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EY evaluating strategic options to improve audit quality, says CEO

London-based EY is one of the Big Four accounting firms along with Deloitte LLP, PricewaterhouseCoopers and KPMG that audits companies, which also pay fees for consulting and advisory work

Amazon opens first physical clothing store in Los Angeles: Report

Called Amazon Style, the shop is located in Glendale, California, near Los Angeles

Russian central bank slashes key rate to 11%, sees room to cut further

It announced the move at an extraordinary meeting after cutting the key rate to 14 per cent in April

Chipmaker Broadcom to buy cloud services firm VMware in $61-bn deal

VMware shareholders will get $142.50 per share under the purchase, resulting in a premium of nearly 49% to the stock's close on May 22, when talks of the deal were first reported

UK imposes 25% energy windfall tax to help households as bills surge

It is the second emergency policy intervention to help with rising bills this year

Britain's regulator launches second probe into Google's ad practices

The Competition and Ma­rkets Authority's (CMA) latest probe follows its investigation into Google and Faceb­ook owner-Meta's "Jedi Blue" agreement earlier this year

Shell may sell Russian LNG plant stake to Indian consortium: Report

Shell seeks to sell 27.5% stake in Sakhalin-2 plant; Shell in talks with group of several Indian firms, say sources

Chinese tech firms forced into 'blood listings' as capital dries up

Public offerings at slashed valuations could translate into losses for venture capitalists in late funding rounds

India asks power producers to seek weekly payments to manage coal imports

By Sudarshan Varadhan

Oil prices jump 3% to 2-month high as EU seeks to ban Russian supply

By Scott DiSavino

Elon Musk sued by Twitter investors for delayed disclosure of stake

The investors said Musk saved himself $156 million by failing to disclose that he had purchased more than 5% of Twitter by March 14

Taiwan raids Chinese firms in latest crackdown on chip engineer-poaching

Taiwan has ramped up a campaign to counter illegal poaching by Chinese companies in what the island sees as a threat to its chip expertise

Wall Street surges over 1.5% on upbeat forecasts from retailers, Fed relief

Macy's, Dollar General climb after forecast raise; weekly jobless claims fall, Q1 economic contraction confirmed

'Thank God,' says Putin on exit of some foreign companies from Russia

Putin has cast the invasion of Ukraine as a turning point in Russian history: a revolt by Moscow against the United States, which he says has humiliated Russia since the 1991 fall of the Soviet Union

Shareholders re-elect McDonald's directors, Icahn loses board battle

Preliminary tallies showed shareholders backed all 12 of McDonald's directors and that Icahn's two nominees received approximately 1% of the vote, the company said.

ONGC to sell stake, seeks global oil firms' help to develop fields

The deadline for submitting expressions of interest is June 16, ONGC said in a tender document on its website

WEF 2022: Globalisation's cheerleaders grasp for new buzzwords at Davos

By Dan Burns and Leela de Kretser

Back to snow: World Economic Forum reverts to Jan for 2023 annual meeting

By Aditya Kalra and Dmitry Zhdannikov

Alibaba beats revenue estimates on demand for niche China shopping services

The company, however, said it would not issue a forecast for the new fiscal year, citing pandemic-related risks and uncertainties

Oil price climbs on tight supply, prospect of EU ban on Russian supply

By Ahmad Ghaddar