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India to face more power cuts due to coal shortage, soaring demand

India is likely to face more power cuts this year as utilities' coal inventories are at the lowest pre-summer levels in at least nine years

Former chiefs of CARE Ratings found not guilty after misconduct inquiry

An independent inquiry has found former top executives of India's CARE Ratings Ltd not guilty of potential misconduct, the company said in a regulatory filing on Tuesday.

Egypt eyes adding India as a wheat import origin this month, says ministry

Russia's invasion of Ukraine in late February has driven up global wheat prices and disrupted Black Sea shipping, though wheat shipments from Russia continued in March

Boeing Co says 141 jet orders in limbo amid conflict in Ukraine

Boeing unveiled the adjustment to its order backlog in monthly orders and deliveries data that also showed it had delivered 41 jets to customers in March.

German gas reserves can last until late summer, says regulator

Mueller told Die Zeit reports of atrocities would increase pressure on EU to ban Russian gas imports, which would force Germany to ration energy - a prospect he said was underestimated by many Germans

Putin says peace talks with Ukraine are at dead end, goads the West

Putin promised that Russia would achieve all of its "noble" aims in Ukraine.

Mercedes-Benz bets on India's nouveau riche to drive luxury car sales

Global carmakers' biggest growth hurdle, however, is a shortage of semiconductors and logistics woes worsened by Russia's invasion of Ukraine

Putin says peace talks with Ukraine are at dead end, goads the West

Putin, who had been ubiquitous on Russian television in the early days of the war, had largely retreated from public view since Russia's withdrawal from northern Ukraine two weeks ago

Drugs running out, surgeries cancelled as Sri Lanka's health system buckles

The lack of foreign exchange has left President Gotabaya Rajapaksa's government unable to import essentials including medicines and fueL

Wall Street gains as growth stocks rebound after inflation data

The Labor Department's report showed consumer prices shot up to 8.5% in 12 months through March, slightly higher than estimated 8.4%, although the so-called core CPI fell short of estimates at 6.5%

Wall Street gains as growth stocks rebound after inflation data

The Dow Jones Industrial Average was up 243.93 points, or 0.71%, at 34,552.01, the S&P 500 was up 48.24 points

Global LNG body urges govts to support fuel buyers amid Ukraine crisis

The Paris-based group, whose members account for more than 90% of global LNG trade, issued a statement a day earlier after a meeting of its executive committee

India to face more power cuts due to coal shortage, soaring demand

Power cuts could stifle industrial activity in Asia's third largest economy, just when economic activity was starting to recover after months of COVID-related lockdowns

Sri Lanka suspends external debt payments, says needs money for essentials

Street protests against shortages of fuel, power, food and medicine have gone on for more than a month

Impossible to isolate Russia, or hold it back: Putin warns the West

"The sanctions were total, the isolation was complete but the Soviet Union was still first in space," Putin said, according to Russian state television

UK jobless rate lowest since 2019, but inflation eats into pay

The jobless rate sank to 3.8% in the three months to February from 3.9% before, official figures showed, matching a rate last seen in late 2019 and one that has not been lower since 1974

Euro zone bond yields rise ahead of US inflation data

Thursday's ECB meeting could mark another tense moment for policymakers caught between record high inflation and the economic hit from the war in Ukraine

ED to summon former Xiaomi India head in investigation: Report

The Enforcement Directorate has been probing the company since at least February, and in recent weeks asked Manu Kumar Jain, Xiaomi's former India managing director, to appear before its officers

Indian Oil removes Russian Urals from latest tender, says report

The firm imports crude for itself and on behalf of its Chennai Petroleum subsidiary

Oil rises as Shanghai eases some Covid curbs, OPEC warns of tight supply

Brent crude futures were up $2.98 or 3.03% to $101.46 a barrel, and U.S. West Texas Intermediate was up $3 or 3.18% to $97.29 a barrel at 0640 GMT. Both contracts had settled down around 4% on Monday.