Fri, 24 Mar 2023

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 ...

After winning Apple contract, Foxconn to build factory in India

TAIPEI, Taiwan: Reuters reported that after winning an order to manufacture wireless AirPods earphones for Apple for the first time, ...

Blocking China's chip industry will raise costs, warns founder of TSMC

TAIPEI, Taiwan: The founder of chip manufacturer TSMC, Morris Chang, said that he supports the efforts of the US to ...

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 ...

US Fed Raises Key Rate by Quarter-Point Despite Bank Turmoil

WASHINGTON - The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by ...

Most NATO states not paying enough Stoltenberg

Members ?need to deliver more in a more dangerous world,? the secretary general of the US-led military bloc saysNATO Secretary ...

IMF-Ranil deal may strengthen pro-China forces in Sri Lanka: Report

Colombo [Sri Lanka], March 22 (ANI): After the International Monetary Fund (IMF) approved a 48-month extended arrangement under the Extended ...

China makes solid progress in water resources protection

© Provided by Xinhua BEIJING, March 22 (Xinhua) -- Every year, millions of birds stop to rest at the estuary ...

Scotland: 25 people injured after ship tips over at Edinburgh dockyard

Edinburgh [Scotland], March 22 (ANI): More than two dozen people were injured on Wednesday after a ship containing passengers partially ...

Rakesh Jhunjhunwala receives Padma Shri posthumously; Kumar Mangalam Birla receives Padma Bhushan

New Delhi [India], March 22 (ANI): Late billionaire investor Rakesh Jhunjhunwala's wife, Rekha, on Wednesday received the Padma Shri from ...

Committed to investment plans submitted to government: Adani Airports CEO

By Ashoke RajNew Delhi [India], March 22 (ANI): Amid challenges faced by the Adani Group and political heat over "regulatory ...

Another 50 US banks could fail ex-Lehman VP

The former senior executive says the Fed must cut rates and guarantee deposits held by regional lendersThe banking crisis could ...

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Africa

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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 ...

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 ...

Will Uganda's Anti-Gay Bill Resonate Across Africa

WASHINGTON - Human rights activists say Uganda's passage of an anti-homosexuality bill could be the impetus for similar far-reaching legislation ...

Kenyan Economists Say Newly-Arrived Ukrainian Wheat Could Ease Hunger

Nairobi, Kenya - Kenyan economists say newly-arrived wheat imports from Ukraine could help ease hunger in drought-stricken areas and bring ...

Cyclone Freddy Increases Health Risks in Southern African Countries

geneva - The World Health Organization warns that Cyclone Freddy, which left a trail of death and destruction across southern ...

Navies of India, Mozambique conduct joint surveillance of Exclusive Economic Zone

Maputo [Mozambique], March 23 (ANI): The navies of India and Mozambique conducted joint Exclusive Economic Zone (EEZ) surveillance off the ...

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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