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GQG Partners sees $2 billion Adani bet delivering returns over 100%

The Adani Group lost as much as $153 billion in market value after a US short-seller accused the conglomerate of stock-price manipulation

Inflation is driving boom in secondhand shopping, $177 bn global sales

The shoppers most attracted to resale are members of younger generations, mainly Gen Z

Walmart bets on supply-chain automation, dangles profit potential

Walmart says its revamped supply chain will enable it to ease cost pressures tied to the rise of e-commerce and help end a decade of stagnation in US operating income

ChatGPT opens door to four-day week structure, says Nobel Prize winner

Christopher Pissarides, professor at London School of Economics, who specializes in the impact of automation on work, said labour market can adapt quickly enough to AI-backed chatbots

Singapore starts $7.5 mn fund to support int'l movies showcasing city

About 300 locals worked on Crazy Rich Asians including production crew and a dozen local actors, while landmarks such as Marina Bay Sands and Merlion Park were featured

Big pharma: Here's why India's drug industry needs a major overhaul

The latest drug recalls just add to a long line of scandals that have tainted the pharma sector of India

Finland unlikely to get NATO battle group given its defence capabilities

NATO has established 8 multinational battle groups in Poland and the Baltic nations, and more recently in Hungary, Slovakia, Bulgaria and Romania, to serve as a "tripwire" in case of Russian attack

Twitter's contract workers sue company over Elon Musk's mass layoffs

The suit was brought on behalf of an unspecified number of workers hired by Twitter through employee staffing company TEKsystems Inc

Elon Musk's month pushing Twitter blue failed to win many subscribers

Musk decided to give some verified users more time to decide whether to pay him

Apple sales executive Doug Beck leaves for role at US Defence Department

Beck is one of fewer than 20 executives to report directly to Chief Executive Officer Tim Cook

India muscles in on $447 bn space economy amid China, Russia's isolation

By 2025, the so-called space economy is projected to grow to $600 billion from $447 billion in 2020, according to Ernst & Young estimates

Amazon.com Inc lays off about 100 employees in its gaming divisions

Amazon has struggled to capitalize on its resources in gaming, including through its Crown channel, an entertainment show on the Twitch streaming service

Dogecoin rises as much as 30% as Twitter home button becomes Doge meme

Doge also began to trend on Twitter. The token gave up some gains to trade 8.6% higher at 11 a.m. in London

Pakistan raises benchmark interest rate by 100 bps as IMF Loan in Limbo

The overall balance of payments position continues to remain under stress, with foreign exchange reserves still at low levels, the central bank said

BOE economist says interest rates may have to rise as prices fall

Inflation is set to drop sharply from the current 10.4% level in the coming months due to lower energy prices and base effects, as last year's sharp price jumps are not repeated

Bitcoin touches high end of recent range; Dogecoin extends gain

The largest cryptocurrency by market value rose as much as 3.1% to $28,442 on Tuesday, its first session higher in three

Apple Inc says users report weather app outage in some locations

The Cupertino, California-based company said on its website that issues for the app were reported at 11 p.m. New York time Monday and continued Tuesday

Signature Bank insiders sold $100 mn in Stock, Wall Street Journal Says

They sold many of the shares in 2021 at around $220, before the stock hit an all-time high of $366 in early 2022, according to the report

L'Oreal to buy luxury cosmetics brand Aesop in $2.5 billion deal

At L'Oreal, Aesop joins a cast of luxury brands such as Lancome and Yves Saint Laurent as the French company bets on a continued drift toward high-end cosmetics

US job openings fall below 10 million for first time since 2021: Report

The number of available positions decreased to 9.9 mn from a downwardly revised 10.6 million a month earlier, the Labor Department's Job Openings and Labor Turnover Survey, or JOLTS, showed Tuesday