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Many are mystified why a Czech billionaire wants to buy Royal Mail's owner

The most dramatic aspect of Wednesday afternoon's statement from International Distributions Services (IDS) is that the company's board has indicated that it is minded to recommend Daniel Kretinsky's offer to shareholders.

Japanese economy shrinks 2% in Q1

Japan's GDP declined an annualized 2% in the first quarter compared with Q4, faster than the 1.5% drop economists had expecte -More- 

IAS-turned-IT veteran Vineet Nayyar dies at 85

Vineet Nayyar, former vice-chairman of Tech Mahindra, passed away at 85. An IAS officer, he led Tech Mahindra to $3 billion revenue and 90,000 employees in FY14. Anand Mahindra praised his transition from public to private sector. Nayyar also founded Gas Authority of India and was CEO of HCL ...

Biden ending new leases in America's top coal region

Citing climate change, federal land managers are moving to end new leasing for coal in the country's top producing region.

What to do when you're happier following than leading

Ascending to a leadership role is expected in the business world, but those unprepared for the stress and enjoy task-based wo -More- 

These are the best ways to give and receive feedback

When giving feedback to your team members, let them know what they're doing right and how it impacts the success of the busin -More- 

'Specific-event policies will shape future of insurers' business'

18 states challenge feds' guidance on transgender workers

The attorneys general of 18 Republican-led states have filed a lawsuit arguing that the Equal Employment Opportunity Commissi -More- 

'War ties': Norway fund to sell Adani Ports stake

Norges Bank excludes Adani Ports from its pension fund over ethical concerns following COE's recommendations. Adani Ports' ties with Myanmar's armed forces led to the exclusion. The sale of its Myanmar port to Solar Energy raises questions about its current connections.

Restaurants shrink tables, workweeks to seek balance

Smaller groups of diners and four-day weeks are taking over at many restaurants seeking better finances and work-life balance -More- 

Inside NPR, New Editing Layer Adds Angst Among Employees

Many employees have expressed concern that a new group of six editors called the Backstop will be unnecessary and slow down NPR’s journalism.

Brookfield arm to buy 50% in 4 Bharti assets

Brookfield India Real Estate Trust acquires 50% stake in grade A assets from Bharti Enterprises, including 33 lakh sqft commercial properties at Rs 6,000 crore. The equity consideration is fulfilled through preferential allotment in BIRET, making Bharti the second largest unitholder. Assets ...

FDA Approves Amgen Drug for Persistently Deadly Form of Lung Cancer

The treatment is for patients with small cell lung cancer, which afflicts about 35,000 people in the U.S. a year.

Philadelphia still the 6th-biggest U.S. city, but San Antonio catching up, census data shows

New federal estimates show Philadelphia remains the nation’s sixth-most-populous city, despite a decline in population throughout the pandemic. But the U.S. Census Bureau data out this week also shows San Antonio, Texas, could surpass Philadelphia in the coming years if trends continue. The ...

Professional setting best for video health care visits

Patients are more confident in the quality of video health care visits when the clinician's background looks like a professio -More- 

‘Creators are the new Hollywood,’ declares YouTube CEO at Brandcast

Neal Mohan discussed how creators are driving growth in YouTube viewing on connected TV as part of the platform’s creator-heavy pitch during upfronts week.

UAW president Shawn Fain's swagger has helped unionize the deeply anti-union South

Auto workers are doing what long seemed impossible – unionizing in the South. The United Auto Workers chief Shawn Fain's connection with workers and willingness to fight have led to the resurgence.

UK to lift ban on debit card use on gaming machines

Move designed to boost physical venues under pressure from online betting

Why diversity succeeds when employees feel included

Some companies suggest diversity, equity and inclusion should be rebranded, but the better approach is to develop actionable  -More- 

What the Supreme Court Ruling Means for Other Consumer Bureau Actions

A score of court cases involving the Consumer Financial Protection Bureau can now proceed, but it is still likely to face legal challenges.

Honda revs up on EVs, aiming for lucrative U.S., China markets

Japanese automaker Honda reaffirmed its commitment to electric vehicles Thursday, saying it will invest 10 trillion yen ($65 billion) through fiscal 2031 to deliver EV models around the world,…

How the Dominican Republic became Latin America's economic superstar

For decades, the Dominican Republic's economy has been growing at a remarkably steady pace. The Caribbean nation of 11 million people is today considered a middle-income nation, but the International Monetary Fund projects it could become an advanced economy within the next 40 years. Today ...

Mahindra & Mahindra lines up Rs 37k crore capex over 3 years, EVs to get Rs 12k crore

Mahindra & Mahindra reveals a Rs 37,000 crore capex plan for three years, emphasizing petrol, diesel vehicles, and EV business. M&M executives share insights on new products and refreshes. BII, MEAL, and Temasek investments are vital for future growth.

More trouble in Belgium for Miami-based 777 Partners after court authorizes seizure of assets

A Belgian court has ruled that all assets in the country belonging to American investment group 777 Partners can be seized, in the latest legal setback for the embattled company that owns Standard de Liège and several other soccer clubs. The decision by a court in Liege came after Standard’s ...

Budget’s unspoken message: maybe we’ll pull off the softest of soft landings

The rate of inflation will likely continue falling and should be back into the target range by this December.

Google wants judge, not jury, decide upcoming antitrust case in Virginia

Google is asking that a federal judge, rather than a jury, decide whether it violated U.S. antitrust laws by building a monopoly on the technology that powers online advertising. To bolster its case, the tech giant said Thursday in a court filing it wrote a multimillion-dollar check to the U.S. ...

After 25 years in Victoria, thrift store chain Savers is setting up in Sydney’s west

The cost of living crisis hasn’t been the only factor behind Savers Australia’s decision to expand into NSW for the first time.

The Dow Jones hits 40,000 for the first time. What to know about this major milestone

Stock markets received a boost from new data showing inflation is easing. Lower inflation has raised hopes about the U.S. economy — but there are still a lot of unknowns.

