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HDFC to allocate 6-7% of its budget for IT expenses

HDFC Bank's Parag Rao announced 6-7% IT expenditure allocation, focusing on capital and operating costs. The Pixel card for young customers launched via Payzapp, with investments in core infrastructure and customer servicing apps. Strategies include avoiding downtime, enhancing engagement, and ...

Insurance pushed for natural disasters

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

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

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

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

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

UK mining giant to offload De Beers diamond business

The announcement comes after Anglo American rejected a £34bn takeover bid from rival BHP.

Costumes at temples ignites trend

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

In trial over cancer claims, pharma executive questioned about proper storage, handling of Zantac

Firms prepare for next phase of CBAM

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

My emails look ludicrous, says ex-Post Office PR boss

During his time at the Post Office, Mark Davies presided over an aggressive media strategy.

Cabinet okays 10-year EEC visa for foreigners

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

Landlords 'holding parliament hostage' over threat of selling up - as peers urged to 'rescue' Renters Reform Bill

Landlords have been accused of "holding parliament hostage" with the threat of selling up to stop tenants' rights from being strengthened.

UK wage growth still high despite unemployment rise

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

Former Bay Area Tesla worker who sent 'So I raped you' text caught in France after search

The former Tesla employee and Bay Area native was caught after a three-year search.

Alert: Justice Dept. tells judge that Boeing has violated agreement that shielded it from prosecution after 737 Max crashes

Justice Dept. tells judge that Boeing has violated agreement that shielded it from prosecution after 737 Max crashes.

Superrich responds digitally to growing travel card threat

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

Line app operator shareholders may settle talks without stake change

Japanese and South Korean shareholders of LY Corp, the Tokyo-based operator of the popular Line messaging app, may conclude talks on reviewing their capital relationship without any plan…

CHROs' business optimism dips, survey suggests

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

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

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

Justice Department says Boeing violated deal that avoided prosecution after 737 Max crashes

The Justice Department has determined that Boeing violated a settlement that allowed the company to avoid criminal prosecution after two deadly crashes involving its 737 Max aircraft. It is now up to the Justice Department to weigh whether to file charges against the aircraft maker. Glenn Leon, ...

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

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

EU rebuffs UK attempt to continue collaborating on nuclear fusion experiment

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

Bumble apologises for anti-celibacy ad after backlash

The dating apps will remove adverts critics said shamed women who were not sexually active.

Coalition slams the billionaires’ budget as miners cheer

The likes of Andrew Forrest and Gina Rinehart’s companies will receive an indirect boost to mine and process critical minerals or develop green hydrogen.

How to crack the economics of EV charging

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

How IT companies are pressing staff to return to office

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

Consumer confidence falls for second month

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

Brazil’s lithium makes its presence known with silvery-white promise

Minas Gerais deposits of the mineral are turning a once forlorn region of the state into a prospecting hotspot

Gold-digging in South Beach

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

Brazil’s Lula government fires Petrobras chief after dispute over dividends

CEO of state-controlled oil major leaves job less than a year-and-a-half after being appointed by leftist leader

Vanguard chooses former BlackRock executive Salim Ramji as CEO

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

Watchdog to warn tech leaders over data protection in AI

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

Dispatch from Omaha: Berkshire after Warren Buffett

Reporting from the Berkshire Hathaway annual shareholder meeting in Omaha, Nebraska

Is Westminster leading a workplace revolution? The noes have it

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

German consumer confidence hits two-year high

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

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

YouTube Blocks ‘Glory to Hong Kong’ in the City

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

Record 3.1 million food bank parcels handed out in a year, says charity

A record 3.1 million emergency food parcels have been handed out in just a year, according to a charity.

Private equity’s capitulation is delayed, not cancelled

Efforts to delay exits may help firms avoid worst of a crunch, but the day of reckoning still beckons

Jack Sullivan: West Ham director on trophies, succession and creating a legacy

Jack Sullivan is the son of West Ham’s biggest shareholder David Sullivan. He was raised in and around the Hammers and is using his experience to forge his own business path. In a ranging interview; he talks about his family, West Ham and the future. If you were to ask any fan of West Ham [...]

Calpers to direct $25bn to green private market investments

US public pension plan says it will look at real estate, private equity and infrastructure

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

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

Wholesale inflation hits 13-month high

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

Swiftonomics strikes with Eras Tour set to spark £1bn spending binge

When the tickets were released last July, ticket sales sparked a 15.8 per cent increase in UK spending on entertainment.

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

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

Improving social mobility in the City is key to better business

Progress comes in many forms, and one of those is just gathering a lot of people in a room who care about the same thing. And so it was last night, with the gathering of the great and the good – and supporters – of Progress Together, the Square Mile initiative to improve the level [...]

Few Chinese Electric Cars Are Sold in U.S., but Industry Fears a Flood

Automakers in the United States and their supporters welcomed President Biden’s tariffs, saying they would protect domestic manufacturing and jobs from cheap Chinese vehicles.

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

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

OpenAI co-founder and chief scientist Ilya Sutskever departs

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

Mexican citizens were traveling to work at a Florida farm when a pickup hit their bus, killing 8

Officials say Mexican citizens were among those going to work at a Florida watermelon farm when the bus they were traveling in was hit and crashed, killing eight people. Alicia Bárcena, Mexico’s foreign relations secretary, said via the social media platform X on Tuesday that a tragic ...

China ‘dwarfs’ US investments in EU neighbourhood countries

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

Walmart lays off hundreds of employees and requires others to relocate

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

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

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

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

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

Marmota drilling to connect SA uranium jigsaw puzzle

Marmota is putting its Junction Dam uranium project jigsaw puzzle together, with a 114-hole drill program to test two geological targets at its Bridget deposit.

Justice Dept. Says Boeing Violated 2021 Settlement Over Max Plane

The department said that the company had failed to design and enforce an ethics program to prevent violation of U.S. fraud laws.

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

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

Brazil’s Brumadinho dam disaster reverberates for mining industry

Minas Gerais tragedy in 2019 has driven new global standard for safety and transparency, meanwhile the scars remain

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

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

European ports swamped with cars amid China EV offensive

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

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

Vietnam pledges more energy supply as chip race heats up

Hanoi acknowledges pressure from rival investment destinations Malaysia and India

Walmart lays off hundreds of employees and requires others to return to offices

Walmart on Tuesday announced layoffs affecting several hundred jobs at the retail giant’s campus offices. It also said it will require most remote workers and personnel in its…

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

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

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

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

Data centre tie-up unveiled to help local firms

Evolution DC Thailand Co has partnered with International Gateway Company Ltd (IGC), Thailand's leading telecom network provider, to open a data centre to enhance the competitiveness of Thai businesses in the fast-growing artificial intelligence (AI) era.

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

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

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

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

Why Labour was always going to have to compromise on workers’ rights

News that Labour is redrafting some of its pledges to transform workers’ rights is a sign the party is preparing to take the duty of governing seriously, Jessica Frank-Keyes writes

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

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

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

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

A turbine blade fell off in Norway: does the wind industry have a quality problem?

Manufacturers’ warranty provisions have climbed over the past five years after a rapid roll out

City minister: Pension funds need to start pumping cash into London’s stock market

UK pension funds need to start pumping cash into London’s stock market “fast”, the City minister will say today, in another warning shot at the sector as government tries to channel a wave of cash into the City.

Central Retail sees revenue rise by 6% in Q1

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

Brazilian niobium carves out an energy niche

US research highlights Chinese involvement in metal’s production

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

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

Sebi eases KYC compliance norms

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

Boeing breached MAX crash crisis criminal prosecution deal - US officials

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

Car Accidents On A Rise Due To Cattles; Key Tips To Be Safe While Driving

5 people were killed in a road accident in Tamil Nadu after trying to save cattle on the road.

How China is helping keep the Russian economy afloat

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

TBO Tek Shares Zoom 55 Pc In Debut Trade

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

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

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

Stock market today: Asian markets follow Wall Street higher ahead of key inflation update

Asian stocks have advanced after a rally on Wall Street took the Nasdaq composite to a record high. U.S. futures and oil prices also gained. Markets in Hong Kong and Seoul were closed for holidays. Investors were reviewing a mixed report on inflation and awaiting an even more important update ...

Latest SBI FD rates: State Bank of India raises fixed deposit rates by up to 0.75%; check list

SBI raises fixed deposit interest rates for retail and bulk deposits, with a significant increase for senior citizens. Rates go up by 75 bps for deposits below Rs 2 crore.

Top 7: The best spas in the UK and beyond

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

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

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

Finance minister and BoT chief to meet Thursday

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

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

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

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

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

Vertu Motors enjoys record revenue after bumpy year

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

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

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

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

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

Air India Express Operations Return To Normal After Major Flight Disruptions

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

Shawbrook Bank delivers steady lending growth as specialist focus pays off

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

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

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

Dine and dash couple hit my pizzeria, says owner

A restaurant owner says two fraudsters could have been stopped sooner after spotting them on CCTV.

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

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

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

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

Kolkata Metro Services Affected As Man Jumps Onto Tracks

Services on the Kolkata Metro's North-South Line were disrupted on Wednesday morning as a man allegedly attempted suicide by jumping onto the tracks, an official said.  

Burberry warns of tough first-half trading as profits fall sharply

UK fashion group seeks to overhaul brand as wider luxury market suffers downturn

How MSNBC’s Leftward Tilt Delivers Ratings, and Complications

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

News24 Business | Zim cabinet says more than half the country needs food aid as it reels from El Niño

Zimbabwe’s cabinet has said more than half of the nation’s population of about 15 million people will immediately need food aid until March next year, as the country reels from the impact of the El Niño weather phenomenon that’s already slashed corn output and led to a national state ...

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

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

Raspberry Pi confirms listing in boost for London

Raspberry Pi has said it plans to list its shares on the Main Market of the London Stock Exchange.

Uber’s food delivery buy should serve up more consolidation

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

AI Program Aims to Break Barriers for Female Students

A new program, backed by Cornell Tech, M.I.T. and U.C.L.A., helps prepare lower-income, Latina and Black female computing majors for artificial intelligence careers.

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

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

Vanguard names former BlackRock executive Salim Ramji as new CEO

People, Places and Things at Trafalgar Theatre: rehab laid bare

People, Places and Things is a damning analysis of the perils of an acting career combined with wobbly mental health

Asian markets follow Wall Street higher ahead of key inflation update

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

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

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

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

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

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

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

Burberry: Profit slips after tough year for luxury brands

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

Burberry profits slump as demand from Chinese shoppers wanes

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

New Zealand Probes Indian Spice Brands Over Contamination Concerns

The statement by MDH dismissed allegations from food regulators in Hong Kong and Singapore regarding the presence of pesticides.

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

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

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

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

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

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

Major Mission Group shareholder told to reject Brave Bison bid

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

Inside the Rent Inflation Measure That Economics Nerds Love to Hate

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

Senators urge $32 billion in emergency spending on AI after finishing yearlong review

A bipartisan group of four senators led by Majority Leader Chuck Schumer is recommending that Congress spend at least $32 billion over the next three years to develop artificial intelligence and also put safeguards around it. The group wrote in a new report released Wednesday that the U.S. ...

Now, Infosys prize only for those aged up to 40 years; Economics added as new category

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

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

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

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

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

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

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

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

Ray-Ban owner blames wet British summer for slower sales

"One of the wettest summers in recent history" dimmed the rise in sales at the owner of Ray-Ban in 2023, it has been revealed.

Experian: Strong consumer spending and mortgage demand drive solid growth

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

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

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

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

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

Thieves cut cables from 9 Tesla EV charging stations in California

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

Why Is Car Insurance So Expensive?

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

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

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

Inside OpenAI’s Library

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

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

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

Dart sharpens drill focus in Victorian gold hunt

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

How Are Dash Cams Useful During Insurance Claims? Expert Explains

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

News24 Business | Qatar confirms it will be buying stake in unnamed southern African airline

Qatar Airways is set to invest in an unidentified airline based in southern Africa in the coming weeks as it looks to expand its footprint in the continent.

A Big Plot Twist at OpenAI

Ilya Sutskever, a co-founder at the artificial intelligence start-up and one of the world’s leading researchers, is out, and Sam Altman’s control looks firmer than ever.

