Business News - The Last 24 Hours

Modi's strongman rule raises questions about India's 'democratic decline' as he seeks a third term
CNBC - 56 min 37 sec ago
India has witnessed signs of democratic backsliding that has become apparent during the Modi era, observers and critics say.

RELATED:

Deutsche Welle - India: Is the Tata Group's Air India revamp working? - 10 hours 24 min ago

NDTV - UK Watchdog Applies "Extra Control" Measures On Indian Spices Amid Row - 14 hours 31 min ago

Reuters - Dance videos of Modi, rival turn up AI heat in India election - Reuters - 17 hours 1 min ago

COMMENTARY:

Indiatimes - Mizoram people protest against India-Myanmar border fencing - 5 hours 12 min ago

The Hindu - Air India ceased be State or its instrumentality under Article 12 post disinvestment: SC - 12 hours 41 min ago

SCMP - Indians pulled into Cambodia cryptocurrency scam demand more local jobs as ‘quick money dream’ sours - 17 hours 30 min ago

US House Passes Bill To Force Biden To Send Weapons To Israel
NDTV - 2 hours 13 min ago
The Republican-led U.S. House of Representatives passed a bill on Thursday that would force President Joe Biden to send weapons to Israel, seeking to rebuke the Democrat for delaying bomb shipments as he urges Israel to do more to protect civilians during its war with Hamas. The Israel Security Assistance Support Act was approved 224 to 187, largely along party lines. Sixteen Democrats joined most Republicans in voting yes, and three Republicans joined most Democrats in opposing the measure ...

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Bloomberg - CFPB's Funding System Upheld by Supreme Court in Biden Win (4) - Bloomberg Law - 4 hours 33 min ago

Associated Press - Biden's special counsel interview audio release blocked by White House - The Associated Press - 5 hours 11 min ago

BBC - Biden blocks release of special counsel interview tapes - 5 hours 55 min ago

NDTV - Joe Biden Rejects Republican Request For Audio Of Special Counsel Interview - 6 hours 33 min ago

CNBC - Refinancing student debt is risky amid Biden forgiveness push. Borrowers 'forever lose access' to safety nets, advocates say - 9 hours 39 min ago

FOX Business - Comer announces new subpoena in Biden family probe - 12 hours 7 min ago

COMMENTARY:

The Guardian - Morehouse College faculty votes to give Biden honorary doctorate in split vote - 2 hours 5 min ago

Wall Street Journal - Biden Makes a Bogus Executive Privilege Claim - 2 hours 24 min ago

BusinessInsider - These 16 House Democrats voted to force Biden to deliver withheld aid to Israel - 3 hours 2 min ago

The Independent - Biden administration starts process to reclassify marijuana in historic shift - 5 hours 21 min ago

Russia Today - Biden asserts ‘executive privilege’ over prosecutor’s tapes - 5 hours 42 min ago

Indiatimes - Joe Biden rejects Republican request for audio of special counsel interview - 9 hours 45 min ago

Trump lawyer takes aim at Cohen trying to paint him as liar
BBC - 3 hours 26 min ago
"Does the outcome of this trial affect you personally?" Mr Blanche asked Cohen at one point

BBC - Michael Cohen faces off with Trump's lawyers again - 11 hours 34 min ago

CNN - Trump defense to resume cross-examination of Michael Cohen - 12 hours 10 min ago

NDTV - Trump's Lawyers To Challenge Former Aide's Testimony In Hush Money Trial - 17 hours 31 min ago

COMMENTARY:

Russia Today - Biden should have pardoned Trump – US senator - 1 hour 42 min ago

The Independent - Key takeways from day 18 of Trump’s hush money trial - 1 hour 43 min ago

Wall Street Journal - A New Jersey Friend Is Sticking With Trump - 1 hour 58 min ago

SCMP - Donald Trump’s lawyer accuses Michael Cohen of lying at hush money trial - 2 hours 49 min ago

Sydney Morning Herald - Michael Cohen grilled by Donald Trump's lawyers in hush money trial - 3 hours 26 min ago

