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JSW Motors Ties Up $826 Million Funding From India’s Top Bank
Billionaire Sajjan Jindal’s automotive business has secured about 80 billion rupees ($826 million) funding line from India’s largest lender, keeping its plans for a new energy vehicle venture on track.
Australia’s unemployment rate jumps to 4.5% in ‘tentative signs labour market is buckling’
Surprise rise in jobless rate will give Reserve Bank more reason to delay another interest rate hike at June meetingFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralia’s unemployment rate has jumped to 4.5% in April to reach the highest in about four-and-half-years, amid fears rising interest rates and the global oil crisis will smash economic growth.The number of employed people unexpectedly fell by 18,600 in the month – the...
Kevin O'Leary's 'investment tip' to youngsters: Stop spending money on coffee, sandwiches
Canadian investor Kevin O'Leary urges young professionals to save daily spending on coffee and sandwiches for investment. He believes this habit builds wealth over time. O'Leary also warns that America's energy grid is not ready for the AI boom. He highlights China's rapid power expansion. Investors should also note his views on interest rates and tariffs.
India Mulls All Options, Including Rate Hike, as Rupee Slumps
The Reserve Bank of India is considering all of its available options to stabilize the rupee, including an interest rate hike, more currency swaps and raising dollars from investors overseas, according to people familiar with the matter.
Jamie Dimon on Bond Market, Inflation and Equities
CEO of JPMorgan Chase Jamie Dimon speaks exclusively with Bloomberg's Haslinda Amin about the rout in bond markets, the risk of heightened inflation, and why corporate earnings remain so high. (Source: Bloomberg)
Ambani’s $4 Billion Jio IPO Hits Roadblocks on Iran War Impact
Reliance Industries Ltd.’s plan to sell shares in digital arm Jio Platforms Ltd. — potentially India’s biggest-ever initial public offering — is running into a thicket of challenges exacerbated by the war in Iran.
Nvidia posts record profit and revenue amid AI chip boom
Chip giant announces $80bn stock buyback scheme and dividend hike in boon to shareholders.
Senate panel hears testimony on online sports betting, prediction markets
Law Senate panel hears testimony on online sports betting, prediction markets May 20, 202611:01 PM ET By Alana Wise A Senate subcommittee lawmakers on Wednesday questioned sports betting industry officials during a hearing focused on recent cheating scandals, companies' marketing tactics and regulatory battles. Mariam Zuhaib/AP hide caption toggle caption Mariam Zuhaib/AP U.S. lawmakers grilled representatives of sportsbook and prediction market companies about their aggressive marketing tactic...
Children in England to be offered free bus trips this August
Chancellor Rachel Reeves is to reveal a £100m fare-free bus scheme designed to relieve cost-of-living pressures.
Govt reopens offshore oil frontier
ISLAMABAD: For the first time in nearly 20 years, the government on Wednesday awarded two dozen offshore blocks for exploration, attracting an initial investment of $82 million during the first phase of a three-year licensing period. According to an official statement from the petroleum ministry, the total investment is projected to reach $1 billion if exploration activities progress to the second phase. Petroleum Minister Ali Pervaiz Malik witnessed the signing of production sharing agreements...
As Ryanair boss says 'weaker airlines could go bust', is Michael O'Leary right to be so confident about his own company surviving the jet fuel crisis?
As Ryanair boss says 'weaker airlines could go bust', is Michael O'Leary right to be so confident about his own company surviving the jet fuel crisis?READ MORE: Ryanair is axing millions of seats across Europe in major flight schedule update - here's the full list of those affectedSee more Daily Mail on Google - save us as a Preferred SourceBy ALESIA FIDDLER - TRAVEL REPORTER Published: 00:53, 21 May 2026 | Updated: 03:34, 21 May 2026 e-mail 10 View comments
IMF wraps up Pakistan visit following talks with authorities on reforms, budget
The International Monetary Fund (IMF) mission visiting Pakistan concluded talks with authorities focusing on economic developments, fiscal plans for the next financial year, and progress on reforms under the country’s IMF-supported programmes, the international money lender said in a statement issued early on Thursday. The statement said that the mission visited Islamabad from May 13 to May 20, with the visit focusing on “recent economic developments, reform implementation, and the budget strat...
How Trump's IRS settlement could block tax audits of him, his family and their businesses
How Trump's IRS settlement could block tax audits of him, his family and their businesses9 minutes agoShareSaveAdd as preferred on GoogleLisa LambertWashingtonGetty ImagesThe US Department of Justice has announced that this week's unprecedented settlement of President Donald Trump's lawsuit over the leaking of his tax returns blocks the IRS from reviewing tax filings that Trump, his family and his businesses made in the past.Some lawmakers and legal experts say the department has violated federa...
Situationer: New Energy Vehicle policy plagued by contradictions
• Framework places both plug-in hybrids and combustion engines in 1pc sales tax category with e-vehicles• Stakeholders say move will distort industry, discourage sale of e-vehicles, localisation efforts THE New Energy Vehicle (NEV) policy, designed to accelerate the transition towards cleaner electric mobility and reduce oil dependence, is facing criticism over a fundamental policy contradiction: the decision to place plug-in hybrid electric vehicles (PHEVs) in the same preferential incentive ca...
Hormuz chaos nears month 3: Oil prices climb as tightened supplies squeeze fuel reserves
Oil prices edged higher as supply disruption fears from the Iran conflict and falling US crude stockpiles emerged. Brent crude reached $105.83 and WTI $99.23, recovering from a sharp decline after US-Iran negotiation reports. Tensions around the Strait of Hormuz persist, impacting global shipments and forcing nations to tap reserves.
Months after tie-up with OpenAI and Anthropic, Intuit to layoff 3,000 employees
Financial software giant Intuit is reportedly laying off nearly 17% of its global workforce, impacting around 3,000 employees. This significant restructuring, aimed at simplifying operations and boosting AI integration, follows recent partnerships with OpenAI and Anthropic. The move comes as Intuit, like other tech firms, pivots towards AI-driven efficiencies amidst broader industry layoffs.
Australia's unemployment shock: Jobless rate surges to 4.5 per cent as thousands of jobs vanish
Australia's unemployment shock: Jobless rate surges to 4.5 per cent as thousands of jobs vanishSee more Daily Mail on Google - save us as a Preferred SourceBy AAP Published: 02:58, 21 May 2026 | Updated: 02:58, 21 May 2026 e-mail View comments
FAO warns of agrifood shock from Strait of Hormuz closure - Emirates 24|7
FAO warns of agrifood shock from Strait of Hormuz closure Emirates 24|7
Carlyle's Thomas Sees BOJ Hiking Rates in June
Carlyle Global Research and Investment Strategy Head Jason Thomas expects the Bank of Japan to hike interest rates in June this year. He speaks with Haidi Stroud-Watts and Shery Ahn on "Bloomberg: The Asia Trade." (Source: Bloomberg)
Australia’s Surprising Jump in Unemployment Trims Rate-Hike Bets
Australia’s unemployment rate unexpectedly climbed in April, suggesting the labor market is beginning to cool in response to rising interest rates and an energy shockwave from the Middle East conflict.