NEW YORK, New York - Technology stocks were all the rage in New York on Tuesday, pushing the broader industrial stocks higher in their wake.Across the globe, stocks roared as markets breathed relief that new Covid variant Omicron is not as severe as initially expected."A week ago we saw a big scare because of Omicron and over the following week it appeared to be very contagious but less severe than people

Globally stocks roar, Nasdaq gains nearly three percent

Buyers swarm world's stock markets pushing shares sharply higher

U.S. stocks tack on to global rally, Nasdaq jumps 456 points

OMAHA, Nebraska: Expect retail giant Costco to develop a major internet presence and become an important competitor to Amazon, according to Berkshire Hathaway vice chairman Charlie Munger.Speaking at a conference last week, the 97-year-old Munger described the current marketplace as being "even crazier than the dot-com boom."At the same time, he praised Costco. Berkshire Hathaway held shares valued at $

Berkshire's Charlie Munger says Costco will be 'huge internet player'

Costco will succeed against Amazon, says Berkshire's Charlie Munger

Berkshire's Charlie Munger says Costco will compete against Amazon

SYDNEY, NSW, Australia - Stocks roared in Asia on Tuesday after China's central bank eased monetary conditions to stave off a collapse in property stocks."In order to keep the liquidity of the banking system adequate at a reasonable level, the People's Bank of China conducted reverse repo operations in the amount of RMB 10 billion through interest rate bidding on December 7, 2021," the bank said in a <a href="ht

Asian stock markets solidly higher after China eases monetary policy

Asian stocks rise on Chinese policy shift, Hang Seng gains 600 points

Move by Chinese central banks lifts stocks in Asia

BURBANK, California: The Walt Disney Co. has announced that Susan Arnold will become the new board chairman, replacing long-time chairman Bob Iger. Disney said that Arnold, who has sat on the company's board for 14 years and served as its independent lead director since 2018, will take over when Iger, who has served as chairman of the board since 2012, departs at the end of the year. Arnold, who came to D

Long-time board member Susan Arnold named chairman of Disney

Susan Arnold named next chairman of Disney Company

New chairman of Disney Company is board member Susan Arnold

NEW YORK, New York - U.S. stocks rallied on Monday as fears over the new Covid variant Omicron subsided."Reports of the omicron symptoms being less severe are boosting risk appetite, but it's too soon to get carried away," Craig Erlam, senior market analyst at OANDA said in a note, CNBC reported. "For one, we've seen this repeatedly since the initial news broke a little over a week ago. Markets have been very he

Dow Jones jumps 647 points as Omicron fears subside

Wall Street rebounds with Dow gaining nearly 650 points

U.S. stocks roar back as concerns over Covid variant diminish

SINGAPORE: Singapore-based Grab, the major ride sharing app used in South East Asia, has made its stock market debut on New York's Nasdaq index, with shares initially rising before falling sharply. Valued at more than $40 billion, the listing was the largest-ever U.S. listing for a South East Asian firm, but instead of a conventional share sale, Grab went public using a shell company, Spac, designed to make the 

Ride hailing app Grab sees $40 billion stock market debut on Nasdaq

In debut, Asian ride sharing app Grab valued at $40 billion on Nasdaq

Grab app valued at $40 billion in debut on Nasdaq

SYDNEY, NSW, Australia - Stocks in Asia closed modestly lower Monday as markets appeared to be coming to grips with the Omicron variant, while in Hong Kong the demise of China Evergran de edged closer.The embattled property giant told regulators on Friday it had received a demand for repayment of $269 million which it admitted it would have difficulty in meeting."In the event that the Group is unable to m

Asian stocks modestly lower as Evergrande demise looms

Stocks in Asia slip as Chinese property giant teeters on edge

China Evergrande worries keep lid on Asian stock markets

WASHINGTON D.C.: In a reversal of the predictions of expected job growth issued by economists, U.S. employers hired only 210,000 more workers in November, while the unemployment rate dropped to 4.2 percent from 4.6 percent in October. However, more Americans returned to the workforce and wages rose month-on-month. However, President Joe Biden described the jobs recovery as "very strong". "Today's historic

