Wednesday, April 24, 2024

Business

US probing Gautam Adani over potential bribery, Adani Group says ‘not aware’

The United States has widened its investigation of Adani Group to focus on the conduct of its founder, Gautam Adani, and whether the company may have engaged in bribery, Bloomberg News reported on Friday.

WTO conference ends in division and stalemate – does the global trade body have a viable future?

Jane Kelsey, University of Auckland, Waipapa Taumata Rau The 13th World Trade Organization (WTO) ministerial conference in Abu Dhabi...

McDonald’s misses sales target, blames Israel’s war in Gaza

McDonald’s, one of the most iconic US brands, attributes its failure to meet the first quarterly sales target in almost four years to Israel’s genocidal war in Gaza. This decline follows a call for a McDonald’s boycott by customers in Muslim countries, sparked by the Israeli franchisee's donation of thousands of free meals to the Israeli military.

It will take more than 200 years to end poverty: Oxfam

As the rich elites from around the world gather for the World Economic Forum at Davos, Oxfam released...

IMF warns India that its debt may exceed 100% of GDP, Union disagrees

The International Monetary Fund warned India on Tuesday that its government debt may exceed 100% of its gross domestic product, or GDP, in the medium term.

Indian rupee hits all-time low of 80 against US dollar

The Indian rupee touched another record low as foreign investors continued to sell the nation’s equities. The rupee declined to 80.06 per dollar on Tuesday.

Elon Musk says he is terminating Twitter deal

Elon Musk has said he is terminating a $44bn deal to buy Twitter, saying the social media company did not provide information about fake or spam accounts on the platform.
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Gautam Adani unseats Mukesh Ambani as Asia’s richest billionaire

The Indian coal mining tycoon Gautam Adani has become Asia’s richest person, according to figures from Forbes and Bloomberg.

Facebook loses daily users for the first time

Facebook's global daily active users declined from the previous quarter for the first time, to 1.929 billion from 1.930 billion, news agencies reported.
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Union govt to become Vodafone Idea’s major shareholder with 35.8% stake

Vodafone Idea announced Tuesday that it will accept the Indian government’s proposal to convert its spectrum and adjusted gross revenue (AGR) dues to equity, making the government the largest shareholder of the company.

World economy in 2022: Big factors to watch closely

Muhammad Ali Nasir, University of Huddersfield Will 2022 be the year where the world economy recovers from the pandemic? That’s the big question on everyone’s lips as the festive break...
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Omicron and market sell-off

Arturo Bris, International Institute for Management Development (IMD) Until the Omicron variant hit the headlines, the signs were that 2021 was going to close with a stellar stock-market performance. Most...

Pandemic impact on jobs, worse than expected: ILO

The jobs recovery is stalled worldwide and disparities between advanced and developing economies threaten the whole global economy, warned the International Labour Organization (ILO) on Wednesday.
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Gautam Adani’s wealth grew four times to Rs 5 lakh crore in one year

Indian billionaire industrialist Gautam Adani’s wealth grew almost four times from INR 1.04 lakh crore to INR 5.05 lakh crore in the last year,  a report released by IIFL Wealth and Hurun India has said.

Boosting production only hope for least developed countries post pandemic

The world’s poorest countries will remain on the margins of the global economy if States are unable to boost economic production, and the international community fails to provide more support, the UN Conference on Trade and Development (UNCTAD) warned.
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Vaccine, PCR test needed to enter Expo Dubai

The six-month world fair, featuring exhibitions by 192 countries, is expected to attract more than 20 million international visitors when it opens on October 1 after a year's delay.

iD Fresh Foods files complaint against anti-Muslim campaign

Ready-to-cook food brand, ID Fresh Foods, has filed a case against communal accusations against it as false Whatsapp forwards by Hindutva groups accused the brand of mixing cow bones and calf rennet in their batter alleged the food start-up of employing only Muslims'.
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