Page 1065 - World News

US weekly jobless claims fall amid low layoffs on upright labour market

A step-down in hiring, which pushed the unemployment rate to a near three-year high of 4.3 per cent in July rattled investors and fanned concerns that a recession was stalking the economy

President Emmanuel Macron aapoints Michel Barnier as new French PM

The Far-Right National Rally (RN), parliament's biggest single party, indicated it would not block Barnier for now, but could do so later if a range of demands were not met

Australia plans to introduce AI rules on human oversight, transparency

Industry and Science Minister Ed Husic unveiled 10 new voluntary guidelines on AI systems and said the government has opened a month-long consultation

US, Britain, EU to sign first legally binding international AI treaty

The AI Convention, which has been in the works for years and was adopted in May after discussions between 57 countries, addresses the risks AI may pose, while promoting responsible innovation

Trump, Harris lay out starkly different views on corporate taxes, economy

Trump has floated the idea of chopping the 21 per cent corporate tax rate to 15 per cent , a proposal liked by companies, in addition to no taxes on tips and Social Security income

Pakistan hasn't learned lessons from 2022 deadly floods, say experts

The group said that 200 children have also been injured in Pakistan because of rains, which have also displaced thousands of people

USFDA still struggling to conduct pending drug inspections after Covid

An AP analysis of Food and Drug Administration data shows that agency staffers have not returned to roughly 2,000 pharmaceutical manufacturing firms to conduct surveillance inspections

China's central bank sees room to cut reserve buffers to boost economy

The central bank would watch developing economic trends before making any adjustments, Zhou said, adding that the bank was closely monitoring policy changes in major economies

Failed to slow Russia's eastern advance: Putin on Ukraine's Kursk incursion

Putin, speaking at the Eastern Economic Forum in Vladivostok, said that Russian forces were now gradually pushing Ukrainian soldiers out of Kursk, where on Aug. 6 Ukraine launched the biggest attack

China property developer Country Garden makes PwC resign as auditor

PwC has been in focus over its role in auditing China Evergrande Group which was accused of a $78 billion fraud, triggering a client exodus, cost cuts and layoffs

Fitch changes global reinsurers' outlook to 'neutral' from improving

Reinsurers, which insure the insurers, have raised their rates in recent years in response to losses from the Covid-19 pandemic, wars and natural catastrophes

Why public EV chargers are almost never working as fast as promised

The chemical wizardry of battery power is more complex than pouring liquid in a tank, and both internal and external factors take a toll on charging speed

Alaska Triangle: Over 20,000 people vanished from this mysterious place

The Alaska Triangle came into the limelight when two US politicians suddenly disappeared while travelling to Juneau from Anchorage in 1972. Here's all you need to know

Google limits on Android Auto access may breach EU rules: Court adviser

Google's refusal to provide third-party access to Android Auto platform may be in breach of competition rules, Court Advocate General Laila Medina said

Kamala Harris' tax plan may cut down 5% of corporate profits: Goldman Sachs

On Wednesday, Harris said Trump's plans would cut off federal programs that offer loans to small businesses, cut the corporate tax rate and push the US deficit higher

China's Xi boosts Africa financing by $51 billion, offers a million jobs

China and Africa account for one-third of the world population, without our modernisation, there will be no global modernisation, Xi said

In touch with India, China, Brazil over Ukraine conflict: President Putin

Putin's remarks came within two weeks after Prime Minister Narendra Modi's historic visit to Ukraine where he held talks with President President Volodymyr Zelenskyy

Hasina must stay silent in India till B'desh seeks her extradition: Yunus

Yunus stated that the interim government is committed to ensuring justice for the people of Bangladesh against the atrocities, and justice requires that she be brought back to the country

Ending Biden tax incentives would be 'historic mistake for states: Yellen

Yellen says that Republican-dominated states like North Carolina are greatly benefiting from tax incentives

How is the US planning to counter Russian interference ahead of 2024 polls?

The measures include sanctions, indictments, and the seizure of web domains that US officials say are utilised by the Kremlin to disseminate propaganda and misinformation