India's economic trajectory is on an upward swing, with a forecasted 6.8 per cent growth in the next fiscal year, according to ratings agency Crisil. The nation's pursuit of becoming the world's third-largest economy by fiscal year 2031 has gained momentum, backed by domestic reforms and favourable cyclical factors.

India's Economic Ascent: Projected to grow 6.8 pc in FY25, country eyes upper-middle-income status by 2031

The Republican-controlled US House of Representatives has successfully passed a $467.5 billion spending package, marking a crucial step to prevent a partial government shutdown.

US House passes $467.5 billion spending bill, averts imminent government shutdown

To address its severe economic challenges, Egypt has inked an expansive $8 billion loan agreement with the International Monetary Fund (IMF). The deal marks a more than doubling of the existing rescue program, following extensive efforts, including a substantial devaluation and a noteworthy interest-rate hike, reflecting Egypt's efforts to tackle its worst foreign-currency crunch in decades.

Egypt boosts economic resilience: Inks $8 billion IMF deal

US regulators are reportedly gearing up for a huge reduction in the additional capital requirements that banks must maintain under the proposed "Basel III" rule.

US regulators poised for significant cut in Basel capital demands amid intense Wall Street opposition

OpenAI has issued an official response to a lawsuit filed by Elon Musk, alleging that the tech entrepreneur pushed for the AI startup to merge with Tesla or grant him full control.

OpenAI and Elon Musk in legal tangle: AI mission derailed by clash over control and profit

A leading think tank, the Institute for Fiscal Studies (IFS), has cautioned that tax cuts announced in Wednesday's Budget won't fully offset the impact of tax increases and rising prices, as per a BBC report.

UK Budget tax cuts won't offset rising prices, warns think tank

A bipartisan group of US lawmakers has introduced a bill aimed at addressing national security concerns surrounding the popular video-sharing app TikTok, which is owned by the Chinese tech giant ByteDance.

US lawmakers introduce bill targeting TikTok over national security concerns

Pakistan's newly appointed Prime Minister, Shehbaz Sharif, has directed authorities to expedite negotiations with the International Monetary Fund (IMF) as the country's existing $3 billion bailout program approaches its conclusion in April.

Pakistan's prime minister initiates talks with IMF for crucial loan renewal

An Chinese former software engineer from Google has been charged in the US for allegedly stealing trade secrets related to artificial intelligence (AI) while working secretly for two Chinese companies, reports said on Thursday.

Former Google engineer faces charges for stealing AI secrets for Chinese companies

Apple encountered a significant setback in China as its iPhone sales plummeted by 24 per cent in the initial six weeks of 2024, as revealed by a report by research firm Counterpoint.

Apple faces 24 pc dip in China iPhone sales amid Huawei's 64 pc surge

Swiss chocolatier Lindt & Spruengli reported a surge in annual profit on Tuesday, attributing the increase to successful price adjustments amid soaring ingredient costs and a sluggish global chocolate market.

Lindt reports record 2023 profits while global chocolate market slows down

AlShaya Group, the retail giant holding the Starbucks franchise rights in West Asia, is set to lay off more than 2,000 employees as a consequence of dwindling consumer support stemming from the Gaza war-related boycotts.

Starbucks West Asia franchise AlShaya to cut thousands of jobs amid boycott fallout

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