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US job growth beats expectations in Dec; unemployment rate falls to 4.1%

Nonfarm payrolls increased by 256,000 jobs last month after rising by a downwardly revised 212,000 in November, the Labor Department said in its closely watched employment report on Friday.

Facing power losses, UP plans to privatise two power distribution firms

UP is inviting private companies to form partnerships with or privatise state-owned Dakshinanchal Vidyut Vitran Nigam and Purvanchal Vidyut Vitran Nigam, per the tender dated Jan 12

President-elect Trump's call with Putin expected soon, says his advisor

Trump, who will return as US president on Jan. 20, styles himself as a master dealmaker and has vowed to swiftly end the war in Ukraine but not set out how he might achieve that

Bezos' Blue Origin prepares for inaugural launch of its New Glenn rocket

The mission, the culmination of a decade-long, multi-billion-dollar development journey, will include an attempt to land New Glenn's first stage booster on a sea-fairing barge in the Atlantic Ocean

Finished steel imports hit six-year high in April-December, up 20% YoY

The country remained a net importer of finished steel during April-December, with exports slumping 24.6 per cent

TSMC fourth quarter net profit likely to jump 58% on strong AI chip demand

TSMC is set to report a net profit of T$377.95 billion ($11.41 billion) for the quarter ended Dec 31, according to a LSEG SmartEstimate drawn from 22 analysts

PAG acquires majority stake in pharma company Pravesha Industries

PAG has been investing in India since 2009 and currently manages over $3 billion in assets in the country

US, Japanese, Philippine leaders discuss China's behaviour in S China Sea

The three leaders agreed on the importance of continued coordination to advance a free and open Indo-Pacific

Tibet earthquake underscores seismic risks for dams in Asia's highlands

Earthquakes have damaged dams in the past, particularly by setting off landslides and rockfalls

China's exports grew 10.7% in Dec amid uncertainty over trade tariffs

Imports surprised to the upside with 1.0 per cent growth, the strongest performance since July 2024

Projected air travel growth runs counter to climate goals, says study

Steps to tame fast-growing air travel could include limiting airport infrastructure growth and corporate travel while increasing taxation on the sector

Global air finance summit in Dublin to address jet shortages, trade risks

Ireland is home to the worldwide aircraft leasing industry, which controls about half the world's airline fleet

Asian shares fall, dollar near 14-month high as inflation, earnings loom

The impact of the jobs report on US rate cut prospects also raised the stakes for consumer price figures

Apple wants to keep its diversity programmes from being disavowed

The National Center for Public Policy, a conservative think tank, submitted a proposal that the company consider abolishing its "Inclusion & Diversity program, policies, department and goals."

Tougher US sanctions to curb Russian oil supply to China and India

Russian oil exports will be hurt severely by the new sanctions, which will force Chinese independent refiners to cut refining output going forward, two Chinese trade sources said

TCS expects retail, manufacturing revival after banking recovery, says CFO

Retail and manufacturing are the second- and fourth- largest revenue contributors to the $29 billion behemoth

Will continue oil, gas projects despite US sanctions, says Russian govt

A ministry statement also said that Russia would respond to Washington's "hostile" actions, announced on Friday, while drawing up its foreign policy strategy

ex-Swiss FM warns of enlarged UBS size following Credit Suisse takeover

Should the bank fail, there are no local rivals left to absorb it, while the cost of nationalisation could severely damage public finances, experts have warned

IMF chief forecasts steady world growth in 2025, continuing disinflation

With inflation moving closer to US Federal Reserve's target, and data showing a stable labor market, the Fed could afford to wait for more data before undertaking further interest rate cuts, she said

US property and casualty insurers' stocks slide as LA wildfire losses mount

J.P.Morgan doubled its forecast of insured losses to over $20 billion