Thu, 07 Jul 2022

EU $1.3 billion seeks to wean country from oil economy

BRUSSELS, Belgium: A document released by the European Union this week revealed that the bloc and its development finance institutions ...

Poland tells banks to give savers higher interest or expect more taxes

WARSAW, Poland: As Poland's main interest rate remains at its highest level since 2008, boosting the profits of Polish banks, ...

Asian stocks in major slide, Nikkei 225 drops 316 points

SYDNEY, NSW, Australia - Stocks across Asia lost ground on Wednesday, although the New Zealand market defied the regional trend ...

EasyJet boss quits due to flight cancellations

LONDON, England: After EasyJet canceled thousands of flights this summer to limit the disruption caused to passengers from both air ...

Chip shortage causes GM to store 95,000 incomplete cars

DETROIT, Michigan, global shortage of computer chips, vehicles, Detroit automaker, General Motors, GM's total salesDETROIT, Michigan: The global shortage of ...

Greenback soars as oil plunges below $100 a barrel, U.S. stocks mixed

NEW YORK, New York - U.S. stocks gyrated on Tuesday, with major indices tumbling more than two percent before regaining ...

India prohibits use of single-use plastic in bid to reduce litter

NEW DELHI, India: To combat worsening pollution, India, the world's second most populous country, has banned single-use plastic items, ranging ...

Airbnb announces worldwide ban on parties held in rentals

SAN FRANCISCO, California: In response to a string of shootings that have broken out at U.S. properties it lists, rental ...

Stocks in Asia on the boil after Australia's central bank hikes interest rates

SYDNEY, NSW, Australia - Stocks in Asia strengthened on Tuesday with major gains recorded across the region.The Reserve Bank of ...

To prevent fuel price hikes, India sets windfall tax on oil producers

NEW DELHI, India: As the Indian government aims to increase local fuel supplies to meet rising demand and boost federal ...

Exxon tells shareholders to expect $16 billion Q2 profits

HOUSTON, Texas: Exxon Mobil Corp said this week that profits from skyrocketing fuel prices could result in a record $16 ...

Boeing out, Airbus in as China to purchase 300 A320 jets

BEIJING, China: Chinese airlines announced last week that they would purchase some 300 Airbus jets. This is the largest order ...

Asian stock markets gain ground as Wall Street closes for long weekend

SYDNEY, NSW, Australia - Stocks in Asia generally moved higher on Monday despite continuing concerns over a potential global recession. ...

Barbecues in jeopardy as food prices jump for US Fourth of July

WASHINGTON D.C.: Due to surging food prices, summer cookouts for the U.S. Independence Day holiday are more expensive, forcing Americans ...

US employers see small shift as job market cooling

WASHINGTON D.C.: In a cardboard box factory outside Baltimore, people have been walking into the office of Paul Centenari, chief ...

IKEA says store inventories return to pre-Covid levels

DELFT, Netherlands: IKEA officials said this week that the furniture retailer's warehouses in Europe are as full as they were ...

21 percent six-month loss strips S&P 500 of $8 trillion in value

NEW YORK CITY, New York: After the first six months of 2022, the S&P 500 recorded a loss of 20.6 ...

Washington reports US economy falls 1.6 percent in Q1 2022

WASHINGTON D.C.: Due to the record high trade deficit and a resurgence in COVID-19 infections that curbed spending on services, ...

Chip design center to be built by MediaTek, Indiana Purdue University

TAIPEI, Taiwan: The world's fourth largest chip designer by revenue, Taiwan's MediaTek, has told Reuters that it plans to create ...

RBI selects Hansa Research Group to conduct field work for inflation expectation survey

Mumbai (Maharashtra) [India], July 6 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has decided to engage ...

Oil prices slumps, Brent crude under USD 100 a barrel for first time since May

Washington [US], July 6 (ANI): World oil prices plummeted on Wednesday (local time) and dropped below USD 100 a barrel ...

China records biggest ever database leak in history, 1 billion personal data breached

Beijing [China], July 6 (ANI): China recorded the biggest ever database leak in history with nearly one billion personal data ...

SCCC president calls for strengthening Sino-Swiss trade, cultural ties

© Provided by Xinhua Bilateral relations between Switzerland and the People's Republic of China date back to 1950 and have ...

