US vs China over South China Sea: Washington backs Philippines, Beijing hits back

Election Commission on 'damage control' : What do nine new decisions mean?

UK police arrest several under explosives act near air base used by US forces

LPU students go on rampage, vandalise campus amid widespread protest: What's happening

OpenAI AI Agents hacked 4 websites before Hugging Face, researchers reveal

US Treasury Secretary Scott Bessent hails global crackdown on Iranian banks and airlines

New Friday OTT releases (September 25, 2026): Don’t Be Shy, Hunkkaar: The Roar, Mango Pachcha- 6 movies and TV shows on Netflix, Prime Video and more

Asian Games 2026: India face Afghanistan in quarterfinal on Sep 28; Pakistan clash with Hong Kong

‘Attack on Mecca a red line for Pakistan’: Shehbaz Sharif warns Houthis at UN

WATCH | Delhi minister Parvesh Verma slaps man during road inspection – Here’s what happened

'Countries far from conflict are penalised': Jaishankar calls for Gulf peace, seafarer safety at UN

Bigg Boss 20: Salman Khan schools Rhiti Tiwari over Qazi Touqeer clash, compares her to Dolly Bindra

Gunmen kill 27 in two separate mass shootings in South Africa

Humanoid robots to virtual worlds! Korean sci-fi dramas to watch: Are You Human Too?, Memories of the Alhambra and more

IND vs WI 1st ODI: Naman Dhir debuts as India bowl first in Trivandrum; check playing XIs

Nations League: Spain sink England at Wembley; Modric shines for Croatia

Two men die of suspected chemical exposure inside public toilet in Mumbai

Trump-Xi summit wrap: Big pageantry, Iran talks, few major developments and more meetings planned

‘Could kill billions...’: Bill Gates backs calls to slow AI development amid fears of catastrophe

Bollywood x K-pop crossover! LE SSERAFIM’s Kazuha charms fans with Shah Rukh Khan’s ‘Chammak Challo’ steps

US-Iran war: Trump rejects Iran's Hormuz proposal, reports suggest talks expected next week

Jaishankar at UNGA: Goodwill and friendship can't coexist with terrorism

Sri Lankan Tamil migrant worker gets death sentence in Saudi Arabia, help sought from India

'FIRST LOOK from inside Noah’s Ark': Researchers share video from inside mysterious mound in Turkey

UNSC reform momentum grows: Russia, Portugal, Mauritius push for India's permanent seat bid

Man arrested after his 22-year-old girlfriend dies at homestay in Guwahati; police suspect murder over suicide claim

SIR row: RTI response raises questions over EC’s claim of unanimous approval

WATCH | As Shehbaz Sharif claims Pakistan’s ‘victory’ during 2025 conflict, Indian diplomat R Srinivas laughs at UN

Ceuta migrant crisis: Protesters take to streets as Spain grapples with migrant challenge

Ramayana: Yash’s Ravana gets first official poster from Nitesh Tiwari’s epic

'A terrorist country is asking me that question?': Jaishankar hits back at Pakistani journalist at UN; flags attacks on commercial shipping

Russia will achieve Ukraine war aims; Europe doing everything to block peace talks: Lavrov at UN

WION's Business Desk brings you this daily round up of global stories from the world of business and economy.&nbsp;

Second mansion of Evergrande chairman hits market amid liquidation

In the latest development surrounding China Evergrande Group's financial turmoil, a second mansion once owned by the company's chairman, Hui Ka Yan, has been listed for sale by receivers, as reported by property agent Savills.

<a href="https://www.wionews.com/business-economy/second-mansion-of-evergrande-chairman-hits-market-amid-liquidation-695436">Read more here</a>

Brazil urges G20 to enforce global tax on super-rich in battle against tax evasion

At the G20 meeting on Thursday, Brazil’s finance minister, Fernando Haddad, proposed the implementation of a global tax on the super-rich to combat the rampant issue of tax evasion, Associated Press reported.

