Tue, 27 Sep 2022

U.S. stock markets slide amidst turmoil on currency and bond markets

NEW YORK, New York - U.S. stocks had a choppy day Monday, which was marred by severe gyrations in bond ...

100th anniversary of renowned Hollywood sign calls for repaint

HOLLYWOOD, California: Ahead of its 100th anniversary, the world famous Hollywood sign on Mount Lee overlooking Los Angeles is being ...

US Senate targets Facebook, Google for money shared with news groups

WASHINGTON D.C.: The U.S. Senate Judiciary Committee has approved a bill that will allow news organizations to jointly negotiate with ...

Financial crisis hits Asian markets, British pound collapses

SYDNEY, NSW, Australia - An extraordinary plunge in the British pound to an all-time low on Monday has spooked investors, ...

1.1 million Teslas in U.S. recalled for software update

AUSTIN, Texas: Due to increased risks caused by a fault in its automatic window reversal system, electric vehicle maker Tesla ...

Surging costs to result in vegetable shortages, says EU farmers

PARIS, France: Throughout northern and western Europe, vegetable producers are considering not planting crops due to the financial effects of ...

Asian Development Bank cuts Asia growth forecast

MANILA, Philippines: Amidst increased central bank monetary tightening, Russia's invasion of Ukraine and COVID-19 lockdowns in China, the Asian Development ...

Stock falls after Gap cuts 500 corporate jobs

SAN FRANCISCO, California: Amidst declining margins and weak sales of outdated clothes of its brands, including Old Navy and Banana ...

Many forced out as US rental apartments jump 10% in price

WASHINGTON D.C.: Young workers in the U.S. have been the group most harmed by surging rental prices, with many taking ...

US to allow more tourist flights to Cuba

WASHINGTON D.C.: The U.S. Transport Department has announced that the Biden administration has approved the expansion of U.S. flights to ...

McDonald's Russian successor planning full reopening in 2022

MOSCOW, Russia: After battling supply chain issues, potato shortages and a heftyrebranding job, the successor to McDonald's in Russia, Vkusno ...

Global financial markets in disarray, British pound plunges

NEW YORK, New York - U.S. and global stocks continued falling Friday in a dismal end to the week. The ...

UK caps energy prices for businesses this winter

LONDON, England: Businesses struggling with soaring energy costs have welcomed the British government's move to cap wholesale electricity and gas ...

Stocks in Asia on the nose, Australian market loses nearly 2 percent

SYDNEY, NSW, Australia - Stocks in Asia were sold off sharply across the board on Friday. Bonds dived as yields ...

Food, energy lead jump in Sri Lanka inflation to 70.2% in August

COLOMBO, Sri Lanka: The Department of Census and Statistics in Sri Lanka said consumer inflation surged to 70.2 percent in ...

Seeking rebound after Covid, Shanghai begins construction projects

SHANGHAI, China: After its economy slowed due to COVID-19 lockdowns in April and May, Shanghai, China's largest city, announced the ...

U.S. stocks reverse early gains and close in red, Nasdaq loses 153 points

NEW YORK, New York - Fears of a global recession coupled with higher inflation and even more aggressive interest rate ...

Congress hears from CEOs of U.S. banks at special hearing

WASHINGTON D.C.: The chief executives of JP Morgan, Bank of America, Citigroup, Wells Fargo and other major U.S. retail banks ...

Pepsi products leaving Russia due to invasion of Ukraine

MOSCOW, Russia: Some six months after it said it would halt sales and production following Russia's invasion of Ukraine, PepsiCo ...

Stocks in Asia continue sliding, Nikkei 225 drops 153 points

TOKYO, Japan - Stocks in Asia continued sliding Thursday, extending losses related to the U.S. Federal Reserve's aspirations to stamp ...

Asian tourists to return to large numbers by 2024, says Agoda CEO

BANGKOK, Thailand: Online travel agency Agoda predicts that Asian tourists will resume international travel at pre-pandemic levels by 2024. The ...

Following Covid, Thailand sees 2023 tourism revenues of $64.5 billion

BANGKOK, Thailand: Thailand expects to earn $64.50 billion in tourism revenues in 2023, according to government spokesperson Anucha Burapachaisri. As ...

