In a bid to shield consumers from the surging prices of cereals and in preparation for the upcoming general election early next year, India on Saturday announced a five-year extension of its free food grains program.

India extends free food grain programme to tackle rising cereal prices: Report

WeWork, the office-sharing start-up backed by SoftBank Group, which once held the title of the most valuable U.S. start-up, filed for bankruptcy protection, a Reuters report said on Monday.

WeWork, once a pinnacle of tech innovation, files for bankruptcy as challenges mount 

Citigroup is reportedly contemplating substantial job reductions of at least 10 per cent in several of its major business segments as part of a comprehensive reorganisation effort led by CEO Jane Fraser, a CNBC report said citing sources.

Citigroup considers significant job cuts in major restructuring: Report 

Tesla, the electric vehicle pioneer, is reportedly gearing up to produce a more affordable electric car with a price tag of 25,000 euros (approximately $26,838) at its factory located near Berlin, a Reuters report said, citing an anonymous source familiar with the matter.

Tesla plans to launch affordable 25,000-euro car in Germany: Media reports

The ongoing war in Gaza has hurt Egypt’s tourism sector, especially in the southern Sinai region along the Red Sea. Now, in a bid to shore up its falling revenue, Egypt is all set to offer several incentives for the sector.

Egypt's tourism sector struggles

In Mexico, businesses, especially those in the real estate and construction sectors, are embracing the concept of "nearshoring" to drive profits and stimulate economic growth, primarily in industrial zones near the U.

Mexican 'nearshoring' fosters optimism in business landscape 

Bumble founder Whitney Wolfe Herd will step down as CEO of the dating apps operator and hand over the role to seasoned executive Lidiane Jones, knocking its shares down 10% to a record on Monday.

'Breakup?': Bumble founder Whitney Wolfe Herd to step down as CEO; shares drop after announcement

In a strategic move to ease financial pressures, Indian ed-tech giant Byju's is in advanced talks to sell its US-based kids' digital reading platform, epic! creations, for approximately $400 million. this comes as part of Byju's plan to streamline its business operations and address financial challenges.

India’s Byju's in talks to sell epic! creations | World Business Watch

Mexico's economic landscape is undergoing a dynamic transformation, driven by a phenomenon known as 'nearshoring.' Nearshoring is a business practice that relocates manufacturing closer to the target market, and it's changing the game for Mexican businesses, particularly in real estate and construction.

Mexico embraces nearshoring

In the heart of Ukraine’s ongoing conflict with Russia, a transformation is underway. Ukraine's state-owned arms manufacturer is flexing its muscles, increasing its overall output by 62% by the year's end. This boost is a response to the ongoing conflict with Russia, and an effort to ensure a stable supply of military equipment.

Russia-Ukraine war: Ukraine's arms production rises by 62%

Elon Musk's SpaceX is on track to book revenues of about 9 billion dollars & register earnings of over 3 billion dollars this year, across its rocket launch and Starlink businesses. Moreover, the company's sales are projected to rise to around 15 billion in 2024.

Report: SpaceX to book revenues of about $9 billion in 2023 | World Business Watch

The world's transition toward a sustainable, net-zero emissions future is a complex and ambitious endeavor. To truly understand the challenges faced by large corporations and the broader implications, it's essential to grasp the concept of net zero emissions.

Carbon Copies: Corporations racing to net zero, but few cross the finish line

As the festive season rolls on with Diwali around the corner, the diamond business in India is witnessing a major trend. While the traditional diamond polishing business in Surat is suffering amid the current geopolitical landscape and the Russia-Ukraine war, lab-grown diamonds (LGDs) are emerging as popular alternatives to natural diamonds.

Decoded: Will lab-grown diamonds get lucky this festive season?

In the ever-evolving world of dating apps and swiping right for love, investors have recently chosen to swipe left on dating stocks. It seems that the love affair between Wall Street and dating apps is currently in a rocky phase, and it's not just a casual fling.

Investors Ghosting Dating Stocks: A swipe left on the global consumer scene

In a landmark development, Swedish defence giant Saab has achieved a significant milestone by becoming the first foreign company to secure 100 per cent Foreign Direct Investment (FDI) approval for a defence project in India.

Saab's becomes first foreign defence company to get Indian govt nod for 100pc FDI

An Italian judge has issued an order to seize $835.5 million from the short-term rental giant Airbnb on the grounds of alleged tax evasion. This move comes as prosecutors claim that Airbnb failed to collect a 21 per cent tax on roughly €3.

Airbnb's Italian Job: Seizure of $835.5 million sparks tax evasion storm

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. WeWork, once a pinnacle of tech innovation, files for bankruptcy as challenges mount WeWork, the office-sharing start-up backed by SoftBank Group, which once held the title of the most valuable U.

Wion Business Wrap | WeWork's bankruptcy, Airbnb's troubles & more

Recent data from Barclays reveals a worrying trend in the spending habits of consumers in the United Kingdom. The data shows that there has been a slowdown in the growth of consumer spending, which is now at its lowest level in over a year.

Shocker ahead of Christmas: British consumer spending growth slows

Indian ed-tech company Byju's is reportedly in the final stages of discussions to sell its US-based children's digital reading platform, Epic! Creations, to private equity fund Joffre Capital for approximately $400 million.

Byju's in advanced talks to sell EPIC to Joffre Capital for $400 million 

A recent article by two economists in the Monetary Authority of Singapore's biannual report have highlighted the growing preference for remote work among Singapore's workforce.

IMF economists highlight Singapore's strong preference for remote work

This morning, South Korean stocks fell over 2 per cent, leading losses in the wider Asia-Pacific as trade data posted by China showed exports lowered more than expected while imports ticked up.

Global Markets Roundup | China's lower than expected exports leads to sell-off in Asian markets

The biggest companies across the world do not seem to be serious about tackling carbon emissions. A report by net zero trackers, an independent data consortium, shows that just a fraction of the world's 2,000 biggest listed companies meet the united nations guidelines for what constitutes a quality pledge. However, nearly half of the world's 2,000 biggest listed companies have set a target to get to net-zero emissions by mid-century.

Corporate Net Zero: Only 4% of targets meet UN’s strict criteria

China's deflationary pressures persist, highlighting the precarious nature of the country's economic recovery as the year 2023 draws to a close. Economists polled by Bloomberg predict that Chinese consumer prices fell back into deflation in October.

Navigating China's fragile consumer price landscape

The soaring onion prices ahead of the Diwali festival have sparked concerns among consumers across various states. Onions, a staple ingredient in the diverse Indian cuisine, have reached an alarming ₹100 per kilogram, prompting immediate actions from both state and central governments.

Decoding government's efforts to tackle onion price surge

Foxconn, the largest supplier to apple, saw its revenue drop 4.6% in October to $23 billion. Hon Hai has traditionally had its busiest quarter in the last three months of the year due to year-end iphone shipments.

Foxconn faces decline in sales as China investigates

The non-oil sector in Saudi Arabia had its greatest employment growth in nine years in October as the world's largest crude exporter looks to diversify.

Saudi Arabia's non-oil economy shows resilience in October | World Business Watch