Coal India to import for first time in years as power shortages loom

State-run Coal India, the world’s largest coal miner, will import the fuel for use by utilities, a power ministry letter seen by Reuters showed on Saturday, as shortages raise concerns about renewed power outages. It would be the first time since 2015 that Coal India has imported the fuel, highlighting … Read more

It Is Time for Insurers to Meet Needs of Tech Driven Businesses

To describe the past couple of years as tumultuous is something of an understatement. The global pandemic overlaid with hard market conditions in many insurance classes has kept many in our industry awake at night. The pandemic undoubtedly helped accelerate already hardening markets – but it also led to accelerated growth in the innovative and … Read more

Time to Turn Bullish on NIO Stock? This 5-Star Analyst Thinks So

With a loss of 50% year-to-date, NIO (NIO) shares have been the victim of several negative developments in 2022. These include rotation away from growth, supply chain snags impacting production and the fear of U.S. delisting for Chinese stocks. And most recently, zero-Covid policies have sent large parts of China into lockdown again. But following … Read more

recession: Joe Biden says a US recession not inevitable, pain to last ‘some time’

President Joe Biden says he does not believe a economic recession in the US is inevitable despite record high inflation and supply shortages partly caused by Russia‘s invasion of Ukraine. Speaking at a news conference Monday in Tokyo, Biden acknowledged that the American economy has “problems,” but said it was better positioned than other countries. … Read more

tech stocks: Big Tech is getting clobbered on Wall Street. It’s a good time for them

SAN FRANCISCO – Apple, Amazon, Microsoft and the parent companies of Facebook and Google have lost $2.7 trillion in value so far this year, about the annual gross domestic product of Britain. So what have the companies done about this thrashing on Wall Street? Microsoft has doubled its employees’ bonus pool, Google has committed to … Read more

putin: Putin’s war exposed something he has guarded closely for a long time

Vladimir Putin did not like the prying. It was 2008, and the Russian president, then 56 and eight years into his tightening grip on power, stood for a news conference in Sardinia’s lavish Villa Certosa. At his side was his closest ally in Western Europe, Silvio Berlusconi, the media mogul and Italian prime minister of … Read more