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Explained: Why $100 oil could hurt the energy transition more than it helps

When fossil fuel prices rise, consumers start to take electric vehicles and clean energy alternatives more seriously - not just for their environmental benefits but in hopes of eventually saving cash

Amazon, Future agree to talks; SC gives them 10 days to explore settlement

In an unexpected move on Thursday, Amazon counsel suggested at a SC hearing that the two sides negotiate, saying the 'whirlpool' of disputes fought on multiple fronts had been dragging on for too long

Japan's Renesas, Tata Elxsi partner in EV design centre

The centre in Bangalore will be a new hub for the two companies to develop crucial EV systems, such as battery management systems and motor control units

Australia helps allies seeking to replace Russian coal amid Ukraine crisis

The Australian government is helping coal importing nations find alternatives to Russia for supplies by connecting them with local producers, a government spokesperson said on Thursday

Euro pinned down as Russia-Ukraine war stokes stagflation fears

The euro was last at $1.1097 in the Asia session, only a little above its overnight trough of $1.1058, its lowest since May 2020.

Philippines approves revival of nuclear power to help replace coal

Philippine President Rodrigo Duterte has signed an executive order to include nuclear power in the country's energy mix

Fitch, Moody's slash Russia's sovereign rating to junk as sanctions mount

The Ukraine invasion has triggered a flurry of credit rating moves

Reliance ties up with Sanmina for electronics manufacturing in India

A Reliance unit will invest 16.7 billion rupees ($220.86 million) in new shares of Sanmina's existing Indian entity, giving it a 50.1% stake in the joint venture

Oil surges past $110/bbl, stocks rebound as Fed tightening fears ebb

Gold prices slipped on improving sentiment and U.S. Treasury yields rose from eight-week lows as investors weighed how aggressively the Federal Reserve might raise interest rates

Amazon may file criminal case against Future over store transfers: Report

Amazon.com Inc plans to initiate criminal court proceedings this week against its Indian partner Future Retail for allowing the transfer of assets to a major rival despite a legal prohibition

IMF urges Sri Lanka to focus on monetary policy to tackle inflation rise

IMF said Sri Lanka needs to tighten its monetary policy to contain rising inflation, put its high debt repayments on track and reverse one of the worst financial crises the country has faced in years

Ukraine's 2nd city Kharkiv heavily bombed as UN assembly denounces Russia

Ukraine's second biggest city, Kharkiv, suffered heavy bombardment on Wednesday as Russia's week-long invasion was denounced by the United Nations in a historic vote

UN General Assembly in historic vote denounces Russia over Ukraine invasion

The last time the Security Council convened an emergency session of the General Assembly was in 1982, according to the UN website

Wall Street jumps; Fed's Jerome Powell assuages fear of aggressive hike

The Dow Jones Industrial Average was up 2.13% at 34,004.63 points, while the S&P 500 gained 2.17% to 4,399.6

India asks Indonesia to raise palm oil supply as prices spike: Report

Ukraine and Russia accounted for nearly 13% of India's edible oil imports last year, supplying 1.6 million tonnes.

State Bank of India's exposure to Russia, Ukraine less than $10 mn

Banks will get 10 days to complete the processing of payments to avoid near-term problems for businesses

The cost of Ukraine war: Bond yield climbs; rupee slips 47 paise against

The benchmark 10-year bond yield edged up to 6.81 per cent on Wednesday, the highest since February

Ukraine crisis: Boeing, Apple and Exxon make a retreat from Russia

US tech giant Apple said it had stopped sales of iPhones and other products in Russia

China will not join sanctions on Russia, says banking regulator

China, which has refused to condemn Russia's invasion of Ukraine, has repeatedly criticised what it calls illegal and unilateral sanctions

Crypto exchanges won't bar Russians, raising fears of sanctions backdoor

Some of the world's biggest cryptocurrency exchanges are staying put in Russia, breaking ranks with mainstream finance in a decision