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Goldman agrees to sell robo-investing unit to Betterment

Goldman Sachs has agreed to sell Marcus Invest, an automated investment banking service aimed at the mass market, to digital  -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- 

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

SIFMA Member Briefing: The final DOL fiduciary rule -- Friday, April 26

SIFMA members are invited to participate in a member-only briefing on the DOL's final fiduciary rule at 11 a.m.  -More- 

Government scrapped tests on free childcare plan

The National Audit Office says a £35m pilot to test the expansion of free childcare in a few areas was cancelled.

Brain organoids target rare neurological disorder

Technique devised for Timothy syndrome could open way to therapies for other untreatable conditions

New blog: Why the Fed should consider capital markets activities in the Basel III endgame proposal

Capital markets in the US are crucial for funding and risk management, with G-SIBs playing a key role.  -More- 

Roche cuts drug pipeline in effort to revitalise business

Swiss pharma group has jettisoned 16 drugs that ‘don’t have the promise to be transformative medicines’

Boeing posts a $355 million loss as the plane maker tries to dig out from under its latest crisis

Boeing is reporting a $355 million loss for the first quarter. But the CEO said the results announced Wednesday aren't the most important thing right now for Boeing. That's fixing its manufacturing problems, which have been in the spotlight since a door plug blew out of an Alaska Airlines ...

Boeing Loses $355 Million in Latest Quarter

The manufacturer has had to slow production of its popular 737 Max planes after a hole blew open on a jet during an Alaska Airlines flight in January.

PBOC hints of correction if bond rally continues

The People's Bank of China has warned of a reversal in the rally in long-term government bonds, indicating it would correct a -More- 

GSK readies for pivotal ruling in Zantac cases

Judge to decide on admission of evidence as part of litigation that has knocked billions off pharma group’s value

London Metals Exchange to clamp down on Russian metal ‘rent share’ trading games

The LME is seeking to clamp down on 'rent share' warehouse games of trading sanctioned Russian metals.

Norfolk Southern's earnings offer railroad chance to defend its strategy ahead of board vote

Norfolk Southern's first-quarter earnings report Wednesday gave the railroad the opportunity to publicly defend CEO Alan Shaw's strategy again before investors decide on May 9 whether to back him. Since the railroad already preannounced its disappointing results, there were no surprises. ...

The top 4 guitar riffs music store employees hate

When aspiring guitarists want to sound impressive, the riffs they search the web for most often are "Seven Nation Army" by Th -More- 

Microsoft and Amazon face scrutiny from UK competition watchdog over recent AI deals

British competition regulators say they’ll scrutinize recent artificial intelligence deals by Microsoft and Amazon over concerns that the moves could thwart competition in the AI industry. The Competition and Markets Authority said Wednesday it’s looking into Microsoft’s partnership with ...

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.

RBI bars Kotak Mahindra Bank from onboarding fresh customers via online, mobile banking; asks it to stop issuing fresh credit cards

The Reserve Bank of India (RBI) has directed Kotak Mahindra Bank to halt the issuance of new credit cards and onboarding of customers through online and mobile banking channels. This directive comes as a result of regulatory actions concerning compliance and risk management at the bank. ...

Success Story: Meet India's Wealthiest Woman, Daughter of a Billionaire Who Runs a Company Worth Rs 28,773 Crore

Her company's value soaring to an impressive 28,773 crore demonstrates her business acumen and leadership in the corporate world. 

Lift auto-enrolment pension contribution to 12 per cent for £10bn boost, report argues

Auto pension enrolment was one of the key policy wins of the coalition era and essentially made employees automatically pay into their pension pots.

London Underground to face more strikes this week as customer service managers to walk out

The London Underground is set for disruption this Friday and Saturday after customer service managers announced further strike action.

News24 Business | Financial watchdog warns banks not to close accounts on reputational grounds only

FSCA Commissioner Unathi Kamlana says banks should balance the need to prevent illicit financial activity with the moral obligation to ensure access to financial services.

Everybody loves Charlie!

Robert S. sent in this photo of his beloved Charlie Freckles.

KPMG cancels foreign graduate job offers after UK tightens visa rules

Big Four firm’s move prompted by government decision to raise salary threshold for skilled worker admission

Robert Kraft’s Fight Against Antisemitism Began Long Before Oct. 7

The New England Patriots owner said this week that he was “no longer comfortable supporting” Columbia University, his alma mater, which has been roiled by protests.

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- 

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- 

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- 

DOT cracks down on airline 'junk fees' with stronger passenger protections

In an effort to crack down on airlines that charge passengers steep fees to check bags and change flights, the Biden administration announced new regulations aimed at expanding consumer protections.

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. 

Finance Ministry hits back at digital wallet criticism

The Ministry of Finance has reiterated that the government’s flagship digital wallet scheme is not only intended to offer economic relief to vulnerable groups, but also aims to stimulate the economy.

The Latest | Germany will resume working with UN relief agency for Palestinians after a review

Germany says that it plans to follow several other countries in resuming cooperation with the U.N. relief agency for Palestinians in Gaza after the publication of an independent review of its neutrality. The Israeli military meanwhile said Wednesday that it was redeploying two reserve brigades ...

Bird Flu Outbreak in Cattle May Have Begun Months Earlier Than Thought

A single spillover, from a bird to a cow, led to the infections, a review of genetic data has found.

News24 Business | PayU gets nod from Indian Reserve Bank to resume onboarding new merchants

PayU, the global online payments service provider wholly owned by Prosus, has received in-principal authorisation from the Reserve Bank of India (RBI) to operate as a payments provider after a 15-month wait.

Indonesia hikes rate to arrest rupiah slide

The Indonesian central bank on Wednesday raised its benchmark interest rate to a record high, in what is seen as a one-and-done move to support the rupiah that has hit pandemic-era lows.

PMQs sketch: Dowden and Rayner build fragile house of cards 

Deputy Labour leader Angela Rayner’s efforts to bluster her way past deputy prime minister Oliver Dowden’s well-rehearsed jibes fell flat at times. 

Regulator launches three investigations into Microsoft and Amazon

The CMA is worried that big tech partnerships could give the likes of Microsoft and Amazon too much market power and harm competition.

Schroders chief Peter Harrison set to retire next year

The veteran chief of Schroders, Peter Harrison, is set to step down next year after eight years at the helm of the FTSE 100 funds group, the firm announced today.

Russian court orders seizure of $440mn from JPMorgan

Move follows lawsuit from state-owned bank VTB to ‘recover losses’ from America’s largest lender

Attacks on Red Sea shipping forces 66% decline in Suez Canal traffic - ONS

Shipping traffic through the vital Suez Canal artery has plunged by 66% since cargo was forced to divert due to attacks on vessels, according to official figures.

Britain’s competition watchdog killed more deals than the EU’s since 2019

The Competition and Markets Authority has blocked more tie ups than the European Commission every year bar one in the past half a decade.

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 ...

Labor Dept. finalizes fiduciary rule

The Labor Department has finalized its 473-page fiduciary rule, which has a Sept.  -More- 

The Lex Newsletter: Pity the forecasters

Plus, electric vehicles, Embracer, UK asset managers, Prysmian

Inside the Crisis at NPR

Listeners are tuning out. Sponsorship revenue has dipped. A diversity push has generated internal turmoil. Can America’s public radio network turn things around?

Heathrow strikes: Which airlines will be affected and when?

Staff at Heathrow airport are set to strike on the early bank holiday in May, with their union warning planes could be "delayed, disrupted and grounded".

Business Groups Sue to Stop F.T.C. From Banning Noncompete Clauses

The suit was filed the day after the agency announced a rule that prohibits companies from limiting their employees’ ability to work for rivals. It argues that the F.T.C. does not have the authority.

Magic in Mallorca: Why golfers will love Carrossa Hotel & Spa

From touchdown in the capital city of Palma, your destination is just an hour’s drive east.

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.

Specialty grocers Dom's Kitchen & Market and Foxtrot facing class action over layoffs

TikTok for sale: Who can buy it and how much will it cost?

The US mandates a sale for TikTok to keep its American operations running. What are the odds of a sale happening, who has the financial clout to buy, and what hurdles come with acquiring such a social media powerhouse?

Oracle's Larry Ellison says planned Nashville campus will be company's 'world headquarters'

Oracle Corp. CEO Larry Ellison says the business software giant’s planned campus in Nashville, Tennessee, will serve as its world headquarters and place it in a city that's a center of the health care industry. Ellison spoke about Oracle’s plans for its Nashville offices during ...

HP become Ferrari chief partner as F1 team change name

The iconic Prancing Horse of Ferrari’s F1 team will now be known as Scuderia Ferrari HP after announcing a new title partnership deal with Hewlett Packard. The tech firm will feature on Ferrari branding from the next Grand Prix, in Miami next week, and is understood to be worth well over ...

Biden campaign will continue to use TikTok despite divest-or-ban law

US president’s campaign has posted on Chinese-owned video app in attempt to appeal to younger voters

Haaland out of Brighton match as Man City chase Premier League title

Manchester City striker Erling Haaland will miss tonight’s clash with Brighton and Hove Albion having missed his side’s FA Cup semi-final victory at the weekend. The Norwegian is out of the Premier League tie at the Amex Stadium this evening with a muscle problem. Manager Pep Guardiola ...

Oilfield service leaders outperform in Q1

Oilfield services giant Halliburton announced first-quarter earnings of $679 million, its strongest performance for that peri -More- 

API Training Course - API 570 & RP 574: Piping Inspection Code and Practices

This course is designed for novice inspectors, engineers and other personnel who are starting, changing or expanding their ca -More- 

The ‘gender health gap’ shortens lives and costs billions

Neglecting women’s pain affects the entire medical pipeline, from research to diagnosis and treatment

Quinta do Lago: World-class golf in a five-star setting

Quinta do Lago boasts three courses and is set in Ria Formosa Natural Park.

Republica Havas names Anthony Bianco COO, Marcela Maurer chief brands officer

Bianco will coordinate with other parts of the Havas network, while Maurer will serve as a point person for clients.

Biden picks up another big union endorsement, this one from building trades workers

The North America’s Building Trades Unions has endorsed President Joe Biden. It adds to Biden's roster of support from organized labor. The Democratic president and union leaders used the endorsement event Wednesday to torch Donald Trump's carefully crafted image as a successful real estate ...

Has Rafael Nadal competed in his last French Open before retirement?

Rafael Nadal could miss the French Open this year in what could be his final season on the tennis circuit, the Spaniard has revealed. Nadal has said previously that 2024 would be his last year on the ATP Tour and at the majors, with many expecting the 22-time Grand Slam champion to bow out ...

Liverpool open talks with Feyenoord over Slot replacing Klopp

Liverpool have opened talks with Feyenoord about the possibility of hiring their manager Arne Slot as the Merseyside club look to replace the departing Jurgen Klopp. German Klopp announced in January that he’d be standing down as manager at the end of the season but the club has been in no ...

Insider trading: In Silicon Valley, you can be worth billions and it’s not enough

Andreas Bechtolsheim, the first investor in Google, has an estimated $25 billion fortune. He recently settled charges that he engaged in insider trading for a profit of $US415,726.

Sunak promise to boost UK defence spending raises prospect of cuts

Economists and opposition question how government will lift MoD share of GDP to 2.5% and find extra £75bn

Oil sprays from an ANA flight carrying 213 people as it lands in northern Japan

Airline officials say oil sprayed from an All Nippon Airways plane as it landed in northern Japan, but none of the 213 people on board was injured. They say the nonflammable oil from a control system evaporated as it contacted a hot engine, giving the appearance of smoke. The ANA officials say ...

Employee non-compete ban challenged in court by US business groups

Lawsuit from US Chamber of Commerce and other groups argues rule approved by FTC will hurt business and economy

Binance Founder Should Get Three Years in Prison, Prosecutors Say

Defense lawyers for Changpeng Zhao, the founder of the crypto exchange Binance, countered that he should receive no prison time.

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.

Solar giants seek high US tariffs on Asean panels

Some of the world’s largest solar equipment makers are asking the US government to impose steep tariffs on panels and cells from four Asian countries — Malaysia, Cambodia, Vietnam and Thailand — as they seek to protect billions of dollars in investments in US manufacturing.

Insider trading ruling is a warning for executives who get creative

Admonitions about staff trading in their employer’s shares may now need to be broadened

Wednesday evening news briefing: Teenage girl arrested after two teachers and pupil stabbed

Dimon on "cautious side" of soft landing

JPMorgan Chase CEO Jamie Dimon says he is "on the cautious side" of the economy's ability to achieve a soft landing, despite  -More- 

Global recovery more balanced as US growth slows

US private sector activity slowed in April, while surveys in the eurozone, Japan, India and Australia pointed to growth.  -More- 

Automation, AI may ease US accounting shortage

Companies have been facing a shortage of accountants for years, and the pipeline of skilled workers does not appear to be gro -More- 

Honesty can be the best policy at work

Truth-telling at work can alleviate a lot of problems down the road, such as a deadline that can't possibly be made, but it n -More- 

Setback For Kotak Mahindra Bank, RBI Bars It From Onboarding Customers Online, Issuing Credit Cards

The RBI said it took the action under Section 35A of the Banking Regulation Act, 1949.

BlackRock: Transition investment must hit $4T per year

The world invested $1.8 trillion in the energy transition last year, but that figure needs to hit $4 trillion per year by 203 -More- 

House panel seeks details from DOE on LNG pause, studies

In a letter to Energy Secretary Jennifer Granholm, Republican lawmakers on the House Committee on Science, Space and Technolo -More- 

New tool estimates inactive wells' methane leak potential

A newly validated tool developed by Pennsylvania State University researchers can predict the methane leakage potential of de -More- 

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

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

Investors in London-listed medical tech firm continue battle to oust top brass

Investors in a London-listed medical technology firm are continuing their campaign to oust the company’s top brass as its share price languishes. 

Biden just signed a bill that could ban TikTok. His campaign plans to stay on the app anyway

WASHINGTON (AP) — When President Joe Biden showed off his putting during a campaign stop at a public golf course in Michigan last month, the moment was captured on TikTok. Forced inside by a rainstorm, he competed with 13-year-old Hurley “HJ” Coleman IV to make putts on a practice mat. ...

Golin posts double-digit revenue growth in Q1

IPG’s PR firms ranged from mid-single-digit to double-digit growth in the period.

Cocaine: Drug kingpin found guilty of smuggling £132m-worth into Britain disguised as ink

Jonathan Strogylos was found guilty at Isleworth Crown Court this week after being identified as the ringleader of a large-scale illegal operation.

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.

More than 1 in 4 US adults over age 50 say they expect to never retire, an AARP study finds

More than one-quarter of U.S. adults over age 50 say they expect to never retire and 70% are concerned about prices rising faster than their income. That according to findings in an AARP survey that was released Wednesday. About 1 in 4 have no retirement savings. The research shows how ...

The plate as palette: Set the table and the mood with the latest in creative dishware

The way a dish looks has been important to the dining experience since forever, but perhaps never more than now. Relaxed and homey. Or vibrant and celebratory. And perhaps shareable, too. “Chefs know that guests spend a lot of time looking at their plates,” says Chandra Ram, associate ...

The Coca-Cola Company announces 5-year AI partnership with Microsoft

As part of the strategic partnership, the brands will experiment with Microsoft AI technology to develop and implement generative AI use cases.

The women-only co-working spaces fighting to survive

Women-only co-working spaces are part of the new hybrid working landscape, but they divide opinion.

Solar Companies Seek New U.S. Tariffs on Asian Imports

Firms warn that China uses its neighbors to skirt existing levies, depressing prices and threatening U.S. investments.

'We aren't going anywhere' - TikTok vows court fight as new US law threatens to ban it

TikTok has promised a court battle over a new law that threatens to ban it in the US - with the app's boss saying "we aren't going anywhere".

TikTok bows to European pressure and halts reward feature on new app in France and Spain

TikTok is halting a feature on its new app rewarding users in Europe for watching videos, after facing pressure from regulators worried about its addictive features. The company backed down days after the European Union warned that the TikTok Lite app might have breached the 27-nation bloc’s ...

Permian fuels oil, gas deal-making frenzy in Q1

The Permian Basin was the top driver of a record $51 billion in US oil and natural gas deals during the first quarter, extend -More- 

Mountain Valley gas pipeline nears service

The developers of the 303-mile Mountain Valley gas pipeline have asked the Federal Energy Regulatory Commission to authorize  -More- 

Who Stands to Gain from a TikTok Ban

The Senate has finally passed a law that could bar the video-sharing app in the U.S., leaving some tech giants in pole position to profit — or pounce.

US crude, gasoline inventories down in latest API data

The American Petroleum Institute has reported that crude oil stockpiles declined by 3.23 million barrels last week, defying a -More- 

Cybersecurity lapses threaten maritime oil, gas ops

Outdated IT and OT infrastructure, inadequate cybersecurity controls and vulnerabilities in critical software are exacerbatin -More- 

India’s central bank bans Kotak Mahindra from signing up digital customers

The RBI is stepping up efforts to crack down on the consumer-finance sector

Take a golf voyage of discovery at Costa Navarino

It offers a combination of world-class golf, five-star accommodation and numerous leisure and lifestyle facilities.

Discover Europe’s Best New Golf Course at Terras da Comporta

It may have only opened in October last year but the course has wasted no time in establishing itself as one of the new stars of world golf.

With lawsuits in rearview mirror, Disney World government gets back to being boring

For the first time in more than a year, the monthly board meeting of Walt Disney World’s governing district was back to being what many municipal government forums often are — boring. There were no rants against Disney by the board’s chairman nor demands by local opponents for board ...

Poland's prosecutor general says previous government used spyware against hundreds of people

Poland’s prosecutor general has told the parliament that powerful Pegasus spyware was used against hundreds of people during the former government in Poland. Among them were elected officials. Adam Bodnar told lawmakers on Wednesday that he found the scale of the surveillance “shocking and ...

Beef From Dairy Cows? It Could Be a Lifeline for American Farmers.

Letting milk cows graze longer can produce superior beef — a largely European practice that is now gaining ground in America.

Barbara Walters forged a path for women in journalism, but not without paying a price

Walters was the first woman to co-anchor a national news show on prime time television. "The path she cut is one that many of us have followed," says biographer Susan Page, author of Rulebreaker.

Spain’s LaLiga vows to push ahead with matches in the US

Regular season LaLiga matches could be played in the US within two years after the Spanish league’s president confirmed they intend to push ahead with plans. LaLiga has been at the forefront of discussions about the staging of regular season matches overseas, with the US seen as among the ...

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- 

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- 

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- 

Va. university to use $625K for neurodiverse program

Virginia Wesleyan University plans to use a $625,000 federal grant to open a Center for Career Development and Neurodiversity -More- 

Respect employees' personal time to prevent problems

Leaders may be missing the mark if they routinely establish unrealistic expectations, frequently contact employees after hour -More- 

Pensioners' fears over paying income tax

Charities report heightened concern among pensioners who fear being dragged into paying income tax.

