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World news
Siemens to acquire US software firm Brightly for US$1.58 billion
June 27, 2022 12:35 PM PDT| By Mridul GogoiSiemens to buy US tech company Brightly Software to expand its SAAS initiative.
Taiwan’s GlobalWafers to build US$5-billion silicon factory in Texas
June 27, 2022 09:36 AM PDT| By Mridul GogoiTaiwan-based company GlobalWafers to set up new factory in US.
Global food transportation linked to high greenhouse gas emissions
June 26, 2022 01:23 PM PDT| By Mridul GogoiGreenhouse gas emissions while transporting fruits and vegetables are higher than in raising livestock for meat.
Senate passes gun bill; to provide US$15 bn funding to states
June 24, 2022 11:23 AM PDT| By Mridul GogoiUS Senate passes new gun legislation to curb rising mass shootings in the US
Strong US dollar spurs global currency war to curb inflation
June 23, 2022 07:47 AM PDT| By Mridul GogoiGlobal race to boost individual currencies to combat inflation will unleash a mayhem in world economy.
Powell hints at possible recession as soft landing is 'challenging'
June 22, 2022 12:45 PM PDT| By Mridul GogoiHighlights,:,Fed Reserve chair Jerome Powell said a recession is a probability as a soft landing is difficult.,The Central Bank chair said steep rate hikes are justified to rein in inflation.,Similar rate hikes of up to 75 basis points likely in July...
Australia provides monetary support to crisis-hit Sri Lanka
June 21, 2022 11:09 AM PDT| By Aditi SarkarSri Lanka's economic crisis is turning worse day by day with a shortage of food, health, fuel and power supply. Recently, Australia has pledged to provide AU$50 million in Official Development Assistance to Sri Lanka to meet its urgent food and healt...
Three issues need to be fixed for Twitter deal to go ahead: Musk
June 21, 2022 10:34 AM PDT| By Mridul GogoiElon Musk said three vital issues need to be settled first for the Twitter takeover to happen.
US to observe inaugural Juneteenth federal holiday on Monday
June 19, 2022 11:04 AM PDT| By Mridul GogoiHighlights: US will commemorate Juneteenth as a Federal holiday for the first time on June 20, Monday. Juneteenth is observed to celebrate the emancipation of the enslaved African Americans. The Juneteenth act was passed by President Joe Biden a...
US mid-term polls in a year marred by inflation, fear of recession
June 17, 2022 08:57 AM PDT| By Mridul GogoiHighlights: US mid-term elections on November 8, 2022, will be a litmus test for President Biden. A Republican dominance will trouble the Biden administration in dealing with the current economic woes. The Ruling party generally fares badly in.....
Musk warns rescinding Twitter deal over fake accounts in fresh salvo
June 06, 2022 11:18 AM PDT| By Mridul GogoiHighlight:s Elon Musk criticizes Twitter (TWTR) for blocking his RTI on fake accounts. Last week, Musk created a furor by announcing 10% job cuts in Tesla. Musk’s US$44 billion Twitter deal is cleared by US Justice Department. After.....
World Environment Day: Green investments that can earn you some green
June 05, 2022 11:36 AM PDT| By Mridul GogoiHighlights: The focus should be on less use of fossil fuels to generate electricity to run our industries and homes. Eco-friendly investments we should thrive on to earn and contribute to the environment. Green investing considers reducing pol.....
Travel insurance: Things you should know before buying one
June 05, 2022 11:04 AM PDT| By Mridul GogoiHighlights: Travel insurance should not be mistaken for normal health insurance by travelers. Getting a refund is not easy despite having travel insurance. Always read carefully about the coverage details and do not assume. One element in.....
Biden wishes Musk ‘luck’ on trip to the moon after his job cut plans
June 03, 2022 04:26 PM PDT| By Mridul GogoiTesla Inc (Nasdaq: TSLA) chief Elon Musk said that he wants to cut 10% of company employees, noting that he has a “super bad feeling” about the economy that forced him to take the decision. To a Reuters query about his comments, US Pre.....
Facebook parent drops FB symbol, to trade under META ticker from June 9
June 01, 2022 01:00 PM PDT| By Mridul GogoiHighlights: Meta Platforms Inc. will adopt a new ticker symbol META before the market opens on June 9, 2022. Formerly known as Facebook, it changed its name to Meta Platforms Inc. in 2021. Meta shares shrunk by more than one-third in value, un.....
RedBird to buy Italian soccer club AC Milan in US$1.3 bn deal
June 01, 2022 10:32 AM PDT| By Mridul GogoiHighlights: US investment firm RedBird Capital Partners to own Italian soccer champions AC Milan in a US$1.3 billion deal. RedBird Capital Partners is likely to close the deal in September this year. Current owner, Elliott Management will als.....
Biden admin to infuse US$2.1 bn to bolster US food supplies
June 01, 2022 10:17 AM PDT| By Mridul GogoiThe Biden administration will announce more than US$2.1 billion on Wednesday to bolster the country's crumbling food supply system. The Covid-19 pandemic and the Russian invasion of Ukraine have badly hit the food supply and needed an urgent shot i.....
Oil surges to two-month high as China relaxes Covid lockdowns
May 31, 2022 07:20 AM PDT| By Mridul GogoiOil prices increased to their highest level in two months on Monday after China announced an easing of Covid-19 lockdowns. China’s main financial hub Shanghai has been under strict Covid-19 lockdowns for weeks. Shanghai Vice Mayor Wu Qing an.....
Memorial Day sales: Offsetting soaring prices in an inflationary market
May 30, 2022 10:17 AM PDT| By Mridul GogoiHighlights: Memorial Day is celebrated to pay tribute to the martyred soldiers. Memorial Day weekend is also one of the biggest shopping holidays of the year. Memorial Day is also called Decoration Day. Memorial Day weekend kicks off .....
Who were the highest-paid male CEOs in US in 2021?
May 27, 2022 01:46 PM PDT| By Mridul GogoiA survey conducted by AP that covered 340 executives at the S&P 500 companies, unveiled that CEO salaries rose to a median of US$14.5 million in 2021. The surveyed executives have at least served two full consecutive years at their organization.....
