Asia
The Hindu BusinessLine

In major relief, Chennai Airport passenger pick-up plaza to be inaugurated virtually on Sunday

After nearly two years of delay, the passenger pick-up plaza at Chennai Airport will finally be inaugurated on Sunday, with Civil Aviation Minister K Ram Mohan Naidu set to open the facility virtually. The virtual inauguration is due to the ongoing BRICS Summit, a statement said. This will be a major relief for passengers arriving from both domestic and international arrivals who had to travel in golf carts to reach the taxi pick-up points. The ₹23-crore plaza will provide passengers with a pick-up point directly opposite the T1 domestic terminal, allowing them to board cabs without having to make the long trek to the multi-level car parking facility. The existing pick-up point at the airport complex will also continue to operate, sources said. Construction of the plaza began in 2023 and was originally scheduled for completion by October 2024. However, the project faced delays, pushing back its opening by nearly two years. For passengers, particularly those arriving on international flights with large amounts of baggage, the new facility is expected to be a significant relief. At present, passengers seeking a cab from the designated pick-up area have to travel to the multi-level car park. Though airport buggies are available to ferry passengers, long queues can often make the service inconvenient. The need for a closer, dedicated pick up point has been a long time demand of passengers landing at the Airport. The pickup plaza provides a dedicated and regulated facility for vehicles arriving to pick up passengers. Initially the plaza will accommodate cab aggregators including Uber, Ola, Rapido, Fast Track, Red Taxi, WTi and pre-paid taxi. The facility will be extended to other yellow board vehicles in future, once the new system is streamlined, said airport sources. The plaza has a seating capacity of 150 passengers and is equipped with covered roofing, drinking water facilities, Flight Information Display System (FIDS) and other passenger amenities. Located approximately 30 m in front of Terminal 1, the Pickup Plaza has been designed to facilitate systematic vehicular movement and ensure a more organised and efficient passenger pickup process. The facility comprises three dedicated traffic lanes, each 7 metres wide. Lanes A and B are designated for passenger pickup, while Lane C functions as the exit lane and incorporates a U-turn facility. This configuration enables orderly entry, passenger pickup and exit, thereby facilitating smooth traffic circulation within the terminal frontage.

In major relief, Chennai Airport passenger pick-up plaza to be inaugurated virtually on Sunday
Europe
BBC Business

Apple Maps renames Lake Ontario as Lake America after Trump order

Apple has renamed Lake Ontario as Lake America on its maps service app, after an order from US President Donald Trump as part of Washington's trade spat with Canada. The change was made for US-based users, while those in Canada will continue to see Lake Ontario displayed. The BBC has contacted Apple for comment. The iPhone maker's move follows Trump's executive order to change the lake's name after trade talks between the neighbouring countries collapsed late last month, with Washington imposing new 50% tariffs on $20bn (£14.8bn; C$28bn) worth of Canadian goods. Rival technology giant Google made a similar switch for its users in the US in recent days, leading to backlash on social media. Canada has responded to Washington's levies, saying it will implement "dollar for dollar" counter-tariffs. Prime Minister Mark Carney's administration had walked away from the trade negotiations, due to what his office has called unacceptable demands. Carney told the Trump administration to "start being serious" and stop trying to be tough before discussions between the sides can restart. Trump's executive order gives the US Department of the Interior 30 days to update the change with the Geographic Names Information Service - the official database of what places are called in the country. The president has also posted several AI-generated videos on social media, including a clip of him kicking over a Lake Ontario sign and replacing it with another that says "Welcome to Lake America". At the lake itself, Canada has installed a new sign with the words "Lake Ontario. Now and Always". "Just in case President Trump or anyone else forgets, we've set up this sign to remind them, it's Lake Ontario, now and forever," Ontario Premier Doug Ford said. The names of four of the five Great Lakes - Ontario, Huron, Michigan and Erie - come from indigenous words.

Apple Maps renames Lake Ontario as Lake America after Trump order
Asia
The Hindu BusinessLine

India’s cookware market shifts from price to performance as premiumisation gathers pace

