Ouyang Weimin, former president of the China Development Bank, has been placed under investigation on suspicion of serious disciplinary and legal violations, China's top anti-graft watchdog said. Ouyang served as president of the bank from 2019 to 2023. Notably, in 2024, a former vice president of the bank was sentenced to 12 years in prison and fined for accepting bribes.

The cost of monthly basic utilities, including electricity, heating, cooling, water and garbage, for an 85 square metre apartment is the highest in Berlin (₹39,477), followed by Tel Aviv (₹38,129) and Oslo (₹36,973). A Deutsche Bank report found that London (₹36,877), Edinburgh (₹36,492) and Munich (₹36,395) ranked fourth, fifth and sixth respectively. Three of the five cheapest cities are Indian.

Hong Kong has highest price per square metre to buy apartment in city centre, as per Deutsche Bank Research Institute. Other cities in top ten are Zurich, Seoul, Singapore, Geneva, Tel Aviv, London, New York, Paris and Vienna. Cairo has lowest price per square metre to buy an apartment, followed by Johannesburg, Bengaluru, Cape Town, Delhi, Buenos Aires and Bogota.

Crypto investors should ensure accurate disclosures while filing their ITR, especially if they trade across multiple exchanges or use self-custody wallets. Experts advise maintaining audit trail and reviewing all transactions made during the financial year, particularly those near year-end. Investors should use ITR-2 for investment gains and ITR-3 if crypto trading is treated as business income.

Samsung Electronics has cut jobs across its US display, smartphone and consumer electronics businesses, Reuters reported. This has affected 739 employees in New Jersey as Samsung Electronics America shifts its headquarters to Texas. The company said most affected employees were offered relocation, while others were laid off. Samsung laid off about 100 workers at its Plano, Texas office.

Raymond Chairman Gautam Singhania said the China-plus-one strategy has moved from a business trend to an "operational imperative" for multinational companies seeking resilient supply chains. He said firms are looking for manufacturing partners that offer speed, quality and scale as they diversify production beyond China amid geopolitical tensions.

The government is working on a new contributory pension scheme to expand retirement coverage beyond the existing Employees' Pension Scheme (EPS), The Indian Express reported. The proposed plan aims to include organised and unorganised workers, including gig and platform workers. It is expected to follow a defined contribution model, with retirement savings invested in government-backed securities.

Employees in Zurich earned the most in 2026 at ₹8.05 lakh, followed by San Francisco (₹7.32 lakh) and Geneva (₹7.16 lakh), a Deutsche Bank report found. Cities that saw employees earning the least included Cairo (₹21,182), Jakarta (₹40,000) and Manila (₹45,350). Delhi took the fourth-last spot at ₹51,800, while Mumbai and Bengaluru recorded average employee salaries of ₹74,800 and ₹77,400.

Skyroot Aerospace CEO Pawan Kumar Chandana said the startup's next target is to launch one rocket every month. The space venture on Saturday launched Vikram-1, India's first privately built orbital rocket. Chandana further said the company is not currently considering an IPO and is instead focused on commercialising its operations at scale.

Pawan Kumar Chandana, whose company Skyroot launched India's 1st privately built orbital rocket Vikram-1, had once scored only 51 marks in Mathematics. Born and raised in Hyderabad, Chandana developed a deep interest in science and engineering. He cleared IIT exam on his first attempt, completed his studies at IIT Kharagpur, and was recruited by ISRO. He founded Skyroot in 2018.