Business
US Fed widely expected to raise interest rates by 0.75 percentage points
London, July 25 The Federal Reserve is widely expected to raise interest rates by 0.75 percentage points at its July policy meeting, Financial Times reported. Officials such as Fed governor Christopher Waller have in the past few weeks signalled that the central bank will deliver the same size interest rate ...Tata Group warns Port Talbot steelworks could close without subsidy deal
London, July 23 The owner of the UK's biggest steelworks, Tata Group, has warned its sites could be shut without subsidies for reducing carbon emissions, reports claim, according to BBC. Tata Group wants to reach a deal for the UK government to provide 1.5 bn pound towards this, the Financial ...German tourists advised to ditch black suitcases, use colourful luggage to avoid airport delays
Berlin, July 23 German holidaymakers are being advised to ditch black suitcases and kit themselves out with more colourful and eye-catching luggage instead to make locating them easier at airports struggling with baggage handling chaos. Stefan Schulte, the head of Frankfurt airport, has said the predominance of black suitcases has ...Oil and gas industry delivered $2.8bn a day in pure profit for last 50 years
London, July 21 The oil and gas industry has delivered $2.8 billion a day in pure profit for the last 50 years, a new analysis has revealed, The Guardian reported. The vast total captured by the petrostates and fossil fuel companies since 1970 is $52 trillion, providing the power to ...Amazon acquires primary healthcare firm One Medical for $3.9 bn
San Francisco, July 21 Amazon on Thursday announced it has acquired primary healthcare organisation One Medical for approximately $3.9 billion, as the e-commerce giant steps up efforts to reinvent healthcare in digital and virtual era. One Medical combines in-person care in inviting offices across the country with digital health and ...Nord Stream 1 resumes gas deliveries to Germany after maintenance
Berlin, July 21 Gas deliveries through the German-Russian pipeline Nord Stream 1 resumed on Thursday morning after 10 days of maintenance, the German news agency dpa reported. Gas is flowing again and the gas transport level via Nord Stream 1 has resumed at the pre-maintenance level, around 40 per cent ...Uber files: UK union stages 24-hour strike to make CEO accountable
London, July 21 In the wake of the shocking Uber Files revelations, the UK's App Drivers and Couriers Union (ADCU) staged a 24-hour strike till Wednesday midnight, demanding that the ride-hailing platform be held accountable for breaking laws, secretly lobbying governments and exploiting driver safety to expand aggressively from 2013 ...Russian gas shutdown would send some EU countries into recession: IMF
London, July 19 A total shutdown of Russian gas supply would reduce GDP in the most vulnerable EU countries by as much as 6 per cent and send them plunging into recession, the International Monetary Fund has warned, media reports said. Amid speculation that Russian President Vladimir Putin will keep ...Ghana commits to fiscal discipline to mitigate economic headwi
Accra, July 16 The Ghanaian government is committed to fiscal measures to help mitigate the impact of global economic headwinds on the local economy, the Ministry of Finance said in a statement. The statement was released on Friday after the first round of talks with the International Monetary Fund (IMF) ...Virgin Atlantic cancels Delhi-London flight
New Delhi, July 15 Amid the Heathrow Airport's decision to limit the number of passengers to one lakh a day, Virgin Atlantic cancelled its Delhi-London flight on Thursday. Industry sources claimed that other airlines could also cancel flights in the coming days due to capacity constraints. Owing to staff crunch, ...
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