Fri, 27 Jan 2023

Ireland had highest EU budget surplus in third quarter 2022

DUBLIN, Ireland: Ireland reported a higher budget surplus than any other country among the 27-member European Union for the third ...

As yearly output declines, experts say US manufacturing in recession

WASHINGTON D.C.: Based on a range of measurements, US manufacturing could have entered a recession in the fourth quarter of ...

US Wolfspeed to build $2.17 billion chip factory in Germany

FRANKFURT, Germany: German media has reported that American power chipmaker Wolfspeed Inc is planning to build a factory in Germany, ...

Japan employers agree with prime minister to raise wages

TOKYO, Japan: More than half of major Japanese companies are planning to raise wages this year, after Prime Minister Fumio ...

Taiwan Q4 GDP plunges to lowest in 13 years

TAIPEI, Taiwan: Highlighting its worst performance in 13 years, Taiwan's trade-dependent economy contracted in the fourth quarter, affected by declining ...

US December retail sales drop to lowest level in one year

WASHINGTON D.C.: In December, US retail sales recorded its largest drop in one year, due to lower purchases of motor ...

US Economy Showed Solid Growth at End of 2022

Washington - The U.S. economy cooled only slightly at the end of last year, advancing at an annualized 2.9% rate, ...

UN report labels China a bright spot

The economic forecast for Beijing is moderate, but better than the 'sharply deteriorated? outlook for the EUChina will outpace Western ...

World Bank: Afghan Revenue Collection, Exports Remain Strong

Islamabad - The World Bank has delivered a surprisingly upbeat assessment of the Afghan economy in the first nine months ...

US dollar gains strength as Chinese Yuan depreciates amid its shrinking economy

Beijing [China], January 26 (ANI): The attempts by Beijing to dethrone the US dollar as the global currency and replace ...

ChatGPT: Why education should embrace the AI chatbot, not shun it

Just under two months ago, the US artificial intelligence company OpenAI introduced a program called ChatGPT. Essentially an advanced chatbot, ...

Myanmar's Opium Production Said to be Surging After Years of Decline

BANGKOK - Myanmar's farmers are flocking back to opium poppy cultivation amid rising prices for the contraband crop and an ...

IBM to cut 3,900 jobs amid broader tech slowdown: WSJ

New York [US], January 26 (ANI): The International Business Machines (IBM) has joined the wave of companies conducting layoffs, saying ...

Strikes: how rising household debt could slow industrial action this year

After decades of declining real wages and deteriorating working conditions, strike activity has spiked over the last year, particularly in ...

Bank of Canada hikes policy interest rate by 25 basis points

© Provided by Xinhua Inflation is projected to come down significantly this year. Lower energy prices, improvements in global supply ...

IMF Chief Praises Zambia's Reforms, Pushes Creditors on Debt

Lusaka - The head of the International Monetary Fund is praising Zambia's efforts to reform its economy and urging its ...

Analysts Question Charges Against Nigeria's Central Bank Chief

Abuja - Nigeria's secret police are investigating Central Bank Governor Godwin Emefiele for alleged financial crimes, financing terrorism, and graft. ...

China's lending debacle: Development loans hit 13-year low

Beijing [China], January 25 (ANI): China is the world's largest bilateral lender, however, the loans committed by them to 100 ...

Challenges revolving investigation of cryptocurrency-related cases discussed at DGs conference

By Saurabh TrivediNew Delhi [India], January 25 (ANI): Challenges and way out in the investigation of cases related to cryptocurrencies ...

China: Natural gas shortage, cold temperature make winter unbearable for residents

Beijing [China], January 25 (ANI): The shortage of natural gas and the cold wave in China are making the winter ...

Cheaper Chinese drones helping Beijing in informatised warfare: Report

Beijing [China], January 25 (ANI): The cheaper going rates of Chinese drones makes them the first preference for countries that ...

Ghana's domestic debt restructuring has stalled: four reasons why

Ghana is facing multiple financial and economic challenges and has requested a US$3 billion bailout from the International Monetary Fund ...

Microsoft services including Teams, Outlook face major outage

New Delhi [India], January 25 (ANI): American tech giant Microsoft's services including Teams, Outlook, Azure, and Microsoft 365, went down ...

