HDFC Bank names former Finance Secretary Rajiv Kumar as part-time chairman, months after Atanu Chakraborty's abrupt resignation raised governance questions at India's largest private lender.

Japan's factory output rises as manufacturers absorb fallout from the war in Iran, signaling resilience in industrial production despite supply chain disruptions.

Japan's factory output rose as manufacturers coped with the fallout from the war in Iran.

German government seeks incentives to stop Volkswagen closing 4 factories and cutting up to 100,000 jobs amid pressure from Chinese rivals and US tariffs.

The German government seeks to prevent Volkswagen factory closures through incentives. The carmaker considers closing 4 factories and cutting up to 100,000 jobs in Germany as it faces pressure from Chinese rivals, US tariffs and weakening demand.

IMF reaches staff-level agreement on Egypt's 7th EFF review and 2nd RSF review, unlocking $1.5B under EFF and $136M under RSF upon completion.

IMF reaches staff-level agreement on Egypt's seventh EFF review and second RSF review; completion would unlock $1.5 billion under EFF and $136 million under RSF arrangements.

World Bank removes quantitative climate targets from its financing after US criticism it should refocus on economic development

The World Bank decided to remove quantitative targets for incorporating climate objectives into its financing, months after US criticism that it should refocus on economic development.