US November jobs growth falls short, other indicators improve

US November jobs growth falls short of expectations

US saw only 210,000 hired in November, falls short of expectations

DETROIT, Michigan: General Motors has announced that it will construct a new cathode factory in North America for its electric vehicle (EV) batteries, under a joint venture with South Korea's Posco Chemical.The factory will process cathode active material, which accounts for some 40 percent of the cost of an EV battery cell.Cobalt is a key component found in batteries, but is the most expensive material

In bid to cut costs of batteries, GM to build cathode battery plant

General Motors to build cathode battery plant in North America

GM cathode battery plant seeks to lower cost of electric car batteries

MCLEAN, Virginia: Capital One bank has announced plans to cancel overdraft fees early next year, and becoming the largest bank to cancel the fees which cost Americans, especially those financially vulnerable, billions of dollars per year.The move came as the head of the U.S. government's consumer watchdog promised to focus on fees, which make up two-thirds of bank fee revenues.Capital One, the sixth lar

Capital One becomes first major bank to cancel overdraft fees

As bank fees questioned, Capital One ends overdraft fees

Capital One takes lead among major bank by ending overdraft fees

DETROIT, Michigan: Commerce Secretary Gina Raimondo visited Detroit to highlight the urgent need to manufacture semiconductor chips in the United States, as a shortage is continuing to stifle Michigan's automotive industry.During her visit, she met with U.S. Rep. Debbie Dingell, U.S. Senators Debbie Stabenow and Gary Peters, other members of Michigan's congressional delegation and officials from the United Auto

Washington lobbies for building domestic semi-conductor chip factories

White House seeks support for bills to subsidize chip factories

To end chip shortage, build U.S. factories, says White House

LONDON, England: British Airways has suspended flights to Hong Kong, after its crew members were reported to have been forced to quarantine in a government center, which follows a similar incident the week before.Hong Kong is maintaining a zero-Covid policy in order to reopen its border with mainland China.British Airways confirmed it has temporarily stopped flights "while we review operational requirem

BA suspends Hong Kong flights after crew forced to quarantine

Brit Air halts Hong Kong flights over China's quarantine rules

Brit Air halts Hong Kong flights as China forces crews to quarantine

NEW YORK, New York - U.S, stocks had a volatile day on Friday before all the major indices finished in the red.A poor jobs report for November and lingering concerns about the new Covid variant Omicron held buyers at bay."The uncertainty regarding Omicron is high, but coupled with the disappointing jobs number and investors decided to dump in front of the weekend," Ryan Detrick, chief market strategist at

U.S. technology stocks take a beating, Nasdaq loses 296 points

Disappointing November jobs report unsettles U.S. stock markets

Wall Street finishes week lower on poor jobs report and Omicron fears

WASHINGTON D.C.: Earlier this month, the federal Education Department announced it is canceling another round of student loan payments, adding that those eligible are now being notified via email.The new round will cancel loans worth $2 billion, reported Yahoo Money.According to Fortune, the initiative is part of an overhaul of the Public Service Loan Forgiveness program, which grants loan relief to tea

Biden White House cancels $2 billion in student loans

U.S. cancels $2 billion in student loans, after earlier writes offs

U.S. government writes off $2 billion in student loans

YOKOHAMA, Japan: The Covid Omicron variant of COVID-19 could add pressure to a chronic shortage of microchips used in car manufacturing, warned Makoto Uchida, head of Nissan Motors.The shortage could also hinder production of other electronic products, such as washing machines and smartphones which rely on semiconductor chips.It remains too early to know when normal deliveries of chips will resume, he a

Nissan head: Omicron Covid variant could slow global chip recovery

Omicron could derail recovery from chip shortage, says Nissan head

Nissan head warns that Omicron Covid variant could harm auto industry

SYDNEY, NSW, Australia - Stocks in Asia were mostly higher on Friday as investors and traders took emerging news about the spread of the Covid variant Omicron on the chin."The Fed is not ignoring the threat from Omicron, but are choosing not to let it delay policy responses that suggest a more business as usual outlook," Commonwealth Bank of Australia strategist Tobin Gorey told Reuters Friday."OPEC+ has 

Asian stock markets finish week higher, Nikkei 225 gains 276 points

Stocks in Asia rebound, Japan's Nikkei 225 leads way

Asian stocks make good gains, U.S. dollar drifts higher

AUSTIN, Texas -- Nearly seven in ten Americans say billionaires are not paying their fair share in taxes, according to a new survey.Among likely voters, 65 percent say they support taxing the stock-market gains of the ultrarich.Morris Pearl, board chair of the group Patriotic Millionaires, said raisin

