profits cut at Monsoon and Accessorize owner as demand for children’s clothes falls

A drop in demand for children's clothing saw profits fall at the owner of Monsoon and Accessorize.

Ex-Bank of England economist claims he was ‘debanked’ like Nigel Farage

Ex-Bank of England economist Andy Haldane has said he was refused a bank account because of his "political" connections, comparing himself to Nigel Farage, as MPs criticise lenders for "debanking" individuals due to reputational concerns.

ITV: Writers’ strike and ad slowdown continues to drag on revenue

ITV has reported a significant fall in revenue as the effects of the writer’s strike and a difficult advertising market hurt the broadcaster.  The group said total revenue in the first quarter fell seven per cent to £887m. The strikes will “delay around £80m of revenue from 2024 ...

Grading the Chips Act and the other costs of AI

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

Nippon Steel predicts ‘calmer discussions’ with unions after US presidential election

Japanese company’s $14.9bn proposed purchase of US Steel sparked bipartisan political backlash

Bank of England expected to hold interest rates at 5.25%

The rate - a 16-year high - influences mortgages, loans and savings rates.

Uefa silent after Bayern boss Tuchel fumes at officials’ ‘betrayal’ in Real Madrid defeat

The stopping of play meant that VAR could not make a call on whether the goal should stand.

Decline in US wind generation raises bigger concerns than El Niño

While the energy source is inherently variable, the reduction last year comes at a moment of flux for the country’s electricity generation

Bank of England Holds Interest Rates at 5.25%, but Signals Cuts

A rate cut could come as soon as this summer as the central bank forecast that inflation would drop to its 2 percent target.

Bank of England predicts growth tailwind as impact of interest rates wanes

The Bank of England's new forecasts show inflation falling to target earlier than its last round in February.

Bank of England holds interest rates again but June cut on the cards

The Bank of England voted to hold interest rates at 5.25 per cent.

Arm shares fall as tepid forecast takes shine off AI optimism

SpiceJet starts Haj flights with Srinagar, to operate from 6 other cities

SpiceJet commenced its Haj operations on Thursday with the inaugural flights departing from Srinagar to Medina. These flights were operated using two wide-body A340 aircraft, each with a seating capacity of 324 passengers. Apart from Srinagar, SpiceJet will also operate special Haj flights from ...

Weatherbys: Horse racing private bank doubles profit on higher rates and expansion

The private bank Weatherbys has been boosted by higher interest rates and demand for its services.

India's exports rise in 115 nations out of 238 destinations in 2023-24: Government data

India's exports to 115 countries in 2023-24, including top destinations like the US and UAE, showed growth. Italy, services, and merchandise exports were notable. Commerce Ministry's data highlighted these trends.

US weekly jobless claims rise to highest level since August of 2023

The number of Americans applying for unemployment benefits jumped to its highest level in more than eight months last week in another sign that the labor market may be softening. The Labor Department reported Thursday that unemployment claims for the week ending May 4 rose by 22,000 to 231,000. ...

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

Gen Z’s thoughts on this year’s Met Gala; The biggest PR trends per sector.

Home of English cricket Lord’s set for new £61m redevelopment

The home of cricket Lord’s in north London is set for yet another multi-million pound redevelopment as the MCC pumps another £61m into the ground. Having completed a £53m overhaul of the Compton and Edrich stands – which flank the unique press box – in 2021, £61.8m will be pumped into ...

Why are people outraged about Apple's new iPad ad?

Apple's ad for its latest iPad Pro has sparked outrage, with Hugh Grant saying it represents the "destruction of the human experience".

Arm shares droop as US-listed British chip designer misses ‘thin’ margin for error

British chip designer Arm has seen a boost in revenue thanks to soaring demand for AI across the global economy.

News24 Business | Anglo bid: President of Botswana vows to protect its interests

“No way would we allow ourselves to willingly be made redundant or irrelevant,” says Botswana President Mokgweetsi Masisi.

TikTok to start labeling AI-generated content as technology becomes more universal

TikTok says it’s going to start automatically labeling content that’s made by artificial intelligence when it’s uploaded from certain platforms. TikTok says its efforts are an attempt to combat misinformation from being spread on its social media platform. TikTok’s policy in the past ...

Selfridges to make redundancies at London HQ and hits out at ‘absence of a tax-free shopping’

Luxury department store Selfridges is to make around 70 redundancies at its London head office.

Barclays says ‘plenty of evidence’ it will meet climate targets as protesters removed from AGM

Barclays' chair has defended its record on climate change, saying there is "plenty of concrete evidence" it is on track to meet its financed emissions targets, at a feisty annual meeting that saw a number of protestors removed.

Polish central bank sticks to cautious stance and keeps rates stable

How to turn a supermarket bouquet into a lusher, more personalized flower arrangement

If your heart is telling you to give a luxurious bouquet of flowers, but your wallet is saying shop at the supermarket, fear not. With a little imagination, you can transform a simple, low-cost bouquet into a stunning floral arrangement. Start by choosing classic, fragrant flowers like roses ...

Top public relations executive at Chinese technology firm Baidu apologizes after sparking backlash

A top public relations executive from Chinese technology firm Baidu has apologized after she made comments in a series of videos that critics said glorified a culture of overwork. Baidu’s head of communications Qu Jing sparked a public outcry in China after she implied in the videos that she ...

Donald Trump’s stormy day in court

Also in today’s newsletter, Ken Griffin weighs whether he’ll back Trump or Biden

Argentina labor unions' 1-day strike against President Milei paralyzes daily life

Argentina’s biggest trade unions have mounted one of their fiercest challenges to the libertarian government of President Javier Milei. The powerful unions called a mass general strike on Thursday that disrupted key subway and bus lines and led to the cancellation of hundreds of flights. The ...

New Post Office scandal redress body 'would take months and cost millions'

A recommendation that a new body be appointed to handle financial claims by victims of the Post Office scandal, has been rejected by the government.

Gulf Waitrose brand operator Spinneys jumps on first day of Dubai trading

Bankers hope successful listing of high-end grocer heralds wave of private companies going public

Indian Railways News: New Vande Bharat Train To Run Between Bhagalpur And Howrah

The new Vande Bharat train will cover a distance of approximately 439.57 kilometres, making stops at important stations including Sahibganj, Barharwa, Azimganj, Katwa, and Naudibdham.   

Investors target "prepurchase" ecommerce startups

Investors are adjusting their ecommerce strategies based on changes in consumer behavior in the wake of the coronavirus pande -More- 

Anglo American needs to switch on its defence against BHP

The company requires a new plan to create value from the troubled mining house

Activist Ancora Wins Three Norfolk Southern Board Seats but Will Not Oust CEO

An activist investment firm failed to replace the railroad’s top executive and all its directors, but did win three seats on its board.

SBI Hiring Nearly 12,000 Employees For Various Roles, Including IT: Chairman

The SBI declared a dividend of Rs 13.70 per share for FY24. The net NPA fell to 0.57 per cent compared to 0.67 per cent last year. 

With Animal Well, the YouTuber Dunkey Goes From Critic to Salesman

After a decade of humorously reviewing games, the man known as Dunkey began a publishing company to support indie projects, starting with the mazelike Animal Well.

Bernardi: Solar industry continues to evolve via IRA, new tech

Adam Bernardi, director of renewables sales and strategy at Burns & McDonnell, says technology improvements, workforce initia -More- 

CFOs detail higher-for-longer rates impact in earnings calls

CFOs had anticipated Federal Reserve interest rate cuts this year but those expectations have disappeared and some finance le -More- 

Conference Board: CEO confidence inches upward in Q2

CEO confidence improved slightly in the second quarter, according to The Conference Board.  -More- 

Thursday evening news briefing: Hunt urges Bailey not to cut interest rates too quickly

Average long-term US mortgage rate snaps five-week string of increases, but remains above 7%

The average rate on a 30-year mortgage fell for the first time in four weeks, a slight relief for home shoppers already facing the challenges of rising housing prices and a shortage of homes for sale. The rate fell to 7.09% from 7.22% last week, mortgage buyer Freddie Mac said Thursday. A year ...

Fitch affirms ratings of Axis Bank, ICICI Bank on supporting operating environment

Crossing the Atlantic is no easy fix for Europe’s oil majors

A significant strategic shift is far more important than looking to solutions abroad

Guns are being stolen from cars at triple the rate they were 10 years ago, a report finds

The rate of guns stolen from cars in the U.S. has tripled over the last decade, making them the largest source of stolen guns in the country. That's according to an analysis of FBI data by the gun safety group Everytown. The rate of stolen guns from cars climbed nearly every year and spiked ...

Disney and Warner to bundle streaming services

The media giants are under pressure to attract more subscribers to their streaming services.

BYD targets overtaking Tesla as top EV seller in Europe by 2030

Chinese carmaker plans multibillion-euro investment into factories, marketing and dealers

What is 24 karat gold? Know difference between 999 vs 995 fineness gold

Understanding gold purity levels like 999 and 995 is vital when purchasing 24-karat gold. The purity levels affect the cost, with 999 fineness being the purest and most expensive option, while 995 fineness is standard for trading.

Former IPO candidate Fruugo hires bankers to explore sale

An online marketplace which had been considered a prime candidate to float on the London stock market has hired bankers to pursue a sale.

Boeing 737 catches fire and skids off the runway at a Senegal airport, injuring 10 people

A Boeing 737 plane carrying 85 people caught fire and skidded off a runway at the airport in Dakar, Senegal’s capital, injuring 10 people. Senegal's transport minister says the Air Sénégal flight operated by TransAir was headed to Bamako, in neighboring Mali, late Wednesday with ...

How the Light Gets In founder: Bankers! Of course they need philosophy

Philosopher Hilary Lawson on why you should spend your May bank holiday at a festival of ‘ideas’

Barclays opens door to bigger bonuses as it eyes investment bank rebound

Barclays shareholders have waved through a proposal paving the way for it to award bigger bonuses to its top UK bankers as the lender reiterated confidence in its dealmaking arm.

Dovish Bank of England opens the door to interest rate cuts

"Its likely that we will need to cut Bank Rate over the coming quarters…possibly more so than currently priced into market rates," Bailey said.

Feds have 'significant safety concerns' about Ford fuel leak recall and demand answers about the fix

Senate Races to Pass Bill to Reauthorize FAA and Improve Air Travel

The legislation is due by Friday, but regional conflicts and demands for votes on unrelated provisions have slowed its progress.

Assumable Mortgages Are Making a Comeback Amid a High-Rate Market

Assumable mortgages — or low-rate mortgages that home buyers can take over from home sellers — are making a comeback. The process can be challenging.

Labour ‘absolutely committed’ to engaging with tech sector, says shadow minister

Labour's shadow science minister yesterday addressed a room of representatives from a number of the UK's most cutting-edge tech companies.

April venture funding stagnant

Global venture capital funding for April came in at $22 billion, which was flat month over month, according to data from Crun -More- 

Rising profits show economy not in downturn

Job growth may have slowed in April, but corporate profits are increasing, meaning an economic downturn is not necessarily im -More- 

New API guidelines aim for better dialogue around pipelines

The American Petroleum Institute has released new public engagement guidelines designed to help pipeline developers and opera -More- 

World's largest DAC plant begins operations in Iceland

Swiss company Climeworks has launched operations at Mammoth, the world's largest direct air capture plant, located in Iceland -More- 

Apple faces celebrity backlash over piano crushing

Hugh Grant and Justine Bateman among those to criticise the destruction in "tone deaf" iPad advert.

2024 Exploration and Production Standards Conference on Oilfield Equipment and Materials, June 10-14, Denver, Colo.

Join API for the 2024 Exploration & Production Standards Conference to gain access to technical committee meetings covering A -More- 

ExxonMobil eyes consolidated US R&D hub in Houston

ExxonMobil is closing research and technology hubs in New Jersey and Ontario in favor of a consolidated presence in Houston,  -More- 

Emerging market bonds outperform in debt markets

Emerging market bonds have been among the best performers in sovereign debt markets in 2024.  -More- 

Course Offering - Damage Mechanisms

This Damage Mechanisms training course covers an overview of basic metallurgy and a description of the most common refining p -More- 

Judge temporarily halts Okla. anti-ESG legislation

Oklahoma County District Court Judge Sheila Stinson has granted a temporary injunction that will halt the implementation of a -More- 

Traders increasingly purchase options against yen

Leveraged funds are increasingly purchasing one-to three-month reverse knockout call options contracts, which increase in val -More- 

Tata Sons doubles royalty fee to Rs 200 crore

Tata Sons has doubled the fee five years after fixing it at Rs 100 crore. Simultaneously, the holding company of Tata Group is ramping up its brand-building exercise through the title sponsorship of IPL, among other initiatives. TCS, in its notice to shareholders, revealed that it made ...

