Sat, 25 Jun 2022

Wall Street rallies hard, Nasdag gains more than three percent

NEW YORK, New York - Stocks on Wall Street and around the globe rallied hard on Friday pushing the major ...

Detroit automakers tell workers mask wearing now optional

DETROIT, Michigan: Detroit's three big automakers - General Motors, Ford and Chrysler parent Stellantis NV - have announced that wearing ...

Chinese developer says will accept wheat as payment for new house

HONG KONG: To cope with the weakening property market, developers in China are coming up with innovative ways to attract ...

Positive end to week for Asian stocks, Nikkei 225 advances 321 points

SYDNEY, NSW, Australia - Stocks in Asia made solid gains on Friday in a positive end to the week.In Japan, ...

China keeps up with demand for power during ongoing heat wave

BEIJING, China: Amidst warmer-than-normal weather, power consumption surged in the Chinese provinces north of the Yangtze river, with regions such ...

UK government pledges action after inflation rises 9.1% in May

LONDON, England: Surging food prices in the UK pushed consumer price inflation to 9.1 percent last month, a 40-year record ...

Cathay Pacific adds planes to Hong Kong, seeks to reopen after Covid

HONG KONG: Impacted by strict quarantine rules that caused a 98 percent drop in passengers, executives from Hong Kong carrier ...

Nasdaq Composite jumps 174 points in broad Wall Street rally

NEW YORK, New York - A softening of bond yields Thursday helped to underpin U.S. stock prices."What we're seeing here ...

Report: UK property prices rise slowest since January

LONDON, England: Prices for British homes this month rose at the slowest rate since January, as the cost of living ...

Two years to reduce inflation to 2 percent, predicts Fed's Mester

CLEVELAND, Ohio: It will take two years for U.S. inflation to fall to the central bank's 2 percent target, Cleveland ...

Asian stock markets move higher, U.S. dollar recovers overnight losses

SYDNEY, NSW, Australia - Stocks in Asia traded higher on Thursday. The Nikkei 225 in Tokyo gained 21.70 points or ...

Russian gas cut off causes EU to return to coal power

AMSTERDAM, Netherlands: Amidst Europe's response to Moscow's invasion of Ukraine and subsequent reduction of the deliveries of Russian gas, Germany, ...

Biden weighs pause to federal gas tax to reduce prices

WASHINGTON D.C.: U.S. Energy Secretary Jennifer Granholm has said that the Biden administration was evaluating a pause on federal gas ...

U.S. stocks rally runs out of steam, Nasdaq drops 16 points

NEW YORK, New York - U.S. stocks initially extended their rally on Wednesday but in the end sellers got the ...

In major expansion, Air India weighs purchase of 300 jets

NEW DELHI, India: Industry sources have said that Air India is in talks with Airbus and Boeing for the possible ...

Asian stocks skid, Russian rouble jumps to 7-year high against U.S. dollar

SYDNEY, NSW, Australia - Stocks in Asia were dumped on Wednesday, despite a strong rally on Wall Street overnight.Persistent fears ...

Biden OKs resumption of Venezuela oil exports

CARACAS, Venezuela: A cargo of Venezuelan oil totaling 650,000 barrels, chartered by Italy's Eni, is about to become the first ...

China's Macau reports Covid cases, begins mass testing

MACAU: After discovering 12 locally transmitted COVID-19 cases, Macau's government began mass COVID-19 testing for all residents this week. The ...

Dow Jones hits 30,000 again with more than two percent advance

NEW YORK, New York - U.S. stocks roared ahead on Tuesday, with the Dow Jones industrials regaining the 30,000 level, ...

White House asks unions, industry to train high tech workers

WASHINGTON, D.C.: The White House has begun a summer-long initiative, entitled the "Talent Pipeline Challenge" to encourage labor unions and ...

In final Warren Buffett charity lunch, $19 million raised

San Francisco, California: A $19 million bid has won a charity auction for the opportunity to dine with financier Warren ...

Stocks in Asia rise, Nikkei 225 surges 475 points

SYDNEY, NSW, Australia - Stocks in Asia rose on Tuesday with broad-based gains the order of the day. Only Chinese ...

US weather causes two days of flight cancellations

BOSTON, Massachusetts: U.S. airlines were forced to cancel over 2,800 flights late last week after the Northeast was buffeted by ...

AMC shareholders vote against $19 mln pay package for CEO's

LEAWOOD, Kansas: Shareholders of AMC Entertainment have rejected proposed executive compensations, including $19 million for CEO Adam Aron. The rejection ...

