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Blackstone plans to invest $25 billion in India private equity asset

The New York-based firm also intends to bring on 20 more investment professionals to its asset management business in India and double its office space in Nariman Point in downtown Mumbai

Amazon bets $150 billion on data centers required for AI boom: Report

The spending spree is a show of force as the company looks to maintain its grip on the cloud services market, where it holds about twice the share of No. 2 player Microsoft Corp.

US and UK probe $20 billion of crypto transfers to Russian exchange

The Biden administration has been attempting to squeeze crypto exchanges like Garantex since the early days of the war

China's property crisis ripples through banks as bad loan ratios creep up

Bank of Communications Co. reported Wednesday that its property bad loan ratio jumped to 4.99 per cent at the end of last year from 2.8 per cent a year earlier

Robeco, Lombard Odier among buyers of new Adani Green Energy bonds

Adani Green and associated firms raised $409 million this month in the conglomerate's first debt sale since a damaging short-seller report last year

Days after Baltimore bridge collapses, union fears loss of 2,400 jobs

Dock workers are hired daily based on what's needed, without a guarantee of pay if the port is shut down, Cowan said. As a result, union members have been reaching out

Here's why China's EV market and BYD show the future is already here

Battery metals such as lithium, nickel and cobalt are down by, respectively, 80%, 30%, and 25% over the past year

Smartphone giant Xiaomi begins assault on Tesla, $200 bn EV market in China

Billionaire co-founder Lei Jun has called the challenge his final major endeavour, testing Xiaomi's ability to crack a crowded market for a second time with its technological capabilities

Greek golden visa: New rules on property use, investment from March 31

From now on, investors aiming for residency rights will face heightened investment requirements, especially in high-demand areas such as Athens, Thessaloniki, Mykonos, Santorini, and other islands

Rupee's decline to record low triggers biggest selloff in Indian bonds

The selloff came on the day when the rupee fell by the most in six months

Family behind Country Garden to reap $50 mn in dividends despite crisis

Country Garden, once China's biggest developer, is among the builders that have been engulfed in the nation's property crisis, denting Yang's empire

Baltimore bridge collapse: Ship that crashed has a troubled history

The incident is proving disruptive for shipping at one of the busiest ports on the US East Coast and also for road transport, as it severed a key link on the major highway encircling Baltimore

'No-fail' mission to protect Red Sea fails as Houthi attacks continue

The Houthi campaign, which claimed its first civilian ship sunk in early March and its first fatalities not long after, is also a growing threat to the global economy

Baltimore bridge collapse: Coal exports likely to be blocked for weeks

Ernie Thrasher added that the coal that moves out of Baltimore includes a lot of India-bound thermal coal, which is used for electricity generation

Donald Trump barred from attacking jurors, lawyers in hush-money trial

Trump is accused in the case of falsifying business records to conceal a hush money payment to a porn star before the 2016 election, part of an alleged scheme to keep voters in the dark

Boeing at risk of downgrade by Moody's Ratings over cash flow concerns

Boeing on Monday announced a management shakeup that includes Chief Executive Officer Dave Calhoun stepping down at the end of the year

Titanic law helps ship owner limit liability in Baltimore bridge collapse

At the center of the legal fallout will be Singapore-based Grace Ocean, owner of the container ship Dali that crashed Tuesday into the Francis Scott Key Bridge at the start of a voyage

Baltimore bridge collapse: 6 dead, port disruptions hit cars to coal

The toll could have been worse except for a mayday call from the Singaporean-flagged vessel as it lost power

Carlyle said to weigh $1 bn IPO for IT firm Hexaware Technologies

The US investment firm is speaking with potential arrangers to help prepare for an IPO in Mumbai this year or next, the people said

Apple set to unveil AI strategy at developers conference on June 10

The iPhone maker announced WWDC timing, saying event will run through June 14. Though Apple didn't say what it plans to unveil, people familiar with matter have said that presentation will focus on AI