<a href="https://www.wionews.com/business-economy/brazil-urges-g20-to-enforce-global-tax-on-super-rich-in-battle-against-tax-evasion-695416">Read more here</a>

Japan's jobless rate hits 2.4 per cent in January amid labour shortage: Report

The latest government data from Reuters reveals that Japan's jobless rate experienced a notable decline, reaching 2.4 per cent in January, down from a revised 2.5 per cent in the previous month.

<a href="https://www.wionews.com/business-economy/japans-jobless-rate-hits-24-per-cent-in-january-amid-labour-shortage-report-695426">Read more here</a>

Citigroup announces layoffs of 286 employees in New York: Report

Citigroup is set to lay off 286 employees in New York, as disclosed in recent filings with the State Department of Labour.

<a href="https://www.wionews.com/business-economy/citigroup-announces-layoffs-of-286-employees-in-new-york-report-695434">Read more here</a>

US IRS launches crackdown on 125,000 unfiled high-income tax returns

The Internal Revenue Service (IRS) has set its sights on high-income earners who have neglected to file tax returns, with a targeted approach aimed at 125,000 cases since 2017.

<a href="https://www.wionews.com/business-economy/us-irs-launches-crackdown-on-125000-unfiled-high-income-tax-returns-695453">Read more here</a>

Boeing agrees to $51 million settlement over US export violations, including breaches in China

Boeing has reached a $51 million settlement with the US State Department for multiple export violations, a resolution that includes improper actions by Chinese employees in China.

<a href="https://www.wionews.com/business-economy/boeing-agrees-to-51-million-settlement-over-us-export-violations-including-breaches-in-china-695465">Read more here</a>

Oil prices surge amid Gaza ceasefire talks complications and tensions in West Asia

Global oil prices experienced a notable uptick on Friday, poised to conclude the week with a modest increase, as ceasefire talks in Gaza faced complications following the deaths of over 100 Palestinians awaiting aid delivery.

<a href="https://www.wionews.com/business-economy/oil-prices-surge-amid-gaza-ceasefire-talks-complications-and-tensions-in-west-asia-695470">Read more here</a>

China's manufacturing contracts for 5th month, sparks calls for increased stimulus

China's manufacturing sector recorded a contraction for the fifth consecutive month, as revealed by an official factory survey on Friday.

<a href="https://www.wionews.com/business-economy/chinas-manufacturing-contracts-for-5th-month-sparks-calls-for-increased-stimulus-695472">Read more here</a>

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Second mansion of Evergrande chairman hits market amid liquidation In the latest development surrounding China Evergrande Group's financial turmoil, a second mansion once owned by the company's chairman, Hui Ka Yan, has been listed for sale by receivers, as reported by property agent Savills.

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Second mansion of Evergrande chairman hits market amid liquidation In the latest development surrounding China Evergrande Group's financial turmoil, a second mansion once owned by the company's chairman, Hui Ka Yan, has been listed for sale by receivers, as reported by property agent Savills. Read more here Brazil urges G20 to enforce global tax on super-rich in battle against tax evasion At the G20 meeting on Thursday, Brazil’s finance minister, Fernando Haddad, proposed the implementation of a global tax on the super-rich to combat the rampant issue of tax evasion, Associated Press reported. Read more here Japan's jobless rate hits 2.4 per cent in January amid labour shortage: Report The latest government data from Reuters reveals that Japan's jobless rate experienced a notable decline, reaching 2.4 per cent in January, down from a revised 2.5 per cent in the previous month. Read more here Citigroup announces layoffs of 286 employees in New York: Report Citigroup is set to lay off 286 employees in New York, as disclosed in recent filings with the State Department of Labour. Read more here US IRS launches crackdown on 125,000 unfiled high-income tax returns The Internal Revenue Service (IRS) has set its sights on high-income earners who have neglected to file tax returns, with a targeted approach aimed at 125,000 cases since 2017. Read more here Boeing agrees to $51 million settlement over US export violations, including breaches in China Boeing has reached a $51 million settlement with the US State Department for multiple export violations, a resolution that includes improper actions by Chinese employees in China. Read more here Oil prices surge amid Gaza ceasefire talks complications and tensions in West Asia Global oil prices experienced a notable uptick on Friday, poised to conclude the week with a modest increase, as ceasefire talks in Gaza faced complications following the deaths of over 100 Palestinians awaiting aid delivery. Read more here China's manufacturing contracts for 5th month, sparks calls for increased stimulus China's manufacturing sector recorded a contraction for the fifth consecutive month, as revealed by an official factory survey on Friday. Read more here

