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Samsung Electronics' union set to stage 1st walkout over pay in South Korea

The National Samsung Electronics Union (NSEU), which has about 28,000 members, or more than a fifth of the company's total workforce, has said it will stop work for a day as part of broader protest me

Asia shares set for weekly gains as major central banks cut rates

The European Central Bank (ECB) delivered a well-telegraphed rate cut on Thursday, a day after the Bank of Canada became the first G7 nation to trim its key policy rate

NCLT approves merger of full-service carriers Vistara with rival Air India

The merger, first announced in November 2022, will include Vistara, which is 49 per cent owned by Singapore Airlines being absorbed into Air India

Insurers to invest more in private credit market: Moody's Ratings report

In a survey this week of the world's largest insurers, Moody's found that nearly 80% of respondents planned to increase their holdings in at least one class of private credit

Russia, China raise concerns with US over UN resolution on Gaza ceasefire

Biden laid out a three-phase ceasefire plan for the Gaza Strip a week ago that he described as an Israeli initiative

Israeli strike kills at least 40 Palestinians at school in Central Gaza

The Israeli military said that Hamas militants were operating from within the school

ECB cuts key interest rate by 25 bps even as inflation fight continues

Inflation in the 20 countries that share the euro has fallen to 2.6% from more than 10% in late 2022, largely thanks to lower fuel costs and an easing of post-pandemic supply snags

Netflix tests biggest TV app revamp in 10 yrs to enhance viewing experience

The video streaming pioneer wants to increase the time that viewers spend on the app to help retain customers and draw subscribers to its new, lower cost plans with advertising

SpaceX's Starship survives return to Earth, achieves landing on 4th try

Much is riding on SpaceX's development of Starship, relied upon by NASA as it aims to return astronauts to the moon in 2026 in a rivalry with China, which plans to send its astronauts there by 2030

IMF says ECB interest rate cut 'appropriate,' Fed should stay cautious

IMF spokesperson Julie Kozack also told a regular news briefing that the US economy needs to slow in 2024 and the Fed should remain cautious in cutting rates

Bajaj Housing Finance approves to file IPO to raise Rs 4,000 crore

The IPO would be subject to market conditions, approvals and regulatory clearances, the company added.

Modi's allies want funds, cabinet positions as NDA gears to form new govt

Besides special status and cabinet positions, TDP is also seeking more funds for irrigation projects in Andhra Pradesh and to complete the building of its new capital, Amaravati

Sebi warns ICICI Bank over investor outreach for ICICI Securities delisting

ICICI Securities, a subsidiary of ICICI Bank, had secured a shareholder nod in March for the delisting

ITC shareholders approve demerger of hotel biz with 99.6% majority votes

ITC Hotels will compete as an independent entity with rivals such as Tata-owned Indian Hotels Company, which operates Taj Hotels, and EIH Associated Hotels, which manages the Oberoi brand of hotels

Russia could deploy missiles in striking distance of West, says Putin

Putin also said Moscow was considering deploying similar high-technology, long-range missiles close enough to strike the states that allowed Ukraine to strike Russian territory with such missiles

Zee Entertainment to raise nearly $240 million, to use funds for growth

Zee said it will use the funds to "enhance its strategic flexibility to pursue future growth opportunities in the evolving media landscape"

India to spend up to $385 bn to meet renewable energy target: Moody's

India, a major greenhouse gas emitter, has said it aims to ramp up non-fossil fuel capacity set by 50 GW each year to help meet its 500 GW target.

Scorching heat fuels India's gas-fired power use to multi-year highs in May

More than 75 per cent of India's power generation was from coal in 2023, while gas-fired plants have accounted for only about 2 per cent in recent years, largely because of the high cost of gas

'US regulators to open antitrust probe against Microsoft, OpenAI & Nvidia'

The US Department of Justice will take the lead in investigating Nvidia while the FTC will examine the conduct of OpenAI and Microsoft

Meta hit with 11 EU complaints over use of personal data to train AI models

Meta has cited a legitimate interest for using users' data to train and develop its generative AI models and other AI tools, which can be shared with third parties