Wed, 29 Mar 2023

China economy remains slow as industrial profits down 4% in 2023

BEIJING, California: As the world's second-largest economy is still struggling to fully recover from the long-term effects of COVID-19, most ...

U.S. industrial stocks advance Monday, techs lag

NEW YORK, New York - Bank shares were being bought up on Monday as U.S. industrial stocks kicked the week ...

With eye on travelers, US reduces airline requirements at airports

WASHINGTON D.C.: To address summer airport congestion and low air traffic controller staffing levels, the Federal Aviation Administration (FAA) said ...

Canada tells Biden it will spend more on Great Lakes water quality

OTTAWA, Canada: After a meeting between Canadian Prime Minister Justin Trudeau and US President Joe Biden, Ottawa has pledged to ...

Closing of SVB Bank causes fall in deposits in small US banks

NEW YORK CITY, New York: Deposits at small U.S. banks throughout the country dropped the most since 2007 after the ...

Ford EVs will lose $3 billion pretax in 2023, says officials

DETROIT, Michigan: In a briefing for investors and analysts this week, Ford Motor Co. reported that while its electric vehicle ...

Hundreds of workers to be fired at Walmart's US fulfillment centers

BENTON, Arkansas: Reuters reported that due to a reduction or elimination in evening and weekend shifts, Walmart will lay off ...

Russian car buyers slowly learning to buy Chinese cars

MOSCOW, Russia: As western automakers have left Russia since the start of the Ukraine war, the Chinese have rushed in ...

Tottering Virgin space business receives $200 million from investor

LONDON, England: Reuters has reported that struggling Virgin Orbit, owned by billionaire Richard Branson, is nearing a $200-million investment deal ...

EV charger plants slowing down due to 'Made In America' rules

NEW YORK CITY, New York: To comply with the requirements of the "Made in America" laws, a $7.5 billion federal ...

Financing official: expect more banks to close

LONDON, England: During a Bloomberg conference held in London this week, Luke Ellis, CEO of hedge fund Man Group, said ...

U.S. stocks defy global gloom, concerns about giant German bank

NEW YORK, New York - Wall Street jumped on Friday, although gains were modest after bank shares in Europe came ...

30,000 teachers' aides, bus drivers, others strike at Calif. schools

LOS ANGELES, California: Some 30,000 education workers in Los Angeles, backed by teachers, went on a three-day strike, canceling school ...

Demand for US flights to Europe jumps 37%, prices also rise

LONDON, England: Despite rising air fares, a potential global economic recession and risks of gridlock at some airports in Europe ...

U.S. says businesses receiving federal funds cannot work with China

WASHINGTON D.C.: The US Commerce Department has proposed new laws aimed at preventing China and other countries deemed of concern ...

Wall Street gives up early gains to cloe moderately higher

NEW YORK, New York - As concerns over the banking sector eased, U.S. stocks moved moderately higher on Thursday, but ...

Mexico to become EV production hub despite low local demand

MEXICO CITY, Mexico: Amid Tesla's plan to open a $5 billion Gigafactory in the country, Mexico will soon become an ...

China: The case of protesting workers and indifferent state

Beijing [China], March 28 (ANI): Three months after the reversal of its zero-Covid mandate, China appears to be grappling with ...

Key takeaways from China Development Forum 2023

BEIJING, March 28 (Xinhua) -- At the China Development Forum 2023, which concluded on Monday, senior Chinese officials, leaders of ...

India will continue to work with African nations to promote regional security, enhance defence capabilities: Rajnath Singh

Pune (Maharashtra) [India], March 28 (ANI): Defence Minister Rajnath Singh on Tuesday said that India will continue to work with ...

G20 expert group on strengthening Multilateral Development Banks constituted

New Delhi [India], March 28 (ANI): A G20 expert group for strengthening multilateral development banks (MDBs) has been constituted under ...

Update: Asia's GDP expected to grow 4.5 pct in 2023: report

© Provided by Xinhua BOAO, Hainan, March 28 (Xinhua) -- The weighted real GDP growth rate of Asia in 2023 ...

US Concerned About Russia-Iran Partnership

The United States expressed concern Monday about the strengthening of ties between Russia and Iran."It should be a concern for ...

