Economy

Rs 12 lakh worth of notes destroyed by rats

Rs 12 lakh worth of notes destroyed by rats

Subsequently, on June 11, the company had re-opened the ATM only to realise that the whole sum of Rs1.3 million had been shredded to pieces by mice. Bank officials claimed rodents nibbled notes wo...

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Microsoft employees revolt over firm's 'proud support' of US ICE

Microsoft employees revolt over firm's 'proud support' of US ICE

In its statement , Microsoft noted that it is not directly working with ICE or U.S. Customs and Border Protection on these immigration policies and is "not aware" of its software "being used for ...

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Elon Musk: Rogue Employee Carried Out 'Extensive Sabotage'

Elon Musk: Rogue Employee Carried Out 'Extensive Sabotage'

His solution? Build a giant tent instead, and assemble the cars in that. Tesla is continuing to investigate the full extent of the sabotage, and whether the employee was acting alone or had the he...

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Merkel responds to Trump claims: German crime stats 'speak for themselves'

Merkel responds to Trump claims: German crime stats 'speak for themselves'

But both parties agreed Monday to postpone a final decision. "A new chapter opened for the Europe Union and for Franco-German cooperation today", Mrs Merkel said. The leaders of Germany and Fr...

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Trump Threatens China With Fresh Tariffs On $200 Billion Of Imports

Trump Threatens China With Fresh Tariffs On $200 Billion Of Imports

But the rhetoric is intensifying, with Trump lashing out at Beijing over its threat to retaliate against the administration's latest proposed tariffs . However, business expert Derek Scissors of th...

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Audi CEO Arrested in Diesel Emissions Case

Audi CEO Arrested in Diesel Emissions Case

Last month, Germany's Motor Transport Authority ordered Audi to recall and fix 60,000 A6 and A7 diesel cars alleged to have the illegal software installed. Stadler's arrest will raise tensions on VW's...

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Video Shows Tesla Bursting Into Flames On Road 'Out Of The Blue'

Video Shows Tesla Bursting Into Flames On Road 'Out Of The Blue'

His wife and actor Mary McCormack posted a video online where flames can be seen bursting out of the bottom of the vehicle. The destroyed Model S was being driven by British TV director Michael M...

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Amazon brings Prime to Australia after geoblocking furore

Amazon began offering its paid subscription service in Australia on Tuesday, wooing premium users with a way around the geoblock on its offshore websites that has drawn criticism in the world's 12th-b...

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OMB's Kraninger picked to head US CFPB -White House

OMB's Kraninger picked to head US CFPB -White House

The CFPB was formed in the wake of the USA financial crisis of 2007-08, authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The post is now held by interim director Mick Mu...

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Trump Targets $200 Billion In Chinese Imports As Spat Grows

The US "practice of extreme pressure and blackmail departed from the consensus reached by both sides during multiple negotiations and has also greatly disappointed worldwide society", China's commerce...

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Kellogg's recalls Honey Smacks due to Salmonella outbreak

Kellogg's recalls Honey Smacks due to Salmonella outbreak

An identifier of the recalled cereal includes an expiration date of June 14, 2019, according to the CDC website . The Kellogg Company is voluntarily recalling one of its cereals which may be ta...

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USA places tech tariff on China, but smartphones are not affected

USA places tech tariff on China, but smartphones are not affected

The US trade representative's office said it issued a revised China tariff list covering 1,102 separate product categories. According to the World Trade Organization (WTO), the US imposes, on av...

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China Industrial Output Up 6.8%; Central Bank Holds Rates

China Industrial Output Up 6.8%; Central Bank Holds Rates

Retail sales in May expanded at the slowest pace since June 2003, according to Reuters calculations. According to data from the National Bureau of Statistics (NBS), China's steel output surged t...

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Italy won't ratify EU-Canada trade deal: agriculture minister

Italy won't ratify EU-Canada trade deal: agriculture minister

President Trump responded with a one-two punch of angry tweets that indicated it was hypocritical of PM Trudeau to posture on the trade tariff issue publicly while presenting a friendly face during t...

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McDonald's is ditching plastic straws in the United Kingdom and Ireland

McDonald's is ditching plastic straws in the United Kingdom and Ireland

The burger chain and other fast-food companies are facing increasing pressure from customers and environmental activists to stop using plastic straws because they can end up in the ocean and harm sea ...

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European Central Bank to end crisis-era stimulus programme in December

European Central Bank to end crisis-era stimulus programme in December

A separate report showed that fewer US workers filed for unemployment claims last week than expected, an encouraging sign for the labor market. Chinese investors ignored the eurozone relief as the S...

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Deputy killed, another wounded in shooting in Kansas City

Deputy killed, another wounded in shooting in Kansas City

His condition also was not released. She said she was not sure whether the suspect was shot by one of the deputies or someone else who responded to the incident. Bailiff said their own firearms coul...

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VW responsible as a whole for diesel scandal

VW responsible as a whole for diesel scandal

VW has admitted installing software in 11 million diesel vehicles, which caused pollution controls to operate properly only when an engine's computer determined that the auto was undergoing a test. Vo...

