Wed, 08 Feb 2023

Media reports US to sue Amazon claiming antitrust violations

NEW YORK CITY, New York: The Wall Street Journal reported this week that the US Federal Trade Commission is preparing ...

Blaming cost of manufacturing, Nestle to raise prices for second year

VEVEY, Switzerland: In an interview with Frankfurter Allgemeine Zeitung this week, Nestle's Chief Executive Mark Schneider said the world's largest ...

Fed fails to cool economy as US sees 517,000 jobs created in January

WASHINGTON D.C.: Despite the efforts of the Federal Reserve Bank to cool the job market to help curb record-high inflation, ...

Nasdaq Composite loses one percent as Treasury yields bit

NEW YORK, New York - A sharp rise in U.S. Treasury yields kept buyers at bay on Wall Street on ...

102,000 job firings in US high tech in December, according to report

WASHINGTON D.C.: A report released this week detailed how, in January, layoffs in the US reached a more than two-year ...

Settlement reached in long-running Airbus, Qatar Air legal dispute

PARIS, France: Following an 18 month controversy that exposed the workings of the global jet market, Airbus and Qatar Airways ...

At US urging, Japan to stop exporting chip technology to China

TOKYO, Japan: Japan is preparing to revise legislation to allow it to restrict the export of advanced semiconductor manufacturing equipment ...

Shell Oil reveals record $40 billion profit in 2022

LONDON, England: Energy giant Shell Oil has announced a record profit of nearly $40 billion in 2022, capping an eventful ...

Hydrogen takes steps to develop hydrogen fuel cells for cars, trucks

TOKYO, Japan: Honda has announced that it will manufacture a new hydrogen fuel cell system, which was jointly developed with ...

As prices of EVs fall, manufacturer Rivian to reduce workforce by 6%

IRVINE, California: In an effort to cut costs in preparation for an industry-wide price war, electric vehicle manufacturer Rivian Automotive, ...

Seeking to stem losses, Intel to cut executive salaries

SANTA CLARA, California: One week after Intel forecasted lower-than-expected sales caused by a loss of market share to rivals and ...

Biden plan seeks to cut credit card fees, charges for apps

WASHINGTON D.C.: As part of a wider policy drive to increase competition in consumer markets, President Joe Biden has announced ...

As stocks and bonds suffer, Norway wealth fund sees record losses

OSLO, Norway: Ending a three-year run of profits as stock and bond prices were hit by rising inflation and Russia's ...

Historic unemployment low fails to deter profit-takers, Nasdaq sheds 194 points

NEW YORK, New York - Strong economic data failed to stem profit-taking on the major U.S. bourses on Friday, while ...

US concerned over rights at Mexico auto factory, seeks corrections

WASHINGTON D.C.: The US has again asked Mexico to investigate claims that workers at an auto parts facility of American ...

US Justice Dept. investigating Tesla claims on self-driving autos

WASHINGTON D.C.: Tesla confirmed this week that the US Justice Department has requested documents related to its Full Self-Driving and ...

RBI proposes UPI payments facility for inbound travellers

Mumbai (Maharashtra) [India], February 8 (ANI): Taking into account the popularity of the UPI payment system, the Reserve Bank of ...

RBI projects India's 2023-24 retail inflation at 5.3 per cent

Mumbai (Maharashtra) [India], February 8 (ANI): Average retail inflation in India is projected to be at 5.3 during the next ...

RBI proposes to launch pilot project for QR code-based coin vending machine in 12 cities

Mumbai (Maharashtra) [India], February 8 (ANI): The Reserve Bank of India's Governor Shaktikanta Das said on Wednesday that the central ...

RBI projects India's GDP growth at 6.4 per cent for 2023-24

Mumbai (Maharashtra) [India], February 8 (ANI): The Reserve Bank of India (RBI) has projected India's real GDP growth to be ...

China's oil demand predicted to soar

The world's second-largest crude consumer has been rapidly recovering from the pandemic restrictionsGlobal oil producers may have to reconsider their ...

Paytm strengthens offline payments with 6.1 mn devices, monthly transacting users hit 89 mn in Jan

Noida (Uttar Pradesh) [India], February 8 (ANI): India's leading payments and financial services Paytm has announced its business operating performance ...

RBI MPC raises repo rate by 25 bps to 6.5 pc

Mumbai (Maharashtra) [India], February 8 (ANI): The Monetary Policy Committee (MPC) of the Reserve Bank of India decided to raise ...

