Stanford layoffs: University fires more than 360 employees; blames Trump’s federal funding policies
[ad_1] Donald Trump (AP) Stanford University (visit.stanford.edu) Stanford University announced on Tuesday that it has laid off more than 360 employees, citing budget pressures linked to federal funding policies under the Trump administration. “Stanford is in the process of making budget reductions,” a University spokesperson stated in an email, reported Reuters. “Last week, many schools and units made staff workforce
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Downturn In UK Construction Activity Deepens
[ad_1] The UK construction sector downturn deepened in July as volumes of work carried out across all sectors decreased markedly, survey results from S&P Global showed on Wednesday. The headline construction Purchasing Managers’ Index fell to 44.3 in July from 48.8 in June. The score signaled the sharpest contraction since May 2020. The survey revealed marked decreases in activity across
Tariff war: As Trump pressures India to cut Russian oil — will inflation rise if crude stops? RBI governor Sanjay Malhotra explains
[ad_1] NEW DELHI: As global tensions over energy trade deepen, Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday downplayed fears that a sudden halt or sharp reduction in India’s Russian crude oil purchases would significantly impact inflation. Speaking after the central bank’s monetary policy briefing, Malhotra responded to a direct question about the potential inflationary consequences of a
Supreme Court stays trial court proceedings against YouTuber Elvish Yadav in snake venom case
[ad_1] Youtuber Elvish Yadav. File | Photo Credit: PTI The Supreme Court on Wednesday (August 6, 2025) stayed proceedings in the trial court against YouTuber Elvish Yadav in the snake venom case. A Bench of Justices M.M. Sundresh and Joymalya Bagchi issued notice to the Uttar Pradesh government and the complainant Gaurav Gupta on the plea filed by Mr. Yadav
German Factory Orders Fall Unexpectedly
[ad_1] Germany’s factory orders declined unexpectedly in June on falling foreign demand, figures from Destatis revealed on Wednesday. New orders fell 1.0 percent 1.0 percent month-on-month in June, confounding expectations for an increase of 1.0 percent. The fall was also sharper than the 0.8 percent decrease posted in May. When large-scale orders are excluded, new orders were 0.5 percent higher
Bird slams into plane nose: Cabin filled with smoke mid-air; panic on Paris-bound flight — watch
[ad_1] Mid-air scare for Iberia’s Paris-bound flight A passenger plane flying to Paris was forced to make an emergency landing just moments after takeoff from Madrid Airpost, leaving passengers in panic.The emergency landing was prompted with a bird colliding into the plane’s nose. Chaotic scenes from inside the plane were captured by a passenger on the plane who recounted the
Mamata visits flood affected areas in south Bengal; inspects condition, offers flood relief
[ad_1] West Bengal Chief Minister Mamata Banerjee visits the flood-affected villages, in Paschim Medinipur on Tuesday (August 5, 2025). | Photo Credit: ANI West Bengal Chief Minister Mamata Banerjee visited flood affected areas in south Bengal on Tuesday (August 5, 2025). Ms. Banerjee has blamed release of water from reservoirs of Damodar Valley Corporation (DVC) for the inundation of
Plane crash: 4 people killed in medical plane crash in Arizona; personnel were en route to pickup patient
[ad_1] Four people were killed when a medical transport plane they were onboard crashed while attempting to land at Chinle Municipal Airport in Arizona’s Navajo Nation, authorities confirmed.The twin-propeller Beechcraft 300 went down on Tuesday during its landing approach in the eastern region of the state, according to both local police and the Federal Aviation Administration (FAA), reports NBC NewsThe
New Zealand Jobless Rate Climbs To 5.2% In Q2
[ad_1] The unemployment rate in New Zealand came in at a seasonally adjusted 5.2 percent in the second quarter of 2025, Statistics New Zealand said on Wednesday. That was lower than forecasts for 5.3 percent but still higher than 5.1 percent in the three months prior. New Zealand employment shed 0.1 percent on quarter, in line with expectations after adding
Trent Q1 Results: Stock up 6% in three sessions ahead of earnings; margins may narrow
[ad_1] Tata Group’s Trent Ltd. will be reporting its June quarter results later today and the stock, ahead of its earnings, has had a three-day gaining streak, during which it has risen 6%. Trent had already shared its business update for the quarter on July 5, where it mentioned that its standalone revenue for the quarter grew by 20% on
‘Can I say I won them athletically’: Trump jokes after receiving 1984 Olympic medals; prepares for 2028 games with new task force
[ad_1] US President Donald Trump presented with Olympic medals from the 1984 LA Games by Casey Wasserman, chairman of the LA28 organising committee (Image credits: AP) US President Donald Trump was presented with Olympic medals from the 1984 Los Angeles Games on Tuesday by Casey Wasserman, chairman of the LA28 organising committee.During the exchange, Trump joked, “Can I say that
New Zealand Unemployment Data Due On Wednesday
