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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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Equities waver on US recession warning, inflation slowdown

Asian and European stocks wavered Thursday as traders digested recession risks and slowing inflation in the United States, and pored over earnings.

Three electrocuted in Iraq floods

At least three people have been electrocuted in central Iraq after torrential rain played havoc with the war-ravaged country's dilapidated power grid, a medical official said Thursday.

'Brazil is back!' Lula says during state visit to China

President Luiz Inacio Lula da Silva promised Thursday that "Brazil is back!" during a state visit to China aimed at strengthening trade ties and winning support for his push for peace in Ukraine.

Inflation bites into profits of UK supermarket Tesco

Britain's biggest retailer, supermarket group Tesco, reported Thursday a halving of annual net profit as soaring inflation hiked costs and reduced the amount of goods sold.

Markets mixed as recession warning plays against falling inflation

Markets were mixed Thursday as traders weighed data showing US inflation falling against minutes from the Federal Reserve's most recent policy meeting indicating officials foresaw a recession at the end of the year.

Taiwan seeks satellite solutions after undersea cables cut

Taiwanese hostel worker Wang Chuang-jen's business took a hammering when undersea telecoms lines serving tiny Matsu archipelago were cut in February.

UK economy unexpectedly stalls on pay strikes

The UK economy unexpectedly stalled in February with the country facing more strikes as a cost-of-living crisis erodes the value of wages, official data showed Thursday.

Australian Rules chief 'exasperated' by more racial abuse

Australian Rules chief Gillon McLachlan was left "exasperated" after a spate of racial abuse again blighted the game, as retired Indigenous star Eddie Betts said "enough is enough".

Karaage kings: judges hunt for Japan's best fried chicken

Munching their way through hundreds of golden-brown morsels, a team of judges has searched relentlessly to find the ultimate "karaage" -- the fried chicken known as "Japan's comfort food".

Ukraine farmer risks life clearing shells from fields

His fields peppered with Russian shells, Ukrainian farmer Vitaliy Sydor has resorted to desperate measures to clear explosives from the land himself so he can plant crops.

China exports rise for first time in 6 months: customs data

China's exports rose in March for the first time in six months, customs data showed Thursday, as the world's second-largest economy continued its economic recovery following the end of onerous coronavirus curbs late last year.

Most Asian markets drop after recession warning, rate hike seen

Asian markets mostly fell Thursday after minutes from the Federal Reserve's most recent policy meeting showed officials saw a US recession at the end of the year, while inflation data could not temper expectations of another interest rate hike.

Australian Rules chief 'exasperated' by online racial abuse

Australian Rules chief Gillon McLachlan was left "exasperated" after a spate of racial abuse on social media again blighted the game, as high-profile Indigenous star Eddie Betts said "enough is enough".

Last-ditch protests in France over Macron's pension reform

Hundreds of thousands of people are set to take to the streets across France again on Thursday to protest against President Emmanuel Macron's pension reform in a final day of demonstrations before a crucial court decision on the legislation.

US banks face increased scrutiny of Q1 results after SVB collapse

Roughly a month after Silicon Valley Bank's collapse sparked fears of contagion, quarterly earnings reported this week are expected to focus on bank liquidity and the industry's preparation in case of recession.

Brazil clamps down on social media after school attacks

Brazil's government on Wednesday announced new restrictions on social media, aiming to curb an "epidemic" of violent school attacks one week after a hatchet-wielding assailant killed four children.

Lawyer urges change in Morocco laws after child rape case

The lawyer for an 11-year-old Moroccan girl, whose rapists received light sentences that outraged the country, on Wednesday urged authorities to review laws protecting minors.

Stocks wobble as US inflation cools

Stock markets wavered on Wednesday as investors weighed whether official data showing that US inflation cooled in March will prompt the Federal Reserve to pause its interest-rate-hike campaign.

US broadcaster NPR quits Twitter as Musk admits 'many mistakes'

US radio broadcaster NPR on Wednesday said it was quitting Twitter, in the first significant defection by a major news outlet since Elon Musk's tumultuous takeover of the platform.

Netflix plans Africa expansion after hit series

Netflix said on Wednesday it planned to expand operations in Africa, building on the success of hit shows like the South African drama "Blood and Water."

US inflation slows in March but remains above Fed target

US consumer inflation slowed in March, according to data released Wednesday, but remained well above the Federal Reserve's target level despite numerous interest rate hikes over the last year.

Stocks rise as US inflation cools

Stock markets rose on Wednesday as data showed US inflation had slowed to its lowest level in nearly two years in March, raising hopes that the Federal Reserve will wind down its interest-rate-hike campaign.

Paris stocks hit fresh record peak before US inflation data

French equities hit another record peak Wednesday amid broad European gains as traders awaited US inflation data set to play a key role in the Federal Reserve's next move on US interest rates.

UK police probe 'sexual misconduct' at business lobby

UK police have launched an investigation into the nation's CBI business lobby group over allegations of sexual misconduct.

Volvo's shares up after record first quarter profits

Volvo Group's shares were up seven percent Wednesday after the Swedish truck-maker posted record first-quarter earnings, in a sign of an easing of supply chain disruptions and high costs that have plagued the auto industry.

Markets mixed as traders await key inflation report

Equity markets were mixed Wednesday as traders jockeyed ahead of US inflation data that could play a key role in the Federal Reserve's interest rate decision-making.

Building fever grips Greece as tourism booms

It's early morning in the picturesque village of Naoussa on the Greek island of Paros, and jackhammers are already echoing as locals ready for what they hope will be a record tourist season.

NASA unveils 'Mars' habitat for year-long experiments on Earth

Four small rooms, a gym and a lot of red sand -- NASA unveiled on Tuesday its new Mars-simulation habitat, in which volunteers will live for a year at a time to test what life will be like on future missions to Earth's neighbor.

Rising costs spell doom for Egypt's village traditions

Multi-day weddings, feeding the bereaved and homemade bread are all becoming things of the past in rural Egypt, as centuries-old traditions are steadily squeezed by a punishing economic crisis.

Asian markets mixed as traders await key inflation report

Asian markets were mixed Wednesday as traders jockeyed ahead of US inflation data that could play a key role in the Federal Reserve's interest rate decision-making.

Thailand's China-built high-speed rail, on track but delayed

One of Thailand's oldest railway stations is facing demolition as the kingdom presses ahead with a long-delayed Chinese-backed high-speed line that has caused unease about lost heritage and closer ties to Beijing.

Michael Jordan sneakers fetch auction record $2.2 mn

A pair of sneakers worn by NBA superstar Michael Jordan sold for $2.2 million on Tuesday, setting a record price at auction for game-worn sports footwear, Sotheby's announced.

The China Mail - Economy (English)