Kia plans second Indian factory with about $2 billion in supplier-backed spending
The Anantapur project would add 200,000 vehicles in annual capacity and is expected to generate about 12,000 jobs.
Globe And Street: global business and finance news
Energy & Commodities
Oil edges lower as rising output counters supply risks
Brent fell 0.4% and US crude slipped 0.43%, with both contracts heading for weekly losses despite recovering from earlier declines.
Economy & Policy
BOJ's Asada cautions against near-term interest rate hike
Asada said growth and consumption lacked momentum despite positive real wages, and questioned whether demand was driving recent price increases.
- WorldChina, Uzbekistan and Kazakhstan agree to expand flight allowances
- MarketsJapan renews currency warning as dollar approaches 160 yen
- Economy & PolicyBOJ's Asada cautions against near-term interest rate hike
- CompaniesKia plans second Indian factory with about $2 billion in supplier-backed spending
- IPO & DealsAlibaba chip unit T-Head seeks Hong Kong listing
- Energy & CommoditiesOil edges lower as rising output counters supply risks
- Crypto & Digital AssetsFSB urges Turkey to tighten crypto and stablecoin oversight
- FinanceDeutsche Bank opens digital asset custody to paying clients
- TechUnited Airlines plans AI bot restrictions, citing security risks
China, Uzbekistan and Kazakhstan agree to expand flight allowances
The agreements also permit services to Chengdu and Kashgar and increase flight limits on routes connecting Uzbekistan and Kazakhstan.
Japan renews currency warning as dollar approaches 160 yen
Currency diplomat Atsushi Mimura said exchange-rate moves had been excessively fast, invoking Japan's summer interventions.
Japan advisers urge income and productivity gains beyond BOJ inflation goal
Four private-sector experts on a government panel said consumption remains weak, while the government has not formally declared an end to deflation.
Polymarket reduces workforce as competition with Kalshi intensifies
Contractors represented more than 50% of the cuts, a person familiar with the matter said. The company declined to disclose the overall share affected.
Alibaba chip unit T-Head seeks Hong Kong listing
The IPO's size and structure remain undecided, as does Alibaba's stake after the proposed listing, which still requires regulatory approval.
Uzbekistan wind and battery project nears full operation
The €232 million Nukus 2 project has 25 turbines generating power, with battery commissioning targeted for completion by the end of November 2026.
FSB urges Turkey to tighten crypto and stablecoin oversight
The watchdog called for dedicated stablecoin rules, better market data and stronger coordination with overseas regulators.
Deutsche Bank opens digital asset custody to paying clients
The lender also signed a memorandum of understanding with Deutsche Asset Management to explore cooperation on digital assets.
United Airlines plans AI bot restrictions, citing security risks
The carrier says its planned limits will cover direct access and access through travel agencies and aggregators.