Argentina running out of space to store banknotes Bloomberg

The peso is rapidly depreciating as inflation in the country approaches 100%Banks in Argentina are suffering from a shortage of ...

Digital yuan in circulation hits 13.61 bln yuan

© Provided by Xinhua BEIJING, Jan. 25 (Xinhua) -- The amount of digital yuan in circulation reached 13.61 billion yuan ...

Microsoft posts 12 pc drop in quarterly profit

Redmond (Washington) [US], January 25 (ANI): Microsoft Corporation has announced that its profit went down 12 per cent year-on-year to ...

Washington understands impact of job cuts: White House on job cuts in major US IT companies

Washington [US], January 25 (ANI): As mass lay offs have become a trend in the US this season, especially in ...

Farmers Insurance Open: Preview, Props, Best Bets

The 13th FedEx Cup event of the 2022-23 PGA Tour season is the Farmers Insurance Open, which begins Wednesday at ...

Jon Rahm: Third straight win 'on my mind' at Torrey Pines

Jon Rahm is playing lights-out golf and believes he can play even better. The Spanish star, up to No. 3 ...

Ahead of polls, Pak govt scared of losing popularity due to IMF deal

Islamabad [Pakistan], January 25 (ANI): Pakistan is currently under the grip of a massive economic crisis, as a result of ...

China spying on you through smart bulbs, fridges, cars and credit cards

Beijing [China], January 24 (ANI): China is watching you via smart bulbs, fridges, cars and credit cards by "weaponizing" microchips ...

International Monetary Fund demands more details on Pakistan's budget

Islamabad [Pakistan], January 24 (ANI): Ahead of the beginning of virtual negotiations, the International Monetary Fund (IMF) requested additional information ...

Pakistan Restores Power but Cause of Breakdown Remains Mystery

Islamabad - Pakistan announced Tuesday that electricity had been restored to much of the country of an estimated 220 million ...

Pakistan may head towards bankruptcy: report

Islamabad [Pakistan], January 24 (ANI): With over 8,500 containers still stuck up at the seaports of Pakistan, the concerns reached ...

Pharmaceutical companies in Pakistan struggling to replenish supplies amid economic crisis: Report

Islamabad [Pakistan], January 24 (ANI): The pharmaceutical industry in Pakistan is struggling to replenish its supplies amid a shortage of ...

Microsoft investing billions in company behind ChatGPT: CNN report

Redmond (Washington) [US], January 24 (ANI) Microsoft has confirmed it is making a "multibillion dollar" investment in OpenAI, the company ...

RBI slaps Rs 26-lakh penalty on Nutan Nagarik Sahakari Bank

Mumbai (Maharashtra) [India], January 24 (ANI): The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 26 ...

Golf Glance: Jon Rahm seeks rare trifecta at Torrey Pines

Field Level Media's Golf Glance provides weekly news and storylines from each of the major North American golf tours. PGA ...

Spotify Announces Plan to Lay Off 6% of Workforce

Spotify CEO Daniel Ek announced Monday that the company plans to lay off about 6% of its workforce, or roughly ...

Gross banks' assets exceed AED 3.63 trillion by end-November 2022: CBUAE

ABU DHABI, 23rd January, 2023 (WAM) -- The Central Bank of the United Arab Emirates (CBUAE) announced that Gross banks' ...

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US moving towards offering annual Covid vaccines to most Americans

WASHINGTON D.C.: As part of its efforts to simplify the national COVID-19 vaccine strategy, the US Food and Drug Administration ...

December crossings of US border set record

WASHINGTON D.C.: US authorities said this week that a surge in Cubans and Nicaraguans arriving at the US border with ...

Officials cautious as lower mortgage rates increases home buying

WASHINGTON D.C.: In December 2022, US existing home sales declined to a 12-year low, but lower mortgage rates raised cautious ...

Hawaii mourns death of last island princess

HONOLULU, Hawaii: The casket bearing Abigail Kinoiki Kekaulike Kawananakoa, long considered the last Hawaiian princess, has gone on public viewing ...

As yearly output declines, experts say US manufacturing in recession

WASHINGTON D.C.: Based on a range of measurements, US manufacturing could have entered a recession in the fourth quarter of ...

After climbing onto roof, five inmates breakout of Missouri prison

ST. LOUIS, Missouri: Missouri police report that all five prisoners who escaped last week from St. Francois County Detention Center ...

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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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