Economy

Inflation rate hits 13.22% - highest jump since Oct 2016

Inflation rate hits 13.22% - highest jump since Oct 2016

The Reserve Bank of India intends to keep inflation around 4%, a rate that was breached in December when it accelerated to 7.35%. " On a month-on-month basis, the Headline index increased by 1.34 pe...

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Boris Johnson squirms as Ed Miliband grills him on Brexit bill

Boris Johnson squirms as Ed Miliband grills him on Brexit bill

Conservative MPs Sir Charles Walker, Imran Ahmad Khan and Andrew Mitchell joined Javid in opposing the measure, while the SNP's Westminster leader Ian Blackford urged other Tories to vote against the ...

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WTO finds U.S. tariffs on China breach trading rules

WTO finds U.S. tariffs on China breach trading rules

Trump has repeatedly criticized the WTO, which oversees worldwide disputes on trade, for allegedly treating the US unfairly. The Trump administration has claimed the USA tariffs were necessary to co...

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Suga launches new LDP leadership

Suga launches new LDP leadership

The expected victory in the party vote by Suga, now the chief Cabinet secretary of Abe's government, all but guarantees his election in a parliamentary vote Wednesday because of the majority held ...

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Gold gains as dollar softens ahead of Fed meeting

Gold gains as dollar softens ahead of Fed meeting

In the worldwide market, spot gold (Comex) rose to as high as $1,968.80 per ounce on Tuesday, its highest intraday level recorded since September 2, as a softer dollar and expectations the Federal Res...

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Virus restrictions threaten Asia economic recovery in 2021: ADB

Virus restrictions threaten Asia economic recovery in 2021: ADB

The Asian Development Bank has said that India's economy will contract by 9% in the 2020-'21 financial year, PTI reported. In its latest update to Asian Development Outlook, ADB said the outbrea...

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Hyundai's launches world premiere of 2021 Tucson in Los Angeles; Check features

Hyundai's launches world premiere of 2021 Tucson in Los Angeles; Check features

But crucially, it's not available as a stand-alone option, only paired with either a hybrid or Hyundai's new plug-in hybrid powertrain. Expect more about the timing of the Tucson hybrid and plug...

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OPEC further cuts world oil demand forecasts

OPEC further cuts world oil demand forecasts

Brent crude LCOc1 settled down 22 cents, or 0.6%, at $39.61 a barrel while U.S. West Texas Intermediate (WTI) crude futures CLc1 were down 7 cents, or 0.2%, at $37.26 a barrel. For 2021, OPEC said it...

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COVID-19: Luxury house Louis Vuitton to launch $1k face shield

COVID-19: Luxury house Louis Vuitton to launch $1k face shield

In early April, Louis Vuitton repurposed its French factories to make non-surgical masks. The coronavirus-fighting couture made to curb the exposure to potential contaminants is constructed with h...

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US puts block on Chinese products from Uighur 'forced labor'

US puts block on Chinese products from Uighur 'forced labor'

The items include cotton, garments, hair products and electronics from five specific manufacturers in Xinjiang as well as adjacent Anhui. Ltd. and Baoding LYSZD Trade and Business Co. Enforcement ha...

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COVID-19 vaccine trials resumed by Oxford University and AstraZeneca

COVID-19 vaccine trials resumed by Oxford University and AstraZeneca

New platforms are providing the life sciences industry with an opportunity to improve the efficiency of clinical trials and reduce costs while remaining compliant and reducing risk. "As our own vaccin...

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Dow rises over 350 points on merger deals, Covid-19 vaccine hopes

Dow rises over 350 points on merger deals, Covid-19 vaccine hopes

US stock index futures rose late Sunday, as a series of deals raised hopes that battered stocks would recover after the tech-heavy Nasdaq ended its worst week since March. "Markets are becoming increa...

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United Kingdom agrees trade deal with Japan as row with European Union intensifies

United Kingdom agrees trade deal with Japan as row with European Union intensifies

The deal comes at a time when the UK's trade talks with the European Union hang in the balance following the proposed Internal Markets Bill, which threatens to go against worldwide law. The diplomatic...

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AstraZeneca-Oxford Resumes Vaccine Trial After A Pause

AstraZeneca-Oxford Resumes Vaccine Trial After A Pause

The Pune-based firm had failed to inform the regulator about the adverse event reported in the global trial, and had said on September 10, it was continuing with trials since it had faced no issues. T...

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The SEC Charged Rapper TI w/ SECURITIES FRAUD: He SNITCHED On Himself!

The SEC Charged Rapper TI w/ SECURITIES FRAUD: He SNITCHED On Himself!

As a result of the ruling, Tip is barred from participating "directly or indirectly, in any offer or sale of any digital asset security for a period of five years". Furthermore, the Atlanta rapper fal...

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Oracle Reportedly Wins Bid to Control TikTok in U.S., Microsoft Out

Oracle Reportedly Wins Bid to Control TikTok in U.S., Microsoft Out

ByteDance backtracked on selling TikTok US operations to Microsoft, the latter revealed in a blog post on Sunday. Numerous U.S. -based technology companies have queued up to express interest in ...

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Nikola : mulls legal action against short-seller Hindenburg

Nikola : mulls legal action against short-seller Hindenburg

Nikola said that it retained an outside counsel, Kirkland & Ellis, for possible legal recourse and that it would work with the Securities and Exchange Commission to rebut the report. "Congrats to Hind...

