International Financial News

About half the U.S. state attorneys general have traveled to France for an event cosponsored by a group largely funded by companies

Coca-Cola Co. says it will pay $6 billion in back taxes and interest to the Internal Revenue Service while it appeals a federal tax court decision in a case dating back 17 years

A Frontier Airlines flight that had been set to go from Houston to the Dallas area last week got canceled not because of weather, but because one of its pilots got arrested

The Socioeconomic Theory of Finance author Robert Prechter analyzes todays economic environment on Cavuto: Coast to Coast. 

The summer travel season is in full swing, often bringing more flight delays and cancellations.

interns was safe from being propositioned by Bill Gates. In an explosive tell-all book, New York Times journalist Anupreeta Das paints a decidedly unflattering picture of the Microsoft co-founder and divulges scandalous details of his philandering habits. Das claimed that Gate’s dalliances left his ex-wife Melinda “seething for a long time.” Bill Gates’s calendar reportedly had mysterious time blocks, and his security staff was restructured by Melinda Gates, who believed they were “enabling” his behavior.

Marico, which owns the Saffola and Parachute packaged oil brands, reported a slightly bigger-than-expected increase in first-quarter profit on Monday, helped by steady demand and said its earnings would grow this year. The company's consolidated net profit rose 8.7% to 4.64 billion rupees ($55.4 million) in the April-June quarter, just above analysts' average estimate of 4.63 billion rupees, according to LSEG data.

Bangladesh Air Force's flight 'AJAX1431', possibly carrying former Prime Minister Sheikh Hasina, has become the most-tracked flight on Flightradar24. Departing from Dhaka, the flight attracted significant attention, with over 22,000 users closely monitoring its journey. Real-time data from the flight tracking portal showed 'AJAX1431' gaining immense interest. Media reports speculated that Hasina might flee to India or the UK. At the time of publishing, the flight was moving across Bihar.

tech companies have again resorted to job cuts to rein in costs, even as advancements in generative artificial intelligence continue to disrupt business. So far this year, 384 tech companies have fired 124,517 employees, according to layoffs tracker website Layoffs.fyi. Chip major Intel, Windows maker Microsoft, Tinder parent Match are among the companies that have announced mass layoffs so far. Back home, Indian tech startups are also shedding jobs amid a difficult funding environment and overall valuation reset.

Neueon Towers Ltd.(up 5.01%), Power and Instrumentation(Gujarat)Ltd.(up 1.99%), Energy Development Company Ltd.(up 0.94%) and Indowind Energy Ltd.(up 0.68%) stood among the top gainers.

JSW Energy on Monday said it has achieved 'A' rating for Environment, Social and Corporate Governance (ESG) in the latest update from Morgan Stanley Capital International (MSCI) ESG rating. MSCI is a leading provider of research and critical decision support tools for the global investment community, JSW Energy said in an exchange filing. The rating underscores the company for leading its peers in carbon emission mitigation practices and capitalising on opportunities in renewable energy space, it said. The 'A' rating in Morgan Stanley Capital International ESG rating refers to a company with a mixed or unexceptional track record of managing the most significant ESG risks and opportunities relative to industry peers.

SoftBank Group Corp. has cut $2.6 billion off the fortune of its founder Masayoshi Son, as the tech investor is buffeted by the Bank of Japan’s earlier-than-expected interest-rate hike. Shares were down 8% Friday in Tokyo. Over two days, the technology conglomerate is down roughly 14%. Even after the recent plunge, Son is up about $2.7 billion from the $11.3 billion he began the year with, according to the Bloomberg Billionaires Index.

The summit will see around 300 industry leaders attend to «catalyse investment in the UK», the government said in a statement. Chancellor Rachel Reeves and business and trade secretary Jonathan Reynolds are expected to reiterate the Treasury's message that the UK is «open for business». Chancellor Reeves to make 'difficult choices' in a bid to fill £22bn fiscal hole According to the Treasury and the Department for Business and Trade, the summit will advocate for «advancing opportunities for investment and growth across the country» as «economic growth is the government's top priori...

In 2021-22, India received its highest foreign direct investment (FDI) inflow of $84 billion. Two years later, that number was down by nearly half to $44 billion. The reasons are both external and internal to India.

job creation, despite elevated cost pressures pushing up selling-price inflation to a seven-year high, a survey showed. The HSBC final India Services Purchasing Managers' Index, compiled by S&P Global, fell marginally to 60.3 in July from 60.5 in June and was considerably below a preliminary estimate of 61.1. However, the overall pace of expansion was sharp and the index remained above the 50-mark that separates contraction from expansion for the 36th straight month.

Sumant Sinha, chairman and managing director of Gurgaon-based ReNew, was recently appointed co-chair of the Switzerland-based Alliance of CEO Climate Leaders. This private sector collective has about 130 global chief executive officers from 26 countries representing 12 industries. Apart from ReNew, at an institutional level, there are eight other Indian companies that are part of this group.

Edited excerpts: Across our four business segments that are India multichannel, overseas business, Globalbees (brand aggregator) and preschools, it’s a $120 billion opportunity we are chasing. So having such a large market, there will be growth levers, and which we'll talk about separately, I'll just restrict myself to profitability right now. So, on profitability, India multichannel we grew our adjusted Ebitda profitability in FY22, we were at 5.9%, we made it to 6.2% in FY23, and now, FY24, we are at 8.8%.

Since last week, Algerian boxer Imane Khelif has been at the centre of a ‘gender row’. Khelif has had to face accusations that include her of ‘not being a woman’. Amit Chaudhary spoke with UK-based athlete rights advocate & executive director, Humans of Sport, Payoshni Mitra, who has been at the forefront of the fight against sex testing policies in sports to declutter the mess surrounding the issue. Excerpts: Your immediate thoughts when you heard about Khelif? My first reaction was, ‘Not again’. See, it's not about gender. There was no proper test. Everything is speculation. Sometimes misinformation is being shared by people in powerful positions. We really need to question all of that and see where this information is coming from, what’s fuelling this controversy? Is there any real basis to it? And with this one as well, there wasn't any complete medical assessment there.

Hamas's political leader in an attack blamed on Israel has prompted fears of a wider regional conflict and sidelined talks aimed at ending the nearly 10-month war in Gaza. Since Hamas's deadly October 7 attack on Israel sparked devastating retaliation in Gaza, Qatar has acted as an important interlocutor with the Palestinian militant group. The movement's slain political chief Ismail Haniyeh was based in the Gulf emirate.

Amara Raja Energy & Mobility (ARE&M) has posted about 26 per cent rise in consolidated net profit at Rs 249.12 crore for June quarter FY25. It had reported a net profit of Rs 198.31 crore for April-June period of 2023-24, the company said in an exchange filing on Saturday. Revenue from operations rose to Rs 3,263.05 crore from Rs 2,796.27 crore in the year-ago quarter.