WION Business Wrap | China's manufacturing slump, oil prices surge and more

Japan's January factory output fell at the fastest pace since May 2020. The reason: a downturn in automobile production added to the fall in output. Industrial output fell 7.5% in January from the previous month, slightly worse than the market forecast for a 7.3% drop. This is not good news for the Japanese economy, which slipped into recession late last year.

Factory output falls at fastest pace since May 2020 in January

Burger chain Wendy's has clarified that it has no plans to raise menu prices at times of peak demand. Wendy's clarification came after a public backlash over the burger chain CEO's comments that it may start testing "Dynamic pricing".

Wendy's: No surge pricing on orders

European media heavyweights are joining forces to challenge Google. 32 media groups have filed a landmark $2.3 billion lawsuit alleging unfair practices in digital advertising.

European media giants sue Google for $2.3 bn over alleged misconduct

Sam Bankman-Fried, the founder of the now-bankrupt Cryptocurrency Exchange FTX, is seeking a lenient sentence after his conviction for fraud and conspiracy. His lawyer argued in a sentencing submission that Bankman-Fried should receive a prison term between 5-1/4 and 6-1/2 years, significantly lower than the maximum 110-year sentence he faces.

Sam Bankman-Fried lawyer requests lenient sentence

Ukraine's Finance Minister, Serhiy Marchenko, issues a dire warning as the country grapples with its ongoing financial crisis. Marchenko reveals that Ukraine needs $3 billion in foreign aid every month to navigate through 2024.

Ukraine needs $3 bn in monthly foreign financial aid in 2024

US Tech giant apple is looking to gain a foothold in the generative AI world. CEO Tim Cook on Wednesday said that the company would disclose more about its generative ai plans later this year.

Apple to reveal its generative AI plans later this year

WION's Business Desk brings you this daily round up of global stories from the world of business and economy.&nbsp;

Paramount global surprises with streaming growth despite missing revenue estimates

Paramount Global's quarterly revenue disappointed Wall Street on Wednesday, even after posting a profit boosted by streaming gains that overshadowed a sluggish advertising market.

<a href="https://www.wionews.com/business-economy/paramount-global-surprises-with-streaming-growth-despite-missing-revenue-estimates-695067">Read more here</a>

Apple to expand generative AI use: CEO Tim Cook at shareholder meeting

During Apple's annual shareholder meeting, CEO Tim Cook revealed plans to provide more insights into the company's utilisation of generative artificial intelligence (AI) later this year.

<a href="https://www.wionews.com/business-economy/apple-to-expand-generative-ai-use-ceo-tim-cook-at-shareholder-meeting-695069">Read more here</a>

Japan's factory output plummets in January as economic concerns mount

Japan's factory output experienced its sharpest decline since May 2020, according to government data released on Thursday, increasing worries about the country's fragile economy, which slipped into recession late last year.

<a href="https://www.wionews.com/business-economy/japans-factory-output-plummets-in-january-as-economic-concerns-mount-695087">Read more here</a>

Google faces $2.3 bn lawsuit from European media groups over alleged ad tech misconduct

Google is facing a 2.1-billion-euro ($2.3 billion) lawsuit filed by 32 media conglomerates, including Axel Springer and Schibsted.

