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Forecast for historic rupee low grows as oil prices widen deficit

The bearish forecasts -- which will see the rupee drop as much as 4% from current level -- stem from a deterioration in India's external finances

Forecast for historic rupee low grows as oil prices widen deficit
Updated On : 06 Jun 2022 | 11:53 PM IST

With green hydrogen priced at $1 a kg, India hopes to spur clean energy use

India wants global funders including the World Bank to structure guarantee programs to help access funds at low rates, said Niti Aayog CEO Amitabh Kant

With green hydrogen priced at $1 a kg, India hopes to spur clean energy use
Updated On : 06 Jun 2022 | 3:28 PM IST

The Russian invasion of Ukraine has unified Europe but for how long

Historians will surely record Russia's invasion of Ukraine as a transformative moment - yet what kind of transformation is harder to say

The Russian invasion of Ukraine has unified Europe but for how long
Updated On : 06 Jun 2022 | 3:26 PM IST

As war drags on, Putin will struggle to hide Russian mothers' grief

Russia's losses in Ukraine have already been staggering, even if the pace has slowed since the disastrous early days.

As war drags on, Putin will struggle to hide Russian mothers' grief
Updated On : 06 Jun 2022 | 2:53 PM IST

Tainted by crises and scandals, Toshiba's best option is a leveraged buyout

Having major shareholders Elliott and Farallon on the board makes this reform far more possible than any other option. Foreign investors have previously won big after helping Toshiba out

Tainted by crises and scandals, Toshiba's best option is a leveraged buyout
Updated On : 06 Jun 2022 | 2:45 PM IST

US recession imminent and inevitable? Not if the Fed can thread the needle

"I still think we're going to navigate through without a recession. But obviously it's going to be very, very tight because risks are very high," Moody's Mark Zandi said

US recession imminent and inevitable? Not if the Fed can thread the needle
Updated On : 06 Jun 2022 | 10:38 AM IST

In Sri Lanka, even Rajapaksa heartland paved with Chinese money is broken

The road to Hambantota may be paved with Chinese money, but its value is up for debate - now more than ever

In Sri Lanka, even Rajapaksa heartland paved with Chinese money is broken
Updated On : 06 Jun 2022 | 8:05 AM IST

Didn't push for cuts in Covid-19 relief package, says Janet Yellen

The book, "Empathy Economics" by veteran Washington journalist Owen Ullmann, is due out Sept. 27

Didn't push for cuts in Covid-19 relief package, says Janet Yellen
Updated On : 06 Jun 2022 | 1:41 AM IST

Saudi Arabia raise oil prices more than expected amid Asia rebound

The increase for July shipments resumes a streak of hikes that started in February and was only broken when state producer Saudi Aramco cut prices from record levels for this month

Saudi Arabia raise oil prices more than expected amid Asia rebound
Updated On : 06 Jun 2022 | 1:23 AM IST

Mercedes to recall 1 million cars on fear of faulty breaks: Report

The regulator, known as KBA, said that the affected cars were built between 2004 and 2015

Mercedes to recall 1 million cars on fear of faulty breaks: Report
Updated On : 06 Jun 2022 | 1:09 AM IST

Elon Musk's office mandate, recession fears complicate new work era

Musk's recent demand that all Tesla Inc. employees get back to their desks or find work elsewhere has made him the latest figurehead of the return-to-office movement

Elon Musk's office mandate, recession fears complicate new work era
Updated On : 05 Jun 2022 | 12:04 AM IST

Carmakers feel chip crisis easing as global economic growth slows

Mercedes Benz AG, Daimler Truck Holding AG, and BMW AG are among carmakers now getting enough of the high-tech components to produce at full capacity after experiencing crippling outages for months

Carmakers feel chip crisis easing as global economic growth slows
Updated On : 04 Jun 2022 | 6:48 PM IST

China to launch three astronauts on Sunday to build new space station

China will launch three astronauts on a spacecraft Sunday to work on the final stages of construction of the nation's first orbital outpost

China to launch three astronauts on Sunday to build new space station
Updated On : 04 Jun 2022 | 10:46 AM IST

Goldman's Lloyd Blankfein urges 'dial back' on negativity over economy

Lloyd Blankfein's comments came the same day that Elon Musk said Tesla Inc. will cut its salaried workforce by 10%.

Goldman's Lloyd Blankfein urges 'dial back' on negativity over economy
Updated On : 04 Jun 2022 | 8:38 AM IST

Elon Musk turns to his earlier playbook as Tesla girds for job cuts

Two weeks ago Elon Musk signaled Tesla Inc. was staying in the fast lane. Now he's tapping the brakes

Elon Musk turns to his earlier playbook as Tesla girds for job cuts
Updated On : 04 Jun 2022 | 8:05 AM IST

Crisis-hit Sri Lanka cannot use $1.5-bn China help on IMF concerns

India - creditor and neighbour to Sri Lanka - wants the IMF to treat China on par with other creditors.

Crisis-hit Sri Lanka cannot use $1.5-bn China help on IMF concerns
Updated On : 04 Jun 2022 | 2:57 AM IST

Pak has forex to pay for 2 months of imports, reserves slip below $10 bn

The stockpile decreased by $366 million in the week ended May 27 to stand at $9.72 billion

Pak has forex to pay for 2 months of imports, reserves slip below $10 bn
Updated On : 04 Jun 2022 | 2:40 AM IST

Singapore Airlines' long-delayed flight to India finally ready for takeoff

Singapore Airlines CEO Goh Choon Phong wants to pursue a multi-hub strategy as he expects India to be the third-largest aviation market after China and the US by the middle of the decade

Singapore Airlines' long-delayed flight to India finally ready for takeoff
Updated On : 03 Jun 2022 | 9:06 PM IST

Indian rice farmers look forward to a good monsoon and a better harvest

Rice has come into focus recently on worries that India may restrict exports of the crop next, after similar moves in wheat and sugar

Indian rice farmers look forward to a good monsoon and a better harvest
Updated On : 03 Jun 2022 | 2:20 PM IST

From wheat to steel, India can't afford to lose the world's trust on trade

The only chance that countries such as India have to entice value chains away from China is by focusing on resilience and reliability

From wheat to steel, India can't afford to lose the world's trust on trade
Updated On : 03 Jun 2022 | 8:16 AM IST