Economy 891
TCG BDC: The Case Of The Unattractive High Yield
Sporting a high dividend yield of 12.40%, TCG BDC stock may be on many investors’ watch list.The company regularly pays dividends and repurchases shares every quarter, but funds for these activities a
Households saved Rs 11K per year due to increasing affordability of thalis: Survey
Eco Survey finds that cost of vegetarian thali reduced significantly since 2015-16 though the price rose in 2019.
Dilemma as Mid Devon District Council faces £1.4million budget gap in 2023
"Unless any savings proposals are forthcoming, we will need to look to reserves to close the residual budget gap"
Economic Survey sets the tone for Budget 2020
The Survey's theme is 'Wealth Creation'
Bitfinex Adds Tether Gold Margin Trading with 5x Leverage
Bitfinex, one of the top global crypto exchanges, has added margin trading support for bullion-backed stablecoin Tether Gold (XAU₮).
Key takeaways from Economic Survey 2020
Finance Minister Nirmala Sitharaman on Friday tabled economic survey projecting the country’s economic growth at 6-6.5% for the next fiscal year starting April 1.
Beyond Brexit: What will change after the UK leaves the European Union?
ITV News' experts and special correspondents have been thinking about how the landscape could change in their respective fields post-Brexit. From the difficulties of securing a "deep and meaningful" trade deal to potential staffing shortages in the NHS, life outside the Brussels club will present many challenges.
Govt spend on social services up by 1.5% in six years: Eco Survey
According to the Survey, as a proportion of gross domestic product (GDP), the expenditure on social services has registered an increase of 1.5 percentage points during the period 2014-15 to 2019-20 from 6.2% to 7.7%, it said.
We asked people who voted Leave what their greatest hope for the future was
Friday is Brexit Day, so how are leave supporters feeling?
Glasgow-based Smart Metering Systems to benefit from smart meter deadline extension
Glasgow-based Smart Metering Systems (SMS) said it now expected its work to be “more evenly spread” after the UK government pushed back the deadline for energy suppliers to install smart meters to 2024.
Assemble in India for world can raise export market by 6 per cent by 2030: Economic Survey
India must focus on a group of industries, referred to as “network products”, where production processes are globally fragmented and controlled by leading multi-national enterprises (MNEs) within thei
SSE on course despite slight lag in renewables
Energy giant SSE marked its first quarter out of the household energy sector by saying that it is on course to deliver on its earnings target for the year.
Binn chiefs quizzed over £70m Glenfarg incinerator project
Binn Group bosses held talks with local residents yesterday to share details of their plans for a £70 million incinerator at Glenfarg EcoPark.
Stock markets fall
Canada's main stock index posted a triple-digit decline in late-morning trading as the heavyweight financial, energy and industrial sectors moved lower.
SBI records 41 per cent jump in Q3 net profit at Rs 5,583 crore
The bank says this is the highest ever quarterly net profit recorded by it
GDP Prints At 2.1%, But Strong Export Data Is Anomalous; Likely To Be Revised Downward
Most of the 2.1% print came from Net Exports (NEX), but the lead of that was a technical increase from IMPORTS (which normally REDUCE GDP) .NEX is the component of GDP that, historically, is most revi
Asia shares try to rally after gut-wrenching week
Asian share markets were praying for a reprieve at the end of a punishing week as investors snatched at hopes the coronavirus could be contained, ...
Q4 GDP: A Quick First Look
Quarterly real GDP growth came in slightly hotter than I expected at 2.1%.The single-biggest mover was the total collapse in real imports, down 8.7%.Consumption is way down. Real core PCE growth was 2
Irish citizens taken to hospital after China evacuation
Three Irish people have been brought to a British hospital for quarantine, after being evacuated from the city of Wuhan in China.
What If the Coronavirus and China's Quarantines Caused a Global Recession?
That would be bad.
