International Financial News

BEIJING — Chinese smartphone company Xiaomi announced Tuesday it would formally launch its long-awaited electric car on March 28.

National Bank of Canada is exploring options including a sale of ABA Bank, which could be valued at more than US$2 billion in a deal, according to people familiar with the matter.

₹5 cut (on petrol and diesel) dealers in rural India would lose about ₹1-1.5 lakh, and those in tier-III cities would lose about ₹5-7 lakh. In the case of tier-II cities, the losses may be in the range of ₹10-15 lakh per pump, and for dealers in metro cities it may well be around ₹25-30 lakh." He said stocks and capacity vary depending on the region and the demand in that specific area. "There is a public demand for a cut in fuel prices as it was believed that they would be reduced if prices slip below $80 per barrel.

air passenger market by 2030, after China and the US, as per the International Air Transport Association (IATA). The aviation market, estimated at $13.5 billion in 2024, is projected to reach $23.2 billion by 2029, implying a compounded annual growth rate (CAGR) of 11.4% during 2024-2029. No nation in the world is buying as many aeroplanes as India.

cryptocurrency worldwide has similarly impacted Indians as well. According to Nasscom, cryptocurrency investors have witnessed a significant 1,100% growth between 2022 and 2023. This remarkable transformation is evidence of heightened interest in the sphere by the Indian populace, but it comes with a critical question — should individuals who were not part of the recent cryptocurrency growth contemplate investing in cryptocurrencies? Potential investors must research the potential advantages and disadvantages associated with cryptocurrency investment before deciding to jump into it. Some of these assets intrigue the investors based on the developers’ mission statement, whereas alternative investors favour postulating over price action and volatility of their preferred digital assets. Investing in cryptocurrencies is often intricate, but all of these assets are highly dissimilar in nature. Beginners must always be prepared to lose their capital, which can be avoided with appropriate prior analysis and due diligence.

A federal judge in Texas has blocked a new rule by the National Labor Relations Board that would have made it easier for millions of workers to form unions at big companies

The Body Shop has ceased its U.S. operations and is closing dozens of locations in Canada amid deepening financial struggles for the British beauty and cosmetics chain

Heat pumps that fit in an apartment window could make a big impact in reducing greenhouse gas emissions that contribute to climate change

Sales growth of electric vehicles in the U.S. has started to slow, and polls show it’s due in part to anxiety over running out of battery power and too few charging stations

The U.S. commerce secretary says Washington is constantly assessing the need to expand export controls to stop China from acquiring advanced computer chips and manufacturing equipment that can be used to boost its military

Japan is marking 13 years since a massive earthquake and tsunami hit the country’s northern coasts, killing nearly 20,000 people, wiping out whole towns and destroying the Fukushima Daiichi nuclear power plant

Choice Hotels is abandoning its hostile $8 billion takeover bid for Wyndham Hotels & Resorts

National Investigation Agency (NIA) has conducted searches at 30 locations across Punjab, Haryana, Rajasthan, Madhya Pradesh, and Chandigarh in connection with its ongoing probe into a terrorist-gangster nexus case. The raids, which began on Tuesday morning, involved multiple NIA teams working closely with state police forces. Extensive Search Operation The searches were carried out at the premises of suspects linked to the case based on specific inputs gathered during earlier interrogations of accused individuals. The NIA stated, «NIA is carrying out extensive searches at 30 locations across 4 States of Punjab, Haryana, Rajasthan, Madhya Pradesh and UT of Chandigarh in Terrorist-Gangster nexus case.»

Royal Sense opened for subscription today and will close on March 14. The company aims to raise about Rs 10 crore through the SME IPO and list the shares on BSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

Bosch Ltd.(up 0.74 per cent), Eicher Motors Ltd.(up 0.72 per cent), Samvardhana Motherson International Ltd.(up 0.65 per cent), Balkrishna Industries Ltd.(up 0.43 per cent) and Hero MotoCorp Ltd.(up 0.37 per cent) were among the top gainers.

The INDIA grouping took a fresh blow over the weekend as West Bengal’s ruling Trinamool Congress (TMC) left the Congress party in the cold on pre-poll seat sharing, announcing its own candidates for all 42 seats up for contest in the state in the upcoming Lok Sabha elections. This amounts to fresh evidence of deep internal differences within the group that have all along clouded its prospects of putting up a credible joint front against the Bharatiya Janata Party (BJP), which rules the country at the Centre. Earlier, the opposition Aam Aadmi Party (AAP) had said it would go solo in Punjab, although it did strike a seat-sharing pact with the Congress in Delhi.

Barrons Roundtable discusses the price of oil and the demand for natural gas.

Classroom of the Elite Season 3 narrative intensifies, Episode 11 promises to be a gripping continuation, with Hirotaka's past laid bare and Katsuragi's betrayal creating ripples of anticipation. The exploitation of Katsuragi's duplicity by Kiyotaka and Suzune adds another layer of complexity to the storyline. Here's your guide to the upcoming episode, covering release details, streaming information, expected plot developments, and a recap of Episode 10.

By David Lawder

Spanish champions Barcelona this season but the emergence of teenage starlet Lamine Yamal is the clearest. The 16-year-old winger could prove crucial in the Champions League last 16 second-leg clash with Napoli on Tuesday at the club's temporary Olympic Stadium home. Yamal became the youngest player ever to feature in the Champions League knock-out stages as he impressed in the 1-1 first-leg draw in the south of Italy.

Bharti Airtel's managing director Gopal Vittal has called on the telco's 19,000-odd employees, including senior executives, across India to cancel all business meetings on Tuesday and spend the entire day on the field with customers to get a fix on service challenges they face, even as the Sunil Mittal-led telco readies to launch 5G services nationally by the month-end. The exercise is part of a national brand-building drive to position Airtel as a customer-obsessed telco that is keen on eliciting direct market feedback from its target audience on the state of its 2G, 4G and 5G mobile operations as well as home broadband services. «These interactions will help us understand customer needs on a deeper level. Tomorrow (March 12) is also an opportunity for you to discover first-hand what challenges our frontline staff face and how they serve customers,» Vittal wrote in an internal email communication to all Airtel employees Monday. ET has seen a copy of the Airtel MD's letter.