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JPMorgan sets up unit in GIFT city to develop derivative products

The US bank will pitch the products to clients in Asia-Pacific and Europe, in addition to providing support for the offerings developed from the Gujarat International Finance Tec-City, or GIFT City

Europe makes final appeal to Biden for Ukraine aid before Trump term begins

Donald Trump, who takes office Jan. 20, has said he'd seek a quick deal between Kyiv and Moscow, raising concerns in Europe that such an accord would be disadvantageous to Ukraine

Lulu Retail Holdings shares fall on debut after $1.72 bn Abu Dhabi IPO

The hypermarket chain operator fell to as much as 1.99 dirhams ($0.54) per share in its Abu Dhabi trading debut, down 2.5 per cent from the offer price of 2.04 dirhams

Thailand set to reap $2 bn Rainbow Tourism boon with same-sex marriage law

The same-sex law that's slated to take effect in January will also create 152,000 full-time equivalent jobs and will help lift the nation's gross domestic product by 0.3 per cent

Brazil's embrace of Xi sets up a clash over Donald Trump's China policy

The infrastructure build-out is part of Lula's grand plan to move Brazil up the value chain and develop economically, with Beijing's help as key

Polymarket investigated by DOJ for 'letting' US users bet on platform

Polymarket said in a statement that the company would 'stand up for ourselves and our community', and alleged that the FBI search was politically motivated

US accuses China of vast cyber-espionage campaigns against telecoms

The hackers infiltrated networks of multiple telecommunications companies to steal customer call records and compromise communications belonging to a limited number of people in government agencies

Donald Trump wins Republican trifecta as GOP retains House majority

Trump's grip over the so-called Washington trifecta, having earlier won the majority of the Senate, also strengthens the party's hand to enact immigration controls

India takes tentative steps toward improving ties with Taliban-led govt

India closed its embassy in Kabul in August 2021 and has since then limited its engagement with the country to providing occasional humanitarian aid

Bigger than Musk's X, Seven & i's offer to rank among top buyout deals

A successful transaction would surpass what KKR & Co. and TPG Capital paid to take over Energy Future Holdings Corp., formerly known as TXU Corp

Abu Dhabi's $1 trillion wealth fund rejigs strategy to speed up deals

ADIA is working with a wider range of hedge funds offering everything from long-only bets to quant wagers, although its overall exposure to that sector won't necessarily increase

Weekly contracts that made India top options market has last trading day

The surge in options trading boosted revenue for the nation's two stock exchanges and attracted the biggest Wall Street firms

SoftBank plans first supercomputer with Nvidia's Blackwell design chips

Nvidia's chips have become a prized commodity for the world's biggest tech companies, which use the components to develop and run AI models

COP2: Here's why a climate breakthrough has rarely looked bleaker

The wavering global commitment is particularly worrying because the coming 12 months will be vital for setting the next decade of climate policies

The wealthy will shield Asian banks from Donald Trump's tariffs; here's how

Trump's proposed 10 per cent to 20 per cent tariff on all foreign-made goods - 60 per cent or higher on products from China - will be more than a bucketful of sand in the wheels of commerce

Donald Trump's mass-deportation plan to hurt farming, says Co-op chief

Farming would be one of the biggest US sectors hit should the incoming administration move forward with kicking potentially millions of undocumented immigrants out of the country

Biden govt sidesteps its 30-day deadline for Israel to improve Gaza aid

Israel has done enough to assuage US concerns but needs to do more, State Department spokesman Vedant Patel said in a briefing Tuesday in Washington

Byju's US units wrongly stripped of education app, says federal judge

Dorsey ordered Apple to return ownership of the apps to the US units. A lawyer for an Indian firm that had been wrongly given ownership of the apps unsuccessfully tried to persuade Dorsey

Swiggy's IPO debut tests demand for rapid-delivery firms in India

According to CLSA, these firms are set to top $78 billion in combined gross orders within a decade, potentially affecting existing consumer-product majors like Hindustan Unilever Ltd. and Marico Ltd

NTPC Green seeks $12 bn valuation in one of biggest renewable industry IPO

NTPC Green's IPO would follow the successful listing of Waaree Energies Ltd., which raised $514 million last month and was subscribed more than 70 times