Economy

Govt hikes petrol price by Rs6 a litre

Govt hikes petrol price by Rs6 a litre

This increased the contribution on the Basic Fuel Price of petrol, diesel, and illuminating paraffin by between 28c/l and 30c/l, the department said. A statement on QP website showed that premium gr...

by · Economy
United States personal incomes grow more slowly than expected in February

United States personal incomes grow more slowly than expected in February

Gross domestic product forecasts for the first quarter are as low as a 0.9 percent annualized rate. In the 12 month through January, the PCE price index rose 1.4 percent, the smallest rise since Sep...

by · Economy
Huawei achieves record-high revenue despite tensions with U.S.

Huawei achieves record-high revenue despite tensions with U.S.

Last year, the company's sales rose by 19.5 percent compared to 2017, to around $106 billion. Its total revenue rose almost 20 percent to about 721 billion yuan, marking the fastest pace of growth...

by · Economy
Innisfil to accept Bitcoins for property tax payments

Innisfil to accept Bitcoins for property tax payments

The program was approved through voting the Innisfil Council on March 27. Assembly Bill 953 would allow the state, city and county tax offices to accept cryptocurrency pegged to a physical asset...

by · Economy
Cronos Group (CRON) Given New C$25.00 Price Target at Cormark

Cronos Group (CRON) Given New C$25.00 Price Target at Cormark

The price target set for the stock is $. Shares of TSE CRON opened at C$24.55 on Wednesday. Investors often pay increased attention to a stock when it is nearing either mark. The demerits come aft...

by · Economy
Facebook CEO calls for updated internet regulations

Facebook CEO calls for updated internet regulations

Zuckerberg also called for updated legislation focused on protecting elections, including new rules aimed at online political advertising that "reflect the reality of the threats" faced by social medi...

by · Economy
Latest Pharmacy News: Report suggests early Easter egg sales fuelling obesity

Latest Pharmacy News: Report suggests early Easter egg sales fuelling obesity

Obesity rate among United Kingdom adults is the highest in Western Europe with one in four adults believed to be obese. More than three-quarters of the public think supermarkets are selling Easter ...

by · Economy
Facts point to legal violations by ousted Ghosn — Nissan panel

Facts point to legal violations by ousted Ghosn — Nissan panel

The group issued 38 recommendations to bolster Nissan's governance, including the barring of people serving in executive positions at Renault or junior partner Mitsubishi Motors Corp from top exec...

by · Economy
Wells Fargo CEO Tim Sloan to step down 'immediately'

Wells Fargo CEO Tim Sloan to step down 'immediately'

Sloan has had to contend with hostile lawmakers who felt he was not doing almost enough to fix the deep-rooted malaise at the 166-year old bank. "That is the person we want". "Why should Wells Fargo c...

by · Economy
BlackBerry beats profit and revenue expectations on software and services gains

BlackBerry beats profit and revenue expectations on software and services gains

Revenue rose 9 percent to $255 million. BlackBerry Ltd beat estimates for quarterly profit and forecast fiscal 2020 revenue above analysts' expectations on Friday as its focus on fast-growing market...

by · Economy
Megabus Offers Free U.S. Trips for Stranded Wow Air Passengers

Megabus Offers Free U.S. Trips for Stranded Wow Air Passengers

His travel costs doubled after re-booking with another airline. 6% of annual policies and 7% of single-trip policies offer this cover as an optional add-on. Any customers who booked flights with Wow ...

by · Economy
Wuabit's Cryptocurrency Wallet for Whatsapp

Wuabit's Cryptocurrency Wallet for Whatsapp

A publication by The Express , a local news outlet in Britain states that the beta version of the wallet service shall be available for the public from April. The hope is that more people will be w...

by · Economy
Chrysler cutting 1500 jobs

Chrysler cutting 1500 jobs

The Italian-American automaker plans to eliminate the third shift at its assembly plant in Windsor, Ontario, beginning September 30, according to an emailed statement. The automotive company says the ...

by · Economy
Saudi Arabia 'hacked Amazon boss's phone', says investigator

Saudi Arabia 'hacked Amazon boss's phone', says investigator

In an extensive piece published by the Daily Beast on Saturday, Gavin De Becker , a security expert who led the inquiry, wrote that his findings about the Saudi's hand in the blackmailing scandal d...

by · Economy
US, China set to resume 'candid' trade talks in Washington

US, China set to resume 'candid' trade talks in Washington

U.S. Treasury Secretary Steven Mnuchin specified in a tweet on Friday that he and U.S. Trade Representative Robert Lighthizer had concluded "constructive" trade talks in Beijing . Lobbyists, co...

by · Economy
Jeep Gladiator Launch Edition Adds Special Touches, Costs $60k

Jeep Gladiator Launch Edition Adds Special Touches, Costs $60k

A total 4,190 will be built, the number a reference to the 419 area code of the Gladiator's plant in Toledo, Ohio. 4,190 Launch Edition trucks will be made. Standard features include LED head and ta...

by · Economy
AstraZeneca to raise $3.5bn for global partnership

AstraZeneca to raise $3.5bn for global partnership

Separately, AstraZeneca said it would pay for the upfront payment and near-term milestones to Daiichi Sankyo from the proceeds of a new $3.5 billion equity placement, more than half of which AstraZene...

