Tue, 28 Mar 2023

Closing of SVB Bank causes fall in deposits in small US banks

NEW YORK CITY, New York: Deposits at small U.S. banks throughout the country dropped the most since 2007 after the ...

Ford EVs will lose $3 billion pretax in 2023, says officials

DETROIT, Michigan: In a briefing for investors and analysts this week, Ford Motor Co. reported that while its electric vehicle ...

Hundreds of workers to be fired at Walmart's US fulfillment centers

BENTON, Arkansas: Reuters reported that due to a reduction or elimination in evening and weekend shifts, Walmart will lay off ...

Russian car buyers slowly learning to buy Chinese cars

MOSCOW, Russia: As western automakers have left Russia since the start of the Ukraine war, the Chinese have rushed in ...

Tottering Virgin space business receives $200 million from investor

LONDON, England: Reuters has reported that struggling Virgin Orbit, owned by billionaire Richard Branson, is nearing a $200-million investment deal ...

EV charger plants slowing down due to 'Made In America' rules

NEW YORK CITY, New York: To comply with the requirements of the "Made in America" laws, a $7.5 billion federal ...

Financing official: expect more banks to close

LONDON, England: During a Bloomberg conference held in London this week, Luke Ellis, CEO of hedge fund Man Group, said ...

U.S. stocks defy global gloom, concerns about giant German bank

NEW YORK, New York - Wall Street jumped on Friday, although gains were modest after bank shares in Europe came ...

30,000 teachers' aides, bus drivers, others strike at Calif. schools

LOS ANGELES, California: Some 30,000 education workers in Los Angeles, backed by teachers, went on a three-day strike, canceling school ...

Demand for US flights to Europe jumps 37%, prices also rise

LONDON, England: Despite rising air fares, a potential global economic recession and risks of gridlock at some airports in Europe ...

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 ...

EconomyInFocus | China's economic recovery adds certainty to global growth

© Provided by Xinhua © Provided by Xinhua Passenger flows, logistics, and business trips in Ch ...

RBI likely to pause interest rate hike in April policy meet: SBI Research

New Delhi [India], March 27 (ANI): The Reserve Bank of India (RBI) is expected to pause their interest rate hike ...

China's non-financial outbound direct investment surges in Jan-Feb

© Provided by Xinhua BEIJING, March 27 (Xinhua) -- China's non-financial outbound direct investment (ODI) surged 35.7 percent year on ...

China could be 'safe haven amid banking turmoil Citi

More international capital is likely to flee from Western markets to Asia, according to expertsThe unfolding banking crisis in the ...

Indian stocks start fresh week on a positive note

New Delhi [India], March 27 (ANI): Indian stocks rose marginally and started fresh with positive momentum after experiencing losses during ...

Chinese real estate giant Evergrande rolls out restructuring plan

Beijing [China], March 27 (ANI): China's crisis-hit real estate giant Evergrande has rolled out its restructuring plan and it involves ...

Are you financially literate? Here are 7 signs you're on the right track

With the cost of living and interest rates rising, a growing number of Australians are struggling to manage their finances. ...

Spain Tells 'Fire Tourists' to Stay Away From Forest Blaze

Barracas, Spain - Officials told 'fire tourists" to keep away from blazes raging in eastern Spain on Sunday, saying onlookers ...

In Ghana, Kamala Harris 'Excited About Future of Africa'

Accra - Vice President Kamala Harris was greeted by schoolchildren, dancers and drummers as she arrived Sunday in Ghana for ...

EU and Germany reach deal on combustion engine ban officials

Progress toward an agreement had stalled earlier this month due to Berlin's demand for exemptionsGermany and the EU have reached ...

IMF issues warning on global economic stability

Interest rate hikes to battle inflation have created 'stresses and vulnerabilities,? the fund's head Kristalina Georgieva has saidThe world economy ...

Nepal drowning in Chinese debt trap

Kathmandu [Nepal], March 26 (ANI): China has been playing a long game to establish its hegemony in the South Asia ...

6.34 lakh devotees registered for Char Dham Yatra: Ukd Tourism Development Council

Dehradun (Uttarakhand) [India], March 26 (ANI): In view of the upcoming Chardham Yatra, a total of 6.34 lakhs devotees have ...

India, US, Japan secure USD 2.286 bn IMF bailout for Sri Lanka

Colombo [Sri Lanka], March 26 (ANI): After a protracted battle by India, the United States and Japan to get China ...

Wildfire in Spain Forces Hundreds to Flee, Leave Animals Behind

BARRACAS, Spain - Spain's first major wildfire of the year scorched more than 4,000 hectares of forest and forced 1,700 ...

China's economic recovery adds certainty to global growth

© Provided by Xinhua BEIJING, March 25 (Xinhua) -- After a good start this year, the Chinese economy will buoy ...

Delegates discuss energy security, climate change at second G20 Framework Working Group meeting

Tamil Nadu (Chennai) [India], March 25 (ANI): The second G20 Framework Working Group (FWG) meeting under India's G20 Presidency concluded ...

As country reels under inflation, Pakistanis feel pocket pinch in Ramzan month

Islamabad [Pakistan], March 25 (ANI): Rising inflation has dampened the Ramzan spirit in Pakistan. As the country prepares for the ...

Uttarakhand govt signs agreement with Hewlett Packard for health ATMs on Chardham route

Dehradun (Uttarakhand) [India], March 25 (ANI): An agreement between the Uttarakhand government and Hewlett Packard Enterprise was signed to deploy ...

Ukd, Hewlett Packard Enterprise sign MoU for health screening during Chardham Yatra

Dehradun (Uttarakhand) [India], March 25 (ANI): In view of the upcoming Chardham Yatra, an MoU was signed between the Director ...

Angry miners hold mock Greta Thunberg funeral

Polish coal miners are protesting that EU directives could lead to the loss of thousands of jobsPolish coal miners, angered ...

Biden sees no threat to US banking sector

The US President admits that Washington needs time to deal with the current challengesThe American banking sector is not going ...

India's forex reserves rise sharply

New Delhi [India], March 25 (ANI): India's foreign exchange reserves rose sharply by USD 12.798 billion to USD 572.801 billion ...

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Canada tells Biden it will spend more on Great Lakes water quality

OTTAWA, Canada: After a meeting between Canadian Prime Minister Justin Trudeau and US President Joe Biden, Ottawa has pledged to ...

Oilers seek more points, season sweep of Coyotes

With regular-season games dwindling and the chances of winning the Pacific Division slipping away, the Edmonton Oilers still are fighting ...

NHL roundup: Bruins knock off Hurricanes for 7th straight win

David Pastrnak scored twice in regulation to eclipse the 50-goal mark before Charlie Coyle and Jake DeBrusk tallied in the ...

Botic van de Zandschulp upsets No. 3 seed Casper Ruud in Miami

Third-seeded Casper Ruud was the only upset victim on Sunday at the Miami Open, losing in three sets to Botic ...

NBA roundup: Cavs blast Rockets, punch ticket to postseason

Jarrett Allen recorded his 32nd double-double of the season and helped Cleveland stave off the visiting Houston Rockets 108-91 on ...

Marketa Vondrousova pulls off upset at Miami Open

The Czech Republic's Marketa Vondrousova and 18th-seeded Ekaterina Alexandrova of Russia each recorded straight-set upsets on Sunday in the third ...

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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