Sat, 01 Oct 2022

Asian stocks close out month and quarter on dismal note

SYDNEY, NSW, Australia - Asian stocks closed out the month and the quarter on a dismal note Friday."The 'troubling triad' ...

With eye on competition, Tata Motors selling $10,000 EV in India

NEW DELHI, India: As it seeks to attract more buyers, Tata Motors, the country's only electric vehicle maker, has introduced ...

40,000 Chinese workers to be deported as Manila ends online gaming

MANILA, Philippines: The justice ministry in Manila said it will close 175 Chinese-owned "Philippine offshore gambling operators" and deport some ...

Investors cop haircuts as U.S. stock markets reel, Nasdaq drops 314 points

NEW YORK, New York - A day after investors breathed a sigh of relief, sellers swarmed U.S. stock markets on ...

Enormous debt forces Garuda Indonesia to file for bankruptcy

JAKARTA, Indonesia: Irfan Setiaputra, CEO of Indonesian flag carrier Garuda Indonesia, has confirmed to Reuters that last week the airline ...

Demand for Turkish drones rises, Malaysia, Indonesia voice interest

"Many Asian countries, especially Malaysia and Indonesia, show great interest in our defense industry products. Agreements are being signed," Turkish ...

Asian stock markets end mostly higher despite British pound weakness

SYDNEY, NSW, Australia - Stocks in Asia made broad brush gains on Thursday despite a sudden upturn in the U.S. ...

Apple says will manufacture iPhone 14 in India by end of 2022

CUPERTINO, California: In line with its efforts to move some of its production from China, Apple has announced that it ...

Australia forced to review regulations following Optus cyber-attack

CANBERRA: Australia: After hackers targeted Optus, the country's second-largest telecoms firm, Australian Prime Minister Anthony Albanese said the country will ...

U.S. stocks shoot higher as pound stabilizes, Nasdaq gains more than 2%

NEW YORK, New York - U.S. stocks, after plunging to year lows, finally changed direction Wednesday, with investors snapping up ...

GM to spend $760 million to build parts for electric vehicles in Ohio

DETROIT, Michigan: General Motors has announced that it will invest $760 million in its Toledo, Ohio factory to build drive ...

After Covid shutdown, China allows reopening of Macao in November

MACAU, Macao: After Macao's chief executive Ho Iat Seng announced this week that China would resume an e-visa scheme for ...

Stocks in Asia fall across-the board as recession fears take hold

SYDNEY, NSW, Australia - Stocks in Asia plummeted on Wednesday as the U.S. dollar continued to surge.Fears of higher interest ...

Deutsche Bank analyst warns Bank of England to raise rates

FRANKFURT, Germany: Deutsche Bank analyst George Saravelos said the Bank of England must raise interest rates as early as next ...

Shortage of materials, inflation slow Japanese factory output

TOKYO, Japan: As Japanese firms are coping with a global economic slowdown and high energy and raw material costs exacerbated ...

Stocks in U.S. mixed Tuesday, U.S. dollar rally extends

NEW YORK, New York - Stocks were choppy on global markets Tuesday as investors struggled with a slew of bad ...

After end to Covid aid, Canada has $4.67 billion budget surplus

OTTAWA: Canada's finance ministry has said that partly due to higher tax revenues and the end of COVID-19-related benefits, the ...

Bond sell-off spreads, US dollar rises

LONDON, England: If worldwide government bond losses continue, 2022 marks the worst year since 1949 as investor sentiment falls to ...

Sterling firms, Asian stock markets strengthen

SYDNEY, NSW, Australia - Stocks in Asia were mostly stronger on Tuesday after the heightened volatility of the previous day.Markets, ...

Labor shortages forcing UK to take in more foreign workers

LONDON, England: To tackle labour shortages in key industries, British Prime Minister Liz Truss is set to review the country's ...

Antonio Guterres agrees to hold donors' conference to help Pakistan: Shehbaz

ISLAMABAD, Pakistan - Prime Minister Shehbaz Sharif has stated that Pakistan may need to import over a million tonnes of ...

U.S. stock markets slide amidst turmoil on currency and bond markets

NEW YORK, New York - U.S. stocks had a choppy day Monday, which was marred by severe gyrations in bond ...

100th anniversary of renowned Hollywood sign calls for repaint

HOLLYWOOD, California: Ahead of its 100th anniversary, the world famous Hollywood sign on Mount Lee overlooking Los Angeles is being ...

