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Lexmark International from a consortium of Asian investors in a deal valued at $1.5 billion.

Canada’s chief actuary has determined that Alberta is not entitled to take more than half the funds in the Canada Pension Plan if its provincial government decides to follow through on a proposal to leave the national retirement scheme.

The decision by Bank of Canada governing council members to cut the policy rate by 50 basis points in December was a “close call,” according to minutes released by the central bank on Monday.

Subscribe to enjoy similar stories. Indian medical equipment manufacturer Poly Medicure Ltd. will continue to focus on export markets amid rising demand in the US and as global economies look to diversify their supply chains away from China, a top company official said.

customs duty to protect the domestic industry and jobs. The Petrochemicals and Plastic Committee of the Federation of Indian Chambers of Commerce and Industry (FICCI) has written to Ministry of Chemicals and Fertilizers seeking hike in customs or import duty on polypropylene and polyethylene — vastly used in automobiles, packaging, agriculture, electronics and medical devices as well as in construction — from 7.5 per cent to 12.5 per cent.

Subscribe to enjoy similar stories. The US Federal Reserve's decision to cut interest rates by 25 basis points (bps) in its December 2024 policy meeting has raised questions about how this move might influence India’s monetary policy and asset classes. This is the third consecutive rate cut by the Fed in 2024, bringing the benchmark interest rate to the range of 4.25%-4.50%.

Subscribe to enjoy similar stories. The recently concluded Monetary Policy Review reiterated the concern of high CPI inflation and recommended keeping the repo rate unchanged. This review, however, marked an interesting increase in dissent within the policy committee: Two of the three non-Reserve Bank of India (RBI) members voted for a reduction in rates.

Subscribe to enjoy similar stories. Among the many newcomers to the business of weight-loss drugs is Hims & Hers, an American e-pharmacy better known for hawking remedies for erectile dysfunction and hair loss. Since May it has offered its own version of Wegovy, a blockbuster slimming jab, thanks to a quirk in American law that lets pharmacies replicate some brand-name drugs when there are shortages.

First it was Canada, then the Panama Canal. Now, Donald Trump again wants Greenland.

Two of Japan’s largest automakers – Nissan and Honda – announced on Monday that they plan to work toward a merger, which would make the combined entity the third-largest vehicle manufacturer in the world.

Green hydrogen has been touted by politicians and business leaders alike as a key fuel for a carbon-free future. But it will remain far more expensive than previously thought for decades to come, according to a new estimate from BloombergNEF.

Industry experts say that India's dollar bond issuance was around $12 billion in 2024 against $5 billion last year and it is expected to see continued momentum in 2025.

Subscribe to enjoy similar stories. New Delhi: Climate change is no longer just affecting lives. It’s hurting the economy more than ever before, whether through extreme heat or rain bringing down farm output and driving up prices, or making countries adopt cross-border tariffs to factor in the costs of carbon reduction.

Subscribe to enjoy similar stories. Homemade bullet trains may belt down specialised railway corridors in the not-too-distant-future.

Subscribe to enjoy similar stories. India's housing finance sector saw a tenfold jump in primary fundraising in 2024, as venture capital and private equity firms sought to diversify their portfolios with assets perceived as relatively less risky. Rising housing demand, as well as the ability of mortgage lenders to contain costs at crunch times and generate sustained returns have attracted investments, investors and industry experts said.

OpenAI was well ahead of its time in the last couple of years, but it looks like other companies are slowly catching up with their own set of language models, products and other AI-enabled services. For starters, Meta Platforms is posing the toughest contest to OpenAI as of now, with Google following closely behind with their own AI engine.

Vladimir Putin is willing to deal with Donald Trump to discuss and end the war in Ukraine. Or at least that's what Trump told us Putin told him. If true, this could be a big step forward since the outbreak of hostilities and ensuing Western sanctions.

The U.S. job market has undergone a dramatic transformation in recent years, from one characterized by record levels of employee turnover to one in which there is little churn.

Honda and Nissan have announced plans to work toward a merger that would form the world’s third-largest automaker by sales, as the industry undergoes dramatic changes in its transition away from fossil fuels.The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors Corp. also had agreed to join the talks on integrating their businesses.Automakers in Japan have lagged behind their big rivals in electric vehicles and are trying to cut costs and make up for lost time as newcomers like China’s BYD and EV market leader Tesla devour market share.Honda’s president, Toshihiro Mibe, said Honda and Nissan will attempt to unify their operations under a joint holding company.

Walmart and the workforce payments company Branch Messenger on Monday of forcing more than a million delivery drivers into using accounts that cost them more than $10 million in junk fees, Reuters reported.