Consumers are becoming more conscious of the materials and technologies used in kitchen products, while digital platforms are exposing them to global cooking trends, chefs and design-led products. India’s cookware market is moving beyond its traditional price-and-familiarity-led buying pattern, with consumers increasingly looking at safety, durability, convenience, performance and design, according to Siddharth Gadodia, CEO and co-founder of Ember. Citing Mordor Intelligence, Gadodia said the Indian cookware market was valued at $1.87 billion in 2025 and is expected to reach $2.85 billion by 2031, growing at a CAGR of 7.27 per cent. Stainless steel accounted for 34.95 per cent of the market in 2025, while online sales are projected to grow 8.68 per cent through 2031. “The market is at an important point of transition, with both the category and consumer expectations evolving,” Gadodia said. According to him, consumers are becoming more conscious of the materials and technologies used in kitchen products, while digital platforms are exposing them to global cooking trends, chefs and design-led products. This is pushing demand towards cookware that combines functionality, versatility and aesthetics. Ember is positioning itself around this shift, arguing that premiumisation is not simply about selling more expensive cookware but giving consumers a clear reason to upgrade. The company has developed products across ceramic, cast iron and stainless steel, including its Arcilla ceramic technology, TitaniumClad cast iron and TitaniumSteel stainless steel platform powered by NanoFusion. Its latest SuperPan range is aimed at addressing a longstanding trade-off between stainless steel and conventional non-stick cookware. The product uses NanoFusion technology, which the company says engineers the stainless-steel surface to improve food release without relying on a conventional non-stick coating. “SuperPan represents our larger philosophy at Ember: take familiar kitchen products and use material science and engineering to make them fundamentally better,” Gadodia said. The company now plans to expand beyond cookware into kitchen tools, storage and countertop appliances over the next two to three years. It also plans to strengthen its direct-to-consumer business while expanding across modern trade, general trade and other retail formats. Gadodia believes the premium cookware segment remains relatively underpenetrated in India. Over the next five years, he expects the market to become increasingly driven by design, performance and health, with consumers moving from replacing cookware when it breaks to upgrading products because they perform better. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

India’s cookware market shifts from price to performance as premiumisation gathers pace
Asia
The Hindu BusinessLine

Slikk eyes ₹100 crore monthly GMV in Bengaluru, plans Delhi, Mumbai expansion

Quick fashion commerce startup Slikk is targeting ₹90-100 crore in monthly gross merchandise value (GMV) from Bengaluru by March as it expands its dark-store network and prepares to enter Delhi and Mumbai over the next six to nine months, said Akshay Gulati, co-founder and chief executive officer. The Bengaluru-based company, which has grown nearly 10x over the past six to seven months, currently operates six dark stores in the city and plans to add another four over the next two months. By the end of the year, it expects to have around 12 dark stores in Bengaluru. “We’re also on track to reach ₹45-50 crore in monthly GMV over the next two months,” Gulati said. Slikk’s expansion comes as the quick-fashion segment faces questions around whether rapid delivery can translate into a sustainable business. Several startups have struggled to scale, while larger fashion platforms such as Myntra and Reliance Retail have also brought faster delivery into their existing ecosystems. Slikk, however, is betting on repeat purchases and unit economics to build its business. Gulati said the company’s repeat rate is among the highest in India’s fashion marketplace space, across both legacy and newer fashion platforms. The company currently has more than 25,000 SKUs on its platform, with around 40-45 per cent of these coming from its “BAU drivers”, or products that consistently contribute to sales. Unlike many consumer internet businesses that rely heavily on discounting to drive repeat purchases, Slikk claims it offers negligible discounts to returning customers. “All our repeats are driven by great serviceability, our curation getting better month on month, and a better selection coming on board,” Gulati said. The company also claims positive order-level contribution margins, with Gulati saying Slikk currently has the highest net CM1 among quick-commerce players. Its burn has declined 50 per cent over the past six months, while CM2 has been shrinking each month. Slikk is now positioning itself as a broader fashion destination for consumers aged 18-35, rather than solely as a quick-fashion platform. “We’re evolving into a primary fashion destination for everyone in the 18 to 35 age group, and that’s working really well for us,” Gulati said. The company has raised $13.5 million across three funding rounds and is planning its next fundraise over the next couple of months. It has raised $300,000 in pre-seed funding, followed by a $3.2 million seed round led by Lightspeed and a $10 million Series A led by Nexus Venture Partners, with participation from Lightspeed. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

Slikk eyes ₹100 crore monthly GMV in Bengaluru, plans Delhi, Mumbai expansion
North America
CNBC Finance

Livestream shopping is gaining steam in the U.S., thanks to apps like TikTok and Whatnot

