Thu, 23 Mar 2023

U.S. stocks tumble as UK inflation rate spikes to 10.40 percent

NEW YORK, New York - A hike in official U.S. interest rates of 0.25 percent, and a jump in inflation ...

Amazon to cut 9,000 jobs, bringing total layoffs to 27,000

SEATTLE, Washington: In a memo to staff sent this week, Amazon CEO Andy Jassy said the company plans to cut ...

Defective break hose, wiper arm causes Ford recall of 1.5 million cars

DETROIT, Michigan: Due to leaking brake hoses and windshield wiper arms that can break off, Ford is recalling more than ...

Techs jump in widespread U.S. stock markets advance

NEW YORK, New York - Wall Street continued its advance on Tuesday as investors continued to weigh up the health ...

US says citizens not to buy meds in Mexico, many contain fentanyl

WASHINGTON D.C.: The US State Department has issued a travel warning regarding dangerous fake pills sold at pharmacies in Mexico, ...

Mercedes modernizing EV plants in China, Germany, Hungary,

FRANKFURT, Germany: The German Automobilwoche magazine has reported that as part of its efforts to switch to selling electric vehicles ...

Banks rebound lifting U.S. stock markets, Nasdaq gains 45 points

NEW YORK, New York - U.S. stocks rallied on Monday following the weekend buy-in of Credit Suisse by UBS, which ...

US loans $300 billion to banks following closing of SVB bank

WASHINGTON D.C.: The US Federal Reserve Bank has announced that cash-strapped banks throughout the US borrowed some $300 billion during ...

Deloitte agrees to pay $31 mln fine to China after mistakes in audit

BEIJING, China: Following the inability of China Huarong Asset Management Co Ltd to release financial reporting obligations in 2020, China ...

UBS to buy Credit Suisse for fraction of its value, Swiss government to underwrite losses

ZURICH, Switzerland - Depositors will be fully protected, shareholders will have their equity dwarfed, while bond holders will be largely ...

SpaceX, Netflix, Boeing join largest US business mission to Vietnam

HANOI, Vietnam: SpaceX, Netflix and Boeing will join what is described as the "biggest-ever" U.S. business mission to meet in ...

After winning Apple contract, Foxconn to build factory in India

TAIPEI, Taiwan: Reuters reported that after winning an order to manufacture wireless AirPods earphones for Apple for the first time, ...

Blocking China's chip industry will raise costs, warns founder of TSMC

TAIPEI, Taiwan: The founder of chip manufacturer TSMC, Morris Chang, said that he supports the efforts of the US to ...

Russia plans to take over Toyota's St. Petersburg plant, says TASS

MOSCOW, Russia: State run news agency TASS has reported that Russia's Industry and Trade Minister Denis Manturov said that Japanese ...

Washington buoyed by February retail sales growth

WASHINGTON D.C.: According to a report from the US Commerce Department, in February, US retail sales fell moderately, likely the ...

Greater risk of rupee weakness; RBI could press hard on brakes: Moody's

New Delhi [India], March 23 (ANI): The risk of weakness in currencies in the emerging economies in Asia is worrisome, ...

High time for Pakistan to rethink its Afghan policy

Islamabad [Pakistan], March 23 (ANI): Recently, a high-level Pakistani delegation comprising Defence Minister, DG ISI, and Foreign Secretary visited Kabul ...

US Fed further hikes interest rate in fight against high inflation

Washington [US], March 23 (ANI): The US monetary policy committee, seeking to achieve maximum employment and inflation at the rate ...

Indian stocks decline on US central bank's continued interest rate hike

New Delhi [India], March 23 (ANI): Indian stocks fell Thursday during the morning trade in line with weakness in the ...

Gulf banks raise interest rates following US Federal Reserve hike

ABU DHABI, 22nd March, 2023 (WAM) -- The central banks of Saudi Arabia, Bahrain and Qatar raised their benchmark borrowing ...

US stocks, treasury yields retreat as Fed signals pause in rate hikes

NEW YORK, 22nd March, 2023 (WAM) -- US stocks retreated from near two-week highs on Wednesday after the Federal Reserve ...

Dow sinks 530 points after Fed rate hike

© Provided by Xinhua Fed Chair Jerome Powell said the rate-setting committee considered a pause in rate hikes in light ...

US Fed Raises Key Rate by Quarter-Point Despite Bank Turmoil

WASHINGTON - The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by ...

Most NATO states not paying enough Stoltenberg

Members ?need to deliver more in a more dangerous world,? the secretary general of the US-led military bloc saysNATO Secretary ...

