Finance
Twitter adopts ‘poison pill’ mechanism to shield itself from Elon Musk’s takeover bid

Washington [US], April 16 (ANI): Twitter’s board of directors has unanimously adopted a limited-duration shareholder rights plan called a “poison pill” — a corporate anti-takeover defense mechanism — that may thwart Tesla Chief Elon Musk’s attempts to acquire the social media company. The Board adopted the Rights Plan following an unsolicited, non-binding proposal to acquire […]

Updated: Apr 15, 2022
US stocks sink on Fed jitters, Nasdaq drops 293 points, Dow Jones 113

NEW YORK, New York – U.S. stock markets ignored gains in Asia and Europe and fell across the board Thursday. Spooked by a sudden rise in U.S. Treasury yields after two days of declines, and global moves to hike official interest rates, investors sold U.S. stocks off. The U.S. dollar made sharp gains, reversing earlier […]

Updated: Apr 14, 2022
South Sudan Facing its Worst Food Crisis on Record

Geneva – The United Nations warns a record 7.74 million people, or two-thirds of South Sudan’s population, are likely to face hunger during this year’s lean season between May and July. This is the dangerous period between planting and harvesting when food stocks are at their lowest. Among the millions at risk of hunger are […]

Updated: Apr 13, 2022
U.S. stocks do U-turn after shock CPI data, Dow Jones drops 88 points

NEW YORK, New York – Positive gains on U.S. stock markets evaporated in late trading Tuesday, with all indices plummeting to finish in the red. The Consumer Price Index for last month was revealed at 1.50 percent, the largest monthly increase in nearly 17 years. “Inflation is still a really big part of the macro […]

Updated: Apr 12, 2022
No domain in which India-US not cooperating, says Jaishankar at 22 Ministerial Dialogue

Washington [US], April 12 (ANI): External Affairs Minister S Jaishankar on Monday (local time) said there is no domain in which India and the US are not cooperating and the nature of our opportunities and challenges are such that they are more effectively addressed through a cross-cutting dialogue. Speaking at US-India 22 Ministerial Dialogue, Jaishankar […]

Updated: Apr 11, 2022
Woman behind Schindler’s lists dies at 107

Mimi Reinhardt, secretary of Oskar Schindler, helped him save Jews during the Holocaust Mimi Reinhardt, who helped German industrialist Oskar Schindler compile his famous lists that saved hundreds of Jews during the Holocaust, has passed away at the age of 107. Born in Austria, Reinhardt was Jewish herself, and was employed by Schindler, working as […]

Updated: Apr 10, 2022
Panic selling of Chinese bonds by foreign investors

Beijing [China], April 9 (ANI): Foreign investors reduced their holdings of Chinese bonds by more than USD 15 billion in March, a record high and the largest withdrawal from China in a single month. It was the second month in a row that foreign investors sold Chinese bonds. Massive outflows from China will continue in […]

Updated: Apr 9, 2022
‘Sociopathic grandpa from Omaha’ is Bitcoin’s enemy No. 1 tech guru

PayPal co-founder Peter Thiel calls Warren Buffett, Jamie Dimon and Larry Fink enemies of crypto PayPal co-founder and billionaire venture capitalist Peter Thiel has accused some of the most prominent American financial figures of trying to lock cryptocurrencies out of the mainstream. Speaking at the Bitcoin 2022 conference in Miami Beach on Thursday, Thiel said […]

Updated: Apr 8, 2022
Israel finalizes deal to privatize national postal service

JERUSALEM, April 7 (Xinhua) — The Israeli government said on Thursday that it has reached a deal with the workers of the state-owned Israel Post on the company’s recovery plan and privatization process. The recovery plan, which came more than three months after the government announced full privatization of Israel Post, includes layoffs and retirements […]

Updated: Apr 7, 2022
US crude, diesel stocks up last week amid signs of demand destruction in oil: EIA

Washington [US], April 7 (ANI/Sputnik): US crude oil inventories rose last week for the first time in three weeks while stockpiles of distillates, which provide the diesel for trucks, buses and trains and fuel for jets, climbed a second week in a row, data from the Energy Information Administration (EIA) showed Wednesday. The increases raised […]

Updated: Apr 6, 2022