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Rich-poor divide on clean power getting wider and hurting climate fight

Investment in clean energy has only accelerated in the years since Covid-19 struck. In the second half of the last decade, it grew at a 2% annual rate

Biodiversity loss may push India, China closer to default: Report

A "partial ecosystems collapse" of fisheries, tropical timber production and wild pollination would increase annual borrowing costs for 26 nations including the US by $53 billion

India, China may be buying more oil from Russia than known, says US

China and India may be buying more Russian oil than the US previously believed, easing a supply crunch in global markets and potentially driving a recent price decline

Jack Ma's Ant Group set to apply for China finance licence this month

The People's Bank of China intends to accept Ant's application to become a financial holding company once it's submitted

Crude oil buckles as recession angst rattles commodity investors

While crude has been shaky over the past week, plunging 6.8% on Friday, there's little respite to the tightness in refined fuel markets

JPMorgan laying off hundreds in mortgage business after rate surge

The total affected will be more than 1,000 workers, with about half moved to different divisions within the biggest US bank, according to people familiar with the matter

Crypto platform FalconX doubles valuation to $8 bn despite downturn

The San Mateo, California-based startup said Wednesday that it had raised $150 million in a Series D funding from investors led by GIC and B Capital, a previous investor.

Rupee set to weaken beyond 80 per dollar due to rising crude prices: BofA

The currency has already slumped more than 5% this year as Russia's invasion of Ukraine sent Brent crude surging to almost $140 a barrel in March

Amid testing times, SoftBank Group Int'l CEO leaves after 5 months on job

Five years of deploying billions of dollars into some of world's most celebrated startups saddled SoftBank Group with a record loss in the year ended in March after a global rout in tech valuations

China Premier Li Keqiang's trip to wheat farm shows food, inflation worries

Li stressed the importance of the wheat harvest this year while touring a farm in Gaobeidian, a city in the northern province of Hebei, Xinhua said on Tuesday

Nuclear power is the future. Tiger Global and Bill Gates know it

Nuclear power stands to be the solution, or at least fill major energy gaps, in the coming years

Oversupply of India bonds to drive yields to 8%: Standard Chartered

Standard Chartered estimates that excess India bond supply may total between Rs 3.8 trillion to Rs 6.3 trillion this fiscal year, according to a June 8 note

Big banks led by JPMorgan likely to return $80 billion to investors

JPMorgan Chase & Co. is set to lead the group with $18.9 billion in combined dividends and share buybacks

Tesla to slash salaried staff by about 10% in the next three months

Overall reduction to be 3.5% as hourly staff expected to grow

Qatar Economic Forum: Musk, Roubini, Goldman warn of US recession risk

SpaceX boss says 'a few unresolved matters' remain on Twitter deal

India plans to resist anti-US messaging at BRICS summit with Xi, Putin

India looks to ensure any joint statement out of the summit is neutral and prevent any attempts by China and Russia to use the summit to score a propaganda victory against the US and allies

Twitter accounts hyped US firm seeking trials for India-made Covid vaccine

Ocugen sought FDA approval for Covaxin in October, then a seeming coordinated social media effort lifted its stock.

Elon Musk warns of supply constraints; Doha gas deals at Qatar Forum

Tesla Chief Executive Officer Elon Musk told the Qatar Economic Forum that supply constraints are the biggest brake on the electric-car maker's growth

Risk of US recession now higher and more front-loaded, warns Goldman

The Goldman economists now see a 30% probability of entering a recession over the next year, compared to 15% previously, and a 25% conditional probability of entering a recession in the second year

Shortage of empty containers in Asia may get worse on Rotterdam jam

Empty container boxes crucial are getting stuck in the port of Rotterdam as a growing backlog of undelivered goods at Europe's export hub forces ocean carriers to prioritise shipments of filled boxes