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New Delhi
WION's Business Desk brings you this daily round up of global stories from the world of business and economy.
Federal Reserve holds rates steady amid high projections for 2024 rate cuts
The US Federal Reserve has decided to maintain its benchmark interest rates at 5.25-5.50 per cent for the fifth consecutive meeting, according to an announcement made after the Federal Open Market Committee (FOMC) meeting on March 20.
US Justice Department set to sue Apple for alleged antitrust violations
Apple is facing impending legal action from the US Justice Department, which is expected to file a lawsuit as early as Thursday.
Reddit IPO hits high note, raises $748 million with top-end pricing: Report
In a significant development for the technology IPO market, social media giant Reddit has priced its initial public offering (IPO) at the pinnacle of its indicated range, raising a staggering $748 million.
India's Akasa Air stays upbeat on Boeing 737 MAX delivery schedule despite production concerns
Amid escalating concerns over Boeing's production schedule for its 737 aircraft series following a mid-air incident earlier this year, India's Akasa Air remains optimistic about the timely delivery of its ordered Boeing 737 MAX jets, affirmed the airline's CEO.
Intel embarks on $100 bn investment in US chip manufacturing expansion
Intel Corporation has announced a $100 billion spending initiative across four states in the United States, aimed at strengthening and expanding its chip manufacturing capabilities.
Hindenburg Research accuses Equinix of inflating profit metric, misleading investors
Hindenburg Research, renowned for its critical analyses of various companies, has set its sights on Equinix, an $80 billion data centre provider, accusing the company of presenting shareholders with an "AI pipe dream" while allegedly manipulating key metrics to enhance profitability.
Luxury giant Hermes faces antitrust lawsuit over exclusive Birkin bag sales
French luxury powerhouse Hermes finds itself embroiled in legal turmoil as it faces an antitrust class action lawsuit in California, centring on allegations of restricting the sale of its coveted Birkin handbags to customers deemed to have "sufficient purchase history" with the brand.
Chipotle shares surge beyond $3,000 following historic stock split announcement
Chipotle Mexican Grill's shares soared beyond the $3,000 mark for the first time on Wednesday, closing 3.5 per cent higher after the company's board of directors approved a monumental 50-for-1 stock split.
China's Deputy Central Bank Governor signals further monetary easing measures
Xuan Changneng, deputy governor of the People's Bank of China (PBOC), has emphasised the ample room for manoeuvring within China's monetary policy.