Tue, 28 Jun 2022

British consumers shop less as inflation reaches record highs

LONDON, England: As prices in stores throughout Britain rise, British consumers shopped less in May and also expressed less confidence ...

As first in US, driverless taxis picking up customers in San Francisco

SAN FRANCISCO, California: General Motors' self-driving Cruise division has begun charging fares for driverless rides in San Francisco.Earlier this month, ...

Wall Street wobbles, all major indices slide, Dow drops 62 points

NEW YORK, New York - The euphoria on Wall Street of late last week was absent on Monday as all ...

May sees 10.7% surge in US home sales

WASHINGTON D.C.: In May, sales of new U.S. single-family homes unexpectedly increased, but this is expected to be temporary, as ...

Pay dispute forces British Airways' staff to OK strike vote

LONDON, England: British Airways' staff at London's Heathrow airport has voted to strike due to pay disputes. Amidst an already ...

Stocks in Asia on the rise, Nikkei 225 jumps 379 points

SYDNEY, NSW, Australia - Stocks across Asia rose on Monday, in a positive start to the week.The U.S. dollar was ...

Toyota reduces July global production goal by 50,000 vehicles

TOKYO, Japan: Amidst semiconductor shortages and COVID-19 parts supply disruptions, Toyota has reduced its July global production target by 50,000 ...

One-third of car sales might be electric by 2028, says analysts

NEW YORK CITY, New York: Electric vehicle (EV) sales could reach 33 percent globally by 2028, and 54 percent by ...

G-7 meeting to hear bids to stop biofuel to reduce food prices

BERLIN, Germany: To prevent large increases in food prices, officials from G7 countries, including Germany and the UK, will push ...

Announcement expected this week to ban Juul e-cigarettes in US

WASHINGTON D.C.: The U.S. Food and Drug Administration (FDA) is preparing to order Juul Labs to stop selling its e-cigarettes ...

As US average home price reaches $400,000, sales fall

WASHINGTON D.C.: As average home prices surged to a record high, reaching the $400,000 mark for the first time, and ...

Russian rouble stronger, consumer prices falling

MOSCOW, Russia: Russia's consumer price index has fallen by 0.12 percent for the third consecutive week.This drop in the consumer ...

US businesses raise possible US-Taiwan free trade agreement

TAIPEI, Taiwan: The American Chamber of Commerce in Taiwan has recommended that the United States "urgently" initiate talks with Taiwan ...

Wall Street rallies hard, Nasdag gains more than three percent

NEW YORK, New York - Stocks on Wall Street and around the globe rallied hard on Friday pushing the major ...

Detroit automakers tell workers mask wearing now optional

DETROIT, Michigan: Detroit's three big automakers - General Motors, Ford and Chrysler parent Stellantis NV - have announced that wearing ...

Chinese developer says will accept wheat as payment for new house

HONG KONG: To cope with the weakening property market, developers in China are coming up with innovative ways to attract ...

Positive end to week for Asian stocks, Nikkei 225 advances 321 points

SYDNEY, NSW, Australia - Stocks in Asia made solid gains on Friday in a positive end to the week.In Japan, ...

China keeps up with demand for power during ongoing heat wave

BEIJING, China: Amidst warmer-than-normal weather, power consumption surged in the Chinese provinces north of the Yangtze river, with regions such ...

UK government pledges action after inflation rises 9.1% in May

LONDON, England: Surging food prices in the UK pushed consumer price inflation to 9.1 percent last month, a 40-year record ...

Cathay Pacific adds planes to Hong Kong, seeks to reopen after Covid

HONG KONG: Impacted by strict quarantine rules that caused a 98 percent drop in passengers, executives from Hong Kong carrier ...

Nasdaq Composite jumps 174 points in broad Wall Street rally

NEW YORK, New York - A softening of bond yields Thursday helped to underpin U.S. stock prices."What we're seeing here ...

Report: UK property prices rise slowest since January

LONDON, England: Prices for British homes this month rose at the slowest rate since January, as the cost of living ...

Two years to reduce inflation to 2 percent, predicts Fed's Mester

CLEVELAND, Ohio: It will take two years for U.S. inflation to fall to the central bank's 2 percent target, Cleveland ...

