Oil Prices Slide Further on Supply Worries, US Economic Contraction

May 1, 2025 5:59 PM

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Oil Prices Slide Further on Supply Worries, US Economic Contraction

Oil prices fell today, extending a steep decline from the previous session amid concerns of mounting supply and data showing a contraction in the US economy, the world's top oil consumer. Brent Crude was trading almost two per cent down at 59 dollars and 85 cents per barrel. WTI Crude was also down ...

NHRC Urges 11 States to Act Swiftly Against Heatwave Risks

May 1, 2025 5:59 PM

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NHRC Urges 11 States to Act Swiftly Against Heatwave Risks

In view of the heatwaves during the summer in various parts of the country, the National Human Rights Commission (NHRC) has asked 11 states to take immediate preemptive measures to protect the vulnerable people. The Commission said that states need to take protective measures, especially for economi...

Nikkei Rises 1.1% as Most Asian, European Markets Shut for Labour Day

May 1, 2025 5:53 PM

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Nikkei Rises 1.1% as Most Asian, European Markets Shut for Labour Day

Most Asian markets, except Japan, were closed for trading in observance of Labour Day. Meanwhile, Japan's Nikkei index rose over 1.1 percent today. The Bank of Japan (BOJ) decided to keep its benchmark interest rate unchanged at 0.5 percent for a second straight meeting as worries continued to grow ...

Wall Street Ends Mixed as GDP Shrinks, Dow and S&P 500 Rally Late

May 1, 2025 5:46 PM

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Wall Street Ends Mixed as GDP Shrinks, Dow and S&P 500 Rally Late

US stocks ended mixed on Wednesday, with the Dow Jones Industrial Average and S&P 500 closing higher after a late rally. The indices recovered from losses suffered earlier in the session, which were triggered by data showing that the economy contracted in the first quarter for the first time in ...

Sri Lanka Marks Labour Day with Mass Rallies Led by Major Parties Across Country

May 1, 2025 5:45 PM

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Sri Lanka Marks Labour Day with Mass Rallies Led by Major Parties Across Country

Political parties and trade unions across Sri Lanka are commemorating International Labour Day today with mass rallies and parades under diverse themes.   The ruling National People’s Power (NPP) is leading its main event at Colombo’s Galle Face Green, which was attended by President Anura Kumara Di...

South Korea’s Acting President Han Duck-soo Resigns to Run in June 3 Election
Acting president at meeting of security-related ministers Acting President and Prime Minister Han Duck-soo speaks during a meeting of security-related ministers at the government complex in Seoul on May 1, 2025. (Pool photo) (Yonhap)/2025-05-01 09:57:16/

May 1, 2025 5:44 PM

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South Korea’s Acting President Han Duck-soo Resigns to Run in June 3 Election

South Korean Acting President Han Duck-soo resigned today, signalling his intention to run in the June 3 presidential election. Mr Han made the announcement during a press briefing in Seoul, ending weeks of speculation about his candidacy following the impeachment of former President Yoon Suk Yeol. ...

GST Collections Hit Record ₹2.37 Lakh Crore in April, Up 12.6% YoY

May 1, 2025 4:48 PM

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GST Collections Hit Record ₹2.37 Lakh Crore in April, Up 12.6% YoY

India's goods and services tax (GST) collections surged by 12.6 percent to an all-time high of 2.37 lakh crore rupees in April in comparison to the same month last year. According to government data, the Central GST collection for the month stood at 48 thousand 634 crore rupees and State GST at 59 t...

ECI Launches New Steps to Clean Voter Rolls, Unveils New Voter-Friendly Measures

May 1, 2025 8:11 PM

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ECI Launches New Steps to Clean Voter Rolls, Unveils New Voter-Friendly Measures

The Election Commission has introduced new initiatives aimed at improving the accuracy of electoral rolls and making the voting process more convenient for citizens. Our correspondent reports that these measures are in line with the initiatives envisaged by Chief Election Commissioner Gyanesh Kumar ...