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

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

What to do If Traffic Police stop you? To Avoid Challan Do This

 Driving on the road comes with a set of rules that traffic police are out there to enforce. For violators, the consequences can range from fines to jail. 

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

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

London-listed Georgian banks’ shares tank after country approves divisive ‘foreign agent’ law

Both Georgia-focused banks listed in London saw their share prices crater on Wednesday after the country's parliament approved a divisive new "foreign agent" law, derailing what had been a strong performance for the lenders so far this year.

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

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

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

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

Slovakia plans to build a new nuclear reactor

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

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

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

'Unbelievably insulting': Bumble apologises for billboard ad campaign

Bumble has apologised after it appeared to make fun of celibate women in a new advertising campaign.

Inactivity, productivity and jobs: London’s economic disparities revealed in five graphs

London is the powerhouse of the UK economy, but within London there are considerable differences on economic performance.

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

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

The WNBA's challenge: How to translate the Caitlin Clark hype into sustained growth for the league

The stars have aligned for the WNBA with Caitlin Clark and Angel Reese joining the ranks of A’ja Wilson, Breanna Stewart, Diana Taurasi and others. The league is getting unparalleled attention. Now the challenge for the WNBA is to translate this hype and hoopla into a movement and not just ...

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

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

What to know about the latest inflation report.

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

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

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

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

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

Indian spices face heat over global safety concerns

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

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

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

Live Updates: Inflation Expected to Cool Slightly

Forecasters expect consumer prices to have climbed 3.4 percent in April from a year earlier, a slight moderation after some hot inflation readings this year.

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

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

Thames Water investors to quit boards amid spectre of bailout

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

News24 Business | Mineworkers Investment Company buys into Fitch & Leedes owner Chill Beverages

The Mineworkers Investment Company is part of a private equity-led consortium that has bought a majority interest in locally based Chill Beverages, whose brands include premium mixer Fitch & Leedes and Score energy drinks.

SourceCode launches AI-driven platform Amplify

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

Aadhar Housing Finance Shares End Over 5% Higher After Flat Debut In Early Trade

Aadhar Housing Finance Ltd's market valuation stood at Rs 14,055.92 crore.

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

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

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

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

Green hydrogen group Thyssenkrupp Nucera hit by drop in orders

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

Economic threats, record used car sales and a large investment in the UK

On Ian's show, JP Morgan Chase chief executive Jamie Dimon addresses tackling economic challenges posed by China.

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

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

Americans are struggling to pay off credit card debt; Tiny Desk Contest's 2024 winner

Nearly 1 in 5 Americans have maxed out their credit card borrowing, according to the Federal Reserve Bank in New York. Tiny Desk Contest crowns its 10th anniversary winner.

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

Airport operator’s 6-month profit up 400%

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

Low oil prices can’t stop the crude tanker boom

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

Planning to buy a house in Delhi-NCR? Even Rs 5 crore budget may not guarantee home in brand-new project in prime locality

In the Delhi-NCR real estate market, challenges for middle-class buyers persist as developers focus on high-value projects. With homes priced at Rs 6 crore and above selling out within hours of launch, developers are not inclined to launch smaller sized apartments.

LTC rules for central government employees: Eligibility, inclusions, special provisions and more details

The Ministry of Personnel, Public Grievances, and Pensions issues LTC guidelines for central government employees, including provisions for All India LTC, specific employee categories, and exceptions for Railway employees and Armed Forces.

The illicit trade with China fuelling Mozambique's insurgency

Illegal shipments of rosewood continue and some of the profit ends up with jihadists, research says.

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

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

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

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

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

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

How London won round Raspberry Pi

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

Return to the office on Mondays boosts catering group Compass

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

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

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

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

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

Where should we invest to beat inflation?

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

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

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

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

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

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

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

Republicans called for a tough stance on China. Are they happy with new tariffs?

NPR's Steve Inskeep speaks with Republican Rep. John Moolenaar of Michigan about the Biden administration's decision to increase tariffs on Chinese goods.

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

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

Brexit border IT crash delays fresh food imports by more than a day

IT systems failures at the UK border have caused major delays to fresh food shipments from the EU, with importers complaining of chaos at the busiest border post as lorries were delayed by more than 24 hours.

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

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

Daniel Křetínský lifts bid for Royal Mail owner

Improved proposal from Czech tycoon values the former UK postal monopoly at £5bn

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

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

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

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

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

Alert: Retail sales unchanged in April from March as inflation and higher interest rates curb spending

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

Relief as US inflation finally comes in below expectations

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

Consumer Price Index report for April gives an idea of where inflation stands

The latest report, will not only give an update on inflation, it could also indicate if the Federal Reserve will resume lowering interest rates.

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

The European Commission released its latest round of forecasts today.

Global funds snap up longer-dated Indian bonds

Global funds are increasing their purchases of India's longer-dated bonds as they prepare for the central bank to become less -More- 

Ukraine war raises borrowing costs for Eastern Europe

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

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

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

S&P 500 Pushes Past Previous Record After Inflation Report

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

Alex Albon extends Williams Racing contract beyond new era of F1

Williams Racing F1 driver Alex Albon has committed himself to the team in a multi-year contract that extends his association with the British firm to beyond 2026. The Thai racer has been the leading driver for Williams in recent seasons and has signed on with his team into a new regulation ...

Program announced! SIFMA's 2024 Operations Conference & Exhibition

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

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

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

Netflix scores rights to screen NFL Christmas Day games

Netflix has been experimenting with the NFL, for example with its 2023 series Quarterback and new series Receiver premiering this summer.

Education Department Extends Deadline to Consolidate Loans for Forgiveness

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

Premier League clubs to vote on scrapping VAR next month

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

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

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

Decaying hospitals highlight government failure to invest in the NHS

Pledge to spend £3.7bn on infrastructure by 2030 has so far not delivered

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

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

Sensex Slumps 117 Points, Nifty Holds 22,200 Amid Profit Booking

The Nifty midcap 100 index was up by 482 points or 0.96 per cent, at 50,707 points and the Nifty smallcap index was up by 94 points or 0.58 per cent, at 16,457 points. 

Wood Group rejects second takeover offer from Dubai-based rival Sidara

Yesterday, Sidara hiked its initial offer of over £1.4bn, or 205p per share, by about three per cent to 212p per share.

Rugby is a rough sport, but holds key leadership lessons

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

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

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

CalPERS to invest $25B in green private markets

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

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

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

German competition gives new meaning to "pull my finger"

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

Transforming London into one of the best cycling cities around

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

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

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

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

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

Vanguard names former BlackRock exec Ramji CEO

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

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

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

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

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

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

AI Express cancels some flights due to rostering system issues

Air India Express cancelled flights due to crew rostering issues impacting cabin crew and pilots' scheduling, including 7 flights at Delhi airport and unspecified cancellations at other airports. No comment from Air India Express. Previous disruptions included a cabin crew strike and ...

MakeMyTrip reports record profit of Rs 1,423 cr in Q4

MakeMyTrip reported a record quarterly profit of Rs 1,423 crore in Q4 FY 24, up 3,062% YoY. Co-founder Rajesh Magow is optimistic about future growth in domestic and international travel sectors. The accommodation business saw 41% YoY growth with a strong hospitality and hotel inventory ...

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

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

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

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

World stocks rise ahead of CPI release

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

Frank McCourt Starts Effort to Buy TikTok

Mr. McCourt, a longtime critic of the way tech companies use data, sees acquiring TikTok as a chance to create an “alternative to the current internet.”

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

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

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

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

News24 Business | SA ban on inefficient, power-heavy lightbulbs kicks in next week

A ban on the sale of inefficient lightbulbs will start being implemented next week, which will effectively prevent the sale of regular fluorescent and incandescent light bulbs for general household use.

Royal Mail owner’s shares soar after Czech billionaire raises takeover bid

International Distribution Services, the owner of Royal Mail, has recieved another bid fromCzech billionaire Daniel Kretinsky.

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

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

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

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

Gregory FCA acquires BackBay Communications

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

Period trackers 'coercing' women into sharing risky information

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

JCB defends supplying Russia after Ukraine invasion

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

Sleepeezee: Silentnight owner acquires bed maker for King Charles III

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

Bernanke: Inflation was ‘unavoidable’ but the Bank of England needs to change

The surge in inflation seen over the past few years was "unavoidable," Ben Bernanke said today, as he outlined ways in which the Bank of England could navigate future uncertainty.

Gallo appoints VaynerMedia LA as lead creative agency for Barefoot Wine

VaynerMedia Los Angeles will primarily focus on social media.

News24 Business | Rand holds firm despite NHI bill as cooler US inflation saps dollar

The rand weathered a potential market storm after the NHI bill was signed into law on Wednesday thanks to benign US inflation data that bolstered the case for future rate cuts.

Who is playing in NFL London games in 2024?

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

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

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

Sam Torrance: History favours McIlroy but Scheffler’s still the man to beat at US PGA

McIlroy is back at Valhalla as the US PGA Championship returns to the Kentucky venue, and that is not the only little bit of history repeating itself.

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

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

Labour to launch AI strategy within a ‘couple of weeks’ as election priming continues

Peter Kyle, Labour's shadow technology secretary, yesterday evening teased an audience of business leaders with the party's AI plans.

The Stock Market Is Back in Rally Mode

Investors seized on the latest inflation report Wednesday showing a slight moderation in consumer prices, pushing the S&P 500 past its March record.

The Lex Newsletter: Daylighting the very best

Plus, Anglo American, meme stocks, Japan’s airlines, yoghurt

Slovakian Prime Minister Robert Fico injured in shooting

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

Regulators mull new tax rules on donor-advised funds

Regulators are considering restrictions on donor-advised funds, with the discussion driven by concerns about wealthy individu -More- 

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

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

Raspberry Pi’s IPO should prove a tasty mouthful for London

The British maker of micro computers should command a healthy valuation multiple at listing

PM likens nation to ‘Asian Switzerland’ as investment climbs

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

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

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

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

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

Mester warns it's too early to declare disinflation

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

Trump Media Stock Rally Pushes Value of Trump’s Stake to $6 Billion

In their first few weeks of trading, shares of Truth Social’s parent company soared, then crashed, and have recently made a strong recovery. Former President Donald J. Trump’s holding is now worth about $6 billion.

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

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

Biofuel blending mandates for 2020-2022 stand, court rules

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

What the infrastructure law has produced so far

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

Libor convictions reviewed by UK fraud agency in wake of disclosure problems

SFO to re-examine cases including former UBS and Citigroup trader Tom Hayes

UBS chief Ermotti criticises Swiss regulators over Credit Suisse

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

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

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

How one founder raised $3.5 million

Samantha Coxe managed to raise $3.5 million for her startup Flaus, including $250,000 from the show Shark Tank.  -More- 

Retail sales were flat in April, up 3% YoY

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

Premier League clubs to discuss a proposal to scrap the use of video review

The Premier League’s 20 clubs will discuss a proposal to scrap the use of video review for refereeing decisions. Wolverhampton has submitted a resolution to trigger a vote at the league’s annual general meeting on June 6. VAR can be removed if at least 14 of the 20 clubs vote in favor. ...

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

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

India plays major part in expansion plan: Airbnb

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

US refiners face profit squeeze from biofuel glut

A surge in US renewable diesel production capacity in recent years has created a glut that is weighing heavily on refiner pro -More- 

Why Gold?

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

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

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

Digital twins making inroads into oil and gas

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

Banks brace for Post Office showdown over cash access fee 

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

How AI startups are being valued

The markets are valuing AI startups similar to non-AI companies, writes Theory Ventures' Tomasz Tunguz.  -More- 

RTP transactions jumped more than 40% last year

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

Is this the beginning of the end of beauty pageants?

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

Port of New Orleans' chief resigning amid praise for moves to advance new cargo terminal project

The Port of New Orleans’ president and chief executive officer has resigned to pursue an opportunity in the private sector. The port announced Tuesday that Brandy Christian will step down in mid-June. She has served in the leadership role since 2017 but the port didn't say what her next steps ...

Maro Itoje and Ben Earl on Saracens, departing teammates and what success looks like

Sat on the balcony overlooking the trading ring of Finsbury Square’s London Metal Exchange, Saracens stalwarts and England internationals Ben Earl and Maro Itoje take in what they’ve just witnessed. In the preceding hour a handful of men in suits debated, argued and eventually decided the ...

