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Brent oil falls as recession fears increase fuel demand concerns

Brent crude futures for September settlement fell by 60 cents, or 0.5%, to $112.89 a barrel by 0638 GMT

Euro slumps to two-decade low against US dollar as recession fears bite

The euro slumped to a two-decade low on Tuesday as the latest surge in European gas prices added to worries about a recession

Rupee touches a new low of 79.14 against US dollar amid CAD concerns

Rupee weakened further in afternoon trade on Tuesday to touch a fresh record low against the US dollar as concerns of a wider current account deficit came to the forefront

India expands biofuel tax benefits for ethanol and vegetable oils

India has expanded the excise duty exemption for biofuels to encourage the blending of higher proportions of ethanol and components of vegetable oil with gasoline and diesel, a government order said.

Asian stocks inch higher; growth, inflation fears keep buyers at bay

MSCI's gauge of Asia Pacific stocks outside Japan was up 0.3%, having erased part of the early morning gains

Copper prices hit 17-month low over China restrictions, says report

Benchmark copper on the London Metal Exchange (LME) was down 0.8% at $7,982 a tonne at 1602 GMT

No experience, no resume and you're hired! Hotels fight for staff

Europe's largest hotelier Accor is running trial initiatives to recruit people who haven't previously worked in the industry

Sell premium: Thailand against discounts, wants high-value tourists

Thailand welcomed a record of nearly 40 million visitors in pre-pandemic 2019

India's record $25.6-bn trade deficit in June adds pressure on rupee

Rupee has plunged 6% against the dollar this year, weighed down by broad strength in the greenback and as investors retreated from domestic share markets

US dollar weakens against euro, sterling in quiet trading session

By Joice Alves

Global stocks rise in holiday mood on resilient oil; Nikkei up 0.84%

Global stocks have risen banking on a US holiday mood, with oil prices recover based on tight supply balancing US recession fears

Gold edges lower as July rate hikes loom; silver near lowest level in 2 yrs

Gold is currently ranging above $1,800 backed by Treasury yields and the spike in US dollar strength

Rebound in oil prices gives world stocks a lift in holiday trade

A rebound in oil prices on concerns of tight supply gave world stocks a lift on Monday in a session hit by a US holiday

Maruti Suzuki to phase out pure petrol-powered cars in 10 years: Report

Automaker Maruti Suzuki India Ltd will phase out vehicles that run completely on petrol in seven to ten years, the Economic Times newspaper reported on Monday, citing a senior executive

India to drop windfall tax if oil prices fall $40 a barrel: Revenue Secy

The windfall tax on firms that have increased product exports to gain from higher overseas margins took effect on July 1, as the government moves to boost domestic supply and revenue

Monsoon rains cover entire India but still 5% down on average so far

The progress of the monsoon, which delivers about 70% of the country's annual rainfall, is crucial for rice output and exports from India

Google to pay $90 million to settle lawsuit with app developers

The lawsuit was filed in San Francisco

China takes fresh steps to open $20 trillion bond market to foreigners

Overseas investors reduced holdings of Chinese bonds for a fourth consecutive month in May, as diverging monetary policies kept Chinese yields pinned below their US counterparts

European Union approves rules to tame 'Wild West' crypto market

Globally, crypto assets are largely unregulated, with national operators in the EU only required to show controls for combating money laundering

Meta Platforms slashes hiring plans, girds for 'fierce' headwinds

Meta confirmed hiring pauses in broad terms last month, but exact figures have not previously been reported