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Political scraps over public or private ownership are a distraction to solving Britain’s railway woes

Delays, cancellations and strikes - the UK's railways are in a mess. But both parties' solutions for fixing the nation's rail network are flawed, argues Guy Taylor

NT prepares migration plan as spectrum expiry looms

State telecom enterprise National Telecom (NT) has prepared a plan to migrate customers from its three expiring spectrum ranges to the 700-megahertz range it obtained at the 5G licence auction in 2020.

Australian politicians join the unhappy queue behind Tesla investors

The Musk fan club is being sorely tested, as the company ricochets between issues including slowing sales, increased competition and falling vehicle deliveries.

‘Magnificent Seven’ sell-off ahead of big week for big tech

Big tech share prices have been dented by a sector-wide sell-off of risky assets ahead of four "Big six" firms reporting Q1 results.

Londoners back stop and search as violence cost taxpayers £7bn, poll finds

Londoners backed stop and search in a bid to slash crime rates, pollsters found, as it emerged violence cost the capital’s taxpayers £7bn last year.

Championship mania: Leicester, Ipswich, Leeds and Southampton locked in epic promotion race

With three games remaining, four teams are still scrapping over the two automatic promotion places.

Meet the fund managers: Lessons from 40 years in the investment industry

In City A.M.'s weekly series, Elliot Gulliver-Needham sits down with David Coombs, head of multi-asset investments at Rathbones.

FCA senior man on the move to growing comms agency

A SENIOR ADVISOR at the City watchdog is set for a new gig at a growing comms and public affairs firm. FCA man Ramesh Chhabra is to leave his role as right hand man to CEO Nikhil Rathi for a job at Lexington, the expanding comms agency. Chhabra – regarded as one of the most effective comms [...]

Asda tycoons’ private jets flew to the Caribbean 50 times, data reveals

The private jets of Asda's billionaire owners, the Issa brothers, flew between London and the Caribbean more than 50 times over a two-and-a-half-year period, City A.M. can reveal.

The Notebook: How to make an effective change this World Earth Day

Reed CEO James Reed takes the Notebook pen to talk Liz Truss, training the next gen, and effective charity through the Big Give.

AIM delistings jump 62 per cent as London’s small cap market suffers

The number of companies delisting from London's Alternative Investment Market (AIM) has soared past pandemic-era highs.

Business ‘debanking’ complaints nearly double in a year as MPs warn of ‘unfair’ account closures

The number of official complaints over business "debanking" has almost doubled in the last year, new figures show, as MPs accuse lenders of "unfairly" closing customers' accounts.

Tesla cuts the price of its "Full Self Driving" system by a third to $8,000

Tesla knocked about a third off the price of its “Full Self Driving” system — which can’t drive itself and so drivers must remain alert and be ready to intervene — to $8,000 from $12,000, according to the company website. Tesla CEO and billionaire Elon Musk promised in 2019 that there ...

‘Debanking’ complaints to UK financial ombudsman surge

Thousands of customers take issue with accounts that have been frozen or closed and more cases have been upheld

VW workers vote to unionise in major win for labour

The United Autoworkers Union took a risk in a Republican - and often anti-union - part of the US.

Look, no hands! My trip on Seoul's self-driving bus

A technology company has been testing autonomous buses on the streets of the South Korean capital.

Evaluating the progress of 'quick win' projects

Many digital projects being developed under the Digital Economy and Society (DES) Ministry's "quick win" policy for 2024 are on track, thanks to cooperation from related agencies.

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.

Israel sanctions: Who has imposed curbs over Gaza war?

Calls for sanctions on Israel over its offensive in Gaza are growing louder. France has refused to rule out curbs, while Turkey has restricted exports of dozens of products to Israel until a cease-fire is announced.

Eateries push local food in casino areas

The Thai Restaurant Association is asking the government to consider building an integrated entertainment complex, featuring casino, hotel, shopping mall, amusement park and restaurants, in a second-tier area, promoting local dishes to sell in the complex.

Can AI help solve Japan’s labour shortages?

Japan is seeing if artificial intelligence can tackle its increasing shortfall of workers.

Small businesses face punitive charges from new Brexit border fees

Trade groups say monthly tariffs that importers of food and plants from the EU will have to pay will add up quickly

Call to hike renewable proportion

The government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP), which is scheduled to be finalised in the second quarter of this year.

Mutual fund assets up 2.58% to B5.28tn

Thailand's mutual fund industry registered a net asset value of 5.28 trillion baht in the first quarter, up 2.58% or 133 billion baht from the end of 2023, backed by strong growth of fixed income funds and foreign investment funds (FIFs).

News24 Business | Ditched workers want jobs back as new owner takes over besieged Optimum Coal Mine

Former Optimum workers gathered outside the mine last week to demand engagement on job opportunities.

Thai sugar output falls amid drought

Thailand's sugar cane output declined in the 2023-24 crop year, resulting from severe drought, which may affect sugar supply in the global market, says the Office of the Cane and Sugar Board (OCSB).

Sector poised to hit B700bn in value

The value of the local e-commerce segment this year is expected to reach 700 billion baht, driven by higher business registrations with the Business Development Department.

FTAV’s further reading

Garden gnomes; big pharma; intelligent insects; four-day work week

You cannot spell retail without AI

In Thailand it is common to hear people refer to shopping as a "hobby". During the pandemic, 94% of Thai consumers said online shopping had come to their rescue during Covid lockdowns.

Tesla cuts its car prices around the world after week of turmoil for the company

The company dropped its starting prices of its Model X, Model Y and Model S by $2,000 in the U.S.

Avatar director James Cameron backs new UK studio scheme

One of Hollywood’s most successful figures says Buckinghamshire site could be regional base for his Lightstorm3D company

What the Magnificent Seven’s $1.7 trillion meltdown tells us about the economy

The key question for investors is whether this is just a correction in what has been quite an ebullient market – or something more threatening.

ASX rallies as miners, healthcare stocks climb

Australian stocks muscled up on Monday after a torrid fortnight of trading, and despite a negative lead from Wall Street over the weekend.

Covid vaccine makers to clash in London over mRNA patent dispute

Moderna alleges Pfizer and BioNTech infringed its patents in use of mRNA platform

The meat of the matter

Plant-based meat manufacturing is catching the interest of many companies eager to develop a new source of revenue.

Jon Stewart roasts Bay Area tech CEOs, says Apple stopped him from interviewing critic

Jon Stewart skewered Bay Area tech execs and complained about his Apple bosses.

Singapore orders all employers to consider workers’ flexi-time requests

Workers in Singapore can now ask for four-day work weeks, more work-from-home days and staggered work timings starting from Dec 1, underscoring the global trend of governments and companies relaxing office arrangements in order to retain talent.

News24 Business | Discovery offices now have puppies to boost employee wellness

Discovery says research has shown that petting animals releases serotonin, endorphins and oxytocin, mimicking the effect that a mother's love has on babies.

Tesla shareholders braced for worst results in 7 years

Investors want to know whether electric-car maker is in the midst of a major change in direction

Why CEO succession is so difficult to get right

Boards are being forced to think about finding future leaders earlier as shareholders demand greater insight

Ex-Smiths chief set for pay bump after quitting FTSE for smaller US group

Paul Keel in line for multimillion-dollar pay rise despite jumping to a US company half Smiths’ size

China’s Pinduoduo Has Reshaped Discount Shopping

Pinduoduo appeals to people seeking deals and “downgraded spending,” as consumer purchasing in China has slowed recently amid economic rockiness.

EU regulator urges action on climate threat to insurance

Eiopa head says rise in losses from natural catastrophes needs to be addressed by firms and member states

Global banking regulator sounds out investors on suitability of AT1s

Debt instrument has been in the spotlight since holders of Credit Suisse additional tier 1 bonds lost $17bn last year

Toubani delivers bonanza-grade gold hit at Mali project

Toubani Resources has returned an impressive 2m hit grading a massive 178 grams per tonne gold from just 69m at its Kobada project in Mali.

Bridgepoint considers sale of Swedish drinks maker Vitamin Well

UK private equity group appoints advisers to explore options amid early signs of recovery in buyout market

Consulting firms step up efforts to push out their low performers

McKinsey’s mid-year reviews are the latest attempt to increase ‘attrition’

Chinese flying taxi sector claims global lead thanks to regulatory support

Shanghai’s AutoFlight wins approval for unmanned aircraft in nascent market forecast to be worth $1.5tn a year by 2040

Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchanged

Markets in Asia apart from Shanghai’s are broadly higher, shrugging off the blues on Wall Street after big technology stocks logged their worst week since the COVID crash in 2020. Oil prices fell while U.S. futures advanced. Shares fell in Shanghai after China's central bank left its 1 and ...

FDIC ponders tighter checks on big ‘passive’ investors in US banks

Proposals would demand asset managers show they are not seeking to control lenders in which they have large stakes

FTSE 100 today: London markets poised for green start as Israel-Iran tensions ease; focus turns to ‘Magnificent Seven’ earnings

Global markets saw a significant turnaround, with Asian stocks rebounding strongly while oil and gold prices dipped. Bitcoin, on the other hand, surged by 3 per cent. Investors are eagerly awaiting earnings reports from the "Magnificent Seven" companies and aviation giants Boeing and Airbus, ...

Stock market today: BSE Sensex surges 450 points; Nifty50 above 22,250

Stock market today: This week is expected to be important for financial markets as concerns about a potential Iran-Israel conflict persist. Indian equity benchmark indices, BSE Sensex and Nifty50, surged in trade on Monday.

Malaysia plans Southeast Asia's largest integrated circuit design park

KUALA LUMPUR: Malaysia plans to build Southeast Asia's largest integrated circuit design park and will offer incentives including tax breaks, subsidies and visa exemption fees to attract global tech companies and investors, the government said on Monday.

What to stream this week: A Bon Jovi documentary, Idris Elba in 'Knuckles' and 'Anyone But You'

This week’s new streaming entertainment releases include the Sydney Sweeney and Glen Powell hit romantic comedy “Anyone But You” hitting Netflix, two teen ghost detectives who appear in DC comic books star in their own series called “Dead Boy Detectives" and a documentary detailing Bon ...

‘Truss playbook’: Labour attacks Susan Hall’s ‘unfunded’ spending plans

Labour have today attacked Conservative mayoral candidate Susan Hall’s “uncosted” spending plans for City Hall as “straight out of the Liz Truss playbook”.

UK rules out EU-wide deal on work and study visas for young people

The government has ruled out striking an EU-wide agreement on allowing an exchange of young people to work and study for extended periods of time.

FTSE 100 live: London shares set to rise amid growing speculation of BOE rate cut

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

Kurdish separatists and water issues loom large in long-awaited Erdogan visit to Iraq

Turkish President Recep Tayyip Erdogan is set to make his first official visit to Iraq in more than a decade. Turkey is seeking greater cooperation from Baghdad in its fight against a Kurdish militant group that has a foothold in northern Iraq. Other issues also loom large between the two ...

London and New York are partners for prosperity

Together, London and New York can use financial and professional services to drive prosperity on both sides of the Atlantic, says Chris Hayward London and New York are the twin pillars on which the global financial system rests. The United States is our single largest trading partner, worth ...

2024 Maruti Suzuki Swift: Hatchback Receives 4-Star Safety Rating In Japan NCAP Crash Test

According to Japan NCAP crash test results, the 2024 Maruti Suzuki Swift provides strong protection to passengers in frontal and side collisions.  

Sensex Climbs 640 Points; Nifty Tops 22,300-Level In Early Trade

Extending its previous day's rebound, the 30-share BSE Sensex climbed 639.85 points to 73,728.18 in early trade. The NSE Nifty went up 190.1 points to 22,337.10.

From Sin City to the City of Angels, building starts on high-speed rail line

Groundbreaking on a $12 billion high-speed passenger rail line between Las Vegas and the Los Angeles area is just about here. A ceremony by Brightline West is set for Monday in Las Vegas with U.S. Transportation Secretary Pete Buttigieg. The company plans to have trains running by 2028 from ...

Dirtier and heavier oil in demand as market shifts

Oil that is more sulphurous and dense is gaining popularity in the Asian physical market in a rare shift away from the usual pattern as global crude flows change and rewards from refining move in its favour.

Delhites Are Most Forgetful Cab Riders; Check What THIS Survey Has Revealed

According to a survey by Uber, Delhites ranks first in terms of forgetting luggage, followed by people from Mumbai, Bengaluru, Hyderabad, and Pune.   

Global top 50 companies: UK absent as American tech triumphs

There are now no UK companies among the top 50 largest listed companies in the world, as the British economy has struggled to compete with the dominance of American tech firms.

Debt-strapped European games group Embracer plans 3-way split

Manager of ‘Tomb Raider’ and ‘Lord of the Rings’ franchises to restructure as it works to pay down debt

Australian leader criticizes X for failing to remove church violence content

Australian Prime Minister Anthony Albanese has criticized social media platform X for refusing to remove graphic posts about a knife attack on a bishop and priest in a Sydney church last week. X Corp. announced last week it would fight in court an Australian regulator's orders to take down ...

Allica Bank: Fintech darling reports first annual profit as loan book swells to £2bn

Allica Bank has reported its first annual profit since it launched three years ago, with its revenue more than doubling on the back of bumper lending growth, a surge in deposits and a boost from higher interest rates.

B Lab delays decision on whether Havas London will remain a ‘B Corp’

Media giant Havas London’s B Corp status continues to hang in the balance, after the accreditation’s gatekeeper chose to delay the conclusion of its investigation into whether its work with Shell is reconcilable with B Corp values.

News24 Business | Naspers and Tencent leap as much-anticipated game gets early release

Tencent Holdings shares staged their biggest rally since February after China's biggest internet firm nailed down an earlier-than-anticipated debut of one of the year's most eagerly awaited mobile games.

Asda boasts earnings and cash flow growth as low prices and loyalty apps win over consumers

The firm pointed to the success of its loyalty app scheme, lower opening price points and the Just Essentials range.

Apple’s India stores join ranks of iPhone maker’s top-performing retail stores globally

Apple's two company-owned outlets in India have completed a successful first year, reporting significant revenue and paving the way for expansion. The two Apple stores have clocked monthly average sales of Rs 16-17 crore each consistently since their launch. The Mumbai store revenue has been ...

Phuket expects roadshow will lure million extra Chinese

PHUKET: Phuket is preparing for an extra one million tourists from China this year, expected after a tourism promotion in three Chinese cities.

Japan's anti-monopoly body orders Google to fix ad search limits affecting Yahoo

Japan’s antitrust watchdog says U.S. search giant Google must fix its advertising search restrictions affecting Yahoo. The Japan Fair Trade Commission decided Monday that its recent study of Google’s practices showed it was undermining fair competition in the advertising market. Google did ...

For Sale: A Rare Klimt Portrait, Valued at $32 Million. But of Whom?

The painting’s re-emergence after decades has come with a swirl of questions about its subject, one of three related teenage girls.

States Move to Ban Deepfake Nudes to Fight Sexually Explicit Images of Minors

Legislators in two dozen states are working on bills, or have passed laws, to combat A.I.-generated sexually explicit images of minors.

Solar Intentions, an astrology-themed sober bar, predicts late summer opening

Jeep Compass 4x2 AT Review: Expensive But Excellent Ride & Handling

I drove the Jeep Compass 4x2 diesel Automatic top-end Model S for almost 400 km and here is what I have learned about its engine, ride & handling.

Frenkel Topping posts double-digit revenue growth and a new acquisition

Frenkel Topping reported double-digit growth in revenue and profit over the 2013 financial year, as the firm announces a new acquisition.

Peers call on regulator to halt ‘name and shame’ plans as City fury grows

An influential group of peers has called on the Financial Conduct Authority (FCA) to halt plans to ‘name and shame’ the firms it is investigating as fury over the proposals grows in the City.

Biden is marking Earth Day by announcing $7 billion in federal solar power grants

President Joe Biden is marking Earth Day by announcing $7 billion in federal grants to provide residential solar projects serving 900,000-plus households in low- and middle-income communities. He also plans to expand his New Deal-style American Climate Corps green jobs training program. ...

‘I can finally breathe’: Nelly Korda relief at equalling LPGA Tour record in Chevron win

The world No1 became the first player for 19 years to win five tournaments in a row on the LPGA Tour.