Muni market advocates urge Treasury to fill key position

As Congress approaches significant tax policy discussions, municipal market advocates are pressing for the Treasury to appoin -More- 

Iceberg ahead for Social Security

According to a government report released this week, Congress has until 2033 to fix Social Security before retirees receive an automatic benefit cut of about 21%. This is a more optimistic estimate from a previous report that stated the Social Security Trust Fund would run dry sooner, but ...

Technology crushing human creativity? Apple's 'disturbing' new iPad ad has struck a nerve online

A newly released ad promoting Apple’s new iPad Pro has struck quite a nerve online. The ad shows a hydraulic press crushing just about every creative instrument artists and consumers have used over the years — from a piano and record player, to piles of paint, books, cameras and relics ...

Big Tech regulatory crackdown spreads to Asia and Australia

Tokyo, Seoul and Canberra follow the EU and US in trying to rein in the dominance of Apple and Google

US utility pledges more transparency after lack of notice it empowered CEO to make plant decisions

The nation’s largest public utility pledged to be more transparent after it took months to disclose that a general budget vote by its board last year also gave the CEO the final decision over several proposed natural gas power plants. The Tennessee Valley Authority’s board announced the ...

Nissan net profit nearly doubles despite China challenges

Nissan said Thursday it nearly doubled its full-year net profit in 2023-24, weathering challenges in the Chinese market, but forecast a dip of around 10 percent for the…

Asean becoming a data centre hotbed

Demand in secondary and tertiary data centre markets continues to grow as operators and developers increasingly face power and land constraints in mature markets, according to the latest "Global Data Centre Market Comparison" report by the property services company Cushman & Wakefield.

Company insurance and "bleisure" trips

With trips that combine business and leisure travel on the rise, it becomes increasingly important for employers and employee -More- 

Government shelves plans for UK’s biggest hydrogen home heating trial

Decision to stop work on project comes after two smaller-scale trials were halted

Jeff Zucker expresses regret over failed Telegraph deal

RedBird IMI boss says Spectator magazine could have been acquired separately

BoE holds rates at 5.25%, indicates cuts to come

The Bank of England has held interest rates at 5.25% for the ninth month in a row.  -More- 

Does mining for batteries erase the climate benefits of EVs? No, and here's why

NPR listeners wrote to ask whether the environmental harm from building EVs "cancels out" the cars' climate benefits. Experts say the answer is clear.

Colorado-based abortion fund sees rising demand. Many are from Texas, where procedure is restricted

A Colorado abortion fund said Thursday it’s helped hundreds access abortion in the first months of 2024, the majority arriving from Texas where abortion is restricted. The new data reveals an increase in demand each year since the U.S. Supreme Court overturned Roe v. Wade in 2022. The high ...

India plays a key role in advanced manufacturing: Chandra

"Geopolitical challenges continue to alter established supply chains, and companies are rebalancing their supply chains to address both resilience and efficiency. New global ecosystems are being created, with India playing an important role in advanced manufacturing," Chandrasekaran, who ...

Thai stocks tipped to rebound in 2nd half

Recovering tourism and exports, backed by a weaker baht, along with growing fiscal budget disbursement could support a rebound of the Thai stock market in the second half this year after the index lost 2.7% year-to-date, one of the worst performers globally.

Gas pipeline opens after years-long delay

Thailand's longest onshore gas pipeline has opened to facilitate gas transport for power plants and factories, following a delay related to the pandemic, says PTT president and chief executive Auttapol Rerkpiboon.

The Power of Capitalism: How Venezuela went from rich to poor

Venezuela went from poor to rich under capitalism - and reversed those gains when it went back to socialism

Winner of AI gadget race might already be in your pocket

New products from tech giants and start-ups struggle to compete with smartphone

Argentines strike against spending cuts

Schools, banks and many shops close across the country, with train and metro services suspended.

How long-term mortgages could help solve the UK housing crisis

Short-term mortgages are great for some, but their prevalence is exacerbating challenges for first-time buyers, writes Elliot Reader.

Akshaya Tritiya 2024 gold price: What is the outlook for gold investment? Here’s what experts recommend

Gold Price Akshaya Tritiya 2024: A study of gold price trends since 2014 reveals a varied performance of gold between one Akshaya Tritiya and the next. So where are gold prices headed and what should investors do? Here’s what experts have to say

Dover Street Market Paris: a home for fashion’s independent minds

Luxury retail pioneers Adrian Joffe and Carla Sozzani reflect on their radical approach

Top Biden aide highlights upcoming tax showdown with GOP over 2017 cuts that are due to expire

The Biden White House wants voters to know its differences with Republicans over taxes. The White House's National Economic Council Director, Lael Brainard, is to deliver remarks Friday on the 2017 income tax cuts that are set to expire after next year. The expiration of the tax cuts creates ...

Latest HDFC Bank lending rates: What home loan, car loan, and personal loan borrowers need to know

HDFC Bank's MCLR, ranging from 8.95% to 9.35% on May 7, 2024, sets the minimum interest rate for loans. Prime Lending Rate and base rate act as benchmarks. Home loan rates linked to External Benchmark Lending Rate post-merger."}

Should commercial space companies contribute to the FAA the way airlines do?

There's a fund that commercial airlines pay into for things such as safety inspections, but commercial space companies don't pay into that fund. (Story aired on All Things Considered on May 9, 2024.)

The Power of Capitalism: Time and again, it’s free markets that deliver for people

Capitalism and free markets have been shown, again and again, to be better for people than any alternative

Panera Bread said it's discontinuing its Charged Sips drinks

Panera Bread is getting rid of Charged Lemonade from its menu. The highly caffeinated beverage is at the center of at least two wrongful death lawsuits.

I watched Tom Daley at London 2012 – now I’m diving with him at the Olympics

The pair won World Championships silver in February, 12 years after Williams watched Daley from the stands at London 2012.

New Chicago-based company Global Tetrahedron wants to make The Onion great again

ETF buying nearly halves in April as US rate cut hopes recede

Aversion to risk spurs sharp fall to equity ETFs while government bond ETF flows tick up

A German Initiative to Keep Workers Employed by Retraining Them

As the industrial landscape in Germany shifts, companies have formed an alliance aimed at offering the skills and certification that workers need to find new jobs.

ICICI Bank's Cards And Payments Head Bijith Bhaskar Resigns

He has led various product teams and managed several business areas including retail liabilities, retail assets, and small and medium enterprises (SME), across different geographies. 

Whey Vedanta’s Anil Agarwal thinks critical minerals are the ‘new gold’

Anil Agarwal of Vedanta Resources stresses the vital role of key minerals like copper, zinc, aluminum, and silver in modern technology, clean energy, and sustainability, highlighting the need for increased exploration and investment in domestic production.

Yes, Apple's new iPad ad is ugly and crushing, but art can't be flattened

The newest iPad ad depicts instruments, books and art supplies flattened into Apple's thinnest product ever. But anyone who owns and loves art in any form knows: The practicality isn't the point.

London’s FTSE 100 on track for best week of the year as string of good news ends winter blues

Friday's rally was largely driven by miners who were lifted on the back takeover speculation and higher prices for metals and minerals.

EP: 270 Lingfield, Ascot & Hong Kong

Lingfield hosts both the Derby and Oaks trials on Saturday with the big field Victoria Cup, Ascot’s feature race on the same afternoon. We also take a look at Saturday’s Swinton Handicap Hurdle at Haydock. City AM Racing editor Bill Esdaile previews the best of this weekend’s racing ...

CCO turnover rate down 9 percentage points in 2023: Study

Patino Associates 2024 CCO Turnover Study details a five-year low in turnover, but it expects that number to rise this year. It also found women hold six in 10 roles at Fortune 500 companies.

Apple ‘missed the mark’ with ad for new iPad showing instruments being crushed

The US iPhone maker launched an advert recently in which creative items, including a piano, were crushed by a hydraulic press.

What are the NPS partial withdrawal rules? Know eligibility, limits and more details

NPS enables partial fund withdrawals after three years for eligible subscribers. Withdraw up to 25% of own contributions, excluding employer funds and returns, for specific purposes like education, marriage, housing, medical needs, disability, skill development, and entrepreneurship.

Quinn Emanuel raises junior lawyer pay to £180,000

US litigation firm wades into City talent war with 18% salary increase for newly qualified lawyers

London-based Consumer Tech Company Nothing Logs 144 Per Cent Growth In Q1

Nothing has established a new foundation for its audio product suite with two new wireless earbuds, Nothing Ear and Nothing Ear (a).

Women’s basketball is on the up – now funding bodies must shoot for the moon

Instead of enjoying a celebratory moment that inspires growth, the sport’s impetus is under threat.

Standard Chartered chair bemoans share price but rules out ditching primary London listing

Standard Chartered's top brass has once again bemoaned its weak share price but ruled out moving its primary listing away from London as it presses on with a renewed effort to slash costs and raise investor returns.

News24 Business | Islamic State launches boldest attack in Mozambique in three years

Islamic State-linked insurgents attacked the town of Macomia in Mozambique’s gas-rich Cabo Delgado province, according to people with knowledge of the matter, in what is their boldest raid in more than three years.

How the G-SIB surcharge and Basel III endgame proposals impair client clearing of OTC derivatives

The robust central clearing of OTC derivatives is a key pillar of financial stability.  -More- 

Warrior could be Triumphant by Miles

TRAINER Francis Lui sends his heavy artillery to Sha Tin this weekend and will be looking to make inroads into the five-winner deficit he currently trails Pierre Ng by in the trainers’ championship race. Lui, whose stable have been a model of consistency all season, saddles eight raiders ...

Ping An cuts HSBC stake days after voting against Quinn’s re-election

Sale by shareholder comes in wake of bank announcing chief’s exit

Earn your stripes with Financial Times x With Nothing Underneath’s new boyfriend shirt

The salmon-pink collaboration is raising funds for the newspaper’s Financial Literacy and Inclusion Campaign (FLIC)

Pro-Palestinian protesters demand endowment transparency. But it's proving not to be simple

Some universities are vowing to provide information about how much university endowment money is invested in companies profiting from the Israel-Hamas war amid calls from pro-Palestinian protesters. As part of that effort, the University of Minnesota disclosed this week that about $5 million ...

News24 Business | US revokes some licences for exports to China's Huawei

The US has revoked certain licences for exports to Chinese tech giant Huawei, the Commerce Department said, drawing opposition from Beijing on Wednesday.

California Will Add a Fixed Charge to Electric Bills and Reduce Rates

Officials said the decision would lower bills and encourage people to use cars and appliances that did not use fossil fuels, but some experts said it would discourage energy efficiency.

Holly Branson on what it takes to build purpose into your business

Holly Branson takes the pen to tell Ambition A.M. what it takes to build purpose into a business – and what you should know before you begin. 

IT Company Wipro Appoints Vinay Firake As CEO For APMEA Strategic Market Unit

Vinay Firake holds a Master's degree in Business Administration with a focus on Finance and a Bachelor's degree in Computer Engineering. 

Report exposes problems plaguing pension dashboards

Poor governance and a dearth of digital skills led to delays at flagship scheme

OCC's proposal to prevent bank runs falls short

In January, acting Comptroller of the Currency Michael Hsu proposed a five-day liquidity coverage ratio alongside the existin -More- 

Police prevent environmental activists from storming Tesla factory in Germany

German police say they have prevented hundreds of demonstrators from storming Tesla’s factory near Berlin during protests against the pioneering electric car maker over its environmental footprint. Crowds of demonstrators gathered near the Grunheide factory, Tesla’s first in Europe, ...

Biden Looks to Raise Taxes on Wealthy and Corporations to Shave Deficit

Lael Brainard, the director of the National Economic Council, said lawmakers should raise taxes on companies and the wealthiest while extending the 2017 cuts for those making less than $400,000.

S4 Capital reports 11.7% revenue drop for first quarter of 2024

Martin Sorrell said the group will continue to capitalize on AI positioning.

PHOTOS: Taylor Swift kicks off European leg of Eras Tour, adds 'The Tortured Poets Department' songs

In her first Eras Tour concert since the release of “The Tortured Poets Department,” Taylor Swift shook up her setlist. At Thursday night’s show at the La Défense Arena in Paris, fans were treated to the inclusion of new songs from the record-breaking album released in April. According ...

Google lays off dozens more Bay Area workers on way to record valuation

First, more layoffs announced at Google. Then, a record-high $2.1 trillion valuation.

