Stories for you

  • BusinessReuters

    India defers approval of Paytm's investment in its payments arm, sources say

    India has deferred approval of Paytm’s 500 million rupee ($6 million) investment in its Paytm Payment Services arm in part due to concerns about a Chinese shareholding in the parent company, according to three government officials and a document seen by Reuters. One 97 Communications, popularly known as Paytm, is already under the scrutiny of India's banking regulator and financial crime-fighting agency after the central bank ordered it to wind down its payments bank in January. Paytm sought g

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  • BusinessReuters

    Bain proposes Japan's Kioxia IPO to clear $5.8 billion loan refinance

    TOKYO (Reuters) -Bain Capital has proposed an initial public offering (IPO) of Japan's Kioxia Holdings as part of a plan to allow the money-losing chipmaker to refinance a $5.8 billion loan coming due in June, according to a person familiar with the matter. Bain and Kioxia met with a group of banks including Sumitomo Mitsui, Mizuho and Mitsubishi UFJ on Monday after the lenders urged Kioxia to come up with a recapitalisation plan because it looks likely to run afoul of the terms of a 900 billio

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  • NewsAFP News

    Woman, 5 children dead after boat capsizes in Indian Kashmir

    A woman and five children were killed after a boat ferrying them across a swollen river capsized in Indian-administered Kashmir on Tuesday, officials said.All of the children aboard were aged between 10 and 16, residents told AFP. The river was swollen after days of rain across the Himalayan Kashmir valley. 

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  • BusinessAFP News

    Global equities extend selloff on Iran-Israel conflict fears

    Asian and European stock markets sank Tuesday after Israel's army chief vowed a response to Iran's attack on his country, with sentiment also dented by diminishing US interest-rate cut hopes and mixed earnings.While air defence systems destroyed the vast majority of the barrage and Iran said "the matter can be deemed concluded", Israel's army chief General Herzi Halevi warned that there will be a response, fuelling worries of a dangerous escalation.

    4-min read
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  • PoliticsHuffPost

    Ex-RNC Chair Trashes Donald Trump Over Trial In Most Sarcastic Way

    Michael Steele ended a withering post about the former president with two snarky words.

    1-min read
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  • NewsAFP News

    Massive fire engulfs Copenhagen's historic stock exchange

    A huge fire on Tuesday devastated Copenhagen's 17th-century former stock exchange, toppling the historic building's landmark spire in front of horrified witnesses.The Borsen building, commissioned by King Christian IV and built between 1619 and 1640, is one of Copenhagen's oldest and best known landmarks.

    3-min read
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  • PoliticsAFP News

    Day two of Trump's trial to resume tortuous jury selection process

    Day two of Donald Trump's unprecedented criminal trial opens in New York on Tuesday the same way the first ended -- with the defendant and US presidential hopeful being forced to watch in silence as lawyers work through the tortuous process of picking a jury.That process, which will resume Tuesday at 1330 GMT, could go on as long as two weeks, according to one of Trump's lawyers.

    3-min read
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