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Research: The dark side entrepreneurship personalities

Dark personality traits like Machiavellianism and psychopathy help founders better manage conflict among team members and sup -More- 

Inis Oirr and Git Maker to do us Proud

IT’S VERY much National season at the moment, with last week’s Grand National succeeded by Saturday’s Scottish Grand National (3.35pm) at Ayr. With Willie Mullins’ I Am Maximus winning at Aintree, the Closutton handler now leads the British Trainers’ Championship, despite only having ...

Andreessen Horowitz raises $7.2bn and sets sights on AI start-ups

Silicon Valley venture capital group hauls in one of the largest funds since downturn in tech sector

Austria investigates René Benko for fraud

Anti-corruption prosecutors are probing a loan made by a private bank to Signa property group

RBI introduces fresh guidelines for online payment merchants

RBI tightens scrutiny on online payment sector, introducing new guidelines with varying due diligence levels for merchants. Payment aggregators must track merchant-employed agents. Data storage restrictions start Aug 1, 2025.

Why rupee is weak when stocks are strong

Dollar's strength from US economy boosts interest rate expectations. Rupee weakens due to geopolitical tensions and high oil prices, impacting foreign investments. Positive outlook for rupee with enhanced balance of payments and low current account deficit expectations for FY24.

Flash your London Marathon medal for these top wellness freebies

From hot and cold baths to protein-filled refuels and bike rides, don't miss out on these post-London Marathon freebies.

The Biden administration recruits 15 states to help enforce airline consumer laws

The Biden administration is enlisting officials in 15 states to help enforce consumer-protection laws covering air travel. The U.S. Department of Transportation said Tuesday that it will give the states power to investigate complaints about airlines and ticket sellers, and then refer cases ...

Home security system unleashes a paintball on an intruder

A Slovenia-based company is in Kickstarter mode for its home security system called PaintCam Eve, which allows you to get eve -More- 

Flights diverted at one of world's busiest airports after year's rainfall in a day

Flights arriving into Dubai airport - the world's busiest for international travel - are being temporarily diverted this evening to other locations as the city-state is hit by major flooding after heavy rainfall.

Alstom close to securing a new train order for UK plant

French manufacturer holds talks with British government about a deal that could prevent job losses at Derby factory

New rule raises offshore decommissioning obligations

The Interior Department's Bureau of Ocean Energy Management has finalized a rule requiring federal offshore oil and natural g -More- 

Diversified's emissions reduction strategy pays off

Diversified Energy has achieved its 2030 emissions reduction target ahead of schedule by implementing an "aggressive" leak de -More- 

EPA stands firm on stationary turbine emission rules

Citing cancer risks, the Environmental Protection Agency has rejected a 2019 petition from the American Petroleum Institute a -More- 

2024 API Pipeline Conference and Expo, May 6-8, Salt Lake City, Utah

Global leaders continue to evolve in their formulas for a successful and just energy evolution.  -More- 

Coal miners getting new protections from silica dust linked to black lung disease

The Labor Department issued a new rule Tuesday intended to protect coal miners from poisonous silica dust that has contributed to the premature deaths of thousands of mine workers from a respiratory ailment commonly known as “black lung” disease. A rule announced by Acting Labor Secretary ...

Fire destroys Copenhagen's Old Stock Exchange dating to 1600s, collapsing its dragon-tail spire

A fire has swept through one of Copenhagen’s oldest buildings, causing the Old Stock Exchange's iconic dragon-tail spire to collapse. Passersby rushed to help emergency services save priceless paintings and other valuables from the burning 17th-century structure. The Danish culture minister ...

US files 2nd labor complaint after Mexico refuses to act on union-busting by a Mexican company

The United States has filed a labor complaint panel after Mexico refused to act on alleged union-busting by a Mexican company. The U.S. Trade Representatives Office said Tuesday it has filed a request for a dispute settlement panel under the U.S.-Mexico-Canada free trade agreement, known as the ...

Arctic communities speak out ahead of plastics treaty talks

Indigenous people from communities near the Arctic Ocean are speaking their piece as UN plastics treaty negotiators from 180  -More- 

Walmart Canada pilots reusable shopping bag recycling program

Walmart Canada has partnered with TerraCycle on a program that will allow shoppers to mail in and recycle their damaged or ex -More- 

Companies turning up the heat on thermal battery tech

Thermal batteries have caught the eye of MIT Technology Review readers and nabbed the 11th spot on the publication's list of  -More- 

Calif. achieves new milestone for renewables output

California's grid was 100% powered by renewables for periods ranging from 15 minutes to six hours for 30 of the last 38 days, -More- 

Fed's Powell: Elevated inflation will likely delay rate cuts this year

Federal Reserve Chair Jerome Powell cautioned that persistently elevated inflation will likely delay any Fed rate cuts until later this year, opening the door to a period of higher-for-longer interest rates. “Recent data have clearly not given us greater confidence” that inflation is coming ...

Southern governors tell autoworkers that voting for a union will put their jobs in jeopardy

On the eve of a vote on union representation at Volkswagen’s Tennessee factory, Gov. Bill Lee and some other southern governors are telling workers that voting for a union will put jobs in jeopardy. About 4,300 workers at VW’s plant in Chattanooga will vote this week on representation ...

Smartmatic and OAN Settle Defamation Suit

Smartmatic, an elections technology company, had accused the conservative broadcaster of amplifying baseless claims about election fraud.

Exclusive: Laybuy up for sale after turbulent time on public markets

Buy-now pay-later firm Laybuy has put itself up for sale and is hunting for potential buyers following a turbulent few years on the public markets, City A.M. can reveal.

Debt-saturated markets may soon face a ‘Minsky’ moment

Sell in May and go away, says the old stock market adage. Maybe that should be brought forward a week or two this time around.

ASX set to fall as Fed chair Jerome Powell flags rate-cut delay

The Australian sharemarket is set to open lower after the world’s biggest bond market was hammered anew and Wall Street edged lower as Jerome Powell signalled policymakers are in no rush to cut interest rates.

Police make arrests a year after theft of gold and cash worth millions at Toronto's Pearson airport

Authorities in Canada say they have made arrests in the theft of a cargo container that included gold and other items worth over 20 million Canadian dollars — about $14.5 million — that were stolen from Toronto’s Pearson International airport a year ago. Peel Regional Police and the U.S. ...

Global report: Few employers achieve full gender equality

Only 24% of employers say they've achieved gender equality at their companies, according to a global ManpowerGroup report, wh -More- 

HR leader at RGP creates cohesion for remote employees

RGP recognizes the importance of bringing remote employees together and has created a digital platform where they can collabo -More- 

Omnicom PR revenue drops 1.1% in Q1

Omnicom as a whole reported global revenue of $3.6 billion in Q1, up 4% organically from the same period in 2023.

Alstom in ‘intense discussions’ over new orders for Derby rail plant

Talks going on with UK government about potential deal for 10 new Elizabeth Line trains to prevent job losses

Ohio man fatally shot Uber driver after scam phone calls targeted both of them, authorities say

An Ohio man who authorities say fatally shot an Uber driver he thought was trying to rob him after scam phone calls deceived them both has been indicted on a murder charge. Eighty-one-year-old William Brock also faces counts of kidnapping and felonious assault in the indictment handed up Monday ...

IMF raises India's growth forecast

IMF raised India's GDP growth forecast to 6.8%. Global economy to grow at 3.2%. Challenges include inflation, supply-chain disruptions, energy crisis, and Russia's war on Ukraine. Gourinchas advises policymakers on resilience, govt finances, and growth.

Increase your confidence without being corrosive

Leadership confidence is about improving yourself, but not on the backs of others.  -More- 

India Inc votes to punch in at polling booths

Corporate India ensures voting participation by offering paid time-off. Private companies facilitate voting with holidays and travel policies. Various firms prioritize voting rights and awareness. Analysts cite market closures to facilitate voting requirements.

The factors pushing Americans to work past 65

Some Americans are working past traditional retirement age to fill financial gaps.  -More- 

EasyJet suspends flights to Israel until October

The airline blames the "evolving situation in Israel" for stopping journeys to Tel Aviv

Unemployment jumps as UK jobs market stalls

The slowing jobs market has raised questions over when the Bank of England might cut interest rates.

Retired general's testimony links private contractor to Abu Ghraib abuses

An Army general who investigated the abuse of prisoners 20 years ago at Iraq’s infamous Abu Ghraib prison has testified that a civilian contractor instructed prison guards to “soften up” detainees for interrogations. Retired general Antonio Taguba told jurors Tuesday that Steven ...

Broadcasters putting best face forward to recruit

Broadcasting recruiters are embracing novel ways to attract young talent to their industry amid severe labor shortages, Audac -More- 

Zee withdraws Sony merger plea at NCLT

Zee withdraws merger app against Sony, pursuing $90M claim in Singapore arbitration. Spent Rs 367 crore on failed deal. Focuses on cost-cutting measures like workforce rationalization, MD's pay cut amid industry consolidation concerns.

Higher the Covid toll, greater the faith in gold

Gold savings increased in Covid vulnerable districts, while financial assets decreased. Poorer households allocated more to gold. Higher financial access reduced gold allocation. 'Flight to safety' trend seen. Insights from International Review of Economics & Finance and RBI report.

Cruz’s Love must warrant Respect in bid for first win

MARK Newnham’s SHOW RESPECT, who lines up in the Magazine Gap Handicap (3.50pm) over the extended mile, rates the best bet on a nine-race Happy Valley card in Hong Kong today. Making excuses for gallopers, especially at Happy Valley, is a quick way to the ‘poor house’, but it’s hard not ...

Cheer could be welcome winner for title chasing Ng

LONG-time trainers’ title leader Pierre Ng is suddenly finding his stable under intense pressure from the chasing pack in the championship race. With just under three months of the season remaining – 24 fixtures left – Ng finds himself looking over his shoulder as trainer Francis Lui, ...

Premier League accused of lobbying against Football Governance Bill

Caroline Dinenage MP wrote to Premier League chief executive Richard Masters on Tuesday.

Supreme Court won't hear election denier Mike Lindell's challenge over FBI seizure of cellphone

The U.S. Supreme Court has denied a petition by MyPillow founder and election denier Mike Lindell to consider his challenge to the legality of the FBI’s seizure of his cellphone at a Minnesota restaurant drive-through. The high court, without comment Monday, declined to reconsider three lower ...

This is why people are likeable and how you can be too

When we meet people we instantly like, they probably share common traits of being authentic, good listeners, empathetic and e -More- 

Joint employer rule down for now but may return

The joint employer rule instituted by the National Labor Relations Board has been struck down by the Senate, mirroring reject -More- 

UK airport suspends operations due to 'security incident' on aircraft

Birmingham Airport has temporarily suspended operations due to a "security incident on an aircraft".

Border Force officers to strike for four days at Heathrow

Hundreds of Border Force officers will go on strike at Heathrow Airport later this month.

Who are the millions of Britons not working?

The unemployment rate is relatively low historically, but millions aren't working.

Participant, Maker of Films With Social Conscience, Calls It Quits

The company has had critical and commercial hits over two decades but has never made money consistently and faced a challenging entertainment landscape.

Regional US lenders expand fossil fuel backing

Citizens Financial Group, BOK Financial and Truist Securities are among a group of US regional banks that have increased lend -More- 

Iran's attack on Israel raises questions for oil market

Despite Iran's recent missile attack on Israel, the oil market remains stable with no immediate shortage, though the risk of  -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- 

Amazon has become the nation's top EV charging operator

Amazon's electric vehicle charging infrastructure isn't as noticeable as the likes of Tesla Superchargers, but that's because -More- 

States take legal action over EPA's oil, gas methane rule

In a motion filed last week, Oklahoma, West Virginia and 22 other states are urging the US Court of Appeals for the District  -More- 

Government would not have accepted ending Horizon software, ex-Post Office CEO says

The government would not have accepted faulty accounting software Horizon being phased out, a former Post Office chief executive told the inquiry into the wrongful prosecution of sub-postmasters.

The US economy is the envy of Europe and the UK - so why's it suffering a 'vibecession'?

In the circumstances, the numbers could hardly look much better.

How major US stock indexes fared Tuesday, 4/16/2024

Most U.S. stocks slipped as Treasury yields climbed again on rising expectations that interest rates may stay high for a while. The S&P 500 fell 0.2% Tuesday. The Dow Jones Industrial Average rose 0.2%, and the Nasdaq composite fell 0.1%. UnitedHealth helped support the market after jumping ...

The benefits of a strong employer value proposition

When recruiting new employees, a company is only as strong as its employer value proposition, which includes salary and benef -More- 

Emergency savings plan can help staff feel more secure

An emergency savings benefit is one way for employers to help their staff members handle unexpected hardships, feel more fina -More- 

Another record for New Jersey internet gambling revenue as in-person winnings struggle

New Jersey’s high-flying internet gambling market continues to smash records. But the amount of money won from in-person gamblers at seven of Atlantic City’s nine casinos is less than it was before the COVID19 pandemic. Figures released Tuesday by state gambling regulators show the casinos ...

Nissan says it will make next-generation EV batteries by 2028

Nissan expects to mass produce electric vehicles powered by advanced next-generation batteries by early 2029, the company said Tuesday during a media tour of an unfinished pilot plant.…

Cognizant CEO Kumar gets paid nearly 23 million dollar in FY23

Cognizant CEO Ravi Kumar S received $22.5 million in FY23 compensation. Financials showed a 0.3% revenue decline to $19.4 billion. The disparity in CEO-to-employee pay ratios and wage gap discontent among employees pose challenges."}

Skyports: Flying taxis company raises £88m ahead of 2026 launch

Skyports, a London-headquartered company developing flying taxis and vertiports, has raised $110m (£88.3m) to build a site in Dubai and launch services in 2026.

MPs hit out at BBC for cutting local radio to fund regional online services

Report finds broadcaster failed to set out clear plan to deliver benefits of wider strategy to move spending out of London

Justin Trudeau's government raises taxes on wealthiest Canadians in federal budget

Canadian Prime Minister Justin Trudeau is imposing higher taxes on the wealthiest Canadians as part of the federal government. The budget proposes to increase the capital gains inclusion rate, which refers to the taxable share of profit made on the sale of assets. The taxable portion of capital ...

Superdry boss hits back at 'not cool' criticism

The brand, which runs 216 shops as well as franchised stores, is looking at ways to save cash.

What is a 'freedom economy'?

Anti-vaccine activists, far-right groups and some religious conservatives convened in Las Vegas this spring to discuss the creation of a parallel economy. These are groups who believe their speech is threatened by big banks and big tech. On today's show, what is a "freedom economy," and how ...

Pharmaceutical, health tech firms lay off huge swaths of Bay Area workers

Hundreds of Bay Area employees at health companies will have to find new jobs.

US court rejects a request by tribes to block $10B energy transmission project in Arizona

A federal judge has rejected a request by Native American tribes and environmentalists to stop work on a $10 billion electricity transmission line slated to run through a remote valley in southern Arizona. The judge issued her ruling Tuesday after hearing oral arguments weeks ago on Pattern ...

Bangchak preps Norway petroleum facility

SET-listed energy conglomerate Bangchak Corporation continues to expand its petroleum business in Norway by developing a new production facility at the offshore Brasse petroleum field in the North Sea.

Axa turns to M&A deals to generate Thai growth

Axa Thailand General Insurance, a unit of the French multinational, is exploring merger and acquisition opportunities to help grow its presence in the highly fragmented non-life insurance industry here, says chief executive Claude Seigne.

Voting technology company settles lawsuit against far-right news outlet over 2020 election claims

A voting technology company targeted by bogus fraud claims related to the 2020 presidential election has settled a defamation lawsuit against a conservative news outlet. The settlement reached Tuesday between Florida-based Smartmatic and One America News Network is the latest development in a ...

Rio Tinto says global economy resilient, inflation easing despite patchy China

Shipments of its key commodity iron ore fell over the past three months as bad weather disrupted Rio’s ports, the mining giant said.

How Uday Shankar is helping Jio take on Google, Meta in India

Viacom18, under the leadership of 61-year-old media veteran Uday Shankar, aims to expand its market influence not only in TV advertising but also in digital revenues, currently dominated by tech giants like YouTube and Meta Platforms Inc. The company is considering integrating e-commerce into ...

Vande Bharat platform-led home made bullet train soon! Indian Railways looks to manufacture 250 kmph speed trains

Vande Bharat style home-built bullet train soon! India is constructing a domestically made high-speed bullet train with speeds exceeding 250 kmph. The project aims to enhance train speeds within the Indian Railways network.

Are video games coming for the novel?

