Economy

KFC contest giving $11K to parents who name baby 'Harland'

KFC contest giving $11K to parents who name baby 'Harland'

The first baby born whose legal first name is Harland between midnight and 11:59 p.m. Why $11,000? The figure is supposed to honor the 11 herbs and spices that go into KFC's fried chicken recipe. ...

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Google Bought Mastercard Data To Track Your Offline Purchases For Ad-Targeting

Google Bought Mastercard Data To Track Your Offline Purchases For Ad-Targeting

According to Bloomberg , Google had once claimed that the company has access to "approximately 70 percent" of credit and debit card data in the U.S. Bloomberg notes that Google provides a bulk rep...

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India's economic growth surges to 8.2%

India's economic growth surges to 8.2%

Although the GDP growth is welcome, some analysts doubt the economy will accelerate further. Last year, services GDP had grown at a robust pace due to higher growth of trade sub-segment and professi...

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As clock ticks, Canada and U.S seek ways to salvage NAFTA

As clock ticks, Canada and U.S seek ways to salvage NAFTA

Several trade analysts points out that under the current U.S. Trade Promotion Authority provisions , Trump hasn't been given the authority to negotiate a two-way deal with Mexico that excludes ...

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Trump threatens to withdraw USA from World Trade Organization

Trump threatens to withdraw USA from World Trade Organization

Trump has already disrupted global trade by imposing tariffs on partners like the European Union, Mexico, Canada, and China , and pulling the USA out of the WTO could cause further uncertainty. Washi...

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Nafta Negotiations: Where Do We Go From Here?

Nafta Negotiations: Where Do We Go From Here?

Trump hugely - he's the President - but he says things that should not be read as final statements", he said . The Toronto Star obtained off-the-record remarks Trump made in an interview with Bloo...

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Ford cancels plans to sell Focus Active in US

Ford cancels plans to sell Focus Active in US

Automakers have urged the Trump administration not to impose tariffs on vehicles built in China. But the decision does make the model another symbol of the side effects of Trump's trade war for major ...

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European Union set to end switch between summer and winter time - Juncker

European Union set to end switch between summer and winter time - Juncker

Asked in an interview with Bloomberg to comment on the offer, Trump said "it's not good enough" and reiterated that the bloc "is nearly as bad as China, just smaller". Alexander Winterstein, the s...

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Indian economy grows at 15-quarter high of 8.2% in Q1

Indian economy grows at 15-quarter high of 8.2% in Q1

The latest period's annual pace beat a Reuters poll forecast of 7.6 percent, and was the highest since India logged 9.3 percent growth in the January-March quarter of 2016. "Q1 growth rate is based ...

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Cola-Cola buys $5.1bn Costa for 'strong coffee platform'

Cola-Cola buys $5.1bn Costa for 'strong coffee platform'

Quincey emphasized Costa's positioning as a versatile, global coffee platform that can complement Coke's existing interests in the category. Whitbread said it will use the money to reduce its de...

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Donald Trump threatens to pull USA out of WTO

Donald Trump threatens to pull USA out of WTO

Countries that bring complaints to the WTO tend to prevail and defendants in trade disputes lose. "In the previous year, we're starting to win a lot", he added. The one creating the most interest ...

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IMF Argentina Bailout Working About As Well As The Last One

Argentina is crashing back into the kind of financial turmoil that Macri's market-friendly government had supposedly left behind. Despite the deal with the International Monetary Fund, which had cal...

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Argentina’s Central Bank Lifts Policy Rate to 60%

Argentina’s Central Bank Lifts Policy Rate to 60%

The Argentine peso tumbled again, even after the central bank hiked its benchmark interest rate by 15 percentage points to a dizzying 60 percent on Thursday in a bid to control rampant inflation and...

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Trump cancels pay raises for federal employees, including 75,500 in Washington

Trump cancels pay raises for federal employees, including 75,500 in Washington

It is worth noting that the Senate spending plan did receive some opposition from the White House, as Trump has recommended freezing federal salary despite increasing pay by 1.4 percent past year, acc...

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U.S. International Trade Commission overturns Canadian newsprint duties

U.S. International Trade Commission overturns Canadian newsprint duties

Norpac said the tariffs helped balance the playing field with subsidized Canadian companies. On Wednesday, the ITC contradicted those findings, freeing newspapers from price spikes for newsprint in ...

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ARGENTINA NEXT? Peso PLUNGES 45% as Currency Collapses

That could hurt Macri's re-election prospects in next year's presidential race. "I stressed my support for Argentina's policy efforts and our readiness to assist the government in developing its rev...

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Shares reach two-week high after Nafta deal; autos rally

Shares reach two-week high after Nafta deal; autos rally

The UK's FTSE-100 was 0.5pc higher. The United States and Mexico agreed on Monday to overhaul the NAFTA trade association, while investors waited to see if Canada would accept a revised deal. Atlant...

