Economy
India on $24 bn jobs drive in Modi's first post-election budget
India's government will spend $24 billion on employment and training, it said Tuesday, as Prime Minister Narendra Modi looks to address uneven economic growth and mollify disgruntled voters after a surprising election setback last month. Robust economic growth in India has driven a tax windfall, allowing the government to increase spending while still reducing debt.
Bosses resign at Japan supplement firm probing deaths
The chairman and president of a major Japanese dietary supplement maker announced their resignation on Tuesday, as the company probes 80 deaths potentially linked to tablets meant to lower cholesterol. Last month, the company said it was probing a total of 80 deaths possibly connected to its pills, and investigating whether organs other than kidneys were harmed.
Naira trades at new rates against pound, euro after crashing against US dollar
The Nigerian currency the naira, traded low against the British and the euro. It also crashed heavily against the US dollar in the official market on Friday, July 19
Theme park's novel bid to fix South Korea youth unemployment
At a kids' role-playing theme park in Seoul, 23-year-old Park Woo-joo is on a very adult mission: the university-educated but unemployed South Korean is searching for his future career. At the sprawling indoor theme park, while people dressed as police officers and Supreme Court judges role-played in purpose-built areas, Park told AFP he was eager to "experience as much as possible".
Most Asian markets rise after US rally ahead of inflation report
Asian markets rose Tuesday, building on a tech-led surge in Wall Street equities as investors returned to the sector after last week's losses, while attention turned to the upcoming release of key US inflation data.
Rebounding chip shares lead US stocks higher
Semiconductor shares were among the big winners Monday, rebounding from recent weakness as US stocks climbed ahead of major earnings and economic data later this week. This week's earnings calendar includes reports from Google parent Alphabet, General Motors and Coca-Cola, while the economic releases include personal consumption pricing data. jmb/aha
Delta still struggling with effects of IT outage
Delta Air Lines struggled on Monday with lingering effects from a global IT outage, canceling hundreds more flights than US aviation rivals. But by Monday air travel competitors such as American and United had cancelations numbering only in the dozens, according to flight tracking programs.
Israel strikes on Yemen port: what is the damage?
Israeli strikes on Saturday hit a power plant and fuel storage facilities in Hodeida, the main port under the control of Yemen's Iran-backed Huthi rebels. A nearby power plant was also targeted, according to the rebels.
France's Vivendi eyes London listing for Canal+ TV arm
French media group Vivendi said Monday it plans to list its television unit, Canal+, on the London stock exchange and its communications firm Havas in Amsterdam if it goes forward with splitting up the company. A Canal+ listing in London would be a boon for the London Stock Exchange which has struggled to attract new listings.
Economy
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