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Oil prices steady after sharp decline of nearly 3% on weak US demand

Oil prices were roughly unchanged in early trading on Friday after sliding around 3% in the previous session on weakened demand in the United States and a pick-up in supply from Libya

Microsoft Teams down for thousands of users globally, says report

Microsoft's Teams app was down for more than 3,000 users, according to outage tracking website Downdetector.com

Tesla profit tops target; Musk says high prices could hurt demand

Tesla also sold a majority of its bitcoin holdings, which led to smaller-than-expected impairment charges caused by a decline in the value of the cryptocurrency, analysts said

European Union heaves sigh of relief as Russia restarts gas supply

Russia says Ukrainian drone struck nuclear plant but caused no damage

At 50 basis points, European Central Bank's rate hike higher than expected

Euro zone central bank's first rate hike in 11 years confirms that concerns about runaway inflation now trump growth considerations

Gold prices down below 50K, a first in 5 months; silver falls to Rs 55,130

In India, the fall has been less steep due to the recent import duty hike on the yellow metal

Italy to hold September election after PM Mario Draghi resigns

PM Draghi resigns after key partners shun confidence vote; President asks him to stay on as caretaker; markets fall heavily over political crisis

Russia about to 'run out of steam' in Ukraine, says British spy chief

Richard Moore, chief of the Secret Intelligence Service, also estimated that about 15k Russian troops had been killed so far in its war in Ukraine, adding that was 'probably a conservative estimate'

Facebook's growth woes in India: too much nudity, not enough women

Many women have shunned the male-dominated social network because they're worried about their safety and privacy, according to the Meta research

Wall Street: Tesla keeps Nasdaq afloat, AT&T forecast weighs on S&P 500

Tesla shares rise as profit tops expectations; airlines slide after United, American report earnings; energy stocks lead sectoral declines

Gold bounces back as dollar slips on ECB rate hike, economic risks grow

By Arundhati Sarkar

Biden tests positive for Covid, has mild symptoms, working in isolation

Biden, 79, has begun taking a course of the antiviral treatment Paxlovid, according to his press secretary, Karine Jean-Pierre

ECB raises rates for first time in 11 years to fight off runaway inflation

European stocks and bonds slumped and the euro rose after the European Central Bank raised rates by a larger-than-expected 50 bps

Ukraine keeps key interest rate unchanged, increases inflation forecast

Devastated by the war with Russia, Ukraine's economy fell by around 40% year on year in the second quarter of this year, the central bank said

Citi expects revenue from Indian corporate business to grow 10% a year

By Nupur Anand

Kremlin rejects Vladimir Putin health rumours, says he is fine

CIA Director William Burns was asked about the issue during a security forum in the United States on Wednesday, where he said that Putin was 'entirely too healthy'

Tokyo's daily Covid cases cross 30,000 for first time in pandemic

New coronavirus cases in Japan's capital hit a record on Thursday, surging past 30,000 for the first time since the pandemic began, spurring officials to call for more vigilance.

India's FY23 growth forecast cut to 7%, RBI to stay hawkish: FICCI

The Indian economy is expected to expand 7% in fiscal 2022/23, slower than a previous estimate of 7.4% and the central bank's 7.2% projection, according to a survey by India's leading industry body.

Gold prices falls to near one-year low as ECB rate hike fears loom

Gold rates have slumped to a nearly one-year low over ECB rate hike fears. Oil prices have also followed suit

Oil prices slump over 3% as stockpiles, rate hikes stoke demand worries

By Shadia Nasralla