BUSINESS
Subdued US job growth expected in advance of Fed meeting
Labor demand has gradually diminished as companies search for ways to offset other costs, including higher import duties.
BUSINESS
Jaguar Land Rover gets UK guarantee for £1.5 billion loan
The loan, to be provided by a commercial bank and guaranteed by UK Export Finance, will be repaid over five years, the government said on Saturday.
BUSINESS
Trump’s dual shocks thwart bets on Indian stock market rebound
The MSCI India Index has fallen in all five sessions since the US President signed an order to overhaul the H-1B visa program — a move that risks disrupting India’s $280 billion software services industry.
CRYPTOCURRENCY
Crypto’s $300 billion wipeout marks harshest selloff in months
Ether, the world’s second-largest cryptocurrency, led the rout with its steepest weekly decline since June
WORLD
Trump shrugs off impending shutdown as parties deadlocked
The president’s comments came four days before government funding lapses and reflect a confidence among Republican leaders that they have the upper hand in the shutdown fight
WORLD
Trump ratchets up pressure on Tylenol with warning for kids
Tylenol — and the active ingredient acetaminophen — is safe for young children to use to treat fevers, according to the American Academy of Pediatrics
AUTOMOBILE
BMW recalls over 330,000 cars after finding engine fire risk
The fault — where the engine starter may catch fire due to possible corrosion — affects most model lines built between 2015 and 2021
BUSINESS
ByteDance to get about 50% of TikTok US profit under Trump deal
The profit-sharing arrangement is the latest twist in an extraordinary corporate drama that has played out across multiple US administrations
WORLD
TikTok’s $14 billion valuation in Trump deal stuns investors
The rough estimate, cited by Vice President JD Vance on Thursday, pales in comparison to previous estimates that scaled closer to $40 billion
MARKETS
US stock buyers step in as data keep Fed bets in play
A report Friday showed the personal consumption expenditures price index excluding food and energy rose 0.2% in August, compared with 0.3% in July
INDIA
India defends skilled worker flow as Trump tightens H-1B rules
Trump’s move to slap a $100,000 fee on new H-1B applications for skilled workers will disproportionately hurt Indians, who make up two-thirds of the visas
WORLD
Economic, political stakes loom as US shutdown threat rises
The White House issued a memo late Wednesday saying that a shutdown would trigger widespread dismissals of employees in government programs that do not align with Trump’s priorities
BUSINESS
Asia’s top defense stock DroneShield soars on military spending
Defense stocks have rallied this year as ongoing conflicts and geopolitical tensions have spurred governments to ramp up spending.
BUSINESS
JPMorgan joins wave of US tech ETFs to meet booming Asia demand
Total ETF assets in the region are projected to swell to $8 trillion by 2035, led by China, from about $2 trillion currently, according to BI. That’s versus roughly $12.5 trillion for the US market.
BUSINESS
Asian shares decline, Trump tariffs spook pharma
After a $15 trillion rebound in global equities from April’s lows, traders now face a wall of uncertainty as tariff headlines return to weigh on markets.
BUSINESS
LG Electronics said to launch $1.3 billion India IPO after pause
This values the company around $9 billion, the people said, significantly below the $15 billion it was expecting in December when the papers were filed the first time
COMPANIES
Citigroup moves almost 1,000 tech jobs to India after China cuts
The Wall Street lender shifted the jobs in phases over the past few months after it reduced staffing in China as part of a broader global overhaul
WORLD
Stanford, Columbia risk getting hit by Trump’s $100,000 H-1B fee
Stanford, the largest employer of H-1B holders in the education sector, currently employs more than 500 staff and faculty on the high-skill visa
BUSINESS
S&P 500 set for longest losing streak in a month
Following a series of record highs, the S&P 500 headed toward its longest slide in a month
BUSINESS
UK works to prop up firms hit by Jaguar Land Rover shutdown
Small suppliers that count JLR as a key customer are particularly affected. In countries such as Slovakia, suppliers have placed staff on shorter duty with the government covering part of their salary.
BUSINESS
Starbucks to close stores, cut jobs in $1 billion restructuring
Starbucks News: The company said its overall store count will drop by 1% during the 2025 fiscal year, ending with 18,300 total locations across the US and Canada.
WORLD
Intel seeking an investment from Apple as part of its comeback bid
Intel Chief Executive Officer Lip-Bu Tan is attempting a comeback with the backing of the federal government. In an unconventional deal brokered by the Trump administration in August, the US acquired a roughly 10% stake in the chipmaker.
BUSINESS
India heads for busiest month for IPOs in nearly three decades
IPO News: Of the ones this month, 15 companies have collectively raised nearly $1 billion, while the remaining 10 are are expected to raise an a total of about $500 million, according to India’s National Stock Exchange
INDIA
India may opt for French fighter jet engines as US talks drag on
India is facing a shortage of fighter jets and is looking to scale up production through joint ventures with leading global defence manufacturers.
