Business News - Page 24
US debt pressure deepens as long-term bond yields spike to highest since 2007
Inflation fears, Iran tensions and Fed uncertainty trigger global sell-off in long-term bonds
Inflation slows to 2.8% in UK, strengthening bets on BoE policy pause
UK inflation eased to 2.8 per cent in April, coming in below expectations and strengthening bets that the Bank of England will hold interest rates steady at its next policy meeting amid mixed signals from energy prices and the labour market
Why CEOs are becoming influencers as companies fight for consumer attention
As companies battle for shrinking consumer attention in the digital age, CEOs are increasingly turning into influencers, using social media, livestreams and podcasts to build brand visibility and consumer trust
China seeks to extend US tariff truce, says it will buy 200 Boeing jets
China has said it will buy 200 Boeing aircraft while seeking an extension of its tariff truce with the United States, signalling renewed efforts to stabilise trade relations and prevent fresh escalation in bilateral tensions
Samsung strike to begin Thursday after labor talks collapse over pay, raising fears of chip supply disruption
A major strike at Samsung Electronics is set to begin after pay talks collapsed, raising concerns over possible disruptions to global semiconductor supply chains amid strong AI-driven demand for chips
India mulls $1 billion-plus incentives for electric buses, trucks amid energy-security push: Report
India is considering a more than $1 billion incentive programme to boost adoption of electric buses and trucks in the private sector over the next decade, as it seeks to cut oil imports, improve energy security and tackle urban air pollution
EU reaches provisional trade deal with US as it seeks to head off fresh Trump tariffs
The European Union has reached a provisional agreement to remove tariffs on US goods, advancing a key transatlantic trade pact and helping avert the threat of fresh tariffs from US President Donald Trump
Why is Trump’s new IRS settlement triggering allegations of ‘self-dealing’?
Donald Trump’s new settlement with the IRS has sparked accusations of “self-dealing” after the Justice Department barred future audits into past tax matters involving Trump, his family and businesses
US Fed official backs current policy stance, says more rate hikes cannot be ruled out
Philadelphia Fed President Anna Paulson said the current US monetary policy stance remains appropriate but warned that further interest rate hikes cannot be ruled out amid inflation risks linked to tariffs and the Iran conflict
China, Japan are leaving America’s debt party — Washington may be running out of buyers
The world’s two largest foreign lenders to the US are simultaneously reducing exposure to American debt. With Treasury yields climbing and refinancing needs surging, economists are questioning whether the financial equation that powered America for decades is beginning to change.
Iran war impact: UK reports biggest monthly fall in jobs — unemployment spikes to 5%
Britain’s labour market showed fresh signs of stress as unemployment rose unexpectedly to 5 per cent and payrolls recorded their steepest monthly fall since 2014, with economists linking the downturn to the Iran war-led energy shock
India may get fiscal breathing room as RBI expected to transfer record surplus
India is likely to receive a record surplus transfer from the Reserve Bank of India, giving the government some fiscal breathing room amid rising crude oil prices and geopolitical tensions. Economists say the windfall could help offset external pressures, even as inflation and currency risks persist
Russia eyes China gas pipeline breakthrough as Putin heads to Beijing amid global energy turmoil
Russian President Vladimir Putin is in Beijing for talks with Xi Jinping, with Moscow seeking to leverage West Asia energy turmoil to push forward stalled negotiations on the Power of Siberia 2 gas pipeline deal with China
Adani case closed: US drops all charges against Indian billionaire
The US Department of Justice has permanently dropped all criminal charges against Indian tycoon Gautam Adani and his nephew Sagar, bringing high-profile securities and wire fraud case in New York to a complete close after prosecutors concluded they could not sustain the allegations.
