Economy

RBI urges Supreme Court to lift bar on NPA tagging

RBI urges Supreme Court to lift bar on NPA tagging

The Union of India vide its affidavit dated October 2, 2020, has submitted before the court the decision of the government to bear the cost of the interest on interest' for MSME loans and personal l...

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Yelp adds alert to notify racist behavior on business reviews

Yelp adds alert to notify racist behavior on business reviews

The company said it placed more than 450 of the public attentionalerts on business pages either accused of or the target of racist behavior from the end of May to September. While Yelp claims th...

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French court upholds order for Google to pay news companies

French court upholds order for Google to pay news companies

PARIS (AP) - A French appeals court upheld an order for Google to open negotiations with French publishers over payments to use their news content. France was the first European country to ratify...

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LSE agrees to sell Borsa Italiana to Euronext for $5 bn

LSE agrees to sell Borsa Italiana to Euronext for $5 bn

Its share price was down 3% and LSE's up 0.4%. The Milan-based bourse, which is Italy's only exchange, earned €464 million revenue previous year and Euronext hopes it will "play a key role in the ...

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Morgan Stanley acquires Eaton Vance in a $7bn deal

Morgan Stanley acquires Eaton Vance in a $7bn deal

Eaton Vance shareholders will receive a total cash-and-stock consideration of about $56.50 a share, Morgan Stanley said in a statement Thursday. That figure will widen Morgan Stanley's lead ove...

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Acura MDX teaser photos show an upscale interior

Acura MDX teaser photos show an upscale interior

Acura promises the MDX will be the "most premium and performance-focused" version of the SUV yet and has earned "elevated status" as the brand's flagship. In the teaser video (below) Acura is surpr...

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Gold prices jump sharply, silver surges ₹2,500 in a day

Gold prices jump sharply, silver surges ₹2,500 in a day

The yuan last stood at 6.7355 in offshore trade. Gold and silver prices in the commodity market have been hitting new highs recently as traders shunned risk and sought safe havens during coronavi...

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BA's Queen Of The Skies to make final flights from Heathrow

BA's Queen Of The Skies to make final flights from Heathrow

The airline brought forward the retirement of its fleet of 747-400 aircraft because of the impact of Covid-19 on the aviation sector. In order to especially perpetuate the final farewell, BA planned...

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Ram 700 debuts on official terms

Ram 700 debuts on official terms

The completely redesigned pickup is based on the Fiat Strada , which made its official debut earlier this year in Brazil and Argentina where the brand enjoys high popularity. In terms of capability, ...

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Bitcoin fears push central banks towards digital currencies

Bitcoin fears push central banks towards digital currencies

Sir John Cunliffe , Deputy Governor and Deputy Chair of the Working Group, said that the report is a real step forward for this group of central banks to agree on general principles and identify the...

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Tesla Model Y To Get 410-Mile Range Rating?

Tesla Model Y To Get 410-Mile Range Rating?

Tesla , the pioneer of the electric motor automobile industry, recently announced its new batteries "4680" that will give life to its vehicles. The single casted front and rear is expected to increa...

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Netflix is Raising Subscription Rates in Canada

Netflix is Raising Subscription Rates in Canada

Only Standard and Premium streaming plans are impacted by this year's price hike, as Standard plans now cost $14.99 per month (previously $13.99), while Premium plans now cost $18.99 per month (pr...

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Trump says he now wants a bigger stimulus than Democrats offering

Trump says he now wants a bigger stimulus than Democrats offering

The comment is an about-face from what the president tweeted earlier this week that he was telling his representatives to stop negotiating a stimulus package for before the election. Pelosi has also...

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Microsoft to let employees work from home permanently

Microsoft to let employees work from home permanently

Employees who opt to WFH permanently will give up their assigned office space, but can still use "touchdown space" at Microsoft offices. According to the Verge , which that cited an internal memo...

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Free Trial and Announces Season 2 of Dickinson

Free Trial and Announces Season 2 of Dickinson

The company said Thursday that for Apple TV Plus customers whose free 12-month free subscription is scheduled expire between November 1, 2020, and January 31, 2021, they will continue have free ac...

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Jobless rate offers further evidence economy is recovering

Jobless rate offers further evidence economy is recovering

Alberta's jobless rate in September 2019 was 6.6 per cent. While manufacturing employment has nearly completely recovered since the start of the pandemic, and is actually higher than pre-pandemic le...

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Extreme poverty set for first rise since 1998, World Bank warns

Extreme poverty set for first rise since 1998, World Bank warns

The report stated that "four out of five people living below the global poverty level reside in rural areas, even though the rural population does not constitute 48%" of the total population. The pros...

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Hyundai Motor Delivers First XCIENT Fuel Cell Trucks to Switzerland

Hyundai Motor Delivers First XCIENT Fuel Cell Trucks to Switzerland

The company is also developing commercial vehicles for the North American and China markets . Hyundai Motor Group, South Korea's top-selling auto producer, said Thursday that it aims to export 64,0...

