Sun, 22 May 2022

German Allianz pays $6 billion in fraud case, officials plead guilty

WASHINGTON D.C.: After its U.S. asset management unit pleaded guilty to criminal securities fraud after the collapse of a group ...

Court rules unconstitutional California law requiring women on boards

SACRAMENTO, California: In another blow to the state's push to diversify corporate leadership, a California court judge has ruled that ...

Nepal confirms African swine fever outbreak

KATHMANDU, Nepal - According to the World Organization for Animal Health (OIE), Nepal has reported its first cases of African ...

U.S. stocks turmoil evaporates in final hour of trading, major indices unscathed

NEW YORK, New York - U.S. stock markets reversed sharp losses in late trading to eke out minor gains in ...

April sees rise in US auto sales, restaurant spending

WASHINGTON D.C.: U.S. retail sales rose strongly in April, as consumers bought more motor vehicles and spent more at restaurants, ...

As salaries rise 7%, UK unemployment falls to historic low

LONDON, England: The UK's jobless rate fell to a 48-year low in the first three months of 2022, it was ...

Asian stock markets on rise after China's central bank move

SYDNEY, NSW, Australia - A reduction of the official lending criteria in China has boosted stocks on the mainland, and ...

Turkish lira falls another 2%, at lowest since December

ISTANBUL, Turkey: As state lenders reduced the amount of dollar sales to prop up the currency for the ninth consecutive ...

US trader faces 20 years in prison over cryptocurrency scam

NEW YORK CITY, New York: Federal officials have announced that Eddy Alexandre, CEO of Valley Stream trading, is facing charges ...

U.S. stocks see-saw as dollar takes a dive

NEW YORK, New York - U.S. stocks again see-sawed on Thursday while the U.S. dollar rally took a well-deserved break."The ...

Falling sales causes Forbes to drop Samsung on list of tech companies

SEOUL, South Korea: Korean tech giant Samsung Electronics fell two places in Forbes' rankings of the World's Largest Tech Companies ...

Face masks return for workers at some Michigan auto factories

Detroit, Michigan: General Motors, Ford and Chrysler parent Stellantis NV said they are reinstating the face mask mandate for employees ...

South Korea president pledges aid to North in treating Covid outbreak

SEOUL, South Korea: As North Korea grapples with a severe COVID-19 outbreak, South Korean President Yoon Suk-yeol has said that ...

Asian stocks mostly plummet, as sellers take charge

SYDNEY, NSW, Australia - Stocks in Asia mostly sank on Thursday, following on from a rout on Wall Street overnight."There ...

REE Automotive to build commercial EV chassis plant in UK

LONDON, England: Israeli startup REE Automotive has announced that it will build an assembly plant for electric vehicles (EVs) in ...

China prepares to deliver its version or Boeing, Airbus aircraft

BEIJING, China: The Commercial Aircraft Corp of China (Comac) completed a three-hour pre-delivery test flight of China's C919 aircraft at ...

U.S. stocks shatter, Dow Jones industrials drop more than 1,000 points

NEW YORK, New York - Soaring prices have taken their toll on U.S. retailer Target which reported first-quarter profit had ...

Working together, Spain, Portugal set plan to control gas prices

MADRID, Spain: In a coordinated move last week, Spain and Portugal approved a temporary cap on natural gas prices.The move ...

Emirates lost $1 billion, says that's an 80 percent improvement

DUBAI, United Arab Emirates: Emirates Air, one of the world's largest airlines, said it lost $1.1 billion over the past ...

Bargain-hunting drives Wall Street higher, Nasdaq climbs 322 points

NEW YORK, New York - Bargain-hunters drove up the prices of stocks on U.S. markets on Tuesday."Our inputs today support ...

Indian ban on wheat exports expected to hike prices worldwide

NEW DELHI, India: India has banned the exporting of wheat, despite stating it was targeting record international shipments this year, ...

High import taxes prevent Tesla from selling cars in India

NEW DELHI, India: Tesla made known this week that it will not sell electric automobiles in India due to the ...

Vijay Shekhar Sharma reappointed as MD CEO of Paytm till Dec 2027

New Delhi [India], May 22 (ANI): One 97 Communications, which operates under Paytm brand, has reappointed its founder Vijay Shekhar ...

