Nikhil Kumar is The Independent's New York correspondent. He was formerly assistant editor on the foreign desk and has also done a variety of jobs on the city desk, where he wrote about markets, commodities and other business and economics topics.
08 October 2013 01:21 AM
The question of how much oil spewed out of BP’s Macondo well during the Gulf of Mexico spill in 2010 was centre stage at the hearing into the disaster yesterday, with a US government lawyer claiming that at least 4.2m barrels escaped.
08 October 2013 01:11 AM
Global markets took another pounding on Monday as international pressure grew on the US to resolve its political deadlock and avoid an unthinkable default by the world’s biggest economy.
07 October 2013 09:20 PM
When Bernie Madoff’s Ponzi scheme first came to light, Wall Street was shocked by the scope of the fraud. At $65bn, it rendered even the most seasoned traders – people who are used to dealing with millions everyday –speechless. But there was more to come, for when the disgraced financier subsequently claimed that he had acted alone, everybody was left wondering how one man could have perpetrated such an immense fraud over so many years.
04 October 2013 08:03 PM
Beloved of teens, big business and world leaders, the broadcast platform will make its founders billions –but it’s yet to turn a profit
04 October 2013 01:55 AM
While the company continues to make a loss, its revenues almost tripled last year
03 October 2013 07:32 PM
Resolving the shutdown is important, for the longer it drags on, the greater the risk to the US economy, which remains weak. A drawn-out squabble over a stopgap budget would hit consumer spending, for example, as the furloughed federal workers tighten their belts. But in the short term, attention is turning to the debt ceiling because the federal government will hit its Congressionally mandated borrowing limit no later than 17 October.
03 October 2013 12:00 AM
Bill Gates co-founded Microsoft in the mid-seventies and went on to build the business into a software behemoth that shaped the digital lives of hundreds of millions of people around the world.
US shutdown: ‘I don’t understand it, there’s no excuse for this is there?’ More bewilderment than disappointment for tourists
01 October 2013 08:32 PM
For the Hedbergs, a family from Sweden visiting New York, the sign at the head of the path that leads down to the ferries to Liberty Island – home to the Statute of Liberty – was more cause for bewilderment than disappointment.
01 October 2013 12:21 AM
Investors on Wall Street fled the stock markets on Monday, triggering sharp declines on major indices as political gridlock in Washington looked set to force a partial shutdown of the US government for the first time in nearly two decades.
01 October 2013 12:12 AM
Second phase of trial opens with claims of negligence and lack of preparation
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