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

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

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

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

API: US crude, gasoline inventories retreated last week

American Petroleum Institute data show a 3.1-million-barrel draw on US crude oil stockpiles for last week, defying analysts'  -More- 

2024 API/AFPM Spring Operating Practices Symposium and Roundtable, May 22-23, St. Louis, Mo.

This meeting is a uniquely important event where various technical presentations are made highlighting the lessons learned fr -More- 

Cheniere nears operations at Corpus Christi Stage 3

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

Trupanion Pet Insurance review: Pros, cons, and pricing

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

Inflation eased and the stock market rallied in April

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

Data: 11 new unicorns last month

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

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

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

US Treasury threatens Austria’s Raiffeisen Bank over Russia unit

Bank ditched asset-swap plan connected to oligarch Oleg Deripaska after letter warning of potential secondary sanctions

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

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

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

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

Indian stocks to get $2.5 billion boost as MSCI rejigs index

MSCI index rejig to increase India's weight to 19% by month-end, attracting $2.5 billion in foreign investments. Nuvama Research notes India's net fund inflow due to 13 stock inclusions and foreign ownership limit standardization in 2020, amid strong Indian equity performance. Abhilash Pagaria ...

SBI hikes short-term FD rates, may push other PSBs to relook

SBI increases short-term deposit rates by up to 75 basis points to boost liquidity, replacing wholesale deposits. The move follows GST outflows and equity sales by foreign institutional investors, pushing rivals to review rates too. Mention of MSID 110157382, public sector banks, Bank ...

What you need raise money from retail investors

Startups can tap into retail investors if they create a narrative and compelling story, writes Ameetee co-founder Mila Khrapc -More- 

Embrace Pet Insurance review: Pros, cons, and pricing

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

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

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

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

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

CNN and ABC Snag the Presidential Debates

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

Ministers split over aid for Titanic shipbuilder Harland & Wolff

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

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

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

April saw the most corporate defaults since Oct. 2020

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

How to turn a mid-life crisis into a growth opportunity

Reframe a mid-life crisis as a chance to step back and consider if you're on the right path or if some new purpose or goal is -More- 

Bad Swiftonomics (Britain’s version)

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

CPI rises 3.4% in April, in line with expectations

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

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

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

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

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

How major US stock indexes fared Wednesday, 5/15/2024

U.S. stocks rallied to records on hopes that inflation is heading back in the right direction. The S&P 500 jumped 1.2% Wednesday to top its prior all-time high set in March. The Nasdaq composite added 1.4% to its own record set a day earlier, while the Dow Jones Industrial Average rose 0.9% ...

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

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

Bay Area the new hub for AI

AI startups raised over $27 billion last year, versus $14 billion in 2022, according to Crunchbase data.  -More- 

The US says Boeing violated a 2021 settlement. That doesn't mean the company will face charges

The Justice Department says Boeing has violated terms of a deal that allowed the giant aircraft manufacturer to avoid prosecution for fraud in 2021. What happens next? The government says it hasn't decided. Federal prosecutors accuse Boeing of failing to adhere to a settlement involving two ...

Gold outshines Nifty with 18% returns over 5 years

Gold surpasses Nifty with an 18% return. Amrita Farmahan notes gold's 14% CAGR vs Nifty's 15%. Gold hits $2,390/ounce globally and nears Rs 75,000 on MCX. Central banks drive up prices amid US and EU debt concerns. Chinese investors turn to gold.

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

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

Glencore chief backs South Africa as Anglo takeover battle rages

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

Centel claims robust Q1 performance

Central Plaza Hotel Plc (Centel) has announced a strong financial performance for the first quarter of 2024, reporting a net profit of 756 million baht, a 20% increase from the same period last year.

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

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

Schumer: Permitting changes unlikely this year

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

Investors chase desi companies that crack AI use cases

Investor appetite for AI startups in India is growing as fund managers chase companies like Sarvam AI and Krutrim AI. SoftBank and Antler are leading the funding landscape, with Tracxn reporting a significant increase in funding for AI startups. Companies are focusing on innovative AI solutions ...

David Sacks looks to overthrow Slack with new startup

Glue, a new startup by venture capitalist David Sacks, is looking to solve "Slack channel fatigue" and the number of necessar -More- 

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

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

Powell: Restrictive policy to remain in place for now

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

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

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

Google turns to AI to protect users from mobile phone thefts

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

Initiative helps employees build emergency savings

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

Futures exchange CME plans to launch bitcoin trading

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

People face 23-minute wait for HMRC helplines

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

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

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

Wage hike erodes April sentiment

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

Slowdown weighs on current account

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

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

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

CRC Thaiwatsadu to open 13 new branches in second half

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

Wall Street’s interest rates party might be a bit premature

At last there’s some good news on US inflation that raises hopes of interest rate cuts. But there’s a but.

Tidal microgrid could help power Maine island community

Maine has huge potential for tidal power, per the National Renewable Energy Laboratory, and the energy source could become in -More- 

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

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

Entry-level job requirements exceed expectations

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

Shein switches focus to London after New York IPO stalls

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

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

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

Victoria's Secret reviving fashion show after six-year hiatus

American lingerie giant Victoria's Secret announced Wednesday that its annual fashion show, scrapped after 2018 due to sluggish sales and diminishing audiences, will return this fall bringing high-profile…

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

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

Over 80,000 foreigners working at convenience stores in Japan

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

Neiman Marcus shares progress on sustainability goals

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

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

Finance official optimistic on H2

The economy is poised for healthier growth in the second half of the year, with three significant financial injections planned to stimulate momentum.

Dow, S&P 500, Nasdaq end at records as US inflation cools

The Dow Jones Industrial Average on Wednesday gained 0.9 percent to 39,908.00, putting it back within striking distance of a first-ever close above 40,000 points. The broad-based S&P 500 jumped 1.2 percent to 5,308.15, while the tech-rich Nasdaq Composite Index advanced 1.4 percent ...

Tourists tipped to fuel ride-hailing boom

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

TVS Expands Global Footprint, Launches Operations In Italy

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

Scientists: Bison in Romania will help sequester CO2

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

Terrain sells Wildviper gold project to Northern Star

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

Going against the grain

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

Berkshire Hathaway reveals secret minority stake in insurer Chubb

Conglomerate has quietly amassed a $6.7bn stake in New York-listed insurance group

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

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

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

The biology of a safe workplace

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

Trump Media delays filing earnings after SEC shuts down auditor

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

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

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

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

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

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

Can Europe’s renewables cope with the Dunkelflaute problem?

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

Performance among developers in Q1 mixed

The first-quarter revenue of major listed developers reflected varying trends, with a decline year-on-year among those targeting the lower-end segment, while those focusing on the middle to upper segments continued to witness growth.

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

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

The highs and lows of US rents

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

Post Office exec regrets 'malcontents' comment

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

Too good to be true: the greenwashers’ box of tricks

Companies are becoming ever craftier in their efforts to pose as more climate-friendly than they are

Will Shein revive London’s stock market?

Plus, more companies withdraw UK job offers over new visa rules

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

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

Data centres have turned Big Tech into big spenders

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

Consumer confidence takes a hit from high living costs

The consumer confidence index declined for a second consecutive month in April, attributed to a slow and uneven economic recovery and higher living costs, according to a survey by the University of the Thai Chamber of Commerce (UTCC).

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

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

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

Heavy redemption requests come as fears rise over real estate valuations

Beer brewing byproduct could recycle e-waste

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

Global fight intensifies against superbug ‘menace’

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

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

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

Honda slashes production workforce in China

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

Mantis shrimp absorb punches with shells, coiled tails

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

CPN marks mall's anniversary

Central Pattana Plc (CPN) is celebrating the fifth anniversary of Central i-City, a lifestyle and entertainment destination in a 6.5-billion-baht mixed-use project in western Kuala Lumpur, Malaysia.

SCS Standards updates guidelines on recycled content

SCS Standards, a nonprofit organization devoted to the development of recycling standards, recently published the latest vers -More- 

How to make skills-based hiring a reality

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

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

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

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

Britain is ready to go forth and conquer space

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

Caitlin Clark's WNBA debut helps ESPN set viewership record for league game on network

ESPN’s broadcast of the Connecticut Sun’s game against Caitlin Clark and the Indiana Fever had the highest viewership of a WNBA game on the network. The Sun’s 92-71 win over the Fever in Clark’s WNBA debut on the league’s opening night on Tuesday drew an average of 2.1 million viewers ...

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

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

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

Three ways to win the rental property race

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

Losses tied to climate change spur insurance carrier flight

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

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

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

Lincoln uses modern tech to help drive uranium hunt

Lincoln Minerals has exploited high-tech gravity data to reinvigorate its hunt for uranium in SA and will expedite its plans to drill a swag of new targets.

Paramount: the takeover battle that could reshape Hollywood

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

Incident at TSMC’s Semiconductor Plant in Arizona Injures One

The reported explosion did not affect construction at the facility, which helped the Taiwanese company secure a $6.6 billion U.S. grant last month.

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

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

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

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

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

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

CRC Thaiwatsadu to open 13 new branches this year

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

Germany still has much to do to fix corporate governance shortcomings

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

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

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

Microsoft asks China staff ‘to consider leaving country’

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

‘Young Sheldon’ Is Set to End as It Finds a New Audience on Netflix

The seven-year run of the hit series, which ends on Thursday, mirrors the story of the television business during that time.

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

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

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

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

London’s global edge has kept it punching well above its weight

You’ve got the job, you’ve told your friends, you’ve even put it on your LinkedIn – and then it all falls apart. Something of a nightmare, and not just for the ego but it’s happening to foreign-born graduates of UK universities with visa issues. HSBC and Deloitte are the latest ...

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

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

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

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

Gas giants dodge tougher tax hike in Labor-Greens deal

Oil and gas producers have expressed relief after the government cut a deal with the Greens to pass a relatively modest tax hike for offshore projects.

Temu faces legal challenge over 'manipulative practices'

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

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

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

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

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

BT to cut another £3bn of costs

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

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

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

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

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

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

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

How To Keep Your Car Cool In Summer? Beat The Heat With These 5 Tips

With some simple yet effective maintenance tips, you can keep your car running smoothly throughout the summer season   

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

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

China revs up on auto chips and HBM shakes up memory

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

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

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

Grainger raises dividend again despite slipping into loss

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

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

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

Niger-Benin border dispute resolved: Benin will allow Nigerien oil to be shipped to China

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

‘Blatantly unfair’: Supermarkets still jacking up petrol prices, minister warned

Supermarket retailers in the UK are still jacking up prices at the pumps despite months passing since the government pledged to intervene.

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

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

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

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

Finnish carrier will resume Estonia flights in June after GPS interference prevented landings

Finland’s national carrier Finnair is resuming flights to Estonia’s second largest city in June after two of its planes were prevented from landing in Tartu last month because of GPS disruptions. The cause of the GPS interference that forced the two flights to return to Helsinki on April ...

Easing US inflation stokes interest rate cut debate

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

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

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

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

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

Pichai: Financial access more worrying than interest rates

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

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

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

Mr Kipling owner Premier Foods hikes dividend as profit booms

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

BT profit plummets after writedown despite strong fibre rollout

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

One Tech Tip: Protecting your car from the growing risk of keyless vehicle thefts

Auto technology has evolved. Many newer cars use wireless key fobs and push-button starters. The technology makes it more convenient to get into your vehicle, but it also makes things easier for thieves. Keyless entry systems have enabled a surge in so-called auto thefts carried out through ...

Why house prices will stay stronger for longer

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

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

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

Can Dogs Go Into NYC Restaurants?

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

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

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

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

U.A.W. Effort to Organize Mercedes Workers in Alabama Has High Stakes

Southern political leaders say a win for the United Automobile Workers would threaten their economies. Activists want to strike a blow against a system they say exploits the poor.

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

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

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

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

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

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

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

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

Singapore Air staff score almost eight months’ salary as bonus

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

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

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

Let’s the honest, Ozempic not taxes or regulation can solve obesity 

What if there was already a proven way to reduce obesity and improve health without government intervention? There is and it’s called Ozempic, says Matt Lesh A new study out this week claims that rising work absenteeism is being driven by obesity. There are reasons to doubt these findings. ...

