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Jerome Powell signals readiness to defy Trump in Federal Reserve's defence

The comments, just two days after Trump's re-election, portend the power struggle that may lie ahead between the central bank and a president who insists he should have a say on interest-rate policy

Education: The secret sauce that helped China in beating India at growth

Thanks to a 50-year head-start in exposure to Western learning, India had a student population that was eight times bigger than China's at the turn of the 20th century

Federal Reserve cuts key interest rate by 25 bps to support economy

Officials voted unanimously to lower the federal funds rate to a range of 4.5% to 4.75%. The adjustment follows a larger, half-point cut in September

Indians highlight Usha Vance's south Asian roots after Harris loses polls

Usha Chilukuri Vance is the wife of JD Vance, running mate of Donald Trump, who won a second term in Tuesday's US presidential election

Trump's win in US elections wreaks havoc on global rate-cut expectations

The election tremors were felt in Europe, too - particularly in the east, which fears reduced US support for Ukraine as it tries to fend of Russian forces

US tech giants brace for AI revamp, antitrust pullback in Trump 2.0

On artificial intelligence, Trump has vowed to rip up an executive order from President Joe Biden aimed at putting safety guardrails on the emerging technology

Here's why Harris' defeat keeps 248-year barrier for American women intact

The result means that 248 years into its history as an independent nation, the US has only elected male heads of state, upholding a barrier that has been demolished from Mexico to Italy

Saudi Arabia plans $100 billion AI powerhouse to rival UAE tech hub

The state-backed entity will invest in data centers, startups and other infrastructure to develop AI, the people said, asking not to be identified discussing plans that aren't yet public

US elections: Trump's ability to move past legal woes faces New York test

Trump's lawyers are expected to move to call off his sentencing in the so-called hush-money case, set for Nov. 26, and toss out the verdict now that he is president-elect

Australia set to impose ban on social media for children under 16, says PM

The long-anticipated age limits for social media are part of a suite of measures from Albanese's center-left Labor government to crack down on technology giants

Trump's US presidential election victory casts shadow over Federal Reserve

In his campaign, Trump promised to wield tariffs more aggressively against US trading partners, deport millions of undocumented immigrants and extend his 2017 tax cuts

Global CEOs confront new era with Donald Trump win, risk of tariffs

CEO Harald Fotland answered with a warning: "We will see more protectionism, and that might be an issue for exports out of the US."

Elon Musk is about to find out what $130 million for Donald Trump gets him

"He's a character. He's a special guy. He's a super genius," Trump said of Musk while addressing his supporters overnight. "We have to protect our geniuses. We don't have that many of them."

Apple to face first fine under EU's Digital Markets Act for Big Tech

Watchdogs are readying the penalty after the iPhone maker failed to allow app developers to steer users to cheaper deals and offers outside of the App Store

Nvidia rides AI wave to surpass Apple, becomes world's largest company

Microsoft Corp., which Nvidia passed last month, has a market cap of $3.06 trillion. Nvidia has soared more than 850 per cent since the end of 2022

Voters sue Elon Musk for fraud over $1 million election sweepstakes

A day after surviving a legal challenge in Pennsylvania, Musk's daily sweepstakes was hit Tuesday with fresh claims in federal courts in Texas and Michigan

Chinese red tape leaves deals worth billions of dollars on the table

Obtaining regulatory approvals has become more difficult over the past few years, according to people familiar with the matter, who asked not to be named discussing a sensitive topic

India's shadow lenders retreat as bad loans increase amid crackdown

Bajaj Finance, one of the largest unsecured lenders, is cutting the number of clients with multiple loans, according to a presentation

Diesel market flashes warning sign in India as demand growth slows

Sales of the fuel used to power trucks and farm machinery were flat at 7.64 million tonnes in October from a year earlier, according to preliminary oil ministry data

Why investors are pulling money from Indian stocks in favour of China

Even after the recent selloff, MSCI India trades at 22 times forward earnings, more than 1.5 standard deviations higher the its two-decade average, Chinese stocks are a lot cheaper, by comparison