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Too early to write off 'king' dollar's dominance, says Wall Street

It's too soon to write off the dollar's dominance as the US rate-hike cycle may not be near its peak

China bankers replaced by tech PhDs as Xi sparks new fund talent war

In the quest for talent, venture capital firms are forced to get creative

Samsung scion Jay Y. Lee takes helm of South Korean technology empire

The decision emerged the same day his company reported disappointing earnings and warned it didn't foresee a recovery in technology demand till the second half of 2023

Meta's Instagram reaches 2 billion users, closing in on Facebook

The company disclosed the number during an otherwise-gloomy earnings report Wednesday, when a shaky ad market clouded Meta's forecast and sent its shares tumbling

Here's why Indians might have a good reason to celebrate Rishi Sunak

The WhatsApp groups that pass as India's public square today aren't dissecting his views on austerity or Brexit. Not when someone who shares our heritage now leads the country that once colonized us

Soaring inflation set to dent salary hikes for second year: Survey

The worst-hit region is likely to be Europe, where real salaries - nominal wage growth minus the rate of inflation - are seen being driven down an average 1.5 per cent

In call with bankers, Musk pledges to close Twitter deal by Friday

Elon Musk pledged to close the acquisition of Twitter Inc. by Friday in a video conference call with bankers helping fund the deal

Earth on track to warm above 2C despite climate action, claims report

Despite some progress in the last year, governments need to do more by 2030 to ensure that the global temperature increase is below 2C and ideally closer to 1.5C

Poor quarterly show by US tech giants triggers $380 bn wipe off in m-cap

Disappointing quarterly updates from the Google parent, as well as Microsoft Corp. and semiconductor giant Texas Instruments Inc., triggered a selloff threatening to wipe more than $380 billion

Continental power grid spanning Japan to India inches closer to reality

Plans for a web of sub-sea cables that would create a continental power grid spanning Japan to India are rapidly becoming cheaper and more feasible

Motorcycle permits now costlier than new, entry-level bikes in Singapore

The cost of a 10-year motorcycle permit in the city-state hit a record S$12,801 ($8,984) this month according to data from the Land Transport Authority

Smartphone storage space is the new turf war for mobile game makers

The most common workaround from game studios is to put only a basic installer in app stores, which then downloads further game assets once the player starts

Meta CEO Mark Zuckerberg should focus on US midterms, not the Metaverse

Meta CEO Zuckerberg could start by doing what thousands of managers before him have done, and reconsider his tasks

Drought from China to US hits hydro dams, slashing top clean energy source

Globally, hydropower generates more electricity than nuclear and more power than wind and solar combined. In countries like Norway and Brazil, dams generate more than half of total electricity

Google, Microsoft, TI announce disappointing results; tech stocks tumble

Google parent Alphabet Inc. fell as much as 7.4% after third-quarter revenue came in below expectations, while software giant Microsoft Corp. lost 8.1% following a disappointing revenue forecast

Saudi Arabia sets up carbon market firm to support net-zero goal

The Public Investment Fund said it started the Regional Voluntary Carbon Market Co. with Saudi Tadawul Group

China's budget deficit nears record $1 trillion as economy slows

Chinese authorities have struggled to make ends meet this year as massive tax rebates and the persistent housing market crisis have cut government income sharply

Inflation woes: How front-loading rate hikes risks financial instability

This Fed rate-increase cycle, which has already delivered a total of 3 percentage points in just over six months, is the most front-loaded one in a long time

Coca-Cola beats profit estimates in Q3, raises full-year guidance

The company said it now sees organic revenue growth of 14% to 15% for the full year. In July, Coca-Cola increased its full-year outlook from 12% to 13%

US Fed is losing billions, wiping out profits that funded spending

The bond market is enduring its worst selloff in a generation, triggered by high inflation and the aggressive interest-rate hikes that central banks are implementing