On Friday, the Reserve Bank of India (RBI) decided to maintain its key interest rate at 6.50%, matching both previous and market expectations. This decision […]
Category: World
South Korean President Yoon Declares Martial Law Amid Political Tensions and Allegations of Authoritarianism
South Korean President Yoon Suk Yeol has declared emergency martial law, marking a significant shift in the country’s political landscape, the first such move since […]
Intel CEO Pat Gelsinger Retires as Company Struggles to Compete with Rivals; Interim Co-CEOs Appointed
Intel announced on Monday that CEO Pat Gelsinger has retired, effective December 1. The company is facing challenges in catching up with competitors like TSMC […]
Super Micro Computer’s Special Committee Clears Management, Finds No Evidence of Fraud or Misconduct
Super Micro Computer, Inc. Update: Special Committee Review Findings 1. Background: Super Micro Computer formed an independent Special Committee to review concerns raised by Ernst […]
India’s 3Q GDP Slows to 5.4%, Below JP Morgan’s 6.4% Estimate; Growth Outlook Revised to 6.4%
India’s GDP growth for the July-September quarter slowed to 5.4% year-on-year, the lowest in seven quarters. This was below expectations, with J.P. Morgan predicting 6.4% […]
U.S. Shoppers Spend $10.8 Billion Online on Black Friday, Marking 10.2% Growth
On Black Friday, U.S. shoppers spent about $10.8 billion online, using devices like mobile phones, laptops, desktops, and others, according to Adobe Analytics’ updated report. […]
U.S. Finalizes $7.86 Billion Subsidy for Intel to Boost Domestic Semiconductor Production
The U.S. Commerce Department is finalizing a $7.86 billion government subsidy for Intel, down from the original $8.5 billion announced earlier this year. This reduction […]
Adani Group Faces Global Setbacks Amid Bribery Allegations: $33B Market Hit, Scrapped Deals in Kenya, Sri Lanka, and Beyond
Gautam Adani’s global ambitions have taken a significant hit following U.S. federal prosecutors’ indictment of the billionaire, his nephew Sagar Adani, and associates in a […]
US Government Clears Adani Group of Fraud Allegations, Approves $553 Million Loan for Sri Lanka Port Project: Bloomberg
The US government recently granted a substantial loan of up to $553 million to the Adani Group for a container terminal project in Sri Lanka. […]
Gautam Adani, Sagar Adani Summoned by U.S. SEC in US Bribery Case, Given 21 Days to Respond
Indian billionaire Gautam Adani and his nephew, Sagar Adani, have been summoned by the US Securities and Exchange Commission (SEC) to address allegations of paying […]
Japan Unveils $140B Stimulus Package to Boost Consumer Spending
The Japanese government approved a $140-billion stimulus package on Friday, aiming to boost consumer spending, according to officials. The package, valued at 21.9 trillion yen […]
S&P Global Downgrades Outlook on Adani Group Entities Amid Bribery Allegations
S&P Global Ratings has downgraded the outlook for key Adani Group companies—Adani Ports and SEZ Ltd, Adani Green Energy Ltd (AGEL RG2), and Adani Electricity […]