McDonald’s drops tomatoes from India offerings, citing quality concerns as prices surge
Restaurants of fast food chain McDonald's have dropped tomatoes from their burgers and wraps in many parts of India, hit by supply...
US job growth slows in June; unemployment rate falls to 3.6%
U.S. job growth slowed more than expected in June after surging in the prior month, but labor market conditions remain tight, with...
US says it opposes export controls by China on metals, will consult allies
The United States "firmly" opposes export controls announced by China on gallium and germanium, metals needed to produce semiconductors and other electronics,...
Exclusive: OPEC upbeat over 2024 oil demand outlook despite slowdown
OPEC will likely maintain an upbeat view on oil demand growth for next year when it publishes its first outlook later this...
Saudi Arabia says new oil cuts show teamwork with Russia is strong
Russia-Saudi oil cooperation is still going strong as part of the OPEC+ alliance, which will do "whatever necessary" to support the market,...
China to restrict exports of chipmaking materials as US mulls new curbs
China will control exports of some metals widely used in the semiconductor industry, its commerce ministry announced on Monday, the latest salvo...
Oil prices go up after Saudi Arabia, Russia extend supply cuts
Despite concerns over a global economic slowdown and possible further interest rate hikes from the US Federal Reserve, global oil prices rose...
Byju’s and lenders renew talks to restructure debt, Bloomberg reports
Embattled Indian edtech startup Byju's and some of its lenders have restarted negotiations to restructure its $1.2 billion term loan, Bloomberg News...
Sri Lanka parliament approves domestic debt restructuring plan
Sri Lanka's parliament approved a domestic debt restructuring plan on Saturday that is crucial to continue a $2.9 billion bailout from the...
China’s tumbling industrial profits deepens economic gloom
Annual profits at China's industrial firms extended a double-digit decline in the first five months as softening demand squeezed margins, reinforcing hopes...
Exclusive: Indian firm used toxic industrial-grade ingredient in syrup – sources
The Indian manufacturer of cough syrups that Uzbekistan said last year had poisoned 19 children used a toxic industrial-grade ingredient rather than...
Cash-strapped Sri Lanka to restructure domestic debt
Colombo: Sri Lankan authorities have declared a five-day closure of financial markets from Thursday ahead of a controversial move to restructure the...
China’s state banks seen selling dollars offshore to slow yuan drop – sources
China's major state-owned banks were seen selling dollars in the offshore spot foreign exchange market on Tuesday, four sources with knowledge of...
KPMG to cut 5% of US jobs in fresh round of layoffs
KPMG is laying off 5% of its U.S. employees after feeling the pinch of "economic headwinds, coupled with historically low attrition," a...
S&P Global cuts China 2023 growth forecast to 5.2% from 5.5%
S&P Global said it has cut its 2023 GDP growth forecast for China after May data showed a post-COVID recovery was faltering...