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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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Saudi Aramco reports 'record' $161 billion profit for 2022

Saudi Aramco said on Sunday it achieved "record" profits totalling $161.1 billion last year, highlighting how a surge in oil prices after Russia invaded Ukraine spurred growth in the world's biggest crude exporter.

Saudi Aramco reports 46% jump in profits for 2022

Saudi Aramco reported on Sunday that profits jumped 46 percent last year, highlighting how a surge in oil prices after Russia invaded Ukraine spurred growth in the world's biggest crude exporter.

'True artistry': Austria puppets charm with age-old craft

It takes as long to train to be a puppeteer at the world-famous Salzburg Marionette Theatre as it does to become a doctor.

VW joins e-car price war as global rivalry heats up

German giant Volkswagen is set to follow Tesla's lead with a high-profile price drop as the battle for global dominance in the electric car segment intensifies, and local challengers race ahead in key market China.

Worry for tech startups after Silicon Valley Bank failure

Silicon Valley Bank's stunning collapse has led to the freezing of tens of billions of dollars stored there by startups and their private equity backers, raising fears of a wider tech sector fallout.

French Senate approves pensions reform as protests appear to lose steam

France's Senate voted late Saturday to approve a deeply unpopular reform to the country's pension system, hours after demonstrators took to the streets to oppose the cornerstone policy of President Emmanuel Macron's second term in office.

Thousands join anti-government protest in Prague

Thousands took to the streets of Prague on Saturday in protest against the Czech government, high inflation and demanding an end to the country's military support for Ukraine.

Iconic Match of the Day overshadowed by Lineker row

Proudly billed by the BBC as "the world's most famous football show", Match of the Day tackled the sport's most controversial moments for nearly 60 years before being thrown into turmoil by outspoken presenter Gary Lineker this week.

Private firm to launch maiden rocket flight in Spain

A micro rocket built by a Spanish company will lift off within several weeks, Prime Minister Pedro Sanchez said on Saturday, a first for Spain as a space race hots up in Europe.

French protesters back on streets against Macron's pension plan

Demonstrators in France took to the streets Saturday for a seventh day of protest against President Emmanuel Macron's pension reform plans, with police expecting up to a million people at rallies nationwide.

Syria centre seeks to rehabilitate IS-scarred foreign children

Children of foreign jihadists play football on a dirt field at a centre in northeastern Syria that Kurdish authorities hope will help rehabilitate minors raised on Islamic State group ideology.

Hollywood's Asian stars welcome 'long overdue' breakthrough at Oscars

From Oscars favorites "Everything Everywhere All at Once" and "RRR" to an unprecedented four acting nominations, Asian representation in Hollywood has finally achieved a remarkable and overdue breakthrough this year, industry insiders say.

SVB's demise a sign of worry, but limited contagion risk: analysts

The surprisingly rapid implosion of Silicon Valley Bank has markets jittery over a potential sign of widespread turmoil, but analysts see only a limited risk of financial contagion.

Biden, EU chief meet on trade tensions, Ukraine

President Joe Biden and top EU official Ursula von der Leyen met Friday at the White House to try to defuse a transatlantic trade dispute over subsidies for the green economy, as well as to bolster cooperation on confronting Russia.

From Colombia or Haiti, migrants' long road ends in Canada

For exhausted migrants, a small stretch of snow-covered road is the last step in a long journey to a new life in Canada. Some drag heavy suitcases, others carry all their worldly belongings in small plastic bags.

US firm reaches next stage in Man Utd bidding process

US hedge fund Elliott Investment Management has made it through to the second stage of the bidding process in the potential sale of Manchester United.

Markets in turmoil as US closes Silicon Valley Bank

US regulators shut down Silicon Valley Bank on Friday in a spectacular move that sent global banking shares into turmoil, as markets fretted over possible contagion from the biggest banking failure since the 2008 financial crisis.

Markets rattled as bank shares hammered

Global markets took a beating on Friday as US jobs data boosted the likelihood of further aggressive interest rate hikes, and bank shares were mauled by the SVB debacle.

Meta working on potential Twitter rival

Facebook owner Meta is working on a new "text sharing" social media platform, it said Friday, in a project seen as a potential rival to embattled Twitter.

Global bank shares gyrate as US tech-oriented bank wobbles

Global banking shares gyrated on Friday as trouble at US regional lender SVB Financial sparked concerns over the wider sector.

Stocks slump as bank shares face rout

Global stock markets sank Friday as banking shares faced a rout over contagion fears, while US jobs data was seen all but ensuring further aggressive interest rate hikes.

UK economic rebound eases recession fear before budget

The UK economy has returned to growth, data showed Friday, easing fears of an inflation-induced recession as the government readies next week's budget against the backdrop of a cost-of-living crisis.

US job growth beats expectations in February as economy still hot

The United States added more jobs than expected in February -- though fewer than the previous month, government data showed Friday, suggesting policymakers have more to do to cool down the world's biggest economy

Stock markets slump before key US jobs data

A global stock markets selloff accelerated Friday with banks tumbling on contagion fears over the plight of troubled US lender SVB.

Global bank shares sink over US fears

The world's biggest banks took a stock market beating on Friday as signs of trouble at a US regional lender sparked concerns over the wider sector.

Markets tumble as bank worries spread from Wall Street

Asian and European markets sank again Friday following a rout on Wall Street with banks taking a hefty hit after signs of trouble at a regional US lender sparked concerns about the wider sector.

Shares in Chinese developer Kaisa plunge as trading resumes

Debt-laden Chinese property developer Kaisa's share price hit a record low on Friday as trading resumed following an 11-month trading halt, with the company saying it is in negotiations with creditors.

The technology fighting Rwanda's silent killer of women

When Rwandan villager Lillian was diagnosed with cervical cancer, the 30-year-old feared that her life was over. But a new gadget aimed at patients in low-income countries offered her hope.

Indian couples fight to legalise same-sex marriages

When Abhay Dang and Supriyo Chakraborty had their big Indian wedding under high security two years ago, the gay couple's marriage was not legally recognised -- but it soon could be.

Lawyers search for justice in Turkish quake ruins

The Turkish lawyer adjusts his helmet and steps a little deeper into the rubble in search of proof that last month's catastrophic earthquake did not need to claim so many lives.

Train crash may thwart Greek PM's re-election bid: analysts

The Greek prime minister's bid for re-election at forthcoming polls may be thwarted by the country's deadliest train crash, which has sparked mass protests and calls for him to quit.

Tourism announces its return at Berlin fair, defying inflation

The Berlin tourism industry fair this week celebrated its comeback from the dark days of the coronavirus pandemic with strong demand that has so far defied high inflation figures.

The China Mail - Economy (English)