Wells Fargo will lay off 107 workers at the end of August in Des Moines, where its home mortgage division is based. It was the company’s latest move in response to declining origination and refinance activity. The bank hasn’t disclosed the number of impacted mortgage staff since it began layoffs in April, but said Wednesday … Read more
Scott Olson/Getty Images News The U.S. Food and Drug Administration has temporarily stayed an order that banned e-cigarette maker Juul from selling its products while the order is appealed. The agency has determined that there are scientific issues unique to the JUUL application that warrant additional review, the FDA posted on twitter. The FDA ordered … Read more
The government of Telangana on Tuesday started disbursing financial assistance to farmers owning over five acres of land under Rythu Bandhu. Authorities began depositing the amount under the investment support scheme into the bank accounts of farmers who own more than five acres of land. The state government … Read more
There is no respite for Indian manufacturers anytime soon as slow demand and high inflation continue to weigh on the nation’s economy, a report said. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) fell to 53.9 in June from 54.6 in May, the weakest pace … Read more
(Bloomberg) — Cathie Wood on Tuesday said she erred in her prediction inflation would unravel as the prices of goods and services in the US soared to 40-year highs. Most Read from Bloomberg “We were wrong on one thing, and that was inflation being as sustained as it has been,” Wood, founder and chief executive … Read more
As the flood situation continues to stay grim in Assam’s Nagaon district, Nagaon Deputy Commissioner Nisarg Hivare on Monday informed that the state government has been providing relief materials to the affected areas, hence, no one has to pay anything. “Relief material being provided. Everything is at the expense … Read more
The flood situation in Assam remained grim on Thursday with over 54.5 lakh people still affected and 12 fresh deaths reported, officials said. The toll due to the flood since mid-May is now 101, they said. Brahmaputra and Barak rivers along with its tributaries are in spate in … Read more
Rail passengers across Britain experienced further disruption on Wednesday — a day after the biggest transport strike in a generation — as the government urged the industry to “hold the line” in negotiations with the RMT union. Only about 60 per cent of services are expected to run on Wednesday as the industry resets after … Read more
More protests were witnessed in parts of Haryana on Monday against Agnipath as armed forces aspirants blocked roads and demanded that the scheme be rolled back. In Fatehabad, a group of youth blocked the Lal Batti Chowk, while several others staged a protest on roads in Rohtak district. … Read more
Curfew continued for the fifth consecutive day on Monday in Jammu and Kashmir’s Doda and Kishtwar towns, as the police have arrested one person for making inflammatory speech. Authorities have decided to continue curfew restrictions imposed under Section 144 of the CrPc in the two towns to maintain law … Read more