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13 June 2026, 12:30 PM Business
Higher gasoline prices likely pushed up US inflation in May
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11 June 2026, 00:00 AM Global Economy
Reliance, Meta to build AI data centre in India
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11 June 2026, 00:00 AM Global Economy
China inflation remained stable in May as energy costs eased
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11 June 2026, 00:00 AM Global Economy
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Indian businesses may learn wrong lesson from Adani

Corruption’s long history in India explains the country’s failure to live up to its growth potential. US bribery charges against tycoon Gautam Adani should therefore provoke some soul-searching among the capitalist elite. The danger, however, is that businesses learn the wrong lesson from the affair and grow warier of international capital markets rather than cleaning house.
27 November 2024, 18:00 PM

How property taxes can help low-income countries to develop

Satellites, drones, and the right policies can help countries increase revenue by up to 10 times at the local level
27 November 2024, 10:32 AM

Adani's 'renewable energy marvel' trapped in US bribery indictment

Adani Green's revenues of $574 million during the period from April to September this year were up 20% on the year, boosting its cash profit 27% to $313 million over that time.
27 November 2024, 06:01 AM

Sri Lanka cuts lending rates after debt deal

The Central Bank of Sri Lanka said it was moving to a single policy rate set at 8.0 percent, an "effective reduction" of around 50 basis points.
27 November 2024, 05:10 AM

Six killed as PTI activists clash with Pak security forces

At least six people, including four paramilitary soldiers, were killed yesterday during clashes near Pakistan’s parliament between security forces and protesters who are demanding the release of former prime minister Imran Khan.
26 November 2024, 18:01 PM

Sri Lanka kicks off much-delayed $12.5b bond deal

Sri Lanka said Tuesday it would honour a deal secured by its predecessor to restructure $12.55 billion in international sovereign bonds, a key condition to maintain an IMF bailout loan.
26 November 2024, 18:00 PM

Trump vows big tariffs on Mexico, Canada and China

US President-elect Donald Trump said Monday he intends to impose sweeping tariffs on goods from Mexico, Canada and China, prompting a swift warning from Beijing that “no one will win a trade war.”
26 November 2024, 18:00 PM

Fitch revises outlook on four Adani group firms from ‘stable’ to ‘negative’

The entities whose outlook has been revised to “negative” are rated “BBB”.
26 November 2024, 09:17 AM

Sri Lanka probes Adani projects after US charges

Both the finance and foreign ministries had been asked to review infrastructure projects awarded to the Indian conglomerate
26 November 2024, 08:51 AM

Most Asian markets drop, dollar gains as Trump fires tariff warning

The former and next president said on his Truth Social account that he would hammer the United States' largest trading partners in response to the illegal drug trade and immigration
26 November 2024, 07:31 AM

'No one will win a trade war,' China says after Trump tariff threat

"About the issue of US tariffs on China, China believes that China-US economic and trade cooperation is mutually beneficial in nature," Chinese Embassy Spokesperson Liu Pengyu said in a statement.
26 November 2024, 05:43 AM

US-Google face off as ad tech antitrust trial comes to close

The trial in a Virginia federal court is Google's second US antitrust case now under way as the US government tries to rein in the power of big tech.
26 November 2024, 05:24 AM

TotalEnergies pauses funding for Adani Group after bribery charges

French oil major TotalEnergies halted on Monday investments into Adani Group, after the Indian ports-to-power conglomerate was engulfed in a crisis over an alleged multi-million-dollar bribery scheme.
25 November 2024, 18:00 PM

Petrol industry embraces plastics while navigating energy shift

Amid the inexorable shift toward more electric vehicles, oil and gas producers are looking increasingly to plastics to help keep them afloat, even if that sector faces challenges of its own.
25 November 2024, 18:00 PM

US plans to reduce Intel's $8.5 billion federal chips grant below $8 billion - New York Times

The change took into account a $3 billion contract Intel had been offered to make chips for the Pentagon, the people told the Times.
25 November 2024, 06:27 AM

Business seeks details in face of mixed COP29 climate messages

Two weeks of acrimonious negotiations in Azerbaijan's capital Baku resulted in a deal for $300 billion in annual climate finance by 2035
25 November 2024, 06:09 AM

US SEC issues summons for India's Adani, nephew on bribery allegations

The summons requires an answer within 21 days, according to the filing dated Wednesday in federal court in the Eastern District of New York. The SEC suit seeks unspecified monetary penalties and restrictions on the Adanis from serving as officers of listed companies.
25 November 2024, 04:20 AM

US development agency 'assessing ramifications' on Adani's Sri Lanka project

The US International Development Finance Corp last November said it would provide $553 million in financing for the port terminal project in Colombo, the capital of Sri Lanka. The project is partly owned by the Adani Group.
25 November 2024, 04:08 AM

SEC issues summons for Gautam Adani, nephew on bribery allegations

The commission is alleging they were engaged in hundreds of millions of dollars in bribes to help an Adani company while "falsely touting the company’s compliance with antibribery principles and laws in connection with a $750 million bond offering".
24 November 2024, 12:21 PM

Bitcoin’s $100,000 moment will be a perfect storm

Trump’s team has met with industry executives to discuss creating a White House job focused on cryptocurrency policy.
24 November 2024, 09:57 AM