The World Economic Forum monitors the ever-evolving landscape of trade & economy. At the recently concluded Riyadh summit 2024, WION’s business editor Rahul Karunakar spoke to Matthew Stephenson, head of investment & services, WEF on the emerging tech & geo-economic shifts around the world. Listen in…

‘3 Major Shifts: Geo-economic, Tech & Green Energy’: WION’s Exclusive With Head Of Investment, WEF

Gen X is Concerned About Retirement, With Only 43% Confident They Can Retire at 65. Many Lack 401(K) Savings and 26% Have No Plans to Retire. The Shift From Pensions to Personal Savings Has Left Them Stressed, With Doubts About Social Security's Future.

Gen X Fear They Cannot Afford Retirement

Gen X is Concerned About Retirement, With Only 43% Confident They Can Retire at 65. Many Lack 401(K) Savings and 26% Have No Plans to Retire. The Shift From Pensions to Personal Savings Has Left Them Stressed, With Doubts About Social Security's Future.



Concerns over a worldwide shortage of coffee have contributed to its meteoric rise in price this year. The commodity reached a new all-time high in new york on tuesday. Take a look at this next for what this means to your daily dose of coffee...

Is Your Already Costly Coffee Going To Get More Expensive? | WION Business Watch | World News

Federal reserve chair Jerome Powell bracketed gold and bitcoin as speculative assets. This has increased the raging global debate on gold vs bitcoin as assets with a store of value. Take a look at this next report for more...

Fed's Powell Puts Bitcoin and Gold in the Same Bracket

Singapore stocks are on track for a record high as newfound optimism around the state's banks boosts the entire market. Singapore banking stocks have been driving the recent surge. This is larged due to bets that lenders can keep making money even as interest rates are expected to go down.

Singapore Benchmark on Track to Close Above Record Set in 2007

German business confidence in china has reached a historic low, with a recent survey revealing growing concerns over local competition, regulatory challenges, and a slowing economy. Let's take a closer look at the findings of this survey and what it means for German businesses in China.

German Business Confidence in China Dips to Historic Low

the global economic stage is heating up as president-elect Donald Trump issues a stark warning to BRICS nations. Trump has threatened to impose a 100 percent tariff on these nations if they develop a common BRICS currency or back any alternative to the U.S. Dollar. Watch in for more details!

BRICS Currency Debate Faces Tariff Threat Under Trump’s Return

Saudi Arabia's holdings of U.S. Treasuries have reached their highest level in four years, with the kingdom’s central bank holding $144 billion in U.S. Government bonds. This now accounts for almost 35 percent of its total foreign assets, a notable increase from previous months. The share of U.S. Treasuries has surged, reaching the highest proportion since February 2020, when the pandemic first impacted global markets. Watch in for more details!

Saudi Arabia Increases U.S. Treasury Holdings To Highest In 4 Years

Volkswagen and Toyota tops the list of companies with the highest net debt. Takeovers propel global borrowing to record levels. Watch to know more!

Volkswagen Tops Corporate Debt Rankings, Takeovers Propel Corporate Borrowing | World News | WION

The price of arabica coffee has surged to its highest level since 1977. this marks a new milestone in the ongoing rally, surpassing a nearly 30-year high earlier this week. the record for arabica was set in 1977. The primary driver is Brazil’s record-breaking drought, which has significantly impacted its coffee crop—the world’s largest.

Brazil's Drought Drives Arabica To Highest Price Since 1977 | WION Business Watch | World News

The Indian government is considering selling minority stakes in four state-run banks to comply with public shareholding norms mandated by the country's markets regulator, a government source told Reuters.

The finance ministry is likely to seek approval of the federal cabinet in the coming months to dilute the stake in Central Bank of India, Indian Overseas Bank, UCO Bank, and Punjab and Sind Bank, the source said.

The Indian government owns more than 93 per cent in Central Bank of India, 96.4 per cent in Indian Overseas Bank, 95.4 per cent in UCO Bank and 98.3 per cent in Punjab and Sind Bank as of end-September, according to data on the BSE's website.

