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Business

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21 percent six-month loss strips S&P 500 of $8 trillion in value

NEW YORK CITY, New York: After the first six months of 2022, the S&P 500 recorded a loss of 20.6 ...

Washington reports US economy falls 1.6 percent in Q1 2022

WASHINGTON D.C.: Due to the record high trade deficit and a resurgence in COVID-19 infections that curbed spending on services, ...

Chip design center to be built by MediaTek, Indiana Purdue University

TAIPEI, Taiwan: The world's fourth largest chip designer by revenue, Taiwan's MediaTek, has told Reuters that it plans to create ...

Stock markets in U.S. revive after sharp sell-off, dollar forges ahead

NEW YORK, New York - U.S. stocks rebounded on Friday, a day after major across-the-board sell-offs."Consensus estimates for 2022 and ...

Swiss pharma Novartis to cut 7.4% of global workforce

GENEVA, Switzerland: Swiss pharmaceutical group Novartis has said, as part of its previously announced restructuring program, that it could cut ...

Shanghai Disney opens gates after city ends Covid lockdowns

SHANGHAI, China: Walt Disney Company reopened Shanghai Disneyland on 30th June, one month after the city lifted a two month ...

World

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Arab states reaching energy targets with alternative solar, wind power

DUBAI, UAE: The Arab states have built significant amounts of solar and wind power installations, and are in line to ...

Indian hospital treats chemotherapy patients on road after floods

ASSAM, India: During this week's heavy rains, which caused the region's worst floods in years, staff at the Cachar Cancer ...

Junta air force strikes back after military outpost attacked

KAREN STATE, Myanmar - Over the past three days, an army outpost meters away from Myanmar's border with Thailand has ...

Unable to staff airports, Germany to bring in foreign workers

BERLIN, Germany: A German Interior Ministry spokesperson has said that in a bid to relieve airports overwhelmed by staff shortages ...

Watford FC bans Qatar friendly due to fans' human rights concerns

WATFORD, UK: Watford F.C. has cancelled a friendly match against the Qatar national team due to the Gulf country's human ...

Indonesian president seeks immediate ceasefire in Ukraine

JAKARTA, Indonesia: Indonesian President Joko Widodo has said that he will urge his Russian and Ukrainian counterparts to open peace ...

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