With immersive storylines and powerful, emotive writing, some of the most thrilling fiction out there is being created in game form

Oops, Princeton bet on private equity

Plus, Raiffeisen Bank touts Russian growth in job ads and an investment banking boost in the US

European banks will struggle to get much ‘strategic’ love

Banking federation is calling for a more consistent set of rules across the EU

Oil Prices Surge Amid Geopolitical Tensions

Current crude oil prices are elevated due to conflicts in the Middle East, with ongoing tensions between Russia and Ukraine exacerbating the situation. Amidst the fragile global economic landscape, crude oil prices have declined in the first quarter of the year, whilst the OPEC+ group ...

The Notebook: Forget the polls, Labour is miles ahead on Linkedin

Michael Martins takes the Notebook pen to talk Linkedin politics, meeting 2024's batch of wannabe MPs, and upcoming literary revelry.

Labour must fund regulators or UK fintech could ‘falter’, Tony Blair’s think tank warns

A potential future Labour government must pump more cash into financial regulators or else the UK's fintech sector could decline, Tony Blair’s think tank has warned.

Listed company TClarke behind Theatreland’s stage lights to go private

TClarke, the London-headquartered firm which powered the world’s first electrically lit building - the Savoy Theatre - is to head into private hands.

The Debate: Is English nationalism a force for good?

English nationalism: an evil ideology or an innocent necessity?

Apple CEO says company is 'looking at' manufacturing in Indonesia

Apple CEO Tim Cook said the company is “looking at” manufacturing in Indonesia as he met with Indonesian President Joko Widodo on Wednesday. Widodo’s administration has worked for years to bring manufacturing to the country to power economic development, while Apple is seeking ...

Race ready: 50,000 get set for the TCS London

The City will be transformed into a runner’s dream, as thousands lace up their shoes for the ultimate endurance test: the TCS London Marathon.

United Airlines reports $124 million loss in a quarter marred by grounding of some Boeing planes

United Airlines said Tuesday that it lost $124 million in the first quarter, which it blamed on a three-week grounding of all Boeing 737 Max 9s after a…

China posts forecast-beating growth in first quarter

China's economy grew far more than expected in the first quarter of 2024, data showed Tuesday, even as it is buffeted by a property-sector crisis and flagging consumer…

City retail bounces back with Japanese poop museum

A Japanese museum devoted to “cute poop” is among the multiple new shops and restaurants which have opened in the past year and cut the CBD retail vacancy rate by 44 per cent.

YDM urges digital marketers to use AI to target key customers

Automated personalised contextual marketing using artificial intelligence (AI) is a key strategy in the Thai digital market that could foster organisational efficiency across various functions, according to digital marketing agency YDM Thailand.

Rever Leasing aims to lead EV loan market

Rever Leasing, an auto loan unit under Rever Automotive Co, the sole distributor of BYD electric vehicles (EVs), is poised to commence operations next month, setting a lofty goal to emerge as the premier provider of EV loans in Thailand in a few years.

PTG set to popularise Subway in Thailand

SET-listed PTG Energy, a local oil retailer, intends to rebrand the Subway fast-food restaurant, which is not widely popular in Thailand, after securing a master franchise agreement from Subway International BV.

Kyndryl sees opportunities in IT services

Digital transformation, the smart cloud, artificial intelligence (AI) and the modernisation of IT infrastructure are among the drivers of IT services growth in Thailand, according to Kyndryl, global tech infrastructure and managed service provider.

India's pulses import almost doubled in 2023-24, it may rise further this year

India is a large consumer and grower of pulses and it meets a portion of its consumption needs through imports. India primarily consumes chana, masur, urad, kabuli chana, and tur.

Japan records a trade deficit for the third straight fiscal year despite recovering exports

Japan recorded a trade deficit for the third straight fiscal year as the costs of energy and other imports rose and the yen remained weak. The data released Wednesday showed the deficit was $38 billion for the fiscal year that ended in March. The biggest trade deficits were in the Middle East, ...

Martin Gilbert faces investor revolt over governance concerns

AssetCo is one of the only UK public companies to have an all-male board, Glass Lewis says

In the rare earths Game of Thrones, Gina Rinehart grabs the crown

The federal government declared “the road to net zero runs through Australia’s resources sector” and Rinehart will be hoping for a decent spoonful from the profit pot at the end of that road.

Japan Coast Guard to expand fleet with 3 Airbus H225 helicopters

Japan Coast Guard (JCG) has ordered three Airbus H225 helicopters. The largest Super Puma operator in Japan received three H225s in December 2023 and one in February, and…

Birla eyes top three slots in financial services business

Aditya Birla Group aims for top spot in financial services through new digital platform, consumer ventures, and strategic investments. The ABCD D2C platform offers diverse financial products, payment solutions, and UPI transaction features to enhance customer experience and market presence.

UK lawmakers back landmark bill to gradually phase out smoking for good

A plan by Britain’s government to introduce a landmark smoking ban that aims to stop young people from ever smoking has cleared its first hurdle in Parliament despite vocal opposition from within Prime Minister Rishi Sunak’s Conservative Party. The bill will make it illegal to sell tobacco ...

Paris 2024: Olympic Games will achieve gender equality but choppy waters ahead

If Kenyan long-distance runner Peres Jepchirchir defends her Olympic title this year in Paris, she’s in for one almighty different reception at her medal ceremony compared to the Covid-hit Tokyo Games of 2021. Because for the first time ever the tradition of handing the men’s marathon ...

The Global Turn Away From Free-Market Policies Worries Economists

More countries are embracing measures meant to encourage their own security and independence, a trend that some say could slow global growth.

Take it from someone with ADHD – we’re not all lazy attention-seekers

ADHD is the perfect target for today's media, but calling the surge in diagnoses a "trend" won't help today's workforce, writes Simon Neville.

Big EV battery cell plant likely in two years

The Board of Investment (BoI) expects foreign investors to set up a big plant in Thailand to produce battery cells for electric vehicles (EVs) within two years, following its roadshow in China last week.

Uttar Pradesh now has the most GI-Tagged items in India

Uttar Pradesh has total of 75 GI products while Tamil Nadu follows behind with 58 GI products.

First product of Meghan's lifestyle brand revealed

The jars of strawberry jam, labelled America Riviera Orchard, have been shared with friends and influencers.

News24 Business | Graduate-focused PPS reports almost eightfold increase in profit

The Professional Provident Society (PPS), which provides insurance and investment products exclusively to graduate professionals, said members’ notional profit share accounts in SA and Namibia totalled R4.54 billion in 2023.

Urban Logistics REIT boosts rental income after failed Abrdn trust bid

Real estate investment trust Urban Logistics has seen rents jump significantly across its properties, as the warehouse owner recovers from its failed M&A bid earlier this year.

Just Eat: Brits continue to scoff takeaways but other nations lose their appetite

Only Brits ordered more takeaway from Just Eat in the first three months of 2024, compared to the same period last year.

Entain: Ladbrokes owner’s revenues hit by gambling regulations

Entain said that as the UK regulatory landscape levels out, it will "position our brands well for growth into 2025".

Liontrust continues to struggle with investor outflows despite positive fund returns

Investors continued to pull money from Liontrust’s funds in the first quarter of 2024. In a trading update issued this morning, the asset manager said it had recorded £1.2bn in outflows during the first quarter of 2024. Despite the massive withdrawals, the company’s assets under management ...

Unions in Greece call widespread strikes, seeking a return to bargaining rights axed during bailouts

Strikes called by Greece’s largest labor union have halted ferries and public transport services in Athens and other cities. The General Confederation of Greek Labor, GSEE, called the strikes to press for a return of collective bargaining rights axed more than a decade ago during a severe ...

News24 Business | Inflation cools for the first time this year

Annual consumer price inflation slowed for the first time this year, dropping to 5.3% in March, down from 5.6% in February and below some economists' estimates.

9- Seater Mahindra Bolero Neo Plus Launched; Check Features, Design, And Other Details

The Bolero Neo Plus is powered by a robust 2.2-litre mHawk diesel engine, delivering a maximum power output of 118 bhp and peak torque of 280 Nm

Bank Holiday Alert: Financial Institutions To Close On April 19, Know Why

The election will unfold in seven phases, starting from April 19 and concluding on June 1, 2024. 

Aston Martin and Lamborghini supplier Surface Transforms sets out ‘worst case scenarios’

Surface Transforms, a supplier to the likes of Aston Martin and Lamborghini, has set out its growth expectations for the year after a shareholder requested it revealed its "worst case scenarios".

Severfield launches buyback as booming steel demand in UK and Europe powers record backlog

The acquisition of Voortman has helped the firm diversify from its home market in the UK, with 32 per cent of its order book now located in Europe.

Time Out to open in Budapest, Abu Dhabi and Vancouver in 2025 – but still no London market

To add to its existing seven food and drink markets, Time Out also has plans to open eight other sites in the next three years.

The Star dumps documents while former executives trash business

The Star Entertainment Group released a swath of documents beyond deadline and after the former chief financial officer had alleged the business had tried to cook the books.

Everything You Need to Know About Smartphone Backups

It doesn’t take a lot of work to keep copies of your phone’s photos, videos and other files stashed securely in case of an emergency.

Biden wants to hike tariffs on imports of Chinese steel and aluminum

The White House says China uses subsidies and government programs to undercut U.S. steel. President Biden wants to triple tariffs on the imports and take other new steps to curb imports.

London Gatwick co-owner strikes £1.27bn deal for majority stake in Edinburgh Airport

A majority stake in Edinburgh Airport has been acquired by French infrastructure group Vinci for £1.27bn, it has been confirmed.

Employee benefits provider Wagestream secures £17m funding boost

An employee benefits platform used by Asda and Burger King has secured close to £20m in new funding from investors including a subsidiary of the British Business Bank (BBB).

US navy flies aircraft through the Taiwan Strait a day after US-China defense chiefs hold rare talks

The U.S. 7th Fleet says a Navy P-8A Poseidon has flown through the Taiwan Strait. The flight on Wednesday came a day after U.S. and Chinese defense chiefs held their first talks since November 2022. The 7th Fleet said in a statement that the patrol and reconnaissance plane “transited the ...

Dollar strength: Why developing countries are nervous

Emerging economies are wary of the strength of the US dollar. They are taking steps to ensure the soaring greenback doesn't fuel inflation and derail growth. We explain why they remain vulnerable.

Starmer’s most exciting policy may not be the one that garners any votes

While Labour's devolution plans alone won't pull in the votes, giving the public a bit more of a say over what happens in their neighbourhoods can only be a good thing, Jessica Frank-Keyes writes

Chancellor Jeremy Hunt: Conservatives will cut taxes again in autumn ‘if we can’

Speaking to the Financial Times, the Chancellor said further tax cuts were on the table for an autumn fiscal event, but stressed it would depend on "responsible management of the economy".

AIM: Another firm bails out of listed status due to £250,000 admin costs

Scirocco, an AIM-listed operation, will delist due to high admin costs and what it describes as limited flexibility on the public markets

Seoul, Tokyo vow 'appropriate action' on weak yen and won

South Korea and Japan shared "serious concerns" on the recent weakness of their currencies against the dollar and agreed to take "appropriate actions" to counter extreme volatility, the…

BoQ profits stifled as inflation, higher funding costs shred margins

The bank unveiled a cash profit of $172 million in the six months to February 29, down 33 per cent compared to the first half of last year.

VW Workers in Tennessee Start Vote on U.A.W., Testing Union Ambitions

The United Automobile Workers hopes contract gains at the Big Three carmakers will provide momentum in a broad effort to organize nonunion plants.

Australia’s ‘iron lady’ builds rare-earth stake in push to secure non-Chinese supply

Mining billionaire Gina Rinehart seen as possible kingmaker after merger talks fail between two critical-mineral developers

Bank of England governor talks up interest rate cut prospects as inflation eases to 3.2%

The governor of the Bank of England has signalled the UK is still on course for an interest rate cut as official figures show a further easing in the pace of price growth in the economy.

Saga cruises back to growth as over 50s return to the high seas

Saga's ocean cruising business roared back to life with underlying profit before tax hitting £35.5m, compared to an underlying loss after tax of £0.7m in the previous year.

De La Rue: Struggling British banknote maker reassures market it’s on track to hit profit target

Last year, the company informed markets that demand for banknotes had slumped to the lowest level in 20 years.

Asos ahead of schedule turning ‘stock into cash’ as revenue drops 18 per cent

Online retailer Asos said it was ahead of plan with its stock reduction process, as it ploughs ahead with its turnaround plan.

Japan records trade deficit for third straight fiscal year despite recovering exports

Japan recorded a trade deficit for the third straight fiscal year as the costs of energy and other imports rose and the yen remained weak. The deficit was…

Inflation in U.K. Slows to 3.2%, Lowest in More Than 2 Years

As the economy cools, pressure is building on the Bank of England to cut interest rates.

Biden to Call for Tripling Tariffs on Chinese Steel Products

In a speech to union steelworkers in Pittsburgh, the president will announce several new measures meant to raise new barriers against floods of Chinese imports.

Medicare's push to improve chronic care attracts businesses, but not many doctors

Most Medicare enrollees have two or more chronic conditions, making them eligible for a program that rewards physicians for doing more to manage their care. But not many doctors have joined.

Why this vote at a Tennessee Volkswagen plant is historic for the South

Volkswagen workers in Chattanooga, Tenn., are voting this week on whether to join the United Auto Workers union. Two previous attempts to unionize the plant failed. Ballots will be counted on Friday.

Biden calls for tripling of tariffs on Chinese steel

US also to probe Chinese shipbuilding as president’s re-election campaign fights for votes in Pennsylvania

Biden is seeking higher tariffs on Chinese steel as he courts union voters

President Joe Biden wants to triple U.S. tariffs on steel from China. The president plans to make the announcement that he is out to better protect American producers from Beijing’s “industrial overcapacity” in an address to steelworkers in Pennsylvania on Wednesday. The move reflects the ...

Timing of Bank of England interest rate cuts thrown into doubt after hot inflation data

This week market caution looks justified following two upside surprises on two crucial pieces of economic data.

Volkswagen Touareg eHybrid review: Power to the people

Tim Pitt drives the 2024 Volkswagen Touareg, a large SUV with plug-in hybrid tech and a premium price tag. 

News24 Business | May fuel prices: Bad news and good news

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

I was always told Horizon was robust, Post Office investigator says

Jon Longman was involved in the case of former sub-postmistress Seema Misra, who was wrongly convicted and jailed.

Andy Murray receives French Open boost as he steps up injury comeback

The Briton ruptured ligaments at the Miami Open but is now out of a protective boot. 

Brooks Macdonald outflows surge to £300m as cost-cutting pays off

Investors in Brooks Macdonald pulled £300m from the asset manager's funds last quarter, much higher than previous months.

Despite global instability, IMF says world economy show 'remarkable resilience'

NPR's Leila Fadel talks to Pierre-Olivier Gourinchas, chief economist at the International Monetary Fund, about the health of the global economy.

Aerospace parts manufacturer Loar Holdings aims up to $2.28 billion valuation in US IPO

Next 15 FY revenue declines in PR division

Next 15 has reported a 6.3 per cent decline in organic revenue in the division that includes its main PR agencies for the year to 31 January 2024.

Edelman names EMEA chief creative officer

Edelman has promoted an experienced creative to take over the reins as chief creative officer across EMEA.

Premiership needs ‘Fortnum and Mason’ signings like Barrett, says Exeter boss

Barrett will join Leinster on a short-term deal next season in a major coup for the Irish province.

UK smoking ban: everything you need to know

Despite some opposition, the UK smoking ban bill passed with significant support, including backing from Labour MPs.

Why Boeing chief’s $33mn pay is hard to justify

Dave Calhoun was awarded a 45% increase in total pay last year

Edmunds: Avoid these 3 mistakes when buying a used car sight unseen

Sometimes you need to buy a car you’ve never seen. And there may be powerful reasons to do so. Buying a vehicle online and sight unseen allows you to potentially shop the nation’s entire inventory of cars rather than what just happens to be sitting around at your local dealership. That’s ...

F.T.C. Said to Consider Blocking Major Fashion Merger

Regulators are expected to meet next week to discuss the $8.5 billion deal between Coach’s owner, Tapestry, and Michael Kors’ parent company, Capri Holdings, which would create a U.S. luxury conglomerate.

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

Crisis Conference is almost here; Why the Gen Z job search is like online dating; WPP whistleblower reports up in 2023.

PMQs sketch: Trusst back in politics? 

Thanks to Liz Truss, a surfeit of salad-related attempts at humour emerged during PMQs this week. We take you through the highlights.

IMF warns Britain must address ‘fundamental’ fiscal imbalances

By 2029, global debt is projected to be roughly equal to global output.

