Page 1041 - World News

US household wealth rises in Q2 to record $163.8 trn on real estate gains

The snapshot of households' financial wellbeing comes less than a week before the Federal Reserve is widely expected to reduce borrowing costs for the first time since the pandemic recession

Microsoft to cut 650 jobs from its Xbox unit in third layoff this year

Xbox employees had been bracing for further reductions after Microsoft cut 1,900 jobs, many from Activision units and studios, in January

Berkshire Hathaway's Ajit Jain sells over half of his class A shares

Jain, one of Buffett's top lieutenants, disposed of 200 of the Class A shares for about $695,418 each, according to a regulatory filing Wednesday

'Perfectworld': Isaacman makes history with 1st private spacewalk

The space walk served as the main event for the ongoing mission in Earth orbit. Launched early Tuesday morning, the flight's primary goal is to test SpaceX's spacesuits in the vacuum of space

Harris-Trump jockeying for battleground states after debate faceoff

The candidates are barnstorming one day after they marked the anniversary of the Sept. 11, 2001, attacks, a somber occasion that provided little respite from partisan politics in a high-speed campaign

Cloud-based productivity software suite recovering after outage: Microsoft

Microsoft's Azure cloud platform had said on X it was probing customer reports of a potential issue connecting Microsoft's services from AT&T networks

Pakistan central bank's MPC cuts key policy rates by 200 bps to 17.5%

The State Bank in a statement said that the Monetary Policy Committee (MPC) decided to reduce the policy rate by 200 basis points (bps) to 17.5 per cent in its meeting on Thursday

GM, Hyundai Motor agree to explore joint vehicle development projects

The US and Korean automakers said they had signed a non-binding memorandum of understanding to consider ways to leverage their complementary scale and strengths to reduce costs

Vietnam toll climbs to 199 as Yagi aftermath brings flash flood, landslides

Nearly 200 people have died in Vietnam in the aftermath of Typhoon Yagi and 128 are missing as flash floods and landslides take their toll after Typhoon Yagi

Nokia denies report on moves to replace president, CEO Pekka Lundmark

"The Board fully supports President and CEO Pekka Lundmark and is not undergoing a process to replace him," Nokia said in a statement

Ukraine faces dramatic health crisis ahead of its third winter at war: WHO

Targeted attacks have damaged Ukraine's energy infrastructure, Frequent power outages are taking a toll with danger signs for winter, Kluge said after a visit to front-line regions in eastern Ukraine

Struggling Maldives sovereign bond rallies as country vows to avoid default

Concerns that cash-strapped Maldives could become 1st country to default on Islamic sovereign debt had pushed bond - its only listed international fixed-income instrument - to a record low last month

European Commission rejects minimum price offers from Chinese EV exporters

The Commission declined to give details of the offers, but said it had thoroughly reviewed them to see if they met World Trade Organization and EU anti-subsidy rules

US Treasury reports $380 billion federal budget deficit in August

The deficit for the first 11 months of the 2024 fiscal year reached $1.897 trillion, a 24 per cent increase from a gap of $1.525 trillion in the year-ago period

Boeing workers vote on whether to strike, shut down aircraft production

If the factory workers reject the contract offer that includes 25 per cent pay raises over four years and two-thirds of them vote to strike, a work stoppage would begin on Friday

Cloud-based productivity software suite recovering after outage: Microsoft

Microsoft's Azure cloud platform had said on X it was probing customer reports of a potential issue connecting Microsoft's services from AT&T networks

Weinstein indicted on additional sex crimes charges ahead of NY retrial

The 72-year-old co-founder of the film and television production company Miramax has long maintained that any sexual activity was consensual

UN food agency emphasis on Gaza ceasefire after staff come under fire

Previously incident occurred Aug 31 in Nuseirat refugee camp, just days after WFP temporarily stopped aid deliveries to northern Gaza and halted staff movements when its team came under fire

ECB cuts interest rates as growth dwindles, gives no clue of next step

Economists think the most she will do is keep the door open to another cut in October by saying that all meetings, including the next one, are 'live'

US weekly jobless claims rise moderately on low layoff, slow labour market

Government data last week showed nonfarm payrolls increasing by less than expected in August but the unemployment rate falling to 4.2 per cent from 4.3 per cent in July