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Toyota's Daihatsu to halt all vehicle shipments, in widening safety scandal

Toyota Motor's Daihatsu unit will halt shipments of all of its vehicles, Japan's biggest automaker said on Wednesday, after a safety scandal investigation found issues involving 64 models

US consumer confidence rises to five-month high, home sales eke out gains

Though consumers continued to worry about inflation, many were planning to buy motor vehicles, houses and major appliances like refrigerators and clothes dryers over the next six months

Indian bond yields continue flattish trend, traders eye fresh cues

Indian government bond yields were largely flat on Wednesday in yet another trading session, amid consolidation after their recent decline and as traders awaited more directional triggers

Big UK inflation drop bolsters bets on Bank of England cuts early next year

The annual rate of increase in consumer prices dropped to 3.9% from 4.6% in October, pushed down in part by cheaper petrol, for its lowest reading since September 2021

Google plans restructuring 30,000-people ad sales unit as automation booms

Sean Downey, who oversees ad sales to big customers in the Americas, said at a department-wide meeting last week that Google plans to restructure its ad sales teams

AI cannot be patent 'inventor', UK Supreme Court rules in landmark case

In a separate case last month, London's High Court ruled that artificial neural networks can attract patent protection under UK law

Brent hovers near $80 amid geopolitical tensions over Red Sea attacks

On Wednesday, Greece advised commercial vessels sailing in the Red Sea avoid Yemeni waters. Greek ship owners control about 20% of the world's commercial vessels in terms of carrying capacity

Sony's video game plans leaked by Rhysida ransomware group: Report

Sony-owned Insomniac Games' more than 1.3 million files, including game roadmaps, budgets and information about an upcoming "Wolverine" title, have been leaked online by the Rhysida ransomware group

India urges G7 to delay ban on Russian diamonds as rules not clear: Report

India has urged the Group of Seven (G7) countries to delay an incoming ban on Russian diamonds because the rules to trace the origins of gems remain unclear, two sources aware of the matter said.

Asian buyers struggle with high price of onions after India's export ban

The world's biggest exporter of onions banned shipments on Dec. 8 after domestic prices more than doubled in three months following a drop in production.

Toshiba delisted from Tokyo exchange after 74 yrs; future with new owners

The conglomerate is being taken private by a group of investors led by private equity firm Japan Industrial Partners(JIP)

Steel demand in FY25 likely to be slower as elections loom: Analysts

"We expect finished steel consumption in India to increase by 9 per cent in FY25, following a 12 per cent rise in FY24," Fitch Ratings said

Ready to talk on Ukraine but will defend our national interests: Putin

Putin, who sent troops into Ukraine in 2022, has repeatedly said he would be prepared to talk about peace, though Western officials say he is waiting for the U.S. presidential election

Accenture forecasts Q2 revenue below estimates on muted IT spending

Analysts expect IT services expenditure to remain muted in the near term as businesses typically decide their annual budgets only after February

Israel keeps pounding Gaza, Yemen's Houthis vow more Red Sea attacks

The conflict has spread beyond Hamas-ruled Gaza, including into the Red Sea where Iran-aligned Houthi forces have been attacking vessels with missiles and drones

WHO classifies 'low' risk JN.1 coronavirus strain as 'variant of interest'

The United Nations agency said current vaccines continue to protect against severe disease and death from JN.1 and other circulating variants of the COVID-19 virus

Euro stocks rise, yen falls after BOJ sticks to ultra-easy monetary policy

In a widely expected move, the Bank of Japan kept its ultra-low interest rates unchanged. It also made no change to its dovish policy guidance.

$245 bn IT sector sees tougher terms amid scramble for contracts: Report

The tougher contracts are likely to add pressure on an industry that is already struggling

RBI tightens norms to check evergreening of loans by lenders through AIFs

This includes companies in which lenders have current exposure such as an investment or a loan or in the past 12 months, the Reserve Bank of India (RBI) said

India's IPO momentum seen growing on prospects of political stability

India's share of global IPO proceeds is at an all-time high of 5.98%, Dealogic says, almost doubling in 2 years, while its share of Asia IPO proceeds has also grown to 9.9% this year from 5.9% in 2018