Page 1344 - World News

US economic growth in Jan-Mar slows to a 2-year low; inflation surges

The economy grew at a 3.4% rate in the fourth quarter. The first quarter growth's pace was below what U.S. central bank officials regard as the non-inflationary growth rate of 1.8%

NYC to require warning labels for sugary foods, drinks in chain restaurants

The rule requires food businesses with 15 storefronts or more to post a warning icon a black and white spoon loaded with sugar next to menu items containing at least 50 grams of added sugar

Putin announces plan to visit China in May, his first trip after poll win

Russia's growing economic and diplomatic isolation because of its war against Ukraine has made it increasingly reliant on China

Even as US tries to bring aid to Gaza by sea, major concerns remain

The Israeli-developed port, for example, has already been attacked by mortar fire, sending high-ranking UN officials scrambling for shelter this week

India calls for revitalisation of UNGA, reform in global governance

He further highlighted that for the revitalisation of the General Assembly, the sanctity of the Annual General Debate and its associated elements must be restored, Pratik Mathur said

Paris Olympics: Policing to include checks for some of city's residents

Anyone flagged by the checks could be barred from the zone. "It will obviously be case by case"

Brics Summit will take interaction to new heights: Russian FM Lavrov

"It is worth considering that there has been no example of an entity doubling its membership so far," Lavrov added

Here's why Harvey Weinstein's New York rape conviction was overturned

Weinstein has been serving time in New York, most recently at the Mohawk Correctional Facility, about 100 miles (160 kilometers) northwest of Albany

Elon Musk escalates OpenAI fight with subpoena of ex-board member Toner

The subpoena, which was signed on Tuesday, demanded that Toner hand over information by May 21, 2024

US sanctions over dozen firms, 3 from India, for trade and ties with Iran

The United States, in close coordination with our British and Canadian partners, will continue to use all means available to combat those who would finance Iran's destabilising activities, he said

Alphabet Inc beats revenue estimates as AI fuels cloud growth in Q1

The company also said it would pay a dividend of 20 cents a share, its first ever, and repurchase an additional $70 billion in stock. The shares jumped 13 per cent in extended trading

Tesla pushes back on investor's latest move in Elon Musk's pay package row

If Tesla reincorporates in Texas and its board approves Musk's pay there, that would presumably have to be challenged in a new lawsuit under Texas law

Elon Musk once again richer than Mark Zuckerberg as fortunes reverse

The two billionaires switched ranks earlier this month, when Zuckerberg, 39, overtook Musk for the first time since 2020 following news that Tesla's vehicle deliveries fell in 3 months through March

Global wine demand drops to 27-year low as prices hit record high

The fall in demand last year was particularly big in China, estimated at minus 25%

Toyota hits record annual output, sales on account of robust demand

The world's largest automaker by volume, however, saw its sales and production fall in March amid fierce competition in China, the world's largest auto market

Hyundai Motor's Q1 profit drops 2.4%, hurt by weak domestic sales

The world's No.3 automaker by sales along with affiliate Kia Corp sold 1.5 fewer vehicles, delivering 1.007 million units in the first quarter

Blinken in Shanghai; begins contentious talks with Chinese officials

Shortly after arriving, Blinken attended a Chinese basketball playoff game between the local Shanghai Sharks and the Zhejiang Golden Bulls

Business leaders urge Pak PM Shehbaz to initiate trade talks with India

There was a sense of concern among the business leaders over the political instability in the country for which they even advised the Prime Minister to take initiative as the head of the government

US attacks Russia for vetoing UNSC resolution on Outer Space Treaty

US Ambassador to the United Nations Linda Thomas-Greenfield told members of the UN Security Council that by vetoing the resolution, Russia abandoned its responsibility

Meta chief Zuckerberg asks for patience after AI push irks investors

After Meta revealed that it will spend billions of dollars more than expected this year - fueled by investments in artificial intelligence - the company's CEO did his best to soothe Wall Street