WORLD
Purdue, Sackler family reach new $7.4 billion opioid accord
The deal comes after the US Supreme Court last year rejected a $6 billion pact that would have protected the Sacklers, Purdue’s owners, from any further litigation related to the addiction crisis
WORLD
Trump blasts EU regulators for targeting Apple, Google, Meta
The EU has established a reputation globally for its aggressive regulation of major technology companies
WORLD
CNN cuts 6% of jobs in strategy pivot to focus on streaming
Chief Executive Officer Mark Thompson told staff that Warner Bros. will invest $70 million to help support CNN’s pivot
WORLD
TikTok weighs non-sale options, ByteDance’s Ford says
The Chinese company is looking at options for the social media app that could involve a change of control locally to ensure it complies with US legislation
WORLD
Trump surprises Davos, alleges top US banks reject conservatives
The exchange occurred during a virtual question and answer session on the stage of the World Economic Forum in Davos, Switzerland, drawing gasps from the audience
MARKETS
US stocks rebound as oil slides after Trump’s remarks
A slide in oil, which tends to ease concerns about inflation, also helped push the policy-sensitive two-year yields down
WORLD
Trump urges lower oil prices, interest rate cuts at Davos
Trump also said he would demand an immediate drop in interest rates
WORLD
'Faster walks, less hanging out': This US study finds how urban pedestrians' behaviour has changed
Applying modern AI techniques to old video footage, researchers compared pedestrian activity in 1980 and 2010 across prominent locations in Boston, New York City and Philadelphia
TECHNOLOGY
Oracle takes run at cloud’s big three with Trump-backed AI pact
Oracle shares have performed like some of the tech giants that have driven the market’s gains for the past two years
BUSINESS
Indian insurers push for more hedging tools from regulator
The insurers have suggested permission to trade derivatives for products that have exposure to benchmark stock indexes as an initial step.
BUSINESS
BPCL struggles to get Russian crude for March amid stringent US sanctions
India’s second-biggest refiner has been relying on Russian barrels, which are at least $3 per barrel cheaper than dated Brent
BUSINESS
JLR owner Tata Motors says profits hurt by China’s economic slowdown
During the September quarter, wholesale volumes in China were down 38% on-year, compared to a 44% jump in the North American market and a 6% increase in Europe.
BUSINESS
Short Rupee on India growth slowdown, UBS Narain says
Indian stocks have lost almost $500 billion in market value in the past month, with MSCI Inc.’s index for the nation marking the worst start to a year since 2016. The rupee has fallen to successive record lows against the US dollar, the worst performance in Asia.
BUSINESS
India oil buyers pull all levers to replace Russian shipments
State-owned processors have issued a slew of spot tenders in recent weeks, snapping up oil from all corners of the world including Middle East, Africa and the US.
BUSINESS
Cathay Pacific to cut profit payout to staff by around 50%
Lam told staff the final figure will be confirmed later, but also cited the reduction is partly based on growth in employee numbers, meaning profit needs to be spread across a bigger workforce.
BUSINESS
RBI expected to transfer another bumper payout, analysts say
IDFC First Bank Ltd. estimates 2 trillion rupees ($23.1 billion) of transfer by the Reserve Bank of India while QuantEco Research pegs the dividend around 1.5 trillion rupees for the fiscal year that ends in March. The payout stood at 2.1 trillion rupees in the earlier year.
BUSINESS
Last year’s winners are losing big in India’s deepening selloff
India stock bulls point to a long-term growth story that is still intact. And valuations have cooled a little, with the recent correction bringing the Nifty 50’s valuation slightly below its five-year average of around 19 times forward estimated earnings.
WORLD
Asian stocks climb on China’s move to boost shares
China’s benchmark CSI 300 Index advanced as much as 1.8%, hitting its highest level in almost three weeks before paring some of its gains.
BUSINESS
PM Modi mulls lower tariffs, more imports to counter Trump’s threats
Indian officials are also considering a limited trade deal with the US under one of its scenarios, people familiar with the matter said.
BUSINESS
India widens approvals for Russian insurers after oil sanctions
Directorate General of Shipping authorized Soglasie Insurance Co. to provide insurance for vessels entering Indian ports until February 2026
BUSINESS
Indian Oil to rebalance crude buying after Russia sanctions
The US imposed its most aggressive sanctions on Russia yet on January 10
WORLD
US stocks on the brink of record as earnings roll in
Equities extended their gains for the year, with the S&P 500 hovering near 6,100
BUSINESS
Essar Group's Prashant Ruia sees lower battery prices boosting green plans
India is aiming to reach 500 gigawatts of clean power capacity by 2030 and affordable storage solutions for intermittent sources like solar and wind are crucial in a country that still gets nearly three-quarters of its electricity from coal.
BUSINESS
RBI’s dollar sales may net Modi government bumper dividend again
The likely bonanza comes at a crucial time as the government is trying to revive an economy weighed down by weak consumption, anemic private sector investments and moderating tax revenues.
