Month: July 2024

China dials up scrutiny of Big Four audit firms after Evergrande probe, sources say

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The China Evergrande Centre building sign is seen in Hong Kong. File photo | Photo Credit: REUTERS China’s Ministry of Finance is conducting more rigorous checks of work done by the Big Four auditing firms for local companies, three people with knowledge of the matter said, amid concerns auditors are not doing enough to uncover…

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World

Chinese auto exports surge, partly offsetting a sales slump at home

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EV shift:China’s market has stagnated due to the shift to EVs. | Photo Credit: AFP Chinese auto sales slumped in June as the domestic economy remained sluggish, but buoyant exports offset the decline at home, an industry association said Wednesday. Sales in China dropped 7.4 per cent compared to a year earlier to 1.8 million…

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World

Rate cut hopes may bolster U.S. stocks as investors await earnings, elections

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Federal Reserve Bank Chair Jerome Powell. | Photo Credit: Getty Images The prospect of near-term interest rate cuts is bolstering the case for investors to remain bullish after a run in U.S. stocks that may soon be tested by upcoming corporate earnings reports and growing political uncertainty. Expectations that the Federal Reserve will kick off…

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World

Uruguay Star Loses Cool, Throws Punches At Fans In Massive Copa America Brawl. Watch

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Uruguay striker Darwin Nunez unleashed a flurry of punches at Colombian supporters.© X (Twitter) Liverpool star Darwin Nunez and other Uruguay players were involved in a brawl with Colombian fans which erupted after their 1-0 Copa America semi-final defeat on Wednesday. Television footage showed Uruguay striker Nunez unleashing a flurry of punches at…

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Sports

Delhi Gym Owner Stabbed To Death, Attacked 21 Times On Face

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Sumit Chaudhary was attacked outside his house in Gamri Extension New Delhi: A 28-year-old gym owner was stabbed to death by a group of men in northeast Delhi’s Bhajanpura area, police said on Thursday. The victim, Sumit Chaudhary alias Prem, also ran a tour and travel business and was attacked outside his house in Gamri…

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Nation

Assam, Meghalaya to cut fiscal flab by targeting unproductive boards

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File picture of Meghalaya Chief Minister Conrad Sangma speaking in the State Assembly, in Shillong | Photo Credit: ANI GUWAHATI: Assam and Meghalaya on Wednesday decided to cut their fiscal flab by downsizing or dissolving unproductive boards. The decision to dissolve the Meghalaya State Housing Board (MSHB) and downsize the Assam State Agricultural Marketing Board…

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Business

Political ads on social media rife with misinformation and scams, new research finds

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Political advertisements on social media are one of the best ways for candidates to reach supporters and raise campaign cash [File] | Photo Credit: REUTERS The online advertisement to Donald Trump supporters was clear enough: Click here, and receive a free Trump 2024 flag and a commemorative coin. All in exchange for taking a quick…

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World

Andre Russell Slams Haris Rauf For 107m Six In Major League Cricket. Watch.

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Perhaps the greatest six-hitter in T20s, West Indies all-rounder Andre Russell has proved his ability once again, with a stunning 107m six. Playing for Los Angeles Knight Riders (LAKR) in USA’s Major League Cricket (MLC), Russell hammered Pakistan’s Haris Rauf for a towering 107m six in the final over of their innings. Russell’s…

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Sports

Colombia Defeat Uruguay 1-0 To Reach Copa America Final

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Ten-man Colombia defeated Uruguay 1-0 to reach the final of the Copa America for the first time in 23 years after an ill-tempered semi-final on Wednesday. A 39th-minute Jefferson Lerma header sealed victory for the Colombians, who will now face holders Argentina in Sunday’s final in Miami. It was an anarchic semi-final played…

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Sports