How Africans can assess the value of the latest G7 summit

Leaders of the world's seven advanced economies have once again pledged economic support for Africa and other developing countries. But ...

RBI announces measures to boost forex inflows, rupee slide

Mumbai (Maharashtra) [India], July 6 (ANI): The Reserve Bank of India (RBI) on Wednesday announced a slew of measures to ...

Widening trade deficit pushes India to disincentivize gold imports

New Delhi [India], July 6 (ANI): India is experiencing a widening trade deficit, this essentially means that it is buying ...

Ruble rally comes to screeching halt

The Russian currency is in a downward correction after hitting multi-year highsThe Russian currency continued to slump on Wednesday, falling ...

LIC share bounces, but far from its exchange listing price

New Delhi [India], July 6 (ANI): Insurance heavyweight Life Insurance Corporation of India (LIC) has not grabbed headlines in a ...

Sensex surges 515 points on hopes of healthy Q1 earnings

Mumbai (Maharashtra) [India], July 6 (ANI): The Indian stock markets' key indices, Sensex and Nifty, surged by over one per ...

India's PLI scheme has potential to add 4 pc to GDP annually: Report

New Delhi [India], July 6 (ANI): The Centre's production-linked incentive (PLI) scheme has the potential to add nearly 4 per ...

Chris Evans will star in Netflix's 'Pain Hustlers' with Emily Blunt

Washington [US], July 6 (ANI): Hollywood star Chris Evans is all set to join Emily Blunt in Netflix's 'Pain Hustlers'. ...

Euro slumps to 20-year low against US dollar

Frankfurt [Germany], July 6 (ANI/Xinhua): The Euro on Tuesday slumped against the U.S. dollar, hitting a 20-year low of 1.029 ...

Report: Big 12 interested in adding at least four Pac-12 programs

Big 12 conference officials have their eyes on adding at least four Pac-12 programs, days after the defection of Southern ...

Biden could lift tariffs on Chinese goods: Report

Washington [US], July 5 (ANI): US President Joe Biden can lift the tariff on some Chinese imports in an effort ...

European stocks tumble on recession fears

© Provided by Xinhua Amid the Ukraine crisis, global inflationary pressures have intensified sharply and the economic outlook for the ...

What is Monetary Policy Committee, and what is its function?

New Delhi [India], July 5 (ANI): The MPC, or the Monetary Policy Committee under the Reserve Bank of India is ...

Euro Slumps to Two-Decade Low as Recession Fears Bite

London - The euro slumped to a two-decade low on Tuesday as the latest surge in European gas prices added ...

Sri Lankan PM vows to reduce country's inflation rate to 6 per cent by 2025

Colombo [Sri Lanka], July 5 (ANI): Sri Lankan Prime Minister Ranil Wickremesinghe on Tuesday said that the island country aimed ...

Singapore-based crypto platform Vauld suspends operations over financial challenges

Singapore, July 5 (ANI): Amidst the latest stress in crypto markets, Singapore-based crypto platform Vauld has decided to suspend all ...

Sensex slumps 732 points from day's high, closes 100 points down

Mumbai (Maharashtra) [India], July 5 (ANI): The Indian stock markets' key indices witnessed volatile trading on Tuesday with the benchmark ...

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In "geopolitical signal," UE, New Zealand sign free trade pact

BRUSSELS, Belgium: Negotiations on a free trade agreement between the European Union and New Zealand ended successfully this week, paving ...

IKEA says store inventories return to pre-Covid levels

DELFT, Netherlands: IKEA officials said this week that the furniture retailer's warehouses in Europe are as full as they were ...

NHL 2022-23 slate opens with two games in Prague

Stanley Cup finalists Colorado Avalanche and Tampa Bay Lightning will face off twice in a six-day period in February as ...

Europe Starts New Chapter in Repatriations of IS-linked Citizens

Paris - Europe is repatriating increasing numbers of its Islamic State-linked women and children, who have languished for years in ...

Swedish top diplomat slams Left for supporting terrorists

Turkey earlier accused Sweden of supporting and arming Kurdish organizations it considers terroristsSwedish Foreign Minister Ann Linde on Tuesday condemned ...

More NATO members ratify Finland and Sweden media

Iceland, Denmark, Norway and Estonia have reportedly fast-tracked the ratification process a day after the accession protocols were signedFour more ...

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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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