Business

Kerala comes to a standstill on Bharat Bandh day

Kerala comes to a standstill on Bharat Bandh day On May 16, 2014, the petrol price was Rs 71.41 which took the percentage increase to 75.8. However, the Bahujan Samaj Party and the Samajwadi Party did not join the Opposition protests in Delhi. 1,199 crore for flood-hit districts of the State. Bharatiya Janta Party (BJP), in defense of the rising angst against high fuel prices, released an infograph on Monday showing how the percentage growth... [Full Article...]

BA hacked: 380,000 card payments 'compromised' in breach

BA hacked: 380,000 card payments 'compromised' in breach The airline claim that the breach took place between 22:58 BST on Tuesday 21 August and 21:45 BST on Wednesday 5 September, and that the breach only affects those people who bought tickets during that timeframe. We are deeply sorry for the disruption that this criminal activity has caused. "They┬┤re a shambles", he told the Daily Telegraph newspaper. It immediately contacted customers when th... [Full Article...]

Apple says China tariffs would hit Apple Watch, Air Pods

Apple says China tariffs would hit Apple Watch, Air Pods Earlier speculation was that those tariffs , proposed in July, would take effect in early October, though trade associations have been gearing up for the announcement to come as early as the end of this week. Apple voiced its concerns about these tariffs in a public filing Friday , arguing that tariffs could make a wide range of products the company is selling to US consumers more expensive. [Full Article...]

Alibaba's Jack Ma 'to step down and focus on philanthropy'

Alibaba's Jack Ma 'to step down and focus on philanthropy' He will remain on Alibaba's board of directors and serve as a mentor to the company's new management, he said. The company had a market value of about $420 billion as of Friday's close. China's biggest e-commerce firm, it now has more than 66,000 full-time employees, according to the company's latest annual filing. Ma's retirement comes at an tough time for the Chinese tech industry. [Full Article...]

Ten-term male Democrat falls to progressive black woman in MA primary

Ten-term male Democrat falls to progressive black woman in MA primary Rep. Michael Capuano lost Tuesday's primary to Ayanna Pressley , a Boston city councillor who is virtually assured of becoming the first black woman to serve MA in Congress. Polls and political analysts predict the state's nine House of Representatives seats will remain in Democratic hands, along with the seat held by US Senator Elizabeth Warren , often cited as a possible 2020 White House co... [Full Article...]

Explained: Factors That Determine Petrol & Diesel Prices in India

Explained: Factors That Determine Petrol & Diesel Prices in India Also, crude oil has gained United States dollars 7 a barrel in a fortnight, driven by fears that the USA sanctions on Iran will likely contract supplies. Because the price is built up by excessive taxes on petrol and diesel. "Secondly, global currencies have weakened against the United States dollar". [Full Article...]

Xi announces $60bn financing for Africa

Xi announces $60bn financing for Africa Xi said the financing would be in the form of government help as well as investment and funding by institutions and companies. The money - to be spent over the next three years - comes on top of $60 billion Beijing offered in 2015. Governments in the region have "fiscal discipline", said Tshabalala. "We want to provide young Africans with more training and job opportunities", he said. [Full Article...]

Trump attacks union leader on Labor Day

Trump attacks union leader on Labor Day Trump warned Congress not to interfere with negotiations and said if they did so, he would terminate NAFTA entirely. According to the Toronto Star: "In a remark he did not want published, U.S. "I think all three countries have worked together very productively and we're getting more and more excited about the results", a senior USA official told reporters. [Full Article...]

Trans Mountain ruling increases uncertainty among resource industry groups

Trans Mountain ruling increases uncertainty among resource industry groups But many indigenous people see the 620 miles of new pipeline as a threat to their lands, echoing concerns raised by Native Americans about the Keystone XL project in the U.S. The court's decision was announced minutes before Kinder Morgan shareholders voted to approve the sale of the pipeline to the Canadian government. [Full Article...]

California close to enacting nation's strongest net neutrality law

California close to enacting nation's strongest net neutrality law It shares that definition with the latest version of Senate Bill 838 , which is authored by state Sen. State Sen. Scott Wiener, D-San Francisco, left, receives congratulations from Assemblyman Rob Bonta, D-Alameda, center, and Sen. 14, 2017, where the FCC is scheduled to meet and vote on net neutrality. Senate Bill 822 heads back to the state Senate, which must look at amendments introduced t... [Full Article...]

