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Fashion startup Zilingo's board said to approve debt repayment to creditors

The move puts the embattled fashion startup in a precarious financial position, given its money-losing operations and limited access to fresh capital

Outsourcer iEnergizer Ltd in discussions on sale to buyout firm BPEA

iEnergizer offers customer management and custom content development services, according to its website

Alibaba's stock slips as big hopes on Ant IPO revival quickly fade

Shares of the e-commerce giant shot up as much as 7% earlier after a Bloomberg News report that China's financial regulators have established a team to assess the fintech giant's share sale plans.

Amid inflation, ECB cements July liftoff with bond-buying to end in 3 weeks

The European Central Bank confirms its intention to hike interest rates at its policy meeting next month and downgraded its growth forecasts

China: Shanghai locks down parts of city again as Covid fears return

The mini-lockdown is raising concerns that the city's reopening is backsliding as officials fear a rebound in cases.

Goldman-backed beauty startup Purplle becomes India's newest unicorn

Online cosmetics retailer Purplle raised capital at a $1.1 billion valuation, becoming the second billion-dollar company to be created in India this week despite souring investor sentiment on startups

Govt's plan to remove old cars from roads failing to woo owners: Survey

Some 57 per cent of 10,543 vehicle owners surveyed by LocalCircles say whether a car should be removed from service or not should depend on miles on the odometer rather than age

Elon Musk's Twitter bid leans on financier linked to Russian tycoon

Alexander Tamas has a history of connecting himself to big investors. Before setting up Vy Capital, he worked closely with billionaire Yuri Milner, he now appears to be cultivating links to Elon Musk.

RBI is getting its way on policy rates. But how long will this last?

It will be interesting to see if Shaktikanta Das can keep his political masters in good humor. Or if his relationship with the government - like that of his two predecessors - will also start to fray

Meta Platforms hit with 8 suits claiming its algorithms ruin young lives

The complaints add to a spurt of recent cases against Meta and Snap Inc., including some filed by parents whose children took their own lives

Oil prices are 'nowhere near' peak, says UAE minister; brent rises

The comments serve as an acknowledgment that last week's decision by the OPEC+ coalition to bolster output will give consumers little respite from the soaring cost of energy this summer

Already at a record, UK petrol price surges the highest in 17 years

Unleaded petrol jumped by 2.23 pence a liter on Tuesday, the biggest one-day increase since the early 2000s

European Union agrees on 40% quota for women on company boards

The European Commission, the bloc's executive arm, first proposed the legislation in 2012 and formal adoption still requires approval by the parliament and the 27 member states

Saudi Wealth Fund makes second $1 bn bet on Swedish gaming

The Public Investment Fund's Savvy Gaming Group will become the second largest owner in Embracer Group AB after acquiring almost 100 million shares in the Karlstad-based company

Traders brace for euro's decisive moment at ECB's policy meeting

A decidedly hawkish pivot could help convince bears that policy makers are determined to tighten financial conditions despite the headwinds

Microsoft scales down Russia operations as Ukraine crisis clouds outlook

In March, the company suspended new sales of products and services in Russia but continued to support existing customers and maintain offices there

Alibaba, Bilibili stocks eye fresh gains as China approves more games

Live-streaming platform Bilibili Inc. was among the top gainers of the group, rising 8% in premarket trading.

Credit Suisse stock falls 7.6% after warning of third straight loss

Shares of the troubled Swiss lender fell as much as 7.6% in Zurich trading after warning that results in the second quarter were impacted by clients pulling back, particularly in Asia

Inditex's profitability hits 10-yr high on Zara price hikes; stock up 4.8%

Operating income rose 82% in the three months through April, exceeding pre-pandemic levels, the company said Wednesday

Shock of war threatens lasting consequences on global economy: OECD

The organization slashed its outlook for global growth this year to 3% from the 4.5% it predicted in December and doubled its inflation projection to nearly 9% for its 38 member countries