World News

Volvo wins record order for electric trucks from Holcim

22 May 2023, 12:00 pm Volvo Trucks said on Monday it has signed a letter of intent to sell 1,000 electric trucks to Swiss building...

Microsoft signs 10-year deal with Spain's Nware after UK blocks Activision bid

28 Apr 2023, 10:16 pm Microsoft Corp said on Friday it signed a 10-year deal with Nware to bring Xbox and Activision Blizzard games to...

Mastercard seeks to expand crypto card tie-ups

28 Apr 2023, 10:18 pm Mastercard will expand its cryptocurrency payment card programme by seeking more partnerships with crypto firms,...

IMF warns of ongoing financial risks following banking turmoil

Apr 04, 2023, 07:07 pm The recent banking turmoil in the United States and Europe could spread to crucial non-bank institutions like...

Authorities scour debris for more victims after tornadoes pummel Arkansas

Apr 01, 2023, 10:03 pm Arkansas first responders on Saturday were sifting through debris for more possible victims after tornadoes sliced...

China's Huawei partners with more automakers to produce Aito EVs

Apr 01, 2023, 09:47 pm China's Huawei Technologie is partnering with more legacy automakers to produce Aito-branded electric cars, the...

SVB fallout: Fed calls emergency meeting tomorrow

Mar 12, 2023, 11:50 am The US Federal Reserve will hold a closed-door emergency meeting on Monday of the Board of Governors amid the...

Asia-Pacific Credit Outlook Points To Slower Earnings

Feb 22, 2023, 01:53 Slowing economies and weakening demand are set to dominate corporate operations across much of Asia-Pacific in 2023....

Sri Lanka Government-Guaranteed Bond Downgraded To 'D' From 'CC'; Sovereign Ratings Affirmed

Feb 14, 2023, 11:44 am Overview • National carrier SriLankan Airlines (SLA) has defaulted on a coupon for its 2024 U.S....

Asia-Pacific Financial Institutions Monitor 1Q 2023: Banks Will Battle To Stay On Track

Feb 06, 2023, 05:24 pm The banking sector in the Asia-Pacific region is expected to face significant challenges in the first quarter of...

Huge earthquake in south-east Turkey kills more than 300

Feb 06, 2023, 12:55 pm The US Geological Survey said the 7.8 magnitude tremor struck at 04:17 local time (01:17 GMT) at a depth of 17.9km...

Mass shooter's motive elusive as Monterey Park mourns 10 dead.

Jan 23, 2023, 07:12 pm Investigators scrambled on Monday to discover why a 72-year-old gunman opened fire in a California dance hall...

Microsoft faces EU antitrust warning over Activision deal - sources

Jan 17, 2023, 00:03 am Microsoft is likely to receive an EU antitrust warning about its $69 billion bid for "Call of Duty" maker...

Close to 1 bn people globally are served by health-care facilities without reliable electricity.

GENEVA Jan 14, 2023, 09:01 pm Close to 1 billion people in low- and lower-middle income countries - 1 in 8 of the world’s population –are...

Sharp, Long-lasting Slowdown to Hit Developing Countries Hard

WASHINGTON Jan 10, 2023, 08:00 pm Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced...

S&P Downgrades Pakistan To 'CCC+/C' On Enduring External, Economic, Fiscal Risks

Dec 23, 2022, 12:20 pm As per a report by S&P Pakistan's economy faces a weaker outlook in fiscal 2023 following the floods....

Twitter condemned by UN and EU over reporters’ ban

Dec 17, 2022, 07:00 am The United Nations has joined the European Union in condemning Twitter's decision to suspend some journalists who...

Global Slowdown Will Hit, Not Halt, Asia-Pacific Growth, Says Report By S&P

Nov 28, 2022, 08:00 pm Asia-Pacific will be a bright spot in the global economy in 2023. S&P Global Ratings assumes that domestic...

WHO recommends a new name for Monkeypox disease

Nov 28, 2022, 08:43 pm Following a series of consultations with global experts, WHO will begin using a new preferred term “mpox” as a...

S&P forecast Downside Risks For Asia-Pacific Financial Institutions In 2023

Nov 15, 2022, 09:45 am As per S&P’s forecasts lower growth, rising inflation, and tighter financing will keep downside risks high for...

Asia-Pacific's Strong-Dollar Problem Is An Inconvenience Today, Headache Tomorrow

Nov 11, 2022, 11:15 pm Foreign-exchange risk is bearing down on Asia-Pacific corporates. The effects magnify imported inflation, weigh on...

600 000 doses of cholera vaccine arrive in Lebanon amidst evolving outbreak

Nov 11, 2022, 00:33 am World Health Organization (WHO) has supported the Minister of Public Health of Lebanon to secure a critical...

World Bank Approves $497 Million in Financing to Lower South Africa’s Greenhouse Gas Emissions

Nov 04, 2022, 09:45 pm The World Bank Group Board of Executive Directors approved South Africa’s request for a $497 million project to...

Ten killed, more than 20 wounded in explosion in Baghdad

Oct 30, 2022, 02:53 am Ten people were killed and more than 20 wounded in an explosion in east Baghdad on Saturday, according to security...