NEW DELHI: Oil prices rose on Friday and were set for weekly gains because of renewed fears of supply disruptions from the key Middle East producing region after renewed fighting between the U.S. and Iran this week curtailed shipping in the Strait of Hormuz. Brent futures were up 19 cents, […]
Business
Meta Platforms said in a court filing on Monday that four states were seeking $1.4 trillion in penalties over accusations the company designed its Facebook and Instagram platforms to addict young users and misled the public about their safety. Meta put forward the figure in its response to the attorneys […]
July 7 : Australia’s WiseTech Global said on Tuesday that co-founder Richard White would step down as executive chair, effective immediately, while Raelene Murphy had been appointed independent chair. Murphy, who joined the logistics software provider’s board at the start of the year, was named lead independent director in May […]
TOKYO: Japanese Finance Minister Satsuki Katayama said on Friday the government will respond appropriately on currency movements, reiterating her warnings as traders braced for possible intervention from the Japanese authorities. “Our stance has not changed. We will respond appropriately at any time as needed,” Katayama said at a regular press […]
Tata Consultancy Services will book a one-time exceptional charge of $70 million after the U.S. Supreme Court rejected its appeal in a trade secrets case, bringing its total exposure in the matter to $220 million, the firm said on Monday. Here are some more details: • The U.S. Supreme Court […]
PARIS: Elon Musk has launched a tirade against French judicial authorities currently investigating possible abuses on his X social network — prompting a fresh legal complaint from a gay rights group yesterday. France opened an inquiry in January 2025 into allegations that X, formerly known as Twitter, was used to […]
TOKYO: Sparkling debuts on the Tokyo bourse by a sake brewery and pet food maker last week are unlikely to revive a moribund market for new stock listings in Japan as investors remain fixated on the artificial intelligence boom. Shares of Umenoyado Brewery surged 75 per cent on their first […]
NEW DELHI: Saudi Arabia has announced $3 billion in additional support for Pakistan and extended a $5 billion deposit, Pakistan Finance Minister Muhammad Aurangzeb said while talking to members of the media in Washington.
TOKYO: Japanese Finance Minister Satsuki Katayama said on Thursday recent market turmoil has underscored how sharply interest rates can be driven by volatility spilling over from other markets, a dynamic she said had become too significant to overlook. “Financial markets have seen an excessive degree of volatility since Feb. 26, […]
Damages have yet to be calculated but a lawyer for the shareholders estimated they could total about US$2.5 billion. SAN FRANCISCO: A US federal jury found Elon Musk liable on claims he defrauded Twitter shareholders by trying to drive down the social media company’s stock price so he could renegotiate […]