Tue, 07 Feb 2023

Nasdaq Composite loses one percent as Treasury yields bit

NEW YORK, New York - A sharp rise in U.S. Treasury yields kept buyers at bay on Wall Street on ...

102,000 job firings in US high tech in December, according to report

WASHINGTON D.C.: A report released this week detailed how, in January, layoffs in the US reached a more than two-year ...

Settlement reached in long-running Airbus, Qatar Air legal dispute

PARIS, France: Following an 18 month controversy that exposed the workings of the global jet market, Airbus and Qatar Airways ...

At US urging, Japan to stop exporting chip technology to China

TOKYO, Japan: Japan is preparing to revise legislation to allow it to restrict the export of advanced semiconductor manufacturing equipment ...

Shell Oil reveals record $40 billion profit in 2022

LONDON, England: Energy giant Shell Oil has announced a record profit of nearly $40 billion in 2022, capping an eventful ...

Hydrogen takes steps to develop hydrogen fuel cells for cars, trucks

TOKYO, Japan: Honda has announced that it will manufacture a new hydrogen fuel cell system, which was jointly developed with ...

As prices of EVs fall, manufacturer Rivian to reduce workforce by 6%

IRVINE, California: In an effort to cut costs in preparation for an industry-wide price war, electric vehicle manufacturer Rivian Automotive, ...

Seeking to stem losses, Intel to cut executive salaries

SANTA CLARA, California: One week after Intel forecasted lower-than-expected sales caused by a loss of market share to rivals and ...

Biden plan seeks to cut credit card fees, charges for apps

WASHINGTON D.C.: As part of a wider policy drive to increase competition in consumer markets, President Joe Biden has announced ...

As stocks and bonds suffer, Norway wealth fund sees record losses

OSLO, Norway: Ending a three-year run of profits as stock and bond prices were hit by rising inflation and Russia's ...

Historic unemployment low fails to deter profit-takers, Nasdaq sheds 194 points

NEW YORK, New York - Strong economic data failed to stem profit-taking on the major U.S. bourses on Friday, while ...

US concerned over rights at Mexico auto factory, seeks corrections

WASHINGTON D.C.: The US has again asked Mexico to investigate claims that workers at an auto parts facility of American ...

US Justice Dept. investigating Tesla claims on self-driving autos

WASHINGTON D.C.: Tesla confirmed this week that the US Justice Department has requested documents related to its Full Self-Driving and ...

At 10.5 million vehicles sold, Toyota is top automaker in 2022

TOKYO, Japan: Toyota has announced that it sold 10.5 million vehicles in 2022, maintaining its position as the world's top-selling ...

Nasdaq Composite jumps more than 3 percent on Meta surge

NEW YORK, New York - Technology stocks had a hay day Thursday with Facebook parent Meta rocketing up nearly 30 ...

Concerns about recession in Germany after economy shrinks in Q4

FRANKFURT, Germany: Data released this week showed that the German economy unexpectedly shrank in the fourth quarter of 2022, indicating ...

Adani Ports SEZ announces 18 pc jump in Q3 revenue

Ahmedabad (Gujarat) [India], February 7 (ANI): Adani Ports and Special Economic Zone's (APSEZ) revenue from operations increased 18 per cent ...

Spring Festival vibe, recovery very evident at legendary Shanghai hotel

© Provided by Xinhua SHANGHAI, Feb. 7 (Xinhua) -- With the optimization of China's COVID-19 response policies, Shanghai's legendary Fairmont ...

'Doctor Doom predicts end of US dollar's reign

A bipolar currency regime is likely to replace the current greenback-based unipolar system, famed economist Nouriel Roubini believesThe US dollar's ...

US to slap steep tariff on Russian aluminum Bloomberg

The measure would effectively ban US purchases of the metal from Russia, according to the news outletWashington plans to impose ...

World Insights: Key facts U.S. deliberately ignores about African debt

© Provided by Xinhua WHO HOLDS MOST AFRICAN DEBT?According to the World Bank's International Debt Statistics, multilateral financial institutions and ...

Bustling Chinese factories drive recovery into 2023

© Provided by Xinhua BEIJING, Feb. 7 (Xinhua) -- In a workshop operated by Nanchang Highly Electrical Appliances Co., Ltd., ...

Market stabilises in morning trade; some Adani Group firms recover

Mumbai (Maharashtra) [India], February 7 (ANI): The domestic equity market opened with gains on the back of strong cues from ...