Eli Lilly weight-loss drug found to address sleep apnoea in trial

Study results could encourage US Medicare system and private insurers to cover tirzepatide treatments

Tesla Calls for New Vote on Elon Musk’s Pay Package

The electric vehicle maker will ask shareholders to vote again on a multibillion-dollar compensation package that was voided by a judge in January.

Chevron bolsters low-carbon tech drive with $500M fund

Chevron Technology Ventures has committed $500 million to its third fund, Future Energy Fund III, to invest in low-carbon tec -More- 

Abu Dhabi’s Taqa in talks to buy stake in Spanish utility Naturgy

Gulf energy group in discussions with CVC and GIP about possible acquisition of their shares

Tesla asks shareholders to approve move to Texas and ratify Musk’s pay

Delaware court previously voided chief executive’s $56bn remuneration

Genes of coffee arabica reach back 600,000 years

Coffea arabica, the species that makes up 60% to 70% of the world's coffee, emerged about 600,000 years ago in Ethiopia from  -More- 

Holiday trade hit by 'horrendous weather'

Campsites and outdoor attractions say the wet and windy Easter break hit their bookings.

IIFL Finance To Raise Rs 1,272 Crore Via Rights Issue

Last month, the RBI barred IIFL Finance Ltd from disbursing gold loans, with immediate effect following multiple supervisory concerns.

The Teacher’s Lounge: German drama is an intense allegory

A school becomes an allegory for society in tense German drama The Teacher’s Lounge, which was nominated for Best International Film at this year’s Oscars.  Leonie Benesch stars as Carla, an idealistic new teacher at a high school where there have been a series of thefts. After one of her ...

United Airlines jumps after results beat 'dramatically low' expectations

United Airlines witnessed a premarket surge of approximately 5.3% on Wednesday, propelled by an optimistic profit outlook for the second quarter and robust first-quarter performance, notwithstanding a $200 million setback related to Boeing's safety crisis. The airline's forecast indicated ...

Samsung Aims For Rs 10,000 Cr Revenue From Its AI TV Business In India

As per analysts, no TV brand in the country has achieved the Rs 10,000 crore revenue milestone before.

Post Office chief executive ‘exonerated’ of misconduct after review

External report was prompted by allegations about Nick Read’s behaviour

Telegram will 'probably' hit one billion users within the year - what is it and why is it so popular?

Telegram, one of the world's biggest social media networks, "will probably hit one billion active monthly users within the year", according to the app's billionaire founder Pavel Durov.

News24 Business | SA's unemployment is only going to get worse, IMF says

Of the countries surveyed by the IMF in its World Economic Outlook, only Sudan's unemployment rate was worse than South Africa's.

SPR release likely in response to gasoline price rally

President Joe Biden's commitment to maintaining affordable gasoline prices may prompt future releases of crude oil from the S -More- 

Post Office boss 'exonerated' after investigation into bullying allegations

The Post Office's chief executive has been "exonerated of all misconduct allegations" following an investigation into allegations of bullying.

Metro Bank cancels bonuses for all executives after turbulent year and rescue

Metro Bank has cancelled the bonuses of all its executive directors following a turbulent 2023.

‘First of its kind’: Prominent lawyers write to Prime Minister for urgent support on Genocide Determination Bill

The Bill was introduced on 4 December to the House of Lords, and is a first of its kind in the world.

API data show US crude oil inventory build last week

The American Petroleum Institute has reported a 4.09-million-barrel jump in US crude oil stockpiles for last week, while gaso -More- 

BNEF: RSG on track to dominate US gas production

As global demand for cleaner energy products grows, responsibly sourced natural gas is expected to account for 45% of total U -More- 

Russia to grow faster than all advanced economies

The IMF estimates Russia's economy will grow faster than the likes of the US, UK and Germany this year.

Post Office chief Nick Read ‘exonerated of all misconduct’ claims in external report

The head of the Post Office has been “exonerated of all misconduct allegations” in an independent and unseen report released today. Nick Read was let off the hook by an external report, which former chair Henry Staunton claimed contained accusations about his behaviour. Among claims were ...

UK rental costs rise at record 9.2%

Official figures highlight impact of higher borrowing costs on landlords and tenants

Bank holiday in several cities on April 19 due to Lok Sabha elections Phase 1; check details

Lok Sabha Elections 2024 trigger bank closures in various cities, with states declaring holidays for voting days. Special provisions by Uttarakhand, Nagaland, and Tamil Nadu facilitate voting participation. Tripura banks close for Garia Puja celebrations.

Tesla will ask shareholders to reinstate Musk pay package rejected by Delaware judge

Tesla will ask shareholders to reinstate the compensation package for CEO Elon Musk that was rejected by a judge in Delaware this year and to move the electric carmaker’s corporate home from Delaware to Texas. In January, Chancellor Kathaleen St. Jude McCormick ruled that Musk is not entitled ...

8 ways to personalize your rental — and get your deposit back

Renters can personalize their living spaces for greater comfort and style without jeopardizing their security deposits. Removable wallpaper, rugs and curtains offer temporary yet impactful ways to add color and design. Upgrading cabinet hardware and light fixtures provides a budget-friendly ...

News24 Business | SA lost 20% of its dollar millionaires over the last decade

The number of millionaires living in Africa dropped by nearly 20 000 in the past decade as the continent’s ultra-rich either moved away or saw dramatic currency depreciations eat away at their wealth.

Yamaha Launches Aerox S With Keyless Ignition; Check Features, Performance

One of the standout features of the Yamaha Aerox S is its keyless ignition system which is usually reserved for higher-end vehicles.  

Civil War: Alex Garland film is a stark, timely warning

Civil War is a stark warning to a divided political landscape. It may not hit the targets you expect, but it leaves a lasting impression.

Alstom in ‘intense discussions’ over new Elizabeth Line trains to save Derby plant

Train manufacturer Alstom is in “intense discussions” with the government over possible new train orders to save its struggling Derby plant.

‘Czech Sphinx’ West Ham director makes bid for Royal Mail owner IDS

EP Corporate Group submitted a proposal to IDS's board last week, seeking to purchase all outstanding shares.

Georgia's parliament votes to approve so-called 'Russian law' targeting media in first reading

Georgia’s parliament has voted in the first reading to approve a proposed law that would require media and non-commercial organizations to register as being under foreign influence if they receive more than 20% of their funding from abroad. Opponents say the proposal would obstruct ...

Adani family infuses additional Rs 8,339 crore in Ambuja; its stake rises to 70.3%

New BT chief dusts off plan for sale of Irish corporate unit 

The new boss of BT Group is dusting off plans for a sale of its Irish corporate business four years after her predecessor called off tlls a deal.

Hugh Grant says he got 'enormous sum' to settle suit alleging illegal snooping by The Sun tabloid

Hugh Grant says he received “an enormous sum of money” to settle a lawsuit accusing the publisher of The Sun tabloid of unlawfully tapping his phone, bugging his car and breaking into his home to snoop on him. The actor said Wednesday that he did so reluctantly to avoid potentially hefty ...

Tory MPs led by IDS: Biden’s liquefied natural gas curbs risk reliance on Russian energy

A group of nearly two dozen Conservative MPs led by former party leader Iain Duncan Smith has warned that Joe Biden's decision to curb US energy exports to the UK and Europe risks making his allies reliant on Russia to meet their energy needs.

API Training Course - Virtual Dates Available | API Fundamentals of Auditing and Lead Auditing

The Fundamentals of Auditing two-day course covers auditing fundamentals and processes unique to the API program.  -More- 

Summer of intense weather pushed the power grid to the brink

Storms in Victoria and heatwaves in Queensland strained the power grid and drove wholesale prices higher as Australia faced its third-hottest summer on record.

Bitcoin ATMs flood Black, Latino areas, charging fees up to 22%

As digital assets surge back into the spotlight following a period of price drops, experts caution about the inherent risks in one of the industry's most basic forms: Bitcoin teller machines (BTMs). BTMs are physical kiosks found at gas stations, convenience stores, and more, allowing users ...

Fixed-income, equities traders beat Q1 estimates

Fixed-income and equities traders at five of the biggest banks beat expectations in the first quarter, posting almost $2 bill -More- 

China's regulators, banks face anticorruption investigation

China's regulators, the central bank and some of the country's largest banks are under an antigraft inspection as the country -More- 

50 days to T+1 transition -- the last mile

On Monday, April 8 -- 50 days before the US transitions to a T+1 settlement on May 28 -- SIFMA, ICI, DTCC and Deloitte hosted -More- 

Abbott Labs tops Q1 expectations, raises low end of 2024 guidance range

Abbott Laboratories on Wednesday reported first-quarter profit of $1.23 billion. The Abbott Park, Illinois-based company said it had net income of 70 cents per share. Earnings, adjusted for one-time gains and costs, were 98 cents per share. The results surpassed Wall Street expectations. The ...

ISA joins hands with Bhutan to spur growth of solar energy in the Himalayan kingdom

ZEEL announces streamlined structure, Punit Goenka assuming direct charge of critical verticals

Trains, Trucks and Tractors: The Race to Reroute Goods From Baltimore

Since the collapse of the Key Bridge, other East Coast ports have absorbed the cargo previously handled in Baltimore, but some parts of the supply chain like trucking are struggling.

EU demands answers on money-for-views version of TikTok

The platform has been given 24 hours to provide information about the potential risks of TikTok Lite.

Four things we learned from the London mayoral debate

We've picked out the top four things we learned when the four top London mayoral election candidates went head to head on live TV.

New study calculates climate change's economic bite will hit about $38 trillion a year by 2049

A new study says climate change will reduce future global income by about 19% in the next 25 years compared to a fictional world that’s not warming, with the poorest areas and those least responsible for heat-trapping gases taking the biggest monetary hit. Wednesday's study says climate ...

Biden calls for tripling tariffs on Chinese metals

It is the latest protectionist policy to be embraced by the White House in an election year.

Amazon removed Just Walk Out from many of its own stores but wants to sell the system to others

Amazon wants other businesses to know it’s not giving up on its Just Walk Out technology. Although the company is ditching the cashier-less checkout system at its Amazon Fresh grocery stores, it plans to sell the technology to more than 120 third-party businesses this year. Just Walk Out uses ...

Wednesday evening news briefing: Angela Rayner investigated over council tax fraud claims

High-speed firm Jane Street raked in trading revenue at start of 2024

Documents show $4.4bn generated during first quarter rivalled sums at Wall Street banks

Owner of ship in Baltimore bridge collapse asks cargo owners to help cover salvage costs

The owner of the container ship Dali has initiated a process requiring owners of the cargo on board to share salvage costs after the deadly collapse of Baltimore’s Francis Scott Key Bridge. The ship’s owner, Singapore-based Grace Ocean Private Ltd., made what’s known in maritime law as a ...

Government notifies liberalised FDI norms for space sector to boost foreign investment

Elon Musk says Texas forever. Shareholders shouldn’t

Tesla wants to relocate its corporate domicile but institutional investors like Delaware’s sophistication and predictability

Almost one million renters given no-fault evictions since Tories promised to scrap them five years ago

Almost one million private renters in England have been handed no-fault evictions since the Conservative government promised to abolish them, new data has shown.

Persistent shortage of growth hormone frustrates parents and clinicians

As a shortage of growth hormone used to treat rare diseases in children drags on, families and doctors are struggling with insurers' requirements to get prescriptions filled.

Billions vanish from retirement funds after pension providers shutter

FSCS was able to pay back about £1.2bn in compensation over the last five years, meaning that investors were left with up to £800m in lost pension funds.

Tesla asks investors to approve Musk’s $56 billion pay again

Tesla Inc. plans to seek approval from shareholders once more for Elon Musk's $56 billion compensation package after a court voided it earlier this year. The proposal, revealed in a proxy filing on Wednesday, also includes a vote on relocating the company's state of incorporation to Texas from ...

Major new film and TV studio campus to be built in Scotland

A major new film and television studio campus is to be created in Stirling.

'Carnage' at Dubai airport as UAE hit by 'heaviest rainfall in 75 years'

Record rainfalls in the United Arab Emirates and the wider Gulf region have flooded major roads and caused "carnage" at Dubai's international airport.

Ford recalls over 456,000 Bronco Sport and Maverick cars due to loss of drive power risk

Ford is recalling more than 456,000 Bronco Sport and Maverick vehicles due to a battery detection issue that can result in loss of drive power. According to the National Highway Traffic Safety Administration, the body and power train control modules for these cars may fail to detect changes ...

United Airlines says Boeing blowout cost it $200m

The firm had to ground its Boeing 737 MAX 9 fleet after a mid-air blowout on an Alaska Airlines flight.

Government and trade body urge BBC to refresh local news plans

"We are concerned the BBC was too confident of what it can deliver in the future," a Committee report published today said.

The next Mayor must extend the Night Tube

The Night Tube only covers half of lines and doesn’t run on a Thursday – the busiest night for socialising in the City. Extending it would get London nightlife back on track, says Mimi Yates If you’ve attempted a night out in the capital recently, you’ll recognise the scenario. After ...

An NPR editor who wrote a critical essay on the company has resigned after being suspended

A National Public Radio editor who wrote a critical essay saying that his company had become intolerant of all but liberal views has resigned. Uri Berliner, an editor on NPR's business desk, posted his resignation letter on social media. A day earlier, NPR reported that Berliner had been ...

White House mulling higher tariffs on Chinese steel

President Joe Biden is calling for a steep increase in tariffs on steel and aluminum imported from China.  -More- 

IMF upgrades world economic outlook

The International Monetary Fund expects global economic activity to grow 3.2% this year, an upward revision from the previous -More- 

Buyers turn to Treasurys as 2-year yield hits 5%

The yield on the 2-year Treasury has climbed as high as 5%, luring back buyers, even as the market struggles with negative se -More- 

Quick Heal enters US-based AI consortium

Quick Heal Technologies joins US AISIC for responsible AI adoption and collaborates with NIST NCCoE. Seqrite Labs contributes to AISIC groups, highlighting India's cybersecurity maturity and R&D focus in the face of AI opportunities and challenges for global readiness.

Alaska Airlines briefly grounds flights due to technical issue

Alaska Airlines briefly grounded all flights Wednesday due to a technical issue. The Seattle-based airline says it requested a ground stop for all Alaska and Horizon air flights out of an abundance of caution after experiencing an issue during upgrades to the system that calculates “our ...

Abu Ghraib military contractor warned bosses of abuses 2 weeks after arriving, testimony reveals

A civilian contractor sent to work as an interrogator at Iraq’s infamous Abu Ghraib prison resigned within two weeks of his arrival and told his corporate bosses that mistreatment of detainees was likely to continue. Jurors saw the October 2003 email from the interrogator who worked for ...

US probe of Hondas that can activate emergency braking for no reason moves closer to a recall

A U.S. government investigation into unexpected automatic braking involving nearly 3 million Hondas is a step closer to a recall. The National Highway Traffic Safety Administration said Wednesday it has upgraded a probe opened in February of 2022 to an engineering analysis. The agency received ...

Toshiba mulls cutting thousands of domestic jobs to reduce costs

Toshiba Corp is considering cutting thousands of workers in Japan as part of efforts to reduce costs and improve business efficiency, sources familiar with the matter said Wednesday.…

Cathie Wood takes her Ark ETFs to Europe as US investors jump ship

Flagship fund is down nearly 17% in 2024 while its outflows have totalled more than $1.8bn

New York competition, smoking, internet betting concerns roil US northeast's gambling market

Casinos in the northeastern U.S. are dealing with numerous challenges as they brace for the arrival of new competitors in New York City. A potential smoking ban in Atlantic City, an ongoing debate over whether internet gambling hurts or helps the bottom line of physical casinos, and the loss ...

Paytm gets NPCI nod to shift users to other banks

NPCI-approved One97 Communications transitions users to partner PSP banks for seamless UPI payments, leveraging robust infrastructure for users and merchants. Stock price closes at Rs 391.

PepsiCo takes holistic approach to water conservation

PepsiCo has invested significantly in roughly 35 water efficiency projects worldwide, resulting in innovations such as captur -More- 

AI investments set to slowdown

Investments in AI, including venture funding and mergers and acquisitions, will slow going forward, according to industry exp -More- 

3 ways AI can improve B2B online purchasing

Business-to-business marketers can use AI in three ways to power improved e-commerce experiences, including tapping generativ -More- 

NBA player gets lifetime ban for gambling on basketball games

Penalty against Toronto Raptors player Jontay Porter comes amid concerns about betting industry’s influence on sport

The benefits of hiring "opportunity youth"

People ages 16 to 24 represent a large pool of untapped workforce talent, according to a new report, which recommends employe -More- 

LinkedIn to add Verified Recruiter credential

Weary of job scrams, LinkedIn has added a wrinkle for recruiters: Soon they'll be identified as Verified Recruiter badges sim -More- 

4 ways to ensure employee recognition hits the mark

Being thoughtful and intentional about how and when you recognize your employees for a job well done can boost loyalty and re -More- 

Co-operative Bank and Coventry near agreement on landmark £780m deal

The Co-operative Bank will this week move a step closer to regaining its mutual status when it announces that it has struck a £780m deal to be bought by the Coventry Building Society.