Plague Big Opportunity, Rat Says
U.S. Commerce Department ghoul Wilbur Ross gloated about his belief the ongoing coronavirus outbreak in China is good for JOBS! JOBS! JOBS! in an appearance on Fox Business on Thursday morning, even as the confirmed number of cases and deaths keep rising and experts worry of sustained global spread....
Lincoln will build their first electric vehicle with Rivian
Lincoln announces new pure-electric vehicle coming soon, to be developed with Rivian
Economic Survey 2020 forecasts India GDP growth at 6-6.5% for FY21
Economic Survey 2020: According to the survey, uncertainties, although declining, are still elevated due to protectionist tendencies of China and USA and rising USA-Iran geo-political tensions
Highlights of the day: TSMC, UMC maintain normal production in China despite outbreak, but IC design houses worried about business
Many Taiwan-based IT firms are feeling the heat from the coronavirus outbreak that is delaying their production from returning normal following Lunar New Year. But have revealed that their fabs in China have been running as usual. Despite the foundry houses' reassuring revelations, many Taiwanese ...
Amazon blows past a $1 trillion valuation after topping analysts' earnings expectations (AMZN)
Amazon shares soared as much as 11% in early Friday trading, driving the company's market valuation above $1 trillion for the first time since J...
US raises USD 7.6 billion in auction of 37, 39, 47 GHz bands for 5G
The US FCC announced it's completed the auction of the upper 37 GHz, 39 GHz and 47 GHz bands, which started on 10 December 2019. The auction of 5G spectrum attracted total bids of USD 7.56 billion, and bidders won 99.9 percent of the licences on offer.
Pakistan may be the next big Asian market for tech startups: report
A McKinsey & Co's report cited by DW listed Pakistan amongst the fastest-growing economies
Racing Point F1 team renamed Aston Martin from 2021
LONDON, Jan 31 — The Racing Point Formula One team will be rebranded Aston Martin from the 2021 season, James Bond’s favourite carmaker announced today after securing a sizeable investment deal. Canadian billionaire Lawrence Stroll, whose son Lance Stroll drives for Racing Point, has agreed to...
Buy local products for 'better tomorrow'; efforts on to make India $5 tn economy: Prez Kovind
President Ram Nath Kovind on Friday exhorted people to use locally manufactured products for a "better tomorrow" as he reiterated the government's commitment to make India a USD 5 trillion economy.
PKC hopes events will provide a £31million windfall
The council has set itself the bold target for 2024
Sasol expects earnings to collapse 69%
Oil price, softer global margins and Lake Charles project weighs on first-half earnings
Wipro CEO and Managing Director Abidali Z Neemuchwala steps down
Neemuchwala cited ‘family commitments’ as the reason for his resignation.
How to Buy Bitcoin 2020: Complete Guide to The Best Options
Our Ultimate Guide to buying Bitcoin in 2020 - Fresh update with all the best options to purchase with Debit, Credit Card & Bank Transfer
Ginni Rometty to step down as IBM chief executive
Tech giant has struggled to grow as it moves into new fields like cloud computing and artificial intelligence
Crisil upgrades Jindal Steel's NCD ratings to positive on restart of plant
Upgrade reflects improvement in JSPL's business risk profile over medium term
Billionaire Lawrence Stroll takes stake in Aston Martin
Canadian billionaire Lawrence Stroll will take an up to 20 percent stake in Aston Martin for nearly 200 million pounds (US$$263 million) as the ailing carmaker raises funds after a sales drop put pressure on its finances, Reuters reports. Famed for being fictional secret agent James Bond’s car of choice, the 107-year-old company’s share price…
Economic Survey suggests widening scope of Make in India to create 4 crore jobs by 2025
This can be done by integrating “assemble in India for the world” into Make in India.
Coveney claims Brexit will 'dominate Irish politics' as UK prepares to leave the EU tonight
He also said there will be no discussions on a trade deal if there is not a ‘level playing field’.
Big share sale target in FY21? AI, BPCL, CCRI plus some more
Dalal Street analysts expect disinvestment proceeds to touch Rs 50,000 crore in FY20.