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

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

EasyJet chief Lundgren to step down next year

Low-cost carrier names financial chief Kenton Jarvis as replacement

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

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

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

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

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

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

Geologist claims to locate place behind the Mona Lisa

Geologist and Italian Renaissance specialist Ann Pizzorusso says she's sure that the backdrop to Leonardo da Vinci's Mona Lis -More- 

Thai rice prices at 3-month peak

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

Peak ScotRail fares scrapped for further three months

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

Microsoft offers staff to relocate from China

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

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

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

Peak-time ScotRail fares scrapped for further three months

The scheme - which means fares are the same at all times of the day - has been running since last October.

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

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

News24 Business | Nampak rockets 18% as it inks R1.2bn deal to exit Nigeria

Shares in Nampak surged more than 18% on Thursday after Africa’s largest packaging group said it was selling its Nigerian operation in a deal valued at $68.5 million (about R1.25 billion).

China and Russia reaffirm ties as Moscow presses offensive in Ukraine

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

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

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

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

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

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

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

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

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

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

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

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

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

Maruti Swift Review: Mileage 'King' With Sporty DNA

Maruti Swift Review: The new 1.2-litre 3-cylinder Z Series petrol engine makes its debut in India with the new Swift.

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

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

Despite Inflation Concerns, Markets Keep Rising

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

Keir Starmer: Major UK business chiefs back Labour leader

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

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

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

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

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

OpenAI releases latest ChatGPT — it can talk, laugh and even sing like a human

The latest version of ChatGPT has the internet wondering: Was it meant to make it sound like Scarlett Johansson in the movie Her? Its creators insist the model was not based on the movie.

FCA charges ‘finfluencers’ for promoting unauthorised trading scheme

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

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

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

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

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

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

Collusion claims in US oil must reckon with record production

It should be no surprise that Texans are themselves capitalists first

Teens could be recruited as train drivers under new plans

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

China's Nio unveils Tesla Model Y rival

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

EU Investigates Facebook and Instagram Over Addictive Effects on Children

The American tech giant’s platforms, Facebook and Instagram, may “exploit the weaknesses and inexperience of minors,” the European Commission said.

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

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

EU launches probe into Meta over social media addiction in children

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

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

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

Why United Airlines is rolling out a rebooted safety video

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

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

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

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

Honda expects hybrid boom to last until end of decade

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

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

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

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

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

BMW Launches X3 xDrive 20d M Sport Shadow Edition At Rs 74.90 Lakh; Check Details

The BMW X3 M Sport Shadow Edition comes with a 190hp, 2.0-litre turbo-diesel engine generating 400Nm of torque. 

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

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

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

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

Křetínský’s Royal Mail deal is far from in the bag

Were overdue reforms to take place, then the Czech tycoon’s offer looks low

Walmart Opens the Year With Stronger Sales and Profit

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

Why Biden’s China tariffs are more bark than bite

Also in today’s newsletter, how another Trump administration could reshape the energy outlook

Royal Mail owner poised to accept £3.5bn takeover bid

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

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

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

Entrepreneurs tackling carbon emissions crowned small business of the year

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

London City Airport lands FitzGerald as first female boss

London City Airport will on Thursday name its first permanent female chief executive as it targets approval of an expansion plan that would create nearly 1,500 jobs.

Former ‘Love Island’ stars charged with promoting trading scheme on Instagram

UK’s Financial Conduct Authority accuses ‘finfluencers’ in social media crackdown

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

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

EU investigates Facebook and Instagram over child safety

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

Renters in race for homes as listing time slashed

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

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

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

Deere Q2 results top Street but it cuts 2024 profit outlook again as farmers buy fewer tractors

Deere’s fiscal second-quarter results beat Wall Street’s expectations, but the company lowered its full-year profit forecast for a second time as farmers buy fewer tractors and other equipment as they deal with declining prices for their crops. Deere, which makes agricultural equipment, cut ...

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

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

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

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

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

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

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

Investment in London’s industrial market slumps to decade low as online sales fades

Investment into London's industrial market has slumped to a decade low as demand for the likes of warehouse and logistic sites fades following a boom during the pandemic. 

How much would you pay for a Pi?

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

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

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

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

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

'Time running out' plea over shipyard's future

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

Eurostar leaves Brexit woes behind with plans for 50 new trains

Eurostar has will invest in up to 50 new trains as it ramps up capacity on the Channel Tunnel ahead of a possible new competitor.

Iconic venue Queen’s Club to host major women’s tennis event

The iconic Queen’s Club in west London will host the world’s best female tennis players in a competitive tournament for the first time in 50 years. Home to the men’s pre-Wimbledon championships, a WTA 500 event will now be held at the club from 2025, according to the LTA. As a result ...

What founders should look for in board members

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

Insurance unicorn Wefox warns investors of insolvency risk

The new British boss of Wefox, one of Europe's biggest insurance technology companies, has warned investors that it could face collapse within months as it contends with a slew of regulatory and financial challenges.

Dow index tops 40,000 for first time

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

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

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

Long-term mortgage rates retreat for second straight week, US average at 7.02%

The average rate on a 30-year mortgage in the U.S. fell for the second straight week, giving some relief to home shoppers already facing sky-high prices and a shortage of supply. The average 30-year rate fell to 7.02% from 7.09% last week, mortgage buyer Freddie Mac said Thursday. A year ago, ...

HS2: Cancelling London Euston section would pile pressure on Elizabeth Line, advisers warn

Cancelling the Euston section of HS2 would put too much reliance on the Elizabeth Line, government advisers have warned.

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

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

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

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

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

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

Treasury market rallies after CPI release

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

Edelman names Lisa Sepulveda first global chief people, culture officer

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

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

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

Survey: Long-term corporate debt growing at most firms

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

Asian refiners favor Americas crude amid margins drop

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

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

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

The Dow just crossed 40,000 for the first time. The number is big but means little for your 401

NEW YORK (AP) — The Dow Jones Industrial Average just topped 40,000 for the first time, the latest pop in what's been a surprisingly good year for Wall Street. But just like New Year's represents an arbitrary point in time in the Earth's revolution around the sun, such milestones for the ...

AI-powered chatbots excel when encouraged, flattered

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

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

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

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

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

United Airlines says it has regained some privileges that were suspended after problem flights

United Airlines says it has regained some privileges that were suspended after a series of incidents on flights earlier this year. The airline said Thursday that the Federal Aviation Administration is letting the airline resume starting new routes and adding new planes. But the FAA's stepped-up ...

Citadel reportedly sees $2.3B in Q1 net trading revenue

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

IEA's 2024 global oil demand outlook lowered again

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

Top startup investors opened their wallets last month

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

FDIC chair is grilled on Capitol Hill after report outlines agency's toxic workplace culture

Federal Deposit Insurance Corp. Chairman Martin Gruenberg is sitting for a second day of grilling on Capitol Hill, this time at the Senate Banking Committee, after a damning report about the agency’s toxic workplace culture was released last week. The hearing largely Thursday focused on FDIC ...

Could the US economy be doing too well?

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

Supreme Court sides with the Consumer Financial Protection Bureau, spurning a conservative attack

The Supreme Court has rejected a conservative-led attack that could've undermined the Consumer Financial Protection Bureau. The justices ruled Thursday the way the agency is funded does not violate the Constitution, reversing a lower court. The CFPB was created after the 2008 financial crisis ...

Midsize IPOs missing from market rebound

Midsize initial public offerings remain absent from the market.  -More- 

'I blocked her number': Ex-head of IT says Paula Vennells 'hoped to avoid' Post Office inquiry

A former Post Office executive has said she was forced to block ex-boss Paula Vennells' phone number after the ex-CEO called multiple times asking for help to avoid an independent inquiry into the Horizon IT scandal.

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

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

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

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

Supreme Court Rejects Challenge to Consumer Watchdog’s Funding

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

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

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

SEC filing implies Ether ETFs could be denied

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

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

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

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

Kellogg’s to cut hundreds of jobs as it announces closure of major factory

Hundreds of jobs are set to be axed after Kellogg’s confirmed plans to close its Manchester-based factory.

AI noise slowing down cybersecurity investment, VCs say

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

Facebook and Instagram suspected to be 'too addictive'

The EU says its concerned the platforms algorithms "stimulate behavioural addictions in children."

FERC approves new transmission planning rule

The Federal Energy Regulatory Commission has voted in favor of a transmission planning and cost allocation reform rule that h -More- 

Jewelers Turning to Artificial Intelligence for Online Advertising

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

Stocks climb as investors price in rate cuts

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

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

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

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

There is a new twist in the TikTok tale

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

What are gold, silver hallmarking charges? Check details and importance

Gold and silver jewellery require hallmarking for purity assurance under Indian standards. Charges are fixed per article, with testing at recognized centres for BIS compliance. HUID codes ensure traceability and lifetime validity.

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

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

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

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

Have the Germans become lazy at work?

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

Safety concerns prompt calls to delay MVP startup

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

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

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

Supreme Court upholds funding structure for CFPB

The opinion was written by Justice Clarence Thomas who reversed the decision of the Fifth Circuit. Justices Neil Gorsuch and Samuel Alito dissented.

News24 Business | Old Mutual Unit Trust wins appeal against R1.7bn Fidentia damages claim

The SCA held that OMUT was not the party that had caused the Living Hands Trust to suffer a loss, pinning the blame instead on the Fidentia wrongdoers.

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

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

FAA allows United Airlines to restart certification activities

Sony Music Group open to licence agreements with AI developers

Sony Music has also said that "innovation must ensure that songwriters' and recording artists' rights, including copyrights, are respected."

Dimon: US needs full engagement with China

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

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

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

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

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

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

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

News24 Business | Tencent shares jump as TikTok-style service gains traction

Tencent climbed by the most in more than three weeks after better-than-anticipated earnings suggested the WeChat operator was making headway against ByteDance in a volatile Chinese internet arena.

Startup lessons a founder learned over 2 decades

After building 30 startups over the course of 20 years, MarsX founder John Rush shares 20 of his biggest mistakes, including  -More- 

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

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

Hydrogen fuel plant proposed for Pittsburgh airport

Pittsburgh International Airport could get a $1.5 billion plant to make hydrogen-based fuels under a tentative plan by natura -More- 

Ola Cabs CFO Karthik Gupta Resigns After Seven Months Into Role

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

Banks report increase in FX quant investment trades

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

How Media Outlets Are Covering Michael Cohen’s Testimony

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

Ermotti: We must learn from Credit Suisse mistakes

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

McDonald's plans $5 US meal deal next month to counter customer frustration over high prices

McDonald’s is planning to introduce a $5 meal deal in the U.S. next month to counter slowing sales and customers’ frustration with high prices. The deal would let customers get a four-piece McNugget, small fries, a small drink and either a McDouble burger or a McChicken sandwich for $5 in ...

DOL Fiduciary Rule Implementation Workshop

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

ASX set to slide despite Wall Street milestone

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

FINRA launches page for Remote Inspections Pilot Program

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

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

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

Wearables help Texas workers stay safe in heat

Rogers-O'Brien Construction is complementing its annual spring training for workers on heat safety with technology in the for -More- 

Kansas City deletes X post disowning Harrison Butker and mayor apologizes

Plus, what PR pros are saying about the comms around the Chiefs kicker’s controversial college graduation comments.

CME reportedly planning bitcoin trading launch

CME Group is reportedly planning to launch bitcoin trading and has been in talks with traders who want to buy and sell bitcoi -More- 

"Dorothy Jeanius" put us all to shame

The amazing thing about 18-year-old Dorothy Jean Tillman II's graduation from Arizona State on May 6 isn't that she whizzed t -More- 

Sensex swings 1,200 points, ends higher even as volatility spikes

Dalal Street witnessed ongoing volatility with the sensex fluctuating over 1,200 points intraday, driven by domestic fund buying. India VIX surged, FIIs sold off funds, and news of new stocks on the MSCI index hinted at fresh FPI flows. Prashanth Tapse commented on the market's volatile trading ...

