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Instacart founder Apoorva Mehta exits with $1.1 bn fortune after IPO

The transition marks the end of Mehta's 11-year tenure with the company he co-founded in 2012

Disney shares Fall over 3% after doubling park spending to $60 billion

Disney said it has seen record growth in customer spending at parks over past two years, and significant decrease in number of tickets it sells at a discount, compared with before pandemic

Canada PM Trudeau's allegations risk upending US courtship of India

"If US sides with Ottawa, then New Delhi will be up in arms and, once again, question the loyalty of Washington. If it sides with New Delhi, then the US is contradicting a NATO ally"

Google lost map traffic with Apple maps switch on iPhones: Executive

Google's largest contract is with Apple, which set Google as the default on Safari in exchange for a share of the revenue that the search engine earns through advertising

Global economy to slow as rate hikes bite, says OECD chief economist

The European Central Bank delivered a 10th consecutive hike last week, though signalled that the peak may have been reached

Crude oil rally gathers momentum as Brent pops above $96 a barrel

Crude has soared by about a quarter since mid-June, with Riyadh and Moscow joining hands to curtail exports in a bid to drain inventories and drive a rebound in prices

Gold firms with focus on Fed meeting; US 5-year yield highest since 2007

The dollar index eased from a six-month peak against its rivals, making gold less expensive for other currency holders

Google tweaks ad auctions to hit revenue targets, as much as 5%: Exec

company frequently makes changes to the auctions it uses to sell search ads - the text and shopping promotions that appear at the top of a results page, said Jerry Dischler, VP for Google ad products

FTX managers sue Sam Bankman's parents to recover 'misappropriated funds'

FTX owed customers approximately $8.7 billion when it filed for bankruptcy and about $7 billion in liquid assets have been recovered so far

Amazon develops version of cashierless technology for clothing stores

The retail and cloud-computing giant on Tuesday said the latest iteration of its Just Walk Out technology uses radio frequency identification, or RFID, tags to keep track of apparel

How India and Canada's relations crumbled after killing of Sikh leader

On June 18, unknown assailants shot and killed Hardeep Singh Nijjar, who supported the formation of an independent homeland - known as Khalistan - for Sikhs in northern India

Toyota Motor keeps up the push to prove it can embrace new technology

The world's largest carmaker invited a clutch of journalists on a tour of three factories in Aichi prefecture, near its headquarters in the city of Toyota, last week for another peek

Morgan Stanley sued for $750 million by private equity firms claiming fraud

Morgan Stanley said in a statement, "The Firm does not believe the claims have merit and will defend itself vigorously."

Microsoft facing formal European Union complaint over Teams Video App

The European Commission is preparing a statement of objections to send to the company, which could come in the next few months, the people said

Cut spend by 8%, build wall to avert October 1 shutdown: Kevin McCarthy

McCarthy immediately faced opposition from some GOP ultra-conservatives that could doom the plan

JPMorgan sees India's share sale boom reaching $30 billion in 2024

Sales of additional shares in listed companies in the country have surpassed $10 billion this year, more than the tally for all of 2022, according to data compiled by Bloomberg

Ebanx to integrate India's UPI payments later this year, US IPO in works

Since its founding in 2012, Curitiba-based Ebanx has focused on cross-border transactions for clients like Spotify Technology SA, Airbnb Inc. and Alibaba Group Holding Ltd

Disney India's streaming, TV biz sale talks draw firms including Reliance

Though Disney Star has seen declining subscriber numbers after losing the IPL streaming rights, it hasn't ceded the entire cricket business, securing the television rights through 2027

Thailand eyes India to boost tourism recovery after waiving visa for China

Thailand PM Srettha said he plans to make a trip to India this year to meet his counterpart Narendra Modi and discuss increasing flight frequency between the two countries

Thailand eyes India to boost tourism recovery after waiving visa for China

Thailand may also mull other measures to boost Indian tourist arrivals, such as offering tax exemptions on jewelry imported for Indian weddings held in Thailand