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In a first, US overtakes Germany to become UK's biggest source of imports

While Germany has long been Britain's biggest source of imports, the United States was already Britain's largest export market

Apple offers $1 million 'bounty' to finders of iPhone security flaws

The $1 million prize would apply only to remote access to the iPhone kernel without any action from the phone's user

Months before Brexit, UK economy contracts for first time since 2012

Many car factories ramped up manufacturing at the start of the year and brought forward production breaks to prepare for Britain's original Brexit date of March 29

Oil demand growing at slowest pace since 2008 financial crisis: IEA

From January to May, oil demand increased by 520,000 bpd, marking the lowest rise for that period since 2008

June industrial output grows 2% y/y, better than analysts forecast

The cumulative growth in April-June over the corresponding period of the previous year was 3.6 per cent.

RBI not done with easing, to cut rates in Oct and early next year: Poll

If the RBI does cut rates in October and early next year it will be the most aggressive amongst major central banks in easing policy

Hong Kong airport on alert as anti-govt activist gear up for 3-day rally

The move comes as officials confirmed on Friday that a police commander who oversaw pro-democracy demonstrations was recalled to deal with protests

Oil prices rise on expectations of more output cuts by Opec amid trade row

International benchmark Brent crude futures, were at $57.61 a barrel by 0009 GMT, up 23 cents, or 0.4%, from their previous settlement

Apple faces investigation for suspected unfair competition in Russia

Watchdog FAS said it was investigating why a new version of Kaspersky Lab's Safe Kids application had been declined by Apple's operating system

Jamna Auto Industries braces for plant shutdowns amid industry-wide crisis

India's auto sector is facing a downturn triggering massive job cuts and factory shutdowns

DHFL says it may not be able to fulfill its immediate debt payments

DHFL had earlier said its creditors would not have to take any haircut on principal payments under its resolution plan.

Govt looks to exempt foreign portfolio investors from higher taxes: Report

The Budget provided for increased personal income taxes on those with an annual income of more than Rs 2 crore

Samsung's new Galaxy Note takes on Huawei in selfie beauty pageant

Samsung hopes the Galaxy Note 10 will appeal to YouTubers and fans of social media

Information of over 100 mn individuals in US, Canada hacked: Capital One

The hacker did not gain access to credit card account numbers, but about 140,000 Social Security numbers and 80,000 linked bank account numbers were compromised

Trump warns China not to wait for 2020 US election to make trade deal

Trump said China appeared to be backing off on a pledge to buy US agricultural products, which US officials have said could be a goodwill gesture and part of any final pact

RBI relaxes external commercial borrowing norms for corporates, NBFCs

ECBs with a minimum average maturity period of 10 years can now be used for working capital purposes and general corporate purposes

Delhi bans for 3 years company that makes Budweiser, Hoegaarden beers

Anheuser-Busch InBev has been banned from selling its products in the for three years for allegedly evading local taxes.

Bosnian court grants bail to Pramod Mittal, 2 others in fraud case

The cantonal court in the northern Bosnian town of Tuzla also ordered Mittal to deposit 21 million marka for alleged damages to a company he had run in Bosnia

India expected to import 180-185 mn tonnes of coal in 2019: WoodMac

WoodMac previously said India's thermal coal imports grew at their fastest pace since 2014 to 164 million tonnes in 2018

SBI tightens lending terms for auto dealers as sector sees downturn: Source

As part of the revised terms, the country's largest bank by assets has decided to halt lending to dealers of Hyundai Motor India unless they provide a minimum of 25% collateral