Union Budget 2020: Govt Tables Economic Survey, Pegs Growth Rate at 6-6.5% For FY 2020-21
The growth rate for the current financial year, ending March 31, was 5%, the Economic Survey, prepared by Chief Economic Adviser (CEA) Arvind Subramanian said. The Survey added that the rate of inflation declined from 3.2% in April 2019 to 2.6% in December 2019.
Rand marks time as China virus, power cuts weigh
Investors clutch at hopes that China can contain the spread of the coronavirus.
Ethereum Event Attracts Global Energy Giant Sponsor, ETH Prices Up 7%
A large Ethereum gathering in the US next month is attracting some big named sponsors as BP adds its name to the list.
SBI Q3 result: Lender logs 41% YoY rise in profit at Rs 5,583 cr; NPAs dip
During the quarter under review, the bank's credit book grew 6.79% YoY to Rs 23.01 trillion, up from Rs 21.55 trillion. The retail loans have jumped 17.49% YoY, while corporate loans slipped 0.48%
SK hynix’s 2019 operating profit plunges 87%
South Korean chipmaker SK hynix’s operating profit in 2019 plummeted 87 percent to 2.7 trillion won ($2.2 billion), amid the continued fall in memory chip prices and lower demand, according to its earnings report released Friday. The world’s second-biggest memory provider raised 26.9 trillion won in annual sales last year, a 33.3 percent plunge from 2018. The net profit nosedived 87 percent to 2.02 tril...
Years of red ink before Sargon's downfall
The holding company of high-powered fintech superannuation group Sargon Capital lost nearly $25 in the two years before it tumbled into receivership, and it is yet to file accounts for last financial year.
Senator Gideon sues Daily Nation for defamation
Senator Gideon has since refuted the claims that he has connection with Mitchell Cotts Limited
Ezekiel Mutua Splashes Millions on His Barber
The Kenya Film Classification Board (KFCB) boss opened up on the heart-melting story of how he worked with the struggling youth to...
Spoils of freedom
This is the moment for the people to stand up and act on the constitutional mandate, not only in support of the Palestinians, but also in defiance of a US government that looks increasingly toothless and unwilling to become the role model it was once for many other countries, and for its abandonment of the multilateral system.
What next for Tiverton town centre?
The previous Mid Devon District Council (MDDC) Conservative-led administration had agreed to widen an alleyway between Fore Street and the Pannier Market
Tokyo stocks close higher after WHO virus ruling
TOKYO, Jan 31 — Tokyo stocks closed higher today after the World Health Organisation declared the new coronavirus an international emergency but held off on recommending restrictions on the movement of people. The benchmark Nikkei 225 index gained 0.99 per cent, or 227.43 points, to end at...
Nike Vaporfly: World Athletics set to rule on running shoe range
World Athletics is set to tighten regulations of high-tech running shoes, including the controversial Nike Vaporfly range.
Posco’s operating profit down 30% in 2019 amid industry downturn
South Korean steel giant Posco said Friday its operating profit dropped 30.2 percent in 2019 from the previous year, amid the overall industry downturn and protectionism by major trading partners. The steelmaker said its revenue stood at 64.3 trillion won ($53.9 billion), down 0.9 percent on-year. The operating profit posted at 3.86 trillion won, while net profit was 1.98 trillion won last year. The operating margin...
Carnoustie residents demand renewables giant moves controversial cable landing site
Carnoustie community leaders have moved to protect local tourism from “huge disruption” caused by controversial plans to bury an electricity cable next to their world-famous golf course.
Economic Survey 2020 has a clear message for Nirmala Sitharaman
Growth in the current fiscal year would come in at 5 per cent, as per Economic Survey.
