Bloomberg Indian Oil Corp., the country’s biggest refiner, said it plans to spend 2 trillion rupees ($25 billion) to achieve carbon neutrality in its operations by 2046. The company will target Scope 1 and 2 emissions under its net zero aim, Shrikant Madhav Vaidya, chairman of the state-owned refiner-cum-fuel retailer, said. It plans to achieve 60% of the goal ...

  It’s no surprise that for US allies in Asia, “Top Gun: Maverick” is the year’s most-watched American movie, topping the box office in South Korea, Japan and Taiwan. The simple tale of US might and gumption against an evil faceless opponent certainly resonates in a region that’s facing intensifying threats. But no one is placing bets that Tom Cruise ...

Federal Reserve Chairman Jerome Powell’s speech at last week’s central banking conference in Jackson Hole, Wyoming, was brief — but financial markets took notice. The S&P 500 fell sharply as investors adjusted their thinking on how tough the Fed was willing to be to get inflation back under control. Powell underlined that restoring price stability is the Fed’s “overarching focus” ...