Ford Motor Company has terminated its electric vehicle (EV) battery supply agreement with South Korea’s LG Energy Solution (LGES), a deal valued at approximately $6.5 billion (9.6 trillion won), following shifts in production plans and EV demand outlook. LG Energy Solution confirmed the termination in a regulatory filing, stating that the notice came after Ford

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India Equity Benchmarks Muted Amid Fed Uncertainty and Foreign Fund Outflows India’s major stock indices traded cautiously on Wednesday, reflecting broader Asian market trends and investor uncertainty over the Federal Reserve’s rate trajectory following mixed U.S. jobs data. The Nifty 50 index rose 0.1% to 25,881.7 points, while the BSE Sensex gained 0.1% to 84,719.84

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India’s RBI Intervenes to Halt Rupee Slide Amid Market Volatility India’s central bank, the Reserve Bank of India (RBI), took decisive action on Wednesday to halt the rupee’s persistent decline, selling dollars in currency markets to stabilize the domestic currency. The intervention comes after the Indian rupee fell more than 1% over the previous four

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Investors and market participants are closely watching the latest UK inflation figures, which are set to be released ahead of the Bank of England’s (BoE) highly anticipated interest rate decision this Thursday. The inflation report represents the final hurdle for policymakers, with both headline and core consumer prices expected to have slowed on a monthly

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European shares climbed on Wednesday as financial stocks and resource-linked sectors led a market recovery following the previous session’s losses, while investors awaited fresh economic data to guide market direction. The pan-European STOXX 600 index rose 0.3% to 581.26 as of early trading, signaling cautious optimism among investors. Major regional bourses followed suit, with the

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German business morale fell unexpectedly in December 2025, signaling continued challenges for Europe’s largest economy as it struggles to regain growth momentum. According to the latest Ifo Business Climate Survey, the business climate index decreased to 87.6 in December, down from a slightly revised 88.0 in November. Economists surveyed by Reuters had anticipated a modest

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Former ANZ Group CEO Shayne Elliott has launched legal action against the Australian banking giant, claiming the lender breached his departure contract by withholding bonuses worth A$13.5 million ($9 million). The case, filed in the New South Wales Supreme Court, revolves around Elliott’s remuneration for the 2025 financial year and highlights ongoing tensions over executive

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China’s ambitious small bank consolidation drive has accelerated over the past year, but recent data shows that mergers of regional banks and rural lenders may be creating new financial risks. While Beijing aims to strengthen the country’s $8 trillion small banking sector, profit declines, shrinking capital buffers, and rising non-performing loans are testing the effectiveness

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India has streamlined business visa approvals for Chinese professionals, cutting bureaucratic hurdles and reducing approval times to less than a month. This major policy shift marks a significant step in improving India-China relations, addressing chronic delays that previously cost the Indian electronics sector an estimated $15 billion in lost production. The move comes as Prime

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Italian luxury fashion house Prada has announced a limited-edition collection of sandals made in India, priced at around €800 ($930) per pair. This initiative comes in response to criticism over cultural appropriation and aims to collaborate with Indian artisans, blending traditional craftsmanship with Italian luxury design. The sandals, inspired by 12th-century Indian Kolhapuri chappals, will

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