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Tupperware Brands TUP.N filed for Chapter 11 bankruptcy protection late on Tuesday, succumbing to mounting losses amid poor demand for its once-iconic food storage containers.

Union Cabinet, led by Prime Minister Narendra Modi, on Wednesday approved the development of the Next Generation Launch Vehicle (NGLV). This approval marks a pivot towards the government's vision of establishing the Bharatiya Antariksh Station and enabling Indian crewed lunar missions by 2040, the government said in a press release. PM Modi hailed the decision as a significant leap, and called it a step in the right direction for India's space ambitions.

Qualcomm lost its bid on Wednesday to get a European Union antitrust penalty thrown out after a top court largely rebuffed the technology company's arguments in the case involving cellphone chipsets. The European Union's General Court said it was rejecting most of Qualcomm's appeal against the 242 million euro ($269 million) fine that the bloc's regulators issued in 2019, accusing the company of "predatory pricing" to drive a competitor out of the market. The European Commission, the 27-nation bloc's executive branch and top antitrust enforcer, said five years ago that Qualcomm abused its market dominance in 3G baseband chipsets, selling them below the cost of production to force startup Icera out of the market a decade prior.

US Fed Meeting Live Updates: The United States Federal Reserve's (US Fed) Chair Jerome Powell is expected to announce the first rate cut in over four years, since 2020, at a press conference today after concluding the two-day monetary policy meeting from September 17-18. The estimated US Fed rate cut will be announced AFP months ahead of the US presidential elections scheduled for November 2024.

Subscribe to enjoy similar stories. Lithium may be called “white gold," but investing in the metal has hardly been a golden ticket lately. Lithium, which is used to make batteries for both gadgets and electric vehicles, has been on a roller-coaster ride in recent years.

FOX Business Lauren Simonetti reports on the latest market and political news surrounding Target, child care costs and rapper Cardi B.

Union Cabinet on Wednesday approved the development of a partially-reusable Next Generation Launch Vehicle (NGLV) with three times the payload capability of ISRO's workhorse Launch Vehicle Mark III. It allocated Rs 8,240 crore for the development of NGLV, three developmental flights, essential facility, programme management and launch campaign. It will be a significant step towards India's aim of establishing and operating the Bharatiya Antariksh Station and developing capability for Indian crewed landing on the moon by 2040, an official statement said. NGLV will have three times the payload capability at 1.5 times the cost compared to LVM3, it said, adding that the partially-reusable launch vehicle will provide low-cost access to space.

Federal Reserve is set to reduce U.S. short-term borrowing costs on Wednesday, marking a significant shift after more than two years of battling high inflation. The central bank is expected to lower its key rate by either a quarter-point to 5.00%-5.25% or a half-point to 4.75%-5.00%, following a series of hikes that totaled 5.25 percentage points since March 2022. While the initial cut could be modest, the Fed is likely to continue lowering rates, aiming for a range between 4% and 4.5% by the end of the year, with more reductions planned for 2025. However, policymakers have indicated that rates will not return to the sub-2% levels seen prior to 2022, meaning the low mortgage rates of the past are unlikely to come back soon. Despite these cuts, inflation has cooled significantly, and average paychecks are now rising faster than prices. However, the high cost of goods, like groceries, continues to strain household budgets.

What's 'One Nation, One Election' The concept revolves around conducting simultaneous elections for both Lok Sabha and State Assemblies throughout the country. Prime Minister Narendra Modi has been a long-time advocate of this idea. Currently, elections for state assemblies and the Lok Sabha take place independently, either upon the completion of a five-year term for the existing government or in the case of dissolution due to various reasons.

Subscribe to enjoy similar stories. The Federal Reserve’s expected rate cut Wednesday will sound the all-clear for overseas central banks that are also concerned about their domestic economic growth. Some of the world’s most consequential central banks, including those in the eurozone, the U.K.

Subscribe to enjoy similar stories. Supply-side forces had driven India’s annual inflation to a high of 6.0% and 6.4% in 2020-21 and 2022-23 respectively, amid pandemic-led supply chain disruptions, high commodity prices, sticky service-sector pressures and elevated core inflation. Headline inflation has since drifted lower, notwithstanding sequential swings around the monsoon months and on weather-related triggers.

Anirban Chowdhury, detailing his luxury stay at the JW Marriott Masai Mara in Kenya, has gone viral on social media platform X (formerly Twitter). Chowdhury, who shared his experience of staying at one of Kenya’s most expensive resorts with his wife, received an overwhelming response from users, many of whom were curious about the cost of such a lavish vacation. However, one comment, in particular, caught Chowdhury’s attention, prompting him to address misconceptions surrounding his trip in a post titled, «It's time for some myth-busting.» The comment that sparked his response read: «Only multimillionaires like you can afford such vacations.» The implication that only the wealthy could afford such an extravagant holiday didn’t sit well with Chowdhury, who decided to break down the actual costs and methods he used to make the trip affordable. In response to the claim that he must be a multimillionaire to afford such a trip, Chowdhury clarified that he is a salaried employee who pays taxes like everyone else. He emphasized that he travels frequently for work, which helps him earn even more points to redeem for luxury stays and flights.

Inflation in the U.K. held steady at an annual rate of 2.2% in August with higher air fares offset by lower fuel costs and restaurant and hotel bills

Subscribe to enjoy similar stories. Online orders for categories such as fashion, accessories, home decor and kidswear are likely to be harder to return this festive season as companies look at maximising earnings and minimising logistics hurdles, experts said. Direct-to-consumer companies as well as e-commerce platforms Flipkart and Amazon may set a higher bar for accepting returns than in previous festive seasons to maintain margins by eliminating the costs of reverse logistics, staffing and packaging, according to two executives aware of the matter.

interest rate cuts almost certain in the current calendar year, non-banking lenders are poised to benefit the most, offering better risk-reward ratio in the current market conditions. The US Federal Reserve is expected to initiate a rate-cut cycle, either in its latest meeting or the following one. Once the Fed begins easing key interest rates, the Reserve Bank is likely to follow suit, aligning its monetary policy accordingly.

Subscribe to enjoy similar stories. The car industry’s effort to decarbonise revolves around replacing petrol with batteries. A growing number of customers want both.

Alberta was calling, both Canadians and immigrants answered and now the government is working to address the consequence of an unprecedented number of people moving to the Prairie province over the past year.

Inflation slowed to two per cent in August, hitting the Bank of Canada’s target and adding to the case for more aggressive interest rate cuts.

By Franco Terrazzano

Cyprus has approved a massive undersea electricity cable project to link its grid with Greece's

A new report says the number of derailments related to the forces created when railcars push and pull against each other has increased as freight trains have gotten longer