BUSINESS
Vistara Plans New Routes After Inaugural Hong Kong Flight
The full-service carrier will deploy new aircraft that are pending delivery for mostly international routes, Kannan said at an event to mark the introduction of Vistara’s daily Delhi-Hong Kong service Monday.
WORLD
Halloween Candy Costs Are Surging This Year
Poor weather from West Africa to India has spurred shortages of the two crops, which are key ingredients for chocolate and candy makers.
WORLD
Apple Looks to Capitalize on Computer Sales Comeback With New Macs
The company will hold an online event at 5 p.m. California time — dubbed “Scary Fast” — where it’s poised to announce a new iMac and updates to its high-end MacBook Pro. Apple also is slated to unveil the next generation of its computer chip, the M3.
BUSINESS
Crypto Unicorn expects India to lower tax that crushed trading
CoinDCX, like other Indian digital-asset exchanges, is seeking to diversify revenue streams by looking abroad or expanding into different projects.
BUSINESS
India, UK see trade deal possibly in December after poll results
India and the UK don’t expect a free trade agreement to be announced until after state elections in the South Asian nation are completed in December, according to people with knowledge of the matter.
BUSINESS
Saudi Arabia seeks trade deals, mulls BRICS offer to lift exports
Saudi Arabia is lining up more free trade deals as it pursues a plan to diversify the $1.1 trillion economy to reduce its dependence on oil.
WORLD
Elon Musk’s X looks little like the Twitter he bought a year ago
The main plank of Musk’s plan for Twitter (now called X) was to shift away from advertising and toward paid subscriptions. A new analysis from independent researcher Travis Brown estimates that 950,000 to 1.2 million people now pay for X’s $8 monthly premium service.
WORLD
Elon Musk tells X staff new products will challenge YouTube, LinkedIn
Owner Elon Musk and Chief Executive Officer Linda Yaccarino called out the two sites during an all-company meeting Thursday to commemorate one year since Musk’s takeover of Twitter Inc., according to a person familiar with the matter.
WORLD
El Salvador slaps a $1,000 tax on travellers from India and Africa
People traveling on passports from India or any one of more than 50 African nations will be obliged to pay the fee, El Salvador’s port authority said in a statement on its website dated Oct. 20.
BUSINESS
Adani seeking to raise $4 billion to fund green hydrogen plans
Adani New Industries Ltd., a wholly owned subsidiary of flagship company Adani Enterprises Ltd., will take the lead raising the money from domestic and international banks and is in early-stage talks with several lenders, the people said, asking not to be identified because the details are private.
WORLD
Israel taps blacklisted Pegasus maker to track hostages in Gaza
NSO Group and Candiru, both of which are blacklisted by the United States, are being asked to quickly upgrade their spyware capabilities to meet needs laid out by the country’s security forces
BUSINESS
J&J faces 18 talc cancer trials, prompting it again to weigh bankruptcy
Since 2016, Johnson & Johnson has been hit with at least $570 million in damage awards over talc-related cancer claims and paid out at least $2.5 billion in settlements
TRENDS
How to maximize your odds for a hotel upgrade
At hotels with few suites, an upgrade might mean a better view or a room on a higher floor. In others, bumping room categories could range from gaining a few square feet to acquiring additional bedrooms
WORLD
Tech investors don’t believe the digital ad recovery is real yet
Meta Platforms Inc., Snap Inc. and Alphabet Inc. reported generally upbeat results this week, all showing that ad spending is growing compared with a year ago.
WORLD
Unilever rules out big M&A as new CEO sets out his strategy
The new CEO said he’ll only consider small acquisitions and vowed to increase gross margin and deliver shareholder returns in the top third of its peer group. Previous CEO Alan Jope was criticized for a failed effort to buy GSK Plc’s former consumer health business.
BUSINESS
Options traders see RBI grip on Rupee lasting for rest of 2023
Data show traders are betting on the currency weakening less than 1% by end-December, with open interest on contracts expiring in the coming months clustered mostly around the 83 and 84 per dollar levels. The rupee was little changed at 83.18 Wednesday.
WORLD
Google, Nvidia back AI startup that helps combat chip shortage
CentML, which builds software to help machine learning systems work more efficiently, raised $27 million from investors including Google’s Gradient Ventures and Radical Ventures.
BUSINESS
Adani auditor EY faces accounting regulator inquiry
The regulator has requested files and communications related to its audits on some of the companies controlled by billionaire Gautam Adani going as far back as 2014, the people said.
WORLD
China signals zero tolerance for sharp economic slowdown with rare steps
The government increased its headline deficit on Tuesday to the largest in three decades and unveiled a sovereign debt package that marked a shift from its traditional growth model.
WORLD
China stimulus to make ‘big impact,’ ex-PBOC official says
The stimulus will propel growth in sectors the government favors, such as advanced manufacturing and renewable energy, while ensuring debt levels won’t increase dramatically, he said in an interview with Bloomberg TV on Tuesday evening New York time.
WORLD
Jamie Dimon criticizes central banks for getting forecasts wrong
Speaking on a panel at the Future Investment Initiative summit in Riyadh, Saudi Arabia, Dimon voiced doubts that central banks and governments around the world could manage the economic fallout from rising inflation and slowing global growth.
WORLD
Decathlon weighs minority stake sale in $1 billion China business
The firm is working with an adviser on a potential stake sale that could give the China unit a valuation of at least $1 billion, the people said, asking not to be identified discussing information that is private.
WORLD
Record-breaking weather in 2023 shows impact of climate change
One of the strangest things in this year’s report was just how hot 2023 has been. Before 2000, for example, global average daily temperature never went higher than 1.5C (2.7F) above pre-industrial levels.
WORLD
AI backlash may bring social unrest to UK, Infosys boss says
Martin Weis, managing partner and global co-lead for AI at Infosys Consulting, said about 30% of the hours people put in on the job in places like the US and Britain could be done by technology by 2030.
