Page 558 - Bloomberg/reuters

Crude oil is headed for longest slump since 2020 amid growth concerns

Bearish sentiment is mounting amid slowing economic growth for major oil consumer China while Fed officials reaffirmed their commitment to raising interest rates to cool rapid inflation

Super typhoon near Japan's Okinawa is year's strongest storm

Super typhoon Hinnamnor, currently several hundred kilometers to the east of Okinawa, is expected to skirt the Japanese islands this weekend, according to a forecast from Japan Meteorological Agency

SoftBank's Rajeev Misra steps down as corporate officer on record loss

Rajeev Misra retain his post as head of SoftBank Investment Advisers, which helps oversee the first Vision Fund's existing investments

Denmark's economy expands faster than estimated in second quarter

Later on Wednesday, the finance ministry is due to present the government's budget proposal for 2023 as well as new economic forecasts

Pakistan could have averted climate catastrophe that has killed over 1,000

A changing climate will make the problems Pakistan is experiencing now even worse. Warmer air is able to hold more moisture, making extreme monsoon rainfall a more frequent occurrence

Shop price inflation in the UK rises to 5.1%, highest rate on record

Food price increases hit 9.3% with milk, margarine and crisps seeing the biggest rises

Apple's chief privacy officer set to leave the company for law firm

Jane Horvath, who first joined Apple in 2011, is taking a job at Gibson, Dunn & Crutcher LLP

Amid retirement speculation, Serena Williams draws 2.7 mn viewers to ESPN

The audience was the biggest ever for the first day of the tournament, according to ESPN

China's biggest banks hit by margin squeeze amid bad loan pressure

China's $52 trillion banking industry is facing an increasingly difficult year, with its largest lenders cutting loan rates while bad debt is piling up amid a property crisis

Hong Kong 'pivotal gateway' between China and the world, says John Lee

Hong Kong Chief Executive John Lee will meet with mainland officials, as pressure mounts on the finance hub to reopen both its international and Chinese borders

China's factory activity contracts again in Aug as power cuts curb output

China's manufacturing purchasing managers index rose to 49.4 from 49 in July, according to a statement from the National Bureau of Statistics

Mikhail Gorbachev, the Soviet leader who ended cold war, dies at 91

Mikhail Gorbachev pushed for radical changes to Soviet economy at age 54. His overhaul, and policy of openness, unleashed a political avalanche that brought down the Berlin Wall and ended Soviet rule

Adani Green's key debt ratio is set to improve, says Nomura Holdings

The Adani conglomerate has committed to invest a total of $70 billion by 2030 across its green energy value chain to become the world's largest renewable energy producer.

Bitcoin may have hit a floor after Fed chief's speech at Jackson Hole

The largest cryptocurrency is down about 6% since Powell's hawkish Aug. 26 Jackson Hole speech underlined that the Federal Reserve wants to subdue financial markets

Reserve Bank can hike repo rate to 6% by December, say economists

The RBI rate hike expectations come despite economists predicting a moderation in inflation due to slump in global commodities and easing supply chain bottlenecks

Fracking giant Liberty Energy says fossil fuels to rule for decades

"We're investing a lot of money in some new energy technologies; some of this is great, but it's not an energy transition," Wright, chief executive officer at Denver-based Liberty Energy said

Coal crisis, supply crunch hasten metal makers' switch to renewable energy

The increased expenses slashed profits of some of the biggest mills in India at a time when commodity prices were rallying to multi-year highs

How the Indian military can be weaned off its dependence on Russian weapons

Shifting toward buying more Western weapons systems and lessening its dependence on Russia, for instance, would bolster India's autonomy

Microsoft outlines changes in European cloud-licence terms after complaints

The changes will make it simpler for customers of rival cloud-service companies in Europe to move their existing software to these other networks, Microsoft said

A startup in Japan offers aging CEOs a worry-free succession plan

Founded in 2018 by a group of bankers and consultants with little exposure to the factory floor, NGTG's revenue has grown from zero to 8 billion yen ($59 million)