China's central bank slashed the interest rate on its one-year policy loans by the most on record, beginning a sweeping program aimed at reviving confidence in the world's second-largest economy, according to a report by Bloomberg.

China reduces 1-year policy rate by record amount in stimulus drive

In a letter on Tuesday, the new Starbucks CEO Brian Niccol said that he "deeply respects" the right of the coffee chain's workers to choose to be represented by a union and said that he was committed to "engage constructively.

Starbucks CEO Niccol pledges to "engage constructively" with workers' union

Cambodian Prime Minister Hun Manet said he was withdrawing his country from a development agreement with neighbouring Vietnam and Laos after protests that it was benefitting foreign interests.

Cambodia withdraws from regional development agreement following protests

India-based hotel chain Oyo's parent company is to buy budget motel chain Motel 6, according to reports. The New York-based investment firm Blackstone said in a statement on Friday that the deal with the parent company, G6 Hospitality, would be an all-cash transaction worth $525 million.

Motel 6 sold to Indian hotel operator in $525 million deal

Australian Treasurer Jim Chalmers said he's hopeful the next data on hand will show encouraging progress in the fight against inflation but is less certain whether or not the central bank would be ready to cut interest rates this week, according to a report by a Bloomberg.

Australian treasurer anticipates progress in combating inflation

The Hinduja group is on the income tax department's radar for allegations of tax evasion. According to information received by Zee Media from important sources, the income tax department has imposed the provision of anti-tax avoidance on the group companies.

Hinduja group under investigation: Tax department eyes profit from sale of health business

Masdar is near finalising a deal to buy Spanish renewable energy firm Saeta Yield SA from Brookfield Asset Management, according to people familiar with the matter, according to a report by Bloomberg.

Clean energy company Masdar close to acquiring Brookfield's Saeta Yield

Sri Lankans vote in a presidential election that will chart the country's future in recovery from its worst economic crisis and subsequent political turmoil. The election, with 38 candidates, effectively presents a three-way showdown between incumbent liberal President Ranil Wickremesinghe, legislator Anura Kumara Dissanayake, and opposition leader Sajith Premadasa.

Sri Lanka polls: Presidential election pivotal to economic recovery

Brazil said it will cut the overall amount of its spending freeze to 13.3 billion reais ($2.4 billion) this year to meet its fiscal goal as investors become increasingly worried over public expenditures.

Brazil reduces 2024 spending freeze in response to investor budget worries

Australia expects to wrap up an agreement with the United States over critical minerals before the end of the year, Prime Minister Anthony Albanese said on Friday, according to a report by Bloomberg.

Australia aims to finalise critical minerals agreement with US this year

Intel Corp. shares rose after the Wall Street Journal said Qualcomm Inc. approached the company about a takeover, a potential record-setting deal for the chip industry, according to a report by Bloomberg.

Intel rises following report of Qualcomm's takeover approach

Donald Trump, the Republican presidential candidate, described the move by the Federal Reserve to cut its benchmark interest rate by half a percentage point as a " political move," and said it would have been better if the move had been smaller, according to a report by Bloomberg.

Trump condemns Fed rate cut as a ‘political move’ destined to fail

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Zee News Rajasthan

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