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India's overall unemployment rate falls in July due to farm demand

The total joblessness rate fell to 7.95% in July, from 8.45% in June, according to data released by private forecaster Centre for Monitoring Indian Economy

Rice supply faces new threat as Thailand urges crop curbs to save water

Farmers in the key central region have already planted most of their rice but the government is encouraging a switch to other crops that need less water

Prominent economists criticise Fitch Rating's decision to downgrade US

Former Treasury Secretary Summers said while there are reasons for concern about the long-run trajectory of the US deficit, the country's ability to service its debts wasn't in doubt

US ratings downgrade puts focus on remaining nations with top credit grade

Countries with highest credit rating at S&P Global Ratings, Fitch and Moody's Investors Service include Germany, Denmark, Netherlands, Sweden, Norway, Switzerland, Luxembourg, Singapore and Australia

Global abortion pill provider buys from Indian firm with bad quality record

More than 30 samples of drugs made by Delhi-based Synokem Pharmaceuticals Ltd have failed quality tests conducted by Indian regulators

Toyota Motor's quarterly profit tops estimates, shares hit all-time high

Net sales for the fiscal first quarter rose 24 per cent to ¥10.6 trillion, topping the prediction for ¥9.8 trillion. For the full year, Toyota kept the revenue outlook at ¥38 trillion

FTX draft bankruptcy plan seeks cash repayment, FTT wipeout: Report

FTX also still hasn't ruled out rebooting an offshore exchange, according to the filings

CVS Health Corp to cut 5,000 jobs amid shift away from retail focus

None of the job losses will impact customer-facing positions in stores, pharmacies, clinics or customer services centers, a spokesman for the company said

Blackstone alum doubles down on Drone startups after 600% IdeaForge return

BotLab was established in 2016 at the technology business incubator unit at the Indian Institute of Technology Delhi

Franklin Templeton planning to enter private credit industry in India

The firm will soon file with the Securities and Exchange Board of India for a license for a category II Alternative Investment Fund, which will allow it to begin preparing for the private credit fund

Apple's main supplier Foxconn plans $500 mn component plants in India

Foxconn Technology Group, plans to increase its investments to more than $1.2 bn in southern India's Karnataka state and add two component factories there

China's manufacturing contracts in July dragging down Asia factories

The Caixin manufacturing purchasing managers index declined to a six-month low of 49.2 in July from 50.5 in June, below the key 50 level that marks a contraction, a private survey showed

World's biggest market for under-$100 million IPOs booms in India

SME IPO boom followed dismal performance of insurer Life Insurance Corporation of India and delivery startup Delhivery, two biggest share sales of 2022. They are down about 33% and 18%, respectively

Flooding in Beijing highlights climate change's impact on rainfall

So far this year, rain-induced flooding has hit regions that include India, the Philippines and California and Vermont in the US

War, AI and climate change shaking up $32 trillion in global trade

Long before these trends are reflected in government data, they're already changing global commerce, which amounts to $32 trillion a year in goods and services

Alphabet owned Google's dominance sparks South African antitrust crackdown

The watchdog determined that Google's search dominance "distorts platform competition" in favor of large market players

How Hedge Fund, other money managers are using ChatGPT for marketing

Forty-four percent of money managers use the artificial intelligence tool in a professional capacity, according to the report from BNP Paribas SA

Donald Trump says indictment on Jan 6 charges could come 'any day now'

In a social media post, he said investigation into events of Jan 2021 was an attempt to interfere with 2024 election as he solidifies his wide polling lead for Republican presidential nomination

Adani Group in talks to raise $1.8 bn from India bond sales: Report

The plans will likely gather steam in two months and the amount eventually raised could be double the initial size, sources said

UBS to dispose of riskiest Credit Suisse loans to Asian customers

The bank intends to either wind-down or sell off the majority of Credit Suisse's more complex and higher-risk structured loans in APAC, people familiar with the matter said