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India to add $5 bn aircraft carrier to counter China's naval presence

The new carrier, which can hold at least 28 fighter jets and helicopters and displaces 45,000 tons of water - a measure of size for ships, will be flying the French Rafale jets

Adani Group stocks add $15 billion in best day since Hindenburg report

The jump added more than $15 billion to the ports-to-power conglomerate's market value, the most since Hindenburg Research in its Jan. 24 report

Sony-Zee merger risks collapse ahead of its deadline over CEO drama

Zee is insisting that its Chief Executive Officer Punit Goenka - also its founder's son - will helm the new entity, as agreed in the pact signed in 2021, while Sony is wary of his appointment

OPEC defends 'vilified' oil-and-gas industry on eve of climate meeting

The Organization of Petroleum Exporting Countries said that the IEA has "unjustly vilified" the industry over its role in the climate crisis

HSBC hires UBS's Gautam Anand for role serving India's rich diaspora

Gautam Anand was appointed Global Coordinator for Global India, the Middle East, North Africa and Europe from Dec. 1, according to an internal memo seen by Bloomberg News

As Jeff Bezos moves south, Amazon eyeing more office space in Miami

Amazon is seeking roughly 50,000 square feet (4,650 square meters) of office space, according to people familiar with the matter, who asked not to be identified because the plans are private

China's property lifeline exposes banks to big losses and job cuts

Already stung by soaring bad loans and record low net interest margins, lenders such as Industrial and Commercial Bank of China Ltd. may soon be asked for the first time to provide unsecured loans

Zuckerberg vetoed ban on certain filters despite concerns for kids: Lawsuit

The suit, initially filed in federal court in Oakland last month, added to growing scrutiny of social media giants over how they serve their youngest users

Judge denies Meta's bid to push US FTC into court on privacy settlement

US District Judge Timothy Kelly in Washington ruled Monday that the federal court didn't have jurisdiction over the FTC settlement with the parent company of Facebook and Instagram

Foxconn's Hon Hai to expand footprint in India with $1.6 bn investment

The news comes as Hon Hai, also known as Foxconn, and other Taiwanese electronics manufacturers continue to diversify their businesses outside of China

Alibaba founder Jack Ma gets back into business with 'Ma's Kitchen Food'

Ma, whose comments about China's outmoded financial system helped trigger the crackdown, has since largely devoted his time to agricultural pursuits though his foundation

China warns of surge in respiratory illness after mystery disease hits kids

The steady rise in pneumonia among children in kindergartens and primary schools flooded hospitals this month and prompted the World Health Organization to make an inquiry with Beijing

AI chip boom fuels Taiwan firm's 40% rally, beating Qualcomm, peers

The buzz surrounding MediaTek casts a spotlight on growing competition between semiconductor firms that are exploiting the use of AI to grab a larger share of the smartphone business

Profits at China's industrial companies rise as deflation persists

For the first 10 months of 2023, profits fell 7.8 per cent from the same period a year earlier, moderating slightly from the 9 per cent fall through the first nine months.

ByteDance to fire hundreds and shut Nuverse in major gaming retreat

TikTok's owner will fire several hundred people, unwind projects under development and weigh potential sales of existing titles, people familiar with the matter said

'AI blowback' fears grip the ESG fund managers betting on Big Tech

The ESG investing industry may be more exposed to such risks than most, after taking to tech in a big way

Inflation gauges in the US at 2-year lows may spur rate hike pause

Despite the disinflation progress, officials on both sides of the Atlantic insist they want to see more evidence to be sure that consumer prices are durably under control

Hamas delays hostage release citing Israel's 'non-compliance' on deal terms

Israel had been anticipating the latest group of hostages would be freed in the evening, part of a four-day temporary cease-fire in which about 13 prisoners would be released daily

Alibaba Group Holding starts its overhaul to revamp cloud business

Key among those is the so-called public cloud - the domestic cloud services arm aimed at enterprise customers in China - which will be led by Liu Weiguang

Crude oil holds a decline as Opec+ dispute clouds production outlook

Saudi Arabia, the de facto leader of Opec, and its allies are embroiled in a dispute over output quotas for African members