January 18, 2025 5:10 am

Day: December 16, 2024

Economy, India

India’s Billionaires Ambani and Adani See Wealth Drop Below $100 Billion Amid Business Challenges

India’s two wealthiest individuals, Mukesh Ambani of Reliance Industries and Gautam Adani of the Adani Group, have seen their net worth decline below the $100 billion mark, according to the Bloomberg Billionaires Index. Both business magnates, once among the world’s centibillionaires, are now navigating challenges affecting their companies and fortunes. Ambani Faces Declining Energy Earnings […]

Economy

World Bank Secures $100 Billion for Development Aid to Low-Income Countries

The World Bank and partner governments have announced a $100 billion commitment to replenish the International Development Association (IDA), the world’s largest provider of development financing for low-income countries. This historic funding milestone, known as IDA21, will support initiatives in 78 countries, focusing on building climate resilience, creating jobs, and improving access to education and […]

Asia, China, US

U.S. Intelligence Warns of Escalating Chinese Cyber Threats: Calls for Aggressive U.S. Action

Chinese state-sponsored cyber actors have reportedly compromised major U.S. cellular network providers in what federal authorities have called a “broad and significant cyber espionage campaign.” According to sources, the breach enabled hackers to intercept real-time phone calls, text messages, and personal data from millions of Americans, including high-profile political figures such as President-elect Donald Trump, […]

Americas, Asia, Lead

U.S. Navy Veteran Sues CNN for Defamation Over Afghanistan Evacuation Report

Former U.S. Navy veteran Zachary Young is suing CNN, claiming the network defamed him and his security consulting company, Nemex Enterprises Inc., in a 2021 segment on Jake Tapper’s program, The Lead. Young alleges the segment damaged his reputation and business by implying Nemex profited illegally during the chaotic U.S. military withdrawal from Afghanistan under […]

Entertainment

Guy Pearce Explains Why He Didn’t Work with Christopher Nolan After Memento

Actor Guy Pearce recently revealed that he didn’t collaborate with director Christopher Nolan after their groundbreaking film Memento due to a difference of opinion with Warner Bros. executives over his acting style. In an interview, Pearce explained that the studio executives at the time “didn’t get” his approach to the role, which led to a […]

Entertainment

‘Kraven the Hunter’ Bombs With $11M at the Box Office

The highly anticipated superhero film Kraven the Hunter, starring Aaron Taylor-Johnson as the titular character, has disappointed at the box office, grossing just $11 million in its opening weekend. Despite the hype surrounding the character, who is a popular Spider-Man villain, the movie’s performance has been underwhelming, leaving many in the industry shocked. The film, […]

Americas

Biden and Harris Call for Unity and Resilience After Defeat in 2024 Election

WASHINGTON – President Joe Biden and Vice-President Kamala Harris made a rare joint appearance on December 15, addressing donors and urging Democrats to remain steadfast in their values after a disappointing 2024 election cycle. The event, hosted by the Democratic National Committee, celebrated supporters who raised over US$2 billion (S$2.7 billion) during the campaign. “Our […]

Asia

South Korea’s Ruling Party Leader Han Dong-hoon Resigns Amid Political Turmoil

SEOUL – Han Dong-hoon, the leader of South Korea’s ruling People Power Party (PPP), announced his resignation on December 16, following significant internal backlash over his support for President Yoon Suk Yeol’s impeachment. “I will step down from my position as the chief of the ruling party,” Mr. Han stated during a press briefing at […]

China

China Approves Clinical Trials for Domestic Mpox Vaccine by Sinopharm

BEIJING – China’s National Medical Products Administration has approved clinical trials for an experimental mpox vaccine developed by the state-owned pharmaceutical giant Sinopharm, marking a major step toward a home-grown solution for the disease. The vaccine, created jointly by the Beijing Institute of Biological Products under Sinopharm and the National Institute for Viral Disease Control […]

Entertainment

Legendary Tabla Virtuoso Zakir Hussain Passes Away at 73

SAN FRANCISCO – Zakir Hussain, the iconic Indian tabla maestro who revolutionized Indian classical music and brought it to a global stage, passed away on December 15 at the age of 73. He succumbed to idiopathic pulmonary fibrosis, a chronic lung disease, in San Francisco, where he resided, according to a statement from his family. […]

About US

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