by · Economy
Texas AG investigating Chick-fil-A's exclusion at airport

Texas AG investigating Chick-fil-A's exclusion at airport

In a letter to Chao, Paxton said the city's action could violate the free exercise clause of the First Amendment. The city has banned the chicken chain from setting up shop in the airport due to th...

by · Economy
Roundup Weedkiller Trial Phase 2

Roundup Weedkiller Trial Phase 2

Monsanto will pay the Sonoma County resident $ 75 million in punitive damages and an additional $5.2 million in compensatory damages. The plaintiffs in the other cases have also allegedly gotten non-...

by · Economy
United Kingdom minister sees Conservative support for Brexit customs union plan - ITV reporter

United Kingdom minister sees Conservative support for Brexit customs union plan - ITV reporter

But government sources have not ruled out a run-off between whichever proves most popular and the PM's Brexit plan. "The House has been clear, this deal now has to change", he said. She made the off...

by · Economy
Miners seize on nugget from trade talks

Miners seize on nugget from trade talks

Mnuchin said in a tweet Friday that he looked forward to continuing the talks in Washington next week. China and the United States are expected to hold discussions aimed at the trade deal next...

by · Economy
Heathrow reveals 18-strong shortlist of construction sites for third runway expansion

Heathrow reveals 18-strong shortlist of construction sites for third runway expansion

According to Heathrow, these sites are key to kickstarting the nationwide benefits that the airport expansion will bring - creating jobs and economic opportunities across the United Kingdom, before th...

by · Economy
Investor Alecta says does not rule out Swedbank get new board soon

Investor Alecta says does not rule out Swedbank get new board soon

Regulators in Sweden, Estonia, Latvia and Lithuania began investigating Swedbank after SVT in February reported allegations that 50 clients transferred at least 40 billion crowns ($4.3 billion) betw...

by · Economy

Eurostar trains suspended due to trespasser draped in St George's flag

Power to the overhead lines was switched off, so trains could not enter or leave St Pancras. The Eurostar press service warns that even after the restoration of traffic, long delays in the movemen...

by · Economy
Lyft Prices Shares At $72, Gets Valued At $24 Billion Before IPO

Lyft Prices Shares At $72, Gets Valued At $24 Billion Before IPO

Lyft's IPO sets the stage for the stock market debut of larger rival Uber Technologies, which sources have said is coming in April. Uber has been told by its investment bankers that it could be valu...

by · Economy
United States economic growth in Q4 revised down to 2.2 pct

United States economic growth in Q4 revised down to 2.2 pct

For all of 2018, real US GDP expanded at a pace of 2.9%, versus 2.2% in 2017, yet the price index for gross domestic purchases accelerated only slightly, from 1.9% to 2.2%. "I think you can go to 5 pe...

by · Economy
Google finally pulls ‘conversion therapy’ app from its store

Google finally pulls ‘conversion therapy’ app from its store

In a statement to the Daily Dot, HRC President Chad Griffin said, "We applaud Google for making the right decision to pull this app from their online store". They took no action. The tech giant, whi...

by · Economy
ECB may need to soften impact of negative rates

ECB may need to soften impact of negative rates

Jan von Gerich, rates strategist at Nordea, pointed out that Draghi on Wednesday said the gauge illustrates a fall in the inflation risk premia, rather than the expectation that inflation will actuall...

by · Economy
The next-gen Smart will be built and engineered by China's Geely

The next-gen Smart will be built and engineered by China's Geely

Chinese auto firm Geely has taken a 50% stake in Smart from Mercedes-Benz parent Daimler, the two companies have confirmed. Mercedes' design team has been tasked with penning the future Smarts while G...

by · Economy
Renault eyes Fiat Chrysler bid after Nissan merger

Renault eyes Fiat Chrysler bid after Nissan merger

Currently, three outside directors are among the nine-member board. Ghosn, who this month was released on $9 million bail after spending more than 100 days in a Tokyo detention center, has called ...

by · Economy
China Unicom [Hong Kong] Ltd (CHU) Hover Above Parabolic SAR

China Unicom [Hong Kong] Ltd (CHU) Hover Above Parabolic SAR

Tracking shares , we note that the consensus stock rating is Buy. About 2.78 billion Hang Seng index shares were traded , roughly 140.8 percent of the market's 30-day moving average of 1.97 bi...

by · Economy
Sports Direct fleshes out possible Debenhams offer

Sports Direct fleshes out possible Debenhams offer

Shares in Debenhams were up nearly 50% at 3.3p on Wednesday afternoon. Debenhams has previously expressed concerns over a possible takeover by Sports Direct as the FTSE 250-listed firm owns on...

by · Economy
Ahead of vote, Turkey's Erdogan says USA attacking economy

Ahead of vote, Turkey's Erdogan says USA attacking economy

Washington is exploring whether it can remove Turkey from production of the stealth fighter jet, angered by Ankara's refusal to back down from its planned purchase of a Russian-made defense missile sy...

by · Economy

Premier Doug Ford Stands with Fiat Chrysler Workers

The company said it would offer retirement packages to eligible employees and attempt to place indefinitely laid off hourly employees in open full-time positions. FCA announced in late February that i...

by · Economy
Philly Fed's Harker sees one rate hike this year 'at most'

Philly Fed's Harker sees one rate hike this year 'at most'

Treasury bonds], which is consistent with our long-standing plans to hold primarily Treasuries in our portfolio". The Fed, in a statement at the end of its day policy meeting, stated expansion of econ...

by · Economy