News

China’s economy grew by 0.4% in the second quarter of 2023, the slowest pace of growth in over two years. The slowdown is due to a number of factors, including the ongoing COVID-19 pandemic and the war in Ukraine. The pandemic has disrupted supply chains and dampened demand, while the war in Ukraine has pushed…

The European Union has agreed to ban most Russian oil imports, a major step in its effort to punish Russia for its invasion of Ukraine. The embargo will cover seaborne imports of Russian crude oil, but will not include pipeline oil for now. The embargo is expected to come into effect in six months for…

The Supreme Court on Thursday blocked the Biden administration’s vaccine mandate for large businesses, ruling that it exceeds the Occupational Safety and Health Administration’s authority. The 6-3 decision was a major victory for Republican-led states and businesses that had challenged the mandate. The mandate required that all employers with 100 or more employees require their…

White collar hiring in India fell 6% in August 2023, the first decline in eight months, as companies adopted a cautious stance amid rising inflation and geopolitical tensions. The decline was led by the IT and auto sectors, which saw hiring fall by 12% and 10%, respectively. The Naukri JobSpeak Index, which tracks the demand…

The Sensex and the Nifty rose on Monday, tracking gains in global markets on hopes that the US Federal Reserve may pause its interest rate hikes in the near future. The Sensex rose 237.42 points, or 0.42%, to close at 54,529.35, while the Nifty gained 62.10 points, or 0.47%, to close at 16,278.50. The gains…

Seven buildings collapsed in a landslide in Kullu district, Himachal Pradesh, on Thursday, killing at least 238 people. The landslide also injured several people and caused widespread damage to property. The death toll is expected to rise as rescue operations are underway. The landslide occurred in the Anni area of Kullu district, which is about…

Thirty people were detained by the police in Chennai on Thursday for staging a black flag protest against the Tamil Nadu governor, RN Ravi. The protesters were members of the Thanthai Periyar Dravidar Kazhagam (TPDK) and Viduthalai Chiruthaigal Katchi (VCK), two pro-left political parties. The protesters gathered at the Lali Road junction in Chennai and…

A tractor carrying 14 people fell into a drain in Saharanpur, Uttar Pradesh, on Monday, killing 9 people and injuring 5 others. The incident took place in the Sadar Bazar area of the city. The tractor was carrying a group of laborers to work at a construction site. The driver of the tractor lost control…

UBS Ends Taxpayer Backstop Granted for Credit Suisse Rescue Swiss bank UBS has said it no longer needs taxpayer funding after it repaid a $10 billion loan from the Swiss government. The loan was granted to UBS in 2008 during the financial crisis. The repayment of the loan marks a significant milestone for UBS, which…