<a href="https://www.wionews.com/business-economy/google-faces-23-bn-lawsuit-from-european-media-groups-over-alleged-ad-tech-misconduct-695000">Read more here</a>

WTO Showdown: US-led reform efforts trigger friction with India

A dispute has arisen over reforming the World Trade Organisation's dispute settlement system at the 13th ministerial meeting (MC13), with India accusing the US of stalling progress.&nbsp;

<a href="https://www.wionews.com/business-economy/wto-showdown-us-led-reform-efforts-trigger-friction-with-india-695037">Read more here</a>

Electronic Arts announces workforce reduction and office space cutback: Report

Electronic Arts (EA), a prominent player in the video game industry, plans to trim its workforce by 5 per cent and downsize office space in a strategic restructuring effort. This announcement comes while challenges within the gaming sector loom, compounded by high interest rates.

<a href="https://www.wionews.com/business-economy/electronic-arts-announces-workforce-reduction-and-office-space-cutbacks-report-695052">Read more here</a>

Wendy's promises no surge pricing for burgers amid backlash over CEO's comments

Wendy's, the renowned burger chain, has responded to a social media uproar following comments made by its CEO, Kirk Tanner, over the possible implementation of "dynamic pricing."

<a href="https://www.wionews.com/business-economy/wendys-promises-no-surge-pricing-for-burgers-amid-backlash-over-ceos-comments-695059">Read more here</a>

Shell's Savion initiates sale of solar assets: Reports

Shell's American solar subsidiary, Savion, has initiated the sale of approximately 25 per cent of its solar assets, according to industry sources and a marketing document obtained by Reuters.

<a href="https://www.wionews.com/business-economy/shells-savion-initiates-sale-of-solar-assets-according-to-sources-695071">Read more here</a>

Gemini agrees to return $1.1 billion to customers in regulatory settlement

Cryptocurrency exchange Gemini has reached a settlement with the New York Department of Financial Services (NYDFS), agreeing to refund at least $1.1 billion to customers impacted by its discontinued lending program, Reuters reported.

<a href="https://www.wionews.com/business-economy/gemini-agrees-to-return-11-billion-to-customers-in-regulatory-settlement-695081">Read more here</a>

SEC's climate reporting rule: What's at stake for investors and corporations?

Wall Street's top regulator, the US Securities and Exchange Commission (SEC), is nearing a decision that could reshape how thousands of US-listed companies disclose their climate-related risks and impacts to investors.

<a href="https://www.wionews.com/business-economy/secs-climate-reporting-rule-whats-at-stake-for-investors-and-corporations-695128">Read more here</a>

Ukraine seeks $3 billion in monthly aid as war rages on

Ukrainian Finance Minister Serhiy Marchenko has issued an urgent plea for $3 billion in monthly financial assistance to sustain the country throughout 2024. This request comes amid mounting economic pressure due to the ongoing war with Russia.

<a href="https://www.wionews.com/business-economy/ukraine-seeks-3-billion-in-monthly-aid-as-war-rages-on-695109">Read more here</a>

US SEC investigates potential misconduct at OpenAI

The Securities and Exchange Commission (SEC) is probing potential miscommunication between OpenAI and its investors during a period of internal conflict that led to CEO Sam Altman's ousting in November 2023.

<a href="https://www.wionews.com/business-economy/us-sec-investigates-potential-misconduct-at-openai-695111">Read more here</a>

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Paramount global surprises with streaming growth despite missing revenue estimates Paramount Global's quarterly revenue disappointed Wall Street on Wednesday, even after posting a profit boosted by streaming gains that overshadowed a sluggish advertising market.

