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Morgan Stanley plans biggest round of job cuts in Asia Pacific in years

The final size and timing of the cuts may change, the people said. A media representative for the New York-based bank declined to comment.

President Biden's push for World Bank funds to compete with China stalls

The World Bank's two major lending arms committed a combined $72.8 billion last year, with total cumulative lending since 1945 at nearly $1.4 trillion

SEC targets its own staff's texting, nixes WhatsApp office phones

The regulatory crackdown extracted at least $200 million apiece from Wall Street giants such as Bank of America Corp., JPMorgan Chase & Co and Goldman Sachs Group Inc, while also fining others

Boeing plane's mid-air blowout result of ignorance to safety: FAA panelist

The company is preparing a 90-day plan to overhaul its quality and safety practices in response to the panel's findings

Elon Musk expected to meet with space startups during India visit

India's national space program has had some recent successes. It became the first country to land a spacecraft near the moon's south pole last year and is planning its first crewed mission in 2025

Tesla's market valuation declines below $500 billion as risks pile up

The stock tumbled about 4% to below $154 at one point on Tuesday in New York, bringing this year's drop to some 38%

Hidden billions in Tokyo real estate market lure activist hedge funds

In Japan, there's a huge gap -22 trn yen ($143 bn) by one estimate - between how firms value their real estate assets on their books, versus what those properties would fetch if sold in current market

US industrial production rises for second month on boost from manufacturing

Manufacturing, which accounts for three-fourths of total industrial production, is showing signs of turning a corner after more than a year of sluggish activity, helped by resilient consumer demand

Russia trying to force Ukrainians to abandon their 2nd-biggest city Kharkiv

Russia has set its sights on Kharkiv since the invasion began - and Putin's aim of subjugating Ukraine in its entirety has unlikely changed since then, western officials believe

Reliance Industries tries to sell US crude oil as Russian flows gain

Reliance also attempted to sell cargoes of Murban crude for April-May loading before offering the American oil, the traders said

China's air passenger traffic hits fresh record on New Year boost

Total air passenger traffic reached almost 180 million trips in the first three months of 2024, state broadcaster CCTV said Tuesday, citing data from the Civil Aviation Administration of China

GQG looking to invest around $400 million in ailing Vodafone-Idea

The $2.2 billion share sale, which will start on April 18 and close April 22, has a floor price of 10 rupees (12 cents) per share and a ceiling price of 11 rupees

Singapore orders all employers to consider employees' flexi-time requests

While the guideline isn't enforceable by law, it does require all firms in Singapore to set up a process for employees to submit a formal flexible-working arrangement request

G42 made secret pact with US to divest from China before Microsoft deal

In exchange for the Chinese divestment, G42 was assured that it would have continued access to US technology that powers AI applications, one of the people said

Sydney Bishop stabbed during service by teen in terror attack, say police

The attack comes as Sydney reels from a mass stabbing on Saturday at a shopping mall near the city's famed Bondi Beach that left six people dead and at least 12 injured

Boeing to ask operators for new 787 checks linked to jet's multiyear review

Boeing's latest recommendation comes as it responds to mounting scrutiny of its manufacturing and safety practices

Pak needs up to three years for reforms suggested by IMF: Finance chief

Pakistan rebuilt trust with the IMF through the completion of its nine-month loan where an agreement was reached in March for the final disbursement, he said

Mark Zuckerberg avoids personal liability in Meta addiction lawsuits

Rogers ruled that Zuckerberg was not required to disclose safety information absent a "special relationship" with the users of Meta's products, according to the order

Coal fuels India's power demand as growing economy crushes green hopes

Electricity consumption in India is growing at the fastest rate of any major economy, driven by rising temperatures and incomes, which have pushed up sales of power-intensive appliances like ACs

Iran's nuclear monitors still operating amid Israel retaliation threats

The presence of International Atomic Energy Agency monitors is significant because they inspect some of the facilities that could be targeted by Israel