“Sufrí mucho”: Mujer afirma que Zantac le causó cáncer declaró en el juicio del Condado de Cook

Specialty lab exec gets 10-year prison term for 11 deaths from tainted steroids in Michigan

A Michigan judge has sentenced the former executive of a Massachusetts specialty pharmacy to at least 10 years in prison for the deaths of 11 people back in 2012. They were injected with tainted pain medication, which caused a meningitis outbreak that affected hundreds across the U.S. Barry ...

Biden Administration to Pay Dairy Farmers for Bird Flu Protective Measures

The payment system amounted to one of the most forceful actions taken so far by agriculture officials who have raced to keep up with the spread of the virus among dairy cows.

How major US stock indexes fared Friday, 5/10/2024

U.S. stocks coasted to the close of another winning week with a quiet, mixed finish. The S&P 500 rose 0.2% Friday. The Dow Jones Industrial Average gained 0.3%, and the Nasdaq composite edged down by less than 0.1%. A lengthening parade of strong profit reports from Gen Digital and other ...

Tax revenue jumps 22% in April. But US deficit still looms large

The U.S. Treasury ran a surplus last month, thanks in part to the April 15th tax deadline. But the federal government is still expected to end the year more than $1.5 trillion in the red.

Colo. plan for statewide grid upgrade could become a template

Colorado Governor Jared Polis is to review legislation that would require local utility Xcel Energy to overhaul its existing  -More- 

Sustainability pros look to AI for materiality assessments

As sustainability professionals prepare their organizations to meet demand for information from regulators and other stakehol -More- 

Minn. students advocate for climate education

Students recently held a rally at the Minnesota Capitol, urging support for a bill mandating climate-change education in scho -More- 

Q&A: Why Peter Shankman went back to what worked with HERO

Help Every Reporter Out will be familiar to users of his previous media relations email, HARO, but with a renewed focus on vetting journalists and sources, the entrepreneur says.

Colo. lawmakers move to fill gap in wetland protections

The Colorado Legislature has approved a bill that would essentially restore protections for wetlands and intermittent streams -More- 

Biden reportedly to reveal fresh China tariffs

The US administration is reportedly set to reveal tariffs on China targeting key sectors such as electric vehicles, batteries -More- 

Target Scales Back Pride Month Displays After Last Year’s Backlash

It said Pride merchandise would be available on its website and in select stores next month. In 2023, the retailer featured the goods widely.

Take time to find ways to give your teams more time

Leaders can offer their teams more flexibility in their day -- which research shows they want -- by offering meeting or email -More- 

WABC Radio suspends Rudy Giuliani for flouting ban on discussing discredited election claims

Rudy Giuliani has responded to a report he’s been suspended from WABC Radio and had his daily show canceled over his violation of a ban on discussing discredited 2020 election claims. The former New York City mayor says the station’s ban was overly broad and “a clear violation of free ...

Wheaties boxes were ranked

The tradition of athletes appearing on a box of Wheaties dates back 90 years.  -More- 

Apple’s latest iPad advert backfired, but how does it rank amongst the worst ever?

We have gone through some other commercials and advertising campaigns which spectacularly backfired, to consider where they rank.

Federal judge temporarily halts Biden plan to lower credit card late fees to $8

A federal judge in Texas temporarily halted a plan by the Biden administration to lower late fees on credit cards to $8 that was slated to go into effect next week. The temporary injunction imposed by Judge Mark Pittman in the Northern District of Texas is a win for the big banks and major ...

Clawing back after a steep Songkran decline

Sentiment on the Stock Exchange of Thailand (SET) was relatively weak at the beginning of April, with average daily turnover of only 33 billion baht during the first week of the month.

The United Auto Workers faces a key test in the South with upcoming vote at Alabama Mercedes plant

The United Auto Workers is aiming for a key victory at Mercedes-Benz in Alabama. More than 5,000 workers at the facility in Vance and nearby battery plant will vote next week on whether to join the UAW. The vote comes a month after workers at a Volkswagen factory in Tennessee overwhelmingly ...

Does the Darktrace takeover prove the US bad for British tech?

Policy makers love that we’re building tech companies like Darktrace in the UK but hate it when they scale in the US. Time to regulate for reality, says Camilla de Coverly Veale You don’t have to look far to find someone presenting the view that the US tech scene is a predator to British ...

They made one-of-a-kind quilts that captured the public's imagination. Then Target came along

Over the past two decades, Gee’s Bend quilts have captured the public’s imagination with their kaleidoscopic colors and their daring geometric patterns. Direct descendants of slaves in rural Alabama managed to cultivate a groundbreaking art practice while facing oppression, geographic ...

How crops are being disaster-proofed

Scientists are creating hardier crops by cross-breeding wild varities and tweaking crop genes.

Delays warning as M25 stretch closes for the weekend

Drivers are urged to avoid junctions 9-10 of motorway in Surrey which closed at 21:00 BST on Friday.

Musk says Tesla charger network will grow, days after layoffs

Tesla boss Elon Musk said Friday the electric vehicle manufacturer would invest over $500 million this year to install new superchargers, just days after a report of massive…

FTSE 100 live: London scales new heights as UK GDP data shows recession over

The daily London market update: Market moving news from the FTSE 100 and around the world from City A.M.

News24 Business | Guess who's back? Ex-NPA boss Shaun Abrahams returns to court - as Brian Molefe's lawyer

Abrahams' appointment as head of the National Director of Public Prosecutions was declared invalid by the Constitutional Court in August 2018.

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

Air India announces additional flights to Amsterdam, Copenhagen and Milan

Air India is expanding its European operations to meet continued demand by adding more flights to Amsterdam, Copenhagen, and Milan, airline officials have announced. Starting June 22, Air India will increase its frequency on key routes. Daily non-stop flights from Delhi to Amsterdam Schiphol ...

Social Commerce Platform Meesho Raises $275 Million

In January this year, global investment firm Fidelity had marked down the value of its holding in social commerce platform Meesho, to $3.5 billion.

News24 Business | Honey badger pops up in UCT's backyard, giving student a shock

A bold honey badger was spotted above the University of Cape Town campus, evoking a lively reaction from one student.

Tips to make a house or apartment safe and accessible for older adults living at home

With a majority of Americans preferring to live in their own homes as long as possible, experts stress the importance of modifications to keep dwellings safe and accessible. The National Institute on Aging and AARP offer free room-by-room guides with practical suggestions for older adults ...

Made in England: The Films of Powell and Pressburger review

Made In England will preach to the choir. However, anyone who considers themselves a bit of a film buff will feast on this celebration.

‘Steel frame introduced by Britishers has rusted’: Former RBI governor Subbarao's sharp remarks on IAS, civil services reforms

Former RBI Governor Duvvuri Subbarao has emphasized the need to reform and reinvent the civil services in India. He also highlights what he sees as a decline in the ethos of the IAS.

The ‘Betches’ Got Rich. So What’s Next?

The women’s media company, which started as a raunchy college blog, is a rare financial success story — and on the White House’s radar. Now, it’s wrestling with how to grow up alongside its readers.

SBI General Insurance appoints Jaya Tripathi has head of key relations

Sunak insists confidence in economy is growing

The Prime Minister reiterated his view that the Government’s economic plan was working as he visited a business facility in Eynsham, Oxfordshire.

What is TfL’s Places for London, and is it really tackling the capital’s property crisis?

TfL's property arm has been designed to generate a steady income for the transport body.

New mutual fund KYC rules: Why Aadhaar card is key for smooth investments; know all the details here

New KYC rules for mutual fund investors started on April 1, 2024, requiring 'KYC Validation' for investing without extra paperwork. 'KYC Validated' status confirms proofs like Aadhaar, PAN, email, and mobile, simplifying mutual fund investments.

News24 Business | New payment platform helps SA's unbanked street traders go cashless

Street Wallet is a web-based, non-card machine ecosystem that allows street vendors to convert digital payments into cash within 24 hours.

Can You Make Your Investment Portfolio Reflect Your Values?

Forget about endowments and their holdings and divestment for a minute. What do you stand for, and how can you make your portfolio reflect that?

Billionaire Vinod Khosla loses bid to end California public beach access suit

Billionaire venture capitalist Vinod Khosla encountered yet another setback in his prolonged 15-year legal struggle to limit public access to a renowned surfing spot situated south of San Francisco, which can be reached through his private property. A California state judge issued a tentative ...

This Time No Mistakes: The big challenge facing Keir Starmer

When Labour gets into power, it cannot just pull a lever marked 'investment'.

Russia’s richest don’t know how to pass on their billions

For Russia’s elite, passing on family wealth has become more complex than ever.

South Korean state energy monopoly in talks to build new UK nuclear plant

Kepco has held early-stage discussions with British officials over mothballed Wylfa site

Jim Chalmers, the budget and the art of make-believe

The treasurer has rewritten the narrative on federal budgets. On Tuesday night, we’ll get to decide whether we believe his story – or at least want to believe it.

‘Doing it very tough’: Why the budget might not benefit small business

Australians are spending less, and the government has ruled out cash injections in Tuesday’s federal budget. Small business is caught in the middle.

Closure of Trump Media auditor delays IPOs and company results

SEC move to shut down BF Borgers threatens nine IPOs and could force dozens of listed firms to delay results

Domestic violence is a workplace issue

Employers can do a lot more to help combat a depressingly persistent problem

UK waste confronts its carbon problem

Incineration plants have been attractive to investors, but must soon start paying for emissions

AI-powered drug discovery demands investor patience

Machine intelligence is not yet a substitute for the experimentation that underpins understanding of a disease

Alibaba leverages cloud business to become a leading AI investor in China

Ecommerce giant offers computing resources to fast-growing start-ups in exchange for equity

Consulting firms’ grip on Saudi economy sparks local misgivings

Disgruntlement rises over role of outside experts in running the kingdom

Tory MP urges Scottish Parliament to ‘up its game’ and combat negativity

A former MSP who quit Holyrood for Westminster has urged the Scottish Parliament to “up its game”.

Some older Americans splurge to keep homes accessible while others struggle to make safety upgrades

Living at home as long as possible is preferred by a vast majority of adults over 50. But the real estate market and inflation has made doing so less of a choice. Locked into low mortgage rates too good to give up, some baby boomers and older members of Generation X with enough extra case are ...

Solar storm disrupts Starlink satellites

Starlink, the satellite arm of SpaceX controlled by billionaire Elon Musk, warned on Saturday of “degraded service” as the Earth is battered by the biggest geomagnetic storm due to solar activity in two decades.

Billionaire quant investing pioneer and philanthropist James Simons dies at 86

The Simons Foundation announced on Friday the passing of billionaire investor James Simons at the age of 86. Simons, a mathematician and Cold War code-breaker, was the founder of Renaissance Technologies, one of the world's leading and most lucrative hedge funds. The foundation did not disclose ...

Delicious Orie has tasted defeat but is eyeing sweet success at Paris 2024 Olympics

Moscow-born Orie is bidding to emulate his idol Anthony Joshua with Olympic gold this summer.

25 Years of 'The Phantom Menace'

NPR's Scott Detrow talks to Erich Schwartzel, who covers the film industry for The Wall Street Journal, about the 25th anniversary of Star Wars: Episode I — The Phantom Menace.

Podcast explores the changing music scene in Austin, Texas

We look at the latest season of the Pause/Play podcast, from KUT and KUTX Studios, which explores how global and local changes are impacting Austin's music ecosystem.

China’s EV sector taps offshore markets despite rising western protectionism

Geely-owned EV maker Zeekr rises 34% on debut in the biggest US IPO by a Chinese company in more than three years

With credit card debt on the rise, consumers should watch their FICO score

Schools turn to artificial intelligence to spot guns as companies press lawmakers for state funds

Schools across the U.S. are increasingly turning to artificial intelligence and video cameras to spot guns. Some states are considering multimillion-dollar grant programs for the technology. But many of those bills have been written with specific criteria so only one software provider can ...

Lithuanians vote in a presidential election as anxieties rise over Russia and the war in Ukraine

Lithuanians are casting votes in a presidential election on Sunday at a time when Russian gains on the battlefield in Ukraine are fueling greater fears about Moscow’s intentions. Those concerns are particularly pronounced in the strategically important Baltic region. The popular incumbent, ...

Grant Thornton set to earn £46mn for Greensill administration

The 2021 collapse of the business trapped $10bn of assets in supply chain finance funds run by Credit Suisse

The UK’s immigration system is no longer fit for business

If the immigration system remains as it is, the UK will be closed for business, writes London Chamber of Commerce chair Julia Onslow Cole.