From a warehouse just north of Chicago, Sarah Potempa – celebrity hairstylist and CEO of the viral Beachwaver hair curling iron – keeps thousands of viewers hooked for hours selling products on TikTok live. This kind of livestream shopping, which has boomed in China over the past decade, is building momentum in the U.S. thanks to social media giant TikTok and live commerce platform Whatnot, which just reached a $20 billion valuation. Beachwaver did about $8,000 in sales during the first four hours of a TikTok livestream in late July, which CNBC sat in for. She auctioned off limited-edition curling irons as her teenage son DJed behind her; demoed hair care products; and promised viewers she would shave her brother-in-law's head live on camera if they sold 500 orders. It was one of hundreds of livestreamed shows that Beachwaver does each year. About a quarter of its $1 million in TikTok Shop sales so far in 2026 originated from livestreams, where the company hosts its own selling shows and works with affiliate creators on the popular social media app. Reminiscent of the QVC craze of the past few decades, livestream shopping puts consumers in front of hosts who sell products in real time. Now, QVC is live on TikTok for more than 200 hours per week across seven channels, according to the company, as it prioritizes digital after recently emerging from bankruptcy. "QVC is a great example of a large established retailer that might have been seen as a competitor to TikTok shop … but in fact they have turned out to be a really successful merchant," said Patrick Nommensen, president of strategic initiatives for TikTok Shop in the Americas. "Nobody is saying, OK, you have 10 minutes at 7 p.m. and get ready and here's your 10 minutes and you're done," said Potempa. "You definitely need to be on longer on a digital platform, but you really are more in control of the revenue." The U.S. live shopping industry is forecasted to reach nearly $20 billion in sales in 2026, about 35% higher year-over-year, according to eMarketer industry estimates. Still, it's a far cry from the rapid growth that live shopping experienced in China. Alibaba introduced Taobao Live in China in 2016. Within five years, the market crossed $50 billion, and it's projected to top $1.1 trillion in 2026, according to eMarketer. Live shopping has been increasingly integrated into Chinese "super apps," which are utilized by millions of users and combine features like social media and messaging in the case of WeChat or AI assistance, food delivery and travel booking on Alibaba's Qwen.

Livestream shopping is gaining steam in the U.S., thanks to apps like TikTok and Whatnot
North America
Yahoo Finance

Wall Street headed into the red, bond markets are twitchy, while oil keeps pushing higher

Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Wall Street can't shake off the war jitters. Futures are pointing lower again, with the tech-heavy Nasdaq off 0.6%, the S&P down 0.2% and the Dow sitting on the gain line. On the commodities market, Brent punched above $95 a barrel after the latest US strikes on Iran. Trump isn't backing down either, warning he'll hit Tehran "much harder" if Iran hits back. Bond markets are feeling the heat too. The 10-year yield jumped to 4.79%, and the 30-year hit 5.27%, as inflation fears creep back into the conversation. There's a side plot brewing with Canada as well. Mark Carney wants Washington to "stop throwing shade" before trade talks resume, though Bessent insists there's no war to speak of. Today's watch list: ADP jobs data lands as a warm-up act for Friday's payrolls, while Broadcom, H-P and Snowflake report after the bell.

Wall Street headed into the red, bond markets are twitchy, while oil keeps pushing higher
North America
CNBC Finance

Stan Kroenke agrees to buy MLB's Angels, valuing team and regional network at $4 billion

Stan Kroenke has added an MLB team to his growing sports empire, agreeing to purchase a controlling stake in the Los Angeles Angels from the Moreno family, according to a release. The transaction values the Los Angeles Angels and their regional sports network at $4 billion, according to a person with direct knowledge of the deal, who was not authorized to speak on the matter. "The Angels are a storied franchise anchored in a great market. We look forward to an exciting future with the Angels organization," Kroenke, owner and chairman of Kroenke Sports and Entertainment, said in the release. Kroenke Sports and Entertainment was valued at more than $26 billion in CNBC's most recent list of the world's most valuable sports empires, published in June. The addition of a baseball team gives KSE ownership in every major professional sport and a deeper presence in one of the top sports and entertainment markets in the world. KSE also owns SoFi Stadium and the 300-acre Hollywood Park district in Inglewood, California. Kroenke spent more than $5 billion on the stadium, which is home to both the Rams and the Los Angeles Chargers. "The Moreno Family has been honored to steward the Angels for 23 years and we believe with KSE's experience and success they are the best next owner for the franchise," Arte Moreno said in a statement. Get this delivered to your inbox, and more info about our products and services. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

Stan Kroenke agrees to buy MLB's Angels, valuing team and regional network at $4 billion
Europe
The Guardian

