Sun, 25 Sep 2022

Global financial markets in disarray, British pound plunges

NEW YORK, New York - U.S. and global stocks continued falling Friday in a dismal end to the week. The ...

UK caps energy prices for businesses this winter

LONDON, England: Businesses struggling with soaring energy costs have welcomed the British government's move to cap wholesale electricity and gas ...

Stocks in Asia on the nose, Australian market loses nearly 2 percent

SYDNEY, NSW, Australia - Stocks in Asia were sold off sharply across the board on Friday. Bonds dived as yields ...

Food, energy lead jump in Sri Lanka inflation to 70.2% in August

COLOMBO, Sri Lanka: The Department of Census and Statistics in Sri Lanka said consumer inflation surged to 70.2 percent in ...

Seeking rebound after Covid, Shanghai begins construction projects

SHANGHAI, China: After its economy slowed due to COVID-19 lockdowns in April and May, Shanghai, China's largest city, announced the ...

U.S. stocks reverse early gains and close in red, Nasdaq loses 153 points

NEW YORK, New York - Fears of a global recession coupled with higher inflation and even more aggressive interest rate ...

Congress hears from CEOs of U.S. banks at special hearing

WASHINGTON D.C.: The chief executives of JP Morgan, Bank of America, Citigroup, Wells Fargo and other major U.S. retail banks ...

Pepsi products leaving Russia due to invasion of Ukraine

MOSCOW, Russia: Some six months after it said it would halt sales and production following Russia's invasion of Ukraine, PepsiCo ...

Stocks in Asia continue sliding, Nikkei 225 drops 153 points

TOKYO, Japan - Stocks in Asia continued sliding Thursday, extending losses related to the U.S. Federal Reserve's aspirations to stamp ...

Asian tourists to return to large numbers by 2024, says Agoda CEO

BANGKOK, Thailand: Online travel agency Agoda predicts that Asian tourists will resume international travel at pre-pandemic levels by 2024. The ...

Following Covid, Thailand sees 2023 tourism revenues of $64.5 billion

BANGKOK, Thailand: Thailand expects to earn $64.50 billion in tourism revenues in 2023, according to government spokesperson Anucha Burapachaisri. As ...

75 basis points interest rate hike hits U.S. stocks, Nasdaq dives 205 points

NEW YORK, New York - Wall Street buckled on Wednesday and the U.S. dollar roared as the Federal Reserve delivered ...

To speed economic recovery, China to hurry construction projects

BEIJING, China: China state planners have said that even though the economy showed signs of renewed momentum last month, the ...

Loop Energy says new hydrogen engine as economic as diesel

BURNABY, Canada: Hydrogen fuel cell maker Loop Energy has announced that its latest hydrogen cell truck motor provides better fuel ...

Asian stock markets close lower ahead of FOMC decision

SYDNEY, NSW, Australia - Stocks in Asia wilted on Wednesday following further falls on Wall Street overnight.At the conclusion of ...

Protesters in Moldova call for new government as inflation strikes

CHISNAU, Moldova: Thousands of people in Moldova protested against high inflation and fuel prices, as well as demanded the resignation ...

US man faces prison term for $2.6 million COVID-19 relief fraud

FT. MEYERS, Florida: A Florida man, Daniel Joseph Tisone from Naples, has pleaded guilty to stealing COVID-19 relief funds worth ...

Fed fears undermine U.S. stocks, Nasdaq dives 110 points

NEW YORK, New York - U.S. stocks closed sharply lower on Tuesday, ahead of the completion of the two-day regular ...

After Russian war in Ukraine, Airbus reports more helicopter orders

PARIS, France: Airbus Helicopters CEO Bruno Even has said that he expects new orders and deliveries to continue rising in ...

Tesla hopes to sell 80,000 cars in Germany in 2022

BERLIN, Germany: German weekly Automobilwoche has reported that Tesla seeks to doubleits vehicle sales in Germany in 2022, to reach ...

Stocks in Asia on the rise, Nikkei 225 advances 121 points.

SYDNEY, NSW, Australia - Stocks in Asia were solidly higher on Tuesday, mirroring gains on Wall Street overnight.The Australian All ...

Hungary, critical of Russian sanctions, continues price caps

BUDAPEST, Hungary: Prime Minister Viktor Orban's chief of staff, Gergely Gulyas, said in an effort to protect households from surging ...

