Paraguay is undergoing one of the most significant political and financial crises in its recent history. The Central Bank of Paraguay’s intervention in Ueno Bank—following the detection of serious irregularities in its
When Owen Willis left school at 18 and landed his first marketing job at a construction firm, he thought he was getting a foothold in adult life. Instead, his £14,400 apprenticeship salary
More
It was, as Bloomberg reported, “the straw that broke the highly-optimized camel’s back.” On the evening of Dec. 2, just three days before India’s largest airline would lose control of its operations
More
India’s battle to contain a rapidly weakening rupee has entered a new, more aggressive phase as the Reserve Bank of India deploys highly unpredictable intervention tactics that are reshaping currency trading and
More
Wall Street’s enthusiasm for artificial intelligence companies is undergoing a dramatic reversal, with OpenAI losing favor while Alphabet Inc. rises in prominence, according to Bloomberg. OpenAI, the creator of ChatGPT, is facing
More
by Our Correspondent in New Delhi In the cutthroat world of aviation, where margins are wafer-thin and operational missteps unforgiving, leadership is not just important—it is everything. And yet, in a stunning
More
Asian companies and governments are rapidly expanding their reliance on euro-denominated financing, signaling a significant shift in global funding patterns and raising questions about the durability of US dollar supremacy. According to
More
Meta Platforms Inc. is preparing to significantly scale back its once-flagship metaverse ambitions, with Chief Executive Mark Zuckerberg weighing budget cuts as steep as 30 percent for the division responsible for virtual
More
Phoebe Gates, daughter of Microsoft co-founder Bill Gates and Melinda French Gates, is raising $30 million in new funding for her artificial intelligence shopping startup, Phia, according to a pitch deck viewed
More
The head of the UK’s Office for Budget Responsibility resigned on Monday after the fiscal watchdog accidentally published its full analysis of Chancellor Rachel Reeves’ budget moments before she was due to
More
India’s current account deficit widened sharply in the July–September quarter after US President Donald Trump’s 50% tariff on Indian goods weakened export performance. The deficit rose to $12.3 billion, or 1.3% of
More
Asia’s manufacturing engines lost further steam in November as slow global demand and persistent uncertainty surrounding international trade dragged down factory output across several key economies. According to data reported by Reuters,
More Credit-rating companies have raised concerns over Chancellor of the Exchequer Rachel Reeves’ decision to push the bulk of her fiscal tightening to the end of the decade, casting doubt on whether the
More
OpenAI may need to raise more than $200 billion in fresh capital by the end of the decade to keep pace with soaring computing demands and global AI competition, according to new
More
The chairman of Lloyd’s of London confronted the then chief executive, John Neal, nearly two years ago over allegations of a workplace affair, raising renewed concerns about the handling of an executive-level
More
Tata Group is facing its most serious internal conflict in years as a feud intensifies between the founding Tata family and key shareholders over whether to list Tata Sons, the conglomerate’s unlisted
More