Markets open with gains as investors expect RBI MPC meeting outcome

Mumbai (Maharashtra) [India], February 8 (ANI): Domestic markets opened with gains on Wednesday morning as investors expected a good outcome ...

Zoom to lay off around 1,300 employees, CEO Eric Yuan taking 98 per cent pay cut

California [United States], February 8 (ANI): Zoom on Tuesday announced that it will lay off about 1,300 employees, or approximately ...

Nigerians Vote Soon to Choose Next President, Lawmakers

washington - Nigerians will vote on February 25 to choose their next president along with lawmakers in the House and ...

ONGC in talks with global energy giants for deepwater exploration technologies

Bengaluru (Karnataka) [India], February 8 (ANI): Oil and Natural Gas Corporation Limited (ONGC) is in talks with global oil majors ...

"21st century belongs to Asia": Hardeep Singh Puri says asian economies bounced back fastest post pandemic

Bengaluru (Karnataka) [India], February 8 (ANI): The 21st Century belongs to Asia, and this is being vindicated in the post-pandemic ...

U.S. natural gas production in 2023 forecast to hit record high

© Provided by Xinhua The Henry Hub natural gas spot price will average 3.40 U.S. dollars per million British thermal ...

Microsoft bakes ChatGPT-Like Tech into Search Engine Bing

redmond, washington - Microsoft is fusing ChatGPT-like technology into its search engine Bing, transforming an internet service that now trails ...

Chinese factory faces massive protests over workers' mistreatment

Zhengzhou [China], February 7 (ANI): The Foxconn factory based in Zhengzhou province, known as the I-Phone city, has been facing ...

Jaishankar, UK Foreign Secretary discuss agenda of India's G20 Presidency

New Delhi [India], February 7 (ANI): External Affairs Minister S Jaishankar received a call from United Kingdom Foreign Secretary James ...

Russia has lost confidence in US dollar finance minister

The greenback has become unreliable, Anton Siluanov has saidRussia no longer has trust in the US currency because it has ...

Google Hopes 'Bard' Will Outsmart ChatGPT, Microsoft in AI

Google is girding for a battle of wits in the field of artificial intelligence with 'Bard,' a conversational service aimed ...

China already locomotive of world economy: Croatian expert

© Provided by Xinhua According to IMF's latest projection, China's economy is set to rebound this year, as mobility and ...

India stands committed to reducing emissions intensity of GDP by 45 pc by 2030: Bhupender Yadav

New Delhi [India], February 7 (ANI): Union Minister of Environment, Forest and Climate Change Bhupender Yadav today addressed the Ministerial ...

ED seizes Rs 859.15 crore proceeds of crime under PMLA in illegal loan app cases: MoS Finance in Rajya Sabha

New Delhi [India], February 7 (ANI): The Enforcement Directorate has attached proceeds of crime worth Rs 859.15 crore under the ...

Energy security for India paramount, but not at cost of climate change goals: Petroleum Minister

Bengaluru (Karnataka) [India], February 7 (ANI): Energy security for India is paramount though it has by no means diluted the ...

Russia has lost confidence in US dollar official

The greenback has become an unreliable unit of account, says Finance Minister Anton SiluanovRussia no longer has trust in the ...

China's forex reserves rise in January

© Provided by Xinhua BEIJING, Feb. 7 (Xinhua) -- China's foreign exchange reserves rose to 3.1845 trillion U.S. dollars at ...

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Mongolia could be target of future Papal visit

ROME, Italy: Pope Francis has told reporters that he hoped to travel to Mongolia in September despite his knee ailment, ...

Pakistanis term Wikipedia blockage an embarrassment to country's image

ISLAMABAD, Pakistan Pakistan has banned Wikipedia after threatening the crowd-sourced online encyclopedia with "sacrilegious content," according to the Wikimedia Foundation.The ...

Monkeys stolen from Dallas Zoo found in abandoned home

DALLAS, Texas: The Dallas Police have announced that two emperor tamarin monkeys that disappeared earlier this week from the Dallas ...

Ireland navy falls to four ships, reels from staff shortages

DUBLIN, Ireland: The Irish Navy has reported that it canceled 12 of 26 patrols scheduled for January, primarily due to ...

At US urging, Japan to stop exporting chip technology to China

TOKYO, Japan: Japan is preparing to revise legislation to allow it to restrict the export of advanced semiconductor manufacturing equipment ...

Hydrogen takes steps to develop hydrogen fuel cells for cars, trucks

TOKYO, Japan: Honda has announced that it will manufacture a new hydrogen fuel cell system, which was jointly developed with ...

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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