The Guardian - Gaetz invokes Trump’s call to far-right Proud Boys at hush-money trial - 3 hours 56 min ago

BusinessInsider - Donald Trump's allies are doing his dirty work while tiptoeing around his gag order - 5 hours 14 min ago

New York Post - NBC ‘Meet the Press’ host Kristen Welker objected to Donald Trump interview for debut episode: report - 6 hours 47 min ago

Indiatimes - Donald Trump's lawyers cite Michael Cohen's insults to undercut his credibility - 7 hours 6 min ago

New York Times - In About-Face, Wall Street’s Big Donors Warm to Trump - 15 hours 25 min ago

Russia's Putin expresses gratitude to China's Xi for Ukraine peace plan - The Associated Press
Associated Press - 3 hours 28 min ago
Russia's Putin expresses gratitude to China's Xi for Ukraine peace plan The Associated Press

Deutsche Welle - Putin thanks Xi for China's initiatives on Ukraine - 15 hours 33 min ago

CNBC - As Putin and Xi meet, the power dynamics between Russia and China keep the West guessing - 19 hours 55 min ago

CNN - Russia advances in Ukraine as Putin meets Xi in China - 20 hours 8 min ago

BBC - Putin in China to meet Xi as Ukraine looms large - 23 hours 45 min ago

COMMENTARY:

SCMP - Pentagon warns Beijing about its military ties to Russia, even as Xi and Putin meet - 5 hours 14 min ago

Indiatimes - Xi Jinping and Putin hint at political settlement to Ukraine conflict - 6 hours 31 min ago

Russia Today - An EU leader has been shot, and of course it has to be about Putin - 8 hours 42 min ago

The Independent - Putin and Xi pledge to ‘nurture’ deepening alliance against United States and the West - 9 hours 24 min ago

BusinessInsider - Putin is putting his bromance with Xi on full display — but China has reason to be wary - 11 hours 54 min ago

The Guardian - Putin and Xi announce plans to strengthen military ties in Beijing - 12 hours 33 min ago

Sydney Morning Herald - Putin thanks Xi for China’s initiatives to resolve the Ukraine conflict - 14 hours 23 min ago

Wall Street Journal - Putin arrived in China on Thursday in search of more of the support that has helped Russia resist Western efforts to isolate it. - 20 hours 9 min ago

Many US consumers staying away from EVs due to lack of charging availability: report
FOX Business - 4 hours 4 min ago
Interest in electric vehicles among American car buyers has dwindled in part due to concerns about access to charging infrastructure, a new study by J.D. Power found.

CNBC - Supreme Court rules Consumer Financial Protection Bureau funding structure is legal - 9 hours 43 min ago

COMMENTARY:

New York Times - What the Supreme Court Ruling Means for Other Consumer Bureau Actions - 1 hour 5 min ago

BusinessInsider - The consumer slowdown is here and its flashing a recession warning for the economy - 7 hours 13 min ago

AllAfrica - Nigeria: Make Consumer Credit Scheme Work - 7 hours 37 min ago

Wall Street Journal - Federal Consumer Financial Watchdog Survives Supreme Court Scrutiny - 9 hours 46 min ago

SCMP - PDD’s Temu shopping app targeted in EU consumer group’s complaint to EU tech regulator - 15 hours 10 min ago

Former Facebook and Nike diversity manager gets 5 years in prison for $5 million fraud
CNBC - 4 hours 15 min ago
Barbara Furlow-Smiles, a Georgia resident who was a diversity manager for Facebook and Nike, was ordered to pay restitution for her theft scheme.

