TOKYO—Oil prices rose for a fifth straight day on Monday with Brent heading for $80 amid supply concerns as parts of the world sees demand pick up with the easing of pandemic conditions. Brent crude was up 92 cents or 1.2 percent at $79.01 a barrel by 0208 GMT, having risen a third consecutive week…
Oil Gains for Fifth Day Amid Supply Constraints
September 27, 2021
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Google, India Antitrust Watchdog Tussle in Court Over Probe Leak
September 25, 2021
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NEW DELHI—Google accused India’s antitrust regulator in court on Friday of being a “habitual offender” by leaking confidential information of cases it was examining, an accusation the watchdog rejected. The Times of India and Reuters reported on Saturday that an investigation by the Competition Commission of India (CCI) had found that Alphabet Inc.’s Google abused…
Amazon Launches Service Aggregating Video Streaming Apps in India
September 25, 2021
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NEW DELHI—Amazon.com Inc. launched in India on Friday eight global and local streaming services on its video platform, in a move aimed at boosting subscriptions. The move comes at a time of increasing competition from global and domestic rivals in an important market for the U.S. tech company. The Amazon Channels service will help customers…
‘A Force for Global Good’: Quad Leaders Meet at White House Against Backdrop of China Threat
President Joe Biden hosted the first-ever in-person summit of the leaders of the Quadrilateral Security Dialogue, colloquially known as the “Quad,” on Sept. 24., during which the group hailed its efforts to improve the rule of law in the Indo-Pacific amid rising assertiveness by the Chinese regime in the region. Senior Biden administration officials on…
3 Dead as Gangsters Posed as Lawyers Open Fire Inside Delhi Courtroom
Gunmen dressed as lawyers started shooting inside a courtroom in the capital of India on Friday, killing a suspected gang leader and also injuring several others, police said. The two assailants involved in the incident allegedly belonged to a rival gang of 30-year-old Jitender Gogi, a notorious New Delhi gangster who was facing murder charges….
India’s BSE Sensex Crosses 60,000 Mark With Tech Stocks in Lead
Indian shares scaled record highs on Friday (Sept. 24), with the benchmark S&P BSE Sensex topping the 60,000 level for the first time on the back of gains in tech and property stocks. The blue-chip NSE Nifty 50 index rose 0.47 percent to 17,907.5 by 0354 GMT, and the Sensex was up 0.49 percent at…
Suspected Chinese Hacker Group Targets Media and Government in India, Report Says
September 23, 2021
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A suspected Chinese state-sponsored hacking group has infiltrated three entities in India—a media conglomerate, a police department, and a government agency holding personal information of over a billion locals—according to a new report. The Insikt Group, a threat research arm of U.S.-based cybersecurity company Recorded Future, published the report on Sept. 21, saying China had…
Shares Gain as Evergrande Says It Will Make Interest Payment
September 22, 2021
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World shares and U.S. futures advanced Wednesday after Chinese developer Evergrande said it intends to make an interest payment on its debt that is due Thursday. Shares rose in Paris, Frankfurt and Shanghai but fell in Tokyo. Markets have been rattled by Evergrande’s struggle to meet debt payments and uncertainty over what if anything the…
India Seizes $2.7 Billion Afghan Heroin Haul Amid Kabul Takeover Chaos
AHMEDABAD—Indian officials said on Tuesday they had seized nearly three tons of heroin originating from Afghanistan worth an estimated 200 billion rupees ($2.72 billion) amid the chaos following last month’s takeover of the country by the Taliban. Afghanistan is the world’s biggest illicit opiate supplier, but since taking power, the Islamist Taliban have said they…
Ford Wakes up Badly Burnt From Its India Dream
NEW DELHI—When Ford Motor Co.Early Misstep built its first factory in India in the mid-1990s, U.S. carmakers believed they were buying into a boom—the next China. The economy had been liberalised in 1991, the government was welcoming investors, and the middle class was expected to fuel a consumption frenzy. Rising disposable income would help foreign…
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