Fuel prices rise again: Diesel up 91 paise, petrol 87 paise in second fuel price rise within a week
Petrol and diesel prices were raised again on Tuesday, with diesel up 91 paise and petrol 87 paise per litre, as soaring crude prices and supply disruptions linked to the West Asia conflict continue to strain Indian oil companies and fuel inflation concerns
Japan beats GDP forecasts, recovery gains steam — until West Asia energy shock hits
Japan’s economy grew faster than expected in the first quarter of 2026, driven by strong consumption and exports, but the escalating West Asia energy crisis and soaring oil prices are clouding the outlook for growth and inflation
US approves possible Apache support sale to India months after Trump’s helicopter claims sparked row
The US has approved a $198.2 million Apache helicopter support package for India, months after Donald Trump’s controversial claims over delayed deliveries and amid wider tensions over trade and Russian oil imports
The bond market is flashing a new US economic reality. Here is what it is showing
US Treasury yield curve steepens as bond market shifts from recession fears to signalling a complex mix of sticky inflation, higher borrowing costs and pockets of renewed economic expansion
India’s fuel price hike may reshape spending, logistics and inflation trends: Experts
India’s latest petrol and diesel price hike is expected to push up freight and logistics costs, intensify inflationary pressures and squeeze household budgets as businesses and consumers grapple with rising energy prices linked to geopolitical tensions in West Asia
TVS Venu bets big on banking, picks up 9.9% stake in Jana Small Finance Bank
Strategic investment signals deeper push into financial services, with focus on MSME and retail lending growth
‘Indian economy can weather energy shock — for now’: S&P economist sees a ‘green’ future
India’s economy remains resilient despite the oil shock triggered by the Iran war, but prolonged high crude prices could deepen inflation, widen the current account deficit and pressure growth, said Vishrut Rana, Asia-Pacific economist at S&P Global Ratings
SpaceX fast-tracks blockbuster IPO, targets June 12 Nasdaq debut in record-breaking listing
Elon Musk-led rocket giant eyes $75 billion raise, set to surpass Saudi Aramco as the biggest IPO in history
Japan's Nidec to unwind China EV axle venture amid rising Tokyo-Beijing tensions
Japan’s Nidec is set to dissolve its China-based EV e-axle joint venture with Guangzhou Automobile Group as intense price competition and rising Tokyo–Beijing geopolitical tensions reshape the electric vehicle supply chain and force strategic realignment across Japan Inc
Rupee hits fresh record low as Iran war, oil shock deepen pressure on Indian economy
The Indian rupee fell to a fresh record low of 96.18 against the US dollar on Monday as soaring crude oil prices, rising global bond yields and escalating Iran war tensions intensified pressure on India’s economy and financial markets
Sensex falls over 800 points in opening trade as oil surge, West Asia tensions weigh on sentiment
Indian stock markets opened sharply lower on Monday, with the Sensex falling over 800 points and the Nifty slipping more than 1 per cent, as surging crude oil prices and escalating West Asia tensions rattled investor sentiment
China consumers retreat again as retail sales post weakest growth since 2022
China’s retail sales growth slowed to its weakest pace since 2022 in April, highlighting fragile consumer demand as rising energy costs from the Iran war, weak property investment and slowing factory output weigh on the economy
Rare earth truce? China agrees to ease US supply concerns after Beijing summit
China has agreed to address US concerns over rare earth shortages following the Trump-Xi summit in Beijing, signalling a possible easing of supply chain tensions amid ongoing trade disputes
India may need Rs 80 lakh crore urban infra investment by 2037 as cities drive economic growth: Report
India may need nearly ₹80 lakh crore in urban infrastructure investment by 2037 as cities become the main drivers of economic growth, according to a Brickwork Ratings report
China agrees to buy at least $17 billion in US farm goods after Trump-Xi talks
China has agreed to buy at least $17 billion worth of US agricultural products annually through 2028 following talks between Donald Trump and Xi Jinping, signalling a fresh push to stabilise trade ties between the world’s two largest economies
Oil nears $111 after drone strike on UAE plant sparks fresh supply concerns
Oil prices climbed for a third consecutive session, with Brent crude nearing $111 a barrel after a drone strike on a UAE nuclear plant intensified fears of supply disruptions in West Asia amid stalled US-Iran talks