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Federal Reserve's decision could lead to interest rate cut in March

'The stage is set for the Fed to take steps toward cutting rates in coming months,' analysts say

Federal Reserve's decision could lead to interest rate cut in March
Updated On : 28 Jan 2024 | 2:11 PM IST

Elon Musk's X pledges 100-person office in Texas to enforce content rules

The company aims to hire 100 full-time content moderators at the new location, according to Joe Benarroch, head of business operations at X

Elon Musk's X pledges 100-person office in Texas to enforce content rules
Updated On : 27 Jan 2024 | 10:47 PM IST

US aims to use Israel-Hamas deal to open more lasting regional peace talks

The senior State Department official, who asked not to be identified discussing private conversations, said Secretary of State Antony Blinken had spoken recently to McGurk and Burns about the talks

US aims to use Israel-Hamas deal to open more lasting regional peace talks
Updated On : 27 Jan 2024 | 10:57 AM IST

United Nations fires Gaza staff over claims they joined Hamas attack

A vast majority of UNRWA's 30,000 staff is Palestinian, with 13,000 of those in Gaza. The US State Department said in a statement Friday that 12 UNRWA staff had been accused of links to the attacks

United Nations fires Gaza staff over claims they joined Hamas attack
Updated On : 27 Jan 2024 | 8:11 AM IST

New York court orders Trump to pay $83.3 million for defaming Carroll

Trump wasn't in the courtroom for the verdict. A few minutes after it was announced, he continued to fight back on social media

New York court orders Trump to pay $83.3 million for defaming Carroll
Updated On : 27 Jan 2024 | 7:22 AM IST

US media layoffs top 3,000 in past year as digital ads disappoint

The job reductions include some of the most storied names in the business. Time magazine cut 15% of its staff. Conde Nast, publisher of Vogue and the New Yorker, has let go 5%

US media layoffs top 3,000 in past year as digital ads disappoint
Updated On : 27 Jan 2024 | 7:16 AM IST

Israel-Hamas war: Starbucks, Coke, McDonald's hit by Middle East boycotts

In Cairo, on a recent weekday, dozens of usually bustling Starbucks and McDonald's stores stood completely empty

Israel-Hamas war: Starbucks, Coke, McDonald's hit by Middle East boycotts
Updated On : 26 Jan 2024 | 11:38 PM IST

Mercedes-branded $1 billion tower is Dubai's latest bet on super rich

Last year, Binghatti broke ground on a tie-up with Bugatti Automobiles SAS on a project that will include elevators to transport cars to penthouses

Mercedes-branded $1 billion tower is Dubai's latest bet on super rich
Updated On : 26 Jan 2024 | 10:28 PM IST

Asian stocks drop after 6-day winning streak; Chinese shares decline

A gauge of US-listed Chinese companies slipped Thursday amid declines for Baidu Inc, Yum China Holdings Inc. and Alibaba Group Holding Ltd

Asian stocks drop after 6-day winning streak; Chinese shares decline
Updated On : 26 Jan 2024 | 10:08 PM IST

Ola founder Bhavish's Krutrim becomes first $1 billion Indian AI startup

It becomes the first Indian AI startup to gain a billion-dollar valuation, a mere month after debuting a large language model, the firm said in a blog post

Ola founder Bhavish's Krutrim becomes first $1 billion Indian AI startup
Updated On : 26 Jan 2024 | 6:05 PM IST

Qatar's credit rating upgraded by Moody's to match France, UAE, overtake UK

The rating company also changed Qatar's outlook from positive to stable, meaning another upgrade is unlikely in the short term

Qatar's credit rating upgraded by Moody's to match France, UAE, overtake UK
Updated On : 26 Jan 2024 | 12:44 PM IST

Chorus of Boeing critics mounts as airline CEOs call out planemaker

Alaska Air CEO Ben Minicucci echoed the sentiment, saying the carrier will "hold Boeing's feet to the fire to make sure we get good airplanes"

Chorus of Boeing critics mounts as airline CEOs call out planemaker
Updated On : 26 Jan 2024 | 7:02 AM IST

As consumer credit grows, India's lending boom can be safer, if not slower

For lenders, however, the problem with adding new borrowers is the incremental cost

As consumer credit grows, India's lending boom can be safer, if not slower
Updated On : 26 Jan 2024 | 6:57 AM IST

Red Sea crisis pushes costs of fuel tanker above $100,000 per day

The cost to ship refined products from the Middle East to Japan added another 3% to $101,000 a day on Thursday, according to data from the Baltic Exchange in London

Red Sea crisis pushes costs of fuel tanker above $100,000 per day
Updated On : 26 Jan 2024 | 12:02 AM IST

Weather risk emerges on radar of insurance industry after $70 billion hit

The development is forcing the industry to rethink some of its risk assumptions amid a clear uptick in the number of thunderstorms across Europe

Weather risk emerges on radar of insurance industry after $70 billion hit
Updated On : 25 Jan 2024 | 11:45 PM IST

Walt Disney's India unit market valuation halves in Reliance merger talks

After weeks of negotiations following a non-binding pact with Ambani's Reliance Industries Ltd. to merge their entertainment business

Walt Disney's India unit market valuation halves in Reliance merger talks
Updated On : 25 Jan 2024 | 11:40 PM IST

China officials cut costs as Xi says 'belt-tightening rules here to stay'

The term xiguan is "foreseeing that the financial situation is unlikely to fundamentally improve for a considerable period in the future," said Lu Xi

China officials cut costs as Xi says 'belt-tightening rules here to stay'
Updated On : 25 Jan 2024 | 11:37 PM IST

Malaysia's Khazanah in talks to lead Oyo's $400 million fund raise

The once-high-flying company, founded by Ritesh Agarwal, filed for an initial public offering for the second time in March, after slashing the target amount to be raised by about two-thirds

Malaysia's Khazanah in talks to lead Oyo's $400 million fund raise
Updated On : 25 Jan 2024 | 11:05 PM IST

US GDP expands 3.3% in Dec quarter, capping unexpectedly strong year

Gross domestic product increased at a 3.3% annualized rate, according to the government's preliminary estimate out Thursday. For all of 2023, the economy expanded 2.5%

US GDP expands 3.3% in Dec quarter, capping unexpectedly strong year
Updated On : 25 Jan 2024 | 10:47 PM IST

Brookfield planning $1.2 billion of debt to buy India assets: Reports

Investment firm Brookfield is betting on growth in India, whose economy is outpacing that of other large countries and where smartphone usage is increasing rapidly

Brookfield planning $1.2 billion of debt to buy India assets: Reports
Updated On : 25 Jan 2024 | 1:45 PM IST