Infosys reappoints Salil Parekh as CEO MD for next 5 years

Bengaluru (Karnataka) [India], May 22 (ANI): Infosys Limited, India's second-largest IT services company, on Sunday said it has reappointed Salil ...

Hanging with puppy friends in Cairo's new "dog cafe"

© Provided by Xinhua The newly-opened dog cafe is believed to be the first specialized one in Cairo, where there ...

Biden Highlights Hyundai Announcement of $10B US Investment

SEOUL, SOUTH KOREA - President Joe Biden tended to both business and security interests Sunday as he wraps up a ...

Looking beyond China, Apple plans ramping up production in India, Southeast Asia: Report

Washington [US], May 22 (ANI): Battered by Beijing's strict anti-COVID measures, Apple Inc has told some of its contract manufacturers ...

China in talks with Russia to buy oil for strategic reserves: Report

Beijing [China], May 22 (ANI): China is seeking to refill its strategic crude stock pipes with discounted Russian oil, a ...

US economic growth to outrun China for 1st time in decades media

Beijing's economy is lagging behind due to lingering Covid-19 outbreaksUS economic growth is set to outpace China this year for ...

KTR meets Indian diaspora in UK, encourages investment in Telangana

London [UK], May 21 (ANI): Telangana Minister KT Rama Rao on Saturday addressed the Indian Diaspora at a "Meet and ...

Adoptions Another Facet of Life Halted by War in Ukraine

LEEDS, Maine - The ripple effects of Russia's invasion of Ukraine have been devastating for families of all kinds - ...

PM Modi expected to meet new Australian PM at QUAD Summit in Tokyo

New Delhi [India], May 21 (ANI): At the upcoming Quad Summit in Japan on May 24, Prime Minister Narendra Modi ...

Germany, Italy agree to pay for Russian gas in rubles media

Authorities have told gas wholesalers they can open the necessary ruble accounts in Russia's GazprombankGermany and Italy have allowed national ...

High import tariffs lead to baby formula shortage in US: report

New York [US], May 21 (ANI/Xinhua): With only four major manufacturers of formula in the United States today-Mead Johnson, Abbott, ...

CBI conducts raids in multiple cities in connection with NSE co-location scam case

New Delhi [India], May 21 (ANI): The Central Bureau of Investigation (CBI) on Saturday conducted searches against brokers at more ...

North Korea, China Loom Large in Biden's Visit in Seoul

SEOUL, SOUTH KOREA - U.S. President Joe Biden is in Seoul, South Korea, the first leg of his six-day trip ...

Man booked for taking pet dog inside Kedarnath shrine

Dehradun (Uttarakhand) [India], May 21 (ANI): A First Information Report (FIR) has been filed against an unknown person in connection ...

Pakistan: CPEC security apparatus both cause, reaction to extremism, says research group

Islamabad [Pakistan], May 21 (ANI): China and Pakistan -- often touted as the 'Iron Brothers' -- have enjoyed cordial relations ...

Passion Vista celebrates Hayley Bohan's success on International Women's Day

New Delhi [India], May 21 (ANI/ATK): Unified Brainz celebrated the success of women leading by example with glitz, glamourglory on ...

Ukraine gets 600-million-euro financial aid from EU

Kyiv [Ukraine], May 21 (ANI/Xinhua): Ukraine has received the second tranche of 600 million euros (634 million U.S. dollars) of ...

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Strain of Ukraine war causes Russian defense spending to increase 40%

MOSCOW, Russia: According to preliminary data released by the finance ministry this week, almost three months after Moscow's invasion of ...

After China bows out, new decision expected on Asian Cup host

KUALA LUMPUR, Malaysia: After China's decision to not host the 2023 Asian Cup, a choice for a new host will ...

Strong support for Taiwan to attend WHO meeting this week

GENEVA, Switzerland: The World Health Organization (WHO) has received a proposal by 13 member states requesting that Taiwan be allowed ...

EU heads tell Ukraine military supplies will continue

BRUSSELS, Belgium: European Union foreign policy chief Josep Borrell has said that the bloc would ensure Ukraine that it has ...

Bush laments "wholly unjustified and brutal invasion"

Former U.S. President George W. Bush has made an embarrassing mistake in criticizing Russian President Vladimir Putin over his decision ...

US war crimes unit investigates Russian actions in Ukraine

WASHINGTON D.C.: The U.S. State Department has announced the launch of a new program to capture and analyze evidence of ...

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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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