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London's burning: Fire engulfs homes as UK temperatures hit record 40C

UK hits record 40C at Heathrow Airport; train routes cancelled due to the heat; heatwave prompts focus on climate change promises

PharmEasy plans $200 million fund raising at lower valuation: Report

Indian drug and medical services startup PharmEasy is in talks with investors to raise $200 million, but at a valuation that could be 15% or even 25% lower than last year's $5.1 billion

Wall Street powers ahead with earnings in full swing; Dow surges 580 pts

Johnson & Johnson higher after Q2 profit beat; Boeing rises on deal to set jets to 777 Partners; IBM falls on dollar impact warning

Google to allow app developers to use rival payment systems, to cut fees

The world's most popular internet search engine said the fee cut applies only to European consumers

Chinese regulators to fine Didi over $1 billion for data breaches

Didi's penalty could pave the way for Beijing to ease a restriction banning it from adding new users to its platform and allow its apps to be restored on domestic app stores

Hindustan Unilever warns of higher prices as costs pressure margins

High commodity prices forced the India unit of Unilever to raise prices across its main segments, including household care, skin and hair cleansing products, in the quarter ended June

Investor pessimism worst since 2008 global financial crisis: BofA survey

Investors slashed their exposure to risk assets to levels not seen even during the global financial crisis in a sign of full capitulation amid a 'dire' economic outlook, says the survey

Asian palm buyers replenish inventories as prices correct to one-year low

It will also help Indonesia to reduce stockpiles that swelled after its export ban earlier this year and pressured local prices lower and squeezed farmer's incomes.

Euro rallies after report that bigger ECB rate hike is on the cards

The euro rose to as high as $1.0254, up 1.1% on the day and its strongest since July 6 as money markets priced in a 60% chance of a 50 basis point hike on Thursday, up from 25% on Monday.

India to invest more in Sri Lanka after crisis support of $3.8 bn: Report

India is willing to make more investments in neighbouring Sri Lanka after supporting it with $3.8 billion this year, New Delhi's envoy in Colombo told the Indian Express newspaper

Russia seeking payments for oil exports from India in dirhams: Report

Russia is seeking payment in United Arab Emirates dirhams for oil exports to some Indian customers, three sources said and a document showed

How China became ground zero for auto chip shortage over past 2 years

The global chip shortage over the past two years has been caused by pandemic supply chaos combined with booming demand

Apple sued in San Francisco for antitrust violations over Apple Pay

Apple Inc was sued in a proposed class action by payment card issuers accusing the iPhone maker of abusing its market power in mobile devices to thwart competition for Apple Pay

Lanka-IMF talks almost complete, says acting President Ranil Wickremesinghe

'The negotiations with the IMF were nearing conclusion, and discussions for assistance with foreign countries were also progressing

Russia fines Google $370 million for repeated content breaches

Russia has long objected to foreign tech platforms' distribution of content that fall foul of its restrictions

Oil back above $100 on Russian gas supply jitters, weaker US dollar

Russian gas export monopoly Gazprom declared force majeure on gas supplies to Europe to at least one major customer, potentially ratcheting up the continent's supply crunch

Explained: How Netflix plans to find its inner 'Star Wars' to survive

Netflix teams are plotting ways to milk more from Netflix's bigger shows and movies with universes and characters they can return to again and again

Goldman Sachs warns it may slow hiring, cut expenses as deals slump

Goldman's investment banking revenue fell 41% to $2.14 bn in the second quarter, as fees from both equity and debt underwriting fell along with those from advising on stock listings and M&As

Russia seeking oil payments from India in dirhams, shows document

An invoice seen by Reuters shows the bill for supplying oil to one refiner is calculated in dollars while payment is requested in dirhams.

Goldman profit beat, easing rate-hike bets drive Wall Street higher

Goldman Sachs profit beats as fixed-income trading shines; Boeing rises as Delta to buy 100 737 MAX 10 planes