Business News

Business

RBI Slashes Repo Rate After 5 Years, Promising Lower EMIs for Millions

The Reserve Bank of India has cut the repo rate by 25 basis points, the first reduction in five years, aiming to make loans cheaper and stimulate economic growth. This decision com...

Business

Legal & General Strikes $2.3B Deal to Sell US Protection Unit to Meiji Yasuda Life Insurance

Legal & General Group Plc has agreed to sell its US protection business to Meiji Yasuda Life Insurance for $2.3 billion, with Meiji Yasuda also acquiring a 5% stake in L&G. The dea...

Business

Tesla Faces a Steep Decline in January Deliveries in China Amid Rising Competition

Tesla's January deliveries in China fell by 11.5% year-over-year, with 63,238 units sold. BYD, a local competitor, delivered 296,446 vehicles, marking a 47.5% increase from last ye...

Business

Legal & General Strikes a $2.3 Billion Deal: Selling US Protection Unit to Meiji Yasuda

Legal & General Group Plc announces the sale of its US protection business to Meiji Yasuda Life Insurance Company for $2.3 billion, aiming to deepen corporate ties and enhance shar...

Business

China Launches Groundbreaking Pilot Program for Insurers to Diversify into Gold Investments

China's NFRA introduces a pilot program allowing insurance funds to invest in gold, aiming to diversify investment channels and optimize asset allocation, with strict regulatory ov...

Business

Tesla Faces a Steep Decline in January Deliveries in China Amidst Rising Competition

Tesla's January deliveries in China fell by 11.5% year-on-year, with a significant month-on-month drop in Model 3 and Model Y sales. Meanwhile, BYD reported a 47.5% increase in del...

Business

Meta and UNESCO Collaborate to Revolutionize AI Translation for Rare Languages

Meta Platforms Inc. partners with UNESCO to develop advanced AI for translating underserved languages, seeking global contributions to enhance AI models and introducing an open-sou...

Business

Uber's Stock Skyrockets 8% Following Bill Ackman's High Praise and Investment

Uber Technologies Inc.'s shares surged 8% after Bill Ackman disclosed a 33.3 million-share stake, praising it as one of the best-managed businesses globally. Ackman highlighted CEO...