The newest entrant to the unicorn list include Pune-based MindTickle, which is close to finalising a $100-million funding round from Softbank’s Vision Fund 2, taking the company’s valuation to $1.1 billion. With 16 start-ups gaining unicorn status in 2021, India’s tally has touched the 50 mark. The newest entrant to this list include Pune-based MindTickle, which is close to finalising […]

New York (CNN Business)A new cleaning regimen is cutting back on flight delays as the skies grow busier this summer. But the new procedures aren’t for planes or even airport terminals — they’re for air traffic control towers. The cleaning methods are being instituted in Federal Aviation Administration air traffic control towers and facilities around the country, federal officials tell […]

Story Highlights The National Weather Service announced that more than 40 million people in the Western U.S. are under a heat advisory or excessive heat warning. Power grid operators in California and Texas are vigilant as areas hit triple-digit temperatures. Scientists say people living in the American West can expect more devastating heat waves in the coming years. A long-lasting […]

SYDNEY (Reuters) – Asian markets looked set for a rough ride on Thursday after the U.S. Federal Reserve stunned investors by signalling it might raise interest rates at a much faster pace than assumed, sending yields and the dollar sharply higher.FILE PHOTO: A man works at the Tokyo Stock Exchange after market opens in Tokyo, Japan October 2, 2020. REUTERS/Kim […]

Fed policymakers now expect to make two interest rate increases by the end of 2023. The Fed’s main policy interest rate, the federal funds rate, has been set at near-zero since March 2020. By Jeanna Smialek Federal Reserve officials on Wednesday moved up their expectations for when they will first raise interest rates from rock-bottom, a sign that a healing […]

"I could get in there and swizzle the business model a little bit and create some value," UPS CEO Carol Tomé said at the CNBC Evolve Global Summit. The former Home Depot CFO says the 114-year-old company had been slow to innovate, mired in bureaucracy, and since joining it has been spending more on ground delivery and growth among small […]

LONDON — London has been back in action since April, but the central part of town is still missing the buzz of the pre-COVID-19 era: Travel bans and continued office closures have kept the city center quiet and what was previously a high-demand retail hub has been left with one too many vacant storefronts. But there’s a collective effort to […]

FILE PHOTO: Federal Reserve Board building is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis(Reuters) – The Federal Reserve on Wednesday made technical adjustments aimed at keeping its key overnight benchmark interest rate from falling too low. The Fed raised the interest rate it pays banks on reserves held at the U.S. central bank at the end of its […]