Chicago sees spike in Black teens out of school and work, study shows

Some investors raise concerns about UK's unfinished sustainable finance framework

An unfinished sustainable finance framework in the UK may be deterring investment, according to a survey by the UK Sustainabl -More- 

Driver killed in incident at Arizona facility that is being built by a Taiwanese semiconductor giant

Authorities say a truck driver has been killed after a tank holding waste material depressurized at a Phoenix facility that is being built for a Taiwanese semiconductor giant. Police say 41-year-old Cesar Anguiano-Guitron was taking waste material away from the Taiwan Semiconductor ...

No writ petition can be filed against Air India, rules SC

Supreme Court rules writ petitions by erstwhile employees against Air India post privatization by Tata group in Jan 2022 are not maintainable as it ceased to be a public body under administrative control after disinvestment, no longer falling under the writ jurisdiction of the Constitution.

Top 10 Countries with Highest Military Spending: India among top 5; where do China, Russia, US stand? Check List

America’s ‘cable cowboy’ lost out in infrastructure boom

Wrangling media and telecoms products into business models that produce durable profits has proved to be tough going

Go South, young man

Young professionals seeking ample opportunities and high-paying roles may find better luck in the Sun Belt, according to new  -More- 

Teen Who Ate Spicy ‘One Chip Challenge’ Product Died of Cardiopulmonary Arrest

A subsidiary of the Hershey Company pulled the chip from store shelves in September after Harris Wolobah, 14, ate one and died.

Key Boeing supplier Spirit AeroSystems is laying off 450 after production of troubled 737s slows

A key Boeing supplier that makes the fuselages for its popular 737 Max airplanes is laying off about 450 workers. That's because production has slowed down ever since a panel flew off one of those airplanes operated by Alaska Airlines in midair in January. A spokesman for Spirit AeroSystems ...

The result of a union election at Mercedes-Benz in Alabama is about to be revealed

Mercedes-Benz workers in Alabama finish up five days of voting on whether to join the United Auto Workers union. A ballot count begins Friday morning.

The Sunday Times Rich List: Alan Sugar climbs the ranks

Lord Alan Sugar is worth an estimated £1.082bn, according to The Sunday Times Rich List. The frontman for BBC’s smashit The Apprentice came in at 159th on the annual list, up from 165th last year. 

Some A.I. Companies Face a New Accusation: ‘Open Washing’

An accusation against some A.I. companies that they are using the “open source” label too loosely.

Should I Buy Maruti Swift Or Baleno? Know Which One Is More Value For Money

Maruti Swift Vs Baleno: The Swift has always been pricier than the competition, and this time it gets very close to the Baleno, which is a segment above in the premium hatchback segment and retailed via Maruti’s Nexa dealerships.

Bank of England will move hundreds of jobs to Leeds to ‘improve trust’

One in ten employees of The Bank of England will be based in Leeds by 2027, it has been announced.

Japanese beauty needs to look beyond China

Chinese shoppers have been increasingly turning to homegrown beauty brands, with sales growing rapidly

Folding bike maker Brompton gears up international sales as profit passes milestone

A surge in international sales helped Brompton, the folded bikes company popular with London commuters, report a jump in its turnover and profit.

Morning news brief

President Biden to meet leaders of Black sororities and fraternities. Mercedes-Benz workers in Alabama finish union vote. Boeing's shareholder meeting comes at a turbulent time for the company.

News24 Business | Court upholds order: Ramokgopa must protect hospitals, schools from load shedding

Court denies Minister of Electricity Kgosientsho Ramokgopa from appealing judgment that ordered him to shield public institutions from load shedding.

Paytm Travel Carnival Kicks Off: Check Promo Code, Offer Dates, Deals And Discounts On Domestic Flights, Train, Bus

On booking domestic flights via Paytm, users can use the "SUMMERSALE" promo code to unlock a double advantage: zero convenience fees and a 10 per cent discount up to Rs 750.

Preakness Stakes Welcomes Trainer Barred From Kentucky Derby

Controversy over doping and horse deaths has trailed the successful trainer for several years, but deep-pocketed owners have stuck by him.

Troubled plane-maker Boeing holds its annual shareholders meeting on Friday

The airplane maker continues to answer difficult questions about production and quality control lapses on its 737 Max jets.

India crosses $100billion mark in remittances! What are inward remittances and will their uptrend continue? Explained

India has consistently been the top recipient of remittances from its diaspora. In the fiscal year 2022-23, the remittances surpassed the $100 billion mark, reaching $112 billion, with a record-breaking $29 billion in the December quarter alone.

German council approves a revised plan by Tesla to expand its plant near Berlin

A local council in Germany has approved a plan by electric carmaker Tesla to expand the grounds of its first plant in Europe, a proposal which has drawn persistent protests this year. Councilors in the Gruenheide municipality, just outside Berlin, voted 11-6 with two abstentions on Thursday ...

Jeremy Hunt promises future tax cuts if Conservatives win general election

Jeremy Hunt promised further tax cuts if the Conservatives win the general election as he sought to draw an electoral dividing line between the Tories and the Labour Party.

Losses widen at owner of five-star London hotel The Stafford and Michelin restaurant

The owner of The Stafford, a five-star hotel in London as well as a Michelin-starred restaurant, saw its losses widen in 2023 after the decline of staycations and the worsening economy in the UK.

China’s ‘AI-in-a-box’ products threaten Big Tech’s cloud growth strategies

Huawei leads trend of providing companies with means to power their own artificial intelligence apps rather than through public cloud

War in Ukraine: Why is the EU still buying Russian gas?

Although the EU has dramatically reduced the amount of Russian gas it imports, significant quantities are still flowing into the bloc.

History says tariffs rarely work, but Biden’s 100% tariffs on Chinese EVs could defy the trend

In June 2019, then-presidential candidate Joe Biden tweeted: “Trump doesn’t get the basics. He thinks his tariffs are being paid by China. Any freshman econ student could tell…

Former Irish international rugby player and leading businessman Tony O'Reilly dies

Sir Tony O'Reilly, a former Irish international rugby player and one of the country's leading businessmen, has died aged 88.

