Page 1383 - World News

US to impose new sanctions against Iran after attack on Israel: Sullivan

Jake Sullivan said that US also expects its allies and partners to impose sanctions against Iran

SEC targets its own staff's texting, nixes WhatsApp office phones

The regulatory crackdown extracted at least $200 million apiece from Wall Street giants such as Bank of America Corp., JPMorgan Chase & Co and Goldman Sachs Group Inc, while also fining others

Encourage India, Pak to find resolution: US on alleged anti-terror ops

The United States is not going to get into the middle of this, but we do encourage both India and Pakistan to avoid escalation and find a resolution through dialogue

Boeing plane's mid-air blowout result of ignorance to safety: FAA panelist

The company is preparing a 90-day plan to overhaul its quality and safety practices in response to the panel's findings

First 7 jurors chosen for Trump's hush money criminal trial; 11 more needed

Over two days, dozens of potential jurors have been excused after saying they could not be impartial or because they had other commitments

Trump goes from court to campaign at bodega in heavily Democratic hometown

The visit would be Trump's first campaign appearance since his criminal hush money trial began, making the presumptive GOP nominee the first former president in US history to stand criminal trial

Parts of Central US hit by storms, tornadoes strike in Kansas, Iowa

An EF-1 tornado touched down shortly after 6 am near the northeastern Kansas town of Richland, the National Weather Service said

US house committee accuses China of fuelling fentanyl crisis in country

The Chinese government not only subsidises the manufacturing of precursor chemicals, but the report says it has also thwarted investigations into illicit manufacturers

India calls for inclusive framework, decisive action on UNSC reform

Kamboj underlined that India's position is widely supported by the majority of member states, adding that "this fact is on record in the 2015 framework document on issue of categories of membership

Repeat offenders made up 40% of US corporate defaults in 2023: Moody's

These and other companies with a high level of debt struggled through an elevated interest rate and inflationary environment, said the report, which was released on Tuesday

LVMH's first quarter sales growth slips to 3% amid luxury retail slowdown

LVMH, which is Europe's second-largest listed company and worth nearly 400 billion euros, is the first luxury goods maker to report quarterly earnings

Big banks led by Citigroup continue layoffs amid pressure to cut costs

Headcount at Citi declined by 2,000 employees after the third-largest U.S. lender completed a sweeping reorganization aimed at improving profits and reducing management layers

Tesla's market valuation declines below $500 billion as risks pile up

The stock tumbled about 4% to below $154 at one point on Tuesday in New York, bringing this year's drop to some 38%

Intel to launch two AI chips with reduced capabilities for Chinese market

Rival Nvidia also has plans for three China-specific chips after the United States late last year tightened a rule capping the capabilities of AI chips that can be shipped to China

Hidden billions in Tokyo real estate market lure activist hedge funds

In Japan, there's a huge gap -22 trn yen ($143 bn) by one estimate - between how firms value their real estate assets on their books, versus what those properties would fetch if sold in current market

Russian invasion of Ukraine threatens global security: Olaf Scholz in China

Russia's actions "violate a principle of the United Nations Charter and the principle of the inviolability of national borders, Scholz was quoted as saying by German media

China's Q1 GDP grows 5.3% amid continued crisis in property sector

The GDP grew 5.3 per cent year on year to 29.63 trillion yuan (about $4.17 trillion) in the first three months of 2024, data from the National Bureau of Statistics (NBS) showed on Tuesday

Tesla layoffs: Global job cuts to impact leading markets US, China

Tesla faces increasing competition in China in a fierce price war with rivals led by BYD, slowing sales in the United States, as well high investment costs in new models and artificial intelligence

Microsoft to invest $1.5 bn in UAE-based AI firm G42, takes minority stake

G42 had divested its investments in China and began the lengthy task of pulling out Chinese hardware amid US concerns over its relationship with Chinese businesses

US will use sanctions to disrupt Iran's 'malign' activity, says Yellen

Yellen said Washington was continuing to use economic tools to pressure Hamas, but said Treasury was emphasizing that its sanctions should not impede life-saving aid