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Business

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US urges India to cut tariffs, boost defense buys for more trade
US pushes India to lower tariffs, buy more defense products

NEW DELHI, India: The United States is pressing India to lower tariffs and increase defense purchases to secure a stronger bilateral...

Horror day on Wall Street, Nasdaq loses 4 percent
U.S. stock markets shatter, Dow Jones drops 890 points

NEW YORK, New York - U.S. stocks plunged on Monday, joining a global rout which followed U.S. President Donald Trump not ruling out...

U.S. dollar weighed down by tariffs, stock market woes
U.S. dollar has weak start to new week

NEW YORK CITY, New York - The global foreign exchange market experienced notable shifts on Monday, influenced by escalating trade tensions...

US: Refilling oil reserve fully will cost $20 billion, take years
US estimates it will take $20 billion and years to refill oil reserve

WASHINGTON, D.C.: The U.S. Energy Department estimates it will take US$20 billion and several years to refill the Strategic Petroleum...

BP CEO’s pay drops to 5.4 million pounds in 2024
BP says CEO's pay package fell to 5.4 million pounds in 2024

LONDON, U.K.: British Petroleum CEO Murray Auchincloss saw his pay package drop to 5.4 million pounds (US$6.95 million) in 2024, down...

DHL to cut 8,000 German jobs in largest layoff in 20 years
German delivery giant DHL cuts 8,000 jobs, largest in decades

BONN, Germany: DHL plans to cut 8,000 jobs in Germany this year, marking its most significant domestic workforce reduction in at least...

Europe

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Latest US pullback from international climate efforts
United States quits board of UN climate damage fund, letter shows

BRUSSELS, Belgium: The United States has withdrawn from the board of a U.N. climate fund designed to help poor countries deal with...

Ireland set to issue record deportation orders in 2025
Ireland to issue record number of deportation orders in 2025

DUBLIN, Ireland: The Department of Justice is on track to issue a record number of deportation orders in 2025, with over 700 orders...

Berlin abandons strict debt rules for major spending boost.
Germany to ease debt limit, unlock 1 trillion euros for defense, infra

FRANKFURT, Germany: Germany is set to loosen its strict debt limits in a historic shift that could unlock over 1 trillion euros ($1.08...

US tariffs threaten Italy’s farm exports, from Prosecco to Parma ham
Italy farm lobby worried about US tariffs on cheese and ham

ROME, Italy: Italy's agricultural sector is bracing for a major hit as U.S. tariffs threaten exports of iconic products like Prosecco...

Ireland braces for economic impact of new US tariffs
Ireland said planning for impact of Trump tariffs on economy

DUBLIN, Ireland: The Irish government is preparing for potential economic fallout from new U.S. tariffs, as concerns grow over President...

Drivers in Ireland overpaid 350,000 euros in tolls in 2024
Ireland's drivers overpaid tolls by more than 350,000 euros last year

DUBLIN, Ireland: Drivers in Ireland overpaid more than 350,000 euros in tolls last year across nine motorways and tunnels, according...