Ministries to promote film spots

The Tourism and Sports Ministry has joined hands with the Culture Ministry to promote Thailand's film locations in a bid to achieve 7.5 billion baht in earnings from foreign film companies choosing to shoot their films in the country this year.

Irish business and rugby ‘giant’ Sir Tony O’Reilly dies aged 88

Patanjali official, 2 others get 6 months in jail as 'soan papdi' fails quality test

The chief judicial magistrate of Pithoragarh convicted three persons, including the assistant manager of Patanjali Ayurved Ltd, to six months in prison and fined them all for failing a soan papdi food test. On Oct 17, 2019, a food safety inspector visited Lila Dhar Pathak's shop at Main Market ...

Decline of 138-year-old wealth icon shows bigger isn’t always better

Gobbling up other fund managers wasn’t enough to shield Perpetual from the headwinds buffeting stock pickers.

CEA: Are futures & options trading volumes sign of progress or worry?

A finance ministry official raised concerns about the impact of futures and options trading volumes on capital market growth and household savings. The discussion included financial sector development, Nirmala Sitharaman's caution, and various financial indicators like investments in physical ...

Las Vegas tourism authority sponsoring each Aces player for $100K in 2024 and 2025

The Las Vegas Convention and Visitors Authority is providing a $100,000 annual sponsorship to each Aces player for this season and 2025. The sponsorship is higher than the earnings of six Aces players, according to Spotrac. The sponsorship does not violate the WNBA’s salary cap because the ...

How do Luton Town relegate Nottingham Forest from Premier League?

While eyes are on the Premier League title race, there is still a relegation battle between Luton Town and Nottingham Forest. Forest are overwhelming favourites to stay up for another season at the expense of the rookies from Kenilworth Road. Burnley and Sheffield United have already been ...

Alan Bates rejects second Post Office compensation offer

The latest offer amounted to around a third of what the campaigner had asked for.

Dow Jones closes above 40,000 for first time amid global market volatility

The Dow Jones industrial average closed above the 40,000 mark for the first time on Friday, with other major indexes also scoring weekly gains, as data supported expectations for interest rate cuts by the Federal Reserve this year. The benchmark S&P 500 edged higher after paring losses while ...

Blow to UAW as Mercedes-Benz workers in Alabama vote against union

Defeat marks a reversal for the United Auto Workers after victory at Volkswagen plant in Chattanooga

N Vaghul, banker who built ICICI brand, dies at 88

N Vaghul, a banking industry pioneer, passed away at 88 in Apollo hospital. He redefined ICICI, India's second-largest bank, and earned the Padma Bhushan. Vaghul led Bank of India, championed gender-neutral meritocracy, and mentored a generation of financial leaders like K V Kamath and Shikha ...

Virgin Trains targets West Coast in return to rail

Virgin Group has applied for a licence to run trains on the route it lost to Avanti in 2019.

European private equity groups forced to keep assets longer

Some firms are struggling to exit investments made when the industry boomed while interest rates were low

How to Create a Strong Financial Plan When You’re Renting Forever

Either by choice or because they are priced out of the market, many people plan to never stop renting. Building wealth without home equity requires a different mind-set.

Formula 1 driver standings as Verstappen wins in Imola

Max Verstappen returned to winning ways in Formula 1 this weekend with a victory at Imola on the 30th anniversary of Ayrton Senna’s death at the iconic Italian track. McLaren driver Lando Norris, who won his first ever race last time out in Miami, reeled in the Dutchman towards the end of the ...

What a Spanish bank mega-deal means for TSB

After BBVA’s bid, Sabadell is under pressure to prove it makes sense for a Spain-focused bank to own the midsize UK lender

Wizz Air set for ‘smooth landing’ despite engine issues and Israel-Gaza disruption

Wizz Air is set for a smooth landing in its full-year results despite a year hampered by war in the Middle East and supply chain snarl-ups.

A dad review of San Francisco's self-driving Waymo taxis

"I'm a dad. A silent car ride is all I ever wanted out of life."

‘We had no idea what private equity was about’: Japanese chipmaker CEO on buyout bosses

Fumiyuki Kanai came to value KKR as a tool for change ahead of country’s biggest IPO in five years

Sir Jim Ratcliffe scolds Tories over handling of economy and immigration after Brexit

Billionaire Sir Jim Ratcliffe has told Sky News that Britain is ready for a change of government after scolding the Conservatives over their handling of the economy and immigration after Brexit.

AAP Protest: ITO Metro Station Entry and Exit Closed; Check Delhi Traffic Police Advisory

The Delhi Metro has shut down entry and exit at the ITO Metro station amidst a protest march at the BJP headquarters.   

Wellness Wonders: Meet the CEO of sports recovery specialist MyoMaster

Lottie Whyte, who founded MyoMaster in 2021 is on a mission to provide recovery solutions to fitness enthusiasts around the world.

Global investors wake up to cheap UK stocks as takeover activity rises

Jupiter Asset Management boss says London-listed shares are ‘cheapest they have been in 50 years’

Oleksandr Usyk 22-0 career boxing record IN FULL after beating Tyson Fury

On Saturday night Oleksandr Usyk toppled the Gypsy King Tyson Fury in Riyadh by split decision to claim the undisputed heavyweight title. With the victory taking the Ukrainian to a record of 22 wins in 22 fights (14 by knockout and 8 by decision), here is Usyk’s professional record in full. ...

HMRC challenging media businesses for research and development tax relief

HMRC currently challenges around 20 per cent of R&D tax relief claims overall - up from one per cent previously.

US lab-grown meat bans criticised as culture war ‘own goal’

Producer warns America is ceding a competitive advantage, just as it did with semiconductors

Market Outlook: PMI Data, Q4 Results Key Triggers For Next Week

US Fed Chair Jerome Powell is scheduled to deliver a speech on Monday (May 20), which is expected to further influence market sentiments.

UK working on rules for training of AI models with creative work

Culture secretary Lucy Frazer says focus will be on transparency after media and arts executives voiced concern

New Covid variants stoke fears of a summer surge in cases

So-called FLiRT strains set to test effectiveness of vaccines against latest mutations

2025 Porsche Cayenne GTS Launched In India At Rs 2 Crore; Check Features, Performance, And Other Details

Porsche offers the Cayenne GTS in seven standard colours: White, Black, Dolomite Silver, Carrara White, Quartzite Grey, Carmine Red, and Cashmere Beige. 