NDTV - EU Launches Probe Into Facebook, Instagram Over Child Safety Risks - 12 hours 7 min ago

BBC - EU investigates Facebook and Instagram over child safety - 12 hours 47 min ago

Deutsche Welle - EU probes Facebook, Instagram over child protection concerns - 13 hours 3 min ago

COMMENTARY:

Indiatimes - Facebook, Instagram face fresh scrutiny under EU's digital norms - 6 hours 14 min ago

BusinessInsider - A former Facebook director says managers need to kill the weekly 1:1 meeting. Here's why. - 7 hours 30 min ago

Wall Street Journal - Meta Faces EU Probe Over Facebook, Instagram Child-Protection Policies - 12 hours 59 min ago

New York Times - EU Investigates Facebook and Instagram Over Addictive Effects on Children - 14 hours 8 min ago

The Guardian - EU investigates Facebook owner Meta over child safety and mental health concerns - 14 hours 9 min ago

SCMP - Hong Kong teacher visited foot massage parlour not prostitutes on Wuhan study trip, says Facebook post - 15 hours 10 min ago

How small businesses became Goldman Sachs allies to fight Washington regulations - Reuters
Reuters - 4 hours 24 min ago
How small businesses became Goldman Sachs allies to fight Washington regulations Reuters

Boeing supplier Spirit AeroSystems lays off workers, citing lower plane delivery rates
CNBC - 4 hours 36 min ago
Spirit makes fuselages at the plant for Boeing's best-selling 737 Max plane, deliveries of which have slowed in the wake of a door panel blowout.

RELATED:

CNBC - Investing in Space: Boeing inches closer to Starliner launch - 8 hours 57 min ago

NDTV - What's Next For Boeing After US Says Plane Maker Can Be Prosecuted - 20 hours 39 min ago

COMMENTARY:

The Independent - Boeing supplier Spirit AeroSystems to lay off hundreds of staff days after whistleblower’s sudden death - 1 hour 55 min ago

Wall Street Journal - Boeing Supplier Spirit AeroSystems to Lay Off Hundreds - 3 hours 32 min ago

Indiatimes - Mission impossible? Next Boeing CEO faces pile of problems - 22 hours 5 min ago

Germany faces challenge as 2025 tax forecast sinks
Deutsche Welle - 5 hours 36 min ago
Germany's federal, state and local governments can expect less revenue next year than had been assumed. Finance Minister Christian Lindner said it was clear that the public sector would have to tighten its belt.

RELATED:

FOX Business - Time to claim $1B in tax refunds dwindles: A state-by-state breakdown - 10 hours 17 min ago

BBC - Is Starmer right about a £46bn unfunded tax cut? - 11 hours 50 min ago

COMMENTARY:

AllAfrica - Kenya: Heavy Taxation Not a Solution to Kenya's Debt Problem - Tax Experts - 9 hours 54 min ago

Indiatimes - Tax money pays for free ration scheme but BJP trying to take credit, says Mayawati - 18 hours 23 min ago

Russia gives British diplomat in Moscow a week to leave
BBC - 5 hours 44 min ago
The expulsion of Adrian Coghill comes after his counterpart was removed from Britain last week

NDTV - Transgender Russian Politician Claims To Have De-Transitioned Back To A Man - 11 hours 22 min ago

Deutsche Welle - How China supports Russia's war - 17 hours 30 min ago

Bloomberg - The Real Reason Behind Russian Diesel Export Slump This Year - Bloomberg - 20 hours 10 min ago

COMMENTARY:

Russia Today - ‘Big blunder’ to let China and Russia get close – US strategist - 2 hours 46 min ago

Indiatimes - Russia expels UK defence attache in tit-for-tat move - 6 hours 58 min ago

SCMP - Vladimir Putin, Xi Jinping agree to expand Russia-China military coordination - 7 hours 56 sec ago

The Guardian - Russia expels British military attache in diplomatic tit for tat - 7 hours 4 min ago

The Independent - It’s horrifying what’s happened to Ukrainians with disabilities during Russia’s war – we cannot abandon them - 12 hours 54 min ago

Wall Street Journal - For China, Russia Is Both a Partner and a Predicament - 20 hours 5 min ago

Russia Lacks Numbers For Major Breakthrough In Ukraine: NATO Commander
NDTV - 5 hours 45 min ago
Russia does not have sufficient forces on the ground to make a major breakthrough in Ukraine after launching an offensive in the Kharkhiv region, a top NATO commander said Thursday. "The Russians don't have the numbers necessary to do a strategic breakthrough... more to the point they don't have the skill and the ability to do it," US General Christopher Cavoli, NATO Supreme Allied Commander Europe, told journalists. "I've been in very close contact with our Ukrainian colleagues and I' ...

