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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

Credit Suisse considers fresh round of job cuts as losses mount: Report

Discussions among the board of directors and management about a large cost savings package have reached an advanced stage

Volkswagen's billionaire clan plotted CEO ouster when he was on US trip

Decision blindsided jet-lagged CEO under contract until 2025; software missteps were last straw after labour clashes

Rishi Sunak or Liz Truss? Tories shouldn't write off 'Trussonomics' yet

According to a recent YouGov poll, 62% of them want Truss for leader, giving her a colossal 24-point advantage over Sunak

Twitter gets a win over Elon Musk with trial fast-tracked for October

The ruling marks the first victory for Twitter in a case in which many legal experts say Musk will be the underdog

Hyundai says it has 'no evidence' of child labour at Alabama unit

Smart Alabama LLC, a wholly owned unit of the Korean automaker, employed immigrant workers as young as 12, Reuters reported Friday, citing family members of three underage workers

Reliance Industries warns of global recession headwinds after profit miss

"Recession fears are overtaking oil market fundamentals, resulting in lower prices and margins," Reliance's Joint Chief Financial Officer V. Srikanth said in a post-earnings call Friday

Elon Musk's go private tweet suit heads to a settlement conference

The meeting, to take place in October, comes as investors suing Tesla and Musk have made steady progress in the case which is set to go to trial in January

Stuck in air travel's hell? Blame the long shadow of Covid pandemic

While travel volumes are returning to something like normality in most of the world, the legacy of Covid - in the form of the vast debts clocked up during two years on life support has barely shifted

Snap sales wipe $76 billion off social media stocks; Twitter falls 2.5%

The Snapchat parent plummeted as much as 30 per cent in premarket trading

Tesla rally a $1-billion headache for its army of shorts: Report

Shares of the company wrapped up a seven-day winning streak to close at $815.12, the highest level since May 6