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India embraces trade deals as cos look beyond China for alternatives

Prime Minister Narendra Modi's government is taking advantage of India's growing appeal as the world's fastest-growing major economy and an alternative to China for global supply chains

Pakistan PM Sharif picks Ex-JPMorgan banker Aurangzeb as finance minister

Aurangzeb was chosen over other possible candidates, including longtime Sharif ally Ishaq Dar and ex-central bank governor Shamshad Akhtar

Biden warns Netanyahu not to attack Rafah as Ramadan festivities begin

The US hoped for a breakthrough before Islam's holy month, which began after sundown on Sunday

British American Tobacco to sell ITC stock worth $2-3 bn this week: Report

London-listed BAT has been speaking with Bank of America Corp. and Citigroup Inc. about a potential divestment of around $2 billion to $3 billion in ITC stock through block trades, the people said

Sebi may review rule for mutual funds targeting overheated small caps

Sebi will review its rule that mandates small- and mid-cap funds to invest at least 65% of their assets in such stocks if fund managers find it is "restraining risk management

IndiGo co-founder Gangwal raises $820 mn in largest block sale since 2019

It's the fourth time within two years that the co-founder has tapped investors through a block sale of IndiGo shares, according to data compiled by Bloomberg

Delta CEO expects Boeing 737 Max 10 deliveries to be delayed until 2027

Delta has orders for 100 Max 10 planes and options to purchase 30 more, and had expected to begin receiving the planes next year

US opens criminal investigation into Boeing 737 Max midair blowout in Jan

"In an event like this, it's normal for the DOJ to be conducting an investigation," Alaska Airlines said Saturday in a statement. "We are fully cooperating and do not believe we are a target"

Dubai's traditional gold shops take a hit as record prices deter buyers

The most affected were the gold brick shops, with workers at three locations saying sales are down by half

US polls 2024: Biden, Trump clash in dueling visits to swing-state Georgia

While Trump has targeted those border issues and economic malaise on the campaign trail, Biden has sought to reassure voters that his policies have revived the post-pandemic economy

Slow US inflation retreat to bolster Fed Reserve's patience over rate cuts

Away from inflation, there are scant signs of stress in the economy. The latest jobs report pointed to moderating yet healthy employment growth that will keep consumer spending afloat.

Bitcoin miners are devouring electricity at record pace during crypto rally

Since February 2023, 13 of the top mining companies have placed orders for over $1 billion worth of specialized computers, according to data compiled by TheMinerMag based on public filings

United Airlines' plane veers off runway in third Boeing mishap of the week

The 21-year-old aircraft was also a 737 - but an earlier version than the Max, according to FlightRadar24

Boeing's largest union demands 40% salary hike over 3 yrs, as talks begin

The company's stock extended declines after the union announced its demands, falling as much as 2.2%

US Senate approves $460 billion funding package, avoiding shutdown

The Senate voted 75 to 22 on Friday evening to approve the package, negotiated by congressional leaders from both parties. The House overwhelmingly passed it earlier this week

OpenAI's Sam Altman returns to company's board after probe clears him

Altman is rejoining the company's board following the findings

OECD warns about debt market danger as maturity wall looms: Report

In a report published Thursday, the Paris-based organization estimated that total government debt issued by its 38 member countries will rise by $2 trillion to a record of $56 trillion this year

Fed is 'not far' from confidence needed to cut rates, says Jerome Powell

Powell's remarks add some additional color about officials' thinking around the timing of the first rate cut, bolstering the idea that such a move could come in the next few months

Hong Kong to name ex-KPMG China head Carlson Tong to chair stock exchange

Tong is expected to take over as the next chairman of the Hong Kong Exchanges & Clearing Ltd. after April 24, according to people familiar with the matter

Huawei chip breakthrough used technology from two US gear suppliers

Lauded in China as a major leap in indigenous semiconductor fabrication, last year's SMIC-made processor powered Huawei's Mate 60 Pro and a wave of patriotic smartphone-buying in the Asian country