EU states cant agree on Russian oil sanctions - Bloomberg

The 27 member states are reportedly divided over the proposed measureEuropean Union nations are struggling to reach an agreement on ...

WhatsApp to roll out call links feature, tests 32-person video chats

Washington [US], September 26 (ANI): Instant messaging and calling service Whatsapp will be rolling out a new feature that allows ...

RBI imposes monetary penalty on Hissar Urban Cooperative Bank

Mumbai (Maharashtra) [India], September 26 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary ...

Assam CM meets Economic Advisory Council on sidelines of Chintan Shivir in Kaziranga

New Delhi [India], September 26 (ANI): Assam Chief Minister Himanta Biswa Sarma met with a Prime Minister's Economic Advisory Council ...

Mini budget: how will tax cuts and stamp duty affect young adults?

UK chancellor Kwasi Kwarteng has announced a series of measures aimed at boosting the economy as the UK faces a ...

ECB expects economic activity to slow, interest rates to increase further

© Provided by Xinhua Addressing a hearing of the European Parliament's Economic and Monetary Affairs Committee, Lagarde said: "We expect ...

RBI imposes monetary penalty on Andaman Nicobar State Co-operative Bank

Mumbai (Maharashtra) [India], September 26 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary ...

EU sanctions have backfired Orban

Hungary should prepare for a prolonged conflict in Ukraine, says PMSanctions imposed by the European Union on Russia over its ...

EU central bank warns outlook is darkening

The ECB has slashed growth forecasts, hiking interest rates even as it predicts inflation will climb furtherEurope is facing lower-than-expected ...

EU to set aside Russian oil cap plan Bloomberg

The 27 member states are reportedly divided over the proposed measureEuropean Union nations are struggling to reach an agreement on ...

RBI imposes monetary penalty on Varachha Co-operative Bank

Mumbai (Maharashtra) [India], September 26 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary ...

5 steps you can take to manage a hike in interest rates

The governor of the South African Reserve Bank recently announced an increase in the lending rate by 75 basis points. ...

How the USSR got Europe hooked on its gas

The U.S. did everything in its power to halt cooperation between Moscow and European countries in the sphere of natural ...

China raises reserve requirement for forward forex trading

© Provided by Xinhua BEIJING, Sept. 26 (Xinhua) -- China will elevate the foreign exchange risk reserve ratio for forward-forex ...

Worst bond market crash in over 70 years coming Bloomberg

The central banks aggressive interest rate hikes could cause a heavy selloff, strategists reportedly warnGlobal government bonds are on course ...

Sensex slumps 954 points tracking weakness in global equities

Mumbai (Maharashtra) [India], September 26 (ANI): The Indian stock market's key indices, Sensex and Nifty, slumped by nearly two per ...

Russian methanol industry shutting down media

The vital chemical is falling victim to Western sanctions, Kommersant daily reportsMethanol output in Russia has fallen to minimum levels ...

Oil prices slump on recession fears

Brent benchmark has fallen to its lowest since January 14Oil prices were on a downslide on Monday, falling to their ...

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to New York Statesman.

More Information
0
Mostly Cloudy in New York/Battery

International

Section
School children gunned down by ex-student at school in Russia

MOSCOW, Russia - At least fifteen people, including 11 pupils, have been killed in a mass shooting at a school ...

Lightning kills 12, rains another 24 in northern India

LUCKNOW, India: Thirty-six people, including 12 struck by lightning, have been killed in northern India over the past 24 hours, ...

Negotiations successful in swapping five British held by Russia

LONDON, England: The non-profit organization Presidium Network has announced that five British prisoners of war captured in Ukraine have been ...

Malaysia to give Myanmar a hard time in upcoming ASEAN meeting after death of kids

KUALA LUMPUR, Malaysia - Southeast Asian nations must decide whether a five-point plan to end the violence in Myanmar is ...

Large number of illegal Bangladeshis arrested in neighboring Indian state

NEW DELHI, India - The Indian state of Tripura has decided to form a special investigation team (SIT) of local ...

US seeks lower truck emissions, transition to electric

WASHINGTON D.C.: After Congress approved new initiatives to speed the adoption of zero-emission vehicles, the U.S. Environmental Protection Agency (EPA) ...

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 ...

Read More