By Diksha Madhok, CNN The Adani Group has accused a US investment firm of launching “a calculated attack” on India by publishing a report alleging widespread fraud at the ports-to-power conglomerate. Hindenburg Research released its report on billionaire Gautam Adani’s business last week, accusing the group of “brazen stock manipulation and accounting fraud scheme over
Continue ReadingBy Tara Subramaniam, CNN New Zealand authorities warned Monday that the situation in flood-hit Auckland was likely to worsen after “unprecedented” rainfall brought devastating floods that have killed at least four people and forced hundreds to evacuate in the country’s largest city. On Monday, New Zealand’s weather authority issued a red heavy rain warning —
Continue ReadingBy Rob Shackelford and Derek Van Dam, CNN More than 40 million people from Texas to West Virginia are under winter weather alerts Monday as a system threatens heavy precipitation, significant icing and bitter cold, with roads due to be treacherous and quick frostbite possible in places. Ice accumulation is expected across at least 15
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By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — World Bank economists say Myanmar’s economy grew 3% last year and will likely achieve the same pace in 2023, but still lags far behind where it stood before the army seized power in early 2021. The global lending agency issued a report Monday that estimates Myanmar’s
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By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — World Bank economists say Myanmar’s economy grew 3% last year and will likely achieve the same pace in 2023, but still lags far behind where it stood before the army seized power in early 2021. The global lending agency issued a report Monday that estimates Myanmar’s
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By Nicole Grether, Artemis Moshtaghian, Dakin Andone and Brian Todd, CNN Students at Richneck Elementary School navigated new safety protocols as they returned to classes Monday for the first time since a 6-year-old student allegedly shot his teacher inside a classroom nearly a month ago. Police were on campus as anxious parents dropped their children
Continue ReadingBy Michelle Toh, CNN ASML, a Dutch maker of semiconductor equipment, says “rules are being finalized” on export controls, amid reports that the Netherlands and Japan have joined the United States in restricting sales of some computer chip machinery to China. “It is our understanding that steps have been made towards an agreement between governments
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28-year-old Lizbeth Suarez of Desert Hot Springs died in a car crash Saturday night. The crash happened around 10:15 p.m. Saturday night. Suarez’s vehicle crashed into a power pole off Varner Road near Date Palm Drive. Police said they believe speed may have been a factor in the crash. No one else was in the vehicle
Continue Reading By Elizabeth Wolfe, Andy Rose and Sonya Hamasaki, CNN A sweeping multi-day manhunt continues for a suspect accused of brutally beating and kidnapping a woman in Oregon who remains in critical condition, according to police. While Benjamin Obadiah Foster, 36, has evaded capture since Tuesday, police say he is still active on dating apps. The
Continue Reading THE HAGUE, Netherlands (AP) — Dutch consumer electronics and medical equipment maker Philips said Monday it is cutting 6,000 jobs worldwide over the next two years as it revealed a net loss of 1.6 billion euros ($1.7 billion) in 2022, down from a net profit of 3.3 billion euros last year. The job losses come
Continue Reading THE HAGUE, Netherlands (AP) — Dutch consumer electronics and medical equipment maker Philips said Monday it is cutting 6,000 jobs worldwide over the next two years as it revealed a net loss of 1.6 billion euros ($1.7 billion) in 2022, down from a net profit of 3.3 billion euros last year. The job losses come
Continue Reading By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — Europe is taking another big step toward cutting its energy ties with Russia, banning imports of diesel fuel and other products made from crude oil in Russian refineries. The European Union ban takes effect Feb. 5 following its embargo on coal and most oil from
Continue Reading By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — Europe is taking another big step toward cutting its energy ties with Russia, banning imports of diesel fuel and other products made from crude oil in Russian refineries. The European Union ban takes effect Feb. 5 following its embargo on coal and most oil from
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73-year-old Bill Mackin of Snow Creek near Cabazon has been found after he went missing Wednesday. According to his partner, he has memory loss and had not taken his medication since the day he went missing. Mackin’s husband says Mackin was found Friday in El Paso, Texas. A woman in a Quick Stop store noticed that
Continue Reading By KRUTIKA PATHI Associated Press NEW DELHI, India (AP) — India’s Adani Group, run by Asia’s richest man, has hit back at a report from U.S.-based short-seller Hindenburg Research, calling it “malicious,” “baseless” and full of “selective misinformation.” Shares in the conglomerate have suffered massive losses since Hindenburg issued its report alleging fraud and other
Continue Reading By KRUTIKA PATHI Associated Press NEW DELHI, India (AP) — India’s Adani Group, run by Asia’s richest man, has hit back at a report from U.S.-based short-seller Hindenburg Research, calling it “malicious”, “baseless” and full of “selective misinformation.” Shares in the conglomerate have suffered massive losses since Hindenburg issued its report alleging fraud and other
Continue Reading By ILAN BEN ZION Associated Press JERUSALEM (AP) — Israel’s new government is moving quickly to repeal a tax on single-use plastic goods like cups, plates and cutlery. These items have become the latest weapons in a culture war between the country’s secular majority and the smaller but politically powerful religious minority. The former government
Continue Reading By JUSTIN KABUMBA and SAM MEDNICK Associated Press GOMA, Congo (AP) — It took years for Marie Louise Wambale to re-establish her life after fighting between M23 and the Congolese army forced her to flee with almost nothing more than a decade ago. Like most Catholics here in eastern Congo, she hoped that Pope Francis
Continue Reading By EVELYNE MUSAMBI Associated Press NAIROBI, Kenya (AP) — Vultures scavenge for dead animals along a river turned sewer conduit in Kenya’s capital Nairobi. Its waters turn from clear to black as it traverses informal settlements and industrial hubs. The river and its tributaries cross Kibera, known as Africa’s largest slum with close to 200,000
Continue Reading By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Nissan and Renault have changed their mutual cross-shareholdings equal at 15%, ironing out a source of conflict in the Japan-French auto alliance, both sides said Monday. Up to now, Renault Group has held a 43.4% stake in Nissan Motor Co., potentially giving it a larger say
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