Tue, 17 May 2022

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 ...

U.S. stock markets continue to lose ground, Nasdaq tumbles more than 3 percent

NEW YORK, New York - U.S. stocks tumbled again Wednesday following the release of core CPI figures which showed inflation ...

New Jersey online casino revenue expected to jump in 2022

TRENTON, New Jersey: The New Jersey Attorney-General has reported that the state's online casino industry is predicted to increase its ...

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 ...

K.H. Lee storms back to win second straight Byron Nelson title

K.H. Lee of South Korea shot a final-round, 9-under 63 to successfully defend his title at the ATT Byron Nelson ...

EU drafts sanctions busting Russian gas plan Bloomberg

Proposal allows opening accounts in Gazprombank, as Moscow has requested, report claimsThe European Commission has reportedly agreed a plan that ...

Pricy Tortillas: Latin America's Poor Struggle to Afford Staples

No item is more essential to Mexican dinner tables than the corn tortilla. But the burst of inflation that is ...

African Union Chief Wants Pan-African Credit Ratings Agency

Dakar, Senagal - Senegal President Macky Sall called Sunday for the creation of a pan-African credit ratings agency, saying that ...

World Leaders Pay Respects in UAE after Death of Pro-West President

DUBAI - World leaders descended on the United Arab Emirates on Sunday to offer condolences to new leader Sheikh Mohammed ...

China doubles down on expanding domestic demand to bolster growth

© Provided by Xinhua BEIJING, May 15 (Xinhua) -- Facing downward pressure and increasing uncertainties, China has stepped up efforts ...

UN lists Pakistan among drought-hit countries

Islamabad [Pakistan], May 15 (ANI): According to the 'Global Land Outlook' report released by the United Nations, Pakistan along with ...

Pricey Tortillas: Latin America's Poor Struggle to Afford Staples

No item is more essential to Mexican dinner tables than the corn tortilla. But the burst of inflation that is ...

Grand preparations in full swing in Lumbini to welcome PM Modi

Lumbini [Nepal], May 15 (ANI): Ahead of Prime Minister Narendra Modi's visit to Nepal, grand preparations are in full swing ...

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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 ...

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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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