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UK antitrust regulator begins investigation of Vodafone-Hutchison merger

The tie-up announced last year will reduce the number of mobile networks in Britain from four to three

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

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

Tata group and France's Airbus to manufacture helicopters together

France is already India's second largest arms supplier and the South Asian nation has relied on its fighter jets for four decades now

Opec+ unlikely to decide oil policy on February 1, will wait several weeks

Oil prices have found support from more positive sentiment about demand this week and rising geopolitical tensions from attacks by the Iran-aligned Houthi group on Red Sea shipping

Elon Musk's AI start-up seeks to raise up to $6 bn from global investors

Thanks to the popularity of OpenAI's chatbot ChatGPT, the AI industry has been a rare bright spot in a subdued start-up funding environment

Job cuts in Britain 'least bad option', will continue talks: Tata Steel CEO

The steelmaker will close its two blast furnaces in Britain by the end of this year, axing up to 2,800 jobs at its Port Talbot steelworks in Wales

Parboiled rice rates spring to record highs on low supplies, firm demand

Traders noted that domestic supplies are accumulating, and that harvest has begun partially in the Mekong Delta, which is expected to peak in March

Moody's downgrades ratings of 17 Chinese local govt financing vehicles

It left the ratings of nine other Chinese LGFVs unchanged but cut their outlooks to negative too due to the same pressures.

China permits Boeing to deliver 737 MAX 8 to local customers: Report

Boeing on Wednesday delivered its first 737 MAX to a Chinese airline since March 2019 - a 737 MAX 8 registered to China Southern Airlines which is currently on the ground in Hawaii on its way from US

Israeli tanks pound hospitals in Khan Younis forcing displaced to flee

Gaza health officials said at least 50 Palestinians had been killed in the past 24 hours in Khan Younis, where Israel has shifted full-blown military operations after starting to pull forces out

Lloyds bank to cut around 1,600 branch jobs in digital transition

Rival Barclays also slashed thousands of jobs last year, with the majority falling in the bank's back office support unit, Reuters first reported in November

Business Insider to lay off 8% of workforce, to invest in growth verticals

Media companies have been under pressure over the past year as advertisers pull back on spending due to still-high borrowing costs

Microsoft lays off 1,900 Activision Blizzard, Xbox employees: Report

Blizzard President Mike Ybarra and Chief Design Officer Allen Adham are also leaving the company, while a previously announced survival game by Blizzard has been canceled, the report said

No hint of cuts as ECB keeps rates unchanged at record-high of 4%

Investors are betting that the ECB is getting it wrong on both growth and inflation and will be forced to U-turn and deliver five rate cuts in rapid succession from early spring

Tesla set to erase $50 billion in valuation after Elon Musk's sales warning

"The Tesla headlines have essentially gone from bad to worse," said TD Cowen analysts, noting that the fourth-quarter revenue and profit were also below expectations

Dollar up after US GDP data, euro falls after ECB president's remarks

Next week, the Fed is widely expected to stand pat but comments from Chair Jerome Powell will be intensely scrutinized to assess if the U.S. central bank is ready to start cutting interest rates

Blackstone Q4 results: Earnings rise 4% to $1.4 bn as asset sales pick up

Distributable earnings, which represents cash used to pay dividends to shareholders, rose to nearly $1.4 billion in the three months to Dec. 31, up from $1.3 billion a year earlier