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    1. Business News
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    Reuters

    Global markets
    Global markets: Asian stocks ease to 2-1/2-year lows, pound lifted by Rishi Sunak’s victory

    The U.S. dollar eased against major peers, while the sterling took aim at this month’s highs after Rishi Sunak was…

    By Reuters
    Updated: October 25, 2022 09:34 IST
    It has shed old line products and recast itself as a digital services provider and supporter of cleaner energies.
    Oil giant Schlumberger rebrands itself as SLB for low-carbon future

    Known in the industry as ‘big blue’, SLB adopts a lighter blue colour and swooping logo that reflects what Le…

    By Reuters
    October 24, 2022 16:59 IST
    Taskin fires Bangladesh to win over Netherlands at T20 World Cup
    Taskin fires Bangladesh to win over Netherlands at T20 World Cup

    Man-of-the-match Taskin ensured the Netherlands’ chase got off to a dreadful start as he removed opener Vikramjit Singh and number…

    By Reuters
    October 24, 2022 14:02 IST
    Austin FC edge Texas rival FC Dallas, advance to West final (1)
    Austin FC edge Texas rival FC Dallas, advance to West final

    Dallas, the third seed in the West, pressed mightily early in the second half to get back in the match…

    By Reuters
    October 24, 2022 09:08 IST
    Tennis-Former coach defends Halep over failed drugs test
    Tennis-Former coach Darren Cahill defends Halep over failed drugs test

    Cahill, who worked with Halep for six years and guided her to her first Grand Slam title – the 2018…

    By Reuters
    Updated: October 24, 2022 09:28 IST
    British Conservative MP Rishi Sunak leaves his home address in London (Reuters image)
    Boris Johnson battling to win support for UK PM comeback bid, Rishi Sunak enters race

    Sunak, the country’s 42-year-old former finance minister, confirmed on Sunday he would enter the competition to replace Liz Truss, vowing…

    By Reuters
    October 23, 2022 17:40 IST
    It was the second such incident in six days. Last Monday, a Sukhoi Su-34 fighter plane crashed into an apartment block in the southern city of Yeysk, near Ukraine, and at least 15 people were killed. (AP photo)
    Russian military plane crashes into residential building in Siberia, 2 pilots killed

    In a statement, the emergencies ministry said the plane crashed during a test flight.

    By Reuters
    October 23, 2022 17:00 IST
    Civilians evacuated from the Russian-controlled city of Kherson arrive by ferry in the town of Oleshky (Reuters image)
    Russian occupation authorities say civilians must leave Kherson ‘immediately’

    Thousands of civilians have been leaving for days across the Dnipro River after warnings of a looming Ukrainian offensive to…

    By Reuters
    Updated: October 22, 2022 18:50 IST
    Civilians evacuated from the Russian-controlled city of Kherson wait to board a bus heading to Crimea (Reuters image)
    Russia says it repelled Ukrainian offensive in Kherson region

    The ministry’s statement said Russian forces had also repelled attacks in the eastern regions of Luhansk and Donetsk.

    By Reuters
    October 22, 2022 18:17 IST
    Hu had appeared slightly unsteady last Sunday when he was assisted onto the same stage for the opening ceremony of the congress. (AP Photo)
    Chinese ex-President Hu Jintao escorted out of party congress

    China’s top legislator Li Zhanshu, seated to Hu’s right, gave the former president’s folder to a steward, wiping his own…

    By Reuters
    October 22, 2022 18:03 IST
    Former British Prime Minister Boris Johnson gestures, at Gatwick Airport, near London (Reuters image)
    Boris Johnson arrives back in Britain to attempt rapid political comeback

    The prospect of the return of Johnson to government is a polarising issue for many in the Conservative Party, which…

    By Reuters
    October 22, 2022 17:32 IST
    Strong growth in travel and entertainment in its international markets helped AmEx beat September-quarter profit estimates.
    AmEx forecasts stronger earnings even as it builds bigger provisions

    Big U.S. banks have said consumers’ financial health has remained strong despite aggressive rate hikes to curb soaring inflation that…

    By Reuters
    October 22, 2022 11:09 IST
    iPhone 15
    Apple’s industrial design head Evans Hankey to leave

    Hankey’s departure was announced inside the Cupertino, California-based firm this week, with Hankey telling colleagues that she will remain at…

    By Reuters
    October 21, 2022 21:07 IST
    The amendment was passed with the required two-thirds majority needed in parliament to pass such laws. A total of 174 members from the 225-member house voted in favour.
    Sri Lanka passes constitutional amendment trimming presidential powers

    Sri Lanka has struggled for months to find enough U.S. dollars to pay for essential imports such as fuel, food,…

    By Reuters
    October 21, 2022 20:35 IST
    "The hopes that the Fed may temper or take the foot off the gas pedal slightly is helping the market," said Andre Bakhos, managing member at Ingenium Analytics LLC in Plainsboro, New Jersey.
    US Stocks: Wall Street jumps on hopes of smaller Fed rate hikes

    Other companies that rely heavily on ad revenue like Alphabet Inc and Meta Platforms Inc fell 0.24% and 2.40%, respectively,…

    By Reuters
    October 21, 2022 20:17 IST
    In what would be an extraordinary comeback, Johnson, who was ousted by his lawmakers in July but remains popular with party members, was being touted alongside Sunak as a likely candidate.
    Boris Johnson, Rishi Sunak lead race to be UK’s next prime minister

    Truss quit on Thursday after six weeks in power. Those who want to replace her must secure 100 votes from…

    By Reuters
    October 21, 2022 18:45 IST
    Pakistan: Supporters protest as former PM Imran Khan is barred from public office

    Prime Minister Shehbaz Sharif welcomed the ruling, writing on Twitter that the prime minister’s post was made into a source…

    By Reuters
    October 21, 2022 18:27 IST
    The slide in mega-cap growth stocks also comes against the backdrop of the benchmark 10-year U.S. Treasury yield hitting 15-year highs on expectations of continued aggressive rate hikes by the U.S. Federal Reserve.
    US Stocks: Nasdaq futures slide as Snap’s ad warning knocks down social media shares

    Other companies that rely heavily on ad revenue including Alphabet Inc, Twitter Inc, Meta Platforms Inc and Pinterest Inc fell…

    By Reuters
    October 21, 2022 17:47 IST
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