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Union Budget 2024: India likely to register 7% economic growth in FY25

Finance Minister Nirmala Sitharaman will present the budget on Feb. 1, factoring in the growth projections

No links with drone strike in Jordan that killed US soldiers: Iran

The attack is a major escalation of the already tense situation in the Middle East, where war broke out in Gaza after an attack by Palestinian Islamist group Hamas on Israel on Oct

American-led negotiators close in on Gaza agreement to halt fighting

"The abhorrent alleged acts of these staff members must have consequences," Secretary General Antonio Guterres said Sunday, referring to the UN Relief and Works Agency

US to announce billions in subsidies for advanced chips, says report

Among the likely recipients of the subsidies, Intel has projects underway in Arizona, Ohio, New Mexico, and Oregon that will cost more than $43.5 billion, the paper said

YES Bank's Q3 net rises to Rs 231 cr helped by drop in loan-loss provisions

India's Yes Bank said third-quarter net profit more than quadrupled, helped by a drop in loan-loss provisions and healthy growth in loans, but the result still fell short of expectations

Oil settles at highest in nearly eight weeks on strong economic growth

Both benchmarks made weekly gains of more than 6%, marking their biggest weekly increase since the week ending Oct. 13 after the start of the Israel-Hamas conflict in Gaza

Global stock index edges up, dollar falls after US inflation reading

The MSCI world equity index, which tracks shares in 49 nations, gained 0.12%, after earlier hitting its highest level in almost two years

Oil edges higher, on track for weekly gain on strong economic growth

Brent crude futures were up 53 cents, or 0.7%, at $82.93 a barrel by 1:48 p.m. ET (1848 GMT), and touched $83.57, their highest price since November

Adani to start data collection for Mumbai slum redevelopment in February

The survey will be done in two parts with a pilot phase first executed within three to four weeks with a few hundred residents. The full exercise will take nine months

H&M to shut a quarter of Spanish stores and lay off 588 employees

The company will carry out the layoffs for unspecified organizational, productive and economic reasons, unions CCOO and UGT said in a joint statement

Protesting over poor prices, French farmers block road linking France-Spain

The protests are now affecting traffic trying to cross into France from Spain on the AP-7 highway that runs along the Mediterranean coast from southern Spain to the frontier

Apple faces 'strong action' if App Store changes fall short, says EU

In a move designed to comply with the EU's incoming Digital Markets Act (DMA), the company will soon allow software developers to distribute their apps to Apple devices via alternative stores

US antitrust inquiry targets OpenAI, Anthropic's deals with big tech firms

In a statement, Microsoft said it would provide the FTC information to complete its review and that collaboration by American companies put the US ahead in AI

China presses Iran to rein in Houthi attacks in Red Sea, says report

Freight through Suez Canal down 45% since Houthi attacks

Israel must take steps to prevent acts of genocide in Gaza, says ICJ

South Africa brought the case to the International Court of Justice (ICJ) earlier this month, asking it to grant emergency measures to halt the fighting, which has killed more than 26,000 Palestinians

UK's ruling party chairman hints at tax cuts in March and later in year

Finance minister Jeremy Hunt is due to set out his fiscal plans in an annual budget statement scheduled for March 6

Italy's debt risk premium hits 21-month low as traders eye rate cuts

Italian bonds have benefited from investors' hopes that interest rates will fall sharply this year, reducing pressure on the euro zone's more indebted countries

Israel's El Al airline suspends South Africa route over World Court case

'Israelis don't want to fly to South Africa,' said an El Al spokesperson. "They are cancelling flights and planes are pretty empty... We understand it's the situation because it was different before

Tesla to recall 200,000 vehicles in US to fix rearview glitch: Report

The development comes less than two months after the company recalled nearly all its vehicles in the United States to install new safeguards in its Autopilot advanced driver-assistance system

American Express misses Q4 profit estimates on higher loan loss provisions

Eleven rate hikes by the U.S. Federal Reserve have made borrowing expensive and increased risks of more defaults, especially as credit card debt is typically costlier than other loans