Business

Hyperscaler AI borrowing binge shakes up foreign credit markets

Flood of bond issuance by likes of Amazon and Alphabet has pushed up costs in Canadian dollars, Swiss francs and sterling

Japan's July core inflation seen at 1.8% on higher energy costs

Easing India Rupee Volatility May Help Attract More Foreign Money

The rupee has been steadier than the Indonesian rupiah and Philippine peso.

Transporters’ issues almost resolved: Sindh CM

• Murad Ali Shah directs transport department to address remaining demands • KATI warns prolonged strike could disrupt production, essential supplies • LCCI calls for meaningful dialogue to end strike; says export containers worth $500…

Petroleum levy collection hits record Rs1.57tr

• Cost of running civil govt rises 16pc, crosses Rs1tr for first time • Fiscal deficit shrinks to 2.6pc on the back of provincial surpluses, lower interest bill • Defence spending up 18pc; primary surplus reaches record 2.9pc of GDP…

Japan’s inflation paradox is creating winners and losers

The rising cost of living is challenging Takaichi's triumphant rhetoric about Japan's economy, as inflation causes pain for many, while also ushering in an era of renewed dynamism.

Oil prices today: Crude edges higher as US-Iran tensions revive supply concerns

Oil prices saw a slight increase on Friday due to renewed supply concerns. The United States threatened an indefinite naval blockade of Iran, escalating economic pressure. This action heightened worries about potential disruptions to crude…

Refineries will work again – Tinubu

President Bola Ahmed Tinubu has assured petroleum workers that Nigeria’s refineries, which have remained largely inactive for several years, will resume operations. The president gave the assurance on Thursday when he received the…

Japan’s Power Futures Get Boost as Utilities Hedge Price Risk

Power futures are becoming an increasingly popular tool for Japanese companies to manage risk arising from fuel-price volatility, with the number of short-term contracts traded on the nation’s biggest platform rising for four straight…

Insecurity: PDP Youth Demand Action Plan After Rescue Operations In Kwara

The Peoples Democratic Party (PDP) youth wing in Kwara State has urged the state government to intensify security measures across schools and communities. Daily Trust reports that the demand comes on the heels of the recent release of…

Asian Memory Chipmakers Rise as Sandisk Outlook Lifts Confidence

Asian memory-chip stocks climbed, as a bullish outlook from Sandisk Corp. boosted optimism on longer term benefits from the artificial intelligence boom.

AI frenzy drives Chinese tech valuations to multiples of US peers

Support from Beijing has helped power 29% gain for Star 50 index this year