Also read |&nbsp;<a href="https://www.wionews.com/world/vijay-mallya-indian-economic-offenders-in-uk-take-centre-stage-in-modi-starmer-meeting-at-g20-777327">Vijay Mallya, Indian economic offenders in UK take centre stage in Modi-Starmer meeting at G20</a>

The plan under consideration is to sell the stake through an offer for sale in the open market, the source said.

Shares of the banks rose between 3-4 per cent following the report.

The Securities and Exchange Board of India (SEBI) requires listed companies to maintain a 25 per cent public shareholding but has exempted government-owned firms from meeting these norms till August 2026.

The source did not comment on whether the government will be able to meet the regulator's deadline or whether it would seek a further extension.

Also read |&nbsp;<a href="https://www.wionews.com/india-news/modi-govt-acknowledges-existential-threat-posed-by-big-tech-to-digital-news-media-in-india-777336">Modi govt acknowledges existential threat posed by Big Tech to digital news media in India</a>

The official said the timing and the quantum of the sale would be decided based on market conditions. The official did not want to be named as he is not authorised to speak to the media.

India's finance ministry did not immediately respond to a request for comment.

In the past, public sector banks have launched qualified institutional placements (QIP) to raise capital, which has in turn lowered the government's stake in state-run banks.

Punjab National Bank raised 50 billion rupees through a QIP in September, while Bank of Maharashtra raised 35 billion rupees in October.

Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION&nbsp;audience. 
&nbsp;

The Indian government is considering selling minority stakes in four state-run banks to comply with public shareholding norms mandated by the country's markets regulator, a government source told Reuters.

The Indian government is considering selling minority stakes in four state-run banks to comply with public shareholding norms mandated by the country's markets regulator, a government source told Reuters. The finance ministry is likely to seek approval of the federal cabinet in the coming months to dilute the stake in Central Bank of India, Indian Overseas Bank, UCO Bank, and Punjab and Sind Bank, the source said. The Indian government owns more than 93 per cent in Central Bank of India, 96.4 per cent in Indian Overseas Bank, 95.4 per cent in UCO Bank and 98.3 per cent in Punjab and Sind Bank as of end-September, according to data on the BSE's website. Also read | Vijay Mallya, Indian economic offenders in UK take centre stage in Modi-Starmer meeting at G20 The plan under consideration is to sell the stake through an offer for sale in the open market, the source said. Shares of the banks rose between 3-4 per cent following the report. The Securities and Exchange Board of India (SEBI) requires listed companies to maintain a 25 per cent public shareholding but has exempted government-owned firms from meeting these norms till August 2026. The source did not comment on whether the government will be able to meet the regulator's deadline or whether it would seek a further extension. Also read | Modi govt acknowledges existential threat posed by Big Tech to digital news media in India The official said the timing and the quantum of the sale would be decided based on market conditions. The official did not want to be named as he is not authorised to speak to the media. India's finance ministry did not immediately respond to a request for comment. In the past, public sector banks have launched qualified institutional placements (QIP) to raise capital, which has in turn lowered the government's stake in state-run banks. Punjab National Bank raised 50 billion rupees through a QIP in September, while Bank of Maharashtra raised 35 billion rupees in October. Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

India mulls stake sale in four state-owned banks to meet SEBI norms: Report

India's smartphone exports have hit a major milestone, surpassing $2 billion in October — the highest monthly total ever recorded. This represents a 70% increase year-on-year, and a 23% rise from the previous record set in may 2024. Watch in for more details!

India’s Smartphone Exports See 70% Growth In October

Pro-cryptoTrump's win boosted bitcoin to a fresh record of over 75,000 dollars. And if the bets in the futures market are anything to go by, the top token's record-breaking run has just about started. Gold, on the other hand, crashed in a knee-jerk reaction to 'Trump 2.0' as the dollar marked its best run since march 2020. However, the yellow metal's appeal is still at play, with geopolitical tensions and Trump's trade and foreign policy expected to drive risk-off bets.