Cash-strapped Triphin will enrol at Wits University, thanks to Mukuru
By Nonkululeko Njilo | Sowetan | South Africans have rolled up their sleeves and hatched a plan to send a cash-strapped matriculant with seven distinctions to university — just two days after her heartfelt plea for help. Triphin Mudzvengi has touched hearts across the nation after revealing that she was accepted at the University of the Witwatersrand (Wits). But due to her family's financial constraints she was unable to enrol, reported GroundUp on Tuesday. She had tried to obtain scholarships and bursaries but did not qualify because, having arrived in the country with her parents from Zimbabwe in 2010, she was a foreign national. This also excluded her from the National Student Financial Aid Scheme.
Marico slips 6%, hits 52-week low on disappointing December quarter results
In Q3FY20, consolidated revenue from operations declined 2 per cent YoY at Rs 1,824 crore.
Saudi Runaway: behind a suspenseful and courageous documentary
In an audacious new film, a young woman secretly documents her preparations for escape from an arranged marriage on her smartphone
Nintendo says no new Switch in 2020
Japanese gaming giant Nintendo said Friday there would be no fresh model of its hot-selling Switch console this year, dashing the hopes of fans eager for a new version.
Rishad Premji writes to employees, lauds Abidali Neemuchwala’s contributions
Wipro announced this morning that its CEO and MD Neemuchwala has resigned due to family commitments and he would stay on until a successor was appointed.
Two loan products launched by Indian Bank
Indian Bank on Thursday announced the launch of two products - Surya Shakthi, for roof top solar set up for captive consumption and Corporate Loan, a finance product in aid of units under stress for w
Ustaz Sold Drugs To His Students Saying It Would Help Them Study & Recite the Quran Better
An ustaz was arrested for selling drugs to his students, claiming that it would help them study and recite the Quran better. According to The Star, the religious leader from Madura, Northeast Java in Indonesia had been selling methamphetamine to students at an Islamic boarding school and reasoned that it…
Link to buy Pepper European Servicing unit for up to €200m
Pepper Ireland unit manages €18bn of assets, including 60,000 residential mortgages
Economic Survey highlights: FY20 fiscal deficit target may need relaxation
GDP growth pegged at 6-6.5 per cent in financial year starting April 1, up from 5 per cent in current fisca
Economic Survey pegs GDP growth at 6-6.5% in next fiscal
Government must use its strong mandate to deliver expeditiously on reforms, it says
Bank Negara says sentiments in global financial markets positive in Dec
KUALA LUMPUR, Jan 31 — Sentiments in the global financial markets in December were positive amid prospects of easing global trade tensions, said Bank Negara Malaysia (BNM) today. The central bank said investor’s risk appetite improved following the announcement and subsequent signing of a phase...
Dementia sufferer, 87, 'pinned' to bed by carer who was allowed to keep working
The patient's family are furious after the support worker at Each Step care home in Blackley, Manchester, was allowed to continue working while authorities probed the incident
Economic Survey calls for $1.4 trillion infra spending during FY2020-2025
Investment in infrastructure is necessary for the economy, as power shortages, inadequate transport and poor connectivity affects overall growth performance, as per the Survey
Shares struggle for footing after virus-battered week
World share markets fought to regain their footing on Friday as investors clutched at hopes that China could contain the coronavirus, even as ...
What could derail the long-awaited property market recovery?
PROPERTY experts are hopeful 2020 will be the year the Perth market returns to growth.
GDP edges up 0.1 per cent
The Canadian economy edged higher in November, reversing most the decline seen in October, as cold weather helped boost the utilities sector and the construction and retail sectors also gained ground.
Tipperary IFA president says EU 'can't be browbeaten' by Boris Johnson
Irish farmers 'cannot be sold out'
Corporation tax cut to benefit 1% firms, SMEs paying lower tax: Eco Survey
With economic slowdown resulting in slippages in direct and indirect tax collections, the Survey said the next financial year is expected to pose challenges on the fiscal front
Oh! GDP grew only 6.1% - not 6.8% - last fiscal, says MOSPI
GDP figures for financial year 2017-18 were also revised downwards to 7 per cent, from 7.17 per cent reported earlier
CVS Stock Is a Long-Term Hold, but It’s not a Buy Ahead of Earnings
CVS Health's 2018 acquisition of Aetna will likely boost CVS stock in 2020, but volatiity around earnings date is possible.
