Bloomberg
Bloomberg
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Google faces EU ultimatum in fresh attack on search dominance
The EU's preliminary findings could be issued before the end of October, according to people familiar with the matter who spoke under condition of anonymity
 "Google faces EU ultimatum in fresh attack on search dominance")
China weighs removing major homebuying restrictions to boost demand
Authorities are also mulling fresh measures to shore up the sluggish stock market, the people added, without providing more specifics
 "China weighs removing major homebuying restrictions to boost demand")
RBI Guv Das stabilises volatile rupee with $689 billion forex reserves
India's current account deficit has also narrowed recently thanks to cheaper oil from Russia and global firms setting up service hubs
 "RBI Guv Das stabilises volatile rupee with $689 billion forex reserves")
Eli Lilly wants records of people who took copies of its weight-loss drug
The Food and Drug Administration has listed an ongoing shortage of Lilly's medicines since December 2022
 "Eli Lilly wants records of people who took copies of its weight-loss drug")
Donald Trump's new tariff plan falls well short of filling his budget hole
Reconciling the gap won't be easy in an era of already surging government debt
 "Donald Trump's new tariff plan falls well short of filling his budget hole")
Mercedes slashes financial forecast in latest blow to German industry
Mercedes-Benz Cars now expects its adjusted return on sales to be between 7.5 per cent and 8.5 per cent
 "Mercedes slashes financial forecast in latest blow to German industry")
Pagers' explosion in Lebanon sound global alarm for supply-chain security
Lebanese officials believe the gadgets were rigged with explosives as part of an elaborate attack allegedly by Israel
 "Pagers' explosion in Lebanon sound global alarm for supply-chain security")
Brookfield likely to add more to $13 bn it has bet on India infrastructure
Toronto-based Brookfield has nearly $29 billion of assets across infrastructure, real estate, renewable and private equity investments in India
 "Brookfield likely to add more to $13 bn it has bet on India infrastructure")
J&J raises baby powder settlement offer to more than $8.2 billion
J&J recently garnered support from more than 75 per cent of baby powder claimants for an out-of-court deal that includes claims that the talc-based version caused ovarian and other gynecological cance
 "J&J raises baby powder settlement offer to more than $8.2 billion")
Apple iPhone 16 hits stores without its highly awaited AI features
Apple released a public beta version of Apple Intelligence, one aimed at a wider audience
 "Apple iPhone 16 hits stores without its highly awaited AI features")
Sri Lankans seek change but stability crucial amid economic uncertainty
Sri Lanka's new leaders must demonstrate they are more responsible than the old guard they revile
 "Sri Lankans seek change but stability crucial amid economic uncertainty")
SpiceJet's share sale likely to lure Tata Mutual Fund among others
The budget airline owes payments to airports, has placed staff on leave without pay and withheld mandatory social security payments since January 2022
 "SpiceJet's share sale likely to lure Tata Mutual Fund among others")
Gold rises to record high after Fed makes first rate cut since 2020
Gold, Treasuries and the S&P 500 Index have all typically risen as the Fed starts lowering rates, according to an analysis of the past six easing cycles going back to 1989
 "Gold rises to record high after Fed makes first rate cut since 2020")
Shadow lender IIFL Finance faces rating downgrade risk on gold loan ban
IIFL fell under regulatory scrutiny in March amid a crackdown on financial firms, when it was asked by RBI to stop disbursing new gold-backed lending following 'material supervisory concerns'
Shadow lender IIFL Finance faces rating downgrade risk on gold loan ban
IIFL fell under regulatory scrutiny in March amid a crackdown on financial firms, when it was asked by RBI to stop disbursing new gold-backed lending following 'material supervisory concerns'
 "Shadow lender IIFL Finance faces rating downgrade risk on gold loan ban")
India overtaking China in MSCI global stock gauges to drive flows
Earlier this month, India surpassed China to become the biggest market in the MSCI Emerging Markets Investable Market Index
 "India overtaking China in MSCI global stock gauges to drive flows")
India IPO frenzy continues as NTPC Green Energy plans $1.2 bn listing
The IPO boom comes as India's rapid economic expansion makes it a bright spot amid challenges facing peers such as China
 "India IPO frenzy continues as NTPC Green Energy plans $1.2 bn listing")
Tupperware lenders fight over assets as company files for bankruptcy
Lenders urged Tupperware to avoid bankruptcy and accept a simple foreclosure instead, court documents show
 "Tupperware lenders fight over assets as company files for bankruptcy")
Severe flooding across globe linked to climate-fueled rain storms
Different meteorological phenomena are behind the series of storms, according to climate scientists
 "Severe flooding across globe linked to climate-fueled rain storms")
Microsoft prez warns of possible meddling in final 48 hours of US elections
Foreign actors already have been spreading manipulated videos and false posts to sow discord around the US presidential election
 "Microsoft prez warns of possible meddling in final 48 hours of US elections")
