Economy

GDP Growth Moderates To 6.6% Pulling Down Economic Expansion In FY19

GDP Growth Moderates To 6.6% Pulling Down Economic Expansion In FY19

The growth in GDP during 2018-19 is estimated at 7 per cent as compared to the growth rate of 7.2 per cent in 2017- 18, the Ministry of Statistics said. "Based on the revised first three quarters and ...

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Martha Stewart partners with Canopy Growth to develop CBD products

Martha Stewart partners with Canopy Growth to develop CBD products

Sequential Brands Group, a consumer brands company that works with Stewart will also play a role in the partnership, Canopy Growth said in a press release . The 2018 U.S. Farm Bill, passed in Decembe...

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Victoria's Secret closing 53 stores after poor holiday sales

Victoria's Secret closing 53 stores after poor holiday sales

Slumping "in store" sales is causing the parent company to take quick action by closing 53 North American Victoria Secret stores. It has been under increased competition in recent years from such newe...

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Tesla shutting stores to deliver a US$35k Model 3

Tesla shutting stores to deliver a US$35k Model 3

Although he said he didn't know for certain, Musk predicted there's enough pent-up demand to sell about 500,000 Model 3s annually at the starting price of $35,000. Previously, the lowest price for a M...

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Huawei pleads not guilty to stealing U.S. trade secrets

Huawei pleads not guilty to stealing U.S. trade secrets

The U.S. has been urging allies to ban Huawei as charges of espionage activities , trade secret theft and other allegations surface. Huawei could face fines of more than $5 million Dollars (roughly $...

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Gap to separate Old Navy, close stores; shares jump

Gap to separate Old Navy, close stores; shares jump

The company's shares were up 17.7 percent at $29.89 in extended trading. Old Navy's momentum was evident in the breakdown of the separation, with the new, still unnamed company bringing in about $9 bi...

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Donald Trump delays China tariffs hike amid 'productive talks'

Donald Trump delays China tariffs hike amid 'productive talks'

The conflict has threatened to disrupt global trade and drag on weakening economic growth. He surely recognizes this, despite his aggressive position towards China past year. The world's two biggest e...

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Where Home Depot Earnings, Guidance Went Soft

Where Home Depot Earnings, Guidance Went Soft

In the fourth quarter, Home Depot Inc . fell short on profit, revenue and same-stores sales as rising real estate prices cast a chill over USA home sales. Diluted earnings per share increased 37.5% t...

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Fed's Powell: US inflation to fall further below target

Fed's Powell: US inflation to fall further below target

The U.S. GDP is now about $20 trillion, suggesting the Fed's balance sheet would be between $3.2 trillion and $3.4 trillion. In it, he says that the Fed intends to take a "patient approach" in deter...

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Trump Regained Leverage Over China by Walking Away from North Korea Deal

U.S. issues with China are "too serious" to be resolved with promises from Beijing to purchase more U.S. goods, and any deal between the two countries must include a way to ensure commitments are met,...

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Venezuela's Juan Guaido in Brazil, Meets EU Officials

Venezuela's Juan Guaido in Brazil, Meets EU Officials

Members of the U.N. Security Council vote to approve a U.S. draft resolution calling for free and fair presidential elections in Venezuela at U.N. headquarters in NY, U.S., February 28, 2019. U.S. Sec...

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United States economic growth continues to slow

United States economic growth continues to slow

The US economy kicked into high gear previous year, in the wake of sweeping tax cuts, but slowed in the final months, suggesting the boom had begun to fade, according to government data released today...

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Chinese Mainland Stocks Build On Yesterday's Gains

Chinese Mainland Stocks Build On Yesterday's Gains

A US$1 trillion rally in Chinese stocks has another equity gauge headed for a bull market. China's stock market has been red hot since it resumed trading on February 11 after the week-long Chinese N...

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Netherlands builds Air France-KLM stake to 'protect' interests

Netherlands builds Air France-KLM stake to 'protect' interests

As the major shareholder in the airline, the French state enjoys voting rights of about 23 percent in Air France-KLM. Diplomatic tensions have erupted between France and the Netherlands after mini...

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Polestar 2 Arrives Ready To Fight Tesla Model 3

Polestar 2 Arrives Ready To Fight Tesla Model 3

Described as a 'premium five-door fastback, ' the 2 has a vaguely Saab-ish profile. That's slower from a standstill but with a range equal to the Tesla's. The car's infotainment systems are powere...

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U.S. Oil Imports at 23-Year-Low, Output Hits Another Record

U.S. Oil Imports at 23-Year-Low, Output Hits Another Record

His comments come just two days after Trump criticised the producer group for rising crude prices. "World can not take a price hike - fragile!" Minister of Energy, Industry and Mineral Resources K...

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Honda shows Geneva-bound E Prototype

Honda shows Geneva-bound E Prototype

Although still a prototype, it looks very much production-ready and is expected to go on sale, largely unchanged, before the end of the year. This means the electric vehicle will have "dynamic driving...

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Labour's Brexit plan is rejected - now it must support a People's Vote

Labour's Brexit plan is rejected - now it must support a People's Vote

TIG leaders hope that some Labour MPs who have been pressing for a second referendum could yet back their amendment. The Department for Exiting the European Union admitted that 200,000 out of 24...

