File photo: Ex-Fed governor Adriana Kugler (Picture credit: AP) Former Federal Reserve governor Adriana Kugler, who resigned abruptly in August, repeatedly broke the central bank’s strict trading rules before stepping down, according to new disclosures released by US ethics authorities.A report by the US Office of Government Ethics, reviewed after the Federal Reserve referred the…
Walmart is set to undergo a major leadership change, as the chief executive, Doug McMillon, will retire next year, after spending a little over 10 years at the position. The company has named John Furner, currently CEO and president of Walmart’s US operations, as his successor. Furner will assume the top job on February 1,…
The Asia Pacific region will require 19,560 new aircraft over the next two decades as rising passenger traffic, rapid fleet expansion and strong growth in markets such as India and China reshape global aviation demand, Airbus said on Saturday, PTI reported.Presenting its long-term market forecast at the Association of Asia-Pacific Airlines (AAPA) Annual Assembly in…
The US Postal Service (USPS) has sought sweeping administrative and legislative changes after reporting a $9 billion annual loss, a marginal improvement from the $9.5 billion deficit posted last year, Reuters reported.New Postmaster General David Steiner said the agency continues to face a “significant systemic annual revenue and cost imbalance” and must accelerate efficiency measures,…
The United States has told Serbia it will not lift sanctions on the country’s largest oil company, NIS, unless Belgrade ensures a complete withdrawal of Russian ownership, Serbian Energy Minister Dubravka Djedovic Handanovic said on Saturday, calling the weeks ahead “some of the most difficult decisions in our history”.NIS — the Petroleum Industry of Serbia…
Rajahmundry Railway station (File photo) New Delhi: Passengers may soon find popular food chains such as KFC, McDonald’s, Baskin Robbins, Pizza Hut, Haldiram’s and Bikanerwala at railway stations. The railway board has revised its catering policy to allow premium brand catering outlets to operate at stations across the country.The proposal to issue guidelines for premium…
America’s ageing and under-maintained roads are pushing cities and states to adopt artificial intelligence tools that can spot hazards, flag repairs and prioritise fixes in real time — a shift gaining pace amid rising traffic deaths and stretched public works budgets.From Hawaii and Texas to San Jose, local governments are deploying AI-powered dashcams, vehicle-mounted cameras…
India could secure a marginal competitive advantage in a select group of agricultural products after the United States removed several items from its reciprocal tariff list, the Global Trade Research Initiative (GTRI) has said in a new analysis.A White House Executive Order issued on November 12 exempted coffee, tea, tropical fruits, fruit juices, cocoa, spices,…
Venezuela has told India it is keen to expand cooperation in the critical minerals sector and attract greater Indian investment, signalling a shift in bilateral engagement beyond the traditional oil partnership, according to the commerce ministry.In a meeting between Commerce and Industry Minister Piyush Goyal and Venezuela’s Minister of Ecological Mining Development Hector Silva, the…
India’s gems and jewellery exports fell sharply in October, sliding 30.57% to $2.17 billion (Rs 19,172.89 crore) compared to the same month last year, according to data released by the Gems and Jewellery Export Promotion Council (GJEPC), PTI reported.Exports in October 2024 had stood at $3.12 billion (Rs 26,237.1 crore).GJEPC chairman Kirit Bhansali said the…
