Sat, 22 Feb 2025

Bundesbank chief warns US tariffs could hurt Germany for years

Germany at particular risk from US tariffs, Bundesbank warns

FRANKFURT, Germany: Germany faces significant economic risks from potential U.S. trade tariffs, which could dampen growth for years...

Banking sector to witness subdued PAT growth of 6% in FY25, 4% in FY26: Report

Banking sector to witness subdued PAT growth of 6% in FY25, 4% in FY26: Report

New Delhi [India], February 21 (ANI): The banking sector is expected to see a subdued profit after tax (PAT) growth of 6 per cent in...

Amid tariff uncertainties, Gold outperforms equities, bitcoins in 2025: Ventura Securities

Amid tariff uncertainties, Gold outperforms equities, bitcoins in 2025: Ventura Securities

New Delhi [India], February 20 (ANI): Demand for safe-haven asset gold is on the rise at a time when there's a lot of uncertainty surrounding...

Despite growth in economic activities Fed minutes signals rate cut on hold

Despite growth in economic activities Fed minutes signals rate cut on hold

New Delhi [India], February 20 (ANI): The Federal Open Market Committee (FOMC) remains focused on its dual mandate of maximum employment...

India set to become global aerospace hub with rising fleets and strong govt support: Report

India set to become global aerospace hub with rising fleets and strong govt support: Report

Mumbai (Maharashtra) [India], February 20 (ANI): The global avionics and advanced electronics systems market is expected to reach USD...

Tax relief to act as catalyst for Indian quick service restaurant businesses: Goldman Sachs

Tax relief to act as catalyst for Indian quick service restaurant businesses: Goldman Sachs

New Delhi [India], February 19 (ANI): The tax relief announced in the Union Budget will act as a catalyst for the quick service restaurant...

Banking sector faced Greater-Than-Expected pressure in Q3FY25: Report

Banking sector faced Greater-Than-Expected pressure in Q3FY25: Report

New Delhi [India], February 18 (ANI): The Indian banking sector experienced a more severe impact in the third quarter of FY25 than...

Bharat Tex showcases India's cultural diversity through traditional garments: PM Modi

Bharat Tex showcases India's cultural diversity through traditional garments: PM Modi

New Delhi [India], February 16 (ANI): Prime Minister Narendra Modi addressed the Bharat Tex 2025 at Bharat Mandapam in New Delhi on...

Bharat Tex becoming a strong platform for engagement, collaboration and partnership for industry leaders from across the world: PM

Bharat Tex becoming a strong platform for engagement, collaboration and partnership for industry leaders from across the world: PM

New Delhi [India], February 16 (ANI): Prime Minister Narendra Modi, while addressing the Bharat Tex 2025 on Sunday, highlighted how...

Bharat Tex 2025: PM emphasises authenticity of handlooms in age of technology

Bharat Tex 2025: PM emphasises authenticity of handlooms in age of technology

New Delhi [India], February 16 (ANI): Prime Minister Narendra Modi, participating in the Bharat Tex 2025, said that it is important...

India can turn 'fast fashion' waste into opportunity: PM Modi at Bharat Tex 2025

India can turn 'fast fashion' waste into opportunity: PM Modi at Bharat Tex 2025

New Delhi [India], February 16 (ANI): India's textile industry can turn 'fast fashion waste' into an opportunity, leveraging the country's...

Pick up in private Capex to improve loan growth from H2FY26: Report

Pick up in private Capex to improve loan growth from H2FY26: Report

New Delhi [India], February 16 (ANI): Despite witnessing tough conditions in the third quarter, loan growth will improve from the second...

Robust growth in industrial sector financing fuels economic diversification in UAE

Robust growth in industrial sector financing fuels economic diversification in UAE

ABU DHABI, 12th January, 2025 (WAM) -- The UAE's industrial sector has witnessed a significant surge in financing, driven by robust...

Hamdan bin Mohammed issues Resolution pertaining to foreign banks operating in Dubai

Hamdan bin Mohammed issues Resolution pertaining to foreign banks operating in Dubai

DUBAI, 26th December, 2024 (WAM) -- In his capacity as Chairman of The Executive Council of Dubai, Sheikh Hamdan bin Mohammed bin Rashid...

Impact of U.S. tariffs on Australian economy to remain "relatively small": central bank

CANBERRA, Feb. 21 (Xinhua) -- Australia is less vulnerable than other countries to the impact of U.S. tariffs, the country's central...

U.S. stocks close higher despite inflation concerns from FOMC minutes

NEW YORK, Feb. 19 (Xinhua) -- U.S. stocks ended slightly higher on Wednesday, despite the Federal Open Market Committee (FOMC) meeting...

Thai banking sector resilient amid loan contraction in Q4

BANGKOK, Feb. 18 (Xinhua) -- Thailand's banking sector has remained resilient in the final quarter of 2024, supported by robust levels...

Roundup: Australian central bank cuts interest rates for 1st time in over 4 years

SYDNEY, Feb. 18 (Xinhua) -- Australia's central bank on Tuesday cut interest rates for the first time in over four years. The board...

Britain's inflation rises 3 pct in January, defying predictions

LONDON, Feb. 19 (Xinhua) -- Britain's Consumer Prices Index (CPI) rose 3 percent year-on-year in January, up from 2.5 percent in December...

Australian wage growth falls to two-year low

CANBERRA, Feb. 19 (Xinhua) -- Australian wage growth has fallen to the lowest level in more than two years, official figures have revealed....

Australian PM says interest rate cut will not impact general election timing

CANBERRA, Feb. 19 (Xinhua) -- A long-awaited decision by Australia's central bank to cut interest rates will not influence the timing...

1st LD: Australia cuts cash rate to 4.1 pct

SYDNEY, Feb. 18 (Xinhua) -- Australia's central bank Tuesday cut interest rates by 25 basis points, bringing its official cash rate...

Chairman of Kuwait Banking Association: Promising opportunities in banking sector between UAE, Kuwait

DUBAI, 3rd February, 2025 (WAM) -- Sheikh Ahmad Duaij Al Sabah, Chairman of the Kuwait Banking Association, highlighted numerous promising...

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U.S. stocks tumble as Trump policies startle investors
U.S. stock markets sour, Dow Jones dives 749 points

NEW YORK, New York - Concerns over U.S. President Donald Trump's startling diversions from his country's long-held policies, and the...


Southwest Airlines cuts 1,750 corporate jobs in first-ever layoffs
Southwest Airlines slashes 15% corporate workforce, first in 15 years

DALLAS, Texas: Southwest Airlines is laying off 1,750 employees, or 15 percent of its corporate staff, in the company's first significant...


Australian central bank cuts interest rates for first time since 2020
Australian central bank cuts first benchmark interest rate since 2020

MELBOURNE, Australia: Australia's central bank has cut its benchmark interest rate for the first time in more than three years, signaling...


Brazil joins OPEC+ ahead of key UN climate summit
Brazil to join OPEC+, group of major oil-exporting nations

BRASILIA, Brazil: Brazil has officially approved joining OPEC+, aligning itself with the world's major oil-exporting nations just months...


U.S. stock markets in sharp retreat Thursday
Wall Street tumbles Thursday, Dow Jones dives 451 points

NEW YORK, New York - U.S. stocks fell sharply Thursday as profit-takers moved in to take the cream off the substantial gains that have...


China’s Xi Jinping reassures private sector on policy stability
China's Xi assures businesses, including Jack Ma, of country's stability

BANGKOK, Thailand: China's President Xi Jinping met with private sector leaders this week and assured them that the government's policies...


Featured story

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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