Business & Economy

May 3, 2024 3:59 PM

Russian publisher redacts book on gay Italian director amid LGBT crackdown

Roberto Carnero, an Italian literature professor at the University of Bologna, was shocked when he received a call from his Italian publisher in March about the Russian translation of his new book. The Russian publisher, AST, would agree to publish his critical essay on the openly gay Italian...

May 3, 2024 1:49 PM

Turkey halts trade with Israel over Gaza crisis

Citing the escalating humanitarian situation in Gaza, Turkey has halted all exports and imports to and from Israel, the Turkish Ministry of Trade announced, as per Al Jazeera's report. "Export and import transactions related to Israel have been stopped, covering all products," the ministry said in ...

May 3, 2024 10:45 AM

Asian stocks surge on tech boost; yen extends gains to cap wild week

Asian stocks rallied on Friday after Apple's record $110 billion share buyback plan lifted the tech sector, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected interventions from Tokyo. With markets in Japan and mainland China closed on Friday, regio...

May 3, 2024 12:22 PM

Nifty 50 opens at record high as Indian indices track Asian peers

Nifty 50 opens at record high as Indian indices track Asian peers India’s benchmark indices witnessed sharp gains during the opening session on Friday, with the Nifty 50 surging to a record high, buoyed by a positive trend in global markets. The Nifty rose by 0.61 percent to a record high of 22,...

May 3, 2024 11:31 AM

South Korea to slap fines on food suppliers for ‘shrinkflation’

South Korea's antitrust regulator said on Friday food makers and suppliers will be required to notify shoppers if they reduce the size of their products or face fines of up to 10 million won ($7,300). The Fair Trade Commission (FTC) said it has designated the practice of some businesses to cut prod...

May 3, 2024 11:31 AM

Apple sales fall less than expected, CEO sees return to growth

Apple on Thursday reported a shallower than expected decline in quarterly revenue, and Chief Executive Tim Cook told Reuters the company expects a return to sales growth in the current quarter as it invests in AI features to be unveiled in the coming months. Apple said fiscal second-quarter revenue...

May 3, 2024 9:50 AM

Wall Street gains on Fed’s dovish signals

Wall Street's main indexes advanced on Thursday, a day after the Federal Reserve left interest rates unchanged and signaled a dovish tilt, with focus moving to a crucial job report later in the week. While Fed Chair Jerome Powell indicated that stubbornly high inflation would see a long-expected...

May 2, 2024 9:23 PM

Indian markets gained after the U.S Fed kept rates unchanged

Indian benchmark indices closed with gain on Thursday after the US Federal Reserve kept the interest rates unchanged for the sixth straight time. The Nifty 50 index gained 43 points to close at 22,648 points while the BSE Sensex gained 128.33 points to close 74,611.11 points. In the Nifty 50 ind...

September 16, 2024 4:26 PM

RBI says 97.76% of Rs 2000 currency notes returned to banking system

The Reserve Bank of India (RBI) has issued an update regarding the withdrawal of Rs 2000 denomination banknotes from circulation. According to the RBI press release, the total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore as of May 19, 2023, has significantly decreased to R...