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Global oil prices jump over 1% on drone attack on Saudi Aramco facilities

Saudi Arabia said earlier that two of its oil tankers were among those attacked off the coast of the UAE on Sunday, incidents which ratcheted up tensions in the world's top oil exporting region

Monsoon to arrive on Kerala coast on June 4, deliver less rainfall: Skymet

Rains usually lash Kerala state around June 1 and cover the whole country by mid-July. Timely rains trigger planting of crops such as rice, soybeans and cotton

Indian industry fears dumping of Chinese steel, seeks govt protection

China could soon start flooding excess steel into its market after the United States raised tariffs on Chinese products due to the escalating trade war, fears Indian industry.

Sri Lankan techie flagged by India key in Easter attacks, say investigators

Four sources in Sri Lankan investigating agencies said they believed Aadhil Ameez was the link between two groups that carried out the attacks on churches and hotels that killed more than 250

Tencent Music says paying subscribers drove up profits in first quarter

Tencent Music expects its decision to shift more music behind a paywall, including music from popular Taiwanese singer Jay Chou, to bring in more revenues

Bayer stock at lowest in seven years after $2-bn settlement in Roundup case

The jury awarded a total of $2 billion in punitive damages and $55 million in compensatory damages

Bitcoin over $8,000: Reason for rally eludes cryptocurrency market

Bitcoin was last up nearly 17% at $8,131 on the Bitstamp exchange, the largest daily percentage jump since early April

US retailers reinvent loyalty programs to fend off challenge from Amazon

Loyalty programs have long relied on a simple concept - reward shoppers with coupons, discounts, prizes or air miles and they will come back

Facebook raises minimum pay for contract workers to $20 per hour in US

The company raised its minimum wage to $20 per hour in the San Francisco Bay Area, New York and Washington DC and to $18 per hour in Seattle

Who's with whom? Parties seek partners as Lok Sabha election nears end

The seven-phase election started on April 11 and ends on May 19. Below is how India's biggest parties are aligned

Wall Street shudders as US-China trade war intensifies; Dow falls 600 pts

All three major US indexes lost ground in a widespread sell-off, with the tech-heavy Nasdaq posting its biggest one-day percentage loss this year

Trade war: China hits back at US with tariffs on goods worth $60 billion

The tariffs will take effect on June 1, according to a statement on the Ministry of Finance's website

Oil prices fall 1% with Wall Street on trade war, give back early gains

Oil was pressured by a slump in stocks and other risk assets as investors moved into safe havens like Treasury bonds in response to the intensifying US-China trade war

Nivea-maker Beiersdorf buys sun care brand Coppertone for $550 million

Beiersdorf'sNivea Sun is a leading sun care brand in Europe and its Eucerin brand also makes sun care products

Congress vows to 'clean up' economic data collection if it wins election

The Modi government has acknowledged that there are deficiencies in its data collection, but adds there has been no impact on GDP estimates

US Supreme Court rejects Apple's bid, allows anti-trust lawsuit to proceed

Apple shares were down about 5% after the justices, in a 5-4 ruling, upheld a lower court's decision to allow the proposed class action lawsuit to proceed

US threatening existence of WTO, harming its 'reform proposal': China

China did not name US, but referred to the block on appointment of WTO appeals judges and "national security" tariffs on aluminum, steel and cars, policies uniquely associated with Washington

Only one Indian buyer of Iran takes up Saudi's offer of extra oil: report

In June, Saudi Arabia will supply an additional 250,000 tonnes (2 million barrels) of oil to Mangalore Refinery (MRPL) on top of its normal requirement of about 320,000 barrels

China will be hurt badly if it retaliates against tariffs, says Trump

The US President tweeted that companies will be forced to move out of China to save on expenses

Amazon introduces new machines that pack orders and replace jobs

This shows Amazon is pushing to reduce labour and boost profits. The changes are yet to be implemented as vetting these changes take a long time.