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Moneylife Digital Team 09 May 2025
In a historic and unexpected decision, US cardinal Robert Francis Prevost was elected the 267th pope, taking the name Leo XIV, and making history as the first American to lead the world’s 1.4bn (billion) Catholics.   I announce to you a great joy; we have a Pope: The Most Eminent and Most...

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Moneylife Digital Team 30 April 2025
US president Donald Trump has signed an executive order aimed at reducing the economic impact of multiple ‘overlapping’ tariffs on the automotive industry.    Under the new order, automakers will no longer face both a 25% tariff on imported vehicles and a separate 25% tariff on steel or...

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Moneylife Digital Team 28 April 2025
A nationwide power outage has left millions without electricity in Spain and Portugal. The outage has caused widespread disruptions, including the shutdown of traffic lights and chaos at airports, train stations and on the roads. According to media reports, the Spanish power distributor says...

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In the ever-evolving landscape of cybercrime, edge devices such as firewalls, routers, and virtual private networks (VPNs), once considered the frontline defenders of networks, are increasingly becoming points of vulnerability. Cybercriminals are now exploiting misconfigurations, unpatched...

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Moneylife Digital Team 16 April 2025
The US-China trade war has entered a new and sharply escalated phase, with the White House announcing that tariffs on Chinese imports could soar as high as 245%, citing Beijing’s retaliatory actions.   In a further sign of deteriorating ties, US president Donald Trump took to Truth Social to...

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Last week, Donald Trump set the global trading system ablaze by imposing massive additional tariffs on countries with large trade surpluses with the US, such as China (34%), Japan (24%), South Korea (26%), Vietnam (46%), India (27%), the European Union (20%) and others. The repercussions are...

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Moneylife Digital Team 25 March 2025
Shares of Star Health and Allied Insurance Company Ltd hit their 52-week low at Rs345.45 on Tuesday following a report about the Insurance Regulatory and Development Authority of India (IRDAI) likely to take action against the insurer for serious lapses in claims settlement...

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Moneylife Digital Team 17 March 2025
The US economy, once hailed for its rapid post-COVID recovery, may now be headed towards a period of stagnation and uncertainty, according to the latest research report by the State Bank of India (SBI). The report highlights a series of troubling economic indicators, including declining gross...

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Moneylife Digital Team 12 March 2025
The US department of education announced on Tuesday that it will lay off nearly half of its staff, signalling the department's potential closure.    This move comes as federal agencies work to meet US president Donald Trump's Thursday deadline for significant workforce...

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Moneylife Digital Team 11 March 2025
A 24-hour strike by workers at 13 German airports, including major hubs in Frankfurt and Munich, has led to the cancellation of most flights, causing widespread disruption for travellers.   In a post on X, DW News says, "Air travel at 13 German airports came to a standstill during a 24-hour...

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Moneylife Digital Team 12 February 2025
US president Donald Trump's planned 25% tariffs on steel and aluminium imports would be added on top of other levies on Canadian goods, resulting in a total 50% tariff if threatened duties on all imports from Canada are enacted in March.    However, governments around the world, including...

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Moneylife Digital Team 20 January 2025
To strengthen economic ties, Uzbekistan is offering Indian businesses land, tax benefits and access to affordable power to boost investment in the Central Asian nation. Speaking at the World Trade Center in Mumbai, Sardar Rustambaev, the ambassador of Uzbekistan to India, highlighted the...

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Moneylife Digital Team 13 December 2024
Switzerland has withdrawn the most favourite nation (MFN) status granted to India following an adverse court ruling against Nestlé for the avoidance of double taxation concerning taxes on income. This move will result in adverse tax implications for Indian companies operating in the European...

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Moneylife Digital Team 05 December 2024
Brian Thompson, the chief executive officer (CEO) of UnitedHealthcare, the world's largest healthcare company by revenue, was shot and killed in a brazen and targeted attack outside a Manhattan hotel where the health insurer was holding its investor conference, police says setting off a massive...

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Moneylife Digital Team 26 August 2024
Pavel Durov, founder and chief executive officer (CEO) of messaging service Telegram, is arrested at a Paris airport. According to media reports, Mr Durov, a dual citizen of France and the United Arab Emirates (UAE), was detained at a Paris airport on an arrest warrant alleging his platform has...

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Moneylife Digital Team 25 June 2024
WikiLeaks founder Julian Assange has left the UK reportedly after reaching a deal with US authorities that will see him plead guilty to criminal charges.   Mr Assange, who was charged with conspiracy to obtain and disclose national defence information, would spend no time in US custody as per...

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France has launched a judicial investigation into German car giant Volkswagen for allegations of fraud relating to the emissions by its diesel cars, the latest legal action to be taken in the global Dieselgate scandal.   The proceedings were initiated on May 6, judicial sources said...

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Isaac Arnsdorf (ProPublica) 21 May 2020
Contractors with no experience in food distribution are looking for suppliers on Facebook while some food banks scramble to find desperately needed deliveries.   A food relief program championed by President Donald Trump and his daughter Ivanka is relying on some contractors who lack...

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Roger Parloff for ProPublica 12 February 2018
On Dec. 6, former Volkswagen engineer Oliver Schmidt was led into a federal courtroom in Detroit in handcuffs and leg irons. He was wearing a blood-red jumpsuit, his head shaved, as it always is, and his deep-set eyes seemed to ask, “how did I get here?” As Schmidt’s wife tried to suppress...

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IANS 22 August 2017
A jury panel in California has ordered the world's largest health-care company Johnson & Johnson to award USD417 million to a 62-year-old woman with ovarian cancer.   The ruling by the jury panel of Los Angeles county Superior Court came on Monday after it found the company was liable...

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