INDIA
Indian refiners see Moscow finding path around latest oil curbs
The global oil market has been thrown into turmoil in recent days — with Brent crude hitting the highest level in five months — as the outgoing Biden administration announced its boldest package of sanctions yet against Russia’s oil industry.
BUSINESS
Apollo Global Management said to weigh Tenneco India IPO at $2-bn valuation
Tenneco designs, makes and sells automotive products for original equipment and aftermarket customers
WORLD
Starbucks limits use of cafes, bathrooms to paying customers
The company issued a new code of conduct as part of its plan to make stores more welcoming and win back consumers, Starbucks said in an emailed statement.
BUSINESS
Dollar falls on report Trump team is mulling gradual tariffs
The Bloomberg Dollar Spot Index dropped as much as 0.4% in early Asia trading Tuesday, after a report showed Trump’s economic advisors are discussing a slow and steady approach to tariffs, rather than a large one-time increase.
BUSINESS
China discusses sale of TikTok US to Musk as one possible option
It’s unclear if US TikTok would be sold off in a competitive process, or if a sale would be arranged by the government.
BUSINESS
Spain seeks to set 100% tax on non-EU citizens buying houses
Late last year, the Bank of Spain estimated that the country would need some 550,000 new residences to be built to meet demand over the next two years.
WORLD
New Mountain nears deal to acquire Access Healthcare
The US-based private equity firm could announce a deal as soon as the coming weeks, the people said, asking not to be identified discussing confidential information.
TECHNOLOGY
iPhone global sales drop 5% in holiday quarter after Apple's AI disappoints
The iPhone slipped a point to 18% worldwide market share in 2024, according to Counterpoint Research data
TECHNOLOGY
Microsoft says recent hire Parikh will oversee new AI engineering group
Microsoft has been overhauling its entire product lineup around artificial intelligence and needs to manage complex infrastructure projects that can help it wring greater power and efficiency from its networks
TECHNOLOGY
White House unveils new curbs on exporting Nvidia AI chips
The rules, which are set to take effect in one year, establish caps on the amount of computing power that can be sold to most countries
BUSINESS
Bank of India seeks first dollar loan in more than a decade
The lender is raising the loan — split into three- and five-year tranches — via its branch located in Gujarat International Finance Tec-City
WORLD
China exports more to Vietnam than Japan for first time as supply chains shift
China’s exports to Vietnam in 2024 rose almost 18% to a record $162 billion, according to data released by China’s customs administration on Monday
BUSINESS
Asian stocks drop, oil rises on Russia sanctions
China’s economic numbers will offer investors further evidence of the challenges facing the world’s second largest economy.
BUSINESS
Italy’s steelmaker gets offers from Baku Steel, Jindal, Bedrock
Italy’s Industry Minister Adolfo Urso said the interest 'confirms we are on the right track to relaunch' Italy’s steel sector. 'This is the decisive phase,'
WORLD
This country has beaten Egypt, known for pyramids, as Africa's top tourist destination
In 2024, the country received a total of 17.4 million visitors, according to its ministry of tourism
BUSINESS
India, China refiners seek alternatives on concerns over fresh Russia oil sanctions
This week, two Indian state refiners bought up to 6 million barrels of Oman and Abu Dhabi’s Murban crude for prompt loading in February
WORLD
Trump tariff fears pushing global rates higher, IMF chief says
Uncertainty about the incoming administration’s trade policies is adding to worldwide economic headwinds, Kristalina Georgieva
WORLD
Zuckerberg says most companies need more ‘masculine energy’
The Friday episode marked Zuckerberg’s second appearance on The Joe Rogan Experience
TECHNOLOGY
Apple CEO pay rises 18%; company opposes anti-diversity measure
Cook’s compensation grew to $74.6 million in 2024, compared with $63.2 million the prior year, Apple said in its annual proxy filing on Friday
WORLD
Carney poised to enter race to replace Trudeau as Canada’s prime minister
Carney is preparing an announcement for late next week now that the party has set out the rules of the contest
WORLD
OpenAI, Meta, Uber CEOs to attend Trump inauguration events
The prospect of a second Trump term has raised a new set of uncertainties for the rapidly evolving AI market and the wider tech industry
WORLD
S&P 500 hit in worst day since ‘post-Fed tantrum’
A 1.5% slide in the S&P 500 Friday wiped out its advance in the nascent year
BUSINESS
Rupee may fall past 90 per dollar as RBI ditches quasi-peg, research says
A bigger depreciation of around 10%, taking the rupee to 95 is “not out of the question,” analysts Udith Sikand and Tom Miller wrote in a note.
WORLD
Prada could be weighing purchase of Versace: Report
The luxury house is working with adviser Citi to decide whether to pursue a deal, Sole said, citing market speculation
