Page 7 - Bloomberg/reuters

Blue Tokai aims to triple store count in 4 years amid rising competition

Specialty coffee chain plans to add 120 outlets this year, open its first overseas store in Dubai and target profitability by March 2028

S&P sees risks for Indian microfinance lenders' $35 billion loan book

The sector had been under stress for the last two years after rapid credit expansion left many borrowers over-leveraged, driving up defaults and prompting lenders to tighten underwriting standards

Amazon seeks to raise at least $25 billion from US dollar bond sale

The size of the offering could increase depending on investor demand, according to people familiar with the matter, who cautioned that no final decision has been made

Indian state refiners ready for Iranian oil if US extends waivers

The companies, however, have little room to buy Iranian oil immediately, having fully contracted shipments required through August after they sought to secure supplies in advance during the war

After India, Somalia raises concerns over WhatsApp username feature

Last week, India asked Meta to delay the rollout of the new feature, citing fears that it may fuel online fraud

Qatari LNG ship struck in Strait of Hormuz, testing US-Iran agreement

The vessel, owned by Qatar's state-owned shipping company Nakilat, appeared to be traveling without its transponders on, ship-tracking data show

Real estate firm K Raheja delays $700 million IPO plan by at least a year

The company now intends to revisit the plan once it has achieved greater scale, potentially allowing it to pursue a larger offering and command a higher valuation

Singapore, Zurich top world's costliest city list for luxury spending

Zurich climbed to second place, edging out London, while Monaco entered the top three for the first time since the survey began in 2020

Venezuela earthquake death toll rises to 3,535 as rescue efforts continue

Nearly 17,000 people have been injured, 6,500 rescued and 18,000 displaced, National Assembly President Jorge Rodríguez said on Telegram

Andy Burnham may struggle to keep his promise to Britain's economy

The frontrunner for Britain's top job has pledged to deliver 'good growth in every postcode', but decades of regional inequality and weak productivity will make that promise difficult to fulfil

El Niño threatens India's clean energy transition, may fuel coal reliance

India forecasts coal's share in nation's generation mix will fall to 64% by 2027 and 50% over next decade, but it remains at more than 70% even after drop in thermal power production last year

Vietnam fast-tracks $4 billion Hon Khoai port to check China's naval power

Vietnam is accelerating work on a dual-use seaport and transport corridor to strengthen trade links and bolster its strategic presence after Cambodia launched a China-backed canal project

Indian banks curb short-term debt sales as RBI aids cheaper forex funding

No certificate of deposit issuance was recorded over three trading sessions as lenders turned to cheaper overseas forex funding backed by the RBI

Ather Energy planning to raise $200 million via institutional share sale

EV two-wheeler maker may launch a qualified institutional placement as early as next week to fund capacity expansion, retail growth and new product development

Europe's heatwave lifts demand for China's portable air conditioners

Midea could see consumer air conditioning sales in Europe grow by more than 20% Y-o-Y for 2nd quarter while Haier could record double-digit growth for its European air-conditioner segment this year

ByteDance, Alibaba pull AI companion features as China tightens rules

The sudden retreat comes ahead of new Beijing regulations taking effect in mid-July to tighten oversight on humanlike AI services

OPEC+ ratifies planned oil output hike as Hormuz shipments resume

The OPEC is already facing a challenge to its unity, after founding member Iraq last month suggested it could ultimately exit if denied a higher production limit

Nvidia supplier Foxconn's sales surge 40% on robust AI server demand

Shipments of AI racks are expected to maintain their momentum in the current quarter, while demand for information and communications technology products is entering peak season

Drivers in India protest ethanol petrol policy over mileage, cost concerns

The government and automakers have been on the defensive after weeks of complaints on social media

Fewer ships transiting Strait of Hormuz along Oman coast after U-turns

One products tanker that turned around on Saturday appears to be making a fresh attempt, sailing past the tip of Oman's Musandam peninsula