Hyundai hopes to sell small electric cars in India, says official

NEW DELHI, India: South Korea's Hyundai Motor Co has begun work on a small electric car for India aimed at ...

India's forex reserves dip by $5.9 billion to $590.59 billion

Mumbai (Maharashtra) [India], June 25 (ANI): India's foreign exchange (forex) reserves slumped by $5.87 billion to $590.588 billion for the ...

Russia, Afghanistan Seek to Enhance Trade Amid Sanctions

A new agreement signed by commerce officials from Afghanistan and Russia calls for expanding trade relations between the countries at ...

EU's next potential sanctions target revealed

A ban on Russian gold might be imposed, Reuters reportsGold is among assets that may be targeted in the next ...

US baby formula crisis: Should the demand be so high

The shortage remains in place despite the authorities? efforts to fill the deficitThe shortage of baby formula currently gripping the ...

RBI imposes monetary penalty on Indian Overseas Bank

Mumbai (Maharashtra) [India], June 24 (ANI): The Reserve Bank of India (RBI) said on Friday it has imposed a monetary ...

RBI extends card tokenisation deadline by three months

Mumbai (Maharashtra) [India], June 24 (ANI): The Reserve Bank of India (RBI) on Friday announced an extension of the deadline ...

Turkish President Erdogan may not retain his chair, here's why

Istanbul [Turkey], June 24 (ANI): Turkish President Recep Tayyip Erdogan has bleak chances to retain his position despite the advancement ...

Parameswaran Iyer replaces Amitabh Kant as NITI Aayog CEO

New Delhi [India], June 24 (ANI): The Union Government has appointed a retired bureaucrat Parameswaran Iyer as the new chief ...

PCB announces separate red, white-ball contracts for players

Islamabad [Pakistan], June 24 (ANI): The Pakistan Cricket Board (PCB) on Friday introduced separate red ball and white ball cricket ...

Inflation expected to remain higher than RBI tolerance level till Dec: Shaktikanta Das

New Delhi [India], June 24 (ANI): India's headline inflation is expected to remain higher than the Reserve Bank of India ...

US censorship of Russian media has failed Microsoft

RT and Sputnik still reach American audiences despite Big Tech suppression on behalf of UkraineSilicon Valley's efforts to suppress what ...

Indian equities rally for 2nd day; Sensex surges 462 points

Mumbai (Maharashtra) [India], June 24 (ANI): The Indian stock markets key indices rallied for the second consecutive day on Friday ...

Pakistan Minister says 43 pc foreign-funded projects in the country are 'problematic'

Islamabad [Pakistan], June 24 (ANI): Pakistan's Ministry of Economic Affairs on Thursday stated that 43 per cent of the foreign-funded ...

India's economic prospects challenged by Russia-Ukraine war, says RBI Deputy Guv

New Delhi [India], June 24 (ANI): The ongoing geopolitical developments in Ukraine have challenged India's economic prospects, thereby darkening the ...

Sensex rises 349 points; banking, infra stocks climb

Mumbai (Maharashtra) [India], June 24 (ANI): The Indian stock markets key indices, Sensex and Nifty, were trading with a gain ...

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29 Kidnapped Wedding Guests Freed in Nigeria

KANO, NIGERIA - Twenty-nine people kidnapped by gunmen two weeks ago as they returned from a wedding in northwest Nigeria ...

Jaishankar meets Solomon Islands counterpart, moots cooperation in key sectors

Kigali [Rwanda], June 25 (ANI): External Affairs Minister Dr S Jaishankar on Friday met with the Foreign Minister of Solomon ...

Athlete barred from flight to US due to wrong birthplace

GAA ambassador says he was kept off US-bound flight because he was born in IraqAbood al Jumaili, an Irish professional ...

Jaishankar meets Mauritius PM, discusses thriving relations between two nations

Kigali [Rwanda], June 25 (ANI): External Affairs Minister Dr S Jaishankar on Friday (local time) met with the Mauritius Prime ...

Jaishankar discusses growing defence ties with Tanzanian counterpart

Kigali [Rwanda], June 25 (ANI): External Affairs Minister Dr S Jaishankar on Friday (local time) met with the Tanzanian Foreign ...

UN body seeks USD 993 million to prevent famine, tackle drought in Somalia

Mogadishu [Somalia], June 25 (ANI/Xinhua): The United Nations humanitarian agency said on Friday that it's seeking 993.3 million US dollars ...

Featured story

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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