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Oil Prices Rally Despite U.S. High Output

Oil Prices Rally Despite U.S. High Output

But foremost investment bank, Goldman Sachs, said Brent crude oil prices could reach between $70 and $75 a barrel in the near term, with an upside potential of exceeding the $67.50 a barrel forec...

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Marks and Spencer in talks with Ocado over new food delivery service

Marks and Spencer in talks with Ocado over new food delivery service

The Evening Standard reported on Tuesday morning that Ocado and M&S are set to announce plans for a joint venture as soon as Wednesday. Chief executive, Tim Steiner, said earlier this month that ...

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Government Proposes Regulating Cross-Border Data Flow in Draft Policy

Government Proposes Regulating Cross-Border Data Flow in Draft Policy

As per the national policy, all data stored overseas will not be made available to business entities outside India even with the customers' consent and the data will not be shared with a foreign gov...

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Wilson-Raybould asks for ‘clarity’ before speaking to justice committee

Wilson-Raybould asks for ‘clarity’ before speaking to justice committee

A majority of Canadians believe a deeper scandal within the prime minister's office will emerge as more details about its contact with former justice minister Jody Wilson-Raybould on the SNC-Lavalin (...

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FCA announces $4.5B Jeep, Ram factory investment

FCA announces $4.5B Jeep, Ram factory investment

As Jeep plans to electrify models in its SUV lineup, each of the above plants will produce plug-in hybrid versions of the Jeep models produced there, "with flexibility to build fully battery-electri...

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Man bought $540 in cookies so Girl Scouts could escape cold

Man bought $540 in cookies so Girl Scouts could escape cold

Dillard, whose 8-year-old daughter is a member of the troop , was with the girls as they participated in the annual, beloved cookie sale outside a local supermarket. Kayla Dillard , one of the lead...

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Next Porsche Macan Will Be Fully Electric, Coming After 2020

Next Porsche Macan Will Be Fully Electric, Coming After 2020

As of now, the Macan is Porsche's best-selling model by a long shot. It'll also come with 800V tech. Porsche intends to launch the Taycan later in 2019. Specific details are slim as of now, Porsche ...

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Elon Musk fires back at SEC on twitter

Elon Musk fires back at SEC on twitter

The Securities and Exchange Commission sought the order following a February 19 tweet from Musk about auto production numbers that was not approved by a Tesla lawyer. In that interview, Musk reveale...

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Weed killer found in some Beer and Wine

Weed killer found in some Beer and Wine

A new study claims there are traces of weed killer in some beer and wine. Even if the study's findings are completely accurate, the PIRG is quick to note that "the levels of glyphosate we found are ...

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The rumors were true: Ripple to start trading on Coinbase tomorrow

The rumors were true: Ripple to start trading on Coinbase tomorrow

It was announced on Feb 25, 2019 via Coinbase's official blog . Currently, Ripple is battling a class action lawsuit in Northern California's San Mateo Superior Court around XRP's securities cl...

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Volkswagen Reveals 296-HP T-Roc R for Geneva

Volkswagen Reveals 296-HP T-Roc R for Geneva

All that shimmy gets channeled through a seven-speed dual-clutch gearbox and a Haldex all-wheel drive system. It has the same 17-inch braking system as the Golf range-topper, along with lower, stiff...

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SEC says Elon Musk violated settlement agreement

SEC says Elon Musk violated settlement agreement

Tesla did not immediately respond to a request for comment. The watchdog first filed a complaint in August previous year after Musk told his then 22 million followers that he would be taking Tesla ...

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Nokia 4.2, Nokia 3.2 and Nokia 1 Plus launched: All the details

Nokia 4.2, Nokia 3.2 and Nokia 1 Plus launched: All the details

The Nokia 9 PureView constructs a 12-megapixel depth map when shooting, which HMD says is exponentially more precise than the depth maps other smartphone cameras use to deliver bokeh effects. This...

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Billionaire Investor Warren Buffett Not Willing to Increase His Stake in Apple

Billionaire Investor Warren Buffett Not Willing to Increase His Stake in Apple

The media mogul bashed Starbucks CEO Howard Schultz , another billionaire, for potentially running for president in 2020 as an independent, claiming a third-party candidate would only help to get the...

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Check your tickets! Someone won over €10m in Saturday night's Lotto jackpot

Check your tickets! Someone won over €10m in Saturday night's Lotto jackpot

We had our highest ever jackpot prize win with a family syndicate winning an incredible 175 million euro on EuroMillions. The National Lottery has appealed for all punters to check their tickets a...

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BA flight rocked violently by strong crosswinds

BA flight rocked violently by strong crosswinds

Filmed from a witness on the ground, the plane can be seen violently rocking back and forth as the pilot desperately tries to keep it straight. Richard Whalley captured the video in Gibraltar. It ad...

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Trump calls on OPEC to ‘relax,’ says oil prices are too high

Trump calls on OPEC to ‘relax,’ says oil prices are too high

Brent crude oil futures were down $1.43 at $65.69 a barrel at 1403 GMT, having earlier risen to a 2019 high of $67.47. The losses have dented some of the gains made during the most recent rally, in ...

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