General Electric Slams It Out Of The Park
Contrary to fears from many market participants, General Electric appears to be turning a corner.The company's latest release reveals strong performance when it comes to cash flow and good results mov
Economic Survey 2020: GDP Growth Projected At 6-6.5 Per Cent In FY21; Growth Resurgence From Second Half Of FY20
The Economic Survey 2019-20 was tabled by Finance Minister Nirmala Sitharaman in the parliament today (31 January). The survey projects the Indian Economy to grow at a rate of 6 to 6.5 per cent in the upcoming Financial Year 2020-21.
Understanding ‘Thalinomics’, or the economics of a plate of food in India
Analysing this data, the survey found that since 2015-16, there was a change in the dynamics of ‘thali’ prices.
Perth energy firm SSE ‘on course’ to deliver targets
Perth-based energy giant SSE said it expected to meet its full year targets yesterday despite its renewable energy output falling 5% behind forecasts for the first nine months of the year.
Viral Irish border Twitter account faces its own exit on Brexit Day
Satirical account @BorderIrish said it will tweet for the last time on Friday after becoming a sensation.
What does declaring coronavirus a global health emergency change?
A global health emergency usually means more resources and reporting obligations but states do not always follow WHO's guidance
Govt Revises GDP Growth For 2018-19 to 6.1 Per Cent From 6.8 Per Cent
Earlier in the day, the Economic Survey presented by chief economic advisor (CEA) Krishnamurthy Subramanian projected revival of economic growth to 6-6.5 per cent in the next fiscal starting April 1, 2020.
Paradigm Chairman Sam Gores Denies Report of Possible Sale to CAA
"We are not for sale, nor are we selling the agency," Gores says in email to employees
Acceleron Reignites Pipeline After Latest Trial Success With PAH Drug
Acceleron achieves primary endpoint in phase 2 PULSAR study using sotatercept to treat patients with pulmonary arterial hypertension.Top-line results from the phase 2b PULSAR study are going to be rel
Portal Leisure Centre fails to boost town centre footfall as empty shops pile up
Retail vacancy rates above the national average, new report shows.
Thailand China Outbreak
The holiday was over for almost 80 Chinese visitors to Thailand. Wuhan has been under tight lockdown as Chinese authorities seek to contain further spread of the virus. The virus outbreak has attached a measure of fear and loathing to the city's name, as was demonstrated Friday when another group
Amazon shares surge on strong earnings update
Amazon shares shot higher Thursday after the internet colossus released quarterly earnings figures for the holiday quarter that trounced market expectations.
Treasury Wine Estates shareholders back company's US presence
Long-term Treasury Wine Estates shareholder Tribeca wants the company to maintain a presence in the US but would like to see its commercial business divested.
Markets Recoil as Economic Survey Stokes Fiscal Slippage Fears
The 30-share BSE Sensex closed 190.33 points, or 0.47 per cent, lower at 40,723.49. Likewise, the broader NSE Nifty shed 73.70 points, or 0.61 per cent, to finish at 11,962.10.
Amazon set to blow past a $1 trillion valuation after topping analysts’ earnings expectations
Amazon shares tore as much as 11% higher in early Friday trading, pushing the company’s market valuation above $1 trillion for the first time since July.
Weekend Reading: 1-2 February 2020
Global Macro / Markets / Investing:
The Daily Chase: Stocks under pressure as virus spreads; GDP inches higher
Global stocks are coming back under pressure this morning as investors interpret the latest wave of coronavirus headlines. Meanwhile, the Canadian economy unexpectedly expanded in November.
Property sales catapult American Savings’ earnings | Honolulu Star-Advertiser
American Savings Bank’s earnings soared 30% in the fourth quarter after recognizing an after-tax gain of $7.7 million from the sales of its former headquarters at the Financial Plaza of the Pacific and its Mililani Service Center.
