BUSINESS

New bank lending in China nearly doubled in September from the previous month and far exceeded expectations after the central bank acted to spur an economy weakened by a property crisis and a resurgence of COVID-19 cases.

The U.S. Department of Labor proposed a rule on Tuesday that would make it more difficult for companies to treat workers as independent contractors, a change that is expected to shake up the business models of the ridesharing, delivery and other industries that rely on gig workers.

U.S. stock indexes were set for a subdued open on Tuesday as investors assessed the economic impact of aggressive rate hikes, escalating Russia-Ukraine war and China ramping up COVID-19 measures.

The International Monetary Fund on Tuesday cut its global growth forecast for 2023 amid colliding pressures from the war in Ukraine, high energy and food prices, inflation and sharply higher interest rates, warning that conditions could worsen significantly next year.

Signs that the European Union may jointly fund the bloc's response to the energy crisis would mark the next milestone on the path towards permanent joint debt sales in the bloc.

Despite the end of COVID-related lockdowns, Americans continue to quit their jobs in droves.

The home's current owner is reportedly Hui Ka Yan, the founder and chair of the troubled Chinese property group Evergrande.

Shielding Ukraine from Russian strikes a challenge: analysts

Delta Air Lines said Tuesday it invested $60 million in air taxi startup Joby Aviation for a 2% equity stake, in a partnership that will initially offer passengers air taxi transport to and from airports in New York and Los Angeles.

Yuri Milner's net worth stands at $7.3 billion.

Monte dei Paschi di Siena is closing in on a guarantee contract with a group of banks which will enable its new share issue to be approved at a board meeting later on Tuesday, three people with knowledge of the matter said.

Alarm grows over Iran protest crackdown in Kurdish city

Warren Buffet-backed Chinese electric carmaker BYD launched its first passenger car in India on Tuesday, an electric sport-utility vehicle (SUV), marking its entry into the mainstream market amid a broader global expansion.

India's government will push Apple, Samsung and other mobile phone manufacturers to prioritise rolling out software upgrades to support 5G in the country, amid concerns that many of their models are not ready for the recently launched high-speed service.

Cryptoasset companies should set aside capital like banks when undertaking similar activities, regulators proposed on Tuesday in their first global rules as a "crypto winter" wiped $2 trillion off the sector, leaving investors nursing losses.

U.S. chip toolmaker KLA Corp will cease offering some supplies and services from Wednesday to China-based customers including South Korea's SK Hynix in compliance with recent U.S.

France threatens to break refinery blockades in strike standoff

BoE widens action on 'UK financial stability' fears

Renault Chief Executive Luca De Meo toured a South Korean factory run with China's Geely Automobile on Tuesday, as he pitched for sweeping restructuring of an alliance that would allow the French automaker to focus on electric cars.

Israel says close to 'historic' maritime deal with Lebanon

US Supreme Court to hear case of Texas man on death row

It's not easy being a crypto investor.They've seen the value of their holdings drop like a brick this year, and now many are stewing over the safety of their crypto cash after a series of heists that's seen around $2 billion spirited away by hackers.

Government bond prices around the world are moving in tandem, reducing investors' ability to diversify their portfolios and raising concerns of being blindsided by market gyrations.

Elon Musk's banks, faced with huge losses on their commitment to finance the $44 billion buyout of Twitter Inc, may not be able to back out of the deal easily but they might have a way to minimize the hit they take.

Drivers using advanced driver assistance systems like Tesla Autopilot or General Motors Super Cruise often treat their vehicles as fully self-driving despite warnings, a new study has found.

'Drunkard,' 'redneck,' a few of the milder insults in Brazil runoff

Asian markets swing on recession fears as inflation data looms

The dollar loomed large over fragile financial markets on Tuesday, with worries about rising interest rates, global growth and geopolitical tensions unsettling investors, while the yen was testing levels that have prompted official intervention.

Weinstein sex assault trial opens in Los Angeles