Maria Bartiromo’s lawyer denies she was fired from Fox News anchor role

Fox Business Network's Mornings with Maria show anchor Maria Bartiromo, speaks during an interview, on 9 June 2026, in Washington. Photograph: José Luis Magaña/APView image in fullscreenFox Business Network's Mornings with Maria show anchor Maria Bartiromo, speaks during an interview, on 9 June 2026, in Washington. Photograph: José Luis Magaña/APFox NewsMaria Bartiromo’s lawyer denies she was fired from Fox News anchor roleFox announced host’s departure Thursday but gave no explanation, only saying it was effective immediately Maria Bartiromo’s lawyer sharply denied that she was fired from her job at Fox News on Friday, after reports that she was dismissed after divulging the network’s editorial guidance to the White House. Fox announced Bartiromo’s departure on Thursday but provided no explanation, saying only in a statement that it was effective immediately. “Effective today, Maria Bartiromo is no longer with FOX News Media,” the network said in a press release, adding in a statement: “We thank Maria for her work over the last 12 and a half years and wish her all the best on her next chapter.” She had been with Fox for more than 12 years and hosted a popular three-hour weekday morning show for the Fox Business network, as well as a Sunday morning show. Status News reported on Thursday that Fox instructed senior employees to avoid covering Donald Trump’s July primetime address, where he shared unproven and false claims about the 2020 election. Bartiromo, an avid Trump supporter, shared that message with the White House, according to Status News, a violation of company policy. Bartiromo was taken off the air shortly after. In a statement, Bryan Freedman, Bartiromo’s attorney, called her, “one of the hardest-working journalists throughout her award-winning career” and denied the claims reported by Status News. Freedman has previously defended several journalists fired from their networks, including Don Lemon at CNN, Megyn Kelly at NBC News and Tucker Carlson at Fox. “The irresponsible reports that have been published stating that Maria Bartiromo was fired or is no longer an employee of Fox are absolutely and unequivocally false,” Freedman said in a statement. “Make no mistake, we have the receipts and witnesses and they will come out whether through the courthouse or otherwise. Those reporting her firing or the incredulous facts supporting that fiction have exhibited a complete and utter reckless disregard for the truth.” A Fox spokesperson pointed to the company’s original statement and said: “The release speaks for itself.” Several former Fox News employees are now working at the Trump administration, including Trump’s defense secretary, Pete Hegseth. With the recent announcement that Trump’s press secretary, Karoline Leavitt, would be stepping down at the end of August, some have speculated that Bartiromo might be tapped to step into the role. After news broke of her departure, Trump posted: “I can’t believe Maria Bartiromo is no longer going to have her great show(s) on FoxNews/Business. Three different shows, always number one. Maria is a total professional, and a true warrior. Her fans, of which there are many, will not be happy. God bless you, Maria! President DONALD J. TRUMP”

Maria Bartiromo’s lawyer denies she was fired from Fox News anchor role
Europe
The Guardian

‘There’s no plan’: as instability in global bond markets rises, what are the knock-on effects?

Yields on US Treasury bonds and UK gilts recently hit their highest levels for decades. Photograph: Andy Rain/EPAView image in fullscreenYields on US Treasury bonds and UK gilts recently hit their highest levels for decades. Photograph: Andy Rain/EPABonds‘There’s no plan’: as instability in global bond markets rises, what are the knock-on effects?From mortgages to inflation, concerns about the public finances of major economies have wide-reaching consequences When Donald Trump was asked recently about the threat of rising interest rates on US government debt, he told baffled reporters: “The ultimate intervention is our military. And if we have to use that, we will.” Perhaps not surprisingly, his bellicose words did not soothe fractious bond markets, and his resumption of the bombing campaign against Iran only made matters worse. The past fortnight has seen a wave of instability sweeping through government bond markets in major economies – with knock-on effects for millions of borrowers. The interest rate, or yield, on 10-year US government borrowing hit 4.8% on Friday, up from 4.64% 10 days ago. At one point midweek, the 30-year yield touched its highest level since 2008. Neil Shearing, the chief economist at the consultancy Capital Economics, said one impetus for the current wobble had been markets taking a fresh look at the state of US public finances. “There’s been a recalibration,” he said. Total US government debt has surged past $40tn (£29.5tn), and annual deficits are forecast to be an eye-watering 6% of GDP for the foreseeable future. Such figures were long deemed barely to matter given the status of US government bonds, or treasuries, as the ultimate safe-haven investment. But as the events that led up to the 2008 financial crisis revealed, things don’t matter in the markets until they do. “I think we are starting to see a more realistic reassessment of the fiscal pressure in the US,” Shearing said. “What marks the US out is that there’s not really an acknowledgment of the fact that there might be a problem. There’s no plan.” Russell Jones, a veteran bond market analyst at Llewellyn Consulting, said: “The thing about economics is that often markets delay the judgment and, you know, you can’t really time when they suddenly decide that that’s enough.” The US treasury secretary Scott Bessent’s recent fumbled attempts to intervene in financial markets – to help Tokyo prop up the yen and then to calm bond yields – have only added to the sense that policymakers are panicking. Layered on top of these concerns is a more immediate worry about inflation taking off again as a result of renewed hostilities in the Middle East. Oil prices have risen back above $90 a barrel since the US and Iran resumed tit-for-tat attacks. That has increased expectations that central banks will have to raise interest rates – another factor that puts upward pressure on yields.

‘There’s no plan’: as instability in global bond markets rises, what are the knock-on effects?