Page 1364 - World News

Fed to cut US rates 'at some point, but no hurry', says Loretta Mester

"At some point, as we get more confidence, we will start to normalize policy back to a less restrictive stance, but we don't have to do that in a hurry," Mester said

Trump hush money prosecutors seek to ask about fraud, writer Jean Carroll

The first-ever criminal trial of a former US president began on Monday, and jury selection is ongoing

EU leaders mull sanctions against Iran, Zelenskyy pleads for more support

French President Emmanuel Macron urged his EU counterparts in Brussels to adapt and expand sanctions against Iran

What Elon Musk's pay package vote means for his $174 billion fortune

Tesla's 2024 proxy statement, filed Wednesday, asks shareholders to approve the same 2018 compensation package for its chief executive officer that was rejected by Delaware court

Micron set to get over $6 bn in chips' grants in announcement next week

After the preliminary agreement is announced, Micron would enter months of due diligence and then receive the money in tranches tied to project-specific benchmarks

US reimposes oil sanctions on Venezuela amid no fair presidential polls

It's unclear what impact the snapback would have on Venezuela's long floundering oil and gas industry or whether it will pressure Maduro to offer a more level electoral playing field

Britain's plan to send some migrants to Rwanda hits hurdle in Parliament

The House of Lords inserted amendments into the Safety of Rwanda Bill, sending it back to the lower House of Commons in a process known as parliamentary ping-pong

Toshiba to slash 5,000 jobs in Japan in latest bid to restructure: Report

The Tokyo-based company is downsizing noncore businesses and will book a one-time cost of roughly ¥100 billion ($650 million) as a result, Nikkei reported without saying where it got the information

Boeing's safety culture to come into spotlight at US Senate hearings

Boeing has been grappling with a crisis that has undermined its reputation following the Jan. 5 mid-air panel blowout on a 737 MAX single-aisle plane

Russian influence operations targeting US election have begun: Microsoft

While the Russian activity Microsoft observed is not as intense as around the previous elections, it could increase in the coming months, the researchers said

Morgan Stanley, HSBC cutting Asia IB jobs on China deals slowdown

IPOs in mainland China dropped 82% from a year earlier to just $2.4 billion during the same period, the smallest quarterly fundraising since the fourth quarter of 2018, showed the LSEG data

Adverse weather hits Dubai flights; Air India cancels services on Wed

Air India, which operates 72 weekly flights from various cities to Dubai, cancelled its services on Wednesday

Pakistan security forces kill 7 terrorists in restive KP province

Pakistan has consistently been asking the Taliban-led interim Afghan government to ensure effective border management on their side of the border

China kicks off anti-graft inspections of financial regulators, banks

China's biggest state-owned lenders, led by Industrial & Commercial Bank of China Ltd., as well as the main bourses in Shanghai and Shenzhen will also be inspected, according to the report

Biden to call for higher Chinese metals tariffs in 'Steel City' Pittsburgh

The Biden administration is also pressuring neighboring Mexico to prohibit China from selling its metal products to the United States indirectly from there

Saudi' Arabia's Neom hunts for more cash for $1.5 trillion desert city

Neom recently secured a 10 billion-riyals loan from a group of Saudi banks, according to two other people familiar with the deal

Vietnam mounts $24 billion rescue plan for bank engulfed in giant fraud

The State Bank of Vietnam's previously unreported cash injections into SCB amount to 5.6% of the nation's annual economic output, or about one-fourth of Vietnam's foreign-exchange reserves

Storm dumps 18 months' rain on parts of UAE, flooding roads, airport

Fujairah, an emirate on the UAE's eastern coast, saw the heaviest rainfall on Tuesday with 145 millimetres (5.7 inches) falling there

Earthquake of 6.4 magnitude jolts Ehime, Kochi prefectures of south Japan

The epicentre of the earthquake was Bungo Channel, a strait separating Japanese islands of Kyushu and Shikoku, the agency said, adding that no tsunami warning had been issued

Dubai International Airport flooded, flights disrupted after heavy rain

The rains began late Monday, soaking the sands and roadways of Dubai with some 20 millimeters (0.79 inches) of rain, according to meteorological data collected at Dubai International Airport