On Monday, April 25, 2022, the Japanese stock market concluded the day sharply lower, extending a two-day losing streak, taking a bad lead from Wall Street Friday amid mounting fears of a larger interest rate hike by the United States Federal Reserve. The 225-issue Nikkei Stock Average fell 514.48 points, or 1.9 percent, to 26,590.78 … Read more
Dollar strength, fueled by the US Fed’s hawkish stance, pushes the rupee down to 76.65. In early trade, the rupee has dropped 23 paise to 76.65 against the dollar. The rupee fell on Monday, tracking a larger sell-off in risk assets in the wake of the US Federal Reserve’s hawkish statements, which signalled a more … Read more
On Monday, global stock markets tumbled dramatically as fears of fresh Chinese lockdowns compounded to worries about the global economy’s health. China’s benchmark stock index fell the most in a single day since February 2020, after Beijing’s largest district initiated mass Covid-19 testing in response to an increase in infections in the capital. The CSI … Read more
KARACHI: The economy is stuck in a vicious cycle, with a balance of payments crisis every few years. Despite the fact that the administration has changed, the economic issues have not changed. The economic issues are exacerbated by currency exchange rate volatility, a growing current account deficit, and fiscal challenges at a time when political … Read more
Former President Donald Trump was found in contempt of court by a New York judge on Monday for failing to produce papers subpoenaed in the state attorney general’s civil investigation into his business practises. Trump was fined $10,000 per day until he complied. Trump lost his appeal to have a subpoena issued by state Attorney … Read more
North Korea has test-fired a new weapons system under the supervision of leader Kim Jong Un, which the country claims would improve the effectiveness of its tactical nuclear bombs, according to official media. The “new-type tactical guided weapon… is of great significance in drastically improving the firepower of frontline long-range artillery units and enhancing the … Read more
WASHINGTON – Police in Washington were investigating what prompted a guy with “sniper-type” armament to shoot passers-by from an apartment block, as well as whether a violent video the perpetrator allegedly recorded during the event was genuine. The terrifying incident in an upscale area left four individuals injured. As highly armed officers in tactical gear … Read more
MUMBAI, India, 25 April (Reuters) – After Indonesia’s unexpected palm oil export embargo drove buyers to seek alternatives, which were already in low supply due to harsh weather and Russia’s invasion of Ukraine, global edible oil consumers have little choice but to pay top dollar for supplies. Industry experts believe that the world’s largest palm … Read more
A guy set himself on fire in front of the United States Supreme Court on Friday night, according to a court official, who stressed that there was no danger to the public. Wynn Bruce, of Boulder, Colorado, was identified by the Metropolitan Police Department. He died from his injuries on Saturday, according to authorities. The … Read more
The inflation fear that has dominated most of the financial landscape this year continues to startle markets in fresh ways. On Monday, investors became alarmed by the prospect of China shutting down Beijing, a city of more than 20 million people, adding to concerns about supply constraints that are keeping prices high. Following a drop … Read more
PARIS – Emmanuel Macron promised to heal profound divisions in France as he claimed a convincing victory over Marine Le Pen in the presidential election, recognising that many people voted for him just to defeat his far-right opponent. With all eyes on a parliamentary election in June, he must now navigate another difficult campaign phase … Read more
KYIV – In their first official visit to Ukraine since Russia’s invasion two months ago, the US’s top diplomat and defence secretary offered further military aid, including modern weapons, as well as the return of US envoys to Kyiv. Secretary of State Antony Blinken and Secretary of Defense Lloyd Austin met Ukrainian President Volodomyr Zelenskiy … Read more
After condemning airstrikes it claims were carried out by Pakistan, Afghanistan’s acting defence minister said on Sunday that the Taliban government will not allow “invasions” from its neighbours. The remarks came after the Taliban leadership blamed Pakistan for airstrikes that killed scores of people in Kunar and Khost districts, according to officials. Pakistan has denied … Read more
Iran demanded a fresh meeting “as soon as possible” in the Vienna talks aimed at reviving its shattered 2015 nuclear accord with major nations on Monday. Iran has been in direct and indirect talks with the United Kingdom, China, France, Germany, and Russia to resurrect the so-called Joint Comprehensive Plan of Action (JCPOA). “A face-to-face … Read more