70 percent of Americans say billionaires not sharing tax burden

Most in America want super rich to pay more taxes

Two-thirds of American voters want rich to pay tax on stock gains

MEXICO CITY, Mexico: The venture capital firms, Spain's Seaya Ventures and France's Cathay Innovation, have established a joint fund aimed at investing in innovative startups across Latin America.In April, the two firms officially combined and have since opened an office in Mexico City, where they will manage the "Seaya Cathay Latam Fund" worth $125 million, focusing on Series A and B investments, and with rese

Seaya, Cathay Innovation targets startups with $125M fund

Seaya, Cathay Innovation to boost Latin American startups with $125M

Seaya, Cathay Innovation to fund Latin American startups

By AniMumbai (India), December 7 (ANI): Indian stock markets bounced bank on Tuesday with benchmark Sensex surging 886 points on broad-based buying support in line with the surge in global equities. The rally in the stock markets made investors richer by Rs.3 lakh crore.
The 30-stock SP BSE Sensex of the Bombay Stock Exchange closed at 57,633.65 points on Tuesday, 886.51 points or 1.56 per cent higher than its previous da

Sensex jumps 886 points; metal, auto, banking stocks rally

New Delhi [India], December 7 (ANI/NewsVoir): Vedanta Aluminium Business, India's largest producer of aluminium and its value-added products, extends invitation to aluminium producers at the Enterprise Odisha 2021 event for partnering in its Aluminium Park project which will come up at Jharsuguda, Odisha.
With an aspiration to 'Make in India for the world', Vedanta Aluminium has partnered with Odisha Industrial Infrastruc

Vedanta Aluminium invites partners for Aluminium Park at Odisha

LONDON, England: Shell Oil announced this week that it has abandoned its plans to develop the Cambo oil field west of Shetland in the UK. Industry observers note that the decision poses major ramifications for oil exploration in the region. Shell Oil, which had planned to conduct field explorations by venturing with Siccar Point, justified its decision based upon the economic infeasibility of the enormous

Shell Oil gives up on developing offshore oil in UK's Cambo oilfield

Shell says it will not drill for offshore oil in UK's Cambo oilfield

After decades of delays, Shell Oil gives up on UK's Cambo oilfield

The surprise Japanese attack on the US fleet anchored at Pearl Harbor on December 7, 1941 was a tactical victory but a strategic defeat, clearing the way for US entry into WWII. History teaches that it was inevitable, but was it?Over 2,400 Americans died that Sunday morning as the 1st Air Fleet of the Imperial Japanese Navy, the dreaded Kido Butai, struck the Pacific Fleet at anchor on the Hawai

What made Pearl Harbor inevitable

Shell has scrapped plans to invest in Cambo, a proposed oilfield off the Shetland Islands. The fossil fuel supermajor has been shedding UK assets for a while. It sold a large refinery complex in Cheshire in 2011 and US$3.8 billion (Pound 2.64 billion) of North Sea assets <a href="https://www.shell.com/media/news-and-media-release

Why Shell pulled out of the Cambo oilfield

As a professor of geophysics, I have spent 36 years training young geologists destined to work in the fossil fuel industry how to look for oil and gas. But now I believe it's time to stop fossil-fuel exploration and halt the development of all new oil and gas fields. We cannot safely set fire to all the fuel we've already found, so why look for more?BP's annual <a href="https://www.bp.com/content/dam/bp/business

We should ban all new oil and gas fields

BASRA, IRAQ - A bomb killed four people in the southern Iraqi city of Basra on Tuesday, the first such attack in years in a part of the country that has enjoyed relative stability, and a senior official said Islamic State militants were suspected of carrying it out.The blast, near a major hospital in the predominantly Shi'ite Muslim city, was caused by a motorbike rigged with explosives, the military said in a s

Motorcycle Bomb Kills 4 in Iraq, Official Blames Islamic State

&copy; Provided by Xinhua In view of rising global concerns over the new COVID-19 variant Omicron, India announced new rules for arriving international passengers, especially from "at-risk" countries. by Peerzada Arshad HamidNEW DEL

