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  • Currency slump, 132% inflation no cause for ‘panic’ in Zimbabwe May 26, 2022 01:14 PM IST

    Currency slump, 132% inflation no cause for ‘panic’ in Zimbabwe

    “We are instituting measures that every other country in the world is instituting,” Ncube said in an interview with Bloomberg Television’s Manus Cranny and Yousef Gamal El-Din from Davos on Thursday. “We are not in panic mode.”

  • IMF to release $900 million when Pakistan removes fuel price caps: Source May 26, 2022 12:57 PM IST

    IMF to release $900 million when Pakistan removes fuel price caps: Source

    The talks in Qatar capital Doha on the resumption of a funding programme concluded on Wednesday. An IMF official said in a statement that considerable progress had been made, but he emphasized the urgency of Pakistan removing fuel and energy subsidies to get back on track.

  • Will formally launch FTA negotiations with India very soon: EU May 26, 2022 12:44 PM IST

    Will formally launch FTA negotiations with India very soon: EU

    European Union Executive Vice-President and Trade Commissioner Valdis Dombrovskis has said the EU will formally launch negotiations for the proposed free trade agreement with India ”very soon”.

  • Imran Khan gives 6-day ultimatum to Pakistan govt to announce fresh polls May 26, 2022 11:25 AM IST

    Imran Khan gives 6-day ultimatum to Pakistan govt to announce fresh polls

    Addressing a rally of thousands of protesters of the Azadi March’ at Jinnah Avenue on Thursday morning, Imran Khan lashed out at the government for using tactics like raids and arrests to stop his party’s march, even as he thanked the Supreme Court (SC) for taking notice of the matter.

  • Apple to increase starting pay for US workers May 26, 2022 10:48 AM IST

    Apple to increase starting pay for US workers

    The starting pay for the company's U.S. team members will rise to $22 per hour, or higher based upon the market, a 45% jump from 2018 levels, Apple said in a statement to Reuters.

  • US and Japan say they staged joint fighter jet flight after North Korea missile launches May 26, 2022 07:52 AM IST

    US and Japan say they staged joint fighter jet flight after North Korea missile launches

    The exercise was meant to "showcase combined capabilities to deter and counter regional threats", the U.S. military said in a news release. Japan and the United States wanted to show their combined resolve in the wake of North Korea's latest missile launches, two U.S. officials told Reuters, speaking on condition of anonymity.

  • Ukraine says Russia shells more than 40 towns in Donbas push May 26, 2022 07:50 AM IST

    Ukraine says Russia shells more than 40 towns in Donbas push

    After failing to seize Ukraine's capital Kyiv or its second city Kharkiv, Russia is trying to take full control of the Donbas, comprised of two eastern provinces Moscow claims on behalf of separatists.

  • Andreessen Horowitz raises $4.5 billion Crypto fund, the largest of its kind May 26, 2022 07:45 AM IST

    Andreessen Horowitz raises $4.5 billion Crypto fund, the largest of its kind

    The firm is dedicating $3 billion to venture investments and $1.5 billion to seed investments.

  • Russia pounds east Ukraine as town buries dead in mass grave May 26, 2022 07:39 AM IST

    Russia pounds east Ukraine as town buries dead in mass grave

    After failing to seize Ukraine's capital Kyiv or its second city Kharkiv, Russia is trying to take full control of the Donbas, comprised of two eastern provinces Moscow claims on behalf of separatists.

  • The trouble with Lithium May 26, 2022 07:31 AM IST

    The trouble with Lithium

    Demand has outstripped supply, pushing prices up almost 500% in a year and hindering the world’s most successful effort yet to halt global warming.

  • Apple boosts pay budget for US workers May 26, 2022 07:16 AM IST

    Apple boosts pay budget for US workers

    The starting pay for hourly workers in the United States will rise to $22 an hour, or higher based upon the market, a 45% increase from 2018 levels, WSJ said.

  • Fed saw aggressive hikes providing flexibility later this year May 26, 2022 06:57 AM IST

    Fed saw aggressive hikes providing flexibility later this year

    While highlighting the “strong commitment and determination” of all policy makers to restore price stability, the minutes of the May 3-4 meeting, released Wednesday, showed officials attentive to financial conditions as they prepare to raise rates further.

  • Embattled payments startup Bolt is cutting one-third of staff May 26, 2022 06:55 AM IST

    Embattled payments startup Bolt is cutting one-third of staff

    In a message to staff on Wednesday, Bolt Chief Executive Officer Maju Kuruvilla wrote that the company was making cuts as part of a broader restructuring.

