The Federal Reserve is taking its foot off the brake a little bit more. However, it seems ill-prepared to press the economy's gas pedal. As anticipated, the Fed increased its benchmark short-term interest rate by a quarter of a percentage point on Wednesday, reversing a half-point increase in December and recognising a historic inflation spike is fading.

US: Fed approves 0.25% rate increase, Powell suggests 'couple' more hikes coming

As the electric vehicle manufacturer braces for an industry-wide pricing war, Rivian Automotive is laying off 6% of its workers in an effort to reduce expenses. The company is already dealing with declining cash reserves and a sluggish economy. According to Chief Executive R.J., the company is concentrating resources on increasing car manufacturing and achieving profitability.

Price war in electric vehicle space, EV maker Rivian to cut 6% of jobs

More than 10% of FedEx's managers will be laid off globally as the shipping giant strives to reduce expenses in the face of escalating economic concerns and a dwindling need for package delivery. The Memphis-based corporation, which had about 550,000 employees worldwide as of December, remained mum on the number of positions that would be eliminated.

FedEx layoffs include officers, directors; cuts 10% of management jobs

Following a ferocious 18-month conflict that tore the top off the global jet market, Airbus (AIR.PA) and Qatar Airways announced on Wednesday that their disagreement regarding A350 aircraft that had been grounded had been resolved. This avoided a potentially catastrophic UK court trial.

Truce between Airbus and Qatar Air, settle 18-month old A350 jet row

Myanmar's Junta has extended the country's state of emergency by another six months. This could likely delay elections that the military had pledged to hold in August this year.

Myanmar: State of Emergency extended as protesters mark coup anniversary

On Wednesday, approximately three weeks after Tyre Nichols passed away following a police beating that was captured on video and generated a wave of demonstrations and cries for accountability around the country, his burial was held in Memphis. Visiting the burial was also US Vice President Kamala Harris.

US: Tyre Nichols' funeral takes place in Memphis, V-P Kamala Harris attends funeral

According to the central bank of Australia, King Charles III will not appear on the new five dollar note. The Reserve Bank of Australia (RBA) states that the new design would honour "the culture and heritage of the First Australians."

UK: No King Charles' image on Australian banknotes, $5 note to have a new design

India is gearing up for the Union Budget. Indian Finance Minister Nirmala Sitharaman has tabled the annual economic survey which is a report card for the centre to review how the economy has fared in the past year. Watch anchor Vikram Chandra in a conversation with Mukesh Butani as they talk more about the Union Budget 2023-24.

Exclusive | Union Budget 2023: Mukesh Butani, Managing Partner at BMR Legal speaks to WION

India is gearing up for the Union Budget. Indian Finance Minister Nirmala Sitharaman has tabled the annual economic survey which is a report card for the centre to review how the economy has fared in the past year. Watch anchor Vikram Chandra in a conversation with PN Vijay and Mukesh Butani as they talk more about the Union Budget 2023-24.

Exclusive: Investment Banker PN Vijay and Mukesh Butani, Managing Partner at BMR speak to WION

India is gearing up for the Union Budget. Indian Finance Minister Nirmala Sitharaman has tabled the annual economic survey which is a report card for the centre to review how the economy has fared in the past year. Watch anchor Vikram Chandra in a conversation with Jim Rogers as they talk more about the Union Budget 2023-24.

Exclusive | Union Budget 2023: Financial Commentator Jim Rogers speaks to WION

India is gearing up for the Union Budget. Indian Finance Minister Nirmala Sitharaman has tabled the annual economic survey which is a report card for the centre to review how the economy has fared in the past year. Watch anchor Vikram Chandra in a conversation with Anshuman Magazine as they talk more about the Union Budget 2023-24.

Anshuman Magazine, Chairman & CEO -India, South East Asia, Middle East & Africa, CBRE speaks to WION

India is gearing up for the Union Budget. Indian Finance Minister Nirmala Sitharaman has tabled the annual economic survey which is a report card for the centre to review how the economy has fared in the past year. Watch anchor Vikram Chandra in a conversation with Dr. Jessica Seddon as they talk more about the Union Budget 2023-24.

Union Budget 2023: Dr. Jessica Seddon, Senior Fellow, Air Quality, at WRI speaks to WION

Exclusive | Union Budget 2023: Dr. Jessica Seddon, Senior Fellow, Air Quality, at WRI speaks to WION

India is gearing up for the Union Budget. Indian Finance Minister Nirmala Sitharaman has tabled the annual economic survey which is a report card for the centre to review how the economy has fared in the past year. Watch anchor Vikram Chandra in a conversation with PN Vijay as they talk more about the Union Budget 2023-24.

Exclusive | Union Budget 2023: Investment Banker PN Vijay speaks to WION

India is gearing up for the Union Budget. Indian Finance Minister Nirmala Sitharaman has tabled the annual economic survey which is a report card for the centre to review how the economy has fared in the past year. Watch anchor Vikram Chandra in a conversation with Kamal Bali as they talk more about the Union Budget 2023-24.

