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India Introduces Four-Layer Motor Insurance Structure for Private Vehicles

India's insurance regulator has introduced a new four-layer structure for motor insurance policies covering private cars and two-wheelers. The move, effective December 15, 2026, aims to provide vehicle owners with greater clarity and choice in selecting coverage options beyond the mandatory third-party liability.

Mutual fund returns show shifting leaders across market-cap categories

Equity mutual funds are classified into different categories based on their investments across market capitalisations, primarily large-cap, mid-cap, and small-cap funds. Large-cap funds invest in well-established companies that tend to be relatively less volatile, while mid-cap funds focus on medium-sized companies.

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Asian stocks mixed after lacklustre session on Wall Street

Asian shares were mixed in early trade on Thursday, following a session on Wall Street that saw major indices sink despite a surge in tech.

BP faces angry shareholders over climate plans

Energy giant BP on Thursday faces a shareholder revolt over its decision to slow its energy transition, with activist investors promising to block the re-election of the head of the board of directors.

Ukrainian refugees struggle in nationalist Hungary

Pope Francis is set to meet refugees in Hungary this weekend, shedding light on the plight of Ukrainians trying to rebuild their lives in a state that offers a frosty reception.

Black cowgirls gallop on in face of US rodeo stereotypes

Guiding her brown mare around the arena at breakneck speed, 16-year-old Morissa Hall is extremely focused as she takes on the barrel racing course in the eastern US state of Maryland.

Out of gas in orbit? This US space company is here to help

The US company Orbit Fab is aiming to produce the go-to "gas stations" in space, its CEO tells AFP, hoping its refueling technology will make the surging satellite industry more sustainable -- and profitable.

Samsung Electronics logs worst quarterly earnings in 14 years

Samsung Electronics on Thursday reported its worst quarterly profits in 14 years, blaming slowing consumer spending on electronics and a global microchip glut that hit its core memory business.

Meta surges as earnings beat expectations after belt tightening

Shares in Facebook parent Meta surged Wednesday after the internet titan reported it made a profit of $5.7 billion in the first quarter of this year, beating forecasts after a massive wave of cost-cutting and layoffs.

Republicans set up default clash with US debt limit bill

US Republicans voted Wednesday to raise the national borrowing limit, but only in conjunction with drastic cuts, as they sought a showdown with President Joe Biden over "excessive" spending with a potentially ruinous credit default looming.

Republicans pass bill to avert US debt crisis, slash spending

Strong Microsoft results lift Nasdaq as most global bourses fall

Blockbuster tech earnings lifted the Nasdaq on Wednesday, but recession fears weighed on other major United States and European indices while pushing oil prices lower.

Brazil court suspends Telegram app in neo-Nazi probe

A Brazilian court on Wednesday ordered the countrywide suspension of messaging app Telegram after its parent company failed to provide data sought by authorities on neo-Nazis operating on the network, officials said.

UK blocks Microsoft's $69-bn bid for 'Call of Duty' games giant

Britain on Wednesday blocked Microsoft's $69-billion takeover of "Call of Duty" video games giant Activision Blizzard, arguing it would harm competition in cloud gaming.

Boeing reports another loss in Q1, but confirms forecast

Boeing reported a bigger-than-expected quarterly loss Wednesday due to persistent quality control problems with its jets, but shares rallied as it maintained key medium- and long-term targets.

Germany lifts growth forecast as outlook brightens

The German government Wednesday lifted its growth forecast for this year as rebounding industrial production and slowing inflation helped Europe's top economy weather an energy crisis.

UK block leaves Microsoft's $69-bn Activision takeover in peril

Britain on Wednesday blocked Microsoft's $69-billion takeover of US video game giant Activision Blizzard, arguing it would harm competition in cloud gaming.

Dominant US dollar faces challenge from emerging currencies

As the top global currency, the US dollar has enjoyed decades as the cash of choice for investors -- but it is now facing a growing challenge to that status.

EU unveils reforms for cheaper drugs and to avoid shortages

The EU on Wednesday unveiled a long-awaited proposed reform of legislation governing pharmaceutical drugs to make them cheaper, prevent shortages and boost new antibiotic production.

Major stock markets mostly retreat as recession fears reignite

Major stock markets mostly slid and the dollar faltered Wednesday, fuelled by concerns for the banking sector and broader fears of global recession this year.

'Cut-throat competition' fuels misery in India's crowded cities

Every morning and evening -- and for several hours in between -- tens of millions of Indians sit idle on gridlocked highways and hang from the sides of packed passenger trains in what is becoming the world's most populous nation.

Hard landing: Japan firm fails in historic Moon bid

Japanese start-up ispace conceded Wednesday its ambitious attempt to become the first company to land on the Moon had ended in failure, but pledged to move ahead with new missions.

Harris pushes abortion as key issue in 2024 US campaign

The same day US President Joe Biden announced his re-election bid, his vice president put forth abortion as a key issue in their 2024 campaign.

EU to revamp budget rules to spur growth

The EU will unveil an overhaul of its fiscal rules on Wednesday, a long-awaited reform that has bitterly divided member states over how to encourage investment while strengthening scrutiny of government spending.

'Infernal': Fuel crisis driving Cubans round the bend

The streets of Havana are quieter than usual -- many of the rattling old cars the city is known for stand idle amid Cuba's worst fuel shortage in years.

Tiffany to reopen NYC flagship under French management

The tarpaulins and scaffolding that obscured the facade of Tiffany and Co's flagship New York jewelry store for years have finally come down ahead of its re-opening this week.

UK children receiving food aid spikes to over one million: charity

More than a million children in the UK received food aid in the past 12 months, an increase of 300,000 from a year earlier, as the country battles a cost of living crisis, latest figures showed Wednesday.

Japan firm fails in bid for historic Moon landing

Japanese start-up ispace conceded Wednesday its attempt to become the first company to land on the Moon had ended in failure, but pledged to move ahead with new missions.

Google, Microsoft top expectations as AI rivalry heats up

Google parent company Alphabet beat market expectations in the first quarter of 2023 with a net profit of $15 billion, the company said on Tuesday, in a sign that the search engine behemoth is regaining its footing.

Cannes festival nominee dismisses controversy over under-age sex scene

French director Catherine Corsini dismissed claims about on-set harassment and the presence of a child in a sex scene on Tuesday following criticism over her inclusion in the Cannes Film Festival.

BAT to pay over $600 mn for violating NKorea sanctions

British American Tobacco has agreed to pay more than $600 million to settle charges it sold cigarette materials to North Korea for years in violation of US sanctions, the US Justice Department announced Tuesday.

Japan firm's pioneering Moon landing fails

A Japanese startup attempting the first private landing on the Moon said Wednesday it had lost communication with its spacecraft and assumed the lunar mission had failed.

Bitter battle: S.Africa slams 'unfair' EU citrus trade rule

President Cyril Ramaphosa condemned the EU Tuesday for restrictions on citrus exports from South Africa to prevent the importation of non-indigenous moths which stranded tonnes of fruit at sea when introduced last year.

Mattel unveils Barbie doll with Down syndrome

US toy manufacturer Mattel unveiled a new Barbie doll Tuesday representing a person with Down syndrome, as it seeks to allow more children to see themselves in the popular figure.

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