News
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Decarbonisation may impact Indian household spending and jobs: McKinsey & Company report
The analysis shows that this would be largely balanced by lower costs for energy and transport. The benefits of a well-planned, orderly, accelerated transition would outweigh the downsides, given India's growth outlook, say experts
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Credit Suisse launches radical overhaul to stabilise bank. Will it work?
The Swiss banking giant announced its much awaited 'transformation' plan, which includes revamping its investment banking business, slashing 9,000 jobs, and a capital injection. The plan sent the bank's stock tumbling
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How Elon Musk financed Twitter takeover: Loans, investments and piles of his own cash
In looking for ways to pay for his takeover of Twitter, Elon Musk has offered up money sourced from his own personal assets, investment funds and bank loans, among others
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Elon Musk fires CEO Parag Agrawal as first move since taking control of Twitter
In his first move since taking control, Elon Musk, world's richest person, has fired Twitter Chief Executive Officer Parag Agrawal, head of legal, policy and trust Vijaya Gadde, Chief Financial Officer Ned Segal, and general counsel at microblogging site Sean Edgett
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'We don't eat lithium': South America longs for benefits of metal boon
Lithium production and prices have skyrocketed amid an EV boom, as have the expectations of poverty-stricken communities near lithium plants. But there are growing concerns about the impact on groundwater sources in regions already prone to extended droughts, with recent evidence of tree and flamingo die-offs
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India's Google fine spotlights big-tech's dominance in the country's digital ecosystem
In a landmark order, India joins EU and other nations that want the internet search giant to stop abusing its market dominance
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Facebook adds way to remove misinformation from groups
The ability for group administrators to send misinformation to a "quarantine queue" comes ahead of midterm elections in the United States and as Facebook-parent Meta continues to fend off critics who say it doesn't do enough to fight misinformation on its platforms
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Partners, competitors or rivals? EU leaders rethink approach to China
Torn between the desire to access China's vast markets and condemnation of its rights abuses and aggressive regional policies, the 27-nation bloc has traditionally struggled to fashion a cohesive approach towards Beijing
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Why law enforcement struggles to throttle crypto scams
The authorities in the European Union and the United States—the leaders on crypto control—have relentlessly focused on aspects of crypto crime related to terrorist financing, money laundering and sanctions busting. But there's lack of action against low-level scams and firm directions from the top brass
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Credit Suisse rescue hinges on overhaul of its investment arm
The main focus of the embattled bank's transformation plan is bound to be on the heavily risk-exposed investment banking division—which accounts for 40 percent of overall revenues—and has been haemorrhaging billions, amid speculation it could be pared back or split up
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Most Salvadorans think making Bitcoin legal tender was 'failure'
According to the poll by the University of Central America (UCA), 75.6 percent of respondents said they never used cryptocurrency in 2022, and 77 percent consider its adoption 14 months ago as legal tender, alongside the dollar, "to have been a failure"