Economy

RBI to transfer Rs 1.76 lakh crore surplus reserves to govt

RBI to transfer Rs 1.76 lakh crore surplus reserves to govt

In its meeting on Monday, the RBI's central board chose to transfer Rs 1,23,414 crore of surplus for the year 2018-'19 and Rs 52,637 crore of excess provisions identified by a revised economic capital...

by · Economy
Foreign airlines ban MacBooks on Indian flights; DGCA mulls similar move

Foreign airlines ban MacBooks on Indian flights; DGCA mulls similar move

In June , Apple announced a voluntary recall of its faulty 15-inch MacBook Pro laptops. Recently, Apple recalled a limited number of MacBook Pro units sold in the said time period due to the possib...

by · Economy
Powell: Fed will 'act as appropriate'

Powell: Fed will 'act as appropriate'

Meanwhile, following Fed's hawkish speech on Jackson Hole that drowned Friday's Wall St.by more than 3 per cent, US President Donald Trump tweeted on Friday (August 23rd) saying, "My only question i...

by · Economy
Along with pumpkin spice lattes, Starbucks launches a new pumpkin drink

Along with pumpkin spice lattes, Starbucks launches a new pumpkin drink

The beverage is made with cold brew coffee, vanilla and finished with a pumpkin cream cold foam - made with real pumpkin - and a dusting of pumpkin spice topping. Starbucks has announced the return of...

by · Economy
Beyond chicken: KFC partnering with Beyond Meat to test new products

Beyond chicken: KFC partnering with Beyond Meat to test new products

Chicken-less KFC products are part of the same trend, though the company is first testing the waters with a very limited run of the stuff. "If you would have asked me six months ago, I would have said...

by · Economy
Donald Trump denies report he wanted to nuke hurricanes

Donald Trump denies report he wanted to nuke hurricanes

The U.S. economy's performance is much more intertwined with global pressures than Trump has acknowledged. The US also said fresh tariffs on an additional $ 300bn of Chinese goods, announced earl...

by · Economy
USA president says China wants to negotiate over trade war — International Business

USA president says China wants to negotiate over trade war — International Business

Vice Premier Liu He, who has been leading the talks with Washington, said China was willing to resolve the trade dispute through "calm" negotiations. "Investors have had enough and want out". Automake...

by · Economy
Gold moves towards US$1600 as trade war worsens

Gold moves towards US$1600 as trade war worsens

Last week, most Asian hubs experienced a slight uptick in physical gold demand as consumers took advantage of a retreat in prices. He emphasised that gold's next bull cycle is underway which might s...

by · Economy

Disney store to open inside Brighton Target location in October

Disney will be launching a chain of stores within 25 Target locations just in time for the Christmas shopping season. The retailer has also added a Disney-themed experience to its website, with the fu...

by · Economy
British airports to introduce 3D screening for carry-on bags

British airports to introduce 3D screening for carry-on bags

That could come to an end under the new screening regime and passengers may also be able to keep electrical equipment such as their laptops in their cabin bags. Britain's busiest airport, London Hea...

by · Economy
SIA Bans Certain 15-Inch Macbook Pros From Their Flights

SIA Bans Certain 15-Inch Macbook Pros From Their Flights

On June 20, Apple recalled a "limited number" of their older generation laptops due to batteries that were susceptible to overheating. In light of this development, Singapore Airlines, one of the le...

by · Economy
Yen Gains, Stocks to Drop as Trade-War Ramps Up

Yen Gains, Stocks to Drop as Trade-War Ramps Up

Another asset seen as safe is Japanese government bonds. U.S. equity futures tumbled while the yen and Treasury contracts climbed after the latest escalation in the Sino-American trade war. Earlier ...

by · Economy
British Airway pilots to strike for three days in September

British Airway pilots to strike for three days in September

She tried calling again at 6am on Saturday, but again could not reach customer services. We are getting in touch with all those customers this afternoon to clarify that their flight will go ahead as p...

by · Economy
Oil dragged into U.S.-China trade war, prices slump

Oil dragged into U.S.-China trade war, prices slump

A trade spat between the world's two largest economies has dragged on for over a year and roiled financial markets. Supplies have climbed as two new pipelines carrying US shale from the Permian Basin ...

by · Economy

Trump Says He's Had Second Thoughts on China Trade War Moves

The meeting of the Group of Seven nations - Britain, Canada , France , Germany, Italy, Japan and the US - in the beach resort town of Biarritz comes at one of the most unpredictable moments in Tr...

by · Economy
Out: Libra founders are preparing an escape from the project

Out: Libra founders are preparing an escape from the project

The reason is the strong resistance by regulators. "Over in the US, lawmakers have called for Libra to be halted until regulatory issues have been addressed". However, the possibilities of the lau...

by · Economy
Mark Carney: Global digital currency could reduce influence of US dollar

Mark Carney: Global digital currency could reduce influence of US dollar

Aside from that, Carney had also been quoted saying at Jackson Hole on Friday (August 23rd) that Chinese Yuan could have been a better alternative to USA dollar as a global reserve currency, given the...

