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Saudi ups imports of dirtiest oil to meet rising power demand amid heatwave

Shipments of fuel oil rose in June to the most since at least the end of 2020, and are expected to remain elevated this month, according to data from market researchers Kpler and Vortexa

Market capitalisation of BSE Midcap firms a whisker away from $1 trn

On Friday, the cumulative mcap of midcap firms settled at $0.96 trillion

Adani Ports planning to invest $1.2 bn in new transshipment terminal

Transshipment refers to transferring cargo from an original ship to another, bigger mother ship at a port on the way to the cargo's final destination

Reliance Industries' subsidiary Ethane plans over $500 mn offshore loan

In 2016, Reliance Ethane had raised a loan of $572 million with a 12-year tenor to purchase six new ethane carriers

India's tech sector needs 1 mn high-tech engineers as economy expands

India's $250 billion tech sector plays an important role in the economy, employing about 5.4 million people

Elon Musk beats $500 million severance suit over mass Twitter layoff

Several similar cases filed by former Twitter employees and executives are moving through the courts

Earnings likely to disappoint investors amid expensive market valuations

The earnings slowdown is caused in part by a severe heat wave, drawn-out election activity, and central bank curbs on unsecured loans

Pressure on Joe Biden mounts as Senate Democrat calls for new ticket

Allies remain deeply concerned about Biden's campaign's viability and the risk it poses to other elected Democrats

Neuralink to implant device into second patient in a week: Elon Musk

Company aims to help patients with brain injury and spinal injuries by enabling them to control phones and computers with their minds

Hollywood turns against Prez Biden as George Clooney warns 'dam has broken'

Netflix Inc. Chairman Reed Hastings, superagent Ari Emanuel, heiress Abigail Disney, screenwriter Damon Lindelof and author Stephen King have joined the chorus calling on Biden to drop his reelection

Only 19 of 137 Chinese EV brands to be profitable by decade's end

While the average sale price of cars in China fell 13.4% in the past year, the average margin of automakers rose to 7.8% in 2023 from 6.3% the previous year

Investors from West Asia, Japan eying YES Bank's $5 bn stake sale: Report

The Middle Eastern lender is weighing a bid for as much as a 51% stake in Yes Bank, the people said, asking not to be identified as the deliberations are private

India IPO frenzy draws retail investors with quick 57% gains: Report

At least 15 more companies are working on offerings that could materialise in coming months that could potentially raise a combined $11 billion

China launches 'tit-for-tat' investigation in response to EU trade barriers

At the center of those strains with the EU are China's electric car exports, which Europe is worried threaten jobs in its own autos sector

Microsoft, Apple drop OpenAI board seat plans amid growing clampdown

Microsoft, which invested $13 billion in the ChatGPT creator, will withdraw from its observer role on the board, the company said in a letter to OpenAI on Tuesday

YouTube a $455 bn media giant hiding in plain sight, say analysts

The streaming unit is one of the world's most valuable media companies and worth at least $455 billion on its own, Needham's Laura Martin and Dan Medina wrote in a July 3 note

Ukraine can use UK missiles to strike inside Russia, says PM Starmer

Starmer agreed that it was up to Ukraine how it used the Storm Shadow missiles donated by the UK

Samsung workers to strike 'indefinitely' posing risk to global tech

The union's call for a general strike sharply escalates a dispute with South Korea's biggest company

How TikTok, Instagram influencers are helping aging Nato connect with Gen Z

Nato invited 16 content creators from countries including the UK, Germany and France with followings on TikTok, Instagram and other social-media platforms to attend summit in Washington

Houston struggles with Hurricane Beryl's chaotic aftermath, blackouts

Beryl, now downgraded to a post-tropical cyclone after striking Texas as a Category 1 hurricane, brought heavy rain Tuesday to Missouri, Illinois and Indiana