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India remains net steel importer in April-July on rise in Chinese shipments

India imported 2.69 million metric tons of steel between April and July, and exported 1.57 million tons, the data showed

Walmart seeks to raise $3.74 bn in sale of JD.com stake, term sheet shows

Walmart said in a statement that JD.com had been a valued partner over the past eight years, and the US retailer was committed to a continued commercial relationship with the Chinese e-commerce giant

China opens anti-subsidy probe into imported dairy products from EU

China will examine 20 subsidy schemes from across the 27-strong bloc, specifically those from Austria, Belgium, Croatia, Czech Republic, Finland, Italy, Ireland, and Romania, it said in a statement

UK watchdog shuts down investigation into app stores of Apple, Google

The body subsequently launched parallel investigations into both companies for alleged anticompetitive behaviour

China's Xiaomi beats Q2 revenue estimate, reveals auto unit sales

For the three months ending in June, Xiaomi's revenue rose 32 per cent to 88.9 billion yuan, beating the 85.8 billion yuan estimated by analysts, according to LSEG

Flour mills urge govt to release wheat stocks as prices hit 9 months peak

Last year the government started selling wheat from its reserves in June, and between June 2023 and March 2024 it sold a record amount of nearly 10 million metric tons from stocks

Putin ally Sergei Chemezov says West risks global war over Ukraine

Chemezov, CEO of the Rostec corporation which supplies many of Russia's arms for the war, said Russia felt confident and had enough weapons more than two years into what the Kremlin calls its SMO

UK borrows more than expected in July, underlining challenge for FM Reeves

The figures did not include recent pay deals struck between the new Labour government, elected last month in a landslide victory, and public sector workers including junior doctors

China has cut permits by nearly 80% for new coal power plants: Greenpeace

Greenpeace East Asia project lead Gao Yuhe said wind and solar expansion has been strong as coal building slows, but that it was unclear what slowdown meant for use of the carbon-intensive fossil fuel

Switzerland closer to being cashless, launches instant payment scheme

Instant payments are credit transfers that make funds available in the recipient's account within 10 seconds of a payment order being made rather than waiting for days for the cash to clear

Centre to spend $300 mn to mitigate floods, conserve water in big cities

The federal government spending, the first flood control measure focused on water bodies, was approved recently and will also incorporate early-warning systems, said Krishna S. Vatsa

EU draft on tariffs for Chinese EVs brings 'enormous risks': CAAM

European Commission published draft findings of its high-profile investigation into alleged subsidies for imports of Chinese-made EVs, which included some revisions to proposed punitive tariffs

Electric vehicle startup Rivian's production chief Fallon joins Stellantis

Fallon's exit comes at a time for Rivian, which is expanding its only facility in Normal, Illinois to produce the smaller and less expensive R2 SUV that many analysts see as critical to its success

US FDA declines to approve Regeneron's therapy for common blood cancer

FDA, in a so-called 'complete response letter', said that the sole issue identified for approval is related to findings from a pre-approval inspection at a third-party manufacturer

Weak dollar, western investor buying drive gold prices to record high

The dollar touched a seven-month low on Tuesday with traders bracing for comments from Federal Reserve Chair Jerome Powell on Friday

CCI warns Disney, Reliance media merger could harm competition: Report

Antitrust experts had warned the merger, announced in February, could face intense scrutiny, especially on the sporting rights issue

EU cuts planned import tariff on Tesla's China-made electric vehicles to 9%

Tesla had requested a recalculation of its rate to be based on the specific subsidies the company had received, according to the Commission

Benchmark stocks to rise modestly by year-end, correction unlikely: Poll

Breaching the 81,000 mark for the first time in July, the benchmark index of the world's fastest growing major economy is up over 11 per cent this year

RBI asks banks to monitor credit-deposit gap to avoid liquidity issues

Indian banks' loans rose 13.7% as of July 26 from a year earlier, while deposits grew 10.6%, latest provisional data from the RBI showed

US Fed officials worried about job market as they prepare for Jackson Hole

The trend began changing this year, and Fed officials have given increasing weight to the risks they feel they are running by keeping monetary policy too tight for too long