Mallya, who fled to the UK in March 2016, is wanted in India over a default of Rs 9,000 crore that was loaned to Kingfisher Airlines by several banks.
Updated : Aug 13, 2023

'Have no intention to...’: UK minister's big statement on extradition of Nirav Modi, Vijay Mallya

British Security Minister Tom Tugendhat said that the UK will not allow its legal system to be used to protect those who have committed crimes.

Eiffel Tower
Updated : Aug 12, 2023

Eiffel Tower in Paris evacuated after bomb threat

The closure was enacted as a precautionary step after an evacuation was carried out due to a bomb threat, as confirmed by a source within the French police to Reuters

Anwar Ul Haq Kakar
Updated : Aug 12, 2023

Anwaar Ul Haq Kakar chosen as Pakistan's caretaker Prime Minister amidst opposition-leader agreement

In a collaborative effort, outgoing PM Sharif and the opposition leader have jointly endorsed the appointment of Anwaar Ul Haq Kakar as the caretaker Prime Minister

By reducing the involvement of Switzerland's authorities, UBS could hope for greater autonomy in some major and politically fraught decisions it has to make.
Updated : Aug 11, 2023

UBS ends taxpayer backstop granted for Credit Suisse rescue

UBS also said it no longer needed a public liquidity backstop or a liquidity assistance loan of up to 100 billion francs from the Swiss National Bank (SNB) and backed by a federal guarantee, freeing it of taxpayer-backed funding.

Callable capital in the MDBs has never been called out in the history of these institutions. -16:9
Updated : Aug 11, 2023

G20 : Experts suggest new template of reforms with 5 solutions for transforming IMF, World Bank for developing nations

Better operating model to reduce cost and faster decision making, innovative financing solutions are among five specific solutions suggested for the multilateral development banks by experts at a G20 event in Mumbai

Coach's parent firm Tapestry
Updated : Aug 11, 2023

Coach owner's Michael Kors deal creates US giant to take on European luxury rivals

Thursday's deal will also bring under one roof Tapestry's more affordable luxury brands Kate Spade, Stuart Weitzman and Capri's Jimmy Choo and Versace labels.

BRICS Nations-led New Development Bank
Updated : Aug 11, 2023

'BRICS bank' looks to local currencies as Russia sanctions bite

South Africa will host leaders of the other BRICS nations - Brazil, Russia, India and China - as the bloc aims to widen its influence at a Johannesburg summit later this month.

Updated : Aug 11, 2023

Maui wildfire death toll hits 53 and may rise; recovery to take years

Governor Josh Green said the inferno that reduced much of Lahaina to smoldering ruins was the worst natural disaster in the state's history, turning thousands of people homeless and leveling as many as 1,000 buildings.

Trial of former US President Donald Trump
Updated : Aug 11, 2023

US proposes January start for Trump election trial

U.S. Special Counsel Jack Smith's office asked a judge in a court filing on Thursday to start the trial on Jan. 2 in part due to the public's interest in a speedy trial.

China says uncovers alleged CIA spy, Chinese national recruited in Italy (Photo: Reuters)
Updated : Aug 11, 2023

China says uncovers alleged CIA spy, Chinese national recruited in Italy

Zeng, who was regarded as a classified person, was sent to Italy to pursue further education and while there became acquainted with a US embassy official, said the CCTV report.

Germany will own NATO's 2nd largest helicopter fleet after Chinook purchase, air force chief says
Updated : Aug 11, 2023

Germany will own NATO's 2nd largest helicopter fleet after Chinook purchase, air force chief says

Almost 50 Chinook helicopters would be stationed at the Holzdorf/Schoenewalde site in eastern Germany, where 1,000 additional soldiers will be also stationed, Gerhartz added.

Australia Central bank says worst over for inflation as policy enters 'calibration stage'
Updated : Aug 11, 2023

Australia Central bank says worst over for inflation as policy enters 'calibration stage'

Inflation, which peaked late last year at over a three decade high of 7.8%, trended down to 6% last quarter and is projected to return to the RBA's target band of 2-3% in late 2025.

Biden calls China a 'ticking time bomb' due to economic troubles (Photo: Reuters)
Updated : Aug 11, 2023

Biden calls China a 'ticking time bomb' due to economic troubles

China's consumer sector fell into deflation and factory-gate prices extended declines in July. China may be entering an era of much slower economic growth with stagnated consumer prices and wages, contrasting with inflation elsewhere in the world.

Pakistan Prime Minister Shehbaz Sharif
Updated : Aug 10, 2023

Pakistan's National Assembly dissolved at PM Shehbaz Sharif's advice

Pakistan Prime Minister Sharif on Wednesday wrote to President Alvi and sought dissolution of the National Assembly three days before the end of its five-year constitutional term.

US President Joe Biden
Updated : Aug 10, 2023

Biden orders ban on certain US tech investments in China

The order affects normal operation and decision-making of enterprises, and undermines the international economic and trade order, a statement from the Chinese Commerce Ministry read.

US Markets end lower
Updated : Aug 10, 2023

Wall Street ends lower as investors await US inflation data

On Tuesday, the New York Federal Reserve Bank said U.S. credit cards debt surpassed $1 trillion, and Philadelphia Fed President Patrick Harker said the U.S. central bank may be at the stage where it can leave interest rates unchanged.

Fernando Villavicencio, Ecuador Presidential Candidate
Updated : Aug 10, 2023

Ecuador presidential candidate Villavicencio assassinated

Local media reported some 30 shots had been fired at an event in the north of the capital, Quito. Video footage posted on social media showed Villavicencio getting into a car after the event, before the sound of apparent gunfire and screaming.

Hawai Wildfires
Updated : Aug 10, 2023

Maui wildfires kill six as 'apocalypse' strikes Hawaiian paradise

Some 271 structures were damaged or destroyed, the Honolulu Star-Advertiser reported, citing official reports from flyovers conducted by the U.S. Civil Air Patrol and the Maui Fire Department.

Updated : Aug 10, 2023

US reports big interest in $52 billion semiconductor chips funding

Commerce Department began accepting applications in June for the $39-billion subsidy program for U.S. semiconductor manufacturing.

Kellogg's Cereals
Updated : Aug 10, 2023

Kellogg's 'woke' workplace diversity programs are illegal, group claims

This is the second complaint filed this week against a company by America First Legal, a nonprofit run by Stephen Miller, who was an adviser to former President Donald Trump.

Disney hikes streaming service price
Updated : Aug 10, 2023

Disney hikes streaming prices, focuses on costs as Iger moves to reassure investors

The company beat Wall Street's profit expectations for its fiscal third quarter and said it was on track to cut costs by more than the $5.5 billion it promised investors in February.