US stock marketsopened sharply higher on Friday following the release of stronger-than-expected April jobs data. The report showed that the economy added 177,000 jobs during the month, while the unemployment rate remained steady at 4.2 percent.The data boosted investor confidence and fuelled early gains across major indexes.Shortly after the opening bell, the Dow Jones Industrial…
Amid a deepening standoff with Harvard University, US President Donald Trump on Friday announced plans to strip the prestigious Ivy League institution of its tax-exempt status. The move is the latest in a series of actions by the Trump administration against elite universities.“We are going to be taking away Harvard’s Tax Exempt Status. It’s what…
The US nonfarm payroll employment rose by 177,000 in April, while the unemployment rate remained unchanged at 4.2 percent, according to the latest report from the US Bureau of Labour Statistics. Employment continued to trend up in health care, transportation and warehousing, financial activities, and social assistance, although federal government employment declined as businesses navigated…
Kosmos 482 may look a bit like this (Photo credit: Nasa) A Soviet spacecraft launched in the 1970s for a mission to Venus is now expected to make an uncontrolled return to Earth, according to space debris-tracking experts.Dutch scientist and satellite tracker Marco Langbroek from Delft University of Technology says the re-entry of the failed…
India is exploring options to ramp up fertiliser imports from the United States as part of a broader strategy to diversify sourcing, reduce reliance on countries like China, and help narrow the growing trade imbalance with Washington, a government official told news agency PTI.India’s fertiliser imports declined by 7.16 per cent in 2024-25 to $…
President Donald Trump made an other move against the US media on Thursday May 1, 2025, when he signed an executive order seeking to cut funding to public news outlets NPR and PBS.Both outlets have previously said Trump’s effort to cut such funding would have a “devastating impact” on US citizens who rely on them…
AI generated representative image S&P Global Ratings has lowered the US GDP forecast for 2025, sharply by 50 basis points to 1.5 per cent, while raising its inflation forecast. For 2026, the US growth projection has been lowered by 20 basis points to 1.7 per cent.While there is an increased risk to the downside across…
Representative Image (AI) Global press freedoms were at an “all-time low,” Reporters Without Borders (RSF) said in its annual ranking report on Friday, particularly noting a deterioration under US President Donald Trump.“More than half of the world’s population lives in countries with a ‘very serious’ situation,” the France-based, non-profit organization said in its report, released…
File photo: Japan’s finance minister Katsunobu Kato (Picture credit: AP) Japan’s finance minister Katsunobu Kato has for the first time publicly floated the possibility of using the country’s vast US Treasury holdings, worth over $1 trillion, as a potential card in ongoing trade negotiations with Washington, reported Reuters.In a televised interview on Friday, Kato said…
US President Donald Trump on Thursday signed an executive order aimed at stripping public funding from NPR and PBS, calling the two public broadcasters “biased” and “woke”.The order directs the Corporation for Public Broadcasting (CPB) — which receives over $500 million annually from Congress — to “cancel existing direct funding to the maximum extent allowed…
