Sat, 25 Mar 2023

U.S. says businesses receiving federal funds cannot work with China

WASHINGTON D.C.: The US Commerce Department has proposed new laws aimed at preventing China and other countries deemed of concern ...

Wall Street gives up early gains to cloe moderately higher

NEW YORK, New York - As concerns over the banking sector eased, U.S. stocks moved moderately higher on Thursday, but ...

Mexico to become EV production hub despite low local demand

MEXICO CITY, Mexico: Amid Tesla's plan to open a $5 billion Gigafactory in the country, Mexico will soon become an ...

France says fishermen must end deaths of dolphins-porpoises in nets

PARIS, France: Amidst the mass deaths of dolphins and porpoises in recent years, France's highest administrative body has ordered the ...

Philippines finds leaking fuel tanker 3 weeks after sinking

MANILA, Philippines: An underwater robot from Japan has located a leaking fuel tanker, MT Princess Empress, which sank off the ...

U.S. stocks tumble as UK inflation rate spikes to 10.40 percent

NEW YORK, New York - A hike in official U.S. interest rates of 0.25 percent, and a jump in inflation ...

Amazon to cut 9,000 jobs, bringing total layoffs to 27,000

SEATTLE, Washington: In a memo to staff sent this week, Amazon CEO Andy Jassy said the company plans to cut ...

Defective break hose, wiper arm causes Ford recall of 1.5 million cars

DETROIT, Michigan: Due to leaking brake hoses and windshield wiper arms that can break off, Ford is recalling more than ...

Techs jump in widespread U.S. stock markets advance

NEW YORK, New York - Wall Street continued its advance on Tuesday as investors continued to weigh up the health ...

US says citizens not to buy meds in Mexico, many contain fentanyl

WASHINGTON D.C.: The US State Department has issued a travel warning regarding dangerous fake pills sold at pharmacies in Mexico, ...

Mercedes modernizing EV plants in China, Germany, Hungary,

FRANKFURT, Germany: The German Automobilwoche magazine has reported that as part of its efforts to switch to selling electric vehicles ...

Banks rebound lifting U.S. stock markets, Nasdaq gains 45 points

NEW YORK, New York - U.S. stocks rallied on Monday following the weekend buy-in of Credit Suisse by UBS, which ...

US loans $300 billion to banks following closing of SVB bank

WASHINGTON D.C.: The US Federal Reserve Bank has announced that cash-strapped banks throughout the US borrowed some $300 billion during ...

Deloitte agrees to pay $31 mln fine to China after mistakes in audit

BEIJING, China: Following the inability of China Huarong Asset Management Co Ltd to release financial reporting obligations in 2020, China ...

UBS to buy Credit Suisse for fraction of its value, Swiss government to underwrite losses

ZURICH, Switzerland - Depositors will be fully protected, shareholders will have their equity dwarfed, while bond holders will be largely ...

SpaceX, Netflix, Boeing join largest US business mission to Vietnam

HANOI, Vietnam: SpaceX, Netflix and Boeing will join what is described as the "biggest-ever" U.S. business mission to meet in ...

Lebanese shrink Ramadan menu amid steep price increase

© Provided by Xinhua by Dana HalawiBEIRUT, March 24 (Xinhua) -- Rana Rashidi, a young Lebanese housewife and mother of ...

UK consumer data improve but outlook remains gloomy

© Provided by Xinhua Retail sales volumes grew by 1.2 percent in February, the largest monthly increase since October 2022, ...

IMF asks Pakistan to provide external financing assurances for release of funds

Islamabad [Pakistan], March 24 (ANI): The International Monetary Fund (IMF) has asked Islamabad to provide external financing assurances before it ...

China's listed firms perform well in advancing high-quality development

© Provided by Xinhua BEIJING, March 24 (Xinhua) -- With increased operating revenues and net profits in 2022, China's listed ...

Chinese auto enterprises roll out stimulus measures to spur consumption

© Provided by Xinhua NANNING, March 24 (Xinhua) -- Zhou Min, a car salesperson at an Audi 4S store in ...

Finance Bill passed in Lok Sabha, FM Sitharaman announces committee to look into pension system

New Delhi [India], March 24 (ANI): Amid the debate over certain Opposition-ruled states adopting the Old Pension Scheme (OPS), Union ...

UK inflation accelerates data

Prices for food and non-alcoholic drinks have jumped to the highest level since 1977, official statistics showConsumer prices in the ...

