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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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Bank of Japan leaves policy unchanged as Kuroda bows out

Japan's central bank left its ultra-easy monetary policy unchanged in its last meeting before Governor Haruhiko Kuroda steps down and is replaced by economics professor Kazuo Ueda.

Asian markets tumble as bank worries spread from Wall Street

Asian markets sank again Friday following a rout on Wall Street as signs of trouble at a regional US lender sparked concerns about the wider sector as the Federal Reserve ramps up interest rates.

Warnings over AI and toxic beauty myths dog TikTok's Bold Glamour filter

TikTok's latest sensation is a real-time filter called Bold Glamour that sashays right past debates over toxic beauty standards on social media, going all in on giving users a new face.

Japan parliament approves new central bank chief Ueda

Japan's parliament on Friday approved economics professor Kazuo Ueda as the central bank's next governor, after a decade of monetary easing by outgoing chief Haruhiko Kuroda.

US banking shares hammered as stocks tumble ahead of jobs data

US banking shares plunged Thursday, weighing on the broader stock market after a mixed session on global bourses.

Paris Olympics chief defends ticket pricing after criticism

The head of the Paris Olympics organising committee defended the ticketing system for the 2024 Games, calling the first phase of sales a "success" on Thursday despite complaints about high prices.

Stocks tread water as traders await US jobs data

Wall Street and European stock markets made modest moves Thursday as investors awaited US jobs data that could prompt the Federal Reserve to ramp up interest rate hikes.

Rescuers 'fear worst' for three trapped deep in Spain mine

Rescuers were struggling on Thursday to reach three people trapped deep underground after an accident at a Spanish potash mine, with officials admitting they "feared the worst".

Power cut to Paris 2024 Olympic sites in pensions protest: union

A French labour union said members working in the energy sector had on Thursday cut power to the building sites for the Olympic Village for the 2024 Paris Games, as well as the main Stade de France stadium.

Stocks mixed as traders nervously await US jobs data

Wall Street rose on Thursday but European stock markets fell as investors brace for US jobs data that they fear could prompt the Federal Reserve to ramp up interest rate hikes.

Uganda presents anti-gay bill in parliament

Ugandan lawmakers on Thursday introduced legislation to parliament that proposes tough new penalties for same-sex relations in a country where homosexuality is already illegal, defying criticism from human rights groups.

Prada touts strong profits despite China sales slump

Italian luxury group Prada said Thursday its profits jumped in 2022 as strong sales in Europe and the United States offset declines in China, and that it expects its sales to outpace the market this year.

US conservatives fire opening salvo in trans sports battle

US lawmakers advanced a bill Thursday aimed at banning transgender women and girls from sports teams that match their gender identity, as Congress turned its focus on one of the most polarizing issues in American culture.

Former Shell CEO gets big payday on soaring oil prices

Shell's recently retired CEO earned close to £10 million ($12 million) last year after the energy giant scored record profits on soaring energy prices, the British company said Thursday, sparking outrage amid a cost-of-living crisis.

'Bittersweet story': joy, pain of nations casting off UN poorest tag

There will be jubilation in the Himalayan kingdom of Bhutan this year when it quits the club of the world's poorest countries, while others still have a mountain to climb.

Stocks drop as traders nervously await US jobs data

Stock markets mostly retreated Thursday on the eve of US jobs data, which is being eagerly awaited in light of warnings from Federal Reserve boss Jerome Powell that interest rate hikes could be ramped up should the economy show no sign of slowing.

Greek officials charged over train crash, PM vows 'transparency'

Greek prosecutors on Thursday charged three more railway officials in connection with the country's worst train crash that killed 57 people, as the prime minister vowed "absolute transparency" in the probe into the tragedy.

Two dead, 28 missing in Gabon ferry accident: port official

At least two people have died and 28 are missing after a small ferry foundered off the Gabonese coast, a port official told AFP on Thursday.

Greek PM vows 'absolute transparency' in rail crash probe

Greece's prime minister on Thursday pledged "absolute transparency" in the probe into the country's deadliest rail crash that killed 57 people, a day after mass protests rocked the country.

Senegalese recyclers seek solutions in fight against plastic

Discarded containers and bags are an eyesore in many towns, while beaches are covered by debris -- Senegal's notorious problem of plastic pollution is not going away.

Markets drop as traders nervously await US jobs data

Asian stocks mostly fell Thursday ahead of key US jobs data at the end of the week, after Federal Reserve boss Jerome Powell warned it could ramp up its pace of interest rate hikes if the economy shows no sign of slowing.

In EU, a food fight over nutrition labels

Europe is taking longer than planned to concoct an EU-wide food-labelling system after a colour-coded scheme created in France did not go down well in culinary rival Italy.

Cops and Chechens: TikTok duo become unlikely stars

Middle-aged Austrian police officer Uwe and hip young Chechen social worker Ahmad may look like an unlikely duo, but their TikTok videos have become a huge hit in Austria.

From sharing site to anime giant, Crunchyroll marches forward

Once a semi-legal sharing site, Crunchyroll is now a streaming giant credited with helping Japanese anime transform from a nerdy subculture into a lucrative global industry poised to conquer new markets.

Afghanistan coffers swell as Taliban taxman collects

A dusty logjam of trucks inches across a rut in the mountains splitting Pakistan and Afghanistan, teeming with a cargo of fruit and coal -- and paying the Taliban authorities for the privilege of passage.

Asian markets fluctuate with nervous eye on US jobs data

Asian traders shifted cautiously Thursday ahead of key US jobs data at the end of the week, after Federal Reserve boss Jerome Powell warned it could ramp up its pace of interest rate hikes if the economy shows no sign of slowing.

Brazil's new Indigenous affairs chief sets sights on illegal gold

Joenia Wapichana is used to charting new territory: the first Indigenous woman to earn a law degree in Brazil, she was also the first elected to Congress.

US to be 'global leader' in energy transition: Energy Secretary

Pointing to key Biden administration policies to mitigate climate change, Energy Secretary Jennifer Granholm promised Wednesday that the United States would lead global energy transition.

The women volunteers treating Ukraine's frontline troops

At a trauma centre a dozen kilometres from Ukraine's front line, Tetyana still has glitter on her cheeks from taking part in a speech therapy course for children.

US private hiring heats up while Fed warns of inflationary pressures

US employers stepped up their pace of hiring in February, payroll firm ADP said Wednesday, while the central bank warned that inflationary pressures remained widespread in early 2023.

Macron promises to hasten abortion constitutional right

French President Emmanuel Macron said Wednesday his government would put forward a draft law enshrining abortion rights in the French constitution within months.

Macron promises abortion constitutional right in months