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UK wages grow at a record pace, fuelling Bank of England's inflation worry

The figures are the first of two batches of economic data that will guide the BOE's next rate decision on September 21

UK wages grow at a record pace, fuelling Bank of England's inflation worry
Updated On : 15 Aug 2023 | 10:29 PM IST

Donald Trump's fourth indictment: 5 ways in which Georgia is different

Prosecutors began their investigation soon after news broke that Trump had called Georgia Secretary of State Brad Raffensperger on Jan. 2, 2021

Donald Trump's fourth indictment: 5 ways in which Georgia is different
Updated On : 15 Aug 2023 | 10:25 PM IST

Ola to offer e-bikes, cheap e-scooters to phase out petrol two-wheelers

Ola is building what it's touting as the world's largest electric vehicle hub to churn out battery-powered two-wheelers, cars and EV cells, in addition to housing vendor and supplier facilities

Ola to offer e-bikes, cheap e-scooters to phase out petrol two-wheelers
Updated On : 15 Aug 2023 | 2:17 PM IST

Foxconn spends more to accelerate global migration as China falters

What replaces Foxconn's former mega-factory strategy will have huge ramifications for multi-billion dollar industries, geopolitics, and the world's largest economies

Foxconn spends more to accelerate global migration as China falters
Updated On : 15 Aug 2023 | 11:38 AM IST

Donald Trump indicted over efforts to undo 2020 election defeat in Georgia

Trump, 77, was charged with racketeering, which was the central count in the indictment and included 161 specific acts in furtherance of that conspiracy

Donald Trump indicted over efforts to undo 2020 election defeat in Georgia
Updated On : 15 Aug 2023 | 9:37 AM IST

China's economic slowdown a 'risk factor' for US Economy: Janet Yellen

"That said, I feel very good about US prospects overall. Let's call that a risk," she said, referring to China

China's economic slowdown a 'risk factor' for US Economy: Janet Yellen
Updated On : 15 Aug 2023 | 7:10 AM IST

Amazon cracking down on US employees who stay away from the office

Despite the end of pandemic-era, many employees are reluctant to come back to the office full time

Amazon cracking down on US employees who stay away from the office
Updated On : 14 Aug 2023 | 11:47 PM IST

Tesla reignites electric vehicle price war with new round of cuts in China

The cuts follow moves by Geely Automobile Holdings' Zeekr brand, which lowered prices by as much as 37,000 yuan

Tesla reignites electric vehicle price war with new round of cuts in China
Updated On : 14 Aug 2023 | 11:38 PM IST

China finance giant's missed payments alarm regulators and markets

Task force set up after a unit of Zhongzhi Enterprise, one of nation's top wealth managers, missed payments on multiple high-yield investment products

China finance giant's missed payments alarm regulators and markets
Updated On : 14 Aug 2023 | 11:27 PM IST

Business travel spending to top pre-covid level to over $1.78 trn in 2024

How and when business passenger volumes will recover to 2019 levels remains to be seen, according to the report, which assesses data from 72 countries and 44 industries

Business travel spending to top pre-covid level to over $1.78 trn in 2024
Updated On : 14 Aug 2023 | 11:27 PM IST

Wheat markets shrug off Black Sea flashpoints as exports flow: Report

Ukraine said the vessel stopped - the Sukru Okan - was Turkish. A person familiar with the matter said the ship was empty and had unloaded a corn cargo the previous day in Greece

Wheat markets shrug off Black Sea flashpoints as exports flow: Report
Updated On : 14 Aug 2023 | 11:03 PM IST

Bank Of England expects delayed payments to be settled today after hitch

"The issue has been resolved and all CHAPS payments submitted to the bank are settling normally," the BOE said in a statement

Bank Of England expects delayed payments to be settled today after hitch
Updated On : 14 Aug 2023 | 10:57 PM IST

Near-term inflation outlook at lowest since 2021 in US Fed survey

The findings are in line with other reports showing that price pressures and consumers' inflation expectations are cooling

Near-term inflation outlook at lowest since 2021 in US Fed survey
Updated On : 14 Aug 2023 | 10:50 PM IST

Evergrande's EV maker agrees to sell 28% stake for $500 mn to Dubai's NWTN

NWTN has agreed to invest $500 million in China Evergrande New Energy Vehicle Group Ltd. in exchange for shares and a majority of the EV maker's board

Evergrande's EV maker agrees to sell 28% stake for $500 mn to Dubai's NWTN
Updated On : 14 Aug 2023 | 10:48 PM IST

Bankers hate saying 'ESG' but are hardwiring it into finance: Survey

The term ESG has only existed for about two decades after being created through a United Nations-led initiative

Bankers hate saying 'ESG' but are hardwiring it into finance: Survey
Updated On : 14 Aug 2023 | 9:41 PM IST

Amazon loses key backer 4 years into plan to eliminate carbon emissions

The Science Based Targets initiative, a United Nations-backed entity that validates net zero plans, has removed Amazon from its list of companies taking action on climate goals

Amazon loses key backer 4 years into plan to eliminate carbon emissions
Updated On : 14 Aug 2023 | 9:36 PM IST

Tobacco-to-soap conglomerate ITC approves hotel business spin-off

The decision to spin off its upmarket lodging arm had been widely anticipated by analysts and investors

Tobacco-to-soap conglomerate ITC approves hotel business spin-off
Updated On : 14 Aug 2023 | 8:53 PM IST

India needs to balance ties with China to grow, says US biz lobby

Since 2020, Beijing and New Delhi have positioned thousands of troops and weaponry close to the 3,488 kilometer (2,167 miles) disputed Himalayan border after a clash

India needs to balance ties with China to grow, says US biz lobby
Updated On : 14 Aug 2023 | 5:01 PM IST

IPhone maker Foxconn cuts 2023 sales forecast after mobile demand sags

Foxconn also known as Hon Hai now expects most of its main business segments, including smartphones, to contract "slightly" this quarter and over the entire year

IPhone maker Foxconn cuts 2023 sales forecast after mobile demand sags
Updated On : 14 Aug 2023 | 3:25 PM IST

China looks to attract foreign investment as its economy struggles

The 24-point plan from the State Council - China's cabinet - also promises to relax regulations on transferring data overseas, among other measures

China looks to attract foreign investment as its economy struggles
Updated On : 14 Aug 2023 | 2:59 PM IST