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Walmart cuts 200 corporate jobs as weak demand, bloated inventory weigh

Walmart will also add an unspecified number of jobs in areas such as e-commerce, health and wellness, ad sales and supply chain

Monetary policy: RBI likely to return interest rates to pre-pandemic levels

With Federal Reserve officials signaling a pause is out of the question until they see evidence of inflation easing, RBI watchers will be closely monitoring Governor Shaktikanta Das's remarks

After talks with Joe Biden, Opec+ goes for 'minuscule' output hike

The cartel will add only 100,000 barrels a day of oil in September, giving a tight market extra supplies at a much slower pace than in recent months despite pressure from the White House

Bangladesh seeks $2 billion from World Bank, ADB to boost forex reserves

The government wrote letters to the two lenders seeking $1 billion each from them to help the economy cope with the ripple effects of the war in Ukraine and energy price shocks

Zomato stock drops as 612 million shares go for sale on discount

The selling undisclosed shareholder in the block trade offered the stock at between Rs 48 and Rs 54 a piece

Ripples from Pelosi's Taiwan trip may take time to impact global markets

Nancy Pelosi's visit is fanning fresh jitters among investors already spooked by the threat of a global slowdown amid surging inflation

World's food supply faces new threat after India's rice crop falters

The threat to India's rice production comes at a time when countries are grappling with soaring food costs and rampant inflation

China's Covid zero policy could last for years as it works for Xi

It's 2025 in Beijing, five years since the start of the pandemic, and Chinese President Xi Jinping's Covid Zero policy is still an inescapable part of daily life

UK already in recession as cost of living crisis hits household incomes

The UK economy is already in recession as the cost of living crisis has devastating consequences for household incomes, a leading think tank has concluded

US warns of possible retaliation after killing of Al-Qaeda's al-Zawahiri

In a Worldwide Caution Update, the department said it believed "there is a higher potential for anti-American violence given the death of Ayman al-Zawahiri on July 31, 2022"

26-yr-old winemaker Sula to test Indian IPO market after tech unicorns flop

Sula Vineyards Ltd., which last month filed for an initial public offering, says it has over a 50% share of India's small but rapidly growing wine market

Asian unicorns are trading 40% cheaper than 6 months ago in private markets

"For some of the unicorns, we are seeing very limited demand," Patel said, adding that bid offers are 25% to 50% lower compared with the firms' latest fundraising valuations.

Meta-owned Facebook algorithms are losing ground to Europe's madmen

The economy is weakening, and so is demand for advertising - at least, that's how Facebook parent Meta Platforms Inc. justified its first-ever quarterly decline in revenue last week

Property crisis threatens to drag down a third of China's steel industry

Almost a third of China's steel mills could go into bankruptcy in a squeeze that's likely to last five years

Bangladesh, world's no 2 clothes exporter, sees order drop as power falters

Bangladesh's garment industry is facing a double whammy from slowing global demand and an energy crisis at home that's threatening to thwart the nation's pandemic recovery

Bangladesh economy outshone India, now it must learn from its neighbour

Bangladesh's per capita national income is now higher than that of India next door

Global gas crunch leaves Bangladesh facing blackouts until 2026

Bangladesh is seeking support from creditors, including the International Monetary Fund

Alibaba moves a step closer towards getting booted off US stock exchanges

The firm's shares fell 9.5 per cent at 1:13 pm in New York after the announcement

With $208 bn in fortunes, Mukesh Ambani, and Gautam Adani start to face off

Ambani's Reliance Jio Infocomm Ltd. is the top player in India's mobile market, while the Adani Group doesn't even have a license to offer wireless telecommunications services

Oil prices fall as China slowdown spurs concern over demand outlook

Weekend data indicated a surprise contraction in Chinese factory activity, highlighting the cost of Beijing's preference for mobility curbs to tackle Covid-19