US Supreme Court rejects challenge to top consumer finance agency

Case had questioned the constitutionality of financing for the Consumer Financial Protection Bureau

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

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

What say you? Tattoos

Yesterday’s column focused on Axios CEO Jim VandeHei and his career journey.  -More- 

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

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

Vecinos de North Lawndale luchan contra un plan para demoler edificios históricos a lo largo de calle Ogden

Justice Dept makes arrests in North Korean identity theft scheme involving thousands of IT workers

The Justice Department has announced three arrests in a complex stolen identity scheme that officials say generates enormous proceeds for the North Korean government, including for its weapons program. The scheme involves thousands of North Korean information technology workers who prosecutors ...

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

GSK sells off remaining stake in Haleon

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

How National Association of Realtors settlement will affect homebuying in Chicago

Practitioners: persuasion with a dash of comedy

Whatever their area, practice lawyers who stand out for legal expertise have usually made a mark by challenging preconceived ideas and doing something a bit different

Practice of law: case studies

Featuring the most innovative services that lawyers have developed for clients

Mortgage rates cut but borrowing pressures remain

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

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

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

More local input needed to adjust tax law

Local governments must play a greater role in amending the land and building tax law, which has been in effect for five years, says Pornchai Thiraveja, director-general of the Fiscal Policy Office.

TAT, Alipay+ team up to woo Chinese

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

Lamborghini preps electric 'super car'

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

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

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

New federal rule would bar 'noncompete' agreements for most employees

Thompson Center's $280M redevelopment into Google's Chicago HQ is underway

Former Foxtrot workers rally, demand back pay after grocer's sudden closure

TikTok eyes live commerce expansion

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

Solar rooftop adopters set to win a tax break

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

Biotech company lays off 170 workers, mostly in Bay Area

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

Reddit shares surge as it strikes content deal with OpenAI

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

Spain busts counterfeit ring behind fake euro coins

After years of investigation, Spanish police have arrested 10 individuals allegedly responsible for bringing forged €2 coins into circulation throughout the EU. So how can you tell if that coin in your hand is real?

Loan rejections cause drop in housing transfers in Q1

Home loan rejections caused a dip in housing transfers nationwide in the first quarter, dropping to the lowest point in six years and marking five consecutive quarters of decline.

Arup lost $25mn in deepfake video conference scam

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

Equities tipped to hit new high amid rate cut hopes

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

An annual rich list says Paul McCartney is Britain's first billionaire musician

Paul McCartney is a billionaire Beatle. The annual Sunday Times Rich List says McCartney is the first British musician to be worth 1 billion pounds ($1.27 billion). The list released Friday calculates that the wealth of the 81-year-old musician and his wife Nancy Shevell has grown by 50 million ...

Putin concludes a trip to China by emphasizing its strategic and personal ties to Russia

Russian President Vladimir Putin is concluding a two-day visit to China by emphasizing the countries' strategic ties as well as his own personal relationship with Chinese leader Xi Jinping as they seek to present an alternative to U.S. global influence. Putin made a back-handed rebuke for the ...

Is China's bubble tea bubble about to burst?

Chinese bubble tea shares fizzle, raising questions about the industry and Hong Kong's stock market.

Abu Dhabi, once an untapped desert city, sees its first brewery open as UAE relaxes its alcohol laws

In 2018, Chad McGehee opened Side Hustle Brews and Spirits, an Abu Dhabi-branded brewery and distillery with funky camels on its cans and playful names familiar to anyone living in the United Arab Emirates. The only problem was it was illegal to produce alcohol in the country, so his company ...

Backlash as Morrisons trials sale of New Zealand lamb

It says the move is due to customer demand for cheaper prices in the wake of the cost of living crisis.

Gensler: Work continues on collective investment fund regulation

The Securities and Exchange Commission is working with banking regulators to tighten oversight of collective investment funds -More- 

BlackRock's Rieder backs rate cuts to combat inflation

Rick Rieder, BlackRock's chief investment officer of global fixed income, has suggested that the Federal Reserve should lower -More- 

Register to join us for the C&L Regional Seminar St. Louis, June 4

C&L Regional Seminars gather compliance and legal professionals working in the financial-services industry to exchange ideas, -More- 

Russian billionaires out, US billionaires in: Mapping London’s super-prime property market

Filings have shown a Kazakh billionaire has sold his Mayfair mansion for £35m. What does it say about London's super-prime property market?

As the 2024 Race Heats Up, Betting Is Growing for Everything but Elections

U.S. residents can still gamble on the presidential race — but regulators are trying to stop the practice.

Sunday Times Rich List sport: Lewis Hamilton, Jim Ratcliffe and Eddie Hearn

Seven time Formula 1 champion Lewis Hamilton has entered the Sunday Times Rich List for the first time in 2024.

Vanguard's new CEO Ramji targets expansion

Salim Ramji, recently appointed as Vanguard's CEO, aims to significantly expand the firm's client base with plans to enhance  -More- 

OpenAI, Reddit teaming in deal that will bring Reddit's content to ChatGPT

OpenAI and Reddit are teaming up in a deal that will bring the social media platform’s content to ChatGPT. Reddit said in a blog post that the agreement will give OpenAI access to its data application programming interface, which provides real-time, structured, and unique content from the ...

AI, warehouse demand sheds new light on industrial property deals

Investor and developers recently pumped $1 billion-plus into the booming industrial property sector.

News24 Business | A fox on stilts? Argentine long-legged maned wolf returned to the wild

Argentine conservationists have returned a rare and unusual-looking animal, a maned wolf, to the wild around Buenos Aires, with its long black legs and red-fur making the creature look like a fox on stilts.

John Krasinski family film IF is refreshingly different

IF is a bold attempt from John Krasinski who wants to try something different, a great shout for families with the holidays coming up

FSA vs. HSA: What to Know About the Accounts to Pay Medical Costs

Flexible spending accounts and health savings accounts both have tax benefits, but both may also have drawbacks, two reports found.

Border Force to stage more strikes at Heathrow Airport during half term

More strikes have been announced by Border Force staff at Heathrow Airport at the back end of half term.

JPMorgan launches European government money market fund

JPMorgan Chase's asset management division has introduced a money market fund in Europe that focuses on government and sovere -More- 

Inter Milan refinancing race pits Oaktree against Pimco

Chinese owner of Italian football champions has a loan expiring early next week

Nasdaq unveils AI tool for market abuse investigations

Nasdaq has introduced a new AI-driven feature within its Market Surveillance platform to improve the detection and investigat -More- 

Wipro COO Amit Choudhary Resigns; Sanjeev Jain To Take Over

Sanjeev Jain will report to CEO Srinivas Pallia and remain a member of Wipro’s Executive Committee.

Linklaters raises junior lawyer pay to £150,000

‘Magic circle’ firm matches Freshfields’ recent move as talent war heats up

Foreign investors sell Indian stocks ahead of election

Foreign investors are withdrawing from Indian stock markets, with a net outflow of $3.5 billion in May, on course to be the l -More- 

UK watchdog decides not to investigate Microsoft's AI partnership with France's Mistral

British regulators say they don’t need to open a competition investigation into Microsoft’s partnership with French artificial intelligence company Mistral, a month after asking for industry feedback on the deal. Microsoft announced earlier this year that it was partnering with the buzzy ...

Candace Chellew

I just had a discussion last night with a group of people about feeling like either an introvert or an extrovert.

Why this company has chosen hybrid work over in-person

WatchGuard CEO Prakash Panjwani writes that his company has not required its employees to return to the office because they h -More- 

Nimble dog wins Westminster agility competition

A 6-year-old mixed-breed dog named Nimble won the agility competition at this year's Westminster Dog Show, beating 50 other d -More- 

UK postal workers’ union issues strike warning to Křetínský

Threat of industrial action made if Czech businessman fails to meet demands over takeover bid for Royal Mail

Improve health and beat the heat with summer produce

With summer just around the corner, registered dietitian Brierley Horton offers six seasonal foods that are healthful in perh -More- 

Tencent investor Naspers appoints Bloisi as new chief

Head of Brazil’s biggest food delivery app expected to maintain strategy of buying back shares

Check your EPF trust status! Don’t lose Section 80C tax benefits on Employees’ Provident Fund tax - check details

Employees should understand their employer's EPF setup for optimal tax benefits. Contributions to EPF accounts managed by EPFO or an exempted trust offer advantages. Unexempted EPF trusts have tax implications. Employers' role in managing EPF schemes is crucial, affecting tax benefits. ...

New Morgan Midsummer is a British eccentric in Italian couture

Designed in collaboration with Pininfarina, the new Morgan Midsummer will be limited to 50 cars – each one hand-built and unique.

A Supreme Court Victory for the CFPB Won’t End a Regulatory Fight

A win for the Consumer Financial Protection Bureau removed the existential threat hanging over the agency, but opponents have vowed to keep on fighting.

Thames Water’s biggest shareholder writes off investment

Move by Canadian pension fund is sign of escalating financial crisis at UK’s largest water supplier

Hunt hints at another National Insurance tax cut

Jeremy Hunt promises further tax cuts, as he launches an attack on Labour's plans ahead of an election.

How much gold can you buy in cash and are PAN, Aadhaar details mandatory? Here’s what legal experts say

New regulations mandate PAN or Aadhaar for gold purchases over a limit. Income Tax Act prohibits cash transactions exceeding Rs 2 lakh in a day. KYC compliance and PMLA rules affect high-value transactions.

Magic Circle Linklaters ups lawyer starting salary to £150,000

Magic circle law firm Linklaters has raised its newly qualified salary to match its fellow competitor Freshfields as the junior pay war battles on

Bike shops boomed early in the pandemic. It’s been a bumpy ride for most ever since

For the nation’s bicycle shops, the past few years have probably felt like the business version of the Tour de France. Early in the pandemic, a surge of interest in cycling pushed sales up 64% to $5.4 billion in 2020, according to the retail tracking service Circana. The boom didn’t last. ...

Reddit shares jump after OpenAI ChatGPT deal

OpenAI and Reddit reach deal that will give ChatGPT access to content on the social media platform.

Energy bills predicted to fall by 7% in July

If the forecast proves correct, it would mean a typical annual bill could be £500 lower than last summer.

China pours billions into crisis-hit property market

Government unveils its most significant steps yet to address slump in the country's property sector.

J.K. Rowling: Harry Potter author close to reaching billionaire status

J.K Rowling, the author of Harry Potter, is close to reaching billionaire status, according to The Sunday Times rich list. 

TVS Apache 160 Series Dark Edition Launched, Know Price & Features

TVS Apache 160 Series: TVS Motor Company has launched the Dark Edition variant of the TVS Apache 160 series motorcycles- TVS Apache RTR 160 and RTR 160 4V.

Dave Hill: Daftness and music at Soho Theatre

An evening with David Hill is time and money well spent: an instant mood boost and a lasting grin on your face. More please!

practice

Put it into practice: Practice these three steps the next time you have a difficult discussion coming up: be clear about your

'Corrupt ship inspectors demand our food and cargo'

Seafarers tell the BBC port officials routinely demand bribes before allowing ships through.

Europe reportedly may delay FRTB to align with US

The European Commission is reportedly considering delaying the implementation of the Fundamental Review of the Trading Book t -More- 

Mike Ashley’s Sports Direct loses bid to appeal Newcastle United kit row

The Court of Appeal has rejected Sports Direct permission to appeal a decision over Newcastle United 2024/25 season kit

Investor and ‘Dragon’ Deborah Meaden: ‘I am not mean. What I am is . . . tough’

The British entrepreneur on going green, improving financial education — and when it’s OK for a vegan to eat eggs

Mortgage rates drop as markets bet on Bank of England cut

Fresh wave of competition among lenders could provide relief for homebuyers ahead of UK general election

EP: 271 Newbury & Hong Kong

The Group 1 Lockinge Stakes, won in the past by the likes of Frankel and Baaeed, is the feature race at Newbury on Saturday where you can, once again, bet into the unique Worldpool markets. City AM Racing editor Bill Esdaile previews the best of Newbury’s racing action with an eye on the ...

Is the move to electric cars running out of power?

There has been an unexpected slowdown in sales of electric cars. Could this be more than a blip?

HMRC seeks another bite in ‘mega marshmallow’ tax case

After losing twice in the long-running ‘mega marshmallows' tax case, HMRC has said it is looking to file yet another appeal.

