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Twitter has to give Elon Musk only ex-product head's data on bots: Court

Twitter needn't "collect, review, or produce documents" from any of the other 21 additional custodians Elon Musk asked for: Court

Twitter has to give Elon Musk only ex-product head's data on bots: Court
Updated On : 16 Aug 2022 | 10:14 PM IST

Apple lays off recruiters in a push to rein in hiring and spending

About 100 contract workers were let go in a rare move for Apple, the world's most valuable company

Apple lays off recruiters in a push to rein in hiring and spending
Updated On : 16 Aug 2022 | 9:53 PM IST

Asia exports slip into deeper downturn as tech boom goes bust, warn lenders

Asia's export boom is showing signs of slipping into a deeper than expected downturn, HSBC Holdings Plc. and Nomura Holdings Inc. both warned in research notes

Asia exports slip into deeper downturn as tech boom goes bust, warn lenders
Updated On : 16 Aug 2022 | 11:30 AM IST

'Too little, too late': China interest rate cut spurs call for more moves

Unlike many advanced economies right now, China's core inflation -- which excludes volatile energy and food prices -- is pretty tame, slowing to merely 0.8% in July

'Too little, too late': China interest rate cut spurs call for more moves
Updated On : 16 Aug 2022 | 10:21 AM IST

Full-scale nuclear war could kill 5 billion people, shows new study

Five billion people would die in a modern nuclear war with the impact of a global famine, likely to far exceed the casualties caused by lethal blasts, a new study showed

Full-scale nuclear war could kill 5 billion people, shows new study
Updated On : 16 Aug 2022 | 7:12 AM IST

Cryptocurrencies' rally cools as Ethereum upgrade optimism loses steam

Matt Maley, chief market strategist at Miller Tabak & Co, said that the pullback was natural, as investors took 'some chips off the table'

Cryptocurrencies' rally cools as Ethereum upgrade optimism loses steam
Updated On : 15 Aug 2022 | 11:46 PM IST

Alibaba, ByteDance share 'prized algorithms' with Beijing for first time

The algorithms that decide which TikTok videos, WeChat posts and Instagram photos users see are considered the secret sauce of many online services

Alibaba, ByteDance share 'prized algorithms' with Beijing for first time
Updated On : 15 Aug 2022 | 10:10 PM IST

WeWork founder Neumann's new startup gets backing from Andreessen Horowitz

The investment in Flow, a residential real estate company led by Neumann, is roughly $350 million, according to the New York Times

WeWork founder Neumann's new startup gets backing from Andreessen Horowitz
Updated On : 15 Aug 2022 | 9:00 PM IST

Driven by pouring tourists, Thailand's baht achieves year-end targets

The currency jumped 2.3 per cent to about 35.45 per dollar this month, leading gains in Asia by a wide margin

Driven by pouring tourists, Thailand's baht achieves year-end targets
Updated On : 15 Aug 2022 | 12:22 PM IST

Need to fix the concept of food subsidies to tackle world hunger crisis

Subsidizing food is largely not an activity that involves the world's poorest people who are most at risk of hunger, but its richest and most amply-fed

Need to fix the concept of food subsidies to tackle world hunger crisis
Updated On : 15 Aug 2022 | 12:05 PM IST

China home prices fall for 11th month as mortgage 'boycott' continues

New home prices in 70 cities, excluding state-subsidized housing, declined 0.11% from June, when they sank 0.1%, National Bureau of Statistics figures showed Monday

China home prices fall for 11th month as mortgage 'boycott' continues
Updated On : 15 Aug 2022 | 9:47 AM IST

China resorts to interest rate cuts as data shows 'alarming' slowdown

Bond yields slumped after the People's Bank of China lowered the rate on its one-year policy loans by 10 basis points to 2.75% and the seven-day reverse repo rate to 2% from 2.1%

China resorts to interest rate cuts as data shows 'alarming' slowdown
Updated On : 15 Aug 2022 | 9:32 AM IST

Secret to enduring stagflation sends investors to emerging markets

Stocks and bonds of poorer nations have sunk this year amid Federal Reserve tightening and runaway consumer prices, and may sell off even more if the global economy stalls

Secret to enduring stagflation sends investors to emerging markets
Updated On : 15 Aug 2022 | 9:29 AM IST

Bitcoin tops $25,000 for first time since June amid crypto rally

Crypto struggled through the first half of the year as the Federal Reserve hiked rates to combat stubbornly high inflation, with the prices of Bitcoin, Ether and other tokens falling by more than 50%

Bitcoin tops $25,000 for first time since June amid crypto rally
Updated On : 14 Aug 2022 | 9:28 PM IST

Fed minutes on Wednesday may reveal inclinations on size of next rate hike

Fed officials who have spoken since the July meeting have pushed back against any perception that they'd be pivoting away from tightening any time soon

Fed minutes on Wednesday may reveal inclinations on size of next rate hike
Updated On : 14 Aug 2022 | 8:59 PM IST

Saudi Aramco profit surges to another record on bumper oil market

Saudi Aramco posted the biggest quarterly adjusted profit of any listed company globally driven by high crude prices and production

Saudi Aramco profit surges to another record on bumper oil market
Updated On : 14 Aug 2022 | 3:29 PM IST

With inflation at 8.9%, Europe bond rally at risk of complacent market

With the worst yet to come in Europe, strategists say policy makers may hike more aggressively than many expect, upending a bond rally that some say has gone too far

With inflation at 8.9%, Europe bond rally at risk of complacent market
Updated On : 14 Aug 2022 | 3:23 PM IST

In a sane world, India and Pak ought to be super-close economic partners

Yet their current bilateral trade is only $514 million, and it is not easy to travel between the two countries

In a sane world, India and Pak ought to be super-close economic partners
Updated On : 14 Aug 2022 | 2:27 PM IST

Anshu Jain, first non-European to head Deutsche Bank, passes away at 59

Jain recently recruited teams of traders from larger rivals to work at Cantor Fitzgerald as that firm's chief, Howard Lutnick, expanded ambitions in trading and relationships with global investors

Anshu Jain, first non-European to head Deutsche Bank, passes away at 59
Updated On : 13 Aug 2022 | 9:00 PM IST

Torrent Power and Sembcorp Industries in race to buy Vector Green Energy

The transaction is expected to have an equity value of 30 billion rupees ($377 million) and an enterprise value of 50 billion rupees

Torrent Power and Sembcorp Industries in race to buy Vector Green Energy
Updated On : 13 Aug 2022 | 2:55 PM IST