IMF-Ranil deal may strengthen pro-China forces in Sri Lanka: Report

Colombo [Sri Lanka], March 22 (ANI): After the International Monetary Fund (IMF) approved a 48-month extended arrangement under the Extended ...

China makes solid progress in water resources protection

© Provided by Xinhua BEIJING, March 22 (Xinhua) -- Every year, millions of birds stop to rest at the estuary ...

Scotland: 25 people injured after ship tips over at Edinburgh dockyard

Edinburgh [Scotland], March 22 (ANI): More than two dozen people were injured on Wednesday after a ship containing passengers partially ...

Rakesh Jhunjhunwala receives Padma Shri posthumously; Kumar Mangalam Birla receives Padma Bhushan

New Delhi [India], March 22 (ANI): Late billionaire investor Rakesh Jhunjhunwala's wife, Rekha, on Wednesday received the Padma Shri from ...

Committed to investment plans submitted to government: Adani Airports CEO

By Ashoke RajNew Delhi [India], March 22 (ANI): Amid challenges faced by the Adani Group and political heat over "regulatory ...

Another 50 US banks could fail ex-Lehman VP

The former senior executive says the Fed must cut rates and guarantee deposits held by regional lendersThe banking crisis could ...

First India-Gulf Cooperation Council and Strategic Cooperation dialogue with Saudi Arabia held

Riyadh [Saudi Arabia], March 22 (ANI): The first round of the India-Gulf Cooperation Council (GCC) Senior Officers Meeting (SOM) was ...

Delhi's growth to be higher than national average: CM Kejriwal

New Delhi [India], March 22 (ANI): As Delhi Budget for fiscal 2023-24 was presented on Wednesday, Chief Minister Arvind Kejriwal ...

RBI governor lays foundation stone for data centre, cybersecurity training institute in Bhubaneswar

Bhubaneswar (Odisha) [India], March 22 (ANI): Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday laid the foundation stone ...

Another 50 US banks could fail ex-Lehman banker

Former Lehman Brothers executive says the Fed must cut rates and guarantee deposits held by regional lendersThe banking crisis could ...

Most NATO states ignoring spending target Stoltenberg

Members ?need to deliver more in a more dangerous world,? the secretary general of the US-led military bloc saysNATO Secretary ...

What is systemic risk and how does it lead to a banking crisis?

The recent collapse of Silicon Valley Bank (SVB), a regional US bank that funded start-up companies in the technology and ...

We want to be leading airport operators not only in India but in world: Adani Airports CEO

New Delhi, [India], March 22 (ANI): Adani Airports Chief Executive Officer Arun Bansal on Wednesday said the company's ambition is ...

Nike sales jump as it works through inventory glut

Beaverton (Oregon) [US], March 22 (ANI): Nike made progress working through the inventory glut that squeezed the sneaker maker last ...

Li replaces Li as China's no 2 but with or without power?

Beijing [China], March 22 (ANI): Xi Jinping's close associate Li Qiang has become the new Chinese Premier, but the question ...

Delhi Budget for 2023-24 focuses on transport, health, education

New Delhi [India], March 22 (ANI): The Delhi administration finally presented its Budget document on Wednesday, a day after it ...

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Media reports nine Chinese killed at Africa mine

BANGUI, Central African Republic: Authorities from the Central African Republic have said that nine Chinese nationals were killed and two ...

Australian river town reports millions of dead fish

MENINDEE, Australia: After recent floods and hot weather, millions of dead fish have washed up in southeastern Australia, which authorities ...

Idaho to OK death by firing squad when drugs not available

BOISE, Idaho: Under a bill passed by the Idaho Legislature thios with a veto-proof majority, the state will allow firing ...

California joins with drugmaker to manufacture affordable insulin

SACRAMENTO, California: The state of California and generic drug manufacturer Civica have announced a 10-year partnership to produce affordable, state-branded ...

Newly signed Wyoming law outlaws use of abortion pill

CHEYENNE, Wyoming: A Wyoming bill outlawing the use or prescription of medication abortion pills, which was passed by the state's ...

US, states using cloud seeding to generate rain in west

DENVER, Colorado: The Southern Nevada Water Authority has voted to accept a $2.4 million grant from the US Bureau of ...

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Abbott Ireland announces expansion plans, new jobs

DONEGAL, Ireland - Announcing plans to expand its workforce in Donegal, the U.S. healthcare giant Abbott unveiled plans to create 500 new jobs in the country.Abbott Ireland currently hires c ...

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