The US actions come on the heels of other mounting threats across Europe this week. (Photo: Bloomberg) Big Tech is facing its biggest challenge in decades as antitrust regulators on both sides of the Atlantic crack down on alleged anti-competitive practices that could result in break-up orders to Apple and Alphabet’s Google, a first… Continue reading Google, Apple breakups on the agenda as global regulators target tech | Tech News
Tag: Global
Equity markets settle higher for 2nd day, unfazed by global trends
Benchmark equity indices ended with gains on Monday, extending their previous day’s rally, unfazed by a weak trend in global markets amid buying in Mahindra & Mahindra, Infosys, Tata Consultancy Services and Reliance Industries. However, continuous foreign fund outflows prevented markets from registering a sharp rally. The 30-share BSE Sensex… Continue reading Equity markets settle higher for 2nd day, unfazed by global trends
India’s sovereign ratings by global agencies utterly absurd: Sanjeev Sanyal
India should be rated at least one or two grades higher than what it is at present by global rating agencies, Sanjeev Sanyal, Member of the Economic Advisory Council to the Prime Minister, said on Monday. Sanyal said India just about makes it past the investment grade in the ratings of the agencies,… Continue reading India’s sovereign ratings by global agencies utterly absurd: Sanjeev Sanyal
China is losing out as global funds chase returns in Japanese stocks
By John Cheng and Winnie Hsu Japan is leaving China behind as Asia’s two largest stock markets compete for investor capital, with the latter’s prospects clouded by long-running concerns about economic growth and geopolitical tensions with the West. Foreign buying of Japanese equities has exceeded that of Chinese peers for… Continue reading China is losing out as global funds chase returns in Japanese stocks
Ukraine and its allies to woo the Global South at Saudi Arabia meeting
By Daryna Krasnolutska and Alberto Nardelli Ukraine and its allies will make their case for Kyiv’s peace plan this weekend to more than 30 countries, including some nations from the Global South that have so far avoided taking sides on Russia’s invasion. The talks in Jeddah, Saudi Arabia, are aimed at… Continue reading Ukraine and its allies to woo the Global South at Saudi Arabia meeting
Committed to depoliticise global supply of food: Indian envoy tells UNSC
Leveraging its G20 presidency, India is committed to depoliticising the global supply of food, fertilisers and medical products so that geopolitical tensions do not lead to a humanitarian crisis, the country’s envoy to the United Nations Ruchira Kamboj has told the Security Council. Observing that the global food insecurity situation is daunting, with… Continue reading Committed to depoliticise global supply of food: Indian envoy tells UNSC
Debt-burdened global leaders just love to hate ratings companies: Report
By Matthew Boesler, Craig Stirling and Paul Abelsky No amount of power and prosperity can stop the irritation of getting judged for your borrowing habits, as the world’s biggest economy just experienced. The US downgrade from AAA by Fitch Ratings this week is just the most high profile episode in a new era of… Continue reading Debt-burdened global leaders just love to hate ratings companies: Report
Apple hits record iPhone sales mark in India despite global slowdown
By Bloomberg News Apple Inc. grew revenue in China a surprisingly strong 8 per cent while setting a record for Indian iPhone sales, bright spots in an otherwise disappointing quarterly check-in from the world’s most valuable company. Those twin milestones stood out after Apple posted its third straight quarter of declining… Continue reading Apple hits record iPhone sales mark in India despite global slowdown
S&P Global Ratings revises outlook to negative for Vedanta Resources
S&P Global Ratings on Thursday revised the credit outlook for Vedanta Resources Ltd to negative, citing increased funding risks. The agency has affirmed the ‘B-‘ rating for the company. It indicates a relatively higher credit risk. In a statement, it said Vedanta Resources’ weakened access to cash flow from its operating subsidiaries… Continue reading S&P Global Ratings revises outlook to negative for Vedanta Resources
July PMI services rises sharpest since June 2010 on robust global demand
India’s services sector growth jumped to its highest pace in over thirteen years in July, according to a private survey. According to S&P Global, India’s services purchasing managers’ index (PMI) grew to its highest level since June 2010 to 62.3 in July. A reading above 50 shows an expansion in the sector. The… Continue reading July PMI services rises sharpest since June 2010 on robust global demand