Economy

India`s January manufacturing activity hits almost 8-year high

India`s January manufacturing activity hits almost 8-year high

India's annual growth in gross domestic product (GDP) fell to 4.5 per cent for the quarter ended September 2019, down from 5 per cent in the previous three months and 7 per cent for the corresponding ...

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China's Foreign Ministry Says US Should Not Overreact to Coronavirus Outbreak

China's Foreign Ministry Says US Should Not Overreact to Coronavirus Outbreak

It was built in just 10 days, its prefabricated wards equipped with state-of-the-art medical equipment and ventilation systems. "So having additional (beds) available is a great improvement", Zhong to...

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Stocks in China plunge as markets reopen; USA stocks rebound

Stocks in China plunge as markets reopen; USA stocks rebound

The Shanghai Composite was up 5.8 points at 2,752.44. Major airlines have cut flights to China amid lower demand. Fears surrounding the spread of coronavirus, which has been declared a global emer...

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Coronavirus: China accuses USA of spreading 'panic'

The coronavirus claimed its first victim outside of China this past weekend, as a 44-year-old man in the Philippines died from the virus that recently originated in the Chinese city of Wuhan. Hong K...

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Global stocks jump as China markets reopen, dollar gains

Global stocks jump as China markets reopen, dollar gains

USA stocks rose on Monday as investors waded back into the market finding bargains after Friday's massive sell-off, but fears about the impact of the ongoing coronavirus scare in China. Bond prices fe...

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U.K., European Union to Set Out Red Lines for Deal

U.K., European Union to Set Out Red Lines for Deal

Mr. Johnson gave a passionate defence of free trade, comparing Britain to Clark Kent, ready to "leap into the phone booth and emerge with his cloak flowing as the supercharged champion of the right of...

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Ryanair wants to order the 737 Max 10

Ryanair wants to order the 737 Max 10

A surge in Christmas bookings saw low-priced airline Ryanair return to profit in the three months to December 31, 2019. The 737 Max was grounded worldwide in March after two crashes within five mo...

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United Kingdom eyes Canada-style trade deal with EU

United Kingdom eyes Canada-style trade deal with EU

Britain on Friday became the first country to leave the European Union after 47 years of membership, capping more than three years of division and debate following a landmark 2016 referendum. 'We have...

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First Treatment for Peanut Allergy Approved by FDA

First Treatment for Peanut Allergy Approved by FDA

The drug, Palforzia, will list for $890 a month and brings its own risks, the Wall Street Journal reports. The US has approved its first treatment for peanut allergies in children. Side effects we...

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Hong Kong Closes Smaller Border Crossings As Calls Grow For Total Shutdown

Hong Kong Closes Smaller Border Crossings As Calls Grow For Total Shutdown

HONG KONG (AP) - Hong Kong's economy shrank previous year for the first time since 2009, government data showed Monday, as the territory struggles with the impact of China's virus outbreak. Workers ...

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Michael Sanchez, Lauren Sanchez's brother, sues Jeff Bezos

Michael Sanchez, Lauren Sanchez's brother, sues Jeff Bezos

Jeff Bezos was sued for defamation by his girlfriend's brother in a lawsuit accusing the Amazon .com Inc chief executive officer of falsely claiming the brother provided lurid photographs to the Na...

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China accuses USA of scaremongerng over coronavirus

Secretary of Health and Human Services Alex Azar takes questions during a briefing with members of the president's Coronavirus Task Force in Washington on January 31, 2020. An additional 2,829 cas...

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Apple to close all China mainland stores due to virus outbreak

Apple to close all China mainland stores due to virus outbreak

The company said its online store in China will remain open even while its brick-and-mortar presence in China remains closed. Earlier this week, Apple closed three stores in China due to concerns ab...

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Coronavirus: Chinese stocks plunge as markets reopen

Coronavirus: Chinese stocks plunge as markets reopen

The yuan began trade onshore at its weakest level this year. Hong Kong's Hang Seng Index, which dropped 5.9% in three days of trading last week, slid 0.5%. More than 2,600 stocks fell by the daily 1...

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Budget 2020: Sitharaman announces new income tax rates but there's a catch

Budget 2020: Sitharaman announces new income tax rates but there's a catch

Earlier it was expected that the government might impose a flat rate of 10 per cent for taxpayers earning from Rs 2.5 lakh to Rs 10 lakh. "In this connection, it may be noted that a meagre 3.77 lakh...

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Wall Street opens in red as coronavirus headlines continue to dominate

Wall Street opens in red as coronavirus headlines continue to dominate

The index closed at 28,256.03 points and fell 2.09 percent from the first Friday. For the month, the Nasdaq did still and positive for the month, but the S&P and Dow closed the month lower. Amazon W...

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Caterpillar's stock falls after profit beats expectations but sales and outlook miss

Caterpillar's stock falls after profit beats expectations but sales and outlook miss

The world's biggest construction and mining equipment maker said it expects 2020 profit of $8.50 to $10 per share, lower than $11.06 per share past year and below the average analyst estimate of $10.6...