Delta Air Lines' oil refinery to blend biofuels

ATLANTA, Georgia: Delta Air Lines is taking steps to using biofuel to power its aircraft. Currently, the U.S Renewable Fuel ...

Tug of war on U.S. stock markets but major indices end with gains

NEW YORK, New York - U.S. stocks were choppy on Monday with all the major indices dipping in and out ...

Kathmandu: Police continue crackdown on loan shark victims

KATHMANDU, Nepal - The police crackdown on loan shark victims in Maitighar Mandala has continued. Police have detained as many ...

At Bihar rally, Shah highlights India becoming 5th largest economy in world overtaking UK

Kishanganj (Bihar) [India], September 24 (ANI): Highlighting the country's growth stride, Union Home Minister Amit Shah on Saturday said that ...

What makes India an attractive investment destination?

New Delhi [India], September 24 (ANI): Among the very few countries which have successfully countered the fiscal challenges caused by ...

EU seeks laws against human rights issues in Pakistan

Islamabad [Pakistan], September 24 (ANI): The Members of the European Parliament (MEPs), who paid a three-day visit to Pakistan, have ...

US oil reserves at lowest level in decades media

The stockpile has been gradually shrinking due to Washington's attempts to stabilize gasoline pricesUS strategic petroleum reserves (SPRs) have shrunk ...

Nigeria is producing less and less oil. Here's why

Nigeria's oil output was at the lowest since 1990 as its crude oil production fell below 1 million barrels per ...

Why Japan's central bank sticks to ultralow rate policy

© Provided by Xinhua Experts here believe that there are reasons behind the BOJ's decision to keep the ultralow rate ...

Dow Hits 2022 Low as Markets Sell Off on Recession Fears

Markets sold off around the world on mounting signs the global economy is weakening just as central banks raise the ...

Pakistan PM says floods signify global climate impact, urges UN to act

New York [US], September 24 (ANI): Pakistan Prime Minister Shehbaz Sharif on Friday highlighted the devastation caused by the floods ...

Union Minister chairs National SC-ST Hub conclave in Tamil Nadu

New Delhi [India], September 23 (ANI): With an aim to spread awareness about the National Scheduled Caste and Scheduled Tribe ...

Sterling hits new low against U.S. dollar amid UK fiscal uncertainty

© Provided by Xinhua The pound tumbled more than 3 percent and traded below 1.10 U.S. dollars, reaching its lowest ...

Mini budget: will Kwasi Kwarteng's plan deliver growth?

The UK economy has been dogged by slow growth for a long time. Combined with even slower growth in productivity, ...

India's forex reserves hit near 2-year low

Mumbai [India], September 23 (ANI): India's foreign exchange reserves declined for a seventh straight week, touching $545.652 billion in the ...

European investments in China slackening

Beijing [China], September 23 (ANI): European corporate investment in China is slackening as the country's real estate market is slumping, ...

UK announces large tax cuts to boost growth

© Provided by Xinhua The new measures include canceling the planned increase in corporation tax from 19 percent to 25 ...

Inflation, Unrest Challenge Bangladesh's 'Miracle Economy'

Dhaka, Bangladesh - Standing in line to try to buy food, Rekha Begum is distraught. Like many others in Bangladesh, ...

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Invincible Defense Technology to put warring parties on path to peace

Longstanding divisive issues between Azerbaijan and Armenia resulting from or related to the Nagorno-Karabakh conflict remain unresolved, despite continuing efforts ...

US to seek death penalty against alleged New York bike path killer

WASHINGTON D.C.: The U.S. government said it will seek the death penalty for Sayfullo Saipov, the man charged with running ...

Hong Kong expected to reduce strict COVID-19 quarantine policy

HONG KONG: To keep the city connected with the rest of the world, while ensuring an "orderly opening-up," Hong Kong ...

Ashraf Ghani still considers himself the legitimate Afghanistan president

In his first public and comprehensive interview after the collapse of the Afghan Government back in August last year, the ...

Don't touch foreigners to reduce monkeypox risk, says Chinese official

BEIJING, China: After the first known case of monkeypox was reported on mainland China last week, a senior Chinese health ...

U.S. traffic deaths hit 16-year high in first half of 2022

WASHINGTON D.C.: According to an early estimate released by the National Highway Traffic Safety Administration (NHTSA), in the first half ...

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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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