Business News
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer, the UK prime minister, will urge G20 leaders to “double down” on their support for Ukraine, as he seeks to rally support for Kyiv ahead of Donald Trump’s inauguration as US president … Read more
If there’s anything buzzy in the tech world, chances are Xavier Niel caught wind of it. The hacker-turned-entrepreneur owns a sprawling telecom empire, sits on TikTok parent ByteDance’s five-member board, and is a major startup champion, counting French darling Mistral AI among his investments. The billionaire has had a keen eye on tech developments throughout … Read more
The government is expected to surpass its direct tax collection target of Rs 22.07 lakh crore for the current fiscal year, according to Ravi Agarwal, Chairman of the Central Board of Direct Taxes (CBDT). Agarwal also announced that taxpayers, who have not reported foreign income or assets in their Income Tax Returns (ITRs) can file … Read more
The stock market closed last week on a negative note, weighed down by investor speculation that the Federal Reserve might scale back its pace of policy easing. Federal Reserve Chair Jerome Powell, in remarks on Thursday, emphasized there was no immediate rush to lower interest rates, citing positive economic indicators. This message was reinforced on … Read more
Nov. 18, 2024 5:58 AM ETGold Spot Price (XAUUSD:CUR), USOGLD, IAU, SLV, SIL, GDX, DBA, DBO, UNG, USL, UGA, SGOL, SIVR, PALL, GDXJ, PHYS, BNO, SOYB, WEAT, PSLV, NUGT, CPER, RING, OUNZ, SILJ, BAR, GLDM, AAAU, XPDUSD:CUR, XPTUSD:CUR, C_1:COM, S_1:COM, W_1:COM, CO1:COM, HG1:COM, NG1:COM, CL1:COMBy: Arundhati Sarkar, SA News Editor primeimages/E+ via Getty Images Gold … Read more
The boy, 6, landed in Orlando, Florida, instead of Fort Myers, where his grandma lives. Spirit Airlines has filed for Chapter 11 bankruptcy protection following significant financial struggles due to mounting losses and debt maturities, the airline announced Monday. The filing comes after two failed mergers in less than two years – one recently with … Read more
Investing.com — Enel’s (ETR:) updated 2025-2027 guidance posted a mixed yet cautiously optimistic outlook. The utility giant projects an EBITDA range of €22.9-23.1 billion for FY25 and €24.1-24.5 billion for FY27, marking an approximate 8.2% growth midpoint from 2024 to 2027. While net income guidance indicates modest increases, the shift in dividend policy is notable—raising … Read more
Emma Reynolds, UK pensions minister, has left the door open to forcing pension schemes to invest more in British assets if reforms fail to drive savings into domestic infrastructure and companies. The government announced this week it would create a series of “megafunds” to steer more of the UK’s £1.3tn defined contribution and local authority pension industry … Read more
The skeleton of a 22-metre-long dinosaur (70 feet) fetched six million euros ($6.4 million) Saturday, AFP learned from auction houses Collin du Bocage and Barbarossa. An anonymous collector snapped up the vegetarian apatosaurus, which was dug up in the United States, for 4.7 million euros rising to 6 million including costs. The buyer pledged to … Read more
The government is preparing to introduce major reforms in the insurance sector by allowing 100 percent foreign direct investment (FDI) in insurance companies, according to a report in the Times of India. These changes are part of the upcoming Insurance Amendment Bill, which will be presented during the winter session of Parliament. If … Read more