State Bank of India and other lenders are selling a 20% stake in Yes Bank to Japan's Sumitomo Mitsui Banking Corporation for Rs 13,483 crore. This marks the largest cross-border investment in Indian banking, making SMBC the largest shareholder. The sale follows Yes Bank's 2020 rescue, with SBI retaining just over 10% stake after the deal.

Britain on Thursday hailed a deal with the U.S., which it said would reduce steel levies to 0% from 25% so that British producers could keep exporting to the United States