Reuters

Trump budget seeks 10% cut in discretionary spend, defence outlay $1.5 trn

The president's proposed budget changes need to be approved by the U.S. Congress, which requires bipartisan support, and the spending requests are often treated by lawmakers as suggestions

US employment growth rebounded in March; unemployment rate falls to 4.3%

The labor market has been buffeted by uncertainty, starting with President Donald Trump's aggressive import tariffs

China to regulate 'digital humans', bans addictive services for children

China proposes strict rules for digital humans, mandating labels, curbing misuse and protecting minors amid rapid AI expansion

Microsoft to invest $10 billion in Japan for AI, cybersecurity push

Microsoft will collaborate with Japanese firms including SoftBank and Sakura Internet to expand domestic AI computing capacity

India's 'Mounjaro brides': Weight-loss injections enter pre-wedding prep

Many marriages are still arranged by families, often accompanied by expectations around physical appearance and financial status, which is driving a growing demand for weight-loss solutions

US crude jumps over 11%, Brent nearly 8% as Trump vows more attacks on Iran

US West Texas Intermediate ​crude futures rose $11.42, or 11.41 per cent, at $111.54 per barrel, settling at their biggest absolute price rise since 2020

Trump fires Pam Bondi as US attorney general: White House official

Trump had also reportedly grown frustrated that Bondi was not moving quickly enough to prosecute critics and adversaries who he wanted to face criminal charges

JLR Q4 sales rise 61% as production normalised after cyber attack

JLR, Britain's largest carmaker, is owned by Tata Motors Passenger Vehicles and makes up close to 80 per cent of the Indian automaker's revenue

Goldman, Citi staff in Paris to go remote after foiled attack on BoA branch

French authorities have placed four suspects in pre-trial detention over the plot, which potentially had links to Iran

OPEC+ may consider fresh oil output hike at Sunday meeting: Report

Sunday's meeting would normally be expected to decide May output quotas

Russian oil output cuts loom as Ukraine's strikes hit export infrastructure

A cut in output in Russia would add to the strain on global supplies when oil markets have already been jolted by unprecedented supply disruption because of the conflict in the Middle East

Early mill closures push India toward second year of sugar deficit

Lower output, coupled with rising exports, is likely to reduce domestic stockpiles and support local prices, which had been under pressure due to surplus supplies

Rupee posts best single day since Sep 2013, ends up 1.8% at 93.10/dollar

RBI crackdown on speculation triggers sharp rebound, echoing 2013 stabilisation playbook

Indian clearing house raises margin requirements for dollar-rupee forwards

CCIL said ‌it would levy a volatility margin of 20 per cent of initial margin with immediate effect under its foreign exchange forward segment regulations

Govt to forego over $190 million in revenue after ending petchem import tax

The decision to end the levy came as the government invoked emergency powers and diverted local chemicals for production of cooking gas to address shortages

Oil jumps nearly 7% after Trump says US to keep up attacks on Iran

The gains followed an earlier fall of more than $1 in both benchmarks prior to Trump's televised speech to the nation, after having settled lower in the previous session

Centre uses LPG import crunch to speed up piped gas adoption, cut imports

In March, India added 580,000 new households to its piped gas network, up from 342,300 a year earlier

Gas crunch hits Firozabad's glass industry as West Asia conflict continues

India's ​heavy reliance on gas across the economy - businesses of all sizes, households, agriculture, public transport - makes its factories among the most vulnerable in Asia

SpaceX files for blockbuster IPO confidentially, eyes $1.75 trn valuation

The filing comes after SpaceX merged with Musk's artificial intelligence startup xAI in a deal that valued the rocket company at $1 trillion and the developer of the Grok chatbot at $250 billion

Russia's GDP falls 1.5% year-on-year in February amid weak growth outlook

In the first two months of the year, GDP fell by 1.8 per cent