China-linked financial frauds and money laundering in India

Beijing [China], June 28 (ANI): India has recently witnessed a wave of financial frauds through instant microloan lending applications and ...

Indian currency rupee touches fresh low against US dollar

New Delhi [India], June 28 (ANI): Indian currency rupee on Tuesday hit a fresh all-time low of 78.59 per US ...

Oscar-nominated French actor Isabelle Adjani under investigation for alleged fraud

Washington [US], June 28 (ANI): Oscar-nominated French actress Isabelle Adjani, best known for 'Camille Claudel' and 'The Story of Adele ...

Hong Kong Palace Museum -- a new cultural landmark of Hong Kong

© Provided by Xinhua HONG KONG, June 28 (Xinhua) -- The Hong Kong Palace Museum (HKPM), located in the West ...

UN asks for USD 110mn in emergency aid in wake of Afghanistan earthquake

New York [US], June 27 (ANI): The United Nations has launched an emergency appeal following last week's earthquake in Afghanistan, ...

G-7 Aims to Raise $600 Billion to Counter China's Belt and Road

Schloss Elmau, Germany - Group of Seven leaders Sunday pledged to raise $600 billion in private and public funds over ...

Americans cut spending as three quarters have negative views on economy

© Provided by Xinhua - The proportion of Americans who view the current condition of the national economy as fairly ...

Moody's changes Tata Steel's outlook to positive from stable

New Delhi [India], June 28 (ANI) Global financial services and rating firm Moody's Investors Service has changed the outlook on ...

Tragic quake in south-east Afghanistan kills 155 children: UN Report

Kabul [Afghanistan], June 28 (ANI): At least 155 children have died after a tragic earthquake hit south-east Afghanistan last week, ...

RBI imposes Rs 10 lakh penalty on The Tiruchengode Co-operative Urban Bank

New Delhi [India], June 28 (ANI): The Reserve Bank of India (RBI) has imposed a penalty of Rs 10 lakh ...

Daniel Berger withdraws from John Deere Classic

Daniel Berger withdrew from this week's John Deere Classic on Monday, citing an unspecified injury. He announced his withdrawal on ...

China's Belt and Road Initiative in stark contrast with India, Central Asia's vision for Chabahar Port

Tehran [Iran], June 28 (ANI): Endorsing the need to enhance connectivity, India along with the Central Asian countries have worked ...

Chemical giant's plant may close due to gas shortage - WSJ

Germany's BASF may shut down its biggest facility due to reduced Russian gas supply, the newspaper reportsGerman chemicals major BASF ...

Pakistan irked over BRICS meeting snub, says one member 'blocked participation'

Islamabad [Pakistan], June 27 (ANI): Pakistan has expressed its regret about not getting invited to the High-Level Dialogue on Global ...

The Bolsheviks to Putin: A History of Russian Defaults

LONDON - In 1918, Soviet revolutionary Leon Trotsky told Western creditors aghast at the Bolsheviks' repudiation of Russia's external debt: ...

G-7 Heightening Russia Sanctions for Ukraine War

The United States announced Monday new sanctions it and other G-7 countries are enacting against Russia in response to its ...

Cutting crossbench MPs' staffing would be a setback for democracy

My experience as an adviser to Peter Andren - perhaps the first of the modern-day wave of non-party MPs to ...

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Asian stock markets gain on Chinese government move

SYDNEY, NSW, Australia - Stocks in Asia rose on Tuesday after China announced it would halve quarantine from 14 days ...

British consumers shop less as inflation reaches record highs

LONDON, England: As prices in stores throughout Britain rise, British consumers shopped less in May and also expressed less confidence ...

As first in US, driverless taxis picking up customers in San Francisco

SAN FRANCISCO, California: General Motors' self-driving Cruise division has begun charging fares for driverless rides in San Francisco.Earlier this month, ...

Wall Street wobbles, all major indices slide, Dow drops 62 points

NEW YORK, New York - The euphoria on Wall Street of late last week was absent on Monday as all ...

May sees 10.7% surge in US home sales

WASHINGTON D.C.: In May, sales of new U.S. single-family homes unexpectedly increased, but this is expected to be temporary, as ...

Pay dispute forces British Airways' staff to OK strike vote

LONDON, England: British Airways' staff at London's Heathrow airport has voted to strike due to pay disputes. Amidst an already ...

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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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