Renowned American restaurant chain Hooters of America has filed for bankruptcy protection in Texas as part of a major restructuring effort aimed at addressing its mounting debt of $US376 million (approximately $601 million AUD). The company announced that it will transfer ownership of its company-operated restaurant locations to a group backed by the original founders of the brand, with the aim of strengthening its financial future. Despite the bankruptcy filing, Hooters has confirmed that it

Washington: As anticipation builds over US President Donald Trump's so-called "Liberation Day" tariff announcement, the White House has confirmed there will be no exemptions in the new wave of reciprocal tariffs. Speaking at a press briefing on Monday, White House spokesperson Karoline Leavitt made it clear that these tariffs are aimed at putting an end to what the administration calls decades of "unfair trade practices" against American exporters. President Trump has

This month, the announcement of sweeping 25% tariffs on cars “not made in the U.S.” has sent ripples through the global automotive industry, especially affecting Asian car manufacturers. U.S. President Donald Trump’s decision has put significant pressure on automakers ahead of the implementation of the new duties, which are set to take effect later this week. The move has particularly shaken Japanese and South Korean carmakers, many of whom rely heavily on the U.S. market. S

The Union Cabinet, chaired by Prime Minister Narendra Modi, has sanctioned a 2% hike in Dearness Allowance (DA) for central government employees and Dearness Relief (DR) for pensioners. The decision, announced on March 28, 2025, will benefit more than one crore individuals, including both current employees and retired personnel drawing pensions from the central government. This hike, though modest compared to previous years, will be implemented retrospectively from January 1, 2025. As a resul

In India, banking services are designed to offer convenience—but they often come at a price. From ATM withdrawals to fund transfers and cheque issuance, nearly every service comes with associated costs. While some fees are minimal, others can add up over time, impacting your personal or business finances. Whether you're managing a savings account or operating a business with a current account, understanding standard banking charges is essential for smarter financial planning. Bank f

Roshni Nadar Malhotra, the chairperson of HCL Technologies, has made history by becoming the first Indian woman to break into the top 10 of the Hurun Global Rich List 2025. With a staggering estimated net worth of ₹3.5 lakh crore, she now ranks fifth among the world’s wealthiest women, marking a major milestone for Indian business leadership. Her leap in the rankings follows a significant transfer of ownership from her father, Sh

In an unexpected twist to Turkey’s ongoing political unrest, a viral moment stole headlines as a protester dressed in a Pikachu costume was seen fleeing police in Antalya during a demonstration against the arrest of Istanbul Mayor Ekrem Imamoglu. The bizarre yet symbolic act of defiance unfolded in the early hours of March 27, as law enforcement deployed water cannons to scatter demonstrators. What began as a nationwide outrage ove

The European Union has issued a new set of guidelines urging its 450 million citizens to prepare for potential crises by stockpiling essential supplies. These supplies, which should last for at least 72 hours, include food, water, medicine, flashlights, and other critical items. The EU’s recommendation comes as part of an updated security strategy, considering the rising global threats that Europe faces today, including warfare, cyberattacks, the impacts of

The Kremlin stated on Wednesday that it would not activate the recently negotiated Black Sea maritime security agreement until a series of longstanding conditions—most of them tied to earlier unmet commitments—are fulfilled. This development comes in the wake of a US-led effort to bring about a ceasefire between Russia and Ukraine in the Black Sea and halt attacks on critical energy infrastructure. On Tuesday, the United States announced that it had reached separate agreements wit

In what appears to be a notable shift in the diplomatic tone between two of Asia’s largest economies, China and India are reportedly working on resuming direct flights that were halted five years ago due to the Covid-19 pandemic and subsequent border clashes. This development comes as both nations gear up to celebrate the 75th anniversary of their diplomatic relationship on April 1, 2025. Chinese Consul General in Kolkata, Xu Wei, confirmed in a press conference that negotiations are on

