Indian auto maker Tata Motors' shares soar after it announced splitting its car and truck businesses into separate units. The report tells you what this split means for the company and its ambitions in India's booming automobile market.

Tata to split passenger vehicle and commercial vehicle businesses

The focus this week shifts to the US Federal Reserve Chief's monetary policy testimony on Capitol Hill. FED Chief Jerome Powell will face severe pressure from Congress to cut rates to keep the economy humming during an election year.

FED's Powell to reinforce 'no rush to cut'

In this exclusive interview, WION speaks to His Excellency Ahmed Al Khateeb, Minister of Tourism for the Kingdom of Saudi Arabia. He discusses the role of tourism in Saudi’s Vision 2030 plan. Join us on this insightful journey as we unlock the secrets of Saudi Arabia's tourism transformation and the Kingdom’s plans to entice Indian travelers. Watch to know more!

WION Exclusive: Saudi Arabia's Tourism Minister Speaks to WION

A seismic shift in the financial world as billionaire CEOs, founders, and heirs make headlines with unprecedented stock sell-offs. Amid soaring market highs, these high-profile figures are cashing in billions, raising questions about insider trading, strategic diversification, and the broader implications for both their companies and the market at large.

Billionaire CEOs sell off billions in company stock amid record highs

Oil tankers are in hot water, and it's not just the cargo they're carrying. A historic shortage of new ships, coupled with disruptions caused by attacks in the red sea, is sending shockwaves through the industry. Watch to know more!

Oil tanker crunch looms amid lowest new additions in 4 decades

Thanks to AI chatbots, you could now experience personas of notable figures ranging from Plato to even Adolf Hitler, AI bots allow users to chat. While the idea behind this is to help fans connect with their heroes, some believe differently, watch the video to know more.

Rise of racist, fascist AI bot platforms | Navigating extremism in the era of AI

The European Union could soon have less stringent fiscal rules in place, which may significantly help member countries that are dealing with rising debt levels. The preliminary deal struck by EU lawmakers will provide more time to member countries to fight rising debt levels. Many argue it could also incentivise public investments in climate, industrial policy and security.

New rules could help countries dealing with rising debt levels

In some good news for Indian employees, india has hiked the interest rate on employees' retirement fund for the current fiscal year, which ends of march 31. India's retirement fund body -- the employees' provident fund organisation or EPFO -- has fixed the interest rate at 8.25%.

Interest on retirement fund hiked to 8.25%

Amazon founder and billionaire Jeff Bezos has sold around 12 million shares of the online retail and cloud services firm for roughly 2 billion dollars. A company filing on friday showed that the sale took place on Wednesday and Thursday.

Billionaire Jeff Bezos sells Amazon shares

Cisco, the California based network giant, is reportedly planning a significant restructuring that will involve laying off thousands of employees. This move is aimed at focusing on high-growth areas within the company.

Cisco plans major restructuring

In today's ever-evolving professional landscape, it's not just about technical prowess— it's about mastering the art of soft skills. Our report delves in the top 10 in-demand soft skills for 2024, empowering you to thrive in your career, lead with impact, and seize endless opportunities.

How acquiring these skills will help your career

Troubled fintech giant paytm is close to getting an approval to invest in its payments gateway arm. The decision, which has been pending for two years, would give the company some respite amid regulatory troubles. The investment allows paytm to beef up paytm payments services, which processes online transactions.

Investment allows Paytm to beef up payments services

For years, Indian asset managers chased higher returns in offshore havens like Dubai and Singapore. But the tide is turning. Driven by tax breaks and proximity to the booming indian market, global funds are flocking to gift city, India's new financial hub.

Indian asset managers flock to Gift City

The US treasury department has taken action against entities violating the price cap on russian oil. 3 uae-based companies and a liberian-registered tanker were sanctioned for facilitating oil sales above the $60 per barrel limit. These sanctions freeze their u.S. Assets and prohibit american dealings with them.

US targets tankers over Russian oil cap

Leading chip maker Nvidia is now aiming to capture a growing segment. We are talking about custom AI chips, where rivals Broadcom & Marvell dominate. The report takes a deep dive into nvidia's plans for the 30 billion dollar segment.

Report: Nvidia building new business catering to cloud computing

Soon, people could use the 'digital rupee' to make offline payments. India's central bank on thursday announced offline functionality for the digital currency.