Reasons to be cheerful about corporate climate targets

Investors might think they impede returns but FT research shows they do not mean underperformance

What Wayve’s billion-dollar round says about the UK’s fundraising landscape

Wayve's latest funding round was heralded as a watershed moment for UK tech, but also revealed a worrying trend about our fundraising landscape.

News24 Business | ANALYSIS | Private rail operators in SA need these changes to Transnet policy

Substantial amendments are needed to Transnet's rail privatisation proposal to appease companies - including hiking the minimum access fee and addressing theft and vandalism, write Vivien Chaplin and Gaby Wesson.

Honey, I Love You. Didn’t You See My Slack About It?

Some couples are using professional project-management software to maintain their relationships. Why does it bother other people?

Maruti Suzuki Expects Over 30 Per Cent Jump In CNG Vehicle Sales At 6 Lakh Units In FY25

Maruti Suzuki aims to produce 40 lakh vehicles per year by FY2030-31, almost double from current levels. 

A police officer was killed in Pakistan-held Kashmir during protests against price hikes

A protest against rising costs of food, fuel and utility bills has turned violent in Pakistani-controlled portion of Kashmir, leaving a police officer dead and dozens of people injured. Traders in some of the cities in Pakistani-controlled Kashmir pulled their shutters down on Saturday while ...

More US parents than ever have paid leave this Mother's Day - but most still don't

More working U.S. parents than ever are celebrating their first Mother’s Day with hard-fought access to paid time off to care for newborns. But the majority still must forego pay to care for new babies or other loved ones, even as efforts to expand paid parental and family leave gain ...

UK exits recession with fastest growth in two years

The economy grew by a stronger than expected 0.6% in the first three months of the year.

Owner of Steven Bartlett-founded Social Chain eyes swoop for AIM-listed Mission

London-based Brave Bison is currently in discussions with Mission's board and major shareholders to garner support for their proposal.

Frasers: Mike Ashley’s high street giant that has confounded its critics

Frasers Group has managed to buck a general decline in the UK retail sector, thanks largely to a string of savvy acquisitions. What does the future hold for the Mike Ashley-owned group?

Virgin Money’s largest investor slams board for £2.9bn Nationwide deal

Virgin Money's largest independent investor has slammed the bank's board for accepting a bid from Nationwide, saying it is "likely to sell shareholders very short".

Post Office boss denies ‘covering tracks’

Rod Ismay denies deleting emails about a 'back door' in Horizon

Teleworking in Japan falls after COVID; hybrid working on rise

The ratio of teleworkers in Japan continued to fall as the COVID-19 pandemic wanes while more turn to "hybrid work" combining remote work and in-office work, a fiscal…

Hair, groundnut oil exports see surprise surge

India's exports have seen rapid growth in various segments, including unprocessed human hair, copper wire, groundnut oil, smartphones, electronics goods, iron ore, parboiled rice, anti-cancer drugs, and small cars. However, there are declines in traditional sectors like cut and polished ...

Follow the yellow brick road

Gold prices were stagnant in early May, settling just above the US$2,300 threshold during the first weekend of the month, after briefing touching the lowest level since early April.

Pret owner JAB shifts focus to insurance after consumer strategy wobbles

New leaders say steady returns sector offers provide best fit for ‘permanent capital’ of Reimann family

News24 Business | OPINION | Could the AI boom go bust? Why markets may rage against the machine

As it turns out, the development of ever-bigger AI training models faces very real physical limitations, with tangible implications for investors, writes Nico Katzke.

‘GenAI impact to be unimaginable’: TCS chairman N Chandrasekaran makes important observation

N Chandrasekaran, the chairman of Tata Consultancy Services (TCS), highlighted in the annual report 2024 the significant impact that generative artificial intelligence (GenAI) technologies will have on various sectors and countries in the future.

Faisal Islam: Economy is getting better but people may not notice

Growth was stronger than expected, but millions of households are yet to feel the benefit.

The EU should call time on Russian LNG imports

With one more careful push, the bloc could wean itself off Moscow’s gas entirely

Investing in a Post Office Savings Scheme? Make sure PAN-Aadhaar details match - here’s why it’s important

Investing in a Post Office Savings Scheme? It is compulsory to submit PAN and Aadhaar details when investing in post office schemes. If any discrepancies are found, you may be unable to invest in these schemes

Lok Sabha Elections phase 4 bank holidays: Are banks closed on May 13 for voting day? Check city-wise list

May 2024 bank holidays: According to the Reserve Bank of India (RBI) holiday list, banks in certain constituencies where voting is scheduled will also be closed, although this does not apply to all areas.

Amazon plans to invest 1.2 bil euros in France

US e-commerce giant Amazon will invest more than 1.2 billion euros in France, creating more than 3,000 jobs, French President Emmanuel Macron's office said on Sunday. The money…

More Japanese workers turning to job resignation services

Unable to face going back to their jobs after the Golden Week holidays that ended in early May, an increasing number of Japanese workers are turning to private…

China reclaims top trading partner tag

In the last financial year, China surpassed the US to become India's biggest trading partner with trade valued at $118.4 billion. Imports from China rose by 15.7% to $101.7 billion, and exports grew by 3.8% to $16.7 billion. India's exports to the US increased by 17.7% to $77.5 billion, while ...

Top leaders as talent architects

As relentless disruption and innovation reshape the business landscape, will you merely admire the remnants of your organisation as a reflection of your life’s work, or will you step forward as the architect of its future talent destiny?

Unable to crack the housing market, I went looking for cocaine

No, I’m not contemplating becoming a drug dealer, but I will need something close to a lottery win to get me out of the rental rat race.

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

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

US shale companies accused of collusion over oil price

Wave of class action lawsuits come after regulators claim the industry conspired to curb production

Struggling Vodafone and BT to update the City on turnaround efforts

A highly competitive market, heavy debts, tight regulation and dividend cuts are to blame for Vodafone and BT's poor performance.

London Stock Exchange boss says IPOs on the way as Shein and Raspberry Pi ready floats

City grandees have cheered on a rebound for the beleaguered London Stock Exchange as fast fashion giant Shein and computer firm Raspberry Pi eye up blockbuster listings in the capital.

China’s economic rollercoaster: Consumer prices inch up in April amid lingering factory deflation

China's consumer prices rose for the third month in April, while producer prices continued to fall, highlighting ongoing economic challenges.

Air India Express Crew Resumes Duty; Services To Normalise By Tuesday: Report

The Air India Express is expected to resume full normalcy by Tuesday, May 14 after major flight disruptions due to the strike by cabin crew members.  

Mission rebuffs ‘opportunistic’ takeover bid from Social Chain owner Brave Bison

Mission Group has rebuffed a takeover proposal from fellow AIM resident and digital advertising company Brave Bison, which acquired Steven Bartlett-founded Social Chain last year.

Apple iPhone exports from India nearly double in April to $1.1 billion; may hit Rs 1 lakh crore mark in FY25

Apple's iPhone exports from India almost doubled in April, reaching $1.1 billion (Rs 9,000 crore) from $580 million in the previous year. India is becoming Apple's second manufacturing hub for iPhones outside China.

Changi retail operator selected to run Noida Airport duty free

Three charged with ‘assisting a foreign intelligence service’ related to Hong Kong

In a statement, the police said it was not related to a recent counter-terror operation linked to the Kremlin.

Team Internet: Digital marketing specialist reaffirms guidance as profit surges

Digital marketing specialist Team Internet has said it is on track to meet expectations for the full year on the back of steady earnings growth and a boost from a major acquisition last month.

Poundland’s profit slashed despite sales rising by £200m

Poundland's profits were slashed by almost £33m during its latest financial year despite its sales rising by nearly £200m, it has been revealed.

Why are private jets so irresistible to the country’s bigwigs?

City bigwigs and politicians seem set on using private jets to get around. Should we be up in arms or is it vital for efficiency?

Alastair Campbell’s PR agency holds back bonuses after Qatar’s late payment

A top London PR agency that counts Alastair Campbell as a senior consultant was forced to delay its staff bonuses after the Qatari government was late paying millions of pounds of fees.

London needs more than Kevin Costner’s ‘build it and they will come’ approach

“If you build it, he will come,” whispers the ghostly voice in Kevin Costner’s 1989 film Field of Dreams. It’s a mostly-misquoted line that’s been used to underpin scores of corporate and sporting turnaround efforts over the past 30 years.

Climate change doesn’t have to be a culture war issue

Protesters who vandalise our heritage make climate change a divisive issue. But when it comes to the environment, we all win or we all lose, says Frances Lasok When we are under pressure, our hands start shaking and our mind goes blank. That’s because when we’re scared our bodies flood with ...

Why we need an ambassador for London

London is the greatest city in the world, a mayor and a Lord Mayor aren’t sufficient to sing its successes on the international stage, says Eliot Wilson Two mayoral elections in three years have left London politics rancorous, mean and bitterly divided. The postponement of 2020’s election ...

Sensex, Nifty Tank In Early Trade On Foreign Fund Outflows; Tata Motors Down Over 7%

The 30-share BSE Sensex tanked 462.33 points to 72,202.14. The NSE Nifty declined 125.8 points to 21,929.40.

Lendlease vows to fight $112m tax bill as investors sell down shares

Investors downgraded the stock at a time when the global property giant is coming under pressure from other major shareholders to restructure the business.

Picking fights with social media giants seems to be ending in tears

Australia’s government and regulators have plenty of allies in their attempts to rein in the behaviour of platform owners – but it’s just not that easy.

‘Leaderless and depleted’ Star not ready for casino licence, inquiry told

Counsel assisting the NSW inquiry into The Star said it was clear the casino was not ready to operate independently and it should remain under external management.

Tamil Nadu Grape Farmers In Big Crisis Due To Sweltering Heat

K. Muniayndi, a farmer in Theni who has cultivated panneer thiratchai on around 10 acres of land, told IANS that due to high temperatures, there would be a drastic fall in the crop's yield.

Hedge fund Eisler Capital hit with legal challenge by London specialist headhunter

London-based investment firm Eisler Capital is facing a £388,800 legal challenge by a specialist hedge fund headhunter over alleged breach of contract

Unite Students: Uni accommodation group offloads six properties worth £184m

The company, which provides housing for 70,000 students across 23 UK cities, made the announcement to markets this morning, as it looks to align to the "strongest universities" instead.

SBI jobs: 85% of State Bank of India’s hiring for POs & associates in FY25 are engineering graduates

In fiscal year 2025, SBI targets to recruit 12,000 fresh faces, primarily engineering graduates, for diverse business roles. Heavy investment in technology training ensures a continuous supply of tech manpower, surpassing industry standards.

No more Aperol Spritz? Fever-Tree sets out to shake up the spritz market

Aperol Spritz, owned by Campari Group, has led the spritz market in recent years, but now Fever-Tree seems to be looking to chime in on the summer fun.

Nadhim Zahawi hired by billionaire Barclay family to chair The Very Group

Former Chancellor Nadhim Zahawi has been appointed by the billionaire Barclay family to chair The very Group.

Raiffeisen has been a rogue operator in Russia for too long

Austrian bank continues to make big profits in the country after Putin’s invasion of Ukraine

Could solar radiation management cool the planet? FT Rethink

As the FT’s Aime Williams explains, this niche solution to global warming could come with significant risks

Raisin turns first profit on surging customer deposits

German deposit broker doubles revenues to €158.5mn as retail customers chase higher interest rates

Zahawi takes on Very Group role days after quitting as MP

Nadhim Zahawi, the former chancellor, is to be named as chairman of one of Britain’s biggest online retailers, days after confirming that he would step down from parliament at the next general election.

What to stream this week: Billie Eilish and Zayn Malik albums, 'Bridgerton,' and 'American Fiction'

This week’s new streaming entertainment releases include new music from Billie Eilish and Zayn Malik, the Oscar-winning “American Fiction” lands on Prime Video and “Bridgerton” returns to Netflix. Josh Brolin leads “Outer Range,” a Western about neighboring ranchers battling for ...

Guess who’s back? RWA Tokenization

Tokenization of real world assets is finally seeing adoption by financial institutions. This time it’s different as the technology is more mature, regulators are supportive and there’s an increasing mindset on the topic.  For anyone following blockchain and Web3, the tokenization ...

Vast coin collection of Danish magnate is going on sale a century after his death

The vast coin collection of a Danish butter magnate is set to finally go to on sale a century after his death, and could fetch up to $72 million. Lars Emil Bruun, also known as L.E. Bruun, stipulated in his will that his 20,000-piece collection be safeguarded for 100 years before being sold. ...

FirstFT: Vladimir Putin replaces defence minister in unexpected shake-up

Also in today’s newsletter, Pret owner pivots to insurance and can Europe’s economy rival the US again?