New California rule aims to limit health care cost increases to 3% annually

A new rule in California aims to limit health care price increases to just 3% each year. The Health Care Affordability Board approved the rule on Wednesday. It sets a statewide cost growth target of 3% each year. The Office of Health Care Affordability would gather data to monitor compliance. ...

IHI rigged data for over 4,000 engines at least since 2003

Japanese leading engine maker IHI Corp said Wednesday a subsidiary has falsified fuel efficiency data for 4,361 engines, mostly for ships, produced at least since 2003 for the…

Office demand turns negative in 1st quarter

The office market recorded negative absorption in the first quarter of 2024, ending a consecutive seven-quarter rise from mid-2022, as demand shifted from non-green to green spaces and downsized offices, according to property consultant Knight Frank Thailand.

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.

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.

How robots are taking over warehouse work

At Ocado's newest warehouse robotic arms are helping to pack customer orders.

Can US wind manufacturing get up to speed fast enough?

The US is expected to add 7 gigawatts of new capacity in 2023 and 11GW in 2025, per Wood Mackenzie, and onshore wind componen -More- 

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.

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 shares fall as it predicts higher expenditure on AI

Facebook and Instagram parent steps up investment as Big Tech jockeys for position in the sector

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

Ogilvy launches health influencer marketing offering

Health Influence will combine Ogilvy PR’s global influencer team with experts from Ogilvy Health.

Ford's 1Q net income falls 24% as combustion engine unit sees sales and revenue decline

Ford Motor Co.’s first-quarter net income fell 24% from a year ago as the company’s combustion engine vehicle unit saw revenue and sales decline. The Dearborn, Michigan, automaker said it made $1.33 billion from January through March, compared with $1.76 billion a year earlier. Excluding ...

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- 

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- 

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- 

FTC moves to prohibit noncompetes for many workers

In a 3-2 vote, the Federal Trade Commission approved a rule prohibiting the use of noncompete provisions for many workers, al -More- 

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- 

Kenvue hires Russell Dyer as chief corporate affairs officer

Dyer was previously Mondelez International’s comms head for more than eight years.

Wall Street rally stalls before GDP figures; ASX closed

Wall Street struggled to gain traction as traders gearing up for key economic data and awaited Facebook parent Meta’s result, which sent the stock tanking in after-hours trading.

Labour pledges to fully renationalise rail network

Opposition says it will roll out reforms within first term if it wins UK general election

A startup hopes to use a 1970s discovery to bring a male contraceptive to market

A research lab in Flagstaff, Ariz., is trying to leverage a 1970s discovery into a safe and desirable alternative for men who want to prevent pregnancy.

The boom and bust of esports

The origins of competitive gaming are rooted in college campuses going back to the early 1970s. Now a globally popular industry, esports is at the center of many questions about long-term financial viability. Today, we dive deep into the hype surrounding esports and why the luster seems ...

Volkswagen revamps its approach in China in bid to overtake upstart EV makers

As auto giant Volkswagen AG races to catch up with upstart Chinese competitors, it has drivers like 26-year-old Ren Yiling in mind. She is young and wants to…

Jefferies boss unloads $65mn in stock to buy a customer’s yacht

Purchase shines light on wealth accumulated by longtime CEO Rich Handler

McKinsey Is Under Criminal Investigation for Its Opioid Work

Federal prosecutors are examining the consulting company’s role in helping “turbocharge” the sale of painkillers like OxyContin.

BHP proposes takeover of Anglo-American in mining mega-deal

Combination would bring together two of the leading players in the industry

Right-to-repair legislation could reduce e-waste

Electronic manufacturers like Apple currently make it difficult to repair existing products, forcing consumers to buy new, bu -More- 

The thorny issue of digital wallet funding

The coalition government led by Prime Minister Srettha Thavisin made a significant pivot on its flagship scheme, which aims to hands out 10,000 baht each to 50 million Thais via a digital wallet, shifting from government borrowing, which drew sharp criticism and raised concerns about potential ...

How US changes to 'noncompete' agreements and overtime pay could affect workers

For millions of American workers, the federal government took two actions this week that could bestow potentially far-reaching benefits. In one move, the Federal Trade Commission voted to ban noncompete agreements, which bar millions of workers from leaving their employers for a specific period ...

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

College Protesters Make Divestment From Israel a Rallying Cry

The campaign is likely to have a negligible impact on the companies or Israel, but activists see divestment as a clear and achievable way to force colleges to take action on the issue.

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 ...

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 ...

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.

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.

Meta more than doubles Q1 profit but revenue guidance pulls shares down after-hours

Facebook and Instagram parent company Meta says its first-quarter profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its platforms. But its shares dropped sharply in after-hours trading following lukewarm revenue guidance. Meta ...

As I look back on the last two years as an entrepreneur, I realize that the biggest rewards have come from what was once my biggest fear, failure.

Sloane Heffernan, founder of Storymore, writing in WRAL TechWire

New regulations offer protections for pregnant workers

Final regulations recently issued by the Equal Employment Opportunity Commission focus on implementation of the Pregnant Work -More- 

McKinsey faces US criminal investigation over opioid industry work

Grand jury set up to hear evidence on consulting for drugmakers tied to addiction epidemic

The UAW's decade-long fight to form a union at VW's Chattanooga plant

(Note: This episode originally ran in 2023.) Union membership in the U.S. has been declining for decades. But, in 2022, support for unions among Americans was the highest it's been in decades. This dissonance is due, in part, to the difficulties of one important phase in the life cycle of a ...

Gateway Pundit files for bankruptcy after election conspiracy defamation lawsuits

The influential website faced multiple defamation suits over conspiracy theories about 2020 election fraud that it's accused of promoting.

Lloyds hit as banks compete for mortgage customers

The banking group's results showed it had made less money from loans and mortgages compared with last year.

TikTok vows to fight 'unconstitutional' US ban

The app faces being banned or sold in the US because of national security concerns.

UK imposes sustainable fuel targets on airlines

Move is expected to push up prices as aircraft switch to 10% blend of greener fuels by 2030

Labour pledges to renationalise most rail services within first term

The party says it offers the "biggest overhaul in a generation" but ministers brand it "pointless".

Telecoms talk sustainability

Telecoms detailed their strategies to increase their sustainability and fight climate change.  -More- 

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 ...

FDA Approves Antibiotic to Treat Urinary Infections

Pivmecillinam, which has been used in Europe for decades, will become available next year to women 18 and older.

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.

Meta’s Profits More Than Double, While Spending on A.I. Rises

The owner of Facebook, Instagram and WhatsApp continued to grow, even as it said it would spend billions of dollars more on artificial intelligence.

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 ...

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 ...

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 ...

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- 

FTSE 100 today: London markets set to open lower amid Meta-induced tech rout

US stocks saw a slight rise amid volatility. Asian stocks declined as Meta reignited tech sell-off, and the Japanese yen dropped below ¥155. Meta's stock fell 15 per cent, contributing to market turbulence. Despite this, oil and gold prices held steady. Investors now await US Q1 GDP data and ...

Meta’s stock tanks 15 per cent as AI spending rises, revenue outlook fails to impress

Shares of Meta, the parent company of Facebook and Instagram, experienced a significant drop of more than 15 per cent during after-hours trading.

Labour promises publicly owned rail - as Tories slam 'unfunded nationalisation'

Labour will promise to deliver the biggest shake-up to rail "in a generation" by establishing the long-delayed Great British Railways (GBR) organisation and bringing routes back into public ownership.

Square Mile and Me: Workspace CEO Graham Clemett looks back at his career

Graham Clemett, CEO of Workspace Group, takes us through his career in the Square Mile ahead of his upcoming retirement.

European commercial real estate deal making slumps to 13-year low

Seventh successive quarter of declining volumes dashes hopes for revival as high interest rates continue to bite

If Labour really want to win, they must keep Liz Truss in the news

Not only was Truss’ premiership a disaster, she embodies traits many people hate about the modern Tory party. Labour should keep reminding people of that, and there’s an old trick they can use to do it, says Will Cooling If there is one bias that the media has, a bias that is literally ...

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- 

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- 

ECA: EU may fall short of net-zero emissions goal

The European Court of Auditors says the EU is at risk of falling short of its net zero goals for 2050.  -More- 

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 ...

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 ...

New EU cybersecurity rules push carmakers to shun old models

New rules for automotive cybersecurity will come into effect in Europe this summer. The tougher electronic safety requirements are forcing several car manufacturers to streamline their offerings.

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.

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

Bengaluru Man Loses Rs 5.2 Crore After Clicking WhatsApp Link To Download Stock Market App

The 52-year-old man from Bengaluru's Jayanagar was approached by fraudsters on various modes --Whatsapp group, phone calls prominsing high-return investments opportunity, that led to siphoning off Rs 5.2 crore.

The ambitions of China’s BYD stretch well beyond electric vehicles

The company’s global plans range from solar modules and electric buses, trucks and trains to complex transport systems. But is it trying to do too much?

Quant hedge funds enjoy bumper start to 2024

Trend-followers profit from bets on rocketing cocoa price and against sinking yen

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.

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 ...

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.

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

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.

Social media drives UK online ad spend to highest level ever

Total ad spend rose six per cent in 2023 to £36.6bn, although this translated to a 1.2 per cent contraction after accounting for inflation.

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.

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.

Ed Warner: How do we value sport and the draw of much needed money

After World Athletics announced it would be paying its Olympic gold medallists, a fresh debate has opened up around money for our athletes and the draw of cash in sport for bodies. Ed Warner writes. The British Olympic Association seats its gold medallists in the front of the plane carrying its ...

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.

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.

Apple is cutting hundreds of workers in SF Bay Area

Apple is cutting hundreds of its employees based in California's Silicon Valley.

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?

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.

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.

Meta proves AI hype has its limits

Artificial intelligence is a multibillion-dollar project with no clear timeline for revenues

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.

Canary Wharf strikes £550mn financing deal ahead of debt deadlines

Docklands financial estate renegotiates borrowing terms against backdrop of falling office valuations

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

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

Better risk data should boost confidence in emerging markets

New figures show that default and recovery rates compare favourably with other debt asset classes

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.

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.

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 ...

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% ...

Antony Blinken Visits China

Tensions over economic ties are running high, threatening to disrupt a fragile cooperation between the U.S. and China.

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.

CBI boss: Britain ‘can’t rest on laurels’ in growth industries like life sciences and net zero

The UK “can’t rest on our laurels” in high-growth industries like life sciences and net zero, the boss of Confederation of British Industry (CBI) is to say.

UK dividends jump five per cent in first quarter as airlines bounce back

UK dividends grew by 4.9 per cent in the first three months of 2024, reaching £15.6bn thanks to one-off special dividends.

Andrew Tyrie: How greater competition could spur productivity growth

"The UK government does not have a framework in place for monitoring levels of competition in the economy that’s fit for purpose," Lord Tyrie said. "It badly needs one".

How damage to the UK’s nature could knock £300bn off GDP

Damage to nature in the UK could contribute to a hit to the economy larger than the financial crisis or the Covid-19 pandemic, new research has shown.

City Hall: Sadiq Khan tells Londoners to judge him on his transport policies on May 2

Sadiq Khan has told Londoners to judge him on his record on transport policies, including cycle superhighways and low traffic neighbourhoods, on May 2.

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.

TikTok ban in US: How China may retaliate

The Chinese government, under President Xi Jinping, has maintained a measured response to a series of US trade restrictions during a politically charged election season in the US. This restrained approach has been facilitated by President Biden's implementation of largely symbolic measures, ...

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.

Airlines count the cost of Boeing’s production slowdown

Higher fares and leaner schedules loom for flyers as 737 Max crisis forces delivery delays

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

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 ...

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.

Worst corporate jargon of the week: Mission

Offender: Mission  Every one of us has been an email chain which is borderline unintelligible for the amount of corporate lingo thrown in there. At City A.M., we’re taking a stand and calling out the worst jargon which travels around the City faster than you can drink an overpriced pint. ...

As Getir leaves the UK, can challengers crack the grocery delivery market?

Just a few years after Getir entered the UK market during the Covid-19 pandemic, the brand is reportedly preparing to leave. The grocery delivery service’s exit is set to be announced this week, following its departure from Spain, France, and Italy earlier this year. So how did Getir get ...

If Hustle was on TV today, the first mark would be Boris Johnson

Hustle aw corrupt bankers get their comeuppance in the wake of the financial crash. Today's villains aren't businessmen but politician

Persimmon ‘on track’ to build 10,500 homes this year as property market recovers

Persimmon said it is on track to build between 10,000 and 10,500 properties this year, in the latest signal of green shoots emerging in the market despite interest rates remaining high. 

Engineering group Weir sees bright future for mining as 2024 orders tick up

Weir Group said it is on track to reduce company costs by £60m and grow operating margin to 20 per cent by 2026.

Have the @Paytm UPI handle? Here’s how you can activate a new UPI ID on the Paytm app

RBI restricts Paytm Payments Bank from receiving money post-March 15, 2024. Users must switch from '@paytm' UPI handles to new ones like '@ptsbi' for SBI. Paytm integrates with major banks under NPCI's approval.

SET chairman’s exit could pave way for cabinet post

Stock Exchange of Thailand chairman Pichai Chunhavajira has resigned in a move that is seen as paving the way for his appointment as finance minister in a cabinet reshuffle.

Two of the five horses which ran loose through London are in a ‘serious condition’

This comes after a total of five Army horses were seen galloping through the streets of London on Wednesday, with four soldiers injured, after being thrown by them.

How TikTok’s Chinese owners took firmer control ahead of US ban

Insiders say operations directed by ByteDance are leading to growing culture clash with American staff

London Stock Exchange owner’s growth meets estimates as it leans into Microsoft data deal

The London Stock Exchange Group (LSEG) has reported first-quarter growth in line with analysts' estimates as it plans to start releasing products from its tie-up with Microsoft in the coming months.

Amazon warehouse workers in Alabama might get a third try at unionizing

Federal officials threw out the first vote, ruling that Amazon improperly interfered. The results of the second vote remain inconclusive. The federal government now determines what happens next.

Astrazeneca’s revenue surges as pipeline investments pay off

Pascal Soriot, chief executive officer of AstraZeneca, said: "Astrazeneca had a very strong start in 2024 with substantial total revenue growth of 19 per cent in the first quarter.

Biden is giving $6 billion to Micron for a semiconductor project in upstate New York

The Micron project comes after the White House has announced massive investments for Intel, TSMC and Samsung in recent weeks using funds from the 2022 CHIPS and Science Act.

Sainsbury's 'winning over shoppers from rivals' as profits rise

Sainsbury's has claimed it is winning over customers from its rivals after reporting higher than expected profits.

As Biden celebrates computer chip factories, voters wait for the promised production to start

President Joe Biden has a great economic story to tell voters a decade from now — less so in 2024. On Thursday, the Democratic president will head to upstate New York to celebrate Micron Technology’s plans to build a campus of computer chip factories made possible in part with government ...

Hermès sales and China demand defy luxury slowdown

Maker of Birkin bags beats expectations with strong sales of leather goods and jewellery

The National Enquirer’s Parent Company Struggles To Find A Buyer

The parent company for The Enquirer, the tabloid now famous for its ties to former President Donald J. Trump, has tried repeatedly to sell the publication. It hasn’t been easy.

Drugmaker Indivior seeks shareholder approval to move primary listing from London to New York

Opioid dependence treatment maker Indivior has confirmed a plan to move its primary stock market listing from London to New York this summer in yet another blow to the capital's beleaguered bourse.

Nestlé hit by slowing frozen pizza sales in North America

US consumers’ changing habits in response to high prices takes toll on demand

Labour would renationalisation rail in bid to save British taxpayer £2.2bn a year

Renationalising the railways will save the taxpayer £2.2bn every year, Labour’s shadow transport secretary has claimed, thanks to “significant efficiencies”.

News24 Business | Anglo leaps 16% as BHP says R743bn offer will offer 'immediate' value

BHP has confirmed a proposed all-share offer to acquire Anglo American at a substantial premium to the market value.

Nissan unveils four NEV concepts at Beijing auto show

Nissan Motor Co on Thursday unveiled four new energy vehicle (NEV) concepts and showcased a strong lineup of electrified models at Auto China 2024 under the theme of…

Hydrocracking technology can produce SAF at lower costs: Honeywell

Honeywell's hydrocracking technology enables SAF production with reduced carbon intensity. The company's innovations align with aviation industry standards and contribute to the goal of achieving net zero carbon emissions from international aviation by 2050.

Ex-senior boss van den Bogerd 'truly sorry' for Post Office scandal

Angela van den Bogerd, who handled complaints about the bug-prone Horizon system, is giving evidence to the inquiry.

Is China stockpiling oil and other resources in case of future war?

Tankers in Dongying discharge Russian oil for China's reserves, exceeding US. Amid rising Russian imports post Ukraine invasion, China consumes 14M barrels/day, preparing for potential future conflicts and building strategic stockpiles.

How a Pirate-Clad Pastor Helped Ignite Trump Media’s Market Frenzy

Chad Nedohin, a part-time pastor, is among the fans of Donald J. Trump who helped turn Trump Media into a meme stock with volatile prices.

With New Salt and Sugar Limits, School Cafeterias Are ‘Cringing’

Many parents and nutritionists applauded stricter federal regulations, but food companies say the changes could increase costs and waste.

Warehouse REIT boosts quarterly income 30 per cent with rent hikes

Warehouse REIT, the real estate investment trust, boosted its rental income for the quarter by over 30 per cent after renegotiating its warehouse rents. In a trading update covering the first three months of 2024, the trust said it had completed 22 transactions, securing £1.4m of contracted ...

New rules require airlines to automatically refund consumers for cancelled flights in US

US Department of Transportation mandates automatic refunds for flight changes, impacting low-cost carriers. Seaport Research highlights potential consequences. Airlines for America underscores commitment to consumer protection and affordability.

Banks to cut rates by 25 bps for 'vulnerable groups'

Banks will cut lending rates by 25 basis points for vulnerable groups for a period of six months, the Thai bankers' association said on Thursday, responding to a government request to help small businesses.

China’s edge in flying cars and an Asian tag-team in AI

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

Meta shares sink after it reveals spending plans

The firm said expenses would be higher this year as it spends heavily on artificial intelligence.

Anglo American mulls £31.1bn BHP offer in mining mega-deal

BHP now has until 5pm on 22nd May to either announce a firm offer for Anglo or that it does not intend to make an official bid.

Unilever thanks ‘power brands’ for sales bump as Marmite-maker steams ahead with turnaround plan

Consumer giant Unilever said sales of its most popular brands such as Dove soap helped drive growth in the first quarter, in the businesses first trading update since announcing plans to sell its ice-cream arm. 

