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Slow US inflation retreat to bolster Fed Reserve's patience over rate cuts

Away from inflation, there are scant signs of stress in the economy. The latest jobs report pointed to moderating yet healthy employment growth that will keep consumer spending afloat.

Bitcoin miners are devouring electricity at record pace during crypto rally

Since February 2023, 13 of the top mining companies have placed orders for over $1 billion worth of specialized computers, according to data compiled by TheMinerMag based on public filings

United Airlines' plane veers off runway in third Boeing mishap of the week

The 21-year-old aircraft was also a 737 - but an earlier version than the Max, according to FlightRadar24

Boeing's largest union demands 40% salary hike over 3 yrs, as talks begin

The company's stock extended declines after the union announced its demands, falling as much as 2.2%

US Senate approves $460 billion funding package, avoiding shutdown

The Senate voted 75 to 22 on Friday evening to approve the package, negotiated by congressional leaders from both parties. The House overwhelmingly passed it earlier this week

OpenAI's Sam Altman returns to company's board after probe clears him

Altman is rejoining the company's board following the findings

OECD warns about debt market danger as maturity wall looms: Report

In a report published Thursday, the Paris-based organization estimated that total government debt issued by its 38 member countries will rise by $2 trillion to a record of $56 trillion this year

Fed is 'not far' from confidence needed to cut rates, says Jerome Powell

Powell's remarks add some additional color about officials' thinking around the timing of the first rate cut, bolstering the idea that such a move could come in the next few months

Hong Kong to name ex-KPMG China head Carlson Tong to chair stock exchange

Tong is expected to take over as the next chairman of the Hong Kong Exchanges & Clearing Ltd. after April 24, according to people familiar with the matter

Huawei chip breakthrough used technology from two US gear suppliers

Lauded in China as a major leap in indigenous semiconductor fabrication, last year's SMIC-made processor powered Huawei's Mate 60 Pro and a wave of patriotic smartphone-buying in the Asian country

India's aviation industry should embrace new safety rules quickly

Maximum flight times have been cut and the definition of night duty - when reduced work times are enforced - will be broadened under new rules

US preparing UNSC resolution to warn against nuclear weapons in space

The Security Council is already set to discuss nuclear disarmament and nonproliferation in a meeting on March 18

Paramount in talks to sell India TV joint venture stake to Reliance

New York-based media company has been in advanced talks to sell its minority stake in Viacom18 Media Pvt. to Reliance, said the people, who asked to not to be identified as the information is private

ECB keeps rate unchanged at 4%, may cut in June with 2% inflation in sight

The ECB's latest quarterly outlook offered strong encouragement, putting inflation at 2.3% this year and revising the 2025 forecast down to 2%. For 2026, it's still seen at 1.9%

India roils market with new crackdowns on booming IPO financing, gold

Paytm is still down more than 40% since its banking affiliate was barred from adding deposits after people familiar with the matter said it failed to properly vet hundreds of thousands of clients

India's surprise GDP driven by more than just one-off factors, says CEA

The surprise 8.4% surge in gross domestic product was largely due to base effects related to subsidies, which boosted the net indirect tax category, CEA V Anantha Nageswaran said

Heavy rain, hail lower India's chance to reap record wheat crop output

The farm ministry in February predicted a record harvest of 112 million tons this year, and farmers will begin collecting crops in April

Ex-Google engineer charged by US with AI tech theft for Chinese firms

A Google spokesperson said Ding acted alone and that the company was able to act quickly and refer the case to law enforcement after discovering the problem

Carlyle, CVC, KKR show interest in potential takeover of Samsonite

The investment funds may consider teaming up and forming a consortium if Samsonite decides to move forward with a plan to go private, in that case, more bidders could emerge

Bond scion Aditi Mittal taps India mkt boom to transform her family firm

With JPMorgan Chase & Co. set to add India to its global bond indexes from June, the previously insular debt market is facing global attention