Sat, 28 May 2022

Nasdaq Composite leads U.S. stocks in rally, index adds more than 3%

NEW YORK, New York - U.S. stocks raced ahead on Friday, with technology shares leading the way on signs inflation ...

Hyundai recalls vehicles in US, Canada to replace seat belt part

WASHINGTON D.C.: Due to seat-belt mechanisms that could explode and shoot out metal fragments in the event of a crash, ...

Starbucks announces closure of all outlets in Russia

SEATTLE, Washington: Following the decision of McDonald's, Seattle-based Starbucks said this week that it will exit the Russian market after ...

Asian stock markets join global rally, Japan's Nikkei 225 gains 177 points

SYDNEY, NSW, Australia - Stocks in Asia were stronger across the board on Friday, following a two-day surge on Wall ...

Turkish lira falls to 15.65 against U.S. dollar

ANKARA, Turkey: The Turkish lira dropped 1 percent in value for an eighth consecutive session to beyond 15.65 against the ...

Tesla says will assemble 2,600 cars per day in Shanghai

SHANGHAI, China: Tesla plans to restore production at its Gigafactory 3 plant in Shanghai to pre-COVID-19 lockdown levels by this ...

U.S. stock markets move further ahead, S&P 500 gains nearly two percent

NEW YORK, New York - U.S. stocks rose sharply for a second day Thursday, following a less hawkish outlook by ...

Average age of cars on US roads rises to 12.2 years

DETROIT, Michigan: As supplies of new cars and light trucks remain tight due to supply chain issues, U.S. consumers are ...

Online class business sees 26% jump in business

NEW YORK CITY, New York: The market for global online tutoring services is expected to grow from $21 million in ...

Stocks in Asia finish mainly lower despite overnight surge on Wall Street

SYDNEY, NSW, Australia - Shares across Asia fell on Thursday, with the exception of the Chinese mainland market where modest ...

Closed since start of Covid, Chile to reopen Easter Island to tourists

SANTIAGO, Chile: Easter Island, one of Chile's most important tourist attractions, will reopen to visitors on August 1, the government ...

In bid to lower cost of steel, India imposes 50% tax on ore exports

NEW DEHLI, India: In a move expected to end the country's exports of the raw materials needed to manufacture steel, ...

Federal Reserve minutes spark late buying surge for U.S. stocks

NEW YORK, New York - The release of the minutes of the Federal Reserve's monetary meeting earlier this month surprisingly ...

US seeks stronger high tech ties to Taiwan

WASHINGTON D.C.: A leading U.S. official has said that even if Taiwan is excluded from President Joe Biden's Asian economic ...

Finland seeks new suppliers as Russia stops deliveries of natural gas

MOSCOW, Russia: In the latest escalation of an energy payment dispute with Western nations, Russia's Gazprom has halted gas exports ...

Stocks in Asia trade sideways, Australian All Ordinaries adds 18 points

SYDNEY, NSW, Australia - It was a lukewarm day for stocks across Asia Wednesday with little movement in either direction.In ...

Apple reported to move manufacturing from China

NEW YORK CITY, New York: The Wall Street Journal has reported that Apple has told some of its contract manufacturers ...

Deere manufacturing slows due to supply problems, shares fall

MOLINE, Illinois: After missing Wall Street revenue targets, Deere and Co. said it was having difficulty securing parts for its ...

U.S. stocks close mixed, Nasdaq slides 271 points

NEW YORK, New York - U.S. stocks, bonds, and the dollar fell heavily on Tuesday as economic data revealed a ...

Vietnam fires head of stock exchange over corruption

HANOI, Vietnam: Vietnam's government announced that it has removed Le Hai Tra, general director of the Ho Chi Minh Stock ...

Major US tech firms slow hiring, reduce staffs due to market slowdown

NEW YORK CITY, New York: Tech firms have slowed or frozen hiring, and even accelerated layoffs, in response to the ...

McDonald's operator buys all 850 Russian branches as company departs

MOSCOW, Russia: McDonald's has announced that it will sell all its branches in Russia to one of its local licensees, ...

Asian stocks take a tumble as euro reaches for the stars

SYDNEY, NSW, Australia - The euro has jumped above 1.0700 in Asian trading Tuesday, but stocks have fallen sharply.The run ...