RELATED:

NDTV - Ukraine Accuses Russia Of Detaining, Killing Civilians In Kharkiv - 12 hours 31 min ago

Deutsche Welle - Oleksandr Usyk ready to inspire Ukraine in Fury fight - 15 hours 30 min ago

COMMENTARY:

Wall Street Journal - Will Biden Now Step Up on Ukraine? - 2 hours 26 min ago

BusinessInsider - Ukraine's getting more longe-range missiles that leave the Russians with 'nowhere to hide' - 2 hours 46 min ago

Russia Today - Pentagon sounds alarm over Ukraine corruption - 7 hours 42 min ago

Indiatimes - Ukraine says it has checked Russia's offensive in a key town, but Moscow says it will keep pushing - 12 hours 25 min ago

SCMP - Ukraine, Rockin’ in the Free World? Mixed reviews after Blinken’s Kyiv bar performance - 21 hours 27 min ago

Analysts dismiss fears of German 'de-industrialization' for now
FOX Business - 5 hours 55 min ago
Growing global competition and changes to Germany's economy have some business leaders worried that Germany is headed for de-industrialization, but analysts disagree.

Ukraine updates: US sanctions Russia, North Korea arms deals
Deutsche Welle - 6 hours 23 min ago
The US announced sanctions against two Russian individuals and three companies for facilitating arms transfer between Russia and North Korea, including ballistic missiles intended for use in Ukraine. DW has the latest.

COMMENTARY:

Wall Street Journal - U.S., Congo Pitch Deal to Ease Sanctions on Israeli Businessman in Quest for Metals - 9 hours 30 min ago

Walmart says more diners are buying its groceries as fast food gets pricey
CNBC - 6 hours 44 min ago
The company's CFO said customers across incomes are looking for cheaper meals.

FOX Business - Walmart holds keys to inflation picture - 16 hours 10 min ago

COMMENTARY:

New York Post - Wealthier customers flock to Walmart to boost retailer’s sales in strong Q1 earnings - 5 hours 57 min ago

New York Times - Walmart Opens the Year With Stronger Sales and Profit - 12 hours 48 min ago

Wall Street Journal - Walmart Posts Sales Growth, Raises Earnings Outlook for the Year - 12 hours 51 min ago

Oil prices rise after US economic data strengthens rate cut expectations - Reuters
Reuters - 7 hours 1 min ago
Oil prices rise after US economic data strengthens rate cut expectations Reuters

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CNBC - Oil prices hold firm as crude inventories fall and U.S. inflation eases - 11 hours 46 min ago

249 Million People Living With Hypertension In South East Asia: WHO
NDTV - 7 hours 1 min ago
An estimated 294 million people are living with hypertension in the South-East Asia region, including India, said Saima Wazed, WHO Regional Director for South-East Asia on Thursday. World Hypertension Day, observed on May 17 every year, "aims to increase awareness of this silent killer, and galvanise global action to combat high blood pressure". This year, the theme is a call to 'Measure Your Blood Pressure Accurately, Control It, Live Longer'. Stressing the importance of "early detection ...

COMMENTARY:

The Guardian - WHO accuses Nigel Farage of spreading misinformation about pandemic treaty - 19 hours 9 min ago

Tesla: Court win for German protesters amid expansion vote
Deutsche Welle - 7 hours 21 min ago
A regional court ruled that police may not remove a forest encampment erected by environmentalists opposing Elon Musk's factory expansion plans. A vote on a downsized expansion is taking place on Thursday.