Exxon leads industry fight against UN plans to limit plastic

Petrochemical companies oppose global agreement that would cut production to curb pollution

UK’s asset managers need more than a change in macro mood

The basic issue for the sector is that revenues are flatlining

Four 'American Indicators' share their view of the U.S. economy — and their politics

The economy is a top voting issue for many Americans. Four "American Indicators," people reflecting different sectors of the economy in different parts of the country, talk about their politics.

City of London has ‘record’ office leasing deals allaying hybrid work fears

The City of London market saw a record 331 office leasing deals in 2023, the joint highest number recorded over the last 10 years, defying concerns the area had experienced a downturn following a rise in hybrid working patterns. 

Airfield on standby for Rwanda flights, Rishi Sunak announces as bill set to pass

The government has an airfield on standby with commercial charter planes booked, Rishi Sunak has announced, as the Rwanda Bill is expected to finally pass today.

A ban on single-use plastics takes effect in Hong Kong in a bid to reduce pollution

Hong Kong has passed a legislation to stop the sale and distribution of Styrofoam products and single-use plastic cutlery as a way to reduce the amount of plastic waste in the city. Restaurants in Hong Kong will not be able to provide single-use cutlery to dine-in customers and for takeaway ...

RBI Directs Payment Companies To Report Suspicious Transactions Ahead Of Lok Sabha Elections

Banks have been directed to share everyday reports to the poll panel by the Chief Election Commissioner (CEC)

Alzheimer’s drug Leqembi falls short of blockbuster status in faltering US rollout

High costs and concerns over efficacy and side effects limit uptake of first treatment as another nears approval

RBI directs payment firms to track high-value, fishy transactions during elections

The Reserve Bank of India has directed regulated payment companies to monitor high-value or suspicious transactions to prevent misuse during elections. This directive aims to curb influence on voters and indirect funding of candidates.

Another round of FDI reforms? Liberalisation of Defence, Banking, Insurance foreign direct investment norms on the cards

The government is exploring the possibility of relaxing foreign direct investment norms for banking, insurance, and defence sectors. Talks are ongoing to ease conditions for these key sectors post-elections in June. FDI equity inflows saw a 13% decline year-on-year, totaling $32.03 billion ...

Vodafone Idea's Rs 18,000 crore FPO fully subscribed with strong global institutional investors’ interest

Vodafone Idea's FPO, India's largest, fully subscribed. Global investors like GQG, Capital Group, Fidelity Investments participated. Strong demand from QIBs. Shares priced Rs 10-11. Share price doubled in a year.

Thames Water’s new business plan could see bills rise by over 40 per cent by 2030

Already in the hole for around £18bn, today's update brings the company's expected total cost for its 2025-2030 plans to £19.8bn

Hipgnosis: “Minded” to go with Blackstone in takeover battle if £1.2bn bid firms up

Concord had valued Hipgnosis Song Fund at $1.4bn (£1.1bn) in its bid last week, but Blackstone floated an offer seven per cent higher.

This week: economic growth, unemployment, inflation update

The Commerce Department releases its initial estimate of first-quarter economic growth on Thursday. The Labor Department releases its weekly tally of unemployment benefit applications on Thursday. The Commerce Department delivers its March snapshot of U.S. consumer spending and inflation on Friday.

Larger properties drive UK asking prices to near-record high

Rightmove data comes against a backdrop of recent volatility in mortgage market

Heathrow Airport strikes to cause ‘severe disruption’ on May bank holiday weekend

Strikes at Heathrow airport could see flights delayed and "severe" disruption over the May bank holiday weekend, a union has warned.

Thames Water plots 45pc bill increase in battle to survive

Thames Water aims to increase bills by 45pc over the next five years as its £18bn debt mountain leaves it on the verge of collapse. ]]>

Almost 500 jobs saved as private ambulance company sold out of administration

Almost 500 jobs have been saved after a private ambulance company was sold out of administration.

Why I left my leading role at KPMG to start my own accountancy firm for Britain’s SMEs

Warren Mead was 26 years into his corporate career at Big Four accounting firm KPMG before realising he had an unfulfilled knack for entrepreneurship.

Low-cost wealth creation opportunity: Why financial planners are recommending Nifty 500 over Nifty 50

Financial planners are suggesting Motilal Oswal Mutual Fund's Nifty 500 Index Fund to clients seeking a streamlined equity portfolio with fewer schemes. The fund, encompassing a diverse range of companies across large-cap, mid-cap, and small-cap segments, has outperformed the Nifty 50 in recent ...

Mobico: National Express owner’s CFO to depart after ‘regrettable’ accounting issues

Mobico Group's CFO will depart after accounting issues caused the firm to delay publication of its full-year results twice.

Africa-focused fund draws early investors to tech industry

TLcom Capital doubles previous amount to raise $154mn for continent’s start-ups in a move that could help ease sector gloom

CVC co-founder Donald Mackenzie set to net €150mn from public listing

Private equity group’s largest shareholder expected to sell almost 10mn shares in IPO

Many in Gen Z ditch colleges for trade schools. Meet the 'toolbelt generation'

With demand for jobs like HVAC technicians, electricians and wind turbine installers, enrollment is ticking up at vocational schools as four-year college costs continue to soar.

Pakistan's benchmark share index breaches 71,000, hits record high; surges 74% in a year

Pakistan's benchmark share index traded at a record high of 71,474 points, up 0.8%, after earlier breaching the key 71,000 level on Monday. The market has surged 74% over the past year and is up 10.43% year-to-date.

Urenco: Revenue surge for government-backed uranium transport group’s UK arm

Revenue at the UK arm of Urenco, a company that transports uranium overseas, surged by almost £100m during 2023.

Asda sales rise amid cost of living squeeze

UK’s third-biggest supermarket targets further debt reduction

Helical extends London Wework lease amid takeover talks

Property investment and development company Helical has extended its lease with Wework until June following a decision late last year to remove the struggling hybrid workplace provider after it could no longer pay its rent. 

Mahindra XUV 3XO To Feature Panoramic Sunroof; Check What New Teaser Reveals

The recent teaser by Mahindra suggests that the new XUV 3XO will come with a panoramic sunroof, which will be a first in its segment.

Thames Water warns of even bigger surge in bills under new plans

The UK's biggest water company has put forward an investment offer that could increase customer bills even more than the 40% rise it already requested.

Asian shares shrug off Wall St blues as China leaves lending rate unchanged

Markets in Asia apart from Shanghai's were broadly higher Monday, shrugging off the blues on Wall Street after big technology stocks logged their worst week since the COVID…

Train drivers at 16 rail companies to strike next month

Train drivers at 16 rail companies will stage a series of fresh strikes next month in their long-running pay dispute, the Aslef union has announced.

Thames Water pushes up spending promise by £1.1bn

Troubled utility asks regulator to approve higher spending and potential rise to bills

Made Tech shares jump 35 per cent as lucrative government contract announced

Since 2019, data services firm Made Tech has won three major government contracts worth a combined total of around £12.6m.

Hornby: British model railways maker’s shares tumble as Red Sea delivery delays hit sales

Hornby, the British manufacturer of iconic model railway sets, has flagged a dip in sales after deliveries were delayed by Red Sea ship attacks.

Noida International Airport Conducts First Calibration Flight, First Phase To Be Operational By December 2024

The Noida International Airport conducted its first Doppler Very High Frequency Omni Range (DVOR) calibration flight to test navigation systems of the Noida airport.  

7 Simple Tips And Tricks To Cut Down Your AC Bill This Summer

Usage of Air conditioners in summer ends in hefty electric bills, however, a little care and mindfulness in the usage of AC will reduce a lot of burden on your electric bill. Check some tricks and tips

Consumer watchdog refuses to certify green labelling scheme

The ACCC has not certified a key federal government program used by more than 500 companies to promote their environmental credentials.

New York Stock Exchange tests views on round-the-clock trading

Poll comes as US regulators review Steve Cohen-backed proposal for a 24/7 exchange

Edelman names ex-Snapchat creative lead as UK head of digital

Edelman has hired a social media expert who has experience working for Snapchat, and on accounts including Google and Amazon, as its UK head of digital.

News24 Business | SA's 'calculated risk' in siding with the West's rivals has paid off... for now

South Africa is playing all sides when it comes to foreign policy as the country seeks to position itself as a leading voice of the Global South, and the approach seems to be working — so far.

New BLM rule limits new oil, gas leasing in Alaska reserve

The Interior Department's Bureau of Land Management has finalized a rule that restricts new oil and natural gas leasing on 13 -More- 

Supreme Court allows soccer promoter's antitrust suit over FIFA policy on league matches to proceed

The Supreme Court is allowing a soccer promoter’s antitrust lawsuit to go forward against FIFA and the U.S. Soccer Federation over the world governing body’s policy of not permitting a country to host league matches involving teams from other countries. Monday's order leaves in a place ...

Another US gas storage boom is in the making

The US natural gas storage market is experiencing a new phase of growth, propelled by liquefied natural gas exporters, power  -More- 

EPA waives summer sales restrictions on E15 gasoline

The Environmental Protection Agency has issued an emergency waiver to authorize the sale of E15 gasoline, or gasoline with 15 -More- 

New drilling banned on N.M. land deemed sacred

Interior Secretary Deb Haaland has designated over 4,000 acres of federal land near the Placitas area in Sandoval County, N.M -More- 

News24 Business | Financial watchdog licenses 75 crypto asset service providers

The Financial Sector Conduct Authority has received 374 crypto asset service providers licence applications to date, of which 75 have been approved.

Express files for Chapter 11 bankruptcy protection, announces store closures, possible sale

Express Inc. has filed for Chapter 11 bankruptcy protection, as the fashion retailer looks to sell the majority of its stores. Columbus, Ohio-based Express, which is also the parent of Bonbons and Upwest brands, is shuttering a handful of its operations in the process. In an announcement ...

Germany accuses couple of spying for China

A husband and wife team allegedly conspired to smuggle sensitive military technology out of Europe on Beijing’s orders

News24 Business | Nick Hedley | To tackle SA's looming water crisis, start with its toilets

Just as it seems a resolution to the country's electricity crunch may be on the horizon, South Africa is staring down the barrel of a crippling water crisis - and again, negligent politicians are to blame, says Nick Hedley.

A TikTok ban in the United States took a step closer to becoming a reality

The House overwhelmingly approved a bill Saturday that could lead to the company being banned in the U.S., and it's on a fast track to President Biden's desk.

Asda profits up to £1.1bn in 2023

Profits at the UK's third-biggest supermarket chain grew 24% in 2023, topping more than £1bn in a year where households struggled with the cost of living.

Markets Sustain Winning Streak; Sensex Jumps Over 560 Points, Nifty Tops 22,300-Level

Extending its previous day's rebound, the 30-share BSE Sensex climbed 560.29 points or 0.77 per cent to settle at 73,648.62. During the day, it advanced 679.47 points or 0.92 per cent to 73,767.80.

Fresh train strikes to disrupt commuters in May as drivers walk out again

Train drivers at 16 rail companies will launch another series of one-day strikes in May, it has been announced.

Conservation, industry get equal status on public lands

Under a rule newly adopted by the Bureau of Land Management, conservation would have equal standing with various extractive i -More- 

Kimberly Palmer: How to escape from a money rut

Getting out of a money rut, whether it relates to overspending or struggling to pay off debt, can be challenging. But money experts say it’s possible, especially if you start with a mindset shift. Repeating empowering affirmations and forgiving yourself for money mistakes can be helpful. ...

Mobico finance chief to exit after delays to results

National Express owner says Helen Cowing will replace James Stamp as it publishes 36% drop in annual profits

TikTok gears up for legal fight in US to prevent ban

Company will ‘move to the courts’ after Congress pushes ahead with bill demanding Chinese parent sells viral app

Prepayment meter payout numbers 'unacceptable'

Just 1,500 out of 150,000 people have received redress after the force-fitting of prepayment meters.

Toyota Fortuner Leader Edition Launched in India: Details

The Toyota Fortuner Leader Edition is powered by a 2.8-litre diesel engine and generates 201 horsepower.

Tom Hayes: Leaked documents cast doubt on Libor appeal decision

After a court dismissed ex-bankers Tom Hayes and Carlo Palombo appeals last month, a new leaked document on the definition of Libor cast doubts on the ruling

Grindr faces lawsuit over alleged data breach involving users’ HIV status

Gay dating app Grindr faces a lawsuit over an alleged major data breach, which involved users’ HIV status.

News24 Business | Transnet tender to fraud-accused firm slapped down by court, awarded to another

Transnet awarded a tender for critical port equipment to firm on trial for defrauding provincial government. In an unusual move, the court decided the decision to award the tender should not be left to Transnet.

Mehek, Sadler’s Wells: A fusion of Kathak with contemporary dance

Mehek at Sadler's Wells is a fantastic dance duet about a taboo subject: the love between a mature woman and a younger man.

Report urges fixes to online child exploitation CyberTipline before AI makes it worse

A tipline set up 26 years ago to combat online child exploitation is “enormously valuable” but hasn't lived up to its potential. That’s what a new report from the Stanford Internet Observatory released on Monday has found. The report says CyberTipline needs technological and other ...

EIA: Upcoming LNG projects to boost US gas trade

The anticipated startup of three liquefied natural gas export projects by the end of 2025 is expected to drive significant gr -More- 

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

TikTok star MiriTheSiren inks Shake Shack partnership; Columbia University to hold classes virtually amid protests.

News24 Business | OPINION | Earth Day: Informal waste pickers lead fight against Africa's plastic pollution

In South Africa, informal waste pickers have plugged a hole in the waste management system by collecting reusable and recyclable materials from residential and commercial garbage bins, writes The African Climate Reality Project.

RIL Q4 results: Reliance Industries reports PAT of Rs 18,951 crore

RIL Q4 results: The revenue for Q4 of FY24 came in at Rs 2.36 lakh crore.

What is going on with London house prices? It’s messy, but green shoots are appearing

After a challenging few years green shoots appear to be emerging in London’s property market. 

City Hall 2024: Susan Hall unveils manifesto with pledge to stop ‘war on motorists’

Susan Hall has unveiled her manifesto for the London mayoral election with a pledge to “stop the war on motorists”.

Coach and Stuart Weitzman owner plunges into the red as ‘price sensitive’ Kate Spade customers slow sales

The UK arm of American luxury fashion brands Coach, Kate Spade and Stuart Weitzman plunged into the red after losing more than £60m during its latest financial year, it has been revealed.

FTSE 100 hits new record high helped by five-month low for pound

The FTSE 100 has ended a long wait to achieve a new record high.

Hong Kong Bans Sale Of Indian Brands MDH And Everest Spices

The Singapore Food Agency (SFA) had previously recalled India’s ‘Everest fish curry masala’ because of the presence of ethylene oxide. 

2024 International Trade & Customs Conference, April 29-May 1, Washington, D.C.

With ongoing changes both domestically and internationally, the petroleum industry and its affiliates face new challenges and -More- 

PM Srettha pitches to host Formula One race to bolster tourism

Thailand is staking claim to host a Formula One race, with Prime Minister Srettha Thavisin pitching Bangkok as a circuit for a street race that will help burnish the nation’s status as a major tourism hub.

How Can Elon Musk Reassure Tesla Investors?

The electric vehicle maker has announced price cuts and a Cybertruck recall ahead of Tuesday’s pivotal earnings report.

AirAsia among bidders for Sri Lanka's national carrier

COLOMBO: AirAsia is among six bidders for Sri Lanka's state-run carrier SriLankan Airlines as the island nation looks to reduce losses incurred by government-owned enterprises under a $2.9 billion International Monetary Fund (IMF) programme.

EU approves new antibiotic to tackle rise of superbugs

Pfizer’s Emblaveo to be aimed at some of the most dangerous drug-resistant bacteria

Reliance Jio Q4 results: RJio reports 13.2% rise in profit to Rs 5,337 crore

Reliance Jio Q4 results: Jio's revenue from operations grew by approximately 11% to 259.59 billion rupees during the quarter, while its total expenses increased at a slightly slower rate of 10.2%.

Regulator: Working with big tech including Google, Microsoft, Amazon, Apple and Meta is top priority

If the FCA deems technology companies' data useful for finance, it will "incentivise" sharing through Open Banking.

Supreme Court will take up the legal fight over ghost guns, firearms without serial numbers

The Supreme Court has agreed to take up a Biden administration appeal over the regulation of difficult-to-trace ghost guns that was struck down by lower courts. The justices acted Monday. The justices had previously intervened to keep the regulation in effect during the legal fight. Ghost guns ...

