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Amazon says exports from India-based sellers to cross $5 bn in 2024

Such items are usually easy to post directly to customers abroad and less affected by import taxes than costlier products

Verizon to buy Frontier in $20 bln deal to boost US fiber network

Verizon has offered $38.50 per share, representing a premium of 37.3% to the closing stock price of Frontier on Sept. 3, a day before reports of a potential acquisition first emerged

Opec+ may agree to delay October oil output hike for two months: Report

The news lifted oil prices by over $1 a barrel, with Brent futures trading over $74 before paring gains. It fell to its lowest this year on Wednesday

Cash could stay attractive for months despite rate cuts, says JP Morgan

In 2001 and 2019 - an aggressive and shallow rate-cutting cycle, respectively - the spread turned positive about three months after the first cut

Verizon to buy Frontier in $20 billion deal to boost fibre network

Frontier shares, which had surged nearly 38 per cent in the previous session, fell below Verizon's offer price in premarket trading to $35.14, while Verizon climb­ed about 1 per cent

Russia wants to keep gas transit via Ukraine to Europe: Vladimir Putin

Putin said that Gazprom's main consumers in Europe did not seem to want the transit agreement to end even though they provided military assistance to Ukraine

US weekly jobless claims fall amid low layoffs on upright labour market

A step-down in hiring, which pushed the unemployment rate to a near three-year high of 4.3 per cent in July rattled investors and fanned concerns that a recession was stalking the economy

President Emmanuel Macron aapoints Michel Barnier as new French PM

The Far-Right National Rally (RN), parliament's biggest single party, indicated it would not block Barnier for now, but could do so later if a range of demands were not met

US, Britain, EU to sign first legally binding international AI treaty

The AI Convention, which has been in the works for years and was adopted in May after discussions between 57 countries, addresses the risks AI may pose, while promoting responsible innovation

China's central bank sees room to cut reserve buffers to boost economy

The central bank would watch developing economic trends before making any adjustments, Zhou said, adding that the bank was closely monitoring policy changes in major economies

Failed to slow Russia's eastern advance: Putin on Ukraine's Kursk incursion

Putin, speaking at the Eastern Economic Forum in Vladivostok, said that Russian forces were now gradually pushing Ukrainian soldiers out of Kursk, where on Aug. 6 Ukraine launched the biggest attack

China property developer Country Garden makes PwC resign as auditor

PwC has been in focus over its role in auditing China Evergrande Group which was accused of a $78 billion fraud, triggering a client exodus, cost cuts and layoffs

Fitch changes global reinsurers' outlook to 'neutral' from improving

Reinsurers, which insure the insurers, have raised their rates in recent years in response to losses from the Covid-19 pandemic, wars and natural catastrophes

Google limits on Android Auto access may breach EU rules: Court adviser

Google's refusal to provide third-party access to Android Auto platform may be in breach of competition rules, Court Advocate General Laila Medina said

Kamala Harris' tax plan may cut down 5% of corporate profits: Goldman Sachs

On Wednesday, Harris said Trump's plans would cut off federal programs that offer loans to small businesses, cut the corporate tax rate and push the US deficit higher

With low sales, auto dealers worry about offering further discounts

The double whammy of higher inventory costs and deeper discounts is a nightmare for auto dealers as that has a direct impact on their profit margins

China's Xi boosts Africa financing by $51 billion, offers a million jobs

China and Africa account for one-third of the world population, without our modernisation, there will be no global modernisation, Xi said

Gen AI boosting productivity of Indian IT industry's rising niche: TCS exec

Generative AI has taken centre stage in the space and clients are replanning budgets and product features, Chakravarti said

Travel agency Easy Trip Planners to make electric buses; shares jump 14%

This move aligns with our growth plans to expand the non-air business and will help us establish a strong foothold in the growing EV and eMobility sector, said Rikant Pittie, EaseMyTrip's co-founder

Data InvIT raises nearly $1 bn in rare bond deal to fund ATC India purchase

Canada's Brookfield Asset Management had said at the start of the year that it would buy ATC's India operations, ATC Telecom Infrastructure, for $2.5 billion via the trust