Hipgnosis bidding battle hots up as Concord pips Blackstone bid

This comes after Blackstone the board of Hipgnosis had said it would be “minded” to switch horses in a takeover battle should a firm offer from US private equity giant Blackstone arrive, over the weekend.

Barclays profit drops on lower lending income as investment bank struggles

Barclays has reported an 11 per cent drop in profit as the boost from higher interest rates fade and its investment bank underperforms its Wall Street rivals.

Sales down at Nestle after price hikes

Nestle, the world's biggest packaged food company, has reported a fall in sales after hiking its prices.

Electric cars and digital connectivity dominate at Beijing auto show

Global automakers and EV startups are unveiling new models and concept cars at China’s largest auto show, with a focus on the nation’s transformation into a major market and production base for digitally connected, new-energy vehicles. Toyota and Nissan both announced tie-ups with major ...

News24 Business | Clicks posts pleasing results, bolstered by private-label sales

Shares in Clicks rose just over 3% on Thursday after it hiked interim dividend 13% on strong earnings growth as it gained market share across its key beauty and health categories and strengthened margins.

Schroders posts rise in assets as it looks to rebound from ‘challenging’ year

Schroders has reported an uptick in assets under management during the first three months of this year as it looks to rebound from a challenging 2023.

Hikma: Pharma giant starts year strong as new product sales surge in key markets

In 2023, the group became the second-largest pharmaceutical company in Middle East and North Africa by sales.

Aston Martin DBX707 updated with fresh interior and new tech

The Aston Martin DBX707 has received a comprehensive range of interior upgrades for 2024. The British company’s flagship SUV already offered class-leading power and performance when launched in 2022, but its infotainment tech could hardly be described as cutting-edge. That has all changed ...

Record revenue at former BBC Dragons’ Den star Duncan Bannatyne’s health and hotels group

The health club and hotels group owned by former BBC Dragons' Den investor Duncan Bannatyne has a record revenue and its highest profit since before the pandemic.

BCW, H&K, FGS - how did WPP PR agencies fare in Q1?

Revenue in WPP's PR division fell 3.3 per cent on a like-for-like basis in the first quarter of 2024.

Mining Giant BHP Makes $39 Billion Bid for Rival Anglo American

The deal would create one of the largest copper miners at a time when demand is soaring for the metal used for many green technologies.

Ex-Post Office boss "opposed stopping prosecutions"

The former Post Office boss was against stopping postmaster prosecutions in 2013, former top lawyer says.

Good signal for Indian IT sector job seekers: Contractual hiring shows demand uptick

India's information technology companies are seeing a surge in contractual hiring, indicating improvements in the demand environment for IT services providers. The uptick in contractual hiring follows a period of subdued demand and layoffs in the sector.

American Airlines passenger alleges discrimination over use of first-class restroom

In a complaint to the airline, Pamela Hill-Veal, a retired judge, says that while on a Chicago-to-Phoenix flight, a flight attendant berated her and accused her of slamming the lavatory door.

Elite global firm McKinsey in US Justice Department hot chair over Opioid crisis

Consultancy firm McKinsey has been placed under criminal investigation in the US over its role in the country's Opioid crisis.

Families push the Justice Department to hold Boeing accountable for crashes

Five years after two 737 MAX crashes killed 346 people, some victims' families are still fighting a legal battle against Boeing. They met Wednesday with prosecutors at the Justice Department.

Examining the growing gap in the U.S.-China relationship

China, the world'sNo. 2 economy, is still adjusting to life after the pandemic. It is less focused on promoting consumer spending because of the growing competition with the U.S. and its allies.

Lok Sabha polls 2024 bank holidays: Banks in these cities will be closed on April 26 for general elections Phase 2

Bank holidays on April 26, 2024, for Lok Sabha Election 2024. RBI classifies holidays; online banking services usable. Karnataka High Court declares public holidays for election days. Second phase details for Assam, Bihar included.

Shoppers are playing a large part in the continued growth of the U.S. economy

The Commerce Department reports Thursday on economic growth for January, February and March. Robust consumer spending is helping to keep the economy chugging along.

When Foxtrot abrupty closed, TikTok was the place to go to vent

When the bodega-style chain Foxtrot announced it was closing all locations in the middle of the workday, customers, employees and vendors took to TikTok to express their frustrations.

Ship comes under attack off coast of Yemen as Houthi rebel campaign appears to gain new speed

A ship traveling in the Gulf of Aden has come under attack, the latest assault likely carried out by Yemen’s Houthi rebels over Israel’s ongoing war on Hamas in the Gaza Strip. The attack comes after the U.S. military said early Thursday an allied warship shot down a Houthi missile ...

Tough new EPA rules would force coal-fired power plants to capture emissions or shut down

A rule issued by the Environmental Protection Agency would force power plants fueled by coal or natural gas to capture smokestack emissions or shut down. The new limits unveiled Thursday on greenhouse gas emissions from fossil fuel-powered electric plants are the Biden administration’s most ...

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. ...

Trading helps lift Deutsche Bank to highest quarterly profit in 11 years

First quarter net income increased by 10% from a year earlier to €1.45bn

Stock market today: Asian benchmarks mostly slide as investors focus on earnings

Asian shares are mostly lower as investors look ahead to a flood of global earnings reports, including from U.S. companies known as the “Magnificent Seven.” Shares fell Thursday in Tokyo and Seoul, while being little changed in Shanghai. Trading was closed in Australia for a national ...

Asian benchmarks mostly slide as investors focus on earnings

Asian shares mostly declined Thursday as investors awaited a flood of global earnings reports, including updates from U.S. tech companies known as the “Magnificent Seven.” Japan's benchmark Nikkei…

Sainsbury's boosted by strong food sales

The UK's second largest supermarket has spent heavily to keep prices low but clothing sales fell.

N.F.L. Draft Is Like Super Bowl for City of Detroit

Places that are not usual sites for the league’s marquee game are jumping at the chance to be the host of its three-day draft.

Shares in De Beers owner surge after takeover approach

British mining heavyweight Anglo American surged as trading began on the FTSE 100 after it confirmed it is  “reviewing” a takeover bid from its larger Australian rival BHP. ]]>

Sainsbury’s predicts profit to exceed £1bn as Aldi price-matching pays off

Supermarket Sainsbury’s expects profits to exceed £1bn this year as it continues to win shoppers with loyalty card and Aldi price matching schemes. 

Drax trading on track for the year as it awaits Westminster’s carbon capture sign-off

Drax awaits the green light from the government on a bridging mechanism for its carbon capture project

WPP expects to return to growth in second-half as AI tools ‘deployed at scale’

For the full year, the company said it expected to report like-for-like revenue growth less pass-through costs of zero to one per cent.

John Barnes banned as company director over taxes

John Barnes Media Ltd failed to pay £190,000 in taxes despite a turnover of over £400,000.

Barclays profits drop on savers switching and mortgage margin squeeze

First-quarter earnings decline 13% but beat analysts’ expectations

News24 Business | Lightning kills over 260 people a year in SA - but weather service says new French partner can help

The South African Weather Service is partnering with French company Meteorage to improve the use of lightning data for the safety of people, animals and infrastructure.

Mortgage and valuation giant LSL Property Services continues strong start to 2024 with share buyback

LSL Property Services, one of the largest providers of mortgage and valuation services, has continued its strong start to 2024, surpassing analyst expectations.

Mix of factors signal possible relief at the pump

Easing geopolitical tensions, Russia's swift refinery repairs and the end of US refinery maintenance season are expected to h -More- 

Profits surge at Michael McIntyre and Jonathan Ross talent agency after international tour success

The talent agency that represents stars such as Michael McIntyre and Jonathan Ross has seen a surge in its turnover and profits after the success of an international tour.

Pinewood Technologies pivots to software after sale of legacy Pendragon business

On Thursday, Pinewood reported revenue of £24.5m from its software unit.

US shale has made the nation more resilient, experts say

US shale production has significantly altered the global oil landscape, reducing America's vulnerability to Middle East turmo -More- 

WH Smith fails to impress as shares slump despite boom in travel arm

Shares in WH Smith were down by almost seven per cent in early trade, despite the business telling markets it has high hopes for a strong summer of trade as demand for travel booms. 

Rachel Reeves: Labour will be ‘most pro-business government this country has seen’

Speaking to the Times, Reeves promised that business groups would be "in the room" to ensure Labour met its "mission" to make the UK the fastest growing economy in the G7.

England has highest rates of child alcohol consumption, WHO finds

Global health experts call for curbs on online marketing to protect teens from marketing of ‘harmful products’

Copycats take bite out of AbbVie’s best-selling Humira drug

Success of biosimilars in lowering prices will depend on decisions from powerful pharmacy benefit managers

Next-generation nuclear developers battle with ‘regulatory marathons’

Alignment of standards would lower costs to develop small modular reactors, speeding up their rollout

Dodgy data: what not to trust

Doubts over the credibility of economic and corporate statistics

Supercar maker McLaren hit by £375m impairment charge

McLaren Group, the British supercar maker and Formula One team-backer, has given lenders signs of an improvement in its financial performance even after a £375m impairment charge propelled it to a record loss last year.

German consumer confidence hits two-year high

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

Rolex sibling Tudor gets the Barbie makeover with pink Black Bay

The Tudor Black Bay Chrono ‘Pink’ might not be for everyone, and that’s OK because few of them will ever be made

Wizz Air slashes profit guidance as Pratt & Whitney engine issues bite

Wizz Air has cut its targets for annual profit as issues with its GTF engines continue to impact capacity.

'Impending market plunge: Top strategist forecasts 44% S&P 500 crash'

Paul Dietrich anticipates a 44% S&P 500 plunge, advises asset shifts to bonds and gold for client protection during market downturns, drawing on past crashes and echoing concerns from Wall Street figures.

Goldman Sachs names new Japan chief after abrupt exit of former president

Promotion of Hong Kong based insider Hidehiro Imatsu follows months-long leadership vacuum

Biden, Seeking to Build on Fruitful Week, Will Announce Billions in Chip Grants

The $6.1 billion for Micron, to shore up the domestic supply of semiconductors, comes after a key union endorsement and passage of an aid bill central to the president’s foreign policy agenda.

BHP-Anglo American: a quick Q&A

Why now, why not earlier, why ever, at what price, and what it might mean for fertiliser production in North Yorkshire

Bristol Myers Squibb drafts contingency plans for US restrictions on Chinese pharma

Biosecure Act would prohibit American companies receiving federal grant money from working with some Chinese groups

News24 Business | Hawks investigating whether crypto Ponzi kingpin Johann Steynberg has died

Brigadier Nomthandazo Mbambo said the Hawks, which have been investigating fraud at MTI for the past three years, were trying to confirm and verify reports of the 40-year-old's death.

Top Anglo American shareholders criticise BHP’s £31bn bid as ‘opportunistic’

Legal & General and Abrdn say offer substantially undervalues UK-listed miner

Venice tests a 5-euro entry fee for day-trippers as the city grapples with overtourism

The fragile lagoon city of Venice has launched a pilot program to charge day-trippers a 5-euro or $5.35 entry fee that authorities hope will discourage visitors from arriving on peak days and make the city more livable for its dwindling residents. Visitors who are not sleeping in Venice will ...

The hypnotic appeal of the tourbillon, from Seiko to Jaeger-LeCoultre

Meaning ‘whirlwind’ in French, the tourbillon is a whirring merry-go-round in miniature. The tourbillon’s visual fascination is hypnotic.

Wall Street’s Patience for a Costly A.I. Arms Race Is Waning

A sell-off in Meta’s stock after the company disclosed huge investments in the technology may be a sign of investor fears about tech giants’ spending.

Hotwire names prominent tech journalist as first Global Advisory Board member

Tech comms specialist Hotwire has appointed an expert and consultant on AI technologies as the first member of its new Global Advisory Board.

LPO's Shah talks hydrogen, grid solutions and more

The energy transition in the US is so vast and touches so many different points that it can be very difficult to conceptualiz -More- 

That's rich: Rise in all-cash transactions helping drive price gains for most expensive US homes

Well-heeled home shoppers are increasingly paying cash, helping turbo-charge price gains for the most expensive U.S. homes. The median sale price of luxury homes, or those valued in the top 5% of the market nationally, hit an all-time high $1.23 million in the first quarter, an increase of 8.7% ...

Toyota pilots EV pickups in Pattaya

Toyota has launched a public transport pilot project in this beach resort city with nine fully electric Hilux Revo pickup trucks.

News24 Business | Mantashe slams BHP Billiton, opposes Anglo takeover

Mineral Resources Minister Gwede Mantashe has voiced his opposition to BHP’s proposed takeover of Anglo.

Online Course Offering | Underground Storage Tank Operator Safety Program

API Learning offers Underground Storage Tank Operator Training and Certification that meets the requirements mandated by the  -More- 

Trainline and Firstgroup shares tumble as Labour pledges rail nationalisation

Trainline and Firstgroup shares fell this morning after Labour announced plans to renationalise Britain's railway network in the next five years.

US economy disappoints in first quarter of 2024 as growth slows far more than expected

The US economy slowed far more than expected in the first quarter of the year as its gross domestic product (GDP) endured the influence of stubborn inflation and high interest rates.

British Patient Capital invests over £40m to boost UK cyber security firms

The UK's cyber security industry is currently in high demand due to a rise in attacks, especially on businesses and high-income charities.

Inchcape bags £2.3bn after selling off UK arm

Shares in Inchcape soared over eight per cent this morning as it bagged £2.3bn in revenue in the first quarter.

New Biden climate rules target coal power plants

Industry faces 2039 deadline on the dirtiest energy source but existing gas plants escape present standards

News24 Business | Union's R300m loan frozen indefinitely after court sides with Iqbal Survé's media group

South Africa's largest clothing trade union has lost its court bid to compel Sekunjalo Independent Media to repay it R300 million after a judge ruled that the union's head legally signed a contract to subordinate - or freeze - the loan.

The ripple effects of the electric vehicle revolution

Three takeaways from a bullish IEA forecast on the state of electric cars and batteries

Commodity prices could keep inflation high, warns World Bank

Sharp falls in commodities are unlikely to continue, says lender, making it harder for central banks to cut interest rates

Barclays profits down amid sluggish mortgage demand

Barclays has reported a 12% fall in profits for the first three months of the year after mortgage lending and deposits dipped.

Shippers question Trans Mountain's readiness for service

In a letter to the Canada Energy Regulator, Trans Mountain oil shippers cast doubt over the long-delayed pipeline's ability t -More- 

U.S. Economy Grew at 1.6% Rate in First Quarter

Consumers ensured that growth continued, but the latest data showed signs of vulnerability elsewhere.

Success Story: Meet Man Behind India's Largest Luggage Manufacturing Brand, Linked to Isha Ambani's Family! ; Check Net Worth

Despite not being in the limelight like other Ambani members, this man made a significant mark and grabbed a spot in the business world.

Alert: US growth slowed sharply last quarter to 1.6% rate, reflecting an economy pressured by high rates

US growth slowed sharply last quarter to 1.6% rate, reflecting an economy pressured by high rates.

News24 Business | Tribunal gives nod to Engen's new Dutch-Swiss owners with host of conditions

The Competition Tribunal has approved a takeover of SA's largest fuel service network Engen by Dutch-Swiss commodities group Vitol, but has imposed a host of conditions, including on procurement and employee ownership.

DOE advisers cast doubt on hydrogen output capacity

An advisory committee commissioned by the Energy Department has produced a report that contends the "clean" hydrogen industry -More- 

Bottoms up: Central London set for a new rooftop bar as Maven Leisure raises £2m

Maven plans to raise the money via the private equity investment firm Growthdeck, which offers “tax-efficient investment opportunities in UK growth businesses”.

Markets Extend Gains For 5th Session; Sensex Revisits 74K

Recovering after a sell-off in early trade, the 30-share BSE Sensex climbed 486.50 points or 0.66 per cent to settle at 74,339.44. During the day, it surged 718.31 points or 0.97 per cent to 74,571.25.

A reformed stock market would unleash Britain’s growth

Keeping growth companies onshore would boost the FTSE and the UK economy

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

WPP Q1 numbers; Podcast: Phaedon CEO; SunChips’ eclipse case study.

2024 Jeep Wrangler Launched, Pricing Starts at Rs 67.65 Lakh

The 2024 Wrangler is equipped with ADAS, including Forward Collision Warning with Advanced Brake Assist, Auto High Beam Headlamps, and Adaptive Cruise Control with stop-and-go functionality. 

News24 Business | Markus Jooste's will: Firearms, cars, policies and R74 000 in cash

Markus Jooste left his wife three firearms, eight vehicles, various artworks, two policies, a retirement annuity, and almost R74 000 in cash – but it is not clear whether she will receive anything.

Ocado enters most shorted UK companies list as Abrdn jumps to fourth. These two kept their top spots

Ocado has entered the top 10 list of most shorted stocks this month, coming third, while Abrdn saw two new firms take positions out against it.

Southwest posts a 1Q loss and will limit hiring, offer voluntary leave to staff and drop 4 airports

Southwest Airlines will limit hiring and offer voluntary leave to employees after losing money in the first quarter. The airline also says it will stop flying to four airports as it tries to cut costs and deal with delays in getting new planes from Boeing. Southwest said Thursday that it lost ...

EU military officer says a frigate has destroyed a drone launched from Yemen's Houthi-held areas

A top European Union top military officer says a frigate that’s part of an EU mission in the Red Sea to protect merchant shipping has destroyed a drone launched from an area in Yemen controlled by Houthi rebels. Austrian Gen. Robert Brieger is the chair of the EU’s military Committee. ...

Alert: New rules on coal power plants target pollution 'pushing our planet to the brink,' EPA Administrator Michael Regan says

New rules on coal power plants target pollution 'pushing our planet to the brink,' EPA Administrator Michael Regan says.

Market absorbs $180B-plus wave of Treasurys

Demand for Treasurys seems resilient in the face of over $180 billion in issuance this week.  -More- 

BNP profit, revenue top estimates in Q1

BNP Paribas' profit and revenue fell in the first quarter but beat analysts' expectations.  -More- 

CME Q1 revenue driven by Treasurys, commodities demand

CME Group's revenue increased 3.2% in the first quarter, driven by strong demand for Treasury and commodity futures.  -More- 

News24 Business | SARB launches new subsidiary to provide most depositors with automatic bank-failure cover

CODI is one of a number of Twin Peaks regulatory reforms introduced in SA after the 2008-2009 global financial crisis and forms part of the wider financial sector safety net.

US TikTok ban would be 'devastating', UK firms warn

UK businesses using TikTok say they could see a significant drop in sales if the app is banned in the US.

German consumer sentiment to rise in May

German consumer sentiment is expected to increase in May as households' income expectations improve.  -More- 

LIV Golf Adelaide a point of difference for Saudi Arabia league

When the LIV Golf roster tee off for the first event in the league since the Masters at Augusta earlier this month it is likely to feel like another marquee match event on the 2024 calendar. Because Adelaide, South Australia, is the closest the Saudi Arabia-backed breakaway league has to its ...

