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Bangladesh allows free float of taka, ups repo rate by 50 bps to 6.5%

The central bank "will adopt a tight monetary policy" for the first half of the new fiscal year starting July, Governor Abdur Rouf Talukder said

Britain witnesses recession and flood of job losses if rates hit 6%

The UK has so far weathered the cost of living crisis without falling into recession

Elon Musk courts EU leaders as Twitter's future hangs in the balance

With billions at stake in potential investment, EU leaders are jockeying to win over the world's richest man

Businessman Prateek Gupta targeted by Trafigura bids to lift freeze

Gupta formally filed his court challenge Friday seeking to lift a $625 million asset freeze against him, his spokesman said without providing further details of his defense

Beijing to cover IVF, fertility treatments to boost China's birth rate

Starting July 1, services ranging from sperm optimisation to in-vitro fertilisation will be reimbursed in 16 medical facilities, CCTV reported, citing the Beijing Municipal Medical Insurance Bureau

Virgin Galactic Holdings to roll out commercial service from June 27

The flight, called Galactic 01, will include researchers from the Italian Air Force and the National Research Council of Italy, the company said

Willing to engage in tech co-op with US, Xi Jinping tells Bill Gates

Says he welcomes American AI technology in China

Intel, Micron plans to spend billions on new chip plants outside US

Washington is seeking to strengthen key supply chains outside of China as it works to contain Beijing's geopolitical ambitions

Micron Tech nears $1 billion investment in India's chip packaging plant

An announcement could be made as soon as when Prime Minister Narendra Modi visits the US next week, said the people, who asked not to be identified because the details are private

Shanghai power plant burns 800 tons of coal an hour to keep city cool

A heat wave is scorching China, killing livestock and straining electricity grids across the country. Temperatures in Beijing soared to as high as 39C (102F) on Thursday

China snips key lending rate as economy tumbles; retail sales jump

The People's Bank of China lowered the rate on its one-year loans

AI may add $4.4 trillion annually to global economy, says McKinsey

The research studied 63 use cases for generative AI, the type of tools that can generate content such as text or images based on a prompt, across some 850 occupations

Go First hopes to resume ops by month-end and restore 94% of daily flights

The carrier is also waiting for creditors to approve additional funding, the person said, declining to specify the amount of investment needed

Reliance in talks with lenders for $2 billion loan to fuel expansion

Ambani is raising funds as he continues to build out the telecoms and consumer-facing arms of an empire based on a bedrock of crude-oil refining

Unlikely that the RBI will precede the US Fed in pivoting to a rate cut

RBI Guv Das needs to keep financing conditions easier to aid growth, while also maintaining adequate rate differential to attract foreign portfolio flows

India considers rule changes to bolster $731 billion insurance sector

Insurance penetration remains abysmally low at less than 5% in the country of 1.4 billion people, signaling growth potential for investors

Workers resisting office grind suddenly finding themselves lonely at home

Few companies are insisting on a full-time return to the office, with most preferring hybrid models that allow some flexibility

Biggest fund manager in India expects rupee to end its five-year slide

The currency will probably strengthen to 80 per dollar by the end of the year, according to Namrata Mittal, chief economist at SBI Mutual Fund

India needs better defences to be a digital superpower after data breach

I suspect the government is right and CoWIN is not currently being accessed by hackers. Even so, it seems likely that outsiders have penetrated some aspect of India's digital public infrastructure

Indian among contenders for Dubai's most expensive house for sale

Two people have viewed the home in past three weeks. One is an Indian client who already owns three properties in Emirates Hills; his wife is on the fence, leaning toward something more contemporary