Bank strike paralyses work
Bank employees owing allegiance to various constituent unions of the United Forum of Bank Unions (UFBU) boycotted work in the erstwhile composite Khammam district on Friday, the first day of the two-d
How mortgage broking was saved from near death
The Hayne recommendations nearly finished off mortgage brokers a year ago. Today, their services are more in demand than ever.
Mining sector's GDP share sees decline due to disruptions in Goa, Karnataka
Closure of mines and disruptions due to changes in legislations has thrown the sector out of gear, curtailing production and endangering jobs
Daily Insight: All system(-level planning) go
The must-read stories and debate in health policy and leadership.
India's share in global commercial services exports up at 3.5 per cent
According to the economic survey tabled by finance minister Nirmala Sitaraman, the service sector acounts for 55 per cent of economic growth
UC Berkeley had to apologize for saying anti-Chinese xenophobia is a 'normal reaction' to the coronavirus, Business Insider - Business Insider Singapore
Business Insider - "Confused and honestly very angry about this Instagram post from an official UC Berkeley Instagram account," one former student said.. Read more at businessinsider.sg
Apple Chipmaker Says Supply Not Affected By Coronavirus
One of Apple's chipmakers, TMSC, insists it is business as usual despite the coronavirus disrupting supply chains.
Nigeria has poorest cancer care, control system — Akeredolu
Wife of the Ondo State governor has lamented that the country ranked among countries with the poorest cancer care and control system.
Jakarta stock index slips 1.5 percent as Wuhan virus spreads
The JCI concluded morning trade at 5,966.87 before lunch break, breaking below the 6,000 level for the first time this year.
Canada: Real GDP edged up 0.1% in November vs. 0% expected
The real Gross Domestic Product (GDP) expanded by 0.1% on a monthly basis in November following October's 0.1% contraction, the data published by Stat
Cropped-out climate activist Vanessa Nakate urges media to hear Africans
Vanessa Nakate says she hopes storm over Davos photo will help shift narrative
The ethics of editing humans – and the scientist who helped make it easy
Jennifer Doudna co-discovered the Crispr tool that could cure disease and change the human race. But what happens if it falls into the wrong hands?
Railway Budget 2020: Railway fares unlikely to be hiked, govt may give privatisation push
Budget 2020: After the success of India's first private train Tejas, the Centre may also consider privatising other trains and railway operations. The Centre's railway station modernisation plan will also boost steel consumption in the country
Elon Musk's new EDM single reviewed – 'Bringing erectile dysfunction to the masses!'
The Tesla and SpaceX CEO has dropped Don’t Doubt Ur Vibe on Soundcloud – a wannabe dancefloor banger that somehow manages to doubt its own vibe
Lavender Economic Survey says growth has bottomed out, pegs GDP for FY21 at 6-6.5%
The pre-Budget Survey said for wealth to be distributed, it first has to be created and called for looking at wealth creators with respect.
Elon Musk hits music studio, releases EDM single ‘Don’t Doubt ur Vibe’
It was music to his ears. Billionaire Tesla tycoon Elon Musk released an ethereal electronic song titled “Don’t Doubt ur Vibe” after scoring a big earnings win for his electric car
Ford Stock Is a Neutral Play in 2020
The automaker has an opportunity for growth in China but it’s got to deliver in a market not favoring light vehicles.
Farmers stuck with pineapples as prices drop to Shs 700
agriculture
Amazon set to blow past a $1 trillion valuation after topping analysts' earnings expectations
Amazon shares tore as much as 11% higher in early Friday trading, pushing the company’s market valuation above $US1 trillion for the first time since July.
Tesla CEO Elon Musk drops hot new track: Gigaclub coming soon?