Treasury finalising plans for Natwest share sale to accelerate privatisation

The Treasury is poised to unveil a multibillion-pound sale of a chunk of its remaining stake in Natwest in the coming weeks in a bid to accelerate its privatisation process and boost retail investment in the UK.

News24 Business | Months after SARS detained bunkering vessels, uncertainty about refueling still prevails

Recent comments from the South African Maritime Safety Authority indicate that ship-to-ship refuelling could continue in Algoa Bay this year.

Meet the fund manager: Finding the best ideas in the world

In this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Gerrit Smit, manager of the Stonehage Fleming Global Best Ideas Equity fund. How does your fund stand out from others in the same market? Stonehage Fleming ...

Cheers to that! Warm weather provides ‘welcome boost’ to UK’s pubs

The overdue sunny weather this weekend gave Britain's pubs a "welcome boost", leading industry figures have said, as revellers across the country soaked up the sunshine in beer gardens in London and across the country.

FTSE 100 today: London markets set to hold strong in bull rally ahead of UK jobs data

Asian markets started cautiously, while China's CPI rose for the third month. Investors now await US inflation data and Walmart's earnings.

Stock market today: Asian stocks drift after Wall Street closes another winning week

Asian stocks are mostly lower following the weekend release of weak China lending data. U.S. futures were mixed and oil prices fell. There were reports the Biden administration planning to raise tariffs on electric vehicles, semiconductors, solar equipment, and medical supplies imported from ...

Audi Q3 Bold Edition Launched In India; Check Design, Features And Other Details

The Audi Q3 Bold Edition retains the 2-litre turbo-petrol engine, delivering 190 PS of power and 320 Nm of torque.   

'Serious questions' for lenders over surge in ultra-long mortgages

Young home buyers are being forced to gamble with their retirement prospects by taking on ultra-long mortgages, according to a former pensions minister.

Wages grow more in 12 months than over previous 16 years

Wages have grown more over the past 12 months than over the previous 16 years, despite the productivity crisis plaguing Britain’s workforce, research shows. ]]>

Why arguing against prize money for Olympic athletes is irrational and outdated

It’s time for the rational brain to take over. These are not the beliefs of a modern, diverse and multi-ethnic society.

Long-haul carrier Emirates sees $4.7 billion profit in 2023 as airline takes flight after pandemic

The long-haul carrier Emirates says it saw record profits of $4.7 billion in 2023 as the airline fully took flight after the turbulent years of the coronavirus pandemic disrupted its operations. Emirates, owned by Dubai’s government, announced on Monday revenues of $33 billion, compared ...

Microsoft set to face EU competition charges over Teams software

Tech group’s effort to avoid action by unbundling videoconferencing app from its other software appears to have failed

Corporate watchdog investigates ANZ over government bond sale

ANZ acknowledged the Australian Securities and Investments Commission was investigating the bank’s execution of a 2023 bond issuance.

Seven out of India's top 10 wealthiest individual investors lost money in March quarter - check details

Seven out of India's top 10 wealthiest individual investors saw a decline in their wealth during the March quarter despite the Nifty gaining 3%. The Jhunjhunwala family's wealth in publicly traded companies exceeded Rs 50,000 crore for the first time. Find out more about the wealth fluctuations ...

Malaysia's Johor eyes Shenzhen-style hub with Singapore

Malaysia’s Johor state is proposing its economic and petrochemical hubs as the sites for a special zone with neighbour Singapore, as it aims to become the “Shenzhen of Southeast Asia,” according to a report in the Star.

This Week: Producer prices, inflation check, April retail sales

The Labor Department releases producer price data for April on Tuesday, and its April report on consumer prices on Wednesday. The Commerce Department releases its latest monthly tally of U.S. retail sales Wednesday.

Meet the Financielle founders helping women take back control of their money

Ambition A.M. meets the sisters-turned-business-partners duo behind the Manchester-based budgeting app Financielle.

Conservative MP Nadhim Zahawi appointed chair of The Very Group

Former UK chancellor to take up post at online retailer owned by Barclay family

Australian judge lifts court ban on X showing video of Sydney church stabbing

An Australian judge has lifted a ban on the social media platform X showing Australians a video of a bishop being stabbed in a Sydney church. The temporary ban was put in place on April 22, but the judge rejected the application from Australia’s eSafety Commission to extend the court order ...

China and ESG ETFs closures soar in the face of political backlash

Culls have been enacted despite surging enthusiasm for ETFs generally, with 58 successive months of global net inflows

Fast-growing Chinese retailer Miniso shifts expansion focus overseas

Finance chief says low-cost chain plans to open 600 stores abroad this year amid weak consumption in its home market

Scottish port redevelopment gets under way after £100mn credit injection

Ardersier near Inverness aims to become distribution hub for North Sea wind power

Seven companies granted royal warrants from Queen - so how much could their price premium be?

Seven companies have been granted the first royal warrants from the Queen - as a brand expert told Sky News the special status could allow them to charge a price premium for their products.

Exiled Hong Kong activist: HSBC ‘short-sighted’ for lobbying Sunak to ease China crackdown

A leading Hong Kong pro-democracy activist has called major firms like HSBC and Standard Chartered "short-sighted" for lobbying the UK government to ease its planned clampdowns on China.

Heathrow Airport slams Government despite busiest day for more than four years

Heathrow Airport's busiest day for more than four and a half years helped passenger numbers continue to rise in April, according to new figures.

Priced Out of Housing, Communities Take Development Into Their Own Hands

Across the country, neighborhood groups are uniting to fund mixed-use developments that meet housing and business demands, giving locals a place to live, work and learn new skills.

London’s Pizza Pilgrims chain has record year as it seeks bigger UK slice

London-based Pizza Pilgrims has reported record results as it continues its expansion plans into Scotland and Wales.

With 'bleisure' and fewer workers, the American hotel is in recovery

A new type of traveler is part of the post-pandemic reset at U.S. hotels, along with fewer daily cleanings and pancake-slinging machines.

Ultimate Performance strikes deal with buyout firm Inflexion

Ultimate Performance, an upmarket health and fitness platform, has struck a deal to fuel its expansion by selling a stake to Inflexion, the private equity firm.

Amazon's self-driving robotaxi unit Zoox under investigation by US after 2 rear-end crashes

Amazon’s self-driving robotaxi unit is being investigated by the U.S. government’s highway safety agency after two of its vehicles braked suddenly and were rear-ended by motorcyclists. The National Highway Traffic Safety Administration said in documents posted on its website Monday that ...

The paradox of ‘sustainable bitcoin’

Also in today’s newsletter, some top banks are still expanding in fossil fuel finance, says a new report

McIlroy says ‘stars are aligning’ as he eyes end to 10-year major drought at US PGA

Attention now turns to Valhalla, scene of his last major triumph at the 2014 US PGA Championship.

Tribunal approves Stagecoach £25m settlement in train fare class action

Stagecoach South Western Trains have agreed to pay a class action up to £25m in settlement, bringing an end to its five year dispute.

Number of new homes built in 2024 plunges by a fifth in blow to government house building targets

"Rises in the Bank of England's base rate have driven mortgage rates higher, leading to a drop in new home purchases and a slowdown in house price growth," Steve Wood, chief executive of the NHBC said.

Wind turbine port secures £100m credit boost from government-backed banks

A Highland port set to become an "offshore wind hub" has secured a £100m credit boost from UK and Scottish government-backed banks.

Takeda reaches $2bn deal to develop Alzheimer’s vaccine

Japanese pharma group takes on new jab that makes immune system attack dangerous protein build-up in brain

Debt Clinic sees surge in applicants in Q1

The number of retail borrowers seeking assistance via the central bank’s Debt Clinic programme surged by 43% in the first quarter, indicating a growing resolve among financially vulnerable individuals to address non-performing loans (NPLs).

Senior citizen FD rates: Banks offering up to 8.6% - check list here

Senior citizens can enjoy tailored FDs with higher interest rates at various banks, including DCB Bank, IDFC First Bank, Bandhan Bank, IndusInd Bank, YES Bank, and DBS Bank India. Rates apply up to Rs 2 crore.

Mercedes-Maybach GLS 600 And AMG S 63 4MATIC E Performance To Launch On May 22: Details

The new Mercedes-Maybach GLS 600 is expected to be powered by a twin-turbocharged 4.0-litre V8 petrol engine coupled with a 48V starter-generator integrated into the nine-speed automatic gearbox.   

Tata Motors Shares Tank Over 8%; Mcap Declines By Rs 29,016 Crore

Tata Motors on Friday reported an over three-fold jump in consolidated net profit at Rs 17,528.59 crore in the fourth quarter ended March 2024, riding with all its three auto businesses delivering a strong performance, especially the British arm Jaguar Land Rover.

News24 Business | Illegal wildlife trafficking is stubbornly prevalent - UN report

Illegal trafficking of plant and animal wildlife remains stubbornly prevalent, and it is critical governments focus on more than just "iconic" species like elephants, where progress had been made, according to a UN report.

BBVA could raise offer for Sabadell by selling TSB, analysts say

Analysts have argued Spanish banking giant Banco Bilbao Vizcaya Argentaria (BBVA) could raise its hostile takeover bid for smaller domestic rival Banco Sabadell by selling its UK arm TSB.

Britain’s bad bosses finally show some signs of improvement

"Bad managers are an area in which Britain stands out," the Resolution Foundation said in its Ending Stagnation report.

Platinum supply shortfall could drive price rally, says industry body

Report shows second year of deficit as miner Anglo American rejects rival BHP’s offer that includes plan to spin off platinum assets

Mercedes-Benz workers in Alabama begin union vote amid pressure from all sides

Workers at Mercedes-Benz in Alabama start voting this week on whether to join the United Auto Workers union. Last month, Volkswagen workers in Tennessee voted overwhelmingly to unionize.

'Disastrous impact' if BBC allowed to run ads on podcasts, rivals warn

The BBC's plans to run adverts on its podcasts would have a "disastrous impact" on the UK's media market, businesses have warned.

Japan's SoftBank Group trims investment losses but remains in red for fiscal year

Japanese technology company SoftBank Group says it trimmed its losses for the fiscal year through March to about a quarter of the red ink it racked up a year earlier, as investment losses declined. SoftBank Group said Monday that its annual sales rose 2.8%, while losses for the fiscal year ...

Illness took away her voice. AI created a replica she carries in her phone

Artificial intelligence voice-cloning technology carries so many risks of harmful impersonation that major technology companies are wary of letting people use it. But a team of Rhode Island doctors and their 21-year-old patient found that it can also hold tremendous benefits. Alexis Bogan felt ...

Inside the Boy Scouts of America rebrand

BSA CMO Michael Ramsey shares how his organization is talking about its rebranding as Scouting America with the help of AOR FleishmanHillard.

News24 Business | Vodacom slips 3% as profits take hit from Egypt devaluation, higher interest rates

Shares in SA's biggest mobile operator Vodacom slipped on Monday morning when it reported a sharp rise in revenue, but a double-digit fall in its dividend.

Asda to create new ‘town centre’ and build 1,500 homes in London

UK supermarket is latest retailer to push into residential property in deal with Barratt Developments

Who is afraid of the SEC? Not Robinhood investors

Investors should not be so quick to dismiss the regulatory risks

Srettha favours name change for Hua Hin airport

Prime Minister Srettha Thavisin is considering changing the name of Hua Hin airport to Phetch-Hua Hin, to also better promote the adjoining province of Phetchaburi.

Paytm Focuses On UPI Lite Wallet For Low-Value Daily Payments

The company partnered with leading Payment System Providers (PSPs), such as Axis Bank, HDFC Bank, State Bank of India (SBI), and YES Bank that will ensure a robust and reliable framework for your UPI transactions.

Income tax return filing AY 2024-25: 3 updated utilities available for ITR-3; here’s how to choose the right one for you

The Income Tax Department streamlines ITR filing for FY 2023-24 with various utilities. Taxpayers have until July 31, 2024, to file returns. Different utilities cater to diverse taxpayer needs, offering online, offline, or Excel-based options.

M&S chair: ‘Gove never engaged with us on Oxford Street ruling’

"One year, at the whim, really, of a Secretary of State, who's been found to have made his judgement wrongly on five different counts by the High Court.

U.S. Awards $120 Million to Polar Semiconductor to Expand Chip Facility

The grant is the latest federal award in a series stemming from the CHIPS and Science Act meant to ramp up domestic production of vital semiconductors.

An Inflation Test Looms Over the Economy and the Election

The pivotal Consumer Price Index report is set to be published on Wednesday as the window for interest-rate cuts before November is closing.

