Thursday, December 26, 2024

BUSINESS/ECONOMY

UK slips into recession derailing Sunak’s pledge to generate growth

London, Feb 15 (IANS) The UK has slipped into recession just months ahead of a general election, official figures showed on Thursday, derailing Prime...

Jeff Bezos sells Amazon shares worth over $4bn

San Francisco, Feb 14 (IANS) Amazon founder Jeff Bezos has sold 24 million shares of the company in recent days worth more than $4...

Tesla Cybertruck owners complain of rust-related issues

San Francisco, Feb 14 (IANS) Several owners of Tesla Cybertruck are complaining about potential rust-related issues when it comes to the vehicle’s exterior. One member...

US inflation touches 3.1% leaving doubts over rate cuts

New York, Feb 14 (IANS) Inflation in the US, which cooled in January, rose again exceeding Wall Street’s expectations, signalling that the Federal Reserve...

US stocks tumble on inflation data

New York, Feb 13 (IANS) US stocks tumbled on Tuesday after fresh data revealed that inflation eased somewhat, but stayed stubborn in January. This comes...

Tesla trims Model Y prices in US amid rising competition from China

San Francisco, Feb 12 (IANS) Elon Musk-run Tesla has temporarily slashed the prices of some of its Model Y vehicles in the US through...

Musk plans to discontinue phone number, use X for texts and calls

New Delhi, Feb 9 (IANS) Tech billionaire Elon Musk on Friday said that he plans to discontinue his phone number and use only social...

India’s foreign exchange reserves jump by $5.7bn

Mumbai, Feb 9 (IANS) India’s foreign exchange reserves jumped by $5.7 billion to $622.5 billion for the week ended February 2, RBI data released...

What the Modi govt’s White Paper says on UPA’s ‘fragile’ economy

New Delhi, Feb 8 (IANS) The BJP-led National Democratic Alliance (NDA) government on Thursday presented a White Paper on Indian Economy to draw a...

Mexico overtakes China as the top exporter of goods to US

New York, Feb 8 (IANS) For the past two decades, the US imported more goods from China than all other nations. That's no longer...