Live: Brooklyn subway shooting suspect arrested after manhunt, say reports

Live news updates: Of the 29 people who were hospitalized in connection with the subway shooting, 10 remain hospitalized: CNN.com.

10:52 PM

IMF, World Bank, WFP, WTO urge coordinated action on food security

The World Bank, International Monetary Fund, UN World Food Program and World Trade Organization on Wednesday called for urgent, coordinated action on food security, and appealed to countries to avoid banning food or fertilizer exports, Reuters reported. In a joint statement, the leaders of the four institutions warned that the war in Ukraine was adding to existing pressures from the Covid-19 crisis, climate change and increased fragility and conflict, threatening millions of people worldwide.

 

10:28 PM

JPMorgan CEO downbeat on economy, growth

JPMorgan Chase & Co's Chief Executive Jamie Dimon warned of economic uncertainties arising from Russia's invasion of Ukraine and soaring inflation, after first-quarter profits at the largest U.S. bank slumped 42%. JPMorgan had reported record profit during the first quarter last year, benefiting from a dealmaking boom after the Federal Reserve pumped liquidity into capital markets to mitigate the economic impact of the Covid-19 pandemic.

10:14 PM

78 out of 300 top listed firms disclosed net-zero carbon emission goals: Report

Of India’s top 300 listed companies, 78 disclosed their commitment to achieve net-zero carbon emission under their ESG provisions in the last three financial years, a report said on Wednesday. The report by Care Advisory Research and Training covered the corporate sustainability disclosures of these 300 companies across 11 key sectors. These companies have a combined market capitalisation of Rs 221 lakh crore or 90 per cent of the market cap of the top 1,000 listed firms, PTI reported.

9:55 PM

Hindu leader arrested for Sitapur hate speech

Police in Uttar Pradesh Police on Wednesday arrested a Hindu leader, days after he allegedly made a hate speech against Muslims and issued rape threats" in Sitapur. Bajrang Muni Das allegedly threatened Muslims on April 2.

9:37 PM

S&P cuts Sri Lanka rating on 'virtual certainty' of default

Sri Lanka was downgraded deeper into junk by S&P Global Ratings, which said the nation’s decision to suspend payments on its foreign debt has left a “virtual certainty of a default.” The country’s long-term foreign currency credit rating was cut to CC, the third-lowest level, from CCC by S&P on Wednesday, Bloomberg reported. 

8:54 PM

Yellen says global growth will take a hit from Ukraine war

Global economic growth will take a hit from Russia's war in Ukraine, US Treasury Secretary Janet Yellen said on Wednesday, noting that it had sent prices for food, energy and some metals sharply higher, fueling existing inflationary pressures. "It is likely to be a hit to global growth," Yellen told an event in Washington, adding that she "worried more about recession prospects" in Europe, which was most vulnerable to disruptions in energy supplies from Russia.

8:25 PM

Delhi logs 50% increase in daily Covid-19 cases

Delhi on Wednesday reported 299 new cases of Covid-19: a 50 per cent increase in 24 hours. There were no deaths due to the disease in 24 hours, said the state’s government.

7:59 PM

S&P downgrades Sri Lanka's foreign currency rating

S&P Global Ratings on Wednesday lowered Sri Lanka's foreign currency rating to "CC" from "CCC", citing the economic crisis in the country and rising external funding pressures. "Sri Lanka's debt restructuring process is likely to be complicated and may take months to complete", the ratings agency said in a statement

7:55 PM

ED gives 4 more weeks to give court report on AirAsia probe

The Delhi High Court Wednesday gave the Enforcement Directorate (ED) more time to file a report on its investigation in a money laundering case lodged against some officials of AirAsia India whose flying licence has been challenged by BJP leader Subramanian Swamy. The court gave four weeks to the investigating agency to comply with its January 2020 order on Swamy's petition challenging the flying licence and Foreign Investment Promotion Board (FIPB) clearance granted to AirAsia, PTI reported.

7:20 PM

Roman Abramovich has $7 bn of assets frozen in tax haven

More than $7 billion of assets linked to Roman Abramovich were frozen by authorities in the English Channel tax haven of Jersey, in the latest crackdown on offshore wealth held by sanctioned Russian billionaires. The Jersey Royal Court imposed a freezing order on the assets, the local government said in a statement Wednesday. At the same time, police executed a search warrant on premises “suspected to be connected” to him, Bloomberg reported.