by · Economy
Powerful Law is the Basis for President Trump’s ‘Order’ on Trade

Powerful Law is the Basis for President Trump’s ‘Order’ on Trade

While it's not entire clear what the President's initial " order " entailed, a number of legal and worldwide affairs experts pointed out that under the IEEPA, Trump words have no legal authority unl...

by · Economy
Prime Minister Narendra Modi conferred with top Bahraini award

Prime Minister Narendra Modi conferred with top Bahraini award

The event made Mr. Modi, who reached Bahrain yesterday, the first Indian Prime Minister to address in Bahrain. PM Modi has been honoured by several other Islamic nations with their high civilian a...

by · Economy
Apple warns its credit card can get scuffed up easily

Apple warns its credit card can get scuffed up easily

Apple's new Goldman Sachs-backed credit card launched to all US iPhone users only yesterday, and now we're learning all kinds of fun facts about the physical, titanium card the company is sending to l...

by · Economy
Google doesn't want staff debating politics at work anymore

Google doesn't want staff debating politics at work anymore

However, the rules potentially drive a wedge between workers who have cherished the devil-may-care attitude of Google's workplace and the company's management which appears to be striving for a more...

by · Economy
BC Hydro rates going down?

BC Hydro rates going down?

In July 2019, government launched Phase 2 of the BC Hydro review with the objective of creating a strategy, for the benefit of British Columbians, for BC Hydro to continue to provide its customers w...

by · Economy
United Kingdom pilot project powers rail network with solar

United Kingdom pilot project powers rail network with solar

A social enterprise in the United Kingdom today switched on the first solar array to provide power to a railway line, and will now investigate how to scale up to eventually directly power trains from ...

by · Economy
Trump sends mixed messages to China on trade war

Trump sends mixed messages to China on trade war

But there is evidence of rancor behind the scenes, with American officials griping the yearly gathering is being orchestrated to isolate Trump and trade disputes spilling into the open- even with ...

by · Economy
Oil prices slide as US-China trade war escalates

Oil prices slide as US-China trade war escalates

Brent crude futures were down $1.30, or about 2.2%, at $58.52 around mid afternoon. After the Chinese announcement of measures to retaliate for the planned US tariffs on Chinese imports, WTI Crude...

by · Economy
Eddie Stobart CEO stands down as shares are suspended

Eddie Stobart CEO stands down as shares are suspended

Eddie Stobart , one of the most recognisable brands on United Kingdom roads, was plunged into crisis after it suspended its shares, said goodbye to its boss and revealed it was delaying publication of...

by · Economy
Smoke forces Hawaii Airlines plane to make emergency landing

Smoke forces Hawaii Airlines plane to make emergency landing

Snook said the five adults and two children taken to hospitals were suffering from "smoke-related symptoms". The smoke "was really getting thick", said passenger Linda Puu, adding that first respond...

by · Economy
Hyundai to reveal full-electric concept vehicle at Frankfurt Motor Show

Hyundai to reveal full-electric concept vehicle at Frankfurt Motor Show

Although it looks a little dated now, the first-generation Pony sedan was actually quite a coup for Hyundai . Arguably most distinctive is its rear. The aptly named 45 concept has close ties with t...

by · Economy
AT&T Southeast workers strike over unfair labor practices

AT&T Southeast workers strike over unfair labor practices

The strike includes AT&T employees in Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina and Tennessee. "You should also know that we have offered the union ...

by · Economy
Walmart, Tesla pause in legal fight over fiery solar panels

Walmart, Tesla pause in legal fight over fiery solar panels

In the lawsuit, Walmart vented about what seems to be Tesla's negligence. In a lawsuit filed in the New York State Supreme Court, Walmart said that it faced massive losses after the solar panels ...

by · Economy
Porsche Taycan interior revealed, blends digital with traditional

Porsche Taycan interior revealed, blends digital with traditional

Ahead of its September 4 debut, Porsche has finally revealed images of its first electric car's cabin and it is as futuristic as you thought it would be. As for the air vents, Porsche has introd...

by · Economy
VMware acquires Pivotal and Carbon Black for $4.8 billion

VMware acquires Pivotal and Carbon Black for $4.8 billion

Both of those deals were valued at a combined $4.8 billion. Both VMware and Pivotal are owned by Dell Technologies . VMWare makes cloud computing software, while Pivotal provides tools for soft...

by · Economy
HP CEO Dion Weisler to step down in November; shares slide

HP CEO Dion Weisler to step down in November; shares slide

HP Inc .'s stock is down more than six percent in after-hours trading on the news, highlighting the value of Weisler's leadership. He will be succeeded by Enrique Lores , who now oversees an HP divis...

by · Economy
British Retail Sales Fall At Fastest Pace Since 2008: CBI

British Retail Sales Fall At Fastest Pace Since 2008: CBI

Only 10% of retailers who responded to the survey reported an increase in sales, while 58% said sales had fallen - the second-weakest reading since the business group introduced the survey in 1983. CB...

by · Economy
Does UK's Johnson want to be 'Mr — EU's Tusk asks

Does UK's Johnson want to be 'Mr — EU's Tusk asks

Johnson voiced concerns with the current state of global trade and said that he intends to discuss the issue with fellow world leaders during this weekend's G-7 meeting. Mr Tusk has opened the door...

by · Economy