Higher US rates affect yen as BoJ mulls intervention

Investors expect the Bank of Japan will need to continue increasing borrowing costs as a decline in the yen fuels inflation.  -More- 

Labour denies railways will be given 'lower priority' under renationalisation plans - as Tories warn of 'wildcat strikes'

Labour has denied the railways will be given "lower priority" if they are brought back into public ownership as the party pledged to "sweep away" the current "broken" model.

News24 Business | Nestlé to stop adding sugar to baby food in SA and poorer nations by the end of the year

Nestlé has said it would stop adding sugar to its baby food products by the end of the year after being accused of applying a double standard in the sugar content of its formulations in different regions.

Union Pacific's first-quarter profit creeps up 1% as railroad limits expenses

Union Pacific's first-quarter profit crept 1% higher and topped Wall Street expectations as the railroad tightened up on expenses even though it delivered slightly less freight. The Omaha, Nebraska-based railroad said Thursday it made $1.64 billion, or $2.69 per share. That's higher than the ...

US applications for jobless claims fall to lowest level in 9 weeks

Fewer Americans applied for unemployment benefits last week as the labor market continues to hold up despite higher interest rates imposed by the Federal Reserve in its bid to curb inflation. The Labor Department reported Thursday that unemployment claims for the week ending April 20 fell ...

Unilever says new laxer environmental targets aim for ‘realism’

Consumer goods giant extends deadlines and reduces the scale on its ESG goals

Seagull nip propels boy to win Gull Screeching contest

A 9-year-old British boy named Cooper has won the EC Gull Screeching competition, impressing the judges with several unique c -More- 

Congo questions Apple over knowledge of conflict minerals in its supply chain

Congo’s government is questioning Apple about the tech company’s knowledge of “blood minerals” from a conflict zone in the African country that could be smuggled into supply chains. It's demanding answers within three weeks. A group of international lawyers representing Congo said ...

Friends, family, royalty seek mercy for crypto’s richest man Changpeng Zhao

Binance, the world's largest cryptocurrency exchange, admitted to violating US anti-money-laundering and sanctions regulations in the previous year. As a result, the company was fined $4.3 billion and agreed to be supervised by authorities. The company's CEO, known as "CZ," also acknowledged ...

A New Battery Warns Parents if Their Child Has Swallowed It

The new battery by Energizer, with “color alert technology,” comes nearly two years after a report warned that more children were swallowing batteries.

'This isn't over': Unions vow to fight 'rejection' of plan to save Tata Steel jobs

Unions have warned of a bitter fight ahead, saying their plans to avert thousands of job losses at Tata Steel have been rejected by the company.

Former top Post Office executive says she never 'knowingly' did anything wrong

A former top Post Office executive has told the inquiry into the Horizon scandal that she never "knowingly" did anything wrong.

How women can position themselves for leadership roles

Women seeking a leadership or C-suite roles need to first ensure they are comfortable speaking to their accomplishments, embr -More- 

Companies should focus on strategy to boost productivity

Employees should focus on strategic tasks instead of working around the clock to boost productivity, says Stefania Mallett, c -More- 

Noncompete agreements became nonexistent

The vast majority of workers in the US can say goodbye to noncompete agreements.  -More- 

News24 Business | Climate change bill passes another hurdle, on its way to Ramaphosa next

The National Council of Provinces on Thursday adopted the climate change bill, which will now go to President Cyril Ramaphosa for assent.

Airlines will have to make it easy to get flight refunds

The US government has issued new rules that require airlines to give passengers a full refund -- not a travel credit or vouch -More- 

What are ChatGPT, Copilot and Gemini saying about your brand?

AI and the (near) future of brand reputation management, from Axicom’s Brian Snyder.

Use these best practices to avoid new leader burnout

New leaders may suffer from overwhelm or an urge to prove themselves, which can lead to being overextended, ignoring difficul -More- 

Mining giant BHP proposes buyout of Anglo American

The potential mega merger would give BHP access to Anglo American's copper assets.

Paris working to ready River Seine for Olympics

There has been some doubt about whether water quality in the River Seine will reach the level needed to support swimming duri -More- 

A Chinese Firm Is America’s Favorite Drone Maker — Except in Washington

U.S. authorities consider DJI a security threat. Congress is weighing legislation to ban it, prompting a lobbying campaign from the company, which dominates the commercial and consumer drone markets.

Honda Commits to E.V.s With Big Investment in Canada

The Japanese automaker, which has been slow to sell electric vehicles, said it would invest $11 billion to make batteries and cars in Ontario.

Would nationalisation get the railways back on track?

Labour have promised to renationalise nearly all passenger railways within their first term if they win the next election. But will it leave the railways better off?

High commodity prices could keep inflation elevated, World Bank warns

The World Bank has predicted that commodity prices will fall just three per cent in 2024 and four per cent in 2025.

TOMORROW: Member Briefing Re: The Final DOL Fiduciary Rule -- Friday, April 26

SIFMA members are invited to participate in a member-only briefing on the DOL's final fiduciary rule at 11:00 a.m.  -More- 

U.S. labor secretary says UAW win at Tennessee Volkswagen plant shows southern workers back unions

Acting U.S. Labor Secretary Julie Su says workers at southern auto plants should be free to unionize without employer or political interference, even as some southern states pass new laws meant to inhibit organized labor. Su told The Associated Press in a Thursday interview that recent votes ...

Chinese ship remains prime suspect in damage to Baltic Sea gas pipeline that reopened this week

Finnish investigators say a Chinese container ship remains the prime suspect in causing damage last year to a Baltic Sea gas pipeline between NATO members Finland and Estonia. It has been over six months since substantial, human-made damage that caused a major drop in pressure was first ...

Tata Steel ending union talks over 2,800 jobs

The company is expected to press ahead with plans to close Port Talbot's blast furnaces.

PwC picks consultant Marco Amitrano as next UK senior partner

Big Four firm names new head after three-way race that included female candidates for first time

Southwest Quits Four Airports in Cost-Cutting Drive

The airline expects fewer deliveries of Boeing planes than before, and cited “significant challenges” in achieving growth plans because of it.

"Love it or leave it" can be tricky way to view your job

Now that noncompete agreements might be a thing of the past, more people might be tempted to adopt a "Love it or leave it" at -More- 

Harvey Weinstein’s rape conviction in New York overturned on appeal

State appeals court found mistakes in prosecution of former film mogul that gave momentum to #MeToo movement

Law firm mulls legal claim against Home REIT sister fund

A law firm is considering bringing a legal claim against a Home REIT sister fund, which has collapsed in value and is being investigated by the Financial Conduct Authority (FCA), City A.M. has learned. 

European ports swamped with cars amid China EV offensive

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

America's billion-dollar bet on US chipmaking

Joe Biden is desperate to bring advanced chipmaking to the country and is willing to pay a lot for it. Using the CHIPS Act, the government is splurging billions to lure manufacturers. But can they compete with Taiwan?

Indonesia complains EU trade deal taking too long

The Southeast Asian nation accuses Brussels of "regulatory imperialism" following recent disputes over deforestation and nickel. But it's still hoping for an agreement.

Apple accused by Congo over conflict minerals in iPhones

Lawyers representing DRC allege Apple’s products contain illegally exported minerals, despite tech company’s claims of environmental and social responsibility

Amazon cloud computing unit plans to invest $11 billion to build data center in northern Indiana

Amazon’s cloud computing unit Amazon Web Services plans to invest $11 billion to build a data center in northern Indiana that will create at least 1,000 new jobs. Republican Gov. Eric Holcomb announced the planned project Thursday, calling the data center planned near the town of New ...

How fraudsters are getting fake articles onto Facebook

Scammers are able to get past automated checks on the social media giant to try to defraud users.

Meet the Luton-raised Italian running fan taking the top job at PwC in the UK

Company veteran Marco Amitrano has been elected to succeed Kevin Ellis as head of PwC's operations in the UK.

LSE Group investors back doubling chief’s pay to US levels

David Schwimmer could earn up to £13.1mn this year and become one of the best-paid FTSE 100 executives

CFTC reportedly weighs election-linked derivatives ban

The Commodity Futures Trading Commission is reportedly considering banning derivatives linked to US election results as it lo -More- 

Why is BHP bidding for Anglo American?

The £31bn deal would be the biggest in the mining sector for a decade but faces many hurdles

Some 300 musicians, from Diplo to Nile Rodgers, lobby Congress for ticketing reform

Billie Eilish, Fall Out Boy, Nile Rodgers, Cyndi Lauper, Lorde, Sia, Diplo and Chappell Roan are among the signatories of an open letter urging a Senate committee to support the Fans First Act.

FTC noncompete ban makes exception for garden leaves

The Federal Trade Commission's ban on noncompete clauses makes an exception for garden leave, which is common for employees w -More- 

The Chips Act has been surprisingly successful so far

More than halfway through its incentives spending, the US will have far greater scope to manage shocks

Nursing home industry rebukes new federal rule on minimum staffing requirements

NPR's Scott Detrow talks with American Health Care Association's CEO Mark Parkinson about the new rule that establishes staffing minimums at nursing homes that receive Medicare and Medicaid funding.

Average long-term US mortgage rate climbs for fourth straight week to highest level since November

The average long-term U.S. mortgage rate climbed this week to its highest level since late November, another setback for home shoppers in what’s traditionally the housing market’s busiest time of the year. The average rate on a 30-year mortgage rose to 7.17% from 7.1% last week, mortgage ...

Gusts of activity underway by friends and foes of offshore wind energy projects

Supporters of offshore wind energy projects in New Jersey and New York are trading blows with opponents in some shore towns who say vacationers and local residents don't want to see turbines filling the ocean horizon. Eight Jersey Shore beach towns tell state utility regulators that one wind ...

‘Asleep at the wheel’: James Cleverly slams Khan’s mayoral record

James Cleverly has slammed Sadiq Khan on his record as London mayor, accusing him of being “asleep at the wheel” and “10m people being failed”.

Minneapolis smokers to pay some of the highest cigarette prices in US with a $15 per-pack minimum

Smokers in Minneapolis will pay some of the highest cigarette prices in the country after the City Council voted unanimously to impose a minimum retail price of $15 per pack to promote public health. The ordinance not only sets a floor price. It prohibits price discounts and coupons, which ...

US wants allies to cut chip-related China exports amid Huawei alarm

Washington urges Japan, South Korea and the Netherlands to tighten supply of tools and technology

Meta offers lessons in growth, agility, arrogance

Jovan Protic of Ringier Axel Springer Polska looks at how Meta has launched its AI chatbot on the heels of ChatGPT in what so -More- 

US GDP grew less than expected in Q1 at 1.6%

US GDP grew at a 1.6% annualized pace in the first quarter after adjustments for inflation and seasonality, according to the  -More- 

Keurig, Nespresso brewing up plant-, paper-based pods

Eco-minded coffee lovers will appreciate that Keurig is developing plant-based capsules and Nespresso is creating paper-based -More- 

Mining giant BHP Billiton makes $39 billion bid for Anglo American to expand copper operations

Shares in U.K.-based mining giant Anglo American have surged after it received a 31 billion-pound ($39 billion) takeover bid from rival BHP Billiton. The deal would create the world’s biggest copper miner, with around 10% of global output. Anglo American’s share price closed up 16% ...

IMF: US to account for over a quarter of global growth

The US will account for 26.3% of global GDP this year, the International Monetary Fund has estimated, the highest proportion  -More- 

U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown

Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate in the first three months of the year.

Chasing unicorn status is a major distraction

Bain researchers say that startup success should not be measured based on hitting unicorn status -- $1 billion valuation -- b -More- 

Power plan set to be ready by Q3

A new version of the national power development plan (PDP), which sets a direction for Thailand's electricity generation and management through 2037, is expected to be completed by the third quarter of this year, says the Energy Policy and Planning Office (Eppo).

S&P Global: Favorable refinancing conditions may be ending

Financing conditions improved in early 2024 amid expectations of rate cuts and slowing inflation, and many companies capitali -More- 

A justifiable ban on US non-compete clauses

There are other ways of retaining key workers and protecting trade secrets

Early-stage a bright spot for funding

Despite investor hesitation to fund startups during the first quarter, early-stage investments grew 6% globally year-over-yea -More- 

Senate sends potential TikTok ban to Biden's desk

A bill now before President Joe Biden gives ByteDance between nine months and a year to sell TikTok before the US bans the ap -More- 

Google gets off easy after bitter legal fight over 'Incognito' data snooping

Google may have taken your private browsing data, but don't expect payback.

How DeSantis' immigration laws may be backfiring

Last year, Florida Governor Ron DeSantis signed a strict immigration law making it harder to hire undocumented workers. But like much of the country, Florida is dealing with a tight labor market and some employers are struggling to find workers. NPR's Jasmine Garsd reports on how the law ...

ASX to open lower as Wall Street falls on weak economic data

Worries about stubbornly high inflation and a slowing economy dragged Wall Street lower overnight, as shares in Facebook’s owner Meta plunged.

National park reservations boost sustainability

To manage crowds and protect the environment, the National Park Service is requiring reservations for more national parks thi -More- 

New federal rule would bar 'noncompete' agreements for most employees

Meta’s gamble on chatbots opens new wave of tech competition

Zuckerberg’s AI plans may have knocked its stock market value, but he hopes his next venture will have dramatic impact

Sorry, it’s not gallantry that wins wars, it’s economic might

Whatever their causes, wars are usually won by the side with the most economic resources. Here’s why.

Net neutrality restored as FCC votes to regulate internet providers

The FCC on Thursday restored rules to prevent broadband internet providers such as Comcast and AT&T from favoring some sites and apps over others — for instance, by slowing or blocking certain content or by offering higher speeds to customers willing to pay extra. The move effectively ...

Behind GLAAD’s Protect This Kid campaign

In the new work with Ogilvy, GLAAD reminds viewers of the children harmed by anti-LGBTQ+ rhetoric: LGBTQ+ kids.

The Onion Sold by G/O Media

The satirical news website was bought by a new firm in Chicago that took inspiration for its name, Global Tetrahedron, from a book written by The Onion’s staff.

New rule requires federal buildings to go fossil fuel-free

The Biden administration has issued a final rule that mandates new federal buildings to phase out fossil fuel use, thwarting  -More- 

Ex-Carnival DEI manager launches consultancy after job eliminated

Christen Smiley announced the launch of Lunar Works Consulting in a LinkedIn post on Wednesday.

Over 50% of plastic waste linked to less than 60 firms

Fifty-six multinational brands are linked to more than 50% of all plastic pollution in the environment, according to a five-y -More- 

Phoenix Energy sold to Hong Kong billionaire

Phoenix owns and operates the largest natural gas distribution network in Northern Ireland.

How major US stock indexes fared Thursday, 4/25/2024

Stocks closed lower on worries about a potentially toxic cocktail for financial markets, one where inflation remains stubbornly high but the economy’s growth flags. A sharp drop for Meta Platforms, one of Wall Street’s most influential stocks, also dragged the market lower. The S&P 500 fell ...

Chipotle reverses protein policy, says workers can choose chicken once again

Chipotle says its employees can choose chicken again. Last week, the chain asked its U.S. and Canadian employees to temporarily select another protein for their work meals to preserve the company's supply of chicken. The directive applied to both corporate staff and restaurant employees. The ...

Fossil, chemical interests flex at global treaty talks

More than 4,000 attendees have registered for the global plastic treaty talks in Ontario and nearly 200 of them are fossil fu -More- 

Microsoft Reports Rising Revenues as A.I. Investments Bear Fruit

The tech giant’s quarterly results included strong growth in cloud computing, fueled by its services in generative artificial intelligence.

My work wants my biometric data. Am I right to feel uncomfortable?

Given the problem of identity theft in the electronic age and of the growing sophistication of bad digital actors, handing over biometric data can feel iffy.

EPA's final power plant rules target coal ash

The Environmental Protection Agency on Thursday finalized rules to curb greenhouse gas emissions from coal-burning and natura -More- 

Big companies dodge spending crunch as small businesses face rising failure risk

Large corporations, including supermarkets, have become more resilient, but smaller retailers are facing greater risk of failure as the consumer spending crunch drags on.

Honda announces $11 bil EV battery and vehicle plant in Canada

Japanese auto giant Honda announced Thursday the largest automotive investment in Canada's history, worth Can$15 billion (U.S.$11 billion), for a massive new EV battery and vehicle assembly plant.…

Biden looks to support chip research, address concerns

The Biden administration is continuing its push to strengthen the US chip industry and semiconductor research, but some group -More- 

Study on Land Bridge estate expected soon

A study on the construction of a new industrial estate to support the government's proposed Land Bridge project is expected to be completed in 3-4 months, says the Industrial Estate Authority of Thailand (IEAT).

Leaders should focus on strategy to increase productivity

Leaders should focus on strategic tasks instead of working around the clock to boost productivity, says Stefania Mallett, co- -More- 

News24 Business | In big blow to Gordhan, botched SAA deal referred to SIU

National Assembly committee has last word as it recommends SAA transaction for investigation

It's considerably harder to generate one's own cash than it is to raise it from investors, yet it's hard to shake the feeling that too many founders are fixated on pumping up their valuation than they are becoming profitable.

Adi Gaskell, consultant and writer, writing in The Horizons Tracker

Thursday evening news briefing: Yousaf’s political future could lie in Alex Salmond’s hands

Goldman and Citadel Securities back Lutnick’s renewed tilt on futures market

Soon-to-launch venture marks bond pioneer’s third attempt to break stranglehold of Chicago’s CME

Honda planning to expand its electric vehicle efforts in Canada, Toyota expands in Indiana

Honda plans to invest $11 billion, with the help of joint venture partners, to build out its electric vehicle efforts in Canada as it prepares for future demand in North America for the automobiles. The company said Thursday that it has started evaluating the requirements to build an EV plant ...

Exporters to benefit from surging dollar

Companies with significant dollar earnings, including Asian chipmakers and European industrial firms, are expecting a windfal -More- 

"Resenteeism" rises among Gen Z employees, survey finds

A CNBC|SurveyMonkey survey found many Gen Z employees -- the youngest in the workforce -- engage in "resenteeism" as they bec -More- 

Why experts say inflation is relatively low but voters feel differently

Grocery prices are a key component of any household budget, and rising food prices can sour the electorate's mood.

Double glazing giant Everest crashes into administration

One of Britain’s biggest double-glazing suppliers has crashed into administration, leaving insolvency practitioners engaged in a race to salvage hundreds of jobs.

The TikTok law kicks off a new showdown between Beijing and Washington. What's coming next?

TikTok is gearing up for a legal fight against a U.S. law that would force the social media platform to break ties with its China-based parent company or face a ban. A battle in the courts will almost certainly be backed by Chinese authorities as the bitter U.S.-China rivalry threatens the ...