7:00 PM

Sebi to auction properties of three firms to recover investors' money

India’s markets regulator said on Wednesday it will auction 15 properties of Sun Plant Agro, Sun Plant Business and Remac Realty on May 11 to recover money illegally raised from the public. The auction will be based on reserve prices ranging from Rs 19 lakh to Rs 1.7 crore, said the Securities Exchange Board of India.

6:52 PM

1,000 Ukraine marines surrender, says Russia

More than 1,000 Ukrainian marines have surrendered in the port of Mariupol, Russia's defence ministry said on Wednesday of its main strategic target in the eastern Donbas region, Reuters reported. If the Russians take the Azovstal industrial district, where the marines have been holed up, they would be in full control of Mariupol, Ukraine's main Sea of Azov port, allowing Russia to reinforce a land corridor between separatist-held eastern areas and the Crimea region that it seized and annexed in 2014.

6:46 PM

Amazon warns Future Retail against holding meeting on assets sale to Reliance

Amazon has warned Future Retail Ltd (FRL) against holding meetings of its shareholders and creditors next week to approve the sale of its retail assets to Reliance Retail. In a letter to Kishore Biyani and other promoters on April 12, the US e-commerce giant said such meetings are illegal and would not only breach 2019 agreements when Amazon made investments into FRL's promoter firm.

 

6:19 PM

JPMorgan profits drop 42%, bank writes off Russian assets

JPMorgan Chase said its first quarter profits dropped by 42 per cent from last year, partly because the bank wrote down nearly $1.5 billion in assets due to higher inflation and the Russian-Ukrainian War. USA's largest bank by assets said it earned a profit of $8.3 billion or $2.63 per share, down from a profit of $14.3 billion or $4.50 a share, in the same period a year earlier.

6:00 PM

Infosys says has no plans to do business with Russian clients

Software giant Infosys said on Wednesday it is moving its business out of Russia and is pursuing alternate options against the backdrop of the Ukraine conflict. The company has no plans to do business with Russian clients, a company executive said. Several other global IT and software players including Oracle Corp and SAP SE have either suspended or paused all operations in Russia, Reuters reported.

4:45 PM

Britain imposes new sanctions on 206 individuals linked to Russia

Britain said on Wednesday it was imposing new sanctions on 206 individuals in response to Russia's invasion of Ukraine, including 178 who it said were involved in propping up Russian-backed breakaway regions of Ukraine. The government said the new sanctions also include those targeting oligarch family members, close associates, and employees.

4:34 PM

Pakistan investigates sale of necklace gifted to Imran Khan

Pakistan's has opened an investigation against Imran Khan over allegations that an expensive necklace he got as a gift during his tenure as former prime minister was sold for Rs 18 crore, said a media report Wednesday. The necklace was not sent to the tosha-khana (state gift repository), but given to former special assistant Zulfikar Bukhari, who sold it to a jeweller in Lahore, the Express Tribune newspaper reported.

4:25 PM

Covid cases and deaths fall for 3rd consecutive week: WHO

The number of new coronavirus cases and deaths reported to the World Health Organization fell for a third consecutive week, a trend likely helped by the dismantling of testing and surveillance programs. In its latest weekly report on the pandemic, issued late Tuesday, the U.N. health agency said the more than 7 million new cases reported represented a 24% decline from a week earlier. The weekly worldwide number of Covid-19 deaths, was down 18%, at over 22,000, the AP reported.

 

4:18 PM

Russia says over 1,000 Ukrainian marines surrender in Mariupol

Russia's defence ministry said on Wednesday that 1,026 soldiers of Ukraine's 36th Marine Brigade, including 162 officers, had surrendered in the besieged Ukrainian port city of Mariupol.

 

Mariupol, which has been encircled by Russian troops for weeks, has seen the fiercest fighting and the most comprehensive destruction since Russia invaded on Feb. 24.

 

The main Sea of Azov port is the biggest target in the eastern Donbas region that Moscow now calls the focus of its campaign, and if captured would be the first major city to fall since the war began. Its capture would help secure a land passage between separatist-held eastern areas and Crimea which Russia seized and annexed in 2014.

3:53 PM

BJP leaders stopped from visiting violence-hit Rajasthan town

Karnataka BJP MP Tejasvi Surya, Rajasthan BJP chief Satish Poonia and other party leaders were on Wednesday stopped by the police from visiting violence-hit Karauli town. The politicians wanted to meet victims of the April 2 violence that started when a bike rally to celebrate the Hindu new year was allegedly stoned.

