BUSINESS

Djokovic, Nadal launch French Open bids as Swiatek puts streak on line

Asian stocks faced an uncertain start on Monday as persistent inflation fears and the prospect of rising interest rates dogged the global economic outlook, which remains mired in negative sentiment.

Stocks kept just above bear market terrain on Monday while the euro leapt after the European Central Bank said it was likely to lift its deposit rate out of negative territory by September.

The slump on Wall Street and rebound in the U.S. bond market point to a growing belief that recession is on the horizon, curtailing the Federal Reserve's tightening cycle sooner than it would like and opening the door to rate cuts later next year.

Broadcom Inc is in talks to acquire cloud service provider VMware Inc in a $60 billion deal which would further diversify the chip manufacturer's business into enterprise software, people familiar with the matter said.

Broadcom Inc is in talks to acquire cloud service provider VMware Inc in a deal which could transform the chipmaker into a diversified tech firm, people familiar with the matter said.

Insurance firm Swiss Re and banking giant UBS are among five founding buyers of credits from a scheme set up by a Swiss company to drive down the cost of taking carbon dioxide out of the atmosphere.

Iran says Guards colonel shot dead in Tehran attack

Paris street art legend Miss.Tic dies aged 66

Home improvement giants Home Depot and Lowe's shook off slowdown fears last week by reporting solid financial results for the first quarter.

Shrinkflation is what happens when the price of the basket of goods and services remains the same over time, but the items included in it get smaller.

Global private equity firm General Atlantic plans to plough $2 billion into India and Southeast Asia over the next two years after falling valuations made the region's startups more attractive, a senior executive told Reuters.

Polish president offers full support for Ukraine EU bid

Hundreds protest return of Spain ex-king Juan Carlos

US flight brings tons of needed baby formula from Germany

India must establish rules on cryptocurrencies to resolve regulatory uncertainty, protect investors and boost its crypto sector, CoinSwitch CEO Ashish Singhal said on Sunday.

India's Paytm Payments Bank, which facilitates transactions on mobile commerce platform Paytm, expects the central bank to allow it to resume taking on new customers in the next few months, a top executive told Reuters.

The Indian government is considering spending an additional 2 trillion rupees ($26 billion) in the 2022/23 fiscal year to cushion consumers from rising prices and fight multi-year high inflation, two government officials told Reuters.

IRS audits of crypto are increasing, and the IRS is inquisitive, learning and probing.

Polish leader lends support in Ukraine as Zelensky looks to Davos

Emerging from half a millennium of colonialist exploitation, free African nations are scrambling to grow both individually and collectively.

Any potential conflict in Asia could rapidly draw in F-35s from Japan, South Korea and Singapore.

Afghan women TV presenters vow to fight after order to cover faces

Afghan women TV presenters cover faces on air

'Nothing left': Mariupol picks up pieces after ferocious fighting

Moldova wine industry's EU focus pays off

Rich Lebanese buy 'island passports' as crisis bites

Manufacturers getting to grips with airless tyres

'Enormously risky': How NFTs lost their lustre