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    1. Business News
    2. Authors
    3. reuters

    Reuters

    Sri Lankans have faced acute shortages of fuel and other basic goods for months, leaving it in political turmoil and inflation which is now soaring at almost 65%.
    Crisis-hit Sri Lanka strikes preliminary loan pact with IMF

    The government did not respond to requests for comment, although Sri Lanka’s new President Ranil Wickremesinghe had told its parliament…

    By Reuters
    August 31, 2022 18:36 IST
    Reducing taxes on automobiles can boost sector, benefit economy: Vikram Kirloskar 
    Toyota triples planned investment to $3.8 billion in U.S. battery plant

    The Liberty plant is slated to open in 2025. PPES will provide expertise in battery making technology and equipment, Bafunno…

    By Reuters
    August 31, 2022 17:48 IST
    Meanwhile, mixed economic data signaling easing price pressures and strong labor market has weighed on investors' mind heading into September, which is a typically a weak month for stock market returns.
    US Stocks: Wall Street set for higher open as tech stocks rebound, oil drops

    Heavyweight technology and growth stocks such as Apple Inc , Alphabet Inc and Nvidia Corp which took a beating in…

    By Reuters
    Updated: August 31, 2022 18:54 IST
    The STOXX share index of 600 companies dropped 0.5% to a six-week low, leaving it down about 14% for the year.
    Global Markets: Interest rate and recession fears knock stocks and oil

    The MSCI all-country stock index eased 0.2% on the day and was down 18.5% for the year as war in…

    By Reuters
    August 31, 2022 17:02 IST
    Snap shares fell 4% in extended trading as Wall Street turns wary of the future of its advertising business, which brings in a large chunk of its revenue.
    Snap top ad executives exit amid report on staff cut plans

    The company’s shares have lost nearly 39% since it posted results on July 21, contributing to an 80% decline this…

    By Reuters
    Updated: August 31, 2022 15:48 IST
    taiwan china conflict
    Taiwan vows counter-attack if China’s forces enter its territory

    Beijing, which claims Taiwan as its own against the strong objections of the government in Taipei, has held military exercises…

    By Reuters
    August 31, 2022 15:33 IST
    Turkish authorities later banned the use of crypto assets for payments while some local exchanges were investigated for fraud.
    Fugitive Turkish crypto fraud suspect arrested in Albania resort

    Erarslan also said the company covered the losses of more than 800 people who lost money as the exchange crashed.

    By Reuters
    Updated: August 31, 2022 15:21 IST
    Reuters reported on Tuesday that e-commerce leader Alibaba Group Holding Ltd has also been selected.
    JD.com, Yum China among Chinese firms chosen for U.S. audit inspection: Sources

    Their respective accounting firm Deloitte and KPMG have also been informed of the audit work inspection, added the people, declining…

    By Reuters
    Updated: August 31, 2022 13:15 IST
    EV battery
    Japan calls for $24 billion investment to boost battery competitiveness

    Batteries are central to the government’s target of becoming carbon neutral by 2050 as they are critical for the electrification…

    By Reuters
    Updated: August 31, 2022 13:01 IST
    Siti Nurbaya Bakar
    G20 host Indonesia urges cooperation to tackle global climate issues

    Indonesia’s Environment Minister Siti Nurbaya Bakar said countries must jointly arrest global warming or see the planet pushed to a…

    By Reuters
    August 31, 2022 11:12 IST
    japan long range missiles
    Japan plans to develop longer-range missiles to counter China, Russia

    The procurement plan unveiled in the Ministry of Defence’s annual budget request represents a clear departure from a decades-long range…

    By Reuters
    August 31, 2022 10:51 IST
    Mikhail Gorbachev death
    Last Soviet leader Mikhail Gorbachev, who ended the Cold War, dies aged 91

    Gorbachev, the last Soviet president, forged arms reduction deals with the United States and partnerships with Western powers to remove…

    By Reuters
    August 31, 2022 10:36 IST
    US life expectancy, covid 19
    COVID-19 drives down US life expectancy for the second straight year: Report

    The nearly one-year decline from 2020 to 76.1 years marked the largest two-year drop in life expectancy at birth in…

    By Reuters
    August 31, 2022 10:04 IST
    US covid 19 vaccines
    US government plans to move COVID vaccines, treatments to private markets in 2023

    President Joe Biden’s administration expects to run out of federal funding for buying and distributing COVID-19 vaccines by January, although…

    By Reuters
    August 31, 2022 09:06 IST
    Global Markets: Shares and bonds stabilise on pause in bad news

    Global markets are extremely sensitive to such hawkish comments from key policymakers at the moment, as they hope for a…

    By Reuters
    August 30, 2022 18:30 IST
    Musk's bold goal of selling 20 million EVs could cost Tesla billions
    Musk’s bold goal of selling 20 million EVs could cost Tesla billions

    Musk’s audacious goal of selling 20 million electric vehicles in 2030 is at the centre of the company’s growth promise…

    By Reuters
    Updated: August 30, 2022 15:50 IST
    Huobi founder Leon Li was exploring a stake sale in the company, people familiar with the matter told Reuters earlier this month.
    Crypto exchange FTX’s CEO says no plan to buy China’s Huobi

    Bankman-Fried in recent months has thrown lifelines to several digital asset platforms, including cryptocurrency lenders BlockFi and Voyager Digital.

    By Reuters
    Updated: August 30, 2022 17:13 IST
    Cryptocurrency has gained its popularity in the Southeast Asia's biggest economy with total transaction volume of the crypto assets in 2021
    Indonesia’s tech firm GoTo buys local crypto exchange for $8.4 mln

    GoTo acquired 100% shares of PT Kripto Maksima Koin for 124.84 billion rupiah ($8.38 million).

    By Reuters
    Updated: August 30, 2022 14:48 IST
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    Latest News

    Jefferies Star Health buy rating with 34 percent upside

    Jefferies has a Buy rating on this health insurer with 34% upside potential: Here’s why

    MCG Pitch Favouring Chasers Greets India-Australia for 2nd T20I Amidst Rain Threat / Representational Photo

    India vs Australia 2nd T20I: Can rain disrupt play again? Check weather and pitch report ahead of Melbourne clash

    jio google ai pro

    Reliance Jio offers free Google AI Pro for 18 months: Here’s how to get the deal

    JLL India housing market report 2025 premium housing trends

    India’s housing market shifts: JLL India lists out why developers are betting on premium homes; Mumbai, Bengaluru lead

    ‘Trained to manipulate and seduce,’ Ex-Russian spy spills secrets on how she hunted Silicon Valley techies

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