3:44 PM

Russia can redirect energy exports away from West: Putin

Russia can redirect exports of its energy resources away from the West to countries that really need them while increasing domestic consumption of oil, gas and coal, President Vladimir Putin said on Wednesday. Putin also said that "unfriendly countries" had destroyed supply chains in Russia's Arctic regions and some nations were not fulfilling their contractual obligations, Reuters reported.

3:40 PM

Zelenskyy offers to exchange Putin ally for captive Ukrainians

Ukraine’s President Volodymyr Zelenskyy proposed to swap a tycoon with close Kremlin ties who was detained by his country’s security service for prisoners of war. The offer came after Zelenskiy posted a picture on Facebook of Viktor Medvedchuk in handcuffs. Medvedchuk, a businessman and politician who is seen as one of President Vladimir Putin’s top allies in Ukraine, was placed under house arrest last year and local authorities said he went missing around the start of the Russian invasion, Bloomberg reported.

 

3:36 PM

Worldwide coronavirus cases cross 498.51 million,

More than 498.51 million people have been reported to be infected by the novel coronavirus globally and 6,579,817 have died, according to a Reuters tally. Infections have been reported in more than 210 countries and territories since the first cases were identified in China in December 2019.

3:30 PM

Telangana court acquits AIMIM MLA Akbaruddin Owaisi in hate speech cases

A court in Hyderabad on Wednesday acquitted lawmaker Akbaruddin Owaisi in hate speech cases filed against him a decade ago. Owaisi, floor leader of the All India Majlis-e-Ittehadul Muslimeen, was charged with abusing a community. He allegedly made hate speeches at Telangana's Nizamabad on December 8, 2012 and at Nirmal town on December 22, 2012. 

3:19 PM

ED attaches properties of Maharashtra minister Nawab Malik

The Enforcement Directorate (ED) said on Wednesday it has attached multiple assets of jailed Maharashtra minister Nawab Malik under the anti-money laundering law. The properties include agricultural land in Osmanabad district five flats in Mumbai, PTI reported quoting a press statement.

 

3:06 PM

Ghazipur landfill fire: HC asks civic body, Delhi govt to file status report

The Delhi High Court on Wednesday asked the Municipal corporation, Delhi Government and other respondents to file a status report and action taken report on the two recent's Ghazipur landfill fire matter. The bench of Justice Vipin Sanghi and Justice Navin Chawla sought responses from all concerned authorities in the matter and posted the matter for May 4, 2022.

 

On the incident, Delhi Government had also ordered an inquiry into the fire. Delhi Environment Minister Gopal Rai had said, this type of incident has happened earlier too. The reason is negligence. However, a detailed report on the current incident has been asked from Delhi Pollution Control Committee on the fire incident that occurred on March 28, 2022.

3:00 PM

Seven killed, 22 wounded by shelling in Ukraine's Kharkiv region, says governor

At least seven people were killed and 22 wounded by shelling in Ukraine's northeastern region of Kharkiv over the past 24 hours, Governor Oleh Synegubov said on Wednesday.

 

In an online post, he said a 2-year-old boy was among those killed in the 53 artillery or rocket strikes he said Russian forces had carried out in the past day in the region.

 

Reuters could not independently verify the information. Russia denies targeting civilians.

2:19 PM

Exports up nearly 20% to $42 bn in March

The country's exports in March 2022 rose 19.76 per cent to USD 42.22 billion as compared to the year-ago period, according to a commerce ministry data released on Wednesday.

In March 2021, exports stood at USD 35.26 billion.

Last month, imports grew 24.21 per cent to USD 60.74 billion, it showed.

Trade deficit in the month under review widened to USD 18.51 billion as compared to USD 13.64 billion in March 2021.

2:12 PM

PE inflows in realty sector dips 32% to $4.3 bn in FY22: Report

Private equity (PE) investments in real estate sector fell 32 per cent to USD 4.3 billion in the last fiscal year mainly due to the COVID-19 pandemic, according to property consultant Anarock. PE investments in real estate stood at USD 6.3 billion in the 2020-21 financial year.

According to Anarock Capital's FY22 year-end edition of its FLUX report, PE inflows in real estate were USD 5.1 billion in FY'20, USD 5.6 billion in FY'19 and USD 5.4 billion in 2017-18 fiscal.

1:48 PM

Indian Air Force and IIT Madras signed an MoU for various developmental projects to support IAF

Indian Air Force and IIT Madras signed an MoU today, for various developmental projects to support the requirements of the IAF. The MoU was signed by Air Commodore S Bahuja, Command Engineering Officer (Systems), and others at Air Force Station, Tughlakabad, Delhi.