COMMENTARY:

SCMP - Texas governor pardons man convicted of murdering Black Lives Matter protester - 12 min 47 sec ago

Sydney Morning Herald - ‘Politics over justice’: Texas governor pardons man convicted of killing Black Lives Matter protester - 1 hour 46 min ago

Wall Street Journal - Texas Gov. Greg Abbott Pardons Man Who Killed BLM Protester - 3 hours 9 min ago

The Guardian - Texas governor pardons man who killed Black Lives Matter protester in 2020 - 3 hours 23 min ago

The Independent - Texas Governor pardons Uber driver convicted of murdering BLM protester - 3 hours 30 min ago

This week's personal loan rates rise for 3- and 5-year terms
FOX Business - 7 hours 39 min ago
The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.

COMMENTARY:

New York Post - Dow breaks 40,000 for first time ever as optimism for Fed rate cut grows - 8 hours 33 min ago

BusinessInsider - Interest-rate cuts could be coming this fall, adding another wrinkle to an election set to focus on the economy - 9 hours 4 min ago

The church of Warren Buffett: Why thousands of investors flock to Omaha to be near the investing genius
CNBC - 9 hours 7 min ago
Tens of thousands of investors attended the Berkshire Hathaway shareholders meeting in Omaha, Nebraska this year. I went to see what they were all doing there.

COMMENTARY:

The Independent - Billionaire Warren Buffett finally reveals mystery stock he’s been buying up - 6 hours 1 min ago

Wall Street Journal - Warren Buffett's Berkshire Hathaway unveiled a big investment in Chubb, resolving a mystery that has intrigued followers of the Omaha, Neb., company. - 20 hours 9 min ago

United Airlines says FAA cleared it to add new aircraft, routes after safety review
CNBC - 9 hours 53 min ago
United Airlines said in March that the FAA was stepping up its review of the airline after a series of safety incidents.

RELATED:

Reuters - Singapore Airlines CEO says travel out of China not yet recovered - Reuters - 19 hours 44 min ago

COMMENTARY:

BusinessInsider - Another of the world's best airlines is giving its staff a huge bonus after a 2nd year of record profits - 14 hours 19 min ago

SCMP - Singapore Airlines staff to get nearly 8 months of bonus after record profit - 22 hours 57 min ago

Jim Cramer's top 10 things to watch in the stock market Thursday
CNBC - 10 hours 52 min ago
Wall Street is set for a low-key open Thursday after the S&P 500, Nasdaq and Dow all closed at record highs.

COMMENTARY:

BusinessInsider - Stock market today: Indexes slip after Dow crosses 40,000 for the first time - 3 hours 52 min ago

Indiatimes - Stock market fraud: How a Delhi woman lost over Rs 23 lakh chasing good returns - 15 hours 12 min ago

NI Civil Service 'reactive not proactive' to Covid, says Sue Gray
BBC - 12 hours 27 min ago
Sir Keir Starmer's chief of staff Sue Gray gave evidence to the UK Covid Inquiry sitting in Belfast.

COMMENTARY:

The Guardian - NI government failed to be proactive in Covid pandemic, Sue Gray tells inquiry - 6 hours 25 min ago

Indiatimes - Study on Covaxin reports adverse events in some participants who took the Covid-19 vaccine - 20 hours 5 min ago

SCMP - Covid-19 remains a worse killer than the flu, US study finds - 20 hours 53 min ago

Disney's Bob Iger: tech is the key to streaming profitability
FOX Business - 14 hours 3 min ago
While speaking at a conference, CEO Bob Iger on Wednesday identified investing in technology as a measure that will help the Walt Disney Company make streaming a money-maker.

COMMENTARY:

BusinessInsider - Heads-up, Apple and the rest of Big Tech: Disney wants better app store deals. - 3 hours 44 min ago

New York Post - Fox, Disney, Warner Bros. Discovery sports-streaming venture to be called Venu Sports - 7 hours 14 min ago

U.S. inflation data fuels bets of Fed rate cuts as early as September — but analysts aren’t convinced
CNBC - 15 hours 13 min ago
Traders appear increasingly confident that the U.S. Federal Reserve could start cutting interest rates as early as September.