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Tesla cuts 9 percent of workforce in bid to post profit

Tesla cuts 9 percent of workforce in bid to post profit

Eulav Asset Mgmt invested in 0.29% or 23,000 shares. United Asset Strategies invested 0.08% of its portfolio in Tesla, Inc . Sumitomo Mitsui Trust Holdings Inc . will cut thousands of jobs in the co...

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Trump Hits China With Auto Tariffs, Buick Envision Could Cost $8K More

Trump Hits China With Auto Tariffs, Buick Envision Could Cost $8K More

In April, it said it would levy 25 per cent tariffs on imports of 106 USA products, including soybeans, automobiles, chemicals and aircraft, in response to proposed American duties. Trump, in his ...

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McDonald’s to switch to paper straws in U.K., Ireland

McDonald’s to switch to paper straws in U.K., Ireland

UK Prime Minister Theresa May said earlier this spring that she aims to ban the sale of single-use plastic straws. The chain has been working with start-up Transcend Packaging, based in Wales, and H...

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Kellogg Recalls Honey Smacks Cereal on Salmonella Concerns

Kellogg Recalls Honey Smacks Cereal on Salmonella Concerns

The CDC said epidemiologic evidence indicates that Kellogg's Honey Smacks cereal is a likely source of this multi-state outbreak. The CDC warned Americans to dispose of any Honey Smacks cerea...

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Facebook tells what user information they need, 112.worldwide

Facebook tells what user information they need, 112.worldwide

In the answers, the company also detailed ways its partners were able to gather information about users' activities even if they're not logged into Facebook, including information about the purchases ...

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Theranos founder, former president indicted on wire fraud charges

Theranos founder, former president indicted on wire fraud charges

They also told investors the company's partnership with Walgreen's for blood-testing "Wellness Centers" was expanding, when in reality it was stalled because executives at the pharmacy giant "had conc...

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Charlotte Airport Latest: Flights Cancelled Stranding Thousands of Passengers After Technical Fault

Charlotte Airport Latest: Flights Cancelled Stranding Thousands of Passengers After Technical Fault

American, which is based in Fort Worth, Texas, moved passengers to flights on its main jet operations or other regional carriers. American Airlines Group Inc. The affiliate serves almost 90 destin...

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Oil prices slip as US and Russian supplies grow

Oil prices slip as US and Russian supplies grow

In January 2017 OPEC and some non-OPEC partners, including Russian Federation, cut oil output by 1.8 million barrels per day (bpd). And the USA reportedly supports the output increase as gasolin...

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Strong Bounce on Remarks from SEC Official

Strong Bounce on Remarks from SEC Official

Bitcoin , too, rose as a result of this news. The SEC's position is particularly significant given ether's status as the second largest cryptocurrency in terms of market capitalization. Hinman ask...

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Mark Sanford, Fromer SC Governor, Loses Seat in U.S. House

Mark Sanford, Fromer SC Governor, Loses Seat in U.S. House

In Virginia , Republicans went with a candidate who was so over-the-top Trumpy that he wound up being fired from the president's campaign. Whatever delayed Trump's endorsement ... In South Carolin...

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Wins O'Hare Airport train contract

Wins O'Hare Airport train contract

Autonomous electric vehicles known as skates would carry 8 to 16 people and their luggage on the 18-mile trip between O'Hare and Block 37 in about 12 minutes, reaching a top speed of about 150 miles...

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Microsoft is developing its own cashierless store technology, says report

Microsoft is developing its own cashierless store technology, says report

Microsoft has worked with partners to target the retail industry, rather than compete with them head-to-head the way that Amazon is doing. Amazon may be facing new competition from Microsoft on its...

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Marin among nation's top three most expensive places for renters

Marin among nation's top three most expensive places for renters

A Vermonter making minimum wage would need to work 1.7 jobs to afford a one-bedroom rental home or apartment, according to a report released Wednesday. Meanwhile, Hawai'i's minimum wage is set at $10...

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Philadelphia bids to host 2026 World Cup matches

In qualification for the 2018 World Cup, the US surprisingly finished fifth in a group of six countries in the fifth round of qualification, only ahead of Trinidad & Tobago. And unlike past World Cup ...

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Bitcoin Price was Manipulated by Tether, Researchers Claim

Bitcoin Price was Manipulated by Tether, Researchers Claim

In the last 24 hours, bitcoin has fallen almost seven percent, according to CoinMarketCap. Evidence of price manipulation was found in all of those, too. The periods with the largest flow of teth...

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Fed interest rate: Federal Reserve hikes interest rate another quarter point today

Fed interest rate: Federal Reserve hikes interest rate another quarter point today

Estimates of longer-run interest rates were unchanged and seen reaching as high as 3.4 percent in 2020 before dropping to 2.9 percent in the longer run. In its updated forecasts , the Fed envisions s...

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More than 900 rescued refugees arrive in Sicily

Macron said Rome had acted "with cynicism and irresponibility" by turning away the migrant ship Aquarius. Meanwhile Finance Minister Giovanni Tria announced that he would cancel an official visit to...

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