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Meta to pay $725 mn damages for sharing user data with Cambridge Analytica

Meta Platforms has agreed to pay $725 million to settle a long-running lawsuit that claimed Facebook illegally shared user data with the research firm Cambridge Analytica

House Jan 6 panel urges Congress to weigh barring Donald Trump from office

In its final report issued, the committee called for assessing whether anyone, possibly including Trump, who took an oath of public office and later stoked the insurrection should be disqualified

Centre may spend less on fertiliser subsidy to narrow its budget deficit

The lower fertilizer allocation will help with India's goal of cutting its budget deficit. Food and energy costs have jumped after Russia's invasion of Ukraine

US House Jan 6 panel recommends steps to safeguard electoral integrity

In its final report issued Thursday, the committee called for closing loopholes and boosting security for the congressional count of presidential electors, while also strengthening the Capitol Police

House Jan 6 comittee releases report blasting Trump for Capitol assault

The 814-page report concludes a 1 1/2-year probe that detailed Trump's behind-the-scenes fury and his efforts to pressure state officials and the Justice Department to overturn the election

China's soaring Covid-19 infections push economic activity off a cliff

Following the recent abrupt end to Covid Zero controls, more cities have been hit by an exit wave of infections in the past week, leading to crowded hospitals and queues at funeral parlors

US ready to help China with vaccines to control Covid: State Secy Blinken

"We want to see China get this outbreak under control," Blinken told a press conference

Chinese EV firm Xpeng Aeroht's $1,40,000 car can fly over traffic jams

"The flying car is approaching reality and we think it was the right time to chip in," Brian Gu, Xpeng's president, said on the sidelines of the Dubai event, called GITEX

Australia looks to double trade with India as Chinese restrictions bite

With a middle-to-high income population of about 85 million people - roughly three times Australia's total population - it's seen as a prime target for sectors from education, to wine and tourism

Top Indian banks battle for no 1 bond spot as credit demand surges

Indian businesses are hungry for credit, despite rising interest rates, as they borrow to cover higher operational costs and for more investments

NIIF, India's first state-backed fund, faces questions from government

Critics inside and outside the government complain that NIIF - which handles about $4.3 billion in assets - lacks vision, decisiveness and the ability to win over investors

US equity futures falter, a rare December negative for S&P500

As bellwether stocks, Nike and Fedex promise healthy estimates; Micron dampens holiday spirit

Zelenskyy urges US Congress to help Ukraine turn the corner in war

"If your Patriots stop the Russian terror against our cities, it will let Ukrainian patriots work to the full to defend our freedom," said Zelenskyy

China likely seeing 1 mn Covid infections, 5,000 virus deaths every day

This current wave may see the daily case rate rise to 3.7 million in January, according to Airfinity Ltd., a London-based analytics firm

India planning new rules for quicker resolution of builders' insolvency

The proposed change to the nation's Insolvency and Bankruptcy Code will permit resolution of the cases on a project-wise basis

Germany returns to coal as energy crisis overpowers climate targets

Europe's largest economy is burning the fossil fuel for electricity at the fastest pace in at least six years

After Twitter debacle, does Elon Musk still want to be the CEO of Tesla?

It hasn't helped that Musk has oscillated from arguing that Twitter is doing better under his leadership, to describing it as in the fast lane toward bankruptcy

Musk not suited to run Twitter, should instead focus on Tesla: Investor

To the extent that Musk remains involved with the social media platform, it should be with the underlying technology rather than as the "front-facing CEO," Ross Gerber said

Some of the world's biggest economies hunting for alternatives to US dollar

Smaller nations, including at least a dozen in Asia, are also experimenting with de-dollarization. Corporates around the world are selling an unprecedented portion of their debt in local currencies

With nearly $18-billion haul, this was best year for auction houses

This record year might say more about the nature of the auction house business than the art market itself