Business News

NEW DELHI (Reuters) – A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy (NS:) comprising some 10% of its business, and none of the conglomerate’s other companies are accused of wrongdoing, the group’s CFO said on Saturday. On Wednesday, Gautam Adani, one of the world’s richest … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israelis across the political divide lashed out at the International Criminal Court after it issued an arrest warrant for Prime Minister Benjamin Netanyahu, a rare display of unity in the politically polarised country. The warrants … Read more

The US government’s debt load is now seen as the biggest risk to financial stability, outweighing persistent inflation in a Federal Reserve survey. “Concerns surrounding US fiscal debt sustainability were atop the list this survey, followed by escalating tensions in the Middle East and policy uncertainty,” the Fed said in its semi-annual financial stability report. … Read more

Bill Pugliano/Getty Images News President-elect Donald Trump on Friday named Dr. Marty Makary, a pancreatic surgeon at Johns Hopkins University, as his pick to lead the U.S. Food and Drug Administration (FDA), a federal agency overseeing over $7B budget. He has also nominated former

FOX Business host Larry Kudlow says voters have given President-elect Donald Trump a ‘major mandate for change’ on ‘Kudlow.’ Here’s to hoping the Senate GOP puts their big boy pants on and confirm President-elect Donald Trump’s Cabinet choices.  Don’t listen to the D.C. swamp. Don’t listen to the liberal media. Please listen to the guy … Read more

BEIRUT (Reuters) -A powerful Israeli airstrike targeted central Beirut on Saturday, security sources said, shaking the Lebanese capital as Israel pressed its offensive against the Iran-backed Hezbollah group. At least four people were killed and 33 wounded in the attack in Beirut’s Basta neighbourhood, Hezbollah’s al-Manar broadcaster reported, citing the health ministry. Lebanon’s National News … Read more

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Tina is back in global markets. But she’s had a makeover. In the past, Tina — or There Is No Alternative to give the full name — was a reference to the idea … Read more

Nvidia Corp.’s surging share price has created a challenge for Jensen Huang’s charitable foundation: As the stock climbs, so does the amount of money it has to give away. The Jen-Hsun & Lori Huang Foundation saw its assets, which mostly consist of Nvidia shares, more than triple to $3.4 billion at the end of 2023, … Read more

(Bloomberg) — Hedge fund chief Scott Bessent’s Friday nomination to become the US Treasury Secretary is offering bond investors a glimpse into the incoming administration’s sweeping economic agenda after an extended search that included multiple prominent contenders. Most Read from Bloomberg The $28 trillion market for US Treasuries was already closed for the week when … Read more