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Jeff Bezos loses $10 billion overnight; Elon Musk takes a $8-billion hit

The S&P 500 fell 4.4 per cent, the most since June 2020, while the tech-heavy Nasdaq 100 tumbled 5.5 per cent

Xi Jinping unlikely to throw Putin a lifeline amid setbacks in Ukraine

Xi and Putin meet face-to-face in Uzbekistan on Thursday in their first sitdown since a Beijing meeting before the Winter Olympics that yielded a lengthy joint statement of more than 5,000 words

EU looks to raise $140 billion with windfall swoop on energy firms

As the bloc supports Ukraine, Russia has reduced or cut off natural gas to 13 member nations, surging gas and electricity prices that are expected to go higher as demand peaks during the cold months

Adani Wilmar eyes acquisitions to push food business, says CEO

"We are looking at acquiring brands in staple foods and distribution companies to boost our consumer goods offering and reach," Angshu Mallick, CEO of Adani Wilmar said

SoftBank's Masayoshi Son discusses setting up third Vision Fund: Report

The 65-year-old entrepreneur has raised billions of dollars in cash recently and sees another startup fund as one of several possible priorities for the money

EU doesn't single out China in planned ban on forced labour goods

The proposed Forced Labour Products Ban, from the European Commission, covers goods imported from third countries as well as those made within the EU.

India is counting on debut sovereign green bond to lower financing costs

The govt has developed a framework to sell the debt in line with widely-used principles from the International Capital Market Association, and is also liaising with the World Bank over best practices

IMF looks at ways to help countries affected by global food shock

About 50 nations meet the criteria, with 20 to 30 being in need "immediately," Georgieva said

Xi Jinping back at world stage with Putin to counter US dominance

Xi and Putin on Thursday will hold their first in-person meeting since Russia invaded Ukraine, according to the Kremlin, in a sign that Beijing sees the relationship as crucial to countering the US.

Binance gains big as crypto traders flee Indian exchanges to escape taxes

Downloads of Binance's app in India jumped to 429,000 in August, the highest this year and almost triple that of runner-up CoinDCX,

China rolls out property policies to boost demand, fix real estate crisis

A flurry of Chinese cities are rolling out measures to boost housing demand, signaling the government's intention to arrest a property crisis.

Amid high inflation, surge in services demand helps steady India's economy

The indicators showed sentiment in the services sector -- which accounts for over 50% of the $3.2 trillion economy -- was upbeat, tax revenue were robust and demand for loans high.

Ferrari unveils first $390,000 SUV with a plea: 'Don't call it an SUV'

Ferrari exudes confidence about the Purosangue fitting that description, and is offering a surprise answer to one question: So is it a sport utility vehicle or not?

Twitter shareholders vote in favour of Elon Musk's $44-bn offer

Musk has previously raised concerns about the number of bot accounts on the platform, as well as the company's hiring-and-firing decisions

HBO pips Netflix in Emmy with 'White Lotus' and 'Succession' wins

Netflix has spent tens of millions of dollars chasing awards that validate its shows in the eyes of viewers and talent

Twitter whistle-blower describes 'ticking bomb' of security gaps

Peiter Zatko, also known by his hacker name "Mudge," said Twitter was a decade behind necessary security upgrades, which he described as a "ticking bomb of security vulnerabilities

Meta Platforms seeks out secrets from 132 companies to win antitrust suit

Meta's request is "overbroad and abusive," Snap said in court filings

Jean-Luc Godard, French director of New Wave films, dies at 91

Godard's work, which influenced Hollywood directors such as Quentin Tarantino, Martin Scorsese and Robert Altman, included essays, documentaries and films about movie-making itself

A soft landing is a more likely scenario for the global economy: JPMorgan

"Economic data and investor positioning are more important factors for risky asset performance than central bank rhetoric," the strategists wrote. "We maintain a pro-risk stance"

Evergrande's Hong Kong headquarters worth $1 bn taken over by a receiver

The property was used as security for HK$7.6 billion ($968 million) in loans made by parties including Citic Bank International in 2020, separate documents at the Companies Registry website show