Since their private 15-minute meeting last week, Prince Charles is said to be back at square one with son Prince Harry, who he hasn’t’spoken to’ since the encounter, according to The Mirror. Last Thursday, Prince Harry and his wife Meghan Markle stopped in Windsor, United Kingdom, on their route to the Invictus Games in … Read more
On Wednesday, an early-morning hot air balloon excursion over Melbourne turned out to be more eventful than imagined when it crashed onto an apartment rooftop. No one was hurt in the incident, which was captured on video by passenger Jayde Magookin as he and 12 others were thrown over roofs and treetops. The … Read more
International Monetary Fund’s projection of India’s 8.2% GDP growth is 0.8% lower than its projection in January. In FY24, GDP is projected to grow by 6.9% The International Monetary Fund (IMF) decreased its global economic prediction for 2022 to 3.6 percent, down from 6.1 percent in 2021, due to the slowing development of the world’s top … Read more
The Earl and Countess of Wessex’s Caribbean holiday has been postponed, just one day before the start of their week-long journey. Buckingham Palace says the decision was reached after discussions with the island’s administration and governor general. Other islands will be visited by Prince Edward and Sophie as part of the tour to … Read more
NIGERIA: An explosion at an illegal oil refinery plant on the border of Nigeria’s Rivers and Imo states killed more than 100 people overnight, according to a local government official and an environmental group. “The fire broke out at an illegal bunkering site, affecting over 100 persons who were burned beyond recognition,” said Goodluck Opiah, … Read more
According to The Daily Star, Prince Harry may feel like the United States is now his home, but his California neighbours do not. After stepping down as senior royals in the United Kingdom in 2020, Meghan and Harry moved to Montecito, California, with their two children, Archie and Lilibet. Harry recently told NBC News’ Hoda … Read more
ISTANBUL – Turkish Foreign Minister Mevlut Cavusoglu was quoted in local media on Saturday as stating that Turkey had closed its airspace to Russian civilian and military planes travelling to Syria. The announcement is one of Turkey’s most forceful replies to Russia’s two-month military attack on Ukraine to date. Despite being a member of the … Read more
As expectations for a weekend truce dimmed, Ukraine said it will try again on Saturday to evacuate civilians from Mariupol, the devastated port city mostly controlled by Russian forces. Separately, on Saturday, a Russian strike in Odessa, on the Black Sea, killed at least five people, including a newborn, and injured 18 others, according to … Read more
LONDON – Kashmiris and their supporters protested in London on Sunday against Prime Minister Narendra Modi’s first visit to Indian Illegally Occupied Jammu and Kashmir (IIOJK) since New Delhi imposed draconian security restrictions nearly three years ago. “Kashmiris condemn Modi’s visit to IIOJK when innocent, unarmed Kashmiris are imprisoned in the world’s largest open-air prison,” … Read more
Air India would no longer be given first priority when it comes to obtaining foreign traffic rights. This follows Tata Sons’ acquisition of the company in January. In updated rules announced on April 19, the Directorate General of Civil Aviation removed a section that provided Air India an advantage over other commercial airlines. The rules … Read more
COLOMBO: Sri Lanka’s severe shortages of food, gasoline, and life-saving medications would worsen unless an international bailout is arranged, the country’s finance minister warned on Friday, as inflation touched a new high. Ali Sabry, who is in Washington for discussions with international lenders, said that while an IMF rescue could take months, he was looking … Read more
KYIV, Ukraine – The United States’ top diplomat and defence commander are expected to visit Kyiv on Sunday for the first time since Russia invaded Ukraine two months ago, with fierce fighting raging in the country’s east. Secretary of State Antony Blinken and Defense Secretary Lloyd Austin’s visit comes as the war enters its … Read more
For the first time in more than two years, Hong Kong will allow non-residents to enter the financial hub in May, a modest step toward easing the city’s stringent coronavirus restrictions, which have transformed it into one of the world’s most isolated places. The government of Hong Kong announced in a statement on Friday … Read more
A royal specialist reveals Camilla Parker’s crumbling relationship with her step-son William. According to Robert Jobson, the Duke of Cambridge, who will turn 40 in the coming months, has had his share of clashes with future Queen Consort Camilla. Jobson writes in his Dail Mail column that William fails to realise that he is at … Read more
