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Financial Markets

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Audi to cut 7,500 jobs in Germany by 2029 in cost-cutting move
Audi to cut 7,500 jobs in administration, development by 2029

BERLIN, Germany: Audi has announced plans to cut up to 7,500 jobs in Germany by 2029 as part of a broader restructuring aimed at reducing...

Wall Street rallies on Federal Resrve decision
U.S. stocks advance after Fed leaves interest rates unchanged

NEW YORK, New York - U.S. stocks rose Wednesday despite the U.S. Federal Reserve signalling a potential slowdown in the U.S. economy,...

Trump repeals $17.75 minimum wage rule for federal contractors
Trump nixes Biden-era minimum wage of $17.75 for federal contractors

WASHINGTON, D.C.: President Donald Trump has reversed a Biden-era executive order requiring businesses with federal contracts to pay...

UBS CEO Ermotti to earn $17 million in 2024, report says
UBS CEO Ermotti to get $17 million paycheck for 2024, Blick reports

FRANKFURT, Germany: UBS CEO Sergio Ermotti will receive a pay package of just over 15 million Swiss francs (US$17 million) for 2024,...

U.S. stock markets slide, Dow Jones drops 260 points
Sellers return to Wall Street, Nasdaq Composite drops 305 points

NEW YORK, New York - Sellers took charge again on Wall Street Tuesday as the brief rebound that took place on Monday petered out. Stocks...

Vietnam, US sign energy and minerals deals amid trade talks
US, Vietnam firms sign deals on energy and minerals

HANOI, Vietnam: As Vietnam seeks to strengthen trade ties and avoid potential U.S. tariffs, companies from both countries signed agreements...

Technology

Section
Spotify paid a record $10 billion in music royalties in 2024
Spotify says it paid $10 billion in royalties in 2024

STOCKHOLM, Sweden: Spotify set a new milestone in 2024, paying out US$10 billion in royalties—the highest annual payout to the music...

Social Collage Partners with American Domains to Launch Domain as a Service (DaaS) in India
Social Collage Partners with American Domains to Launch Domain as a Service (DaaS) in India

SMPL New Delhi [India], March 20: Social Collage, a leading digital solutions provider, has joined forces with American Domains,...

US Senator Nelson thanks God and NASA after Sunita Williams, Butch Wilmore return to Earth
US Senator Nelson thanks God and NASA after Sunita Williams, Butch Wilmore return to Earth

Washington, DC [US], March 20 (ANI): US Senator and the NASA Administrator Bill Nelson has thanked God and employees of the US space...

Trump's vow to look out for 'forgotten man and woman' resulted in NASA Astronauts' return, WH says
Trump's vow to look out for 'forgotten man and woman' resulted in NASA Astronauts' return, WH says

Washington DC [US], March 20 (ANI): US White House Press Secretary Karoline Leavitt, during her press briefing on Wednesday (local...

Anupam Kher, Shilpa Shetty react on Sunita Williams' safe return to Earth after historic space mission
Anupam Kher, Shilpa Shetty react on Sunita Williams' safe return to Earth after historic space mission

Mumbai (Maharashtra) [India], March 19 (ANI): The film fraternity is celebrating astronaut Sunita Williams's safe return to Earth after...

India celebrates NASA astronauts return from space
India celebrates NASA astronauts return from space

American Sunita Williams, who is of Indian origin, had been stranded at the International Space Station for nine months The ancestral...