NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi’s government has nothing to hide concerning a deadly attack on a military convoy in Kashmir in 2019, India’s home minister said. Earlier this month, Satya Pal Malik, the then-Jammu and Kashmir governor, alleged that paramilitary personnel were denied air transport and were made to travel by…
By Kathryn Lurie DAVOS, Switzerland (Reuters) – The World Economic Forum returned to Davos on Monday with a unique spring gathering. Here is what you need to know about Day 1: ECONOMIC OUTLOOK ‘DARKENS’ Multiple threats to the global economy topped the worries of the world’s well-heeled at the annual Davos think-fest on Monday, with…
By Gabriella Borter (Reuters) – Around the world, the story of the missing Titanic submersible and its rescue operation’s race against time has been riveting onlookers. People have been glued to their television screens, fascinated by maritime experts detailing the hurdles for rescue efforts in a vast expanse of sea. They have been watching their…
LONDON (AP) — A U.K. ferry operator owned by the government of Dubai faces a Tuesday deadline to explain why it fired 800 workers without notice, while British authorities say they may seek criminal penalties if the company is found to have acted illegally. P&O Ferries fired the crew members over a Zoom call last…
By Granth Vanaik (Reuters) – TJX Cos Inc lifted its annual profit forecast on Wednesday, banking on easing cost pressures to cushion a pullback in consumer spending on discretionary items. The T.J. Maxx parent also missed first-quarter revenue estimates and joined bigger retailer Target Corp in forecasting a downbeat second quarter as sticky inflation forces…
SINGAPORE (Reuters) – Dyson, the inventor of the bagless vacuum cleaner, said on Friday it would invest S$1.5 billion ($1.1 billion) in Singapore over the next four years, the newest phase of a S$4.9 billion global investment plan. When Dyson announced the global investment plan in 2020, it said the money would be divided between…
By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines first officer Phil Anderson has turned down opportunities to be promoted to captain as he does not want the unpredictable schedule that comes with the bigger paycheck. Anderson is one of many who have passed on that promotion at United, and analysts and union officials said…
By Victoria Waldersee BERLIN (Reuters) – Germany has managed to fill its gas reserves to 91.32% of capacity, allaying fears it could run out this winter after Russian gas flows fell sharply following European sanctions over the invasion of Ukraine – but it has come at a price. One in ten mid-sized companies, which provide…
By Tom Hals WILMINGTON, Del. (Reuters) -Billionaire Elon Musk’s tendency to dish out insults while being questioned under oath will be tested anew this week, when lawyers for Twitter Inc are expected to interview the Tesla Inc CEO about his abrupt decision in July to ditch his $44 billion deal for the social media company….
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks rallied on Friday as strong corporate earnings helped lift sentiment even as worries over economic weakness lingered, while investors were also waiting on a policy decision from the Bank of Japan. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.94% higher but remained on course to…
