Economy

South Korea considering an income tax for crypto gains

South Korea considering an income tax for crypto gains

Are crypto profits to be labelled as "prize winnings"? At the same time, countries like Switzerland and Germany become a haven for as they openly invite investors with the promise of lower taxes . T...

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Food Delivery App Zomato Acquires Uber Eats for Rs. 2,485 Crore

Food Delivery App Zomato Acquires Uber Eats for Rs. 2,485 Crore

According to sources close to the deal, the deal is in the range of almost $350 million or Rs 2,500 crore. The deal is applicable only in India and Uber Eats will continue to operate in Bangladesh...

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Thunberg tells Davos climate awareness is only first step

Thunberg tells Davos climate awareness is only first step

Speaking about the climate action movement, Greta said: It wasn't only me, but all these young people pushing together.to form these alliances. The White House has also confirmed the Khan-Trump meet...

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France, US agree to extend digital tax row talks: French diplomat

France, US agree to extend digital tax row talks: French diplomat

The French Senate in July passed a measure imposing a 3% tax on large tech firms that provide services to French users. French President Emanuel Macron said Monday he had reached a breakthrough wi...

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BOJ to stand pat on rates - Bloomberg survey

BOJ to stand pat on rates - Bloomberg survey

The BoJ is widely expected to keep its benchmark lending rate unchanged at -0.1 percent, although it may introduce other means of stimulus. But the central bank will likely persist with normalizati...

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UK PM says Britain will be more open to Africans after Brexit

UK PM says Britain will be more open to Africans after Brexit

The prime minister announced an end to British support for thermal coal mining or coal power plants overseas, saying it made no sense for Britain to cut its carbon emissions from power generation at...

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Trump thanks farmers for backing him through China trade war

Trump thanks farmers for backing him through China trade war

The president has signed this deal amidst the impeachment proceedings which are being done on the president and there is a trial which is going to go on to determine whether he will be removed fro...

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World powers in Berlin to seek peace for Libya

World powers in Berlin to seek peace for Libya

Since the ouster of late leader Muammar Gaddafi in 2011, two seats of power have emerged in Libya: Haftar's in eastern Libya supported mainly by Egypt and the United Arab Emirates, and another in Tr...

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IMF Cuts Global Growth Forecasts Over -Sharp Slowdown- In India

IMF Cuts Global Growth Forecasts Over -Sharp Slowdown- In India

For emerging market and developing economies, International Monetary Fund forecast a pickup in growth from 3.7 percent in 2019 to 4.4 percent in 2020 and 4.6 percent in 2021, a downward revision of ...

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Chancellor gives post-Brexit warning to businesses

Chancellor gives post-Brexit warning to businesses

The British Chambers of Commerce (BCC) said businesses were willing to be pragmatic about this approach to Brexit but added that the government needed to be clear about its plans. Chancellor of the ...

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Powerball numbers: Did you win Saturday’s $321 million jackpot?

Powerball numbers: Did you win Saturday’s $321 million jackpot?

One player in MI came close and another player won $1 million, but there was no victor of the $322 million Powerball jackpot for the drawing held on Saturday, Jan. The drawings are held at 10:59 p.m....

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Best Buy investigates CEO Corie Barry for allegations of misconduct

Best Buy investigates CEO Corie Barry for allegations of misconduct

In an email statement to Reuters, its spokesperson said, "We encourage the letter's author to come forward and be part of that confidential process". An anonymous December 7 letter sent to the compa...

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Amazon investment ‘welcome’, Piyush Goyal says earlier statement taken out of context

Amazon investment ‘welcome’, Piyush Goyal says earlier statement taken out of context

I fall more in love with India every time I return here. "Jeff Bezos should go home tell Washington Post what is his impression about India", Mr Chauthaiwale later told news agency Reuters . Howeve...

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Gatwick hoaxer jailed for causing bomb scare on his own flight

Gatwick hoaxer jailed for causing bomb scare on his own flight

The hoax resulted in a three-hour delay at Britain's second-busiest airport on a holiday weekend. He was arrested at Gatwick Airport on suspicion of making a bomb hoax and taken into custody . He j...

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Jaguar designs a seat of the future to improve customer's well-being

Jaguar designs a seat of the future to improve customer's well-being

If these muscles are worked on a regular basis, the chance and risk of injury and back issues could potentially be reduced. The wellbeing of our customers and employees is at the heart of all our te...

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Louis Vuitton to Turn Second-Biggest Diamond Ever Into Jewelry

Louis Vuitton to Turn Second-Biggest Diamond Ever Into Jewelry

The prestigious luxury brand - known for its leather handbags - recently purchased the 1,758-carat Sewelo diamond, the world's second-largest diamond ever found in history, according to several repo...

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Elon Musk suggests Twitter adjustments to Jack Dorsey

Elon Musk suggests Twitter adjustments to Jack Dorsey

After a moment of reflection, Musk suggested that it would be useful if Twitter could differentiate between real and fake users. That's after the two tech entrepreneurs spoke via video link in f...

