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India records current account surplus of 0.6% on higher service exports

In the year-ago period, the current account deficit stood at $1.3 billion or 0.2 per cent of GDP, and the same was $8.7 billion or 1 per cent of GDP in the preceding quarter ending December 2023

Fast fashion retailer Shein filed for London listing in early June: Report

The Chinese-founded company, was valued at $66 billion in a fundraising round last year

Govt cancels 14 critical mineral block auctions launched in second tranche

India, in February, had launched the second part of its critical minerals auction worth an estimated $362 billion, listing 18 critical mineral blocks across eight states

German business sentiment unexpectedly darkens in June: Ifo Institute

The Ifo institute said its business climate index declined to 88.6 in June from 89.3 in May, compared with a reading of 89.7 forecast by analysts

Bank of Japan's bond holdings effective in lowering yields, paper shows

The findings come ahead of the BOJ's scheduled announcement next month of a detailed plan on how to trim its massive bond purchases and reduce its nearly $5 trillion balance sheet

Apple's App Store rules violate EU's Digital Markets Act, say regulators

European Commission, which also acts as the EU antitrust and technology regulator, said it had sent its preliminary findings to Apple following an investigation

We are well positioned to capitalise on country's infra spending: Adani

The group, which has businesses across ports, power utilities, transmission and coal trading, is betting on India's infrastructure spending

Fire at South Korea battery plant claims 16 lives, five individuals missing

Live TV footage showed firefighters spraying the damaged steel and concrete building

From Black Sea to US Midwest, extreme climate threatens crop output

Global wheat prices jumped to a 10-month high in May after adverse weather trimmed yields for the maturing crop in Russia, the biggest exporter

Ukraine inches closer to joining EU after decade of devastating war

Kyiv filed its request to join the EU days after Russia's full-scale invasion in February 2022

RBI's rate panelists see growth risks, call for rate cut to sustain economy

The views of the three members show increasing concern among policymakers about momentum in Asia's third-largest economy

Govt bond yields fall ahead of expected inflows post index inclusion

Foreign banks also stepped up purchases of bonds last week ahead of the inclusion, and is expected to continue this week as well

India's LNG demand surge supports Asia's declining imports in June

Asia is on track to import 23.18 million metric tons of LNG in June, down a touch from May's 23.55 million

Australia to make supermarket industry code mandatory, fines for violation

The supermarkets will face fines of up to 10 per cent of annual turnover for breaches of the code

EU to get iOS 18, macOS Sequoia without headline features due to DMA

Apple said three features - Phone Mirroring, SharePlay Screen Sharing enhancements, and Apple Intelligence - will not be rolled out to EU users this year

China's ByteDance collaborates with Broadcom to develop advanced AI chip

ByteDance's tie-up with Broadcom, an existing business partner, would help slash procurement costs

Mission 2025 group urges governments to aim more ambitious climate goals

Corporate backers include consumer goods company Unilever, the world's biggest furniture retailer IKEA and British sustainable energy company Octopus EV

Mission 2025 group urges governments to aim more ambitious climate goals

Corporate backers include consumer goods company Unilever, the world's biggest furniture retailer IKEA and British sustainable energy company Octopus EV

China's fiscal revenue drops 2.8% in January-May as weak demand drags

Fiscal expenditure rose 3.4 per cent in the first five months, versus a 3.5 per cent gain in the first four months

Russia says U.S. is responsible for deadly Ukrainian attack on Crimea

Television footage on Russian state television showed people running from a beach and some people being carried off on sun loungers