FTC sued over prohibiting noncompetes for many workers

The US Chamber of Commerce, the Business Roundtable and two Texas-based business groups have brought a lawsuit challenging th -More- 

Meta Platforms, O'Reilly Automotive fall; Chipotle, TransUnion rise, Thursday, 4/25/2024

Stocks that are trading heavily or have substantial price changes on Thursday: Meta Platforms, O’Reilly Automotive fall; Chipotle, TransUnion rise.

BNSF becomes 2nd major railroad to sign on to anonymous federal safety hotline for some workers

BNSF will become the second major freight railroad to allow some of its employees to report safety concerns anonymously through a federal system without fear of discipline. The Federal Railroad Administration announced Thursday that the railroad owned by Warren Buffett's Berkshire Hathaway had ...

Macron outlines his vision for Europe to become an assertive global power as war in Ukraine rages on

French President Emmanuel Macron is warning that Europe could “die” if it fails to build its own robust defense as Russia’s war in Ukraine rages on. Or if it fails to undertake major trade and economic reforms to compete with China and the U.S. Macron urged Europeans to become more ...

Athletic director used AI to frame principal with racist remarks in fake audio clip, police say

Authorities in Maryland say a high school athletic director used artificial intelligence to impersonate a principal on an audio recording. They say the clip contained racist and antisemitic remarks and quickly spread on social media. The principal was temporarily removed from his post ...

Banks agree to reduce loan rates

Thai banks are set to cut the minimum retail rate (MRR) by 25 basis points for a period of six months, aiming to alleviate the debt burden for vulnerable customers in response to the prime minister asking lenders to lower interest rates for vulnerable groups and small businesses.

Stock market today: BSE Sensex rises 100 points, Nifty50 above 22,600

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Friday marking another day of positive run for Dalal Street. While BSE Sensex opened 100 points up, Nifty50 was above 22,600.

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

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

South Africa could be a thorn in BHP’s side as it makes £31bn Anglo American bid

The world’s biggest miner faces fraught politics and complicated history weeks before key general elections

Gulf quashes KBank takeover rumour as stake increases

Gulf Energy Development clarified that it has no plans to take over Kasikornbank (KBank), attributing its recent increased shareholding in the bank solely to its pursuit of investment gains.

Who takes over Tritium, the titan house of EV charger manufacturing in Australia?

Tritium was viewed as a national success story and its collapse leaves a significant gap: “Who’s going to fill that space when we’re trying to build the charging network?”

Why green steam is a hot issue for business

Steam is still needed in many industries, but much of it is still made with fossil fuels.

How supporting neurodiverse workers supports business

Companies can attract and hire more neurodivergent employees by revamping traditional hiring practices and offering more supp -More- 

Police presence grows as pro-Palestine protests spread across US campuses

Pritzker announces new action plan to combat homelessness and address racial disparity

Selling weight-loss and muscle-building supplements to minors in New York is now illegal

It's now illegal to sell weight-loss and muscle-building supplements to minors in New York. The first-in-the-nation law went into effect this week. Experts say loose federal regulation of dietary supplements has resulted in these products sometimes including unapproved ingredients, like ...

Deepfake of Baltimore Principal Leads to Arrest of School Employee

A high school athletic director in the Baltimore area was arrested after he used A.I., the police said, to make a racist and antisemitic audio clip.

SCG tracking events in the Middle East

SET-listed Siam Cement Group (SCG), Thailand's largest cement maker and industrial conglomerate, expects its energy and operating costs as well as expenses for raw materials to increase if conflicts in the Middle East escalate.

Analysts: Rate cut unlikely before Q2 of 2025

The Bank of Thailand is unlikely to lower interest rates until the second quarter of 2025, when the economy could hit a fiscal cliff after the impact of the 10,000-baht digital handout diminishes, as expectations grow that the Federal Reserve will keep US rates elevated for longer, say analysts.

IG Group clients hit by refund errors

Company blames ‘technical issue’ for money being removed from accounts

Hong Kong spot crypto ETFs to start trading next week

Hong Kong-listed spot bitcoin and ether exchange traded funds aim to start trading on April 30, three asset managers that provide the products said on Wednesday.

IMF cuts growth outlook for Germany

The International Monetary Fund has revised its growth outlook for the eurozone's biggest economy by 0.3 percentage points. The German economy is predicted to be the slowest-growing of all G7 states this year.

Big asset managers adopt ‘vulture’ tactics in distressed debt fights

Loosening credit agreements mean traditional investors who once could avoid messy legal battles are having to evolve

Nestle net profit up 27% in March quarter

Nestle India's net profit rose by 27% to Rs 934 crore in the March quarter, driven by strong growth across its product portfolio amidst challenges from food inflation and volatile commodity prices.

Labour plans to retain key private sector role in Britain’s nationalised railways

The party has no proposals for state involvement in the companies that own the trains

Everywhere an Oink Oink — David Mamet’s funny, fiendish account of 40 years in film

The American screenwriter’s account of four decades in Hollywood is as gossipy and scandalous as you’d expect

Russia sanctions-busting? Big questions remain over UK car exports

The extraordinary, unprecedented and largely unexplained flows of millions of pounds of British luxury cars into states neighbouring Russia continued in February, according to new official data.

FTSE 100 today: London markets set to open higher on the heels of strong US tech earnings

Asian stocks rallied alongside a strong tech sector fuelled by impressive US earnings. Bank of Japan maintained its short-term interest rate target at 0-0.1 per cent. Oil prices climbed, while Microsoft and Alphabet shares surged post-earnings beats. Investors await US inflation data and focus ...

Markets Rally For 6th Day Running On Firm Asian Peers; Tech Mahindra Jumps Over 12%

The 30-share BSE Sensex climbed 176.47 points to 74,515.91 in early trade. The NSE Nifty went up by 50.05 points to 22,620.40.

Microsoft beats Wall Street expectations, shares soar on robust Azure growth 

Microsoft outpaced expectations for its third-quarter revenue and profit, unveiled on Thursday. This success was largely fueled by the integration of artificial intelligence (AI) across its cloud services, propelling its shares to surge by more than 4 per cent during extended trading.

Younger Asian tourists opt for cheaper regional holidays

With travel costs soaring, more tourists from Asia-Pacific are opting for intra-regional trips, particularly Gen Z and millennials, as a majority of younger adults want to save up for trips, according to Marriott International.

Rebel Sport’s owner denies $50m bullying claim, undisclosed CEO relationship

The board of Super Retail Group has denied bombshell allegations of an undisclosed relationship involving its chief executive Anthony Heraghty and bullying claims that are expected to form the basis of a $50 million lawsuit.

SET aims to strengthen supervision

The Stock Exchange of Thailand (SET) plans to introduce more measures to strengthen market supervision from the end of the current quarter to early 2025, aiming to rebuild investor confidence, according to the bourse.

It’s time to revisit Bank of England independence

Independence should not mean the Bank of England is shielded from government scrutiny and accountability to the public, says Damian Pudner Last week, a striking disclosure by former prime minister Liz Truss reignited the debate on the delicate balance between political authority and the ...

Sainsbury's: Almost everyone now shops in store

Nearly 90% of business now comes from its stores, the retailer says, as it reports a rise in food sales.

Axis pips Kotak Bank as 3rd most valued private bank

Axis Bank overtook Kotak Mahindra Bank on Thursday to become India's third most valued private lender after a rout in the latter's stock. Kotak Bank's stock opened deep in the red on Thursday a day after RBI restricted the lender from onboarding customers digitally and issuing credit cards, ...

FirstFT: Alphabet beats earnings forecast and announces first-ever dividend

Also in today’s newsletter, Macron warns of Europe’s ‘mortal’ threat and how UK’s ‘levelling up’ failed

South Korea warns Biden’s EV subsidy scheme at risk of ‘collapse’

Seoul’s trade minister says China’s grip on graphite threatens Inflation Reduction Act incentives

Mining’s rocky £31bn mega-deal

Plus, Wall Street grapples with a non-compete ban and Rich Handler buys his client’s yacht

E-tailers start tagging 'health drinks' as 'nutrition drinks'

Antiwar protesters' calls for divestment at universities put spotlight on how endowments are managed

One of the demands of antiwar protestors on college campuses is for their schools to divest their endowments from companies that are profiting from Israel’s war against Hamas in Gaza. Endowments are the holdings and investments that universities and some nonprofits manage as a kind ...

Car giants vie for EV crown at Auto China show

Chinese car giants locked in a cut-throat price war descended on the capital for the start of the Auto China show Thursday, vying to draw consumers and headlines…

Salaried workers making under $43K will earn OT under new rule

The Department of Labor has set the new annual salary threshold for salaried managers to receive overtime pay at $43,888, up  -More- 

Employers' paid time-off approvals decline, report finds

A global BambooHR report shows more employees requested paid time off in the first quarter compared to the same period last y -More- 

Rooting for Trump to fail has made his stock shorters millions

Rooting for Donald Trump to fail has rarely been this profitable. Just ask a hardy band of mostly amateur investors who have collectively made tens of millions over the past month by betting that the stock price of his social media business – Truth Social – will keep dropping despite wild ...

Why generosity is now the top trait for leaders

Strong leaders are generous, genuine, inclusive, able to listen and customize growth opportunities for their team, writes Joe -More- 

One in Five Milk Samples Nationwide Shows Genetic Traces of Bird Flu

There is no evidence that the milk is unsafe to drink, scientists say. But the survey result strongly hints that the outbreak may be widespread.

Domestic car sales see 30% fall in March

Domestic car sales in Thailand remained sluggish in March, falling by 29.8% year-on-year to 56,099 units, though the tally is slightly greater than the February total, according to the Federation of Thai Industries (FTI).

Businesses in Florida struggle after one year of strict immigration law

Nearly a year ago, Florida enacted one of the most strict immigration laws in the nation. Many local businesses say it has hurt their bottom line.

BMW i5 Electric Sedan Launched in India; Check Features, Performance, And Other Details

BMW i5 Electric Sedan is equipped with an 83.9 kWh (usable 81.2 kWh) battery pack and delivers a of 516 kilometers according to WLTP standards. 

TikTok China parent firm says no plans to sell app

The US passed a law this week to force the sale of the popular video app or be banned in America.

NBTC decides to delay approval of NT's foreign satellite plan again

The National Broadcasting and Telecommunications Commission (NBTC) has again delayed approval of National Telecom's (NT) proposal for licences to operate a service using a foreign satellite.

What Is a ‘Decent Wage’? France’s Michelin Raises a Debate.

The tire maker vowed to ensure that none of its workers would struggle to make ends meet.

Toyota fails to meet 10.1 mil output target in FY2023 amid scandals

Toyota Motor Corp said Thursday its global production in fiscal 2023 grew 9.2 percent from a year earlier to a record 9.97 million vehicles but fell short of…

IKEA brings AI education to employees

IKEA parent Ingka Group is incorporating AI understanding within the organization through an education initiative for about 3 -More- 

Sequoia commits to back Elon Musk’s xAI start-up

Venture capital firm is among other investors entrepreneur is wooing as he seeks to gain ground on rivals

Man wrongly identified as Bondi Junction attacker settles with Seven

The 20-year-old university student wrongly identified by Seven has settled his legal dispute with the network for an undisclosed sum.

BHP shares fall as investors fret over £31bn offer for Anglo American

Australian miner’s bid seen as complex and laden with risks

IndiGo orders 30 aircraft at $9.5 billion to fly long haul

Come 2027 and IndiGo will mount nonstop flights by using its own wide body aircraft between India and far flung corners of the world. The Rahul Bhatia-founded mega budget carrier Thursday said it "has agreed" to place a firm order for 30 twin aisle Airbus A350-900 valued at over $9.5 billion ...

Google accused of making it harder to search for rival

In a complaint to the EU, email firm Tuta says it suddenly became much less visible in Google search.

Tennessee lawmakers adjourn after finalizing $1.9B tax cut and refund for businesses

Tennessee’s GOP-controlled General Assembly has adjourned for the year, concluding months of tense political infighting that ultimately doomed Republican Gov. Bill Lee’s universal school voucher push. But the session also ended Thursday with outrage from Democrats and gun control advocates ...

California-based Kaiser to notify millions after possibly exposing user data to tech companies

Kaiser patients' symptom searches may have been shared with tech giants.

Ban on non-compete agreements sends shockwave across Wall Street

Financial companies scramble to rework contracts and tie down personnel after US Federal Trade Commission rule

Charles Schwab eyes UK rollout for US-domiciled ETFs

Schwab AM has no plans to launch EU-domiciled funds and EU rules inhibit the sale of US ETFs to retail investors

There's a new trade war brewing - over global dominance in the electric car market

There's a trade war brewing between China and the West, at stake is who will dominate the global market for electric vehicles.

Blinken’s Visit to China: What to Know

Secretary of State Antony J. Blinken is in China this week as tensions have risen over trade, security, Russia’s war on Ukraine and the Middle East crisis.

10 Things About PM-KUSUM Scheme And How It Is Empowering Indian Farmers

The main objectives of the PM KUSUM Scheme include to de-dieselize the farm sector, to provide energy and water security to farmers and enhance their income, and reduce environmental pollution.

Trading Trump: Truth Social's first month of trading has sent investors on a ride

With Donald Trump facing dozens of federal criminal charges and hundreds of millions in legal expenses, Trump Media & Technology Group Corp. went public on the Nasdaq exchange March 26. Its performance has confounded analysts. It's gone up and down and defied Wall Street expectations. That is, ...

Labour pledges to renationalise most rail services

Labour says its plan will improve services - but the Tories say it is "pointless" and "unfunded".

Journalists critical of their own companies cause headaches for news organizations

Journalists see themselves as truth-tellers, and sometimes as contrarians. That fuels news organizations, but it also can bite back. Internal turmoil this spring at NBC News, NPR and The New York Times can essentially be traced to journalists turning a critical gaze toward their own employers. ...

NatWest becomes latest UK bank to report sharp drop in profits

NatWest Group has become the latest UK banking giant to report a sharp drop in earnings for the first three months of the year.

Stock market today: Asian benchmarks mostly climb despite worries about US economy

Asian shares are mostly higher despite worries about the economic outlook and inflation in the U.S. and globally. Benchmarks rose in Friday trading in Tokyo, Seoul, Hong Kong and Shanghai, but fell in Sydney. Oil prices rose and the dollar edged higher against the Japanese yen. On Thursday, ...

Bangkok Bank cuts retail loan rates by 25 bps

Bangkok Bank said on Friday it will cut its retail loan rates by 25 basis points for a period of six months, effective on April 29, to help vulnerable borrowers reduce their interest burden.

Thoma Bravo agrees to buy UK-listed Darktrace in $5bn deal

Offer comes less than two years after private equity group previously held talks about buying cyber security company

The Americas’ Fastest Growing Companies

The FT’s fifth annual ranking of the region’s businesses by revenue growth. Plus: outsourcers tap into remote work boom; Shopify targets more growth from bigger clients; Brazil’s alternative to electric vehicles; and Vertex Pharmaceutical’s potential answer to the opioid crisis

Alphabet, Microsoft shares jump on proof of near-term AI returns

Meet the founder using disability to his advantage as a business leader

Worried your disability might affect your chances of building a business? Entrepreneur Martyn Sibley tells Ambition A.M. why it won't.

Mining giant Anglo-American rejects BHP Group's $39 billion takeover offer

U.K.-based mining giant Anglo American has rejected a 31 billion pound ($39 billion) takeover offer from BHP Group, saying it significantly undervalues the company and its growth potential. Anglo American said Friday that its board unanimously rejected the bid from BHP, which was announced ...

Latin American developer outsourcers capitalise on remote work boom

Agencies providing overseas-based staff for US clients have prospered

Freshly-listed World Chess sees revenue slip after Armageddon series but gaming firm still confident

Online platform World Chess reported a slip in revenue for the year ended December, but said it was still confident in delivering its growth strategy. 

Reducing China dependence: Tata developing complex high-precision machines to make Apple iPhone casing; aims for exports

Tata Electronics is internally developing sophisticated high-precision machines for producing iPhone casings, aiming to enhance local capabilities and export the machines in the future. This move is expected to boost India's electronics export industry and reduce reliance on specific parts.

CVC shares debut above offer price

Private equity group says €2bn offering oversubscribed multiple times, in sign of strong investor appetite

Daimler Truck Workers in North Carolina Are Poised to Strike

A walkout by employees who make Freightliner trucks and Thomas Built buses would expand the U.A.W.’s campaigns in the South.

Moonpig nosedives after private equity firm sells 25m shares

Thursday proved to be the worst day of trading in three years for personalised card company Moonpig, after a  private equity firm sold 25 million of shares in the firm. 

Shopify sets its sights on big-ticket clients

The ecommerce platform for millions of merchants has ambitious plans to expand at the high end

IndiGo Airlines Orders 30 Airbus A350-900 Aircraft For Long Haul Flights

Indigo is expected to receive the deliveries of 30 Airbus A350-900  widebody aircraft by 2027.   

Mahindra XUV 3XO Teaser: Performance, Mileage, And Other Features Revealed

According to the recent teaser, Mahindra XUV 3XO will offer a 6-speed torque converter automatic gearbox for the diesel engine, replacing the previous 6-speed AMT.   

The Scottish Play gets bloody

Humza Yousaf battles for political survival, plus where rail privatisation veered off track

News24 Business | Absa names Deon Raju as financial director in executive shakeup

Raju has spent more than 20 of his 22 years in banking with Absa, holding numerous positions including group treasurer and chief risk officer.

Loungers trading ahead of expectations as new site roll-out boosts bottom line

Loungers has said it is trading ahead of expectations for the year, helped by the opening of 36 new sites. 

Pearson ‘pleased’ with pivot to AI but Virtual Schools slow again

Pearson is integrating artificial intelligence (AI) into its suite of educational products as it looks to modernise.

Xi Meets Blinken With Tough Issues on the Agenda

The direct meeting with China’s leader was a sign of continued effort to ease tensions, but officials expect little progress on core issues like Taiwan, trade and Chinese support of Russia.

NatWest profits fall 27% as interest rate benefits wear off

Shares up nearly a third this year as bank has moved on from scandal over closure of Nigel Farage’s account

5 cars from the Beijing auto show that reflect China's vision for the future of driving

China’s vision of the future of the automobile — electrified and digitally connected — is on display at the ongoing Beijing auto show. Organizers say that 117 new models are making their debut at Auto China 2024, which runs through May 4. They range from eye-poppingly cutting edge to more ...

‘Ahmedabad to Amsterdam, Surat to Seoul, Patna to Paris; nonstops all over globe from India: IndiGo says after wide body order

Haggas hoping to get Hong Kong monkey off his back with Dubai Honour

WILLIAM Haggas has had great success overseas, but he is yet to have a winner in Hong Kong. “That really irks me,” said the 63-year-old Newmarket-based trainer. “We’ve had a bit of luck abroad in other places but not in Hong Kong, so I’d like to get that monkey off my back so to ...

Darktrace leaving London isn’t just ‘bad news’ for the LSE. It’s a crisis.