US Senate targets Facebook, Google for money shared with news groups

WASHINGTON D.C.: The U.S. Senate Judiciary Committee has approved a bill that will allow news organizations to jointly negotiate with ...

Financial crisis hits Asian markets, British pound collapses

SYDNEY, NSW, Australia - An extraordinary plunge in the British pound to an all-time low on Monday has spooked investors, ...

1.1 million Teslas in U.S. recalled for software update

AUSTIN, Texas: Due to increased risks caused by a fault in its automatic window reversal system, electric vehicle maker Tesla ...

Why IMF comments on the UK economy spooked traders and investors

Everyone from political pundits to people on the street have issued forth on the new UK government's tax cut-laden growth ...

Three reasons a weak pound is bad news for the environment

The day before new UK chancellor Kwasi Kwarteng's mini-budget plan for economic growth, a pound would buy you about $1.13. ...

Liz Truss: are the Conservatives facing an electoral meltdown?

The Conservative party is heading into its annual conference amid the catastrophic fallout from Chancellor Kwasi Kwarteng's mini-budget. The decision ...

Heavy Gunfire in Burkina Faso Capital, Soldiers on Streets

OUAGADOUGOU - Heavy gunfire rang out from the main military camp and some residential areas of Burkina Faso's capital on ...

Nord Stream was ruptured by two blasts WSJ

The pipelines were damaged by explosions, each with a force equivalent to 500 kg (1,100 pounds) of TNT, the WSJ ...

MEP wants Russian region split between two EU states

A Czech lawmaker has suggested holding a referendum on making Kaliningrad Region ?Czech-Polish?A long-time European Parliament member from the Czech ...

Experts fear rate hike may dampen consumption, express optimism over resilient economy

New Delhi [India], September 30 (ANI): After the Reserve Bank of India (RBI) hiked repo rate on Friday, it brings ...

Indian equities snap 7-day losing streak; Sensex surges 1,017 points

Mumbai (Maharashtra) [India], September 30 (ANI): The Indian stock market's benchmark Sensex surged by over 1,000 points on Friday after ...

FBI Joins Australian Hunt for Data Hackers

SYDNEY - Australia has asked the American FBI to help catch computer hackers responsible for one of Australia's biggest data ...

Sensex surges 1,200 points as RBI hikes repo rate 50 bps on expected lines

Mumbai (Maharashtra) [India], September 30 (ANI): The Indian stock market's benchmark Sensex surged by more than 1,200 points in the ...

RBI hikes repo rate by 50 bps to fight high inflation, tightening policies of advanced economie

Mumbai [India], September 30 (ANI): Reserve Bank of India's Governor Shaktikanta Das today announced the hike of the repo rate, ...

Sluggish global demand poses major threat to trade Beijing

A flagging global economy keep squeezing the consumption of goods, the vice commerce minister warnsDemand for goods made in China ...

Pentagon to create Ukraine command media

The new military unit will reportedly be modeled on ?train-and-assist efforts in Iraq and Afghanistan? over the last 20 yearsThe ...

RBI hikes repo rate by 50 bps to 5.90 pc, inflation projection retained at 6.7 pc

Mumbai [India], September 30 (ANI): The Reserve Bank of India (RBI) on Friday hiked repo rate by 50 basis points ...

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Airlines

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Ireland's Aer Lingus to open 15th Atlantic route to Cleveland, USA

DUBLIN, Ireland: Ireland's Aer Lingus has announced that it will open direct air links between the U.S. city of Cleveland ...

Enormous debt forces Garuda Indonesia to file for bankruptcy

JAKARTA, Indonesia: Irfan Setiaputra, CEO of Indonesian flag carrier Garuda Indonesia, has confirmed to Reuters that last week the airline ...

Russian airlines staff receive conscription notices, media reports

MOSCOW, Russia: Employees at Russian airlines and airports have begun receiving army draft orders, as reported this week by the ...

Rajasthan govt to host 'Invest Rajasthan Summit' in Jaipur on Oct 7, 8

Jaipur (Rajasthan) [India], September 30 (ANI): The Rajasthan government is organizing the 'Invest Rajasthan Summit' on October 7 and 8, ...

Truly a moment I'll never forget: Suriya after winning National Award for Best Actor

New Delhi [India], September 30 (ANI): Actor Suriya won the National Award for Best Actor for 'Soorarai Pottru' on Friday. ...

Business milieu in India has changed under dynamic leadership of PM Modi, says Tomar

New Delhi [India], September 30 (ANI): Union Minister of Agriculture and Farmers Welfare Narendra Singh Tomar met the Indian Diaspora ...

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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