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Apple may replace Goldman with Barclays, Synchrony for credit card deal

Negotiations between Apple and Barclays have been ongoing for several months, but it may still take months to strike a deal

Azul, Gol draw closer to potential partnership to form major Brazil airline

Azul Chief Executive John Rodgerson said in an interview that the combined carrier, which would continue operating two separate brands despite the combined ownership, would be 'a national champion'

Carmakers in India plan EV onslaught in 2025 despite slowing global demand

Electric cars will take centre stage at India's five-day auto show in New Delhi starting Friday with models from new Vietnamese entrant Vinfast shown alongside Maruti Suzuki and Mahindra & Mahindra

US tightens Russia sanctions, warns biz of more penalties for partnerships

The official stressed that there are new sanctions on 15 companies related to Russia and China that have worked together to avoid existing sanctions

Global stocks rise on US inflation data, upbeat fourth quarter earnings

Adding to the upbeat tone for the stock market were bumper fourth-quarter results from the likes of JPMorgan, which reported its biggest annual profit on record on Wednesday

Trump's energy department pick calls for more LNG and nuclear power

Wright supports some fossil fuel alternatives, such as small nuclear power reactors, which are not yet commercially available, and geothermal power. He has criticized solar and wind power

CCI's ruling can force rollback of features, hurt business, warns Meta

The CCI has imposed a fine of $24.5 million and a five-year ban on the data sharing practice in India, the biggest market for Meta where it has more than 350 million Facebook users

US consumer prices increase slightly above expectations in December

The consumer price index rose 0.4 per cent last month after climbing 0.3 per cent in November, the Labor Department's Bureau of Labor Statistics said

Israel, Hamas reach ceasefire agreement meant to end 15-month Gaza war

The deal, not yet formally announced, outlines a six-week initial ceasefire phase and includes the gradual withdrawal of Israeli forces from Gaza

Trump team asks three senior American career diplomats to resign: Report

The team overseeing the State Department's transition to the new administration, the Agency Review Team, has requested that Dereck Hogan, Marcia Bernicat and Alaina Teplitz leave their posts

Citi beats estimates for Q4 profit, cuts return targets after 'critical' yr

Shares of the third-largest U.S. lender were last up 5 per cent in premarket trading on Wednesday after Citigroup said its board has authorized a new share repurchase program

Biden bids farewell from Oval Office as Trump looms over his legacy

Biden ran for president in 2020 as a transition figure, but opted at the unprecedented age of 80 to run for reelection, convinced he was the only Democrat who could beat Trump

S Korean investigators question impeached Prez Yoon in insurrection probe

His arrest, the first ever for a sitting president in South Korea, is the latest head-spinning development in one of Asia's most vibrant democracies

Opec forecasts oil demand growth in 2026, lowers estimates for 2024

Opec, in a monthly report, said demand will rise by 1.43 million barrels per day in 2026, a similar rate to the growth of 1.45 million bpd expected this year

Pakistan cuts charging stations' power tariff by 45% to boost EV adoption

The government is also planning to introduce financing schemes for e-bikes and the conversion of two- and three-wheeled petrol vehicles

Wells Fargo profits rise on strong investment banking performance

The US Federal Reserve imposed a $1.95 trillion asset cap in 2018 that prevents Wells Fargo from growing until regulators deem it has fixed failings in its governance and risk management

Goldman Sachs profit surges as investment banking, trading fuel Q4 growth

Profit rose to $4.11 billion, or $11.95 per diluted share, for the three months ended Dec. 31, compared with $2.01 billion, or $5.48 per diluted share, a year ago

Kashmir's saffron farmers experiment indoor cultivation amid climate change

Experts say rising temperatures and erratic rainfall pose a risk to saffron production, which has dropped from 8 metric tons in the financial year 2010-11 to 2.6 metric tons in 2023-24

Gaza ceasefire still elusive as negotiators try to hammer out deal

During months of on-off talks to achieve a truce in the devastating 15-month-old war both sides have previously said they were close to a ceasefire only to hit last-minute obstacles

Saved millions from losing jobs: US Treasury defends Biden's Covid spending

While the US economy had done "remarkably well" in the aftermath of the pandemic, it outperformed other advanced economies and did better than in past recessions, Yellen said