12 Best Background Check Sites of 2024: In-depth Analysis

(Ad) Discover the best background check services. Compare prices, features, and user reviews to make an informed decision for your personal needs.

Biden, Competing With Trump to Be Tough on China, Calls for Steel Tariffs

Speaking to the United Steelworkers union in Pittsburgh, the president urged major increases to some tariffs on steel and aluminum products from China.

A New Home for Sundance? Festival Organizers Say It’s Possible.

A 13-year contract with Park City, Utah, is set to expire in 2026 and the film festival is beginning a review process to see if it should move.

Boeing Whistle-Blower Details His Concerns to Congressional Panel

Sam Salehpour, an engineer at Boeing for over a decade, testified that the company introduced production shortcuts in an attempt to address bottlenecks.

Mystery gold buyer is betting on geopolitical and financial mayhem

A powerful force is stalking the world’s gold market. It is operating in the shadows. Is somebody preparing for an escalation of the shadow Third World War?

Review ordered into another Post Office IT system amid claims of more wrongful convictions

The government has agreed to have an independent expert review of a Post Office IT system predating Horizon, amid claims dozens more sub-postmasters may have been wrongly convicted.

Tesla doubles down on Musk’s $87b pay package, dismissing court ruling

The electric carmaker will ask shareholders to vote again on massive compensation package for Chief Executive Officer Elon Musk that was nixed by a Delaware court early this year.

CSX profit drops 10% despite railroad delivering 3% more freight in first quarter

CSX railroad's first-quarter profit slipped 10% even though the railroad delivered 3% more goods as the mix of shipments it handled shifted to a less-profitable mix. The railroad based in Jacksonville, Florida, said Wednesday that it earned $893 million, or 46 cents per share, in the first ...

ASX to open stronger, even as falling tech stocks drag down Wall Street

The Australian sharemarket is set to open stronger this morning, despite Wall Street posting its fourth straight day of losses, with investors waiting for the latest employment data.

Tesla asks shareholders to reapprove huge Musk pay deal

Electric vehicle maker Tesla will ask its shareholders to vote again on a $56 billion compensation package they had approved in 2018 for CEO Elon Musk before it…

Tesla asks investors to OK Musk's 56 billion dollar pay again

Tesla re-votes on $56B Musk compensation voided by Delaware court. Denholm criticises. Lawsuit over CEO pay. Musk's 13% ownership. Global headcount cut. Bloomberg reports.

'Eventful' year weighs on IPL advertisement spends

The Mumbai Indians vs. Chennai Super Kings match drew 71.5 crore views. Anita Nayyar and Sandeep Goyal comment on the impact of the T20 World Cup on IPL ad rates and reduced ad spending. Sajal Gupta discusses the influence of VC funding on IPL advertising.

Peer-reviewed study lends support to forestry credits

Carbon credit schemes involving Reducing Emissions from Deforestation and Forest Degradation have recently been accused of gr -More- 

SCOTUS decides workplace discrimination, forfeiture cases

The US Supreme Court ruled unanimously today that a federal law prohibiting workplace bias did not require former St.  -More- 

OpenAI’s model all but matches doctors in assessing eye problems

Research harnesses power of generative artificial intelligence in latest sign of its potential use in medicine

US reimposes oil sanctions on Venezuela as hopes for a fair presidential election fades

The Biden administration has reimposed crushing oil sanctions on Venezuela in a rebuke to President Nicolas Maduro’s attempts to consolidate his rule just six months after the U.S. eased restrictions in a bid to support now fading hopes for a democratic opening in the OPEC nation. In October, ...

Q&A: Phish's Trey Anastasio on playing the Sphere, and keeping the creativity going after 40 years

Phish has been performing to thousands of dedicated fans for decades and prides itself on never playing the same show twice. Those fans will get another new experience this week when Phish takes the stage at the $2.3 billion Sphere in Las Vegas this week as the first band to perform there after ...

Toyota to recall over 130,000 Prius hybrid cars due to door glitch

Toyota Motor Corp said Wednesday it is recalling a total of 135,305 units of the Prius hybrid car in Japan, citing a rear door handle glitch. The automaker…

SF exec defends 'brutal' tech trend: Lay off workers to free up cash for AI

"It's brutal," Dropbox's CEO said of laying off workers to free up cash for spending on AI.

A whiff of wishful thinking about Hunt's declaration of economic 'soft landing'

It's not quite a Mission Accomplished moment - the equivalent of that day in 2003 when George W Bush stood on an aircraft carrier and prematurely declared the Iraq war was over.

Boston Dynamics’ Atlas Robot Is Leaping Into Retirement

It has been replaced by a new model, which will be used in automotive manufacturing. A farewell video featured the old machine running outdoors, performing back flips and awkwardly shimmying.

No big bang reforms in BJP manifesto: Citibank

Citibank disappointed with lack of 'big bang' reforms in BJP manifesto but hopeful. Economist report highlights missing structural reforms, privatisation, and continuity focus. Manifesto lacks 'Make in India' explicit mention.

Companies look to thorium as potential fuel alternative

Transmutex and Copenhagen Atomics are among companies working on a nuclear reactor that uses the thorium fuel cycle.  -More- 

World has much to celebrate on climate progress

Reports on surging oil and gas demand and rising temperatures may make it seem like the world is making little progress on cl -More- 

Profiting off greater risk: the reinsurance game

When an insurance company can't cover all of its claims, it actually has its own insurance. This is called "reinsurance." How does that work and why do reinsurers look at their risk pool differently than say home or auto insurers? *Related episodes: *Why is insurance so expensive right now? ...

US stocks notch first 4-day losing streak since start of January

Cybersecurity startup funding is fairing well

Cybersecurity startup fundraising picked up last quarter, raising $2.7 billion across 154 deals, according to Crunchbase data -More- 

Why bootstrapping is always best

If you can build your startup via bootstrapping, do it, writes Freiling Agency CEO Tom Freiling, as it forces you to be more  -More- 

Program preps young adults with disabilities for workforce

Project Wright Access helps Chicago-area young people with disabilities gain the work and life experience they need to help t -More- 

How major US stock indexes fared Wednesday, 4/17/2024

Sinking technology stocks sent Wall Street lower again, and the S&P 500 fell to its fourth straight loss. The index dipped 0.6% Wednesday for its longest losing streak since early January. The Dow Jones Industrial Average edged down by 0.1%, and the Nasdaq composite fell 1.1%. Tech stocks ...

Historic flooding event hits UAE, disrupts Dubai airport

The United Arab Emirates was hit by a storm Monday night that dropped more than five inches of rain over 24 hours and which t -More- 

US and China’s mounting debts could hurt us all

Rising government debt and deficits in the world’s two largest economies could have spillover effects to the rest of the global economy.

Project 'Ghostbusters': Facebook secretly spied on Snapchat data, docs allege

New docs from a monopoly lawsuit shed light on Facebook's "Ghostbusters" project.

IMF Backs Modi Government's Economic Policies; Expects India To Rev Up Global Growth As China Falters

The IMF’s World Economic Outlook report, released on Tuesday, has not only raised India's growth forecast by 0.3 percentage points to 6.8 per cent for 2024-25 but also sees the country as a bright spot "supporting global growth over the medium term and spill over to other countries".

Chinese EV battery firms 'eye Thailand'

The Board of Investment (BoI) said it believes that at least two leading Chinese manufacturers of electric vehicle (EV) battery cells will choose Thailand to make their wares, with a combined initial investment of 30 billion baht.

WeWork races to raise cash as Neumann offers to outbid rivals

Co-working group is seeking hundreds of millions of dollars to exit bankruptcy without a sale

Thames Water could benefit from a spell of public ownership

Special administration might limit fallout for other utilities and provide a chance to tackle unwieldy structure

Foreign investor in Ukraine accuses officials of corruption

Anglo-German businessman makes extortion claims against figures in security services and presidential administration

Stock market today: BSE Sensex surges over 300 points to move above 73,000; Nifty50 above 22,250

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green for this first time this week on Thursday. BSE Sensex surged over 300 points and Nifty50 was above 22,250. Technical analysis by Nagaraj Shetti of HDFC Securities suggests that while the short-term ...

Strickland spins rods for Yandal gold hunt

A second drill rig has rolled onto Strickland Metals’ Yandal project in WA to target previous high-grade intercepts of 39m averaging 6.1 grams per tonne.

Activist investors urge KitKat maker Nestlé to reduce reliance on sugar, fat and salt

A resolution filed by a group of Nestlé shareholders will go to vote today at its annual general meeting, demanding one of the world's biggest food makers reduces its reliance on products which have high levels of sugar, fat and salts. 

Square Mile and Me: Natasha Frangos on becoming Haysmacintyre’s first female partner

Natasha Frangos, managing director at Haysmacintyre, tells us about her career in the City and becoming the firm's first female partner.

Google Sacks 28 Employees Involved In Protests Over Israel Govt Contract

The layoffs happened after nine employees were suspended and then arrested in the US earlier this week, reports The Verge.

Deliveroo treads water in first quarter but still projects growth for 2024

Deliveroo said orders were flat, reflecting the stagnant market, and the consumer landscape was "more stable but still uncertain".

Could DePIN be crypto’s ESG-friendly real world use case?

So far in this cycle, there have been several narratives that have emerged. These include artificial intelligence (AI), real world assets (RWAs) and decentralised physical infrastructure (DePIN) tokens. Unlike meme tokens, these tokens and projects actually relate to solving a problem.

FTSE 100 today: London shares poised for quiet start amid lingering concerns over US rates, Middle East tensions

The US stock market was volatile, with Wall Street notching its first four-day losing streak since the start of the year. Asia stocks were mixed, while oil and gold prices surged due to Middle East tensions. Australia's March employment data disappointed, with all eyes now on Netflix earnings ...

Worst corporate jargon of the week: Action

Action this, soldier: the obliteration of all cursed corporate jargon from our lives.

Dubai airport chaos as Gulf hit by deadly storms

Hundreds of flights were cancelled on Wednesday at the major hub, which connects to every continent.

AJ Bell customers pass half a million as investors flock to low-cost platform

The number of AJ Bell customers has surpassed half a million, up from under 200,000 when the company listed in 2018.

Star shows it has dud hand in bid to keep licence

A clear pattern is emerging from the Bell inquiry into Star Entertainment – that of a financially and culturally embattled company being managed by a chief executive desperately juggling too many problems.

EPA nears finalization of multiple power plant rules

The Biden administration could unveil three or four Environmental Protection Agency regulations targeting carbon emissions, a -More- 

Who owns businesses in California? A lawmaker wants the public to know

A California lawmaker wants to require limited liability companies and similar businesses to report the identities of their owners to the government. Such information would be available for public view. The proposal aims to crack down on the practice of opaque ownership structures that enable ...

Czech’s in the Royal Mail

Plus, Elon Musk’s second try at a massive payday and Chinese law firms make a push abroad

Former Tory leader William Hague joins corporate intelligence group Hakluyt

The advisory firm expects to generate revenues of £137mn in its current financial year

Iran oil exports hit 6-year high as west prepares sanctions

Surge in crude sales to China exposes limits of US and EU attempts to rein in Islamic republic

Gove vows to reduce ground rents to ‘peppercorn’ levels over time

Housing secretary’s attempts to put pledges into law have been watered down following pushback from landlords

Our prison system is an economic and moral failure

Few politicians want to talk about prisons. They should be braver

Tu-dums and ba-da-ba-baa-baas: How the jingle got usurped by the ‘sonic logo’

With music's powerful link to memory, advertisers would be crazy to let the jingle die - and that's why they haven't, writes Anna Moloney.

Let’s be honest, Tesco making big profits is a good thing

Instead of criticising Tesco for having a bumper year, we should praise it for providing cheap food and jobs for millions, says Matthew Lesh There’s an unorthodox tourist sight that I always tick off on trips abroad. It’s not that I don’t check out the historic squares, the museums and ...

Brutalist gatekeepers should remember people need homes too

Another building project, another planning delay. It is as predictable as rain on a bank holiday. And it does the same thing to the mood of investors. London needs to build. The UK needs to build. It also needs to repurpose buildings, find new ways of linking up communities, and generally put ...

Nestle Adds Sugar In Baby Foods Sold In Low And Middle Income Countries Including India, But Not In Developed Nations: Report

Swiss investigative organisation Public Eye has found in its report that Nestle adds upto 3 grams of sugar in its baby food per serving in India, however the same is sugar-free in countries like US, United Kingdom, Germany Switzerland.

Chevron allocates $500M to carbon technology fund

Chevron Technology Ventures has rolled out another fund, this one with a $500 million commitment, to support efforts in areas -More- 

Why grim geopolitics kept EU leaders busy over dinner

Also in this newsletter: Competition hawks fret over Enrico Letta’s plans for EU merger rules

Thailand begins OECD membership process

Thailand has developed a roadmap to become a member of the Organisation for Economic Co-operation and Development (OECD), a group of developed countries, aiming to elevate the country’s standards and broaden trade and investment opportunities.

Modern slavery helpline receives record number of calls in 2023, report finds

Calls made to an anti-slavery helpline have reached a record high, with the number of potential victims in the care sector rising by almost a third.

Thailand Post considers 'neutral' virtual banking agent role

State-run logistics provider Thailand Post is considering expanding its scope by becoming a "neutral virtual banking agent", with the aim of complementing the operations of nascent virtual banks, says chief executive Dhanant Subhadrabandhu.

Markets Rebound In Early Trade After Three Days Of Decline

The 30-share BSE Sensex climbed 310.82 points to 73,254.50 in early trade. The NSE Nifty went up by 122.75 points to 22,270.65.

PTT touts hydrogen as fuel of the future

While electric vehicles (EVs) gain in popularity as an option to replace oil-powered cars, hydrogen still holds promise as a future energy that may suit mobility technology and help reduce air pollutants, says national oil and gas conglomerate PTT Plc.

Sadiq Khan to launch manifesto with free school meals pledge

Sadiq Khan is set to launch his manifesto in London today with a pledge to make his free school meals for primary pupil policy permanent.

ABC Radio Melbourne’s shows fail to recapture audiences

Listeners tuned out of the station’s breakfast show, hosted by Sammy J, and its mornings show, hosted by Raf Epstein.

Mahindra XUV 3XO To Get Remote Climate Control? Know What Teaser Reveals

The recent teaser revealed that the Mahindra XUV 3XO will get a remote climate control system.  

Targeting fast fashion, France aims to slow wasteful industry

France is working on a new law to better regulate fast-fashion companies. Experts and activists welcome the measure — although some would have preferred a different method.

Electric car demand plunges across Europe

Passenger car sales dropped in Europe as demand for electric vehicles dried up. ]]>

Shard developer to build new skyscraper next to Walkie Talkie 

Sellar, which previously developed The Shard, plans to build a £500m, thirty-story tower at 60 Gracechurch street.

Foxtons: ‘Value of homes under offer best since Brexit’

Estate agent Foxtons said improved market conditions helped drive housing sales revenue by 17 per cent in the first quarter of the year, with the value of homes under offer the best since Brexit. 

US hedgie Citadel makes big bet on London with space in another new skyscraper

Three-quarters of a million square feet of workspace will be available for returning City workers with the deal, as a pre-let agreement has secured at least a third of the space already.

Ed Warner: Seb Coe has given Olympic chief Thomas Bach a $100m headache

Our sport business columnist on Seb Coe's challenge to Thomas Bach.

'They are putting out defective airplanes' - Boeing whistleblower claims

Crisis-hit Boeing has rushed to defend itself from fresh whistleblower allegations of poor practice, as the airline continues to grapple its latest safety crisis.

Taking Account of Rising Health Care Costs

Have your out-of-network insurance bills skyrocketed? Chris Hamby, an investigative reporter for The Times, may have an explanation.

How to claim Leave Travel Allowance: Know eligibility, LTA rules, documents required and other key details

Understanding Leave Travel Allowance (LTA) is crucial for employees to optimize tax benefits. Claiming LTA involves specific rules and documentation requirements, including evidence of expenditure and adherence to block period regulations.