India announces new rules for int&#039;l arrivals amid Omicron fear

Covid-19 has led to a dramatic drop in global air travel as the aviation industry marks its annual International Civil Aviation Day today, December 7."Collapse," "an unprecedented decline in history," and "stagnation" - these are the terms used by the International Civil Aviation Organization (ICAO) to describe the current state of global air travel.In its report, the ICAO says that in 20

Staggering travel decline spoils World Aviation Day

New Delhi [India], December 7 (ANI): Minister of Civil Aviation Jyotiraditya M. Scindia chaired a meeting on Tuesday of the Consultative Committee of the Ministry of Civil Aviation to discuss the issue of "Flying Training Organizations (FTOs)" amid fast-growing Indian aviation industry, informed the Ministry.
"The role of India's FTOs has become critical as the fast-growing Indian aviation industry requires the growing su

Aviation Minister Jyotiraditya Scindia chairs meet on Flying Training Organizations

New Delhi [India], December 7 (ANI): Australian envoy to India Barry O'Farrell welcomed the launch of Qantas airways flights from India on Tuesday.
"Welcome back to India, @Qantas! Kangaroo Airplane," O'Farrell said in a tweet.
"The inaugural QF68 flight from Delhi to Sydney is now airborne. See you soon @SydneyAirport," he added.
Australia's Qantas airways on Monday launched commercial flight services to India.
"Today ma

Australian envoy welcomes launch of Qantas airways' flights from India

Mumbai (Maharashtra) [India], December 7 (ANI): Nearly 30,000 travelers have been screened for COVID19 at several airports in Maharashtra, where 10 people have tested positive for Omicron, State's Health Surveillance Officer said on Tuesday.
While talking to ANI, Dr Pradeep Awate, State's Health Surveillance Officer said that the tally of Omicron cases in Maharashtra now stands at 20.
On Monday, two more people tested pos

Nearly 30,000 travelers screened for COVID19 at several airports in Maharashtra: Official

New Delhi [India], December 7 (ANI): With the number of passengers arriving in India increasing, the Civil Aviation Minister Jyotiraditya Scindia on Tuesday said that he has taken stock of preparedness, testing capacities and situation on the ground with regard to crowd management at all airports and issued an action plan.
"Took stock of the preparedness, testing capacities, and the situation on the ground with regard to 

Omicron: Aviation Minister takes stock of preparedness at airports, issues action plan

Taipei [Taiwan], December 7 (ANI): Amid the growing military incursions from Beijing, at least nine Chinese military planes on Tuesday entered Taiwan's southwest air defence identification zone (ADIZ).
"9 PLA aircraft (J-106, J-162 and Y-8 EW) entered Taiwan's southwest ADIZ on December 7, 2021," Taiwan's Ministry of National Defense tweeted.
On Monday, at least four Chinese military planes into Taiwan's ADIZ. Meanwhile, 

9 Chinese military planes enter Taiwan defence zone

After the famous 'Doolittle Raid', one of the American bombers that had taken part landed on Soviet territory. The crew hoped to leave the USSR immediately but, instead, ended up embarking on a 13-month journey across half the country.On April 18, 1942, the U.S. Air Force attacked Japan for the first time in World War II. Sixteen B-25 Mitchell bombers launched surprise air strikes on military and industrial targ

Why did the USSR detain American pilots who bombed Tokyo

Japanese Marshal Admiral Isoroku Yamamoto contributed to the most disastrous defeat in the history of the Imperial Russian Navy. However, in the end, fate would not give him the opportunity to go head to head with the Soviet one.On Sunday, December 7, 1941, citizens of the United States experienced a massive shock: Japanese aviation had carried out a sudden strike on the Pacific Fleet, stationed at the Pearl Har

How the architect of the Pearl Harbor attack fought against Russia

https://www.taiwannews.com.tw/en/news/4367540Taipei [Taiwan], December 7 (ANI): In yet another instance of growing military threats from Beijing, at least four Chinese military planes on Monday incurred into Taiwan's air defence identification zone (ADIZ), marking the fifth intrusion this month.
As reported by Taiwan News, two People's Liberation Army Air Force (PLAAF) Shenyang J-11 fighter planes, one Shaanxi Y-8 anti-su