Railways earns Rs 1.30 lakh crore from freight loading in this financial year till January 2023

New Delhi [India], February 7 (ANI): Indian Railways' earnings from freight loading in the first 10 months of the financial ...

European states dispatch rescue teams to quake-hit Türkiye, Syria

© Provided by Xinhua "Speed is of the essence because so many people are still trapped under the rubble," said ...

Kabbadi player accuses coach of rape, blackmail; Delhi Police registers FIR

New Delhi [India], February 7 (ANI): Delhi Police has filed an FIR on the basis of the complaint of a ...

President lauds role of Naval, Telecom and Accounts officials in country's growth

New Delhi [India] February 7 (ANI): President Draupadi Murmu on Monday invited Officers of the Indian Naval Material Management Service, ...

India, Canada discuss about deepening bilateral partnership by focusing on trade, security: EAM

New Delhi [India], February 6 (ANI): External Affairs Minister S Jaishankar and his Canadian counterpart Melanie Joly on Monday deliberated ...

Dell Technologies plans to lay off 6650 workers

New Delhi [India], February 6 (ANI): Dell Technologies Inc. plans to lay off around 6,650 workers which are approx. 5% ...

Global investors snatch up Chinese yuan assets amid recovery prospects

© Provided by Xinhua BEIJING, Feb. 6 (Xinhua) -- Bullish on China's head start in economic recovery in 2023, global ...

Jaishankar meets his Canadian counterpart Melanie Joly in Delhi

New Delhi [India], February 6 (ANI): External Affairs Minister S Jaishankar met his Canadian counterpart Melanie Joly in Hyderabad House ...

"India most attractive place...": Global energy CEOs' big endorsement of India Energy Week in Bengaluru

Bengaluru (Karnataka) [India], February 6 (ANI): Lauding the unprecedented possibilities in the energy sector outlined by Prime Minister Narendra Modi ...

ACC raises Afghanistan's share as part of revised financial distribution model

Manama [Bahrain], February 6 (ANI): The Asian Cricket Council (ACC) has increased Afghanistan's share from Asia Cup earnings as a ...

India, EU announce establishment of three working groups under Trade and Technology Council

New Delhi [India], February 6 (ANI): India and the European Union announced the establishment of the three working Groups and ...

Indian stocks start fresh week in red; Adani Ports gains, other group shares decline

New Delhi [India], February 6 (ANI): Indian stock markets started the fresh week on a subdued note and lost nearly ...

Adani Transmission's profits increase 73 per cent in December quarter

Ahmedabad (Gujarat) [India], February 6 (ANI): Power transmission and distribution company Adani Transmission of diversified Adani conglomerate on Monday announced ...

Top brokerages raise targets for Paytm; recommend 'Buy' as firm achieves operating profitability

Noida (Uttar Pradesh) [India], February 6 (ANI): India's leading digital and mobile payments Paytm has received positive commentary from the ...

Bandhan Bank hikes interest rates on fixed deposits

New Delhi [India], February 6 (ANI): Bandhan Bank on Monday increased its interest rates on fixed deposit (FD) by 50 ...

Coforge partners with Transcard to help insurers automate disbursements, collections

Greater Noida (Uttar Pradesh) [India], February 6 (ANI): Coforge, formerly known as NIIT, on Monday announced a new partnership with ...

Doctor Doom says US dollar reign is ending

A bipolar currency regime is likely to replace the current greenback-based unipolar one, famed economist Nouriel Roubini has predictedThe US ...

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Monkeys stolen from Dallas Zoo found in abandoned home

DALLAS, Texas: The Dallas Police have announced that two emperor tamarin monkeys that disappeared earlier this week from the Dallas ...

US cancels over 1,800 flights due to ice storm

CHICAGO, Illinois: After an ice storm ravaged states from Texas to West Virginia, this week, airlines canceled over 1,800 flights ...

After Biden tapped US oil reserves, House passes bill to end such uses

WASHINGTON D.C.: The US House of Representatives has passed a bill that limits the ability of US Energy Secretary Jennifer ...

Turkey-Syria earthquakes: a seismologist explains what has happened

An extremely large earthquake has occurred in the southeast of Turkey, near the border with Syria. Data from seismometers which ...

Surging Pitt out for more against Louisville

Pitt will look to continue its ascent in the Atlantic Coast Conference on Tuesday night when it hosts struggling Louisville. ...

North Carolina in search of 'enthusiasm' vs. Wake Forest

While Wake Forest has pulled it together after a rough patch, North Carolina will try to reverse a trend after ...

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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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