Parliamentary researcher and academic charged following China ‘spying’ investigation

Two men have been charged with spying for China after an investigation by counter-terrorism police.

Oncologists' meetings with drug reps don't help cancer patients live longer

Drug company reps commonly visit doctors to talk about new medications. A team of economists wanted to know if that helps patients live longer. They found that for cancer patients, the answer is no.

Asda growth dips and Thames Water invests

On today's episode of the Ian King Business Podcast, Asda's chief financial officer Michael Gleeson responds to a 2.2% like-for-like sales growth - a slow-down of the 2.8% reported in the previous quarter.

Seraphim Space investment trust manager sells assets to itself to unlock value

Seraphim Space investment trust has sold its stake in all nine of its early stage companies to a new venture capital fund managed by Seraphim.

Selfridges circled by Chinese and Middle Eastern investors

Selfridges is being circled by Chinese and Middle Eastern investors as the financial struggles of its Austrian co-owner Signa Holdings trigger a bidding war. 

Competition regulator wins ‘important’ legal challenge over search warrants

The competition watchdog has won a legal challenge against the Competition Appeal Tribunal over domestic search warrants for an alleged cartel investigation

Growth in services exports not enough to prevent widening UK trade deficit

The worsening aggregate picture comes from a widening trade deficit with the EU.

Stockland and Ampol rev up superfast EV charging stations

Property landlord Stockland has joined forces with fuel supplier Ampol to roll out AmpCharge fast and ultra-fast electric vehicle charging infrastructure.

Celebrity handbag designer sentenced to 18 months in prison for smuggling crocodile handbags

A leading fashion designer whose accessories were used by celebrities from Britney Spears to the cast of the “Sex and the City” TV series was sentenced Monday to 18 months in prison after pleading guilty in Miami federal court to charges of smuggling crocodile handbags from her native ...

1,000 agencies pledge ‘no oil and gas clients’

The Clean Creatives campaign has reached a major milestone, with more than 1,000 agencies having signed a pledge to reject work with fossil fuel companies, trade associations or front groups.

FIFA Said to Be Close to TV Deal With Apple for New Tournament

The agreement would give the tech company worldwide rights for a monthlong World Cup-style competition between top teams set to take place next year.

Homeowner pain as major banks hike mortgage rates

Lenders respond over views the Bank of England may not cut interest rates as soon as previously thought.

Stocks' decline prompts investors to reconsider direction

Investors are weighing whether to buy the dip in stocks or wait for a further decline after the S&P 500's biggest retreat sin -More- 

Tesla cuts prices in major markets as sales fall

The move comes after the firm reported a sharp fall in deliveries in the first three months of 2024.

Dollar strength surprises markets

A resilient economy and stubborn inflation have boosted the dollar, challenging predictions of a decline this year.  -More- 

Bentsen: Basel III endgame would limit markets

Changes brought by the Basel III endgame proposal would have a significantly negative impact on capital markets, SIFMA Presid -More- 

Basel Committee reportedly held talks on AT1s

The Basel Committee on Banking Supervision reportedly held a string of meetings with bank executives, credit rating agencies  -More- 

Just added at AML 2024! Senior Law Enforcement Panel

We're thrilled to share that a Senior Law Enforcement Panel discussion will cap off our program at the 2024 Anti-Money Launde -More- 

TikTok Faces E.U. Inquiry Over ‘Addictive’ Features

European officials threatened to fine TikTok and force it to remove some features, the latest regulatory challenge for the Chinese-owned social media app.

Financial stability in the last mile

Policymakers should remain vigilant about outstanding risks to the global financial system

Delta Air Lines, facing another union attempt to organize flight attendants, is raising their pay

Delta Air Lines is raising pay for flight attendants and other nonunion workers by 5%. And the airline is boosting starting pay for all its U.S. jobs to at least $19 an hour. Delta CEO Ed Bastian announced the pay raises in a memo Monday to employees. The pay raises come as Delta braces for ...

The EU ratchets up pressure on TikTok's new rewards app over risks to kids, warns of suspension

TikTok Lite is a slimmed-down version of the main TikTok app that lets users earn rewards.

Hedge fund Elliott scoops up Thames Water bonds

US manager known for aggressive approach bets markets are too pessimistic about potential losses on utility’s debt

Arteta and Arsenal seek derby win to go three clear in Premier League

Arsenal manager Mikel Arteta insists his side must focus on the task at hand and continue to win matches to stay in the hunt for a first Premier League title since 2004. The Gunners take on London rivals Chelsea this evening at Emirates Stadium knowing that a win will take them three points ...

Electric cars switch out of fast lane

Also in this newsletter: sharp increase in military spending, Exxon speaks out to defend plastics, flying taxis

 Knife review: Salman Rushdie’s memoir is a reckoning with his reader – and it’s written with resentment

Salman Rushdie's Knife is a reckoning with his reader, and it is written with resentment, writes Anna Moloney.

How to overcome barriers to decarbonization

Industries face several barriers to decarbonization include cost, infrastructure and the speed of green technology, writes An -More- 

FCA under pressure to abandon plans to name firms in UK deterrence drive

Regulator confronts growing concerns within government that move will undermine competitiveness

Which brand’s Earth Day 2024 campaign is your favorite?

How Impossible Foods, Hellmann's and Angry Birds are helping the planet.

Key inflation gauge could give Fed more reason for caution

Projections suggest that the personal consumption expenditures price index -- a measure of inflation closely watched by the F -More- 

Kroger, Albertsons — still hoping to merge — agree to sell more stores to satisfy regulators

Is AI the answer for CFOs or the creator of new problems?

CFOs are facing a significant shift and expansion of duties, and AI may be a potential solution to ease several burdens in th -More- 

Monday evening news briefing: Rwanda Bill returns to Parliament for final showdown

On Earth Day, cautious optimism

With electric cars going mainstream, the cost of wind power down and the Biden administration giving out $7 billion in grants -More- 

When is the US election? Everything you need to know about the 2024 race

Stagwell opens European HQ in London

Nasdaq-listed holding company Stagwell, which has a network of more than 70 agencies including PR firms such as Allison, Hunter and KWT Global, has opened a new office in London.

Survey: Inflation, high rates are top financial risks

Inflationary pressures and higher-than-expected interest rates were the top risks to financial stability in a recent Federal  -More- 

AI boom can even work on your taxes

Tax preparer Intuit’s market valuation bigger than Goldman Sachs after becoming unexpected beneficiary of AI enthusiasm

Tennessee's GOP governor says Volkswagen plant workers made a mistake in union vote

Tennessee Republican Gov. Bill Lee says he thinks workers at a Volkswagen plant in Chattanooga made a mistake by voting to unionize under the United Auto Workers in a landslide election. Before the vote, Lee and five other Southern Republican governors spoke out publicly against the campaign, ...

Lawsuit alleges negligence in hiring of maintenance man accused of torturing resident

A lawsuit has been filed accusing a property owner and management company of negligent hiring practices after a maintenance worker for a Baltimore apartment building allegedly raped and tortured one of the residents. Plaintiff April Hurley said Monday she believes the man never should have been ...

Forever games: the economics of the live service model

People used to pay one standard price for their favorite games in a one-off transaction. But now, many game companies are offering their games for free, supported by in-game purchases. This is called the live service model. Today, the first episode of a week-long series about the video game ...

Venture capital investment in solar projects nosedives

Venture capitalists invested a total of $406 million in solar projects in the first quarter, a precipitous drop from the $2.1 -More- 

When conflict arises don't get furious, get curious

Getting curious, instead of furious, when conflict arises in your team, asking those causing disruption how they came to thei -More- 

Formula E emissions rise but racing league leading on global metrics

The emissions produced by racing series Formula E are expected to rise this season for a third consecutive year but figures remain below carbon neutrality targets, a new report has shown. The all-electric racing series, this year in its 10th season, has seen overall emissions rise for the ...

Manchester’s new arena delays opening night amid safety concerns

US-backed Co-op Live takes ‘difficult decision’ to reschedule comedian’s shows

Fed's Bowman backs reproposal of Basel capital rules

Federal Reserve Governor Michelle Bowman said at SIFMA's Basel III Endgame Roundtable that she supports a reproposal of the B -More- 

Asset managers hold more than 2x the assets of US banks

Traditional and alternative asset managers, including Blackstone, BlackRock and Franklin Templeton, control over double the a -More- 

First-time buyers face toughest test for 70 years

First-time buyers depend on two high incomes or parental support, the Building Societies Association says.

AI-Generated Child Sexual Abuse Material May Overwhelm Tip Line

A report by Stanford researchers cautions that the National Center for Missing and Exploited Children doesn’t have the resources to help fight the new epidemic.

Saudi Aramco chief defends China’s role in green transition amid closer ties

Amin Nasser praises Beijing’s efforts to make solar panels and electric vehicles cheaper

Clothing store Express, a mall favorite, has filed for bankruptcy

Express, which dressed generations of mall shoppers in slacks and blouses, now owns Bonobos and UpWest. It's closing dozens of stores but also plans to get sold to a consortium to survive.

Porter Novelli hires Sakima Johnson as chief people officer

Johnson joins the agency in New York as a member of CEO Jillian Janaczek’s global operating committee.

Dallaglio charity in gruelling 1,500km cycle from Rome to Nice

A gruelling cycling challenge spearheaded by Rugby World Cup winner Lawrence Dallaglio is into its second stage as a peloton cycle from Rome to Nice in aid of charity. The 1,500km challenge aims to raise £100,000 for RugbyWorks, a charity founded by the England international. Dallaglio said: ...

Tesla lays off marketing team

Affected employees sat on Tesla’s growth content team and within its design studio.

High rates pain could hit leveraged loans next

The leveraged loan market has so far withstood the pain other asset classes have felt as a result of the Federal Reserve's hi -More- 

Annual reports tread carefully with DEI wording

Kohl's, GameStop and UiPath are just three of the many companies that adjusted or eliminated diversity, equity and inclusion  -More- 

Slumping EV sales should not ring alarm bells in Europe — yet

European carmakers should use this market slowdown to play catch-up with Chinese rivals

How US shale keeps sheltering America from the next oil price surge

Middle East turmoil no longer poses such a threat to the world’s thirstiest petrol consumers

Texas pushes ahead with range of geothermal projects

Texas is emerging as a national leader in geothermal, and has become a popular stomping ground for startups like Bedrock Ener -More- 

Without cameras to go live, the Trump trial is proving the potency of live blogs as news tools

With cameras not allowed at former President Donald Trump's hush money trial in New York, live news blogs are coming into their own as an important news tool. During opening statements on Monday, CNN used a third of its screen for printed dispatches from its reporters in the courtroom. Live ...

After Chick-fil-A snub, Shake Shack quickly teams with TikTok star MiriTheSiren

The chain swept in after Miri’s employer, Chick-fil-A, told her she couldn’t post more food-review videos.

ASX set to rise as Wall Street gains in busy earnings week; gold declines

The Australian sharemarket is set to open stronger this morning after US stocks rebounded from last week’s selloff as worries over a wider Middle East conflict eased.

Expert urges global action to tackle plastic pollution

Scientists have discovered that harmful microplastics are making their way into human hearts, stomachs, blood, placentas and  -More- 

FTC Sues to Block $8.5 Billion Tapestry-Capri Merger

The deal between Coach’s owner, Tapestry, and the parent of Michael Kors, Capri Holdings, is intended to create a U.S. luxury group to compete with the European industry giants.

Toyota launches all-new land cruiser 250 series in Japan

Toyota Motor Corp has announced the addition of the "250" series to the Land Cruiser lineup in Japan. Alongside this, it has also released the special edition models…

Slide Over, Auntie: Young Chinese Find Tasty Meals in Senior Canteens

The community canteens, offering huge plates for a dollar or two, have become popular among penny-pinching young professionals.

Bank profits underwhelm in Q1

Commercial banks booked marginal profit growth in the first quarter of this year, largely influenced by the decreased profitability of small to mid-sized banks thanks to higher provision for loan loss reserves.

Baltimore leaders accuse ship's owner and manager of negligence in Key Bridge collapse

Baltimore's mayor and city council are calling for the owner and manager of the cargo ship that took down the Francis Scott Key Bridge to be held fully liable for the deadly collapse. Attorneys for the city argued in court papers filed Monday that the companies should have realized the Dali was ...

Premier urged to tackle overtourism

With opposition to overtourism arising in many countries, Thai tourism operators are urging the government to seriously consider the nation's carrying capacity, while some have suggested collecting a 300-baht tourism tax in a bid to solve the problem.

Honda to build major EV plant in Canada

Japanese auto giant Honda will open an electric vehicle plant in eastern Canada, a Canadian government source familiar with the multibillion-dollar project told AFP on Monday. The federal…

Tennessee Volkswagen workers defy decades of union failures by voted to join the UAW

Tennessee Volkswagen workers voted yes to join the UAW union. It was a historic moment could be the turning point for more unionization in the South.

David Beckham sues Mark Wahlberg over $16m loss in Aussie gym brand

David Beckham is suing his former Beverly Hills neighbour and friend Mark Wahlberg over an alleged loss of more than $US10 million in the embattled Aussie fitness franchise F45.

Who’s getting rich from CVC’s IPO?

Plus, big consulting firms look to pare down their ranks and Blackstone makes a bid for Hipgnosis

Crown Resorts wins NSW licence in blow to struggling Star Sydney

Chief Commissioner of the NSW Independent Casino Commission, Philip Crawford, said Crown has come a long way and must now demonstrate its long-term commitment to maintaining suitability.

NI postmasters to have names cleared under new law

The bill will quash convictions brought about by the scandal, with those affected offered £600k.

Thousands of Instagram users see outages as Meta reports 'major disruptions'

Instagram users found issues with uploads and messaging on Wednesday.

How prices have risen in response to Calif. wage law

Some brands have already implemented price increases to deal with the California law that recently raised the minimum wage fo -More- 

Thames Water crisis prompts jitters over ‘gold standard’ debt model

Investors grow nervous over financing technique likely to be used by government for future projects

Vodafone’s India unit staves off collapse after record $2.2bn fundraising

Country’s largest share sale draws investors including GQG Partners and Fidelity

How the secret of sleep keeps us awake

Businesses can keep exploiting our tiredness while scientists seek to explain the mechanics of it

Lou Malnati's aims to honor 10 teachers with a year of free pizza

Work alongside studies: Germany targets Indian students to address labor shortages

The existential threat to Bitcoin

Last week’s halving of the supply of new bitcoins and the consequential halving of revenue to the cryptocurrency’s miners raises big questions for its future.

How major US stock indexes fared Monday, 4/22/2024

U.S. stocks have clawed back some of their losses from last week. The S&P 500 rose 0.9% Monday to recover more than a quarter of last week’s rout. The Dow Jones Industrial Average added 0.7%, and the Nasdaq composite jumped 1.1%. Technology stocks led the way as yields stabilized in the bond ...

In Vietnam, farmers reduce methane emissions by changing how they grow rice

Vietnam aims to transform its rice sector, making it more resilient to climate change while also reducing its emissions of methane, a greenhouse gas far more potent than carbon dioxide. Rice is to blame for around 8% of global methane emissions. The government aims to plant “low emission” ...

Tesla notches seventh straight loss ahead of Tuesday earnings release

TikTok ban expected to become law, but it's not so simple. What's next?

The Senate is poised to pass the bill the House advanced over the weekend. President Biden is set to sign it. From there, TikTok says the battle will move to the courts.

Has Nike lost its footing?

Amid stagnant sales, Nike CEO John Donahoe admits the company has lost the innovative edge that once defined its brand and pr -More- 

April is for events… and showers

April is shaping up to be a monumental month for the world of Web3 as enthusiasts and industry leaders converge at various events around the globe to explore the latest developments in blockchain, crypto, and non-fungible tokens (NFTs).

Bank of Thailand to adjust rates amid changes: deputy chief

WASHINGTON/BANGKOK: The Bank of Thailand (BoT), under pressure from the government to cut interest rates, could adjust monetary policy if the outlook for the economy changes and structural challenges clearly reduce its long-term potential growth, BoT deputy governor Alisara Mahasandana said.

All eyes on first-quarter earnings

We are entering the seventh month in which the Thai stock market is in limbo and stuck in sideways mode. Sentiment for global risk assets in general continues to be influenced by external macro factors such as:

US sues to block Coach and Michael Kors merger

The US competition watchdog has taken legal action to stop Tapestry's $8.5bn takeover of rival Capri.

