Weeks after it cleared the regulatory roadblock in the European Union, fresh trouble seems to be brewing for US tech giant Microsoft and its proposed acquisition of video game giant Activision blizzard. Reports suggest that the US regulator plans to stop the transaction from going through before the deal’s July 18 deadline.

Microsoft's deal hits regulatory roadblock | World Business News

Swiss banking giant UBS has completed its emergency takeover of local rival Credit Suisse. This will make UBS a trillion dollar banking behemoth. The combined group will oversee 5 trillion dollars of assets, which will give UBS a leading position in key markets. the two banks now jointly employ about 120,000 worldwide, although UBS has said it will be cutting jobs to reduce costs.

Credit Suisse is now a part of UBS | World Business Watch

The American Financial Services Cooperation, Nasdaq, has decided to expand its reach into Financial Technology, the company is said to purchase the software from Adenza in the biggest deal ever.

US: Nasdaq to acquire software firm Adenza

Food delivery partners in New York city will get a minimum wage. This move comes at a time when there has been a surge in app-based food delivery services. As per one estimate, New York's food delivery workers currently make on average about 7 dollars an hour. The new pay-rate will allow them to eventually earn nearly 20 dollars an hour.

Minimum wages for food delivery agents in New York | World Business Watch

Ola electric, a major player in India's electric vehicle market, is making waves as it gears up for a massive stock market listing. Known for its electric scooters, it plans to raise between $600 million and $1 billion in its upcoming initial public offering (IPO), scheduled for late 2023.

Ola electric's $1 billion IPO to accelerate EV market dominance

Japanese stocks are defying expectations and leaving their global counterparts in the dust in a market rally that's taking investors by storm, the Nikkei has soared to its highest level in over three decades, outpacing other major markets by a significant margin.

Japan's stock market renaissance | World Business Watch

Let’s focus on Nigeria's currency woes as the Naira takes a sharp dive, reaching a record low against the US Dollar. with heavy demand for US Dollars, the central bank recently auctioned dollars at a significantly weaker exchange rate, raising concerns about a potential devaluation as a result, the naira hit a record low, creating a ripple effect across the economy.

Nigeria's Naira hits record low

OpenAI, the company responsible for ChatGPT, has made a surprising announcement, they have no plans to go public anytime soon. CEO Sam Altman expressed concerns about the potential conflicts that may arise with investors once superintelligence is developed.

OpenAI: No public offering, yes to regulation | World Business Watch

India's services sector growth eased slightly in May, but registered the second-strongest rate of growth in close to 13 years, on favourable demand conditions and new client wins, a monthly survey said on Monday.

India's service sector shines amid challenges

India's Central Bank - the Reserve Bank of India - is all to meet for three days, starting today. In the meeting, the Central Bank is expected to announce its latest monetary policy. Now, all eyes are on RBI governor Shaktikanta Das - will he cut rates or keep it unchanged?

India's RBI to meet over monetary policy

In a major coup for Tata Consultancy Services, or TCS, the IT services giant has secured a transformative 10-year contract with the department for education in the United Kingdom. This groundbreaking deal is set to revolutionize the teachers' pension scheme, the country's second-largest public sector pension program.

TCS bags 10-year contract for teacher’s pension in UK | World Business Watch

What was once a blooming market largely driven by Chinese demand is now facing significant pullback. Watch the video to know more.

Luxury stocks in hot water: A pricey plunge or a temporary blip? | World DNA

The Aviation Industry is defining expectations by reaching new heights of profitability. According to the International Air Transport Association, the airlines are projected to achieve a staggering net profit of $9.8 billion this year.

Aviation Industry's profitability reaches new altitudes, soars toward $9.8 billion net profit

Gold is up over 20% in one year. that beats inflation, equities & every other mainstream asset class. So, how does gold maintain its Midas touch? This next report answers that question and tells you how you can invest in the timeless metal to craft a precious fortune. Watch this report.

Investing in Gold: Re-discovering a hidden treasure | World Business Watch

The India growth story is alive and kicking. India's economy beat expectations to grow at 6.1% between January and March 2023 that not all, the government now estimates that the economy grew at 7.2% between April 2022 and March 2023.

India's economy beats estimates in Q4 of 2023 | World Business Watch

Morgan Stanley, in its latest report, hailed the India's Narendra Modi-led government and said that in a short span of 10 years, India had gained positions in the world order with significant positive consequences for the macro and market outlook. The investment advisory firm predicted that India will emerge as a key driver for Asia and drive a fifth of global growth in the next decade.

Morgan Stanley's glowing report on India | World Business Watch

From the ugly duckling of the fashion industry to a Cinderella story for the investors - Crocs. It's now come a long way since it jumped onto the fashion scene. Watch the video to know more.