'Digital Rupee' gets new features

Nintendo has increased its sales projection for the switch console amid speculation of forthcoming hardware. With solid earnings and a lineup of popular titles, the gaming titan aims to sustain its market dominance.

Nintendo boosts switch sales forecast

The Red Sea crisis has disrupted shipping and global supply chains. But Saudi Arabia has come up with a plan to counter the chaos. Last month, the oil-rich kingdown dramatically expanded crude shipments from its Muajjiz facility, which is the northern red sea route. This has enabled Saudi to bypass the southern red sea regions that Yemeni Houthi militants have been attacking with the U.S. And UK retaliating. Watch to know more!

Saudi Arabia to avoid areas in the southern Red Sea

The US Federal reserve left its benchmark rate unchanged at a 22-year high. As US inflation pressures fade, fed officials firmly declared an end to their aggressive interest rate hike campaign. But fed chair Jerome Powell attempted to reframe expectations for when and how quickly they will cut rates this year.

US Federal Reserve keeps rates on hold

Microsoft corporation has reported December quarter earnings that surpassed expectations. While the stock market's initial response may be lackluster, the tech giant's robust performance gives us a glimpse into the ongoing artificial intelligence boom.

AI makes a big impact on Microsoft's business

Toyota motor's diversified auto portfolio has once again emerged as the world's top-selling automaker for the fourth consecutive year. This achievement not only showcases Toyota's resilience but also provides valuable insights into the state of the global economy and a glimpse into consumer preferances globally.

What Toyota's sales say about the global economy

A US Court has ruled that Elon Musk's $56 billion pay package at Tesla is "an unfathomable sum" that was unfair to shareholders. This is a big blow to the billionaire CEO's quest to get greater control over the 600 billion dollar company.

Judge voids Tesla's pay plan

Electric vehicle giant BYD is predicting a record-breaking year in 2023, with net profit expected to surge by up to 86%. This projection comes amid fierce competition, including its notable rival, Tesla, which reported a 19.4% growth in net profit.

BYD eyes record 2023 profits

As the Hong Kong court orders the liquidation of China Evergrande, the world's most indebted developer, this report focuses on the aftermath, exploring challenges creditors face in recovering debts, the complex web of Evergrande's assets, and the potential impact on china's broader property market.

Evergrande's liquidation casts shadow on China's capital markets

China's economic czar urged local authorities to implement the policies laid out by national legislators to ease the country's real estate market slump. China's elite cities have recently eased market restrictions as a result of the protracted real estate slump. The real estate recession has negatively impacted both local governments' income streams and the country's economic recovery.

Real estate weighs heavily on China's growth

Byju's, once the world's most valuable edtech startup, has cut its valuation by 99% in a rights issue as the Indian firm scrambles to meet its liabilities and operational costs. The startup is looking to raise $200 million in the rights issue which the company says is essential to prevent any further value impairment to shareholders.

Byju's cuts valuation by 99% in rights issue

Big tech and media companies in the US have kicked off 2024 with fresh plans to cut jobs, signaling the spate of layoffs seen last year will likely continue as firms navigate persistent economic uncertainty.

Is 2024 the year the job market rebounds? | World Business Watch

A Hong Kong court has ordered the liquidation of China Evergrande group, the world's most indebted developer with over $300 billion in liabilities. The liquidation of Evergrande, with $240 billion in assets, is poised to send ripples through china's already fragile capital and property markets.

Evergrande's liquidation rattles Chinese capital markets | World Business Watch

Terraform labs, the company behind the once-stable terra usd, has filed for chapter 11 bankruptcy. The collapse of terra usd in 2022 sent ripples through the crypto markets, causing a $40 billion fallout.

Singapore-based terraform labs faces bankruptcy

India faces a substantial setback to its exports. Threats to cargo vessels in the Red Sea have triggered a surge in shipping rates, prompting exporters to hold back on shipments. According to an initial assessment by the research and information system for developing countries, around $30 billion could be shaved off India's total exports in the current fiscal year, representing a 6.7% drop based on the previous year's $451 billion total.

Red sea disruptions dent India's exports | World DNA

We delve into the tumultuous journey of tech giant Alibaba over the past 12 months. Marked by a scrapped cloud ipo, a significant drop in market value, and a leadership shake-up. As Alibaba navigates the storm of China's crackdown on internet tech companies and intensifying competition in the cloud market, we explore the challenges, strategic shifts, and the quest for stability.

Cloud ambitions dashed: Inside Alibaba's scrapped IPO plans | World DNA

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