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Economy News

Skymet, IMD’s ‘above normal’ monsoon predictions for 2024 bodes well for inflation, says CRISIL

“This prediction bodes well for inflation since sticky food inflation has been a bane for the past two fiscals. After the sub-par growth in agriculture GVA in fiscal 2024, normal

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Commodities News

Russia and China trade new copper disguised as scrap to skirt taxes, sanctions

(Reuters) – Russian Copper Company (RCC) and Chinese firms have avoided taxes and skirted the impact of Western sanctions by trading in new copper wire rod disguised as scrap, three sources familiar

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Commodities News

US State Dept expects to finalize AUKUS trade exemptions in next 120 days

By David Brunnstrom WASHINGTON (Reuters) -The U.S. State Department said on Friday it expects to finalize trade exemptions for the AUKUS defense project with Australia and Britain in the next

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Commodities News

China’s March germanium, gallium exports yet to recover year-ago level

BEIJING (Reuters) – China’s exports of gallium and germanium products in March declined from year-ago levels, customs data showed on Saturday, underlining the impact of export controls in place since

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News Stock Market

OpenAI bids for Japan business as it opens Tokyo office

By Sam Nussey TOKYO (Reuters) -Microsoft backed artificial intelligence startup OpenAI made a pitch for business in Japan on Monday as it opened its first Asia office in Tokyo. “This

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News Stock Market

Spanish drug maker Grifols will bring in independent directors, chairman tells newspaper

MADRID (Reuters) -Spanish drug maker Grifols, battling a plunge in its share price this year, plans to add independent directors to its audit and compensation committees to improve its governance,

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News Stock Market

Apple loses top phonemaker spot to Samsung as iPhone shipments drop, IDC says

(Reuters) – Apple (NASDAQ:AAPL)’s smartphone shipments dropped about 10% in the first quarter of 2024, hurt by intensifying competition by Android smartphone makers aiming for the top spot, data from

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News Technology

Apple loses top phonemaker spot to Samsung as iPhone shipments drop, IDC says

Apple’s smartphone shipments dropped about 10% in the first quarter of 2024, losing the top phonemaker spot to Samsung due to competition from Android brands and challenges in China. Apple’s

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News Technology

Spotify testing new TikTok inspired remix feature

Spotify seems to be working on new music editing features that would allow users to remix their favourite songs as part of a new paid tier called ‘Music Pro’. Spotify,

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News Technology

Apple denies violating US court order in Epic Games lawsuit

Apple denies violating a court order requiring them to allow developers to inform users of alternative payment methods within apps. Epic Games argues Apple’s 27% fee on in-app purchases makes

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