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India's large caps stuck in 'bygone economic era', says Bernstein, as foreign investors head for the exit
Source: CNBC
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CNBC
Novo CEO signals M&A opportunities to strengthen drug pipeline
Novo CEO Mike Doustdar told CNBC that it is considering M&A opportunities as it faces growing competition in the weight-loss market.
The Guardian
UK government borrowing jumps over forecast to £18.3bn in August, in ‘dismal picture’ ahead of the budget – business live
The rising cost of servicing the UK national debt pushed up borrowing last month How much ‘headroom’ might John Healey still have to keep within the government’s fiscal rules? That’s the question dogging Westminster and the City. “The chancellor has probably lost about half the headroom he inherited, leaving it between £10bn to £15bn. As long as the headroom is in double figures, he will probably be able to avoid topping it up, but the drop in headroom means any additional day-to-day spending, such as on defence or cost of living, will have to be paid for by higher taxes. “What’s more, if the recent rise in energy prices is sustained through the next few months, household energy bills could rise by another 25% in January, which would take them above the level that the previous government capped them at. That would only further increase the pressure to act on cost of living by temporarily
CNBC
Trump to press Zelenskyy for energy truce, says Russia has ‘lost control’ of oil due to Ukraine war
U.S. President Donald Trump said Russia has “lost control” of its diesel oil industry due to the Ukraine war, as he presses Kyiv to agree to an energy truce.
BBC Business
Unexpected UK borrowing surge adds to pre-Budget pressure on chancellor
Borrowing was higher than expected in August as inflation piles pressure on the government ahead of the Budget.
CNBC
Soccer superstar Kylian Mbappé on ending 20-year journey with Nike: 'It was time to change'
Soccer Champion Kylian Mbappé said he was ready for "change" after ending his association with Nike and entering a deal with Swiss sportswear brand On.
CNBC
Oil rises amid worries of growing Iran-U.S. tensions after Bessent issues Iranian airline shutdown warning
Oil rose Tuesday, amid concerns of growing Iran-U.S. tensions. after U.S. Treasury Secretary Scott Bessent told CNBC that all Iranian airlines will be shut down from Wednesday.