Business

Despite Trump’s complaints about India’s trade barriers, Garcetti said he expects the US and India to continue to draw closer. There’s “no question” India needs to cut its high tariffs in order to compete with more business-friendly rivals in Southeast Asia if it wants to win from Donald Trump’s looming trade war with China, the outgoing US ambassador to India …

Getty Images Apple has suspended a new artificial intelligence (AI) feature that drew criticism and complaints for making repeated mistakes in its summaries of news headlines. The tech giant had been facing mounting pressure to withdraw the service, which sent notifications that appeared to come from within news organisations’ apps. “We are working on improvements and will make them available …

The market value of Murthy family’s 4.02% stake in Infosys decreased to Rs 30,334 crore. Infosys share price today: India’s second largest IT services firm, Infosys’ shares fell by nearly 6% to Rs 1,812.70 on the BSE, causing a significant reduction of approximately Rs 1,900 crore in Narayana Murthy’s combined family net worth. The market value of Murthy family’s 4.02% …

Shop sales in the UK unexpectedly fell in the run up to Christmas due to a “very poor month” for food being sold in supermarkets. Sales fell by 0.3% in December, according to official figures, well below expectations of a 0.4% rise. Food sales sank to their lowest level for more than 10 years, but clothing shops and department stores …

Hindenburg’s investigations have resulted in substantial market value losses for several companies. Hindenburg shutdown: Nate Anderson, founder of Hindenburg Research, announced on Wednesday the shut down of his US investment firm, stating they have completed all ongoing projects.The firm’s investigations have resulted in substantial market value losses for several companies, notably including the Indian conglomerate Adani Group, which Hindenburg accused …

Next plc Tax changes announced in the Budget could make it “harder for people to enter the workforce”, according to the boss of retail giant Next. Lord Wolfson told the BBC that a rise in National Insurance paid by business would hit the retail sector in particular and meant “the axe [had] fallen particularly hard” on entry-level jobs. He called …

Rachel Reeves has said she will not let critics “get me down” following a bumpy few days for the UK economy. The chancellor was speaking to the BBC’s Political Thinking with Nick Robinson podcast towards the end of a week which saw the country’s borrowing costs rise to the highest level for several years. Reeves said the rise was “not …

Toyota subsidiary Hino Motors has agreed to pay $1.6bn (£1.3bn) and plead guilty to deceiving US regulators about the amount of emissions produced by its diesel engines. The truck company will also be banned from exporting its diesel engines to the country for five years. It comes after Hino was charged with fraud in a Detroit court for selling 105,000 …

Getty Images Trump says he been talking to China’s Xi through aides since his election China’s economy grew 5% in 2024, Beijing announced on Friday – one of the slowest rates of growth in decades. The country has been struggling to shake off a protracted property crisis, high local government debt and youth unemployment. Beijing set an annual growth target …

The former Bank of England boss, Mark Carney, is now running for the Liberal leadership in his native Canada. What does his time in London tell us? Mark Carney was the first non-British person to become governor of the Bank of England in its more than 300-year history when he took the job in 2013. He had previously worked at …