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Intel CEO Pat Gelsinger steps down in less than 4 yrs after taking helm

Gelsinger, who resigned on Dec. 1, left the company before the completion of an ambitious and costly four-year plan to restore the company's lead in making the fastest and smallest computer chips

US manufacturing improves in Nov as orders rebound, input price gains slow

The Institute for Supply Management (ISM) said on Monday its manufacturing PMI increased to 48.4 last month from 46.5 in October, which was the lowest level since July 2023

Base year for GDP calculation to be changed to FY23: Govt tells Parliament

Government informed Parliament that an advisory committee on national accounts statistics has been formed to identify new data sources and advise on the methodology for the revised series

Fed's Jerome Powell may have made US monetary policy boring again

For all potential controversy around the Fed posed by Donald Trump's victory in the Nov. 5 election - hints, for example, that the U.S. president-elect might rekindle his first-term feud with Powell

Bangladesh halves power buying from Adani Power amid payment dispute

An Adani Power spokesperson said the firm was continuing supply to Bangladesh, although mounting dues were a significant concern, making plant operations unsustainable

Gold prices drop 1% after four sessions of gains as US dollar strengthens

The dollar index gained 0.5 per cent, on track for its best day in over a week, making greenback-priced bullion more expensive for holders of other currencies

RBI ballooning NDF position suggests more rupee losses, say bankers

The Reserve Bank of India's aggregate short foreign currency in forwards and futures position jumped three-fold to $49.2 billion from September to October, official data showed on Friday

No indication of B'desh reviewing power deal: Adani Power amid indictment

Reuters reported on Sunday that Bangladesh wants to sharply lower prices under the deal with Adani Group, unless it is cancelled by a court that has called for an investigation into the 25-year deal

Latest US crackdown on China's chips hits semiconductor toolmakers

Effort to hobble Beijing's chipmaking ambitions will also hit Chinese chip toolmakers Piotech and SiCarrier Technology with new export restrictions as part of the package

Workers of nine Volkswagen plants to strike as labour battle escalates

Labour union last week proposed measures it said would save 1.5 billion euros ($1.6 billion), including forgoing bonuses for 2025 and 2026, which Europe's top carmaker dismissed

UN calls for $2.6 trillion investment to reverse land degradation by 2030

To hit $2.6 trillion - approaching the annual economic output of France - the world needs to close an annual gap of $278 billion, after just $66 billion was invested in 2022, the UN said

MAS fines JPMorgan $1.8 mn over misconduct by relationship managers

MAS said in a statement that JPMorgan Chase did not have adequate processes and controls to ensure that relationship managers adhered to pre-agreed spreads with clients

Russia's drone attack on Ternopil kills one, says Ukraine's military

Ternopil and its surrounding region were under air raid alerts for a couple of hours starting soon after midnight on Monday, according to data provided by Ukraine's air force

Around 25 killed as Russia, Syria intensify bombing Syrian rebel territory

Ten children were among the dead in the air strikes in and around Idlib and other targets in rebel-held territory near Aleppo, according to the White Helmets

Joe Biden begins long-awaited Africa trip to secure win against China

At stake are vast supplies of minerals like copper and cobalt, which are found in Congo and are a key component of batteries and other electronics, and China is the top player in Congo as of now

Home prices in India to rise 6.5% in 2025 due to demand from wealthy: Poll

After rising 4.3 per cent last year, home prices in India - broadly referring to housing in major cities - were expected to rise 7.0 per cent this year, 6.5 per cent in 2025 and 7.5 per cent in 2026

Outgoing President Biden pardons son Hunter despite previous pledges not to

The White House had said repeatedly that Biden would not pardon or commute sentences for Hunter, a recovering drug addict who became a target of Republicans, including President-elect Donald Trump

Bangladesh wants to renegotiate Adani Power deal unless court cancels

The deal was signed in 2017 by Adani and a government entity under Prime Minister Sheikh Hasina, who was ousted this year amid a popular uprising and accusations of widespread corruption

Volkswagen workers to go on warning strikes at plants across Germany

"If necessary, this will be the toughest collective bargaining battle Volkswagen has ever seen," IG Metall negotiator Thorsten Groeger said in a statement

Battle over curbing plastic output jeopardises hopes of UN treaty

The fifth and final U.N. Intergovernmental Negotiating Committee meeting to yield a legally binding global treaty was set to wrap up in Busan, South Korea, on Sunday