Articles by Jacob J

Challenging China: Shipment of India Manufactured Apple iPhones to Hit $2.5 Billion This Fiscal, Says Report

Apple could end up making one out of four iPhones in India by 2025, a projection by JP Morgan analysts had shown earlier.

11 hours ago

Trump Sues CNN for Leading a Sustained 'Campaign of Libel and Slander'; Seeks $475 Million in Damages

The lawsuit filed in US District Court in Fort Lauderdale, Florida, on Monday seeks $475 million in punitive damages.

15 hours ago

Credit Suisse Inches Closer to Triggering Another Global Financial Meltdown?

The worst-case scenario is for the bank to file for bankruptcy, but Credit Suisse is digging in and fighting it out.

19 hours ago

North Korea's Hwasong-12 Missile Travels Over Japan in Longest Test Flight; Tokyo Issues Alert

Japanese Prime Minister Fumio Kishida said the North Korean missile launch was a barbaric act.

20 hours ago

Duma Formally Approves Annexation of Ukrainian Regions; Lavrov Says Russia Defending 'Language, Culture and Borders'

The annexation of Donetsk, Lugansk, Kherson and Zaporizhzhia is hotly contested by Ukraine and the West, which have termed it illegal.

35 hours ago

Opec+ to Slash Output by 1 Million Barrel Per Day; US Gasoline Prices to Climb Back to $% a Gallon

It will be interesting to see how the US and the big European energy consuming nations respond to the pressure tactic of the Opec+ cartel, in which Russia is wielding an outsize influence.

39 hours ago

Credit Suisse Lehman Brothers Moment: Bankruptcy, Merger or a Difficult Turnaround?

Credit Suisse had a market capitalization of $22.3 billion just a year ago. This has crashed to just $10.4 billion as of now, even as shares have plunged 56%.

44 hours ago

Brazil Election Results: Surprise Surge for Bolsonaro as Left's Lula Fails to Post First Round Win

With nearly all votes counted, Left's Lula da Silva secured nearly 48 percent of the votes while President Bolsonaro received close to 44 percent. The runoff election will be held on October 30.

2 days ago

Crypto Eco-System Thriving Despite Price Headwinds, Analyst Says; Bitcoin Reports Modest Quarterly Gain

The analysis says that though the gains are marginal, it compares much favorably with the previous quarter, in which the BTC had lost almost 60 percent.

2 days ago

Cybersecurity

Indonesia Football Riot: 129 People Die in Stampede After Rival Fans Clash With Police

The deadly riot happened after hooligans supporting Arema FC and Persebaya Surabaya clashed against each other after a match held in Malang in East Java.

3 days ago

India, China and Brazil Abstain From UN Vote Against Russian Annexation of Ukraine Regions

Russia confirms at the UN that it will not keep dialogue open in the case of the occupied Ukraine regions joining the Russian Federation.

3 days ago

US to Set Up Special Military Command in Germany to Coordinate Nato's War Efforts in Ukraine - Report

On Wednesday, the Biden administration approved $1.1 billion in additional security assistance for Ukraine. This is the 22nd installment of the US aid package for Ukraine.

4 days ago

Jobs Will Go, Teams will Shrink, and No Hirings: Zuckerberg Lays Out Grim Warning to Meta Staff

The plan is to steadily reduce headcount growth over the next year, warns Mark Zuckerberg.

4 days ago

Mark zuckerberg Facebook

Bloodbath on US Stock Markets; S&P 500 Plunges 2.4%, Nasdaq 3% and Dow Jones 2%

A report from the Commerce Department confirmed that the economy contracted in the first half of this year.

5 days ago

Iran Arrests Faezeh Hashemi, Daughter of Former President Rafsanjani, for Inciting Anti-Hijab Protesters

Hashemi is a former lawmaker and women's rights activist. She said the Iranian clerical establishment, which her father helped bring to power.

5 days ago

A general view of the port before the inauguration of the China-Pakistan Economic Corridor port in Gwadar, Pakistan

Chinese National Shot Dead in Pakistan's Karachi in the Latest Targeted Attack

Pakistan hosts some Chinese nationals, who are working on projects that are part of the multi-billion dollar China-Pakistan Economic Corridor (CPEC).

6 days ago

Russia Declares Victory in Ukraine Referendums; Annexation Process EXPLAINED

The regions where the voting took place have around four million people. The area covered by the referendums makes up nearly 15 percent of Ukraine's territory.

6 days ago

Xi Jinping Makes Public Appearance, Debunking China Military Coup Rumors

The China strongman's absence from public view, albeit for a short duration, gave rise to intense speculation about drastic political changes in Beijing.

7 days ago

Russia's Medvedev Dares Western Leaders to Die in a 'Nuclear Apocalypse'; Repeats Threat Against Ukraine

Medvedev's comments came after the US officially said the nuclear threat made by Russia did not seem material enough.

7 days ago

The Rise of US Dollar is Bad for Global Economy; Here's Why a Decline is Inevitable

The Dollar index, which shows how the greenback sits in comparison with the euro, yen and other major currencies, has surged more than 14 percent this year alone.

7 days ago

1 2 3 4 5 6 7 8 9 10 Next