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Intel to lay off nearly 17,500 workers, suspend dividend in turnaround push

Intel, which employed 116,500 people as of June 29, excluding some subsidiaries, said the majority of the job cuts would be completed by the end of 2024

Americans freed alongside Russian assassin in biggest post-Cold War swap

After a year of secret negotiations, 24 prisoners were swapped: 16 moved from Russia to the West, and eight from the West to Russia

Indian bonds seen a tad lower, yield holds 6.90% level before debt sale

New Delhi aims to raise 220 billion rupees ($2.63 billion) on Friday through the sale of bonds, which includes 10-year green bonds and a 30-year paper

China central bank adviser calls for greater stimulus, inflation target

China should quicken fiscal spending and policymakers should shift their stance from prioritising investment over consumption, said Huang

Global burger chains to car makers hit as recovery falters in China

China's $18.6 trillion economy grew more slowly than expected in the second quarter, and cautious households are building up savings and paying off debts

India govt bond yields seen a tad lower as US peers sink; debt sale eyed

U.S. Treasury yields sank on Thursday, with the 10-year yields hitting a fresh six-month low in Asian hours on Friday

Rupee near all-time low, RBI intervention expected to limit losses

The rupee had declined to its all-time low of 83.7450 on Wednesday

Warren Buffett offloads more Bank of America shares; sales top $3.8 bn

The sales began after Bank of America's stock price had risen by about two-thirds since late October, and traded at more than 1.2 times book value

Tesla faces lawsuit by family of motorcyclist killed in Autopilot crash

The lawsuit adds to growing scrutiny of Tesla's driver assistant systems Autopilot and Full Self-Driving

China needs more than 'incremental' consumer measures for long-term growth

Trade tensions and local government debt risks leave Beijing few alternatives to revving up consumer stimulus

Apple pins hopes on AI for iPhone upgrades as China sales dwindle

Apple said revenue in its fiscal fourth quarter would grow at a level similar to the 4.9% increase it posted in the April-June period

New Boeing CEO Kelly Ortberg faces big overhaul, from factories to finances

His extensive to-do list includes mending relationships with airlines and employees, boosting output, repairing company finances and securing a labor deal to avoid a possible worker strike

Steelmaker ArcelorMittal's Q2 core earnings slide but ahead of expectations

Steel prices in Europe and the US are below the marginal cost of production and excess output from China has resulted in very low domestic steel spreads and aggressive exports

Shell beats forecasts with $6.3 bn Q2 profit, but shares down by 0.5%

The results were lifted by strong performances in the oil and gas production and retail marketing businesses and the profit was nearly 25 per cent higher than the same time a year ago

Toyota's profit increases 17% to $8.70 bn in Q1 but shares tumble

Toyota has been on a record profit run that has boosted its share price. But its outlook has been complicated by a tough market in China

Small Indian banks back online after ransomware attack, says NPCI

India has about 1,500 cooperative and rural regional banks, which largely serve customers in hinterland areas, one-fifth of which were affected by the attack

Amazon set to join Google, Microsoft's spending surge as AI race heats up

The e-commerce giant's capital investments - mostly for building cloud and generative AI infrastructure - is expected to have risen 43 per cent in the second quarter to $16.41 billion

Volkswagen doubles down on cost cuts to try to revive profit margins

The German group is further reducing production capacity, cutting costs and changing software spending following its investment in electric vehicle maker Rivian

After $4 bn GST notice to Infosys, other IT cos may also get under scanner

In serving its highest-ever tax demand on Infosys, the government accused India's second-largest tech services company of evading taxes and sought Rs 32,000 crore

Godrej Agrovet Q1 results: PAT up 28.3% at Rs 135 cr, total revenue falls

Godrej Agrovet's total revenue from operations fell 6.4 per cent to Rs 2,351 crore while total expenses fell nearly 8 per cent, led by a fall in the cost of materials consumed