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Coronavirus pandemic erased over 9 mn jobs in Southeast Asia, says ADB

This pushed 4.7 million people to extreme poverty last year, measured as living on less that $1.90 a day, the ADB said in a report

SoftBank founder Masayoshi Son loses $25 bn in tech's brutal winter

Masayoshi Son, SoftBank Group Corp.'s billionaire founder, checks the chart. Then again. Another time. And once more for good measure

Bad news for Amazon as Ambani's RIL seizes the future of retail in India

In the end, Mukesh Ambani settled the dispute over who gets to own the assets of beleaguered Future Retail not in an arbitration tribunal in Singapore, or in a Delhi courtroom, but in a shopping aisle

India plans Rs 24,000 cr sovereign green bond as economy goes low carbon

India is the world's third-biggest emitter of greenhouse gases and plans to more than quadruple its renewable power generation capacity by 2030.

A new coffee company is taking on Starbucks in London

Blank Street Coffee, the fast-growing Brooklyn, New York-based chain, is bringing its inexpensive espresso to the UK capital in June.

Coin celebrating murder of Julius Caeser may sell for $2 million

The gold piece, slightly smaller than a US quarter, is more than two thousand years old.

We want to avoid US sanctions over Russia invasion, says China

Concerns are growing among investors that Chinese companies will face US sanctions after American officials said Russia requested military and financial assistance from Beijing

SoftBank's Arm to lays off up to 15% staff members as it readies for IPO

The British company will shed 12 per cent to 15 per cent of staff in the UK and the US, Chief Executive Officer Rene Haas said in a memo to staff, according to a person familiar with the matter

Meta Platforms slapped with $19 million fine for EU data law breaches

Meta Platforms was fined 17 million euros ($19 million) for violating the European Union's privacy rules by failing to prevent a series of data breaches on its Facebook platform in 2018

Ukraine crisis: Russia spiralling towards $150-billion default nightmare

Signs of looming financial damage are becoming apparent at many of the world's biggest money managers, including BlackRock and Pacific Investment Management.

Gold drops for third day as commodities fall before Fed meeting

Bullion has eased after rallying to within $5 of a record last week as Russia's invasion of Ukraine caused commodities to surge, threatening a combination of low growth and high inflation

Ukraine crisis: Fund managers now see equity bear market in 2008-like gloom

This is the takeaway of the latest Bank of America Corporation monthly global fund manager survey conducted in the week through March 10

Adani group's Mumbai airport delays proposed dollar bond: Report

Financial market upheaval following Russia's invasion of Ukraine puts deal on hold.

Men's suits are no longer suitable for measuring Britain's inflation

Covid's influence can be seen in many other changes to this year's basket, too

Tencent dives 10% on report of record fine for money laundering

Tencent itself has thus far mostly escaped formal regulatory action

China's lockdowns due to Covid surge could threaten half of economy

Widespread lockdowns in China akin to the measures just taken in the southern technology hub of Shenzhen could affect half of the country's gross domestic product

Plastic nationalism: Can India really shelve Visa and Mastercard for RuPay

Ater card platforms suspended Russian clients' access to merchants overseas, the link between plastic and politics has acquired a more serious dimension.

Mumbai becomes first South Asian city to detail net-zero roadmap

Drawing on inputs from officials, citizens, researchers and companies, Mumbai's plan lists changes across six domains

RBI punished Paytm Payments Bank for data leaks to Chinese firms: Report

Annual inspections by RBI found that the company's servers were sharing information with China-based entities that indirectly own a stake in Paytm Payments Bank, says a source

Ukraine war marks decline of globalization; we'll miss it when it's gone

The war in Ukraine doesn't necessarily mark sharp a break in history. But it underlines and will perhaps cement the decline of globalisation