Losing Darktrace to private equity must surely focus the minds of decision makers - this is a crisis

These are the countries where TikTok is already banned

TikTok is banned in a handful of countries and not allowed on government-issued devices in a number of others. That's due to official worries that the popular video-sharing app poses privacy and cybersecurity concerns. Now it's in the crosshairs in the U.S., where new legislation threatens ...

US crackdown against privacy tech continues with arrest of Samourai Wallet developers

Yesterday, news broke that the United States Department of Justice has charged the Samourai Wallet co-founders with "conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business." Authorities seized the Samourai website and arrested both founders.

Its blockbuster cystic fibrosis treatment costs $300,000 a year. Now Vertex wants to solve the opioid crisis

With revenues having more than doubled since 2019, to $10bn, US pharma group targets painkillers

News24 Business | Amplats names Sayurie Naidoo as its new CFO

Anglo American Platinum (Amplats) said on Friday it has named Sayurie Naidoo as its CFO and executive director with effect from 1 May, replacing Craig Miller, who has taken up the position of CEO.

Former PR adviser handed 3-year insider trading sentence in ‘breakfast trust’ trial

Defendant made more than €14mn in profit using tips from Perella Weinberg banker

Bank of Japan keeps interest rates unchanged despite pressure over weak yen

The Bank of Japan kept its ultra-low interest rates unchanged Friday but analysts say the tumbling yen is putting pressure on officials to act. With the currency at…

HSBC successfully fights off £240m legal challenge over Disney film tax scheme

A legal challenge against HSBC for £240, by investors of a film tax scheme has failed, as the High Court judge ruled their significant losses was not enough for a good claim against HSBC

Post Office exec denies remote access cover-up

Angela van den Bogerd says she was not trying to "suppress" Horizon remote access.

Asian benchmarks mostly climb despite worries about U.S. economy

Asian shares mostly rose Friday despite worries about the economic outlook and inflation in the U.S. and the rest of the world. The Bank of Japan ended a…

Women’s rugby must get radical to avoid making mistakes men’s game did

For the women’s game to be truly successful I believe it needs a radical overhaul; a revolution that will change the face of rugby forever. Because the reality is that it is hard to get excited for this weekend’s final round of the Women’s Six Nations. England are expected to win, even ...

News24 Business | Anglo American rejects BHP's 'opportunistic' and 'unattractive' takeover offer

The board of Anglo American has unanimously rejected global mining giant BHP's "opportunistic" proposed all-share takeover offer of the company valuing it at about R740 billion.

Manly Wharf set for a revamp as new owners get the keys

Manly Wharf, at the gateway to Sydney’s popular northern beaches precinct, will be revamped – but the new owners will consult the local community before making any big changes.

Audi Cars To Get Expensive From June 1, Here's Why

Audi has decided to increase the prices of its cars because of the escalating costs of inputs and transportation. 

Nomura profits surge as Japan’s stock market breaks bubble-era record

Investment bank and brokerage boosted by soaring stock and fixed-income trading

Spiderman Couple's Reel Lands On Delhi Police's Insta, What Happened Next...

A challan of Rs 21,500 was issued by the traffic police after a  'Spiderman Couple' Instagram Reel went viral.

Success Story: Who Are Billionaire Siblings Firoz And Zahan Mistry? Know Their Tata Relation And Massive Net Worth

Firoz And Zahan Mistry, the sons of late Cyrus Mistry have a cumulative net worth of over Rs 81,000 crore ($9.8 billion).

PAN, Aadhaar not linked? Penalty deadline for TDS deductors extended - here’s what it means

Individuals whose PAN became inoperative due to non-linkage faced higher tax deduction at source (TDS) or tax collection at source rates. For example, the TDS on house rent allowance for individuals with inoperative PANs increased to 20%.

Americans Went All-In on Self-Storage. That Demand Is Suddenly Cooling.

Many developers, spurred by the pandemic to invest money in new self-storage facilities, have been caught short by this drop in demand.

Natwest profits slide 27 per cent but beat market expectations

Natwest profits slumped in the first quarter of the year but stayed ahead of market expectations as it shrugged off the worst of the mortgage downturn to expand its lending book.

Regulator delays approval of NT foreign satellite plan

The National Broadcasting and Telecommunications Commission (NBTC) has again delayed approval of a proposal by National Telecom (NT) for licences to operate a service using a foreign satellite.

FTSE miner rejects ‘opportunistic’ £31.1bn takeover offer

British mining giant Anglo American has rejected a £31.1bn takeover offer by Australian rival BHP. ]]>

With Inflation This High, Nobody Knows What a Dollar Is Worth

Strong reactions to rising prices and misunderstandings about the value of money are rampant, our columnist says.

Bank holidays in April 2024: Are banks open on Saturday, April 27, 2024?

In April 2024, bank holidays impact operations with closures on specific Saturdays. ATMs and online services remain available. India's banks follow a distinctive schedule, open on select Saturdays and closed on national festivals.

Why Boeing’s cash woes could merit an industrial policy lifeline

Given the level of government scrutiny facing the jet maker, aligning regulatory and commercial interests might seem sensible

EP: 268 Sandown & Hong Kong Champions Day

The final day of the jumps season still has one big question to answer as three trainers can still finish at the top of the tree. Willie Mullins, Dan Skelton and reigning champion Paul Nicholls all go into Saturday at Sandown with chances of becoming champion trainer where we hope to see Jonbon ...

Osteopore knee-deep in massive share price rise

This week’s Bulls N’ Bears Runner of the Week is … Osteopore. Its shares hiked up 478 per cent to join Base Resources, Orion Minerals and Rincon Resources.

UK consumer confidence edges up after stagnant start to year

UK consumer confidence improved by two points in April, after laying stagnant in March. 

‘Existential crisis’: London Stock Exchange exodus tops £60bn after Darktrace deal

A top investment bank has sounded the alarm and called on government to act today after a take-private deal for Darktrace took the total value of London Stock Exchange exits to north of £60bn.

Slowdown in housebuilding hits Brickability’s top line

The revenue decline reflected "the lower levels of demand in Bricks and associated building products experienced in the first nine months of the year."

American private equity firm to snap up Darktrace for £4.3bn

American private equity firm Thoma Bravo has struck a deal to buy British cyber security company Darktrace in an all-cash transaction.

Anglo American rejects BHP’s ‘opportunistic’ £31.1bn mega-deal

Mining giant Anglo American has rejected BHP Group's £31.1bn proposal after concluding the plan would undervalue its future prospects.

Half-a-million UK firms ‘financially distressed’ and thousands face insolvency as they ‘pin hopes’ on rate cuts

Nearly half a million UK businesses continue to face 'financial distress,' new research finds, with tens of thousands facing the possibility of insolvency within the next 12 months.

Demand for renewables powers growth at Brazilian ethanol giant Raízen

Global demand for the biofuel has been strong despite the rise of EVs

BHP may need to pay more to clinch Anglo American in copper mega-deal

Australia’s largest mining company will face pressure to sweeten the terms of a $60 billion bid to buy rival Anglo American amid warnings it could fall short.

AI service providers mine a rich seam of demand for efficiencies

Clients from media to manufacturing are driving growth at software groups

Senior: demand fuels growth in aerospace business

Senior said it expects that its aerospace business will see "good growth" this year due to the increasing number of aircrafts being built.

RBI Orders TalkCharge to Refund Customers' PPI Wallet Balance, Cautions Public Against PPI Issued By Unauthorised Entities

Gurugram-based company TalkCharge has been asked by RBI to stop issuance and operation of its PPI or Wallets and refund the balances held in the wallets  by May 17, 2024.

Everest: Jon Moulton’s double-glazing supplier crashes into administration leaving hundreds of jobs at risk

Everest, one Britain’s biggest double-glazing suppliers, has fallen into administration, leaving 350 jobs at risk. 

Ranking of the best horse racing syndicates in the UK

Racing Club Founded by Jordan Wylie MBE & former Jockey Club marketing lead Richard Jaques, Racing Club is a community-focused horse racing syndicate aimed at providing affordable and accessible racehorse ownership through RC Syndicates. It brings together individuals interested in horse ...

Thames Water faces bondholder pressure amid default fallout

Following the recent default by Kemble Water Finance, concern has rippled through the ranks of Thames Water's lenders.

US probes whether Tesla Autopilot recall did enough to make sure drivers pay attention

The U.S. government’s auto safety agency is investigating whether last year’s recall of Tesla’s Autopilot driving system did enough to make sure drivers pay attention to the road. The National Highway Traffic Safety Administration says in documents posted on its website Friday that it has ...

Daniel Křetínský buys 20% stake in Thyssenkrupp’s steel unit

Deal is latest acquisition by ‘Czech Sphinx’ who is also seeking to buy Royal Mail’s parent company

Alert: US agency is investigating whether the recall of Tesla Autopilot driving system did enough to ensure drivers attention

US agency is investigating whether the recall of Tesla Autopilot driving system did enough to ensure drivers attention.

Superdry landlord M&G eyes challenge to rescue plan

The owner of Superdry’s flagship store in central London is weighing a challenge to a rescue plan that would impose steep haircuts on the struggling chain’s landlords.

Mental engagement, on and off the job, keep brains sharp

People who have jobs that require a high degree of mental engagement have lower odds of developing cognitive impairment after -More- 

Exxon Mobil profit declines in 1st quarter as natural gas prices fall

Exxon Mobil’s profit declined in its first quarter as natural gas prices fell and industry refining margins dropped. The energy company earned $8.22 billion, or $2.06 per share for the three months ended March 31. A year earlier it earned $11.43 billion, or $2.79 per share. The results ...

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

TikTok not exploring U.S. sale, Campus protests continue, NYT vs. Biden

Len Blavatnik’s DAZN threatens to sue German football league over TV rights auction

Sports streaming group accuses DFL of ‘unlawful behaviour’ after losing out to Sky

Fed's preferred inflation gauge shows price pressures stayed elevated last month

A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid. Prices rose 0.3% from February to March, the ...

Tesla share price surge highlights electric vehicle investors’ jitters

Also in today’s newsletter, meet the new players in the sustainable bond issuance space

S.C. residents report rowdy cicadas to police

Sheriff's deputies in South Carolina's Newberry County are responding to emergency calls from residents concerned about noise -More- 

G7 to target sixfold expansion of electricity storage

Batteries and other solutions aim to store wind, solar and hydropower to make up for intermittent supply

Tata rejects plea to keep Port Talbot blast furnace

Tata's chief executive says plans to keep one blast furnace open in Port Talbot are not viable.

Work. Crunch. Repeat: Why gaming demands so much of its employees

Employees at video game companies are known for working long hours to meet product launch deadlines. This pressure, known in the industry as crunch, has only gotten more intense as games have grown more complex. Mounting layoffs in the growing industry have only made things worse on the labor ...

Macho Sporto Introduces Bollywood Youth Icon Sidharth Malhotra As Its New Brand Ambassador With A New Campaign

Keeping up with the current Cricket fever in the country, the brand's latest TVC featuring the Bollywood actor is a charming take on a woman's gaze, continuing their efforts to legitimise the female gaze.

Tesla Autopilot recall to be probed by US regulator

The regulator will check whether Tesla's fix adequately addressed safety concerns.

2024 Spring Refining and Equipment Standards Meeting, May 20-24, St. Louis, Mo.

The Refining and Equipment Standards Meeting remains an invaluable opportunity to be a part of how the U.S.  -More- 

Kia Sells 4 Lakh Sonet In Last 4 Years: Report

Reports suggest that 37% of customers have shown a preference for the 1.5-litre diesel engine. 

ExxonMobil’s profit falls 28% on weaker gas prices and refining margins

Oil major’s finance chief highlights ‘troubling’ geopolitical events in the Middle East and Russia

John Lewis job applicants get questions beforehand

The retail group hopes giving candidates sight of questions will make process fairer.

Thames Water bondholders demand emergency summit with troubled group

Creditors holding £5bn of debt have been spooked by default of parent company this month

News24 Business | Transnet arrests trend of falling freight rail volumes - for the first time in 5 years

Transnet has arrested the trend of falling rail freight volumes for the first time in five years

Google parent Alphabet announces its first-ever dividend

Google's parent company Alphabet announced its inaugural dividend and a $70 billion stock repurchase, resulting in the stock price soaring by almost 16% after the market closed. The dividend amount per share will be 20 cents. Alphabet is returning capital while spending billions of dollars ...

Former Foxtrot workers hold rally, demanding back pay after grocer's sudden closure

US economic growth slows but inflation grows

The world's largest economy grew less than expected but rising inflation may delay a rate cut.

Auto Safety Regulator Investigating Tesla Recall of Autopilot

The National Highway Safety Administration said it had concerns about how Tesla handled the recall based on recent crashes and testing of cars that had been updated.

The ex-flight attendant who now leads the airline

Mitsuko Tottori was named as the first female boss of Japan Airlines earlier this year.

Would Trump Move to Control the Fed?

Allies of the former president are said to be devising plans to reduce the central bank’s independence if he is re-elected, a move that would have big consequences for monetary policy.

National Association of Realtors' $418M settlement approved by judge, bringing changes to homebuying process

Weightlifter Campbell: Money doesn’t motivate me but I am ready to cash in

Emily Campbell says money does not motivate her, but she is ready to cash in at Paris 2024. Campbell, the first British woman to win a weightlifting Olympic medal when she claimed silver in Tokyo, was speaking after World Athletics announced they would be giving gold medallists at this ...

Diamonds won’t be forever unless miners make them sparkle

The natural jewels have lost their old mystique because carbon crystals can be grown in labs

Do you have a plan to retire early?

FT Money wants to hear from readers who want — and think they can afford — to escape the rat race

Alert: An inflation gauge closely tracked by the Federal Reserve shows price pressures remain elevated

An inflation gauge closely tracked by the Federal Reserve shows price pressures remain elevated.

US shale drillers deploy new tech to boost productivity

After years of declining shale productivity, new breakthroughs such as three-mile laterals, simultaneous fracking tech and el -More- 

Louisiana Will No Longer Require Students to Fill Out FAFSA to Graduate

Experts say high school seniors are more likely to go to college if they complete the financial aid form, but the state sees privacy issues with mandating it.

A Turkish court sentences a Syrian woman to life in prison for a bombing in Istanbul in 2022

Turkey’s state-run news agency has reported that a court sentenced a Syrian woman to life in prison for a deadly explosion on a busy shopping district in Istanbul in 2022. Alham Albashir was given seven consecutive life sentences after being convicted on terrorism charges on Friday. The blast ...

The Fed’s Favorite Inflation Index Remained Stubborn in March

Hopes for substantial cuts in interest rates are fading as inflation shows more staying power than expected.

Course Offering - Virtual Dates Available | Fitness-for Service: API 579-1/AMSME FFS

This Fitness-For-Service training course will provide attendees with an introduction to API 579-1/ASME FFS-1.  -More- 

News24 Business | Eskom launches tender for 75MW solar plant at Lethabo

Earlier this month, Eskom issued a tender for a 75MW solar plant at its Lethabo power station in the Free State, which will form part of the utility's just energy transition strategy.

He Paid $13 for $13,000 Cartier Earrings, and Then the Jeweler Noticed

When Rogelio Villarreal bought rose-gold earrings for a price that the luxury retailer said was a mistake, he looked to a Mexican consumer protection law.

News24 Business | Eskom quietly shed tender that would have given its logo a makeover

Eskom cancelled its controversial tender to appoint a service provider to build a new corporate identity for the Eskom group of companies in March. This included designing a new logo for the utility.

Read The Inspiring Journey Of Rohini Nilekani Who Mastered The Balancing Act Of Motherhood And Career

Two decades ago, Rohini Nilekani embarked on her philanthropic journey by providing financial support for young girls.

News24 Business | Implats warns it could cut nearly 4 000 jobs, eyes 30% reduction in head office costs

Impala Platinum, the world's second-largest platinum producer, said on Friday it has entered into retrenchment talks that could affect 3 900 positions.

ExxonMobil and Chevron Report Lower Earnings

Profits for the two oil giants, which are locked in a standoff over drilling off the coast of Guyana, were squeezed by lower profitability for refining crude and falling natural gas prices.

States fight new BLM methane rule in court

Texas, North Dakota, Montana and Wyoming have filed a lawsuit asking the US District Court for the District of North Dakota t -More- 

A year later, Florida businesses say the state's immigration law dealt a huge blow

Florida passed in 2023 one of the strictest immigration laws in the country, and now businesses struggle to find workers in several sectors of the economy

Ng’s stable due another Power surge towards title with Drombeg

TRAINERS’ championship leader Pierre Ng must have breathed a sigh of relief at Happy Valley in midweek when a winning double broke a long losing sequence of 40 runners for the stable this month. Winners breed confidence and Ng will surely be more than hopeful that front-running DROMBEG BANNER ...

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Candace Chellew

Speaking of the importance of self-reflection, I'm going to take a little staycation next week to focus on my own mental heal

Higher sales volume pushes up Maruti Suzuki Q4 profit by 47.8% to Rs 3,877.8 crore

US gas drillers continue to show restraint amid gas slump

Deferred well completions, production cuts and rig activity reductions remain common themes in US shale gas basins as natural -More- 

Posh makeovers for city premises as work and play come together

Older office and hotel buildings in Sydney and Melbourne are being turned into upmarket ‘club meets office meets hotel’ projects, sparking new life in strata markets.

Biden administration levels up grid readiness work

The Biden administration on Thursday unveiled a series of actions that will support grid modernization.  -More- 

What to know about Zyn, the tiny nicotine pouch that's sparked a big health debate

A small nicotine pouch called Zyn is sparking big debates about the benefits and risks of new products from tobacco companies. Zyn is an oral pouch that contains nicotine powder and flavorings like mint, coffee and citrus. It's sold to adult tobacco users as an alternative to cigarettes and ...

practice

Put it into practice: The best coaches, Rockwell notes, don't compete with those they're coaching and will also have a coach

University protesters want their schools to divest from Israel over its war in Gaza

NPR's Leila Fadel speaks with Chris Marsicano of Davidson College in North Carolina about how higher education institutions might go about divesting from Israeli interests, as demanded by protesters.

Telegraph auction to re-open as Redbird IMI looks to withdraw £600m bid

RedBird IMI is working to finalise a structure for the sale with ministers, who are hoping to cling on to some oversight of the Telegraph.

Elon Musk Gets Richer Than Mark Zuckerberg As Meta CEO Suffers $18 Billion Loss

Earlier this month, the two billionaires switched positions when it was reported that Tesla’s car sales had declined in the three months through March.

Former 'Dance Moms' star takes the lead in Ad Council’s mental health campaign

Capture the Convo marks former Dance Moms star Nia Sioux’s directorial debut and features her friends sharing how to have mental health conversations that can be both necessary and difficult.