Premier League table IN FULL as Manchester City crowned champions

Manchester City won their fourth consecutive Premier League title on Sunday with a 3-1 victory over West Ham United. Combined with Arsenal’s 2-1 win over Everton, Pep Guardiola’s side picked up their sixth title in seven seasons at the Etihad. Liverpool and Aston Villa complete the top four ...

Attero plans to invest over Rs 8,000 crore in 5 years to ramp up e-waste, battery recycling capacity

FPIs Aggressively Selling India Stocks, Offloaded Over Rs 28,000 Cr With 10 Days To Go In May

To put it into context, the entire year saw an inflow of about Rs 171,107 crore, and notably, over one-third of it came in December. 

Investors to receive ‘temperature check’ on global economy alongside Nvidia and inflation updates

Analysts at Deutsche Bank said the surveys would provide "a temperature check on growth across the key economies as perceived inflation risks subside".

Google quits on huge, longtime San Francisco office in premium location

Google is dropping out of a massive office in downtown San Francisco.

EQT in discussions to buy UK-listed video game group

Private equity firm has already made four unsolicited proposals for Keywords Studios

Succession drama grips Gucci as sales fail to make the cut

Some investors are beginning to ask whether Gucci boss Francois-Henri Pinault should consider passing the baton at his luxury empire and bring in fresh blood.

Elon Musk arrives in Indonesia's Bali to launch Starlink satellite internet service

Elon Musk has arrived in Indonesia’s resort island of Bali to launch Starlink satellite internet service in the world’s largest archipelago nation. The billionaire head of Tesla and SpaceX and owner of social platform X arrived Sunday by private jet on the idyllic “island of the gods." ...

How Lowriders Put a Vivid Stamp on New York City’s Car Scene

These lovingly customized cars, long embraced as a way to celebrate Mexican American culture and bring families together, are gaining visibility and respect as bouncing, rolling works of art.

Companies are trying to attract more smartphone users across Africa. But there are risks

Internet-enabled phones can play a unique role in sub-Saharan Africa, where infrastructure and public services are among the world’s least developed. But despite growing mobile internet coverage on the continent of 1.3 billion people, just 25% of adults in sub-Saharan Africa currently have ...

'Magic United': Disneyland characters vote to unionize

Disneyland employees in California, including those who perform as characters from Mickey Mouse to Moana, have voted to unionize. The 1,700 workers will be represented by Actors' Equity Association.

Investec Champions Cup finalists Leinster and Toulouse have varied preparations

The four clubs set to contest this weekend’s Investec Champions Cup and European Challenge Cup had mixed fortunes in their domestic leagues at the weekend as each side prepares for the showpiece finale at Tottenham Hotspur Stadium on Friday and Saturday night. The English team Gloucester will ...

Is buying vinyl bad for the planet - and what can be done about it?

Taylor Swift's new album helped fuel the highest weekly vinyl sales in 30 years - but is our rediscovered love of owning records environmentally reckless?

What your home could look like in the global green power switch

A lofty warehouse west of London might offer a glimpse of the future of our home energy.

How do Manchester City and Arsenal win the Premier League today?

The Premier League will be decided today. And while 20 teams will be fighting for the final win for the season, only two of them can still win the tile: Manchester City and Arsenal. City will win their fourth consecutive title and sixth in seven years if they finish today’s matches top of the ...

Schengen visa delays lead Indian holidaymakers to explore alternative destinations like Georgia, Australia, and Japan

Schengen visa delays have led Indian holidaymakers to explore alternative destinations like Georgia, Australia, and Japan for summer vacations. Trips to Armenia, Azerbaijan, Uzbekistan, and Kazakhstan, are witnessing a surge in interest.

Pragmatic: ‘More to be done’ says boss of British chipmaker

The chief of Pragmatic has said good progress has been made but there is "more to be done" to support Britain’s semiconductor industry.

The High-Class Problem That Comes With Home Equity

You may feel richer as you pay your mortgage down and home values go up. Using that equity is another matter entirely.

London insurance market jobs hit highest level in decade

Industry benefits from specialist knowledge of everything from shipwrecks to cyber attacks

London-listed Keywords Studios receives private equity bid at 73 per cent premium

Video game services company Keywords Studios has said it would be "minded" to accept a £2.2bn takeover bid from Swedish private equity giant EQT Partners if it makes a firm offer.

Nvidia eyes strong first quarter results as analysts remain bullish

This AI hype has enabled Nvidia to annihilate consensus sales and profit forecasts in all four quarters of the financial year 2024.

Guerrilla influencers and AI news anchors, China is ramping up its propaganda machine

China's propaganda machine is embracing AI - but there are limits to what tech can do with bad storytelling, writes Ruby Osman.

EQT in advanced talks to buy Keywords Studios for $2.8 billion

Inflation set to return to two per cent target in boost for Bank of England

The latest UK inflation reading could show a notable fall when it's published this week.

Big Drill Machine head Hits Moving Train In Chhattisgarh; Three Injured

Two passengers and a sanitation staffer were injured after the head of a big drilling machine crashed into a moving train on the outskirts of Chhattisgarh's capital Raipur.  

Richard Branson: Virgin founder’s net worth gets a boost from Virgin Atlantic’s growth

Richard Branson has seen his net worth hold steady as growth has returned to his Virgin Group.

Business school teaching case study: risks of the AI arms race

Competitive haste raises questions about safe development of the technology. Explore the issues with this dean’s case study

Lok Sabha Elections 2024: Indian Stock Markets To Remain Closed On Monday

Analysts now predict that the upward trend in the key Indian stock market indexes will last through this following week, beginning on Tuesday.

Elon Musk launches Starlink in Indonesia

Tech billionaire Elon Musk launched Sunday his Starlink service on Indonesia's resort island of Bali as the country aims to extend internet to its remote areas. Musk and the officials also attended a presentation by staff members from Indonesia's community clinics in Bali and Maluku provinces ...

