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Biggest rail strike in 30 years over pay and jobs brings UK to standstill

Picket lines appeared at dawn and will be lined by some of the more than 40,000 rail workers who are due to strike on Tuesday, Thursday and Saturday, bringing the network to a standstill

Oil turbulence may last five years, says ExxonMobil CEO Darren Woods

He also pointed out that ExxonMobil is one of the few companies in the US actively investing in refining and had started an aggressive investment programme since 2017

Skincare start-up Mamaearth eyes $3 bn valuation in 2023 IPO: Report

Company, popular in India with its range of 'toxin-free' products last valued at $1.2 bn.

Sri Lanka' May consumer prices soar 45.3% YoY, highest since 2015

A sharp drop in foreign exchange reserves has left the country of 22 million people struggling to pay for essential imports of food, fuel and medicine.

Old is gold: Sky-high cost of ageing ships sounds inflation worldwide

The disruption to world trade caused by pandemic lockdowns and a shortage of new cargo vessels has pushed freight rates for ageing container ships to record highs

Cryptoverse: As crypto markets tumble, lenders face a DeFi drubbing

Crypto lending may not be down and out, but it's certainly on the ropes

Zelenskyy defiant as Russia intensifies attacks in east, seizes territory

Ukraine acknowledged difficulties in fighting in the east of the country as Russian forces captured territory and intensified pressure on two key cities ahead of an EU summit this week

Nomura names Jwalant Nanavati as Southeast Asia investment banking head

Hong Kong-based Nanavati, who joined Nomura nearly four years ago to head its Asia ex-Japan technology, media and telecom (TMT) investment banking team, will take over the new role from July 1

Janet Yellen says gasoline tax holiday worth considering as anti-inflation

Yellen said that research suggested that there was likely a higher pass-through rate for cutting higher state fuel taxes than the generally lower federal taxes

Asian shares rise in early trade as investors pause after steep selloff

Asian stocks and US share futures turned higher on Tuesday as the market took stock after a recent steep selloff

Oil prices rise in early trade on market caution over supply concerns

Oil prices rose 1per cent in early trade on Tuesday, clawing back more of last week's losses as the focus returned to tight supply of crude and fuel products

Emmanuel Macron fights to salvage govt after losing House majority

Macron himself has yet to comment on the election result

Global airlines blast govts for messy coronavirus pandemic response

Airlines have themselves been under fire from governments and consumer groups for disruption as travel demand resumes more briskly than expected

Tata Steel buys coal from Russia weeks after vowing to cut ties: Report

Tata Steel bought 75,000 tonnes of Russian coal in May; company pledged to cut business ties with Russia in April; Tata Steel says coal import deal struck before April decision

Sebi fines Reliance for not promptly disclosing 2020 Facebook deal

In April 2020, Meta's Facebook invested $5.7 billion in Reliance's Jio Platforms

France: Macron's camp seeks allies, says 'it's going to be complicated'

Macron's camp fails to win absolute majority in parliament; will now seek alliances with other parties; risk of political paralysis if no deals

Colombia's first leftist leader targets inequality; investors on edge

The election of a former guerrilla marks a radical change for a country still scarred by decades of conflict and highlights the depth of frustration with the right-leaning political establishment

IMF holds talks in Sri Lanka as cabinet moves to cut president's powers

Sri Lanka's cabinet on Monday approved an amendment to the constitution that could reduce presidential powers, in a move to appease protesters calling for President Gotabaya Rajapaksa to quit

Oil prices stable as market balances recession fears with tight supply

Oil prices have neutralised owing to the balance of recession fears with tight supply in world markets

Europe may return to coal to stave off power shortage as Russia cuts supply

Germany may take 'painful' move to fire up coal power; Italy, Austria also looking at burning more coal; surging gas prices add to already rising inflation