Four Chinese military planes enter Taiwan defence zone

New Delhi [India], December 6 (ANI): As a measure to revive the civil aviation sector of India, which was "affected due to severe disruption caused by the COVID-19 pandemic" the Airports Authority of India (AAI) has taken up a development programme to spend around Rs 25,000 crores in the next five years.
The Ministry of Civil Aviation on Monday informed that the amount will be used for the expansion and modification of ex

Airports Authority of India to spend about Rs 25,000 cr for expansion, modification of existing, new terminals

ISTANBUL - Turkish President Recep Tayyip Erdogan starts a two-day visit to close ally Qatar on Monday. Afghanistan and economic support for Turkey's crisis-ridden economy are expected to be on the agenda of talks between the two countries' leaders.Turkish and Qatari officials say President Recep Tayyip Erdogan's two-day visit to Qatar aims to further deepen bilateral cooperation.<img alt="FILE - Sheikh T

Turkey and Qatar Leaders Meet Amid Growing Isolation

New Delhi [India], December 6 (ANI): Delhi government on Monday issued a show-cause notice to Etihad Airways for the alleged violation of guidelines for international arrivals issued by the Centre related to the COVID-19 variant Omicron.
As per an official statement, the Delhi government has issued a show-cause notice to Etihad Airways for the alleged violation of guidelines for international arrivals issued by the Centre

Omicron: Delhi government issues a show-cause notice to Etihad Airways for violating norms for international arrivals

New Delhi [India], December 6 (ANI): The Enforcement Directorate (ED) has summoned Bollywood actress Jacqueline Fernandez to appear before the investigators on December 8 here in the national capital in connection with its ongoing probe in Rs 200 crore money laundering case linked to conman Sukesh Chandrasekhar, said sources.
Fernandez has been asked to be present at the ED office by 11 am on December 8 as her questioning

ED summons Jacqueline Fernandez on December 8 in Rs 200-cr money laundering case

By Fiji-OmicronSuva, [Fiji] December 6 (ANI): Fiji reported two confirmed cases of Omicron, the COVID-19 variant first discovered in South Africa, on Monday.
According to Fiji's Permanent Secretary for Health James Fong, the two cases of the Omicron variant, both fully vaccinated Fijian citizens, were confirmed after their samples sent for testing in Australia returned positive.
They had travelled back to Fiji from Nigeri

COVID-19: Fiji confirms two cases of Omicron variant

New Delhi [India], December 6 (ANI): As India and Bangladesh celebrated the 50th anniversary of diplomatic relations, Foreign Secretary Harsh Vardhan Shringla said that both countries will cooperate increasingly in the digital space.
"India and Bangladesh will cooperate increasingly, as the pandemic cooperation between healthcare professionals has shown, in the digital space," Shringla said during the 50th anniversary of 

India, Bangladesh will cooperate increasingly in digital space: Shringla at 'Maitri Diwas'

Hong Kong, December 6 (ANI): In the past few years, the fate of Taiwan has become a hot topic as the Chinese People's Liberation Army (PLA) threatens it with ongoing aircraft flybys and navalcircumnavigation.
Voices are approaching a concerned crescendo, with Admiral Philip Davidson, head of the US Indo-Pacific Command, warning the US Congress that a Chinese attack could occur by 2027 or sooner.
He testified, "I worry tha

China's threat to Taiwan grows

New Delhi [India], December 6 (ANI): Delhi's Leader of Opposition and Bharatiya Janata Party (BJP) leader Ramvir Singh Bidhuri has moved the Delhi High Court seeking quashing of summoning order and a criminal complaint filed against him and others by Delhi Jal Board (DJB) and its Vice-Chairman and AAP leader Raghav Chadda.
Earlier, Delhi's Rouse Avenue District Court Complex issued summons to Delhi BJP President Adesh Gup

Delhi BJP leader Ramvir Singh Bidhuri moves Delhi HC challenging summons in a defamation case

Canberra [Australia], December 6 (ANI): Australia's Qantas airways on Monday launched commercial flight services to India after nearly ten years.
"Today marks @Qantas' first commercial Australia to India flight in almost a decade!" Sydney airport informed in a tweet.
The first flight departed from Sydney Airport and landed in Delhi after making a stop in Adelaide.
Meanwhile, the national airline is operating three return 

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