Baht likely to face near-term volatility

The baht is likely to be volatile in the near term, pending clear signs from the US Federal Reserve (Fed) concerning interest rate cuts, with the Thai currency expected to slide to 37.25 baht to the dollar within 1-3 months, bouncing back to 36 to the greenback by yearend, says Kasikorn ...

SBI becomes the first bank as trading, clearing member of IIBX

Roaring Kitty is back and so are meme stocks, GameStop surges 40%

The man at the center of the pandemic meme stock craze returned to the social platform X for the first time in three years and sent prices of those stocks surging overnight. Keith Gill, better known as “Roaring Kitty,” posted an image on Sunday of a man sitting forward in his chair, a meme ...

Intel exec on bringing artificial intelligence into the workplace

Artificial intelligence is just about everywhere you look these days — including the workplace. That means training staff on the technology and using it responsibly is critical. It’s a tall order, especially as the commercialization of generative AI continues its rapid growth. Some tech ...

Savoy Palace hotel in Madeira: Fun in the Portugal sun

You can find island life a short hop from London in Portugal’s sunny Madeira. Here's how to do it.

SME lender Simply Asset Finance posts record revenue as small firms shun big banks

Specialist lender Simply Asset Finance has posted a record annual revenue as small and medium-sized enterprises (SMEs) turn away from big banks for funding.

practice

Put it into practice: Getting everyone on the same page about what clear, inclusive and caring communication looks and sounds

Candace Chellew

I've had my share of bad bosses over the years, and we often remember them more readily than the good bosses.

Are US interest rates high enough to beat inflation? The Fed will take its time to find out

The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year. A major concern expressed by both Fed ...

DTP achieves rising UK hotel revenue in successful overseas investment

DTGO Prosperous Limited (DTP), an investment and financial manage-ment company within DTGO, posted results for its 17 UK hotels, operated by a Singapore-listed subsidiary, with strong growth and average occupancy now near 80%. Tourism has seen a rapid post-COVID rebound in the UK, one of the ...

News24 Business | WeBuyCars suffers loss as JSE listing costs bite, but sales hit new record

Vehicle dealer WeBuyCars said on Monday that while its April listing in the JSE resulted in a half-year loss, it's still pleased with its operational performance and has managed to cut its debt by a fifth.

News24 Business | Not again: SA internet disruption caused by new cable fault days after old ones fixed

Internet services were disrupted in South Africa, and a host of countries on the east coast of the continent, as two subsea internet cables experienced a fault at the same time on Sunday.

India will give birth to Morgan Stanley, Merrill Lynch, JPMorgans in the coming years: Raamdeo Agrawal, Motilal Oswal group

Raamdeo Agrawal, the Chairman of Motilal Oswal group has said that India is going to give birth to Morgan Stanley, Merrill Lynch, a big JPMorgan or big asset management company with a serious scale.

Solar Storm Disrupts Some Farmers’ GPS Systems

The storm interfered with navigational systems used in tractors and other farming equipment, leaving some farmers temporarily unable to plant their crops.

Long-term sickness now top reason for women being out of work

Long-term sickness has become the main reason for women being out of work, according to research by one trade union.

London Stansted has busiest month ever as airlines brace for summer getaway

London Stansted Airport has reported its busiest month of passenger traffic ever as the summer season kicks off.

Inside the relaunched plans to create 8,000 jobs next to Manchester Airport

Plans to create up to 8,000 jobs next to Manchester Airport have been relaunched and rebranded.

US and China to hold first talks to reduce risk of AI ‘miscalculation’

Tuesday’s meeting in Geneva part of ‘intense diplomacy’ to head off danger of ‘unintended conflict’

KPI Green Energy board okays plan to raise up to Rs 1,000 crore

Zomato Posts Q4 Consolidated Net Profit At Rs 175 Crore

The company had posted a consolidated net loss of Rs 188 crore in the same quarter last fiscal, Zomato Ltd said in a regulatory filing.

Zomato Q4 results: Firm reports Rs 175 crore profit vs Rs 188 crore loss YoY; shares close in red as earnings miss expectations

Zomato's Q4 profit of Rs 175 crore marked a significant turnaround. Revenue reached Rs 3,562 crore, missing estimates. Blinkit achieved EBITDA positivity, but Zomato's stock declined over 7% on NSE.

SoftBank’s Arm should give Son a hand in AI

The UK-based chip designer could lower the risk of SoftBank’s failed bets

US is skulking behind EV tariff walls

Joe Biden’s new electric vehicle levies are symbol, not substance

April CPI inflation eases to 4.83% vs 4.85% in March 2024

April 2024 CPI Inflation: The Consumer Price Index (CPI) inflation for the month of April eased to 4.83%. The rural inflation was reported at 5.43% and urban inflation came in at 4.11%. The CPI inflation for the month of March 2024 stood at 4.85%.

Busy claims year drives demand for risk professionals in London insurance market

Vacancies for risk professionals in insurance companies are on the rise as the sector battles yet another busy claims year

Aston Martin Vantage 2024 review: From sports car to supercar

The new 665hp Aston Martin Vantage is gunning for McLaren and Lamborghini. Tim Pitt drives it on the road and racetrack.

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

Inside the Boy Scouts of America rebrand; Burson names Adrian Warr South Asia-Pacific CEO.

Software company Squarespace being taken private by Permira in $6.9 billion deal

Software company Squarespace is being taken private in an approximately $6.9 billion all-cash deal with private equity firm Permira. Squarespace shareholders will receive $44 per share for each share they own. A special committee of the Squarespace board of directors unanimously approved and ...

Former O2 and Pizza Express boss takes chairman seat at Gaucho-owner Rare Restaurants

Hospitality grandee David Campbell is to take the chairman's role at Rare Restaurants, the group behind the Gaucho and M restaurant brands.

Plans for an Asda ‘town centre’ linking London’s Old Oak and Park Royal

The Issa brother-owned grocer has entered into an agreement with developer Barratt, on a Brownfield site, currently home to a superstore, marking a "significant milestone" for the firm.

Anglo American rejects second BHP takeover bid – this time worth £34bn

Anglo American has rejected a second takeover bid from BHP - this time worth £34bn.

Crooked Bridgeport bank board member George Kozdemba sentenced to prison in Washington Federal Bank failure

Small, well-built Chinese EV called the Seagull poses a big threat to the US auto industry

LIVONIA, Mich. (AP) — A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling. The car, launched last year by Chinese automaker BYD, sells for around $12,000 in China, but drives well and is put together with craftsmanship that rivals U.S.-made ...

Microsoft pledges $4.3 billion investment at Macron’s ‘Choose France’ summit

Microsoft has announced its most substantial commitment yet to France. The company pledged on Monday to invest 4 billion euros or $4.3 billion this year to bolster the country’s burgeoning artificial intelligence sector. This move is part of a broader effort unveiled during President Emmanuel ...

News24 Business | Telkom hit by massive internet outage

Telkom is investigating the cause of a massive service interruption affecting the company’s internet and phone call services.

SIFMA calls for OTC derivatives capital rule exemption

Over-the-counter derivatives clearing should be exempt from the bank capital rules proposed in the Basel III endgame, SIFMA h -More- 

FSOC: Nonbank mortgage firms risk financial stability

Nonbank mortgage companies create risks that could hurt financial stability, according to a Financial Stability Oversight Cou -More- 

Donald Trump audited by IRS for double-dipping tax breaks on Chicago Trump Tower, New York Times, ProPublica report

Greece's prime minister in Turkey for talks as the regional rivals seek to improve relations

ISTANBUL (AP) — Greece's leader arrived in Turkey's capital on Monday for talks with President Recep Tayyip Erdogan as both countries pursue a normalization program and seek to put aside decades-old disputes. Greek Prime Minister Kyriakos Mitsotakis was welcomed by Erdogan and a military ...

Five States Including Karnataka Show Interest In Implementing Aadhaar-Based Authentication For GST Registration

Goods and Services Tax (GST) authorities have so far been using OTP-based Aadhaar authentication to establish the identity of the applicants, seeking registration.  

Higher wage growth has not fuelled inflation – but it will if productivity does not improve

Despite stronger real wage growth, productivity - which measures workers' output per hour - has actually deteriorated in the past year.

News24 Business | Glencore's Astron Energy inks a 10-year extension of its FreshStop partnership

Glencore’s Astron Energy has struck a 10-year partnership extension with FreshStop at its forecourts, to continue a relationship that began in 2009 when the retail brand was first rolled out at Caltex stations.

Emirates Group logs record profits of $5.1 billion

Dubai-based Emirates Group announced record annual profits of $5.1 billion — a 71% increase from last year — based on strong customer demand.

Permira to take website builder Squarespace private in $6.9bn deal

Move underlines trend for private equity firms to buy back IPOs that have ‘flopped’

BHP can’t pay enough to force Anglo to do the heavy lifting

Anglo could restructure itself and reap potential rewards without the overhang of BHP’s deal

Explainer-in-brief: Civil servants banned from wearing ‘politicised’ lanyards

'Common sense minister' Ester McVey is cracking down on "pointless job creation" and banning lanyards as part of Civil Service reform.

News24 Business | Steel sector reaches speedy three-year wage deal - which includes housing for the first time

Numsa has announced its workers will receive a 7% wage increase for the 2024/25 financial year after reaching an agreement with employer association, Seifsa.

Bond market braces for April inflation report

Bond traders are awaiting April's consumer price index, due Wednesday.  -More- 

Recession concerns boost S&P 500 companies

The 459 companies in the S&P 500 that have posted first-quarter results have reported profits 8.4% higher than expected on av -More- 

Decarbonising transport, tech investment and mining takeover

On Ian's show he talks to Lynn Calder, the chief executive of Ineos Automotive, about decarbonisation in transport.

Melinda Gates to Resign From Gates Foundation

The Bill and Melinda Gates Foundation is recognized as one of the most powerful organizations in global philanthropy, in fields like global health and early-childhood education.

Anglo American rejects improved £34bn offer from BHP

Australian miner increased all-share share offer by 15% but was rebuffed by UK rival

News24 Business | Anglo rejects BHP's new and improved takeover proposal

The proposal values Anglo at R780 billion and still requires the SA assets to be spun out.

More than 500 workers at nuclear power station to strike over pay

More than 500 nuclear power station workers will walk out this week amid a row over pay.

Ketchum’s Michael O’Brien joins 5W as global CEO as Dara Busch exits

O’Brien had worked at Ketchum for more than 20 years over two stints.

Carbon capture: How to turn air into clean fuel

Researchers are pushing the boundaries of green methanol. Besides being used by industry, soon it could power cars and ships. But can transforming CO2 into a clean fuel ever replace gasoline?

Dedicated civil service equality jobs face axe, ‘common sense’ minister announces

Civil service jobs solely dedicated to equality, diversity and inclusion (EDI) are set to be axed, the minister for ‘common sense’ has announced.

The SIFMA Podcast: Why the Basel III endgame must be re-proposed

In this episode of The SIFMA Podcast, SIFMA's Joseph Seidel and Dr.  -More- 

Tata Motors shares slip over 8%; market capitalization decline by Rs 29,016 crore

BMW 3 Series Gran Limousine M Sport Pro Edition Launched At Rs 62.60 Lakh; Check Details

The Gran Limousine M Sport Pro edition showcases a sportier design with blacked-out elements like the kidney grille and gloss-black rear diffuser. 

Gamestop shares rocket as meme stock rally engineer ‘Roaring Kitty’ returns

Gamestop shares soared as high as 110 per cent on Monday after the engineer of the meme stock rally, "Roaring Kitty," returned.

Ex-pensions minister: ‘Serious questions’ for lenders as ultra-long mortgages surge

Young homebuyers are at risk of falling into poverty in older age, a former pensions minister has warned, as fresh data suggests more than one million new mortgages over the last three years were issued with end dates beyond the state pension age.

Mumbai Airport Resumes Operations After One Hour Suspension Due To Dust Storm

According to Mumbai International Airport Limited (MIAL), due to the inclement weather and dust storms in the city, Chhatrapati Shivaji Maharaj International Airport (CSMIA) temporarily suspended flight operations for around 66 min due to low visibility and gusty winds.  

Book Review: 'Challenger' is definitive account of shuttle disaster and missteps that led to tragedy

Adam Higginbotham writes the history of the 1986 space shuttle Challenger disaster in “Challenger.” In his review, The Associated Press' Andrew DeMillo writes that Higginbotham provides the most definitive account of the explosion that killed all seven onboard. It also explores the missteps ...

