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Amazon web services slashes hundreds of jobs as part of cost-cutting drive

Sales growth at AWS, the largest seller of rented computing power and data storage, slowed to a record low last year as corporate customers cut spending and delayed technology modernization projects

US Fed blocks tough global climate-risk rules for Wall Street Banks

European central bankers have been advocating for the Basel Committee on Banking Supervision to agree on requiring lenders to disclose their strategies for meeting green commitments

China relaxes car loan norms in new bid to boost consumer sentiment

The central bank and financial regulator said loan ratios for gasoline and electric passenger vehicles, including hybrids, can now be independently determined by lending institutions

Manmohan Singh bows out of politics after serving over 3 decades in Parl

"Let the whole world hear it loud and clear," Singh said in his maiden budget speech. "India is now wide awake. We shall prevail. We shall overcome"

Lok Sabha polls: PM-Modi led NDA to win most votes in UP, shows survey

PM Modi is banking on strong economic progress and Hindu nationalist policies to return to power for a record third term

Tesla also losing market share in China as it disappoints globally

Tesla's sales and production are consistently backloaded in China, with the third month of each quarter the strongest for local shipments

Small cap companies set to erase losses sparked by froth warnings

A eight-day rally has put the Nifty Smallcap 250 Index on course for reclaiming the Feb. 27 level when the securities regulator flagged the risk of a potential bubble in the smaller companies

Strong quake hits Taiwan, buildings collapse; Japan issues tsunami alert

Television showed buildings in the eastern city of Hualien shaken off their foundations

Elon Musk's X appoints new head of safety to oversee content rules

The company promoted an internal employee, Kylie McRoberts, to take on the high-profile job

Upswing in global manufacturing growth could be good news for world economy

Nations that are important nodes in factory supply chains enjoyed an acceleration in March

Pakistan economic growth seen below 3% for next 2 years, says World Bank

The economy is set to grow 1.8% in the current fiscal year ending June 30 and will expand to 2.3% in the following year and 2.7% in 2026 if there is continuous fiscal consolidation

Nato proposes $100 billion package over five years to aid Ukraine

Allies are still discussing Stoltenberg's proposal and any mechanics of the accounting, including whether to factor in bilateral aid to Ukraine into the overall sum

Google agrees to delete web browsing data as it settles 'incognito' lawsuit

The case, filed in 2020, alleged the Alphabet Inc. unit surreptitiously collected data from people using its popular Chrome web browser in a private "incognito" browsing mode

Apple investors looking for signs of recovery after quarterly slump

As the S&P 500 gained, Apple's return lagged it by 21 percentage points in the first quarter, the worst showing by that measure since 2013, according to data compiled by Bloomberg

Tesla misses sales estimates in first drop since 2020, shares decline 5.5%

Shares of Tesla fell 5.5% to $165.54 as of 9:33 a.m. in New York. The stock is down about 33% this year

Searing heat wave in the country boosts RBI case to wait on rate cuts

The pace of inflation in India has remained above the central bank's 4% target for the last few months, giving policymakers reason to remain cautious

Shipowner in Baltimore bridge collapse seeks to limit liability to $43.7 mn

The company, Grace Ocean, could face hundreds of millions of dollars in damage claims, legal experts say

Inclusion in key global bond indices boosts money flows into India

Corporate bonds have also benefited from flows into government debt as the former is largely priced off sovereign notes

Investors unwinding from strategy of 'buy India, sell China' stocks trade

The nascent swing highlights how funds are starting to buy into the narrative that China's policy support will be enough to revive growth

Job cuts: McKinsey offering some staff nine months' pay to leave firm

McKinsey and its peers in the consulting world have trimmed headcount, delayed start dates and slowed the pace of hiring over the past year amid declining demand from clients