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US jobs concern: Jerome Powell sees rising unemployment risks; Federal Reserve may cut rates twice more this year

Federal Reserve Chair Jerome Powell warned on Tuesday that the sharp slowdown in US hiring poses increasing risks to the economy, suggesting the central bank may reduce its key interest rate two more times before the year ends.In written remarks ahead of a meeting of the National Association of Business Economics in Philadelphia, Powell noted…

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US jobs concern: Jerome Powell sees rising employment risks; Federal Reserve may cut rates twice more this year

Federal Reserve Chair Jerome Powell warned on Tuesday that the sharp slowdown in US hiring poses increasing risks to the economy, suggesting the central bank may reduce its key interest rate two more times before the year ends.In written remarks ahead of a meeting of the National Association of Business Economics in Philadelphia, Powell noted…

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The Leon Mendonca story: From father leaving job for chess to battling illness in Wijk aan Zee, now World Cup reserve | Chess News

Leon Mendonca (Photo: Tata Steel Chess Tournament) NEW DELHI: Earlier this year, 19-year-old Grandmaster Leon Luke Mendonca arrived at Wijk aan Zee full of hope, only to be crushed by exhaustion as his eagerly awaited Tata Steel Masters debut became a grueling test of endurance.Entering the fray as last year’s Challengers champion, Mendonca had hoped…

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India’s first private-sector strategic petroleum reserve! Megha Engineering bags Rs 5,700-crore project; why it’s important

The venture includes a crude oil filling expense of $1.25 billion (Rs 11,020 crore) at present rates. (AI image for representative purpose) India is looking to build its first-ever private sector strategic petroleum reserve in the next five years. The massive Rs 5,700 crore project contract has been awarded to Megha Engineering & Infrastructures Ltd.According…

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