Business

US, UK, 3 other courts confirm $1.4 billion arbitration award against India

NEW DELHI: Courts in five countries including the US and the UK have given recognition to an arbitration award that asked India to return $1.4 billion to Cairn Energy plc – a step that now opens the possibility of the British firm seizing Indian assets in those countries if New Delhi does not pay, sources […]

Technology

Redmi TV India Launch Date Confirmed for March 17

Redmi TV India launch date is set for March 17, the brand revealed on Monday. The Chinese company also sent invites for the launch event. The new development comes days after Xiaomi India Managing Director and Global Vice President Manu Kumar Jain teased the launch of Redmi TVs in the country. Xiaomi sells a range […]

Mi 10S With Snapdragon 870 SoC, 108-Megapixel Quad Camera Setup Confirmed to Launch on March 10

Industry, govt veer towards voice services to engage with masses

Technology

Deliveroo reveals it lost $309 million in 2020 ahead of London IPO

Deliveroo CEO Will Shu. Aurelien Morissard | IP3 | Getty Images LONDON —Deliveroo, the Amazon-backed food delivery service, has revealed that it recorded a loss of £223.7 million ($309 million) last year in plans to float on the London Stock Exchange that were published Monday. Deliveroo’s losses are substantially less than they were in 2019, […]

Microsoft Edge Chromium Version for Xbox Now in Testing: Report

UK digital bank Starling valued at $1.5 billion after Fidelity backing

Economy

Investors haven’t grasped inflation is dead ahead, Mark Zandi warns

Investors may want to hold on even tighter. Moody’s Analytics Mark Zandi believes Wall Street is significantly underestimating the seriousness of an inflation comeback, and he warns it will affect every corner of the market — from big tech to cyclical trades. “Inflationary pressures will develop very quickly,” the firm’s chief economist told CNBC’s “Trading […]

Economy

Despite rising inflation, experts say the Fed won’t budge on rates

A man wearing a face mask walks past the U.S. Federal Reserve in Washington, D.C., the United States, on Dec. 2, 2020. Liu Jie | Xinhua News Agency | Getty Images The U.S. Federal Reserve won’t step in to temper rising inflation any time soon, market watchers have said, despite surging yields that have roiled […]

Economy

Job growth in February may mark the start of a hiring boom as the economy reopens

Chef Alessandro Pirozzi, from Alessa by Chef Pirozzi, brings a take-out food order to an outside table at the Promenade on Forest in Laguna Beach, CA on Wednesday, January 13, 2021. Paul Bersebach | Orange County Register via Getty Images February’s surprisingly strong job growth signals that the economy could be at a pivot point […]

Economy

Here’s where the jobs are for February 2021 — in one chart

The number of jobs added to U.S. payrolls in February blew past expectations thanks to a sharp rebound in restaurant and food service hiring that had swooned throughout the winter. The Labor Department reported Friday that total nonfarm payroll employment rose by 379,000 in February 2021 as businesses in the leisure and hospitality sector hired […]

Economy

Employers likely added more jobs in February, but economists say there’s no bounce back yet

A worker wearing a protective mask boxes a pizza inside a Costco store in San Francisco, California, on Wednesday, March 3, 2021. David Paul Morris | Bloomberg | Getty Images Hiring likely improved in February as more of the economy reopened, but winter weather could have hampered some activity. Economists expect to see 210,000 payrolls […]

Economy

Jobs report February 2021

Hiring surged in February as the U.S. economic activity picked up amid a progressive drop in Covid-19 cases and vaccines provided hope of more growth ahead. The Labor Department on Friday reported that nonfarm payrolls jumped by 379,000 for the month and the unemployment rate fell to 6.2%. That compared to expectations of 210,000 new […]

Economy

Weekly jobless claims:

Weekly jobless claims edged higher last week but rose less than expected for an economy struggling to shake off impacts from a pandemic that has been around now for nearly a year. The Labor Department reported first-time filings for unemployment insurance in the week ended Feb. 27 totaled a seasonally adjusted 745,000, a touch below […]

Economy

Walmart to back U.S. manufacturers with $350 billion of added business

A worker delivers groceries to a customer’s vehicle outside a Walmart Inc. store in Amsterdam, New York, on Friday, May 15, 2020. Angus Mordant | Bloomberg via Getty Images Walmart said Wednesday that it plans to back American manufacturers by spending an additional $350 billion over the next decade on items that are made, grown […]