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Mercedes X-Class Production To End In May

Mercedes X-Class Production To End In May

The X-Class remains available to order on Mercedes' UK website, but from May will remain on sale only while stocks last. At the moment, Mercedes has already taken down the configurator of the picku...

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Airbus to pay $5.26B to settle bribery cases

Airbus to pay $5.26B to settle bribery cases

Anti-corruption investigators according to The Guardian Report, has described the court's decision as the largest ever corporate fine for bribery in the world after judges declared the corruption was ...

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LIC will be IPO of the decade, akin to Saudi Aramco listing

LIC will be IPO of the decade, akin to Saudi Aramco listing

Market mavens said LIC could become the biggest listed firm by market capitalisation, toppling Reliance Industries Ltd, which is the most valued company with a market cap of Rs 8.76 lakh crore. The ...

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Royal Dutch Shell net profit slides 32pc

Royal Dutch Shell net profit slides 32pc

The Chief Executive Officer, Ben van Beurden, said the company faced "challenging macroeconomic conditions" in its petroleum refining and chemicals business, "as well as lower oil and gas prices" past...

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Northern Rail to be brought under government control

Northern Rail to be brought under government control

In a joint statement, Greater Manchester and St Helens mayors Andy Burnham and Steve Rotheram said:"Today's news is a victory for passengers who have had to endure nearly two years of misery and mayhe...

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Norton Motorcycles enters administration over taxes

Norton Motorcycles enters administration over taxes

Norton employs about 100 people at its factory in the market town Castle Donington, as yet no redundancies have been announced. BDO has taken over Norton Motorcycle Holdings and Norton Motorcycles U...

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Donald Trump's Economy: 2019 Advance Estimate Is In

Donald Trump's Economy: 2019 Advance Estimate Is In

Fourth-quarter growth matched the rate clocked in the third quarter. "From the fourth quarter, a recession in imports, an acceleration in government spending, and a lesser reduction in nonresident...

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World Health Organization declares global coronavirus emergency

As scientists race to find a vaccine, the World Health Organization (WHO ) on Thursday declared a public health emergency of worldwide concern amid rising fears the virus could reach countries with...

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GM revives Hummer as all-electric vehicle

GM revives Hummer as all-electric vehicle

The second plan for the EV truck's release is to showcase the future Hummer in all its glory via a 30-second-long add during the second half of the Super Bowl on Sunday. It'll be a hummer that, you kn...

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Budget 2020: When and where to watch?

Budget 2020: When and where to watch?

Some of the crucial issues the budget needs to address immediately are slowing GDP, low consumer confidence, discouraging rates of private consumption, increasing unemployment, lack of availability of...

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United Kingdom rates held steady as BoE readies for Brexit

United Kingdom rates held steady as BoE readies for Brexit

The Bank of England's Monetary Policy Committee has voted to keep interest rates at 0.75%. "That's why, I believe the decision to leave interest rates below 1% will only encourage more people to...

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Amazon’s Prime advantage has made it nearly unstoppable

Amazon’s Prime advantage has made it nearly unstoppable

Amazon announced that it now has more than 150 million paid Prime members around the world. Amazon's fourth-quarter profit rose 7% from a year earlier to $3.3 billion, or $6.47 per diluted share o...

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China Reports Nearly 10,000 Coronavirus Cases

China Reports Nearly 10,000 Coronavirus Cases

The death toll in Hubei, the Chinese province at the center of the epidemic, had risen to 204 and there were 9,692 cases of infection nationally as of Thursday, Chinese health authorities said. Some 1...

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Oil falls as virus death toll climbs, USA inventories rise

Oil falls as virus death toll climbs, USA inventories rise

If WTI continues extending it raises, the price could climb to $57.43, and even until $58.81 per barrel. Also weighing on oil prices this week were continuing worries about the new virus in Chi...

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United States reports 1st case of person-to-person spread of new virus

United States reports 1st case of person-to-person spread of new virus

The virus was first reported in late December. The husband of an IL woman diagnosed with coronavirus after returning from a trip to China has also become infected, marking the first known person...

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World Health Organization declares the coronavirus outbreak is an 'international emergency'

The first reported case of human-to-human transmission in the United States is the husband of a woman who traveled to Wuhan, China and had tested positive last week for the virus. The pneumonia-ty...

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US Economic Growth Slowed In 2019 To 2.3%

US Economic Growth Slowed In 2019 To 2.3%

It followed on the heels of the Fed deciding to keep rates unchanged last night. Lawrence Kudlow, head of the president's National Economic Council, said Thursday he expects GDP growth will be hel...

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1st Person-To-Person Spread Of Coronavirus Has Occurred In U.S., CDC Says

1st Person-To-Person Spread Of Coronavirus Has Occurred In U.S., CDC Says

Though there's now no vaccine available for 2019-nCoV, medical professionals are still able to treat specific symptoms, so people who believe they might have contracted the virus are advised to contac...

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