COMMENTARY:

New York Post - JPMorgan Chase CEO Jamie Dimon warns interest rates could stay high: ‘A lot of inflationary forces in front of us’ - 6 hours 4 min ago

BusinessInsider - Jamie Dimon says inflation is worse than people think, and that the market is too optimistic about a soft landing - 7 hours 46 sec ago

New York Times - Despite Inflation Concerns, Markets Keep Rising - 12 hours 10 min ago

The Hindu - Argentina reports its first single-digit inflation in six months - 16 hours 35 min ago

Wall Street Journal - Philippines Central Bank Keeps Rates Steady to Guard Against Inflation - 16 hours 50 min ago

AllAfrica - Nigeria: Inflation Rises to 33.69% - 19 hours 35 min ago

Microsoft offers relocation to hundreds of China-based AI staff amid U.S.-China tech tensions
CNBC - 15 hours 37 min ago
Microsoft has reportedly asked employees at its China-based cloud-computing and artificial-intelligence operations to consider relocation outside of China.

COMMENTARY:

The Independent - Microsoft executive’s ex-wife wrote ‘good luck’ on check to a hitman. Now she’s charged with murder - 8 hours 22 min ago

BusinessInsider - Microsoft reportedly tells hundreds of AI and cloud staff to consider leaving China - 12 hours 32 min ago

SCMP - Microsoft asks China-based AI workers to move overseas amid rising US-China tensions in advanced technology - 16 hours 9 min ago

The Straits Times - Microsoft asks hundreds of China-based staff to relocate, WSJ reports - 18 hours 50 min ago

Indiatimes - Microsoft asks hundreds of China staff to relocate as tensions with US simmer - 19 hours 22 min ago

Wall Street Journal - Microsoft Asks Hundreds of China-Based AI Staff to Relocate Amid U.S.-China Tensions - 20 hours 8 min ago

India 'very favorable' for IPOs, Peak XV says, as economy and investor sentiment stay strong
CNBC - 16 hours 32 min ago
India offers a "very favorable" environment for companies to list, said Peak XV Partners.

COMMENTARY:

The Straits Times - Haidilao restaurant operator Super Hi prices US IPO at US$19.56 per share - 50 min 5 sec ago

The Hindu - Awfis Space Solutions fixes IPO price band at ₹364-383 - 9 hours 57 min ago

Chinese EV startup Nio is changing its global strategy with U.S., EU tariffs on the horizon
CNBC - 17 hours 28 min ago
Chinese electric car startup Nio is adjusting its approach to global markets in light of geopolitical developments, CEO William Li said Thursday.

COMMENTARY:

SCMP - What are the 14 Chinese items on the US tariff list, and how important are they to China’s exports? - 8 hours 9 min ago

BusinessInsider - Biden's tariffs don't loosen China's grip on one key mineral in the EV economy - 13 hours 9 min ago

Indiatimes - China to take 'resolute measures" in response to US's increasing tariffs on imports - 18 hours 26 min ago

China's Nio launches Onvo brand to challenge Tesla's best-selling model - Reuters
Reuters - 20 hours 14 min ago
China's Nio launches Onvo brand to challenge Tesla's best-selling model Reuters

RELATED:

BBC - China's Nio unveils Tesla Model Y rival - 21 hours 55 min ago

COMMENTARY:

BusinessInsider - The full list of major US companies slashing staff this year, from Tesla to Google and Apple - 6 hours 12 min ago

Faisal Islam: Is the US economy doing too well?
BBC - 22 hours 52 min ago
The US economic boom has consequences for the global balance of power - and for the UK.

RELATED:

BBC - Faisal Islam: Is the US economy doing too well? - 22 hours 52 min ago

COMMENTARY:

SCMP - Why Xi’s European tour was a quiet but effective victory over the US - 11 hours 39 min ago

Indiatimes - US inflation data was accidentally released 30 minutes early - 21 hours 26 min ago