Indian Railways To Launch Super App, Gets 100 Day Post Elections Plan: Reports

Railways will launch a comprehensive 'super App', it will have all railways-related facilities from booking and cancelling tickets to live tracking of trains and for bookings for foods in trains.  

Lok Sabha Election 2024 Bank Holiday: Banks In THESE Cities To Be Closed Tomorrow, April 19 For Phase 1 Voting

RBI in its holiday calendar marks the following states as holiday for Lok Sabha General Elections 2024, check the full list.  

Vodafone Idea's FPO Opens Today: Check Price Band, GMP, And Other Key Details

The Grey Market Premium (GMP) for VI's FPO stands at Rs 1.50.

Bharti Airtel To Merge Sri Lanka Operations With Dialog Axiata

Airtel Sri Lanka commenced commercial operations in Sri Lanka in 2009. 

Post Office scandal unbelievable says ex-chairman

Former Post Office chairman Allan Leighton apologises for his part in the "terrible" Horizon scandal.

The Post Office is struggling to recover from ITV’s dramatic Mr Bates knockout blow

Mr Bates vs. The Post Office, four months on – exactly how damaging was the TV show to the brand? CEO of YouGov, Steve Hatch, explains.

Mark Kleinman: Proxies, a stock market exodus and a Kingfisher mystery

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

Apple to invest $250m to expand Singapore campus

Apple Inc plans to invest more than US$250 million to expand its regional campus or operations in Ang Mo Kio, Singapore, according to a company statement on Wednesday.

Hard right makes hay with European farmers' anger ahead of June elections

Europe’s farmers are angry, and staging their biggest protests in half a century. Far right groups are egging them on, and hoping to ride their anger to new success in European Parliament elections in June. The farmers are angry about low incomes and ever-tighter regulations meant to fight ...

Losses at Pod Point deepen amid wider tail-off in electric vehicle sector

Falling revenue at Pod Point led the electric vehicle (EV) charger provider to post larger losses in 2023, according to its full-year results.

What drives business leaders beyond profit? | More Than Money

"More than Money" is a series delving into the motivations that drive business leaders beyond profit.

Segro hikes rents and eyes expansion following fundraising

In the first three months of 2024, the real estate investment trust invested £99m in new developments, with £600m total expected to be spent throughout the year, it said in a trading update.

Lendinvest: Property fintech ‘cautiously optimistic’ for return to profitability in 2025

Property fintech LendInvest has said it expects to report full-year results in line with market expectations and is "cautiously optimistic" for a return to profitability in 2025, as the mortgage market rebounds.

The newest finfluencer in town: Neil Woodford

The former Woodford Equity Income fund manager launched a new blog yesterday called Woodford Views, aiming to "shed some light" on what led to his firm's collapse.

Comparing bank loan interest rates in April 2024: SBI, ICICI, HDFC and 5 other top banks

Banks like ICICI, HDFC, SBI, IDBI, PNB, Yes Bank, Bank of Baroda, Canara Bank updated MCLR rates in April 2024, impacting various consumer loans with adjustments for different tenures.

A big event is about to happen in the world of bitcoin: It's called the halving

Bitcoin could soon be turbocharged, thanks to an event that happens every four years.I n broad terms, the halving effectively reduces the supply of new bitcoins.

Nokia sees double-digit fall in January-March sales as weak market for 5G technology prevails

Wireless and fixed-network equipment maker Nokia has reported a smaller-than-expected profit and a substantial double-digit fall in sales in the first quarter due to a market weakened by a lack of investment by clients in 5G technology. The Finnish company reported a net profit of 501 million ...

Huawei’s latest surprise and an unexpected avatar

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

Live Nation deserves to face the antitrust music

An unwinding of the Ticketmaster deal no longer looks far-fetched

Bengaluru’s ‘costliest ever’ real estate deal? Quess Corp MD Ajit Isaac buys plot on 'Billionaire Street' for Rs 67.5 crore

Ajit Isaac's groundbreaking real estate acquisition in Koramangala's Billionaire Street sets a new price record in Bengaluru. Quess Corp.'s success in business services is evident across 644 locations in India and beyond.

Ministers kick off search for new football referee

Ministers are to kick off a search for the inaugural chair of the new football watchdog, even as it faces growing hints of opposition to its establishment from the Premier League.

City group calls for scrutiny of UK regulators’ impact on competitiveness against international peers

Greater comparison of the UK's financial regulators to their international counterparts is needed to better evaluate their secondary objective for competitiveness and growth, a top City body has argued.

Paytm Initiates Customer Migration To Partner Banks For UPI Services

The four handles to choose from include @ptsbi, @pthdfc, @ptaxis, and @ptyes.

Everything you didn’t know about alcohol addiction during Dry January

Avoiding alcohol can cause angst, particularly for those already living with alcohol addiction. Priory consultant psychiatrist Dr David McLaughlan sheds light on the importance of responsible alcohol consumption this Dry January.

Global future will not be driven by big tech but by India's DPI: Kant

Amitabh Kant emphasizes India's DPI will drive global future, urging investments in startups, self-regulation over government intervention, and a focus on manufacturing for job creation through the Make in India initiative.

Cathie Wood’s ARK expands to Europe despite poor performance

Cathie Wood’s ARK has expanded to Europe, launching its first exchange traded funds on the London Stock Exchange. An analysis by Morningstar earlier this year found that ARK had destroyed $14bn in wealth over the past decade, topping the list of wealth destroyers among investment companies. ...

Meet the man who’s kept Old Spitalfields Market moving for three decades

Eric Graham is a market man to his bones. Andy Silvester meets the Londoner who keeps Old Spitalfields Market ticking.

Post Office boss cleared of misconduct claims

An investigation on behalf of the Post Office cleared Nick Read of misconduct allegations.

BP to cut top team as major restructure plans revealed

BP is to cut its executive leadership team as part of a restructure which it said will help "reduce duplication and reporting line complexity".

Muji enters administration as rescue deal search continue

Muji has officially entered administration as it continues attempts to secure a rescue deal.

Insolvency expert Manolete Partners reports revenue growth as higher interest rates bite

Manolete Partners, the insolvency litigation financing company, overall revenue jumped by 26 per cent, as the business benefits from uplift of the temporary suppression of insolvencies.

Google Fires 28 Employees Who Protested an Israeli Cloud Contract

The dismissals escalated longstanding tensions between company leaders and activist employees opposed to supplying technology to Israel’s government.

'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China

European Union leaders are debating at a summit in Brussels a new “European Competitiveness Deal” aimed at helping the 27-nation bloc close the gap with Chinese and American rivals. In a volatile geopolitical landscape redefined by the ongoing war between Russia and Ukraine and increasing ...

European Union official urges G7 to step up air defense for Ukraine and expand Iran sanctions

The European Union’s top diplomat is urging the Group of Seven to take quick and concrete steps to provide more air defense systems to Ukraine. EU foreign policy chief Josep Borrell warned Thursday that continued delays could tilt the war in Moscow’s favor. Borrell was speaking on the ...

7 fascinating Earth Day 2024 events to book in London

Earth Day takes place on 22 April. Here are 7 fascinating events to book

US LNG a cleaner choice for Europe, Asia than alternatives

A new report commissioned by LNG Allies and the American Exploration & Production Council highlights the environmental benefi -More- 

Two senior women leave BP in first major shake-up since Looney’s exit

Departures reduce the number of women on leadership team at oil major

Hedge fund Citadel to expand its London office space with tower move

Ken Griffin’s firm will move into British Land’s flagship development at Broadgate

TSMC plans to charge customers more for chips made outside Taiwan

World’s largest chipmaker says ‘incremental cost’ of setting up plants abroad should be shared

New EPF rule doubles auto withdrawal claim limit to Rs 1 lakh under 68J; check how to claim and other details

EPFO raised auto claim limit to Rs 1,00,000 under Paragraph 68J. Members can request advance without documents. Circular notified parties. Online claim process: login with UAN, verify KYC, select claim, authenticate via OTP.

News24 Business | WhatsApp rolls out AI tool in SA - says messages still private

Meta has started to roll out its WhatsApp generative AI tool to select users in South Africa ahead of a wider launch.

Infosys Q4 results: IT major reports 30% YoY growth in profit to Rs 7,969 crore; revenue falls short of expectations

Infosys Q4 results: The company reported revenue growth of 1.3% year-on-year, amounting to 379.23 billion rupees ($4.54 billion) for the January-March quarter, which was lower than the analysts' expectation of 386.24 billion rupees.

Congress Ramps Up the Pressure on TikTok

A legislative maneuver in the House may help an effort to force the divestment of the video platform by its Chinese owner, which would squeeze U.S. investors.

More startups raising down rounds in the late stages

Of the 15 startups that raised Series E or F rounds this year, 10 raised less in their subsequent round, according to Crunchb -More- 

Diesel subsidy possible if excise tax cut ends

The Oil Fuel Fund Office (Offo) says it will continue to subsidise retail diesel prices if the government decides to end the diesel excise tax cut.

Infosys Profit Jumps 30 Per Cent To Rs 7,969 Crore In Q4

During the financial year ended March 2024, net profit increased by 8.9 per cent to Rs 26,233 crore from Rs 24,095 crore recorded in FY23.

News24 Business | Nestlé adds sugar to baby food in SA and poorer nations, but not in rich ones, probe finds

Nestlé is accused of violating health guidance by selling baby food with added sugar in low and middle-income countries, including South Africa, while selling sugar-free alternatives with the same name and branding in Western markets.

EY warns UK partners of potential profit slide

Hundreds of UK partners at EY, the big four accountancy firm, have been warned of a potential slide in profits this year amid a wider slowdown in the professional services sector.

Selling In Indian Stock Market Continues For The Fourth Session

While the Nifty slides 152.05 points to close at 21,995.85, Sensex also lost 454.69 points to close at 72,488.99. In the Nifty 50 list 36 shares closed with decline while only 14 shares closed with gain.

Blackstone warns that private equity cannot return capital ‘overnight’

Industry sitting on record amounts of unsold assets that will take time to sell even as M&A market returns to life

Whalar Group appoints Neil Waller and James Street as co-CEOs

The duo will lead six business pillars and attempt to win more creative, not just creator, briefs with the hire of Christoph Becker as chief creative officer.

BAAC union queries lending capacity

The labour union of the Bank for Agriculture and Agricultural Cooperatives (BAAC) is seeking legal opinions about whether the government can borrow from the state-owned bank to support its costly digital wallet handout.

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

PRWeek’s Crisis Comms Conference is today; The Shipyard acquires Fahlgren Mortine.

News24 Business | Discovery Life pays over R10bn to clients in 2023 as Covid-19 hits recede

More than half of Discovery Life’s individual life claims payouts in 2023 were for ancillary benefits.

German police arrest suspected Russian spies over bombing plan

Two men held for alleged intent to sabotage that included military base training Ukrainian soldiers

Why oil prices remain steady even as Middle East tensions escalate

All eyes are on the oil market as traders anxiously await Israel’s response to Iran’s attack over the weekend

Housing costs keep inflation stubborn; New report on Maui wildfires released

Inflation is proving stubborn this year, and the cost of rent may be to blame. Hawaii's attorney general has released the first report into last year's Maui fires.

Varyaa Creations IPO To Open On April 22: Check Lot Size, Price Band, And More

The public issue will open for subscription on Monday, April 22, and close on Thursday, April 25.

NSE To Launch Derivatives On Nifty Next 50 Index Starting April 24

The Nifty Next 50 Index represents 50 companies from Nifty 100 after excluding the Nifty 50 companies.

Dubai airport continues to struggle amid travel chaos after the storm

World’s busiest international airport saw airlines cancel more than 1,000 flights since Tuesday

As earnings season rolls into its heart, hopes rise for broader gains

Last year, a handful of Big Tech stocks were behind much of corporate America’s profit growth. Now, as the heart of earnings reporting season arrives on Wall Street, the hope is that profit growth will broaden out to a wider range of companies. Give credit to the remarkably resilient U.S. ...

Pemex chief rejects criticisms of debt-laden oil group

CEO hits back at rating agencies and investors for calling the Mexican state company a ‘bottomless barrel’ and ‘bankrupt’

Croatia's conservative PM convinced his party will soon form a new majority after inconclusive vote

Croatia’s ruling conservatives says that talks are already underway on the formation of a new governing majority following a highly contested parliamentary election that saw a far-right party emerge as a potential kingmaker. Prime Minister Andrej Plenković is the leader of the Croatian ...

Force Gurkha 5-Door SUV's Interior Teaser May Leave You Awestruck: Watch

According to the teaser Force Gurkha 5-Door will feature storage space with a lid above the larger touchscreen infotainment system of a 7.0-inch unit.

Interest rates and the green economy: The carbon cost of higher for longer

The high capital intensity and low returns on green projects make them particularly vulnerable to high rates. 

Sluggish start for spring homebuying season as home sales fall in March with mortgage rates rising

The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising prices. Sales of previously occupied U.S. homes fell 4.3% in March from the previous month to a seasonally adjusted annual rate of 4.19 million, the National Association ...

IMF's Georgieva says there's 'plenty to worry about' despite recovery for many economies

The head of the International Monetary Fund said Thursday that the world economy has proven surprisingly resilient in the face of higher interest rates and the shock of war in Ukraine and Gaza, but “there is plenty to worry about,″ including stubborn inflation and rising levels ...

UK police say they disrupted cyber fraud network that stole personal data from thousands

Police in London say they have infiltrated and disrupted a website that allowed international cyber fraudsters to trick up to 70,000 British victims into revealing personal information such as bank account details and passwords. Metropolitan police said Thursday that they seized the LabHost ...

PwC to reverse controversial US tax split

Incoming US senior partner Paul Griggs plans to reunify tax division, dismantling predecessor’s model

Spanish beauty group Puig aims for €14bn IPO

Family-owned company looking to sell up to 24% of its share capital

New ant species named for the one who must not be named

A new ant species discovered in Australia has been dubbed Leptanilla voldemort in a tribute to "the antagonist in the Harry P -More- 

OPEC output remains flexible as oil prices jump

The prospect of oil going up to $100 per barrel has increased as conflict continues in the Middle East, but investors expect  -More- 

SFO strategy details new pilot programme – but leaves some questions unanswered

The UK’s Serious Fraud Office (SFO) has vowed to push ahead with its plan to pay rewards to whistleblowers and develop a new “pilot programme” to thwart fraud, bribery and corruption, according to its new strategy published today. 

How AI is shaking up business travel – and how it involves you

From booking flights to creating itineraries, AI (artificial intelligence) is already changing the face of the work trip, says Jenny Southan

News24 Business | SEE | Massive solar venture in Northern Cape: 1 million panels and bigger than 1 500 soccer fields

Spanning 1 500 soccer fields, a world-class hybrid solar PV and battery storage facility developed by Scatec has been unveiled in the Northern Cape.

M&A deals up 27% despite higher rates

Mergers and acquisitions are accelerating as investment banks advise clients to accept the high cost of funding.  -More- 

Investors buy in on 20-year Treasury auction

The latest auction of the 20-year Treasury bond drew a yield of 4.818%, over 2 basis points less than the yield in preauction -More- 

Volatility-linked funds join US stock sell-off

Volatility-linked funds have become embroiled in the US stock sell-off, which could worsen if market volatility continues.  -More- 

Program topics announced for SIFMA's 2024 D&I Leadership Summit, June 11-12

SIFMA's 2024 Diversity & Inclusion Leadership Summit is back in New York City for two days of programming and networking.  -More- 

EU proposes youth mobility agreement with UK to help youngsters travel, work and live in both areas

The European Commission is proposing to open negotiations with the United Kingdom to allow young people to move freely, work and study in both regions after Brexit — the U.K.’s departure from the EU four years ago. According to the EU, the withdrawal of the United Kingdom from the ...

Meta unveils less ‘sanctimonious’ AI model as tech rivalry heats up

Facebook parent claims new Llama 3 takes a fresh step towards human-level intelligence

Why the Bank of England might be wary of cutting interest rates before the Fed 

The path for the Bank of England to cut interest rate cuts looks increasingly uncertain, particularly as the US Federal Reserve looks set to wait a while longer before loosening policy.

Meta's newest AI model beats some peers. But its amped-up AI agents are confusing Facebook users

Generative AI is advancing so quickly that the latest chatbots available today could be out of date tomorrow. Google, Meta Platforms and OpenAI, along with startups such as Anthropic, Cohere and France’s Mistral, have been churning out new AI language models and hoping to persuade customers ...

Ally Financial, CSX rise; Equifax, Synovus Financial fall, Thursday, 4/18/2024

Stocks that are trading heavily or have substantial price changes on Thursday: Ally Financial, CSX rise; Equifax, Synovus Financial fall

News24 Business | Transnet ordered to release confidential information to Sasol amid tariff disputes

Transnet must hand over a raft of documents amid a court case it launched against Sasol and TotalEnergies over their short payment of pipeline tariffs.

