COST Financial News

The Bank of England is keeping its main interest rate unchanged at 5% despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus pandemic more than four years ago

President Joe Biden is celebrating the Federal Reserve’s decision to lower interest rates by saying it shows that inflation has eased

Nike Inc. has named Elliott Hill as its president and CEO effective, replacing John Donahoe, who will retire next month

The döner kebab is beloved in Berlin

Subscribe to enjoy similar stories. NEW DELHI : Tata Motors Ltd, India’s leading electric vehicle (EV) manufacturer, is engaging with the Centre to re-examine the e-taxi segment's exclusion from the ₹10,900 crore EV subsidy scheme approved by the cabinet on 11 September, two people close to the development said. The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE), marking the third phase of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) policy, leaves the e-taxi segment outside the purview of subsidies, even though it is a key form of shared mobility.

Subscribe to enjoy similar stories. Two years after ChatGPT took the world by storm, generative artificial intelligence seems to have hit a roadblock. The energy costs of building and using bigger models are spiralling, and breakthroughs are getting harder.

Patrick Mahomes received a birthday gift of $25,000 from Kansas City Chiefs Travis Kelce on his 29th birthday. This lavish gift refers to a lavish behaviour from Travis Kelce.

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

A journalist and copywriter with a decade's experience across music, video games, finance and tech.

The average rate on a 30-year mortgage in the U.S. edged closer to 6% this week and is now at its lowest level since early February 2023

Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market kept rising

logistics cost will come down to single-digit within the next five years as the country builds a network of world-class highways and expressways, road transport and highways minister Nitin Gadkari said on Thursday. Addressing the 'Deloitte Government Summit', Gadkari said the ministry is constructing several highways and expressways which will help reduce India's logistics cost. «I am confident that within five years our logistics cost will be in single-digit,» he said. The reduction in logistics costs is crucial to enhance India's economic efficiency and global competitiveness.

Etihad Airways Group CEO Antonoaldo Neves has the precarious job of balancing growth with profitability and margins as the Abu Dhabi-based airline seeks to save $150 million in costs a year while doubling its size. In a conversation with ET’s Forum Gandhi and Anirban Chowdhury, Neves talks about Etihad’s plans for India, which is among its top three markets globally. Edited excerpts: You joined Etihad in 2022 as it narrowed losses and made management changes. With a half-year profit and shifting in its strategy, what were your main focus areas? What milestones did you achieve? We see Etihad’s journey in three phases. The first 15 years focused on creating a global brand and expanding. Then, for five years, the airline was restructured and downsized to 60 planes. Now, we are ramping up again… We have 92 aircraft in our fleet. In 2022, we broke even. Now, in phase three, we’re planning the airline’s future and restructuring the network to be more profitable, shifting from ultra-long haul to mid-haul and prioritising point-to-point operations from Abu Dhabi. We also aim to double our capacity in India, utilising the available seats in bilateral agreements, and we’re pleased with our performance here. You’re one of the few premium airline CEOs discussing costs. You have previously mentioned a target of $100-150 million in annual cost cuts. How do you balance growth with these cost reductions?

State-owned power giant NTPC on Thursday said its board has approved an investment of Rs 9,790.87 crore for stage-III of the Sipat Super Thermal Power Project. The decision was taken at the meeting of the board of directors of the company, NTPC said in a regulatory filing.

Research by the firm found there have only been two consecutive years without initial public offerings since the launch of the first infrastructure trust 18 years ago—2008 and 2009, during the peak of the Global Financial Crisis. On the secondary market, only £11m has been raised by infrastructure trusts so far this year, according to data compiled by abrdn from the London Stock Exchange.  FCA and government lift investment trust cost disclosure requirements as they plan reforms This is set to be the lowest market raising by infrastructure trusts by a «significant amount», abrdn ad...

HEFEI, China — There's yet another Chinese electric car aiming to undercut Tesla, with a steeper discount.

Subscribe to enjoy similar stories. The US Federal Reserve’s steeper-than-expected interest rate cut augurs well for India’s $254-billion information technology services sector, as lower borrowing costs could prompt companies to increase their spending on technology. The US is the biggest market for India’s IT services sector.

National Bank of Canada is reinforcing its presence in Montreal with the opening of a statement-making head office as it looks to expand dramatically outside of the French-speaking province.

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

Subscribe to enjoy similar stories. Goa: In August 2020, at the height of the pandemic, Sapna Dickson drove down to Goa with her two cats and three friends. The work-from-anywhere era had begun, and Dickson, an advertising professional, grabbed the first chance to get out of Mumbai, a city she had lived in for two decades.