Page 385 - Reuters

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

Airlines avoid Mideast airspace, cancel Israel flights as tensions rise

Singapore Airlines on Friday appeared to no longer be using Iranian airspace for any of its routes

World food prices ease slightly in July, says UN; meat, sugar costs up

Prior to July, FAO food price index had risen for four consecutive months after hitting a 3-year low in February as prices receded from a record peak set in March 2022 after Russia invaded Ukraine

Intel shares to fall most in 24 years as it struggles with turnaround

Shares of the company were down about 20 per cent in premarket trading after Intel late forecast quarterly revenue below estimates

Sri Lanka needs to raise fiscal revenue to maintain economic stability: IMF

IMF has also provided Colombo and financial advisors of the country's bondholders an assessment on a provisional deal

Paris Olympics 2024: All you need to know from Leon Marchand to Teddy Riner

Simone Biles won her second gold medal of the Paris Summer Games on Thursday, delivering an electrifying performance

Byju's lender asks court not to quash insolvency proceedings against firm

Glas Trust says Byju and his brother Riju used money owed to lenders to clear the Indian cricket board's dues and that the insolvency proceedings should continue

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