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BP Chair Helge Lund to step down by 2026 as search for successor begins

Lund had backed BP's 2020 strategy under former CEO Bernard Looney to move away from oil and gas, including an ambition to cut its hydrocarbon output by 40 per cent this decade

US tariffs risk slowing global growth significantly: ADB chief economist

US tariffs impose substantial levies on trading partners, including Southeast Asian nations, with Vietnam, Laos and Cambodia facing some of the highest rates

London's Canary Wharf office vacancies hit record high amid tenant exodus

London's Canary Wharf struggles to recover from pandemic-era demand slump, even as central city areas and global hubs like New York and Paris show signs of commercial property rebound

India's March services growth moderated, inflation eased sharply: PMI data

The HSBC final India Services Purchasing Managers' Index, compiled by S&P Global, fell to 58.5 last month from 59.0 in February, but was higher than a preliminary estimate

Banks propose RBI switch to overnight liquidity management, new benchmark

The 14-day variable rate repo, or reverse repo, has been the RBI's main cash management tool since a change in 2020 that was intended to reduce lenders' reliance on the central bank

RBI to cut rates three more times this year on tariff threat, says Citi

India's economy is forecast to grow by 6.7 per cent in the current financial year, according to the central bank's estimate released in February

Trump tariffs provoke world condemnation, fears of a $2,300 iPhone

The penalties announced by Trump on Wednesday triggered a plunge in world financial markets and drew condemnation from other leaders

US is committed to Nato, but Europe must spend more on defence: Rubio

According to NATO estimates, some of the continent's big economies, such as Italy and Spain, are among those below the current 2 per cent target, at around 1.5 per cent and 1.3 per cent respectively

Trump's tariff hike sparks global concerns over prices and trade turmoil

Trump ramped up his trade war with tariff rates from 10 per cent to nearly 50 per cent. He says the levies will bring jobs back to the United States

Prices of coffee, cocoa slide as Trump's tariffs spark demand worries

Sugar prices also fell, caught in the melee of tariffs as the US is also one of the world's top sugar importers

Trump tariffs risk delaying big tech's AI data centre projects, spending

Trump and technology executives have touted lofty plans by Oracle, SoftBank and others to invest heavily in artificial intelligence since his return to the White House earlier this year

Several National Security Council officials fired from White House : Report

It's not clear exactly why the officials were let go or if their firing is permanent. But two of the sources said several were told there were issues with their vetting their background

Parliament clears landmark aviation bill to support aircraft lessors

The issue has been in focus since 2023 when lessors like SMBC Aviation couldn't repossess aircraft from India's Go First after it filed for bankruptcy

US Senators brings bill to limit Trump's tariff power, needs Cong approval

Congress would need to pass a joint resolution of approval on the new tariff within 60 days. Otherwise all new tariffs on imports would expire

France's Prez Macron calls for suspension of investment in US after tariffs

The comments come weeks after French shipping firm CMA CGM announced plans to invest $20 billion in the US to build shipping logistics and terminals

Volkswagen to introduce 'import fee' on cars hit by 25% tariffs: Report

Trump's 25 per cent auto tariffs will cover more than $460 billion worth of imports of vehicles and auto parts imports annually

US weekly unemployment claims fall to 219,000 ahead of tariffs storm

President Donald Trump on Wednesday unveiled a 10 per cent minimum tariff on most goods imported to the United States, sparking threats of retaliation and rattling global financial markets

Volvo Cars CEO vows to produce more cars in US as Trump announces tariffs

European companies are scrambling to find solutions as President Donald Trump's 25 per cent duties on foreign cars became effective

Fitch cuts China credit rating on debt risks amid trade tensions

The downgrade came a day after President Donald Trump imposed sweeping tariffs on imports from US trading partners, with China among the hardest-hit

RBI decides not to conduct 14-day repo auction for upcoming fortnight

Banking system liquidity moved into surplus on March 29, after being in deficit since mid-December. The surplus stood at 1.42 trillion rupees, as on April 1