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Over the past two weeks, long-standing China bulls UBS Global Wealth Management, Nomura Holdings Inc., and JPMorgan Chase & Co. have all downgraded the country’s equities, citing concerns ranging from the property-led demand slump to piecemeal stimulus measures and geopolitical tensions ahead of the US elections.

China's central bank held back on buying gold for its reserves for a fourth straight month in August, official data showed on Saturday. China's gold holdings stood at 72.8 million fine troy ounces at the end of last month. The value of the gold reserves, however, rose to $182.98 billion compared with $176.64 billion at the end of July.

Trump in his New York hush money trial was delayed Friday until after November's election, a win for the Republican as he battles Democrat Kamala Harris in the knife-edge White House race. The former US president had been scheduled to be sentenced on September 18 for falsifying business records in a scheme to silence a porn star's politically damaging story. But Judge Juan Merchan postponed it to November 26 — three weeks past the November 5 election, as requested by Trump's lawyers.

PhysicsWallah is in the final stages of closing a $150-million funding round led by Asian hedge fund Hornbill Orchid that will value the Noida-headquartered edtech unicorn at $2.8 billion, over 150% higher than its previous valuation, said people briefed on the developments. While Hornbill Orchid is likely to invest $70-80 million, a big chunk of the remaining amount is expected to come from venture capital firm Lightspeed that has previously backed edtech rival Byju’s, they said. “The round is nearly done and Hornbill Orchid is leading it, putting the biggest amount of capital in the round,” one of the persons said.

Tata Sons FY24 annual report. The group's digital and electronics business grew 148% to Rs 1,612 crore, with net losses widening to Rs 2,223 crore from Rs 1,723 crore. Tata Sons is the holding company of the Tata Group. Air India, privatised in 2022, recorded its highest-ever consolidated revenue of Rs 51,365 crore in FY24, a 24% increase over the previous year, driven by a growth in capacity to 105 billion available seat kilometres (ASKM) and an improvement in passenger load factor to 85%.

Selena Gomez, star of Only Murders in the Building, has officially joined the billionaire ranks, according to Bloomberg. At 32 years old, she now boasts a net worth of $1.3 billion, making her one of the youngest female self-made billionaires in the U.S. Gomez’s wealth was recorded for the first time by the Bloomberg Billionaires Index. Her billionaire status comes just months after her friend Taylor Swift hit the milestone in April 2024. Swift, 34, was ranked No. 2,545 on Forbes' World's Billionaires List with a net worth of $1.1 billion. Notably, Swift became the first musician to achieve billionaire status solely from songwriting and performing. Gomez’s fortune, however, is more diversified. Bloomberg’s wealth analysis factored in the value of Gomez’s stake in Rare Beauty, her music earnings, real estate holdings, and revenue from streaming deals and brand endorsements.

More than two months after Hurricane Beryl, the strongest July Atlantic hurricane on record, some farmers in Jamaica are still unable to restore their crops and repair their homes

National Conference vice president Omar Abdullah on Friday alleged that leaders in New Delhi 'hate' him, want to 'silence' him and 'keep conspiring' against him, as he represents the aspirations of the people of Jammu and Kashmir. «This is a strange election. I knew that leaders in Delhi never liked me. But now I have realised that they hate me and they want to silence me,» said Abdullah, while addressing an election rally here. Abdullah, while referring to his loss in the Lok Sabha polls from Baramulla against jailed Awami Ittehad Party leader Engineer Rashid, said, «A candidate who was behind bars (Engineer Rashid) filed the nomination against me. He recorded an audio clip and circulated it among the electorate… I thought maybe it was my bad luck. I did not see any conspiracy in it. But for the last 2 to 3 days, it seems like a conspiracy to me… daal main kuch kala hai… I don't understand in this situation how those behind bars file nominations only against me.»

Labour productivity at Canadian businesses fell by 0.2 per cent during the second quarter of 2024, with 11 of the 16 main industries recording declines, Statistics Canada said on Thursday.

Bitcoin (BTC) lost ground in early trading on Friday after closing more than 3% lower yesterday as investors braced for the highly anticipated August jobs report due this morning, a key piece in the puzzle for gauging the timing and size of widely expected interest rate cuts by the Federal Reserve later this month.

National Testing Agency (NTA) is set to release the provisional answer key for the University Grants Commission – National Eligibility Test (UGC-NET). The answer key will be available on the NTA official website, nta.ac.in and ugcnet.nta.ac.in.