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Paramount global surprises with streaming growth despite missing revenue estimates Paramount Global's quarterly revenue disappointed Wall Street on Wednesday, even after posting a profit boosted by streaming gains that overshadowed a sluggish advertising market. Read more here Apple to expand generative AI use: CEO Tim Cook at shareholder meeting During Apple's annual shareholder meeting, CEO Tim Cook revealed plans to provide more insights into the company's utilisation of generative artificial intelligence (AI) later this year. Read more here Japan's factory output plummets in January as economic concerns mount Japan's factory output experienced its sharpest decline since May 2020, according to government data released on Thursday, increasing worries about the country's fragile economy, which slipped into recession late last year. Read more here Google faces $2.3 bn lawsuit from European media groups over alleged ad tech misconduct Google is facing a 2.1-billion-euro ($2.3 billion) lawsuit filed by 32 media conglomerates, including Axel Springer and Schibsted. Read more here WTO Showdown: US-led reform efforts trigger friction with India A dispute has arisen over reforming the World Trade Organisation's dispute settlement system at the 13th ministerial meeting (MC13), with India accusing the US of stalling progress. Read more here Electronic Arts announces workforce reduction and office space cutback: Report Electronic Arts (EA), a prominent player in the video game industry, plans to trim its workforce by 5 per cent and downsize office space in a strategic restructuring effort. This announcement comes while challenges within the gaming sector loom, compounded by high interest rates. Read more here Wendy's promises no surge pricing for burgers amid backlash over CEO's comments Wendy's, the renowned burger chain, has responded to a social media uproar following comments made by its CEO, Kirk Tanner, over the possible implementation of "dynamic pricing." Read more here Shell's Savion initiates sale of solar assets: Reports Shell's American solar subsidiary, Savion, has initiated the sale of approximately 25 per cent of its solar assets, according to industry sources and a marketing document obtained by Reuters. Read more here Gemini agrees to return $1.1 billion to customers in regulatory settlement Cryptocurrency exchange Gemini has reached a settlement with the New York Department of Financial Services (NYDFS), agreeing to refund at least $1.1 billion to customers impacted by its discontinued lending program, Reuters reported. Read more here SEC's climate reporting rule: What's at stake for investors and corporations? Wall Street's top regulator, the US Securities and Exchange Commission (SEC), is nearing a decision that could reshape how thousands of US-listed companies disclose their climate-related risks and impacts to investors. Read more here Ukraine seeks $3 billion in monthly aid as war rages on Ukrainian Finance Minister Serhiy Marchenko has issued an urgent plea for $3 billion in monthly financial assistance to sustain the country throughout 2024. This request comes amid mounting economic pressure due to the ongoing war with Russia. Read more here US SEC investigates potential misconduct at OpenAI The Securities and Exchange Commission (SEC) is probing potential miscommunication between OpenAI and its investors during a period of internal conflict that led to CEO Sam Altman's ousting in November 2023. Read more here

WION Business Wrap | From Japan to the U.S: Top business and economy stories of the day

To attract international investors, South Africa will speed up work permit issuance for foreign executives and technicians at the country's biggest companies. According to the Southern African-german chamber of commerce and industry, which represents Bayer Ag and Volkswagen ag in south africa, problems with work permits have stymied investment and put 100,000 jobs at risk.

South Africa to ease work-permit process

Japan's Sony is cutting about 900 jobs at its Playstation unit and shutting a studio in London. The job cuts come at a time when the videogame industry struggles to recover from a post-pandemic slump.

Japanese firm to cut about 900 jobs at its Playstation unit

China's Belt & Road Initiative, criticised for debt traps, faces an anti-corruption probe. President Xi Jinping's flagship project is under scrutiny amid allegations of corruption and financial risks in countries like pakistan and sri lanka. We decode why concerns are escalating over the trillion-dollar initiative's integrity.

Belt & Road Initative faces anti-graft probe

Country garden holdings is embroiled in a financial storm. With a liquidation petition looming over its head due to a $205 million loan default, the company's shares plummeted by 12%.

China: Country garden faces liquidation petition over $205 mn default

Both Bitcoin and Ethereum have soared to two-year highs, fueled by recent ETF approvals and a notable investment push from Reddit. However, amid the excitement, concerns linger regarding regulatory scrutiny and the potential risks associated with such rapid price escalation.

Bitcoin & ether lead charge with double-digit gains

The senate is becoming more against President Javier Milei's order, which means it could be overturned when normal sessions start next week. This would mean that his first dose of economic shock therapy would not work as well as planned.

Javier Milei's economic shock therapy in jeopardy

The debate about companies asking employees to get into the office more often continues. The latest is the backlash to Deutsche Bank's move to compel staff into the office more often. That decision has drawn internal opposition, showing the difficulty of reversing a COVID-19 pandemic policy.

