world
-
May 17, 2022 08:13 AM ISTFDA and Abbott reach agreement on baby formula to try to ease shortage
The FDA said it expected Abbott to restart production in about two weeks. The agreement stems from a US Department of Justice complaint and consent decree with the company and three of its executives
-
May 17, 2022 07:40 AM IST A crypto first? What happens when a blockchain like Terra dies
Along the way, incentives for various parties to support the chain evaporated, sending the ecosystem that nurtured more than 110 applications connected with more than 4 million digital wallets into disarray.
-
May 17, 2022 07:38 AM IST World’s top enabler of Financial Secrecy is the United States
That’s according to research by the Tax Justice Network, which ranked countries by the extent their financial and legal systems help people and entities conceal ownership of assets.
-
May 17, 2022 07:34 AM IST Warren Buffett exits Wells Fargo stake, ending decades-long bet on bank
The billionaire investor ended his long-running bet on Wells Fargo during the first quarter, according to a filing Monday from his Berkshire Hathaway Inc. Berkshire also reported new stakes in banking giant Citigroup Inc. and in auto lender Ally Financial Inc.
-
May 17, 2022 07:15 AM IST Elon Musk sees US as ‘probably’ in recession lasting up to 18 months
“These things pass and then there will be boom times again,” Musk told the All-In Summit in Miami Beach, according to a live-streamed video of his remarks posted by a Twitter user. “It’ll probably be some tough-going for, I don’t know, a year, maybe 12-18 months.”
-
May 17, 2022 07:10 AM IST Dollar knocked from 20-year high; yuan slide pauses
The greenback has edged from a two-decade high this week and was a touch softer across the board in early Asia trade, while U.S. bond yields have pulled back slightly as traders reckon aggressive near-term hikes will drag on longer-run U.S. growth.
-
May 17, 2022 06:52 AM IST Wheat importers in Asia scramble for supplies after Indian export ban
Importers, especially those in Asia, were banking on wheat from India, the world's second-biggest producer, after exports from the Black Sea region plunged following Russia's Feb. 24 invasion of Ukraine.
-
May 17, 2022 06:42 AM IST Elon Musk suggests that he could seek to cut price for Twitter buy
Elon Musk, who on Friday said his $44 billion deal to buy Twitter was on hold pending information on spam accounts, said that he suspects they make up at least 20% of users - compared to Twitter's official estimates of 5%.
-
May 17, 2022 06:35 AM IST Shanghai reports 77 symptomatic, 746 asymptomatic COVID cases for May 16
There were zero cases found outside quarantined areas, same as reported a day earlier. The city reported one new COVID-19 related death, compared with four a day earlier.
-
May 17, 2022 06:34 AM IST Beijing reports 43 new symptomatic COVID cases, 9 asymptomatic cases
The city also reported nine asymptomatic cases of COVID-19 for May 16, down from 15 a day earlier.
-
May 17, 2022 06:32 AM IST North Korea mobilises army, steps up tracing amid COVID wave
The isolated country is grappling with its first acknowledged COVID-19 outbreak, which it confirmed last week, fuelling concerns over a major crisis due to a lack of vaccines and adequate medical infrastructure.
-
May 17, 2022 06:31 AM IST Intel shareholders reject compensation packages for top executives
About 1.78 billion votes were cast against executive compensation at the annual meeting, Intel said, though the vote is non-binding. About 921.2 million votes were cast in favor.
-
May 17, 2022 06:26 AM IST 'America better positioned to lead the world in 21st century', Joe Biden tells Indian American
Our country faces many challenges, and the road we will travel together will be one of the most difficult in our history. Despite these tough times, I have never been more optimistic for the future of America.
-
May 17, 2022 06:23 AM IST Jeff Bezos and Joe Biden spar over corporate taxes and inflation
The White House quickly retorted Monday that Bezos opposes an economic agenda for the middle class. And then Bezos fired back, arguing that the Biden administration would have made inflation worse if its $3.5 trillion economic and social spending bill, known as Build Back Better, had made it into law.
-
May 16, 2022 10:43 PM IST Oil prices rise on China demand optimism, gasoline strength
Brent crude rose $1.34, or 1.2%, at $112.89 a barrel at 12:10 p.m. EDT (1710 EDT) 1342 GMT, while U.S. West Texas Intermediate (WTI) crude rose $2.22, or less than 0.1%, to $$112.71 a barrel.
-
May 16, 2022 08:43 PM IST Wall Street falls as growth stocks, glum China data weigh
Nine of the 11 major S&P sectors declined in morning trade. Technology and consumer discretionary stocks fell 1.6% and 1.8%.
-
May 16, 2022 08:42 PM IST In rebirth for NATO, Europe unites in face of Putin’s ambition
Because the Finnish and Swedish militaries are already well integrated with NATO, one reason the application process may go quickly, the immediate impact of the countries’ change of strategic course in light of Russia’s invasion of Ukraine will be less practical than political.
-
May 16, 2022 08:31 PM IST Setbacks in East force Russia to scale back ambitions
Ukrainian forces, buoyed by Western weapons and financial support, have mounted a fierce counteroffensive in the northeast of the country, pushing Russian forces away from the city of Kharkiv and allowing thousands of residents to return.
-
May 16, 2022 08:22 PM IST US deaths from COVID hit 1 million in less than 2 1/2 years
The confirmed number of dead is equivalent to a 9/11 attack every day for 336 days.
-
May 16, 2022 08:06 PM IST Newly-appointed PM Wickremesinghe says his aim is to save crisis-hit Sri Lanka, not a family
Wickremesinghe was appointed as Sri Lanka’s 26th prime minister on Thursday as the country was without a government since Monday when prime minister Mahinda Rajapaksa resigned
-
May 16, 2022 07:54 PM IST Sri Lanka stumbles towards its first default on foreign debt
The island nation could be formally declared in default if it fails to make an interest payment to bondholders before Wednesday, when the 30-day grace period for missed coupons on dollar bonds ends. That would mark its first default.
-
May 16, 2022 07:51 PM IST Sri Lanka down to last day of petrol, PM Wickremesinghe tells crisis-hit nation
"At the moment, we only have petrol stocks for a single day. The next couple of months will be the most difficult ones of our lives," he said.
-
May 16, 2022 07:46 PM IST Sri Lanka crisis | Govt plans to sell national airline to check losses
The government proposes to privatise Sri Lankan Airlines, Prime Minister Ranil Wickremesinghe said in a televised address to the nation Monday.
-
May 16, 2022 06:55 PM IST Sweden to apply for NATO membership: PM Magdalena Andersson
"The government has decided to inform NATO that Sweden wants to become a member of the alliance. Sweden's NATO ambassador will shortly inform NATO," Andersson said.
-
May 16, 2022 05:19 PM IST How Buffalo suspect’s racist writings reveal links to other attacks
Experts in far-right extremism have often cautioned that giving too much public attention to writings like the one produced by the accused Buffalo gunman, Payton S. Gendron, helps to accomplish their stated aims of promoting vile and dangerous ideas and fomenting violence.
