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Activists blast Biden's pick of Wall St insider Banga for World Bank prez

The World Bank needs a leader who will prioritize the urgency of the climate crisis, not another big business executive, said Collin Rees, US program co-manager at Oil Change International

Onion prices soar, shortage threatens a new chapter in world food crisis

Prices are soaring, fueling inflation and prompting countries to take action to secure supplies. Morocco and Turkey have halted some exports, as has Kazakhstan

Volkswagen to reconsider India amid China geopolitical uncertainty

The carmaker's earlier efforts to boost its presence in India have often been bruising experiences

Adani Group Rout has room to run as charts show 85% call still valid

The rout in Adani Group shares has room to run based on charts that show key stocks in Gautam Adani's empire may still extend declines to the 85% downside flagged by Hindenburg Research

Alibaba Group's profit surges 69% on low costs, online shopping in pandemic

Its shares climbed more than 6% in pre-market New York trading. The online retailer reported net income of 46.8 billion yuan, easily surpassing the roughly 35 billion yuan average estimates

Pakistan seeks another bailout as economic and political crises worsen

The South Asian state is seeking a bailout from the International Monetary Fund again - something it's done more than 20 times

Adani's older brother plays opaque, powerful role at embattled dynasty

Vinod Adani, through several close associates, manages a vast labyrinth of offshore shell entities," the report said identifying entities in Mauritius, Cyprus, the United Arab Emirates

Bill Gates buys minority stake in Heineken Holding NV for $902 million

Bill Gates has acquired a minority stake in Heineken Holding NV, the controlling shareholder of the world's second-largest brewer, for about $902 million

China-US superpower rivalry grows after war sweeps away multipolar world

The world order that seems to be emerging out of the Ukrainian rubble looks an awful lot like that of the Cold War

Mukesh Ambani's conglomerate to stream IPL for free after paying $2.7 bn

Viacom18 Media Pvt., the joint venture between Paramount Global and Ambani's conglomerate Reliance Industries Ltd., licensed the IPL streaming rights last year for $2.7 billion

Pak, Sri Lanka close in on IMF deals after raising taxes to boost economies

Pakistan has taken all the measures needed to unfreeze a $6.5 billion credit line and expects to clinch the deal "any day now," Commerce Minister Syed Naveed Qamar said in an interview

Airlines turn market darlings as Covid-19 forces financial clean up

Virgin Australia, so financially frail when Covid-19 hit in 2020 that it folded in weeks, has undergone a remarkable transformation under new owner Bain Capital

Adani Group isn't India, but its troubles mirror the nation's woes

The target of Hindenburg Research's attack is the Adani Group, which aggressively marshaled capital from around the world into India's unmet aspirations

Saving for retirement? You need at least $3 million, says study

Most respondents are optimistic they'll move closer to their retirement goal by ending 2023 with a balance of retirement savings higher than it was at the end of 2022

Tesla now cheaper than average new car in the US, says report

Even before those cuts, it was the third best-selling SUV in the US last year, after the Toyota RAV4 and the Honda CR-V

India, Singapore link systems for real-time cross-border fund transfers

The India-Singapore payment connection is part of the trend in Asia where instantaneous, cross-border fund transfers via mobile phones are happening

Combined equity market value of 10 Adani Group firms slips below $100 bn

Billionaire Gautam Adani and his companies have hired legal and communication teams, cut expenses and repaid debt as they seek to calm traders concerned about the group's access to financing

G-20: India taps soft power as it backs issues important to Global South

India is one of the fastest-expanding economies at a time of sluggish growth around the globe, luring companies like Apple Inc. to expand

Covid pandemic has not taught the world how to beat the next deadly virus

Even governments that decided against elimination, opting instead to flatten the curve, struggled to persuade people to follow basic control methods

Iran just shy of a nuclear bomb, enriched uranium at 84% purity: IAEA

The development comes as Iran is increasingly isolated from the West and nuclear talks with world powers remain suspended