Volkswagen is currently facing a major legal challenge in India after the Indian government refused to cancel a $1.4 billion tax bill imposed on the carmaker. The government argued in the Bombay High Court that overturning the tax demand would set a dangerous precedent, warning that such a move could have catastrophic consequences. Officials claimed that doing so might encourage other companies to withhold critical information and deliberately delay tax inquiries, ultimately exploiting legal

Kumar Mangalam Birla, the esteemed chairman of the Aditya Birla Group, has been recognized with the prestigious Business Icon of the Year Award at the Business Today - PwC India's Best CEO Awards. This recognition highlights his outstanding contribution to transforming the Indian conglomerate into a global business powerhouse with operations across 40 countries. After assuming leadership at just 28 following his father’s untimely demise in 1995, Kumar Mangalam Birla s

A significant diplomatic breakthrough emerged as US President Donald Trump and Ukrainian President Volodymyr Zelenskyy engaged in a pivotal one-hour phone call, resulting in a limited ceasefire agreement between Russia and Ukraine. The ceasefire, while partial, marks a crucial step toward a more comprehensive peace settlement in the ongoing conflict. White House Press Secretary Karoline Leavitt confirmed the development on Thursday, expressing optimism that a "lasting ceasefire" was

US President Donald Trump has announced that his administration will impose reciprocal tariffs on Indian goods starting April 2, a move that has reignited tensions between the two countries over trade policies. Speaking to Breitbart News, Trump expressed frustration with what he described as India's excessively high tariffs on American products. During the interview, President Trump emphasized that while he maintains a "very good relationship" with In

The Israel Defense Forces (IDF) have launched a renewed ground offensive in central and southern Gaza, regaining control of a strategically significant land corridor. This development follows intense aerial bombardments that killed over 400 people and effectively ended a fragile two-month-old ceasefire with Hamas. The IDF announced the new "pinpointed" ground operations through an official statement, explaining that the military action aims to expand a security zone and establish a

Global Recycling Day 2025 is set to be observed on March 18, a day dedicated to recognizing and promoting recycling as a key solution for environmental preservation and sustainable living. Established in 2018, this annual event highlights the critical role recycling plays in conserving natural resources and reducing environmental pollution. The concept of Global Recycling Day was introduced by Ranjit Baxi during his inaugural speech at the Bureau of International Recycling (BIR) Convention in

At least 100 people were killed in Gaza early Tuesday as Israel launched a wave of intense airstrikes, shattering the fragile ceasefire that had held since January. The attacks targeted multiple locations across Gaza, including Gaza City, Deir al-Balah, Khan Younis, and Rafah. The strikes marked the most intense Israeli bombardment since the ceasefire agreement took effect. According to Palestinian health officials, many of the victims were children as airstrikes struck heavily populated resi

China has welcomed Prime Minister Narendra Modi’s recent remarks advocating dialogue over discord in India-China relations, calling them "positive" and a step toward strengthening diplomatic ties. Beijing emphasized that cooperation between the two Asian giants — likened to the 'Dragon-Elephant Dance' — is the most effective path to shared success. In a statement on Monday, Chinese Foreign Ministry spokesperson Mao Ning highlighted that both sides have acti

Bitcoin prices showed minor declines across major exchanges on Monday, March 17, reflecting losses of under 2 percent. On CoinMarketCap, Bitcoin was trading at $83,687 (approx. Rs. 72.6 lakh) on global platforms. Meanwhile, on Indian exchanges like CoinSwitch and Giottus, the asset’s value fluctuated between $83,810 (approx. Rs. 72.7 lakh) and $87,506 (approx. Rs. 76 lakh). The leading cryptocurrency’s sluggish performance has persisted for over two weeks following a price dip ear

Tulsi Gabbard, the US Director of National Intelligence (DNI), emphasized the growing strength of US-India relations during her visit to New Delhi. In an exclusive interview with NDTV, Gabbard highlighted the close ties between Prime Minister Narendra Modi and President Donald Trump, underscoring their shared commitment to defeating Islamic terrorism and ensuring global security. “The ties between the US and India go very far back,” Gabbard stated. “In Trump's second ter