Nvidia shares reached a new peak on Tuesday in anticipation of the chip designer's upcoming quarterly earnings report, reflecting its reliance on the artificial intelligence upswing.

AI boom helps Nvidia shares reach new peak ahead of quarterly results

The Group of Seven's (G7) imposed cap on Russia's flagship oil price has seen limited repercussions on the provision of Western trade services as the price surged beyond the cap.

G-7 services remain unaffected despite Russia's flagship oil price crossing $60

The BRICS Summit is all set to take place from August 22 to 24 at Johannesburg, South Africa. The leaders of India, China, Brazil and South Africa will be attending the meeting, while Russia will be represented by its foreign minister.

BRICS Summit 2023: What to expect on the economic front?

Brazil is set to import a record quantity of Russian petroleum this month, cementing Russia's status as the Latin American country's main supplier as Moscow seeks new markets in the aftermath of a European Union embargo.

Brazil buys record amount of petrol from sanctions-hit Russia

Indian officials are contemplating reallocating as much as $12 billion (1 trillion rupees) from ministry budgets to curb food and fuel prices without compromising the government deficit objective, according to a Bloomberg report quoting sources.

India aims to allocate $12 billion to address inflationary pressures: Report

Amazon.com Inc. is going to impose a new price on merchants who do not utilize the company's logistical services, a move that many of these sellers see as coercive and unexpected given that the US government is preparing to sue the e-commerce behemoth.

Amazon imposes new fees on sellers who ship their own packages

The latest Ministry of Finance data reveals a notable surge in income tax return filers. However, a deeper analysis of the figures indicates a significant disparity in the number of individuals who have actually paid their income tax in FY23 compared to the estimated numbers from FY20.

India: 60 per cent decline in people who actually paid income tax since 2020

Is it time for India to reevaluate its inflation and monetary policy trajectory? Are the markets and central bank underestimating the inflation risk, just like they did in 2021?

India's inflation outlook: Does the central bank need to re-evaluate its monetary policy?

The World Trade Organization (WTO) said China's tariffs on $2.4 billion of U.S. goods, in response to then-U.S. President Donald Trump's steel and aluminum charges, breached its core trade agreements.

WTO rules in favour of US, declares China's retaliatory tariffs contrary to group's principles

Estée Lauder, a prominent beauty brand, is grappling with a series of challenges in both the Chinese and U.S. markets. CEO Fabrizio Freda is pressured to reverse the brand's declining fortunes and strengthen its foothold in these critical regions.

Facing the mirror: Estée Lauder reflects on China struggles, US sales slump

The U.S. Consumer Financial Protection Bureau (CFPB) is poised to introduce fresh regulations aimed at companies involved in collecting and selling personal data.

US regulatory body set to unveil measures for 'Surveillance Industry'

VinFast Auto Ltd., a Vietnamese electric vehicle manufacturer, made its public debut on Tuesday. Following its listing in New York, the company's share price rose by a whopping 175 per cent, adding $30.

Vietnam’s richest man gains $30 billion after his EV company goes public

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