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Appeal Court quashes approval of Trans Mountain pipeline expansion

Appeal Court quashes approval of Trans Mountain pipeline expansion

The court combined into one case almost two dozen lawsuits filed by First Nations, environmental groups and the cities of Vancouver and Burnaby calling for the energy board's review to be overturned. ...

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Judge rules in favour of Tesla in rebate program dispute

Judge rules in favour of Tesla in rebate program dispute

Myers wrote in his decision: "If the government wants to transition out of the electric auto subsidy program, the [minister of transportation] must exercise his operational discretion in a lawful mann...

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Speeding Tesla launch into the air

Speeding Tesla launch into the air

This is the startling moment a Tesla vehicle loses control and becomes airborne before crashing into an elementary public school in Ontario, Canada . Teslas are relatively heavy cars thanks to the el...

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Berkshire Hathaway plans Rs 2,500-cr stake buy in Paytm

Berkshire Hathaway plans Rs 2,500-cr stake buy in Paytm

Using historical price data for Berkshire Hathaway class A shares from a retrospective analysis of Buffett's outsize returns and Yahoo Finance , we calculated how much $1,000 of Berkshire stock wou...

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Argentina asks International Monetary Fund to release $50-billion loan early amid economic crisis

IMF chief Christine Lagarde says she has instructed staff to work with the Argentine authorities to strengthen the Fund-supported arrangement.and to reexamine the phasing of the financial program. The...

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Venezuela Orders Banks to Adopt Cryptocurrency

Venezuela Orders Banks to Adopt Cryptocurrency

In addition to ensuring the security of Brazilians, the soldiers' role is also to look after the Venezuelan migrants' safety, the president stated. Health officials in Peru are anxious about the s...

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Dyson on track to build electric cars

Dyson on track to build electric cars

The company, which is best known for its vacuum cleaners and hand driers, will invest a total of £200 million ($260 million) in its new technology center at Hullavington Airfield in Wiltshire, western...

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Panasonic to move European HQ from UK to Amsterdam

Abadie says Britain's plans to lower corporate tax to retain worldwide companies within its borders could earn it a tax haven designation and this would make the companies liable for a vast tax bill a...

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Iran, Russia, Turkey to hold Syria summit next week

Iran, Russia, Turkey to hold Syria summit next week

The Turkish lira weakened 3 percent against the dollar on Monday after a week-long holiday, hit by persisting concern about a diplomatic rift with Washington over a detained USA pastor. "The exchange ...

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Children to be banned from buying energy drinks under government plans

Children to be banned from buying energy drinks under government plans

Shops which sell the drinks to people under the legal age - expected to be either 16 or 18 - would face fines of up to $4,400. Prime Minister Theresa May wants to prevent retailers from selling popu...

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Buck-a-beer comes into effect in Ontario

Buck-a-beer comes into effect in Ontario

With respect to the implementation of Buck-a-Beer, it is good news for Ontarians that the Premier has reduced the floor price of beer to allow brewers to sell at lower retail prices. But the costs of ...

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Westpac hikes interest rates after recording a $4.2bn half year profit

Westpac hikes interest rates after recording a $4.2bn half year profit

Westpac shares extended gains after the announcement, to be up 3 per cent at 3.56pm Sydney time. The Australian has predicted that other major lenders including Commonwealth Bank, National Austral...

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Ayatollah Khamenei: Iran ready to abandon nuclear deal

Ayatollah Khamenei: Iran ready to abandon nuclear deal

Iran's supreme leader warned the country might abandon its nuclear deal with world powers, casting doubt on the ability of European states to save the accord following the USA withdrawal. After bein...

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Facing protests, Russia's Putin offers pension concessions

Facing protests, Russia's Putin offers pension concessions

Without increasing the retirement age, Mr. Putin said Russia's pension system "would crack and eventually collapse". The changes are supposed to be raised by one year every year over the course of t...

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Nigeria’s GDP shrinks from 1.95% to 1.5% in 2018 - NBS reveals

Nigeria’s GDP shrinks from 1.95% to 1.5% in 2018 - NBS reveals

The non-oil sector performance was however constrained by agriculture that grew by 1.3% compared to 3.00% in q1 2018 and 3.01% in q2 2017. Meanwhile, the Minster said the FG is encouraged by the con...

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Amazon Go Expands With Opening of Second Store

Amazon Go Expands With Opening of Second Store

Way back in July this year, Neowin reported that Amazon would be opening up the second of its Amazon Go checkout-free stores at the Madison Center building in Seattle on 5th Avenue. After months o...

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Facebook rolls out Watch video service internationally

Facebook rolls out Watch video service internationally

Since launch, the company has attempted to make the experience social, making content easier to share with friends and creating shows with audience participation in mind. And that's not easy on a plat...

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Germany's Ifo Business Confidence Improves In August

Germany's Ifo Business Confidence Improves In August

This happened after a preliminary agreement between Donald Trump and Jean-Claude Juncker, which led to weakening concerns about the escalating global trade war, or at least in its part, affecting Eu...

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