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Rolls-Royce names Ex-BP executive Tufan Erginbilgic as CEO to succeed East

Tufan Erginbilgic, 62, spent 20 years at BP Plc, and in his most recent role before leaving in 2020 led the firm's downstream business

Manganese and a Chinese company might help India grab a slice of the EV pie

After effectively popularizing safer and cheaper lithium iron phosphate, or LFP, chemistry for EV batteries, China's Contemporary Amperex Technology Co. Ltd. is now adding manganese to the mix

Pak expected to secure $1.2 bn from IMF, may help ease pressure on currency

Pakistan's currency and bonds have been hammered this month as the specter of political uncertainty delaying IMF support for the nation unnerves investors

More than 100,000 British workers off sick with long Covid, earnings hit

Around 110,000 British workers are off sick with long Covid symptoms, costing them £1,100 ($1,320) in lost earnings at a time of an escalating cost of living crisis, new research shows

Rishi Sunak vows to cut VAT on energy to revive UK Tory leadership bid

Announcing a "winter plan" to address inflation and the cost of living, Sunak's campaign said he would introduce a "targeted, temporary and timely tax cut" by removing VAT on domestic energy bills

Saudi prince plans $80-billion fund, IPO for zero-carbon city Neom

The Neom Investment Fund could potentially expand to 400 billion riyals, Crown Prince Mohammed bin Salman told reporters in Jeddah

Alibaba aims to add primary listing in Hong Kong, woo China investors

Removes Ant executives amid shake-up, increased scrutiny

Alibaba to apply for primary Hong Kong listing to woo Chinese investors

Alibaba Group Holding Ltd. will seek a primary listing in Hong Kong, entrenching the financial hub's status as an alternative to US markets and paving the way for Chinese investors

Alibaba removes Ant Executives amid shakeup and increased Chinese scrutiny

Jack Ma's twin empires have been recasting themselves amid closer scrutiny by China's watchdogs on everything from corporate governance to dealings among affiliates.

Here's what to expect in crisis hit-Sri Lanka with a new president in power

Ranil Wickremesinghe told reporters last week that he was no ally of Rajapaksa and his family, who led the nation for most of this decade

China's economy strengthens in July despite housing crisis, covid woes

The center of China's covid outbreak has shifted over the last month, with cases low in Shanghai and surrounding provinces but rising elsewhere, with some new lockdowns and restrictions being imposed

Meta CEO Mark Zuckerberg's biggest bet on WhatsApp might not pay off

Analysts have curbed their estimates for Meta Platforms Inc's , and Zuckerberg's own foreboding comments to staff suggest the numbers won't be good

Reliance Jio, Bharti Airtel, others gear up for mega 5G spectrum auction

The 5G auctions will be a financial boost for Prime Minister Narendra Modi's government, which is trying to tame inflation and rein in the fiscal deficit

Pakistan curbing interbank trade to contain dollar shortage: Report

State Bank of Pakistan asked commercial lenders to manage import-payment requests from their own inflows, such as exporter accruals and remittances

Chinese Gen Z are underemployed and lowering their ambitions: Report

A perfect storm of factors has propelled unemployment among 16- to 24-year-old urbanites to a record 19.3%, more than twice the comparable rate in the US

As rupee continues to slide, RBI may be back to spot intervention

Reserve Bank of India's foreign-exchange reserves have fallen by about $30 billion since the end of May to $573 billion, according to its data

China seals off iPhone maker, CNOOC in Shenzhen to battle Covid-19

The lockdown comes as China narrowly escaped an economic contraction in the June quarter, when a series of rolling lockdowns shut businesses nationwide, eroded employment and hurt consumer spending

Sooner or later, US recession will come knocking at India's tech-hub door

India's tech industry is ruling out a US recession. Or so you would think from Infosys Ltd.'s cheery forecast of 14 per cent to 16 per cent annual revenue growth

Nothing Romantic: Elon Musk denies report of affair with Sergey Brin's wife

Elon Musk denied he had an affair with Sergey Brin's wife, after the Wall Street Journal reported that the liaison led the Google co-founder to sell his investments in Musk's companies

Google co-founder Brin orders sale of Musk investments after affair: Report

Google co-founder Sergey Brin instructed his advisers to sell his personal investments in Elon Musk's companies in recent months after learning that he had a brief affair with his wife