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US clean energy investment hits new record despite Trump administration views

US clean energy investment hits new record despite Trump administration views

Onshore and offshore wind led the way with Dollars 138.2 billion invested globally, up 6% compared to 2018. Meanwhile, the world spent about $131 billion on solar projects, which was down 3%. To reach...

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US to review petition seeking formal defect probe into 500,000 Tesla vehicles

US to review petition seeking formal defect probe into 500,000 Tesla vehicles

This filing requested that it look into alleged defects in Tesla models produced from 2012 through 2019 ( Models S , X, and 3) that could allegedly lead to unintended acceleration in up to 500,000 v...

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Carlos Ghosn's lawyers hit back at Nissan fraud claims

Carlos Ghosn's lawyers hit back at Nissan fraud claims

The lawyers' observation got here in accordance with a company governance document submitted by way of Nissan to the Tokyo Stock Exchange on Thursday. A second lawyer in Ghosn's three-person legal t...

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Cruise line: Grandpa leaned out window before girl’s fall

Cruise line: Grandpa leaned out window before girl’s fall

However Royal Caribbean counters this notify in its circulation, which incorporates a series of serene photography that the firm talked about had been taken from safety video and which it says repea...

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EU Commissioner says United Kingdom 'can call Trump's bluff'' over Huawei threats

EU Commissioner says United Kingdom 'can call Trump's bluff'' over Huawei threats

Hogan said Trump is misguidedly "obsessed" with a US deficit in goods trade with the bloc and should also take into account services, where the country has a $60 billion surplus. Hogan, who has met US...

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United Kingdom e-vehicle startup Arrival lands €100 million from Hyundai and Kia

United Kingdom e-vehicle startup Arrival lands €100 million from Hyundai and Kia

The partnership appears to be primarily focused on Europe where there has been growing demand for eco-friendly commercial vehicles. "The eco-friendly vehicle market in Europe is expected to grow rap...

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'You have not seen the last of us': Greta Thunberg

'You have not seen the last of us': Greta Thunberg

In the report over 750 global experts and decision-makers were asked to rank their biggest concerns in terms of their likelihood and impact on business and society. A separate annnual letter to cli...

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Morgan Stanley exceeds expectations with 46% increase in fourth quarter profits

Morgan Stanley exceeds expectations with 46% increase in fourth quarter profits

MS stock is now trading for $56.70 following the release of the results. Morgan Stanley gained roughly 4% year to date through Wednesday's close . The company has a consensus rating of "Hold" an...

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Oil near $59 as trade deal hopes jostle with ample supply

Oil near $59 as trade deal hopes jostle with ample supply

For the week, both benchmarks were little changed. As Mr Trump faces re-election later this year, he's under pressure to appeal to voters in the American farm belt, where the economy has been roiled...

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China Birth Rate Hits Lowest Level Since 1949

China Birth Rate Hits Lowest Level Since 1949

The result was dramatic: fertility rates dropped from 5.9 births per woman in 1970 to about 1.6 in the late 1990s. Analysts polled by Reuters forecast China's economy to have grown 6.0% in the Octob...

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Jeanswest Enters Voluntary Administration

Jeanswest Enters Voluntary Administration

Stewart said being administration gives Jeanswest an opportunity to "restructure" to "better respond" to the challenging Australian market. "Jeanswest will continue to work while the administrators ...

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Levi Strauss president exits company to become CEO of supermarket chain

In August past year the retailer said that on the request of the board, Moir would move to Australia to oversee the turnaround at its department-store chain David Jones. Roy (56), a South African, is ...

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China's economy grew at slowest pace in almost 30 years in 2019

China's economy grew at slowest pace in almost 30 years in 2019

Official figures show that the world's second largest economy expanded by 6.1% in 2019 from the year before - the worst figure in 29 years. This week Washington and Beijing signed a "phase one" tra...

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Bose to close retail stores in N. America, Europe, Aus, Japan

Bose to close retail stores in N. America, Europe, Aus, Japan

However, about 130 stores will remain open in Greater China and the United Arab Emirates, as well as additional stores in India, Southeast Asia, and South Korea, ZDNet reported on Wednesday. That's ...

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United Airlines jet with burning engine makes emergency landing in Newark

United Airlines jet with burning engine makes emergency landing in Newark

Another passenger, Nicole Adamo, also opened up about the flight on Twitter, calling it the " most terrifying experience " of her life. Passengers were put on another flight to LAX that landed about...

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The Genesis GV80 debuts with concept-car styling and tons of tech

The Genesis GV80 debuts with concept-car styling and tons of tech

The "V" in the name, Genesis says, stands for "Versatility". Genesis' lineup now comprises just three sedans , which analysts said limits its appeal, particularly with the increased demand for SUVs...

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Hotel firm Oyo lays off 10% of India staff

Hotel firm Oyo lays off 10% of India staff

SoftBank declined to comment on Oyo and other new companies in which it has invested. The company's strategic objectives are: sustainable growth, operational and customer excellence, profitabilit...

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Nation’s largest retail trade group: holiday sales rose 4.1%

Nation’s largest retail trade group: holiday sales rose 4.1%

Growth in consumer spending is expected to have slowed to around or below a 2.5 per cent rate in the fourth quarter. Last month's rise was even more pronounced if sales of automobiles and parts are ...

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