Page 1323 - World News

Tensions rise in US-based Silicon Valley over sales of startup stocks

The market for shares of startups like SpaceX and Stripe is projected to reach a record $64 bn this year

At $2 million per minute, US Treasuries mint cash like never before

The numbers tell the story. Last year, investors pocketed nearly $900 billion in annual interest from US government debt, double the average over the previous decade

Red Sea disruption to traffic cuts Q2 capacity by 15%-20%, says Maersk

Maersk is viewed as a barometer of world trade

Israel carries out airstrikes on Gaza city of Rafah after evacuation order

Seven months into its war against Hamas, Israel has been threatening to launch incursions in Rafah, which it says harbours thousands of Hamas fighters and potentially dozens of hostages

Tesla lays off more staff in software, engineering, service teams: Report

The EV maker has been under pressure from dropping sales and an intensifying price war among automakers as elevated interest rates have slowed the adoption of electric vehicles

Judge warns Trump of possible jail time, fines $1k for gag order violation

The fine marks the second sanction for Trump for inflammatory comments about witnesses since the start of the trial last month. He was fined $9,000 last week for nine violations

Etihad CEO Neves considers buying few Airbus, Boeing jets over next 5 years

Most of those new aircraft will be added through existing orders for Airbus A320s and A350s and Boeing 787s but some would need to be sourced from the leasing market and planemakers

US, Philippine forces stage combat drills near channel off southern Taiwan

Washington and Manila say the drills are not directed at any country and are crucial for improving the response to emergencies in the Philippines, one of the world's most disaster-prone countries

Columbia University cancels commencement ceremony amid ongoing protests

The University of Southern California earlier cancelled its main graduation ceremony while allowing other commencement activities to continue

ECB grows confident about rates cut as inflation eases, say policymakers

Euro zone inflation stood at 2.4% in April and a crucial indicator of underlying price pressures slowed while the economy staged a small rebound

Targeting journalists a crime, says Al Jazeera as Israel shuts down channel

Al Jazeera Media Network stated that it would pursue legal channels through international legal institutions against the Israeli cabinet's decision to shut down its offices in the country

Netanyahu's Cabinet votes to shut down Al Jazeera offices in Israel

''My government decided unanimously: the incitement channel Al Jazeera will close in Israel,'' Netanyahu posted on X. Al Jazeera has vehemently denied that it incites against Israel

Spirit Airlines forecasts weak Q2 revenue on slow growth in domestic demand

The carrier estimates it will average about 25 grounded aircraft throughout 2024, while competitors expand their capacity in Spirit Airlines' core markets such as Florida

Investors pull $9.9 billion from hedge funds in March: Nasdaq eVestment

The outflows came even as hedge funds posted positive performances across every strategy tracked by the data firm

UK facing disaster of hung parl, warns Sunak after local election debacle

He sought to paint a less bleak picture for party rebels, demanding a change of political course to win back voters in time for a general election, expected later this year

Astronaut Sunita Williams set to fly into space for third time on Tuesday

Starliner will carry Williams, 58, and Butch Wilmore to the International Space Station, marking what could be a momentous and long-awaited victory for the beleaguered Boeing programme

Trudeau upholds Canada's rule-of-law post Indians' arrest in Nijjar killing

Nijjar, a Canadian citizen, was shot dead outside a gurdwara in Surrey, British Columbia, on June 18, 2023

Jack Dorsey quits X alternative Bluesky, company seeks new board member

Bluesky is a decentralised, text-based, invite-only social network that rose in prominence following Elon Musk's acquisition of X/Twitter

Saudi Arabia's budget deficit at $3.3 bn in Q1 of 2024 on lower oil revenue

Oil revenues reached 181.922 billion riyals in Q1, up 2% from the prior-year period, but non-oil revenues increased 9% year on year during the quarter

Over 23 million Afghans in dire need of humanitarian aid in 2024: UNAMA

Despite a decline in violence, Afghanistan continues to grapple with significant humanitarian challenges, as emphasised by UNAMA