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Social media users lack control over data used by AI, US FTC says

US FTC report analysed how Meta platforms, ByteDance's TikTok, Amazon's Twitch, and others manage user data

OECD still sees total commitment from countries to finalise global tax pact

Washington has said that India, China and Australia remain hold-outs on U.S. demands over alternative ways to calculate transfer pricing

Oil prices rise 2% on US interest rate cut, helps Brent crude recover

Crude prices were also being boosted by rising tensions in the Middle East, said Tim Snyder, chief economist at Matador Economics

Analog Devices, Tata Group sign pact to make semiconductors in India

Tata Electronics and ADI intend to explore opportunities to manufacture ADI's products in Tata Electronics' fab in Gujarat

Samsung sues Indian labour union over strike that disrupted production

Samsung workers have since Sept 9 disrupted work and protested in makeshift tent, demanding higher wages and recognition of union that contributes a third of Samsung's annual India revenue of $12 bn

HDFC Bank likely to close $1 billion loan sale this month: Report

HDFC Bank merged with parent Housing Development Finance Corp in July 2023, adding a large pool of mortgage loans to the bank's portfolio but a much smaller amount of deposits

Russia takes two villages in the western Kursk region: Senior commander

Russia, which controls about 18% of Ukraine, has also been advancing in eastern Ukraine - and took the town of Ukrainsk on Tuesday

New iPhone 16 unveiled in Russia as retailers skirt Apple's export ban

Apple did not immediately respond to a request for comment outside US business hours

India to produce more rice this year despite heavy rains: Shivraj Singh

Last year, the El Nino weather pattern curtailed rains in the country, which relies on the June-to-September monsoon for watering nearly half of its farmland that lacks irrigation

Indian firms use currency swap to lower borrowing costs as Fed cuts kickoff

The banker did not want to be named because he is not authorized to speak to the media

Waymo in talks with S Korea's Hyundai Motor to produce self-driving taxis

Motional, a self-driving technology unit of Hyundai Motor Group, earlier this year delayed plans to launch a robotaxi service with its next-generation Hyundai Ioniq 5 robotaxis

UN advisory body makes seven recommendations for governing AI

Only a handful of countries have created laws to govern the spread of AI tools

China aircraft lessor orders 50 737 MAX jets in major boost to Boeing

The planemaker's deliveries to China had been gradually recovering in recent months after a lengthy hiatus

Taiwan denounces China for suspending tariff exemptions on farm goods

China, which claims democratically governed Taiwan as its own territory, has ramped up its pressure on Taipei over the past five years

US House Republicans fail to pass spending bill as shutdown approaches

Democrats in the House and the Senate say they are eager to pass a stopgap spending bill to avert a disruptive shutdown

Vistra acquires remaining stake worth $3.25 bn in subsidiary Vistra Vision

Vistra's shares have jumped nearly 137 per cent so far this year

Boeing furloughs thousands as it hunkers down for prolonged strike

A protracted labor battle could cost Boeing several billion dollars, further straining finances and threatening its credit rating

US Fed slashes interest rates by 50 bps for the first time since 2020

Policymakers see the Fed's benchmark rate falling by another half of a percentage point by the end of this year, and another full percentage point in 2025

Fed policymakers see end-2024 policy rate at 4.4% as unemployment rises

The decision drew a dissent from Fed Governor Michelle Bowman, who wanted just a quarter-point cut

Asian stocks and dollar gain as Fed Reserve charts 'soft landing' path

Futures rose 0.6 per cent in the Asia day and Nasdaq futures were up 0.9 per cent