European utilities cut renewable targets as high costs and low power prices bite

Trend of scaling back and reviewing plans highlights difficult economics of transitioning away from fossil fuels

Reliance seeks access to ATF pipelines, storages of PSU oil firms

Reliance Industries Ltd, a prominent conglomerate, has sought access to the extensive network of pipelines and storage facilities that public sector oil companies have meticulously constructed over the years. These infrastructure assets are crucial for the efficient supply of jet fuel, also ...

Raspberry Pi staff set for £68m windfall from London float

Employees at computer firm Raspberry Pi are poised to enjoy an up to £68m windfall from the company’s float on the London stock market in the coming weeks. According to a London Stock Exchange filing, the Cambridge-based firm’s employee incentive scheme controls a roughly 13.6 per cent ...

Tata Motors Group Hikes Investment Outlay To Rs 43,000 cr For FY25

Tata Motors group has raised its investment outlay for FY25 to Rs 43,000 crore for new products and technologies, with its British arm Jaguar Land Rover.

Outgoing Virgin Money boss set for bumper payday despite bank’s plunge in value

David Duffy stands to have made up to £30m from his tenure as chief executive of Virgin Money by the time he retires from the role after six years following the bank's merger with Nationwide.

Kochi-bound Air India Express Flight Makes Emergency Landing At Bengaluru Airport After Engine Fire

An Air India Express flight bound for Kochi made an emergency landing shortly after taking off from Bengaluru's Kempegowda International Airport due to a fire in one of its engines.   

Sir Anthony O’Reilly, one of Ireland’s leading businessmen, 1936-2024

Former rugby champion, Heinz CEO and media owner made and lost one of his country’s biggest fortunes

Threadneedle accuses KKR of ‘ram raiding’ UK equities in fallout from IQGeo bid

Threadneedle has accused KKR of "ram raiding" the London stock market, in the wake of the US private equity firm's takeover of IQGeo.

China’s BYD nears deal to supply London’s electric double decker buses

Chinese automaker BYD is closing in on a deal that would see it supply all-electric double decker buses in London.

Challan Expressway? AI Cameras Report 12K Traffic Violations On Bengaluru-Mysuru E-way In Two Weeks

In just two weeks, AI-powered cameras on the Bengaluru-Mysuru Expressway have caught around 12,000 traffic violations.  

Renowned Indian Banker And Former ICICI Chairman Narayan Vaghul Passes Away At 88

During his tenure, Vaghul mentored many senior executives including K.V. Kamath who succeeded him and carried on his legacy. 

Top Anglo American investors open to simpler takeover bid from BHP

Major shareholders in Anglo American are reportedly open to accepting a simpler takeover bid from its bigger rival BHP that could create a mining juggernaut.

8 Transformational Indian Railways Projects You Shouldn’t Miss

Liverpool crowd say ‘Danke’ as Jurgen Klopp leaves Premier League

The Anfield crowd serenaded Jurgen Klopp on Sunday after the Liverpool manager signed off on his career in Merseyside with a 2-0 victory over Wolverhampton Wanderers. Liverpool were on for a quadruple when German Klopp announced he’d be leaving the club earlier this year but the club were ...

Sydney Morning Herald nation’s most read masthead

The Sydney Morning Herald is the country’s most read masthead, with a cross-platform readership of 7.3 million Australians, according to the latest Total News readership figures released by Roy Morgan. 

Britain’s new food security index is a poor excuse for policy

There is little value in Whitehall’s creation of something that suggests everything is fine

Unlocking the power of talent identification

Imagine Thailand’s future — a dynamic centre of innovation and progress. The key to this vision? It’s all about finding the right talent, the kind that brings ideas to life and leads transformative change.

Manchester City win fourth consecutive Premier League trophy

Blue Moon rang around the Etihad on Sunday evening after Manchester City won an unprecedented fourth consecutive Premier League title. In a riveting title race between Pep Guardiola’s men and Mikel Arteta’s Arsenal that went down to the final day, it was Manchester City that came out on top ...

How should countries deal with falling birth rates?

As the UK and US continue to see falling birth rates, options to deal with the issue are limited.

Luton Town relegated from Premier League as Forest spoils miracle dream 

It is only the second time in Premier League history where all three clubs promoted to the Premier League were relegated back to the Championship. 

Lufthansa sees 'turning point' after Q1 marred by strikes

Lufthansa is looking to cut costs, including in management, after repeated strikes weighed heavily on Q1 figures. But with the disputes settled and a busy summer anticipated, the CEO touted an imminent "turning point."

Norinchukin Bank mulls ¥1 tril capital increase

Japan's Norinchukin Bank is considering a capital increase of about 1 trillion yen to bolster its financial standing that is undermined by unrealized losses from its holdings of…

Plan to boost Uber and Lyft driver pay in Minnesota advances in state Legislature

A plan to boost pay for Uber and Lyft drivers in Minnesota has advanced in the state Legislature. The plan gained approval in the House on Sunday. It was crafted by Democrats to replace a minimum pay measure the Minneapolis City Council passed. That measure had prompted Uber and Lyft ...

Money can’t buy everything, but Chalmers can buy an inflation reduction

The treasurer’s use of new policy tools to solve new kinds of inflation has enraged many commentators, but the anger of those stuck in the past doesn’t mean we shouldn’t be looking to the future.

Chicago Tribune, seven other newspapers sue Microsoft and OpenAI

SCSS Calculator: Earn Over Rs 10 Lakh Interest Income From Senior Citizen Savings Scheme; Interest Rate To Tax Benefits - Top 10 Facts

Alert: China sanctions Boeing, two other U.S. defense companies on day of Taiwan's presidential inauguration

China sanctions Boeing, two other U.S. defense companies on day of Taiwan's presidential inauguration.

Thirst for AI knowledge drives growth in executive courses

Business schools move to help leaders grasp technology’s implications ‘beyond the hype’

Suburban Chicago woman claiming Zantac caused her cancer takes the stand in Cook County trial

Getir quits UK with multimillion pound Tottenham Hotspur debt

Getir, the grocery delivery app which this month confirmed plans to exit the UK, has an outstanding debt to Tottenham Hotspur Football Club running to millions of pounds.

