Federal Reserve chair Jerome Powell offered hawkish commentary following elevated US inflation prints. As a result, a December fed rate cut is firmly in the balance.

The Fed's slightly hawkish tone brings December rate cut into question

Around the world, crypto trading is still a small-scale activity, mostly enjoyed by extremely risk-tolerant individuals, however, it has been very popular in South Korea.

'Kimchi premium': All about Korean crypto mania

Previously on Flashback Friday, we explored K-pop’s economic influence in South Korea. Today, we take a closer look at how the industry is striking a chord in the stock market, blending music with financial momentum.

Flashback Friday|K-pop: More than just music - A stock market powerhouse

The adjustment of Dearness Allowance (DA) for central government employees is a pivotal aspect influenced by the Consumer Price Index (CPI) data tailored for industrial workers.

7th Pay Commission Latest Update: Government employees await March’s anticipated 4% DA hike

British household goods company Wilko has collapsed owing to big debts, its boss announced Thursday, impacting about 12,500 jobs as high inflation and interest rates hurt consumers and businesses.

UK retailer Wilko collapses due to 'big debts'; 12,500 jobs at risk

China's state planner on Wednesday released a statement praising Tencent and Alibaba for their contributions to the technology sector. This marks a significant shift in the government's stance towards the industry following a three-year crackdown.

Tencent and Alibaba's shares rise as China's state planner acknowledges their contributions to tech innovation

Malaysia grew at the quickest pace in over two decades in 2022, making it the fastest-growing economy in Asia, as the pent-up demand helped the nation's GDP grow to 8.

Malaysia's economy records 8.7% GDP growth in 2022, the highest in 22 years

Climate activists demonstrated against large oil companies at the World Economic Forum (WEF), claiming that these energy giants were monopolising the debate on climate change in Davos, according to a Reuters report.

Big oil firms will push their agenda at Davos, say protesting climate activists

Vodafone is planning to make its biggest round of job cuts in five years as the British telecom group seeks to rein in costs and revive its lagging performance, according to Reuters, quoting a Financial Times report.

Vodafone plans hundreds of job cuts, the biggest round of layoffs in 5 years

Subway is considering to sell its company, according to Reuters, quoting a source, a day after the Wall Street Journal reported the sandwich chain might get more than $10 billion.

Fast-Food Chain Subway gears up for sale, to be valued at over $10 billion: Reports

The Tata Group soon might start manufacturing iPhones in India as it's all set to acquire a major producing plant in Karnataka -- Wistron's iPhone factory. The group has been in talks with this Taiwanese company for months now.

India to get its first homegrown iPhone maker as Tata Group nears takeover, says source

The Unified Payment Interface (UPI) of India and its similar network in Singapore, PayNow, will soon be integrated, according to the Monetary Authority of Singapore, which will result in a 10 per cent reduction in remittance costs, according to a PTI report.

India's UPI, Singapore's Paynow to integrate soon, says an official at a G20 meeting

Indian rupee this year ended at a low of over 10%, the worst since 2013, becoming one of Asia's worst-performing currencies. The Indian currency closed 2022 down 10.

Indian rupee ends 2022 as one of Asia's worst performing currencies, falls 10.14%, worst since 2013

According to the Centre for Economics and Business Research (CEBR), the world faces a recession in 2023. Higher borrowing costs, which are intended to tackle inflation, will cause a number of economies to shrink.

The global economy is headed for a recession in 2023: Report

The Bank of Japan in its policy statement on Tuesday shocked markets by expanding its target band for interest rates, causing the yen to rise, bond yields to go up and stock prices to fall.

Japan's central bank shocks markets with yield policy change, yen strengthens  

US online retail giant Amazon has reached a settlement with the European Union and has agreed to make big business changes avoiding a 10 per cent fine. The European Competition Commission in a news conference said, "The Commission has decided to accept commitments offered by Amazon.

Online retail giant Amazon reaches settlement with EU, agrees to make big business changes, skips 10% fine

For years Japanese shoppers eagerly shelled out for the latest gadgets, but now a tumbling yen has put new iPhones out of reach for some and sparked a growing secondhand trade in a major market for Apple Inc.

As yen tumbles, gadget-loving Japan goes for secondhand iPhones

Visa Inc and Mastercard Inc are currently under investigation by the Federal Trade Commission. The FTC is probing whether their security tokens limit debit-card routing for online payments.

Visa, Mastercard under FTC investigation over debit-card routing competition

Toshiba shares on Thursday (October 13) surged by seven per cent in afternoon trade following a report that a domestic investor-led group was looking at a $19 billion bid in a potential deal that could lead to foreign activist shareholders being bought out after years of tension.

Toshiba shares rise following reports of a possible $19 billion buyout

Australia's central bank raised interest rates for the first time in more than a decade on Tuesday, a pre-election hike designed to tame soaring consumer prices.

Australia hikes interest rates for first time since 2010

The rise in gold imports pushed the country’s trade deficit to USD 15.1 billion in April 2021 as against USD 6.76 billion in the same month a year ago.

Gold import jumps to USD 6.3 bn in April

The space tourism company reported an adjusted EBITDA loss of $55.9 million, down from a loss of $59.5 million in the previous quarter.

Virgin Galactic shares fall after another quarterly loss

TAE Technologies, a California-based firm building technology to generate power from nuclear fusion, said on Thursday it had raised $280 million from new and existing investors, including Google and New Enterprise Associates.

Google-backed nuclear energy firm TAE Technologies raises USD 280 million

The strategy to produce a series of smaller bills is aimed at lowering opposition from tech companies and their lobbyists towards a single piece of legislation

US House antitrust chairman plans multiple bills to go after Big Tech