Fri, 27 May 2022

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 ...

Mercedes to install lighter batteries with 20-40% power boost

STUTTGART, Germany: Beginning in 2025, Mercedes-Benz will incorporate a new, highly energy-dense battery in its G-Class electric vehicles, potentially solving ...

Recession feared by as UK faces highest inflation in 40 years

LONDON, England: UK prices are rising at their fastest rate in 40 years, as higher energy bills are changing spending ...

UK India on Track for Free Trade Agreement by Diwali: Piyush Goyal

London [UK], May 27 (ANI/BusinessWire India): India's Minister for Commerce and Industry, Piyush Goyal, formally flagged off UK-India Week 2022, ...

'Handmade, Dil Se': Bluerickshaw broadcast show to bridge the gap between SMEs of India SMBs of North America

New Delhi [India], May 27 (ANI/GPRC): India is a country whose crafts are rich in history and culture. Crafts have ...

Chinese yuan weakens to 6.7387 against USD Friday

Beijing [China], May 27 (ANI): The central parity rate of the Chinese currency renminbi, or the yuan, weakened 621 pips ...

More Memorial Day Travel Expected, Despite High Gas Prices

LOS ANGELES - To drive, or not to drive? This Memorial Day weekend, with surging gas prices that are redefining ...

Chinese economy resilient despite short-term downward pressure

© Provided by Xinhua China's economy is expected to improve in May with the accelerating resumption of work and production ...

As land revenues dip, China puts the squeeze on local government expenses

Beijing [China], May 26 (ANI): With its real estate sector slowing down, China is cutting back on costs and issued ...

US Economy Shrank by 1.5% in Q1 but Consumers Kept Spending

WASHINGTON - The U.S. economy shrank in the first three months of the year even though consumers and businesses kept ...

Chinese language, culture in vogue among Turkish youths

© Provided by Xinhua by Burak AkinciANKARA, May 26 (Xinhua) -- Muberra Batuhan, a young teacher considering China as her ...

Honeywell launches India Youth Teckathon 2022 in association with ICT Academy and UiPath Academic Alliance

Chennai (Tamil Nadu) [India], May 26 (ANI/NewsVoir):The event seeks to help students build, enhance, and test their Robotic Process Automation ...

Hungarian govt to impose 2.2 bln USD windfall tax

© Provided by Xinhua For 2023, the Hungarian government is expecting an inflation rate of 5.2 percent, a deficit target ...

KCR meets Deve Gowda, says there will be change at national level after 2024 polls

Bengaluru (Karnataka) [India], May 26 (ANI): Telangana Chief Minister K Chandrashekar Rao, who is seeking to bring opposition parties together ...

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UK, Lithuania boost defense cooperation to counter Russian aggression

LONDON, England: A joint declaration to boost defense and security collaboration was signed between Britain and Lithuania this week. London ...

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 ...

Britain says arm Moldova to prepare for Russian invasion

LONDON, England: The UK's Telegraph newspaper has reported that Foreign Secretary Liz Truss has proposed that Britain send modern weaponry ...

Polish president: Ukraine must decide its own future

KYIV, Ukraine: Andrzej Duda, President of Poland, told lawmakers in Kyiv this week that Ukraine has the right to decide ...

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 ...

Agreement reached to return Parthenon sculpture to Greece

ATHENS, Greece: In a significant move for Greece, which has intensified its campaign to bring back sculptures from its most ...

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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