Business – Page 145

India’s Power Demand Hits Repeated Records Day and Night Amid Historic Heatwave

India’s electricity demand has surged to new highs driven by unprecedented heat leading to occasional shortfalls in the national grid.

Jio Payments Bank’s new fintech partnership aims to extend digital financial services to underserved rural communities across India.

South Korea’s AI sector is creating fierce talent competition with firms offering bonuses as high as $340000 to attract engineers.

Amazon’s UK tax payments rose 20% driven by higher employment taxes and revenue growth in its British operations.

Scotland significantly underperformed the broader UK economy in Q1 2026 with a tepid 0.1% GDP growth figure.

Standard Life’s Andy Briggs says the upcoming Pension Commission report must lead to meaningful reform to avert a retirement savings crisis.

Conglomerate Jardine Matheson signals readiness for more acquisitions after a major restructuring investment to modernize its business portfolio.

MIT professor warns that Musk’s ambition to vertically integrate SpaceX with Tesla and other ventures faces enormous complexity post-IPO.

UK businesses and households face fresh pressure as utility costs and food prices continue their upward trend in May 2026.

The S&P 500 gained 0.58% to 7563.63 and Nasdaq rose 0.91% to 26917.47 as negotiators reportedly reached a ceasefire extension deal.