Ueda: BoJ to retain ETF holdings amid policy shift

Bank of Japan Governor Kazuo Ueda has announced that the central bank no immediate plans to sell its substantial holdings of  -More- 

Former Post Office boss hands over dozens of new documents ahead of inquiry appearance

The Post Office scandal inquiry has said it will "urgently" review dozens of new documents it has received from former chief executive Paula Vennells.

Melissa Selcher departs LinkedIn after 8 years

Selcher was chief marketing and communications officer at the platform.

How the US has so far avoided a wage-price spiral

The US and some other developed economies have been successful in averting a damaging wage inflation spiral without increasin -More- 

Build ambivert skills to improve your leadership

Introverted leaders are good listeners, observant and compassionate, while extroverted leaders have charisma and confidence a -More- 

Crop tops creep into the corporate world

Crop tops have joined the business casual wardrobe, paired with high-waisted slacks, skirts, and a blazer.  -More- 

Govt looks to fix pesky commercial messaging through stricter regulation

Funds use AI, satellites to track Freeport LNG plant

The Freeport Liquified Natural Gas plant is essential to one of the most important commodity markets, liquefying up to 2% of  -More- 

Dow reaches 40,000 for the first time

The Dow Jones Industrial Average surpassed 40,000 for the first time Thursday, although it eventually closed lower.  -More- 

US firms capitalize on lower European borrowing costs

American corporations are increasingly tapping into the European bond market, issuing approximately €30 billion in euro- -More- 

Tesla’s chair on Elon Musk: ‘I might wake up to a tweet. I don’t wake up to a strategy shift’

Robyn Denholm rejects criticisms of carmaker’s governance ahead of landmark votes on Musk’s pay and Texas move

Commercial property, Body Shop auction and Sainsbury's AI

On Ian's show, Mark Allan, the CEO of the UK's biggest listed commercial property company Land Securities, talks about valuations are beginning to stabilise.

More employees are cheating on drug tests

A new report from Quest Diagnosis finds that more workers are cheating on their employment drug tests, with invalid urine sam -More- 

Bank of England plans expansion of Leeds base

The bank's governor says expanding its Leeds base would enable it to "better represent the public".

Fed officials emphasize patience on interest rates

Some Federal Reserve officials are maintaining a cautious approach to interest-rate policy despite positive news on the infla -More- 

USACE: Dakota Access final EIS unlikely before 2025

The US Army Corps of Engineers' final environmental impact statement of the Dakota Access pipeline is likely to stretch into  -More- 

News24 Business | Business brief | Altron lifts despite profit warning; Twitter officially shifts to X

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

Reflections

My friend Kari* recently moved out of the house she was sharing with a traveling nurse.

Full Emergency Declared At Delhi's IGI Airport After Fire Scare In Bengaluru-Bound Air India Flight

A fire in the AC unit of Air India flight 807, which was travelling from Delhi to Bangalore, reportedly resulted in the declaration of a state of full emergency at Delhi's Indira Gandhi International (IGI) Airport.

HR leader spearheads LGBTQ+ initiatives at Coca-Cola

Antony Kontellis, senior HR director at Coca-Cola and a member of the LGBTQ+ community, reflects on how his challenges in you -More- 

BPX Energy exec shares strategic vision

BP subsidiary BPX Energy is targeting a 60% increase in US production by 2030, with a particular focus on producing more liqu -More- 

Moderna wins case in patent dispute with Pfizer and BioNTech over Covid jab

Decision is a boon for the mRNA-vaccine maker in its legal fight to recoup pandemic profits from rivals

Top Luxury Train In India! Jaw Dropping Pics of Maharajas' Express - Most Expensive Train by IRCTC

Premier League prize money: How much do you get for winning the title?

The majority of clubs may not have a Premier League title to win or relegation to avoid, but there are millions riding on this weekend. Prize money can differ massively between each spot in the Premier League table, and that’s something each team will be conscious off come kick-off this ...

Subscribe to Shale SmartBrief for more news on the shale industry

More banks boosting capital with fixed preferred stock offerings

Citizens Financial Group has joined a growing trend among regional banks to offer fixed-for-life preferred stock, according t -More- 

Course Offering - Virtual Dates Available | API 580/581 Risk Based Inspection

This Risk-Based Inspection training course helps attendees understand and use RBI technology, develop a program and learn wit -More- 

MassiveMusic hires Dubai-based comms agency

Sonic branding specialist MassiveMusic, which specialises in music and sounds for ads, has appointed a Dubai-based comms agency to handle its regional PR and media relations.

Scale becoming a priority in shale sector, analyst says

The US shale industry is entering a new chapter that is likely to be characterized by a greater focus on scale as companies s -More- 

As many as 98% Indian firms surveyed admit to loss of sensitive information in 2023: Rubrik

Tax break offered for hiring teenagers this summer

Hiring a teenager for a summer job comes with a bonus for the business -- a $1,200 work opportunity tax credit, part of a fed -More- 

The race for an AI-powered personal assistant

Google and OpenAI unveiled new tools to bring ‘intelligent systems’ a step closer. Will this be a milestone for generative AI?

Paying more is ‘not viable’: how new visa rules are hitting foreign graduate recruitment

International students have had UK job offers rescinded after visa changes made hiring them too expensive

Oil, gas industry fights new BLM fees rule in court

A coalition of oil and natural gas industry groups, including the Western Energy Alliance, is asking a Wyoming federal court  -More- 

Federal Reserve Chair Jerome Powell working from home after testing positive for COVID-19

Federal Reserve Chair Jerome Powell has tested positive for COVID-19 and is experiencing symptoms. Powell tested positive late Thursday. A spokesperson said Powell is following guidance from the Centers for Disease Control and Prevention, and he is staying away from others and working at home. ...

Drilling activity slump weighs on Haynesville gas output

Reduced drilling activity puts Haynesville Shale natural gas production on track to drop by almost 270 MMcf/d in June as lega -More- 

ECB pressures banks to speed up Russia exits on fear of US action

Regulator has requested detailed plans from lenders including Italy’s UniCredit and Austria’s Raiffeisen

Crescent announces $2.1B tie-up with SilverBow

Crescent Energy and SilverBow Resources have agreed to merge in a $2.1 billion deal that would create the second-largest oper -More- 

Hyderabad dronetech startup Drogo Drones eyes foray into air taxi services

India Forex Reserves Surge By $2.56 Bn To $644.15 Bn

Rising foreign exchange reserves are positive for the economy as they reflect an ample supply of dollars that help to strengthen the rupee. 

A former OpenAI leader says safety has 'taken a backseat to shiny products' at the AI company

A former OpenAI leader who resigned from the company earlier this week said on Friday that product safety has “taken a backseat to shiny products” at the influential artificial intelligence company. Jan Leike had ran OpenAI’s “Super Alignment” team alongside a company co-founder who ...

The epidemic of bogus science

There’s an arms race in academic publishing between AI, fraud detectors and authorship brokers

The Lex Newsletter: OpenAI and the case for techno-optimism

Trust in tech may have declined but demand for its services and shares is at an all-time high

Advisers worry as social media investment scams surge

Trusted figures often used to persuade people to put money into fraudulent schemes

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- 

News24 Business | City of Tshwane lobbies Ramaphosa to stop new electricity law

The City of Tshwane is concerned that the ERA Bill will interfere with its ability to set electricity tariffs.

Nickel price surges as New Caledonia riots raise concerns over supply

Industrial metal critical in electric vehicle batteries climbs almost 7%

Federal judge hearing arguments on challenges to NYC’s fee for drivers into Manhattan

New York’s first-in-the-nation plan to levy a hefty toll on drivers entering Manhattan is the focus of a legal battle playing out in federal court. A Manhattan judge is hearing arguments Friday in lawsuits brought by unionized public school teachers and other irate New Yorkers seeking to halt ...

Asda: Debt-laden grocer cashes in on price matching schemes as hunt for new chief gets underway

Asda, the debt-laden grocery chain, said Aldi and Lidl price matching schemes helped revenue grow by 6.6 per cent in the first quarter of the year. 

Dodd-Frank and expanded SEC authority over investment advisers: A step back

In 2023, the Securities and Exchange Commission proposed an overhaul of custody requirements for investment advisers that rel -More- 

Ridgeway Strategy launches Middle East office

London-based Ridgeway Strategy has gone global, opening a branch in Abu Dhabi that is focused on digital projects using AI technologies.

Ukraine war: The trillion dollar cost to the West

Governments face increased borrowing, taxes and public sector cuts to finance their soaring military budgets. European NATO members are set to spend a record $380 billion on defense this year — a tough sell to voters.

Real Estate Sector To Contribute 15% To India’s GDP By 2050: NAREDCO President

Real Estate sector is likely to touch a market size of one trillion dollars by 2030.

Grand Theft Auto maker firms up GTA 6 release date

The latest instalment of the hugely popular series will be released in autumn 2025, its publisher says.

Bank Holiday getaways at risk as London Heathrow Airport border staff to strike

Over 500 Border Force workers at the West London airport's terminals 2, 3, 4 and 5 will down tools, potentially causing massive queues.

Subway commuters in Buenos Aires see fares spike by 360% as part of austerity campaign in Argentina

Commuters in Buenos Aires are being hit by an abrupt 360% increase in subway fares. It's one of the most dramatic price hikes in libertarian President Javier Milei's harsh budget austerity campaign in Argentina. A judge on Thursday lifted an order that had temporarily blocked the scheduled ...

NOT REAL NEWS: A look at what didn't happen this week

Social media users shared a range of false claims this week. Here are the facts: Milwaukee's director of elections was not removed from her position for vote rigging in the 2020 presidential election. Election officials say internal matters led to the change, noting there “was no indication ...

The unofficial spokesman for the American muscle car, Tim Kuniskis, is retiring

Tim Kuniskis, CEO of the Ram and Dodge brands and the unofficial voice of American muscle cars, is retiring from Stellantis after nearly 32 years. The announcement Friday comes as the company struggles with U.S. sales as it begins the transition from gasoline to electric vehicles. Through ...

Election a ‘window of opportunity’ for Better Business Act campaigners

The forthcoming election is a “window of opportunity” to rethink the role of business in society, a campaigner for the Better Business Act said

Average salaries of supply chain pros surpass $100K

The average supply chain salary rose above $100,000 for the first time in 2023, hitting an average of $103,000, according to  -More- 

US has centuries' worth of oil, gas supplies, report finds

A recent report from the Institute for Energy Research estimates that the US has 1.66 trillion barrels of technically recover -More- 

News24 Business | Rand reaches strongest levels since 2023

On Friday, the rand was trading at levels last seen in mid-November 2023 amid dollar weakness and stronger commodity prices.

Can troubled Thames Water avoid collapse?

The firm has huge debts and it may have to be taken over by the government if it runs out of money.

Execs: Consider alternatives to layoffs

Employers should try to move employees to new jobs, other parts of the company or part-time roles before carrying out layoffs -More- 

In Cannes, Francis Ford Coppola talks Trump, self-financing 'Megalopolis' and why he has no regrets

Much attention has been paid to the $120 million of his own fortune that Francis Ford Coppola put up to make the futuristic epic “Megalopolis.” The director himself isn’t much concerned. Speaking to reporters Friday at the Cannes Film Festival, Coppola said he didn't care about money, and ...

Struggle to switch off? Here’s how to leave work at work

Shutting off your work brain and shifting into relaxation mode is easier said than done, but it’s important to use strategies to help you leave work at work.

Wegovy is becoming too essential for its elite price

As the health benefits of anti-obesity medicines widen, pharma companies need to rethink what they charge

California's scenic Highway 1 to Big Sur opens to around-the-clock travel as slide repair advances

A section of California’s scenic Highway 1 leading to the famous Big Sur coast has reopened to around-the-clock traffic. The reopening came after stabilization of a storm-triggered rockslide that dropped a chunk of one lane into the ocean. The gap has yet to be closed, but a temporary signal ...

Vindicated by Supreme Court, CFPB director says bureau will add staff, consider new rules on banks

Since its creation roughly 14 years ago, the Consumer Financial Protection Bureau has faced lawsuits, political and legal challenges to the idea of whether the Federal Government’s aggressive consumer financial watchdog agency should be allowed exist at all. Now cleared of any legal ...

