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FBI, UK crime agency disrupt Lockbit's website used for ransomware payments

Law enforcement from 11 different countries took part in the operation, which seized 11,000 domains used by LockBit and its affiliates to facilitate ransomware, an FBI official said

Investors turning wary of crowded India trade after stellar rally

Citigroup Inc. and Societe Generale SA have downgraded India, while foreigners have sold a net $3.8 billion of local shares so far this year, the highest in emerging Asia outside of China

Fundraising in India to be stronger than ever over next 2 years: BofA

Purohit expects between 5 and 10 tech firms and two or three local subsidiaries of multinational companies to launch initial public offerings in the period.

Indian diesel floods to Asia as Houthis attacks impact flows to Europe

There were no imports of diesel-type fuel into the EU in the first two weeks of February and only one shipment into the UK, according to the data

Covid vaccine complications range from neurological to heart issues: Study

The viral-vector jabs were also tied to an increased risk of Guillain-Barre syndrome, a neurological disorder in which the immune system mistakenly attacks the peripheral nervous system

UAE poised to exit global watchdog FATF's 'grey list' after reform push

The UAE is expected to come off the list on Feb. 23, which is the final day of the FATF plenary in Paris, the people said. No final decisions have been made

China plans to centralise work on tech, science under communist party

The party will refine a mechanism whereby technological works are led by the Central Committee, according to state broadcaster CCTV citing a central government meeting led by President Xi Jinping

China's Premier Li Qiang urges 'forceful' action to boost confidence

Chinese leaders are hunting for ways to jump-start the economy, which faces headwinds from a property slump, weak business confidence and persistent deflationary pressures

Jefferies Financial stops coverage on Paytm until regulatory issues ease

Paytm has seen its shares lose more than half of their value since the banking regulator's surprise clampdown amid concerns over the continuity of its business model

Delhi chalo march: Govt needs to present a better deal for angry farmers

While the new laws aimed to make the mandis - and their notoriously extractive middlemen - irrelevant, the farmers read them as a sign that the six-decade-old price mechanism itself would be scrapped

Cracks start to emerge in global central bank's four-year synchronicity

The International Monetary Fund's latest round of forecasts highlights the divergence: an improved US outlook, worse prospects for the euro zone and miserable figures for the UK

Dubai's popular golden visas helping city defy global office slump

Policymakers wanted to help Dubai shed its reputation of being a transient city by attracting expatriates and encouraging some of them to set up businesses

Apple set to face near $539 million penalty from EU over Spotify row

In a closed-door meeting between EU officials and Apple in June last year, the tech firm told regulators it had already addressed any possible competition concerns arising from Spotify's complaint

Farmers gear up for another round of talks after almost week of protests

The farmers have been massing at the Punjab-Haryana border since Feb. 12, prevented from marching toward Delhi by police barricades of barbed wire and metal barriers.

Global factory check-up about to reveal extent of nascent recovery

A recent uptick in a global index of manufacturing - to the highest level since mid-2022 - has spurred expectations the sector has reached a turning point

UK, allies looking to arm Ukraine with new AI-enabled swarm drones

The drones could be sent to Ukraine within months, they said, while warning the timeline could slip

Taiwan signs migrant worker MoU with India, seen as new source of labour

The ministry will formally notify lawmakers of the MOU and hold follow-up meetings with Indian officials, according to the statement

SoftBank founder Masayoshi Son seeks to build a $100 bn AI chip venture

Son has been unwavering in his enthusiasm for AGI. In October, he told a large group of Japanese enterprise clients to adopt AI or get left behind

Eli Lilly closer to joining Magnificent Seven in $1 trn market cap club

"Could Lilly be the first $1 trillion biopharma stock?" Morgan Stanley's Terence Flynn and colleagues asked in a note to clients. "We continue to see a path for further upside"

Intel in talks with Biden admin for more than $10 bn in subsidies

Intel climbed as much as 1.1 per cent in late trading Friday after Bloomberg reported the news. The stock was down 13 per cent this year through the close