Thu, 02 Feb 2023

Roller-coaster ride for U.S. stocks Wednesday, Nasdaq stars with 2% gain

NEW YORK, New York - Wall Street dove into the red Wednesday after the U.S. Federal Reserve Open Market Committee ...

Report says US consumer spending fell in December wh

WASHINGTON D.C.: In the latest indication that its interest rate hikes are slowing the US economy, the Federal Reserve's main ...

China says shipments of smartphones in 2022 falls to lowest in decade

BEIJING, China: As COVID-19 restrictions and a slowing economy curbed consumer demand in 2022, China's smartphone sales witnessed a record ...

To reach out to public, Japanese vending machines selling whale meat

TOKYO, Japan: After struggling for years to promote its products amid protests from conservationists, Japanese whaling company Kyodo Senpaku announced ...

Air India begins update with purchase of nearly 250 aircraft

NEW DELHI, India: Marking a year since the Tata Group took control of Air India, the former state-run carrier has ...

Tech stocks lead U.S. markets rally, Nasdaq Composite climbs 191 points

NEW YORK, New York - A slowing of wages growth in the fourth quarter, as reported by the Labor Department, ...

Profits down 9% at American Express due to late customer payments

NEW YORK CITY, New York: As it sets aside more funds to cover potentially bad loans, American Express announced that ...

UK airline Flybe goes out of business, cancels all flights

LONDON, England: Flybe, a British regional airline, abruptly closed operations on January 28. The airline offered flight to Belfast, Birmingham ...

Mobileye forecasts higher revenue in 2023

JERUSALEM, Israel: As demand for its driver-assistance technology rises among vehicle-makers, Mobileye Global is forecasting revenues for the 2023 fiscal ...

U.S. stocks fade ahead of Federal Reserve Meeting

NEW YORK, New York - U.S. stocks closed sharply lower Monday as investors fretted over which way the Federal Reserve ...

Adani says Hindenburg Research report a 'lie'

Ahmedabad (Gujarat) [India], January 30 (ANI/Big News Network): The Adani group, in a sharp and focused response to Hindenburg Research's ...

South Korea to aid public with more energy vouchers

SEOUL, South Korea: South Korean officials have said that the government will double energy vouchers and provide discounts on gas ...

Merger talks underway between cigarette makers, Juul e-cigarettes

WASHINGTON D.C.: The Wall Street Journal has reported that e-cigarette maker Juul and three tobacco giants are negotiating potential sale, ...

Tesla pins hopes on new Nevada battery factor to bring down prices

AUSTIN, Texas: Tesla gas announced an investment of more than $3.6 billion to expand its Nevada Gigafactory complex with the ...

Opposition rising to US tax credits for EVs not meeting sourcing rules

WASHINGTON D.C.: US Senate Energy and Natural Resources Committee chair Joe Manchin has introduced legislation that imposes battery sourcing requirements ...

Singapore says core inflation up 5.1 percent in December

SINGAPORE: In December, Singapore saw its key consumer price gauge rise 5.1 percent, higher than predicted, official data said. However, ...

Weak 2023, predicts US defense contractor General Dynamics

RESTON, Virginia: Amidst labor and supply shortages, US defense contractor General Dynamics forecasted weak 2023 results, though strong demand for ...

Serta Simmons mattresses seeks bankruptcy protection

ATLANTA, Georgia: In light of its significant debt, the slowing economy and rising interest rates stifling consumer demand, US mattress-maker ...

Walmart minimum wage to start at $14/hr, still below Costco, Target

BENTONVILLE, Arkansas: To attract and retain employees in a tight domestic labor market, Walmart has announced that it it will ...

US: Fed approves quarter-point hike, indicating improved inflation outlook

Washington [US], February 2 (ANI): The United States Federal Reserve approved a quarter-point interest rate hike on Wednesday (local time), ...

IMF projects slowdown in Pakistan's GDP from 3.5pc to 2pc

Islamabad [Pakistan], February 2 (ANI): The International Monetary Fund projected a slowdown in the Gross Domestic Product (GDP) from 3.5 ...

Golf Glance: Stars align for Pebble Beach Pro-Am

Field Level Media's Golf Glance provides weekly news and storylines from each of the major North American golf tours. PGA ...

Union Budget 2023-24: BSE Sensex surges by more than 1100 points

New Delhi [India], February 2 (ANI): The stock market responded positively to the Union Budget 2023-24, with the benchmark BSE ...

