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By M. Sriram MUMBAI (Reuters) – A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors reckon with stretched valuations and faltering consumption growth, likely laying the ground for industry consolidation. Startups in India raised just $2 billion in the first quarter of 2023, 75% lower than the same period of last year, and the smallest quarterly number […]

(Reuters) – Alphabet Inc’s Google was down for more than 12,000 users in the United States late on Tuesday, according to outage tracking website Downdetector.com. Downdetector tracks outages by collating status reports from several sources including users. (Reporting by Urvi Dugar in Bengaluru; Editing by Subhranshu Sahu) Brought to you by www.srnnews.com

By Soo-hyang Choi SEOUL (Reuters) -North Korean leader Kim Jong Un has ordered officials to launch the first spy satellite as planned, saying that boosting reconnaissance capabilities is a priority to counter “threats” from the United States and South Korea, state media reported on Wednesday. North Korea in December conducted what it called an important “final phase” test for a spy satellite and said it would complete preparations for the […]

By Natasha Ribeiro and Tyler Clifford NEW YORK (Reuters) -A four-story parking facility collapsed in New York City’s lower Manhattan near Pace University and the New York Stock Exchange on Tuesday, killing at least one worker and injuring five others who were inside the structure, authorities said. Emergency personnel using robotic devices after firefighters were pulled back from the fallen structure due to unstable conditions checked the site for any […]

By Soyoung Kim, Ju-min Park and Hyonhee Shin SEOUL (Reuters) – South Korea might extend its support for Ukraine beyond humanitarian and economic aid if it comes under a large-scale civilian attack, President Yoon Suk Yeol said, signalling a shift in his stance against arming Ukraine for the first time. In an interview with Reuters ahead of his state visit to the U.S. next week, Yoon said his government has […]

By Praveen Menon SYDNEY (Reuters) -Australia said on Wednesday it would introduce new standards targeting vehicle emissions to boost the uptake of electric cars, as it looks to catch up with other developed economies. Just 3.8% of its cars sold in Australia last year were electric, well behind other developed economies such as Britain and Europe where electric cars made up 15% and 17% of sales, respectively. The new national […]

By Soyoung Kim, Ju-min Park and Hyonhee Shin SEOUL (Reuters) – South Korea might extend its support for Ukraine beyond humanitarian and economic aid if it comes under a large-scale civilian attack, President Yoon Suk Yeol said, signalling a shift in his stance against arming Ukraine for the first time. In an interview with Reuters ahead of his state visit to the U.S. next week, Yoon said his government has […]

SYDNEY (Reuters) – Australian authorities said on Wednesday they had rescued 11 Indonesian fishermen from a desert island in the Indian Ocean after their vessel shipwrecked during a powerful cyclone, stranding them there for six days without food and water. Eight fishermen are still missing, the Australian Maritime Safety Authority (AMSA) said. The survivors were rescued on Monday night from Bedwell Island, about 313 km (195 miles) west off the […]

By Sarah N. Lynch WASHINGTON (Reuters) – Rapper Prakazrel “Pras Michel” of the Fugees, testifying in his own defense on Tuesday, said he received $20 million from Malaysian financier Jho Low to help him get a photo with former President Barack Obama. Michel faces criminal conspiracy, foreign lobbying and campaign finance charges for allegedly plotting with Low to attempt to influence the administrations of Obama and former President Donald Trump. […]