Exclusive: Kamal Bali, President & Managing Director, Volvo Group India Pvt Ltd speaks to WION

India is gearing up for the Union Budget. Indian Finance Minister Nirmala Sitharaman has tabled the annual economic survey which is a report card for the centre to review how the economy has fared in the past year. Watch anchor Vikram Chandra in a conversation with DK Joshi as they talk more about the Union Budget 2023-24.

Exclusive | Union Budget 2023: Chief Economist at CRISIL, DK Joshi speaks to WION

India is gearing up for the Union Budget. Indian Finance Minister Nirmala Sitharaman has tabled the annual economic survey which is a report card for the centre to review how the economy has fared in the past year. Watch anchor Vikram Chandra in a conversation with Amitabh Kant as they talk more about the Union Budget 2023-24.

Exclusive | Union Budget 2023: Amitabh Kant, Sherpa at G20 India speaks to WION

Afghanistan is facing its coldest winter in 15 years. Afghans are also facing food shortages, with four million children being malnourished. At least 170 people have died due to the cold wave, including nearly 80,000 livestock. The poverty-stricken citizens don't have enough money to heat their homes and hospitals are overwhelmed with the sick.

Afghanistan faces another humanitarian crisis

The suicide bombing in peace hour in Pakistan prompted a massive investigation as it is a heavily guarded compound which was attacked - it is home to the counter terrorism department of the country as well as many high-level security officials were present at the scene at the time of suicide bombing.

WION Dispatch: Pakistan mosque blast suspects arrested; investigators suspect 'inside help'

India is gearing up for the Union Budget. Indian Finance Minister Nirmala Sitharaman has tabled the annual economic survey which is a report card for the centre to review how the economy has fared in the past year. We list out the key takeaways from the economic survey. Watch WION anchor Eric Njoka in a conversation with Dr. Kartikeya Singh as they talk more about the Union Budget 2023-24.

Union Budget 2023: Will government spend support growth or populism?

Women want Indian Finance Minister Nirmala Sitharaman to focus on the following four areas in this years Budget. Watch this video to know more.

What women want from the Union Budget

Americans feel that the biggest crisis the united states is facing is not inflation and immigration. But lack of leadership from president Biden and the Congress - according to a gallup poll. Even Biden's latest job approval rating stood at 41%.

US: Biden's reality check

US faces extreme winter, with 1,500 flights cancelled and leaving 7,000 houses without power. Road accidents and black ice caution residents. Memphis to remain under an ice storm warning for another 72 hours.

Dallas to Memphis deep freezes

The United States and its allies have imposed further sanctions on Myanmar. The Southeast Asian Nation marks the two-year anniversary of a military coup which removed the country's civilian government.

US targets Myanma oil and gas enterprise officials for first time

A day after meeting the top Israeli leadership, US Secretary of State Antony Blinken met Palestinian President Mahmoud Abbas. During the meet the top US Diplomat reaffirmed Washington's backing for a two-state solution. Blinken criticised settlements in West Bank saying the US will oppose 'anything' that threatens the 2-state solution. He further warned that Palestinian people are facing "a shrinking horizon of hope."

Blinken urges Israeli- Palestinian calm

India is gearing up for the Union Budget. Indian Finance Minister Nirmala Sitharaman has tabled the annual economic survey which is a report card for the centre to review how the economy has fared in the past year. We list out the key takeaways from the economic survey.

Union Budget 2023: India forecasts growth to slow to 6%-6.8% in 2023-24

According to a financial statement released by Tesla on Tuesday, the US Department of Justice has launched an inquiry into the company's driver-assistance technologies. The complaint comes as the National Highway Traffic Safety Administration (NHTSA) is now investigating the "Autopilot" system used by the electric vehicle manufacturer.

US Justice Department investigates Tesla's self-driving features

A coalition of 12 nations will deliver 120 to 140 Western tanks to Ukraine in the "first wave" of deliveries, according to foreign minister Dmytro Kuleba. This month, as Moscow stepped up its efforts to win small-scale gains in eastern Ukraine, Kyiv was able to get commitments from the West to provide main battle tanks to help thwart an invasion.

War in Ukraine: Kyiv to get 120-140 Western tanks in first installment

Pope francis denounced the economic colonialism that he said plundered the resources of the democratic republic of the Congo. He condemned the terrible forms of exploitation of the nation where vast mineral wealth fuelled greed, war, displacement and hunger. Taking a strong stand on his visit to the African nation, he criticised the rich nations telling them to keep their hands off the Democratic Republic of the Congo and Africa.

Pope: Hands off Africa!

With hundreds of thousands marching to the streets and strikes interrupting transportation and educational facilities, protesters in France launched a new campaign on Tuesday to put pressure on President Emmanuel Macron to abandon a pension reform plan.

France: Paris metro and suburban rail services severely restricted, mass protests challenge Macron

A massive avalanche occurred at Affarwat peak in famed ski-resort Gulmarg in north Kashmir’s Baramulla district. Bodies of two persons belonging to Poland have been retrieved, four other persons rescued.

India: Avalanche hits Kashmir

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