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China

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Group walks back claim of crackdown on 'zero-mileage' car sales
Group walks back claim of crackdown on 'zero-mileage' car sales

SHANGHAI, China: A leading Chinese automotive industry publication has walked back claims that regulators plan to ban the resale of...

U.S. reviews military cloud deals after China-linked tech report
U.S. reviews military cloud deals after China-linked tech report

SAN FRANCISCO, California: Microsoft announced July 18 it will no longer allow engineers based in China to provide technical assistance...

Exit ban on U.S. banker prompts Wells Fargo China travel freeze
Exit ban on U.S. banker prompts Wells Fargo China travel freeze

SAN FRANCISCO, California: Wells Fargo has suspended all employee travel to China after one of its senior bankers was barred from leaving...

Russia crosses ruble foreign trade threshold
Russia crosses ruble foreign trade threshold

The share of the currency has surpassed 50% in all trade regions for the first time, according to the central bank The share of the...

India and Maldives boost ties during Modi visit
India and Maldives boost ties during Modi visit

New Delhi has announced a $565 million credit line to the debt-ridden island nation India and the Maldives have agreed to boost bilateral...

Exercise Drone Prahaar: Indian Army demonstrates cutting-edge drone integration
Exercise Drone Prahaar: Indian Army demonstrates cutting-edge drone integration

New Delhi [India], July 25 (ANI): Lieutenant General Abhijeet S Pendharkar, AVSM, YSM, General Officer Commanding Spear Corps, observed...

Business

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Amazon expands into AI wearables with Bee acquisition
Amazon expands into AI wearables with Bee acquisition

SAN FRANCISCO, California: Amazon is making a fresh bet on artificial intelligence wearables by acquiring Bee, a San Francisco-based...

Japan auto tariff cut boosts shares; Seoul eyes similar deal
Japan auto tariff cut boosts shares; Seoul eyes similar deal

TOKYO/SEOUL: Japanese and South Korean automaker stocks rallied sharply on July 23 following news of a new U.S. trade agreement with...

Wall Street ends divided Thursday, Dow takes big hit
Wall Street ends divided Thursday, Dow takes big hit

NEW YORK, New York - U.S. stocks were on the defensive Thursday. The Dow Jones index corrected its recent hefty gains, finishing with...

Survey shows credit access improved for auto loans, mortgages
Survey shows credit access improved for auto loans, mortgages

NEW YORK CITY, New York: U.S. consumers found it easier to secure auto loans and refinance mortgages in June, according to new data...

Kraft Heinz may spin off brands like Velveeta in $20 billion revamp
Kraft Heinz may spin off brands like Velveeta in $20 billion revamp

NEW YORK CITY, New York: Kraft Heinz is weighing a major corporate shake-up that could unravel its 2015 mega-merger, as the food giant...

Costco plans Hyderabad tech hub, to hire 1,000 employees
Costco plans Hyderabad tech hub, to hire 1,000 employees

HYDERABAD/BENGALURU: Costco is making its first major tech footprint in India, joining a wave of global retailers turning to the country...