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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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Petrobras posts record profits for 2022

Brazil's state oil company Petrobras has reported record profits of 188 billion reais (about $36 billion) in 2022, due mainly to the global rise in fuel prices.

Lufthansa keeps CEO Spohr on for another five years

Lufthansa CEO Carsten Spohr, who steered the airline back from the brink of bankruptcy during the pandemic, will see his contract extended by another five years, the group said Thursday.

Greece seeks answers over deadliest train tragedy as toll rises

The toll from Greece's worst rail accident rose to 42 on Thursday after a head-on collision blamed on "human error" that has sparked angry protests.

Markets mixed as US rate saga plays against China reopening

Stocks were mixed Thursday but trading was subdued as Federal Reserve interest rate hike worries returned to the agenda with two top officials warning more tightening will be needed to slay inflation.

Eskom: South Africa's fallen energy giant

It was once a source of national pride -- an award-winning firm that powered South Africa's mining boom and later brought electricity to black communities left behind by apartheid.

Internet access, privacy 'essential for freedom': Proton chief

Internet privacy company Proton can spot attacks on democracy in a country before they hit the headlines, simply by watching demand for its services explode, its chief told AFP.

Is biodegradable better? Making sense of 'compostable' plastics

Bacardi rum bottles, Skittles sweet wrappers, designer water bottles -- a bevy of companies are developing biodegradable plastic packaging they say is better for the environment than traditional plastics.

Asian markets mixed as US rate saga plays against China reopening

Stocks were mixed in Asia on Thursday after the previous day's rally but trading was subdued as Federal Reserve interest rate hike worries returned to the agenda with two top officials warning more tightening will be needed to slay inflation.

Women's sport a winner as money pours into India cricket league

India's inaugural Women's Premier League cricket has generated hundreds of millions of dollars even before a ball is bowled on Saturday, with experts calling it a game-changing moment for women's sport.

Kim says N. Korea must meet grain production goals 'without fail'

North Korean leader Kim Jong Un urged government officials to make sure the country meets its grain production goals "without fail", state media said Thursday, amid reports Pyongyang's food shortage is worsening.

Greece seeks answers over deadliest train tragedy

A station master on duty during Greece's deadliest train accident is to testify Thursday in the central city of Larissa over the disaster that claimed dozens of lives, plunging the country into mourning.

Stocks wobble on China data and rate hike fears

Stock markets wobbled on Wednesday as investors were torn between data showing decade-high Chinese factory activity last month and worries about interest rate hikes due to grinding inflation.

Tech rivals chase ChatGPT as AI race ramps up

Chasing Microsoft, global tech giants have rolled out announcements on how they will implement ChatGPT-like artificial intelligence into their world leading platforms and applications, with YouTube the latest to present plans.

Bresnan accused of racist remark towards Rafiq's sister

A hearing into the racism scandal at Yorkshire county cricket club started on Wednesday with former England international Tim Bresnan accused of making a racist comment towards the sister of Azeem Rafiq.

Greek PM blames 'tragic human error' for train collision

Greek Prime Minister Kyriakos Mitsotakis on Wednesday said a "tragic human error" was likely responsible for a train collision that has left at least 38 dead in the country's worst rail tragedy.

Europeans scramble in AI race

Generative AI chatbots unveiled by US tech firms have captivated the world with their spectacular successes and failures in engaging in conversations.

Stocks wobble on China and rate hike fears

Stock markets wobbled on Wednesday as investors were torn between data showing decade-high Chinese factory activity last month and worries about interest rate hikes.

US drugmaker Eli Lilly says slashing insulin prices by 70%

US pharmaceutical giant Eli Lilly announced Wednesday it was cutting the cost of its most commonly prescribed insulins by 70 percent after years of soaring prices that hit millions of Americans living with diabetes.

Stocks win boost as China data spurs recovery hopes

Stock markets rose Wednesday as data showed decade-high Chinese factory activity last month after leaders began reopening the economy from years of painful zero-Covid measures.

Gabon summit promotes worth of tropical rainforests

A two-day conference to highlight the key environmental role and value of the world's rainforests got underway in Gabon Wednesday, backed by several leaders of tropical countries.

Carmaker Aston Martin's losses almost triple

British luxury carmaker Aston Martin Lagonda on Wednesday said annual losses almost tripled on soaring costs and supply strains, but shares surged on rebounding sales and a bright outlook.

EU parliament bans TikTok on work devices

The European Parliament has told staff to purge TikTok from devices used for work because of data protection concerns, after similar moves by the EU's main governing bodies last week.

Asian, European markets rise as China data spurs recovery hopes

Asian and European markets rose Wednesday as data showed decade-high Chinese factory activity last month after leaders began reopening the economy from years of painful zero-Covid measures.

UK missing person case highlights rise of TikTok amateur sleuths

The tragic case of a British woman's disappearance and death has shone a disturbing light on the rise of so-called online sleuths and amateur detectives who believe they can do the police's job.

Sri Lanka workers defy strike ban to protest rescue plan

Sri Lankan workers went on strike Wednesday in defiance of a government ban to protest a rescue plan for the bankrupt island nation, forcing the closure of hospitals, banks and ports.

China manufacturing activity surges in February

China's manufacturing activity surged to its highest reading in more than a decade in February, official figures showed Wednesday, as factories began to return to normal following years of Covid-19 disruption.

Tesla to invest about $5 billion in Mexico plant: government

American electric car maker Tesla will invest about $5 billion in a massive new factory in the northern Mexican city of Monterrey, a senior government official said Tuesday.

Nigeria gas fuels Morocco, Algeria pipeline power struggle

Adversaries Morocco and Algeria are each racing to build a conduit pumping Nigerian gas to European markets, even as the continent aims to wean itself off fossil fuels.

Musk to update vision for Tesla at investor day

Elon Musk will aim to quiet any doubts about Tesla's standing in the electric car race on Wednesday when the serial entrepreneur convenes an investor day.

Power scarves and punk elegance for Dior and Saint Laurent's strong women

Dior and Saint Laurent both combined nostalgia with homages to strong, independent women as the two French fashion giants presented their latest collections in Paris on Tuesday.

Iran has uranium particles enriched to nearly bomb grade: IAEA

The UN nuclear watchdog confirmed on Tuesday it had detected particles of uranium enriched up just under the 90 percent needed to produce an atomic bomb.

Hundreds of passengers stranded in Colombia, Peru as Viva Air grounded

Hundreds of passengers were stranded Tuesday at airports in Colombia and Peru after low-cost airline Viva Air suspended operations due to financial difficulties.

The China Mail - Economy (English)