UPS Financial News

Electric vehicles make people nervous

Donald Trump loved to use tariffs during his first presidency

Two neighbors of a Kentucky plant that was the site of a massive explosion are suing the company

The number of Americans applying for unemployment benefits fell last week, remaining near seven-month lows

Canada may need to set aside a historically conservative risk appetite to avoid stifling digital innovation in the regulated banking system, including crypto assets, the country’s top financial services regulator said Wednesday.

It wasn’t so long ago that diversity, equity and inclusion were the hallmarks of the modern workplace, with companies investing in programs to promote the fair and equitable treatment of its employees.

M3 MacBook Air, which boosted the base configuration from 8GB to 16GB. The M4 MacBook Air is also rumoured to feature a 12MP Centre Stage camera with Desk View support, replacing the current 1080p FaceTime HD camera, catering to modern productivity needs.After the release of the M4 MacBook Air, Apple’s attention is expected to shift towards updating its high-performance desktop range, including the Mac Studio and Mac Pro.

Department of Telecommunications (DoT) is working on an ambitious plan to refarm more than 1100 MHZ spectrum from various ministries and departments and reallocating it to telecom operators for 5G and 6G services, a move that could garner over ₹5 lakh crore for the exchequer, officials told ET. DoT has identified spectrum across 10 bands which will be freed in the coming few years and put up for auction for telecom operators. «DoT has shared the proposal for consideration to the committee of secretaries (CoS) and clarity will emerge in a few months about how much spectrum can be freed for mobility use,» said an official privy to the details. Spectrum across bands including mid-band and some portion of 6 GHz is currently being utilised by the ministries of space, defence, information and broadcasting, railways and housing and urban affairs.

Virtuoso Vice President of Global Public Relations Misty Belles breaks down the holiday travel season, the trends and destinations as well as her outlook for 2025.

Subscribe to enjoy similar stories. Arabica coffee prices have hit their highest level since 1977 as concerns grow about tight global supplies. Continuous arabica coffee futures on the ICE rose 2.8% to $3.175 a pound, near the all-time record of $3.356.

Chicago Federal Reserve Bank President Austan Goolsbee opens up about the impact of the Federal Reserves moves on The Claman Countdown.

Subscribe to enjoy similar stories. Elon Musk spent the past year building his artificial intelligence startup xAI at breakneck speed. Now he has to turn it into a real business.

One annoying characteristic of Canadian unions is timing strikes to when they will cause the most harm and stress. Twelve days ago, as the busy holiday season approached, Canada Post workers went on strike, leaving small businesses scrambling to make alternative arrangements. Not an easy task, as the cost of FedEx and UPS is prohibitive for many. Purolator, which Canada Post owns, has lower rates, but Teamsters Canada has prohibited its members from handling packages identified as an alternative to Canada Post. As a result, according to the CFIB’s Corrine Pohlmann, “People unsure about delivery timelines are staying away from shopping altogether. It’s just the next big obstacle our members must deal with.”

Indian Railways has taken up the mammoth task of screening 22.5 lakh applicants at 346 centres across the country to recruit 18,799 assistant loco pilots. The examination began last Monday and will continue till Friday. It is being held in 15 shifts and 18 languages. «Of the total candidates, 13.5 lakh have already appeared for the exam. In the next two days, nine lakh candidates are expected to appear for the exam,» said a senior official from the Railway Board. The Railway Recruitment Board (RRB) holds examinations for recruitment for various posts in the Indian Railways.

Subscribe to enjoy similar stories. In 2017, when Sudhir Singh joined NIIT Technologies, the first thing he did as CEO was to change the entire top leadership—lock, stock and barrel. His logic for replacing all his 14 direct reports was simple; “The only thing the old team proved was that they can’t grow," he told Mint.

Bank of Canada deputy governor Rhys Mendes says allowing for a period of price declines may sound tempting, but it would ultimately be more painful for Canadians.

Subscribe to enjoy similar stories. When President-elect Donald Trump said he would nominate the hedge-fund manager Scott Bessent as his Treasury secretary Friday, much of Wall Street and corporate America breathed a sigh of relief. The choice of Bessent, who is hawkish on deficits, a defender of the dollar’s reserve status, and until recently circumspect about tariffs, suggested that Trump would put a priority on market-friendly measures to boost economic growth and hold down inflation and interest rates.

Already bracing for funding cuts under a new Trump administration, U.S. Treasury officials are calling on Congress to unlock $20 billion in IRS enforcement money that is tied up in legislative language that has effectively rendered the money frozen

Volkswagen and SAIC Motor say they have agreed to extend their 40-year-old automaking joint venture in China until 2040

While sales of electric vehicles surge in China, the spread of more environmentally friendly vehicles is stumbling in the United States and Europe as carmakers and governments struggle to meet years-old promises about affordability and charging stations

Axis Bank on Wednesday said the asset book of its IFSC Banking Unit (IBU) at Gujarat International Finance Tec-City (GIFT City) in Gandhinagar has doubled to USD 4 billion from USD 2 billion in 2019. The bank unveiled a spacious IBU office at GIFT City here that spans nearly 8,000 square feet and is nearly three times bigger than the previous facility located here. «In terms of size, today our asset book here is a little over USD 4 billion, which is among the largest in GIFT City. Similarly, on the liability side, we have a USD 1 billion deposit, which once again makes us among the highest in terms of deposits as well...from USD 2 billion in 2019, we have doubled our asset book,» its Deputy Managing Director Rajiv Anand told mediapersons. «The office is an expression of our ambition aligned with the ambition for GIFT City to serve our customers. We continue to show very solid growth on multiple fronts,» said Axis Bank's President and Head of Wholesale Banking Products Vivek Gupta.