Zee, Sony unit merger approved by India's competition regulator

A merger between the Indian unit of japan's Sony (6758.T) and Zee Entertainment Enterprises (ZEE.NS) will create a $10-billion TV behemoth, but with certain conditions. The competition commission of India did not elaborate on the conditions, but the company said it would wait for remaining regulatory approvals to launch the merged company.
#Zee #Indian #India #News #Entertainment #Tv

an hour ago

Sterling climbs for sixth straight session after Kwarteng's tax U-turn

The euro was up 0.44% against the pound at 87.16 pence. Pound dropped to a record low of $1.0327 on sept. 26. Bond prices tumbled after Kwarteng announced plans to slash taxes.
#Sterling #Reuters #News #Business #Markets

4 hours ago

Sterling rises for sixth straight session after Kwarteng's tax U-turn

The euro was up 0.28% against the pound at 87.03 pence. Pound had already rebounded from its record low after the bank of England intervened in the bond market last week.
#Kwarteng #Reuters #News #Business #Markets

7 hours ago

EU approves phone charger reform, forcing Apple to adapt

The european parliament approves new rules that will introduce a single charging port for mobile phones, tablets and cameras by 2024. The vote confirms an earlier agreement between EU institutions and will make USB-C connectors used by Android-based devices the EU standard. Apple is expected to be among the most affected, but analysts also expect a possible positive impact because it could encourage shoppers to buy the company's latest gadgets.
#Apple #USB #Android #News #Technology #Mobile

8 hours ago

Asked about climate summit, UK's Truss: I won't divulge discussions with King Charles

Queen Charles's travel plans are a matter for him, and she would not discuss the content of their meetings. A report in the Sunday Times said Truss told him not to attend a world leaders' climate change summit in Egypt next month.
#Truss #Reuters #News #Science #Enviornment

12 hours ago

S.Korea's Naver buys U.S

Naver announced a $1.2 billion purchase of U.S. Fashion resale platform Poshmark Inc (POSH.O) but investors questioned the timing of its biggest acquisition amid a slowing economy and sent its shares tumbling.
#Naver #S.Korea #News #Business #Markets

14 hours ago

Australia to set aside at least 30% of its land mass to protect endangered species

The number of species added to the list of threatened species grew on average by 8% from the previous report in 2016. It's unclear how it will help our other 'non priority' threatened species, says wwf-Australia's chief conservation officer.
#Reuters #Australia #News #Science #Enviornment

15 hours ago

Kyrgios seeking to have assault charge dismissed on mental health grounds - media

Australian tennis player is facing a charge of common assault in relation to an incident in January 2021 which his barrister said involved a domestic relationship. Read moreKyrgios's lawyer requested an adjournment at the ACT Magistrates Court on Tuesday. The case is expected to return to court in February.
#Kyrgios #Reuters #Australian #News #Health #MentalHealth

18 hours ago

Morning Bid: A market sweet spot?

Markets may be in a sweet spot right now, opening up the potential for a few weeks of respite and decent-sized rebounds. If ever there was a time for investors to pause and even put some chips back on the table, this is it. The united states entering recession within the next 12-18 months is overwhelming consensus.
#Reuters #News #Business #Markets

23 hours ago


A united nations agency warns of the risk of a monetary policy-induced global recession that would have especially serious consequences for developing countries. The report said higher interest rates would have a more severe impact on emerging economies, which already have high levels of private and public debt.
#Reuters #News #Business #Economy

23 hours ago


Three people briefed on the matter told Reuters. The measures would aim to cut off China's access to advanced semiconductor technology, the people said.
#Reuters #China #News #Technology #ArtificialIntelligence

23 hours ago

S&P 500, Dow jump over 2% to kick-start fourth quarter

U.S. Stock indexes rose on Monday at the start of the final quarter of a tumultuous year in which investors fretted about aggressive interest rate hikes against the backdrop of historically hot inflation. The energy sector (.SPNY) heading for its best day in more than three months.
#S&P #500 #Dow #News #Business #Markets


Permanent shifts in inflation could mean more volatile policy - Fed's Barkin

Changes in global supply chains, demographic shifts, and fractured trade relationships may make inflation in the future more volatile. If they do, we would be more likely to face periods with real forces imparting near-term inflationary pressures than was case in recent decades, Barkin said.
#Bar #Fed #News #Business #Economy


Oil climbs, Asian shares mixed as holiday-heavy week gets underway - The Economic Times

Crude rose 3.01% to $81.88 a barrel after OPEC+ sources told Reuters oil production could be cut by between 500,000 and one million barrels a day. On the first trading day of the quarter, MSCI's broadest index of shares outside Japan was down 0.43%, on course to decline for a fourth straight session.
#TheEconomicTimes #Asian #Japan #News #Business #Markets


Exclusive: India's Reliance Jio to launch 4G enabled low-cost laptop at $184

A budget laptop priced at $184 (15,000 Indian rupees) will be launched with an embedded 4G sim card. It will replicate the success of its low-cost JioPhone in india's highly price-sensitive market. The laptop will be available to enterprise customers from this month.
#RelianceJio #Indian #dia #News #Technology #Mobile

2 days ago

Saudi index gains ahead of OPEC+ meet; Qatar falls

Oil producers considering lowering their output target at a meeting on Oct. 5 are focused on a cut of between 500,000 and 1 million barrels per day (bpd) the kingdom expects to post a surplus of 0.2% of GDP in 2023, a drop from an expected surplus of 2.3% this year.
#Reuters #Saudi #OPEC #Qatar #News #Business #Economy

2 days ago

OPEC+ to consider oil output cut of more than 1 mln bpd - sources

OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) when it meets on Oct. 5. The figure is slightly above estimates for a cut given last week. It is meeting in person in Vienna for the first time since March 2020.
#OPEC #Vienna #News #Business #Economy

2 days ago

Britain's Norrie out of Japan Open with COVID as ATP Finals hopes take hit

Briton Cameron Norrie pulls out of this week's japan open due to a positive COVID-19 test. He also withdraws from the Korea Open on friday.
#Norrie #Reuters #JapanOpen #ATPFinals #Britain #News #Sports #Tennis

2 days ago

Sainz leads Leclerc in Ferrari one-two in Singapore practice

The spaniard led team mate Charles Leclerc in a Ferrari one-two at the end of friday's practice for the Singapore Grand Prix. The 28-year-old lapped the 5km track in one minute, 42.587 seconds to end the day 0.208 seconds quicker than lecelerc. He is less than a tenth of a second clear of his birthday boy, Max Verstappen.
#Sainz #Ferrari #Singapore #News #Sports #F1Racing

4 days ago

Indian shares surge on RBI rate hike to close best quarter in a year

The index ended up 1.6% at 17,094.35, and the S&P BSE Sensex gained 1.8% to 57,426.92. Both the indexes posted their biggest percentage jump in a month, breaking a seven-day losing streak.
#S&PBSE #Indian #News #Business #Markets

4 days ago