An election manifesto for the NHS — and a healthy economy

A population equivalent in size to Greater Manchester is not working due to ill health, at a huge and avoidable cost

Workers at Mercedes factories near Tuscaloosa, Alabama, to vote in May on United Auto Workers union

Workers at Mercedes-Benz factories near Tuscaloosa, Alabama, will vote next month on whether they want to be represented by the United Auto Workers union. The National Labor Relations Board said Thursday that the vote will take place from May 13 to May 17 at the facilities in Vance and ...

News24 Business | South Africa to keep anti-dumping duties on chicken imports from US

Trade minister Ebrahim Patel approved a recommendation to maintain anti-dumping duties on frozen bone-in chicken portions originating in or imported from the US.

Crypto regulation must not prioritise memes over matter

Lack of clarity in the industry is causing confusion among entrepreneurs

'What in the Black Mirror is this?': Meta's AI tells Facebook user it has disabled, gifted child

Facebook's AI has told a user it has a disabled child that was part of a New York gifted and talented programme.

Legislation that could force a TikTok ban revived as part of House foreign aid package

Legislation that could ban TikTok if its China-based owner doesn’t sell its stake has won a major boost as House Republicans included it in a package of bills that would send U.S. aid to Ukraine and Israel. The bill could be law as soon as next week if Congress moves quickly. The TikTok bill ...

Not only New York casinos threaten Atlantic City. Developer predicts Meadowlands casino is coming

Atlantic City casinos are bracing for new threats from as many as three new casinos in or near New York City. And the possibility of a northern New Jersey casino in the Meadowlands remains, according to the owner of a racetrack where it would be built. At a gambling industry conference ...

Chick-fil-A stops employee from making popular review videos

Social media experts, including influencer James Charles, say this is a missed opportunity for the chain.

Are revenue management platforms enabling price fixing?

Revenue management systems have become essential tools for companies in service and perishable goods markets to optimize thei -More- 

A silly false advertising lawsuit was settled

Is it weird that a film studio would release a trailer that features a well-known actress and then cut all the scenes featuri -More- 

Why you need some "Debbie Downers" to rein in optimists

Too much positivity in business in the form of "Usula Upbeat" type employees who engage in wishful thinking can make leaders  -More- 

Over 400 Stonegate pubs in London risk closure, GMB claims

Almost 450 pubs in London face closure after one of the UK’s biggest hospitality groups Stonegate warned on its profitability, the GMB Union has said.  

CFTC's Behnam hopeful for modifications to Basel III endgame

Commodity Futures Trading Commission Chair Rostin Behnam has said he hopes regulators will modify the Basel III endgame propo -More- 

How a Crypto Compliance Officer Ended Up in a Nigerian Prison

Tigran Gambaryan, an American compliance official for the giant cryptocurrency exchange Binance, flew to Nigeria in February for a planned two-day business trip. He hasn’t returned.

The pandemic pumped up productivity. Then the bubble burst

Here’s how we’re tracking now, and why putting in more work isn’t the answer.

How Crunchbase helps the parents who work there

Crunchbase supports its working parents by offering up to 14 weeks of paid time off, allowing employees to customize their wo -More- 

Why employers should prioritize new health options

Employers that focus on only a few health and wellness options during open enrollment will save money, reduce confusion and s -More- 

Sales presentations with no surprises are winners

Sometimes closing the deal relies on no surprises popping up during sales presentations, writes Trey Morris, vice president a -More- 

Initial jobless claims remain at 212K

The number of Americans filing new unemployment claims was flat at 212,000 last week, pointing to job market strength despite -More- 

Most HR leaders aim to use AI, survey finds

An Elevate survey found 70% of US and Canadian HR leaders are ready to use AI for HR functions, with 40% focusing on the tech -More- 

A breakdown of proposed data breach reporting rules

The Cybersecurity and Infrastructure Security Agency last month advanced a proposal for a new data breach reporting mechanism -More- 

EIA: Permian to fuel US shale output growth in May

The Energy Information Administration expects US oil production from major shale regions to rise by more than 16,000 barrels  -More- 

Coventry Building Society agrees terms to buy Co-op Bank for £780m

Coventry Building Society has agreed terms to buy The Co-operative Bank for £780m as a wave of consolidation sweeps through the mid-sized banking sector.

RBI Imposes Monetary Penalties On Four Co-operative Banks

The penalty on Rajkot Nagarik Sahakari Bank was imposed for granting loans to companies in which the bank's directors held interests.

Fed officials remain cautious on rate-cut pace

Federal Reserve Bank of Cleveland President Loretta Mester has emphasized a need for patience in monetary policy, expressing  -More- 

EU to vote on joint deposit protection proposal

European Parliament lawmakers are set to vote on a draft report on how to create joint deposit protection across the bloc.  -More- 

China reiterates commitment to steadying yuan

The People's Bank of China has reiterated its commitment to steadying the yuan as concern rises about weakening Asian currenc -More- 

Enhancing SEC rulemaking through rigorous economic analysis

In 2012, the Division of Economic and Risk Analysis (DERA) and the Office of the General Counsel (OGC) at the Securities and  -More- 

Chinese Exports Are Threatening Biden’s Industrial Agenda

The president is increasingly hitting back with tariffs and other measures meant to restrict imports, raising tensions with Beijing.

Coventry Building Society agrees £780mn merger with Co-op Bank

A deal would see the private-equity controlled lender eventually return to mutual ownership

Meta, in Its Biggest A.I. Push, Places Smart Assistants Across Its Apps

Users of Instagram, Facebook, WhatsApp and Messenger will be able to turn to the new technology, powered by Meta’s latest artificial intelligence model, to obtain information and complete tasks.

Partners at EY informed to expect a drop in their pay packet

One of the Big Four firms has been warned that profits could fall by 15 per cent this year due to the slowdown in the market.

Countdown Is On for the Bitcoin ‘Halving’

Bitcoin aficionados are hoping that a scheduled reduction in the number of new coins going into circulation will cause the price of the cryptocurrency to skyrocket.

The corporate world needs to collaborate on cyber risk

As threats morph, the cultural objections to working with the government must change too

Thursday evening news briefing: Labour destroyed documents that could have revealed Rayner’s living arrangements

CVC eyes EY’s Italian consulting arm

The preliminary approach underscores private equity’s interest in professional services

Biden administration moves to make conservation an equal to industry on US lands

The Biden administration is moving to let conservationists lease government land for restoration. It's part of an effort to make conservation an “equal” to other uses of public lands such as drilling and livestock grazing. Republican lawmakers contend the changes are a backdoor to excluding ...

S&P 500 on longest losing streak since start of 2024

The S&P 500 fell 0.6% Wednesday, marking the fourth straight losing session and giving the index the longest losing streak si -More- 

Convenience store chain where Biden bought snacks while campaigning hit with discrimination lawsuit

A convenience store chain where President Joe Biden stopped for snacks this week while campaigning in Pennsylvania has been hit with a lawsuit by federal officials. The Equal Employment Opportunity Commission says Sheetz Inc. discriminated against Black, Native American and multiracial job ...

BHP told to hand over executives’ employment details in Brazil dam disaster litigation

Claimants hope to bolster their case that managers were incentivised to push for cost cuts that contributed to the tragedy

Thames Water lenders face losses of up to 40% in event of nationalisation

Government contingency plans could see bulk of debt taken on by state with utility split in two

Coyotes officially leaving Arizona for Salt Lake City following approval of sale to Utah Jazz owners

The Arizona Coyotes are officially headed to Salt Lake City. The NHL Board of Governors voted Thursday to approve a $1.2 billion sale from Alex Meruelo to Utah Jazz owner Ryan Smith, clearing the way for the franchise’s move to Utah next season. The deal includes a provision for Arizona ...

Liquor sales in movie theaters, to-go sales of cocktails included in New York budget agreement

New York would expand access to booze under a series of measures unveiled on Thursday as part of a larger state budget agreement. Movie theaters in New York are only allowed to sell beer and wine, but this new legislation would add liquor to the mix. New Yorkers would also be allowed to buy ...

Missouri lawmakers back big expansion of low-interest loans amid growing demand for state aid

Persistently high interest rates have led Missouri lawmakers to significantly expand a state loan program for farmers and small businesses. Lawmakers gave final approval Thursday to a bill that raises the amount of state funds available to support low-interest loans. The Missouri legislation ...

First major attempts to regulate AI face headwinds from all sides

A group of lawmakers from six states have worked on the first major proposals to reign in AI discrimination. But those bills face blistering headwinds from every direction. Lawmakers in Colorado, Texas and Connecticut among others are coming together Thursday to argue the case for their ...

Netflix now has nearly 270 million subscribers after another strong showing to begin 2024

Netflix gained another 9.3 million subscribers to start the year while its still-emerging expansion into advertising helped produce financial results that exceeded analysts’ estimates. The performance demonstrated that Netflix is still building on its momentum of last year. That was when ...

How major US stock indexes fared Thursday, 4/18/2024

U.S. stock indexes drifted to a mixed close following more reports showing the economy remains stronger than expected. The S&P 500 index fell 0.2% Thursday. The slight dip sent it to a fifth straight loss for its longest such streak since October. The Dow Jones Industrial Average edged up by ...

Starbucks introducing cold drink cup made with less plastic

Booming sales of cold drinks at Starbucks have created a problem: growing amounts of plastic waste from the single-use cups that Frappuccinos, Refreshers, cold brews and other iced…

Median group health cover rises to Rs 5 lakh

Companies increase wage expenditure on health insurance due to rising costs. Median sum insured rises to Rs 5 lakh. India's benefits budget is 2%, lower than US and Europe. Global startups have a higher sum insured at Rs 10 lakh.

At 7.1%, Odisha records highest retail inflation

Odisha, Assam, and Haryana had the highest inflation rates in March, while Delhi recorded the lowest. Factors such as vegetables, pulses, and RBI decisions are influencing the inflation patterns across states and Union territories.

Infosys returns 1.1 lakh crore to shareholders in 5 fiscal years

Infosys returned Rs 1.1 lakh crore to shareholders in 5 years, equals $12.8B. Unchanged 85% distribution policy. 15 payouts made, Rs 80,000 crore through dividends. Investor receipt by FY24: Rs 377.5/share. Rs 26,800 crore returned via buybacks.

Tata Motors to make Jaguar Land Rover cars at new 1 bn dollar Tamil Nadu plant

Tata Motors to build $1 billion plant in Tamil Nadu for JLR cars. JLR contributes two-thirds of Tata Motors' revenue, with strong global sales growth in 2023.

Study: Annual climate-change losses to hit $38T by 2049

Global economic losses from climate change could total $38 trillion per year by 2049, with a disproportionate impact on count -More- 

US welcomes almost 600 EV fast-charging stations in Q1

During the first quarter, nearly 600 fast-charging stations for electric vehicles came online in the US, bringing the total n -More- 

Coca-Cola keeps battling to use less plastic in bottles

Coca-Cola has shrunk the weight of its plastic bottles again -- from 27 grams about a decade ago to 21 grams last year to jus -More- 

Infographic: Untapped potential of geothermal heat pumps

Major cost savings paired with zero carbon emissions are possible with national-scale deployment of geothermal heat pumps for -More- 

DNA repair helps tardigrades withstand radiation

Microscopic tardigrades can add DNA repair to the list of skills that allows them to survive harsh conditions such as radiati -More- 

Inside the epic fight over new banking regulations

After the financial crisis of 2008, regulators around the world agreed banks should have more of a cushion to weather hard times. Now, U.S. regulators are once again looking to update minimum capital requirements through a set of proposals called Basel III Endgame. Today, on the show, ...

Bay Area exec loses groundbreaking 'shadow trading' trial

A Bay Area exec turned a $107,000 profit on a rival firm's stock, and the SEC pounced.

Google fires 28 workers who protested selling technology to Israel

Employees staged sit-ins at Google's offices this week demanding the company stop selling its technology to the Israeli government. Google then fired more than two dozen of these workers.

Musk's date with Indian spacetech startups

Elon Musk to meet Indian spacetech startups in Hyderabad and Bengaluru for EV investment talks. Expected attendees include founders from various companies and PM Narendra Modi. InSpace facilitates the event.

Maud Borup: We "geek out" over sustainability

A B Corp-certified facility in Le Center, Minn., Maud Borup's headquarters features a 100-foot chocolate brown wind turbine a -More- 

Google streamlines structure to speed up AI efforts

Teams tackling artificial intelligence models unified under leadership of DeepMind founder Demis Hassabis

Quarter of UK children aged 5-7 own smartphones, regulator finds

Ofcom report reinforces online safety concerns as social media apps show significant growth among youngest

Trump Media shares surge after a miserable run. Pros say stay away

Trump Media shares surged over the most recent two trading days — but the company continues to weather a miserable run since its stock market debut last month.

US committee releases sealed Brazil court orders to Musk's X, shedding light on account suspensions

A U.S. congressional committee has released confidential Brazilian court orders to suspend accounts on the social media platform X. The orders, disclosed late Wednesday, offer a glimpse into decisions that have spurred complaints of alleged censorship and suppression of free-speech from the ...

Amending property rules likely to spur sales

Amending obsolete rules regarding property development can improve home purchasing power, enabling homebuyers to afford units, say developers.

Woodside cops hefty revenue hit ahead of crucial AGM

Lower gas prices, a drop in production, and maintenance issues have put the brakes on Australia’s largest oil and gas company.

Herbs to be promoted as soft power product

The government is promoting Thai herbs as a soft power product, in a bid to increase their value in the global market.

Netflix to stop reporting key subscriber numbers

The streaming giant also said it added 9.3 million subscribers in the first three months of the year.

U.S. Mortgage Rates Jump Above 7% for the First Time This Year

Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent mark on Thursday, a troublesome sign for an already tight housing market.

Netflix Added More Than 9 Million Subscribers in First Quarter

The company’s revenue was 15 percent higher compared with last year, and it solidified its standing as the entertainment company’s dominant streaming service.

Trader Joe's recalls basil linked to 12 salmonella infections in 7 states

The Food and Drug Administration warns Trader Joe's customers in dozens of states to throw out fresh basil after a federal investigation linked the product to a salmonella outbreak.

Rural Texas towns report cyberattacks that caused one water system to overflow

A hack that caused a small Texas town’s water system to overflow in January has been linked to a shadowy Russian hacktivist group. It is the latest case of a U.S. public utility becoming a target of foreign cyberattacks. The attack was one of three on small towns in the rural Texas Panhandle ...

Tesla shares tumble below $150 per share, giving up all gains made over the past year

Tesla's stock tumbled below $150 per share, giving up all of the gains made over the past year as the electric vehicle maker reels from falling sales and…

Bad loans set to surge at banks in Q1

The banking sector is poised for higher non-performing loans (NPLs) in the first quarter this year, stemming from retail and small and medium-sized enterprises (SMEs), according to brokerages.

Textile exports down for second year in FY24

India's textile exports declined to $34.4 billion in FY24 due to geopolitical issues. The sector saw a $740 million YoY increase, with North America leading at $11 billion. Europe followed, indicating challenges and potential for growth in the industry.

India ready to tackle impact of Iran-Israel conflict: FM Nirmala Sitharaman

India monitors Iran-Israel conflict's impact, ready to safeguard economy. Sitharaman proactive in India's interest, monitoring oil prices and import bill. Importing oil from Russia as precaution.

Warren-Khanna bill would ban trading of water futures

Two US legislators -- Elizabeth Warren, D-Mass., in the Senate and Ro Khanna, D-Calif., in the House -- plan to introduce bil -More- 

Calif. water board to monitor groundwater use in ag hub

The State Water Resources Control Board on Tuesday voted unanimously in favor of monitoring groundwater pumping in the San Jo -More- 

White House sets up task force to target trade emissions

The US formed a new trade task force to tackle carbon emissions in global commerce and manufacturing.  -More- 

Scotland walks back "out of reach" 2030 climate goals

Scotland has ditched plans to bring greenhouse gas emissions down by 75% from 1990 levels by 2030, citing concerns about the  -More- 

Federal agency fines SF school, founder $164,000, alleging they tricked students

This coding boot camp in SF once got a fawning NYT column. Now it has to pay up.

Dubai airport delays persist after UAE storm

Some inbound flights to the world's second busiest airport resume, but many passengers remain stranded.

'AI helps me to make wine for younger drinkers'

The winemakers using artificial intelligence to help them grow grapes and blend their wines.

