Mon, 23 May 2022

Recession feared by as UK faces highest inflation in 40 years

LONDON, England: UK prices are rising at their fastest rate in 40 years, as higher energy bills are changing spending ...

Target reports profits down 52%, shares down 25%

MINNEAPOLIS, Minnesota: Amidst the rising costs of essentials, such as fuel and food, and the rapid return by consumers to ...

German Allianz pays $6 billion in fraud case, officials plead guilty

WASHINGTON D.C.: After its U.S. asset management unit pleaded guilty to criminal securities fraud after the collapse of a group ...

Court rules unconstitutional California law requiring women on boards

SACRAMENTO, California: In another blow to the state's push to diversify corporate leadership, a California court judge has ruled that ...

Nepal confirms African swine fever outbreak

KATHMANDU, Nepal - According to the World Organization for Animal Health (OIE), Nepal has reported its first cases of African ...

U.S. stocks turmoil evaporates in final hour of trading, major indices unscathed

NEW YORK, New York - U.S. stock markets reversed sharp losses in late trading to eke out minor gains in ...

April sees rise in US auto sales, restaurant spending

WASHINGTON D.C.: U.S. retail sales rose strongly in April, as consumers bought more motor vehicles and spent more at restaurants, ...

As salaries rise 7%, UK unemployment falls to historic low

LONDON, England: The UK's jobless rate fell to a 48-year low in the first three months of 2022, it was ...

Asian stock markets on rise after China's central bank move

SYDNEY, NSW, Australia - A reduction of the official lending criteria in China has boosted stocks on the mainland, and ...

Turkish lira falls another 2%, at lowest since December

ISTANBUL, Turkey: As state lenders reduced the amount of dollar sales to prop up the currency for the ninth consecutive ...

US trader faces 20 years in prison over cryptocurrency scam

NEW YORK CITY, New York: Federal officials have announced that Eddy Alexandre, CEO of Valley Stream trading, is facing charges ...

U.S. stocks see-saw as dollar takes a dive

NEW YORK, New York - U.S. stocks again see-sawed on Thursday while the U.S. dollar rally took a well-deserved break."The ...

Falling sales causes Forbes to drop Samsung on list of tech companies

SEOUL, South Korea: Korean tech giant Samsung Electronics fell two places in Forbes' rankings of the World's Largest Tech Companies ...

Face masks return for workers at some Michigan auto factories

Detroit, Michigan: General Motors, Ford and Chrysler parent Stellantis NV said they are reinstating the face mask mandate for employees ...

South Korea president pledges aid to North in treating Covid outbreak

SEOUL, South Korea: As North Korea grapples with a severe COVID-19 outbreak, South Korean President Yoon Suk-yeol has said that ...

Asian stocks mostly plummet, as sellers take charge

SYDNEY, NSW, Australia - Stocks in Asia mostly sank on Thursday, following on from a rout on Wall Street overnight."There ...

REE Automotive to build commercial EV chassis plant in UK

LONDON, England: Israeli startup REE Automotive has announced that it will build an assembly plant for electric vehicles (EVs) in ...

China prepares to deliver its version or Boeing, Airbus aircraft

BEIJING, China: The Commercial Aircraft Corp of China (Comac) completed a three-hour pre-delivery test flight of China's C919 aircraft at ...

U.S. stocks shatter, Dow Jones industrials drop more than 1,000 points

NEW YORK, New York - Soaring prices have taken their toll on U.S. retailer Target which reported first-quarter profit had ...

Working together, Spain, Portugal set plan to control gas prices

MADRID, Spain: In a coordinated move last week, Spain and Portugal approved a temporary cap on natural gas prices.The move ...

Emirates lost $1 billion, says that's an 80 percent improvement

DUBAI, United Arab Emirates: Emirates Air, one of the world's largest airlines, said it lost $1.1 billion over the past ...

Poland tells Norway to hand over oil revenues

Polish PM Mateusz Morawiecki has accused the Nordic country of making ?unjust? oil and gas money amid the Ukraine conflictNorway ...

Ukraine 15 or 20 years away from joining EU France

Kiev's accession to the European Union will take a ?very long? time, according to France's Europe ministerNo fast-track accession of ...

Andhra Pradesh is ideal destination acting as Gateway to East: CM Reddy at Davos

Davos [Switzerland], May 22 (ANI): Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Sunday met various global industry leaders ...