  • Elon Musk’s revised Twitter bid drops margin loan, requires more cash May 26, 2022 06:44 AM IST

    Elon Musk’s revised Twitter bid drops margin loan, requires more cash

    Elon Musk will provide an additional $6.25 billion in equity financing for the $44 billion buyout, according to a regulatory filing Wednesday. That’s enough to eliminate the margin loan of the same size, which had already been reduced earlier this month.

  • UN to vote today on US push for more North Korea sanctions May 26, 2022 06:16 AM IST

    UN to vote today on US push for more North Korea sanctions

    The vote comes a day after Pyongyang fired three missiles, including one thought to be its largest intercontinental ballistic missile, following U.S. President Joe Biden's trip to Asia. It was the latest in a string of ballistic missile launches this year, which are banned by the Security Council.

  • Elon Musk pledges more equity to fund Twitter deal, scraps margin loan May 26, 2022 06:02 AM IST

    Elon Musk pledges more equity to fund Twitter deal, scraps margin loan

    The disclosure made in a regulatory filing on Wednesday signaled Musk is working to complete the deal even though he had last week linked its progress to Twitter presenting proof that spam bots accounted for less than 5% of the total users.

  • Sony to ramp up PS5 production and broaden games portfolio May 26, 2022 06:00 AM IST

    Sony to ramp up PS5 production and broaden games portfolio

    The PS5, which went on sale in November 2020, undersold its predecessor in its second year due to component shortages which have roiled the electronics industry. But it is expected to close the gap in year three and overtake PS4's install base the following year.

  • Wall Street rallies as Fed minutes meet expectations May 26, 2022 05:58 AM IST

    Wall Street rallies as Fed minutes meet expectations

    The minutes from the Federal Open Market Committee's May meeting, which culminated in a 50-basis-point hike in the Fed funds target rate - the biggest jump in 22 years - showed most of the committee's members judged that further such rate hikes would "likely be appropriate" at its upcoming June and July meetings.

  • Blasts in Afghan city of Mazar-i-Sharif kill 9 - provincial spokesman May 25, 2022 10:20 PM IST

    Blasts in Afghan city of Mazar-i-Sharif kill 9 - provincial spokesman

    On Wednesday, explosives ripped through passenger vehicles in Mazar-i-Sharif, killing at least nine people, according to a provincial commander's spokesman, as authorities verified another attack in the Afghan capital.

  • WEF meet: IKEA to open store in Bengaluru in June May 25, 2022 08:45 PM IST

    WEF meet: IKEA to open store in Bengaluru in June

    Karnataka Chief Minister Basavaraj Bommai  met Jester Brodin, CEO of the Ingka Group, which includes IKEA, on Wednesday at the World Economic Forum in Davos, Switzerland, and discussed the store's inauguration.

  • Ukraine says it is fighting to keep control of key supply route in Donbas May 25, 2022 07:25 PM IST

    Ukraine says it is fighting to keep control of key supply route in Donbas

    Ukraine claims to be struggling to maintain control over a vital supply line in Donbas.

  • Texas School Shooting | A look at some of the deadliest terror attacks on schools May 25, 2022 07:16 PM IST

    Texas School Shooting | A look at some of the deadliest terror attacks on schools

    Many countries around the world have suffered school attacks and shootings. As the US mourns the victims of Texas school shooting, here’s a look at some of the deadliest terror attacks on schools.

  • Wall Street opens lower ahead of Fed minutes May 25, 2022 07:12 PM IST

    Wall Street opens lower ahead of Fed minutes

    The Dow Jones Industrial Average fell 112.31 points, or 0.35 percent, at the open to 31,816.31.

  • Twitter to hold annual meeting today amid Elon Musk's uncertainty May 25, 2022 03:48 PM IST

    Twitter to hold annual meeting today amid Elon Musk's uncertainty

    The Tesla chief executive tweeted on May 13 that the $44 billion acquisition was ”temporarily on hold” while he sought more information about the proportion of fake accounts on Twitter.

  • Russia launches all-out assault to encircle Ukraine troops in east May 25, 2022 03:12 PM IST

    Russia launches all-out assault to encircle Ukraine troops in east

    Russian forces waged an all-out assault on May 24 to encircle Ukrainian troops in twin eastern cities straddling a river, a battle that could determine the success or failure of Moscow's main campaign in the industrial heartland of Donbas.

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