The Biden administration announced on Wednesday that the US would provide about $3 billion in additional military aid to Ukraine as Ukraine marked the start of an unprovoked invasion of Russia as well as six months after its Independence Day. Although the earlier aid packages focused on meeting Ukraine’s urgent ...
Read More »Ford eliminates 3,000 jobs to lower the cost
Ford Motor is cutting nearly 3,000 jobs from its global workforce, as the automaker seeks to reduce costs as part of restructuring efforts under CEO Jim Farley. A company spokesperson confirmed that Ford began notifying employees about the cuts on Monday. The cuts are for 2,000 salaried positions and 1,000 ...
Read More »Hindu sweeper arrested for blasphemy in Pakistan
A Hindu sweeper has been arrested for allegedly committing blasphemy in Pakistan’s Hyderabad city. Earlier, an extremist organization had staged a series of protests against the sweeper and accused him of burning a page of a religious book. According to the report, the extremist group Tehreek-e-Labbaik Pakistan (TLP) protested in front ...
Read More »China’s heat wave could have an impact on its economy: Economist says
According to the Chief Economist of Hang Seng Bank China, China is currently in the grip of a devastating heatwave, which could have a serious impact on its economy. China is facing record-breaking heatwaves and power shortages in the Yangtze River region. Extreme temperatures have inhibited crop growth and put ...
Read More »Ted Baker agrees $ 254 million deal with Authentic Brands Group
The retail conglomerate Authentic Brands Group, which owns brands including Reebok, Forever 21, and Juicy Couture, has signed a deal to buy UK fashion chain Ted Baker for US$ 254 million. The deal price represents a premium of approximately 18% to Ted Baker’s closing price on Monday. The company is ...
Read More »FBI seizes top secret documents from Donald Trump’s house
The Federal Bureau of Investigation (FBI) has recovered some top secret government documents from former US President Donald Trump’s residence in the US state of Florida. The US Justice Department said Friday that FBI agents searched Trump’s home in Florida this week, confiscating some confidential documents. These documents were related ...
Read More »Axios agrees to sell itself to Cox Enterprises for $525 Mn
Axios company announced on Monday, that it is being acquired by Cox Enterprises to expand the digital news site’s coverage to include more cities. According to information shared by people familiar with the matter, the deal is valued at Axios at $525 million. The company shared the information in a ...
Read More »US issues global alert after Death of Al Qaeda Chief Ayman Al-Zawahiri
The US State Department has issued a worldwide alert following the death of Al Qaeda chief Ayman al-Zawahiri. All countries have been asked to exercise caution. The US State Department further said that following the death of al-Qaeda chief al-Zawahiri, al-Qaeda supporters, or terrorist organizations affiliated with it, may attempt to attack ...
Read More »Ayman al-Zawahiri, Al-Qaida leader, killed in US airstrike
Ayman al-Zawahiri, the leader of the terrorist organization Al-Qaeda, has been killed by the US. At the time of the attack, Zawahiri was hiding in his house in Kabul, the capital of Afghanistan. The house in which Zawahiri was staying belonged to the leader of the Haqqani network and was ...
Read More »Mortgage demand at 22-year low due to higher interest rate
USA – Mortgage demand fell more than 6% over the past week, hitting its lowest level since 2000, according to the Mortgage Bankers Association’s seasonally adjusted index. Applying for a mortgage to buy a house fell 7% for the week and was down 19% compared to the same week in ...
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