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Bitcoin reclaims $120K as US shutdown fuels demand for safe-haven assets

The original cryptocurrency has long been referred to as "digital gold" by advocates, who see it serving a similar role as the precious metal during times of turmoil

EU plans to double steel import tariffs to 50% and cut quota volumes

Europe's steel association, Eurofer, has been demanding tighter measures to reflect new market dynamics

White House proposes new rules for colleges to gain funding advantage

The "Compact for Academic Excellence" offers universities federal loans, grants, research funding, scholar visas, and tax benefits if they follow new Trump administration rules

Trump admin asks judge to pause Harvard funding case amid govt shutdown

Judge Allison Burroughs ruled that Harvard grant terminations were unlawful over antisemitism claims, but final judgment is pending with a status report due by Oct 3

Kia planning to launch new compact hybrid SUV in India within 18 months

Kia's compact offering could also help unleash demand for hybrids in India, where affordability and infrastructure gaps make dual-powered vehicles a practical alternative to EVs

Cybercriminal group extorts executives after claiming Oracle apps breach

They claim to be affiliated with a criminal outfit called Cl0p, which began sending extortion emails on or before Sept 29, according to the head of cybercrime at Google Threat Intelligence Group

EU pushes to release €140 bn from frozen Russian assets for Ukraine aid

Backing for the long-standing proposal to leverage the assets has gained traction after the US under President Donald Trump halted its direct support for Ukraine

India poised for record-breaking IPO month in October with $5 bn in deals

Big-ticket deals, including billion-dollar offerings from Tata Capital Ltd. and LG Electronics Inc.'s local unit, are boosting confidence that India's $5 trillion stock market

Arab and Muslim nations urge Hamas to accept Trump-backed Gaza peace plan

The proposal states that 'full aid' should be sent into Gaza and distribution handled by United Nations agencies 'without interference from the two parties'

Apple denies undermining Elon Musk's xAI by teaming up with OpenAI

Apple's lawyers said in a court filing Tuesday that even if the company teamed up with OpenAI first, it is widely known that Apple intends to partner with other generative AI chatbots

White House commences shutdown plans as Democrats block funding package

Trump and congressional leaders showed no outward signs of working toward a deal or a face-saving off-ramp

Warren Buffett's Berkshire nears deal to buy OxyChem for $10 billion

After years spent refraining from large deals and progressively unwinding big holdings like his stake in Apple Inc., Buffett appears to be back on the offensive

Yale to cut costs, offer retirement perks as endowment tax tops $300 mn

The New Haven school, the richest private US university after Harvard, faces an 8 per cent tax on annual investment gains from its endowment - up from 1.4 per cent

LG Electronics India seeks $8.7 billion valuation in October IPO

LG Electronics India Ltd. got regulatory approval for its updated draft red herring prospectus on Thursday and filed the final version on Tuesday

Trump sets new tariffs on lumber, wood products in bid to boost US industry

Trump said the planned actions will 'strengthen supply chains, bolster industrial resilience, create high-quality jobs and increase domestic capacity utilization for wood products'

US consumer confidence drops to five-month low on job market worries

The Conference Board's report showed the share of consumers saying jobs were plentiful declined to the lowest level since February 2021

Toyota claws back China market share with $15,000 electric vehicle launch

The world's biggest carmaker notched another bumper month of sales in August, putting it on track for its first annual growth in China in four years

South Africa, Nigeria set to exit FATF's 'grey list' in October plenary

The two nations were put under heightened scrutiny by the Financial Action Task Force in February 2023 for shortcomings in tackling illicit financial flows

India must grow twice as fast to avoid jobs trap, warns Morgan Stanley

The South Asian nation's labour market is facing a dual challenge of unemployment and underemployment, Morgan Stanley economists led by Chetan Ahya wrote in a note

Foreign investors exit Indian stocks at record pace amid tariff woes

Overseas investors have pulled a net $16.8 billion from local shares this year through Sept. 26, nearing the record set in 2022