Will copper unleash a new commodities 'supercycle'?

Some economists believe recently spiking copper prices are a harbinger of a new supercycle for commodities. The last one ended around 2014 amid faltering China growth. What’s fueling the current boom?

Stock market today: Asian stocks advance after Wall Street closes out another winning week

Asian stocks have advanced after U.S. stock indexes drifted near their records on Friday with the Dow Jones Industrial Average finishing above 40,000 for the first time. U.S. futures rose and oil prices climbed as investors focused on the Middle East, where a helicopter carrying Iranian ...

Banks not doing enough to help struggling borrowers, says ASIC

As the number of customers falling behind on their repayments rises, the watchdog says too many people in hardship are finding it hard to get help.

SoftBank Corp to help call center workers by 'softening' angry customer calls with AI

Dealing with irate customers can be extremely stressful for call center workers but Japan's SoftBank Corp thinks it has a solution: artificial intelligence-enabled software that softens the tone…

FTSE 100 live: London markets set to rise tracking Asian peers; global attention on Iranian president’s fate

The daily London market update: Market moving news from the FTSE 100 and around the world from City A.M.

ASX set to rise as Wall Street climbs again

The Dow Jones finished a day above the 40,000 level for the first time on Friday as US stock indexes drifted around their records while closing out their latest winning week.

Germany's energy transition: Can a new hydrogen scheme help?

Germany's obsession with avoiding fresh debt has led to doubts about its energy transition. Now, a novel mechanism for its hydrogen strategy could become a blueprint.

Majority of football league clubs received investment enquiries last year, report

The majority of English football clubs in the top four leagues are receiving “formal or informal investment enquiries”, a survey by BDO suggests.  It said that most interest is coming from the US, which accounts for 85 per cent of enquiries.  Half of Premier League clubs, 10, have some ...

China hits back at US and EU as trade rows deepen

Last week, Washington announce new tariffs on Chinese imports including electric cars and solar panels.

The Age is Victoria’s most-read masthead

The Age has retained its position as Victoria’s most-read masthead, according to the latest Total News readership figures released by Roy Morgan.

Intellectual property: How to stop Western theft

Developing countries have struggled to stop industrialized nations from co-opting and patenting products based on the knowledge and culture of local peoples.

Bruce Nordstrom, Who Helped Lead His Family’s Retail Empire, Dies at 90

Though he was the company’s president, he opted for joint leadership with family members as they made Nordstrom, starting as a string of shoe stores, into an international fashion retail brand.

How the budget was hijacked by a $300 cherry on the top

The energy rebate is a perfectly sensible device to hasten progress in getting inflation down to the target zone.

Draft law aims to curtail profit shifting

The Revenue Department expects draft legislation to collect taxes from multinational enterprises (MNEs) to prevent the shifting of profit to subsidiaries located in countries with a lower tax base to be implemented in 2025, which estimates suggest will boost tax revenue by 12 billion baht per year.

Disneyland Character Workers at California Park Vote to Unionize

The vote determined whether 1,700 workers who play characters such as Mickey and Minnie Mouse and who dance at parades could join the union representing other workers at the park in Anaheim, Calif.

Bruce Nordstrom, who helped grow family-led department store chain, dies at 90

Bruce Nordstrom, a retail executive who helped expand his family’s Pacific Northwest department store chain into an upscale national brand, has died. Seattle-based Nordstrom Inc. said its former chairman died at his home on Saturday. He was 90. The chain traces its roots back to a Seattle ...

FTSE 100 today: London markets set to open higher, echoing global trends

Asian markets rose with Wall Street, but an Iranian president's helicopter crash shook oil prices. Investors awaited Nvidia's Q1 earnings.

U.S. and Europe Move Closer to Using Russian Assets to Help Ukraine

Finance ministers from the G7 nations are hoping to finalize a plan ahead of the group’s leaders meeting next month.

Leading business figure Sir Anthony O'Reilly dies

He built an international media business which at one stage owned more than 100 newspapers.

Protectionism will ‘haunt’ renewable energy industry, says China solar executive

Chinese companies and officials hit back against US and European trade barriers

Q1 GDP grows 1.5% y/y, above forecast

Thailand's economy expanded 1.5% in the first quarter from a year earlier, official data showed on Monday, beating analysts' expectations.

China sanctions Boeing, two U.S. defense contractors for Taiwan arms sales

China’s Ministry of Commerce has announced sanctions against Boeing and two other defense companies Monday for arms sales to Taiwan. The companies include Boeing’s Defense, Space & Security unit, General Atomics Aeronautical Systems, and General Dynamics Land Systems. Monday is the day ...

Capital markets, climate change and AI will profoundly alter financial services

Addressing the biggest challenges facing the economy will not only bolster the City’s offering, but will contribute to broader questions of growth and productivity, says Chris Hayward City Week is back! Today, the 14th edition of City Week begins and Guildhall’s doors will open to over ...

Unlocking Investment Potential: SPARK and SABC 2024 Elevating ASEAN Prosperity

In a bid to position Selangor as the premier investment destination within the dynamic ASEAN landscape, Invest Selangor Berhad has announced the Selangor Investment and Industrial Park Expo (SPARK) 2024, scheduled from July 25 to 27.

¿Un nuevo Rainbow? Por primera vez en 98 años, el original Rainbow Cone tiene nuevos sabores

Businesses up in smoke

A deadline set by cannabis advocacy groups is rapidly approaching for the government to justify its plan to reclassify cannabis as a narcotic.

Water investors have withdrawn billions, says research

A report suggests shareholders have taken billons but failed to invest as water bills look set to rise.

Xi Jinping’s ‘ground-shaking’ fix for China’s property crisis is not enough

Three years after it started imploding, China’s government is finally doing something meaningful to fix its property problem. It is just the start.