Indorama allots $1.89bn capex for 3 years

Indorama Ventures (IVL), one of the world's largest petrochemical producers, plans to invest US$1.89 billion (68 billion baht) over three years, noting a gradual recovery of the global petrochemical industry and asset optimisation should enable the company to return to its previous earnings ...

Restaurateurs adapting to maintain competitiveness

While monitoring domestic purchasing power, Thai restaurant operators have adapted to stay competitive and grow their businesses in response to evolving customer preferences and lifestyles, says the head of a conglomerate.

Meta’s cafeteria workers protest over wages at San Francisco office

Meta’s cafeteria workers say they’re struggling financially and need more pay.

Why is China canceling US wheat shipments?

China's wheat imports could decline in 2024, with shipment cancellations and delays raising concerns of weakening demand. What's really behind the surprise move?

Stocks sink, oil surges on reports of Middle East attacks

OKYO: Asian shares and bond yields sank on Friday while the dollar, yen, oil and gold surged after reports of a sharp escalation in Middle East hostilities.

India's Infosys falls as annual revenue outlook disappoints

Infosys shares fell 2.9% due to disappointing revenue forecast. TCS performed better. Analysts are concerned about growth predictability and execution risk, impacting target prices.

Stock market crash today: BSE Sensex plunges 600 points to below 72,000 level; Nifty50 around 21,800 as bear attack continues

Stock market crash today: BSE Sensex and Nifty50 continued their losing streak on the last trading day of the week. Driven by global cues and the Iran-Israel conflict, the BSE Sensex plunged 600 points below the 72,000 level and Nifty50 went close to 21,800.

How not to handle a mega-deal

Plus, Blackstone’s M&A machine revs up and Arnault lays the groundwork for LVMH’s future

European carbon trading catching less than quarter of airline emissions, data finds

With long-haul flights exempt from charges and carriers given free allowances, large share of flights not covered by system

EU watchdog warns bloc still needs Russian LNG

Warning comes as Nordic and Baltic countries seek total ban on imports of the fuel from Moscow

UK remains hard to reach for newest EU-domiciled ETF issuers

Post-Brexit overseas funds regime has yet to be implemented, depriving UK investors of some of latest innovative funds

New Seven boss wants to move on from ‘a few bad apples’

Seven West Media’s new boss Jeff Howard has warned he is willing to weed out staffers who show poor judgement or engage in unacceptable behaviour.

Finding an apartment may be easier for California pet owners under new legislation

A bill in California wants to make more rental housing available to tenants with pets. Assembly Bill 2216 would ban blanket no-pets policies and prohibit landlords from charging extra for security deposit and rent for tenants who have cats, dogs or other common household animals. Supporters say ...

Woodside chief defends climate plan ahead of bruising shareholder vote

Australian oil and gas developer pushed to set more binding net zero commitments

BNSF Railway says it didn't know about asbestos that's killed hundreds in Montana town

BNSF Railway attorneys are expected to argue before jurors that the railroad should not be held liable for the lung cancer deaths of two former residents of an asbestos-contaminated Montana town. Closing arguments are scheduled Friday in a civil lawsuit against the railroad. The town of Libby, ...

Consumer confidence hits highest level in two years as UK ‘turns a corner’

"The revival in consumer confidence speaks to a wider story of an economy that has turned the corner," Ian Stewart said.

Sadiq Khan should remember there’s no such thing as a free lunch

Free school meals for the children on multi-millionaires is classic Khan – superficial, unevidenced and the wrong priority for London, says Alys Denby Sadiq Khan has made the promise of permanent free school meals the centrepiece of his reelection campaign. It’s typical of the Mayor’s ...

Netflix shares sink as company announces halt in reporting subscriber tally, weak outlook

Shares of Netflix took a sharp tumble of about 5 per cent as the market closed, spurred by the streaming video pionaeer's decision to cease disclosing subscriber numbers and prioritise viewer engagement metrics.

Gold, gold, gold: Precious yellow metal makes shares sing

This week’s Bulls N’ Bears top ASX runner is … Dalaroo Metals. Its stock rose more than 182 per cent to join Nimy Resources, Adherium and Firebrick Pharma.

Apple removes WhatsApp and Threads from China store under pressure from Beijing

Internet regulator orders delisting of two Meta-owned apps over ‘national security concerns’

News24 Business | OM Bank is coming: Old Mutual secures banking licence

Old Mutual has been granted section 16 banking licence approval for its new lending arm, which it plans to call OM Bank

Oil rises and stocks tumble after Israel retaliates against Iran

Oil prices jumped higher and stocks sank after Israel launched a retaliatory strike against Iran. ]]>

Retail sales show zero growth despite 'fresh two-year high' for consumer confidence

There was a worse than expected performance for retail sales last month, defying predictions of a consumer-led pick up from recession for the UK economy.

FM Nirmala Sitharaman’s sharp barb: Congress like 'Mahabharata’s Shalyya', keeps saying India can’t match China

Nirmala Sitharaman has said that the Congress party, despite having governed India, lacks faith in the country and its potential. Even if they believe that Indians are capable of achieving great things, they constantly undermine the nation's progress, much like Shalya did to Karna ...

Japan's inflation slows to 2.6% in March but rate hike still likely

Japan's core inflation slowed to 2.6 percent in March as the effects of higher energy costs continued to fade, government data showed Friday, but the inflationary effect of…

Google is combining its Android software and Pixel hardware divisions to more broadly integrate AI

Google says it will combine the software division responsible for Android mobile software and the Chrome browser with the hardware division known for Pixel smartphones and Fitbit wearables. It's part of a broader push to integrate artificial intelligence more widely throughout the company. ...

Oil surges, equities sink as Iran blasts fan MidEast escalation fears

Oil prices rallied and equities sank Friday as reports said explosions had been heard in Iran and Syria, fuelling fears of an escalation of the Middle East crisis after last weekend's missile attack on Israel by Tehran. "It is now clear that the escalating shadow warfare between Israel and ...

Mortgages are up but don’t get too excited

What should we read into recent signs of a gradual recovery in the mortgage market? The answer is, it depends. Taking into account distortions caused by the work-from-home exodus from London and the cost of living and it looks like we may simply be returning to precedented times, says Steven ...

JPMorgan warns of need for ‘reality check’ on phasing out of fossil fuels

US bank says higher interest rates, inflation and global conflict have dented outlook for energy transition

Hedge fund pushes for power firm to be excluded from Ukraine debt deal

London-based VR Capital is part of bondholder group that does not want Ukrenergo debt to be part of sovereign restructuring

It’s time to help the multi pension generation

Why shouldn’t schemes follow a worker when they change their employer?

Concentrated power at the top of businesses remains a red flag

There remains a logic to separating functions of chair and chief executive

FirstFT: Iran activates air defence systems after reports of explosion

Also in today’s newsletter, EU still needs Russian LNG and Europe’s migrant ‘brain waste’

How EU leaders fudged a compromise on integration of capital markets

Also in this newsletter: Italy’s Meloni allows anti-abortion campaigners to enter clinics

Permanent secretary for commerce dies

Keerati Rushchano, the permanent secretary for commerce, died on Friday at the age of 56.

Sunak to demand end to 'sick note culture' and shift focus to 'what people can do'

Rishi Sunak is to call for an end to the "sick note culture" in a major speech on welfare reform - as he warns against "over-medicalising the everyday challenges and worries of life".

Luxury automakers hit by South Korea’s neon green licence plates for company cars

President Yoon Suk Yeol has pledged to target private use of company vehicles

Bourse reshapes liquidity criteria

The Stock Exchange of Thailand (SET) plans to revise liquidity criteria for securities to enter the SET50 and SET100 indices, with the revised criteria subject to a public hearing until April 26.

Bitcoin halving set to reshape market

The upcoming Bitcoin halving has the potential to reshape the digital asset industry as the four-year cyclical event restricts the influx of new Bitcoin, supports long-term price appreciation and drives institutional interest in the world's largest crypto currency, according to Gulf Binance.

Man Group: World’s largest publicly listed hedge fund’s assets swell to new record

The world’s largest publicly listed hedge fund group updated its shareholders with a trading statement

Ollie Phillips: Harlequins play rugby fans deserve to watch

When I watched Harlequins just about get past Bordeaux last weekend in the Investec Champions Cup, I understood why the south London club get such good crowds week in, week out at both the Stoop and Twickenham. They play a style of game that is just so addictive and attractive, and it is ...

Could Runes save Bitcoin miners post-halving?

At some point tomorrow, Bitcoin will experience its fourth halving. The reward miners receive for processing every 10 minute block will decline from 6.25 Bitcoin to 3.125. Bitcoin will become an even scarcer commodity with annual issuance dropping from 1.6% to 0.8%. The market appears ...

Rishi Sunak wants to end ‘sick note culture’ and get Britain back to work 

Rishi Sunak wants to end the “sick note culture” and get Britain back to work, in a major speech on welfare reform.

Apple Says It Was Ordered to Pull WhatsApp From China App Store

Apple said it removed WhatsApp and Threads in its China app offerings Friday on Beijing’s orders, amid technological tensions between the U.S. and China.

Infosys' Full-year Employee Strength Drops For 1st Time In 23 Years

The full financial year headcount was 317,240 -- a 7.5 per cent decrease from the previous fiscal year.

Google sacks staff protesting over Israeli contract

Google sacked 28 staff members for taking part in protests against a contract with the Israeli government.

Why are American roads so dangerous?

Bad driving is probably playing a bigger role in the fatality rate than larger cars and longer journeys

The struggle to choose the right mortgage

As interest rates stay higher for longer, those looking to refinance face some difficult choices

House prices in London hit by high property costs and post-Covid trends

Capital has underperformed rest of UK since 2016 but remains most expensive part of the country

What Will Be The Impact Of Iran-Israel Conflict On Indian Economy? Expert Highlights 5 Potential Impact

On Saturday, Iran launched several drones and missiles towards Israel in retaliation for an alleged Israeli air strike on its consulate in Syria, resulting in the killing of three top Iranian generals.  

A trial is underway for the Panama Papers, a case that changed the country's financial rules

Eight years after 11 million leaked secret financial documents revealed how some of the world’s richest people hide their wealth, more than two dozen defendants are on trial in Panama for their alleged roles. The repercussions of the leaks were far-ranging, prompting the resignation of the ...

Bitcoin's next 'halving' is right around the corner. Here's what you need to know

Sometime in the next few days or even hours, the “miners” who chisel bitcoins out of complex mathematics are going to take a 50% pay cut — effectively slicing new production of the world’s largest cryptocurrency in half. That could have a lot of implications, from the price of the asset ...

Big business bets on Modi

India registered one of the world’s fastest rates of economic growth during Narendra Modi's leadership

FTSE 100 today: London markets poised for red start as Middle East tensions escalate; investors await more details on the crisis

Middle East tensions rattled markets in the Asian session following ABC News reports of Israeli missile strikes in Iran. Oil and gold prices surged while bitcoin dropped below $60,000. However, an Iranian official denies the missile attack reports, adding to the uncertainty. Market focus now ...

Mission Government: Why Starmer must think bigger and bigger if he wants real change

Insane targets, missions CEOs and big thinking - this is the framework Starmer must adopt if he wants real change, writes Patrick King.

Toyota Unveils Fortuner Mild Hybrid In South Africa; Check What's New

Recently launched Fortuner MHEV comes with a 48V mild-hybrid system integrated with the familiar 2.8-litre diesel engine.   

Retail sales stagnant in March despite improving prospects for UK economy

A survey from Deloitte, released today, showed that consumer confidence had reached its highest level in two years.

Israel hits Iran with ‘missile attack’ near nuclear site as markets watch oil prices

Iranian air defence batteries were launched on Friday morning after explosions near the city of Isfahan, in the centre of the country, according to its state-run IRNA agency.

Thais ranked 6th among visitors to Japan in March

Thai tourists to Japan ranked sixth in March, contributing to a total number of foreign visitors to the country that soared to over 3.08 million, marking the first time the tally exceeded the 3-million mark in a single month.

New Energy Plus Solutions foresees 66% growth in earnings

An older demographic and greater use of electric vehicles (EV) are the driving forces behind the solar power business in Thailand, says New Energy Plus Solutions Co (NEPS), which expects 66% growth in its earnings this year from sales of rooftop solar panels and installation.

Long-haul carrier Emirates again halts local flight check-in as UAE recovers from record rains

Long-haul carrier Emirates says it is halting local check-in for passengers traveling on its flights as the wider United Arab Emirates tries to recover from record-setting rains this week. Emirates said the order would go through the entire day into early Saturday. Low-cost carrier FlyDubai ...

Infosys share price today: Stock falls 3% after Q4 earnings miss, what should you do: sell, hold or buy?

Infosys shares dropped 3% on BSE due to a revenue decline below expectations. Brokerage firms revised EPS forecasts and target prices. Insights from Jefferies, UBS, Motilal Oswal were also considered for market analysis.

LS 2024: Open Instagram, Election Commission Of India Has Message For You, Read Here

Election Commission Of India is taking creative initiatives to aware the voters about the Lok Sabha Elections in India

Nikkei leads Asian market retreat as Middle East tensions flare

Asian stocks tumbled Friday, with Japan’s Nikkei slumping 2.4% on heavy selling of semiconductor-related shares and other market heavyweights. Tensions in the Middle East were weighing on sentiment…

Beijing orders Apple to pull WhatsApp from China store

Apple Inc said that it removed Meta Platforms’ WhatsApp and Threads from its China apps store after an order from the country’s internet regulator, which said the services pose risks to the country’s security.

Which scientists get mentioned in the news? Mostly ones with Anglo names, says study

A new study finds that in news stories about scientific research, U.S. media were less likely to mention a scientist if they had an East Asian or African name, as compared to one with an Anglo name.

Democratic convention events getting Chicago treatment with new hospitality vendors

HSBC-backed fintech Monese plots break-up amid mounting losses

An HSBC-backed technology company which was in talks to raise funding at a valuation of over £1bn four years ago is to break itself up amid mounting losses.

After a decade of vintage reissues watch brands are taking risks

Everyone’s been taking a trip down memory lane with vintage reissues – until the last couple of years, that is

Thames Water won’t be drawn on secret nationalisation plan and 56 per cent bill rise claims

Britain's biggest water firm, Thames Water, which has built up a mammoth £18bn debt pile, is under severe pressure to come up with fresh funding or face either collapse or being taken into public ownership.

Make employee rewards personal and regular to resonate

Recognition from the boss can keep employees motivated, but it must be the kind of reward that resonates with the team member -More- 

French city installs radar to encourage more running

Officials in Nantes, France, have installed pedestrian speed radars in two local neighborhoods, intended to encourage walkers -More- 

David Zaslav Receives $50 Million for Leading Struggling Warner Bros. Discovery

The chief executive’s 2023 pay package rose 26 percent from the year before, while the company’s losses totaled $3 billion.

Advice from an investor — How to find the right funding options for your start-up

Xavier Collins takes the pen this week, giving his two cents on how to find the right funding options for your start-up.

Drifting for beginners: we go sideways in a Caterham Seven

What’s the most fun you can have at 20mph? I’ll give you a clue: it isn’t stop-starting across most of south London on a Tuesday morning. Thankfully, things are about to get considerably more exciting. The venue is Brands Hatch, the car is a Caterham Seven and today’s ‘work’ ...

What price those memories of defiance? End of FA Cup replays was inevitable – but so depressing

FA Cup replays are on their way out. City A.M editor Andy Silvester rages against the dying of the light. One of my fondest football memories is, like most football fans, a game I wasn’t born in time to see. 1975.  Non-league Wimbledon, fourth round of the FA Cup, away at Elland Road, home ...

News24 Business | Takeover watchdog starts probe into Ascendis Health

The Takeover Regulation Panel said on Friday it has started an investigation into Ascendis Health after a litany of complaints at a firm that is eyeing delisting from the JSE this year.

Narayana Murthy's 5-Month-Old Billionaire Grandson Ekagrah Murty Is Richer By Rs 4.2 Crore

The Infosys’ board has recommended a final dividend of Rs 20 per equity share, and a special dividend of Rs 8 per stock for the financial year that ended March 31. The dividend will be paid on July 1.

Bank of England left with tough choice on interest rate after week of fresh data

Most of this week has been dominated by discussions about when the Bank of England will start cutting interest rates.

Look inside the Indiana company trying to re-create the world's best trumpets

Tools when graduating from novice cook to home chef

Novice cooks whose skills now put them in the home chef category might want to upgrade from hand-me-downs and thrift store ki -More- 

'Putting AI code on AI Ex flights; next on Vistara:' MD Wilson

What to Do When Your 401 Leaves Something to Be Desired

Over the course of a career, the high fees and a lower-quality menu of investment options found in some plans can shrink your balance significantly.

