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German Chancellor Scholz to ask parliament to clear way for new elections

The departure last month of the neoliberal Free Democrats from the three-way coalition left Scholz's Social Democrats and the Greens governing without a parliamentary majority

US foreign investment panel split on Nippon-US Steel deal, say reports

CFIUS, a powerful committee charged with reviewing foreign investments in US firms for national security risks, has until Dec. 22 to make a decision on whether to approve, block or extend the timeline

Donald Trump gives allies Devin Nunes and Richard Grenell key roles

Trump's nominee to lead the Federal Bureau of Investigation, Kash Patel, served as an aide to Nunes in the US House of Representatives

Britain joins trans-Pacific pact in biggest post-Brexit trade deal

The pact represents Britain's first free trade deals with Malaysia and Brunei, but while it had agreements with the other countries, CPTPP provisions go further, especially in giving companies choices

South Korea's Yoon defiant after impeachment over martial law bid

The Constitutional Court will decide whether to remove Yoon sometime in the next six months. If he is removed from office, a snap election will be called

Reliance Industries buys 74% stake in Navi Mumbai IIA for $192 mn

NMIIA operates an industrial area located in Mumbai, India's financial hub and the capital of the western state of Maharashtra.

US lawmakers tell Apple, Google to remove TikTok from app stores on Jan 19

Apple, Alphabet and TikTok did not immediately comment. On Monday, ByteDance and TikTok made an emergency bid to temporarily block the law pending a review by the US Supreme Court

SEC extends deadline for Musk to respond to Twitter inquiry settlement

On Thursday, Musk tweeted a copy of a letter sent by his lawyer to the chair of the SEC saying agency staff had given him 48 hours to agree to pay a penalty or face charges

Trump advisers propose shrinking or scrapping key bank regulators

Advisers have asked the nominees under consideration for the FDIC, as well as the Office of the Comptroller of the Currency, if deposit insurance could be absorbed into the Treasury Department

Broadcom stock soars as company touts mega artificial intelligence demand

Big Tech's push to diversify beyond Nvidia's pricey and supply-constrained AI processors has been a windfall for Broadcom, which makes custom chips for major cloud companies

SEC 'reopens' investigation into Neuralink, says Elon Musk's lawyer

Musk has long sparred with SEC and last year four lawmakers asked to investigate whether Musk committed securities fraud by allegedly misleading investors about brain implant developed by Neuralink.

India's rice stocks reaches record high, boosting export potential

In the middle of overflowing grain bins, Indian farmers have gathered a record rice crop of 120 million tons from this year's summer season, which accounts for nearly 85 per cent of total rice output

Deception, despair marked Syrian Prez Assad's final hours before fleeing

Assad told his presidential office manager on Saturday when he finished work he was going home but instead headed to the airport, according to an aide in his inner circle

Kremlin praises Trump for criticising Ukraine's strikes in Russia

Trump criticised Ukraine's use of US-supplied missiles for attacks deep into Russia in a Time magazine interview published on Thursday, saying it was "crazy" because it escalated the war

Blackstone, Bain to bid for Mitsubishi pharma unit in up to $3.5 bn deal

Mitsubishi Chemical has hired Goldman Sachs to run the sale process and binding bids are due on Dec. 24, the sources said

Shale drilling techniques could lead to a geothermal surge, says IEA

Shale drilling techniques in question have also attracted opposition from environmental campaigners in the context of the oil and gas industry because of concerns over water pollution and earthquakes

UK economy shrinks in Oct, suffers first back-to-back declines since 2020

Gross domestic product shrank 0.1 per cent month-on-month in October, as it did in September, the Office for National Statistics said

Aviva's India executives approve brokerage model queried by tax officials

Indian tax officials have asked Aviva why it should not be penalised for the scheme in the period 2017 to 2023, which a confidential company document shows began in 2013

Worker shortages raise doubts over Britain's plan to build for growth

Britain has long lacked candidates to fill jobs, a problem made worse by the 2016 Brexit vote and Covid-19, with vacancies higher than their level before the pandemic

Russian forces seen advancing towards strategic city in Ukraine's east

Russia controls a chunk of Ukraine about the size of the American state of Virginia and is advancing at the fastest pace since the early days of the 2022 invasion, according to open source maps