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ChatGPT maker OpenAI likely considering to take on Google with browser

The move could pit the Sam Altman-led company against Google, which commands the lion's share of the browser and search market

Forex reserves see sharpest weekly drop on record, hit over four-month low

The reserves fell by $17.8 billion in the week of Nov. 15 - the most since available data starting 1998 - to $657.89 billion, data from the Reserve Bank of India (RBI) showed on Friday

Hypersonic missile strike on Ukraine was a warning to reckless West: Russia

Kremlin spokesman Dmitry Peskov was speaking a day after President Vladimir Putin said Moscow had fired the new missile

India to offer $4-$5 bn incentives to boost electronics, cut China reliance

India's electronic production has more than doubled in the last six years to $115 billion in 2024

Adani Group faces funding concerns after US indictment against founder

Research firm CreditSights highlighted refinancing for the conglomerate's green energy business, which is at the centre of the allegations, as its biggest near-term concern

RBI asks some lenders to reduce speculative positions against rupee

While the RBI has previously stopped banks from adding long positions on the dollar-rupee, they have not asked them to cut positions in recent years

Indian banks' credit risk from Adani exposure seems contained: JPMorgan

Adani Group has said the accusations are baseless and that it will seek all possible legal recourse

European companies cut jobs amidst difficult economy, weak demand

Companies across Europe are being forced to freeze hiring or cut jobs on difficult economy and persistent weak demand for many products

UK retail sales plunged more than expected before new govt's budget: ONS

A monthly rise in sales in September was also revised down to 0.1 per cent from a previous estimate of a 0.3 per cent gain

Global banks weigh halting fresh credit to Adani Group after US indictment

The most likely liability facing the banks is civil liability from investors introduced to Adani through the banks

Rupee falls below 84.50/$ for first time on dollar strength, outflows

The gains paused earlier in the week but restarted on Wednesday due to heightened geopolitical risks and after the Federal Reserve officials signalled caution on rate cuts

Goldman Sachs expects oil prices to remain around $80/bbl in 2024

Oil prices rose on Friday, with Brent futures reaching $74.37 after Russia announced it had fired a ballistic missile at Ukraine and warned of a potential widening conflict

Adani's Australian coal unit faces human rights complaint for racism

Complaint details how Adani employees verbally and physically obstruct and prevent 'members of the Aboriginal group from accessing springs near Adani's Carmichael coal mine' to perform cultural rites

South Korea's 'mountain' of plastic waste highlight limits of recycling

Bi-monthly MIT Technology Review magazine has rated South Korea as 'one of the world's best recycling economies', and the only Asian country out of the top 10 on its Green Future Index in 2022

Rupee hits record low as US dollar climbs, portfolio outflows continue

Rupee weakened to 84.4975 per US dollar in early trading on Friday, eclipsing its previous all-time low of 84.4925 on Thursday

Japan's core inflation at 2.3% in Oct, slows but stays above BOJ target

Increase in the nationwide core consumer price index (CPI), which includes oil products but excludes fresh food prices, compared with a median market forecast for a 2.2 per cent gain

Willing to talk with US to push forward bilateral trade, says China

China is also willing to 'expand areas of cooperation and manage differences' with the US, vice commerce minister Wang Shouwen said

Trump considers Kevin Warsh for Treasury Secretary, later Fed chairman

Potential arrangement was discussed between Trump and Warsh, a former investment banker who served on the Federal Reserve Board, at Trump's Mar-a-Lago retreat

India bond yields seen rising ahead of debt supply, US yields stay high

Benchmark 10-year bond yield is likely to move between 6.81 per cent and 6.85 per cent till the completion of the auction, compared with its previous close of 6.8329 per cent

Donald Trump's return may extend US stocks' dominance over global rivals

Though US stocks have outperformed their counterparts for more than a decade, the valuation gap has widened this year thanks to resilient economic growth and strong corporate earnings