Netflix to pay Italy $59 million in back taxes

MILAN, Italy: Netflix and Italy have agreed to a $59 million settlement to to settle a four-year tax dispute, Milan ...

UK retail sales reported high amidst record inflation

LONDON, England: British consumers continued to shop as normal last month, despite the highest inflation rate in 40 years, with ...

Wall Street rockets higher, Dow Jones gains nearly two percent

NEW YORK, New York - U.S. stocks rocketed higher Monday, a rally ignited by a weakening of the U.S. dollar ...

Michigan baby formula plant to reopen in face of ongoing shortages

WASHINGTON D.C.: Following baby formula shortages throughout the United States, FDA Commissioner Robert Califf has said that Abbott Laboratories and ...

Indian private space launch company Skyroot sees first launch in 2023

NEW DELHI, India: Skyroot, India's first privately held company to design, build and test a solid rocket propulsion system, successfully ...

Greenback under pressure in Asia, stocks close mostly higher

SYDNEY, NSW, Australia - Stocks in Asia were mostly moderately higher at the close Monday, while the U.S. dollar was ...

Chinese voice criticism of $1,373 Gucci umbrella that cannot get wet

BEIJING, China: Chinese consumers have been vocal in their criticism of a $1,373 Gucci umbrella which should be kept out ...

Piyush Goyal in roundtable with UK investors pitches for 'Make in India for World'

London [UK], May 28 (ANI): Union Minister for Commerce and Industry, Piyush Goyal, who is on a visit to the ...

RBI to adopt graded approach to introduce digital currency

New Delhi [India], May 28 (ANI): The Reserve Bank of India (RBI) on Friday said that it is proposing to ...

Venezuelan president slams US for excluding countries from Americas Summit

Caracas [Venezuela], May 28 (ANI/Xinhua): Venezuelan President Nicolas Maduro on Friday condemned the United States for excluding Cuba, Nicaragua and ...

World's richest man praises recession as good thing

Elon Musk has complained about too many ?fools? getting richElon Musk, the world's richest man, has tweeted in praise of ...

Pakistan's economic condition continues to deteriorate due to 'deep debt'

Islamabad [Pakistan], May 27 (ANI): Pakistan is one of the fifty-two countries facing a severe debt crisis and the repayment ...

Oil India records highest ever profit in 2021-22 due to high fuel, gas prices

New Delhi [India], May 27 (ANI): Oil India Limited (OIL) has posted a net profit of Rs 3,887.31 crore for ...

Emerging connectivity with ASEAN nations to play defining role in enhancing shared prosperity: Assam CM

Guwahati (Assam) [India], May 27 (ANI): Assam Chief Minister Himanta Biswa Sarma on Friday said that the centre under the ...

Addressing supply-side bottlenecks, capital spending key to improve GDP growth: RBI

Mumbai (Maharashtra) [India], May 27 (ANI): India's economic growth recovery has lost some momentum due to the Russia-Ukraine conflict and ...

China's economic development an "example for the world": Pakistani FM

© Provided by Xinhua Pakistan's new foreign minister Bilawal Bhutto Zardari praised China's economic development in the last ten years ...

EU urges citizens to inform on sanctions violators

The ?whistleblower tool? was created for people to report on violators of the restrictions on Russia and BelarusThe European Commission ...

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Asia Pacific

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New Japan lithium-air battery promises power for airplanes

TOKYO, Japan: A new high-density electric battery developed in Japan has the potential to power electric airplanes, according to industry ...

Hong Kong Catholic cardinal urges end to deal with China and Vatican

HONG KONG: In his first public remarks since he was arrested under Hong Kong's National Security Law earlier this month, ...

Nepal reiterates its firm support for One-China policy

BEIJING, China - Amid a flurry of U.S. arrivals and a senior official's recent meetings with Tibetan refugee leaders in ...

Tesla says will assemble 2,600 cars per day in Shanghai

SHANGHAI, China: Tesla plans to restore production at its Gigafactory 3 plant in Shanghai to pre-COVID-19 lockdown levels by this ...

In Tokyo, Biden supports Japan seeking seat on Security Council

TOKYO, Japan: U.S. President Joe Biden said this week that he supports calls for Japan to become a permanent member ...

Indonesia criticizes UK raising rainbow flag at embassy

JAKARTA, Indonesia: Indonesia, this week, summoned the UK's ambassador to explain the raising of a gay rights flag at the ...

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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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