US, Japanese banks lead fossil fuel financing

The world's biggest banks financed fossil fuels to the tune of $705 billion in 2023, with US and Japanese lenders leading the way, an annual report by climate campaigners said Monday. Since the 2015 Paris climate agreement, the top 60 banks have provided a total of $6.9 trillion to the sector, ...

GameStop shares soar as ‘Roaring Kitty’ resurfaces

Stock almost doubles following first post in nearly three years on the X account of trader at centre of ‘meme stock’ craze

News24 Business | Raubex rockets 12% as it reports jump in its order book, reasons for optimism

Construction, infrastructure and materials group Raubex lifted almost 12% on Monday when it reported that a strong and growing order book has put it in a position to up its shareholder payout by more than a fifth.

The creative industries are vital to British soft power

Advertising, marketing, film, TV and other creative industries not only shape the culture and ethos of our city, they project Britain to the world, says Ruth Mortimer Is the UK still a creative superpower? The last year has been marked by war, economic and technological disruption. With ...

Bumble removes ‘vow of celibacy’ ads following backlash

Bumble said it has heard criticism of the ad and is removing it from a global campaign.

News24 Business | SA needs around 100 000 affordable homes a year to keep up with population growth - Calgro M3

SA probably needs 100 000 new affordable residential units a year just to keep up with annual population growth of nearly half a million, says Calgro M3.

Nadhim Zahawi’s ex-lawyer from Osborne Clarke referred to disciplinary tribunal

Nadhim Zahawi's lawyer from Osborne Clarke who made headlines after threatening Dan Neidle with libel now faces a Disciplinary Tribunal

'I'm stuck in my flat due to £4k service charge'

Kasun Kalirai would not have put his flat on the market had it not been for rocketing service charges.

News24 Business | Driverless iron ore train derails in Australia

Rio Tinto said on Monday an autonomous train had derailed at its Western Australian iron ore operations overnight and that it was investigating the incident in which no one was hurt.

CFTC moves to tighten rules on events contracts

The Commodity Futures Trading Commission has moved to expand the number of event contracts it prohibits due to public interes -More- 

China to start sale of $138B long-term government bonds

China will begin selling the first batch of its $138 billion in ultra-long sovereign bonds at the end of this week as it move -More- 

BoE's Pill: Focus on June rate cut "ill advised"

Pricing in a rate cut when the Bank of England meets in June "is a little bit ill advised," said Huw Pill, the central bank's -More- 

Barclays, BofA split on muni bond rally

Barclays and Bank of America have differing outlooks for the municipal bond market.  -More- 

High rents set to challenge inflation reduction

The Federal Reserve has been waiting for housing prices to slow for around a year and a half, and analysts are concerned the  -More- 

Coutts: Prime London property prices to rebound as inflation subsides

A cocktail of macroeconomic factors meant there was a 3.9 per cent drop in prime London prices in the last quarter.

China and US envoys will hold first top-level dialogue on artificial intelligence

High-level envoys from the United States and China are set to meet in Geneva for talks about artificial intelligence including the risks of the technology and ways to set shared standards to manage it. The meeting Tuesday is billed as an opening exchange of views in an inter-governmental ...

Stock traders go on trial in multibillion dollar collapse of Archegos fund

A federal jury in Manhattan is set to hear the criminal case against Archegos Capital Management founder Bill Hwang and his former financial officer, Patrick Halligan. Both have pleaded not guilty to charges that they lied to banks and brokerages, enabling their private investment firm to grow ...

Insurance battles over UK Covid lockdowns rage on in courts

Businesses across hospitality sector have brought dozens of cases in bid to recover some losses

London’s most respected ad guru on why data giants Publicis and WPP have it wrong

The former chief of operations at Publicis says brands that still launch with a TV ad and a poster blows his mind.

Chinese solar firms pull out of tender after EU anti-subsidy probe

Two bidders for Romanian photovoltaic park withdraw a month after Brussels launched investigation

Monday evening news briefing: Border Force official and former Royal Marine accused of spying

Inflation expectations climb; delay in rate cuts possible

Expectations for inflation in the year ahead have increased to 3.5% this month from 3.2% last month, reaching the highest lev -More- 

Execs voice private credit concerns at Milken conference

Financiers at the Milken Institute conference in Los Angeles last week expressed concerns both privately and in panel discuss -More- 

Lack of penalties, oversight erode confidence in audits

Recent accounting scandals involving multi-billion-dollar companies highlight a regulatory system with limited consequences f -More- 

Should CPA requirements be loosened to boost talent pool?

The dwindling numbers of accountants and the high costs and time required to become a CPA are raising concerns among finance  -More- 

Vertex shifts away from renewable fuels amid margins drop

Ongoing macroeconomic challenges have prompted US refiner Vertex Energy to suspend renewable diesel production at its refiner -More- 

US oil production stability hinges on Permian growth

Permian Basin crude output growth will help compensate for declines in mature basins such as the Eagle Ford and Bakken Shale  -More- 

2024 COS Forum, Sept. 26, Houston, Texas

Please join the Center for Offshore Safety at its Twelfth Annual COS Forum.  -More- 

Argentina will get next installment of bailout as IMF praises Milei's austerity policies

The International Monetary Fund, Argentina’s biggest creditor, has agreed to release the next tranche of loans due under a bailout program. The move is an endorsement of Argentine President Javier Milei’s severe austerity measures that even surpass the terms of the IMF's $43 billion loan. ...

US airlines are suing the Biden administration over a new rule to make certain fees easier to spot

U.S. airlines are trying to kill a new rule requiring them to disclose fees more quickly when consumers shop for flights. The airlines filed a lawsuit in federal appeals court against the Transportation Department, which issued the rule last month. It requires better disclosure of fees ...

GameStop surges after meme stock investor 'Roaring Kitty' resurfaces online

Shares in the video game retailer more than doubled at one point after a prominent meme stock investor made his first online posting in about three years.

Lemonade Pet Insurance review: Pros, cons, and pricing

Lemonade offers cheap pet insurance rates, but shoppers might encounter age and location restrictions. Learn more in our Lemonade Pet Insurance review.

Workers in Atlantic City casino smoking lawsuit decry 'poisonous' workplace; state stresses taxes

A group of Atlantic City casino workers has asked a judge to ban smoking in the gambling halls, citing the toxic effects of working there. New Jersey officials said that ending smoking could jeopardize a half-billion-dollar pot of money for senior citizens and the disabled. Superior Court Judge ...

Apollo and Intel enter talks to finance $11bn chip plant in Ireland

Discussions come as private capital groups are increasingly tapped by large corporations to fund expansions

ASX set for flat start on budget day as Wall Street edges lower

US stocks are drifting around the edge of their record heights to kick off the week.

Hess investors advised to abstain from vote on $53bn Chevron deal

Dispute with ExxonMobil over oil-rich Guyana block cited as source of uncertainty by advisory firm ISS

Marvel Rivals apologises after banning negative reviews

The game's developers said the controversial terms gamers were told to agree to was a miscommunication.

OpenAI to begin rollout of most advanced ever ChatGPT

The new version of the ChatGPT AI chatbot has been unveiled and offers near-instant results across text, vision and audio, according to its maker.

Alert: US blocks Chinese-backed crypto miner from owning land near Wyoming nuclear missile base

US blocks Chinese-backed crypto miner from owning land near Wyoming nuclear missile base.

Military spouses overlooked in the workforce

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

The importance of revenue diversification

Startups should avoid having one customer who accounts for the bulk of their revenue, which leads to becoming an "outsourced  -More- 

AI can help with mundane tasks for professionals

AI is already being used to boost productivity by taking over mundane tasks such as generating notes for doctors or researchi -More- 

US ups the ante on Chinese EV imports

Also in this newsletter: Microsoft suffers new EU blow, fossil fuel finance, US voters’ inflation fears

Demand for CME WTI crude grade futures hit fresh high

Demand for CME's WTI crude grade futures has hit a fresh high, recording an average daily volume of 17,800 in April, a 54% in -More- 

Baker Hughes: US rig activity down last week

The US oil and natural gas rig count has retreated for a third consecutive week, falling by two to 603 last week, the lowest  -More- 

Melinda French Gates resigns as Gates Foundation co-chair, 3 years after her divorce from Bill Gates

Melinda French Gates announced Monday that she will step down as co-chair of the Bill & Melinda Gates Foundation. She helped found the foundation more than 20 years ago with her ex-husband Bill Gates. It's now one of the largest philanthropic foundations in the world. In a post on X, French ...

News24 Business | Solar storm brought rarely seen aurora to SA - but may have caused internet cable outage

This weekend's extreme solar storm brought a rare aurora sighting to South Africa for the first time since 1989 - but also may have been the reason for an internet outage that hit SA and several east African countries on Sunday.

John Fury bleeding as Tyson seen on crutches ahead of Usyk bout

The build up to Tyson Fury’s fight against Ukrainian Oleksandr Usyk got off to an explosive start in Riyadh with the Brit’s father John allegedly headbutting one of the opposition crew. Tyson Fury was also seen in one social media video using what appeared to be crutches in Saudi Arabia. ...

I don’t care about spoiling Arsenal’s title chances, says Tottenham boss Postecoglou

Postecoglou also rubbished suggestions that many Tottenham fans would rather lose the game.

Melinda Gates to exit Gates Foundation for own charity work

She is leaving the nonprofit she co-founded with former spouse Bill Gates and will get $18.9 billion for her own work to uplift women and families.

GM's Cruise to start testing robotaxis in Phoenix area with human safety drivers on board

General Motors’ troubled Cruise autonomous vehicle unit says it will start testing robotaxis in Arizona this week with human safety drivers on board. Cruise said Monday that it will validate the vehicles’ performance against safety requirements. Testing will start in Phoenix and gradually ...

OpenAI rolls out AI updates to GPT-4 as it seeks to get ahead of Google

Latest advances intensify competition among companies for an edge in emerging technology

SoftBank's new vision: Aggressive AI bets

SoftBank Group, based in Tokyo, announces intention to be more assertive in AI and chip venture following profitable second quarter. Net income exceeds expectations with help from investment gains and increase in Arm's stock. CFO Yoshimitsu Goto says the company's net asset value reaches record ...

I-T dept unveils new step to aid taxpayers

The income tax department introduces a new functionality in the Annual Information Statement (AIS) allowing taxpayers to view and confirm financial data affecting taxes. Taxpayers can provide feedback on displayed transactions to ensure accuracy. CBDT states that the system is operational for ...

Election effect: Sensex swings 1k pts as FPIs keep up selling

The Sensex experienced significant fluctuations, dropping almost 200 points before recovering and closing with a slight increase. Market sentiment is influenced by uncertainties related to polls and foreign fund selling activities. Foreign investors have sold stocks worth Rs 22,800 crore ...

Why Bristol Myers Squibb turned to Ted Danson to promote a plaque psoriasis treatment

Danson shared how he was self-conscious about the autoimmune condition in a campaign that launched last quarter.

Anti-fake review norms to be mandatory for e-commerce companies

The government is planning to enforce mandatory anti-fake review norms for e-commerce companies in order to safeguard consumer interests. Consumer affairs department intends to implement QCO for online consumer reviews following unsuccessful voluntary attempt to control fake reviews. The ...

Zomato to give up RBI licence for e-payments

Zomato announced on Monday that its subsidiary has chosen to voluntarily give up the authorization certificate it received from RBI to function as an online payment aggregator. "We do not see ourselves having a significant competitive advantage against the incumbents...," Zomato said. It also ...

Excess workload at the root of health-care crisis

Measuring and controlling staff workload is necessary to address burnout and improve care quality, write Patrick Neumann and  -More- 

Reflections

I was watching an old episode of Kevin Garnett’s Area 21 show, that included Gary Payton, Ben Wallace, Theo Ratliff and

Slow recovery predicted for venture capital fundraising

Fundraising by venture capital firms is on track to bring in less than $200 billion this year, down 48% from 2021's total, ac -More- 

Cityblock promotes Cath Anderson to CCO

Anderson joined the Google spinoff in 2021 as SVP of corporate communications.

Incyte, Squarespace rise; Chimera Investment, Amazon fall, Monday, 5/13/2024

Stocks that are trading heavily or have substantial price changes on Monday: Incyte, Squarespace rise; Chimera Investment, Amazon fall.

Ferrari hire two of Lewis Hamilton’s former Mercedes colleagues

Both men will join in October, just weeks before Hamilton makes his eagerly anticipated switch.

Geothermal energy in spotlight at OTC

Geothermal energy took center stage at the Offshore Technology Conference, where industry experts discussed strategies to adv -More- 

Is social media worth paying for?

As Twitter and Facebook both now offer paid subscription, what impact is it having?

