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High interest rates causing surge in company insolvencies in England

Official figures Tuesday showed the number of company insolvencies in England and Wales jumped 10% year-on-year to 6,208 in the third quarter

Saudi Arabia's economy suffers biggest contraction since 2020 on oil cuts

Gross domestic product shrunk 4.5% in the third quarter compared to a year earlier, driven by a 17% drop in the oil economy

China's spy agency vows crackdown on weather stations with foreign links

Foreign embassies and research groups gather weather data in China, activity that becomes more important as the nation deals with bouts of extreme weather such as flooding in the Beijing area

Debut of 50-year bond in India leaves insurers hungry for a share

The government plans to sell Rs 10,000 crore ($1.2 billion) of a 2073 bond on Friday, according to the Reserve Bank of India.

Elon Musk's X is worth less than half of the price he paid for Twitter

Since the takeover, most of Twitter's staff was laid off or resigned. Musk renamed the company X, changed some of its content rules and lost more than half of its advertising revenue

Apple unveils new laptops, iMac, trio of powerful chips with improvements

The new chip lineup relies on advanced 3-nanometer manufacturing technology and more efficiently handles graphics processing, Apple said in a presentation Monday

India, UK see free-trade deal possibly in December after poll results

There isn't any firm deadline but an announcement could be made after the vote concludes and results are out December 3

Foreign investors cut holdings of Indian stocks at fastest pace in months

India's benchmark NSE Nifty 50 Index has slipped 3.3% so far this month, faring a little better than the 3.8% decline seen in the broader MSCI Asia Pacific Index

Siemens Energy considering to sell substantial part of 24% stake to Siemens

The shares are currently worth about 3.3 billion ($3.5 billion). Siemens already owns 51% of the Indian business

Warning signs show that Apple is losing its Chinese consumers to Huawei

The iPhone 15 series saw a 6% decline in sales in its launch month compared with the prior year, according to data from market researcher GfK that covers end-consumer sales for all channels

India's rice export restrictions are pushing global south towards a crisis

Every rice eater in the world has felt the pinch of India's export restrictions

Foxconn's Terry Gou continues presidential bid for Taiwan amid China woes

At a religious event on Sunday in Taipei, Gou repeated his stance that the Taiwanese people don't want war with China. But there, too, he didn't address Foxconn's China woes

Sebi turns up heat on unregistered influencers giving tips on social media

The regulator's order is at least the third high-profile crackdown on a financial influencer this year

Vodafone nears stake sale in $5.3 bn Spanish unit to Zegona: Report

While discussions are at an advanced stage, they could still be delayed or even falter, according to the people

Goyal condemns terrorism, stresses unity with G7 as Israel crisis soars

Goyal's remarks reflect a close and growing interplay between trade and geopolitical tensions around the world, amid concerns that the conflict in the Middle East could spread

Crypto unicorn CoinDCX expects govt to lower tax that crushed trading

The company reduced staff by 12% earlier in 2023 and now has around 550 employees. Operating revenue and cash in the bank give CoinDCX a five-year "runway," Gupta said

Elon Musk says X's new products will challenge YouTube and LinkedIn

Revenue at X is still largely coming from advertising, which accounts for about 75% of total sales compared with 25% from subscriptions and data

Big Tech sheds $200 billion in value as earnings disappoint this year

The seven companies have been the story of the year in the stock market, with a frenzy of interest around artificial intelligence fuelling gains for many of them

At 4.9%, US third-quarter GDP grows at the fastest pace in two years

A closely watched measure of underlying inflation, meanwhile, cooled to the slowest pace since 2020

Adani Group seeking to raise $4 bn to fund green hydrogen plans

Tycoons like Adani and his rival Mukesh Ambani are betting on green hydrogen as Prime Minister Narendra Modi seeks to establish India's leadership in the transition toward cleaner technology