Boeing boss's $33m pay package approved

Boeing shareholders approved a $33m pay package for outgoing boss Dave Calhoun.

Boeing shareholders approve CEO compensation as company faces investigations, potential prosecution

Boeing shareholders have approved CEO David Calhoun’s $32.8 million compensation. During an online annual meeting on Friday, shareholders also heard company leaders explain what the troubled aircraft maker is doing to improve the quality and safety of its planes after a door plug blew off ...

GameStop to sell up to 45mn new shares after latest ‘meme stock’ rally

Video games store operator announces preliminary results showing expectations for a further drop in net sales

New endangered listing for rare lizard could slow oil and gas drilling in New Mexico and West Texas

Federal wildlife officials have declared a rare lizard in southeastern New Mexico and West Texas an endangered species. The Fish and Wildlife Service said Friday that future energy development, sand mining and climate change could lead to extinction of the dunes sagebrush lizard in one of the ...

Manifestantes exigen a concejal que retire su apoyo a la explotación minera de Ozinga

AstraZeneca urges younger demographic to snap out of doom scrolling

The drugmaker is reaching younger women on TikTok with the latest campaign for eosinophilic asthma treatment Fasenra.

Key to the mental health crisis -- become "augmented"

Entrepreneurs need to become "augmented" to navigate the mental health crisis that startup founders face, writes Breega head  -More- 

Electral sales jump 26% as heatwaves take toll

Dehydration and Electral sales surge in India's pharma retail market in April, per IQVIA data. Cardiac, gastroenterology, and dermatology therapies show growth. Poor sales of respiratory and anti-infectives affected market in March. Gastroenterology medicines like Pan, Pan D, liver therapies ...

Union forming stalled in US Mercedes-Benz

The UAW effort to win members in at Mercedes was a test of a wider resurgence in worker activism.

If resolution takes long, recovery bound to drop

Insolvency and Bankruptcy Board of India study reveals recovery rate link to resolution time. Lenders recover 49.2% in 330 days, dropping to 36% for longer cases. Delays, triggered by litigations, erode distressed defaulter value, reducing creditor recovery value, as highlighted by IBBI ...

Trai to issue consultation paper to curb pesky calls

Govt, Trai, and consumer affairs ministry are revising regulations to counter pesky calls and unsolicited commercial messages, tightening mechanisms.

Odisha tops in inflation, rate over 7% for 6 months

Odisha's high inflation contrasts with Delhi's lower rates, influenced by volatile vegetable prices and RBI's insights on food price uncertainties and wheat production impact.

Mercedes Workers in Alabama Reject Union

The election, fiercely opposed by the state’s political leaders, was seen as a test of the United Automobile Workers’ ability to unionize factories in the South.

A heavy monsoon season is great news for these Indian stocks

A recovery in rural stocks is also positive news for India’s broader stock market, which has seen significant growth in recent years, primarily driven by investment-heavy firms reaping the benefits of increased government infrastructure spending. Additionally, abundant rainfall can help the ...

More people seek help for debts as fee scrapped

Debt Relief Orders are available to those on low incomes to clear existing debt and surged as the fee was axed.

Serum to buy 20% in med tech firm

Serum Institute of India (SII) invested in IntegriMedical, a med tech firm, for needle-free injection system tech. The partnership aims to provide 'health for all' and 'transform healthcare globally' by ensuring patient comfort, reducing needle-stick injuries, and enhancing liquid medication ...

Long-haul tourist market unfazed by Mideast war

War in the Middle East has not disrupted the flow of long-haul travellers, according to the Tourism Authority of Thailand (TAT).

Concrete thermal energy storage put to work in Ala.

EPRI, Southern Company and Storworks have finished testing a 10-megawatt-hour concrete thermal energy storage pilot project a -More- 

Why a successful exit isn't enough

Entrepreneurs who create a business and successfully exit often feel unsatisfied and find their way back into the startup wor -More- 

Fay highlights the success of platform startups

Fay, the platform startup that connects registered dieticians and insurance companies, recently raised $25 million, highlight -More- 

Hemp sellers push back on delta-8 ban as lawmakers tackle unregulated cannabinoids

Multiples-based valuation becoming more important

Younger venture investors are increasingly using multiples-based valuations to drive startup investing decisions, which is wo -More- 

Senate group calls for $32B in annual AI spending

The AI Working Group -- a bipartisan Senate group led by Majority Leader Chuck Schumer, D-N.Y.  -More- 

Comcast plans to offer a new streaming bundle. Is streaming the new cable?

Comcast announced that it plans to offer a new streaming bundle with Peacock, Netflix and Apple TV+, which sounds a lot like the cable channels packages that consumers left cable TV to get away from.

Alert: Employees at Alabama Mercedes plants vote 56% against union, slowing United Auto Workers’ organizing drive in the South

Employees at Alabama Mercedes plants vote 56% against union, slowing United Auto Workers’ organizing drive in the South.

Police conclude investigation into suicide of Boeing whistleblower

Police say a former Boeing manager who raised safety questions about the aircraft maker took his own life. Police in Charleston, South Carolina, released details Friday on their investigation into the death of 62-year-old John Barnett, of Pineville, Louisiana. Barnett was a longtime Boeing ...

Mercedes workers vote no to union, putting the brakes on UAW's march South

More than 5,000 Mercedes-Benz workers who build luxury SUVs in Alabama were eligible to vote on whether to join the UAW. Workers faced intense anti-union messaging from Mercedes in the run-up.

US makes arrests in North Korea-tied IT job scam

US prosecutors arrested an American woman and a Ukrainian man for aiding North Korea-linked IT workers in obtaining remote-work jobs at hundreds of US firms, including Fortune 500 companies and banks, and stealing identities to generate revenue for North Korea in violation of sanctions.

Why A&W made a festival-worthy 18-minute documentary about hotdogs with bacon

Developed by Rethink, the documentary tells the stories of "whistle dog warriors" who want A&W to bring back whistle dogs.

China ramps up Thai EV production

More electric vehicles (EVs) sold in Thailand should be locally manufactured this year as Chinese automakers plan to produce them here from the third quarter, sourcing local materials to support their manufacturing, says the Board of Investment (BoI).

Most VC-backed startups don't have a path to an exit

Among the nearly 63,000 venture-backed startups worldwide only 3% have a plausible path to an exit through a successful initi -More- 

$75 million yacht owned by tech billionaire spotted in San Francisco Bay

The yacht was $75 million, but its owner has plenty to spend on SF’s election.

Fear of failure, massively outdated stigmas around mental health, and the pace of movement in the startup space leave little room for introspection and support-seeking.

Ann-Sophie Delage, head of talent at Breega, writing in The Next Web

Asia-Pacific marketers' hike in ad spend bests other regions

Despite global economic challenges, Asia-Pacific marketers plan to increase product promotion, mainly on social media, while reducing their brand-building budget, according to the 2024 Nielsen Global Annual Marketer Survey.

BAM eager to keep lead in distressed assets sector

Bangkok Commercial Asset Management (BAM), Thailand's largest asset management company, set an ambitious goal for bad asset management over the next few years in a bid to address the burden of distressed debts within the banking industry.

Grindr plans a move to Loop office tower, setting up global engineering hub

UN experts say South Sudan is close to securing a $13 billion oil-backed loan from a UAE company

UNITED NATIONS (AP) — U.N. experts say South Sudan is close to securing a $13 billion loan from a company in the United Arab Emirates, despite the oil-rich country’s difficulties in managing debts backed by its oil reserves. The panel of experts said in a report to the U.N. Security ...

UN revises India's 2024 growth upwards to 6.9%

UN's World Economic Situation and Prospects report revised India's 2024 GDP growth to 6.9%, surpassing China. The IMF and RBI also raised growth forecasts. India's economy is a bright spot with strong domestic demand, robust exports, and efforts to control consumer price inflation, particularly ...

How major US stock indexes fared Friday, 5/17/2024

U.S. stocks drifted to a mostly higher close on Wall Street, marking their fourth winning week in a row. The S&P 500 rose 0.1% Friday. The Dow Jones Industrial Average rose 0.3% to close above 40,000 points for the first time. It briefly traded above that level a day earlier. The Nasdaq ...

Maxwell Street Market to return to original home near UIC for 2024 season

Pension funds need ‘compelling’ returns from UK nuclear projects to invest

Potential investors tell Jeremy Hunt regulatory clarity also essential before backing new power plants

Why TikTok Users Are Blocking Celebrities

A TikTok movement is calling for followers to block famous people over their stances on the Israel-Hamas war. It began at the Met Gala.

British investor in talks to buy 49% share in Teesside International Airport

Michael Flacks wants to transform the facility into a cargo, repair and maintenance hub

Ex-Facebook exec who used company cards to steal millions gets prison time

The former DEI exec said she has become the "poster child of being a fraud."

Trai looks to bring WhatsApp, Facebook, X, Insta under regulation

Trai plans to regulate OTT services like WhatsApp and Facebook, excluded from the new telecom act. Chairman Lahoti announced open discussions on the matter at a symposium on 'Strengthening Atmanirbhar: Securing domestic industry and technology' by the Parliament. The consultation paper, ...

OpenAI put ‘shiny products’ over safety, departing top researcher says

Jan Leike’s exit from ChatGPT maker is the latest sign of internal divisions over technology’s development

Ex-Honolulu prosecutor and five others found not guilty in bribery case

Honolulu's former top prosecutor has been found not guilty in a bribery case that alleged employees of an engineering and architectural firm bribed him with campaign donations in exchange for his prosecution of a former company employee. A U.S. grand jury indicted former Honolulu Prosecuting ...

Why is stock market open today, on Saturday May 18?

Stock market today: The special live trading session is being conducted in accordance with Sebi guidelines, which require testing the preparedness for handling unexpected disasters from the main trading centre in Mumbai.

Asian shares retreat on China weakness

RECAP: Stocks in Asia fell yesterday after data from China showed fresh economic weakness and traders reassessed the path forward for US interest rates.

Microsoft vows to deal with Scope 3 emissions increases

New data centers have driven up Microsoft's Scope 3 greenhouse gas emissions nearly 31% from the baseline established in 2020 -More- 

SCB launches AI banking service

Siam Commercial Bank (SCB) has introduced banking services equipped with artificial intelligence (AI), aimed at expanding digital loans while improving control over non-performing loans.

Sony and Apollo Take Key Step in Bid for Paramount’s Assets

The two companies have expressed interest in acquiring the media conglomerate, but are backing away from their $26 billion all-cash offer.

Orcas' breathing data could aid conservation efforts

Orcas take only one breath between dives, findings in PLOS ONE show, confirming a long-suspected ability by pairing drone foo -More- 

Government to work with private sector for development journey: Finance minister Sitharaman

Finance minister Nirmala Sitharaman advocated for higher manufacturing investment, contrary to some economists' advice. She emphasized collaboration with the private sector and addressed Raghuram Rajan's support for a services-led strategy.

Boeing shareholders approve CEO's compensation as company faces investigations, possible prosecution

Boeing shareholders on Friday approved CEO David Calhoun's $32.8 million compensation and heard leaders explain what the troubled aircraft maker is doing to improve the quality and safety…

Frontier Airlines, stuck in a money-losing slump, is dumping change fees and making other moves

Frontier Airlines is dropping those dreaded change fees, at least for some of its passengers. The discount airline said on Friday that it's creating four types of fares. The cheapest tickets, called “basic,” won't let you cancel or change a ticket, but the other fare categories will. Most ...

Researchers: Climate warming's threat to world's GDP worse than thought

More warming of the world would cause financial losses equal to a perpetual state of war, according to a research paper from  -More- 

Zappos takes customer experience to the next level via AI

Amazon-owned online footwear and clothing retailer Zappos has long been exploring AI and other technology tools to enhance cu -More- 

How tariffs — like those on Chinese goods — might impact inflation and jobs

When the U.S. imposes tariffs on specific foreign-made goods, what is the effect on American consumers and on the regions and industries the tariffs were supposed to protect? It's complicated.

EV appeal wanes for American car buyers

The number of Americans saying they are "very likely" to think about buying an electric vehicle this year has fallen to 24%,  -More- 

The hack that almost broke the internet

Last month, the world narrowly avoided a cyberattack of stunning ambition. The targets were some of the most important computers on the planet. Computers that power the internet. Computers used by banks and airlines and even the military. What these computers had in common was that they all ...