Is the boom in private credit losing steam?

Leading players look to partner with banks rather than be their adversaries

Survey: HR expects AI will make recruitment faster

A global Indeed survey found 68% of HR decision-makers expect AI to make the recruitment process faster, although 49% believe -More- 

War worries put pressure on baht

The baht could weaken to around 37.20 baht to the US dollar later this week from its six-month low of 36.9 baht on Monday due to continuing concerns over the conflict in the Middle East, while US economic figures due this week are likely to support dollar strength, says Kasikorn Research Centre ...

UK creatives warn ‘superpower’ status at risk without investment

Artists and executives call on next government to focus on ‘reinvigorating our international reputation’

Mediterranean ports warn of overflowing storage yards in latest threat to supply chain

Operators say ports severely congested because of Red Sea disruptions

How I built a business that helps you earn money from your online data

Have you ever thought about using your online data to buy a sausage roll from Greggs?

Dear next government, this is what the real estate sector needs to solve the housing crisis

Short-term fixes won't get us out of the housing crisis, Daniel Austin writes a letter to the government to explain what will.

The IMF says the UK is primed to benefit from AI – the next government must not waste this opportunity

The UK economy is uniquely positioned to benefit from the roll out of artificial intelligence. Politicians on all sides should be championing policies that help secure these benefits as soon as possible, Chris Dorrell writes

Hunt borrows billions more than forecast despite raid on taxpayers

Jeremy Hunt has missed his annual borrowing target in a blow to the Chancellor’s efforts to get the deficit down. ]]>

Whoever wins the election, the London Mayor needs real power

The two main candidates for the 2024 London mayoral election, Sadiq Khan and Susan Hall, have largely run campaigns centred around not being the other one. For both, this is probably sensible electioneering, but it doesn’t exactly inspire.

UK government borrowing higher than forecast

An unexpected rise in public borrowing could limit the scope of pre-election tax cuts, say analysts.

Chocolate and discount-loving Brits drive food inflation down for 14th straight month

Grocery price inflation fell to 3.2 per cent over the four weeks to 14 April, marking the fourteenth monthly drop in a row, new figures by Kantar show. 

Microsoft Makes a New Push Into Smaller A.I. Systems

The company that has invested billions in generative A.I. pioneers like OpenAI says giant systems aren’t necessarily what everyone needs.

Ferrexpo hit by conscriptions into Ukraine army but production spikes

Ferrexpo has said its workforce remains gutted by Ukrainian conscription.

Mahindra XUV 3XO Teased Again; Check What's Been Revealed This Time

The Mahindra XUV 3XO will feature a first-in-segment dual-pane electric sunroof and remote dual-zone climate control.

Reliance Industries Q4 results: Brokerages up RIL share price targets; should you invest?

Reliance Industries reported quarterly earnings, leading to raised target prices by brokerages. Positive outlook driven by various factors like capex moderation and telecom tariff hike. Analysts optimistic about RIL's growth potential despite concerns on debt and capex.

JD Sports picks up US retailer as stateside focus increases

JD Sports has proposed to buy US-based sportswear retailer Hibbett for around $1.08bn (£880m), creating a business worth £4.7bn in North America. 

Explainer: Wherefore art thou, English nationalism?

And the surprising history of St George's Day, by Lucy Kenningham

Man Behind Kajaria Ceramics: From Leaving Engineering Degree In US To Building Rs 20,000 Crore Empire In India

He took a crucial step by leaving his mechanical engineering degree and returning to India to join his family's cast trading business. 

RWS: Language tech firm bets on AI to boost growth as it forecasts drop in profit

Language services group RWS Holdings is expecting a fall in profit as it bets on its artificial intelligence offerings to provide much-needed growth.

De Beers’ diamond output drops after slow recovery triggers production cut

Anglo American unit’s output down 23% as luxury pullback and emergence of lab-grown gems take toll

Stock market today: Asian stocks track Wall Street gains ahead of earnings reports

Asian benchmarks are mostly higher after U.S. stocks clawed back some of their losses from last week. The yen weakened further to fresh 34-year lows. U.S. futures were mixed and oil prices rose. On Monday, the S&P 500 rose 0.9% to recover more than a quarter of last week's rout. The Dow Jones ...

Business Legal Leaders

We examine how senior in-house lawyers are adapting to new business needs in a monthly series. This time: ethical dilemmas

FirstFT: Traders price in growing chance of Fed interest rate rise

Also in today’s newsletter, Ukraine aid and UK housing crisis

TikTok fortune of billionaire Republican donor Jeff Yass threatened by Washington

Investor’s Susquehanna International Group owns estimated $40bn stake in parent company ByteDance as app faces potential ban

Supermarket price war leads to fall in grocery inflation

Promotional offers by supermarkets were a major factor behind a further easing of grocery inflation over the past month, according to industry data.

Goldman Sachs flies top London banker to Paris in latest post-Brexit relocation

Goldman Sachs has relocated one of its top European investment bankers from London to Paris as part of a shake-up in the group's regional structure following Brexit.

Problems reported with some services in V Point program after Monday launch

The new V Point reward program had issues with some of its services on Monday, the day of its launch. Sumitomo Mitsui Card Co said it had fixed…

Ola Mobility Launches Taxi Services At Ayodhya Airport

Ola Mobility has deployed a specialized team of executives available 24x7 to manage operations at the Ayodhya airport effectively. 

News24 Business | Zimbabwe’s ZiG wipes out 330% stocks rally

Zimbabwe’s new currency has wiped out a more than 330% gain on the stock market this year, leaving investors dealing with the fallout.

Amitabh Bachchan buys land parcel in Alibaug to build luxury villa in beach town

Bollywood actor Amitabh Bachchan has acquired a land parcel in Alibaug near Mumbai to build a luxury villa in the beach town known for sea view properties of rich and famous personalities. The Bachchan family owns several properties in Mumbai's plush localities.

Sovereign Gold Bond 2017-18 Series IV, 2018-19 Series II Maturing Today, April 23: Final Redemption Price And Other Key Details

The redemption price of SGB shall be based on the simple average of closing gold price of 999 purity of previous three business days from the date of redemption as published by the India Bullion and Jewellers Association Ltd (IBJA), RBI said. 

Sport events to buoy Samsung TV sales

South Korean corporation Samsung is banking on big sporting events to boost TV sales in Thailand amid the high level of household debt and an intense price war.

News24 Business | New Namibia find may hold 10 billion barrels of oil, report finds

Galp Energia's shares jumped after the Portuguese oil company said a well test “potentially” indicates Mopane could be an important commercial find in Namibia.

CCI Invites Proposal For Launching Market Study On Artificial Intelligence And Competition In India

The proposed study will be a knowledge building exercise to develop an in-depth understanding of the emerging competition dynamics in the development ecosystems of AI systems and implications of AI applications for competition, efficiency and innovation in key user industries.

This may hurt: English High Court set for Moderna and Pfizer/BioNTech Covid battle starting today

The English part of a global dispute billion dollar legal case involving big pharma giants Modern, Pfizer and BioNTech over Covid patents, kicks off today.

JD Sports to deepen US reach with $1bn bid for Hibbett

Aggressive acquisitions have pushed sportswear chain into more than 30 countries

How much is too much? The CEO pay predicament

A growing number of London-listed companies have been asking shareholders to approve radical pay rises for their top execs. Why?

Baltimore Says Owner of Ship that Hit Key Bridge Was Negligent

The owner and manager of the cargo ship that downed the Francis Scott Key Bridge asked a judge to exonerate them from liability. The city argued otherwise.

‘Thousands’ of Hungry Jack’s staff personal data exposed in internal leak

The burger chain admits that 198 employees received an email attachment containing the personal data of possibly thousands of staff.

Financially crippled Star gets salt rubbed into its wounds

The NSW casino regulator has given Barangaroo’s Crown Sydney a gold star just as the second public inquiry into Star Entertainment’s culture enters the pointy end of proceedings.

Musk vows to fight Australian injunction to hide church attack videos on X

Billionaire accuses Canberra of censorship over calls to remove footage of Sydney stabbing incident

If our politicians can’t fix Hammersmith Bridge how will they ever fix the country?

Hammersmith Bridge has been closed for five years as politicians have repeatedly passed the buck. It’s just one example of how the British state repeatedly fails to take big decisions and see them through, says Adam Hawksbee How many politicians does it take to rebuild a bridge? ...

IEA bullish on electric vehicle sales in 2024

Energy watchdog’s forecast runs counter to sentiment among many carmakers struggling to sell battery-run vehicles

Regulatory burden on business up by £6bn a year under Conservatives

The regulatory burden placed on businesses has risen by £6bn a year under the Conservative government, a new report has found.

BYD Seal Cons: From Ground Clearance to Cabin Heat, Uncovering Its Limitations

While the BYD Seal boasts several strengths, it's important to consider its limitations as well. Let's delve into some potential drawbacks.

Taylor Wimpey’s order book shrinks amid ‘value over volume’ approach

Housebuilder Taylor Wimpey has reported a smaller order book and fewer sales so far this year amid "market uncertainty and affordability challenges" as it looks to growth in 2025.

Jupiter outflows surge after star fund managers leave for new ventures

Jupiter Fund Management saw significant outflows in the first quarter, thanks to the loss of Chrysalis investment trust and the unpopularity of the firm's value strategies.

THG: Growth continues after strong performance from beauty division

THG, the owners of Cult Beauty and Myprotein, recorded strong revenue growth in the first quarter of 2024

Galp will set off Big Oil dealmaking with its Namibian find

Shell, Total and Chevron are all drilling, or planning to drill, in the Orange oil basin

Consumer group demands Virgin Media to improve customer service

Consumer group Which? has found that Virgin Media was the worst offending telecoms company in terms of customer service.

Primark owner ABF raises dividend as markets ‘return to normality’

Primark owner Associated British Food (ABF) has raised its dividend following a strong set of results in the 24 weeks to 2 March. 

Government borrowing ahead of expectations in blow for hopes of tax cuts

Jeremy Hunt has said the Conservatives will cut taxes again in the autumn "if we can", with some reports suggesting he's considering another 2p cut to National Insurance.

Trevor Steven: Unhurried Cole Palmer is a unique talent and Chelsea’s saviour

Few outside of Man City how good he was but the rest of football has begun to understand.

Srettha nudges big banks to cut loan rates

Prime Minister Srettha Thavisin has urged the country’s four biggest commercial banks to reduce loan interest rates for vulnerable groups and small businesses after the Bank of Thailand repeatedly ignored his calls to lower borrowing cost from a decade-high.

Shell and Total Energies reportedly mull stake in Middle East LNG super-project

UK oil and gas supermajor Shell is reportedly considering buying a stake in the Abu Dhabi National Oil Company's (ADNOC) liquefied natural gas (LNG) export project in the United Arab Emirates (UAE).

Inheritance tax hits new record of £7.5bn as debate over reform swirls

Like many other taxes, the government has frozen the thresholds at which inheritance tax applies, meaning more estates have been pulled into its orbit as asset prices have increased.

Ardian agrees to sell Audiotonix stake to PAI in near £2bn deal

Transaction for UK music equipment maker is the latest example of buyout activity picking up

Power demand hits record amid heat wave

Electricity demand surged to a new high of 35,830 megawatts at 8.58pm on Monday when temperatures nationwide averaged 35-38C, with a peak temperature of 42C recorded the same day, say energy officials.

Zerodha’s Nikhil Kamath buys big part of Sachin Bansal’s holding in Ather Energy; says ‘among the largest bets’

Ather Energy is in discussions to raise a significant round of funding through primary and secondary share sales. Flipkart cofounder Sachin Bansal has divested shares to Zerodha cofounder Nikhil Kamath.

Strong services sector helps UK economy continue to ‘gain momentum’, but inflationary fears mount

Although the manufacturing sector recorded a marginal decline in activity in April, output from the services sector climbed for the sixth consecutive month.

After 26,000 public comments, FTC to vote on rule banning noncompete agreements

The Federal Trade Commission will vote Tuesday on whether to issue a final rule banning noncompete agreements. The Biden administration has argued that noncompetes harm workers and stifle competition.

Natwest shareholders approve proposal to buy back 15 per cent of shares from government

Natwest shareholders have approved the bank's proposal to buy more of its stock from the government to accelerate its privatisation, potentially leaving the Treasury with fewer shares to offer retail investors.

News24 Business | OPINION | Going off the grid: Tips, myths, and key questions answered

Forced by energy insecurity, and in pursuit of a sustainable future, is it possible to go completely off the grid? Jan van Ravenswaay shares what you need to know.

German staffer in EU parliament arrested on China spying charges

Employee working for German far-right party’s lead candidate accused of passing sensitive information to Beijing

Revolut plans advertising partnerships as it seeks new revenue streams

Revolut is planning to monetise customer data through advertising partnerships as the firm looks to diversify revenue streams on its path to more sustainable profitability.

From An LIC Agent To Billionaire Industrialist, Read The Inspiring Journey Of Lachhman Das Mittal

He began his career as an ordinary life insurance agent with LIC. 

Wall Street is looking to Tesla's earnings for clues to Musk's plan to restore company's wild growth

Faced with falling global sales and a tumbling stock price, Tesla has slashed prices again on some of its electric vehicles and its “Full Self Driving” system. It's an apparent effort to boost the company's earnings growth. But Wall Street was unimpressed and will be looking for other ...

General Motors reports strong first-quarter profits as prices help offset small US sales dip

Despite a small dip in U.S. vehicle sales, General Motors’ first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles. The Detroit automaker said that while its average sales price per vehicle was down slightly from last year at just ...

Pepsi beats Q1 revenue forecasts as price increases moderate

PepsiCo reported better-than-expected revenue in the first quarter on strong international demand for its snacks and beverages. The Purchase, New York-based company said revenue rose 2% to $18.3 billion for the January-April period. That was higher than Wall Street forecast. In North America ...

Home on controversial lot next to Obamas' Kenwood home nearing completion

Nifty Smallcap Index Registers Fresh All-Time High

India's economic activity continued to expand in April, driven by strength in both the services and manufacturing sectors. 

Google fires more workers who protested its deal with Israel

It's the latest sign of internal turmoil at the tech giant centered on 'Project Nimbus.'

ICICI Bank, Axis Bank, and Yes Bank revise savings account charges: Check latest service fees, other changes

Recent changes in savings account charges by major Indian banks, including ICICI Bank, Axis Bank, and Yes Bank, impact various services like cheque books, debit cards, and cash transactions. Effective from April 1 and May 1, 2024.

Google Layoffs: Company Fires Over 20 More Employees For Protesting Against Nimbus Contract

The protest arose in response to Google's 1.2 billion dollars cloud computing project with the Israeli government which is known as Project Nimbus.

Gone With The Wind: Telangana Bridge, Under Construction For 8 Years, Collapses Due To Strong Wind

The bridge was being constructed to enhance connectivity from Odedu village to Garmillapalli village in Jayashankar Bhupalpally district in Telangana.  

G.M. Reports Big Jump in Profit on Gasoline Car Sales

General Motors has struggled with electric vehicles and in foreign markets but it is selling lots of combustion engine cars and trucks in North America.

Diamond glut sees London-listed miner Anglo American cut gem production

London-listed miner Anglo American said it decreased diamond production through the first quarter by almost one quarter.

China bubble tea chain plunges in Hong Kong debut

Chabaidao's market debut was the Asian financial hub's largest initial public offering so far this year.

Pendragon owner to cut hundreds of jobs in used car overhaul

New owner of UK dealerships will close second hand marketplace following pandemic-era slump in supply

Top British court orders Gazprom unit to drop £387m Russian claim against Italian bank UniCredit

The UK's highest court has upheld a decision that England has the right to block a Gazprom unit's Russian lawsuit against Italian bank UniCredit

Exclusive: Cathie Wood on Tesla and Elon Musk: ‘We don’t listen to what he says’

Cathie Wood, CEO of infamous American tech investment firm ARK, is still bullish on Tesla and Elon Musk, despite the poor performance of its stock price in recent months.

Alfa Romeo Formula One team supplier AB Dynamics hikes profit guidance as boss says more acquisitions to come

Formula one testing firm AB Dynamics has hiked its profit guidance for the year ahead amid strong demand across all its regions.

Primark, borrowing and FTSE highs

Associated British Foods, the parent company of Primark, says pre-tax half-year profits jumped by 37% in the six months to March.