Disneyland character and parade performers in California vote to join labor union

Disneyland performers who help bring Mickey Mouse, Cinderella and other beloved characters to life at the Southern California resort chose to unionize following a three-day vote culminating on…

Mujer alega que Zantac le causó cáncer declaró en el juicio del Condado de Cook

Bank Holiday Today In THESE Cities For Lok Sabha Elections, Check List

Check list of cities where banks will be closed today on account of Lok Sabha Elections 2024.

Dexon to ramp up low season revenue

Dexon Technology, a Thai pipeline inspection company, plans to rack up revenue during the low season for power demand in the second half, when companies in the power and industrial sectors tend to slow operations.

Record numbers working in the City’s insurance market

Job numbers in the City's insurance market are at their highest level for at least a decade, according to data from an industry body.

Stock market today: Why BSE Sensex, Nifty50 are closed for trading on May 20, 2024

On Saturday, Indian equities traded in two special sessions, from 9:15 a.m. to 10 a.m. (0345-0430 GMT) at a primary site and from 11:30 a.m. to 12:30 p.m. (0600-0700 GMT) at a disaster recovery site.

Gearing up for the new economy

Business challenges have prompted the Federation of Thai Industries (FTI) to come up with new projects, hoping to strengthen local entrepreneurs.

Chinese Firms Face Authoritarianism at Home and Hostility Abroad

The experience of TikTok’s owner, ByteDance, in Beijing and Washington shows how much the ground has shifted for China’s entrepreneurs.

Chinese central bank holds rates after authorities unveil historic property sector rescue

The Chinese central bank maintains its key lending rates following the unveiling of a historic property sector rescue plan by authorities.

Russian court freezes assets of 2 German banks in gas project dispute

The Russian state news agency Tass says a court in St. Petersburg has ordered the seizing of assets of Germany's Deutsche Bank and Commerzbank in Russia. The order is in response to a lawsuit over the planned construction of a liquefied natural gas terminal in the Baltic Sea. The banks were ...

Things to know about an AI safety summit in Seoul

South Korea is set to host a mini-summit this week on risks and regulation of artificial intelligence. The meetings Monday and Tuesday follow an inaugural AI safety meeting in Britain that drew a diverse crowd of tech luminaries, researchers and officials. The gathering in Seoul aims to build ...

PrimeStreet, Photon unite for energy

PrimeStreet Capital, a Bangkok-based global venture capital (VC) fund manager, has signed an agreement with Photon Group, a Japanese asset management firm, aiming to pour US$150 million worth of investment into clean energy across Southeast Asia.

The story behind Bitcoin Pizza Day: celebrating a milestone in cryptocurrency history

Bitcoin, the world's first decentralised cryptocurrency, has made headlines for its dramatic price swings and potential to revolutionise the financial world. However, not many are familiar with one of its most celebrated days: Bitcoin Pizza Day.

Europe Wants to Build a Stronger Defense Industry, but Can’t Decide How

Conflicting political visions, competitive jockeying and American dominance stand in the way of a more coordinated and efficient military machine.

Lithium-ion batteries pass time test for Sarytogan

Sarytogan Graphite has recorded “exceptional” performance results from the first lithium-ion batteries using graphite from its namesake project in Kazakhstan.

Man City wins unprecedented fourth consecutive Premier League title

Guardiola’s squad, assembled using Abu Dhabi’s vast riches, clinches hard fought campaign

Bay Area-based company to pay out nearly $8M settlement to thousands of users

Hundreds of thousands of BetterHelp customers are about to get a tiny payment.

Joseph Stiglitz has wooed the left, but his straw men pose a real-life threat

Joseph Stiglitz's new book makes a grotesque bogeyman of 'the right', and it will have dangerous consequences, writes Eliot Wilson.

Banking sector net crosses Rs 3 lakh crore for first time in FY24

In FY24, the banking sector's net profit surpassed Rs 3 lakh crore, with public sector banks leading at Rs 1.4 lakh crore. Private sector banks and IT services also flourished due to enhanced balance sheets and improved performance. Reliance Industries, TCS, Indian Oil, ONGC, Infosys, and Bank ...

Eco activists calling for literature festival boycotts should read a book

Writers signing a letter calling on book festival sponsor Baillie Gifford to divest from fossil fuels exhibit a lazy habit of mind that has no place in literature, says Alys Denby The arts should always be anti-establishment. Only an autocracy would demand that all its creative output ...

‘Fans key to ParalympicsGB success at Paris 2024’

The countdown to the first summer Paralympics ever staged in France is gathering pace with 100 days to go until the Opening Ceremony, a groundbreaking celebration set for the Champs-Elysées. British fans have bought more tickets for the Olympics than any other nation except the hosts and ...

Demand for UK business flights has fallen by nearly a third since 2019

Business travel demand has fallen by nearly a third in the UK since before the pandemic, according to new research from the New Economics Foundation.

The Notebook: There’s only one thing bridging the Westminster divide: Taylor Swift

Michael Martins takes the Notebook pen to talk Labour hiring, Westminster politics, and the diplomatic powerhouse that is Miss Taylor Swift.

7th Pay Commission: Setback For Govt Employees; 25% Increase In Gratuity Due To Da Hike Kept On Hold By EPFO

DA was hiked to 50 percent in March 2024, consequent to which Gratuity ceiling is automatically hiked as per rules.

Introducing Untold: Power for Sale

Introducing Power for Sale, a new season of Untold from the Financial Times.

Many remember solid economy under Trump, but his record also full of tax cut hype, debt and disease

Numbers show that the economy during Donald Trump’s presidency has never lived up to his own hype. But polling shows Americans are more confident about his economic leadership than that of President Joe Biden. The question of who can best steer the U.S. economy could be a deciding factor ...

More iconic Harleys in India soon? After X-440, Hero & Harley-Davidson may tie-up for more motorcycles; eye exports as well

Hero MotoCorp and Harley-Davidson are likely to announce an expanded partnership in India to introduce a wider range of Harley-Davidson models, focusing on production and export to other markets. The premium motorcycle market is experiencing growth, and Harley-Davidson executives have expressed ...

Auditors failed to raise alarm before 75% of UK corporate collapses

Three in four audit reports did not provide alerts that companies risked going bankrupt, think-tank finds

Nine in 10 landlords raise rents for existing tenants

Tenants in Britain now face larger rent increases from renewing their existing contract instead of moving to a new property, new figures show, as landlords move closer towards open market rates.