Rishi Sunak leapfrogs the King in new rich list

Rishi Sunak has overtaken the King in the latest Sunday Times Rich List.

Here’s how to get Gen Z interested in their pensions

Allowing employees to choose their pension provider and consolidate their contributions into one pot is popular with Gen Z who frequently move jobs and could help them be more financially secure in the future, Says Niamh O Regan By and large, people choose their own financial products. Who ...

Boeing shareholders rebuke chief executive Dave Calhoun

Objections to pay package and re-election to the board fall short but point to shareholder frustration

Remaking BHP: the chairman and the $64 billion deal

Ken MacKenzie likely has just over two years left as BHP’s chair. A mega-deal with Anglo American would shape the legacy he leaves at the Big Australian.

Sunshine Enterprises hosts "Shark-Tank"-style competition for Chicago area entrepreneurs

Steelmakers warn ministers that UK faces dumping risk

Plans to bring in carbon tax a year after EU will see shipments ‘diverted’ to Britain, industry says

The Night That Sotheby’s Was Crypto-Punked

The auction that was supposed to be an art world coming-out party for NFTs instead exposed the instability at the heart of the crypto world.

What Caitlin Clark’s Arrival Could Mean for WNBA’s Business

Clark’s arrival has many betting on the W.N.B.A.’s success. But certain structural disadvantages persist, including how much the players earn.

‘Old Money’ Tiktok trend drives demand for Rolex’s as buyers willing to pay more for ‘immediate access’

The boss behind one of Britain’s best known sellers of Rolex and Tag Heuer watches said there has been a surge in interest for luxury goods from Gen Z shoppers as they look to emulate the dress sense of the upper classes. 

News24 Business | 'Won't be the same company in 5 years': Prosus picks engineer CEO as it eyes AI revolution

Africa's most valuable group of companies, Naspers and Prosus, has chosen a new CEO who started in engineering. It said on Friday it expects to grapple with the game-changing effects of AI that will radically transform it in the next few years.

How to be a crorepati! Use this simple SIP trick to save over Rs 1 crore with just over Rs 5,000 investment per month

How to be a crorepati: SIPs allow you to invest a fixed amount in mutual funds at regular intervals, whether daily, weekly, or monthly. While standard SIPs are beneficial, step-up SIPs can significantly enhance your investment growth.

WSL: What do Chelsea and Manchester City need to win the title?

Many are talking about tomorrow’s Premier League title race but the WSL is even tighter with Manchester City and Chelsea in the mix. the duo are level on points and close in goal difference with just one fixture remaining. Therefore a win for each side – away to Manchester United and Aston ...

News24 Business | Checkers to challenge Amazon, Temu with new Sixty60 app

Could the new Checkers Sixty60 app, which allows for same-day delivery of a range of goods from air fryers to television sets and pool cleaners, help SA’s largest retailer Shoprite eat the lunch of the likes of Temu, Amazon and Takealot?

The UK’s three youngest tech entrepreneurs who started billion-dollar businesses

These are the UK's three richest and youngest tech entrepreneurs who have managed to turn an idea into a billion-dollar business.

Aramco signs 3 MoUs with American companies to advance development of lower-carbon energy solutions

The Saudi Arabian Oil Company Aramco today announced the signing of three Memoranda of Understanding (MoUs) with leading American companies to advance the development of potential lower-carbon energy solutions.

Stock Market Special Session Today, Sensex Jumps 120 Points

Power Grid, Nestle, Asian Paints, IndusInd Bank, and TCS were the top gainers. JSW Steel, Axis Bank, ICICI Bank and ITC were the top losers.

Georgia: Why our protests are the new frontline against Putin-style democratic crackdowns across Europe

Protests in Georgia are continuing over plans to introduce a ‘Putin-style’ law against ‘foreign influence.’ Here, academic Gia Jandieri – under threat himself from the new legislation – explains why Georgians are taking to the streets Controversial? Divisive? No, More Than That, ...

The UK economy suffers from low levels of investment? That’s just not true says Deutsche Bank

Deutsche Bank point out that aggregate investment growth since the financial crisis is second only to the US among G7 economies.

Pietro Beccari: ‘There is no household in the world that doesn’t have Louis Vuitton products’

The Louis Vuitton chief wants to turn the LVMH-owned luxury brand into a cultural juggernaut

A Loss at Mercedes-Benz Slows U.A.W.’s Southern Campaign

After Mercedes workers voted against joining the United Automobile Workers, the union will have less momentum as it campaigns to organize Southern factories.

Stock market today: BSE Sensex rises 100 points; Nifty50 above 22,500 in special trading session

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Saturday as part of a special trading session. BSE Sensex rose over 100 points and Nifty50 was above 22,500.

Divesting shares: does it work?

Offloading shares for moral reasons needs to be part of an overarching strategy

It was once a center of Islamic learning. Now Mali's historic city of Djenné mourns lack of visitors

Mali’s historic city of Djenné was once a center of Islamic learning, known for its sprawling mud-brick mosque that has been on the UNESCO World Heritage in Danger list since 2016. The Grand Mosque of Djenné — the world’s largest mud-brick building — used to draw tens of thousands ...

AI companies seek big profits from ‘small’ language models

Microsoft, Meta and Google have released new versions with fewer ‘parameters’ that are cheaper to build and train

News24 Business | S&P keeps SA credit ratings unchanged

The agency believes the ANC will lose its majority in next year’s elections, but expects “broad policy continuity” even if that happens.

Why private equity is yet to pounce on the London Stock Exchange this year

As private equity firms bounced around London auditioning advisors and lawyers late last year, top dealmakers were looking forward to a return to action. But so far, they're yet to rear their head.

SET makes another attempt to clear 1,400 hurdle

Thai shares continued to move sideways up, with the SET index struggling to clear 1,380 points (the next hurdle will be 1,400) throughout the past week, causing the market to stay rangebound.

Nvidia could be the most valuable stock in the US

Hitting a milestone valuation of $3tn is no easy task, but the chipmaker is well-placed for the challenge

Investors pushed to diversify

Krungthai Asset Management (KTAM) recommends investors diversify risks and balance their portfolios amid elevated interest rates and the US presidential election in November.

Ozempic and Wegovy: what happens when a drug goes viral?

Novo Nordisk's Wegovy and Ozempic have been heralded as the solution to the world's growing obesity problems. But when celebrities and influencers misuse them and start documenting their weight loss journeys online, should we take stock?

Boeing shareholders approve chief’s $33m compensation as company faces investigations

Boeing shareholders approved chief executive officer David Calhoun’s $32.8m (£25.8m) compensation on Friday and heard leaders explain what the troubled aircraft maker is doing to improve the quality and safety of its planes.

FDI norms in certain sectors likely to be eased under new government: DPIIT Secretary

India has recently eased restrictions on foreign direct investment in the space sector. There is a chance of more liberalization of FDI in other areas when the new government takes office, according to a senior official on Saturday. Rajesh Kumar Singh, the Secretary in the Department for ...

Boeing held its annual shareholders meeting amid a string of controversies

Boeing held its annual shareholders meeting on Friday. This follows a difficult week and year for the plane-maker, which is facing renewed scrutiny over its safety and production practices.

Debt, equity holders approve merger of IDFC with IDFC First Bank

News24 Business | Microsoft plans to release next 'Call of Duty' on subscription service - report

Microsoft plans to release the coming installment of the "Call of Duty" videogame to its subscription service instead of the longtime approach of only selling it à la carte, the Wall Street Journal reported on Friday.

Georgia’s president vetoes media law that has provoked weeks of protests

Georgia’s president has vetoed the so-called “Russian law” targeting media that has sparked weeks of mass protests in the country.

What to Do With an Inheritance

A sudden windfall while grieving can be an emotional minefield, particularly for younger adults. Experts share ways to handle it wisely.

Napkin which helped bring 13-year-old Messi to Barcelona sells for £762,000

The napkin which secured footballer Lionel Messi’s move to Barcelona more than 20 years ago has been sold for £762,000. The unusual document, which became legendary in the sporting world, was offered at Bonhams with a starting price of £300,000 in an online auction which ended on Friday. ...

Biden’s China Tariffs Are the End of an Era for Cheap Chinese Goods

The president’s move to protect strategic manufacturing sectors from low-cost competition aims to increase jobs, but consumers might not like the costs.

Oyo To Refile Its IPO Papers Post-Refinancing Existing Loan

As per existing SEBI regulations, the company will need to revise its filings with the regulator. 

Sensex, Nifty Extend Winning Streak In Special Trading Sessions, TCS And Nestle Lead

The national bourses on Saturday conducted a special trading session for an easy switch over to a disaster recovery site.

Two Tickets To Greece review: A charming French drama

In a summer of edgy blockbusters, this escapist story of friendship Two Tickets to Greece is just the ticket

Nestle India shareholders vote against increase in royalty to Swiss parent

News24 Business | Sun still heading for peak after 'extreme' solar storm last week, SA Space Agency warns

There is an increased likelihood of solar storms similar to the 'extreme' Mother's Day weekend storm that brought Aurora to South Africa, as the sun heads toward its expected peak activity in July next year.

Wharf Wellness: Free four-day feel good festival returns

Canary Wharf’s signature four-day Wharf Wellness event is returning this summer, in with a packed programme of events, activities, and pop-ups. Whether visitors have 30 minutes spare, a lunch break away from their desk or a free evening to enjoy, this year’s event is offering experiences ...

Access Contemporary Music eyes shuttered 7-Eleven for music school, venue

Employees at fintech giant Revolut to cash in with $500m share sale

Bosses at Revolut, Britain's biggest fintech, are drawing up plans to allow employees to cash in with a sale of stock valued at hundreds of millions of pounds.

News24 Business | Shell vs Wild Coast communities: Supreme Court of Appeal reserves judgment

The Supreme Court of Appeal has reserved judgment on a nearly three-year battle between Wild Coast communities, and oil and gas giant Shell and Minister Gwede Mantashe.

EgyptAir plans to increase frequency of its Delhi-Cairo flights, make it a daily

RBI Revises Timeline For Government Treasury Bill Auctions

T-bills are short-term debt which are issued by the Government of India to cover its short-term borrowing needs. 

Mercedes-Benz workers vote against unionizing Alabama plant, halting UAW's streak

Mercedes-Benz workers voted against union representation in Alabama, a defeat for the United Auto Workers.

UK’s legal sector needs to improve its cybersecurity, say experts

One in ten data breaches over 2023 were in the UK legal sector as law firms are attractive targets for cybercriminals, experts say the sector needs better cybersecurity

Severn Trent boss defends multi-million pay packet

The water firm made 60,000 sewage spills last year but insists river quality is improving.

The WNBA enters its Caitlin Clark era

A new generation of stars is boosting the women’s basketball league. Is it ready to capitalise on that success?

Russian court seizes assets from UniCredit, Deutsche Bank and Commerzbank

A Russian court has ordered that Deutsche Bank's and Commerzbank's assets, accounts, property and shares be seized in Russia as part of a lawsuit involving the German banks, court documents showed.

Marks & Spencer set to ring up profits leap after impressive year

High street bellwether Marks & Spencer is expected to reveal a jump in annual profits on Wednesday when it reports back after a bumper year.

How Companies Dodge Tariffs

Protectionist trade policies are popular on both the left and right. But some economists say they’re likely to backfire.

News24 Business | Large consumer group welcomes electricity regulation amendment bill while Tshwane opposes it

The Energy Intensive Users Group has welcomed the passing of the Electricity Regulation Amendment Bill, which brings to effect Eskom's unbundling into three entities and paves the way for other generators to enter the electricity supply industry.

Unpaid carers being forced to repay £250m to DWP

One claimant unknowingly overpaid Carer's Allowance told the BBC her debts have brought 'considerable financial strain'.

IT Giant Cognizant Issues Warning For Employees: Return To Office Or Get Fired

The mandate follows similar moves by Tata Consultancy Services, Infosys, and Wipro, which also instructed their employees to return to the office in 2023.

What’s BlackRock Without Larry Fink? Shareholders Fret About Future.

Investors in the world’s biggest asset manager are asking how much more room it has to grow and who will drive that growth once its chief executive retires.