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TikTok draws ire after admitting Chinese staffers can access US user data

But denies info goes to the Communist Party of China

Wall Street says a recession is coming. Consumers say it's already here

Layered on top of the inflation squeeze are the mounting concerns about the outlook for economic growth, not just this year, but into 2023

Fed sees 'more restrictive' rates possible if inflation persists: Minutes

Policy makers backed raising rates at their next meeting in July by either 50 or 75 basis points, according to minutes of the FOMC's June 14-15 policy meeting released Wednesday in Washington

Ukraine war: India, China buy Russian oil and gas worth $24 bn in 3 months

China spent $18.9 billion on Russian oil, gas and coal in the three months to the end of May, almost double the amount a year earlier, latest customs data show

Credit lines exhausted, India asks Sri Lanka to pay for fuel in advance

Sri Lanka, which has depleted its foreign exchange reserves, was hoping for a fresh approval from India of a $500 million credit line for fuel purchases

Alternative to SWIFT: NPCI plans to take the UPI system to 32 million NRIs

Indians overseas remitted $87 billion last year, the biggest inflow for any country tracked by the World Bank

Tesla pauses plants after ending shaky quarter with a production milestone

The Shanghai shutdown and struggles ramping up new plants contributed to Tesla shares plunging 38% in the three months that ended in June, a record quarterly drop

Citigroup warns crude oil may fall to $45 a barrel by 2023-end

That outlook is based on an absence of any intervention by OPEC+ producers and a decline in oil investments

Natural gas soars 700%, becoming driving force in the new cold war

In short, natural gas now rivals oil as the fuel that shapes geopolitics. And there isn't enough of it to go around

Tussle over $5 billion in wages is new risk to India's coal supply

Workers are seeking a 47 per cent increase in wages - having earlier demanded a 50 per cent hike - while Coal India has offered a 3 per cent raise

Syngenta to K Bank: 7 of Asia's biggest IPOs to watch for in second half

Syngenta could seek to raise 65 billion yuan ($9.7 billion) on the Nasdaq-style Star Board

Russia tycoon Vladimir Potanin agrees to Nornickel-Rusal merger talks

Potanin has headed Nornickel since striking a 2012 shareholder accord with aluminum producer Rusal, the company's second-largest investor

Oil plummets below $100 per barrel as recession risks come to forefront

Investors are fretting about the possibility of an economic downturn as central banks across the world take aggressive actions to limit inflation

Copper sinks to 17-month low as recession fears dominate trade

Copper, widely considered an economic bellwether, is trading solidly below $8,000 a ton, after metals posted their worst quarterly slump

Sequoia China raises $9 bn as investors flock to big funds

The firm raised the money from pensions, endowment funds and family offices from the US, Europe, the Middle East and Southeast Asia

Oxford University shifts focus to health threat triggering future pandemics

Oxford said the organization will seek to learn from the response to Covid and take advantage of the university's research and global partnerships

Trading dries up on Indian crypto exchanges as new transaction tax kicks in

Warnings from Indian crypto exchanges that a controversial new transaction tax would erode trading are coming true, with volumes evaporating since the levy took effect.

Many major economies to hit recession in CY23, says Nomura Holdings

The brokerage expects the euro zone, the UK, Japan, South Korea, Australia and Canada to fall into recession along with the US

Bruised emerging markets are battle-ready for a recession in US

This time, the selloff in emerging markets began in the first quarter of 2021, a full year before it started in developed markets

Crisis-hit Sri Lanka offers fuel quotas to firms which can pay in dollars

Plans to allow foreign firms to distribute fuel & let marine bunker operators sell diesel