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Foxconn beats estimates with record Q4 revenue driven by AI demand

Robust AI server demand led to strong revenue growth for its cloud and networking products division, said Foxconn, whose customers include AI chip firm Nvidia

US plans $8 billion arms sale to Israel, maintains support to ally

The Biden administration says it is helping its ally defend against Iran-backed militant groups like Hamas in Gaza, Hezbollah in Lebanon and the Houthis in Yemen

Donald Trump calls to 'open up' North Sea and get rid of windmills

Oil companies have been steadily exiting the North Sea in recent decades with production declining

Apple's China challenge deepens as foreign phone sales slump 47.4% in Nov

The US company's smartphone sales in China still slipped 0.3 per cent during the third quarter from a year earlier, while Huawei's sales surged 42 per cent, according to research firm IDC

Alcohol stocks drop after US Surgeon General urges cancer warning on labels

US Surgeon General Vivek Murthy said in an advisory that the consumption of alcoholic drinks increases the risk of developing breast, colon, liver and other cancers

Citing national security, US govt blocks Nippon Steel's bid to buy US Steel

The proposed tie-up has faced high-level opposition within the United States since it was announced a year ago, with both Biden and his incoming successor Donald Trump taking aim

China's central bank warns mutual funds against feeding bond frenzy

The pressure on fund managers comes as Beijing faces the daunting task of reviving consumption and the economy after a real estate crisis put a damper on growth

US manufacturing PMI rises to a nine-month high of 49.3 in December

The Institute for Supply Management (ISM) said on Friday that its manufacturing PMI increased to 49.3 last month, the highest reading since March, from 48.4 in November

H-1B visas benefit both nations, mobility of professionals important: MEA

Late last month, Trump said he fully backed the H-1B programme for foreign workers opposed by some of his supporters after Musk, the billionaire CEO of Tesla and SpaceX, vowed to go to "war" to defend

US Surgeon General calls for cancer warnings for alcoholic drinks

It is responsible for 100,000 US cancer cases and 20,000 cancer deaths each year, more than the 13,500 alcohol-associated traffic crash deaths

Marico forecasts higher quarterly revenue growth on cooking oil demand

However, sales in large cities are under pressure as consumers cut back on spending due to high costs of living

US pizza chain Papa John's aims to re-enter Indian market in 2025

Papa John's exited India in 2017 saying its restaurants were not able to meet the expectations of the brand and the franchisee

Aiming to boost economic ties with US, engaging with Trump admin: Goyal

Bilateral trade between India and the United States, India's largest trading partner, exceeded $118 billion in 2023/24, with India registering a trade surplus of $32 billion

Rupee logs 9th straight week of losses, analysts expect more weakness

The rupee may touch the 86-per-dollar mark in the short term, said Jigar Trivedi, a senior analyst at Reliance Securities, who recommends buying the dollar-rupee pair on every dip

UN's world food price index eases in December as sugar prices decline

Sugar prices led December's monthly decline, dropping 5.1 per cent month-on-month thanks to improving sugarcane crop prospects in the main producing countries to stand 10.6 per cent below its December

Oil set for weekly gains as market eyes US, Chinese policy support

Signs of Chinese economic fragility heightened expectations of policy measures to boost growth in the world's top oil importer

Tesla's China sales hit record high in 2024, bucking global decline

Tesla's record China sales while its worldwide deliveries fell is reflective of the global EV landscape as China is the only major market seeing robust growth

China gives govt workers first big pay hike in a decade to boost economy

On a combined basis, the immediate payout would amount to a one-time shot to the economy of between about $12 billion and around $20 billion

Rupee may dip to all-time low on Fed outlook-spurred dollar rally

The dollar index rose 0.7 per cent on Thursday, hitting 109.54, helped by the US jobless claims data

Asian shares rise, dollar at two-year high as US rates, Trump in focus

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.33 per cent higher but on course for a nearly 1 per cent drop for the week