Business

The American regulatory body had initiated legal proceedings against the industrialists and their organisation a few months ago. (AP file photo) The US Securities and Exchange Commission (SEC) has not yet delivered legal summons to Adani Group chairman Gautam Adani and Sagar Adani, his nephew. The American regulatory body had initiated legal proceedings against the industrialists and their organisation a …

Global satellite operators are competing for India’s $2.3 billion satcom market, which is expected to increase nearly ten times within three years to become one of the world’s largest markets.Several international operators, including Luxembourg’s Intelsat, UK’s Inmarsat, Singapore Telecom, Korea’s KT SAT, Thailand’s IPSTAR, and Indonesia’s PT Telekomunikasi, are increasing their satellite capacity, as reported by Economic Times.These operators intend …

It seems Pakistan has successfully persuaded the Trump administration that controlling BLA is crucial for accessing “critical minerals” in the region. (AI image) The Donald Trump administration’s move to recognise the Baloch Liberation Army (BLA) as a Foreign Terrorist Organisation (FTO) may have its reasons rooted in a desire to mine rare earth deposits in Pakistan. Since the improvement in …

BBC Sam Mézec says Jersey will have problems “if we don’t have a large enough working population” Jersey’s falling birth rate is a “ticking bomb” for the island, the housing minister says. Deputy Sam Mézec said the declining rate, combined with an ageing population, posed a huge challenge. His comments come after a Policy Centre Jersey report based on data …

Artificial intelligence (AI) start-up Perplexity has made a surprise $34.5bn (£25.6bn) takeover offer for Google’s Chrome internet browser. Moving Chrome to an independent operator committed to user safety would benefit the public, Perplexity said in a letter to Sundar Pichai, the boss of Google’s owner Alphabet. Google’s dominance of the search engine and online advertising market has come under intense …

A South Korean former tech executive accused of helping to spark a cryptocurrency crisis that cost investors more than $40bn (£31.8bn) has pleaded guilty to two criminal counts of fraud. Do Kwon was the boss of Singapore-based Terraform Labs, which operated two cryptocurrencies – TerraUSD and Luna – both of which collapsed in 2022, triggering a wider sell-off in the …

Emer Moreau & Charlotte Edwards Business reporter, BBC News Getty Images Under-22s in England should be given free bus passes to help them get into work and education, according to a report by MPs. The number of bus journeys taken in England has dropped in recent years, while fares have risen faster than inflation, it said. This was a barrier …

Simon Jack Business editor Rolls-Royce Artist’s impression of a small nuclear power station Rolls-Royce’s plan to power artificial intelligence (AI) with its nuclear reactors could make it the UK’s most valuable company, its boss has said. The engineering firm has signed deals to provide small modular reactors (SMRs) to the UK and Czech governments to power AI-driven data centres. AI …

Theo Leggett International Business Correspondent BBC A gleaming white Vivaro van drove slowly off the production line at Vauxhall’s factory in Luton, beeping its horn, while workers cheered and crowded around taking photographs. Behind it, the production line came to a halt – forever. The Luton plant began building cars in 1905. It kept operating for the next 120 years, …

Suranjana Tewari Asia Business Correspondent in Eneabba Bloomberg via Getty Images Rare earths are essential in the production of alloys for magnets Drive three hours north of Perth, and you’ll arrive in Eneabba. This is Western Australia mining territory – the landscape is barren and desolate, just the odd hill in the distance. Buried in this vast terrain is a …