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Equitas Small Finance Bank rebounds after naming interim chief executive

Following a 19 per cent rout in four days, shares of Equitas Small Finance Bank (Equitas SFB) bounced back on Wednesday after the lender named Balaji Nuthalapadi as the interim CEO, subject to the central bank's approval. The bank, on November 3, said it would its Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has approved the appointment of Balaji Nuthalapadi, who is currently serving as a Whole-Time Director (Executive Director), as its interim CEO, subject to the ap

Bharti Airtel revenue expected to grow at double-digit pace in second quarter

Airtel Q2 results preview: Telecom major Bharti Airtel is expected to report double-digit revenue growth in the September quarter of FY27 (Q2FY27). as reported by brokerages' estimates, the Gurugram-based firm could post a Y-o-Y growth of 14-15 per cent in its topline, driven by steady performance across its businesses.

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Kenyan patients suffer as doctors' strike grinds on

Desperate to have her five-month-old daughter treated for a skin infection in Kenya, Celine Nyaga rode for an hour on the back of a motorcycle, cradling her baby in her arms.

Daimler Truck braces for possible strike in 3 southern US states

Around 7,200 workers with Daimler Truck in three southern US states were poised Friday for a potential strike as labor contract talks headed down to the wire.

US oil giants' profits dip as Exxon deal nears finish line

ExxonMobil and Chevron both reported a dip in profits Friday on lower refining margins and natural gas prices, but ExxonMobil's big takeover appears on track to close before Chevron's.

Russia targets Ukraine railways as Western aid due to arrive

Ukraine warned Friday that Moscow was ramping up attacks on railways in a bid to disrupt military supplies ahead of a fresh Russian offensive while Kyiv waits for new US weapon deliveries.

Spanish PM keeps country guessing on his future

Spanish Prime Minister Pedro Sanchez has suspended all duties and gone silent while he considers whether to step down on Monday over a graft investigation against his wife.

US stocks rebound on tech earnings, London hits new record

US stocks rebounded Friday on the back of buoyant big tech earnings while London hit another record peak as investors tracked a series of takeover bids for UK companies.

US Fed's favored inflation measure accelerates, dimming rate cut hopes

The US central bank's favored measure of inflation accelerated last month, according to government data published Friday, pushing back the chances of an interest rate cut this summer.

London stocks hit new record peak on takeovers

London's stock market fired its way to another record peak on Friday, with investors gripped by a series of eye-catching takeovers this week for listed UK companies.

Refugee voices take centre stage at UK theatre company

In a darkly lit arts studio in London, five young actors highlight their scripts and go over their lines: the latest cast of "Phosphoros Theatre", a company that empowers refugees and asylum seekers to tell their story on stage.

China's EV execs bullish on Western pressure at Beijing car show

Electric vehicle executives at a top car show in China were bullish on prospects for growth, despite a gruelling price war and mounting Western pressure on the industry.

Yen falls further as Bank of Japan stands pat on rates

The Bank of Japan kept its ultra-low interest rates unchanged Friday and stopped short of signalling another hike, pushing the yen to a fresh 34-year low against the dollar.

ByteDance says 'no plans' to sell TikTok after US ban law

Chinese tech giant ByteDance has said it has no plans to sell TikTok after a new US law put it on a deadline to divest from the hugely popular video platform or have it banned in the United States.

Weak yen pressures Bank of Japan rate decision

The Bank of Japan was widely expected to keep its ultra-low interest rates unchanged Friday but analysts say the tumbling yen is putting pressure on officials to act.

End of the road? Philippine jeepneys face uncertain future

The first jeepneys rolled onto the streets of the Philippines just after World War II -- noisy, smoke-belching vehicles initially made from leftover US Jeeps that became a national symbol.

Microsoft expands its AI empire abroad

Microsoft, the tech titan most closely associated with AI, has announced nearly $10 billion in investments in artificial intelligence abroad in recent months, the price it is willing to pay to remain a top player in this crucial market.

United by grief, families of Boeing crash victims demand justice

They can't bring back their children, siblings or partners, but five years on, the families of the 2019 Boeing crash victims want to ensure a similar tragedy never happens again.

Strong pricing boosts Caterpillar profits

Caterpillar reported a jump in profits Thursday as strong pricing for industrial machinery made up for lower volumes, enabling record shareholder payouts.

Biden targets fossil fuel power sector with tough new carbon rules

The United States on Thursday announced sweeping new rules requiring coal-fired plants to eliminate nearly all their carbon emissions or commit to shutting down altogether, a keystone of President Joe Biden's agenda to confront the climate crisis.

Honda announces US$11 bn EV battery and vehicle plant in Canada

Japanese auto giant Honda announced Thursday the largest automotive investment in Canada's history, worth Can$15 billion (US$11 billion), for a massive new EV battery and vehicle assembly plant.

American Airlines confirms 2024 forecast despite Q1 loss

American Airlines reported a quarterly loss Thursday on an uptick in labor and other operating costs as the carrier confirmed its full-year financial forecast.

Stocks fall as tech shares sink, US economy slows

London's stock market reached a new record high but Wall Street and eurozone equities tumbled Thursday as tech shares sank after Meta signalled an AI spending spree and data showed slower US economic growth.

Thousands of flights scrapped as French air traffic controllers strike

Thousands of flights were cancelled in France and Europe on Thursday as a strike by French air traffic controllers over pay caused stoppages not seen in decades.

Turkey central bank holds key interest rate steady

Turkey's central bank held its key interest rate steady on Thursday but warned it could hike it again as the country's soaring inflation remains a headache for President Recep Tayyip Erdogan's government.

Labour pledges to renationalise UK railways

Britain's main Labour opposition on Thursday vowed to renationalise the UK's much-maligned rail services within five years if it wins a general election due later this year.

US to give Micron $6.1 bn for American chip factories

Micron is set to receive up to $6.1 billion in grants from the US government to help build its semiconductor plants in New York and Idaho, the White House said Thursday.

BHP launches $38.8 billion takeover bid for rival Anglo American

Australian mining giant BHP confirmed on Thursday a $38.8 billion takeover bid for British rival Anglo American, a colossal deal with the potential to fundamentally reshape the sector.

Blades of Paris landmark Moulin Rouge windmill collapse

The blades of the Moulin Rouge windmill, one of the most famous landmarks in Paris, collapsed during the night, firefighters said on Thursday, just months before the French capital hosts the Olympics.

The Myanmar 'water brothers' salvaging shipwrecks on the tide

Diving into the darkness of the Yangon River, Than Nyunt starts another murky sortie in his months-long mission to salvage a sunken ship using the power of the moon.

Asian markets mixed as global rally stalls, eyes on yen

Asian equities were mixed Thursday as investors turned cautious after the past three days' sizeable gains, with Meta's warning that it will spend far more than expected this year fuelling worries that the latest tech-led rally may have gone too far.

The guardian angels of the source of the Seine

The river Seine, the centrepiece of the Paris Olympics opening ceremony in July, starts with a few drops of water in a mossy grotto deep in the woods of central France.

As 'news deserts' spread, US journalism fights on

Baltimore Banner reporter Matti Gellman is first to leap in with questions during a recent press appearance by Maryland's state governor and celebrity chef Jose Andres at an urban farm.

Tough times for Argentine factories as consumers penny-pinch

Argentina's factories, like many economic sectors, are floundering as consumers hit by sky-high inflation and shrinking income buy fewer goods.

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Arizona Tribune - Economy (English)