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Hive Ransomware seized after a global sting by US-German law enforcement

Hive ransomware was seized after a joint US-German law enforcement crackdown that thwarted $130 million in demands for payment from more than 1,500 victims around the world

US economy shows signs of slowdown after growing 2.9% last quarter

Personal consumption, the biggest part of the economy, climbed at a below-forecast 2.1% pace

Card spending slows, hurting revenue growth amid inflation, says Mastercard

Net revenue for the fourth quarter jumped 12% to $5.82 billion, in line with the $5.8 billion average of analyst estimates compiled by Bloomberg

NYSE mayhem traced to an employee who left a backup system running

An NYSE employee failed to properly shut down Cermak's disaster-recovery system - leading to a disaster

Russian oil exports to India likely to hit new highs as interest grows

The refinery executives said Indian processors will maintain their long-term supplies from producers such as Saudi Arabia, with any increase in Russian purchases done on a spot and opportunistic basis

SAP plans to sell its stake in Qualtrics, cut 3,000 jobs to boost profit

SAP Chief Executive Officer Christian Klein said in a call with reporters that the job cuts were a strategic move and "not related to our business momentum

$1 trillion green investment matches fossil fuels for first time: Report

Global investments in the clean energy transition hit $1.1 trillion in 2022, roughly equal to the amount invested in fossil fuel production

Hindenburg allegations against Adani puts investor trust in India in doubt

If Hindenburg is right, then a network of shadowy operators has placed itself right in the middle of those conflicting impulses

Gautam Adani's US dollar bonds fall after report by Hindenburg Research

In an approximately 100-page report, Hindenburg Research alleges a web of Adani-family controlled offshore shell entities in tax havens, in the Caribbean, Mauritius and the United Arab Emirates

IBM announces layoffs amid tech slowdown, to cut global workforce by 3,900

In its forecast, IBM said free cash flow in fiscal 2023 is expected to be $10.5 billion while revenue will increase in the mid-single digits

JLR Swings to profit after output of new range rover model doubles

Earlier this month, JLR said it might miss a target of becoming net-debt free by next year as the supply-chain crisis crimped output

Mukesh Ambani to buy stake in US entrepreneur Josh Kushner's Thrive Capital

A group of global billionaires worth at least $123 billion are buying a stake in Thrive Capital, the venture-capital firm founded by Josh Kushner

Adani stocks drop after Hindenburg accuses firm of manipulation and fraud

Adani rocketed up the Bloomberg Billionaire's Index last year past the likes of Bill Gates and Warren Buffett

Prepare now, India's population won't be a demographic dividend forever

India's average age is still around 28, compared to 38 in China or 47 in Germany. But, as we have seen with China, those numbers can change more rapidly than expected

Twitter faces more lawsuits over unpaid rent for US HQ, UK office

Twitter quit paying rent on its San Francisco headquarters in December

Vodafone sells British HQ and rents part instead amid downsizing

Iqon Capital agreed to buy the total of seven buildings known as "The Connection" on behalf of Aljazira Capital

3M to cut 2,500 jobs as CEO Roman vows to reexamine 'everything we do'

The maker of Post-it notes, surgical supplies and touch-screen displays said Tuesday that it sees adjusted earnings for 2023

JPMorgan gets RBI nod for new India chief executive officer Prabdev Singh

Singh had been JPMorgan's interim CEO since November, replacing Madhav Kalyan who - in October - was named head of payments for Asia Pacific

3M plans to cut 2,500 jobs globally as outlook signals more turbulence

3M shares dropped as much as 4.7% before the start of regular trading in New York

India bluechips to shift to world's fastest settlement cycle T+1 this week

Starting Jan. 27, stocks from Reliance Industries Ltd. to Tata Consultancy Services Ltd. and Adani Enterprises Ltd will be settled on a 'trade-plus-one-day' timeline versus the earlier two-day process