Thu, 09 Feb 2023

Big jump in sales for Foxconn as China ends Covid restrictions

TAIPEI, Taiwan: After the end of COVID-19 disruptions in China, Taiwan's Foxconn, the world's largest contract electronics maker and major ...

U.S. stocks get boost from Fed chair, Nasdaq surges 226 points

NEW YORK, New York - Stocks ended sharply higher on Tuesday following mixed comments by Federal Reserve Chairman Jerome Powell.Powell ...

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 ...

China's warming economy new impetus to global growth

© Provided by Xinhua BEIJING, Feb. 8 (Xinhua) -- Well begun is half done. Off to a good start in ...

Indian stocks rally on a day RBI raises repo rate

New Delhi [India], February 8 (ANI): Indian stock markets continued with their early gains even after the announcement of the ...

New way to rearrange store products could boost impulse buying

Washington [US], February 8 (ANI): A data-driven strategy for rearranging merchandise on a regular basis allows merchants to improve new ...

Pakistan at beginning of worst economic crisis since country's formation: Report

Islamabad [Pakistan], February 8 (ANI): Pakistan is currently at the beginning of the worst economic crisis since the country's formation ...

Adani Power's revenue increased 44 pc in December quarter; profit declines

Ahmedabad (Gujarat) [India], February 8 (ANI): Adani Power's consolidated revenue from operations during the October-December quarter increased 44 per cent ...

Adani Wilmar's profits rise 16 pc, revenue 7 pc in Oct-Dec quarter

Ahmedabad (Gujarat) [India], February 8 (ANI): Adani Wilmar's consolidated net profits during the October-December 2022 quarter increased by 16.4 per ...

Plastic recycled jacket that PM Modi wore will be available for public

By Shailesh YadavBengaluru (Karnataka) [India], February 8 (ANI): The jacket that Prime Minister Narendra Modi wore today in the Parliament, ...

Has taken number of steps to strengthen resilience of Indian banks: RBI Guv

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

RBI expected to remain cautious with focus on achieving full growth potential: FICCI

New Delhi [India], February 8 (ANI): Subhrakant Panda, president of industry body FICCI has said the Reserve Bank of India ...

RBI refrains from giving any forward guidance: Governor Shaktikanta Das

Mumbai (Maharashtra) [India], February 8 (ANI): Reserve Bank of India's Governor Shaktikanta Das said the central bank has refrained from ...

Eight banks participated in digital currency project: RBI Deputy Governor

Mumbai (Maharashtra) [India], February 8 (ANI): Reserve Bank of India Deputy Governor T Sankar Rabi on Wednesday said eight banks ...

Real wages in Germany plummet data

The loss of spending power last year was driven by soaring inflation, official statistics showReal earnings in Germany decreased by ...

India to capitalize on demographic dividend, aims to become "skill" capital of world

New Delhi [India], February 8 (ANI): With nearly 65 per cent of its youth in the working age group, India ...

Microsoft's ChatGPT-powered Bing browser now available publicly

Washington [US], February 8 (ANI): American tech giant Microsoft's new ChatGPT-powered Bing experience will now be available for everybody as ...

China In Eurasia Briefing: Popping Beijing's Bubble 

Welcome back to the China In Eurasia briefing, an RFE/RL newsletter tracking China's resurgent influence from Eastern Europe to Central ...

Current account deficit for first half of 2022-23 at 3.3 pc of GDP: RBI Guv

Mumbai (Maharashtra) [India], February 8 (ANI): The current account deficit (CAD) for the first half (H1) of 2022-23 stood at ...

RBI restores market hours for government securities to pre-Covid timing

Mumbai (Maharashtra) [India], February 8 (ANI): The Reserve Bank of India (RBI) on Wednesday said it was restoring market hours ...

Foreign portfolio flows show signs of improvement: RBI Governor

Mumbai (Maharashtra) [India], February 8 (ANI): Reserve Bank of India's Governor Shaktikanta Das on Wednesday said foreign portfolio flows have ...

Here's what analysts and experts have to say about RBI's monetary policy

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

In a message to sustainability, PM Modi wears jacket made from recycled plastic bottles

New Delhi [India], February 8 (ANI): Prime Minister Narendra Modi on Wednesday came to parliament wearing a jacket made from ...

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 ...

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US weighs ending protection of bears at Yellowstone, Glacier Park

WASHINGTON D.C.: The Biden administration has indicated that it could end federal protection for grizzly bears in the northern Rocky ...

Philippines hands over four more military bases to US

MANILA, Philippines: The Philippines has granted the United States four more locations to open military bases, U.S. Defense Secretary Lloyd ...

While friends and foes rush to Syria's aid, U.S. refuses to help

WASHINGTON, DC - The global community has extended aid to Turkey and Syria following the devastating earthquakes that hit the ...

US Congress wants information on Russians hacking nuclear computers

WASHINGTON D.C.: US lawmakers have called on the Department of Energy to release documents detailing attempts by Russian hackers to ...

Death toll from deadly earthquake in Turkey and Syria continues to mount

Photo credit: Ercin Erturk / Anadolu AgencyThe death toll from Monday's massive 7.8 magnitude earthquake in Turkey and Syria has ...

Republicans in Congress to impeach border official due to migrants

WASHINGTON D.C.: In a sign of future political battles over record numbers of illegal crossings under Democratic President Joe Biden, ...

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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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