A day after Tesla reported its impressive Q4 2019 earnings, CEO Elon Musk seems to be in a celebratory mood, treating his fans and the electric vehicle community by dropping a new song. The Model Y delivery is set to start soon and a lot of people are excited about the Cybertruck but the Tesla […]
Your letters for Jan. 31
All hail the motoristRe: Druh Farrell pledges more “climate change” oversight, Jan. 24So Councillors Farrell and Gian-Carlo Carra have now earnestly latched onto the modern progressive’s favo…
Fiscal deficit target may be relaxed to arrest declining growth: Economic Survey
The Medium Term Fiscal Policy (MTFP) statement presented with the Budget 2019-20, pegged the fiscal deficit target for 2019-20 at 3.3 per cent of gross domestic product (GDP), which was further expected to follow a gradual path of reduction and attain the targeted level of 3 per cent of GDP in 2020-21, and continue at the same level in 2021-22.
Citizen suffers as wilful defaults take toll on welfare schemes: Eco Survey
According to the Survey, promoters at the helm of defaulting firms pledge almost 50 per cent of their shareholding to lenders on average
Smoothing Bumpy Cash Flow For Small Town Governments
Springbrook discusses the cash flow challenges of local governments prioritizing timely supplier payments and budget transparency.
Kobe Bryant: Helicopter Company Involved in Lakers Star's Death Suspends Operations
Island Express Helicopters — the company that owned the aircraft that Kobe Bryant, his daughter Gianna and seven other passengers were on when it crashed in Calabasas, California, on Sunday — has temporarily suspended its operations. A statement on the company's website revealed that all [...]
How will immigration rules change after Brexit?
The issue dominated the EU referendum debate.
China virus may cause delays of anti-pollution equipment retrofits on ships
TOKYO/SINGAPORE (Reuters) - Shipping companies may face delivery delays of vessels fitted with exhaust gas filtering equipment that complies with anti-pollution rules that kicked in this year due to the impact from the virus outbreak in China, shipping sources said on Friday.
EC staff in Northern Ireland taking low-key approach to leaving
Belfast European Commission office still holds to line that EU is Good for You
CFTC Chairman: We Could See Ethereum Futures Launching Soon
Ethereum Futures might be the next significant product coming to the cryptocurrency scene, said the CFTC Charmain, Heath Tarbert. Furthermore, he
CMA new boss talks tough against issuing profit warnings late
NAIROBI, Kenya, Jan 31 - The Acting Chief Executive of Capital Markets Authority Wycliffe Shamiah has warned companies listed on the Nairobi Securities Kenya breaking news | Kenya news today |
Austria’s FMA Warns Against Swissinv24 Ltd
Austria's FMA has published a warning on its website this Friday against Swissinv24 Ltd, an alleged provider of trading platforms.
Hayne's shock treatment worked
The royal commission was designed to shock the entire financial services system into change. It was brutal, but it delivered.
Strategic strata moves rattle Melbourne's city grid
In an intriguing start to the year for the CBD strata market, property developer Salta has snapped up a second floor in a seven-storey building on Exhibition Street.
Volatility In SmileDirectClub Likely To Continue So Waiting To Buy May Be Best
SmileDirectClub, Inc went public in September 2019 as a unicorn, being valued at over $5B.While margins are showing improvement, net margin is still negative mainly due to high customer acquisition co
UC Berkeley had to apologise for saying anti-Chinese xenophobia is a 'normal reaction' to the coronavirus
UC Berkley is attracting backlash for calling anti-Chinese xenophobia a “normal reaction” to the Wuhan coronavirus.
Market wrap: all the leasing and sales activity in and around Sydney
Sydney's inner south shines during leasing activity.
Iowa caucuses: It’s not just candidates who face uncertainty – it’s their campaign workers, too
What will happen to campaign workers after the Feb. 3 caucuses? It's a question that's in the cold Iowa air, carrying with it a subtle message about the state of democratic politics.
How will immigration rules change after Brexit?
The issue dominated the EU referendum debate.
Pro-business policy critical to achieve $5 trillion economy, says Economic Survey
The Economic Survey 2019-20 says India’s aspiration to become a $5 trillion economy depends critically on promoting “pro-business” policy that unleashes the power of competitive markets to generate
The great Baillieu stockbroking sting
Should two Melbourne brothers have picked up on the signals coming from a mysterious Arab financier that he was part of an elaborate entrapment?
