Page 519 - Reuters

Egypt setting up area at Gaza border for Palestinians to take shelter

One of the sources said Egypt was optimistic talks to clinch a ceasefire can avoid any such scenario, but is establishing the area at the border as a temporary and precautionary measure

Small Indian exporters reel as Red Sea crisis helps rivals nab business

Re-routing via the Cape of Good Hope has meant ships sailing from India will often need an extra 15-20 days before reaching destinations in Europe, greatly increasing costs

Workers at Apple supplier Flex stage one-day strike, seek wage hike

The workers requested wage raises for the next three years but could not reach an amicable resolution, according to the letter

SBI seeks lower reserve requirement for green deposits, says chairman

"We have put across the asks. One, of course, is a reduction in CRR for green deposits and second, if at all as a policy it can be incorporated," Khara said

Mahindra & Mahindra to use Volkswagen electric components, battery cells

The Indian company will be the first external partner to use the unified cell, a new cell technology that Volkswagen plans to use for 80% of its battery cells and promises will reduce costs by half

GM's Cruise hardware chief resigns in latest exit post operation suspension

Jenkins, the senior vice president for autonomous vehicle platforms, is leaving after six years with the company, he said in a post on LinkedIn

More time needed to weigh prospect of rate cut: Fed's Raphael Bostic

My expectation is that the rate of inflation will continue to decline, but more slowly than the pace implied by where the markets signal monetary policy should be, he said

Google to initiate anti-misinformation campaign ahead of EU elections

Viewers watching the ads on YouTube will be asked to fill in a short multiple-choice questionnaire, designed to gauge what they have learned about misinformation

OpenAI introduces AI model 'Sora' that turns text into minute-long videos

Social media giant Meta Platforms beefed up its image generation model Emu last year to add two AI-based features that can edit and generate videos from text prompts

Ukraine needs $486 bn to rebuild after nearly 2 years of war: World Bank

Disruptions to economic output and trade, as well as other war-related costs, such as removing debris, would likely add another $499 billion, it said

US warned allies about Russian space, nuclear capabilities: Report

The new capabilities, related to Russian attempts to develop a space-based weapon, do not pose an urgent threat to the United States, the source said

US retail sales decline sharply in Jan, weekly jobless claims fall

Retail sales dropped 0.8% last month, the Commerce Department's Census Bureau said on Thursday, also likely weighed down by winter storms

German economy to shrink by 0.5% in 2024 on weak domestic demand: Report

A DIHK poll of more than 27,000 companies showed that of those surveyed, 35% expect business to deteriorate in the next 12 months with only 14% expecting an improvement

US Federal Reserve releases scenarios for 2024 bank "stress tests"

Fed's annual 'stress tests' dictate how much capital banks need to be healthy and how much they can return to shareholders via share buybacks and dividends

The Independent in talks to take control of BuzzFeed, HuffPost: Report

The Independent will assume all editorial and commercial control of BuzzFeed in the UK under a licensing deal for its various brands, according to report, which cited people familiar with the talks

FB, Instagram to charge Apple service fee for posts 'boosted' via iOS apps

Advertisers will be able to boost their content on Instagram and Facebook via a browser without paying the Apple service charges, the social media giant said

Govt hikes windfall tax on petroleum crude to Rs 3,300 a tonne from Feb 16

It will also increase a windfall tax on diesel, that had been reduced to zero, to 1.50 rupees a litre, the order showed

Pfizer agrees to pay $93 million to settle Lipitor antitrust lawsuit

Attorneys for Lipitor purchasers including Rochester Drug Co-Operative Inc and Puerto Rico's Drogueria Betances LLC disclosed the agreement in a filing on Wednesday in US court in Trenton, New Jersey

JPMorgan Chase, State Street drop out of largest investor climate group

The changes "are not consistent with our independent approach to proxy voting and portfolio company engagement," said State Street spokesman Randall Jensen

RBI orders Visa to stop unauthorised B2B card payment system: Report

Business-to-business payments via cards include payments by businesses to their vendors and in some cases tax payments by small units