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Elon Musk files defence under seal as Twitter trial is set for Oct 17

Twitter's lawsuit against Elon Musk over a canceled $44 billion buyout of the social-media platform is set for a 5-day trial starting Oct 17 in Delaware

S&P cuts Ukraine's credit grade as default becomes 'virtual certainty'

Ukraine had its credit grade cut by S&P Global Ratings after the war-ravaged nation asked foreign creditors for permission to delay payments on its external debt after Russia's invasion

Will $52 bn move the US to within striking distance of Asian chip giants?

CHIPS Act is a win for a cabal of US chipmakers and foreign companies, but largely ignores the nation's true semiconductor leaders who have been propping up the domestic sector for two decades

Cryptocurrency slump has flooded the market with Rolex and Patek

The supply of trophy watches such as the Rolex Daytona or Patek Nautilus 5711A "is now much larger", online-watch trading platform Chrono24 said in an emailed statement

China govt asked TikTok for stealth propaganda account, says report

The attempt, which met with push-back from TikTok executives, highlights the internal tensions within the fast-growing social media app, owned by Beijing-based ByteDance Inc

Pakistan rupee posts worst month ever amid concern on IMF loan

Pakistan is striving to stave off fears it will follow Sri Lanka into a default this year

Apple reports loss in third quarter but iPhone sales still resilient

The company's fiscal third-quarter revenue and profit narrowly topped analysts' estimates, with iPhone sales holding up better than expected

More oil middlemen muscle in to supply India with cheap Russian crude

Companies include Wellbred and Montfort have been marketing Russian oil to Indian buyers, joining the likes of Coral Energy and Everest Energy

Zilingo COO Aadi Vaidya quits in yet another high-level departure

Chief Executive Officer Ankiti Bose was dismissed in May after an investigation by an independent firm into complaints of financial irregularities

First global gold exchange in India aims to create regional bullion hub

The India International Bullion Exchange is expected to attract dealers, refineries and foreign banks, Chief Executive Officer Ashok Gautam said

Climate change made deadly UK heatwave at least 10 times more likely

The UK's heat wave earlier this month fueled so many blazes in London that the city's fire service was busier than any day since Nazi attacks in World War II

Adani Capital planning IPO as soon as 2024 at $2-bn valuation: CEO

The Gautam Adani-backed NBFC is planning to raise at least Rs 1,500 cr through IPO, says MD & CEO Gaurav Gupta

ReNew to invest $8 billion to set up green hydrogen plant in Egypt

ReNew joins several Indian companies tapping the prospects in green hydrogen, which is considered crucial to decarbonise hard-to-abate heavy industries

India likely to restart Ukraine sunflower oil imports as trade eases

About 50,000 to 60,000 tonnes may arrive as Ukraine is set to open some Black Sea corridors for agricultural exports

China targets $148 bn in financing for cash-strapped developers: Report

China's property sector has been lurching from one crisis to another for the past year

Meta Platforms falls as sales miss estimates in first-ever quarterly drop

Meta revenue slipped to $28.8 billion in the second quarter, missing the $28.9 billion average analyst estimate

US economy shrinks for a second quarter, fueling recession fears

Surging inflation, rising rates, and continued supply chain snags to blame

Vijay Shekhar Sharma seeks to reset Paytm after firm's IPO fiasco

The digital-payments provider is set to become India's first internet company to hit $1 billion in annual revenue by the end of this fiscal year in March, says Vijay Shekhar Sharma

Indian households unlikely to stop investing in stocks, says Morgan Stanley

Despite a record rise in trading by retail investors over the past eight years, Indian households remain "dramatically" underweight in the asset class, says Ridham Desai

To save the planet, it is time poor nations get paid for protection

DRC is the first developing nation to decide if rich countries aren't serious about paying the costs that their carbon emissions will impose on poorer ones, they will have to raise the cash themselves