Shanghai is facing an exodus of talent amid COVID outbreak

Shanghai [China], May 22 (ANI): China's Shanghai is facing an exodus of talent and labour as thousands of people leave ...

Entire cost of reduction in excise duty on petrol and diesel is borne by Centre, says Sitharaman

New Delhi [India], May 22 (ANI): Union Finance Minister Nirmala Sitharaman on Sunday clarified that the entire cost of the ...

Foreign investment into China declines as MNCs grow pessimistic about Chinese economy

Beijing [China], May 22 (ANI): Direct foreign investment into China by multinational companies is falling off a cliff as investors ...

Indian stock market week ahead: Five factors to look for

By Gyanendra Kumar KeshriMumbai (Maharashtra) [India], May 22 (ANI): Snapping five consecutive weeks of losing streak, the Indian stock markets' ...

India looks to boost investment, improve supply chain; PM Modi to meet top business leaders in Japan tomorrow

By Naveen KapoorNew Delhi [India], May 22 (ANI): Giving a brief outlook on the Prime Minister's engagements with Japanese business ...

US: Bangladesh human rights body demands actions against perpetrators of 1971 genocide

Washington [US], May 22 (ANI): The members of the Human Rights Congress for Bangladesh Minorities (HRCBM) staged a protest outside ...

Vijay Shekhar Sharma reappointed as MD CEO of Paytm till Dec 2027

New Delhi [India], May 22 (ANI): One 97 Communications, which operates under Paytm brand, has reappointed its founder Vijay Shekhar ...

Infosys reappoints Salil Parekh as CEO MD for next 5 years

Bengaluru (Karnataka) [India], May 22 (ANI): Infosys Limited, India's second-largest IT services company, on Sunday said it has reappointed Salil ...

Hanging with puppy friends in Cairo's new "dog cafe"

© Provided by Xinhua The newly-opened dog cafe is believed to be the first specialized one in Cairo, where there ...

Biden Highlights Hyundai Announcement of $10B US Investment

SEOUL, SOUTH KOREA - President Joe Biden tended to both business and security interests Sunday as he wraps up a ...

Looking beyond China, Apple plans ramping up production in India, Southeast Asia: Report

Washington [US], May 22 (ANI): Battered by Beijing's strict anti-COVID measures, Apple Inc has told some of its contract manufacturers ...

China in talks with Russia to buy oil for strategic reserves: Report

Beijing [China], May 22 (ANI): China is seeking to refill its strategic crude stock pipes with discounted Russian oil, a ...

US economic growth to outrun China for 1st time in decades media

Beijing's economy is lagging behind due to lingering Covid-19 outbreaksUS economic growth is set to outpace China this year for ...

KTR meets Indian diaspora in UK, encourages investment in Telangana

London [UK], May 21 (ANI): Telangana Minister KT Rama Rao on Saturday addressed the Indian Diaspora at a "Meet and ...

Adoptions Another Facet of Life Halted by War in Ukraine

LEEDS, Maine - The ripple effects of Russia's invasion of Ukraine have been devastating for families of all kinds - ...

PM Modi expected to meet new Australian PM at QUAD Summit in Tokyo

New Delhi [India], May 21 (ANI): At the upcoming Quad Summit in Japan on May 24, Prime Minister Narendra Modi ...

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Mercedes to install lighter batteries with 20-40% power boost

STUTTGART, Germany: Beginning in 2025, Mercedes-Benz will incorporate a new, highly energy-dense battery in its G-Class electric vehicles, potentially solving ...

Recession feared by as UK faces highest inflation in 40 years

LONDON, England: UK prices are rising at their fastest rate in 40 years, as higher energy bills are changing spending ...

Target reports profits down 52%, shares down 25%

MINNEAPOLIS, Minnesota: Amidst the rising costs of essentials, such as fuel and food, and the rapid return by consumers to ...

German Allianz pays $6 billion in fraud case, officials plead guilty

WASHINGTON D.C.: After its U.S. asset management unit pleaded guilty to criminal securities fraud after the collapse of a group ...

Court rules unconstitutional California law requiring women on boards

SACRAMENTO, California: In another blow to the state's push to diversify corporate leadership, a California court judge has ruled that ...

Nepal confirms African swine fever outbreak

KATHMANDU, Nepal - According to the World Organization for Animal Health (OIE), Nepal has reported its first cases of African ...

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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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