Business

Vantage | ICC world cup promises moolah for India but ODIs grapple with existential crisis

Cricket must expand its global footprint beyond Commonwealth countries and capture the world's attention

US debt ceiling crisis: Why Joe Biden is wary of invoking the 14th Amendment

Joe Biden and his administration have been searching for ways to act unilaterally to avoid an economic ‘calamity’ if Congress can’t reach agreement to allow more borrowing. While some advocate using the 14th Amendment, the president has viewed the route as a problematic and untested legal theory

Explained: How a US debt default would affect the global economy

The repercussions of a first-ever default on the US federal debt would quickly reverberate around the world. Experts say that 'no corner of the global economy would be spared'

India scraps the Rs 2000 note: Will this affect the economy?

The Rs 2000 note will remain legal tender but citizens have been asked to deposit or exchange these notes by 30 September. Analysts say this time the move is expected to be less disruptive as a lower value of notes is being withdrawn over a longer period of time

Singapore Airlines pays 8 months' salary to staff after record profit

The Singapore Airlines group, which includes budget airline Scoot, recorded a net income of $1.6 billion (over Rs 13,000 crore) annually

Is India planning to tax Netflix's operations in the country?

India is seeking to tax Netflix Inc's income earned from streaming services in the country. Tax officials reasoned that the US firm had some employees and infrastructure from the parent entity on secondment, leading to tax liability

What is the Japanese harassment practice of Owahara? Why is the government cracking down on it?

Owahara is a form of harassment wherein Japanese companies first offer students jobs and then insist they not hold talks with rival firms. The government has asked businesses to stop this practice as it ‘hampers freedom’

Gap announces executive shakeup amid losses in holiday quarter, drop in sales

Old Navy, which is responsible for the majority of Gap’s revenue, reported $2.2 billion in sales in the last quarter, down 6 per cent from a year earlier

Ulta Beauty posts strong holiday quarter results, exceeds Wall Street expectations; details here

Ulta Beauty is expecting its full-year revenue for 2023 to range between $10.95 billion and $11.05 billion and earnings per share to be between $24.70 and $25.40

Lebanon adopts 'dollarization' as currency, economy crumble

Businesses are increasingly leaning on one of the world's most reliable assets — the US dollar — as a way to cope with the worst financial crisis in its modern history