Budget 2023 fails to address problems of unemployment, poverty; will benefit capitalists: Opposition leaders

New Delhi [India], February 2 (ANI): Opposition parties slammed the Union Budget 2023, the last full-fledged Budget of the Modi ...

Budget 2023: Pulse of the economy captured, says FICCI president

New Delhi [India], February 2 (ANI): Subhrakant Panda, president of industry body FICCI, has said the Budget announcements made on ...

US Federal Reserve OKs Small Interest Rate Hike, Expects More Jumps

WASHINGTON - The Federal Reserve raised its target interest rate by a quarter of a percentage point on Wednesday, yet ...

"Taxes increased, money not being spent on welfare schemes..." Mehbooba Mufti on Budget 2023

Srinagar (Jammu and Kashmir) [India], February 1 (ANI): The Union Budget is not people-friendly as it has been prepared keeping ...

Union Budget 2023-24: Health sector sees hike of around 3 percent, experts react

By Shalini BhardwajNew Delhi [India], February 1 (ANI): The health sector has been allocated Rs 89,155 crore in the Union ...

Union Budget 2023 will benefit common citizens, create demand in market: UP Finance Minister

Lucknow (Uttar Pradesh) [India], February 1 (ANI): Uttar Pradesh Finance Minister Suresh Khanna welcomed the Union Budget, saying that it ...

Expectations Low on Debt Ceiling Deal in Biden-McCarthy Meeting

Washington - President Joe Biden is meeting with Speaker Kevin McCarthy at the White House on Wednesday afternoon, the first ...

Budget 2023: Indian economy backed by strong fundamentals; check datapoints

New Delhi [India], February 1 (ANI): There are ample indicators to support the statement that the Indian economy is backed ...

Union Budget 2023 is a roadmap for stability, growth, says US-India Strategic Partnership Forum

Washington [US], February 1 (ANI): Reacting to India's Union Budget 2023-2024, the Chief Executive Officer (CEO) and President of the ...

Disneyland for investors is over, Nassim Taleb warns

Famed author and former trader says the market is not ready for high interest ratesFormer banker Nassim Taleb, best known ...

UK publisher refuses royalties to Russian photographer

Arseniy Kotov's stance on the Ukraine conflict ?caused harm? to the brand, it was claimedA British publisher has allegedly refused ...

Putin sets mission for Russian military

The president said he wanted to ?eliminate the possibility? of Ukraine bombing the country's border regionsUkraine should not have the ...

Cambodia Seeks More Loans From Beijing Amid Fears of 'Debt Trap'

Phnom Penh - Cambodian Prime Minister Hun Sen is expected to visit Beijing next week looking to borrow more than ...

US, India to expand cooperation on advanced weaponry, supercomputing, semiconductors to counter China

Washington [US], February 1 (ANI): United States and Indian officials on Tuesday agreed to expand cooperation on advanced weaponry, supercomputing, ...

Budget 2023: Goods that will become cheaper and costlier; here's the list

New Delhi [India], February 1 (ANI): As the Union Budget for the financial year was presented, goods like camera lenses ...

Budget 2023: Urban unemployment in India at four-year low

New Delhi [India], February 1 (ANI): Urban unemployment rate in India has fallen to a four-year low, Budget document for ...

Budget 2023: Jan Vishwas Bill to further trust-based governance, says FM Sitharaman

New Delhi [India], February 1 (ANI): Presenting the Union Budget 2023, Finance Minister Nirmala Sitharaman on Wednesday told Lok Sabha ...

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Another Biden household searched for classified documents

WASHINGTON, DC - FBI agents on Wednesday searched for classified documents at U.S. President Joe Biden's vacation retreat in the ...

Musk, Tesla officials meet with White House to discuss EVs

WASHINGTON D.C.: The White House said this week that Tesla Chief Executive Elon Musk met with John Podesta, a Democratic ...

To boost tourist spending, Philippines to refund VAT starting in 2024

MANILA, Philippines: In an effort to attract more tourists, President Ferdinand Marcos has approved a value-added tax refund program for ...

Italy's Meloni in Libya, signs $8 billion gas deal

TRIPOLI, Libya: Italian prime minister Giorgia Meloni held talks on energy and migration in Libya this weekend, which are major ...

US south sees 1.3 million new residents in 2022

MIAMI, Florida: This decade, the US south is expected to see more new residents than any other region in the ...

Surge in air travel demand continues, may lessen, says observers

NEW YORK CITY, New York: After reporting record revenues in the fourth-quarter of 2022, US airlines expect strong travel demand ...

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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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