AI boom drives US startup funding close to record highs
Startup funding in the United States soared 75.6% in the first half of 2025, reaching $162.8 billion, according to a new report from PitchBook released Tuesday. It marks the strongest…
Economy
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Trump’s 50% tariff on Brazil imports to brew trouble for Starbucks and Dutch Bros
Shares of Starbucks and other major US coffee retailers could face higher costs after the Trump administration proposed a sweeping 50% tariff on all imports from Brazil — the world’s…
China’s exports surge amid waning frontloading demand
In June, China’s exports saw a renewed surge, and imports also recovered. The surge was largely due to companies expediting shipments to leverage a temporary tariff agreement between Beijing and Washington,…
US to announce 30% tariff on EU and Mexico says Trump
US President Donald Trump has unveiled fresh tariff threats against key US trading partners, announcing a 30% rate on imports from Mexico and the European Union (EU) if the countries…
Why India is rushing to build bigger banks and what’s standing in the way
India is stepping up efforts to expand its banking sector, aiming to fuel its rapid economic growth and inch closer to its $5 trillion GDP target.To realise this, the government…
Wall Street braces for weakest earnings season since 2023 amid market highs
As the second-quarter earnings season kicks off, US equity markets are hovering near record highs, buoyed by optimism that many now hope will be validated by incoming corporate results. Yet…
Interview: Anticipate certain govt depts to start exploring decentralised messaging, says Session co-founder Kee Jefferys
The Certified Information Systems Auditor (CISA)’s recent warning about two critical vulnerabilities in TeleMessage TM SGNL—actively being exploited by threat actors—has prompted stakeholders to sit up and take notice.The US…
Kraft Heinz plans breakup, weighs $20 billion grocery spin-off: report
Kraft Heinz is preparing to break itself up in what could be its most significant restructuring since the company’s formation in 2015, The Wall Street Journal reported on Friday. Nearly…
Oil prices rise on Trump’s sanction threat on Russia; oversupply to weigh on sentiments
Oil prices rose on Friday, following US President Donald Trump’s announcement of an upcoming statement concerning Russia, which hinted at potential additional sanctions on the significant oil-producing nation. However, concerns about…
Glenmark Pharma hits record high after $2B licensing deal for cancer drug
Shares of Glenmark Pharmaceuticals surged 14% to an all-time high on Friday after its biotechnology unit, Ichnos Glenmark Innovation (IGI), signed a landmark licensing deal with US drugmaker AbbVie for…