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Delhi gold loses Rs 800 while silver falls Rs 5,000

NEW DELHI: Gold prices fell for the second straight session, declining Rs 800 to Rs 1.

India extends micro-credit guarantee plan for five years

"" NEW DELHI: The Union Cabinet on Wednesday approved the continuation of the Credit Guarantee Fund for Micro Units (CGFMU) for five years up to March 2031, a move that will facilitate loans of Rs 12.

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World's richest 1% gained $40 tn in a decade: Oxfam

The world's richest one percent increased their fortunes by a total of $42 trillion over the past decade, Oxfam said Thursday, ahead of a G20 summit in Brazil where taxing the super-rich tops the agenda.

Ford profits tumble on higher costs, hitting shares

Ford shares tumbled Wednesday after the automaker reported lower than expected profits on higher costs connected to product launches and warranty repairs for older model vehicles.

Bank of Canada lowers key lending rate to 4.5%

Canada's central bank on Wednesday lowered its key lending rate to 4.5 percent, saying the second straight cut of 25 basis points was warranted due to slowing inflation.

Disneyland strike averted as unions agree tentative deal

Unions representing Disneyland theme park employees in California reached a tentative deal with the company on Wednesday, averting a major strike at the "happiest place on Earth."

With no money or fuel, Cuban fishermen improvise on floating rafts

Small white squares dot the ocean off Havana, an unlikely fleet of fishermen bobbing on makeshift polystyrene rafts they use to make up for a lack of fuel or money to buy a proper boat.

Gucci-owner Kering alerts on profits as earnings tumble

Luxury group Kering said Wednesday that its half-year net profit fell by half and warned operating earnings for the second half of the year would be down around 30 percent.

US new home sales dip in June, missing estimates

The sales rate of new family homes in the United States dipped in June, missing analyst estimates amid still elevated interest rates, according to government data released Wednesday.

Burned TV station showcases anger at Bangladesh PM

Torn portraits of Bangladesh's independence hero litter a ransacked state television station -- a pointed expression of public fury against his daughter, who just witnessed the worst unrest of her premiership.

Olympic partner Coca-Cola chided over French taxes

The French tax authorities have claimed Olympics sponsor Coca-Cola owes it millions of euros, documents showed Wednesday, in the latest such allegation just days before the Summer Games kick off.

Chelsea's Maresca expects no problems with Fernandez after race row

New Chelsea manager Enzo Maresca said Wednesday that he did not expect "any problems at all" when Argentina's Enzo Fernandez rejoins the squad ahead of the start of the Premier League season.

Council of Europe urges Jersey to up anti-money laundering efforts

The pan-European rights body Council of Europe called Wednesday on Jersey to enhance its implementation of anti-money laundering measures as it recognised the island’s strengthened legal framework.

War, economic chaos defied drive to end hunger in 2023: UN

Conflict, economic turbulence and extreme weather scuppered efforts to curb hunger last year, with around nine percent of the world's population affected, UN agencies said on Wednesday.

Natural forest regrowth can be better than planting trees: study

Countries have pledged to plant billions of trees to tackle climate change, but half the time letting forests regenerate naturally would be a better option, a major study said Wednesday.

Ferrari to accept crypto-payments in Europe

Italian luxury carmaker Ferrari said Wednesday its European dealers will start accepting cryptocurrency, following a similar move in the United States.

UK's Starmer faces first grilling from MPs after early rebellion

Keir Starmer faces his first House of Commons grilling as UK prime minister on Wednesday, after suspending seven of his own Labour MPs for rebelling over a controversial welfare policy.

Right-wing 'Schnitzel bonus' rewards 'traditional' Austrian eateries

Staples of Austrian cooking such as schnitzel, roast pork lung and boiled beef have proved particularly vital for Gasthaus Stich, a restaurant in the village of Pfoesing.

Prayers for Vance in wife's ancestral Indian village

Every day in a simple temple in an Indian village, Hindu priest Subhramanya Sharma prays to his god for JD Vance to become vice-president of the United States.

Lula rallies G20 countries against world hunger ahead of meeting

Brazil's President Luiz Inacio Lula da Silva on Wednesday will launch a new initiative against world hunger ahead of an upcoming G20 meeting in Rio de Janeiro.

Cloud and AI lift Google-parent quarterly profit

Google-parent Alphabet on Tuesday reported profit and revenue that beat expectations as its AI-amped cloud and search ads businesses thrived.

Tesla reports profit drop on price cuts, lower vehicle sales

Tesla reported a hefty drop in second-quarter profits Tuesday due to the effect of price cuts while spending aggressively on artificial intelligence and other technology.

Cloud and search lift Google-parent quarterly profit

Google-parent Alphabet on Tuesday reported profit and revenue that beat expectations as its cloud and search ads businesses thrived.

Global stocks mostly lower ahead of major tech earnings results

Global stock markets closed mostly lower Tuesday ahead of key company earnings, following a strong start to a week dominated by the spellbinding US presidential race.

Coca-Cola lifts full-year forecast after profits top estimates

Coca-Cola raised some of its full-year financial projections Tuesday as it reported better-than-expected profits, pointing to a lift from premium products that countered weakness in some markets.

French luxury giant LVMH half-year net profit drops 14%

The world's largest luxury group, LVMH, said Tuesday its half-year net profit slid 14 percent amid an uncertain geopolitical and economic environment.

Strong US sales boost GM results as it slows some EV plans

General Motors reported higher profits Tuesday behind another round of strong North American auto sales, with executives vowing a flexible approach to electric vehicle (EV) investment while demand growth ebbs.

Stocks diverge as earnings in focus after US election drama

Global stock markets diverged Tuesday as the focus turned to tech company earnings following a strong start to a week dominated by the spellbinding US presidential race.

'Assassin's Creed' makers defend 'creative liberties' in black samurai row

The makers of "Assassin's Creed" defended their "creative liberties" on Tuesday after nearly 100,000 people signed a petition launched in Japan against the introduction of a new black samurai character.

L'Occitane to exit Hong Kong stock exchange

French luxury beauty products firm L'Occitane said Tuesday its shares would be removed from the Hong Kong stock exchange after a public offer had received sufficient support.

June US home sales slower than expected, prices hit fresh high

US existing home sales dropped more than expected in June, according to industry data released Tuesday, while the median price hit a new high.

Ireland's Aer Lingus settles pilot pay row

A long-running row over pay between Irish airline Aer Lingus and pilots that led to hundreds of flight cancellations was settled Tuesday after pilots accepted an 18-percent wage hike.

BBC to axe 500 more jobs in bid to be 'more agile'

The BBC is to axe 500 jobs over the next 20 months in a bid to save £200 million ($258 million) and become a "leaner, more agile organisation," the British public service broadcaster announced Tuesday.

Spotify adds paid subscribers, beating estimates

Swedish music streaming giant Spotify said Tuesday that it added seven million paid subscribers in the second quarter, beating forecasts after it raised prices.

Portugal Colonial - Economy (English)