Business News
At the outskirts of a South Korean industrial city, workers at a sprawling weapons factory were conducting final-stage testing for a newly built surface-to-air defence system that could, eventually, head to Ukraine. Longstanding domestic policy bars Seoul from sending weapons into active conflict zones, but ever since its spy agency accused the nuclear-armed North last … Read more
Documents from the U.S. Department of Justice reveal a complex web of corruption allegedly involving Gautam Adani and executives from his company, Adani Green Energy, alongside Azure Power. At the heart of the allegations: a $250 million bribery scheme to secure lucrative solar energy contracts. Defendants allegedly used code names while bribes were meticulously tracked … Read more
Texas Attorney General Ken Paxton announced on Thursday he is opening an investigation into the World Federation of Advertisers (WFA) to determine whether the trade group’s members conspired to boycott “certain social media platforms.” While the press release doesn’t name social media platforms by name, one of them is likely Elon Musk’s X, which filed … Read more
kyoshino/E+ via Getty Images 9:45 AM PMI Composite Flash The Composite PMI Index measures the activity level of purchasing managers in both sectors. Flash figures are released approximately 6 business days prior to the end of the month and intend to get a preliminary reading
(Reuters) – S&P Global Ratings lowered its outlook on three Adani Group entities to negative from stable on Friday, citing risks to funding access following a U.S. indictment of the conglomerate’s billionaire founder, Gautam Adani, on bribery charges. Adani and seven other people, including his nephew Sagar, were indicted on Thursday for fraud by U.S. … Read more
Breon Peace, the formidable U.S. Attorney for the Eastern District of New York, is leading the charge against billionaire Gautam Adani in a criminal bribery case that has shaken the conglomerate’s stock counter. The federal indictment accuses Adani and his associates of orchestrating a massive international corruption scheme. Peace’s office, alongside the Department of Justice … Read more
C3.ai (NYSE: AI) stock is soaring in Thursday’s trading. The company’s share price was up 9.7% as of 2:30 p.m. ET. Meanwhile, the S&P 500 index was up roughly 0.5%. C3.ai stock is seeing big gains on the heels of Nvidia‘s third-quarter report yesterday. Nvidia is the leading provider of the graphics processing units (GPUs) that … Read more
By Leika Kihara TOKYO (Reuters) -Japan’s core inflation in October held above the central bank’s 2% target and a key index stripping away the effect of fuel accelerated, data showed on Friday, keeping pressure on the central bank to raise its still-low interest rates. The data also showed continued gains in service prices, which are … Read more
You can enable subtitles (captions) in the video player The gentlelady from New York is recognised. I rise today in support of my bipartisan legislation, the Countering CCP Drones Act. If you want a drone that’s easy to fly, that’s readily available, that’s affordable, and that’s among the best drones you can get, if not … Read more
Singapore said Friday its economy grew more than expected in the third quarter and raised its forecast for the year thanks to stronger demand from key trading partners. The trade ministry said it saw expansion of “around 3.5%” in 2024, above the upper end of the government’s previous estimate of 2.0-3.0%. The Asian city-state’s economic … Read more