Tue, 17 May 2022

Kia reports second most electric car sales in US, Ford close behind

LOS ANGELES, California: Kia has become the second largest manufacturer of electric vehicles sold in the United States, second only ...

U.S. stock markets undermined by weak Chinese data

NEW YORK, New York - Weak economic news out of China undermined stocks on Wall Street on Monday. The major ...

Braking problems cause Mercedes-Benz to issue do-not-drive order

ATLANTA, Georgia: Mercedes-Benz USA has requested drivers to stop driving some of their autos immediately due to braking problems.The announcement ...

U.S. dollar reaches all-time high in Pakistan, crosses Rs194 in interbank trade

KARACHI, Pakistan - The U.S. dollar climbed past Rs194 in the interbank market in Pakistan on Monday as analysts expressed ...

Three bidders weigh purchasing Italy's state-owned ITA Airways

ROME, Italy: Italy has announced plans to sell state-owned ITA Airways, the successor to Alitalia, by the end of June, ...

Stocks in Asia range-bound as markets contemplate next move

SYDNEY, NSW, Australia - Stocks struggled for direction in Asia on Monday. Early gains evaporated later in the data, although ...

China's Green Valley ends Alzheimer's drug test due to funding

BEIJING, China: China's Green Valley Pharmaceutical company has prematurely ended an FDA approved study on its GV-971 to treat mild ...

GM, union raise wages 8.5% at Mexico truck factory

SILAO, Mexico: U.S. automaker General Motors (GM) has agreed to raise wages by 8.5 percent, following negotiations with a new, ...

Croatia passes law paving way for switch to euro currency

ZAGREB, Croatia: Croatian lawmakers have voted to allow the introduction of the euro currency in 2023. Lawmakers voted 117-13 to ...

After jump in food prices, Iran cuts off internet to prevent protests

TEHRAN, Iran: Iran has abruptly raised prices as much as 300 percent for a variety of staple foods, including cooking ...

Weekly May inflation reported at 0.12 percent in Russia

MOSCOW, Russia: Russia's weekly inflation rate has further eased after surging soon after Moscow began its invasion in Ukraine on ...

Toyota to build EV, hybrid parts hub in India

NEW DELHI, India: A senior company executive has told Reuters that Toyota is planning to make India a manufacturing hub ...

Wall Street rebounds, Nasdaq Composite advances 434 points

NEW YORK, New York - U.S. stocks were on the mend on Friday while the U.S. dollar rally cooled - ...

Cuban cigars make comeback after Covid, set record sales

HAVANA, Cuba: Cuba's state cigar monopoly, Habanos S.A., reports that sales of its famous hand-rolled cigars have rebounded strongly after ...

Ending long dispute, Google, EU agree on payments for online news

BRUSSELS, Belgium: Three years after the adoption of the landmark EU copyright rules, Google is set to pay 300 publishers ...

Asian stocks surge, Japan's Nikkei 225 jumps more than 2%

SYDNEY, NSW, Australia - Stock markets in Asia rebounded Friday with major gains recorded in Japan, Australia, Hong Kong, mainland ...

Fast pace of Tesla success a surprise, says Volkswagen chief

WOLFSBURG, Germany: Tesla's expansion took Volkswagen by surprise, said an official, and the German carmaker may struggle to overtake Tesla, ...

New York auction of Warhol's 'Marilyn' sold for record $195 million

NEW YORK CITY, New York: Andy Warhol's iconic portrait of Marilyn Monroe, "Shot Sage Blue Marilyn," sold for $195 million ...

Volatile day for U.S. stocks Thursday, indices finish mixed

NEW YORK, New York - The global meltdown in stocks continued on Thursday, while the soaring U.S. dollar hurdled new ...

Worldwide podcasting to reach $4 billion by 2024

LOS ANGELES, California: By 2024, podcasting is expected to become a $4 billion industry.Ahead of the Podcast Upfronts, the Interactive ...

Egyptians struggle to purchase necessities as inflation surges

CAIRO, Egypt: Egypt's annual inflation rate has continued to surge, up 2.8 percent, reaching around 14.9 percent in April from ...

Greenback catapults higher as stocks in Asia crumble

SYDNEY, NSW, Australia - Financial markets across the world continued in disarray Thursday with the U.S. dollar forging ahead, while ...

Biman suspends five over aircraft collision at Dhaka airport

DHAKA, Bangladesh - Follwoing the collision of two Boeing planes at Hazrat Shahjalal International Airport's hangar, Biman Bangladesh Airlines has ...

