US President Donald Trump has ordered federal agencies to implement another round of mass layoffs, escalating efforts to shrink the government workforce. At his first cabinet meeting, Trump gave a spotlight to billionaire entrepreneur Elon Musk, who outlined ambitious budget-cutting plans that could see up to $1 trillion slashed from…
US President Donald Trump confirmed that Ukrainian President Volodymyr Zelenskyy will visit Washington on Friday to sign a rare earth minerals agreement, a deal that Kyiv sees as crucial for securing continued US support amid ongoing peace negotiations with Russia, Reuters reported. However, Trump signaled that Washington is unlikely to…
Elon Musk, as head of the Department of Government Efficiency (DOGE), took center stage at Donald Trump’s first Cabinet meeting of his second term, outlining his aggressive plans to cut federal spending.The billionaire Tesla and SpaceX CEO presented DOGE’s mission as an urgent effort to prevent what he called an…
Shares in Rolls-Royce (RR) surged more than 15% at the start of trading, as investors welcomed the UK engineering giant’s financial revival. The stock jumped to 735p per share, marking a strong vote of confidence in the company’s transformation under chief executive Tufan Erginbilgiç.For the first time since the COVID-19…
India’s retail jewellery sales have taken a significant hit over the past couple of months as high gold prices have kept consumers away from stores. The rally in gold prices to repeated new all-time highs since the start of the year has weighed heavily on the retail demand for gold jewellery.Since…
India is actively seeking to secure its supply of critical minerals, essential for various industries including technology and renewable energy. The country is exploring mining opportunities for these minerals in resource-rich countries like Zambia, Congo, and Australia, India’s Mines Secretary V.L. Kantha Rao said on Thursday, according to a Reuters report. This…
India is on the brink of experiencing a hotter than usual start to the summer season, with forecasts indicating one of the warmest March months in recorded history. The anticipated above-average temperatures throughout a significant portion of the month are raising concerns among agricultural experts, as they pose a substantial risk…
Ritholtz chief executive Josh Brown removed a few notable names from his list of “best stocks in the market” in February.These include Delta Air Lines, Constellation Energy, and Arista Networks.At the same time, he’s added a few names to the list that he’s convinced are on the verge of a…
Peru has emerged as a major player in the Latin American bitcoin sector. According to Lemon’s most recent research, “Estado de la Industria Crypto 2024,” (State of the Crypto Industry 2024) the country ranks seventh in terms of cryptocurrency value received.The report shows that the country ranks third in annual…
Brazil’s brewing giant Ambev posted a strong increase in its fourth-quarter adjusted net profit, even as the company contended with slowing total volumes in a challenging market environment. For the October-December quarter, the company posted a 7.5% increase in adjusted net profit, reaching 5.02 billion reais ($874.63 million), according to an…