business-economy

WION Business Wrap | EU’s $8 bn package for Egypt, Uber to pay $178 mn to Australian taxi drivers and more

  • 2024-03-18 14:19:46

WIONs Business Desk brings you this daily round up of global stories from the world of business and economy. 

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China's industrial output surges in early 2024, offers relief to policymakers

  • 2024-03-18 13:50:10

Industrial output in China surged by 7.0 per cent year-on-year during the January-February period, as revealed by data released on Monday.

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UBS eyes US expansion through wealth management M&A

  • 2024-03-18 13:47:36

Swiss banking powerhouse UBS is eyeing potential merger and acquisition opportunities in the United States in the coming years, according to...

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Venture Global LNG expands fleet and navigates challenges in LNG market

  • 2024-03-18 13:43:04

Venture Global LNG, headquartered in Arlington, Virginia, announced its acquisition of nine liquefied natural gas (LNG) transport vessels on...

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India: A global leader in hiring?

  • 2024-03-18 12:58:52

The Indian job market is surging ahead, leaving its global counterparts in the dust. According to a recent ManpowerGroup Employment Outlook ...

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TSMC explores advanced chip packaging expansion in Japan

  • 2024-03-18 12:27:52

According to Reuters, sources familiar with the matter disclosed that discussions are in the early stages, preferring anonymity due to the c...

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Australia likely to maintain interest rates amid economic slowdown: Report

  • 2024-03-18 12:08:18

According to Bloomberg, the decision, expected to be announced on Tuesday, comes as policymakers navigate uncertainties surrounding the stre...

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Indian real estate sector poised to surge, projected to reach $1.3 tn by 2034

  • 2024-03-18 11:31:02

According to the report titled Building Viksit Bharat-Transformative Role of the Real Estate Sector in India, the sector is expected to soar...

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Reddit's IPO oversubscribed, set to reach $6.5 billion valuation

  • 2024-03-18 11:16:16

This surge in demand positions the social media platform to potentially achieve its targeted $6.5 billion valuation, signalling a strong mar...

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India’s economic growth resembles 2003-07 boom: Morgan Stanley Report

  • 2024-03-18 10:34:01

The report, titled The Viewpoint: India - Why this feels like 2003-07, highlights the key role of capital expenditure (capex) in propelling ...

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Flipkart's valuation drops by $5 bn in two years, Walmart's equity transactions reveal

  • 2024-03-18 10:19:06

The valuation had previously dipped to $35 billion by January 31, 2024, down from $40 billion recorded in the fiscal year ending January 31,...

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Uber agrees to pay $178 million settlement to Australian taxi drivers: Report

  • 2024-03-18 09:40:04

This settlement, described as the fifth-largest in Australias legal history, marks the culmination of a protracted legal battle initiated in...

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EU unveils $8 bn aid package for Egypt amid looming concerns over migration

  • 2024-03-18 09:14:30

This announcement, made amidst mounting concerns over migration pressures, comes as part of a broader strategy to fortify Egypts borders and...

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Meta wins appeal on court order to stop using its name in Brazil

  • 2024-03-16 23:40:31

Meta, formerly called Facebook, changed its name in 2021 in a rebrand that focused on building the metaverse, a shared virtual environment.&...

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Sam Bankman-Fried deserves 40-50 years in prison for FTX fraud, prosecutors tell court

  • 2024-03-16 12:06:01

In November, a jury found Bankman-Fried, 32, guilty on seven counts of fraud and conspiracy. Federal prosecutors in Manhattan said thou...

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Boeing asks airlines to check pilot seat switch after reported mishap led to LATAM plane plunge

  • 2024-03-16 11:51:19

Notably, while Boeing often sends recommendations about its planes to its clients, the recent memo comes after the incident on the LATAM-ope...

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Vodafone sells Italian unit to Swisscom, deal angers Swiss hard-right

  • 2024-03-16 01:01:50

Vodafone, which previously rejected offers from French billionaire Xavier Niels Iliad group for the unit, has been on a cost-cutting campaig...

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India's antitrust body launches probe into Google's in-app billing system

  • 2024-03-16 00:18:57

The Indian startups had urged the Competition Commission of India (CCI) to look into the matter and on Friday, the antitrust body ordered an...

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Auto rivals Nissan, Honda explore partnership in electric vehicles

  • 2024-03-15 16:54:40

Hybrids that combine battery power and internal combustion engines have proved enduringly popular in Japan, accounting for 40 percent of sal...

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