'Planet Money' explores the specialized workforce in Britain known as working royals

The British royal workforce, like that of the global economy, is aging rapidly. But what do these working royals do all day, anyway?

Singapore Recalls India's Everest Fish Curry Masala Over Presence Of Ethylene Oxide Pesticide

Singapore Food Agency recalls Everest Fish Curry Masala from India due to the presence of Ethylene Oxide at levels exceeding permissible limit

Gold price surge impact: Indian jewellers now betting on diamond jewellery in 14-carat gold instead of 18-carat

The surge in gold prices in India has led to a shift in consumer demand for diamond jewellery, with jewellers now introducing 14-carat gold pieces to attract customers back to buying. This trend has prompted jewellers to adapt their offerings, with an increasing number opting for 14-carat gold ...

Credit limit, billing cycle and 10 other important credit card terms you must know

Credit cards offer benefits like cash back and discounts. Understanding key terms such as credit limit, annual fee, and APR is crucial for effective card management and maximizing benefits while making informed financial decisions.

Bitcoin’s ‘halving’: What is it and does it matter?

The halving, which happens roughly every four years – the latest of which is expected this week – is a change in bitcoin’s underlying blockchain technology designed to reduce the rate at which new bitcoins are created.

News24 Business | State capture-dogged Nedbank ditched more than 190 clients in 2023 due to reputational risk

The closure of high-profile bank accounts comes against the backdrop of SA's greylising in early 2023 as well as rising cyber fraud and a spike in reported suspicious transactions.

Banks revise FD interest rates in April: IDBI, Federal Bank and more - these 5 banks have changed fixed deposit rates

Banks updated fixed deposit interest rates in April 2024. Fincare SFB, IDBI, Federal Bank, Bank of India, and Suryoday SFB revised rates. New rates apply to different deposit plans, affecting new deposits and renewals.

Sunak pledges to remove benefits for people not taking jobs after 12 months

People who are fit to work but do not accept job offers will have their benefits taken away after 12 months, the prime minister has pledged.

Vadodara Traffic Police Has ACs Fit To Their Helmets: Watch

The AC helmets are introduced for the comfort and safety of traffic police officers in summer.   

practice

Put it into practice: Reach out beyond your direct reports and get to know a wide range of employees to build a more robust a

Amazon Ran Secret Firm 'Big River' To Gather Intel On Rivals: Report

The employees at the fake company were instructed to take screenshots of the products on various marketplaces.

FM Sitharaman on Elon Musk’s India visit, Tesla plans: ‘India’s ecosystem being recognised by top-notch world companies’

FM Nirmala Sitharaman, when asked about Elon Musk-led Tesla’s plans for India, said: “I'm not sure what the details are. But it is a very good sign for manufacturing in India, particularly high-technology manufacturing.”

Schneider Electric confirms talks with Bentley Systems

French group says it is looking at a ‘potential strategic transaction’ with US software specialist

Taylor Swift surprises fans with secret ‘double album’ edition of her new record

Taylor Swift has surprised her fans by releasing a secret “double album” instalment of her new record The Tortured Poets Department, which is thought to hint at her break-up with British actor Joe Alwyn and The 1975 star Matty Healy. Hours after dropping the 16-song edition of her 11th ...

Forward Global €150m fund set to acquire PR firms in UK, Europe and US

International full-service risk and reputation management firm Forward Global has entered negotiations with private investment firm Bridgepoint Development Capital to invest €150m (£130m) into PR acquisitions.

Can Iran's economy handle a war with Israel?

Iran is suffering from inflation, currency depreciation and the impact of international sanctions. Will new Western boycotts planned following Iran's attack on Israel impact Tehran's ability to wage war?

Rush for high voltage connectors will mean more cable hook-ups

Expect more deals after Prysmian’s acquisition of Encore Wire

Can TikTok's owner afford to lose its killer app?

Sell or be banned - TikTok's US operations, by some estimates, could fetch up to $100bn.

Tesla recalls thousands of vehicles over jammed accelerator issue

Tesla has recalled more than 3,700 of its Cybertruck models following complaints that the accelerator pedal is at risk of getting stuck, US regulators have announced.

News24 Business | Three SA airports slide down Skytrax world rankings - but are still among the world's best

The Cape Town, OR Tambo and King Shaka international airports have all slid down the Skytrax international ranking in recent years, but remain amongst the 100 best in the world.

EY’s Wirecard audits marred by ‘repeated grave’ violations of duties, says watchdog

Big Four firm botched audit work and quality control over several years, Apas concludes in multiyear investigation

Tennessee Volkswagen workers to vote on union membership in test of UAW's plan to expand its ranks

The United Auto Workers’ ambitious drive to expand its reach to nonunion factories across the South and elsewhere faces a key test Friday night, when workers at a Volkswagen plant in Chattanooga, Tennessee, will finish voting on whether to join the union. The UAW’s ranks in the auto ...

Building society and Co-op Bank agree takeover terms

The two lenders agree terms on a takeover deal that could be worth up to £780m.

Post Office lawyer 'takes no pride' working for the company

A lawyer for the Post Office at the height of the Horizon IT scandal has told the public inquiry he feels "no pride" to be employed by the company.

Bank of England rate-setter Ramsden ‘more confident’ inflation pressures receding

Dave Ramsden, one of the nine Monetary Policy Committee (MPC) members, told an audience in Washington that he was now "more confident" that inflationary pressures were receding.

FedEx pledges $25 million over 5 years in NIL program for University of Memphis athletes

FedEx has pledged $25 million over the next five years to be used in sponsorship deals with University of Memphis athletes. The program is a huge boost for the school’s name, image and likeness compensation efforts. The Memphis-based shipping giant says the program will initially focus ...

Grocery delivery app Getir prepares to exit UK market

Getir, the grocery delivery app once valued at nearly $12bn (£9.7bn), is close to pulling the plug on its operations in Britain in a move that would spark concerns for well over 1,000 jobs.

Conference Board LEI gauge slips 0.3% in Mar.

The Conference Board's Leading Economic Index fell by 0.3% in March, another indication of a potential slowdown in the US eco -More- 

EPA designates 2 forever chemicals as hazardous substances, eligible for Superfund cleanup

The Environmental Protection Agency has designated two forever chemicals used in cookware, carpets and firefighting foams as hazardous substances. Friday's action is intended to ensure quicker cleanup of the toxic compounds and require those responsible for contamination to pay for its removal. ...

Commentary: Costlier cyber threats require more collaboration

Cyber criminals, many operating in large teams with backing from foreign states, are increasingly targeting companies in crit -More- 

Israel's long-term credit rating is downgraded by S&P, 2nd major US agency to do so, citing conflict

Israel’s long-term credit rating is being downgraded by S&P, which cited the risk of military escalation with Iran. It is the second major U.S. credit ratings agency to do so. There was an apparent drone attack at a major air base and a nuclear site near the central city of Isfahan early ...

News24 Business | Business brief | Nedbank's fleet acquisition gets green light, and Netflix's 'chump' reporting decision

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

Thousands Are Eligible for Tax Refunds From 2020

The I.R.S. estimates that 940,000 people who didn’t file their returns for that year are due back money. The deadline for filing to get it is May 17.

6 tactics used by the best B2B marketers

Jason Ball, founder of Considered Content, uses his agency's research to explain six ways the best-performing business-to-bus -More- 

Inflation, Interest Rates and Oil Prices Have Jolted the Markets

Euphoria has been replaced by a much more somber mood, changing the value calculations in a host of markets, our columnist says.

Marathon seeks permit to boost Detroit refinery throughput

Michigan regulators are soliciting public comment on Marathon Petroleum's application for a permit to eliminate monthly and y -More- 

Tesla Advisor Takes Part In India's EV Policy Consultation Ahead Of Musk's Visit: Report

Representatives of all the major automobile manufacturers of India including Maruti Suzuki, Hyundai, Tata, Mahindra, Kia, Skoda Auto Volkswagen India, and Renault were present in the meeting.

Rent the Runway needs more than AI to go from rags to riches

Inflation-weary consumers are not the only problem for the online clothing rental company

Watch: M&C Saatchi looks ahead to new senior team

M&C Saatchi has felt headwinds from the wider economy. Watch the latest.

Vodafone Idea FPO picks momentum as institutional investors pour money

Employment law is a minefield for companies and workers

The backlog of cases at tribunals, often seeking compensation for minor slights, serves no one except the lawyers

BCW, Hill & Knowlton warn staffers to brace for layoffs related to Burson merger

The firms have “identified areas in the business where we must eliminate roles, many of which were duplicate,” staffers were told in a memo.

Chinese Export Surge Clouds U.S. Hopes of a Domestic Solar Boom

The decision by a Massachusetts solar company to abandon plans to build a $1.4 billion U.S. factory highlights the risks amid a flood of Chinese clean energy exports.

China’s Export Dominance: What to Know

From cars to solar panels to furniture, China is using lavish bank lending and enormous investments in robotics to cement its global leadership in manufacturing.

New US consulting partner class at PwC to be cut in half

PricewaterhouseCoopers plans to slow its hiring of US consulting partners, reducing its incoming class by more than 50% compa -More- 

Google restructures finance organization with eye toward AI

Google is planning layoffs and relocations as part of a restructuring of its finance organization that will shift focus to in -More- 

What to expect from VC associate relationships

Startup founders creating relationships with venture capital associates need to understand that they are not the decision-mak -More- 

Think carefully before adding a chief AI officer role

Executive suites are being reshaped by the rise of new IT-centered roles like chief metaverse officer and chief artificial in -More- 

2024 Spring Refining and Equipment Standards Meeting, May 20-24, St. Louis, Mo.

The Refining and Equipment Standards Meeting remains an invaluable opportunity to be a part of how the U.S.  -More- 

Answer to Britain’s housing crisis? Labour announces plan to build on ‘grey belt’ land

Labour have set out plans for a housebuilding drive on so-called ‘grey belt’ land in an effort to address the housing crisis.

Food prices a challenge for final descent in inflation: RBI policy minutes

Pressure in food prices has been interrupting the ongoing disinflation process in India, and posing challenges for the final descent of inflation trajectory to the 4 per cent target, as per minutes of RBI's monetary policy meeting that was held earlier this month.

Barclays: Investors moving back into haven assets

Investors are quickly shifting from risk assets as concerns about conflict in the Middle East rise, says Stephen Dainton, hea -More- 

Investors pull $3.7B from high-yield bonds

High-yield bond funds saw $3.75 billion in outflows in the week through Wednesday, data from LSEG Lipper shows, the largest a -More- 

Fed's Williams: No urgency to lower interest rates

In light of the current resilience of the economy, New York Federal Reserve President John Williams said he does not "feel ur -More- 

IMF: Some funds systemically important to bond market

A group of funds has built up a large short position in the Treasury market and could destabilize the financial system during -More- 

Central banks adapt to higher-for-longer US rates

Policymakers worldwide say they are setting their interest rates independently of the Federal Reserve, but local conditions a -More- 

Inflation remains main concern against rate cuts: RBI policy minutes

Treasurys rebound as Middle Eastern tensions rise

Treasurys climbed alongside the dollar Thursday, boosted by the rising prospect of conflict in the Middle East as investors s -More- 

Japan's consumer inflation rose 2.7% in March

Consumer prices in Japan increased 2.7% in March from a year earlier, a slight decrease from the 2.8% rise in February.  -More- 

‘Reality check’ for the green transition

Also in this newsletter: IMF warns EU off ‘subsidy race’, Apple under pressure from China, science round-up

Next UN climate talks are critical to plot aid for poorer nations, says incoming president

The man who will run this year’s United Nations climate talks in November views the upcoming negotiations as a key link in international efforts to curb worsening global warming — if they can be successful. Mukhtar Babayev, Azerbaijan’s environment minister, will serve as president ...

US interest rate setter says 'no hurry' to cut

A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".

Nissan lowers FY2023 net profit forecast on weak sales volume

Nissan Motor Co on Friday lowered its net profit forecast for fiscal 2023 to 370 billion yen from an initial 390 billion yen, citing a larger-than-expected fall in…

Government discussed oil market volatility with OPEC chief, government says

Tesla recalls Cybertruck over sticky problem. Blame it on — yes — soap

Accelerator pedals on the new Cybertrucks can get stuck, a potentially dangerous production flaw. The reason why they're so sticky is soap.

Remembering Robert MacNeil, longtime host of PBS 'NewsHour'

During his decades-long career, MacNeil reported on the Kennedy assassination, the Cuban missile crisis and the fall of the Berlin Wall. He died April 12. Originally broadcast in 1986 and 1995.

Feel like what you do at work goes unrecognised? You’re not alone

Not being recognised for the work we do is prompting many of us to look for greener pastures.

ABC local radio just hit rock bottom. What’s next?

The national broadcaster peaked during bushfires and COVID-19 and it has been downhill for a long time.

Military briefing: the Israeli missiles used to strike Iran

Wreckage photographed in Iraq indicates how Israeli jets hit back at Tehran from afar

Cybertruck pedals can get stuck at 'full throttle,' prompting Tesla to recall thousands

Tesla used too much soap. Now, thousands of Cybertrucks are getting recalled.

FAA Will Require More Rest for Air Traffic Controllers

The agency announced new rules to address the dangers of exhaustion for controllers, who often work grueling round-the-clock schedules.

How major US stock indexes fared Friday, 4/19/2024

The worst week for big technology stocks since the COVID crash in 2020 dragged Wall Street across the finish line of another losing week. The S&P 500 fell 0.9% Friday to close out its third straight losing week. The Nasdaq composite tumbled 2%. The Dow Jones Industrial Average, which has less ...

Hardeep Singh Puri discusses global oil markets with OPEC secretary general

Watch: Pillsbury Doughboy interrupts meetings in General Mills video series

A series of four social videos will highlight the release of General Mills’ Global Responsibility Report.

Warning jailed bankers ruling could hit loan rate

Euribor underpins trillions of euros in loans and tracks the rate banks pay to borrow cash from each other.

Energy Dept. awards $1.93B in 48C IRA credits

The Energy Department on Friday unveiled the recipients of $1.93 billion in Qualifying Advanced Energy Project Credit funding -More- 

Denny Walsh, Reporter Who Tussled With Mayors and Editors, Dies at 88

Mr. Walsh won a Pulitzer Prize for investigative reporting in 1969 and later joined The New York Times. The newspaper eventually fired him.

Credit growth outstrips deposit increase in FY24

Banks compete for deposits as credit outpaces deposit growth by Rs 2 lakh crore in FY24. Highest credit growth was in FY07 at 27%. CareEdge predicts 16% credit growth in FY24.

Top 3 IT companies report 64,000 fall in FY24 headcount

TCS, Infosys, Wipro reduced 64,000 jobs. Infosys expects 1-3% revenue growth, Wipro forecasts -1.5%. US firms fear slowdown. Gen AI impacts IT staffing. Global capability centres hiring, supporting tech industry growth.

Tata Sons seeks IPO waiver from RBI after cutting debt

Tata Sons seeks RBI exemption post TCS stake sale to avoid IPO. Assets meet CIC criteria. Aims to deregister as CIC, sidestep RBI rules amid Cyrus Mistry battle.

Gold price peaks as SET index dips

Domestic prices of gold reached a new record high of 42,000 baht per baht-weight early Friday as the Stock of Thailand (SET) index sunk to a three-year low of less than 1,350 points, with unease in the Middle East sending investors rushing to safe assets.

ABFRL board nod to demerge Madura Fashion & Lifestyle biz

ABFRL approves demerger of Madura Fashion & Lifestyle, plans Rs 2,500 crore equity raise via NCLT scheme. Identical shareholders post-demerger for value creation in business segments.

Wipro's growth lags peers, co cautious about recovery

Wipro's new CEO Srini Pallia faces challenges as company lags in financial metrics. Shares rose 3% on NYSE. March quarter revenue declined by 0.3%. 2023-24 revenue declined significantly compared to peers.

Banks note rising profits

Bangkok Bank (BBL) and SCB X reported slight increases in their net profits in the first quarter this year, fuelled by higher net interest income, but tempered by a rise in loan-loss reserves.

'Robust growth led RBI to keep rates on hold'

RBI governor emphasized economic growth and investment cycle in recent MPC, with hawkish sentiment from members like economist Shreya Sodhani. Rate cuts expected in Q4 2024 amid economic uncertainties and inflation concerns.

Forex reserves drop 1st time in 8 weeks

India's foreign exchange reserves dropped to $643.2 billion from 648.6 billion due to RBI selling dollars amid geopolitical tensions and US interest rate signals. The domestic currency closed at 83.47, depreciating by 0.1% against the dollar.