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CCI's ruling can force rollback of features, hurt business, warns Meta

The CCI has imposed a fine of $24.5 million and a five-year ban on the data sharing practice in India, the biggest market for Meta where it has more than 350 million Facebook users

US consumer prices increase slightly above expectations in December

The consumer price index rose 0.4 per cent last month after climbing 0.3 per cent in November, the Labor Department's Bureau of Labor Statistics said

Israel, Hamas reach ceasefire agreement meant to end 15-month Gaza war

The deal, not yet formally announced, outlines a six-week initial ceasefire phase and includes the gradual withdrawal of Israeli forces from Gaza

Trump team asks three senior American career diplomats to resign: Report

The team overseeing the State Department's transition to the new administration, the Agency Review Team, has requested that Dereck Hogan, Marcia Bernicat and Alaina Teplitz leave their posts

Citi beats estimates for Q4 profit, cuts return targets after 'critical' yr

Shares of the third-largest U.S. lender were last up 5 per cent in premarket trading on Wednesday after Citigroup said its board has authorized a new share repurchase program

Biden bids farewell from Oval Office as Trump looms over his legacy

Biden ran for president in 2020 as a transition figure, but opted at the unprecedented age of 80 to run for reelection, convinced he was the only Democrat who could beat Trump

S Korean investigators question impeached Prez Yoon in insurrection probe

His arrest, the first ever for a sitting president in South Korea, is the latest head-spinning development in one of Asia's most vibrant democracies

Opec forecasts oil demand growth in 2026, lowers estimates for 2024

Opec, in a monthly report, said demand will rise by 1.43 million barrels per day in 2026, a similar rate to the growth of 1.45 million bpd expected this year

Pakistan cuts charging stations' power tariff by 45% to boost EV adoption

The government is also planning to introduce financing schemes for e-bikes and the conversion of two- and three-wheeled petrol vehicles

Wells Fargo profits rise on strong investment banking performance

The US Federal Reserve imposed a $1.95 trillion asset cap in 2018 that prevents Wells Fargo from growing until regulators deem it has fixed failings in its governance and risk management

Goldman Sachs profit surges as investment banking, trading fuel Q4 growth

Profit rose to $4.11 billion, or $11.95 per diluted share, for the three months ended Dec. 31, compared with $2.01 billion, or $5.48 per diluted share, a year ago

Kashmir's saffron farmers experiment indoor cultivation amid climate change

Experts say rising temperatures and erratic rainfall pose a risk to saffron production, which has dropped from 8 metric tons in the financial year 2010-11 to 2.6 metric tons in 2023-24

Gaza ceasefire still elusive as negotiators try to hammer out deal

During months of on-off talks to achieve a truce in the devastating 15-month-old war both sides have previously said they were close to a ceasefire only to hit last-minute obstacles

Saved millions from losing jobs: US Treasury defends Biden's Covid spending

While the US economy had done "remarkably well" in the aftermath of the pandemic, it outperformed other advanced economies and did better than in past recessions, Yellen said

Rupee rebounds after falling to lifetime low, US inflation data in focus

The currency had declined to an all-time low of 86.6475 in the previous session. It recovered on Wednesday, helped by the dollar index's retreat from a more than two-year peak

US importers rush in goods from China as Trump's tariff threat looms

Trump, who has threatened to slap tariffs of 10 per cent to 60 per cent on goods from China, takes office on January 20

Rupee slide raises doubts over rate cuts in February, analysts caution

The weaker currency could add to elevated inflation through costlier imports, while a cut in interest rates could dampen already tepid capital flows

South Korean investigators arrest impeached President Yoon, ending standoff

His arrest, the first ever for an incumbent president, is the latest head-spinning development for one of Asia's most vibrant democracies

Tata Capital raises $400 mn via maiden dollar-denominated bond issue

The non-banking finance company will pay a coupon of 5.3890 per cent on what is its maiden dollar-bond issue

UK watchdog to investigate Google search services to see consumer impact

The Competition and Markets Authority (CMA), which gained a wider remit over big tech this month, said search was vital for economic growth and it was critical that competition was working