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U.S. jobless claims likely remain high as layoffs persist

U.S. jobless claims likely remain high as layoffs persist

Economists polled by MarketWatch had forecast new claims to fall to 820,000. About 2,150 people filed initial claims for federal and state unemployment benefits in the second week of October, the Ma...

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Iran foreign minister on China visit following USA sanctions

Iran foreign minister on China visit following USA sanctions

The Treasury Department did not list specific accusations against most of the banks, instead declaring broadly that the entire Iranian financial sector may be used to support the government's conteste...

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India's GDP likely to contract 9.5% in FY'21, says RBI

India's GDP likely to contract 9.5% in FY'21, says RBI

It will also ensure inflation remains within the target going forward, the RBI chief said, stating that the current stance of policy will continue for at least the current financial year and into th...

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US Lawmakers to Introduce Legislation on Commission to Evaluate President’s Mental Capacity

US Lawmakers to Introduce Legislation on Commission to Evaluate President’s Mental Capacity

Normally, the splintering could provide grounds for a robust package, but with other Republicans refusing to spending more money, it appears no relief will be coming with Americans already beginning...

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Wealth of billionaires rises to $10.2 trillion amid coronavirus crisis

Wealth of billionaires rises to $10.2 trillion amid coronavirus crisis

This was reflected in the wealth of billionaires, as their total decreased by 6.6 percent in a matter of weeks, between February and March, according to the study, but it soon rebounded and jumped by ...

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US Fed chief warns of recessionary dynamics as relief talks drag on

US Fed chief warns of recessionary dynamics as relief talks drag on

While the unemployment rate has fallen from almost 15% in April to just under 8% now, Powell explained that a "broader measure that better captures current labor market conditions-by adjusting for...

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Okonjo-Iweala Sail Through The Final Round — WTO DG

Okonjo-Iweala Sail Through The Final Round — WTO DG

The race to select the person who will lead WTO comes as a time the organization is facing significant challenges, one of which is the trade war between China and the U.S. Should the two women be an...

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Bank of Korea aims to launch CBDC testnet by next year

Bank of Korea aims to launch CBDC testnet by next year

Distribution is the third and final phase of the program and would seem to be on schedule with the roadmap presented at the scheme's launch. Phase 2, which focuses on analyzing related processes and...

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Donald Trump halts coronavirus stimulus talks until after election

Donald Trump halts coronavirus stimulus talks until after election

It called on political leaders "to resolve any procedural issues and proceed as quickly as possible" to preserve the program. Last week, almost 40,000 airline workers were informed they would be laid ...

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Oil prices rebound 2% as Trump doctors raise prospect of hospital discharge

Oil prices rebound 2% as Trump doctors raise prospect of hospital discharge

Globally, West Texas Intermediate crude oil was trading 0.87 per cent up at United States dollars 39.56 per barrel, while Brent crude was quoting 0.92 per cent up at USD 41.67 per barrel in NY. Mean...

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Regeneron gets the 'ultimate validation' after Trump's treatment

Regeneron gets the 'ultimate validation' after Trump's treatment

Remadecivir is an anti-virus medicine that stops the growth of the virus. But the treatment has not yet received emergency use authorisation from the Food and Drug Administration. It was "unclea...

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Antivirus tycoon John McAfee arrested in Spain for tax evasion

Antivirus tycoon John McAfee arrested in Spain for tax evasion

The charges also claim that McAfee hid assets including real estate property, a vehicle and a yacht from the revenue authority. The founder of McAfee Associates Inc. According to the 55-page complai...

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Paytm launches Android Mini App Store

Paytm launches Android Mini App Store

As of now, the Mini App Store only has a few apps listed, although Paytm plans to list 300 services in the coming days. This development led Indian app developers and entrepreneurs to demand a nat...

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Subaru BRZ teased, big reveal due later this year - LEAKED!

Subaru BRZ teased, big reveal due later this year - LEAKED!

Much like its predecessor, the new sporty Subaru will share a platform with a near-identical auto from Toyota - most likely called the GR 86 this time around. Like its predecessor, it will be mech...

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Rare flawless diamond fetches US$15.7m in Hong Kong auction

Rare flawless diamond fetches US$15.7m in Hong Kong auction

Less than one per cent of all naturally occurring diamonds in the world achieve the stone's lack of impurities and colour - and there are only seven that are as big as it is that have ever come up for...

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Pelosi's reaction to Trump's diagnosis is turning heads

Pelosi's reaction to Trump's diagnosis is turning heads

Job gains slowed in September and many Americans quit looking for work, suggesting the economic recovery is down-shifting. The US Department of Labor revealed on Thursday that new applications for...

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Global Market Falls After Donald Trump Tests COVID-19 Positive

Global Market Falls After Donald Trump Tests COVID-19 Positive

The 74-year-old has remained in good health during his time in office, but is not known to exercise regularly or to follow a healthy diet. The president and his wife join the more than 7.2 milli...

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