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UBS Group expects to complete Credit Suisse takeover as early as June 12

Shareholders of Credit Suisse will receive one UBS share for every 22.8 outstanding shares held. All of Credit Suisse's outstanding debt securities will become obligations of UBS

Asia leads 'back to office' effort; nearly 50% say will quit if no WFH

Wall Street chiefs have been among the loudest in pushing for a return to the office five days a week. JPMorgan Chase & Co. ended remote arrangements for its managing directors in April

Edtech major Byju's faces deadline for $40 million payment of $1.2 bn loan

The $1.2 billion debt is the largest unrated loan by a startup ever. The once high-flying company led by former teacher Raveendran had been trying to strike a deal with creditors to restructure loan

Rupee set to touch 83-per US dollar mark if RBI remains on hold this week

Thursday's policy review will help shape the rupee's fortunes, with traders expecting little reprieve after the currency fell under the weight of a stronger greenback in May

World is big enough for us to grow together: China defense minister to US

President Xi Jinping's government has repeatedly charged the US with using its military alliances, trade policy and the threat of sanctions to bully smaller nations and try to keep China down

From a scrappy underdog to overnight AI success: Inside Nvidia's 30-yr ride

How long, and how high, Nvidia rises will depend a lot on how major corporations and mass consumers adopt and adapt to the AI boom

World's hit online computer class, Harvard's CS50, turns to AI for help

"Providing support tailored to students' specific questions has been a challenge at scale, with so many more students online than teachers," said Malan

Ukraine war ignites global backlash against hegemony of US dollar

Still, the drumbeat of de-dollarization is continuing unabated in the developing world

Airlines scour globe for capacity as aircraft shortage takes toll

The massive aircraft deals announced this year are testament to the optimism about a post-pandemic rebound

Dell reports sales topping analysts' estimate as business PCs rebound

Dell gave a lukewarm sales outlook that suggests a recovery may take a bit longer than expected. Revenue will be $20.2 billion to $21.2 billion in the current period ending in August

Global food costs at two-year low in May but grocery bills stay high

A United Nations' index of food-commodity prices fell 2.6% in May, as declines in grains, vegetable oil and dairy offset higher sugar and meat costs

IMD working on new ways to predict monsoon rains amid climate change

National Monsoon Mission, which set out in 2012 to move the nation over to a system that relies less on historical patterns and more on real-time, on-the-ground data gathering, is starting to pay off

India mulls issuing green ammonia tender to curb fertilizer emissions

Talks are taking place between fertilizer manufacturers and the country's renewable energy ministry to assess potential demand for the feedstock, Bhupinder Singh Bhalla, the dept's top bureaucrat said

No new Apple store in India till 2025, as company plans global retail push

The California-based tech giant doesn't have plans to open new Apple stores outside of Delhi or Mumbai, and even those will not be launched before 2025

Vedanta-Foxconn setback shows cracks in Modi's $24 bn manufacturing push

A $3 billion proposal that had Israeli foundry Tower Semiconductor Ltd. as a tech partner has also stalled, while a third plan is stuck because Singapore-based IGSS Ventures Pte wants to re-apply

Edtech major Byju's lenders scrap talks to restructure a $1.2 bn loan

Byju's has to make an interest payment on the loan by June 5

Here's how a covert relationship with Taliban backfired for US ally Pak

"Pakistan saw the Taliban as deeply connected to the TTP and able to persuade it to stop its attacks"

Elon Musk again becomes World's richest person as Arnault's LVMH sinks

The Tesla Inc. chief executive officer surpassed luxury tycoon Bernard Arnault on Wednesday after shares of Arnault's LVMH fell 2.6% in Paris trading

Contaminated drugs: USFDA uncovers failures in India's pharma factories

The $50 billion sector is under the spotlight after a number of recent scandals linked to smaller, privately-held Indian companies, including the deaths of dozens of children in Gambia and Uzbekistan

US House passes debt-limit deal easing default concerns; Bill now in Senate

The House passed debt-limit legislation forged by President Joe Biden and Speaker Kevin McCarthy that would impose restraints on government spending through the 2024 election