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US jobless claims jump to 211,000, led by New York, California, shows data

Initial unemployment claims increased by 21,000 to 211,000 in the week ended March 4, Labor Department data showed Thursday

Apple to put a bigger focus on India by making it a separate region

The shift will mark the first time that India becomes its own sales region at Apple, which has seen demand surge in the country

How 'excuseflation' is keeping prices and corporate profits high

The key question is, in an economy where the consumer continues to spend freely, how sticky this 'excuseflation' proves to be

Byju's to raise $250 mn via convertible notes in Aakash pre-IPO funding

The pre-IPO round at Aakash will help the startup to tide over a liquidity crunch as talks to raise funds at a parent level are getting delayed with a prolonged due diligence process

ADIA close to buying a $500 million stake in eyewear startup, Lenskart

The Middle Eastern sovereign wealth fund is finalizing an agreement to buy a mix of existing Lenskart shares and new equity, the people said

Mobius bets big on chip stocks as US, China increase investments in sector

Chip stocks have had a great start to 2023 after rising interest rates led to a carnage in 2022. Investor focus has started shifting to the sector's long-term growth prospects and cheaper valuations

Nissan to develop new powertrains, may cut cost of hybrid cars by 30%

By enhancing the common parts that underpin a vehicle, the Yokohama-based automaker expects to be able to lower the cost of its hybrid cars to the same level as gasoline-powered cars by 2026

US economy started strong in 2023 on firm consumer spending: Fed Beige Book

"Amid heightened uncertainty, contacts did not expect economic conditions to improve much in the months ahead," the report said

DBS CEO Piyush Gupta's total pay for 2022 rises by 13% to $11.4 million

Gupta received a cash bonus of about S$5.8 million ($4.3 million) and a salary remuneration of S$1.5 million that contributed to an overall compensation of S$15.4 million for 2022

Silvergate plans to wind down bank ops, liquidate after crypto metldown

Silvergate collapsed amid scrutiny from regulators and a criminal investigation by the Justice Department's fraud unit into dealings with fallen crypto giants FTX and Alameda Research

Biden to urge 25% billionaire tax, levies on rich investors & corporations

Biden's budget request to Congress, which is slated to be released Thursday, calls for a 25% minimum tax on billionaires, according to a White House official familiar with the proposal

UK looks to ease immigration rules for foreign workers to plug shortages

The Migration Advisory Committee has recommended that tradespeople including carpenters, bricklayers and roofers should be added to the "shortage occupation list"

Adani repays all share-backed loans, informs investors to regain faith

The London meeting was part of a worldwide roadshow aimed at reassuring international investors that the ports-to-power empire's finances are under control

China plans to tighten grip on finance industry; watchdogs face pay cuts

Currently, China Securities Regulatory Commission and the CBIRC are among rare central government agencies that pay their staff significantly above the compensation of civil servants, said the people

Gender equality will take 300 years to achieve, says UN chief

Pay gap for women who've never got married getting bigger: Study

Sanjeev Gupta takes over assets of father's Simec Group

The business is involved in renewable energy, shipping and mining, and was founded by the magnate as an export-and-import house in India

Price cap to be raised to counter India's robust power demand

Unusually high temperatures for this time of year are fueling predictions that electricity demand might rise to a record this summer

India imposes money laundering provisions on cryptocurrency sector

The Finance Ministry said in a notice on Tuesday that anti-money laundering legislation has been applied to crypto trading, safekeeping and related financial services

Covid-19 lab leak fight obscures the global rise of high-security biolabs

There are 69 so-called Biosafety Level 4, or BSL-4, facilities designed to study dangerous infectious pathogens in operation, under construction or planned worldwide, according to Global Biolabs

'Shockingly low' number of startups in Asia led by women, says JPMorgan

Women remain heavily under-represented at the top echelons in high-growth private businesses in the region, with only 848 of nearly 15,000 firms across the region led or founded by a woman