British Airways will get 32 new Boeing planes, in a deal worth nearly $13 billion, its parent company announced on Friday, a day after U.S. officials teased a big order was coming for America’s largest plane maker. IAG, which owns British Airways and other European airlines, said it had ordered the Boeing aircraft as well…
Representative AI image (Credit: Bing image creator) MUMBAI: Amid escalating tensions between India and Pakistan, companies are putting precautionary measures in place to ensure safety of employees and minimise impact on operations.Dabur is operating its factory in Jammu only during the daytime for now and will reassess the situation on Monday before deciding on a…
At least 44 of the government contracts canceled on the orders of Elon Musk’s cost-cutting initiative have been resurrected by federal agencies, wiping out more than $220 million of his group’s purported savings, according to a New York Times analysis of federal spending data. But Mr. Musk’s group continues to list 43 of those contracts…
India abstained from voting on IMF loan package for Pakistan NEW DELHI: India raised concerns during Friday’s International Monetary Fund’s Executive Board meeting regarding IMF’s financial assistance to Pakistan. While abstaining from voting, India said, “Pakistan has been a prolonged borrower from the IMF, with a very poor track record of implementation and of adherence…
President Trump suggested on Friday that he was open to sharply reducing the tariffs that the United States had imposed on China, as American and Chinese negotiators prepare to meet in Switzerland this weekend for high-stakes trade talks. Trade tensions between the United States and China have roiled international markets and the global economy. The…
The International Monetary Fund (IMF) on Friday approved the immediate disbursement of $1 billion to Pakistan under the ongoing Extended Fund Facility (EFF), drawing sharp opposition from India, which warned the funds could be misused to support state-sponsored cross-border terrorism.The approval came during a board meeting in Washington, where the IMF also reviewed a proposed…
Gerhard Randers-Pehrson, an 81-year-old resident of Ossining, N.Y., believes the $10,000 cap should go up — but not too much. While Mr. Randers-Pehrson, a retired research scientist, said he paid $16,000 in state and local taxes last year, he does not expect to personally benefit from a higher cap. He would take the standard deduction…
Citing sustained structural reforms, improved fiscal metrics, and macroeconomic resilience, global rating agency Morningstar DBRS has upgraded India’s sovereign credit rating to ‘BBB’ with a stable trend.The agency said the rating revision reflects India’s strengthened economic fundamentals, supported by continued infrastructure investment, digital transformation, and a more robust banking sector.“The upgrade reflects Morningstar DBRS’s view…
Robert A.G. Monks, a lawyer and businessman from a prominent Massachusetts family who unsuccessfully ran for the U.S. Senate three times but found a calling in his 40s as an influential defender of shareholder rights, died on April 29 at his home in Cape Elizabeth, Maine. He was 91. The cause was pancreatic cancer, which…
India raised concerns about the IMF’s assessment of Pakistan’s prolonged use of its resources. (AI image) India-Pakistan tensions: India on Friday raised concerns over IMF bailout packages and programs for Pakistan at the International Monetary Fund’s Executive Board meeting. “Pakistan has been a prolonged borrower from the IMF, with a very poor track record of…
