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Kempner reviews $250 million loan to edtech firm Byju's amid crises

The firm is reviewing its lending decision after the company lost its auditor and three board members in the same week

Turmoil at Byju's highlights hurdles for India's startup ecosystem

Already stuck in a 15-month funding slump, India's young companies are in danger of becoming collateral damage to the country's highest-profile startup crisis in years

Adani Enterprises, Green see $900 mn of block trades, sparks speculation

The flagship of Indian billionaire Gautam Adani saw 18 million shares traded in a single block Wednesday, or about 1.6% of its outstanding stock, according to data compiled by Bloomberg

Xi Jinping vows to protect foreign investors ramps up charm offensive

'Development is the top priority of the Communist Party of China in governing and rejuvenating the country,' Xi told New Zealand Prime Minister Chris Hipkins

UBS preparing to cut over half of Credit Suisse's workforce after takeover

Bankers, traders and support staff in Credit Suisse's investment bank in London, New York, and in some parts of Asia are expected to bear the brunt of the cuts

Titan submersible disaster probes face tricky test of criminal liability

The US Coast Guard announced that it will pursue its highest level of investigation after a search and rescue mission turned up debris of the submersible on the ocean floor near the Titanic wreck

China's new obsession: Luring billionaires to catch US titans in AI race

Billionaire entrepreneurs, mid-level engineers and veterans of foreign firms alike now harbor a remarkably consistent ambition: to outdo China's geopolitical rival in a technology

Can India continue with purchasing spree of Russian oil as discounts narrow

The shift to date has suited the Kremlin, looking for new markets as Western buyers and established oil traders pull back. It's worked for India too, eager to snap up cheaper fuel

Vedanta Resources deepens tech push with $4 billion India display factory

Anil Agarwal's metals and mining conglomerate is expanding in electronics components to take advantage of India's push to become a technology manufacturing hub

Bernstein downgrades Alphabet, warns it's moving 'too fast' in AI

Shares fell 1.5 per cent after the cut to market perform from outperform. The stock is on track for its sixth negative session of the past seven, though it remains up over 30 per cent this year

'You effectively stopped a civil war,' Vladimir Putin hails armed forces

Russia drops criminal case against Wagner leader, but his future still uncertain

Bitcoin nears 1-year high as Fidelity reportedly eyes exchange-traded fund

This is Fidelity's second attempt for a Bitcoin ETF

Putin blasts Wagner traitors in speech as Prigozhin defends revolt

Putin spoke hours after Prigozhin denied that his march on the capital was a coup attempt and said he'd keep his mercenary company going despite official efforts to shut it down

Billionaire Gautam Adani reiterates confidence in governance standards

The Adani Group chairman, commenting in the annual report of flagship firm Adani Enterprises Ltd. released on Tuesday, pointed to a submission last month by India's Supreme Court

India's June heat wave deaths likely just a foretaste of what is to come

The World Bank has flagged India is likely to be one of the first places in the world where heat waves breach the human survivability threshold

China bans negative finance writers from social media as stock market sinks

Wu Xiaobo and two other writers who weren't fully named 'attacked and undermined' Chinese policy and spread 'negative and harmful information,' according to a statement by Sina Corp.'s Weibo

Race to develop weight-loss pills has some drugmakers falling behind

Novo and Lilly's experimental obesity pills helped people lose about 15% of body weight, similar to weight-loss shots on the market already, according to findings presented

Ford to cut hundreds of US salaried workers to boost profit, lower costs

The automaker is cutting engineers in all three areas of its business, EVs, traditional internal combustion-engine models and commercial vehicles, said T.R. Reid, a company spokesman

Alibaba CEO Eddie Wu: Little-known coder to continue Jack Ma's legacy

The appointment of Eddie Wu Yongming to replace the affable Daniel Zhang surprised insiders, even though the 48-year-old computer scientist has been with Ma from Alibaba's humblest beginnings

New Zealand PM's plane so prone to breakdowns he took backup on China visit

New Zealand's aging air force fleet has a track record of stranding politicians due to mechanical problems