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US CPI gauge accelerates 1st time in 6 months, making room for fed hike

The so-called core consumer price index, which excludes food and energy costs, advanced 0.3% from July, the first acceleration in six months, Bureau of Labor Statistics data showed Wednesday

China flags security problems with iPhones while not barring purchases

China plans to expand a ban on the use of iPhones to a plethora of state-backed companies and agencies

India's gold imports surges 40%, threatens to blow out trade deficit

The value of inbound gold shipments grew to $4.9 billion in August from $3.5 billion a year earlier, according to a person familiar with the matter

Adani Group in talks to refinance $3.5 bn debt taken for Ambuja takeover

The Indian conglomerate backed by billionaire Gautam Adani has been in talks with lenders for several months as it seeks to refinance as much as $3.8 billion worth of debt taken for Ambuja acquisition

Rupee bond curve steepens as RBI changes rules for bank investing

The revised rules require the Reserve Bank of India's approval for any change in classification of bond holdings out of the held-to-maturity book

Country Garden wins creditors' support to extend repayment of 7 yuan bonds

The firm has left much smaller payments go right up until final deadlines recently, including a combined $22.5 million in interest it paid in the final hours of grace periods ending Sept 5-6

From weddings to fancy distilleries, Asia taking over world's whisky market

Asia is where the longer-term growth will be, especially as you convert people from whatever the local whiskies are or the cheaper blends to more expensive whiskies over time

Byju's hid $533 mn in hedge fund once run from Miami IHOP, allege lenders

"Byju's has gone to great lengths to conceal the whereabouts of borrower's $533 million for the admitted purpose of hindering and delaying" creditors, they argued in Miami-Dade County court filings

Apple's iPhone price bump is part of a subtle revenue-boosting strategy

On Tuesday, the company boosted the price of just one iPhone model - the top-end Pro Max, which climbs by $100 to $1,199 - while leaving the other three new versions unchanged

WTO in survival mode pushes back on splintering the global trade

The WTO estimates that the cost of splitting the world trade system into separate blocs would be about 5 per cent of real income at the global level

Google pays $10 bn a year to maintain monopoly: US Justice Department

Dintzer said Google became a monopoly by at least 2010 and today controls more than 89% of the online search market

Bank of America survey says 'dramatic shift' towards high-flying US stocks

US equities have outperformed global peers this year, with the S&P 500 Index rising 17 per cent

Barclays PLC to cut about 450 jobs in UK retail bank, says trade union

The bank is consulting over which roles will be cut, with the majority expected to be in head office roles, including at vice-president level

Amazon to expand logistics network with 'restocking shelves' at stores

Amazon on Tuesday announced that the service, which is currently in a pilot test, will be more broadly available later this year

India to spend $24 mn on Himalayan Airbase near disputed China border

The airbase will add to the capabilities of the Indian Air Force along the northern border, according to a statement after India's Defence Minister Rajnath Singh

Apple to sell Made-in-India iPhones on launch day for the first time

It would also underscore India's growing production prowess, and reflect a significant departure from Apple's previous strategy of selling mostly Chinese-made new devices to frenzied customers

Elon Musk ignored pleas to stop alienating advertisers, says new book

The billionaire owner of X, formerly known as Twitter, has a long list of wealthy, powerful advisors he habitually ignores, according to Walter Isaacson's new biography

European Union's enforcer wants big tech players to play by his rules

3-years ago, the EU was drafting what would become the bloc's landmark content moderation and competition rules, and executives had come to present their perspective

Marking 9/11 attacks, Joe Biden says world is safer with US leadership

Biden spoke about his visits to the other sites. "I join you on this solemn day to renew our sacred vow: never forget," he said

Tata Group needs to find substantial growth, ward off Ambani's Reliance

Tata Consumer Products Ltd., the owner of the Tetley tea brand, was uncomfortable with Haldiram's $10 billion valuation