Page 30 - Bloomberg/workspace/business Standard Web/video

Most donors to Trump ballroom project have federal contracts: Report

Sixteen of the 24 donors have received federal contracts with the cumulative sum totaling $279 billion over the past five years, according to the study by Public Citizen

Boyu Capital seeks around $1.4 billion loan for Starbucks China takeover

Starbucks announced on Tuesday that it will sell a majority stake in its China retail operations, which are valued at $4 billion

With over a billion users, India may be the world's biggest AI opportunity

OpenAI, Google and Perplexity are rolling out free access to paid AI tiers in India, including ChatGPT Go, Gemini Pro for Jio users, and Perplexity Pro for Airtel subscribers

UK still in talks with Trump to lift steel, whiskey tariffs: British envoy

In September, the UK and the US signed the Tech Prosperity Deal to deepen collaboration in key technology areas including AI, quantum computing and nuclear energy

Lenskart's $821 mn IPO price sparks concern over Indian startup valuations

DSP Asset Managers Pvt. over the weekend publicly defended its anchor investment in Lenskart after facing social media criticism over the IPO's valuation

India's festival spending jumps to $68 bn after GST cuts as demand rises

Spending between Sept 22 and Oct 21 - the period between the Hindu festivals of Navratri and Diwali - increased 8.5 per cent from the same time last year

As China ages, inheritance transfers give rise to family disputes

With the Chinese society aging and the slowing economy, the middle class is starting to argue over money as well, tearing apart long-held social norms such as family harmony and filial duty

Pressure and burnout shadow Xiaomi's rapid pivot from smartphones to EVs

In April, Chinese media reported that Xiaomi was requiring employees to work at least 11.5 hours a day, and those who worked less than eight hours were told to submit a formal explanation

Russian crude finds fewer takers in China after hit from sanctions

State-owned giants such as Sinopec and PetroChina Co. are staying on the sidelines, having canceled some Russian cargoes in the wake of US sanctions on Rosneft PJSC and Lukoil PJSC last month

Toymaker Rick Woldenberg gears up for SC fight over Trump's tariffs

Woldenberg, who runs two educational-toy businesses near Chicago, says the BubblePlush Yoga Ball Buddies, designed to help kids control their emotions, has been hit especially hard by Trump's tariffs

Amazon job cuts show how AI may upend India's white-collar future

As the economy struggles to move from lower-middle to higher-middle income, AI is threatening its biggest advantage: the youth bulge it enjoys against other countries that are rapidly aging

Victory Giant tops Asian stocks with 600% surge on Nvidia partnership

It stands out against other top stock performers that underscore the divide between US attempts to onshore tech production on one side, and China's push to bolster self reliance on the other side

Trump plays nice with Asian allies stung by tariffs, repeated threats

The US president also sought to mend ties with Southeast Asian nations that have leaned closer toward Beijing as Trump took aim at their economic growth engines

Billion-dollar Grand Egyptian Museum to show Egypt's ancient civilisation

Officials have described the vast facility that houses over 100,000 artifacts from across seven millenia of history as a gift from Egypt to the world

China to suspend some rare earth curbs, probes on US chip companies

The White House issued a fact sheet on Saturday outlining some details of the trade pact agreed to earlier this week by President Donald Trump and Chinese leader Xi Jinping

Opec+ weighs small oil output hike for December ahead of key meet

Key members of the group led by Saudi Arabia are discussing a hike of about 137,000 barrels a day - matching those made in October and November

China ends gold tax break, raising consumer costs in key bullion market

The rule covers investment products like high-purity gold bars and ingots, as well as coins approved by the People's Bank of China, and non-investment uses such as jewellery and industrial materials

Oil tanker with cargo from curb-hit Rosneft idles off Mumbai coast

The oil market has zeroed in on Russia's export patterns, as well as Indian purchasing, after the US sanctioned Rosneft and Lukoil PJSC on October 22

Indian refiners set the stage for lower Russia crude oil purchase

Indian processors, the top buyers of seaborne oil from Moscow, have been weighing up their options since US authorities blacklisted two of Russia's largest producers, Rosneft PJSC and Lukoil PJSC

Amazon cloud growth boosts investor confidence amid AI spending boom

In the third quarter, Amazon Web Services generated $33 billion in revenue, a 20 per cent increase from a year earlier