Author: TI Editor
(Bloomberg) — China’s distressed developers are increasingly asking local courts to drive their restructuring efforts, as weak home sales continue to weaken their ability to make headway or deliver on private debt workout plans. Chongqing Casin Property Development Group Co. late last month became the newest among its peers to apply for the court to overhaul its debt. The move followed a Bloomberg News’ report that defaulter China Fortune Land Development Co. is considering scrapping a creditor-approved debt plan for a court-led solution. Jinke Property Group Co. was the country’s first high-profile, listed delinquent builder to pursue this option. The…
Credit cards are a convenient way to earn rewards and cashbacks on your expenses. Your credit card PIN is usually a 4 digit or 6 digit number which secures your card from unauthorised usage of your card. This PIN is only known to you and is extremely important whenever you make an offline transaction through your credit card. Changing your credit card PIN is quick and simple and can be done in simple steps.In conclusion, credit cards can make you form a habit of overspending and if you do not plan your expenses wisely, you may end up in a…
Scientists have escalated concerns over asteroid 2024 YR4, a sizeable space rock with an increasing likelihood of colliding with Earth in 2032, reported the New York Post.According to the latest calculations by NASA, the asteroid now has a 2.6 per cent chance of impact—a probability of 1 in 38—marking the highest risk level assigned to it thus far, reported the publication citing a New Scientist report.First detected in December 2024, YR4 was initially deemed to have a 1-in-83 chance of striking the planet. However, as astronomers gathered more data, those odds worsened, climbing from 1-in-67 to 1-in-53, then 1-in-43, and…
MUMBAI (Reuters) – The Reserve Bank of India will conduct a massive $10 billion three-year dollar/rupee swap auction next week to infuse durable rupee liquidity into the banking system, which has been reeling under large cash deficits, the central bank said on Friday.The RBI will conduct the buy/sell swap on February 28, it said in a release. The first leg of the transaction would be settled on March 4 and could infuse around 870 billion rupees ($10 billion) into the banking system. Earlier this year, the RBI announced a six-month swap through which it infused $5.1 billion into the system, however,…
For most startups, a buyout offer nearing $100bn is something to be celebrated. But OpenAI is not like other startups—and Elon Musk is not like other acquirers. On February 11th a consortium led by the world’s richest man made an unsolicited $97bn bid for the assets of the non-profit entity that controls OpenAI, the world’s leading developer of artificial-intelligence (AI) models. Mr Musk, who helped found the firm, is in an escalating feud with Sam Altman, OpenAI’s boss, over its transition to a more orthodox, profit-seeking corporate structure, which Mr Musk claims would be a betrayal of its original safety-first…
Our PicksBest Overall ProductBest Value For MoneyFAQsAre you looking for the best hot and cold water purifier to ensure clean and safe drinking water for your family? With the increasing need for clean drinking water, the market is flooded with a variety of water purifiers. In this comprehensive guide, we have curated a list of the top 8 hot and cold water purifiers available in 2025. Whether you’re looking for an energy-efficient water filter or a dual-temperature water purifier, we’ve got you covered. Read on to explore the key features, pros, and cons of each product to make an informed…
UnitedHealth Group shares tumbled early Friday on a report that the U.S. Department of Justice has started an investigation into the health care giant’s Medicare billing practices. The Wall Street Journal said federal officials have launched a civil fraud investigation into how the company records diagnoses that lead to extra payments for its Medicare Advantage plans. Those are privately run versions of the government’s Medicare coverage program mostly for people ages 65 and over. The paper, citing anonymous sources, said the probe focused on billing practices in recent months. When asked for comment by The Associated Press, a UnitedHealth representative…
(Bloomberg) — New York’s top prosecutor is suing Puff Bar and about a dozen other makers and distributors of popular e-cigarette brands for alleged illegal sales practices and marketing products to children. The lawsuit follows a two-year investigation by Attorney General Letitia James’ office that found the companies’ marketing campaigns targeted underage customers and misled consumers. The state said it is seeking hundreds of millions of dollars in damages. “The vaping industry is taking a page out of Big Tobacco’s playbook: they’re making nicotine seem cool, getting kids hooked, and creating a massive public crisis in the process,” James said…
If you want to earn rewards and cashbacks every time you make a transaction, you can consider applying for a credit card. Canara Bank offers credit cards which are designed to provide you exclusive offers on travel, entertainment, dining and any much more. However, in order to get the best deal, you must understand the eligibility criteria as well as the documents required to apply for the credit card.Eligibility criteria for Canara Bank credit cardYour age must be between 21 and 60 years.You are required to earn a minimum annual gross income of ₹1 lakh.A Permanent Account Number (PAN) is…
(Bloomberg) — Environmental and lifestyle factors play a far greater role than genetics in determining the likelihood of dying young, according to the largest study yet to untangle the contributions of nature and nurture to healthy aging. A range of external factors including exercise and smoking — collectively dubbed the “exposome” — was almost 10 times more likely than genetic risk factors to explain premature mortality, scientists from the University of Oxford and Massachusetts General Hospital said in the Nature Medicine journal. They analyzed mortality trends in the UK Biobank, which stores medical and genetic data from about 500,000 people.…