Mon, 06 Feb 2023

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 ...

US Justice Dept. investigating Tesla claims on self-driving autos

WASHINGTON D.C.: Tesla confirmed this week that the US Justice Department has requested documents related to its Full Self-Driving and ...

At 10.5 million vehicles sold, Toyota is top automaker in 2022

TOKYO, Japan: Toyota has announced that it sold 10.5 million vehicles in 2022, maintaining its position as the world's top-selling ...

Nasdaq Composite jumps more than 3 percent on Meta surge

NEW YORK, New York - Technology stocks had a hay day Thursday with Facebook parent Meta rocketing up nearly 30 ...

Concerns about recession in Germany after economy shrinks in Q4

FRANKFURT, Germany: Data released this week showed that the German economy unexpectedly shrank in the fourth quarter of 2022, indicating ...

China to allow return of Japanese tourists following retaliatory ban

TOKYO, Japan: In a statement posted on the website of the Chinese Embassy in Tokyo, Beijing announced that it will ...

Sellers hit U.S. dollar, greenback crumbles

NEW YORK, New York - The U.S. dollar crumbled on Thursday after first posting gains. The late afternoon sell off ...

Roller-coaster ride for U.S. stocks Wednesday, Nasdaq stars with 2% gain

NEW YORK, New York - Wall Street dove into the red Wednesday after the U.S. Federal Reserve Open Market Committee ...

Report says US consumer spending fell in December wh

WASHINGTON D.C.: In the latest indication that its interest rate hikes are slowing the US economy, the Federal Reserve's main ...

China says shipments of smartphones in 2022 falls to lowest in decade

BEIJING, China: As COVID-19 restrictions and a slowing economy curbed consumer demand in 2022, China's smartphone sales witnessed a record ...

To reach out to public, Japanese vending machines selling whale meat

TOKYO, Japan: After struggling for years to promote its products amid protests from conservationists, Japanese whaling company Kyodo Senpaku announced ...

Air India begins update with purchase of nearly 250 aircraft

NEW DELHI, India: Marking a year since the Tata Group took control of Air India, the former state-run carrier has ...

Markets open with losses, tracking weak global trends

Mumbai (Maharashtra) [India], February 6 (ANI): Monday's opening session of the domestic equity market saw a downward trend as weak ...

Elon Musk calls past three months "extremely tough", says "had to save Twitter from bankruptcy"

Washington [US], February 6 (ANI): Twitter and Tesla CEO Elon Musk on Sunday said that the past three months have ...

Fisheries Budget increased by 38.45 pc, amount of Rs 2248.77 cr allocated for FY 2023-24

New Delhi [India], February 6 (ANI): Union Finance Minister Nirmala Sitharaman announced allocation of an amount of Rs 2248.77 crore ...

EU Bans Russian Diesel, Other Oil Products Over Ukraine

Frankfurt, Germany - Europe imposed a ban Sunday on Russian diesel fuel and other refined oil products, slashing energy dependency ...

Tourists in our own reality: Susan Sontag's Photography at 50

This year marks 50 years since Susan Sontag's essay Photography was published in the New York Review of Books. Slightly ...

Britain Faces Largest Ever Healthcare Strikes as Pay Disputes Drag On

London - Britain faces its largest ever strike by health workers on Monday as tens of thousands of nurses and ...

Global gold demand soared to decade high in 2022: World Gold Council

New Delhi [India], February 5 (ANI): Annual gold demand in 2022 increased by 18 per cent on a yearly basis, ...

Union Min RK Singh calls on G20 partners to come together against global warming, climate change

Bengaluru (Karnataka) [India], February 5 (ANI): Union Minister for Power and New and Renewable Energy RK Singh on Sunday called ...

Migrant workers left with no job, stable income due to Xi's Zero Covid policy: Report

Beijing [China], February 5 (ANI): China lifted the 'Zero Covid' policy hoping it would give their citizens relief but it ...

India's forex reserves continue to rise for three weeks

Mumbai (Maharashtra) [India], February 5 (ANI): India's foreign exchange reserves rose by USD 3.03 billion to USD 576.761 billion in ...

Foreign investors continue sell-off in Indian stocks; sold Rs 34,605 crore in 2023

Mumbai (Maharashtra) [India], February 5 (ANI): Foreign portfolio investors (FPIs) continue their selling spree in Indian stock markets. FPIs have ...

Pakistan, IMF at odds over Rs 900 billion fiscal gap

Islamabad [Pakistan], February 5 (ANI): The International Monetary Fund (IMF) and the Government of Pakistan are at a stalemate over ...

India's Budget to sustain demand for corporates: Fitch Ratings

New Delhi [India], February 5 (ANI): The higher spending, tax cuts and supportive policies announced in India's Budget for 2023-24 ...

Canadian Foreign Minister Joly to visit India from Feb 6

Ottawa [Canada], February 5 (ANI): Canadian Minister of Foreign Affairs Melanie Joly on Saturday (local time) announced that she will ...

"India is hugely exciting market and major focus" for Apple: Tim Cook

Washington [US], February 5 (ANI): Apple CEO Tim Cook has called India a "hugely exciting market" for the company. Speaking ...

Disney World Unions Vote Down Offer Covering 45,000 Workers

orlando, florida - Union members voted down a contract proposal covering tens of thousands of Walt Disney World service workers, ...

Faulty policies, funding of terrorism responsible for Pakistan's economic crisis: Report

Islamabad [Pakistan], February 5 (ANI): Pakistan has become a textbook lesson in the political economy of how nations that rear ...

China helping Russia to obtain key technology media

Western sanctions apparently haven?t hampered the flow of aircraft parts, radios and microchipsChinese defense firms are supplying Russia with components ...

India leads internationally in canvassing support for Sri Lanka, says Lankan envoy

By Ayushi AgarwalNew Delhi [India], February 4 (ANI): Lauding India's support for Sri Lanka during its worst economic crisis, Sri ...

France comments on Ukraine's NATO prospects

Kiev's membership in the US-led military bloc is not on the table for now, the French Foreign Ministry spokeswoman saidUkraine's ...

IMF places new demands before Pakistan for holding policy-level talks next week

Islamabad [Pakistan], February 4 (ANI): The International Monetary Fund (IMF) has concluded its first round of "tough talks" with Pakistan ...

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Up to 2,000 Israelis to be housed in new town on Gaza border

JERUSALEM - Israel on Sunday announced plans to build a new town on the Gaza border .The town, temporarily named ...

US cancels over 1,800 flights due to ice storm

CHICAGO, Illinois: After an ice storm ravaged states from Texas to West Virginia, this week, airlines canceled over 1,800 flights ...

Czech parliament speaks repeats support for Taiwan

PRAGUE, Czech Republic: Ahead of her visit to Taipei, Marketa Pekarova Adamova, Speaker of the Czech Lower House, reiterated to ...

Courts declare New Jersey anti-gun law cannot be enforced

TRENTON, New Jersey: A federal judge has blocked a New Jersey law allowing the state's attorney-general to sue gun manufacturers ...

US ending Covid emergency programs on May 11

WASHINGTON D.C.: The Biden administration said this week that it will end US COVID-19 emergency declarations on 11th May, nearly ...

After 11,000 US flights disrupted, FAA updates its computers

WASHINGTON D.C.: In a letter to lawmakers last week, the US Federal Aviation Administration (FAA) said it had put in ...

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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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