India increases spending in latest budget before election

India increases spending in latest budget before election

NEW DELHI, Feb 1 (Reuters) – India’s government on Wednesday unveiled a $550 billion budget for the next fiscal year which starts on April 1, with a record capital spending plan while containing the budget deficit. Prime Minister Narendra Modi’s party, which faces elections in key states this year and a national vote in 2024, … Read more

Suspects arrested in Pakistan mosque blast, police focus on how suicide bomber got in

Suspects arrested in Pakistan mosque blast, police focus on how suicide bomber got in

PESHAWAR, Pakistan, Feb 1 (Reuters) – Police investigating a suicide bombing that killed more than 100 people at a Pakistani mosque said on Tuesday that several people had been arrested and they could not rule out the possibility that the perpetrator of the attack received assistance from internal security checks. The bombing was the deadliest … Read more

Gautam Adani loses Asia’s richest crown as stock rout worsens to $84bn

Gautam Adani loses Asia’s richest crown as stock rout worsens to bn

BENGALURU, Feb 1 (Reuters) – Indian tycoon Gautam Adani lost his title as Asia’s richest person on Wednesday as the rout of his conglomerate’s biggest companies worsened to $84 billion following a a report on short sellers. A Hindenburg Research report last week alleged the group’s misuse of offshore tax havens and stock manipulation, as … Read more

‘Hands off Africa,’ Pope Francis tells the rich world

‘Hands off Africa,’ Pope Francis tells the rich world

Pope begins trip to DR Congo and South Sudan Fran├žois meets the victims of the war in the Congo Trip postponed from July due to Pope’s knee disease KINSHASA, Jan 31 (Reuters) – Pope Francis denounced the “poison of greed” driving conflict in Africa as he began a visit to the Democratic Republic of Congo … Read more

Missing radioactive capsule found in Western Australia

Missing radioactive capsule found in Western Australia

SYDNEY, Feb 1 (Reuters) – Australian authorities on Wednesday discovered a radioactive capsule that was lost in the vast Outback after nearly a week of searching on a 1,400 km (870 mile) stretch of highway, said an emergency services manager. The military was checking the capsule and it would be transported to a secure facility … Read more

Russia continues its Donetsk campaign; Ukraine wants fighter jets

Russia continues its Donetsk campaign;  Ukraine wants fighter jets

The city of Bakhmut comes under new fire – The Ukrainian army Zelenskiy talks to senior defense officials US prepares $2.2 billion arms package for Ukraine KYIV, Feb 1 (Reuters) – Russian forces are gradually gaining ground in eastern Ukraine’s Donetsk province, focusing on the town of Bakhmut, north of the regional capital. After finally … Read more

Intel cuts employee and executive salaries amid slowing PC market

Intel cuts employee and executive salaries amid slowing PC market

Jan 31 (Reuters) – Intel Corp (INTC.O) said on Tuesday it had made sweeping pay cuts for employees and executives, a week after the company released lower-than-expected sales guidance in due to a loss of market share to rivals and a slowdown in the PC market. The cuts will range from 5% of base pay … Read more

Exxon smashes the profits of Western oil majors with $56 billion in 2022

Exxon smashes the profits of Western oil majors with  billion in 2022

HOUSTON, Jan 31 (Reuters) – Exxon Mobil Corp (XOM.N) posted net profit of $56 billion for 2022, the company said on Tuesday, grossing around $6.3 million per hour last year and setting not just a corporate record, but a historical record for the Western oil industry. The oil majors are expected to break their own … Read more

US seeks Tesla driver assistance documents; the company increases its investment forecast

US seeks Tesla driver assistance documents;  the company increases its investment forecast

WASHINGTON, Jan 31 (Reuters) – Tesla Inc (TSLA.O) said on Tuesday it has received requests from the U.S. Department of Justice for documents related to its fully autonomous driving assistance systems and Autopilot as the regulatory scrutiny intensifies. Reuters reported in October that Tesla was under criminal investigation over allegations that the company’s electric vehicles … Read more

France hit by a new wave of strikes against Macron’s pension reform

France hit by a new wave of strikes against Macron’s pension reform

The reform would raise the retirement age to 64 Schools, transport networks, refinery deliveries affected Macron: an essential reform to ensure the viability of the pension system SAINT-NAZAIRE, France, Jan 31 (Reuters) – Strikers disrupted deliveries to French refineries, public transport and schools on Tuesday in a second day of nationwide protests against President Emmanuel … Read more