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World stocks set for consecutive weekly gains for first time in 2022

World stocks are headed for a second consecutive week of gains for the first time in 2022 though sentiment was broadly cautious as markets evaluated the economic risks from the Fed Reserve's policy

New rules for US tech giants to come into force in October: EU's Vestager

Tough new rules targeting US tech giants agreed late on Thursday are expected to come into force in October, EU antitrust chief Margrethe Vestager said

Vistara in talks with lessors to fill long-haul gap amid 787 delays

Vistara is in talks with lessors about getting long-haul planes to cover a gap left by delays in Boeing 787 deliveries, chief executive Vinod Kannan said

Ukrainian forces advance east of Kyiv as Russian troops fall back

Ukrainian troops are recapturing towns east of the capital Kyiv and Russian forces who had been trying to sieze the city are falling back on their overextended supply lines, Britain said

Maldives ex-president Yameen plots comeback with 'India Out' campaign

A former Maldives president jailed on corruption charges has returned to politics with a campaign against Indian influence in the country, worrying New Delhi, which is battling China

Yen bounces as BoJ drags heels on bond buying; export prices remain high

After touching a six-year low of 122.44 per dollar in the morning, by the Tokyo afternoon the yen had snapped a five-day losing streak and was up as far at 1% to 121.18

India could restrict sugar exports to augment local stocks: Report

India is considering restrictions on sugar exports for the first time in six years and may cap exports at around 8 million tonnes in an effort to prevent domestic prices surging

FAA warns Boeing may not win certification for 737 MAX 10 by 2022: Report

The US FAA warned Boeing Co earlier this week the planemaker may not gain certification of a lengthened version of the 737 MAX ahead of a key safety deadline set by Congress

Weak local currencies rein in India, Thai rice export rates

India's 5% broken parboiled variety was quoted at $367 to $370 per tonne, down from last week's $371 to $378, edging lower on a depreciation in the rupee amid steady demand from key buyers

Meta inks partnership with VNTANA for 3D ads in step towards the metaverse

Meta previously partnered with augmented reality (AR) companies Modiface and PerfectCorp to help beauty and cosmetic brands more easily run 3D and AR advertising

Oil prices drop as supply crunch fears ease, trading costs rise

Oil prices fell about a $1 on Friday as the United States and allies considered releasing more oil from storage to cool markets and as traders faced higher costs for trading benchmark Brent futures.

Ukraine urges halt to Russia's assault as Joe Biden heads to Poland

President Volodymyr Zelenskiy said that Ukrainians "need to achieve peace" and halt Russian bombardment that has forced millions to flee to countries like Poland

Dubai ruler's ex-wife gets custody of children after domestic abuse

The ruling caps the end of an extraordinary, bitter and hugely expensive three-year custody battle at the High Court in London

Banking system stable, says Sri Lanka as $1.4-bn bonds near maturity date

Sri Lanka faces an economic crisis as it struggles to pay for essential imports of food and fuel

Oil slides near 2% as European Union fails to boycott Russian crude

Without an EU embargo of Russian oil, Commerzbank analyst Carsten Fritsch said sanctions were unlikely to have a major impact on the oil market

UN General Assembly again overwhelmingly isolates Russia over Ukraine

The resolution adopted on Thursday, which was drafted by Ukraine and allies, received 140 votes in favor and five votes against while 38 countries, including China, abstained

Uber expands on taxi strategy by adding New York City's yellow cabs to app

The company said it planned to include every taxi on its Uber app by 2025 and last year added 122,000 new taxis to its platform.

Indian Oil to raise petrol, diesel prices by 80 paise per litre from Friday

A litre of petrol will cost Rs 97.81 rupees while diesel will be sold at Rs 89.07 in Delhi

US dollar strengthens as data supports bigger Fed rate hikes

Weekly initial jobless claims fell to a seasonally adjusted 187,000 last week, the lowest level since September 1969 and below the 212,000 forecast

Crude prices fall as US, allies consider further oil stock release

U.S West Texas Intermediate (WTI) was down $2.10, or 1.8%, at $112.82 a barrel