Thu, 26 May 2022

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 ...

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 ...

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 ...

Latest Developments in Ukraine: May 25

For full coverage of the crisis in Ukraine, visit Flashpoint Ukraine.The latest developments in the conflict between Russia and Ukraine. ...

Firework closes USD 150M SoftBank Vision Fund 2-Led series B to continue to build future of commerce

Mumbai (Maharashtra) [India], May 25 (ANI/PRNewswire):The announcement comes as public sentiment towards Big Tech's "walled-gardens" - the large, closed ecosystems ...

World Economic Forum: Andhra govt signs 3 MoUs, AMNS India announces Rs 1,000 crore investment

Davos [Switzerland], May 25 (ANI): ArcelorMittal Nippon Steel (AMNS) India on Tuesday announced that it will invest Rs 1,000 crore ...

Pandemic Creates New Billionaires as Global Inequality Rises

London - The world's billionaires have increased their wealth by trillions of dollars since the beginning of the coronavirus pandemic, ...

US to End Russia's Ability to Pay International Investors

Washington - The U.S. will close the last avenue for Russia to pay its billions in debt back to international ...

Nepal aims for economic growth and stability

Kathmandu [Nepal], May 24 (ANI): Unveiling plans and policies for the upcoming fiscal year, Nepal has announced its aim to ...

IMF warns of further downside risks for global economy

© Provided by Xinhua When talking about her outlook on the Chinese economy, Gopinath said, if China can deal with ...

SC stays NGT order imposing Rs 15 crore penalty upon Coca Cola bottling unit

New Delhi [India], May 24 (ANI): The Supreme Court has stayed the National Green Tribunal (NGT) order which imposed a ...

Foreign investment facilitation portal disposes off 853 FDI proposals in 5 years

New Delhi [India], May 24 (ANI): Foreign investment facilitation portal, which was launched in June 2017 following the abolition of ...

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International

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Polish president: Ukraine must decide its own future

KYIV, Ukraine: Andrzej Duda, President of Poland, told lawmakers in Kyiv this week that Ukraine has the right to decide ...

Nineteen kids, 2 adults confirmed dead in Texas school massacre

SAN ANTONIO, Texas (ANI/Big News Network): The death toll in the mass shooting incident at a school in Texas now ...

US, Japan, Australia, India join to limit illegal fishing by China

LONDON, England: Citing a U.S. official, the Financial Times reported this week that during the Quad summit in Tokyo, the ...

Agreement reached to return Parthenon sculpture to Greece

ATHENS, Greece: In a significant move for Greece, which has intensified its campaign to bring back sculptures from its most ...

Japan prime minister warns China over East China Sea moves

TOKYO, Japan: China's efforts to develop areas in the East China Sea are "unacceptable," Japanese Prime Minister Fumio Kishida said ...

US House Speaker Pelosi banned from communion over abortion views

SAN FRANCISCO, California: In a letter released this week, the archbishop of San Francisco, Salvatore Cordileone, said U.S. House Speaker ...

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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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