Chris Tremlett: Grumpy Anderson the best seamer to ever do it

Jimmy Anderson, when he hangs up his spikes at Lord’s this summer, will retire as the world’s greatest seamer. There’s no argument to be had.  He will also still be known as the grumpiest bowler in the English game. There’s no argument there either. Anderson and I go way back, to the ...

Warning of 'terrible impact' on avocados - as food experts recommend alternative

You may like your smashed avocado on toast but a new report has revealed climate change is having a "terrible impact" on the popular fruit.

Cocoa prices plunge most in over 60 yrs

Cocoa futures in New York and London saw significant price drops due to predictions of wetter weather for major producers, leading to increased volatility in the market. The improved rainfall outlook is benefiting cocoa crops in key producing countries like Ghana, Indonesia, and Ivory Coast.

The Trump Trial on Cable TV: Play-by-Play and Drawings on an iPad

With no cameras recording Donald Trump’s criminal trial, anchors and producers are improvising to animate dramatic moments like Michael Cohen’s testimony.

4.8%: Retail inflation hits 11-month low

Retail inflation decreased to its lowest level in 11 months in April, driven by deflation in the fuel and light segment and reduced pressures on various other segments. However, food and beverages inflation remained high, hindering the possibility of interest rate reductions. Rural inflation ...

How major US stock indexes fared Monday, 5/13/2024

U.S. stocks drifted to a mixed close near their record heights. The S&P 500 ended little changed Monday and is less than 1% below its record set at the end of March. The Dow Jones Industrial Average slipped 0.2%, and the Nasdaq composite edged up 0.3%. Stocks have rallied this month on revived ...

Top startup sectors that will attract venture funding

With venture funding down across the globe, venture investors are focusing on startups that are working on environmental and  -More- 

AI startup funding could top $55B this year

Funding for AI startups is on pace to hit $55 billion this year, being the fastest growing category in the US already with $1 -More- 

U.S., Japanese banks lead fossil fuel financing

The world's biggest banks financed fossil fuels to the tune of $705 billion in 2023, with U.S. and Japanese lenders leading the way, an annual report by climate…

Long-haul carrier Emirates sees $4.7 billion profit in 2023

The long-haul carrier Emirates announced Monday it saw record profits of $4.7 billion in 2023 as the airline fully took flight after the turbulent years of the coronavirus…

Boeing's problems drag in U.S. aviation regulator as well

The U.S. Federal Aviation Administration, sharply criticized after the crashes of two Boeing planes in 2018 and 2019, is again being dragged into a maelstrom surrounding the major…

Melinda French Gates resigns as co-chair from the Gates Foundation

French Gates says she is "immensely proud" of the work of the Bill and Melinda Gates Foundation, and the decision to step down as co-chair was not easy. Her last day is June 7.

Is 'government crypto' a good idea?

Advancements in cryptocurrency networks are sparking conversations about the potential for Central Bank Digital Currencies, or CBDCs for short. Advocates for CBDCs think they would provide security and unlock more efficient fiscal policy actions. However, opponents believe they would provide ...

Cow dung's key role in India's energy industry

India is hoping that biogas, produced from farm waste, will curb its reliance on imported gas.

Pharmaceutical exec testifies in Zantac trial that drug was safe and effective

Wonderful Co. sues California over law aimed at making it easier for farmworkers to unionize

One of California's most influential agricultural companies has filed a lawsuit against the state to stop a contentious law that was meant to make it easier for farmworkers to unionize. Monday's legal action by the Wonderful Co. comes as it battles the United Farm Workers over a newly formed ...

JSCCIB puts forward 18 new projects

The Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB) has proposed 18 development projects in four provinces in the country's lower central region.

Bangkok occupancy rates bounce back in Q1

Hotel occupancy rates in Bangkok during the first quarter of 2024 bounced back close to pre-pandemic levels, primarily fuelled by an influx of Mice (meetings, incentives, conferences and exhibitions) travellers.

OpenAI Unveils New ChatGPT That Listens, Looks and Talks

Chatbots, image generators and voice assistants are gradually merging into a single technology with a conversational voice.

Researchers develop flood-reducing concrete with shells

A research team at the University of Central Lancashire in the UK has used crushed scallop and whelk shells to create sustain -More- 

The $50bn consumer giant piling into insurance

Plus, disgruntlement rises over foreign consultants in Saudi Arabia and takeover interest for UK firms hits its highest since 2018

Interior Dept. pledges $60M to Rio Grande conservation

The Interior Department will direct $60 million to water conservation and climate resilience projects along the Rio Grande Ri -More- 

Brainard: IRA provisions would be hard to dismantle

White House Council of Economic Advisers Chair Lael Brainard has shrugged off suggestions that a future Republican government -More- 

Biden Bans Chinese Bitcoin Mine Near U.S. Nuclear Missile Base

An investigation identified national security risks posed by a crypto facility in Wyoming. It is near an Air Force base and a data center doing work for the Pentagon.

Israeli economy moves toward normality despite the war

The Israeli economy suffered a major contraction following the October 7 attacks and subsequent war. However, it is beginning to show signs of recovery.

Chinese builder Agile defaults for first time on dollar bonds

Agile Group Holdings Ltd, a property developer based in Guangdong, China, has defaulted on its publicly issued dollar-denominated bonds for the first time. The company, which specializes in constructing villa apartments and high-rise residential buildings, failed to pay interest within the ...

Investors beware: BDCs show stress in private credit

BDCs have been criticised as instruments where external sponsors extract high fees and pursue asset growth over vigilant underwriting

Owner of Raptors and Maple Leafs in talks to seal buying French soccer club Saint-Étienne

Storied French soccer club Saint-Étienne is in exclusive talks for a sale to the owner of the Toronto Raptors and Toronto Maple Leafs. The club says in a statement the full purchase of the 1976 European Cup finalist by Larry Tanenbaum’s Kilmer Group should be ratified within weeks. It's four ...

Small Chinese EV called Seagull rattles U.S. auto industry

A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling. The car, launched last year by Chinese automaker BYD, sells for around $12,000 in…

Anglo American turns down BHP’s improved $64b takeover bid

BHP chief Mike Henry said he was “disappointed” after the sweetened bid was immediately rejected by the London-headquartered miner.

Spot Pet Insurance review: Pros, cons, and pricing

Spot is a solid choice for pet insurance, given its affordable rates, customizable policies, and robust coverage. Learn more in this Spot Pet Insurance review.

Bureau sees 15% hike in overall NPLs

The National Credit Bureau (NCB) recorded a 15% increase in overall non-performing loans (NPLs) in the first quarter of this year, primarily driven by auto and mortgage loan payment defaults.

Indeed's 1,000-worker layoff includes dozens at Bay Area office

Dozens of sales and computer science workers in Foster City will lose their jobs.

SCG unit ups presence in Vietnam

SCGJWD Logistics (SJWD), a unit of Siam Cement Group (SCG), has acquired International Vietnam Co for 193 million baht to further grow its business in Vietnam amid bright prospects for the logistics industry in Southeast Asia.

BBGI Fermbox Bio set to produce enzyme

Enzyme developer BBGI Fermbox Bio is preparing to produce an enzyme that can change agricultural waste into a variety of new products after being granted an investment incentive from the Board of Investment (BoI) to invest in the Eastern Economic Corridor (EEC).

HMD unit rolls out Pulse smartphones

HMD Thailand is executing a multi-brand strategy, expanding its product portfolio with the introduction of two new smartphones: the HMD Pulse Pro and HMD Pulse+.

CEP Renewables breathing new life into N.J. brownfield

CEP Renewables has remediated a brownfield site in New Jersey and started the process of converting the property into a 19-me -More- 

US and China look to cooperate on climate issues

The US and China have pledged to "intensify" their cooperation on the clean energy transition and participate in technical ex -More- 

US bans China crypto-miner from nuclear base area

Chinese firm MineOne Partners has been ordered to sell land it owns near a US nuclear missile site.

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

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

Economic hurdles of EU expansion into Eastern Europe

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

Bumble's billboard ads sneered at celibacy as an alternative to dating — and the company got stung

The dating app Bumble got stung after running billboard ads that appeared to sneer at celibacy as an alternative to meeting people online. The company backtracked Monday, apologizing for billboards that bore the message “You know full well a vow of celibacy is not the answer” juxtaposed ...

Calls to rekindle 'red car' service in Chiang Mai

Chiang Mai tourism operators are urging the local government to help revive the transport service provided by the province's iconic rot daeng ("red cars") as more passengers have switched to other forms of transport.

Future of Healthcare

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

Saudi Arabia grapples with tough choices over cost of flagship projects

The Line development scaled back as Riyadh reconsiders priorities and how best to fund its myriad investments

New medical technologies are here. But when will they reach your GP?

A synthesis of biology, data science and sociology — aided by artificial intelligence — is creating a pipeline of innovative treatments

Sarytogan gets nuclear green light for Kazakhstan graphite

Sarytogan Graphite says product purified to 99.999 per cent from its Kazakhstan project has met key content criteria to enable its use in nuclear reactors.

Roku will stream weekly MLB game on Sundays. Viewers won't need one of the service's devices

Roku will carry Major League Baseball games on Sundays beginning this week. Viewers will be able to watch for free and not be required to use a Roku device. Roku secured multi-year rights for MLB Sunday Leadoff games beginning with the Boston Red Sox at St. Louis Cardinals on Sunday. The ...

Biden blocks Chinese-backed crypto miner from land ownership near Wyoming military base

President Joe Biden has issued an order blocking a Chinese-backed cryptocurrency mining firm from owning land near a Wyoming nuclear missile base. The order forces the divestment of property operated as a crypto mining facility near the Francis E. Warren Air Force Base. It also forces the ...

OpenAI launches GPTo, improving ChatGPT's text, visual and audio capabilities

OpenAI has introduced a new artificial intelligence model. It says it works faster than previous versions and can reason across text, audio and video in real time. GPTo, short for “omni,” will power the company’s popular ChatGPT chatbot and will be available to users, including those who ...

More hotels are catering to the 'bleisure' — business and leisure — traveler

"Bleisure" is a new term in hospitality, a combination of business and leisure travel. It's part of a post-pandemic reset of our travel habits.

US adopts new rules on power line rollout as electricity demand rises

Why Hong Kong should put debt restructuring back on the legislative agenda

Lawyers say more options are needed to resolve debt problems than simply ‘lose-lose’ liquidations

GOP attorneys general sue Biden administration and California over rules on gas-powered trucks

Dozens of Republican attorneys general are suing the Biden Administration and California over new limits on truck emissions. Nebraska Attorney General Mike Hilgers launched the effort against the environmental regulations Monday. EPA officials have said the strict emissions standards will help ...

True Digital Park banking on climate tech

True Digital Park, the largest tech and startup hub in Asean, continues its mission of accelerating innovation in climate tech towards Thailand's net-zero goal through fostering the growth of climate tech startups via collaborations with its partner network.

Snap, Scope3 develop sustainability metrics for ads

A partnership between Scope3 and Snap measures various formats and ad placements' carbon emissions and informs advertisers ac -More- 

California moves closer to requiring new pollutant-warning labels for gas stoves

The California Assembly has approved legislation that would require new gas stoves to carry a label warning users about pollutants that have been linked to respiratory illnesses. The proposal approved Monday would apply to gas stoves or ranges made or sold online after 2024, or sold in a store ...

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

FTSE 100 today: London markets to open higher on weaker UK jobs report

Asia markets mixed after lackluster Wall Street. Focus on UK jobs report, Fed Chair Jerome Powell speech, and Vodafone's earnings.

Investors place record £300mn bet against BT

New chief executive Allison Kirkby is battling to reverse a declining share price

Chinese car executive calls west’s claim of overcapacity a ‘fake concept’

Great Wall Motor’s international head defends China’s industry as it exports more vehicles amid slowing domestic demand

Kia Unveils Updated EV6 Electric Vehicle; Check What's New

The interior of the face-lifted EV6 features a larger panoramic curved display and ambient lighting with dynamic graphics.  

Kate Forbes and why we need more Christians in politics

The re-appointment of Kate Forbes is a welcome rebuke to false culture war divisions. In reality people want politicians with integrity who stand up for their beliefs, says Tim Farron After a year on the backbenches, Kate Forbes has re-emerged as the Scottish Deputy First Minister and Finance ...

Interest rate cut prospects threatened by pace of wage growth

The prospects for an interest rate cut next month have not been helped by the latest wage growth figures which have come in higher than expected.

Shadow boxing on as BHP eyes being crowned world’s copper king

Anglo American has rejected BHP’s second, higher takeover offer. But playing hard is getting harder.