The £3.4bn figure was second only to April 2024's record inflow of £3.8bn at the height of ISA season, according to the data from the Investment Association (IA).  UK investors also deposited net £1.3bn into funds in July, with index trackers a common destination for capital.  UK equity funds suffer highest monthly outflow on record This marked the second consecutive month of inflows of over £1bn, while higher flows to fixed income and outflows from equity «suggest that investors remain risk conscious», the IA noted.   Although inflows into index trackers were highest among equi...

Shares of Nvidia and other Big Tech stocks have helped power the markets run to record highs this year. Their recent wobble is making investors nervous. A tumble in the chipmaker's shares shaved $279 billion off Nvidia's market capitalization on Tuesday, the single largest one-day decline in market value on record for a U.S. company. The stock was rebounding on Wednesday, rising 1% in late morning trading. Whether the steep fall is due to investors becoming more cautious towards the artificial intelligence trend that supercharged market returns this year or worries over the health of the U.S. economy, more trouble for Nvidia and other Big Tech stocks would likely spell trouble for the broader markets.

European Union's climate change monitoring service said on Friday, as global warming continues to intensify. The boreal summer of June to August this year blew past last summer to become the world's warmest, the Copernicus Climate Change Service (C3S) said in a monthly bulletin. The exceptional heat increases the likelihood that 2024 will outrank 2023 as the planet's warmest on record.

New Delhi: Startups and entrepreneurs working on blockchain applications and products appear to have perked up, after more than two years of subdued enthusiasm for web-3 technologies. This much-needed booster for India’s blockchain upstarts has come in the form of the National Blockchain Framework, unveiled on Wednesday by information technology secretary S.

The Nevada Supreme Court has ended a defamation lawsuit brought by casino mogul Steve Wynn against The Associated Press in 2018

Indian Premier League (IPL) franchises more than doubled their revenues for the year ended March 2024, with significant improvements in profitability, largely on the back of increased share from the league’s central revenue pool during IPL 2023. The 10 teams collectively received Rs 4,670 crore from the Board of Control for Cricket in India (BCCI) for the IPL 2023 compared to Rs 2,205-crore share from the central pool for the IPL 2022, as per BCCI’s annual report for FY23. “The first eight IPL franchisees have been profitable for more than eight years now and their profits have significantly increased in FY24, and are expected to be at that level going forward due to the media rights renewal in 2022 and the resulting increase in the central pool,” D and P Advisory managing partner Santosh N said.

Even though the cause of Rich Homie Quan’s death has not officially been confirmed, fellow musician Boosie Badazz alleged the drug overdose was the main reason. Earlier in May, 2017, Quan was face felony charges for drug possession. However, the case was rejected in 2019.

Supreme Court has reserved its verdict on pleas filed by Delhi CM Arvind Kejriwal seeking bail and challenging his arrest by CBI for his alleged involvement in the Delhi excise policy case. Senior lawyer Abhishek Manu Singhvi, appearing for Kejriwal, said his arrest was nothing but an «insurance arrest», implying that CBI arrested him only to ensure that even if the CM gets bail in the ED case, he remains behind bars in CBI case. The CBI counsel alleged the Punjab government, at Kejriwal's behest, has denied sanction to prosecute some state officials who allegedly arm-twisted the owner of a Punjab-based distillery to comply with the alleged bribe demands. The counsel said the probe regarding that is stalled since the AAP government there hasn't given sanction under Section 17A of the Prevention of Corruption Act.

Bengaluru has alleged that she was harassed and physically assaulted by an auto driver after she canceled a ride booked through Ola. The incident occurred on Wednesday when she and her friend booked two autos. Ola has responded to her complaint on social media, promising an investigation. The Additional Director General of Police Traffic and Road Safety, Alok Kumar, also assured that appropriate action would be taken. According to the woman, the incident began when she canceled her friend's auto ride. She arrived first, and her friend canceled her booking. The other auto driver then followed them, visibly angry. Despite her attempts to explain the situation, the driver started shouting and hurling abuse. «Yesterday in Bangalore (Bengaluru), my friend & I booked two autos on Ola due to peak hours. I arrived first, so she canceled hers. The other auto driver followed us, furious. Despite explaining the situation, he started shouting and hurling abuse,» she said.

Nearly five years after COVID-19, a new analysis by The Associated Press shows that U.S. regulators are struggling to address a massive backlog of uninspected pharmaceutical plants