US tech giant Apple's shares dropped sharply for the second consecutive day on Thursday, leading to its market value falling by nearly $200 billion. The rout in Apple shares was triggered by reports that China planned to extend a ban on the use of iPhones to government-backed organisations and state corporations.

US tech giant Apple loses $200 billion in 2 days. And there's a China connection

Imbue, a startup building large language models to power artificial intelligence tools, has raised $200 million from investors, including Nvidia, at a valuation of over $1 billion.

AI startup Imbue tops $1 billion valuation

The upcoming G20 summit in New Delhi will be unlike any other held in the past. It comes at a time when the world faces significant headwinds - from the COVID-19 pandemic, the Ukraine war, and an economic slowdown in China and Europe.

G20 Summit 2023: Decoding the key economic agendas for the meeting

In an effort to promote the adoption of electric vehicles (EVs), the Biden administration has allocated $12 billion in grants and loans to assist automakers and suppliers in adapting their manufacturing facilities to produce electric and advanced vehicles, Energy Secretary Jennifer Granholm said on Thursday.

US government allocates $12 billion for advanced vehicle manufacturing and suppliers

If there is one Indian innovation that has grabbed global headlines, it is undoubtedly the UPI or Unified Payments Interface payments system. UPI's place of pride in India's growth story could be easily gauged by Prime Minister Narendra Modi's statement at the recently-concluded BRICS meeting: "UPI is used at all levels from street vendors to large shopping malls.

UPI goes global: The past, present & future of India's payments platform

Veteran media executive Mark Thompson will be CNN's new CEO and chairman, starting October 9. "There isn't a more experienced, respected, or capable executive in the news business today than Mark, and we are thrilled to have him join our team and lead CNN Worldwide into the future," CNN quoted David Zaslav, CEO of Warner Bros.

Mark Thompson to takeover as CEO and Chairman of CNN

Russia, one of the world's largest oil producers, is encountering fuel shortages, which may be critical for harvesting in some regions of its southern breadbasket.

Domestic fuel shortages grip Russia, more challenges ahead

Walt Disney is aiming to resurrect its streaming business in India by broadcasting free cricket on cell phones, believing that the move would increase advertising income and counter the impact of a customer exodus.

Disney banks on free cricket for streaming edge in India

The Minnesota Mining and Manufacturing Company (3M) has agreed to pay $6.01 billion to resolve claims filed by U.S. military veterans and service members, alleging hearing loss as a result of using the firm's earplugs, the company and plaintiffs' lawyers announced on Tuesday.

3M to settle US military earplug lawsuit for $6 billion

Months after the US-based short seller Hindenburg Research raised questions about its business dealings, India's Adani group is once again in the line of fire. A nonprofit media organisation has said that business partners of the Adani family used 'opaque' funds to invest in its stocks.

Business partners of Adani family used 'opaque' funds to invest in its stocks: Report

China halved the stamp tax on stock trading on Monday, the latest move to bolster the faltering share market amid a slowdown in economic recovery. In a short statement on Sunday, the finance ministry said it was lowering the 0.

China halves stock trade stamp duty in bid to revive slumping market

India is poised to witness the driest monsoon rains in eight years, with the El Nino weather pattern limiting September precipitation following an August that is on track to be the driest in more than a century, two meteorological department officials told Reuters.

India nearing 8-year low in monsoon rainfall: Sources

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