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Oil: Rising European COVID-19 cases to weigh on demand

Oil: Rising European COVID-19 cases to weigh on demand

Oil prices extended declines on Friday, under pressure from a surprise rise in US stockpiles and ongoing weak demand from the coronavirus pandemic . Fears about an oversupply also added to the gener...

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'Shocking': Blair, Major chide United Kingdom plan to breach global law

'Shocking': Blair, Major chide United Kingdom plan to breach global law

The zoom conference came amid reports that some senior Tories, angry with the government's mulled plans to rewrite the original Brexit deal, which they perceive as a breach of worldwide law, were mo...

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Auto buyers, gas push United States inflation upwards in August

Auto buyers, gas push United States inflation upwards in August

The gain in consumer prices reflects the steady advance in demand for goods and services since the pandemic-induced lockdowns earlier this year, suggesting inflation is gradually returning to the pr...

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United Kingdom recovery continues, economy grows by 6.6% in July

United Kingdom recovery continues, economy grows by 6.6% in July

The UK economy grew for the third successive month during July - but remains well below the levels it hit before the coronavirus pandemic. In the rolling three months to the end of July, UK GDP fe...

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United Kingdom seals first post-Brexit trade deal with Japan

United Kingdom seals first post-Brexit trade deal with Japan

The UK says that domestic manufacturers, financial services firms, food and drink producers, as well as tech companies will benefit from the tariff-free access to the Japanese market. Britain had dema...

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Heads roll at Rio Tinto over the Juukan Gorge destruction

Heads roll at Rio Tinto over the Juukan Gorge destruction

The caves had important archaeological values and deep cultural significance to the natives. During that time, he has led the best safety performance in Rio Tinto's history, simplified the portf...

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Tesla's Giga Berlin - 40,000 Workers in 3 Shifts? | IE

Tesla's Giga Berlin - 40,000 Workers in 3 Shifts? | IE

Tesla's forthcoming factory needs to be efficiently and environmentally integrated into the existing infrastructure of Grünheide. Older Tesla models would get relevant software upgrades. Now, re...

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The Maserati MC20 Supercar Arrives With In-House Powertrain

The Maserati MC20 Supercar Arrives With In-House Powertrain

Quick flashback. In 2004, Maserati unveiled the MC12 which stands for Maserati Corse 12 - "corse" is Italian for racing, and the 12 for the V12 engine. Inside the cockpit, the carmaker put the per...

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Zomato plans IPO in 2021, raises $100 million from Tiger Global

Zomato plans IPO in 2021, raises $100 million from Tiger Global

As part of its fundraising round, Zomato has raised $160 million (about Rs 1,173 crore) in funding from Tiger Global and Temasek Holdings subsidiary MacRitchie Investments, valuing the online fo...

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Job seekers fill up Amazon's 20,000 free career coaching sessions within hours

Job seekers fill up Amazon's 20,000 free career coaching sessions within hours

In tandem, while a number of USA retailers had been seeking bankruptcy protections following the forced closure measures adopted in a bid to contain the outbreak, Amazon has been one of the few Americ...

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European Union lawmakers to block trade deal with UK

European Union lawmakers to block trade deal with UK

Meanwhile, the European Parliament has threatened to scupper any UK-EU trade deal if the bill becomes UK law. Conservative MP Tobias Ellwood, who chairs the Commons defence committee, said on Satu...

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Brexit: Michael Gove warns European Union not to 'threaten integrity of UK'

Reuters reported that although the bill has been unpopular in the House of Lords, including among conservative members, it is unlikely that it will be entirely blocked, in part because that isn't th...

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LVMH to sue Tiffany for 'mismanagement' of COVID-19

LVMH to sue Tiffany for 'mismanagement' of COVID-19

In a brief statement Thursday, LVMH said it was surprised by the legal action, which it deems "totally unfounded". Earlier this week, Tiffany sued LVMH after the French company said it c...

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Jane Fraser to become Citi CEO; 1st woman to lead major bank

Jane Fraser to become Citi CEO; 1st woman to lead major bank

The bank eventually settled on former JPMorgan executive Charles Scharf. The 53-year-old Fraser has degrees from Cambridge and Harvard, and prior to becoming president, she had senior roles with the...

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Pizza Hut, with restaurants in Suffolk, announces closing 29 sites

Pizza Hut, with restaurants in Suffolk, announces closing 29 sites

NPC International, one of the largest franchisees of Pizza Hut chains, filed for Chapter 11 bankruptcy citing coronavirus-related shutdowns, a massive debt burden of almost $1 billion and rising labor...

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McLaren to put its £200m factory up for sale

McLaren to put its £200m factory up for sale

I'm not going to wax too poetic about a building, but for something that's so iconic to the brand, and designed so specifically for McLaren, for the automaker to lose literal ownership over it is a sa...

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Elon Musk struggles with son X Æ A-12’s name during interview

He then chuckled and replied, "Oh, you mean my kid". Visibly confused, the businessman asked "Sorry?" Later that month Grimes announced the baby's name was changed to "X Æ A-Xii" as it was reporte...

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European Union boosts 'no-deal' Brexit planning as United Kingdom refuses to give way

European Union boosts 'no-deal' Brexit planning as United Kingdom refuses to give way

The official said the statement would be published later on Friday in the name of the parliament's Brexit group and the heads of the parliamentary political factions. Leaders of the bloc vowed to stan...

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