Indian stock indices extend losses, fall marginally Friday

New Delhi [India], March 24 (ANI): Indian stocks extended their losses from the previous session and opened marginally lower on ...

Why mortgage rates will not return to recent lows any time soon

The Bank of England base rate has increased steeply from 0.25% in January 2022 to 4.25% in March 2023. More ...

Pentagon begins redeployment to deter Russia and China WSJ

The US Defense Department will move newer attack aircraft to Europe and the Pacific, the newspaper reportsThe US will send ...

US economy heading for train wreck, billionaire warns

Continued interest rate hikes by the Fed could worsen the banking turmoil, according to Bill AckmanThe US economy is facing ...

Most wanted crypto fugitive arrested minister

Do Kwon, the co-founder of failed companies TerraUSD and Luna, is accused of defrauding investors of $40 billionWanted South Korean ...

Pakistan invokes Shariah amid calls for compliance under European Union's GSP Plus scheme

Islamabad [Pakistan], March 23 (ANI): A significant beneficiary of European Union's GSP Plus scheme, Pakistan is having a tough time ...

State Bank of Pakistan likely to raise interest rate to unlock IMF loan programme

Karachi [Pakistan], March 23 (ANI): The State Bank of Pakistan (SBP) is likely to raise the interest rate by 2 ...

Explainer: What Did The Xi-Putin Meeting In Moscow Achieve?

Chinese President Xi Jinping has left Moscow after a three-day visit with Russian counterpart Vladimir Putin that was ripe with ...

Indian stocks close in red on continued US Fed's interest rate hike

New Delhi [India], March 23 (ANI): Indian stocks settled lower on Thursday in line with weakness in the US markets, ...

Biden Embarks on First Presidential Visit to Canada

washington - President Joe Biden has a number of critical issues to discuss with his Canadian counterpart when he makes ...

Greater risk of rupee weakness; RBI could press hard on brakes: Moody's

New Delhi [India], March 23 (ANI): The risk of weakness in currencies in the emerging economies in Asia is worrisome, ...

High time for Pakistan to rethink its Afghan policy

Islamabad [Pakistan], March 23 (ANI): Recently, a high-level Pakistani delegation comprising Defence Minister, DG ISI, and Foreign Secretary visited Kabul ...

US Fed further hikes interest rate in fight against high inflation

Washington [US], March 23 (ANI): The US monetary policy committee, seeking to achieve maximum employment and inflation at the rate ...

Indian stocks decline on US central bank's continued interest rate hike

New Delhi [India], March 23 (ANI): Indian stocks fell Thursday during the morning trade in line with weakness in the ...

Gulf banks raise interest rates following US Federal Reserve hike

ABU DHABI, 22nd March, 2023 (WAM) -- The central banks of Saudi Arabia, Bahrain and Qatar raised their benchmark borrowing ...

US stocks, treasury yields retreat as Fed signals pause in rate hikes

NEW YORK, 22nd March, 2023 (WAM) -- US stocks retreated from near two-week highs on Wednesday after the Federal Reserve ...

Dow sinks 530 points after Fed rate hike

© Provided by Xinhua Fed Chair Jerome Powell said the rate-setting committee considered a pause in rate hikes in light ...

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Despite promises, girls again barred from schools in Afghanistan

KABUL, Afghanistan: Afghanistan's education ministry has announced that the country's school year has begun, but the United Nations children's agency, ...

Seeking to reduce tensions, ex-Taiwan PM Ma Ying-jeou to visit China

TAIPEI, Taiwan: In an effort to ease tensions between Taiwan and China, former Taiwanese President Ma Ying-jeou will visit Beijing ...

Following kidnapping, Frenchmen, US worker released in Africa

NIAMEY, Niger: Four weeks after US Secretary of State Antony Blinken visited Niger, an American aid worker and a French ...

Ukraine to receive more artillery shells from EU after agreement ok'd

BRUSSELS, Belgium: While chairing a meeting of EU foreign and defense ministers in Brussels this week, European Union (EU) foreign ...

Media reports nine Chinese killed at Africa mine

BANGUI, Central African Republic: Authorities from the Central African Republic have said that nine Chinese nationals were killed and two ...

Australian river town reports millions of dead fish

MENINDEE, Australia: After recent floods and hot weather, millions of dead fish have washed up in southeastern Australia, which authorities ...

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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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