Survey: Retirement may come sooner than people expect

Some people may expect to remain in the workforce longer than they actually will, a survey by the Employee Benefit Research I -More- 

Clarks chief executive steps away after two years at shoe seller to

The chief executive of shoe retailer Clarks, Jon Ram, has resigned after two years in the role to "pursue other opportunities", City A.M can reveal.

How small business can work around the noncompete ban

The Federal Trade Commission prohibited future noncompete agreements on Tuesday, which can harm small businesses' talent rete -More- 

Paying extra for ‘earth-friendly’ products? You’re probably being scammed

The use of vague environmental claims that confuse consumers, such as “eco” or “green”, is being banned in the EU. Australia should do the same.

GDP growth below expectations in Q1 as inflation rises

GDP increased an annualized 1.6% in the first quarter, below expectations, as consumer and government spending slowed, accord -More- 

Jury in Abu Ghraib trial says it is deadlocked; judge orders deliberations to resume

A judge ordered jurors Friday to keep deliberating after they said they were deadlocked in a lawsuit alleging a Virginia-based military contractor is liable for abuses suffered by inmates at the Abu Ghraib prion in Iraq two decades ago. The eight-person civil jury has deliberated the equivalent ...

Thames Water customers will have paid £540mn for London’s ‘Super Sewer’

Breakdown of accounts comes as testing on Tideway tunnel set to begin and UK’s biggest water provider faces debt crisis

Neobank Mercury prepares venture into consumer banking

US-based neobank Mercury, which focuses on working with startups, says it will expand into consumer banking with its new prod -More- 

How High Wall Street Thinks the Fed Will Keep Interest Rates

Stubborn inflation has led traders to forecast far fewer rate cuts by the Federal Reserve than just a few months ago.

How to Stop Your Car When Brakes Fail? Check Safety Tips

If you are facing a sudden brake failure, staying calm is the first step that will help you save your life.

Financial Times reader survey

To improve your SIFMA SmartBrief experience, we are curious how you interact with specific news sources, such as the Financia

You must believe in your team to coach them effectively

Leaders who want to be good coaches for their direct reports put others at the center of their attention so they can notice p -More- 

Yen hits 34-year low as BoJ holds rates

The Japanese yen has dropped to its lowest level in 34 years, reaching 156.82 against the dollar, after the Bank of Japan dec -More- 

JPMorgan's Dimon says stagflation is possible outcome for US economy, but he hopes for soft landing

JPMorgan CEO Jamie Dimon says stagflation could be one of a number of possible outcomes for the U.S. economy as the Federal Reserve attempts to tame stubbornly high consumer prices. In an interview with The Associated Press at a Chase branch opening in The Bronx, Dimon said he remained ...

Experts: IPO market set to open up -- eventually

The initial public offering market hasn't gotten off to the hot start expected for 2024 as many startups and investors remain -More- 

Would you change your name to get a job?

Research has shown it could be your name that is causing you to be placed in the reject pile. But why should applicants to do all the work?

Darktrace exit snuffs out another light on the London market

The cyber specialist has had a bumpy three-year ride as a public company

Corporate insolvencies in England and Wales fall in March

First annual decline in volatile data set since July 2023 but numbers remain higher than pre-pandemic average

Cherokee culture influences its work environment

The largest tribe in the US, the Cherokee Nation, has 467,000 citizens worldwide, 45 companies and 15,000 employees, about 80 -More- 

Impact of FTC ban on noncompete agreements uncertain

Some lawyers and recruiters believe the Federal Trade Commission's ban on noncompete agreements could make valuable new talen -More- 

World Bank warns commodity prices may delay rate cuts

High commodity prices, which are still above pre-pandemic levels, are likely to prevent central banks from reducing interest  -More- 

Tech CEOs Altman, Nadella, Pichai and others join government AI safety board led by DHS' Mayorkas

The CEOs of leading U.S. technology companies are joining a new artificial intelligence safety board to advise the federal government on how to protect the nation’s critical services from “AI-related disruptions.” Homeland Security Secretary Alejandro Mayorkas announced the new board ...

Inflation continues to underscore Fed's case for caution

The core personal consumption expenditures price index climbed at a 3.7% annual rate in the first quarter, providing the late -More- 

Secondary market develops to aid private credit liquidity

Growth in private credit has led to difficulty exiting some holdings, but a solution is taking shape in the form of portfolio -More- 

Surging auto insurance rates squeeze drivers, fuel inflation

Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation. Auto insurance rates rose 2.6% in March and are up 22% from a year ago. Premium costs have marched steadily higher since 2022, even as inflation at the consumer level cooled from its 9.1% peak in the middle ...

Hermès soars and Kering stumbles in widening luxury divergence

Quarterly sales at the two groups and market leader LVMH show the winning brands are those targeting the very wealthy

140,000 people did their taxes with the free IRS direct file pilot. But program's future is unclear

The IRS says more than 140,000 taxpayers filed their taxes through its new direct file pilot program. It says the program’s users claimed more than $90 million in refunds and saved roughly $5.6 million in fees they would have spent with commercial tax preparation companies. But despite what ...

Starts May 1: Register for the US-China Relations and Financial Services webinar series

The economic relationship between the US and China is evolving.  -More- 

Berkshire Hathaway's real estate firm to pay $250 million to settle real estate commission lawsuits

A real estate company owned by Warren Buffett’s Berkshire Hathaway has agreed to pay $250 million to settle lawsuits nationwide. The lawsuits claimed that longstanding practices by real estate brokerages forced U.S. homeowners to pay artificially inflated broker commissions when they sold ...

Olive oil is getting harder to find and costing as much as 70 per cent more. Here’s why

Olive oil is among the essential household staples that have increased in price thanks to climate change’s impact on weather unpredictability, joining the ranks of cocoa and coffee.

PCE price index up 2.7% in March

The personal consumption expenditures price index rose 0.3% from the prior month in March and was up 2.7% from a year earlier -More- 

10-year Treasury tests 5% yield amid inflation concerns

Investors are bracing for the possibility that the 10-year Treasury yield will reach a 16-year high of 5% as inflation concer -More- 

Interactive Brokers expands Treasury trading hours

Interactive Brokers has extended the trading hours for Treasury bonds to 22 hours for each weekday.  -More- 

TikTok ban could create major opportunity

People watched the average TikTok video roughly 23,000 times more than the average Instagram Reels clip and more than double  -More- 

Owner of exploding Michigan building arrested at airport while trying to leave US, authorities say

The owner of a suburban Detroit business that caught fire and exploded, killing a man, was arrested at a New York airport as he was preparing to depart for Hong Kong on a one-way ticket. Authorities say Friday that 31-year-old Noor Noel Kestou was arrested Saturday. He was brought back ...

BGC Group's futures venture wins industry backing

Ten investment banks and market makers are investing a combined $172 million for a 26% stake in FMX, a futures exchange that  -More- 

India's forex reserves decline further after hitting record high

The 22-mile trip for post-Brexit border controls starts next week

Checks on food arriving at Dover will be carried out on the outskirts of Ashford

Air China orders 100 homegrown jets

Air China has announced plans to buy 100 Comac C919 airliners, a major boost to the homegrown planemaker seeking to disrupt the commercial aircraft duopoly locked down by Airbus and Boeing.

Biden Delays Ban on Menthol Cigarettes

The proposal had been years in the making, in an effort to curb death rates of Black smokers targeted by Big Tobacco. In an election year, the president’s weak support among Black voters may have influenced the postponement.

Once advantageous niche financing puts NextEra in a bind

NextEra Energy Partners, a subsidiary of NextEra Energy, is grappling with the repercussions of its convertible equity portfo -More- 

Amigos For Kids infiltrates online reviews to find missing children

The campaign involved writing Yelp and Google reviews for businesses in areas where a child had recently gone missing to raise awareness.

Net neutrality is back: U.S. promises fast, safe and reliable internet for all

The U.S. will reinstate Obama-era regulations for internet service providers that promise fast, reliable and fair internet speeds for all consumers. What happened when those rules were taken away?

Google plans to invest $2 billion to build data center in northeast Indiana, officials say

Officials say Google plans to invest $2 billion to build a data center in northeastern Indiana to help power its artificial intelligence technology and cloud business. The Journal Gazette reports that the planned data center in Fort Wayne was announced in January, but Google and Gov. Eric ...

BHP’s move for Anglo signals fierce battle for resources vital to green transition

Also in this newsletter: US inflation higher than expected, panic on Wall Street, science round-up

Sizeable slice of old Fitzroyalty up for grabs

The Fitzroy estate belonging to notorious slum landlord Frank Cassar has hit the market, 13 years after his death and a bitter family feud involving a fake will.

Make In India Hyundai Creta EV Coming Soon, Production Likely To Start In December 2024: Reports

The Creta Electric is expected to inherit design elements from the recently launched Creta facelift.

Friday evening news: King to resume public duties as doctors pleased with cancer treatment briefing

UK consumer confidence rises on tax-cut hopes

UK consumer confidence has improved this month, buoyed by easing inflation and the anticipation of further tax cuts, enhancin -More- 

Commentary: PCAOB rule could make auditors legal enforcers

The Public Company Accounting Oversight Board is proposing a rule that could significantly expand auditors' responsibilities, -More- 

US Silica agrees to go private in $1.85 billion acquisition by Apollo Global

U.S. Silica has agreed to go private in an all-cash acquisition by Apollo Global Management that values the industrial minerals company at about $1.85 billion. U.S. Silica says that shareholders would receive $15.50 in cash for each share. Once the deal closes, U.S. Silica’s stock will ...

'Do you have any idea of the suffering you have caused?': Ex-Post Office boss accused of 'lying throughout' at inquiry

A former top Post Office executive has denied lying "throughout" her two days of testimony at the inquiry into the Horizon IT scandal.

Two died after UK shift from analogue to digital phone lines

Government says it met Virgin O2 chief executive and Ofcom after incidents last year

ECB's Panetta calls for rate cuts soon

European Central Bank Governing Council member Fabio Panetta has advocated for immediate rate cuts to avoid the need for ultr -More- 

News24 Business | Sibanye-Stillwater reduces Neal Froneman's pay by two-thirds to R55 million

Following a big opposition from shareholders holding almost half of its shares last year and biting commodity prices that are causing the company to retrench employees, diversified miner Sibanye-Stillwater has reduced the remuneration of its chief executive by two-thirds during the past ...

Reality or sales hype? How to spot AI washing

With all the hype surrounding artificial intelligence, it's important to be able to discern marketing from reality, writes fu -More- 

‘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.

Regulators close Philadelphia-based Republic First Bank, first US bank failure this year

Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit Insurance Corp. said Friday it had seized the Philadelphia-based bank, which did business as Republic Bank had roughly $6 billion in assets and $4 billion ...

The business case for creativity

In today’s corporate landscape, creativity is no longer confined to the marketing department, says David O’Hearns Keir Starmer has said we are in the midst of a “creativity crisis”, with arts subjects having been diminished and devalued for well over a decade. His recent speech said ...

LanzaTech collab creates novel sustainable anorak using captured carbon emissions

LanzaTech has partnered with athletic apparel retailer lululemon and enviro-tech startup Samsara Eco to create the Packable A -More- 

‘Terminator’ creator James Cameron says AI could replace him — but not Schwarzenegger

Director says technology at some point will ‘write a script, direct a movie’

LVB-DBS deal: HC asks RBI to relook at valuation

The Madras HC has asked RBI to carry out a valuation of shares and assets of DBS Bank India and Lakshmi Vilas Bank as on the date before their amalgamation in Nov 2020. RBI has been asked to take a fresh decision on reduction of the value of shares and writing off the tier-2 bonds, based on the ...

Handout funding to diminish spending on other projects

Once the government allocates substantial funds for its flagship digital wallet handout, spending on other projects will be reduced, says finance permanent secretary Lavaron Sangsnit.

UAW strike at Daimler Truck averted at 11th hour

More than 7,000 Daimler Truck workers, most of them in North Carolina, had threatened to go on strike. The UAW says the workers will get raises of at least 25% plus cost of living allowances.

Video Game Industry Week: The Final Level

We wrap up our series on the economics of the video game industry with a triple roundup. Today, how the new ban on noncompete contracts could affect the gaming industry, whether young men are slacking off work to play games and the ever-controversial world of loot boxes. *Related ...

Mississippi legislative leaders swap proposals on possible Medicaid expansion

Mississippi Senate leaders are saying for the first time that they are willing to expand Medicaid to the full level allowed under a federal law signed 14 years ago by then-President Barack Obama. Senators offered a proposal Friday in negotiations with fellow Republicans in the House. Senators ...

AirAsia looks outside Asean after divestment

AirAsia wants to extend beyond Southeast Asia by offering aviation consulting and planning, separating aviation from non-aviation ventures.

Dead whistleblower accused Boeing of safety breaches

John Barnett had been giving a formal legal deposition against the plane manufacturer before his sudden death.

RBI sets rules for loan e-aggregators

The Reserve Bank of India has updated its guidelines for web aggregators of loans to ensure that consumers get a fair and transparent deal. The RBI has also clarified guidelines on loss default guarantees that can be provided by fintechs to lenders on personal loans they distribute.

For Fox News, Student Protests Are a Familiar Target

On Fox and in other conservative outlets, the protests have given new lease to a long-running argument that students at elite universities are intolerant of conservative views.

SF tech exec buys one of the country's most well-known, loved media companies

Global Tetrahedron, the new owner of the Onion, has a major San Francisco tie.

RBI Issues Draft Rules For Web Aggregators Of Loan Products

The RBI specifies that the digital view should include essential details such as the name of the bank or NBFC extending the loan.

Beekeeping biologist finds plastic-eating worms by chance

Waxworms, which feed on beeswax, produce enzymes that break down plastic, a feat that amateur beekeeper and molecular biologi -More- 

US calls India among most challenging on IPR safety

The US Trade Representative has called India among the most challenging major economies on enforcement and protection of intellectual property rights (IPR) and retained it on Priority Watch along with China, Indonesia, Russia, Chile, and Venezuela. “These countries will be the subject ...

An emergency slide falls off a Delta Air Lines plane, forcing pilots to return to JFK in New York

An emergency slide fell off a Delta plane that was taking off from New York, and pilots returned to the airport and landed safely. The incident happened Friday after takeoff from JFK Airport. The Boeing 767 was scheduled to fly to Los Angeles with 176 passengers and seven crew members. Delta ...

Southwest Airlines is considering changes to its quirky boarding and seating practices

Get ready for changes in boarding and seating at Southwest Airlines. The airline says it's studying possible changes as it looks for new sources of revenue. Airline officials said this week they won’t have anything to announce until September, and that's leading to lots of speculation about ...

Keimed merges with Apollo Health Co; Combined enterprise value is Rs 22,481 crore

In a significant merger in the healthcare sector, wholesale pharma distribution company Keimed has merged with Apollo Health Co Limited (AHL), a subsidiary of Apollo Hospitals Enterprise Limited (AHEL). This takes the combined enterprise value of the two entities to Rs 22,481 crore. While ...

Temporary farmworkers get more protections against retaliation and other abuses under new rule

Temporary farmworkers workers are getting more legal protections against employer retaliation, unsafe working conditions, illegal recruitment and other abuses. The rule announced Friday by the Biden administration aims to bolster support workers on H-2A visas. Each year hundreds of thousands ...

Thai TV drama firm seeks global soft power

Be On Cloud, a company known for producing popular Boys Love or Y Series TV dramas, aims to promote Thailand's soft power and local products on the global stage through its series.

Andy Dunn on work-life balance, early team management

Founders should keep as many direct reports as possible in the early days, writes Bonobos founder Andy Dunn.  -More- 

Biden administration abandons plan to ban menthol cigarettes, citing 'feedback'

An anti-smoking advocate says the decision to leave menthol cigarettes on the market "prioritizes politics over lives, especially Black lives."

Williams-Sonoma must pay almost $3.2 million for violating FTC's 'Made in USA' order

Home products retailer Williams-Sonoma will have to pay almost $3.2 million penalty for violating a Federal Trade Commission “Made in USA” order. Williams-Sonoma has been charged with advertising multiple products as being “Made in USA” when they were in fact manufactured in other ...

A California bill aiming to ban confidentiality agreements when negotiating legislation fails

A bill to ban the use of confidentiality agreements when negotiating potential laws in California has failed to pass. The bill by Republican Assemblymember Vince Fong failed to pass a legislative committee on Thursday. The bill was inspired by negotiations last summer around a law that requires ...

Mexican farmers dig up illegal irrigation systems

The drought in Michoacan, Mexico has reached new levels of urgency as rivers, streams and even lakes are drying up.  -More- 

Will Labour’s plan make train tickets cheaper?

What impact will Labour's pledge to nationalise the railways have?

Buffett’s real estate brokerage to pay $250mn over commission lawsuits

Settlement resolves second of Berkshire Hathaway’s three big legal entanglements over the past year

Michael C. Jensen, Who Helped Reshape Modern Capitalism, Dies at 84

He heralded stock options and golden parachutes as a professor at Harvard Business School, influencing a generation of Wall Street executives.

Toyota to invest $1.4 bil to set up 2nd EV production site in U.S.

Toyota Motor Corp said Friday it will invest $1.4 billion in its factory in the U.S. state of Indiana to start producing electric vehicles from 2026, making it…

How major US stock indexes fared Friday, 4/26/2024

Alphabet and Microsoft led the U.S. stock market to its first winning week in the last four and its biggest weekly gain since November. The S&P 500 rose 1% Friday. The Dow Jones Industrial Average added 0.4%, and the Nasdaq composite gained 2%. Google’s parent company jumped after breezing ...

Study finds hurricanes threaten forestry credit schemes

One hurricane can wipe out as much as 10% of trees in heavily forested areas, and storms are expected to increase in frequenc -More- 

Asian shares get lift from US tech results

RECAP: Asian shares rose yesterday, led by tech firms after strong earnings reports from Microsoft and Alphabet on Wall Street. But investors are becoming resigned to the idea that US interest rate cuts are probably many more months away.

Essel Homes, Primcomm face insolvency proceedings

The National Company Law Tribunal (NCLT) has ordered the initiation of insolvency resolution proceedings against Essel Homes and Primcomm Media Distribution Ventures after Gnex Realtech defaulted on repayment of loans of nearly Rs 261 crore to Indiabulls Housing Finance. Essel Homes and ...

Volleyball at the Eiffel Tower: Paris begins Olympic makeover

Preparations have begun to allow breakdancers at the Place de la Concorde and archers at Les Invalides

US to rush Patriot missiles to Ukraine as Pentagon builds up support

Move comes as Biden administration begins parcelling out funds unlocked by Congress this week

India’s first: Japanese Sharp looks to set up display fab unit

India is headed to bag investments for the country’s first display fab semiconductor unit – used for making televisions and other digital screens – with Japanese Sharp approaching the Central govt for setting up a 1,000-acres facility that will be used to cater not just to the domestic ...

