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First Citizens buys Silicon Valley Bank following a run on the lender

The lender said it will assume $56 billion in deposits and 17 legacy branches will begin operating Silicon Valley Bank, a division of First Citizens

India mulls building LNG reserve to avoid future price hike or shortages

The government has proposed we should have more storage space for LNG so that when prices are lower we should store, and supply when there is crisis

India's shrinking current account gap provides a reprieve for Rupee

Barclays Plc expects the gap in current account - the broadest measure of trade in goods and services - to be 1.8% of gross domestic product in the year starting April 1

Here's why turmoil in China's mega EV industry may spark a shake-up

The boost part, though, is looking a bit tenuous for both established and EV firms

China foreign minister says nation's recovery to benefit US companies

Qin Gang, Foreign Minister, China, welcomed US firms to keep expanding investments in China and to set roots in the country

Ageing shadow fleet carrying Russian oil poses disaster risk: Report

The aftermath of European Union sanctions on Russia mean that the Turba has been enlisted into a vast shadow fleet carrying Moscow's oil around the globe

Taiwan loses ally of eight decades after Honduras recognises China

The move comes before Tsai starts a visit this week to allies such as Guatemala and Belize, and stops in the US

Billionaire mining tycoon Anil Agarwal fights to clear Vedanta's debt

Vedanta's quest to raise cash comes during a rocky time for India's business elite. Highly leveraged conglomerates are under increased scrutiny after a short seller accused Gautam Adani

Starlink rival OneWeb completes fleet to offer global broadband coverage

OneWeb Ltd. launched the final 36 satellites of its initial 616-satellite "constellation," allowing the rival of Elon Musk's Starlink to offer global broadband coverage this year

Government hasn't intervened in Adani's tussle with US short seller: Sanyal

The "government has not intervened anywhere," Sanyal, a member of prime minister's economic advisory council, said in an interview in New York

Gen Z's clean living means decline in 'sin tax' by £14 bn for UK

Revenue from tobacco now makes up just 1% of total public sector receipts, down from 1.9% two decades ago. Alcohol brings in 1.3% of receipts, shrinking from 1.7%

Microsoft threatens to cut off access to data from rival AI search tools

These search chatbots aim to combine the conversational skills of ChatGPT with the information provided by a conventional search engine

Trump predicts 'death and destruction' if he's indicted in hush-money case

Trump asked how a former president could be charged with a crime given that "potential death & destruction in such a false charge could be catastrophic for our Country?"

570,000 Kias, Hyundais recalled due to fire risk. What to do if you own one

Vehicles should be parked away from homes even if they are turned off because they could experience an electrical short that could start a fire, US National Highway Traffic Safety Administration said

Meta Platforms Inc sued by its home county over social media addiction

Issues around social media addiction were highlighted at a Congressional hearing Thursday

1 in 3 employers use Live cameras to keep tabs on remote workers: Survey

More than one in three employers (37%) use live camera feeds to keep tabs on remote workers, prompting some to quit while others get fired, a new survey found

CPPIB exploring buying out ReNew Energy shareholders, making firm pvt

Canada Pension Plan Investment Board is exploring buying the shares of ReNew Energy Global Plc that it doesn't already own and taking the Nasdaq-listed firm private

Ford's upcoming electric pickup truck will drive itself, says CEO

Ford Motor Co. plans to make driver-assistance features central to the next electric F-Series pickup - so much so that you might be able to take a snooze at 60 miles per hour

Donald Trump predicts 'death and destruction,' attacks Manhattan DA

New York City police officers put up security barricades outside Manhattan Criminal Court and Bragg's office earlier this week, but so far, protests have been minimal

How China, US and others watered down a key UN climate document

The US State Department declined to comment. A senior administration official defended the final IPCC summary for policymakers, saying it was clear about the critical message