Page 24 - Bloomberg/workspace/business Standard Web/video

US Commerce Secretary admits visiting Epstein island, denies close ties

Lutnick, speaking to a Senate panel, described going to Epstein's island after being asked in Tuesday's hearing about Justice Department documents showing he had planned a visit

US inquiring about alleged Iranian oil imports, says Adani Enterprises

The inquiry adds to ongoing scrutiny of the conglomerate, including a US bribery probe in which the group's chairman has been indicted

Standard Chartered CFO De Giorgi unexpectedly resigns to join Apollo

De Giorgi, who joined the bank in September 2023, will take on a role at Apollo Global Management Inc. as a partner and head of Europe, the Middle East and Africa

Japanese banks lead $750 million financing for Adani Energy amid India push

The financing highlights Japanese firms' bid to capture a slice of the world's fastest-growing economy, particularly in financial services, as they seek growth and yield beyond their home market

Russia needs 11 million workers by 2030: Can Indians fill the labour gap?

Russia estimates the economy needs 11 million more laborers by the end of the decade

Tesla IT executive Raj Jegannathan exits months after named to sales role

Raj Jegannathan, a Tesla vice president tapped to oversee sales in the region last year, said in a LinkedIn post that he was parting ways with the company

China must solve its jet engine puzzle to challenge Airbus, Boeing

A brief US ban on jet engine exports left Comac far short of its C919 delivery targets, showing China's dependence on GE-Safran engines amid trade tensions

Xi Jinping faces Japan dilemma after Takaichi's historic election win

Takaichi said Japan was continuing to communicate with China at 'various levels' and would respond 'calmly and appropriately from the standpoint of Japan's national interests'

Fed pick Kevin Warsh can get US economy to hit 15% growth, says Trump

Trump said during the search for a new chair that he wanted a candidate who would lower rates, and later said he would not have picked Warsh if he'd advocated for increasing rates

Trump warns of blocking Detroit-Canada bridge, seeks shared US ownership

The six-lane bridge was expected to open to traffic soon, pending formal tests and approval

Work 'no longer a route out of poverty' for millions in UK: Think tank

Resolution's warning, comes with the incumbent Labour government in turmoil

China asks banks to curb US Treasury exposure as bond market jitters grow

Chinese officials had urged banks to limit purchases of US government bonds, and instructed those with high exposure to pare their positions, according to sources

Starmer says won't quit after losing 2 aides over Mandelson-Epstien ties

The resignation of Starmer's communications director, Tim Allan, on Monday, after just five months on the job will feed the sense of crisis engulfing his office

Asics eyes 35% annual growth in India, aims to lead running shoe market

Recreational running is booming across the South Asian nation, driven by an increased focus on fitness in India's growing ranks of affluent consumers

Amazon deepens ties with STMicro to secure semiconductors for data centres

Under the agreement, AWS received warrants to acquire as many as 24.8 million ordinary STMicro shares

India's Russian oil imports likely to halve after White House trade order

White House said in order that 'India has committed to stop directly or indirectly importing Russian Federation oil,' and that import tariffs on all Indian goods may be raised if it resumes purchases

Bitcoin stabilises above $70,000 after last week's roller-coaster ride

Extreme volatility is nothing new to cryptocurrencies, but Bitcoin's slump from a peak of $126,000 in October last year comes despite the backdrop of a crypto-friendly White House and surging adoption

Claude AI could worsen analyst groupthink in already volatile markets

As AI tools like Anthropic's Claude gain traction on Wall Street, analysts risk converging on the same data, models and conclusions, amplifying herd behaviour and deepening market volatility

Cuba warns airlines of fuel shortage as Nicaragua ends easy entry

The communist government warned international airlines they can no longer refuel at its main airport in Havana for the next month after Donald Trump threatened tariffs on any nation that supplies Cuba

Easy money in China drives metals rally as real economy struggles

While overseas experience has proven invaluable in other economies, it appeared to play a diminished role in India's contemporary tech ecosystem