Adani empire tumbles again with stock sale hanging in the balance

Investors dumped more Adani shares on Tuesday, deepening the carnage at India’s biggest conglomerate which has already lost around $70 billion in value after allegations of “brazen” corporate fraud. The latest losses came as a stock sale aimed at raising $2.5 billion was due to close later in the day, with only 21 percent of […]

Trump sues legendary journalist over audiobook

The former US president has accused Bob Woodward of “systematic manipulation”

UK retail giant Tesco to axe over 2,000 jobs

Supermarket group Tesco, the biggest retailer in Britain, announced Tuesday plans to slash about 2,100 jobs, as sky-high inflation hikes costs. Tesco plans to cut about 1,750 management roles. It will also axe around 350 jobs with the closure of some pharmacies, all remaining hot food counters and other restructuring. The group said it would […]

Pakistan’s economy in ‘collapse’ as IMF visits

Pakistan is gripped by a major economic crisis, with the rupee plummeting, inflation soaring and energy in short supply as IMF officials visit to discuss a vital cash injection. Prime Minister Shehbaz Sharif for months held out against the tax rises and subsidy slashing demanded by the International Monetary Fund, fearful of backlash ahead of […]

White House says US Covid emergency status to end May 11

The White House said Monday that the national and public health emergencies declared just as the Covid-19 pandemic took grip three years ago will officially end May 11. The end to both federal emergency declarations, which took effect in January 2020 under then-president Donald Trump, will see funds used to subsidize Covid medicines, medical insurance […]

Norway’s sovereign wealth fund loses $164 bn in 2022

Norway‘s sovereign wealth fund, the world’s largest, said Tuesday it recorded a loss of 1,637 billion Norwegian kroner ($164 billion) in 2022, citing volatile markets. “The market was impacted by war in Europe, high inflation, and rising interest rates. This negatively impacted both the equity market and bond market at the same time, which is […]

IMF upgrades Russian economy forecast

The fund expects 0.3% growth in 2023, having previously predicted a contraction

Olympic chiefs react to ‘defamation’ from Kiev

Hurling accusations at the committee won’t lead to a “constructive discussion,” the organization warned

Türkiye reiterates proposal for Finland

Unbundling its NATO bid from Sweden’s would help Helsinki gain Ankara’s consent, Foreign Minister Cavusoglu has said

Workers used glue to fix British nuclear submarine reactor – media

The botched repairs reportedly prompted an urgent investigation as defense chiefs demanded assurances about future work

Expresident seeks to extend US ‘vacation’ – media

Jair Bolsonaro is facing an insurrection probe back home

Is there life on Mars? Maybe, and it could have dropped its teddy

Yogi, Paddington and Winnie the Pooh, move over. There’s a new bear in town. Or on Mars, anyway. The beaming face of a cute-looking teddy bear appears to have been carved into the surface of our nearest planetary neighbor, waiting for a passing satellite to discover it. And when the Mars Reconnaissance Orbiter passed over […]

China angered by new Czech president’s Taiwan call

China criticised Czech president-elect Petr Pavel on Tuesday (Jan 31) for holding a telephone call with Taiwan’s president and foreign minister the day before. Beijing is trying to keep Taiwan isolated on the world stage and opposes countries having official exchanges with Taipei. It claims self-ruled, democratic Taiwan as part of its territory to be […]