Mon, 12 May 2025

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Business

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Budget airlines struggle as big carriers gain in tough market
Low-cost carriers hit hardest by US travel demand slump

CHICAGO, Illinois: All U.S. airlines are feeling the impact of falling travel demand caused by President Trump's trade war. But low-cost...

AWS to invest $4 billion in first Chile data centers
Amazon to spend $4 billion on cloud infrastructure in Chile

SANTIAGO, Chile: Amazon Web Services (AWS) will invest US$4 billion to establish its first data centers in Chile, aiming to tap into...

US and China officials to hold key trade talks in Switzerland
US, China holding ice-breaker trade talks in Geneva on Saturday

WASHINGTON/BEIJING: U.S. Treasury Secretary Scott Bessent and lead trade negotiator Jamieson Greer are meeting China's top economic...

Disney surpasses earnings forecasts on streaming and parks strength
Disney earnings soar on resilient streaming, US parks revenue

LOS ANGELES, California: Walt Disney Co. posted stronger-than-expected quarterly earnings, buoyed by solid gains in its Disney+ streaming...

Skechers to go private in $9.42 billion deal
Skechers to go private for $9.42 billion in biggest sneaker deal

MANHATTAN BEACH, California: After more than two decades as a public company, Skechers is set to go private in a US$9.42 billion deal...

BMW expects US tariff cuts by July amid trade talks
BMW expects car tariffs to fall from July in upbeat take on trade war

FRANKFURT/LONDON: BMW is anticipating a reduction in U.S. car tariffs starting in July, based on ongoing discussions with U.S. officials,...

Delhi

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EU calls for de-escalation of Indian-Pakistan hostilities
India and Pakistan on brink of war

The EU on Wednesday called on India and Pakistan to take immediate steps' to de-escalate after India fired missiles into Pakistani-administered...

Life returns to normal in Barmer and Jaisalmer after India-Pakistan border tensions
Life returns to normal in Barmer and Jaisalmer after India-Pakistan border tensions

Jaisalmer (Rajasthan) [India], May 12 (ANI): Two days after India and Pakistan came to an understanding on the cessation of hostilities,...

"No country ever killed 100 militants in another country": Assam CM on cessation of hostilities between India-Pak
"No country ever killed 100 militants in another country": Assam CM on cessation of hostilities between India-Pak

Guwahati (Assam) [India], May 12 (ANI): Assam Chief Minister Himanta Biswa Sarma thanked the Indian Army for killing over 100 terrorists...

Op Sindoor: Air Marshal Bharti reveals details on precision strikes in Pakistan's Muridke, Bahawalpur terror camps
Op Sindoor: Air Marshal Bharti reveals details on precision strikes in Pakistan's Muridke, Bahawalpur terror camps

New Delhi [India], May 12 (ANI): The Indian Armed Forces' May 7 precision strikes under Operation Sindoor have dismantled nine major...

While tourism dims in Kashmir owing to border tensions, visitors flock to Jammu's Patnitop
While tourism dims in Kashmir owing to border tensions, visitors flock to Jammu's Patnitop

Patnitop (Jammu and Kashmir) [India], May 12 (ANI): The ongoing tensions between India and Pakistan turned out to be an unexpected...

Nifty, Sensex jumped more than 2% in opening as India-Pakistan tensions ease
Nifty, Sensex jumped more than 2% in opening as India-Pakistan tensions ease

Mumbai (Maharashtra) [India], May 12 (ANI): Indian stock markets witnessed a sharp rally on Monday morning as investor sentiment turned...

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