Asset Management: Vanguard does the unthinkable

Plus, Calpers’ green investments, easing financial conditions, and Enzo Mari at the Design Museum

Imposing VAT on private schools could be a net cost for the Treasury, research suggests

John O’Connell, chief executive of the TaxPayers' Alliance, said: "VAT on private schools is a clear cut case of a policy gimmick that will do grievous harm to families with potentially pathetic results for revenues."

Iranian rescue teams locate president’s helicopter wreckage, no survivors found at crash site

Iranian President Ebrahim Raisi's helicopter was discovered wrecked in the rugged terrain of Iran's northwest, as confirmed by state media.

Easyjet founder Stelios: UK startup eco-system ‘far better’ than Europe

Sir Stelios Haji-Ioannou told City A.M. there's always money out there for startups.

UK water companies lash out at ‘labyrinthine’ regulatory system

Industry lobby group criticises Ofwat for ‘slow’ and ‘inflexible’ processes that delay vital infrastructure

UK’s AI Safety Institute set to open in San Francisco

The British government is hoping the new office will allow the UK to tap into Silicon Valley's tech talent and strengthen ties with the US.

What happened in the UK's infected blood scandal? Inquiry report will be revealed on Monday

The final report of the U.K.’s infected blood inquiry will be published Monday, six years after it started its work. The inquiry heard evidence as to how thousands of people contracted HIV or hepatitis from transfusions of tainted blood and blood products in the 1970s and 1980s. The ...

Lex in depth: how the hydrogen hype fizzled out

Once viewed as a superfuel that could decarbonise large chunks of the economy, the likely uses are shrinking dramatically

Sour Patch Kids Oreos? Peeps Pepsi? What's behind the weird flavors popping up on store shelves

Surprising flavor combinations – think gravy-flavored Jones Soda or Sour Patch Kids Oreos -- are showing up more frequently in grocery stores and restaurants. Earlier this year, IHOP and Lay’s introduced Rooty Tooty Fresh ’N Fruity potato chips, which were designed to taste like ...

How London’s diversity has helped it take over the world of advertising

Exports from the sector reached £15.6bn in 2022. The sector is expected to grow 4.6 per cent this year, outpacing the wider economy by a large margin.

UK City minister hits out at watchdog’s fraud refund plan

Bim Afolami says PSR’s proposal has ‘significant problems’ in latest sign of tension between Treasury and regulators

Gold surges to record after Iran’s president killed in crash

Gold jumped to fresh record highs after Iran’s president was killed in a helicopter crash. ]]>

Applied Nutrition flexes muscles with plans for £500m float

Performance supplement manufacturer Applied Nutrition has stepped up its plans for a half-a-billion pound float on the London Stock Exchange by meeting over 25 City fund managers in recent weeks.

UK supermarkets in talks about joining forces for Fairtrade products

Bananas, coffee and cocoa could be collectively bought after watchdog indicated it would not challenge anti-competitive behaviour

Biden’s pollution rules throw up barrier to US natural gas projects

Tighter air quality standards follow a pause on new licences for terminals and tougher EU emissions rules

FirstFT: Iran’s president dies in helicopter crash

Also in today’s newsletter, G7 warms to Trump-proofing Ukraine aid and US pushes Israel on political solution to Gaza

Crypto’s fight for legitimacy reaches US president

A bill to strike down the Securities and Exchange Commission's staff accounting bulletin "SAB 121" has become the first-ever crypto bill to reach the US President.

Boost for Centre’s finances! RBI may transfer higher dividend of around Rs 1 lakh crore

Recent actions by the Reserve Bank of India (RBI) signal a larger dividend transfer to boost government finances. As the government's debt manager, the RBI is expected to announce the transfer of its surplus funds to the government towards the end of May.

House prices rise as spring selling season boosts UK property market

The average price of UK property coming to the market reached record levels in May, rising by £2,807, as the spring selling season lends itself to the recovery of the housing market. 

Raising the Stakes – The UK’s Incoming Rules for DeFi & Staking

Over recent months Economic Secretary to the Treasury Bim Afolami has continued to champion the UK’s commitment to building staking regulation. But what is staking and why has it come to the forefront now?

Johnson & Johnson settlement shows the new stakes in litigation finance

Wall Street firms such as Fortress are backing legal showdowns against big companies

Vanguard defends dominance of US equities in EU-domiciled funds

Response follows warnings of ‘unintended consequences’ of passive funds shunning EU corporations

Economic turning point could change course of Sunak's premiership

The Downing Street diary has an enormous red ring circled around Wednesday morning when the Office for National Statistics releases its monthly inflation data.

Stock Market Holiday: Markets Closed Today For Fifth Phase Of Voting

The decision to close the markets was taken to ensure that citizens, including those working in the financial sector, can participate in the electoral process. Trading will resume on Tuesday. The next holiday is scheduled for June 17 for Bakrid.

The Star shares rally on takeover talk

The struggling casino operator’s shares have jumped 20 per cent after it revealed a consortium of parties had flagged interest in buying it.

Meet the fund manager: Picking the best bonds in the world

In this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A.

The kindest thing to do with Star is to find it a new owner

There will always be jackals milling around a smelly corporate carcass. But none will want to pay top dollar for this one.

Aby Rosen was New York real estate royalty. Is his office empire crumbling?

RFR Holding has billions of dollars in debt coming due at a time when valuations are down and financing costs up

'I had no choice but to get a 35-year mortgage'

With more young homebuyers opting for ultra-long mortgages, we hear from people about their personal experiences.

City helps UK pull ahead of rivals to be Europe’s top destination for investment in financial services

The UK has extended its lead as Europe's top destination for investment into financial services despite the impact of Brexit, according to a new survey from EY.

New-Gen Toyota Fortuner Spied, Equipped With Sunroof? Here Is What We Know So Far

Toyota Fortuner: D-segment SUVs do not contribute significantly in overall passenger vehicle sales but the Toyota Fortuner has a dedicated fan base in India.