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ECB cuts interest rates as growth dwindles, gives no clue of next step

Economists think the most she will do is keep the door open to another cut in October by saying that all meetings, including the next one, are 'live'

US weekly jobless claims rise moderately on low layoff, slow labour market

Government data last week showed nonfarm payrolls increasing by less than expected in August but the unemployment rate falling to 4.2 per cent from 4.3 per cent in July

Mastercard to buy Recorded Future for $2.65 bn to bolster intelligence

The acquisition will bring expanded threat intelligence capabilities to the New York-based payments firm, which recorded $9 trillion in gross dollar volumes last year

China warns carmakers of risks of making overseas investment: Report

It also encouraged carmakers to use overseas factories for final vehicle assembly with knock-down components exported from China to mitigate potential risks stemming from geopolitical issues

Microsoft 365 services down for thousands of users, shows Downdetector

There were more than 20,000 incidents of people reporting issues with Microsoft 365, according to Downdetector, which tracks outages by collating status reports from a number of sources

Africa's doses fall short amid Mpox spread while rich nations have plenty

A small fraction of those doses could help curb what is now the biggest mpox outbreak on record in the Democratic Republic of Congo and neighboring countries, disease experts say

NaBFID plans Rs 53,000 crore debt raise in FY25, says MD Rajkiran Rai

NaBFID has already sanctioned Rs 20,000 cr of its target of Rs1 trillion for the 12 months through March 2025

Oil prices rise almost 2% on fears over hurricane impact on US output

On Thursday the International Energy Agency (IEA) cut its 2024 oil demand growth forecast by 70,000 bpd, or about 7.2 per cent, to 900,000 bpd, citing muted Chinese demand

Palm oil imports in Aug fall over a quarter as buyers shift to soyoil

The drop in imports of palm and sunflower oils brought down the country's total edible oil imports by 17 per cent to 1.53 million tons

Want Opec+ to raise oil output to meet demand, says oil secretary

The Organization of the Petroleum Exporting Countries (Opec) and allies, together called Opec+, last week agreed to delay a planned oil output increase for October

Typhoon Yagi worsens in Thailand; many evacuated, rescue efforts underway

At least 33 people have died across Thailand since mid-August from a spate of rain-related incidents including landslides

Tata Motors, MG offer free charging, battery rentals to lure EV buyers

The price cuts and other offers were a 'step towards mainstreaming EVs and accelerating EV adoption'

China's commerce minister to visit Europe ahead of EV tariff vote

The announcement of Wang's Europe trip followed the visit of Spanish Prime Minister Pedro Sanchez to China earlier this week where he unexpectedly said the EU should reconsider its position

Vedanta plans to expand nickel sulphate production, to tap overseas demand

Unlike Japan and South Korea, India's electric vehicle market is still in its nascent stage

Tamil Nadu labour minister to meet Samsung officials to resolve strike

Appliances such as televisions, refrigerators and washing machines are made at the plant, which contributes 20% to 30% of Samsung's annual revenue of $12 billion in India

Ukraine businesses hire more women, teens as labour shortages bite

Male-dominated industries are more affected by staff shortages, the central bank said

Australia threatens fines for social media giants enabling misinformation

The bill is part of a wide-ranging regulatory crackdown by Australia, where leaders have complained that foreign-domiciled tech platforms are overriding the country's sovereignty

Durex makes India condom push for women, rural consumers with lubes, ads

The Durex lubricants in India will use improved formulations to appeal to women and have been created after performing clinical studies to address concerns females face

Rupee holds above lifetime low, supported by likely RBI intervention

That weighed on Asian currencies. But the rupee held its ground, supported by state-run banks' dollar sales, most likely on behalf of the RBI, traders said

Russian expert pushes case for Putin to toughen policy on nuclear weapons

The current doctrine states that Russia would be prepared to use nuclear weapons in response to a nuclear attack by another country or a conventional attack that threatened the existence of the state