Elon Musk, Tesla (NASDAQ:TSLA) Inc’s chief executive, testified on Friday that investors do not always react to his Twitter messages as he expects, defending himself in a fraud trial over his 2018 tweet that he had funding to take the electric carmaker private. Musk’s testimony began with questions about hisContinue Reading
South Korea’s factory activity shrank for a sixth consecutive month in December, a business survey showed on Monday, as the global economic downturn and a local truckers’ strike led to the worst slump in demand in 2-1/2 years. The S&P Global (NYSE:SPGI) purchasing managers’ index (PMI) for South Korea manufacturersContinue Reading
The Philippines’ main gateway remained on reduced operations on Monday after a New Year power outage that jolted its air traffic control, with authorities scrambling to resume full service after more than 300 flights were disrupted. The ageing Ninoy Aquino international airport was early on Monday handling a maximum 15Continue Reading
The U.S. dollar slipped lower in early European trade Friday, handing back some of the previous session’s gains as traders attempt to gauge the Federal Reserve’s likely tightening path in the new year. At 02:55 ET (07:55 GMT), the Dollar Index, which tracks the greenback against a basket of sixContinue Reading
President Joe Biden is set to announce plans on Thursday to send additional military aid to help Ukraine fight back against the Russian invasion, according to a US official. The official, who was not authorized to comment publicly and spoke on the condition of anonymity, said Biden will deliver a Thursday morningContinue Reading
A U.N. task force is warning in a new report that Russia’s war against Ukraine threatens to devastate the economies of many developing countries that are now facing even higher food and energy costs and increasingly difficult financial conditions. U.N. Secretary-General Antonio Guterres launched the report Wednesday stressing that theContinue Reading
The Chinese mainland reported 1,366 new locally-transmitted COVID-19 infections in the last 24 hours, the National Health Commission said Monday. In addition, China’s strict lockdown in Shanghai is affecting global supply chains. Of the local confirmed cases reported Sunday, 836 were in Jilin, 425 in Shanghai, and 16 in Fujian,Continue Reading
Amid escalating tensions between Russia and Ukraine, a Pakistani student stranded in the war-hit country was rescued by the Indian authorities. According to sources, Pakistan’s Asma Shafique, who was rescued by the Indian authorities, is now en route to Western Ukraine for further evacuation out of the country. She willContinue Reading
Russia and Russian companies will be allowed to pay foreign creditors in rubles, according to a decree signed by President Vladimir Putin on Saturday, as a way to stave off defaults while capital controls remain in place. The decree establishes temporary rules for sovereign and corporate debtors to make payments to creditors fromContinue Reading
India abstained from a procedural vote taken in the UN Security Council to call for a rare special emergency session of the UN General Assembly on Russia’s aggression against Ukraine. The resolution was adopted with 11 votes in favor, paving the way for the General Assembly to meet on the crisisContinue Reading
