U.S. Secretary of State John Kerry and Indian Prime Minister Narendra Modi (2nd R) shake hands as they are flanked by U.S. Secretary of Commerce Penny Pritzker (L) and Indian External Affairs Minister Sushma Swaraj (R) at the Prime Minister's residence in New Delhi August 1, 2014. REUTERS/Lucas Jackson

Doubts surface about Modi after trade deal scuppered

Prime Minister Narendra Modi came to office with a reputation as a business-friendly leader ready to open up India's markets. Now potential investors are scratching their heads after Modi's party walked away from a major deal to reform customs rules and make global trade easier.  Article | Why India's WTO veto shocked world 

Obama says that after 9/11, 'we tortured some folks' 2:41am IST

WASHINGTON - President Barack Obama said on Friday the CIA "tortured some folks" after the Sept. 11, 2001, attacks, and that the White House had handed over to Congress a report about an investigation into "enhanced interrogation techniques."

An Israeli soldier rides atop an armoured personnel carrier (APC) near the border of southern Gaza Strip August 1, 2014. REUTERS/Baz Ratner
Gaza Violence

Israel soldier captured, 70 dead in Rafah

Israel declared a Gaza ceasefire over on Friday, saying Hamas militants breached the truce soon after it took effect and apparently captured an Israeli officer while killing two other soldiers.  Full Article 

A health worker removes his protective suit as he emerges from an isolation area at the Medecins sans Frontieres Ebola treatment centre in Kailahun July 20, 2014. REUTERS/Tommy Trenchard

Africa leaders agree steps to fight Ebola

West African leaders agreed on Friday to take stronger measures to try to bring the worst outbreak of Ebola under control and prevent it spreading outside the region, including steps to isolate rural communities ravaged by the disease.  Full Article | Related Story 

The Bombay Stock Exchange (BSE) building is pictured next to a police van in Mumbai April 9, 2014. REUTERS/Danish Siddiqui/Files
Markets Weekahead

Shares seen volatile on global factors; RBI eyed

The BSE Sensex and Nifty may remain volatile amid global risk aversion. Investors will also shift focus to RBI's policy review on Tuesday. RBI is likely to leave its key interest rate unchanged, according to a Reuters poll.   Full Article 

The Apple logo is pictured on the front of a retail store in the Marina neighborhood in San Francisco, California April 23, 2014. REUTERS/Robert Galbraith/Files

Apple e-book settlement wins court approval

Apple Inc on Friday won preliminary court approval for its $450 million settlement of claims it harmed consumers by conspiring with five publishers to raise e-book prices.  Full Article 

Cast member Chris Pratt poses at the premiere of 'Guardians of the Galaxy' in Hollywood, California July 21, 2014. REUTERS/Mario Anzuoni

'Guardians' earns $11.2 mln in opening night

The "Guardians of the Galaxy" stormed into the box office with a $11.2 million opening night, Walt Disney Co said on Friday, and could outperform expectations if it keeps drawing viewers with a new leading man, strong reviews and social media buzz.  Full Article 

Latest Headlines

Landslide in Maharashtra

Gold Smuggling

In cat-and-mouse game, India uncovers new gold smuggling route

In cat-and-mouse game, India uncovers new gold smuggling route

India is scrambling to crack down on a new gold smuggling tactic that it fears could accelerate a flood of illegal imports of the precious metal into the world's second-biggest buyer. In the latest smuggling case, a gold exporting firm attempted to use a tax-free special economic zone to try to bypass restrictions and sell to the local market.  Full Article 

Richard Beales

Yahoo’s Mayer nears post-Alibaba reckoning

Yahoo is a big company with a much smaller one struggling to get out. A 22.5 percent stake in Alibaba accounts for well over half the U.S. internet group’s roughly $36 billion market capitalization, according to a new Breakingviews calculator. With the Chinese e-commerce giant likely to go public next month, Yahoo CEO Marissa Mayer will find out how investors value the businesses she actually runs.  Full Article 

Raffaello Pantucci

Afghanistan a building block for China-India ties

It is clear that there are issues with Sino-Indian collaboration on Afghanistan. First among these are differing perceptions on Pakistan and its role in Afghanistan’s current predicament. For China, Pakistani security forces are trying to deal with a monster within their country with links across the border. For Indian authorities, it is a Frankenstein’s monster of Pakistani construction.  Full Article 

Celine Gounder

To combat Ebola, first build back trust in healthcare workers

Efforts to fight stigmatized infectious diseases, like HIV and TB, have taught us that advocates from affected communities have an important role to play. Public health workers need to enlist the help of recovered patients and their families to speak about their experiences with medical treatment for the disease. Religious leaders and traditional healers should also be recruited.  Read 

Robert Cyran

Inversions start to spin out of control

Inversions are starting to spin out of control. A quest for tax savings has made digestible overseas targets attractive to U.S. buyers. Hospira’s potential $5 bln deal for a Danone unit highlights a fresh supply, for so-called “spinversions.” The odd combination also reflects the perverse incentives distorting corporate decisions. Healthcare companies lead the way trying to move domiciles.  Full Article 

Commonwealth Games