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RITES Bags Order Worth $3.20 Mln in South America

The PSU firm secured the consultancy and supervision work order from a civil body in Guyana, South America. RITES said it secured a consultancy and supervision work for the construction of the East Bank-East Coast Road Linkage Project (Ogle to Eccles (Haags Bosch)) Phase-1 from the Ministry of Public Works, Guyana for a fee of […]

AI Hiring Tools Discriminate Against People With Disabilities, Warns US

As employers increasingly use artificial intelligence (AI) tools to hire workers, the Department of Justice and the Equal Employment Opportunity Commission (EEOC) in the US have warned that such algorithms can result in unlawful discrimination against people with disabilities. Companies the world over AI and other software tools to help them select new employees, monitor […]

US STOCKS-S&P 500 Ends Higher, Supported by Microsoft

The S&P 500 ended higher on Wednesday following a steep drop the day before, with strong revenue forecasts from Microsoft and Visa helping to alleviate worries about slowing global economic growth and rising interest rates. Microsoft Corp rallied after the software heavyweight late on Tuesday gave a strong revenue forecast, while payments network Visa Inc […]

Missouri Invites Indian Businesses To Expand To The United States

Missouri Partnership, a public-private economic development organization, is inviting Indian businesses to invest in Missouri as part of the next frontier of their business. Strategically located in the center of North America, Missouri efficiently enables businesses to break through to new markets and expand their customer base via its central location and extensive network of […]

US Offers $10 Mn for Information on Russian Intelligence Officers

The US government is offering a reward of up to $10 million for information leading to the identification or location of Russian military intelligence officers who have allegedly conducted malicious activities against the United States, the Department of State said in a press release on Tuesday. “The US Department of State’s Rewards for Justice program, […]

Vancouver’s Later Acquired After New Owner Raises US$135M

Later Media Inc. is being acquired by Boston-based Mavrck LLC after the American company known for working with online influencers raised US$135 million through a strategic investment financed by Summit Partners. The deal closed earlier this month but was announced Wednesday. The exact selling price of Later was not disclosed but the acquisition comes after […]

What Twitter Could Do as a Privately Held Company

If Elon Musk and Twitter get their way, the company will soon be privately held and under his control. The most obvious immediate change would likely be Twitter’s stock being taken off the New York Stock Exchange. But the company would also likely get freed from having to give regular updates about its business to […]

US Aviation Watchdog Likely To Maintain Highest Safety Rating for India

US aviation watchdog Federal Aviation Administration (FAA) has completed the audit of India’s aviation regulator DGCA. Sources said that the FAA team was satisfied with the work and changes in regulations by India and is likely to maintain a Category 1 status rating under its International Aviation Safety Assessment (IASA) program. A continuation of the […]

U.S.-EU High-Level Business Forum on Offshore Wind Power

United States (U.S.) Secretary of Energy, Jennifer M. Granholm, and European Union (EU) Commissioner for Energy, Kadri Simson, co-led the 2022 U.S.-EU Energy Council High-Level Business Forum, which focused on offshore wind energy. It was held in conjunction with the International Offshore Wind Partnering Forum (IPF) 2022, in Atlantic City, New Jersey, on 27 April. […]

Mixed Earnings From U.S. Tech Giants May Do Little To Assuage Worried Investors

A mixed bag of earnings from some of Wall Street’s biggest companies may muddy the outlook for investors hoping to “buy the dip” amid a vicious stock market selloff. With a massive week of corporate results underway, Google parent Alphabet Inc (GOOGL.O) reported first-quarter revenue below expectations on Tuesday, while software giant Microsoft Corp (MSFT.O) […]

US S&P500, Dow Closes Higher

The US stocks turned in a mixed performance on Wednesday, 27 April 2022, with the Dow and the S&P500 indexes settling above the boundary line, supported by strong revenue forecasts from Microsoft and Visa, while the Nasdaq ended down amid concerns about inflation and looming interest rate hikes. At the close of trade, the Dow […]

US, European Shares Advance As Euro Dives to Lowest Since 2017

Key U.S. equity indexes ended higher after choppy trade on Wednesday on a boost from strong earnings from Microsoft and Visa, as commodity stocks lifted European shares to their first gain in four sessions. The euro dropped to its weakest since 2017 after Russia halted gas supplies to Bulgaria and Poland, and investors fretted more […]