The latest Business News: breaking personal finance, company, financial and economic news, plus insight and analysis into UK and global markets.

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, fueled largely by strength in materials and energy stocks amid higher commodity prices. Markets are also upbeat on news that Shanghai plans to gradually reopen after spending more than six weeks in lockdown after recent data showed a sharp contraction in Chinese economic […]

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SC clarifies on who can claim share in ancestral wealth

The Supreme Court (SC) recently declared that a Hindu father or the manager of a Hindu Undivided Family (HUF) has the power to make a gift of ancestral property for a ‘pious purpose’, but such an alienation can’t be permitted ‘out of love and affection’. A petitioner had filed a suit against his father­ and another person called KC Laxmana […]

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20-30% new products may be open to USFDA inspection

With all major US export-oriented drug manufacturing plants in the country up for inspection in 2022, some estimates peg that at least 20-30 per cent of the new product launches lined up for the US will be subject to on-site inspection by the US Food and Drug Administration (USFDA). The last two years saw limited physical inspections due to travel […]

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Pioneering professor heals wounds with spider silk

(CNN)Professor Fritz Vollrath keeps his spiders in luxurious accommodation on the roof of Oxford University. Dozens of plump Golden Orb Weavers cover the ceiling of a converted greenhouse, basking in the tropical humidity and lush foliage, as their intricate webs pluck delicacies from an ever-present swarm of flies. “I don’t understand arachnophobia,” says Vollrath, as he inspects his brood. After […]

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Covid-19 crisis creates 'new poor' throughout Italy

Davos, Switzerland (CNN Business)The last time top politicians, CEOs and billionaires gathered in a Swiss mountain village to discuss society’s biggest problems and pitch their solutions, the coronavirus outbreak in China was little more than a remote threat. The economy was humming, and a major armed conflict in Europe was on nobody’s list of major risks. More than two years […]

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This Is the State With the Most Veterans

The Department of Veterans Affairs says there are 19 million veterans in the United States. These include a few who served in World War II, which ended in 1945, and a large number who leave the military each year today. Those who have served get a modest set of benefits when they retire, including access to VA hospitals, pension and […]

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States Where the Most People Rent Their Homes

A little over one-third of U.S. households rent their homes. While many associate homeownership with economic stability, renting is often a safer choice, granting more flexibility. At the same time, in cities across much of the country, for a large share of residents, particularly young ones, renting is the only financially feasible choice.  To determine the states with the highest […]

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Greatest Fighter Pilots in Aviation History

A critical failure but a popular success, the movie “Top Gun” illustrates what seems to be an undeniable truth, fighter pilots are a separate breed. They are exceedingly driven risk-takers, with athletic prowess and quick intelligence. Often, they are Tom Cruise cocky. (If you’re a fan, these are Tom Cruise’s biggest and best movies.)  And they win wars. 24/7 Wall […]

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