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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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US new home sales rise in March to highest level in a year

New home sales in the United States defied expectations to hit a one-year high in March, the Commerce Department said Tuesday, as a lack of existing homes bolstered demand in the market for new properties.

US new home sales rise more than expected in March

New home sales in the United States grew more than anticipated in March, the Commerce Department said Tuesday, as a lack of existing homes continued bolstering demand in the market for new properties.

Dollar up as Biden confirms re-election bid

The dollar was largely higher Tuesday as Joe Biden confirmed his bid to win re-election as US president next year.

General Motors lifts 2023 forecast after strong Q1 results

General Motors raised key 2023 profit projections Tuesday following a solid first quarter in which strong results in North America compensated for declines in other regions.

Santander profits up despite windfall tax on banks

Spanish banking giant Santander saw its first quarter net profits rise thanks to strong business activity that offset a windfall tax imposed by Spain's leftwing government, results showed Tuesday.

Hong Kong shares drop sharply on major losses in Chinese firms

Hong Kong shares fell sharply on Tuesday on the back of major losses in Chinese firms, as a lack of clear direction ahead of key announcements this week presented a challenge for global investors.

Nestle sales grow on back of price increases

Swiss food group Nestle on Tuesday reported better-than-expected sales in the first three months of the year, helped by price increases to offset inflation and demand for its staple products.

UBS hopes to complete Credit Suisse takeover before July

UBS said Tuesday it would likely complete its takeover of stricken rival Credit Suisse in the second quarter, as the bank posted an underwhelming first quarter net profit of $1.0 billion.

Good vibrations: Thai party makes sex toy election pledge

A conservative Thai political party is seeking to woo voters ahead of next month's general election with a pledge to legalise sex toys, pointing to the fiscal -- and frisky -- benefits.

UBS posts $1.0 bn Q1 net profit, Credit Suisse takeover completion set for Q2

UBS said Tuesday it would likely complete its takeover of stricken rival Credit Suisse in the second quarter, as the bank posted an underwhelming first quarter net profit of $1.0 billion.

Asian stocks mostly down after mixed session on Wall Street

Asian stocks were mostly down on Tuesday following a mixed session on Wall Street, with investors still casting about for direction at the start of a week of major announcements.

Investors look for strength in UBS results

UBS is expected to post solid first quarter results Tuesday, with all eyes on whether the bank is strong enough to carry through its forced alliance with stricken rival Credit Suisse.

Netflix to invest $2.5 bn in South Korean content

Netflix will invest $2.5 billion in South Korean content over the next four years, the streaming giant's CEO Ted Sarandos announced after meeting with the country's President Yoon Suk Yeol in Washington.

Canadians flock to food banks as grocery prices soar

Hundreds of thousands of people stream in each month to the Daily Bread Food Bank in Toronto, its chief executive says, as galloping inflation continues to squeeze Canadians' grocery budgets.

Brazil Indigenous leader awarded for fight against mining

Alessandra Korap Munduruku first turned to activism as she watched advancing agriculture devastate her Indigenous territory in Brazil, but it was her battle to drive out mining giant Anglo American that landed her in the spotlight.

Tucker Carlson: The voice of white America's outrage falls silent

In the world of Tucker Carlson's hit TV show, America was under assault -- by Democrats, by health authorities, by Black Lives Matter protests -- and white conservatives were in a fight for their very survival.

Barcelona raise 1.45 bn euros for Camp Nou rebuild

Barcelona said on Monday they had secured 1.45 billion euros ($1.6 billion) in funding for a redevelopment plan and would start the renovation of the Camp Nou stadium on June 1.

Cannes adds controversial French film to line-up

A new French film was added to the Cannes Film Festival line-up on Monday despite reports of inappropriate behaviour on set, including the use of a child in a sex scene.

France refuses to halt Indian Ocean migrant expulsions

France on Monday refused to halt a controversial planned operation to expel migrants from its Indian Ocean island territory of Mayotte, despite opposition from the neighbouring Comoros and clashes between locals and security forces sent by Paris.

India to pass China this week as world's most populous nation: UN

India will overtake China as the world's most populous country in the coming week, hitting almost 1.43 billion people, the United Nations said Monday.

Sunak seeks to boost UK business links amid crisis

British Prime Minister Rishi Sunak sought to repair the government's tarnished economic record Monday, reaching out to the business community rocked by a scandal engulfing the Confederation of British Industry.

CEO of Germany's Thyssenkrupp to step down, shares hit

Thyssenkrupp's chief executive Martina Merz is stepping aside early, the German industrial giant said Monday, in a surprise announcement that sent the company's shares into a nosedive.

Top Indian wrestlers demand arrest of ex-federation chief

Top Indian wrestlers, including Olympians and Commonwealth Games champions, were on the streets of New Delhi on Monday to demand the arrest of the sport's former federation chief over allegations of sexual harassment and intimidation.

Sunak seeks to boost business links amid crisis

Over $68 bn withdrawn from Credit Suisse ahead of UBS takeover

Tens of billions were withdrawn from Credit Suisse in the first three months of 2023, but its profit swelled as the bank's high-risk debts were wiped out in an emergency takeover by UBS.

Europe opens down, Asian stocks mixed ahead of tech earnings results

European stocks opened down on Monday and Asian trade was mixed, with investors mostly treading water ahead of key data releases this week, including earnings results from US tech behemoths.

China approves coal power surge despite emissions pledge: Greenpeace

China has approved a major surge in coal power so far this year, prioritising energy supply over its pledge to reduce emissions from fossil fuels, Greenpeace said Monday.

Learning a language for loss: Uyghur school in US offers link to homeland

At a weekend school in the US state of Virginia, language classes serve a dual purpose for young Uyghurs -- cultural preservation, and access to vocabulary to discuss the plight of relatives in China.

Giant SpaceX rocket leaves crater, serious damage at Texas base

Flying chunks of concrete, twisted metal sheets, craters blasted deep into the ground: the thunderous power of SpaceX's first test flight of Starship -- the biggest and most powerful rocket ever built -- inflicted serious damage on its Texas launch site.

'Super Mario' fights off 'Evil Dead' to stay on top in N.America

"The Super Mario Bros. Movie" did an impressive $58.2 million in ticket sales in North American movie theaters this weekend, easily fending off two new challengers, estimates showed Sunday.

US retailer Bed Bath & Beyond files for bankruptcy

Bed Bath & Beyond filed for bankruptcy Sunday, cementing a years-long decline that saw losses surpass a billion dollars annually as the US retailer struggled to adapt to an uncertain economy and the dominance of online shopping.

UK Labour suspends prominent MP over racism letter

The UK's main opposition Labour party suspended prominent member Diane Abbott as an MP on Sunday, pending an investigation into comments she made that Jewish people were not subject to racism "all their lives".

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