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Euro-zone inflation hits record 8.6%, boosting case for big hikes

Driven once more by soaring food and energy costs, consumer prices jumped 8.6 per cent from a year earlier in June - up from 8.1 per cent in May

Richest billionaires lose $1.4 trillion in worst half-year ever: Report

All told, the world's 500 richest people lost $1.4 trillion in the first half of 2022

General Motors ends deal to sell India plant to China's Great Wall Motor

GM had twice extended the terms of the deal to close the sale as the two sides waited for a green light from the Indian government

India feels the heat as investors face brutal emerging markets selloff

The government raised import taxes on gold, while increasing levies on exports of gasoline and diesel in an attempt to control a fast-widening current account gap.

India needs to fix its economy, generate employment to become a superpower

If the country wants to play a bigger role in its region and in the world, it will first need to fix its economy

Pain for rupee likely as India's trade gap, capital outflows balloon

A shortfall in India's current account -- the broadest measure of trade -- will probably widen to 2.9% of gross domestic product in the fiscal year ending March 31

Big-budget blockbusters from southern India outdo Bollywood in power shift

Streaming with subtitles has changed the game for some of the regional movies, said Anupama Chopra, a film critic and director of the MAMI Mumbai Film Festival

RBI fighting on several fronts to slow rupee's decline to fresh records

The rupee closed down 0.3% to 78.97 a dollar on Wednesday, extending this year's losses to 5.9%. RBI's stated stance is that it intervenes to curb currency volatility

How Mukesh Ambani will divide his business empire to avoid dad's folly

Ambani's first-born, Akash, 30, will succeed him as chairman at India's No.1 wireless carrier Reliance Jio Infocomm Ltd

India steps up fuel imports amid shortage; Asia's pool of supplies shrinks

Rush to import petrol and diesel has already led to a surge in regional refining margins

BT Group asks UK's government for more time to remove Huawei core

The core is the most sensitive part of a broadband network, akin to a sorting office for mail

Spain inflation soars to record 10% as ECB gears up for rate hikes

Energy and food costs drove Spanish inflation to 10% last month -- defying government efforts to curb it and raising pressure on Prime Minister Pedro Sanchez

EU countries endorse a push to end combustion engine sales by 2035

Environment ministers struck a deal on the proposal after Italy gave up demands for a five-year delay in the EU's plan for automakers to clean up their fleet

Byju's offers to buy US-listed edtech firm 2U for over $1 billion

Byju's made the offer of about $15 a share to 2U's board last week, said the person, who asked not to be named as the bid isn't yet public

Recession worries hand emerging stocks worst first half since 1998

The MSCI EM Index has fallen about 17 per cent this year through Monday - the second-steepest plunge for the period in data stretching back to 1993

MicroStrategy buys $10-mn Bitcoin in middle of crypto's big chill

As of June 28, the company holds about 129,699 Bitcoin bought for about $3.98 billion, or $30,664 per coin, according to the filing

NFTs have 'fallen off the cliff' as sales, prices plummet in recent weeks

The crypto niche is on course to record its first month with under $1 billion in sales since June 2021, according to data tracker DappRadar

Mukesh Ambani's daughter Isha set to be named chairperson of retail unit

An announcement of Isha Ambani's elevation could come as early as Wednesday, according to people with knowledge of the matter, who asked not to be identified ahead of a formal statement

Attendance of Japan, S Korea at NATO Summit may stoke China's worst fears

For the first time, the leaders of Japan, South Korea, Australia and New Zealand will all attend a 30-member NATO Summit

Junk bond investors stung by China look to India and Southeast Asia

Asian junk bond investors are increasingly looking to smaller pockets of the market as a debt crisis among the biggest issuers, Chinese property developers, forces old playbooks to be rewritten