Page 882 - Reuters

Sequoia India asks court to dismiss lawsuit by its former counsel

Sequoia has been locked in a legal battle with Sandeep Kapoor, after he included the company in a defamation lawsuit against media companies that reported on a leaked Sequoia email of June 2

Fed Guv Waller backs another big rate hike for 'all in' inflation fight

Federal Reserve Guv Christopher Waller became the latest US central banker to pledge a whatever-it-takes approach to fighting inflation, three days after the Fed raised interest rates by 75 bps

France votes, with Macron facing tough battle for control of parliament

Projections from voting expected at 1800 GMT; Macron needs 289 seats for absolute majority in parliament * pollsters say he may fall short as smaller parties make gains

NATO warns of long Ukraine war as Russian assaults follow EU boost for Kyiv

The head of NATO said on Sunday the war in Ukraine could last years and Ukrainian forces faced intensified Russian assaults

India's Russian coal buying spikes as traders offer discounts: Report

Government data shows buying May 27-June 15 was up 6-fold; US says it does not want to see a 'rapid acceleration'.

Bitcoin drops below $20,000 to lowest since Dec 2020 as investors flee

The digital currency sector has been pummelled this week after cryptocurrency lending company Celsius froze withdrawals.

FDA opens way to Covid-19 vaccine for children under five: Report

Pfizer's is already authorized for those over the age of 5

India likely to impose ceiling on next season's sugar exports: Report

It has capped current season's sugar exports 10 mn tonnes, wants ample local supplies.

Oil prices drop 2% on recession concerns, heading for weekly fall

The US government said while it is pursuing diplomacy to revive a nuclear deal with Iran, it will continue to use sanctions to limit exports of oil from Iran

Omicron less likely to cause long Covid than previous variants: UK study

The figure varied depending on the patient's age and the timing of their last vaccination

Oil slumps 5%, US gasoline price drops 6% as dollar reaches record high

With the Fed expected to keep raising interest rates, open interest in WTI futures on the New York Mercantile Exchange fell on Thursday to its lowest since May 2016

Reliance considers buying out cosmetic firm Revlon in US: Report

The report comes as Revlon filed for bankruptcy earlier this week after global supply chain disruptions drove up raw material costs and prompted vendors to demand upfront payments

Indian gold discounts narrow, Covid-19 curbs keep leash on China demand

With demands falling post-wedding season in India, Indian gold discounts have currently grown slim. Moreover, gold demand in China has also lessened possibly due to the Covid-19 restrictions imposed

Elon Musk's SpaceX fires at least five for letter criticising him: Report

SpaceX is reported to have around five employees who have sent out a letter against CEO Elon Musk on grounds of making other staffs feel 'bullied'.

Oil rises on tight supply and Iran sanctions, though rate hikes weighs

Brent crude was up $1.13, or 0.9%, to $120.94 a barrel at 1016 GMT, and U.S. West Texas Intermediate (WTI) crude had gained $1.03, or 0.9%, to $118.62

Week of rate hikes has stocks on course for steepest slide since 2020

World stocks are down 5.7% for the week so far, on course for the steepest weekly percentage drop in more than two years

Sequoia India grapples with fallout from several governance issues

The Silicon Valley firm has invested $5.5 billion in India and, since 2017

WTO approves package of trade agreements, prompting cheers from delegates

At one stage, a series of demands from India appeared set to paralyse talks but accommodations were found, trade sources said

Ferrari boss promises electric means building 'even more unique' cars

Ferrari and its rivals also sell an emotional experience to wealthy customers currently centred on the throaty roar of that powerful engine

Global food crisis set to drive record displacement levels higher, says UN

A report by the UN body showed on Thursday that some 89.3 million people were forcibly displaced worldwide as a result of persecution, conflict, abuse and violence at the end of 2021