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Biden says recession isn't inevitable, US in position to overcome inflation

The president's statement appeared to be about inflation rising worldwide, not necessarily whether countries had higher rates than the US

Net direct tax mop-up rises 45% to over Rs 3.39 trillion till mid-Jun

According to the IT Dept, reports, net direct tax was reported to have crossed 45% till mid-Jun. The CBDT has claimed that this is signficant increase compared to the preceding year.

McDonald's to pay France $1.3 billion in tax fraud case: Report

A Paris court approved the settlement Thursday, the French national financial prosecutor's office said

Govt relaxes upper age limit for 'Agnipath' recruitment to 23 yrs for 2022

The government had unveiled the scheme on Tuesday that will overhaul the decades-old selection process to bring in fitter and younger troops to tackle future security challenges facing the nation

Donald Trump's influence tested in South Carolina, Nevada GOP primaries

Donald Trump notched a notable victory Tuesday when voters in South Carolina ousted a five-term incumbent Republican who supported the former president's impeachment last year

US spy agencies' focus on China likely to snare Chinese Americans

As US intelligence agencies ramp up their efforts against China, top officials acknowledge they may also end up collecting more phone calls and emails from Chinese Americans

Group of NATO leaders pledge support for Ukraine, to provide heavy weapons

The leaders of seven NATO nations from across Europe pledged their support Tuesday for Sweden and Finland's bids to join the alliance and for providing more heavy weapons to help Ukraine battle Russia

Satellite images suggest Iran preparing for rocket launch amid tensions

Iran appeared to be readying for a space launch Tuesday as satellite images showed a rocket on a rural desert launch pad, just as tensions remain high over Tehran's nuclear program

Elon Musk to address Twitter employees for the first time on Thursday

Twitter CEO Parag Agrawal announced an all-hands meeting to employees in an email on Monday, saying they'd be able to submit questions in advance

US producer prices rise 10.8% in May, adding to pressure on Fed

On a monthly basis, producer prices climbed 0.8 per cent in May from April when they increased 0.4 per cent

China: Virus cluster at nightclub sets off new Beijing clampdown

China's capital has put school online in one of its major districts amid a new outbreak linked to a nightclub, while life has yet to return to normal in Shanghai

Turkey has ''legitimate concerns'' over terrorism, says NATO chief

NATO Secretary-General Jens Stoltenberg said Monday that Turkey has legitimate concerns over terrorism and other issues that need to be taken seriously

Enough evidence uncovered to indict Trump: Jan 6 violence panelists

Members of the House committee investigating the Capitol riot said they have uncovered enough evidence for the Justice Department to consider an unprecedented criminal indictment against Donald Trump

Sri Lanka open to buying Russian oil, says PM Ranil Wickremesinghe

Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel amid an unprecedented economic crisis, the newly appointed prime minister said

Zimbabweans are counting their toes as inflation soars more than 130%

An internet rumour blazed through the country that desperate people were selling their toes for cash

Taiwan independence: China threatens to go to war, says report

Despite their lack of formal diplomatic ties, Washington is Taiwan's strongest backer and source of arms, and US law requires it to treat threats to the island as matters of 'grave concern.'

Capitol riots hearings begin, focus on extremists and Trump in Jan 6 attack

With never-seen video, new audio and a mass of evidence, the House committee investigating the Jan. 6 attack on the U.S. Capitol will attempt to show the harrowing story of the deadly violence

Foreign companies will regret leaving Russia, says Vladimir Putin

Russian President Vladimir Putin says foreign companies that have left Russia will regret their decision.

European Central Bank raises 2022 inflation forecast to 6.8% from 5.1%

The ECB now sees inflation over its 2 per cent target throughout its projection horizon, accepting that rapid price growth is not nearly as temporary as it had forecast for the past year

Grammys add five new categories, including songwriter of the year

The four other categories include best spoken word poetry album, alternative music performance, Americana music performance and score soundtrack for video games and other interactive media