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India, South Korea, and Japan to stay busy with IPOs while China stalls

While IPOs returned to major venues in Europe and the US, the slowdown in Asia was mostly due to Beijing's decision to ramp up scrutiny of domestic new share sales as it tries to boost confidence

Researchers use caffeine, AI as ways to boost EV efficiency, trim costs

In one of many novel discoveries uncovered by scientists in the alternative-energy field, researchers in Japan have found a way to boost efficiency and trim costs. Their secret is caffeine

India's most innovative cities including Bengaluru run out of water

Tech professionals are leaving India's IT hub of Bengaluru amid an intensifying drought that has gripped the city as it sweats through another torrid pre-monsoon season

China's manufacturing activity increases for first time in six months

China has set a target to increase gross domestic product by about 5% this year

Investors spoiled for choice with top ice cream makers on table for sale

The stakes are high for Unilever. Once a focal point of growth with labels such as Magnum and Cornetto, the Anglo-Dutch company's ice cream unit has underperformed for the past five quarters

IMF approves $8 billion loan plan for Egypt as global bailout takes shape

The executive board's assent increases the Extended Fund Facility arrangement from the $3 billion originally approved in December 2022 to $8 billion

US job growth: Payrolls seen hitting at least 200,000 for a fourth month

Average hourly earnings are projected to climb 4.1 per cent from the same month last year, the smallest annual advance since mid-2021

AT&T says personal data from 73 million accounts leaked on dark web

AT&T is the third-largest US retail wireless carrier, behind Verizon Communications Inc. and T-Mobile US Inc.

Govt to resume curbs on solar modules imports to boost local producers

The curbs are part of Prime Minister Narendra Modi's effort to gain self-dependence in energy by encouraging local solar panel output

EU to discuss buying fewer weapons from foreign firms to boost own industry

Some member states, including Germany and France, are pushing for progress on a genuine capital markets union

Microsoft-backed data security startup Rubrik to file IPO papers next week

The company confidentially submitted its IPO plans to the US Securities and Exchange Commission earlier

Ukraine Foreign Min Dmytro Kuleba discusses peace plan in India meeting

India, with deep economic and political ties with Russia, has consistently pushed for dialog and diplomacy to end the conflict. It has not publicly criticized or voted against Russia at the UN

As cases of asset seizures rise, Vladimir Putin's tycoons seek safeguards

With most Russian billionaires having been sanctioned over the past two years, the next concern is which decades-old privatisation decisions might be reversed

Fed doesn't need to be in a hurry to cut rates, reiterates Jerome Powell

Investors are now betting the US central bank will make that first cut in June

South Africa wants to preserve its wild animals by eating them more

It's also an opportunity to boost Black ownership of a wildlife-use sector that three decades after the end of apartheid is just 3.5% owned by historically disadvantaged South Africans

Arab states ready to recognise Israel in future deal, says Joe Biden

Biden has faced pressure from progressives and Muslim and Arab Americans who want the administration to do more to rein in Israel's military campaign in Gaza to root out Hamas

Harvard applications drop for second year in a row after turmoil on campus

Harvard admitted 1,937 students for the class, or 3.6 per cent of applicants, and they're comprised of about 53% women and 47% men

China can be a democracy, says former Australian PM Scott Morrison

Morrison, who led Australia from 2018 to 2022, said the Chinese people care just as much about freedom as we do but sadly in mainland China they don't have the opportunity for it

Blackwells Capital sues Disney over ties to ValueAct in proxy fight

Disney offered to meet with Blackwells and provide documentation confirming that ValueAct had stopped managing Disney pension funds but Blackwells declined the offer

South Korea's production of semiconductors rises by most in 14 years

The memory-chip market that underpins South Korea's semiconductor industry is notorious for its boom-and-bust cycle