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Ray-Ban's billionaire owner Leonardo Del Vecchio passes away at 87

Raised in a Milan orphanage, Del Vecchio struck out from the northern city to set up shop in the town of Agordo, in the Alps north of Venice, starting off as a small supplier of frame parts

Airbus close to winning $5.5-bn order from Jet Airways: Report

Discussions are for A320neo jets and A220 planes, say sources

Crypto winter: Why this bitcoin bear market is different from the past

Crypto loans - particularly those in decentralized-finance apps that dispense with intermediaries like banks - often require borrowers to put up more collateral than the loan is worth

Recessions in advanced economies may help cool inflation in India

Recessions in advanced economies may benefit India in a "perverse way" as a moderation in global commodities prices will help cool domestic inflation, according to Citigroup Inc

Jaguar parent Tata Motors' bond sinks as weak rupee blights India credit

Those drops coincide with the rupee touching its lowest against the dollar, making it more expensive for the Indian companies already facing the challenge of higher interest rates

New house in Hong Kong sells for $111 million, the most this year

A new house in Hong Kong was sold for HK$870 million ($111 million), the highest price this year, buoying the city's slowing luxury market

Maruti Suzuki betting on hybrids over electric vehicles in clean shift

India's shift to electric vehicles is also much slower than other major markets like China and the US even though PM has committed to making India a net-zero carbon-emitting nation by 2070

Russia defaults on foreign-currency sovereign debt for 1st time since 1918

Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors

Indian economy gains momentum on pent-up demand after reopenings

The upturn in recovery of Indian economy was fueled by an expansion in services activity and a robust growth in core infrastructure industries

Crypto exchanges hunker down as everything goes wrong in India

With token prices plummeting, customers unable to transfer money to their accounts and a dreaded tax on cryptos just around the corner, exchanges like WazirX have put expansion plans on back burner

G7 countries weigh Russia oil-price cap via insurance, shipping ban: Report

President Vladimir Putin's invasion of Ukraine and its economic fallout are the key topics under discussion at a three-day summit under way in the Bavarian Alps

Bitcoin options point to positive signs after meltdown, say traders

The environment, of course, has been strained by a number of hacks, as well as combustions of stablecoin projects and foldings of big-name crypto hedge funds

Take note, Elon Musk: this company is quietly dominating the EV race

Tesla still sells far more cars, but it took firm a decade to deliver as many electric vehicles as Hyundai and Kia have managed in a few short months

Apart from market malaise, crypto also facing a number of security risks

North Korea's hackers have been become increasingly sophisticated over the past decade, managing to steal an estimated $2 billion worth of cryptocurrency to date

Trump's hand in shaping Supreme Court pays off with Roe v. Wade decision

Trump was quick to claim victory, saying in a statement the decision was "only made possible because I delivered everything as promised"

Disney to keep Formula One TV rights at 1,500% premium as popularity surges

The company will pay between $75 million and $90 million a year for the rights as part of a three-year deal

US economy will narrowly avoid recession in 2022 and 2023, says IMF

"We are conscious that there is a narrowing path to avoiding a recession in the US," Georgieva said. "We also have to recognize the uncertainty of the current situation"

Akasa plans test flight next week; expects commercial start by late-July

Akasa, backed by billionaire Rakesh Jhunjhunwala, will likely receive its air operator's certificate within days of the proving flight

Three charts show trouble for Indian stocks nearing a bear market

The Indian stock market's value is already down nearly 20% from its January peak of about $3.7 trillion dollars

IMF warns of risks from China's slowing Covid-19 vaccination rates

About 375 million people over the age of 15 in China have yet to receive three doses of a vaccine, while the daily vaccination rate has fallen below 800,000 per day