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Ukraine war ignites global backlash against hegemony of US dollar

Still, the drumbeat of de-dollarization is continuing unabated in the developing world

Airlines scour globe for capacity as aircraft shortage takes toll

The massive aircraft deals announced this year are testament to the optimism about a post-pandemic rebound

Dell reports sales topping analysts' estimate as business PCs rebound

Dell gave a lukewarm sales outlook that suggests a recovery may take a bit longer than expected. Revenue will be $20.2 billion to $21.2 billion in the current period ending in August

Global food costs at two-year low in May but grocery bills stay high

A United Nations' index of food-commodity prices fell 2.6% in May, as declines in grains, vegetable oil and dairy offset higher sugar and meat costs

IMD working on new ways to predict monsoon rains amid climate change

National Monsoon Mission, which set out in 2012 to move the nation over to a system that relies less on historical patterns and more on real-time, on-the-ground data gathering, is starting to pay off

India mulls issuing green ammonia tender to curb fertilizer emissions

Talks are taking place between fertilizer manufacturers and the country's renewable energy ministry to assess potential demand for the feedstock, Bhupinder Singh Bhalla, the dept's top bureaucrat said

No new Apple store in India till 2025, as company plans global retail push

The California-based tech giant doesn't have plans to open new Apple stores outside of Delhi or Mumbai, and even those will not be launched before 2025

Vedanta-Foxconn setback shows cracks in Modi's $24 bn manufacturing push

A $3 billion proposal that had Israeli foundry Tower Semiconductor Ltd. as a tech partner has also stalled, while a third plan is stuck because Singapore-based IGSS Ventures Pte wants to re-apply

Edtech major Byju's lenders scrap talks to restructure a $1.2 bn loan

Byju's has to make an interest payment on the loan by June 5

Here's how a covert relationship with Taliban backfired for US ally Pak

"Pakistan saw the Taliban as deeply connected to the TTP and able to persuade it to stop its attacks"

Elon Musk again becomes World's richest person as Arnault's LVMH sinks

The Tesla Inc. chief executive officer surpassed luxury tycoon Bernard Arnault on Wednesday after shares of Arnault's LVMH fell 2.6% in Paris trading

Contaminated drugs: USFDA uncovers failures in India's pharma factories

The $50 billion sector is under the spotlight after a number of recent scandals linked to smaller, privately-held Indian companies, including the deaths of dozens of children in Gambia and Uzbekistan

US House passes debt-limit deal easing default concerns; Bill now in Senate

The House passed debt-limit legislation forged by President Joe Biden and Speaker Kevin McCarthy that would impose restraints on government spending through the 2024 election

China woos Jamie Dimon, elon Musk in search of economic boosters

Politburo members, ministers recently met Starbucks, Arm, Franklin Templeton execs

Deloitte flags Adani Port transactions citing 'insufficient disclosures'

It's the first time that a top auditor has issued a qualified opinion on part of the empire's books citing allegations from the US short seller report that has wiped more than $100 bn off the group

A $2.5 bn debt bill shows risks ahead for Anil Agarwal's Vedanta Resources

Vedanta's dollar note maturing Wednesday is trading at 99.4 cents to the dollar, indicating confidence in the market that it will be repaid

Nvidia's market valuation touches $1 trn mark after beating rivals to AI

Nvidia was up 3% to $401.11 as of the close in New York, putting its market capitalization at $990.7 billion

Economists predict first rate cut by RBI in 2024 for durable growth

Policy makers from the RBI will meet June 6-8 to deliberate and economists are expecting another hold in rates as the central bank focuses on growth while inflation shows signs of moderating

Elon Musk begins second day of China visit after emphasizing ties

Tesla wants to pursue a deal similar to one that Ford Motor Co. announced in February with CATL to construct a plant wholly owned by the US automaker

Vedanta-Foxconn chip venture application for India funding to be rejected

Nine months after Agarwal announced the chip partnership to build India's "own Silicon Valley," the project is yet to find a technology partner or license manufacturing-grade technology