Wed, 08 Feb 2023

Fed fails to cool economy as US sees 517,000 jobs created in January

WASHINGTON D.C.: Despite the efforts of the Federal Reserve Bank to cool the job market to help curb record-high inflation, ...

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 ...

India stands committed to reducing emissions intensity of GDP by 45 pc by 2030: Bhupender Yadav

New Delhi [India], February 7 (ANI): Union Minister of Environment, Forest and Climate Change Bhupender Yadav today addressed the Ministerial ...

ED seizes Rs 859.15 crore proceeds of crime under PMLA in illegal loan app cases: MoS Finance in Rajya Sabha

New Delhi [India], February 7 (ANI): The Enforcement Directorate has attached proceeds of crime worth Rs 859.15 crore under the ...

Energy security for India paramount, but not at cost of climate change goals: Petroleum Minister

Bengaluru (Karnataka) [India], February 7 (ANI): Energy security for India is paramount though it has by no means diluted the ...

Russia has lost confidence in US dollar official

The greenback has become an unreliable unit of account, says Finance Minister Anton SiluanovRussia no longer has trust in the ...

China's forex reserves rise in January

© Provided by Xinhua BEIJING, Feb. 7 (Xinhua) -- China's foreign exchange reserves rose to 3.1845 trillion U.S. dollars at ...

Google opens ChatGPT rival Bard for testing: WSJ

Las Vegas (Nevada), San Francisco (California) [US], February 7 (ANI): Google is rolling out a new conversational artificial-intelligence service to ...

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 ...

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TikTok CEO to appear before US Congress to discuss security concerns

WASHINGTON D.C.: As US lawmakers investigate the Chinese-owned video-sharing app TikTok, its Chief Executive, Shou Zi Chew, has confirmed that ...

Google reveals new conversation AI

Dubbed Bard, the service will compete with the Microsoft-backed ChatGPTAn "experimental conversational AI service" named Bard will be made available ...

Reliance unveils India's first hydrogen combustion engine technology for heavy-duty trucks

Mumbai (Maharashtra) [India], February 6 (ANI): Reliance Industries Limited (RIL) on Monday unveiled India's first Hydrogen Internal Combustion Engine technology ...

CAG SAI meet: Our focus is cyber security, artificial intelligence, says GC Murmu

Lucknow (Uttar Pradesh) [India], February 6 (ANI): India's membership into the Shanghai Cooperation Organisation (SCO) reaffirms its age-old connection with ...

Ransomware Attacks in Europe Target Old VMware, Agencies Say

Rome - Cybersecurity agencies in Europe are warning of ransomware attacks exploiting a two-year-old computer bug as Italy experienced widespread ...

Migrant workers left with no job, stable income due to Xi's Zero Covid policy: Report

Beijing [China], February 5 (ANI): China lifted the 'Zero Covid' policy hoping it would give their citizens relief but it ...

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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