The cost of serving sandwiches alongside a cup of coffee in Australian coffee shops has skyrocketed to an unprecedented level, severely diminishing profit margins and triggering a wave of closures for establishments that managed to survive the impact of the COVID recession.

Australia's expensive coffee: how inflation has taken a toll on Australian coffee shops

The Reserve Bank of India (RBI) unveiled a groundbreaking draft regulation that grants debit, credit, and prepaid cardholders the authority to select their desired card network.

Credit card network revolution: RBI grants Indian customers the power to choose

Official data released on Monday revealed that Egypt's year-on-year headline inflation reached an unprecedented 35.7 percent in June, exceeding the previous record of 32.

Egypt's inflation pyramid: inflation surges to 35.7 percent in June

The world of Artificial Intelligence changed forever on November 30, 2022, when OpenAI's ChatGPT went public. By December 5, it had over one million users. That was faster than Facebook, Instagram and Spotify – all of them took more than a month to reach the landmark – but slower than Meta’s latest offering Threads.

Thinking beyond ChatGPT: Generative AI is a trillion dollar technology waiting to be tapped

The Indian startup ecosystem is currently experiencing a challenging funding landscape as we reach the halfway point of 2023. Global uncertainty, economic fragility, and a freeze on venture capital investments have combined to create a significant hurdle for these innovative companies.

Funding Freefall: Indian startups take a dive in 2023

The Chinese stock market is bracing for a potential shockwave as approximately $28 billion of locked-up funds are set to be released, Bloomberg reported. These funds, which have been held in mutual funds for the past three years, will allow frustrated investors to explore alternative investment options outside the realm of equities.

Chinese stock market on edge as $28 billion locked-up funds approach maturity

China's factory-gate prices experienced their sharpest decline in seven-and-a-half years in June, indicating a weakening demand for industrial and consumer products and highlighting concerns about the country's economic health.

Deflating Demand: China's factory gate prices plummet at record pace

Chinese authorities are reportedly set to impose a fine of at least 8 billion yuan ($1.1 billion) on Ant Group, signaling the end of the fintech company's extensive regulatory restructuring.

Ant group stung with a $1.1 billion fine: Fintech's regulatory odyssey ends

Byju's, the troubled edtech firm, is taking steps to address its current challenges by forming a Board Advisory Committee (BAC) to provide guidance to the CEO and advise on the company's governance structure.

Byju's puts focus on governance: Independent directors to drive revamp

A recent report by B4Ukraine and the Kyiv School of Economics shed light on the financial activities of global corporations operating in Russia, exposing their significant revenues and minimal tax contributions.

Funding the Fire: Multinationals' Profits and the Flames of Conflict in Ukraine

Japan's nominal base salary experienced its most rapid growth in 28 years in May, according to government data cited by Reuters released on Friday, intensifying the discussion surrounding the timing of the central bank's withdrawal from its ultra-loose monetary stimulus.

Japanese wages break records: Fastest growth in 28 years ignites stimulus exit debate

Amidst a struggling oil market, Saudi Arabia and Russia, the world's leading oil producers, have intensified their focus on achieving market stability while positioning themselves to spearhead initiatives that can provide much-needed support to the flagging oil market.

Saudi Arabia says cooperation with Russia over oil 'going strong'

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Zee News Rajasthan

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