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President Biden's job approval ratings drops to 38% as border worries rise

The economy remained Americans' overall top concern, cited by 22% of poll respondents, as they have struggled with inflation and other aftershocks of the COVID-19 pandemic

Gaza's economy post war could take decades to recover, says UN trade body

The United Nations Conference on Trade and Development said the conflict had precipitated a 24% contraction in Gaza's GDP (gross domestic product) and a 26.1% drop in GDP per capita for all of 2023

Novavax announces fresh round of layoffs, plans to reduce 12% of workforce

Novavax said the decision is part of its intention to bring down expenses below $750 million this year, which it had disclosed during its third-quarter earnings call in November

Meta, TikTok, X CEOs face questions on child safety at US Senate hearing

Senator Amy Klobuchar on Wednesday questioned what she said was inaction in the tech industry, comparing it to the response shown when a panel blew out of a Boeing plane earlier this month

Wistron Corp to set up laptop making unit in Karnataka for Rs 1,500 cr

The proposed plant is expected to create around 3,000 jobs and also produce electric vehicle-related parts, a statement from the government said

Oil prices fell due to weak economic activity in leading importer China

Brent crude futures for March, which expire today, fell 90 cents, or about 1.1%, to $81.97 a barrel by 1530 GMT. The more actively traded April contract was down $1.17, or about 1.2%, at $81.33

Go First's lenders to seek extension of insolvency process by 60 days

Under the country's Insolvency and Bankruptcy Code, the National Company Law Tribunal (NCLT) has the authority to extend the resolution timeframe to a maximum of 330 days

Jindal Steel and Power Q3 results: PAT jumps four-fold to Rs 1,928 cr

The company, which has steel, mining and infrastructure businesses, said its consolidated net profit after tax increased to Rs 1928 crore ($232 million) in the three months to Dec. 31, from Rs 518 cr

Mastercard's expense forecast eclipses fourth-quarter profit beat

The forecast follows a 10% jump in fourth-quarter adjusted operating expenses to $2.9 billion, largely due to personnel costs

10-year bond yield declines below 4% as investors await US Fed

The Federal Reserve two-day policy meeting will conclude this afternoon. Markets have priced in a near-certainty that the central bank will leave benchmark interest rates in their current range

Boeing postpones 2024 outlook, CEO says company has 'much to prove'

The 787 production rate was at five per month, Boeing said, adding that it had also resumed 777X production during the fourth quarter

April-Dec fiscal deficit at Rs 9.82 trn, 55% of annual target: Govt

Total expenditure during the period was 30.54 trillion rupees, or about 68% of the annual goal, compared with 28.18 trillion rupees in the same period last year

Dixon Technologies Q3 results: Profit rises 86% on electronics boom

Dixon's consolidated profit climbed to 964.4 million rupees ($11.62 million) for the three months ended Dec. 31 from 519.1 million rupees a year earlier, according to an exchange filing

RBI restricts Paytm Payments Bank from fresh deposits, credit transactions

An audit report revealed "persistent non-compliances and continued material supervisory concerns in the bank, warranting further supervisory action," the central bank said in a release

'Sony, Zee clash over Russia assets, cricket before India merger collapse'

The communications between Sony's legal and M&A executives in India and Los Angeles with top Zee executives provide undisclosed details on the high-stakes backroom tussle

German unemployment edges down by 2,000 to 2.694 million in January

The Federal Labour Office said the number of people out of work decreased by 2,000 in seasonally adjusted terms from December to 2.694 million

TikTok owner ByteDance's chief warns against mediocrity as AI disrupts

ByteDance is often seen as the world's leading company on algorithms because its flagship apps such as TikTok, Douyin and Toutiao are powered by commanding recommendation engines

Sri Lanka's key inflation rises to 6.4% in January on higher sales tax

Food prices rose 3.3% in January from 0.3% in December, the Department of Census and Statistics said in a statement. Prices for non-food items rose 7.9% in January from 5.8% year-on-year in December

Kajaria Ceramics Q3 results: Profit up by 40.2% at Rs 104 cr on demand rise

Separately, Kajaria approved investments of up to Rs 50 crore and Rs 30 crore in Keronite Tiles and Kajaria Ultima to make them a subsidiary and wholly-owned subsidiary, respectively

Adani Wilmar Q3 results: Profit falls 18.4% to Rs 201 cr on weak demand

Subdued demand from institutional clients in the edible oil segment and its lower pricing hurt third-quarter earnings, the Adani group-owned company had said in a quarterly update earlier in January