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Indian conglomerate chair Gautam Adani indicted in the US

Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. On Wednesday authorities charged Adani and two…

Guangzhou sees longest summer since 1961

GUANGZHOU, Nov. 14 (Xinhua) — The city of Guangzhou in south China saw an average temperature of 23.3 degrees Celsius on Wednesday, bringing the number of the city’s summer days to a record of 235 since 1961 when meteorological records…

SBP reserves rise $116m

KARACHI: The foreign exchange reserves of the State Bank of Pakistan (SBP) increased by $116 million to $11.15 billion during the week ended on Oct 25, the central bank announced on Thursday. The SBP reserves have been increasing since the…

Boeing asks investors for another $19bn

Boeing, the troubled American aircraft manufacturer, is asking investors to pump in about $19 billion to bolster its balance sheet and protect its investment-grade credit rating from being cut to junk status. The company, whose finances have been squeezed by…

Russia Jails Oscar-Nominated Film Producer in Absentia

A Moscow court sentenced Oscar-nominated film producer Alexander Rodnyansky to eight-and-a-half years jail in absentia on Monday for spreading “fake” information about the Russian army. Rodnyansky, 63, was born in Kyiv but spent most of his career in Russia, producing…

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