What ChatGPT can do to boost sales, tackle busywork

Aytekin Tank, founder and CEO of Jotform, writes that ChatGPT can help salespeople by analyzing data, identifying target mark -More- 

How 6 brands celebrated Take Your Kid to Work Day

Duolingo, Unilever, TikTok and other brands went all out to impress the next generation.

Oregon's Sports Bra, a pub for women's sports fans, plans national expansion as interest booms

An Oregon sports bar focusing on and showing only women's athletics has plans to expand across the country through a franchise model. The Sports Bra opened two years ago in Portland, the state's largest city. Its founder and CEO says she already has fielded hundreds of inquiries from potential ...

Deutsche Bank braces for €1.3bn hit to profits from Postbank litigation

Court has warned lender it is likely to lose parts of complex lawsuit brought by former shareholders of rival

Yen sinks to 158 range against dollar in New York

The yen weakened to the 158 range against the U.S. dollar in New York on Friday, falling to a fresh 34-year low, after the Bank of Japan kept…

ANA enjoys record earnings on robust tourism growth

ANA Holdings Inc said Friday its net profit rose 75.6 percent to a record 157.10 billion yen in the business year ended March, driven by global tourism growth…

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

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

Cybercriminals using AI for attacks

Cyber-attacks will increasingly use artificial intelligence (AI) to speed up their post-exploitation activities at targeted organisations, according to Palo Alto Networks.

Global and Thai economies face rising risk

Three recent events have changed the world economic picture and monetary policy outlook.

RBI provides road map for SFBs' move to universal banks

RBI has outlined the eligibility criteria for small finance banks (SFBs) to become a universal bank. This transition will enable them to provide loans to larger businesses and offer the full range of financial services and banking products.

Dollar strength: Why developing countries are nervous

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

Biden officials indefinitely postpone ban on menthol cigarettes amid election-year pushback

President Joe Biden’s administration is again delaying a sweeping plan to ban menthol cigarettes. Anti-smoking advocates are upset about the delay, but the decision could avoid angering Black voters ahead of November elections. Biden’s top health official said Friday the administration ...

Regulators Seize Republic First, a Troubled Philadelphia Bank

The relatively small bank, the first to fail this year, will have its deposits assumed by another Pennsylvania lender, Fulton Bank.

US dealmakers forced to adjust as unions flex their muscles

Workers’ groups increasingly adopt strategies used by activist hedge funds to exert pressure on companies

Net Neutrality Rules Restored by FCC, Reversing Trump

The FCC voted along party lines to finalize a proposal first advanced in October to reinstate open internet rules adopted in  -More- 

BNEF: World added 45GW of energy storage in 2023

The world deployed a record 45 gigawatts of energy storage capacity in 2023 and is on track for similar growth this year, rep -More- 

Lower power bills if PTT pays fines

The Energy Regulatory Commission (ERC) is planning to lower power bills near the end of this year if national oil and gas conglomerate PTT Plc pays fines worth 4.7 billion baht that it reportedly collected from gas suppliers who did not comply with gas purchase contracts.

Relief for lessors: Delhi high court directs DGCA to de-register 54 GoAir planes

The lessors of 54 aircraft to grounded-since-last May GoAir finally got relief on several counts from the Delhi high court on Friday which directed the Directorate General of Civil Aviation (DGCA) to de-register these planes within a maximum of five working days. The revival of GoAir under IBC ...

Most drivers will pay $15 to enter busiest part of Manhattan starting June 30

Transit officials say the start date for the $15 toll most drivers will be charged to enter Manhattan’s central business district will be June 30. Under the so-called congestion pricing plan, the $15 fee will apply to most drivers who enter Manhattan south of 60th Street during daytime hours. ...

Upgraded Museums Add New Value at Colleges and Universities

Educational institutions across the United States are spending more money to renovate museums and make them a more integral part of learning.

Spain busts counterfeit ring behind fake euro coins

After years of investigation, Spanish police have arrested 10 individuals allegedly responsible for bringing forged €2 coins into circulation throughout the EU. So how can you tell if that coin in your hand is real?

ICICI Bank reports 18.5% growth in Q4 net profit at Rs 11,672 crore

Private sector lender ICICI Bank on Saturday announced that its consolidated net profit for the March 2024 quarter increased by 18.5% to Rs 11,672 crore. This marks a significant rise from the net profit of Rs 9,853 crore reported in the corresponding period of the previous year. The second ...

How to Handle Your Finances as a Young Widow or Widower

People who suddenly lose a spouse while young can feel unprepared for what their future looks like.

Mehul Prajapati Did Nothing Wrong By Using Food Bank Help: Here's Why

The criticism directed at Prajapati arises from various misunderstandings.

How Business Leaders Could Address Antisemitism on Campus

Business executives who are concerned about antisemitism on college campuses have other options for influencing the schools’ actions, Andrew Ross Sorkin writes.

California Disney characters are unionizing decades after Florida peers. Hollywood plays a role

The character performers at Disneyland in California have said they filed a petition for union recognition. The organizing effort comes more than four decades after their peers at Disney's parks in Florida joined a union. Why now for the California character performers? A lot of it has to do ...

ICICI Bank Q4 net profit jumps 17.4% to 10,708 crore, asset quality improves

ICICI Bank, the second-largest private lender, has reported a net profit of Rs 10,708 crore for the quarter ended March 2024, marking an increase of 17.4%, surpassing analyst forecasts. The bank’s board has recommended a dividend of Rs 10 per share. At the end of the quarter, the bank’s ...

Bob Diamond sets sights on rivalling TikTok with social media start-up

Former Barclays boss to chair lossmaking video platform that claims $3bn value

Traditional insurers are ‘like frogs getting boiled’, says industry veteran

Anant Bhalla turned a life insurer into a play on private assets. Now he wants to build a ‘merchant bank’ for the industry

Is there enough student housing for the next cohort of school leavers in September?

“It’s a good time to enter the market,” Jay Ahluwalia, principal director of Dominus, said. Dominus, which previously focused on hotels and real estate, currently has two student builds in development in London. 

HP, Visa, Aramco: Who are the main sponsors of each F1 team?

The names of F1 teams are getting more and more difficult to remember given the endless number of sponsorship deals within the sport. Here City A.M. has broken down who partners with who, and what that has done to each of the team’s names. BWT Alpine F1 Team BWT is an Austrian manufacturing ...

Delta Flight Loses Emergency Slide After Takeoff From J.F.K.

The plane had taken off from Kennedy International Airport when crew members noticed problems near its right wing, Delta said. What became of the slide is unknown.

Yes Bank net rises 123% quarter-on-quarter to 452 crore in Q4

News24 Business | Johan Fourie | Predicting election results is notoriously tricky - so why, and how, do we do it?

Trying to predict the future is a fool's errand, and yet we still try to do it - with mixed results, says Johan Fourie.

Dutch kick-start European attempts at carbon capture

Success of Rotterdam project would help assuage concerns over CCS technology

Instagram, YouTube the biggest likely winners of TikTok ban but smaller rivals could rise too

While a bill to ban TikTok if it doesn't change owners has received President Joe Biden's signature, it could still be years before the popular video-sharing app is actually blocked from U.S. app stores — if it is blocked at all. Still, rivals that stand to benefit form a TikTok ban could see ...

Private equity backing has made casual dining market ‘lazy,’ Hestia boss warns

The owner of a premium hospitality investment group which is targeting revenue of £100m over the next three years has said operators in the casual dining market have gotten “lazy” because of private equity backing. 

Bank of England to cut interest rates in August before the Fed, economists predict

The Bank of England is expected start cutting interest rates in August before the US Federal Reserve, a City A.M. poll of top economists has revealed, as inflation edges back down to the government's two per cent target.

Butlin’s sues Aviva over definition of a storm after £60mn flood damage

Holiday group to go head to head with insurers in High Court after rainfall shut down Somerset resort

Jupiter to retain £500mn of departing star manager’s fund

Merlin ‘fund of funds’ will keep half of money managed by Ben Whitmore

‘Conservative apprehension’: Chinese buyers cautious after tariffs dropped

Rathbone Wine Group is quickly returning to exporting its vintages to mainland China, but the road to international export recovery remains rocky.

In Race to Build A.I., Tech Plans a Big Plumbing Upgrade

The spending that the industry’s giants expect artificial intelligence to require is starting to come into focus — and it is jarringly large.

Trials for short distance Vande Metro trains to begin in July, for Vande Bharat sleeper in May

Indian Railways is gearing up to commence trial runs of short-distance Vande Metro trains in July, alongside the launch of the sleeper version of Vande Bharat next month. The Vande Metro trains are slated to operate on routes spanning 100-250 kilometers, while the Vande Bharat Sleeper trains ...

Netflix adds 9.3 million new subscribers, beats expectations

The streaming service now claims a total audience of over half a billion and has tried to maximize revenues by cutting down on account sharing and introducing advertisements.

Carnegie Museum Exhibit Explores Pittsburgh’s Legacy of Steel

At the Carnegie Museum of Art, an installation by the artist Marie Watt celebrates the region’s industrial history with I-beams and glass.

The Algorithm by Hilke Schellmann — why AI really is coming for your job

Tools used by recruiters and managers to hire and fire may be doing more harm than good

'Buying a first home is harder when you're single'

A report says two high incomes are increasingly needed to afford a mortgage, leaving millions stuck.

‘I work best at 6am’: What a day in the life of a scientist looks like

Associate professor Natalie Trevaskis says her job – and family life – has multiple moving parts.

City assembly in Saga Prefecture OKs request for nuclear waste site survey

The municipal assembly of Genkai in Saga Prefecture has given the go-ahead for the town to request a preliminary survey by the state to gauge its suitability to…

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

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

Sai Swami Metals & Alloys plans to raise Rs 15 crore through SME IPO

Elon Musk heading to China for visit to Tesla's second-biggest market, sources say

Elon Musk is heading toward Beijing to discuss fully driving software and data transfer approval with Chinese officials. Tesla stored Chinese fleet data in Shanghai as per regulations, not publicly available in China. Earlier, Musk said that Tesla may make FSD available to customers in China ...

S Korea to consult Naver, after report firm faces Japan pressure to divest stake

South Korea said on Saturday it will consult with Naver, after media reported that the domestic internet company was under pressure from Japan to divest from a venture,…

Chinese regulators warn against SVB-style meltdown

Regional banks have been piling into long-dated sovereign bonds since January

Mandatory service charge 'unfair', Mum eatery told to refund amount

Long lines form and frustration grows as Cuba runs short of cash

HAVANA (AP) — Alejandro Fonseca stood in line for several hours outside a bank in Havana hoping to withdraw Cuban pesos from an ATM, but when it was almost his turn, the cash ran out. He angrily hopped on his electric tricycle and traveled several kilometers to another branch where he finally ...

Banks pay savers more as ‘higher-for-longer’ rates hit interest income

US lenders are having to fight to keep depositors from leaving with no Fed rate cuts in sight

Katy Perry Flaunts Her New Tesla Cybertruck; Elon Musk Responds

Katy Perry thanked Elon Musk For her New Tesla Cybertruck delivery on the X platform formerly Twitter).  

Bank Holidays Alert: Banks To Remain Closed On THESE Dates In May 2024

Online banking services will continue without interruption during all bank holidays and weekends.

New parts of Pablo Escobar’s Colombia are open to visitors. We were first in.

New areas of Colombia are welcoming visitors. We stepped inside

Luxury fashion brands struggle to compete with celebs in the branded beauty craze

“There has been a massive shift; we are inundated with brands now. The selectivity is really the main challenge,” Clare Horner, group beauty director at UK luxury department store Harvey Nichols.

A Wealth Shift That Could Leave Some Younger Americans Behind

Assets held by baby boomers are changing hands, but that doesn’t mean their millennial heirs will be set for life.

Blade Now Offers a $275 Bus Ticket to The Hamptons

Blade, after a decade of flying passengers to eastern Long Island on helicopters, is getting into the luxury coach business.

Turkey in talks with ExxonMobil over multibillion-dollar LNG deal

Ankara wants ‘new supply portfolio’ to make it less reliant on a single source, minister says

FirstFT: Profits and tax payments jump at European banks still in Russia

Also in today’s newsletter, German flash CPI today and 11 countries to breach EU deficit rules

Time to celebrate one of London’s overlooked success stories

The decline of London’s equity market has dominated the headlines, obscuring what has been one of the City’s great success stories.

EPFO Update: How To Check PF Balance In 4 Easy Ways, Details Here

As EPFO members are waiting to know their interest credit status, here are 4 ways to check PF Balance --Online, SMS, Missed Calls, Umang App.

Neil Woodford is offering advice, should we listen?

Neil Woodford, who was investigated by the FCA after losing billions, is telling us to be optimistic about the economy. He has a point, says Eliot Wilson Neil Woodford, whose eponymous investment fund collapsed amid investigation by the Financial Conduct Authority in 2019, has obviously been ...

FTSE 100 today: London markets set to extend rally; US Fed decision, Apple, Amazon earnings in spotlight

Asian shares rose alongside their US counterparts, with Hong Kong equities extending a rally for the sixth straight day. The Japanese yen plunged below ¥160, but authorities did not intervene due to the holiday, while oil and gold prices dropped. The focus remained on upcoming earnings reports ...

New ClearVue US boss to boost smart glass supply

ClearVue Technologies is hellbent on boosting its smart glass manufacturing after its new North American boss pinpointed a US supply deficit as his major focus.

Big Tech investors question AI pay-off

How long can Wall Street’s AI-fueled rally continue without clear evidence of profit?

Why the FCA will name firms we are investigating

The FCA will name some firms that are subject to enforcement investigations to reassure people that rules are upheld and integrity enforced

Climate change increases chances of zoonotic disease ‘spillover’

Habitat encroachment means more opportunities for animal-to-human infection

The Notebook: Macron’s Olympian swim is good PR, but the water crisis needs serious attention

Kate Elliot, head of sustainable research at Greenbank Investments, takes the Notebook pen to tell us why the water crisis is so urgent.

BHP’s bid for Anglo American chips away further at London’s reputation

Company’s exit would deal another blow to City’s status as home to listed mining groups

The UK and the UAE must work together to beat climate change

With an enabling regulatory environment, a world-class legal system, multifarious global connections and access to incredible talent and skills, the Square Mile is perfectly placed to help the Gulf nations achieve their green ambitions

How Europe solved its Russian gas problem

The bloc has avoided an energy crisis, but the short-term solutions could harm competitiveness and the green transition down the line

Spain is in suspense waiting for Pedro Sánchez to say whether he will resign or stay in office

Spain is in suspense as it waits for Prime Minister Pedro Sánchez to announce whether he will continue in office or leave. Sánchez shocked the country last week when he said he was taking five days off to think about his future after a court opened preliminary proceedings against his wife ...

Britons avoid the pub as cost of living weigh on leisure spending

Deloitte survey shows people opting to spend less money on social drinking than at any time since lockdown

Climate change risks fuelling antibiotic-resistant ‘superbugs’

Global warming, flooding and pollution could all help promote evolution of pathogens

Deforestation opens paths for disease spread from animals to humans

Damage to habitats and closer contact can help multiple infections jump from wildlife

How to resolve the great debanking debate

Tighter rules tend to mean louder protests when those affected feel hard done by

Yen sinks to 34-year low past 160 per dollar

The yen sank to a new 34-year low past 160 per dollar on Monday after a forecast-beating US inflation reading dented expectations for US interest rate cuts this year. "Markets appear to be trying to push dollar-yen towards 160 in the absence of official intervention," said Vishnu Varathan, ...

Insurers warn climate change means an unhealthy prognosis for cover

Effects will increase illness and force the industry to adapt, executives say

UK pothole crisis costs £14.4bn every year from longer journey times and vehicle damage

The bulk of the economic cost comes from longer journey times as nervous motorists attempt to limit the damage to their cars.

UK asset managers lose their way

Plus, Monaco comes to Warrington, US stocks rise with the dollar, and Expressionists at Tate Modern

Mahindra XUV 3XO Launch Live Today; What We Know So Far

Mahindra XUV 3XO Launch Live: Mahindra XUV 3XO  teaser revealed that the vehicle will boast a dual-zone automatic climate control system. 

KPMG and former sanctioned partner hit with legal action by convicted property developer

Big Four consultancy firms KPMG and former partner has been hit with legal action by bankrupt Manchester-based property developer

China firms go 'underground' on Russia payments as banks pull back

ONDC storefronts on Amazon, Flipkart soon? Government-backed network seeks e-commerce sites’ assistance to scale up operations

The Centre has asked Amazon and Flipkart to establish Open Network for Digital Commerce (ONDC) storefronts on their home pages to support the government-backed network in expanding operations and aiding with deliveries. ONDC is in active discussion with Amazon and Flipkart for phased ...

Wet Wimbledon fails to dampen profits at All England Club as sales hit new record

A rain-affected Wimbledon and continued cost-of-living concerns failed to impact profits at The All England Lawn Tennis and Croquet Club.

Car insurers 'absorbing rising costs as premiums stabilise'

The average price paid for comprehensive motor insurance rose 1% in the first quarter of the year, according to industry data indicating an easing in the steep rises seen last year.

Gresham posts strong results as it gears up to leave London Stock Exchange

It comes three weeks after Gresham announced it is set to be bought by STG Partners, an American private equity firm, for just under £150m.

Blackstone strikes $1.6bn deal for Hipgnosis as bidding war escalates

Latest offer from US private equity firm wins backing of UK-listed music rights owner

What are Tata Sons Chairman N Chandrasekaran's top 3 focus areas for 2024?

Tata Sons chairman N Chandrasekaran has expressed a bold growth target for group chief executives, encouraging them to increase their efforts in driving growth and creating more momentum in important sectors such as electronics, electric vehicles, batteries, and steel in 2024. Chandrasekaran ...

Second-hand fashion site Vinted posts first annual profit

Europe’s largest digital marketplace for vintage clothes enjoyed rapid revenue growth in 2023

Domino’s Pizza: Poland and Croatia arm on target as sales surge in first quarter

DP Poland, the operator of Domino's pizza stores and restaurants across Poland and Croatia, reported a rise in sales in the first quarter of the year. 

Tech giant IBM kicks off London legal fight with Swiss software firm Lzlabs

Tech giant IBM is kicking off its legal battle against Swiss software company Lzlabs in the English High Court today over allegations of reverse-engineering

FT and OpenAI strike content licensing deal

Agreement comes as Microsoft-backed start-up seeks data from reliable sources to train latest artificial intelligence models

South Korea's president talks to opposition about cooperation after his party was routed in election

South Korean President Yoon Suk Yeol is talking with liberal opposition leader Lee Jae-myung about how to revive bipartisan cooperation, after Yoon’s conservative party lost massively in recent parliamentary elections. Monday's meeting is their first since Yoon took office in 2022 after ...

Yen sharply rebounds against dollar amid suspected intervention

The yen rallied sharply after dropping to a new 34-year low in the 160 level against the U.S. dollar in Asian trading on Monday amid speculation of intervention…