Bitcoin's 'trump' Card Suggests New Milestones Beyond Latest Highs

UK announced its first official four-day workweek pilot, backed by the Labour government. In this groundbreaking trial, 1,000 workers across 17 companies will shift to a four-day schedule with no reduction in pay. Is this the beginning of a new work culture in the UK and across the world? Take a look at our next report for more...

UK Businesses Begin 4-Day Workweek Trial With No Pay Cut

With only one year until the planned elections, the German government is preparing for a pivotal court decision. That can remove as much as 75 billion euros or 82 billion dollars in tax revenue from the public coffers and perhaps threaten the fragile coalition.

German Coalition's Fate Hangs on €75 Bn Budget

More than 6,000 millionaires are expected to leave Britain for Europe by the end of this year, driven by fears of a labour tax overhaul.

6,000 Millionaires Set To Leave The UK For EU Before Year-End

Chinese automaker BYD is zipping ahead in the global race to make cheaper electric vehicles. While the US. Is trying everything it can to keep the rising brand out of the market, BYD is flooding global markets with its EVs. Take a look at this next report for more.

Is BYD 'Demolishing' Other Automakers?

Britain is facing a serious productivity crisis, according to a new report by the institute for fiscal studies and Citi. The report reveals that UK productivity growth has flatlined since the global financial crisis. The country’s potential output per worker is now at levels not seen since the 1850s. Watch in for more details!

UK Productivity Stuck At 1850s Growth Levels, Economy In Decline

After a strong summer rally, the Riyadh bourse is off to its worst start in the December quarter in years. Fears of an escalation and widening regional conflict have sent shockwaves through the Saudi stock market. Watch in for more details!

Saudi Stocks Drop 3.7% In First Four Trading Days Of October

Cyber attacks are rising as digital crime becomes a new geopolitical background. With the world suffering from the war consequences in real time, this digital warfront is equally devastating. WION’s business editor Rahul Karunakar spoke to José Manuel Barroso, former president of the European Commission and former prime minister of Portugal, on what the nations can do to mitigate risks around cyber attacks. Listen in to what he had to say…

‘Cyber Attacks Compliment Other Forms Of War:’ Ex PM Of Portugal On Growing Threat Of Cyber Attacks

The Securities and Exchange Board of India (SEBI) board is scheduled to meet today, where it is expected to discuss a range of measures, including stricter norms for Futures & Options (F&O) trading, the introduction of a "New Asset Class," and mutual fund lite regulations. In anticipation of these potential measures, the benchmark indices, the Sensex and the Nifty, have each fallen by over 1 percent ahead of the meeting.

SEBI Board Meeting: Key Regulations Under Discussion and Why Markets Are Uneasy

Let's look at how sharjah is luring home buyers amid dubai's sky-high rents. With an increasing number of expats saying they're being pushed out of dubai due to soaring rents, a 7,000-year-old city is looking to offer a nearby haven.

Sharjah Rises As Alternative As Dubai Faces Challenges In Housing Sector

A media report citing deputy water and sanitation minister David Malabo showed South Africa is facing a severe water supply crisis due to rising municipal debt and failing infrastructure.

South Africa Faces Water Crisis Over Unpaid Debts | World Business Watch

Intel's shares soared on Monday after reports emerged that Apollo Global Management has proposed a massive $5 billion investment in the struggling chipmaker. What does this potential deal mean for Intel’s future and the tech industry? In this video, we break down the details of the offer, what it could mean for investors, and how it might impact Intel’s turnaround efforts. Stay tuned to get all the insights on this developing story!

Apollo To Invest In Intel? Intel Stock Surges Amid Reports of Apollo Investment

Saudi Arabia's industry and mineral resources minister, Bandar Alkhorayef, is leading a delegation on a tour of East Asia this week. The visit, which includes stops in Guangzhou, Hong Kong, and Singapore, is focused on enhancing cooperation with Chinese companies in the automotive and automation sectors.