Return-to-office push sparks employee backlash

Embattled Indian ed-tech firm Byju's gets a legal reprieve. India's company law tribunal has reserved its verdict on an interim plea by a group of investors against Byju Raveendran and other promoters.

Byju's  $200 million rights issue to go ahead after legal reprieve

WION's Business Desk brings you this daily round up of global stories from the world of business and economy.&nbsp;

Sony announces layoffs and studio closure while challenges loom in the gaming sector

Sony has revealed plans to lay off approximately 900 employees from its PlayStation unit and shut down a London-based studio, according to an announcement made on Tuesday.

<a href="https://www.wionews.com/business-economy/sony-announces-layoffs-and-studio-closure-while-challenges-loom-in-the-gaming-sector-694581">Read more here</a>

Maersk issues warning on prolonged Red Sea disruptions, supply chain challenges

Maersk, a key player in the global shipping industry, has issued a cautionary note, indicating that disruptions to container shipping through the Red Sea may extend into the second half of the year.

<a href="https://www.wionews.com/business-economy/maersk-issues-warning-on-prolonged-red-sea-disruptions-supply-chain-challenges-694586">Read more here</a>

Investors accuse Byju's of siphoning $533 million. Here are the details

Edtech company Byju's is facing allegations from investors who claim that the company siphoned off a staggering $533 million to an obscure hedge fund in the United States.

<a href="https://www.wionews.com/business-economy/investors-accuse-byjus-of-siphoning-533-here-are-the-details-694594">Read more here</a>

Bitcoin hits two-year high surpassing $57,000 with strong institutional interest

Bitcoin, has surged to a two-year high, blazing through $57,000 in a remarkable two-day rally, marking its most substantial gain of the year.

<a href="https://www.wionews.com/business-economy/bitcoin-hits-two-year-high-surpassing-57000-with-strong-institutional-interest-694609">Read more here</a>

India anticipates first drop in thermal coal imports amid rising domestic production

India, the world's second-largest coal importer, is reportedly set to witness a decline in thermal coal imports for the first time since the COVID-19 pandemic, according to industry officials at the Coaltrans India conference held in Goa.

<a href="https://www.wionews.com/business-economy/india-anticipates-first-drop-in-thermal-coal-imports-amid-rising-domestic-production-694622">Read more here</a>

Australia's inflation remains at two-year low in January, dampening rate hike expectations

Australia's consumer price inflation has maintained a two-year low in January, defying expectations of a slight increase, according to data released by the Australian Bureau of Statistics on Wednesday.

<a href="https://www.wionews.com/business-economy/australias-inflation-remains-at-two-year-low-in-january-dampening-rate-hike-expectations-694636">Read more here</a>

China's Country Garden faces liquidation petition amid financial challenges

China's largest private property developer, Country Garden Holdings, is grappling with a liquidation petition for failing to repay a term loan facility worth HK$1.6 billion ($204.5 million), the company disclosed on Wednesday.

<a href="https://www.wionews.com/business-economy/chinas-country-garden-faces-liquidation-petition-amid-financial-challenges-694643">Read more here</a>

Wendy's to introduce Uber-style 'Surge Pricing' on Burgers, prompting concerns

Wendy's, the popular fast-food chain, is set to experiment with an "Uber-style" surge-pricing model, where the prices of its menu items will fluctuate based on demand throughout the day.

<a href="https://www.wionews.com/business-economy/wendys-to-introduce-uber-style-surge-pricing-on-burgers-prompting-concerns-694653">Read more here</a>

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Sony announces layoffs and studio closure while challenges loom in the gaming sector Sony has revealed plans to lay off approximately 900 employees from its PlayStation unit and shut down a London-based studio, according to an announcement made on Tuesday.