Upbeat economic outlook issued for China

S&P Global Ratings forecasts 5.5% GDP growth this yearChina's economy will grow this year, exceeding Beijing's official projections and supporting ...

China now bails out countries after pushing them into 'debt-trap'

Washington [US], March 28 (ANI): Since the end of World War II, the International Monetary Fund and the United States ...

Indian stocks largely steady Tuesday morning

New Delhi [India], March 28 (ANI): Indian stocks indices were largely steady Tuesday morning after closing on the higher side ...

Chinese yuan weakens to 6.8749 against USD Tuesday

© Provided by Xinhua BEIJING, March 28 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the ...

Biden orders US flags to be flown at half-staff to honour victims of Nashville shooting

Washington [US], March 28 (ANI): US President Joe Biden has ordered that the flags at the White House and all ...

US Treasury yields rise as bank worries ease

NEW YORK, 27th March, 2023 (WAM) -- Wall Street equities gained and U.S. Treasury yields rose on Monday as investor ...

Global economic growth to slump to three-decade low, World Bank warns

WASHINGTON, 27th March, 2023 (WAM) -- The average potential global economic growth will slump to a three-decade low of 2.2% ...

US: Biden calls Nashville shooting "sick", urges Congress to pass assault weapons ban

Washington [US], March 28 (ANI): US President Joe Biden on Monday (local time) termed the school shooting at Nashville which ...

Real GDP growth projected to expand by 4.3 percent in 2024: Central Bank

ABU DHABI, 27th March, 2023 (WAM) -- The Central Bank of the United Arab Emirates has projected the country's annual ...

SC tags CBI's plea against bail to Lalu Prasad Yadav with other cases

New Delhi [India], March 28 (ANI): The Supreme Court on Monday said it will hear along with a pending plea ...

Profit versus health: 4 ways big global industries make people sick

It's now more commonly known that alcohol and tobacco use make us ill. Less known is that just four industries ...

Borrowers must be heard before loan account is classified as fraud: SC

New Delhi [India], March 27 (ANI): The Supreme Court on Monday rejected the State Bank of India's appeal, upholding the ...

World Bank predicts lost decade

Overlapping crises could lead to a sharp slowdown, the institution warnsAverage potential global economic growth will slump to a three-decade ...

Alibaba co-founder Jack Ma returns to mainland China after a year

Beijing (China), March 27 (ANI): Chinese magnate Jack Ma has returned to mainland China after spending roughly a year overseas, ...

EconomyInFocus | China's economic recovery adds certainty to global growth

© Provided by Xinhua © Provided by Xinhua Passenger flows, logistics, and business trips in Ch ...

RBI likely to pause interest rate hike in April policy meet: SBI Research

New Delhi [India], March 27 (ANI): The Reserve Bank of India (RBI) is expected to pause their interest rate hike ...

China's non-financial outbound direct investment surges in Jan-Feb

© Provided by Xinhua BEIJING, March 27 (Xinhua) -- China's non-financial outbound direct investment (ODI) surged 35.7 percent year on ...

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US, Canada looks to close border roads to migrants

OTTAWA, Canada: US President Joe Biden and Canadian Prime Minister Justin Trudeau have announced a plan to close a loophole ...

Migrants found in hot Texas freight train; two die, 10 hospitalized

UVLADE, Texas: Texas police stopped a Florida-bound freight train this week and discovered two migrants had died in a freight ...

Officials confirm 25 dead in Mississippi tornadoes, dozens injured

ROLLING FORK, Mississippi: A powerful tornado has struck Mississippi, killing at least 25 people, injuring dozens, flattening entire blocks and ...

Honduras to end diplomatic relations with Taiwan

TEGUCIGALPA, Honduras: In what could signal the end of his country's decades-long relations with Taiwan, Honduran foreign minister Eduardo Enrique ...

Focus on Chinese abuse of Uyghurs by US House

WASHINGTON D.C.: A new US Congressional committee focusing on China held its second hearing on the alleged abuses of the ...

Latest California storm causes 5 deaths in Bay area

SAN FRANCISCO, California: A new round of extreme winter weather that hit California, also drifted into neighboring Southwest states, 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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