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Global economy must start bracing for low inflation, says Raghuram Rajan

Central banks must ask themselves if their policies were nimble enough when inflation shifted from low to a high regime, said Rajan

China's 2023 F1 Grand Prix will not take place due to Covid-19 pandemic

Formula 1 is assessing alternative options to replace the slot on the 2023 calendar and will provide an update in due course, the organisation said in a statement available on its website

Credit Suisse shares set to end losing streak on halted outflows

Credit Suisse rose as much as 6.9% in Zurich trading, putting the stock on course to end a record 13-day losing streak, as the comments calmed investors

ECB Prez Lagarde leads a chorus warning that inflation has to be anchored

Policymakers cautioned that hopes for a quick cooling in inflation pressures next year may prove premature

Shipping costs for Russian crude skyrocket ahead of more sanctions by EU

The surge in costs reflects the challenges faced by suppliers of Russian crude ahead of the deadline when the EU, including some of the world's top tanker owners

City Council rejects China's plan to build new embassy near Tower of London

China originally bought the site for £255 million ($311 million) in May 2018, with the view of replacing its current embassy in the Marylebone neighborhood

The US and UK should be welcoming foreign talent, not driving it away

The US and UK are threatening their long-term prospects with foolish policy

Want a four-day work week? Show the results of research to your boss

Data released Tuesday show the organizations involved registered gains in revenue and employee productivity, as well as drops in absenteeism and turnover

Elon Musk's Neuralink hopes to implant computer in human brain in 6 months

In typical fashion for an Elon Musk venture, Neuralink is already bounding ahead, aiming implants at other parts of the body

UK firms expect to raise prices 6% in 12 months, see inflation lingering

Inflation pressures in the UK economy showed only limited signs of abating in November, with companies expecting to raise prices by 5.7% in the coming 12 months

Elon Musk warned by EU official to keep Putin's propaganda off Twitter

Failing to take on fake or misleading content online could "lead to the very quick abuse" of Twitter, European Commission Vice President Vera Jourova, said

TSMC plans to make more advanced chips in US at Apple's urging

A representative for TSMC declined to comment. Apple didn't immediately respond to a request for comment.

Modi signals Putin's war in Ukraine a challenge for India as G20 host

PM Narendra Modi hinted at Russia's war in Ukraine as one of crises that will face the Group of 20 nations as the South Asian nation took over the presidency of the collective

New York, Singapore most expensive cities to live in, finds global survey

Tel Aviv, which topped the rankings last year, was bumped into third position, while Hong Kong and Los Angeles rounded out the top five priciest places

Beijing sees record Covid cases at 5,006 as China wows small easing steps

The total number of infections in Beijing are still a relatively small number for a city of 22 million, but they've been enough to send panic through China's capital

PM Modi's home state vote could show trends for 2024 Lok Sabha elections

PM Narendra Modi ruled Gujarat for over a decade before moving to the national stage in 2014

iPhone city maintains plant curbs as China tweaks Covid-19 approach

Foxconn's task of catching up on lost iPhone production time has been complicated by the lockdown, which triggered violent protests last week

Crypto coin that surged 3,100% in India cracks amid wider mkt meltdown

BlockAura's native token, called TBAC, has tumbled 90% to $3.03 from its all-time high of $32.30 in July, according to CoinGecko

In 2022, world-topping $100 billion in remittances have come to India

Remittance flows to India will rise 12 per cent to reach $100 billion this year, according to a World Bank report published on Wednesday

FM Nirmala Sitharaman confident of strong growth, low inflation in 2023

Sitharaman declined to describe specifics from the letter, but added that the government's top three priorities for 2023 will be "growth, health and education."