News24 Business | Sasol suffers shock slump as it warns of 'operational instability'

Sasol shares fell the most in more than a year after the synthetic fuel and chemical maker reported issues throughout its South African operations.

London’s top museum restaurants and gallery restaurants

London has seen a boom in gallery restaurants and museum restaurants that are destinations in their own right – here are 7 of them.

Eurozone business activity rises to 11-month high

Data expected to reassure ECB officials that eurozone still on track for ‘soft landing’

Bank of England officials say rate cuts are ‘closer’ but jobs market remains ‘very tight’

Last week figures showed that inflation fell to 3.2 per cent in March, a two-and-a-half year low. However, this was still slightly above what economists had expected.

Australia PM calls Elon Musk an 'arrogant billionaire'

Anthony Albanese's comments come amid a feud over X's reluctance to remove footage of a stabbing.

Why Jeremy Hunt’s hopes of another round of tax cuts look remote

Although these figures do not directly feed into Hunt's fiscal headroom at the next fiscal event, it is a sign of just how little wiggle room the Chancellor will have to cut taxes.

RBI Sees India's GDP Growth Trend Surging Past 7%

It also points out that the global growth momentum has been sustained in the first quarter of 2024 and the outlook for global trade is turning positive.

Novel Audio: Podcast maker backed by investor in Fortnite’s Epic Games names new chief after £15m claim settled

Podcast maker Novel Audio has named a new chief executive after its former boss and co-founder settled a £15m claim with its main shareholder.

Delaware, Inc agonises about Musk backlash as its lawyers seek changes

About two-thirds of US companies are incorporated in the small, mid-Atlantic state

Sberbank to pay $8bn in dividends after record profit

Half of it is going to Russian state’s coffers to help fund war on Ukraine

VA fixes a home loan debacle, but many vets who were affected won't get help

The Department of Veterans Affairs has rolled out its fix for a home loan debacle, but it won't help many vets who were hurt financially.

JPMorgan AM surges to dominance in Europe active ETF market

Market share of 44% in fast-growing part of industry far exceeds Pimco’s 15% and Fidelity’s 11%

How Safe Is Kia Carens? Know What Global NCAP Cash Test Reveals

Kia's compact MPV Carens has recently undergone the Global NCAP crash test 

What the Starbucks case at the Supreme Court is all about. Hint: It's not coffee

Starbucks and some of its baristas have been in a contentious fight over unionizing since 2021. Now, the Supreme Court is hearing a case that could have implications for unions far beyond Starbucks.

Talks for a plastic pollution treaty are stalling. Could the U.S. be doing more?

Critics say the U.S. has been unwilling to push for measures in a global agreement that would drive big cuts in plastic waste.

Getir investors to fund European exit with new cash injection

Investors in Getir, the grocery delivery app which at one point attained a valuation of almost £10bn, are to inject yet more money into the company to fund its exit from the UK and Europe.

In Silicon Valley, You Can Be Worth Billions and It’s Not Enough

Andreas Bechtolsheim, the first investor in Google, has an estimated $16 billion fortune. He recently settled charges that he engaged in insider trading for a profit of $415,726.

EU expansion: Can the bloc afford new members in the east?

Russia's invasion of Ukraine has pushed enlargement back on top of Europe's agenda. But the countries lining up to join the bloc are poorer than the existing members. Admitting them would strain the bloc's budget.

Markets Climb For 3rd Day On Firm Global Cues Dragged By Selling Pressure In Index Heavyweights

After rallying over 400 points, the 30-share BSE Sensex ended 89.83 points or 0.12 per cent higher at 73,738.45. During the session, it jumped 411.27 points or 0.55 per cent to 74,059.89.

‘Pay Later’ Lenders Have an Issue With Credit Bureaus

Firms like Experian and TransUnion say it is time for “buy now, pay later” loans to appear on consumer credit reports. The lenders aren’t ready to sign on.

Trump Set to Receive $1 Billion Extra Trump Media Shares

The former president is in line for a windfall after the stock price of Trump Media hit performance targets in its first few weeks of trading, raising the value of his already sizable stake.

The Most Sustainable Fish Is the Most Local. Why Is It So Hard to Find?

Seafood caught in nearby waters has long been left out of the farm-to-table movement. But these people have set out to get it into stores and restaurants.

Post Office inquiry to hear from former in-house lawyer

Susan Crichton was part of the Post Office's legal team until 2013, as the Horizon IT scandal developed.

JSW, Amara Raja, Reliance submit bids to make batteries in India

Reliance Industries, JSW Neo Energy, and Amara Raja Advanced Cell Technologies compete for a battery gigafactory in India to boost local production. India aims for 500GW renewable energy by 2030. Amara Raja Energy and Mobility shares surge 15%.

Want to create a will? You can create it online as well - Here’s how

Draft a will online using templates, legal advice, and encryption. Include witnesses, update regularly, and communicate with family. Seek guidance from Centre for Investment Education and Economic Times.

They’re the real Ted Lasso – but there’s more to Hampton and Richmond Borough’s story

Can the Beavers be the test case for an innovative VCFC concept?

St George’s Day 2024: England’s legendary story and how to celebrate

News24 Business | De Beers loses more shine as annual diamond production forecast is cut

De Beers diamond production is declining as the industry continues to grapple with oversupply.

Puregym targets up to 70 new sites this year after revenue boost

PureGym has said it plans to keep expanding with new gyms, targeting between 60-70 new gyms this year across its markets.

Molten Ventures: European VC success ‘lagging’ the US

The chief financial officer of venture capital business Molten Ventures has warned of a "bifurcation" in the success of venture capital between the US and Europe.

Telecom Italia averts Vivendi showdown at AGM

Italian phone carrier to avoid clash over chief reappointment as French conglomerate abstains

Abortion Data Wars: States and Cities Debate How Much Information to Collect

Some states with Republican-controlled legislatures want more data, while some controlled by Democrats want less, fearing it could be used to target patients or providers.

NATs row: Ryanair launches legal fight against Britain’s air traffic control provider

Ryanair has launched a lawsuit against Britain’s NATs over the network-wide failure last August which saw thousands of flights grounded

Silicon maker Alphawave Semi reports lower royalty revenues on ‘accelerated transition away from China’

In the first quarter of 2024, Alphawave said royalties dropped 75 per cent year on year to $9m, reflecting its transition away from China.

Latin American cocoa farmers rush to expand planting as prices spike

Chocolate ingredient hits record levels on lower African yields and soaring demand

Spotify hits record quarterly profit as it enters ‘new phase’

Pioneer of music streaming kicks off more mature era for its business after years of freer spending

Should you click the "I'm interested" button on LinkedIn?

Clicking the "I'm interested" button on a company's LinkedIn profile shows you are aligned with that company's mission or val -More- 

New tax regime vs old tax regime: What is point at which tax outgo is the same in both regimes? Check salary and deduction levels

New income tax regime vs old tax regime: One must remember that the new income tax regime is now the default tax regime and in case you don’t tell your employer your chosen tax regime, your TDS will be deducted as per the new tax regime. The optimal choice between the new income tax regime ...

China investors grow presence in Hong Kong stock trading

Chinese investors increased their portion of Hong Kong stocks traded to a record daily average in April.  -More- 

JPMorgan's Kolanovic: US stock sell-off not over

The US equity sell-off is likely to worsen as macroeconomic risk rises, says Marko Kolanovic, chief market strategist and co- -More- 

Post Office described IT bugs as 'exceptions' to make them sound 'non-emotive'

Senior figures at the Post Office began describing computer bugs as "exceptions" as they grappled with mounting complaints from sub-postmasters about its faulty Horizon IT system, it has emerged.

RAI survey shows retail sales grew 8% in March 2024 as compared to March 2023

Champions Cup final could be bumped from ITV1 to make room for FA Cup

Broadcaster ITV is facing a scheduling conundrum next month with the FA Cup final and the Champions Cup rugby final set to take place on the same day at the same time. Due to the derby between Manchester United and Manchester City being one requiring heightened security, the kick-off was moved ...

After its latest deal, could JD Sports be the next FTSE 100 company to move to the US?

A decision by JD Sports to pick up an American listed retailer will increase North America’s share of group sales from approximately 32 per cent  to approximately 40 per cent. 

London connectivity blackouts cost businesses nearly £6bn

London businesses have lost almost £6bn over the past year due to connectivity outages, new data has revealed.

Axiom Ince: Former boss of disgraced law firm faces bankruptcy petition

The former boss of disgraced law firm Axiom Ince, where over £60m of client money went missing, now faces a bankruptcy petition

European buyers seek flexibility in US LNG trade

European buyers of US liquefied natural gas are increasingly pushing for greater flexibility in contract and delivery terms,  -More- 

UnitedHealth says wide swath of patient files may have been taken in Change cyberattack

UnitedHealth says files with personal information that could cover a “substantial portion of people in America” may have been taken in the cyberattack earlier this year on its Change Healthcare business. The company said Monday after markets closed that it sees no signs that doctor ...

Dr Reddy’s initiates voluntary recall of Sapropterin Dihydrochloride in US over potency concerns

Citi recommends global stocks amid earnings optimism

Citigroup strategists are advising investors to buy dips in global stocks, citing the recent market pullback as an opportunit -More- 

The world's largest 3D printer is at a university in Maine. It just unveiled an even bigger one

ORONO, Maine (AP) — The world’s largest 3D printer has created a house that can cut construction time and labor. An even larger printer unveiled on Tuesday may one day create entire neighborhoods. The machine revealed Tuesday at the University of Maine is four times larger than the first ...

Lor’s Trillion the one to watch

ONCE again, the weather in Hong Kong is likely to play an important role in determining winners at Happy Valley when racing gets underway with a nine-race programme starting at 11.40am today. Rain has been lashing down in biblical proportions since the start of the week, and with intermittent ...

Argus: Persistent recovery should drive revenues in 2H24

Despite some false investment banking rebounds, Argus Research analyst Stephen Biggar believes the current recovery should pe -More- 

GoFundMe expands into Mexico as part of for-profit crowdfunding platform's international growth

GoFundMe is expanding into Mexico, the company announced Tuesday. That marks 20 countries now serviced by the crowdfunding giant. CEO Tim Cadogan says the for-profit platform is eyeing new international targets now that COVID-19’s unprecedented campaign levels have eased to pre-pandemic ...

Redmayne Bentley to acquire clients from Everton FC broker Blankstone Sington as special administration continues

The private client business of wealth management company Blankstone Sington, which has been in special administration since October 2023, is to be acquired by Redmayne Bentley.

HeadSpin co-founder gets 18 months in prison

HeadSpin CEO and co-founder Manish Lachwani was sentenced to 18 months in prison and a $1 million fine for defrauding investo -More- 

Elite athletes are faster at recognizing what NOT to do

In sports, sometimes it's the moves you don't make that can help you become an all-star.  -More- 

N.Y. school plans $10M for startup innovation

Rensselaer Polytechnic Institute in New York has unveiled plans to raise a $10 million investment fund for early-stage startu -More- 

US watchdog sues to block $8.5bn handbag takeover

The US competition watchdog has taken legal action to stop Tapestry's merger with rival Capri.

Robust domestic demand driving India's growth, says Morgan Stanley

Morgan Stanley maintains a positive view on India's growth outlook, predicting GDP growth of 6.8% in 2024-25 and 6.5% in 2025-26. The firm anticipates inflation to hover around 5% in the second quarter and expects retail inflation to average 4.5% in the upcoming fiscal year. Current account ...

Nottingham Forest VAR given spot at Euro 2024

Stuart Attwell, the VAR at the centre of a sensational social media storm started by Nottingham Forest, will officiate at this summer’s Euro 2024 tournament having been named among the video assistant referees for the European championships.  Attwell denied Forest three penalties in their ...

Cyberattacks are on the rise, and that includes small businesses. Here's what to know

Cyberattacks on businesses are rising, including small businesses. It’s a troubling trend because a breach can be very costly and time consuming if owners don’t have a plan to deal with one. According to the Verizon 2023 Data Breach Investigations Report, the median cost per ransomware ...

Novartis, Danaher rise; Nucor, Cadence Design Systems fall, Tuesday, 4/23/2024

Stocks that are trading heavily or have substantial price changes on Tuesday: Novartis, Danaher rise; Nucor, Cadence Design Systems fall.

England set for 26-man squad for Euro 2024

Teams will be able to take teams of 26 to this summer’s Euro 2024 tournament with Uefa set to confirm plans to stick with bigger squads. The number was increased from 23 to 26 because of the Covid-19 pandemic but was expected to return to its original number. That is no longer the case. ...

Tesla Earnings Report Could Add to Concerns About Its Strategy

Analysts expect first-quarter results to show a decline in profits, fueling worries that competitors will grab a bigger slice of slowing electric car sales.

Gaming startups get funding resurgence

Early-stage gaming startups raised $265 million globally last quarter, up 65% from the previous quarter, according to Crunchb -More- 

News24 Business | The Reserve Bank has two new inflation measures. Both are elevated

The SA Reserve Bank has developed two new measures to better understand underlying price pressures and both currently show elevated readings.

Baltimore port to open deeper channel, enabling some ships to pass after bridge collapse

Officials in Baltimore plan to open a deeper channel for commercial ships to access the city’s port starting on Thursday. It marks a significant step toward reopening the major maritime shipping hub that has remained closed to most traffic since the Francis Scott Key Bridge collapsed last ...

FBI: China-linked hackers looking to hit US infrastructure

An ongoing effort by hackers connected to China has yielded access to companies in critical infrastructure sectors including  -More- 

Lenders flying blind on private equity risk, Bank of England warns

Regulator says sector needs a consolidated view to avoid a repeat of Archegos fiasco

Lucia di Lammermoor at ROH: A stunning soprano in an absorbing opera

This revival of Lucia di Lammermoor is an almost perfectly pitched production. A stunning lead soprano in an absorbing retelling of a classic

BoE tells lenders to get data on private equity or risk 'large loss'

Top employees may quit when these issues arise

Certain issues may encourage your best employees to move on, writes Elena Rezanova, career strategist.  -More- 

Post Office boss Read led 'campaign to defame and ostracise me', ex-HR director claims

A former HR director at the Post Office, whose misconduct claims against chief executive Nick Read were dismissed following an internal investigation, has written to MPs in a bid to plead her case.

JPMorgan: Economics taking a toll on energy transition

The net-zero by 2050 target is still more than two decades away, but the variables influencing the world's power system are c -More- 

New leaders need 2 traits -- and both can be learned

Spot potential leaders in your organization by looking for those who can toggle between concrete and abstract thinking, says  -More- 

Course Offering - Virtual Dates Available | API Pressure Relieving Systems

This course will provide attendees with practical experience involving Pressure Relief Devices (PRDs).  -More- 

Labor Dept. fiduciary rule could be released today

The final version of the Labor Department's fiduciary rule is expected to be announced today, about two weeks after the White -More- 

Dom's Kitchen and Foxtrot abruptly shutter stores, months after specialty grocers merged

These apps allow workers to get paid between paychecks. Experts say there are steep costs

More people are using so-called Earned Wage Access apps to get money to pay bills and buy groceries in between paydays. The typical user earns less than $50,000 a year, according to the Government Accountability Office, and has experienced the pinch of two years of high inflation. Proponents ...

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

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

Sale reportedly on the table for Crescent Midstream

Crescent Midstream, a pipeline company backed by Carlyle Group, is reportedly considering strategic options, including a pote -More- 

Shrinking heavy crude discounts may pinch US refiners

This summer and beyond could bring narrower discounts on heavy crude due to decreased imports from Canada, Mexico and Venezue -More- 

Tuesday evening news briefing: Sunak unveils biggest military spending increase in a generation

FCA ups scrutiny on nonbanks' wind-down plans

The UK Financial Conduct Authority is increasing its scrutiny of nonbank financial firms and their wind-down arrangements.  -More- 

FTSE 100 closes at new record after breaching all-time high

"This positive showing is exactly what’s needed to help repair the reputation of the UK stock market," Russ Mould, investment director at AJ Bell said.

Bay Area tech giants reveal absurd CEO pay packages

Several executives made hundreds of times more money than most of their workers.

