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China's consumer prices rise for 2nd month, factory deflation persists

Persistent declines in factory-gate prices and export prices, meanwhile, have added to tensions with China's biggest trading partners

US govt to consider concerns about China's Brite in trade sanction list

The concerns were raised in a letter calling on the agency to sanction the company after Reuters reported in December that it was part-owned by blacklisted Chinese chipmaker SMIC

Amazon Web Services owes $525 mn in cloud-storage patent fight: US jury

Chicago-based Kove sued Amazon in the US District Court for the Northern District of Illinois in 2018

NTSB conducting fresh interviews with Boeing on 737 MAX 9 door plug probe

The NTSB plans to hold a public investigative hearing into the Alaska Airlines incident on Aug 6-7

Foxconn considers rotating chief executives in management reshuffle

For companies around the world, the rotating chief executive structure is uncommon, but analysts say it can promote teamwork and prevent leadership from becoming entrenched

Oil consolidates gains amid concerns of worsening Middle East conflict

US Secretary of State Antony Blinken has told Israeli Defense Minister Yoav Gallant that the United States will stand with Israel against any threats by Iran

Stock market holiday: BSE, NSE closed today on account of Eid-Ul-Fitr

The blue-chip NSE Nifty 50 added 0.49% to 22,753.80 on Wednesday, while the BSE Sensex settled 0.47% higher at 75.038.15, led by metals and energy stocks

Looking forward to meeting with PM Modi: Elon Musk confirms India visit

Musk and Modi last met in New York in June, and Tesla for months lobbied India to lower import taxes on electric vehicles while it weighed up a factory there

Yemen's Houthis rebels target four vessels in Gulf of Aden, says spokesman

The Iran-aligned group attacked "MSC Darwin ship, MSC GINA, MV Yorktown" along with the U.S. destroyer, the group's military spokesman Yahya Sarea said in a televised speech

German premium car manufacturers struggle to revive demand in China

Carmakers are facing a challenging year, forecasting stable or lower returns and slower sales growth as they invest in revamping their line-ups to tackle growing competition

EU's new tech laws are working as small web browsers gain market share

In mobile devices that run Android, Chrome browser comes as default and iPhones with Safari, making them the dominant browsers in the market

US consumer prices rise more than expected in Mar amid rises in fuel costs

The consumer price index rose 0.4% last month after advancing by the same margin in February, the Labor Department's Bureau of Labor Statistics (BLS) said on Wednesday

UBS faces tougher rules in Swiss govt's response to Credit Suisse rescue

Switzerland's plan will come under close scrutiny at home and abroad because if UBS were to unravel, there are no local rivals left that could absorb it

SBTi green lights controversial offset for supply chain emissions

Selling credits from wind farms and other activities to a company so it can offset pollution is seen as a way to help move money to climate-friendly projects

KPMG, Deloitte affiliates hit with US civil penalties for exam cheating

The PCAOB permanently barred the KPMG Netherlands' former head of assurance Marc Hogeboom from the industry, chair Erica Williams said

Biden thanks Japan's Kishida for global partnership at White House summit

A red-coated fife-and-drum corps played "Yankee Doodle" and marched before the two leaders during the elaborate arrival ceremony featuring honor guards from each U.S. military branch

Russian air strikes damage electric facilities in southern Ukraine

The Ukrainian grid operator said Wednesday's attacks caused emergency blackouts in the southern regions of Mykolaiv and neighbouring Kherson

Delta Q1 earnings tops Wall Street estimates on buoyant travel demand

Demand is particularly strong for premium travel, benefiting carriers like Delta, which has positioned itself as a premium airline. Recovery in corporate travel is also gathering steam

Gaza aid to resume soon as 1,000 tons of food await delivery, says Cyprus

The U.S. plans to set up a dock, with a target date of May 1, on Gaza's Mediterranean coast that will enable aid deliveries which will be pre-screened in Cyprus, with Israeli oversight

EU extends trade guide on state-led distortions in Chinese economy

It retains the steel, aluminium, chemicals and ceramics sectors of the initial report in 2017. There is no similar EU report for any other country