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Rishi Sunak or Liz Truss? Tories shouldn't write off 'Trussonomics' yet

According to a recent YouGov poll, 62% of them want Truss for leader, giving her a colossal 24-point advantage over Sunak

Twitter gets a win over Elon Musk with trial fast-tracked for October

The ruling marks the first victory for Twitter in a case in which many legal experts say Musk will be the underdog

Hyundai says it has 'no evidence' of child labour at Alabama unit

Smart Alabama LLC, a wholly owned unit of the Korean automaker, employed immigrant workers as young as 12, Reuters reported Friday, citing family members of three underage workers

Reliance Industries warns of global recession headwinds after profit miss

"Recession fears are overtaking oil market fundamentals, resulting in lower prices and margins," Reliance's Joint Chief Financial Officer V. Srikanth said in a post-earnings call Friday

Elon Musk's go private tweet suit heads to a settlement conference

The meeting, to take place in October, comes as investors suing Tesla and Musk have made steady progress in the case which is set to go to trial in January

Stuck in air travel's hell? Blame the long shadow of Covid pandemic

While travel volumes are returning to something like normality in most of the world, the legacy of Covid - in the form of the vast debts clocked up during two years on life support has barely shifted

Snap sales wipe $76 billion off social media stocks; Twitter falls 2.5%

The Snapchat parent plummeted as much as 30 per cent in premarket trading

Twitter sales miss estimates amid Musk's takeover battle; revenue drops 1%

Twitter's analysis show a disappointing sales outcome owing to a raging takeover battle with Elon Musk, with both sides preparing for trial

Tesla rally a $1-billion headache for its army of shorts: Report

Shares of the company wrapped up a seven-day winning streak to close at $815.12, the highest level since May 6

Federal Reserve may go easy after 75 basis-point rate hike next week

Powell has said either 50 or 75 basis points would be on the table at the Fed's July 26-27 meeting

After $30 bn exodus, foreign funds trickle back into Indian equities

Foreign funds are showing signs of a return to Indian equities as recent declines in oil prices and the dollar bring some reprieve for emerging markets

China facing stiff competition for its favourite Russian oil from India

India has ramped up purchases of crude from Russia's far east, a grade that's typically favored by Chinese oil refiners

Rishi Sunak's tax affairs back in spotlight in UK race to succeed Johnson

Sunak's tax arrangements were in the spotlight once again as he sought to position himself as the only candidate who could beat Labour leader Keir Starmer at the next general election

China to repay more victims of nation's biggest bank scam: Report

Clients from the four rural banks in the central province of Henan and one in Anhui with deposits of up to 100,000 yuan ($14,800) will be repaid from July 25

China fines Didi $1.2 billion for illegally collecting users' data

Regulators also fined Didi Chairman Cheng Wei and President Jean Liu 1 million yuan apiece, the Cyberspace Administration of China said in a statement

Govt may allow more sugar exports to prevent defaults on contracts

Any additional exports this year may pressure global prices.

Correlation between India and US markets hits 17-month high, shows data

India's blue-chip gauge gained nearly 5 per cent this month, compared to 4.6 per cent for the S&P 500 and 0.33 per cent for the MSCI Asia Pacific measure

Tesla sells 75% of its Bitcoin holdings after Musk said he doesn't dump

The carmaker had converted roughly 75% of its Bitcoin to fiat currency as of the end of June, adding $936 million of cash to its balance sheet, according to its shareholder letter

SoftBank's deal flow halved in Apr-June after portfolio takes heavy losses

Low tech valuations are draining SoftBank's ability to turn public listings of its portfolio companies into liquidity to fuel its outsized bets

$85-bn fund manager bets on Indian markets amid recession fears elsewhere

US-based GQG Partners has more than $7 bn invested in India, where favourable demographics are driving local consumer demandIndia is best positioned among emerging nations to withstand a global recess