Sony ends $10bn deal to merge India assets with Zee, plans legal action
Japan's Sony Group (6758.T), opens new tab scrapped plans on Monday for a $10 billion merger of its Indian unit with Zee Entertainment (ZEE.NS),...
China defies sanctions to make Russia its biggest oil supplier in 2023
Russia leapfrogged Saudi Arabia to become China's top crude oil supplier in 2023, data showed on Saturday, as the world's biggest crude...
Red Sea shipping attacks pressure China’s exporters as delays, costs mount
For Chinese businessman Han Changming, disruptions to Red Sea freight are threatening the survival of his trading company in the eastern province of...
China’s ageing population threatens switch to new economic growth model
China's ageing population threatens key Beijing policy goals for the coming decade of boosting domestic consumption and reining in ballooning debt, posing...
Shell to exit Nigeria’s onshore oil after nearly a century
British energy giant to sell its subsidiary to a consortium of five local companies for $2.4 billion
Oil drops more than 1% despite Middle East conflict
Oil prices lost more than 1% on Monday as the Middle East conflict's limited impact on crude output prompted profit taking after...
Citi to cut 20,000 jobs, posts $1.8bn loss in ‘disappointing’ quarter
Citigroup (C.N) said it would cut 20,000 jobs over the next two years, acknowledging a "clearly disappointing" quarter marred by one-off charges that...
Oil soars as US, UK strike on Houthis stirs up geopolitical worries
The oil price surged on Friday, as the escalating conflict in the Red Sea region threatened to further disrupt global trade, while...
Why a US bitcoin ETF is a game-changer for crypto
The U.S. Securities and Exchange Commission (SEC) on Wednesday approved exchange-traded funds (ETFs) that track the price of bitcoin in a game-changer...
Global unemployment to rise in 2024 amid labour market fragility, ILO report warns
An extra two million workers are expected to be jobless and unemployment rate will increase from 5.1% in 2023 to 5.2% in 2024, report
India’s exports may take a $30bn hit on Red Sea threats
India may see around $30 billion shaved off its total exports in the current fiscal year, as threats to cargo vessels in...
What is Britain’s Post Office scandal?
One of Britain's biggest miscarriages of justice, the wrongful conviction of hundreds of Post Office workers due to faulty software, has exploded...
Oil slides as Saudi price cuts counter Middle East worries
Oil prices fell by more than 2% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in...
India orders new drug-making standards after overseas deaths
Indian pharmaceutical companies must meet new manufacturing standards this year, according to a government notification released on Saturday, although small companies have...
Exclusive: Iran’s oil trade with China stalls as Tehran demands higher prices
China's oil trade with Iran has stalled as Tehran withholds shipments and demands higher prices from its top client, tightening cheap supply...