Founder creates startup from personal turmoil

Melissa Hutchins, co-founder and CEO of Certifi AI, created the company after being subjected to cyberstalking and finding no -More- 

Early bird rates end Friday! SIFMA FMS Regional Conference, May 29-30 in Chicago

Explore the program for FMS Regional 2024, where industry leaders, subject matter experts and regulators -- including the SEC -More- 

Yen nears intervention levels amid dollar strength

As the US dollar maintains its firm position, pushing the Japanese yen near a 34-year low, market speculation about potential -More- 

Enverus analyst sees growing role for offshore oil

As economically viable shale reserves dwindle, US offshore energy resources will play an increasingly important role in meeti -More- 

Spotify rises after smashing records just months after layoffs

Spotify shares jumped over 12 per cent on Tuesday after it broke a profit record in its first quarter, surpassing one billion euros (£860m) for the first time.

US reportedly working on sanctions for Chinese banks

The US is reportedly working on sanctions that could cut some Chinese banks off from the global financial sector as Washingto -More- 

Tata Power Solar Systems Limited to drive affordable and widespread solar rooftop adoption in residential segment

As airplane makers struggle to meet demand, Morocco wants to become a manufacturing hub

Moroccan officials are aiming to turn the country into an aviation hub, luring investors aiming to spread out their supply chains to more nations with available and affordable workers. The North African nation is vying for contracts with big manufacturers aiming to speed up production and ...

The Way Advisers Handle Your Retirement Money Is About to Change

More investment professionals will be required to act in their customers’ best interest when providing advice about their retirement money.

Can I Get Help with a New Boiler if I Am Not On Benefits? Apply Today for Eco4 Funding

If you are wondering if it’s possible to get help with a new boiler if you are not on benefits, this post is for you. We are going to show you how you can claim free funding from the ECO4 scheme even if you are not a receipt of benefits such as Income Support or [...]

Charts show positive trends for European VC market

A number of metrics and key trends show clearer skies to start 2024 in Europe, as startups in the region raised about $17.4 b -More- 

A legal challenge over the UK's role in arms sales to Israel will go ahead

A judge says a legal challenge over the British government’s role in allowing weapons to be sent to Israel can be heard at the High Court later this year. Palestinian human rights organization Al-Haq and the U.K.-based Global Legal Action Network are calling for the U.K. to stop granting ...

How CFOs can be leaders in corporate sustainability

CFOs play an essential role in complying with regulatory and corporate policies and reporting related to sustainability, and  -More- 

Biden announces solar grants, waterway conservation efforts

President Joe Biden marked Earth Day by committing $7 billion to support residential solar projects and announcing plans to p -More- 

ASX to rise ahead of inflation data as Big Tech boosts Wall Street; Tesla jumps

The Australian sharemarket is expected to extend its gains this morning as investors await the release of the latest inflation figures to guide their bets on the Reserve Bank’s next interest rate moves. 

Ex-Centerview banker did not clinch partner deal at meeting, US court rules

Decision hurts David Handler’s chances of securing potentially millions of dollars in equity he sought from the elite M&A boutique

Levi Strauss shifts focus to DTC model, growth beyond denim

Levi Strauss is focused on selling directly to consumers through its stand-alone stores and using data and insights collected -More- 

Ithaca Energy agrees £750mn deal for most of Eni’s UK oil and gasfields

The transaction should turn the London-listed company into one of the North Sea’s largest producers

FTSE 100 record highs do not reflect a recovery for UK PLC - here's why

The FTSE 100 has hit a second all-time closing high in as many days.

Buzzbike completes funding round after e-bike subscription demand soars sevenfold

Buzzbike has announced the completion of its latest funding round after it saw a sevenfold rise in demand for its e-bike subscription service.

Trump to score additional $1.2 billion windfall thanks to his Truth Social app

Trump is getting additional shares in his social media company, Trump Media & Technology Group, as part of his current agreement. He still can't cash in yet though.

Buildings as batteries? For net zero, we need bright spark ideas like this

Office blocks have an important part to play in our efforts to limit further climate change. How? Keep reading.

Starbucks set for talks with unionized U.S. stores

Starbucks is set to hold talks with labor representatives from stores that have voted to unionize in a key step towards reaching contracts, both sides said Tuesday. The…

ICE launches EU carbon allowance mini futures

Intercontinental Exchange has launched its first small-size EU carbon allowance futures contracts, sized at 100 tons per cont -More- 

HZ leadership buys firm back from BCW

The deal took place as BCW is combining with Hill & Knowlton to form Burson.

Three-year-olds groomed online, charity warns

IWF says many were likely filmed remotely while using phones or other handheld devices at home.

Donald Trump is owed an extra $1.5b worth of shares in Truth Social

The former US president’s sizable stake in his social media company is set to jump even more as he’s rewarded with additional shares in its parent company. But he can’t sell any of them for months.

Samsung Electronics America hires Katie Stratakis as US head of corporate comms

Stratakis previously spent 10 years at Edelman, most recently as an EVP working across Unilever’s family of brands.

Markets price in 20% chance of Fed hike in next year

Options markets are pricing in a 1-in-5 chance the Federal Reserve will increase interest rates during the next 12 months, up -More- 

Pompeii villa adds ancient-looking solar roof tiles

The roof of the Villa of Mysteries in Pompeii has been partially retiled with solar panels that look like terracotta tiles, r -More- 

Chinese speculators super-charge gold rally

Huge bullish bets on Shanghai exchanges show growing clout of Asian traders in market for precious metal

Two-way EV charging could offer profits for automakers

As bidirectional electric vehicle charging becomes more feasible, automakers like General Motors and Volvo are trying to figu -More- 

Tesla revenue declines in first quarter as vehicle sales slow

Elon Musk-led electric vehicle maker pledges to speed up launch of new models

Planning hurdles holding back the power grid’s race to renewables

Wind and solar farms are waiting up to two years for planning permission, as investors take aim at “pinch points” obstructing efforts to wean the grid off coal.

U.S. bans noncompete agreements for nearly all jobs

The Federal Trade Commission has voted to ban employment agreements that typically prevent workers from leaving their companies for competitors, or starting competing businesses of their own.

Call for tourism buffer zone

Tourism operators in Rayong have called for buffer zones to clearly separate industrial areas from tourism areas as the chemical warehouse explosion in the province this week could have a negative impact similar to two previous oil leaks.

Gucci-owner Kering expects first-half profit to shrink by up to 45%

French luxury group says its performance ‘worsened considerably’ in the first quarter amid Gucci reset

Jeep maker Stellantis to lay off unspecified number of factory workers in coming months

Jeep maker Stellantis is planning to lay off an unspecified number of workers at its U.S. factories in the coming months to deal with a rapidly changing global…

Survey: US credit investors say geopolitical tension is top concern

Geopolitical risk is the top concern among US corporate credit investors, but investors are largely bullish on investment-gra -More- 

Two UK water companies lack complete maps of sewage networks

Shortage of data raises questions over condition of infrastructure as groups seek sharp increases in bills

Dimon cautions over soft landing for ‘unbelievable’ US economy

JPMorgan Chase chief says in interview that he’d ‘love to be president, but you’d have to anoint me’

Ithaca Energy to buy Eni’s UK assets for about £754m

North Sea oil and gas producer Ithaca Energy said on Tuesday it would buy Eni's UK upstream oil and gas assets for about £754m in an all-stock deal.

‘Walter the Dino’ helps AstraZeneca in Airsupra campaign

The pharmaceutical company tried to paint rivals’ asthma medication as being from the stone age.

Popular boat-shaped lakefront restaurant Castaways set to reopen Memorial Day weekend

How major US stock indexes fared Tuesday, 4/23/2024

Stocks rallied for a second straight day on Wall Street, softening what’s been a rough April. The S&P 500 added 1.2% Tuesday to pull further out of the hole created by a six-day losing streak. The Dow Jones Industrial Average climbed 0.7%, and the Nasdaq composite rose 1.6%. ...

Investors seek to capitalize on the latest bond sell-off

Selling in the US bond market is prompting some investors to lock in higher yields before Federal Reserve interest rate cuts. -More- 

Agencies join forces to digitise government

The Thai Chamber of Commerce is working with the Office of the Public Sector Development Commission (OPDC) and the Business Development Department to link corporate information electronically, facilitating paperless procedures and generating cost savings for residents and entrepreneurs of up ...

The head of Mexico's detective service says his country is the 'champion' of fentanyl production

The head of Mexico's detective service has acknowledged the country is “the champion” of fentanyl production, contradicting President Andrés Manuel López Obrador. The president has long denied that fentanyl is produced in Mexico, saying that Mexican cartels only press it into pills or add ...

Nike backtracking on DTC, refocusing on innovation

Amid stagnant sales, Nike CEO John Donahoe says the company has lost the innovative edge that once defined its brand and prod -More- 

New federal rule would bar companies from forcing 'noncompete' agreements on employees

U.S. companies would no longer be able to bar employees from taking jobs with competitors under a rule approved by a federal agency, though the rule is sure to be challenged in court. The Federal Trade Commission voted to ban measures known as noncompete agreements, which bar workers from ...

Howie Schwab, ESPN Researcher and Trivia Star, Dies at 63

He stepped out of his behind-the-scenes role in 2004 when he was cast as the ultimate sports know-it-all on the game show “Stump the Schwab.”

You can't get away from yourself by moving from one place to another.

Ernest Hemingway, writer, journalist, Nobel Prize for Literature recipient

Digital ad spending on the increase

Intense competition between local and niche brands against larger players on e-commerce and the rise of affiliate marketing are driving ad spending on digital channels, says Media Intelligence Group.

UK borrowing casts doubt on pre-election tax cuts

Government borrowing for the year was £6.6bn higher than expected, according to new figures.

Tesla profits tumble but shares rise on new vehicle plan

Tesla reported a big drop in quarterly profits Tuesday, pointing to elevated pressure on the electric vehicle market that has led to deep cost-cutting. But shares of Elon…

Tesla profits have plummeted. Elon Musk remains all-in on robotaxis

Tesla's sales are down. It's slashing car prices and laying off staff. Yet CEO Elon Musk remains bullish on a future that's self-driving and battery-powered.

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- 

Nobody puts Beyonce in a corner: Overcoming exclusion

Despite her Southern roots, Beyonce didn't get the warmest of reactions from some country music fans when she performed with  -More- 

Calif. debuts blueprint for carbon neutrality by 2045

California has shared 81 nature-based goals that will help make its target of carbon neutrality by 2045 a reality.  -More- 

Survey: Manufacturing CFOs push for better processes

Although 85% of manufacturing chief finance officers say their financial close processes are "fairly mature and sufficient,"  -More- 

Plastic pollution front and center for new treaty

Thousands of delegates and environmentalists have gathered in Ottawa, Canada to negotiate a new treaty for plastic waste mana -More- 

‘It Is Desolate’: China’s Glut of Unused Car Factories

Manufacturers like BYD, Tesla and Li Auto are cutting prices to move their electric cars. For gasoline-powered vehicles, the surplus of factories is even worse.

Designing for disability: how video games become more accessible

Gaming provides entertainment and community for billions of people worldwide. However, video games haven't always been accessible to those with disabilities. But this is changing. Today, in the next installment of our series on the business of video games, we explain how accessibility has ...

Phish fans are famously dedicated. What happens when they enter the Sphere?

The 20,000 fans walking toward the glowing Sphere in Las Vegas last week were there for a band that many visiting the Strip have no idea exists. Fans followed Phish to Vegas for their four shows as they do no matter where the Vermont jam band goes. Phish had played Vegas 26 times before but ...

Music majors can be great employees

A new study has revealed that musicians often bring exemplary skills to the workplace ...  -More- 

General Mills unveils progress with sustainability goals

General Mills has achieved several sustainability-related milestones such as surpassing the halfway mark to shifting one mill -More- 

Japan Post Bank system glitch delays 1.2 million money transfers

Japan Post Bank Co said Tuesday that a nationwide system failure has caused delays in receiving nearly 1.2 million money transfers from other banks. The bank said the…

Petrol prices on UK forecourts hit 150p a litre

Rising oil prices have lifted the cost of filling up but it may prove short-term, claim experts.

Russia’s deputy defence minister detained on suspicion of receiving a bribe

RBI: Heatwaves, geopolitical tensions may stoke inflation

According to Tuesday's state of the economy report by the RBI, extreme weather events and persistent geopolitical tensions may contribute to inflation risks, while also potentially causing fluctuations in crude oil prices. The report highlighted a positive trend in real GDP growth, supported ...

Players are pushing back against free video games that rely on in-game purchases

In 2012, a studio had a game with no publishers. So it tried something new. Now, many studios use the "live service model." Rather than costing money upfront, games are free with "in-game purchases."

Fragments of Bird Flu Virus Discovered in Milk

The milk poses virtually no risk to consumers, experts said. But the finding suggests that the outbreak in dairy cows is wider than has been known.

Tensions between Beijing and Washington are biggest worry for U.S. companies in China, report says

Simmering tensions between Beijing and Washington remain the top worry for American companies operating in China, according to a report by the American Chamber of Commerce in China…

Zero-waste chef on building a sustainable CPG brand

Camilla Marcus created zero-waste eatery west~bourne in New York City's SoHo neighborhood in 2018 and shifted gears during th -More- 

Mortgage costs rise as banks confirm higher rates

The increases come after forecasts for when the Bank of England will cut interest rates are pushed back.

Montana minor league baseball team in dispute with National Park Service over arrowhead logo

A minor league baseball team in Montana is calling out the U.S. Department of Interior for “unwarranted and relentless” trademark claims in a battle over the use of an arrowhead logo. The Glacier Range Riders in Kalispell, Montana, are members of a Major League Baseball partner league. The ...

Arrivals set to soar amid holidays in East Asia

Chinese and Japanese tourists are expected to flock to Thailand during the Labour Day holiday and Japan's Golden Week, driving arrivals to 996,000, up 29% from the corresponding period last year, according to the Tourism Authority of Thailand (TAT).

FTSE 100 today: London markets set to shine green, riding global upward momentum

Asian markets followed Wall Street's upward trend, with oil and gold prices trading nearly flat as tensions in the Middle East eased. Tesla's stock soared 13 per cent after plans to fast-track a 'more affordable' model release. Attention now shifts to the upcoming earnings reports from Meta, ...

Tech war: China could face US, EU curbs over legacy chips

After the US cut China's access to cutting-edge chips, the EU and US are concerned about the country's dominance of semiconductors used in everyday technology.

Despite its problems, Thames Water still aims to pay £2bn in dividends over the next decade

Thames Water has said it does not pay dividends to shareholders, but pays internal sums to its parent company Kemble Water Holdings

Our helpful advice to the Bank’s ratesetters: please, stop with the speeches

At the Bank of England, it is now de rigeur for the nine members of the monetary policy committee to contradict each other on the speech circuit.

Tesla lays off more than 3,300 California workers, mostly in Bay Area

More than 1,400 of Tesla’s layoffs are at its huge Fremont factory.

SCGP takes measures to reduce risk

SCG Packaging Plc (SCGP), a Thai operator in the fully-integrated packaging chain in Southeast Asia, is concerned about the effects of geopolitical conflicts, especially in the Middle East, on energy prices, including oil and coal.

The billionaire, TikTok and Trump

Plus, Thames Water’s not-so-secure securitised bonds and the FTC tries to curb luxury sector dominance

Consumer group names TSB, Co-op Bank and Monzo as worst major banks for mobile app security

The group reviewed the apps and websites of Britain's 13 largest current account providers between January and February, with assistance from computer security experts.

RBI Lists 6 Factors Powering India’s Take-off To Become World’s 3rd Largest Economy

According to the RBI bulletin, the “tailwinds likely to power India’s take-off” are as follows:

Senate passes bill forcing TikTok's parent company to sell or face ban, sends to Biden for signature

The Senate has passed legislation that would force TikTok’s China-based parent company to sell the social media platform under the threat of a ban, a contentious move by U.S. lawmakers that’s expected to face legal challenges and disrupt the lives of content creators who rely on the ...

Stock market today: BSE Sensex surges 200 points; Nifty50 above 22,400 as bulls charge

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Wednesday. BSE Sensex surged 200 points to briefly move above 74,000 and Nifty50 was above 22,400.

The Debate: Is Shakespeare elitist?

To celebrate the Bard's birthday, our opinion desk and lifestyle desk go head to head to battle out Shakespeare's enduring legacy.

US Senate approves bill banning TikTok unless Chinese owner sells platform

Move could lead to obsolescence of video app used by 170mn Americans

Now, Indian Railways to offer affordable meals for General Class Coach passengers; check details

Indian Railways is introducing budget-friendly meal service for passengers in General Class Coaches to accommodate summer travel surge. Over 150 counters are now operational at stations, with plans for further expansion.

