Washington: US President Joe Biden has called two of his QUAD partners – India and Japan – and two of his adversaries – Russia and China – “xenophobic” nations, asserting that none of these countries, unlike the United States, welcome immigrants. “This election is about freedom, America and democracy. That’s why I badly need you. … Read more
Philosopher Nick Bostrom is surprisingly cheerful for someone who has spent so much time worrying about ways that humanity might destroy itself. In photographs he often looks deadly serious, perhaps appropriately haunted by the existential dangers roaming around his brain. When we talk over Zoom, he looks relaxed and is smiling. Bostrom has made it … Read more
A lack of skilled workers in the country is pushing up UK wages. The dearth of affordable housing has seen landlords put up rent by an average of 9% in a single year, weighing on inflation. New costs and controls at the border after Brexit are creating headaches for exporting companies. This cocktail of pressures … Read more
A surge in fraud cases in which photos are manipulated to show fake car crash damage is alarming insurers and helping to push motor insurance costs up to record levels. The insurer Allianz said incidents where apps were used to distort real-life images, videos and documents increased by 300% between 2021-22 and 2022-23, and it … Read more
TikTok and Universal Music Group have reached a deal that will allow songs and artists from its labels including Olivia Rodrigo and Drake to return to the video-sharing app. The world’s largest music company began pulling content from TikTok in February after falling out with it over issues including artist compensation and the use of … Read more
The number of Americans filing new claims for unemployment benefits held steady at lower levels last week as the labor market remains fairly tight. Initial claims for state unemployment benefits were unchanged at a seasonally adjusted 208,000 for the week ended April 27, the Labor Department said on Thursday. Economists polled by Reuters had forecast … Read more
Strong sales of diabetes and weight loss drugs Ozempic and Wegovy have prompted the Danish pharmaceutical company Novo Nordisk to raise its 2024 profit forecast to up to £15.3bn, with supply shortages starting to ease. Europe’s most valuable company, whose stock market value exceeds the size of the Danish economy, has struggled to keep up … Read more
(WJET/WFXP) — Joshua Dean, formerly an auditor at Spirit Aerosystems and whistleblower who alleged Spirit had failed to address defects along the Boeing 737 production line, has died Tuesday after a two-week fight with an infection. He was 45 years old. According to a Facebook post from his mother, he was hospitalized with Influenza B … Read more
The short-term trend of Nifty is choppy with range-bound action. Any upside from here could encounter strong resistance around 22,800 levels. Immediate support is at 22,550 levels and a slide below the support could trigger some more weakness ahead, Nagaraj Shetti of HDFC Securities said.Open Interest (OI) data showed that on the Call side, the … Read more
More than 10,500 of London’s black-cab drivers have launched a £250m legal case against Uber, accusing it of breaking the capital’s taxi booking rules and deliberately misleading authorities to secure a licence. The case, which has been filed in the high court in London by the litigation management firm RGL, resurrects a claim first raised … Read more
