Thu, 26 May 2022

In bid to lower cost of steel, India imposes 50% tax on ore exports

NEW DEHLI, India: In a move expected to end the country's exports of the raw materials needed to manufacture steel, ...

Federal Reserve minutes spark late buying surge for U.S. stocks

NEW YORK, New York - The release of the minutes of the Federal Reserve's monetary meeting earlier this month surprisingly ...

US seeks stronger high tech ties to Taiwan

WASHINGTON D.C.: A leading U.S. official has said that even if Taiwan is excluded from President Joe Biden's Asian economic ...

Finland seeks new suppliers as Russia stops deliveries of natural gas

MOSCOW, Russia: In the latest escalation of an energy payment dispute with Western nations, Russia's Gazprom has halted gas exports ...

Stocks in Asia trade sideways, Australian All Ordinaries adds 18 points

SYDNEY, NSW, Australia - It was a lukewarm day for stocks across Asia Wednesday with little movement in either direction.In ...

Apple reported to move manufacturing from China

NEW YORK CITY, New York: The Wall Street Journal has reported that Apple has told some of its contract manufacturers ...

Deere manufacturing slows due to supply problems, shares fall

MOLINE, Illinois: After missing Wall Street revenue targets, Deere and Co. said it was having difficulty securing parts for its ...

U.S. stocks close mixed, Nasdaq slides 271 points

NEW YORK, New York - U.S. stocks, bonds, and the dollar fell heavily on Tuesday as economic data revealed a ...

Vietnam fires head of stock exchange over corruption

HANOI, Vietnam: Vietnam's government announced that it has removed Le Hai Tra, general director of the Ho Chi Minh Stock ...

Major US tech firms slow hiring, reduce staffs due to market slowdown

NEW YORK CITY, New York: Tech firms have slowed or frozen hiring, and even accelerated layoffs, in response to the ...

McDonald's operator buys all 850 Russian branches as company departs

MOSCOW, Russia: McDonald's has announced that it will sell all its branches in Russia to one of its local licensees, ...

Asian stocks take a tumble as euro reaches for the stars

SYDNEY, NSW, Australia - The euro has jumped above 1.0700 in Asian trading Tuesday, but stocks have fallen sharply.The run ...

Netflix to pay Italy $59 million in back taxes

MILAN, Italy: Netflix and Italy have agreed to a $59 million settlement to to settle a four-year tax dispute, Milan ...

UK retail sales reported high amidst record inflation

LONDON, England: British consumers continued to shop as normal last month, despite the highest inflation rate in 40 years, with ...

Wall Street rockets higher, Dow Jones gains nearly two percent

NEW YORK, New York - U.S. stocks rocketed higher Monday, a rally ignited by a weakening of the U.S. dollar ...

Michigan baby formula plant to reopen in face of ongoing shortages

WASHINGTON D.C.: Following baby formula shortages throughout the United States, FDA Commissioner Robert Califf has said that Abbott Laboratories and ...

Indian private space launch company Skyroot sees first launch in 2023

NEW DELHI, India: Skyroot, India's first privately held company to design, build and test a solid rocket propulsion system, successfully ...

Greenback under pressure in Asia, stocks close mostly higher

SYDNEY, NSW, Australia - Stocks in Asia were mostly moderately higher at the close Monday, while the U.S. dollar was ...

Chinese voice criticism of $1,373 Gucci umbrella that cannot get wet

BEIJING, China: Chinese consumers have been vocal in their criticism of a $1,373 Gucci umbrella which should be kept out ...

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 ...

Chinese yuan weakens to 6.6766 against USD

Beijing [China], May 26 (ANI): The central parity rate of the Chinese currency renminbi, or the yuan, weakened 216 pips ...

EU Seeks More Clout Against Sanctioned Russian Oligarchs

brussels - The European Union's executive arm entered sensitive legal territory on Wednesday with a proposal to confiscate the frozen ...

Bill Gates paid millions to derail Elon Musk's plans media

The Microsoft magnate has funded an effort to block the SpaceX founder's Twitter takeoverThe Bill and Melinda Gates Foundation has ...

Five Ways Climate Change Is Making Poor People Poorer

Heat waves like the ones roasting South Asia this year don't just sap people's strength. They drain people's finances in ...

Memo to Labor: you need more tax, working out how much more is urgent

The new government has inherited an extraordinarily difficult budget situation.The budget deficit amounts to 3.5% of gross domestic product this ...

Nevada judge rejects dismissal, Gruden vs. NFL case cleared for trial

Former Las Vegas Raiders coach Jon Gruden's case against the NFL and commissioner Roger Goodell can move forward, a Nevada ...

Ukraine war: rising food prices are not the only global economic fallout

As the war in Ukraine heads into its fourth month, its economic consequences are becoming more apparent and begin to ...

EU country sends attack choppers to Ukraine WSJ

The Czech Republic will also repair vehicles hammered by Russian forcesThe Czech government has donated Soviet-built attack helicopters to Ukraine, ...

France starts handing out food stamps media

The subsidies are meant to help poor households amid rising pricesSeveral French cities have begun handing out food vouchers to ...

Six Ways Climate Change Is Making Poor People Poorer

Heat waves like the ones roasting South Asia this year don't just sap people's strength. They drain people's finances in ...

RBI cancels registration of five NBFCs due to irregular lending practices

Mumbai (Maharashtra) [India], May 25 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has cancelled the Certificate ...

EU considers building new gas pipeline media

A 700-kilometer offshore link between Italy and Spain could help reduce energy dependence on Russia, El Pa s reportsThe European Commission ...

Forging solid BRICS foundation for tackling global climate change

© Provided by Xinhua BEIJING, May 25 (Xinhua) -- The BRICS countries held multiple high-level environmental conferences recently and have ...

ffreedom app launches television series 'Icons of Bharat'

New Delhi [India], May 25 (ANI/NewsVoir): To showcase life-changing success stories of entrepreneurs and farmers, ffreedom app (a part of ...

HCL commits USD 15 million to address global freshwater insecurity

Davos [Switzerland], May 25 (ANI/BusinessWire India): Water security has never been more urgent. With the global population set to hit ...

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Closed since start of Covid, Chile to reopen Easter Island to tourists

SANTIAGO, Chile: Easter Island, one of Chile's most important tourist attractions, will reopen to visitors on August 1, the government ...

In bid to lower cost of steel, India imposes 50% tax on ore exports

NEW DEHLI, India: In a move expected to end the country's exports of the raw materials needed to manufacture steel, ...

Federal Reserve minutes spark late buying surge for U.S. stocks

NEW YORK, New York - The release of the minutes of the Federal Reserve's monetary meeting earlier this month surprisingly ...

US seeks stronger high tech ties to Taiwan

WASHINGTON D.C.: A leading U.S. official has said that even if Taiwan is excluded from President Joe Biden's Asian economic ...

Finland seeks new suppliers as Russia stops deliveries of natural gas

MOSCOW, Russia: In the latest escalation of an energy payment dispute with Western nations, Russia's Gazprom has halted gas exports ...

Stocks in Asia trade sideways, Australian All Ordinaries adds 18 points

SYDNEY, NSW, Australia - It was a lukewarm day for stocks across Asia Wednesday with little movement in either direction.In ...

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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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