A US court ruling that placed into bankruptcy units associated with Indian education technology company Byju's took an Indian official by surprise. Some Byju's units in the US Will be forced into chapter 11 bankruptcy as a result of the decision. The reason: these units did not provide the needed information to their creditors. The court issued the decree as a default judgment.

Byju's bankruptcy ruling in US In focus

Gold has surged to a record high of $2,564 per ounce, reflecting a remarkable 10% gain this quarter. In contrast, bitcoin, often hailed as digital gold, is struggling, and has suffered a 7% quarterly loss. This divergence highlights why gold remains a superior investment choice compared to Bitcoin.

Why gold's rise outshines Bitcoin's struggles

Now, we look at what to expect in the week ahead. The Federal Reserve's meeting takes the centre stage. Hotter-than-expected U.S. Inflation data has shifted the dial towards a smaller 25 basis point rate cut from the FED. Wall Street traders, though, are still betting for a bigger 50 basisi point trigger. Take a look at this next report for more...

Federal rate cut bets take centre stage

China's economy lost momentum in August as activity cooled across the board, pointing to mounting risks to achieving the government's annual growth target. The recession in the housing sector is weighing on the broader economy.

Activity in China cools across the board

Malaysia's health ministry has unveiled plans to introduce a new tax on sugar-sweetened beverages as part of the upcoming budget. This tax, known as the SSB tax, builds on the previous increase from 40 sen to 50 sen per litre implemented in budget 2024. The initial hike successfully contributed to a 9.25% reduction in sugary drink consumption nationwide, underscoring the effectiveness of fiscal measures in influencing public health behavior.

Malaysia boosts tax on sugary beverages

We dive deep into the art of Risk-taking and wealth-building. Discover how the elite thrive on high stakes and fearless moves to make it big. Brace yourself for some insights from the world of business to redefine your path to success.

Risk it to make it: The 1% playbook

To diversify its economy away from oil and make it a more appealing location to live, work, and vacation, Saudi Arabia has undertaken $1.3 trillion worth of real estate and infrastructure projects over the last eight years.

Saudi Arabia's vision 2030 in focus

Media reports show there has been a noticeable and significant drop in passenger travel along the once-bustling train, bus, and aviation lines between Bangladesh and India since the recent political transition in Dhaka This comes after the fall of the previous Bangladesh Prime Minister, Sheikh Hasina.

Bangladesh-India passenger traffic drops

Hindenburg's research's latest attack on the Adani group and a separate fresh Salvo on SEBI Chief Madhabi Puri Buch. The U.S. Short seller in tweet on Wednesday said the Adani group is involved in money laundering with reference Swiss Bank accounts. In response, the Adani Group, in a media statement, denied those allegations and called the claims "Baseless".

Adani-Hindenburg Saga

Boeing faces a major disruption as 30,000 factory workers in the Seattle and Portland areas voted overwhelmingly to strike. With 96 percent in favour of the walkout, The workers rejected Boeing’s contract offer, which included a 25 percent pay increase over four years. Union leader Jon Holden announced the strike decision.

Boeing workers vote overwhelmingly to strike

We turn our attention to the surge in demand for Indian initial public offerings (IPO's). The latest IPO drawing 39 billion dollars of bids shows the insatiable appetite among investors looking for first-day gains.

Indian IPO bids show avid appetite

As part of its efforts to encourage spending by lowering borrowing costs for millions of households, China is reportedly planning to lower interest rates on over $5 trillion in outstanding mortgages as soon as this month.

China's housing rescue plan

Surge in Indian IPO bids

We bring you all the developments from the world of technology. Watch to know more.

US seizes over 350 websites used to import gun parts from China

Europe faces a reality check as its weak auto market is set to face more closures. Volkswagen is the latest to threaten job cuts in Germany and warn it may shutter factories there for the first time.

Europe's anemic auto market is set to face more closures

The deepening housing market recession is weighing heavily on china. Years of oversupply in housing have been pushing home prices down for three years now.

Deepening mess in china's economic growth plans

AST spacemobile, the tiny telecom company that wants to compete with spacex, has become one of the hottest stocks in the world this year after soaring to 28 dollars per share from 2 dollars a share in just six months.

SpaceX's tiny rival AST Spacemobile shares soar

Let's look at how markets opened in Asia. The Yen strengthened for a fourth day against the Dollar, while falling treasury yields broadened an emerging-market currency rally to Asia after fresh data cemented expectations for the federal reserve to ease policy.

Global Markets Roundup: The rally on Wall Street continues

In August, Germany reported a 10.7% increase in insolvencies compared to the same month last year. Insolvency rates have remained in double digits since June 2023, with a brief dip to 6.3 percent in June 2024.

Germany sees 10.7% increase in insolvencies in August

India has once again solidified its position as the global leader in cryptocurrency adoption, according to a new report by Chainalysis. Despite facing stringent regulations and hefty trading taxes, Indian investors have remained undeterred in their embrace of digital assets. This marks the second consecutive year that India has topped the global crypto adoption index.

India tops global crypto adoption for second year

The United States and India have announced a new partnership to explore opportunities in the semiconductor supply chain. This collaboration, unveiled just days after India’s agreement with Singapore on a similar initiative, marks a significant step in India’s effort to become a major player in the global semiconductor industry.

India, US forge new semiconductor partnership

We look at Hindenburg Research's latest attack on the Adani group. The US short seller in tweet said the Adani group is involved in Swiss Bank accounts. The Adani group in a media statement denied those allegations and called the claims "baseless".

Hindenburg's fresh salvo on Adani group

Coffee farmers in Uganda are facing an unprecedented challenge of theft. As coffee prices continue to soar…can farmers secure their prized possession?

Rising theft in Uganda amid soaring global coffee prices

The deepening property crisis in china, which is threatening its growth target of 5 percent this year. The unappealing economics of the plan for local governments, highlights the difficulty president Xi Jinping confronts in his attempt to reverse the record-low housing prices that are undermining china's growth ambitions.

Record property slump threatens china's growth target

Visa plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the next three years. Watch to know more.

Visa targets 10x digital payment growth in Pakistan

Kenya's main international airport saw major disruptions yesterday due to a day-long strike by workers. They were protesting a proposed 30-year lease to India's Adani group. The strike ended after the government assured that no deal would proceed without union approval.

Strike ends after government assures union approval