[ad_1] New Zealand will on Wednesday release Q2 figures for unemployment, highlighting a modest day for Asia-Pacific economic activity. The jobless rate is expected to tick up to 5.3 percent from 5.1 percent following a 0.1 percent loss in employment. Australia will see July results for the manufacturing and construction indexes from the Australian Industry Group; in June, their scores
Legal Digest: Temporary accommodation in India enough to tax foreign entities
[ad_1] The Indian Parliament has cut the gordian knot by introducing deeming provisions in respect of royalty and fees for technical services as well as interest earned from Indian residents by non-residents, notes Chartered Accountant S Murlidharan, with reference to a recent Supreme Court ruling on taxing foreign entities in India. Case 1: Temporary accommodation in India sufficient to
U.S. Stocks Move Back To The Downside Following Yesterday’s Rally
[ad_1] After initially extending yesterday’s rally in early trading, stocks moved mostly lower over the course of the session on Tuesday. The major averages all moved to the downside, partly offsetting Monday’s strong gains. The major averages all finished the day in negative territory. The Nasdaq slid 137.03 points or 0.7 percent to 20,916.55, the S&P 500 fell 30.75 points
UP fine with Banke Bihari panel headed by ex-judge but says he must be ‘Sanatani Hindu’ | India News
[ad_1] NEW DELHI: Uttar Pradesh govt Tuesday agreed with the Supreme Court’s proposal for appointment of an interim committee headed by a retired high court judge for management of Banke Bihari temple in Vrindavan till Allahabad HC decides the legality of the state’s ordinance designed to take over the shrine to facilitate development of a temple corridor and provision of
Donald Trump administration formally axes Elon Musk’s ‘five things’ email
[ad_1] The Trump administration on Tuesday formally axed a program launched by billionaire former Trump adviser Elon Musk requiring federal employees to summarise their five workplace achievements from the prior week, as first reported by Reuters. The Office of Personnel Management, the federal human resources agency that implemented Musk’s push to slash the federal workforce, announced the end of the
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India’s defence gets ₹67,000 crore boost: DAC clears strategic military upgrades from night vision to combat drones
[ad_1] In a major push to modernise India’s military capabilities, the Defence Acquisition Council (DAC), led by Defence Minister Rajnath Singh, on August 5 approved military procurement proposals worth ₹67,000 crore to enhance the operational capabilities of the Armed Forces. For the Indian Army, the council granted Acceptance of Necessity (AoN) for procuring Thermal Imager-based Driver Night Sights for BMP infantry
India’s Russian Oil Defiance ANGERS Trump; Delhi Gets 24-hour Ultimatum
[ad_1] Donald Trump Threatens To ‘Substantially Increase’ Tariffs On India Over Russian Oil U.S. President Donald Trump has threatened steep tariffs on India, accusing it of profiting from the Ukraine war by buying and reselling Russian oil. A 25% tariff on Indian imports is set to take effect on August 7, with further penalties possible. Despite the warning, India remains
Brazil Service Sector Downturn Deepens In July
[ad_1] Brazil’s service sector deteriorated at the fastest pace in more than four years in July, survey results published by S&P Global showed on Tuesday. The seasonally adjusted S&P Global Brazil Services Business Activity Index dropped to 46.3 in July from 49.3 in the previous month. Any score below 50 indicates contraction. The further worsening conditions in July were due
Donald Trump says Scott Bessent not interested in Fed chair role; four candidates shortlisted
[ad_1] US President Donald Trump has ruled out Treasury Secretary Scott Bessent as a potential candidate for Federal Reserve chair, saying Bessent “wants to stay on” in his current role. In an interview with CNBC, Trump confirmed that four names are currently under consideration to replace the current Fed Chair Jerome Powell, including Kevin Warsh and Kevin Hassett. “Both Kevin
Amazon Pay launches new feature to personalise gift cards: How to use it
[ad_1] Amazon Pay has introduced a new photo personalisation feature for its digital gift cards. Users can now upload their own images or artwork while purchasing gift cards. The feature is available on Amazon.in and aims to make digital gifting more meaningful for occasions like Raksha Bandhan. Alongside the new feature, Amazon has launched its Raksha Bandhan Store, which offers
Pfizer Boost Adj. EPS FY25 Outlook
[ad_1] While reporting financial results for the second quarter, drug major Pfizer, Inc. (PFE) raised its adjusted earnings guidance for the full-year 2025, while reaffirming revenue outlook. For fiscal 2025, the company now projects adjusted earnings in a range of $2.90 to $3.10 per share, up from the prior forecast of $2.80 to $3.00 per share. The company reaffirms its
Australia to buy 11 advanced warships from Japan
[ad_1] Japan’s Maritime Self-Defence Force, JS Kumano, a Mogami-class frigate, in Yokosuka, south of Tokyo, on April 23, 2025. | Photo Credit: Kyodo News via AP Australia will upgrade its navy with 11 Mogami-class frigates built by Japan’s Mitsubishi Heavy Industries, Defence Minister Richard Marles said on Tuesday (August 5, 2025). Billed as one of Japan’s biggest defence export