Bloomberg
Bloomberg
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Visa, Mastercard plan to add new card fees for retailers in coming months
With the increases, merchants could pay more than $500 million in additional fees each year, according to merchant-consulting company CMSPI
 "Visa, Mastercard plan to add new card fees for retailers in coming months")
Amazon's Alexa, Google's Assistant will share same JBL smart speaker
Three models of the JBL Authentics-branded smart speakers will debut in the US on Sept 17 and sell for $330 to $700
 "Amazon's Alexa, Google's Assistant will share same JBL smart speaker")
Apple tests using 3D printers to make devices in major manufacturing shift
The new technique uses a type of 3D printing called binder jetting to create the device's general outline at close to its actual size, or what is known in manufacturing as the "near net shape"
 "Apple tests using 3D printers to make devices in major manufacturing shift")
Govt to start auction process for 100 critical mineral blocks in 4 months
India is racing to ensure critical minerals security to power its ambition to make the country a key battery and electric vehicles manufacturing hub and help attain a net zero goal
 "Govt to start auction process for 100 critical mineral blocks in 4 months")
Reliance in talks with head hunters to find CEO for Jio's Insurance biz
Executives from Reliance have met several firms in recent weeks to help them map top talent across life, health and general insurance segments
 "Reliance in talks with head hunters to find CEO for Jio's Insurance biz")
RBI must ensure there's no spillover from surging food prices: MPC members
The central bank is targeting to keep inflation between 2% and 6% but the consumer price index accelerated by 7.44% last month
 "RBI must ensure there's no spillover from surging food prices: MPC members")
Govt likely to focus on motor fuel prices ahead of 2024 polls: Citigroup
The government's decision to reduce liquefied petroleum gas could lower inflation by around 30 basis points, economists Samiran Chakraborty and Baqar M. Zaidi said in a note
 "Govt likely to focus on motor fuel prices ahead of 2024 polls: Citigroup")
Return to office or risk losing job, Amazon CEO Andy Jassy warns staff
Morale at Amazon has taken a hit since the company laid off about 27,000 employees
 "Return to office or risk losing job, Amazon CEO Andy Jassy warns staff")
Toyota Motor to resume Japan plants after rare system malfunction
The company doesn't suspect it's the victim of a cyberattack, the spokesperson said
 "Toyota Motor to resume Japan plants after rare system malfunction")
FBI dismantles malware system that took millions in ransom globally
US officials estimated that, since its creation in 2008, Qakbot had infected around 200,000 computers in the US and 700,000 globally
 "FBI dismantles malware system that took millions in ransom globally")
US home cashout refinancing falls to lowest since 2000 after Fed hikes
US interest-rate hikes have dented a key source of consumer funds - home-equity build-ups
 "US home cashout refinancing falls to lowest since 2000 after Fed hikes")
Sunil Mittal's Airtel plans Uganda's biggest IPO to raise $216 million
The offer opens on Wednesday and closes on Oct. 13, according to a prospectus released in the capital, Kampala, on Tuesday. The company will start trading on the exchange on Oct. 31
 "Sunil Mittal's Airtel plans Uganda's biggest IPO to raise $216 million")
Meta platform back on track with spending focused where investors want
After an unpopular pivot to Chief Executive Officer Mark Zuckerberg's metaverse virtual-reality vision in 2021 and last year's record stock plummet, the firm is seen to be back on track
 "Meta platform back on track with spending focused where investors want")
PM Modi leads with voters seeing India's global influence expanding: Report
Around seven in ten Indians said the nation's influence in recent years have been growing stronger while less than a fifth think it is getting weaker
 "PM Modi leads with voters seeing India's global influence expanding: Report")
US job openings decline to 8.83 mn in July, lowest since early 2021
US job openings fell in July by more than expected to a more than two-year low, offering fresh evidence that labor demand is cooling
 "US job openings decline to 8.83 mn in July, lowest since early 2021")
Apple Inc sets Sept 12 as date for launch of iPhone 15, new watches
The highlight of the event will be the iPhone 15 lineup, which will include two entry-level models and two high-end models
 "Apple Inc sets Sept 12 as date for launch of iPhone 15, new watches")
China's state banks to cut rates on mortgages, deposits in stimulus push
The People's Bank of China didn't immediately respond to a request seeking a comment
 "China's state banks to cut rates on mortgages, deposits in stimulus push")
Only recession can tame West's inflation, says adviser to UK chancellor
While European Central Bank President Christine Lagarde and Powell offered few clues about their next steps at their upcoming decisions, each signaled ongoing concern about prices
 "Only recession can tame West's inflation, says adviser to UK chancellor")
China pledges to speed up fiscal spending to boost economy: Report
Finance Minister Liu Kun and Zheng Shanjie, chairman of the National Development and Reform Commission, made pledges in reports to the country's legislature, according to official Xinhua News Agency
 "China pledges to speed up fiscal spending to boost economy: Report")
Succession at Reliance: Here is what we know about the Ambani siblings
The 66-year-old elevated his three children as non-executive directors to Reliance's board and said he will spend the next five years of his chairmanship preparing them to take charge
 "Succession at Reliance: Here is what we know about the Ambani siblings")
