Edward Johnson 
Indian equity markets scaled new highs in the month of September on the back of 50 bps rate cut by the US Federal Reserve, boosting the sentiments of investors that the easing cycle is here to stay. The markets clocked gains in three out of four weeks during the month. Benchmark Sensex rose 1.22% in … Read more
Rachel Reeves is considering changes in next month’s budget to the government’s so-called fiscal rules, which govern how much it can spend. The changes are aimed at paving the way for billions of pounds more investment in the UK economy, to help decarbonise the economy and reboot growth. Reeves signalled the change in direction in … Read more
Mumbai: Information technology shares notched up gains in a weak market on Friday after Accenture raised its revenue guidance for FY25. Early gains, however, fizzled out at close as investors cut their bets on expectation that the upside could be capped in the near-term. HCL Tech and Coforge gained 1.4% and 1.2%, respectively. Mphasis, Persistent … Read more
Jamie used to love his job. Working as a hospital porter, helping sick people in need, he probably never expected to become a patient himself: at 50, he was still fit and healthy. But then he strained his back at work, and so began a long, downhill slide. He was given physio exercises to follow … Read more
The blue-chip Dow Jones Industrial Average closed at a record high as a subdued inflation report stoked hopes for more Federal Reserve rate cuts, which also boosted small-cap stocks and enabled Wall Street’s three main indexes to post weekly gains. The technology-heavy Nasdaq slipped for the day while the S&P 500 edged slightly lower, but … Read more
The boss of a Tesla factory has defended the decision to send managers to the homes of workers on long-term sick leave. In recent weeks, a director of Tesla’s electric car plant in Germany sent managers to check up on about two dozen employees who have continued to be paid while being on sick leave … Read more
Mumbai: HDFC Life Insurance will raise ₹1,500 crore through non-convertible debentures (NCDs) after its board approved the plan on Friday. The insurer will issue ₹1,000 crore in NCDs, with an option to raise an additional ₹500 crore via a greenshoe option, all on a private placement basis. The NCDs, carrying a coupon rate of 8.05% … Read more
Wimbledon’s controversial plans to build 39 new tennis courts have been given the green light after the deputy mayor of London ruled that the “very significant benefits” of the scheme outweighed any potential harm to the environment. Speaking at the end of a three-hour public hearing at City Hall, Jules Pipe said it was right … Read more
Remember when streaming used to be exciting? Remember when, after years of trawling around HMV, spending £20 on DVDs of single seasons of television, Netflix arrived and presented you with what felt like every episode of every amazing television show ever made, for six quid a month? It was a game-changer. It felt like the … Read more
The division of the Economist’s parent group that has come under fire over its commercial ties with the world’s three biggest tobacco companies is to stop doing any “new work” with tobacco companies. The decision follows a Guardian investigation which revealed that Economist Impact, a division separate from the newspaper that runs events and includes … Read more
