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US futures sluggish ahead of Fed rate decision

By MediaIntel.Asia

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U.S. futures dipped Wednesday ahead of the Fed’s 19-member policy committee meeting, where benchmark interest rates are expected to be lifted to the highest level in about 15 years.
Futures…

Reuters Health News Summary

By MediaIntel.Asia

Following is a summary of current health news briefs.
Italy eases anti-COVID measures for travellers from China
Italy will loosen its anti-COVID controls for travellers arriving from China, making swabs random rather than mandatory at its airports, a …

British Steel draws up plan for 800 job losses amid government funding talks

By MediaIntel.Asia

Britain’s second-biggest steel producer has been drawing up secret plans to axe hundreds of jobs even as it continues talks with ministers about £300m of taxpayer funding that would partly depend on decade-long employment guarantees.
Sky News has lear…

Great Budget for CapEx and Railways, Not Bad for Direct Taxes

By MediaIntel.Asia

Finance Minister Nirmala Sitharaman began her speech by calling Budget 2023 the first one in Amrit Kaal. The reference and indeed, the implicit branding, is towards the next 25 years, during which India is expected to change for the better. India will…

British Steel plans 800 redundancies amid negotiations with Government report

By MediaIntel.Asia

B ritish Steel plans to axe hundreds of jobs at its Scunthorpe plant, according to reports which come as ministers consider a multimillion-pound rescue package for the struggling business.
Sky News reported that the business could approach unions on W…

Manufacturing index sustained growth in January

By MediaIntel.Asia

The manufacturing industry’s purchasing managers index rose to 53.5 percent in January from 53.1 percent in December 2022, according to the latest report from S&P Global Market Intelligence.
A PMI is a gauge of a country’s manufacturing activity….

Reuters World News Summary

By MediaIntel.Asia

Following is a summary of current world news briefs.
China raps Czech president-elect over Taiwan call
China condemned on Tuesday a phone call between Czech President-elect Petr Pavel and Taiwan President Tsai Ing-Wen, saying he ignored Beijing’s repe…

China lobbies Dutch to defend trade after chip curbs

By MediaIntel.Asia

FILE – the logo of ASML, a leading maker of semiconductor production equipment, hangs on the head office in Veldhoven, Netherlands, Monday, Jan. 30, 2023. China’s foreign minister appealed Tuesday, Jan. 31, 2023, to his Dutch counterpart to defend fre…

FOREX-Dollar climbs before Fed, but set for fourth monthly drop

By MediaIntel.Asia

The dollar ticked higher on Tuesday ahead of a raft of central bank decisions but remained on track for its fourth consecutive monthly loss. The U.S. Federal Reserve will set interest rates on Wednesday, followed by the European Central Bank (ECB) and…

Apple Is Now Making AirPods Components in India

By MediaIntel.Asia

A U.S.-based Apple supplier has begun making components for AirPods in India, marking a significant step in the tech giant’s push to expand production in the country, reports Bloomberg.
According to the news outlet, the Indian unit of Florida-based el…