Reduced notice periods for renters are an open door for party flats

Renters need more rights, but scrapping minimum tenancy terms would leave landlords unable to stop their properties being used for holiday lets, party flats or worse

Ministry eyes ongoing use of Oil Fuel Fund

The Finance Ministry has recommended using the Oil Fuel Fund to sustain the subsidy for retail diesel prices, noting the fund has sufficient capacity to support the government's diesel subsidy programme.

M&S pension scheme faces hefty losses as FCA probes Home REIT sister fund

The M&S pension scheme is facing huge potential losses after pumping cash into a Home REIT sister fund that is now under investigation by the Financial Conduct Authority (FCA), City A.M. can reveal.

Alert: Congress sends Biden bill requiring TikTok's parent company to sell the platform or face a US ban

Congress sends Biden bill requiring TikTok's parent company to sell the platform or face a US ban.

Sadiq Khan is right, every child in London deserves a free school meal

Universal free school meals are fairer, better for the economy and good for children’s educational outcomes, says Joanne McCartney Elections and manifestos are about priorities and Sadiq Khan has decided that feeding all state primary school children and supporting families through the ...

Proxy battle fails to erupt as investors wave through FTSE 350 payouts

The battle over paypackets for London’s top bosses failed to materialise in the opening months of the year as investors snubbed proxy firms and waved through bigger salaries for executives, new data suggests.

When M&A goes wrong

Examining how the sale of a California supermarket to a private equity firm turned rotten

Even Conservatives admit that cuts to council funding have gone too far

With a quarter of Conservative councillors admitting their local authority is struggling to provide the basics, change is clearly needed.

Tesla’s profits are being sunk by a tide of electric cars

Elon Musk’s electric car giant has seen first-quarter profit more than halve as the market for electric vehicles is awash with excess capacity and production.

SEC Lawyers Resign After Censure for Abuse of Power

The SEC's failed case against Digital Licensing Inc., a crypto platform known as DEBT Box, is continuing to make waves. Michael Welsh and Joseph Watkins, the SEC’s lead trial attorney and the agency’s lead investigative attorney on the case, stepped down this month after SEC officials told ...

Nestlé expands pet food output

Nestlé (Thai), a leading consumer goods manufacturer and marketer, has invested 6 billion baht in expanding its manufacturing facilities in response to the growing demand for pet care products.

The Star’s ex-CEO defends ‘controversial’ conduct before second inquiry

The Star’s former boss Robbie Cooke has defended his tenure at the helm of the struggling casino giant as an inquiry weighs its future.

Oberweis Dairy says it found two potential buyers following Chapter 11 bankruptcy

Global share buybacks drop despite dividend spike

Global share buybacks dipped by 14 per cent last year to $1.1 trillion (£880bn) despite record dividend issuance from global companies.

Four companies to jointly invest in 15 power plants

Local power and waste management companies have teamed up to co-invest in 12 waste-to-energy power plants and three refuse-derived fuel production facilities in a move to support the state's bio-, circular and green economic policy.

Business confidence surges but recovery remains ‘brittle’, survey suggests

The UK economy has recorded growth in both January and February, making it overwhelmingly likely that last year's shallow recession is already over.

USPS commits to rerouting Reno-area mail despite bipartisan pushback and mail ballot concerns

The USPS announced on Tuesday it will continue with its plan to reroute Reno-area mail processing to Sacramento, a move that drew bipartisan ire from Nevada lawmakers while raising questions about the rate at which mail ballots can be processed in a populous part of a crucial swing state. ...

Tesla Q1 profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles

Despite a 55% decline in net income for the first quarter, Tesla's stock price surged during after-hours trading on Tuesday following the company's announcement of plans to expedite production of new, more cost-effective vehicles. The Austin, Texas-based company reported earnings of $1.13 ...

Post Office scandal extends 'greatly beyond Horizon' - victims' lawyer

How a Monaco hedge fund boss got tied up with an indebted English town

Lee Robinson’s advice was ‘like having Lionel Messi on your team’. Now his relationship with Warrington is under scrutiny

Central bank says it has taken action on excessive baht moves

The Bank of Thailand said on Wednesday it had taken action on excessive movement of the baht currency.

News24 Business | SA renewable energy company hires Goldman Sachs as advisor, mulls possible sale

Red Rocket, a South African independent power provider, hired Goldman Sachs Group to advise on the next steps for the closely held business — including a possible sale.

‘Massive opportunity’ for UK firms as digital services could save public 75,000 years

Digitising the UK’s government services could save Brits a collective 75,000 years of lost time annually and represents a “massive opportunity” for firms, new data has revealed.

Knitwear label John Smedley wants to bring manufacturing home

By opening up its factory to third parties, the British heritage brand hopes to encourage domestic production

Post Office boss obsessed with pay says ex-HR chief

Nick Read repeatedly made threats to resign over the issue, former Post Office HR chief claims.

On Zilingo ex-CEO’s complaint, FIR filed against co-founder, ex-COO

The Notebook: Bloomberg chair Constantin Cotzias on how the next mayor can keep the City thriving

Bloomberg London chair Constantin Cotzias takes the Notebook pen to talk about what the City needs from the next mayor.

Hipgnosis bidding war shows these corporate jukeboxes are valuable after all

The bidding war between Blackstone and Concord for Hipgnosis shows that the music asset class has not lost its allure, Jess Jones writes

German spycatchers raise game against China and Russia

Recent arrests only ‘tip of the iceberg’, with hundreds more operatives believed to be ‘up to mischief’ in Germany

How India's digital public infrastructure can push inclusive global growth

Inside the past, present and future of stadium design with Populous

One of the cherished memories for any sports fan is that intake of breath from sheer disbelief when you first climb the concrete steps from the bowels of a stadium to glimpse the scale of the arena which a team you’re about to both fall in love with and despise for a lifetime calls home. [...]

Bay Area tech startup Ghost Autonomy shuts down, lays off 100 workers

The Mountain View-based company is shutting down after raising $220 million.

Long Songkran generated B140bn in tourism income

The three weeks of this year’s Songkran festival generated about 140 billion baht in tourism income, with 1.9 million foreign tourists visiting the country during the celebration, according to the Tourism and Sports Ministry.

Dart aims for high-grade Victorian gold at Growlers Hill

Dart Mining has launched into its first drill campaign searching for high-grade gold at its promising Rushworth project, about 160km north of Melbourne.

ASPS sees interest rate cut in June

The Bank of Thailand is expected to cut interest rates only once this year, at its June meeting, propping up the Stock Exchange of Thailand (SET) index from a low of about 1,350 points at present to a high of 1,450 points this quarter, according to Asia Plus Securities (ASPS).

Toxic Tiktok trends: Weighing in on dangerous viral diet misinformation

Of those who are influenced by nutrition and health trends on Tiktok, 64 per cent report that they adopt at least one of these trends a few times a week.

What would radically cutting immigration really mean for businesses?

Getting the balance right in legal immigration is the key challenge of our time, and there are myriad medium- and long-term benefits to be seized

Have we passed peak electric car?

Electric cars have not become better or cheaper fast enough, and without rapid improvements the market will run out of road, says Paul Ormerod This week I got rid of my electric car.  As a car, it was a pleasure to drive.  I also enjoyed the fact that it disconcerted at least some of my [...]

Keeping rate steady creates policy optionality - central bank

Thailand's current policy interest rate settings were robust and can handle future risks to the economy, the central bank said on Wednesday, amid continued pressure from the government to lower borrowing costs and help jumpstart sluggish growth.

Olympian Kristi Yamaguchi is 'tickled pink' to inspire a Barbie doll

Like many little girls, a young Kristi Yamaguchi loved playing with Barbie. So, it’s surreal for the decorated Olympian figure skater to now be a Barbie girl herself. Mattel announced Wednesday that there will be a Yamaguchi doll as part of Barbie's “Inspiring Women Series.” Yamaguchi was ...

Apollo sells stake in asset-backed lending unit to insurer MassMutual

Deal with Atlas SP comes after private capital group acquired unit from Credit Suisse

Remnants of bird flu virus found in pasteurized milk, FDA says

U.S. health officials say samples of pasteurized milk have tested positive for remnants of the bird flu virus that has infected dairy cows. The Food and Drug Administration stressed Tuesday that the material is inactivated and that the findings “do not represent actual virus that may be a ...

Bangladesh FTA negotiations given nod

The cabinet yesterday endorsed a commitment to engaging in Free Trade Agreement (FTA) negotiations with Bangladesh to enhance bilateral trade.

Nikkei leads Asian gains following Wall Street rally

Asian shares rose on Wednesday, led by an 2% gain in Japan’s Nikkei 225 after U.S. stocks rallied for a second straight day Tuesday, blunting the blow from…

Heathrow Airport hits historic footfall but urges UK to ‘rethink anti-growth policies’ like tourist tax

The group has swung from a £60m loss during the same period last year to £83m profit in 2024.

Iranian President Ebrahim Raisi to inaugurate Sri Lankan hydropower and irrigation project

Iranian President Ebrahim Raisi has arrived in Sri Lanka to inaugurate a hydropower and irrigation project that was long delayed due to international sanctions on his government and other issues. The project, valued at $514 million, was started in 2010 by an Iranian engineering group and Iran ...

US seeks to jail Binance founder

NEW YORK - Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, should serve three years in prison after pleading guilty to violating laws against money laundering, US prosecutors said on Tuesday.

Muji owed up to £85m ahead of being rescued out of administration

The European arm of Japanese retailer Muji collapsed into administration owing up to £85m before a rescue deal was agreed, it has been revealed.

Taylor Swift, The Tortured Poets Department review: Cathartic, but lacks a climax

Have we reached Taylor Swift fatigue? Don’t be silly. But the middling response to her latest album suggests a craving for more curation.

News24 Business | Should your party save you from floods? Voters think so

Last week, the south coast of KwaZulu-Natal was mopping up damage after being battered by heavy, unexpected rainfall over the weekend. How seriously should your political party take such issues? Here’s what voters think.

Biden administration is announcing plans for up to 12 lease sales for offshore wind energy

The Biden administration is preparing to announce plans for a new five-year schedule to lease federal offshore tracts for wind energy production. The plan was to be announced Wednesday in New Orleans by Interior Secretary Deb Haaland. It calls for up to a dozen offshore energy lease sales ...

Congress Passed a Bill That Could Ban TikTok. Now Comes the Hard Part.

After President Biden signs the bill to force a sale of the video app or ban it, the legislation will face court challenges, a shortage of qualified buyers and Beijing’s hostility.

News24 Business | PHOTOS | BHI fraud-accused Craig Warriner in court as victims demand justice

Craig Warriner, the Johannesburg investment manager behind the scandal-ridden BHI Trust, may be looking to negotiate a plea agreement with the state.

Former Boeing Manager Says Workers Mishandled Parts to Meet Deadlines

Merle Meyers, who left Boeing last year after a 30-year career, said he was speaking publicly about his experience because he loved the company “fiercely.”

Economic hurdles of EU expansion into Eastern Europe

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

Angle agrees deal with Astrazeneca for tech to kill cancer cells

This is expected to be driven by an increase in the use of combination therapy for the treatment of drug-resistant cancers and the need for novel targeted medicines for cancer treatment. 

Spotify turns up volume to make record profits

The music streaming service reports record profits of over €1bn (£860m) after laying off 1500 staff.

IndiGo announces in-flight entertainment on Delhi-Goa route for the first time; check features, trial details

IndiGo's in-flight entertainment trial on the Delhi-Goa route aims to enhance the passenger experience. The airline plans full implementation if successful, with a focus on improving air travel accessibility and infrastructure expansion.

Abrdn records rebound in flows as boss says cost-cutting is ‘on track’

Money manager Abrdn said its cost-cutting programme was “on track” today as its total funds under management ticked up in the first three months of the year ann the flow of cash into the firm rebounded.

EPFO Interest Rate For FY 2023-24: When Will It Be Credited? Check What EPFO Has Said To Member's Response

EPFO's decision to hike PF interest rate for the FY 23-34 fiscal has several members waiting for the amount to be credited into their passbook.

Why JPMorgan CEO believes PM Narendra Modi is doing an ‘unbelievable job’

JPMorgan CEO Jamie Dimon has lauded PM Narendra Modi, calling him tough and crediting him for doing a difficult job. "There are examples of people who have just turned these things around and you know, we need a little bit more of that here," he said.

Reckitt Benckiser: Nutrition arm bruised amid baby formula litigation case

Like-for-like sales at its nutrition arm fell by 9.9 per cent to £591m, which more than offset growth of 7.1 per cent at its hygiene arm and one per cent at its health arm.

Ofcom warns broadcasters over election bias

UK media regulator finds need to strengthen rules for TV channels featuring politicians as presenters

Warpaint London expands into Superdrug and Boots as revenue leaps 40 per cent

Warpaint cosmetics has reported a 40 per cent rise in revenue for the year ended 31st December, helped by the launch of its products in New Look and Superdrug stores. 

Tesla profits cut in half as demand falls

The EV maker brings forward launch plans for new models as profits drop by more than half.

London’s reign as most desirable city for work enters tenth year in boost for Square Mile

London has held on to its crown as the world's most desirable city for work, according to a major study, in a boost for the Square Mile's reputation as a global financial hub.

High Borrowing Costs Have Some Democrats Urging Biden to Pressure the Fed

Polls show voters are angry about costs, like mortgages, and worried they will stay high if the president wins re-election.

Quilter: Wealth manager attracts surge of fresh cash as stock markets rebound

Wealth manager Quilter has pushed up the amount of cash managed in its funds in the first three months of the year after a surge in fresh inflows and a rebound in global equity markets.

US regulator accepts GSK’s application to expand treatment of cancer drug

The treatment, Jemperli, will now be classed as being able to help all adult patients with primary advanced or recurrent endometrial cancer. It is used alongside chemotherapy.

TikTok may be banned in the US. Here's what happened when India did it

The hugely popular Chinese app TikTok may be forced out of the U.S., where a measure to outlaw the video-sharing app has won congressional approval and is on its way to President Biden for his signature. India ended up banning the app nearly four years ago alongside dozens other Chinese apps ...

UK ‘name and shame’ plans take regulatory transparency too far

The Financial Conduct Authority already has deterrence tools at its disposal

Owner of The Sun hits ITV with legal action over footage of Princess of Wales

Broadcaster ITV and its production company ITN have been hit with legal action by the publisher of The Sun newspaper

Lloyd’s insurance vehicle Inigo surpasses £885m in gross written premium

The specialist insurer Inigo has surpassed $1bn in gross written premium as well as reporting skyrocketing results for its profit before tax

Lloyds profits plunge following record year

Profits have plunged at Lloyds Banking Group in the wake of its record results last year.

Digital wallet aims for maximum impact, says finance official

The 500-billion-baht digital wallet scheme aims to reach the wider population and boost the overall economy through stimulus, a Ministry of Finance official said on Wednesday, responding to central bank recommendations that it be targeted towards the poor.

The AA: Rising insurance premiums help revenue surge but breakdown troubles see profits slashed

Rising insurance premiums helped revenue at The AA surge to almost £1.3bn but a slowdown in its breakdown service saw profits slashed by more than 40 per cent.

'The Indicator from Planet Money': How video games became more accessible

The team at The Indicator from Planet Money explores the shifting status quo on accessibility in video games.

Wanted: An Executive to Repair Boeing

The plane maker, which is searching for a new chief executive, is likely to consider a small number of people, including several former Boeing executives.

Lloyds profits fall as interest rate benefits wane

Competition in savings and mortgage markets and rate cut expectations weigh on margins

Boeing posts £285m loss as 737 Max production dips amid fallout from Alaska disaster

Boeing reported a net loss of $355m (£285m) in the first quarter as production of its 737 Max jets decreased.

Canary in the coal mine? Trust asset value crashes following Gove’s proposed ground rent reforms

The policy would have seen the government reduce annual payments to ‘peppercorn’ rates or almost nothing.

Ancestry website to catalogue names of Japanese Americans incarcerated during World War II

The names of thousands of people held in Japanese American incarceration camps during World War II will be digitized and made available for free on Ancestry. The genealogy company announced Wednesday it is collaborating with the Irei Project, which has been working to memorialize more than ...

Ryanair sues over 'terrible' summer flight delays

Ryanair is suing air traffic control body Nats over last summer's flight chaos when more than 700,000 passengers were hit by cancellations and delays.

