News
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RBI pulls the trigger on inflation, finally
In a surprise move, the central bank increased repo rate by 40 bps and the cash reserve ratio by 50 bps, rattling equity and bond investors. Many economists see inflation around 7 percent levels in the near-term and do not rule out a 25 bps rate hike in June
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LIC IPO Day 1: Strong opening with demand across segments
Analysts are confident of retail investor and policyholder support to India's largest public offering that will remain open till May 9
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Abortion rights: Leaked threat to Roe v. Wade stuns, then energises Americans
Many Americans woke up stunned, not realizing — and some still not believing — that Roe and the constitutional right to an abortion that it has guaranteed for five decades could disappear within a matter of weeks
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How Shanghai residents are using NFTs to record Covid lockdowns, combat censorship
Residents in Shanghai who have been on a month-long lockdown are minting videos, photos and artworks capturing their ordeal in the form of non-fungible tokens to share their experiences while also avoiding deletion
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LinkedIn to pay $1.8 million to women over discrimination claims
LinkedIn denied 686 women, working in engineering, marketing and product roles, equal pay at its San Francisco office and at its headquarters in Sunnyvale, California
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Google faces internal battle over research on AI to speed chip design
The dispute, which stems from efforts to automate chip design, threatens to undermine the reputation of Google's research in the academic community. It also could disrupt the flow of millions of dollars in government grants for research into AI and chips
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LIC's $2.7 billion IPO opens for subscription
The Indian government expects to raise the sum, just a third of its original target, from selling a 3.5 percent stake in the country's top insurance company, giving it an initial value of $78.52 billion
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40 million more faced acute hunger in 2021: UN
Among 53 countries facing the problem, the most affected include the Democratic Republic of Congo, Ethiopia, Yemen and Afghanistan where millions face hunger after the country plunged into financial crisis following the Taliban takeover in 2021. Experts now warn Russia's war could lead to a famine
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Sri Lanka tea exports lowest in 23 years hit by fertiliser ban, Ukraine war
Tea is the island nation's biggest export commodity, bringing in about $1.3 billion annually before the current economic downturn, the worst since independence in 1948.
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South Ukraine shows signs Russia has come to stay
Russian forces took control of this port city on the Sea of Azov in the first days of the military campaign they launched in Ukraine in late February, facing almost no resistance
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EU members seek opt-outs from Russian oil embargo
Slovakia, which like Hungary is almost 100 percent dependent for fuel on Russian crude coming through the Druzbha pipeline, has said it will need several years to phase out