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WeWork's bankruptcy proceeding caps swift downfall for $47 billion standout

It caps a wild ride for a company that began with the idea of re-imagining staid offices as fun places to hang out and grew to a behemoth worth $47 billion at its peak

Apple delays work on next year's iPhone, Mac software to fix bugs

In recent years, Apple has put more emphasis on quality - even when it's meant delaying new capabilities

Workplace is becoming more political as Gen Z comes of age: Report

Once considered taboo, talking politics at the watercooler is now quite common, especially among Gen Z

China's gasoline exports tumble; IMF upgrades GDP growth forecasts

Beijing is owed more than $1 trillion in BRI project debt, says report

WeWork goes bankrupt after failing to recover from pandemic, failed IPO

WeWork's collapse into bankruptcy is the culmination of a years-long saga for the company, which was once the biggest office tenant in Manhattan

Billionaire Flipkart founder Bansal ready to launch stealth AI startup

The startup's main operations will be in Bengaluru, and it's headquartered in Singapore, where it's in stealth mode for now and will launch its offerings within months

UBS Group decides to exit $5 bn in assets it manages for rich customers

UBS's newly created wind-down unit, known as Non-core and Legacy, widened its quarterly pretax loss to $1.93 billion in the quarter from $478 million in the previous period

Reliance Industries files for record $2.4 billion rupee bond sale: Report

Reliance Industries is India's largest company by market value, and its business interests range from petrochemicals refining to wireless communication services and consumer goods

Israel-Hamas war: Civilians trapped in Gaza running out of food, fuel, hope

The offensive has now entered its second month and questions abound about what will come when the fighting stops

Sunil Mittal's Airtel Uganda IPO failed to sell as investors prefer bonds

The demand for Ugandan government bonds maturing in 2033 exceeded the amount on sale by eight fold in an auction on Thursday

Apple shrunk iPhone's carbon footprint; there's a way to shrink it further

Apple's progress on using recycled materials is notable given mining often drives conflicts and ecological degradation

Tata considering sale of Voltas home appliance business, say reports

Considerations are at an early stage and Tata Group may decide to keep the asset for longer, the people said. A representative for Tata Group declined to comment

Google Play's 'bribe and block' ploy hurt rivals, says Epic amid trial

At opening statements on Monday, Epic's attorney Gary Bornstein told jurors that Google pays off competitors, including those who want to set up their own app stores to directly deal with users

Disney taps CFO Hugh Johnston who fended off Peltz at Pepsi, beat forecasts

"With Hugh there, Pepsi did a nice job convincing the Street that it had a growth plan," said Bloomberg Intelligence analyst Ken Shea

Ant Group receives Chinese government nod to roll out AI services

Bailing will be applied to Ant's various services and help with innovation, Xu Peng, vice president of Ant Group said in a statement on Monday

Oil at $110 could prompt RBI to hike interest rate again: Morgan Stanley

As the world's third-biggest consumer of oil, India is one of the most exposed economies in Asia to rising crude prices

Byju's in talks to sell US unit Epic for $400 mn to ease financial pressure

Byju's and its creditors are locked in conflict over a missed interest payment on a term loan that the startup had taken out to help finance a global acquisition spree during the pandemic

E-commerce startup Udaan to trim costs, forge partnerships ahead of IPO

Udaan, which competes with Reliance Industries Ltd. and Walmart Inc.'s Flipkart in helping smaller merchants source their goods, will make an operating profit within 18 months

Blackstone expects most Asia deal activity in Japan and India in 2024

"India has the highest growth; it also has the most ebullient stock market," Joe Baratta, Blackstone's global head of private equity, said in an interview in Tokyo

Elon Musk debuts 'rebellious' Grok AI bot to challenge OpenAI's ChatGPT

Earlier this year, Musk was among the signatories of a petition calling for a pause in advancing AI models in order to allow for the development of shared safety protocols