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US equities edged cautiously on Tuesday as Wall Street approached the end of another strong month, with investors balancing optimism over corporate earnings against economic uncertainty and the potential for a government shutdown.The S&P 500 slipped 0.2% in early trading, while the Dow Jones Industrial Average fell 27 points, or 0.1%. The Nasdaq composite was…
The US aviation sector would be hit by the federal government’s partial shutdown as key airline staff would be forced to work without pay while other functions would also come to a halt.Airlines for America, which represents major carriers including United, Delta, American and Southwest, said that a lapse in funding would impact travelers as…
Asian shares were mostly flat on Tuesday as investors stayed cautious ahead of a possible US government shutdown.HSI slipped 0.11% or 29 points reaching 26,593. South Korea’s Kospi also shed 0.06% or 1 point, trading at 3,429 at 10:45 AM IST.Meanwhile, Japan’s Nikkei gained 0.01% or 5 points to 45,049. Shanghai and Shenzhen also traded…
As the potential shutdown looms over the US government, President Donald Trump’s administration on Monday outlined which services would be put on hold.This shutdown, if it takes place, will be unlike the previous ones. The White House has indicated it could use the crisis to carry out mass layoffs and scale back the size of…
The United States is once again staring at a possible government shutdown. Unless Congress agrees on a funding deal before midnight on September 30 large parts of the federal government will run out of money and be forced to close from October 1.Here’s what’s happening and why it matters. What is a government shutdown? A…
Iraq has restarted oil exports from its autonomous Kurdistan region, ending a suspension that lasted more than two years because of legal disputes and pipeline closures.Baghdad’s oil ministry confirmed on Saturday that crude is once again moving through the Iraq-Turkey pipeline. The line, which had been closed since 2023, has been at the centre of…
Mumbai’s Monorail will suspend operations from September 20 for a system overhaul MUMBAI: A day after monorail services were disrupted for the fourth time in less than a month owing to a rake breakdown, MMRDA announced on Tuesday that all services will be suspended from Sept 20 for a system overhaul. It offered no clarity…
Kavin Bharti Mittal, founder and CEO of Hike has announced that the popular gaming and messaging app is shutting down. In a long LinkedIn post, Mittal announced that app is shutting down globally. In a reflective post titled “Closing a Chapter, Opening a New One”, Mittal cited shifting market dynamics and regulatory challenges as key…