99.3% Of Demonetised Currency Notes Returned To Banks So Far: RBI

99.3% Of Demonetised Currency Notes Returned To Banks So Far: RBI The Reserve Bank of India in its annual report has said Rs 15.31 lakh crore out of the total Rs 15.41 lakh crore demonetised currency have returned to the banking system. Thousands of SMEs were shut. Crores of daily wage earners lost their jobs and the country lost 1.5 pc of GDP growth that translates into Rs 2.25 lakh crore per year, he claimed. [Full Article...]

Musk Scraps Plan To Take Tesla Private

Musk Scraps Plan To Take Tesla Private Explaining his reversal in a late-night blog post on Friday, the billionaire CEO said that taking the company private "would be even more time-consuming and distracting than initially anticipated", and that "most of Tesla's existing shareholders believe we are better off as a public company". [Full Article...]

US, Mexico strike tentative NAFTA deal

US, Mexico strike tentative NAFTA deal Trump tweeted Monday morning. The U.S. president made the announcement today in the Oval Office, with Mexican President Enrique Pena Nieto joining by speaker phone. The U.S. wanted to bring back auto manufacturing jobs that had gone to Mexico. Trump, like labour unions in the USA and Canada, has expressed concern about the NAFTA-era migration of auto jobs to lower-wage Mexico. [Full Article...]

Sanctions on Iran cloud supply outlook

Sanctions on Iran cloud supply outlook Benchmark Brent crude oil LCOc1 was down 30 cents a barrel at $74.48 by 0825 GMT. USA crude rose more than 4 percent on the week, after seven consecutive declines, and Brent rose 5.3 percent after three weeks of falling prices. Moreover, oil-tanker owners are seen staying away from hauling Iranian supplies because of the risk of being cut off from the booming business of transporting crude pum... [Full Article...]

Embattled Trump hits back after being implicated in federal crime

Embattled Trump hits back after being implicated in federal crime First, Trump's former campaign chairman Paul Manafort was found guilty on eight counts of fraud . While in West Virginia, Trump offered brief comments on Manafort, whose case was unrelated to special counsel Robert Mueller's probe of Russian Federation interference in the 2016 election. [Full Article...]

Australian PM refuses to concede, dangles second leadership ballot

Australian PM refuses to concede, dangles second leadership ballot Former home affairs minister Peter Dutton , an ex-police officer and right-wing conservative, said he was confident he now had the numbers to unseat Turnbull, considered a moderate. He accused a minority in the party room and others outside parliament of trying "to bully, intimidate others into making this change of leadership that they're seeking". [Full Article...]

Trump Directs SEC to Study Six-Month Reporting for Public Companies

Trump Directs SEC to Study Six-Month Reporting for Public Companies The SEC could make such a change on its own without Congress passing legislation, but that doesn't mean it will, said David Martin, who previously ran the agency unit that oversees corporate filings. "One of the inherent issues with quarterly reporting is that it does tend to drive management to make decisions geared toward short-term metrics, which is not always in everyone's best interest". [Full Article...]

USA threatens new sanctions, Turkey vows to respond

USA threatens new sanctions, Turkey vows to respond Gold prices shed over one per cent on Thursday to hit their lowest in more than 19 months, with the USA dollar holding steady near a recent peak as concerns about a Turkey crisis and China's economic health weighed on emerging market currencies. [Full Article...]

Turkish lira rebounds after Qatar pledges $15 billion

Turkish lira rebounds after Qatar pledges $15 billion Ratings agency S&P Global Ratings is also scheduled to release a review of Turkey's sovereign credit rating after the market closes on Friday. National Security Adviser John Bolton met at the White House on Monday with Turkish ambassador Serdar Kilic, but the discussion reportedly did not result in any substantive progress. [Full Article...]

US official warns of more actions against Turkey if pastor not freed

US official warns of more actions against Turkey if pastor not freed A calculation by Bloomberg shows the items listed in the decree accounted for $1 billion of imports past year, similar to the amount of Turkish steel and aluminum exports that were subjected to higher tariffs by President Donald Trump last week. [Full Article...]


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