Saudi Arabia eyes auto & tech deals in East Asia tour

Now, we turn our focus to the minutes of the latest Federal Reserve meeting. During their meeting on July 30-31, several Fed members recognised a valid argument for lowering interest rates. However, the policy committee of the central bank ultimately decided to keep rates unchanged. Watch in for more details!

Minutes of Fed meeting in focus

Byju’s, once the poster child of India's booming Edtech industry, is now facing significant financial challenges. According to a recent update from the founders, the company has failed to disburse July salaries due to its bank account not being restored to the founders following a supreme court order. This adds to the growing woes of Byju’s, which says its founders infused close to one billion U.S. Dollars crore over the past 2.5 years just to keep the company operational. Byju Raveendran, the face of the troubled Ed tech platform claims he has personally contributed 1,600 crore rupees out of the 3,976 crores paid as employee salaries in the last two years. This financial burden comes after Raveendran sold stakes worth3,600 crore rupees between 2015 and 2022.

The lesson in Byju's rise & fall

We turn our focus to the central bankers gathering at the prestigious annual economic symposium in Jackson Hole this week. Central bankers are likely to discover they are more split than at any point since before the pandemic. Take a look at this next report to understand the growing divergence in global rate paths...

Jackson Hole symposium in focus

A group of five Secretaries of State from the US have called on Elon Musk to address misinformation spread by the AI chatbot Grok on the social media platform X formerly known as Twitter. Watch in for more details!

US: Election misinformation spread by Grok AI prompt's official response

Now, we look at how markets opened this morning. Stocks in Asia sank on fears investors are selling off some of their holdings ahead of a flurry of activity in the days ahead. This includes key economic data, decisions by central banks, and earnings reports from US megacap firms.

Asian shares decline as markets await key events

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‘3 Major Shifts: Geo-economic, Tech & Green Energy’: WION’s Exclusive With Head Of Investment, WEF

Gen X Fear They Cannot Afford Retirement

Gen X Fear They Cannot Afford Retirement

Is Your Already Costly Coffee Going To Get More Expensive? | WION Business Watch | World News

Fed's Powell Puts Bitcoin and Gold in the Same Bracket

Singapore Benchmark on Track to Close Above Record Set in 2007

German Business Confidence in China Dips to Historic Low

BRICS Currency Debate Faces Tariff Threat Under Trump’s Return

Saudi Arabia Increases U.S. Treasury Holdings To Highest In 4 Years

Volkswagen Tops Corporate Debt Rankings, Takeovers Propel Corporate Borrowing | World News | WION

Brazil's Drought Drives Arabica To Highest Price Since 1977 | WION Business Watch | World News

India mulls stake sale in four state-owned banks to meet SEBI norms: Report

India’s Smartphone Exports See 70% Growth In October

Bitcoin's 'trump' Card Suggests New Milestones Beyond Latest Highs

UK Businesses Begin 4-Day Workweek Trial With No Pay Cut

German Coalition's Fate Hangs on €75 Bn Budget

6,000 Millionaires Set To Leave The UK For EU Before Year-End

Is BYD 'Demolishing' Other Automakers?

UK Productivity Stuck At 1850s Growth Levels, Economy In Decline

Saudi Stocks Drop 3.7% In First Four Trading Days Of October

‘Cyber Attacks Compliment Other Forms Of War:’ Ex PM Of Portugal On Growing Threat Of Cyber Attacks

SEBI Board Meeting: Key Regulations Under Discussion and Why Markets Are Uneasy

Sharjah Rises As Alternative As Dubai Faces Challenges In Housing Sector

South Africa Faces Water Crisis Over Unpaid Debts | World Business Watch

Apollo To Invest In Intel? Intel Stock Surges Amid Reports of Apollo Investment

Saudi Arabia eyes auto & tech deals in East Asia tour