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China's factory and services activity shrinks in sign of recovery woes

The official manufacturing purchasing managers index fell to 49.4, the second straight month of contraction, according to a Thursday statement from the National Bureau of Statistics

OpenAI will add Microsoft as board observer, plans governance changes

The announcement Wednesday, a blog post penned by Altman, comes two weeks after the CEO's shock firing from the artificial intelligence startup, followed by an operatic boardroom power struggle

Elon Musk, slinging expletives, says advertiser boycott on X may kill it

Musk took the stage at the DealBook conference following a tumultuous few weeks for the world's richest person, with a net worth of around $226 billion

Sequoia-backed mobile wallet Mobikwik selects banks for $84 million IPO

The Gurugram-based fintech firm is working with DAM Capital Advisors Ltd and SBI Capital Markets Ltd for preparations for its listing

Alibaba Group's value dips below upstart PDD's in landmark for China

Alibaba slid as much as 1.4 per cent in Hong Kong, putting its market value at about HK$1.46 trillion ($187 billion) and on track to close below US-listed PDD Holdings Inc.'s $188.3 billion

GIFT City gears up for direct listings, re-insurance in next growth phase

The first phase followed the creation in 2020 of a new regulator, the International Financial Services Authority, which outlined an ambition to create a welcoming place

Disney to keep TV stations, says CEO Bob Iger, in reversal from July

Back at the DealBook Summit, Iger said Disney regularly evaluates its holdings to see whether they still fit with the company's plans

Disney names Morgan Stanley's Gorman to board ahead of expected fight

Earlier this month, ValueAct Capital Management became the second activist investor to amass a stake in Disney

Singapore, Zurich surpass New York to become world's most expensive cities

Chinese cities were among the biggest movers down the rankings, mainly due to the country's slow post-pandemic recovery and subdued consumer demand

Henry Kissinger, US secy of state under Prez Nixon and Ford, dies at 100

A Jew who fled Nazi persecution in his native Germany in 1938 at age 15, Kissinger developed a conservative outlook that would dominate his decision-making in government

Tata Technologies to boost India's hot IPO market on trading debut

Tata Technologies' IPO raised Rs 3,040 crore ($365 million), with shares being sold at Rs 500 each, the top of the marketed range. Demand exceeded shares on offer by 69 times, as investors piled

Nestle says India, China are 'big focus' for growth of coffee market

"China is really a big focus, and India is a big focus," Navratil said

Jack Ma calls for fundamental changes in Alibaba, urges course correction

Ma, who has mostly stayed away from day-to-day operations since 2020, stunned employees Wednesday by replying to a staff post on Alibaba's internal forum

Bharti Telecom plans its biggest-ever rupee bonds worth Rs 8,000 cr

The issuance is also Bharti's first in the onshore market in almost a year. It raised Rs 3,200 crore through three-year notes in December last year

Honda to invest $3.4 billion in electric motorcycles business by 2030

The company highlighted India and the Asean region as places where it aims to expand market share. Mihara said new production facilities will "highly likely" be in India and Southeast Asia

Isro exploring collab with Boeing, Jeff Bezos' Blue Origin in space sector

The potential partnerships could also involve Indian commercial entities, India's Department of Space said in a statement Wednesday

US economy grew 5.2% in third quarter, faster than first estimated

Consumer spending advanced at a less-robust 3.6% rate, according to the government's second estimate of the figures issued Wednesday

Here's how artificial intelligence can help clean up biggest climate messes

The industrial sector is responsible for about a third of global carbon emissions, but machine learning models can potentially help lower its climate toll

Bugatti, Ferrari, Mercedes are the most expensive classic cars of 2023

On Nov. 13, a 1962 Ferrari 330 LM/250 GTO by Scaglietti sold for $51.7 million at an RM Sotheby's sale in New York City. The antique racer was the most expensive Ferrari ever to sell at auction

Saudi Arabia to buy 10% stake in Heathrow airport in ownership reshuffle

The fund is buying the stake as Spain's Ferrovial sells down its 25 per cent holding