India-Jamaica economic relations flourish even after geographical constraints: President Kovind

Kingston [Jamaica], May 17 (ANI): While hailing the friendly relations between India and Jamaica, President Ram Nath Kovind on Tuesday ...

Companies relocate investments as China reels under strict Zero-COVID lockdowns

Beijing [China], May 17 (ANI): China's infamous Zero-COVID policy has gained eyeballs for all the wrong reasons and amid this ...

Global Pandemic Increased Poverty in Africa

Nairobi - The global pandemic has pushed more than 55 million Africans into extreme poverty and reversed two decades of ...

Ethnic poverty: dividing and excluding people keeps them poor

Sub-Saharan African countries are the most ethnically diverse in the world. Within each African country there are more ethnic groups ...

Supreme Court ruling on NBFCs removes key regulatory overhang: CRISIL

Mumbai (Maharashtra) [India], May 16 (ANI): The recent ruling by the Supreme Court that underscores the primacy of the Reserve ...

Here's how greenhouse gas emissions can be reduced

Potsdam [Germany], May 16 (ANI): According to a study by a team of Potsdam scientists, global food system needs to ...

EU Cuts Eurozone Growth Forecast As Ukraine War Bites

The European Commission on Monday sharply cut its eurozone growth forecast for 2022 to 2.7 percent, blaming skyrocketing energy prices ...

Germany sets deadline for dropping Russian oil Bloomberg

Berlin reportedly aims to find new oil suppliers and resolve logistical problems within six to seven monthsGermany plans to ditch ...

Update: China's economy expected to recover gradually from Omicron impacts

© Provided by Xinhua BEIJING, May 16 (Xinhua) -- China's economy is expected to recover gradually as the country achieves ...

European Commission Downgrades Eurozone GDP Growth Forecast for 2022 to 2.7 per cent: Report

Moscow [Russia], May 16 (ANI/Sputnik): The European Commission has lowered the Eurozone's GDP projection for 2022 to 2.7 per cent ...

Young Chinese making dreams come true on Belt and Road

© Provided by Xinhua by Xinhua writer Zhao YangBEIJING, May 16 (Xinhua) -- Holding fast to their dreams and rising ...

US, EU to deepen information sharing on exports of critical technology

Washington [US], May 16 (ANI/Sputnik): The United States-European Union Trade and Technology Council (US-EU TTC) will deepen information sharing on ...

Update: China's retail sales contract in January-April amid COVID-19

© Provided by Xinhua BEIJING, May 16 (Xinhua) -- China's retail sales declined during the first four months of this ...

Update: China's property investment down 2.7 pct

© Provided by Xinhua BEIJING, May 16 (Xinhua) -- China's investment in property development went down 2.7 percent year on ...

Latest Developments in Ukraine: May 16

For full coverage of the crisis in Ukraine, visit Flashpoint Ukraine.The latest developments in the conflict between Russia and Ukraine. ...

IBM: 6 Black Colleges Getting Cybersecurity Centers

New Orleans - Six historically Black universities in five Southern states will be getting the first IBM cybersecurity centers aimed ...

Singapore President launches new Indian organisation

By Lee Kah WhyeSingapore, May 16 (ANI): Last week, at an event attended by Indian business and community leaders, a ...

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Nepal to get free 21.9% of 490mw electricity every month

KATHMANDU, Nepal - The governments of Nepal and India have signed a bilateral memorandum of understanding for the construction of ...

Kia reports second most electric car sales in US, Ford close behind

LOS ANGELES, California: Kia has become the second largest manufacturer of electric vehicles sold in the United States, second only ...

U.S. stock markets undermined by weak Chinese data

NEW YORK, New York - Weak economic news out of China undermined stocks on Wall Street on Monday. The major ...

Braking problems cause Mercedes-Benz to issue do-not-drive order

ATLANTA, Georgia: Mercedes-Benz USA has requested drivers to stop driving some of their autos immediately due to braking problems.The announcement ...

U.S. dollar reaches all-time high in Pakistan, crosses Rs194 in interbank trade

KARACHI, Pakistan - The U.S. dollar climbed past Rs194 in the interbank market in Pakistan on Monday as analysts expressed ...

Three bidders weigh purchasing Italy's state-owned ITA Airways

ROME, Italy: Italy has announced plans to sell state-owned ITA Airways, the successor to Alitalia, by the end of June, ...

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Desperate Hour

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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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