'Crocstar' of the stock markets: Crocs stock up over 750% in five years

Job creation will be the biggest challenge for Indian policymakers as the India's young population continues to grow. India has already overtaken China as the most populous country and about 53% of India is below the age of 30. But India's young do not seem to find full-time jobs, especially in the urban areas. Urban unemployment was at 6.8% in the January-March quarter. The share of urban workers with full-time jobs declined to 48.9% in December 2022.

India faces massive youth unemployment crisis | World Business Watch

US chipmaker Nvidia became a trillion dollar company aided by the boom in artificial intelligence. The chip maker became the only only the fifth company in history to reach this landmark yes it's a big milestone there before Nvidia only take Giants Apple, Alphabet, Microsoft and Amazon had crossed this Landmark these four companies continued to be worth over a trillion dollars.

US chipmaker Nvidia reaches $1 trillion milestone

Goldman Sachs that's making the headlines yes it's the market for deals continues to stagnate the financial joint is preparing to implement a new round of job cuts right and this follows a significant reduction earlier this year in additional layoffs in the previous year Goldman Sachs it's expected to let go of fewer than 250 employees the impact of these departures that's projected to affect individuals across various seniority levels including partners and managing directors the current challenges faced by Goldman Sachs and other investment Banks can be attributed to a combination of factors here now the federal reserve's aggressive interest rate hikes aimed at curbing inflation have led to a slump in Deal making simultaneously the ongoing conflict in Ukraine has clouded the economic Outlook creating further uncertainty in the financial sector.

Goldman Sachs workforce shake-up, plans to cut 250 jobs

Danish ambassador Freddy Svane speaks to WION on India and Denmark's green energy partnership. He talks about the challenges to transition to a cleaner and greener energy source and how the two countries could be key in developing technologies to benefit the world.

Investing in cleaner & greener energy sources | World Business Watch

Las Vegas, the city synonymous with gambling and entertainment, is experiencing a shift in its iconic casino floors. In an effort to attract what they call 'higher value customers, casinos are implementing changes that are leaving everyday gamblers feeling the pinch. Minimum bets for popular games like blackjack have skyrocketed, making it more difficult for budget-conscious players to participate.

Las Vegas casinos target ‘high value’ customers

China's economy is causing a stir in the world of global finance. Financial markets are flashing warning signs, signaling potential trouble ahead. however, some analysts believe that wall street may be missing the forest for the trees, failing to grasp the long-term perspective.

China’s economic fluctuations puzzle wall street | World Business Watch

If you have invested in an index fund that tracks the S&P500 and its underlying stocks you would have had $108 for every 100 you invested in 2023. Watch the video to know more.

S&P500 2023: Story of high fliers & low ballers

As China's geopolitical assertiveness and questionable trade practices raise concerns, multinational corporations are seeking alternatives. According to a recent survey by research firm IMA India. One country that stands out as the top destination for these corporations is India.

CEOs opt for India as top alternative to china

In a world, where economies are struggling to grow, one nation stands out. India, the fastest-growing key economy, is poised to achieve unparalleled success this year, propelled by a remarkable phenomenon —the "famous snowball effect". As per world economic forum (WEF) president Borge Brende, India's economy is witnessing a transformative journey that promises more investments, more jobs, and exponential growth in the years to come.

World Economic Forum president bullish on India

NVIDIA corp. is on the verge of becoming the ninth company in history to reach a market value of $1 trillion, after a blowout forecast by the tech firm. NVIDIA's stock hit a record high on Thursday, riding high on the artificial intelligence boom.

NVIDIA close to becoming $1 trillion company

First Republic Bank, known for catering to affluent clients in California and New York, was once a thriving institution. However, its undoing came in the form of unusually sweet mortgages and jaw-dropping compensation for its employees. The collapse of the San Francisco-based bank, now under the control of JP Morgan chase, has left regulators stunned and the industry questioning the role of incentives.

Lavish incentives sink First Republic Bank

Chinese e-commerce giant Alibaba on Thursday said it plans to hire 15,000 people in 2023. This has surprised market watchers, who expected the company to lay off employees as the global economy slows down.

Alibaba to hire 15,000 people in 2023

After falling in revenue growth Meta has begun its latest layoff cycle after around 11,000 employees were laid off in the previous cycle between February and March. Meta is now gearing up for another round of layoffs and restructuring probably will shed another 10,000 job roles which will hit sales and marketing roles.

Meta begins new layoff cycle, will shed 10, 000 roles

Alibaba group holding ltd, the Chinese tech giant, is in the news once again. Their cloud unit will face a round of downsizing ahead of an eagerly anticipated initial public offering (IPO).

Alibaba’s cloud unit cuts staff ahead of IPO

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