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Sony announces layoffs and studio closure while challenges loom in the gaming sector Sony has revealed plans to lay off approximately 900 employees from its PlayStation unit and shut down a London-based studio, according to an announcement made on Tuesday. Read more here Maersk issues warning on prolonged Red Sea disruptions, supply chain challenges Maersk, a key player in the global shipping industry, has issued a cautionary note, indicating that disruptions to container shipping through the Red Sea may extend into the second half of the year. Read more here Investors accuse Byju's of siphoning $533 million. Here are the details Edtech company Byju's is facing allegations from investors who claim that the company siphoned off a staggering $533 million to an obscure hedge fund in the United States. Read more here Bitcoin hits two-year high surpassing $57,000 with strong institutional interest Bitcoin, has surged to a two-year high, blazing through $57,000 in a remarkable two-day rally, marking its most substantial gain of the year. Read more here India anticipates first drop in thermal coal imports amid rising domestic production India, the world's second-largest coal importer, is reportedly set to witness a decline in thermal coal imports for the first time since the COVID-19 pandemic, according to industry officials at the Coaltrans India conference held in Goa. Read more here Australia's inflation remains at two-year low in January, dampening rate hike expectations Australia's consumer price inflation has maintained a two-year low in January, defying expectations of a slight increase, according to data released by the Australian Bureau of Statistics on Wednesday. Read more here China's Country Garden faces liquidation petition amid financial challenges China's largest private property developer, Country Garden Holdings, is grappling with a liquidation petition for failing to repay a term loan facility worth HK$1.6 billion ($204.5 million), the company disclosed on Wednesday. Read more here Wendy's to introduce Uber-style 'Surge Pricing' on Burgers, prompting concerns Wendy's, the popular fast-food chain, is set to experiment with an "Uber-style" surge-pricing model, where the prices of its menu items will fluctuate based on demand throughout the day. Read more here

WION Business Wrap | The top business stories of the day summarised

India is making a major play to enter the global chip race. The government is considering proposals worth $21 billion from companies like tower semiconductor and tata group to set up semiconductor plants in the country. This move aims to reduce reliance on chip imports and establish India as a chip manufacturing hub. Watch to know more!

$21 billion in proposals aim to make India a chip manufacturing hub

As concerns about potential shortages in supply continue to grow, the price of cocoa rose to new all-time highs in New York. Monday saw futures reach a new high, climbing 4.6%. This comes after last week when cocoa prices marked the biggest weekly gain since 1999. Watch to know more!

Persistent supply fears push Cocoa to new record high

In the world of trading and investing, firms rarely struggle with excess capital. While you would assume a large cash pile is a good thing for trading firms and their investors, that's not the case among energy traders. But how does that affect you, the consumer & taxpayer? Take a look at our report to find out.

Energy traders face cash surplus dilemma amid industry meet

The Director-General of World Trade Organisation (WTO) said that "the world" may undershoot the 3.3% merchandise trade growth rate for this year. Trade Ministers from nearly every country in the world gathered in Abu Dhabi on Monday for a World Trade Organisation meeting that aims to set new global commerce rules. But even its ambitious Chief Okonjo-Iweala sought to curb expectations.

WTO Director General signals possible shortfall in trade growth | World Business Watch

Israel chose not to cut interest rates on monday. The Central Bank remains on high alert for the possibility of a broader war. Inflation fears have also increased on expectations of a rebound economic rebound this year.

Israel Central Bank on alert for risks of a wider war

Spain's ports are bustling with activity as they navigate through a surge in shipping volume. In January alone, traffic through the country's top ports skyrocketed by as much as 25%.

Spain's top ports experience up to 25% volume increase in January

According to a new survey, poverty in India has significantly declined, with estimates suggesting it may be below 5%. The survey also reveals a notable rise in consumption across the country, along with a shift in spending patterns. Watch to know more!

Niti Aayog CEO claims poverty in India is below 5%

The world is sitting on debt time bomb, which has crossed the 300-trillion mark. However, some countries are at a greater risk than others. This report tells you more.

Global debt burden now stands at record $313 trillion

Medical debt in the united states has reached alarming levels, with an estimated 20 million adults owing roughly $220 billion. This translates to 1 in 10 adults struggling with medical bills exceeding $1,000, highlighting the widespread prevalence of this issue. Watch to know more!

US: 1 in 10 adults owes over $1,000 in medical debt in the United States