US debt ceiling: Negotiators agree a deal in principle, McCarthy says

BBC BUSINESS - 2 hours 8 min ago .
The White House and the Republicans are now ironing out details of a bill to avert a massive default.
News Category: WORLD ECONOMY

Biden, House Republican Leaders Strike Deal 'in Principle' to Raise U.S. Debt Limit

WALL STREET JOURNAL U.S. BUSINESS - 2 hours 47 min ago .
Republicans and Democrats will now race to pass the agreement to raise the nation’s $31.4 trillion borrowing limit for two years through both chambers of Congress, with a House vote expected next week.
News Category: WORLD ECONOMY

Saudi Arabia in talks to join China-based ‘Brics bank’

GLOBAL ECONOMY - 3 hours 36 min ago .
Multilateral lender founded as competitor to west has struggled to raise funds because of Russia exposure
News Category: WORLD ECONOMY

Don't insist on phone numbers, govt tells retailers

TIMES OF INDIA BUSINESS - 3 hours 53 min ago .
In a letter addressed to the Retailers Association of India and five other major industry entities - CII, FICCI, CAIT, Assocham and PHD Chamber of Commerce - Union consumer affairs secretary Rohit Kumar Singh has said insisting on mobile number during the sale of a product as a prerequisite mandatory condition, even when a consumer opts not to provide the same, is a violation of their rights and constitutes unfair trade practice under the Act.
News Category: WORLD ECONOMY

Passengers of Air India's Pune flight reach Delhi after 24 hours

TIMES OF INDIA BUSINESS - 4 hours 33 min ago .
The Air India flight (AI-850) was supposed to take off from Pune at 6.50pm and land in Delhi by 9.05pm. Muqaddas Ansari, a flyer who reached Delhi around 6pm on Friday, said, "The flight took off on time, but all went haywire while approaching Delhi. The captain of the flight announced that they would not be able to land due to weather issues and the flight would be diverted to Jaipur."
News Category: WORLD ECONOMY

Bank guarantee for making 120 Vande trains yet to be submitted

TIMES OF INDIA BUSINESS - 4 hours 35 min ago .
Sources said there is a tussle between the partners over the share holding in the joint venture of these two firms. This is the main reason behind the TMH not yet depositing the mandatory BG and this would attract penalty charges for the Russian company, they added.
News Category: WORLD ECONOMY

Sun Pharma to acquire Taro's 100% stake in all-cash

TIMES OF INDIA BUSINESS - 5 hours 22 sec ago .
In the all cash deal, Sun Pharma will acquire the shares at a price of US $38 per ordinary share, which will be payable in full at the close of the proposed transaction, the company said in a BSE filing on Saturday. At present, Sun holds 78.48% stake in Taro.
News Category: WORLD ECONOMY

Beverly Hills Voters Stymie LVMH Plans to Expand U.S. Hotel Business

WALL STREET JOURNAL U.S. BUSINESS - Sat, 05/27/2023 - 19:53 .
The majority of votes counted in this week’s referendum were against plans by LVMH’s Cheval Blanc brand to build its first hotel in the U.S.
News Category: WORLD ECONOMY

Higher tax outgo pulls Aurobindo's Q4 net profit down 12%

TIMES OF INDIA BUSINESS - Sat, 05/27/2023 - 19:03 .
Impacted by higher tax outgo, pharma major Aurobindo Pharma’s posted a 12% drop in consolidated net profit for the fourth quarter ended March 31, 2023, at Rs 506 crore as compared to Rs 576 crore in the corresponding quarter of financial year 2021-22.
News Category: WORLD ECONOMY

The New Rules for Business Travel to China

WALL STREET JOURNAL U.S. BUSINESS - Sat, 05/27/2023 - 16:30 .
From burner phones to inquisitive border agents, the WSJ has consulted experts on the do’s and don’ts in an era of heightened tensions.
News Category: WORLD ECONOMY

Twitter pulls out of voluntary EU disinformation code

BBC BUSINESS - Sat, 05/27/2023 - 16:26 .
"You can run but you can't hide," commissioner Thierry Breton warns Twitter over upcoming rules.
News Category: WORLD ECONOMY

When Is the Best Time to Ask for a Customer Review?

WALL STREET JOURNAL U.S. BUSINESS - Sat, 05/27/2023 - 16:00 .
New research reveals how long to wait to deliver a digital nudge that just might elicit a positive critique
News Category: WORLD ECONOMY

Musk Turns His Attention to 2024 White House Race

WALL STREET JOURNAL U.S. BUSINESS - Sat, 05/27/2023 - 12:17 .
The billionaire wants Twitter to be the home to presidential hopefuls, but Ron DeSantis’s glitch-plagued campaign launch raises questions.
News Category: WORLD ECONOMY

Combative Consumers Change the Marketing Strategy for Target and Bud Light

WALL STREET JOURNAL U.S. BUSINESS - Sat, 05/27/2023 - 12:00 .
Many brands have long shrugged off criticism of their stands on social issues, but Target and Bud Light just proved that even huge corporations can be made to bend. 
News Category: WORLD ECONOMY

Wealth manager St James’s Place kicks off hunt for new chief

SKY NEWS ECONOMY - Sat, 05/27/2023 - 11:27 .
The executive who presided over a bitter "cruises and cufflinks" row at one of Britain’s biggest wealth managers is preparing to step down.
News Category: WORLD ECONOMY

China cracks down on over 1 million social media posts, accounts

TIMES OF INDIA BUSINESS - Sat, 05/27/2023 - 10:49 .
China's recent efforts to moderate malicious online content has resulted in action taken against over 1 million social media posts and accounts. The crackdown, which began in March, prompted the permanent ban of 66,000 accounts and the censure of 928,000 others, along with the handling of 1.41 million online posts.
News Category: WORLD ECONOMY

Racist slur used by Post Office in Horizon scandal

SKY NEWS ECONOMY - Sat, 05/27/2023 - 07:33 .
Black Post Office workers who were falsely accused in the Horizon scandal were classified using a racial slur, according to documents obtained by campaigners.
News Category: WORLD ECONOMY

US and China hold more trade talks despite continuing tensions

GLOBAL ECONOMY - Sat, 05/27/2023 - 06:12 .
US Trade Representative and Chinese commerce minister discuss concerns on sidelines of Apec meeting
News Category: WORLD ECONOMY

Alo Yoga Is Beating Lululemon at Its Own Game

WALL STREET JOURNAL U.S. BUSINESS - Sat, 05/27/2023 - 06:01 .
Models, pop superstars and all-star athletes wear its sleek workout clothes, paying homage in “sanctuaries.” How the Alo faithful took on Nike and Lululemon.
News Category: WORLD ECONOMY

A Chinese Alternative to Bloomberg Terminals Quietly Limits Information Overseas

WALL STREET JOURNAL U.S. BUSINESS - Sat, 05/27/2023 - 06:01 .
E-commerce shopping trends and satellite images are no longer available to foreign users of Wind, clouding their view of the world’s second-largest economy.
News Category: WORLD ECONOMY