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Go Air troubles mount as billionaire-backed Indian airline nears collapse

Chief Executive Officer Kaushik Khona quit at the end of November, saying he couldn't get the carrier flying again and that staff hadn't been paid for six months

Bank of England holds rates with warning of 'way to go' on inflation

The UK central bank's decision contrasted with the US Fed's admission last night that reductions were on the agenda, reiterating that BOE policy will be "sufficiently restrictive" for long

European Central Bank holds rates as inflation cools but hastens bond exit

The deposit rate was left at a record 4% with the ECB reiterating that this level will make a "substantial contribution" to returning consumer-price growth to its 2% goal

China's Country Garden prevents worsening of debt crisis with payment

The distressed builder's onshore unit, Country Garden Real Estate Group Co., repaid in full $111 million bond with a put option that expired Wednesday, it said in a filing

Russian President Putin vows victory in war as West wavers on Ukraine

Putin is holding the news conference for the first time since he ordered the February 2022 invasion of Ukraine

Adani Ports plans to issue $120 million rupee bond sale, first since 2021

Flagship Adani Enterprises Ltd. became the first of Indian billionaire Gautam Adani's firms to sell local-currency bonds, since being targeted by US short seller Hindenburg Research in January

iPhone maker Apple's market value approaches that of French stock market

The combined market value of companies listed in Paris was about $3.2 trillion as of Wednesday's close versus the technology giant's $3.1 trillion

Gautam Adani's copper foray may further tighten global supply of ore

India's imports of copper concentrate could grow to as much as 2 million tons in 2024, from 1.3 million tons estimated for this year, said Soni Kumari, commodity strategist at ANZ Banking Group

In a blow to Tesla, Indian govt says not planning to reduce EV import tax

Parkash said existing policies under the government's "Make-in-India" push are aimed at encouraging domestic and foreign investment in the EV industry

After bumper years, oil demand growth in Indian market to taper in 2024

Consumption will expand 150,000 barrels a day in 2024, down from about 290,000 barrels a day seen from 2021 to 2023, according to Rystad Energy Head of Oil Trading Mukesh Sahdev.

World's top spaceport faces hard times as Russia, Kazakhstan squabble

But plans for the site meant to help propel Russia's efforts in the new space age risk running off course

Nasdaq hit by system error affecting thousands of trades, nixing some

The incident, starting around 2:30 p.m. New York time, involving "certain FIX/RASH order entry ports," Nasdaq said in an emailed statement that didn't elaborate on the cause

Adobe signals slow growth in generative AI tech, disappoints investors

In the fiscal fourth quarter, sales increased 12% to $5.05 billion. Profit, excluding some items, was $4.27 a share

US approves new kind of nuclear reactor for first time in 50 years

There's growing global interest in accelerating deployment of nuclear power as a key part of the fight to rein in climate change, but that effort has been hampered by a regulatory process

UBS steps up bid to claw back cash bonuses from Credit Suisse defectors

UBS has contacted hundreds of bankers and offered some multi-year payment plans amid efforts to claw back a chunk of the 1.2 billion Swiss francs ($1.38 billion) in restricted cash bonuses

EU deal to force Uber, Deliveroo to reclassify some drivers as employees

The EU's deal would give eligible individuals rights typically enjoyed by employees, including minimum wage, paid leave and unemployment benefits

Nasdaq planning to repurpose technology from curtailed crypto foray

Nasdaq and other mainstream financial firms pulled back on their ambitions in digital assets as regulators seek to isolate the US financial system from cryptocurrencies

There is no money: Argentina begins shock remedy to jolt stagnant economy

Total spending cuts will amount to 2.9% of gross domestic product, a senior government official said later. The goal is to eliminate the primary budget deficit

OpenAI to pay Axel Springer SE tens of millions to use news content

OpenAI's partnership with Axel Springer comes after months of clashes between news publishers and tech companies over how their content can be used to train AI systems

Tesla shows off Optimus Gen 2 robot with improved hands, slimmer figure

Optimus remains a concept in development and will have to shake off the underwhelming debut it made a year ago, when Tesla staff had to move one of the prototypes into position