Business News - Page 10
China says it can endure an EU trade freeze. Here's why Beijing sounds so confident
China says it can withstand even a freeze in trade ties with the European Union as Brussels hardens its stance on subsidies, market access and supply-chain risks. Here's why Beijing believes it has the upper hand despite rising tensions
Putin admits fuel shortages. Why Ukraine's drone war is becoming Russia's costliest challenge
Ukraine's escalating drone attacks on Russian oil refineries are exposing new vulnerabilities in Moscow's war economy. As Vladimir Putin admits fuel shortages for the first time, here's why Kyiv's long-range strategy could become Russia's costliest challenge
OpenAI names ex-Uber India chief Prabhjeet Singh to lead India operations
OpenAI on Sunday formally appointed former Uber India and South Asia President Prabhjeet Singh as its Managing Director for India
Air India launches ‘Easy Connect’ hub-and-spoke trials: From baggage drop to international transit
Starting with Varanasi trials, the initiative lets international passengers clear immigration at their origin airport, bypass long queues in Delhi, and seamlessly connect to 17 global destinations.
'Unfair to India': Piyush Goyal takes aim at Fitch, Moody's, says agencies failed to recognise India's growth story
"So far, we only had Fitch, Moody's and Standard & Poor, and I can say on record that they have been unfair to India. They have not recognised the India growth story, the strong India fundamentals, and the Indian capability and future, and captured it as much as a rating agency should have done. I will not cast any motives to it, but I do express surprise," Goyal said
Bangladesh urges China to narrow trade gap, speed up infrastructure projects
Tarique Rahman seeks greater market access for Bangladeshi exports, faster delivery of Belt and Road projects, and deeper economic cooperation during his maiden China visit.
Cheaper AI models to fuel infrastructure boom, memory chip makers set to gain: Jefferies
Brokerage says lower AI costs will accelerate enterprise adoption, drive demand for data centres and memory chips, while AI capital expenditure shows no signs of slowing.
Historic first: MEA opens Toshakhana vault for public auction of Rolex and luxury gifts
Around 300 diplomatic gifts received by senior government officials are being auctioned for the first time under the revised Toshakhana Rules, 2024, with bidding open until June 30.
Goldman Sachs turns more bullish on India, raises CY26 GDP forecast to 6.8%
Falling crude oil prices after the US-Iran peace deal prompt Goldman Sachs to upgrade India's growth outlook while cutting inflation and current account deficit estimates for CY2026.
A new fault line in OPEC: Why Iraq wants a bigger slice of the oil pie
As Baghdad pushes for higher production quotas, a deeper struggle over influence, market share and the future of the oil cartel is beginning to emerge.
South Korea's Kospi is soaring one day, sinking the next. Here's why
South Korea's benchmark Kospi has become the world's most volatile major stock market as the AI boom collides with rising valuations, soaring chip costs and heavy retail speculation. Here's why the dramatic swings could signal the next phase of the global AI trade
South Korea's Kospi halts trading after plunging over 8% amid AI sell-off
South Korea's Kospi plunged 8.2% and briefly halted trading after a circuit breaker was triggered, as a US tech sell-off hit chip stocks and raised fresh concerns over AI spending
Why your next smartphone and laptop may cost more — even as the chip shortage fades
The global chip shortage may be easing, but a new AI-driven memory crunch is pushing up the cost of smartphones, laptops and other gadgets. As memory chipmakers prioritise lucrative AI data centre orders, companies like Apple are raising prices, signalling that consumers may soon pay more for everyday electronics
Elon Musk moves X closer to becoming an 'everything app' with X Money rollout
Elon Musk has expanded X Money to a select group of premium users in the US, bringing X closer to his long-term vision of creating an "everything app" that combines social media, messaging and digital payments
Bumble is looking for a match — the dating app explores a sale as users swipe left
Bumble is exploring a potential sale as slowing growth, declining paying users and dating app fatigue weigh on its business. The company has reportedly hired Morgan Stanley to assess strategic options
Samsung plans $648 billion South Korea investment over a decade: Report
Samsung Group is reportedly set to unveil a 1,000 trillion won ($647.5 billion) investment plan for South Korea over the next decade, including up to 300 trillion won for new semiconductor factories, as the country doubles down on its AI and chip ambitions
US revises Q1 GDP growth higher to 2.1% from 1.6%, markets rethink Fed rate cut bets
Stronger-than-expected US economic growth signals resilience, but softer consumer spending raises questions over Fed’s future policy path and global capital flows
Jamie Dimon succession race heats up as JPMorgan names two frontrunners for top job
With Marianne Lake stepping down, JPMorgan elevates Doug Petno and Troy Rohrbaugh as co-presidents, marking a crucial phase in the race to succeed Wall Street’s longest-serving banking chief Jamie Dimon.
