Day: June 7, 2019

US hiring slows sharply in May as trade tensions worsen

Against the backdrop of worsening trade conflicts, US job creation slowed sharply in May, adding to evidence the economy is weakening and raising expectations the Federal Reserve could cut rates soon. Hiring dried up in major industries and wage growth stagnated, and because job growth was worse than […]

Putin, Xi hit back at US dominance at Russia economic forum

China’s Xi Jinping and Russia’s Vladimir Putin hit back at US global economic dominance on Friday as they took the stage together at Russia’s showcase business forum. With China embroiled in a trade war with Washington and Russia under Western sanctions, Xi and Putin lashed out at “inequalities” […]

Famed Indian climber nearly died on peak where team was lost

NEW DELHI — To Manmohan Singh Kohli, who led the first Indian team to the peak of Mount Everest, modern mountaineering bears little resemblance to the expeditions he headed decades ago. Operators’ tight schedules and climbers’ lack of experience has added risks, diminished the adventure and resulted in […]

Nadal tops Federer in 3 sets to reach 12th French Open final

PARIS — Rafael Nadal made quick work of Roger Federer in their first French Open meeting since 2011, beating his rival 6-3, 6-4, 6-2 Friday in strong wind to reach his 12th final at Roland Garros. Nadal has never lost a semifinal at the clay-court Grand Slam tournament. […]

US, Russia blame each other in near-collision of warships

TOKYO — The U.S. and Russian militaries accused each other of unsafe actions on Friday after an American guided-missile cruiser and a Russian destroyer came within 165 feet (50 meters) of each other in the East China Sea. The U.S. 7th Fleet said the Russian destroyer put the […]

Dominican police investigating attack on US woman at resort

PUNTA CANA, Dominican Republic — Police in the Dominican Republic are investigating an attack on a U.S. tourist in Punta Cana that the woman recently made public on social media, detailing a vicious hours-long assault by a man she said was wearing the uniform of an all-inclusive resort. […]

US employers add just 75,000 jobs as unemployment stays 3.6%

WASHINGTON — U.S. hiring slowed in May as employers added just 75,000 jobs, a sign that businesses have become more cautious in the face of slowing global growth and widening trade conflicts. The tepid job growth, along with rising pressures on the economy, makes it more likely that […]

UK’s May quits as party leader, starting succession race

London, Jun 7: British Prime Minister Theresa May steps down as leader of her Conservative Party on Friday, formally triggering the race for a successor who will try where she failed to deliver Brexit. May will remain prime minister until a new leader is chosen, likely in late July, […]

Mining scam: SC permits ex-Karnataka minister Reddy to visit ailing father-in-law

New Delhi, Jun 7: The Supreme Court Friday allowed former Karnataka minister and mining baron Gali Janardhana Reddy, accused in a multi-crore illegal mining case, to visit his home town Ballari to see his ailing father-in-law. A vacation bench comprising Justices Indira Banerjee and Ajay Rastogi also expressed concern […]

Sensex falls over 200 pts; Nifty tests 11,800

Mumbai, Jun 7: Domestic equity benchmark BSE Sensex fell over 200 points in early trade Friday led by losses in financial stocks amid concerns over the state of the NBFC sector. The 30-share index was trading 211.04 points, or 0.53 per cent, lower at 39,318.68, and the broader Nifty […]

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