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International Business

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Chip shortage causes GM to store 95,000 incomplete cars

DETROIT, Michigan, global shortage of computer chips, vehicles, Detroit automaker, General Motors, GM's total salesDETROIT, Michigan: The global shortage of ...

To prevent fuel price hikes, India sets windfall tax on oil producers

NEW DELHI, India: As the Indian government aims to increase local fuel supplies to meet rising demand and boost federal ...

Exxon tells shareholders to expect $16 billion Q2 profits

HOUSTON, Texas: Exxon Mobil Corp said this week that profits from skyrocketing fuel prices could result in a record $16 ...

IKEA says store inventories return to pre-Covid levels

DELFT, Netherlands: IKEA officials said this week that the furniture retailer's warehouses in Europe are as full as they were ...

21 percent six-month loss strips S&P 500 of $8 trillion in value

NEW YORK CITY, New York: After the first six months of 2022, the S&P 500 recorded a loss of 20.6 ...

Washington reports US economy falls 1.6 percent in Q1 2022

WASHINGTON D.C.: Due to the record high trade deficit and a resurgence in COVID-19 infections that curbed spending on services, ...

Car turns over, catches fire: One killed, another seriously injured

OREGON, USA - In the United States, one man was killed, and another was seriously injured when their car flipped ...

Airbnb announces worldwide ban on parties held in rentals

SAN FRANCISCO, California: In response to a string of shootings that have broken out at U.S. properties it lists, rental ...

New Zealand boycotts counter-terrorism meeting co-chaired by Myanmar, Russia

WELLINGTON, New Zealand - New Zealand has decided not to attend an upcoming counter-terrorism meeting co-chaired by the militaries of ...

PM extends greetings to U.S. people, government on 246th Independence Day

ISLAMABAD, Pakistan - On the occasion of the country's 246th Independence Day, Prime Minister Shahbaz Sharif expressed his government's eagerness ...

Exxon tells shareholders to expect $16 billion Q2 profits

HOUSTON, Texas: Exxon Mobil Corp said this week that profits from skyrocketing fuel prices could result in a record $16 ...

Ireland rally energizes anti-abortion protesters following US decision

DUBLIN, Ireland: Thousands of Irish anti-abortion protesters attended a Dublin rally this weekend to show their support for the recent ...