Can Indians buy property in Saudi Arabia now? New property rules, explained
Saudi Arabia has opened its real estate market to foreign buyers, including eligible Indians, through a new ownership framework and digital portal. The reforms allow non-Saudis to purchase property in designated zones while maintaining restrictions in Makkah and Madinah, as the Kingdom pushes ahead with Vision 2030
PM Modi meets Amazon CEO Andy Jassy as tech giant commits $13 billion more to fuel India’s AI boom
E-commerce giant Amazon’s latest investment will strengthen AI capabilities, cloud infrastructure and digital services in India as global tech firms accelerate their bets on the country’s fast-growing digital economy.
Jaishankar warns against zero-sum world as ‘entrenched powers’ lose competitive edge
At the 21st Jeju Forum, EAM S Jaishankar highlighted India’s ‘Vasudhaiva Kutumbakam’ vision and called for global cooperation amid rising tensions.
Russia exports oil to the world. So why can't it keep fuel cheap at home?
Ukraine's escalating drone strikes on Russian refineries have slashed gasoline production, triggered fuel shortages and pushed fuel prices to their highest level in at least 20 years, exposing vulnerabilities in the world's second-largest oil exporter
From panic to pause: Why Brent crude’s fall to $72 signals a reset in oil markets
Oil markets cool after geopolitical shock as easing Strait of Hormuz fears, rising Middle East supplies and improving tanker movement push Brent back to pre-war levels
Gold cheapest since November 2025: Five reasons the yellow metal is losing its shine
Gold prices have fallen below $4,000 an ounce for the first time since November 2025, hitting a seven-month low. Here's a look at the five key factors — from a hawkish Federal Reserve and a stronger US dollar to easing geopolitical tensions — driving the precious metal's sharp sell-off
India could grow above 7%, beating RBI's 6.6% forecast if oil stays low: Report
RBI MPC member Nagesh Kumar says India's economy could return to a 7 per cent-plus growth trajectory in FY27 if peace in West Asia endures and crude oil prices remain low, improving both inflation and growth prospects
The game that lets players 'obliterate anything': Why Philippines blocked GoreBox
The Philippines has temporarily blocked GoreBox, a graphic online shooter game with over 10 million downloads, after investigators linked one of two teenage suspects in a deadly school shooting to the platform
Baiju Bhatt's 'friend check': Robinhood co-founder backs startups with cheques of up to $100,000
Robinhood co-founder Baiju Bhatt says he regularly writes "friend checks" of $50,000 to $100,000 to support startups launched by friends and acquaintances, provided he believes in the idea
Anthropic accuses Alibaba of largest-known AI model theft attempt, cites 28.8 million Claude queries
Anthropic has accused Alibaba and its Qwen AI unit of using nearly 25,000 fake accounts to generate 28.8 million Claude interactions in what it calls the largest-known AI distillation campaign aimed at replicating its technology
30 ships through, 26 waiting: What Hormuz's reopening means for India
Thirty India-linked vessels have crossed the Strait of Hormuz safely while 26 more await passage, offering relief for India's energy imports but highlighting the country's continued dependence on one of the world's most vulnerable maritime chokepoints
South Korean chipmaker SK Hynix jumps 11% as investors cheer $29 billion Nasdaq listing plan
SK Hynix shares surged 11 per cent after the AI memory-chip leader unveiled plans for a $29.4 billion Nasdaq listing, one of the largest stock offerings ever attempted