Labor Dept. finalizes fiduciary rule

The Labor Department has finalized its 473-page fiduciary rule, which has a Sept.  -More- 

BoE's Pill unconvinced inflation under control

Bank of England Chief Economist Huw Pill has said there is a "reasonable way to go" before he is convinced that inflation is  -More- 

News24 Business | Zeder forks over about R700m to shareholders, and has offers for its remaining assets

Agricultural investment group Zeder has said it will consider the sale of its Zaad and Pome Investment assets, following the appointment of Rabobank as its special advisor.

The Lex Newsletter: Pity the forecasters

Plus, electric vehicles, Embracer, UK asset managers, Prysmian

SEC engages with firms on US Treasury clearinghouses

The Securities and Exchange Commission is in discussions with firms interested in becoming central clearinghouses for derivat -More- 

Calls for reproposal of Basel III endgame grow

Criticism of the Basel III endgame proposal is mounting, with Federal Reserve Governor Michelle Bowman calling for a repropos -More- 

New mutual fund KYC rules: Is your KYC validated, verified, registered or on hold? Find out

New KYC regulations for mutual funds introduced on April 1, 2024, impact investor access to schemes. Understanding KYC status is crucial. Different statuses like Validated, Registered/Verified, and On Hold have specific implications, requiring investors to follow necessary processes for ...

European bank earnings reports could test stock rally

Major European banks are reporting earnings this week, potentially upending a stock rally in which European banks have outpac -More- 

Germany raises forecasts on boost to outlook for industry and consumers

Expected 0.3% expansion for 2024 comes as energy prices and inflation continue to fall from record highs

Red card: Former England and Liverpool footballer John Barnes banned as a company director

John Barnes, the former England and Liverpool footballer, has been banned as a company director after his business failed to pay tens of thousands of pounds in tax. 

When will India's first bullet train project between Ahmedabad-Mumbai be completed? NHSRCL answers

Ahmedabad-Mumbai bullet train update: The completion date of the entire 508 km-long bullet train project can be assessed only after all work tenders have been awarded, National High-Speed Rail Corporation Limited (NHSRCL) has said in an RTI reply.

Is Ithaca Energy’s £754m buy of Eni’s North Sea oil and gas assets a good deal?

Dark clouds of political uncertainty and the green transition hang over Ithaca Energy's blockbuster £756m buy.

KPMG snaps back job offers after tougher UK visa requirements come into force

One of the Big Four firms has been revoking job offers from foreign graduates after the UK Government's new tougher visa requirements came into force.

Former England and Liverpool star banned as company director over unpaid taxes

John Barnes has been banned as a director after his company failed to pay almost £200,000 in tax.

Billionaire Texas oilman inks deal with Venezuela's state-run oil giant as U.S. sanctions loom

A company started by a Texas billionaire oilman has announced a deal with Venezuela’s state-owned oil company to rehabilitate five aging oil fields. Wednesday's announcement comes days after the Biden administration put a brake on sanctions relief for Venezuela amid concerns about the ...

Tesla driver in Seattle-area crash that killed motorcyclist told police he was using Autopilot

A Tesla that may have been operating on the company’s Autopilot driving system has hit and killed a motorcyclist near Seattle. The incident raises questions about whether a recent recall went far enough to ensure Tesla drivers pay attention to the road. After the crash Friday northeast of the ...

Southwest Airlines flight attendants ratify a contract that will raise pay about 33% over 4 years

Southwest Airlines flight attendants have ratified a new contract that will boost their pay by about one-third over four years. The Transport Workers Union said Wednesday that Southwest cabin crews voted 81% to 19% in favor of the contract. The union’s board rejected a lower offer last ...

Ogilvy launches health influencer marketing offering

Health Influence will combine Ogilvy PR’s global influencer team with experts from Ogilvy Health.

Meta shares take $125bn hit as Facebook owner raises spending forecasts

Shares in Meta, the owner of Facebook, WhatsApp and Instagram, have fallen sharply after the company revealed it had raised its cost forecast for the current year.

Europeans ‘less hard-working’ than Americans, says Norway oil fund boss

Tangen finds US investments more attractive due to weaker regulations and more risk-taking

Meta predicts higher spending, weaker sales as it pushes into AI

The social media giant increased its spending estimates for the year, once again raising questions about whether its futuristic technological bets will eventually pay off for investors.

Missouri House backs legal shield for weedkiller maker facing thousands of cancer-related lawsuits

The Missouri House has passed legislation that could protect chemical manufacturer Bayer from some lawsuits alleging a popular weedkiller causes cancer. The legislation comes as Bayer faces tens of thousands of lawsuits claiming it failed to warn people that the key ingredient in Roundup could ...

Concord tops Blackstone in bidding war for Hipgnosis

Offer for music rights group rises to $1.5bn as Apollo-backed investor beats rival’s bid

The US is now allowed to seize Russian state assets. How would that work?

The big U.S. aid package for Ukraine and other allies that President Joe Biden signed Wednesday also allows the administration to seize Russian state assets located in the U.S. and use them for the benefit of Kyiv. That could mean another $5 billion in assistance for Ukraine, coming from ...

Kansas' governor vetoed tax cuts again over their costs. Some fellow Democrats backed it

The Democratic governor in Kansas has vetoed a broad package of tax cuts for the second time in three months. Gov. Laura Kelly described the tax plan Wednesday as too expensive despite the bipartisan support it enjoyed in the Republican-controlled Legislature. The cuts in income, sales and ...

More cows are being tested and tracked for bird flu. Here's what that means

U.S. health and agriculture officials are ramping up testing and tracking of bird flu in dairy cows in an urgent effort to understand and stop the growing outbreak. Officials say the risk to humans remains low. Scientists fear that the virus that's been detected in cattle in several states ...

FTC prohibits noncompetes for many workers

The Federal Trade Commission has voted 3-2 to approve a rule prohibiting the use of noncompete provisions for many workers, a -More- 

BHP weighs potential takeover of Anglo American

BHP, the world’s largest miner, is considering buying London-listed Anglo American, people with knowledge of the matter said, in what would rank as one of the year’s biggest deals.

Create a respectful culture to keep talent on board

Data shows that retaining and engaging employees is paramount for executives, which is good since other research reveals few  -More- 

How to successfully survive year one

Founders can increase their odds of surviving the first year in business by embracing discomfort and nurturing relationships, -More- 

Rio de Janeiro strives to strengthen tech ecosystem

Rio de Janeiro continues to encourage and develop its local technology ecosystem, with Brazilian officials touting a recent c -More- 

Tips from startup expert Eric Ries

Founders should understand the importance of putting themselves in rooms where decisions are made, such as pitch meetings, sa -More- 

Generative AI saves employees time at work, survey finds

A global Contentful survey found 37% of employees using generative AI daily save five to 10 hours per week, with users in tec -More- 

Quantum computing startups continue to draw interest

Startups in the quantum computing vertical continue to draw interest from the venture capital community, with the deal count  -More- 

How major US stock indexes fared Wednesday, 4/24/2024

U.S. stocks drifted to a mixed finish. The S&P 500 closed little changed Wednesday after a two-day winning streak erased nearly two-thirds of last week’s steep loss. The Dow Jones Industrial Average fell 0.1%, and the Nasdaq composite edged up 0.1%. Tesla jumped after saying the night ...

Third-grade entrepreneur is already giving back

Elijah Silva, an eight-year old from Hemet, Calif., founded Elijah Cares, a nonprofit that offers free arts and crafts to chi -More- 

Boeing burns through cash as crash victims’ families want it prosecuted

CEO David Calhoun says Boeing is in “a tough moment” as it lost more than half a billion dollars in the first quarter, another sign of the crisis gripping the aircraft manufacturer

More than just a bowl of noodles, ramen in Japan is an experience and a tourist attraction

Spicy, steaming, slurpy, ramen might be everyone’s favorite Japanese food. In Tokyo, there are lines around the block, and the ramen is often cooked right before your eyes behind dingy counters. Ramen also has become more popular around the world. Retail sales in the U.S. have risen 72% since ...

Better risk data should boost confidence in emerging markets

New figures show that default and recovery rates compare favourably with other debt asset classes

Mutual fund managers want more state support

The Association of Investment Management Companies (AIMC) is preparing to ask the government to provide support to the Thai mutual fund industry, citing efforts in Japan and India to boost the growth of their capital markets.

McKinsey faces US criminal investigation over its opioids work

McKinsey & Co is under criminal investigation in the United States over allegations that the consulting firm played a key role in fuelling America’s opioid epidemic.

Quant hedge funds enjoy bumper start to 2024

Trend-followers profit from bets on rocketing cocoa price and against sinking yen

This 'supereasy ramen' recipe shows how easy it is to make the Japanese noodle dish at home

Ramen noodles are so popular that they've become one reason to visit Japan. But ramen can easily be cooked up at home too, especially if you can get the ingredients at a neighborhood Asian grocery store. Japanese culinary expert Rii has a recipe on her Instagram for what she calls supereasy ...

BHP’s clever plan for dealing with Anglo’s poison pills

BHP has approached the embattled Anglo American mining house with an all-scrip offer that would see the group’s most troublesome assets spun off.

TikTok has promised to sue over the potential US ban. What's the legal outlook?

Legislation forcing TikTok’s parent company to sell the video-sharing platform or face a ban in the U.S. has received President Joe Biden’s official signoff. But the newly minted law could face an uphill battle in court. Critics of the sell-or-be-banned ultimatum argue that it violates ...

A lifeline for Canary Wharf

Plus, one UK local council gets wooed by a Monaco hedge fund and Rodolphe Saadé leans into building a media empire

Reopened Nigeria-Niger border promises trade growth

Traders and communities on both sides of the Niger-Nigeria border suffered under ECOWAS sanctions on Niger. Trade has now resumed and a new Chinese-funded railway promises to boost the local economy further.

There Is No TikTok in China, Only Douyin. Here’s What It Is.

ByteDance owns both TikTok and Douyin, and although TikTok has more users around the world, Douyin is the company’s cash cow and a China mainstay.

Airlines count the cost of Boeing’s production slowdown

Higher fares and leaner schedules loom for flyers as 737 Max crisis forces delivery delays

AI could kill call centres, says Tata Consultancy Services boss

Chatbots will soon take over much of the work of human agents, forecasts chief of Indian IT group

What's behind China's gold-buying spree?

For more than a year, China's central bank has been buying up large amounts of gold. The move, along with the wars in Ukraine and Gaza, have helped spike the price of the precious metal to new highs.

Connecticut Senate passes wide-ranging bill to regulate AI. But its fate remains uncertain

The Connecticut Senate has passed one of the first major legislative proposals in the U.S. to reign in bias in artificial intelligence decision-making and protect people from harm. But despite Wednesday's 24-12 vote, it's unclear whether the legislation will ultimately become law. There remains ...

Iran's attack on Israel has muted impact on oil markets

The global economy has so far shrugged off the Iranian strike on Israel. Important markets like oil had already priced in a possible attack. Will the calm last?

Commerce Ministry touts rice sales to many nations

The Commerce Ministry is promoting government-to-government (G2G) sales of rice to Indonesia, while pledging to move ahead with plans to negotiate a similar sale with China.

Canadian winery launches wine in reused glass bottles

Stratus Vineyards, a sustainable winery in Niagara, Canada, released a new premium wine earlier this week for Earth Day, with -More- 

Is Britain suffering from a ‘sick note culture’?

Rishi Sunak has vowed to get people back to work but data indicates problems with the diagnosis — and proposed solution

Europe’s Policymakers Get Ready to Lower Rates, Regardless of the Fed

European Central Bank governors are highlighting cooler inflation as a sign the bank could cut interest rates before the Federal Reserve.

Outcry led to HMRC's helpline closure U-turn

An unexpected “strength of feeling” led to the U-turn over its helpline closure, HMRC's boss tells MPs.

Instagram fraudster 'Jay Mazini' has been sentenced for his crypto scheme that preyed on Muslims

The former Instagram influencer known as “Jay Mazini” has been sentenced to seven years in prison after admitting he stole millions of dollars in various investment scams. Prosecutors say the fraudster stole $8 million from online followers and a network of Muslim New Yorkers he targeted ...

Hyundai takes top honors for EVs in US News ranking

The US News & World Report named the Hyundai Ioniq 6 as the best electric vehicle and the Hyundai Ioniq 5 as the best electri -More- 

Japan’s small EV battery suppliers feel the heat in race for scale

Tokyo urges alliances to stay competitive but companies wary of giving up control

Policymakers set to prepare more AI rules

Policymakers will draw up more new artificial intelligence (AI) rules to prevent the violation of AI ethics and promote AI development through good governance and planned guidelines for generative AI.

Telecoms talk sustainability

Telecoms detailed their strategies to increase their sustainability and fight climate change.  -More- 

Central bank urges banks to help vulnerable

The Bank of Thailand (BoT) is allowing commercial banks to adapt their business models to help vulnerable customers, in response to the prime minister's directive urging large local banks to lower lending interest rates for vulnerable groups and small businesses.

‘To the Future’: Saudi Arabia Spends Big to Become an A.I. Superpower

The oil-rich kingdom is plowing money into glitzy events, computing power and artificial intelligence research, putting it in the middle of an escalating U.S.-China struggle for technological influence.

Flows to European ESG exchange traded funds halve in first quarter

Allocations represented only 16% of total new money garnered by ETFs, down from 65% during ‘highs’ of 2022

BoT urges banks to help vulnerable

The Bank of Thailand is allowing commercial banks to adapt their business models to help vulnerable customers, in response to the prime minister's directive urging large local banks to lower lending interest rates for vulnerable groups and small businesses.

FirstFT: BHP proposes all-stock takeover of Anglo American

Also in today’s newsletter, Meta’s shares tumble and the Chinese group raided by the EU

'It must be done': Elon Musk email says Tesla plans to lay off 10% of workforce

The move could reportedly affect as many as 14,000 workers. 

Avoid ‘outright bans’ on flexible contracts and improve workers’ rights, urges think tank

According to the research, three quarters of employers reported using flexible contracts - although for a variety of different reasons.

US growth likely slowed last quarter but still pointed to a solid economy

The U.S. economy is thought to have extended its surprisingly healthy streak at the start of this year, with consumers still spending freely despite the pressure of high interest rates. The government is expected to report that the gross domestic product grew at a slow but still-decent 2.2% ...

Canary Wharf strikes £550mn financing deal ahead of debt deadlines

Docklands financial estate renegotiates borrowing terms against backdrop of falling office valuations

Car production down 23.1% y/y in March

Car production in Thailand dropped 23.08% in March from a year earlier to 138,331 units, the Federation of Thai Industries said on Thursday.

News24 Business | BHP makes takeover bid for Anglo American

The world’s largest mining company, BHP Group, has made a takeover approach for rival Anglo American, a move that could spark the biggest shakeup in the industry in over a decade.

Kotak Mahindra Bank shares plunge 10% after RBI bars onboarding customers digitally

Shares of Kotak Mahindra Bank dropped by 10% following RBI's temporary pause on new customer onboarding and credit card issuance. Brokerages lowered target prices as the bank's online customer acquisition is affected.

Nationwide wins current account switching battle with record 163,000 customers after £200 offer

Nationwide stormed ahead of its rivals by setting a record for UK current account switches in the final three months of last year, according to new data, as intense competition for deposits among lenders continues into 2024.

Stock market today: BSE Sensex dips 200 points; Nifty50 above 22,350

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Thursday. BSE Sensex dipped 200 points and Nifty50 was near 22,300 levels.

Latest de-peg drama highlights risks of restaking

At its best, Decentralised Finance (DeFi) turns money into composable lego blocks. They can be combined together for different use cases. Players can put other legos on top of each other. The legos have high levels of liquidity, composability and can be used by anyone in a permission-less way. ...

Markets Decline In Early Trade; HUL, Asian Paints, Titan Among Major Laggards

The 30-share BSE Sensex declined 296.79 points to 73,556.15. The NSE Nifty dipped 97.15 points to 22,305.25.

Heartbreak High is a global hit. So why aren’t there more Aussie shows like it?

Despite the series’ global runaway success, the future of rich, locally produced Australian content remains on a knife edge.

Chickens: The latest victims of Bureaucracy Britain

Neil Bennett, co-CEO of H/Advisors and proud chicken owner, takes the Notebook pen to talk about how red tape if affecting his poultry.