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British Steel draws up plan for 800 job losses amid government funding talks

By MediaIntel.Asia

Britain’s second-biggest steel producer has been drawing up secret plans to axe hundreds of jobs even as it continues talks with ministers about £300m of taxpayer funding that would partly depend on decade-long employment guarantees.
Sky News has lear…

Great Budget for CapEx and Railways, Not Bad for Direct Taxes

By MediaIntel.Asia

Finance Minister Nirmala Sitharaman began her speech by calling Budget 2023 the first one in Amrit Kaal. The reference and indeed, the implicit branding, is towards the next 25 years, during which India is expected to change for the better. India will…

US futures sluggish ahead of Fed rate decision

By MediaIntel.Asia

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U.S. futures dipped Wednesday ahead of the Fed’s 19-member policy committee meeting, where benchmark interest rates are expected to be lifted to the highest level in about 15 years.
Futures…

The IMF’s improved economic outlook won’t deter central banks

By MediaIntel.Asia

The world economy is faring slightly better than expected.
Of course, global growth is projected to fall to 2.9% in 2023, down from a 3.4% expansion in 2022, according to fresh projections by the International Monetary Fund (IMF). But that’s still 0.2…

Myanmar preps for elections 2 years after military coup amid fears of violence

By MediaIntel.Asia

Bangkok (Thailand): Two years after a coup snuffed out Myanmar’s short-lived democratic experiment, the country’s military is planning elections that analysts warn could spark further bloodshed as opposition to junta rule rages on.
Observers also say …

Markets settle marginally higher ahead of Budget, US Fed’s rate decision

By MediaIntel.Asia

Equity benchmarks ended with marginal gains on Tuesday as investors adopted a cautious approach ahead of the Union Budget presentation and the US Federal Reserve’s interest rate decision.
Fag-end buying helped the 30-share BSE benchmark Sensex settle …

Apple Is Now Making AirPods Components in India

By MediaIntel.Asia

A U.S.-based Apple supplier has begun making components for AirPods in India, marking a significant step in the tech giant’s push to expand production in the country, reports Bloomberg.
According to the news outlet, the Indian unit of Florida-based el…

Renault to lose 28% stake in Nissan in restructuring deal

By MediaIntel.Asia

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Members of the Renault-Nissan-Mitsubishi Motors alliance are expected to give final approval to a restructuring deal that would cut Renault’s ownership stakes within the longtime partnership. File photo by Keizo Mori/UPI | License Photo
Jan. …

Pakistan’s plight isn’t solely because its elite are corrupt. Their values have failed too

By MediaIntel.Asia

Elite-bashing is Pakistan’s newest sport. As the country stares into the default abyss, the ubiquitous phrase — ‘elite state capture’ — putati­vely explains all that has gone awry. Fat-cats are blamed for stealing public resources, conspicuous consump…

Will India, Japan join Australia, US and UK to form NATO-like alliance to counter China in Indo-Pacific?

By MediaIntel.Asia

Amid growing Chinese aggression, the UK has called for the formation of a NATO-like military alliance in the Indo-Pacific.
It has also called for the inclusion of India and Japan in the AUKUS security pact.
“The chair of the UK’s defence select commit…