Oyo cuts staff strength by about 2,000, exits 200 cities as part of restructuring
Oyo claims that although it has slashed a significant workforce, there has been a lot of support that the start-up has given to the employees who have been asked to leave
Buzzy primary care company One Medica just popped in its stock market debut after raising $245 million in its IPO, Business Insider - Business Insider Singapore
Business Insider - One Medical is set to start trading Friday under the ticker "ONEM." One Medical was founded on the idea of making it easier to get medical care.. Read more at businessinsider.sg
Budget 2020: Why focus on wealth creation is good news for Indian economy
The Economic Survey 2019-20 has managed to hit the bullseye by focusing on wealth creation. It now remains to be seen whether the government provides the tools and environment required for the same.
Drug dealer is jailed
A Suffolk man who was involved in the supply of class A drugs has been jailed for two years and eight months.
Tims seeks to reclaim roots
Tim Hortons franchisees gathered in Calgary earlier this week and erupted into applause after corporate executives promised to help reframe the public's understanding that the chain is a Canadian company.
Saskatoon street robberies up more than 20 per cent in 2019
Last year, 175 robberies were reported to police in Saskatoon. That is a more than 20 per cent increase over the 144 reported in 2018.
Economic Survey 2020: CEA Subramanian sees fiscal slippage in FY20
Subramanian said the country might have hit the trough in growth and expressed his confidence in achieving 6-6.5 per cent growth in fiscal year 2020-21
Foreign exchange reserves reach life-time high of $466.69 billion
In the previous week, the reserves had increased by USD 943 million to USD 462.16 billion
Wuhan virus outbreak: First infected Singaporean among three new cases, bringing tally to 16
SINGAPORE, Jan 31 — A 47-year-old Singaporean woman is among the latest batch of three people who have tested positive for the Wuhan coronavirus, bringing the number of imported cases here to 16. In a press release today, the Ministry of Health (MOH) said she was one of the Singaporeans who was...
EU votes in favor of choosing a common charging cable standard
The European Union wants to vote on legislation by July at the latest.
Amazon set to blow past a $1 trillion valuation after topping analysts' earnings expectations, Business Insider - Business Insider Singapore
Business Insider - The company previously touted $1 trillion valuations in September 2018 and July 2019, though the milestones were quickly lost as shares tumbled.. Read more at businessinsider.sg
It's official: too much banking is bad for you
The "financialisation" of an economy can exacerbate inequality, and undermine stability.
Racing Point F1 team renamed Aston Martin from 2021
The Racing Point F1 team will be rebranded Aston Martin from 2021, James Bond's favourite carmaker confirmed after securing a large cash injection to get back on track.
Canada needs more doctors
Canada lags well behind all but the United States among 11 of the wealthiest nations when it comes to the number of doctors per capita, a new report indicates.
Reforms must take into account economic wellbeing
As we implement the wave of reforms flowing from the royal commission, it's important to ensure the health of the economic system.
ExxonMobil and Chevron report fourth-quarter earnings declines
US oil majors knocked by tighter margins, chemicals weakness and writedowns
Apple supplier LG Display posts fourth quarterly loss in a row
Loss smaller than expected.
Wilbur Ross Sees a Bright Side to Chinese Virus
Commerce Secretary Wilbur Ross suggested Thursday that the viral outbreak in China might offer an unexpected benefit for the U.S. economy: It could encourage American manufacturers in China to return to the United States.
Why We Shouldn't Fight Over What Children Are Taught in School
Is there a better way?
As Democratic primaries near, educators can teach hope to a polarized citizenry
Schools and colleges can teach political hope that can help citizens make better choices.
UC Berkeley had to apologize for saying anti-Chinese xenophobia is a ‘normal reaction’ to the coronavirus
UC Berkley is attracting backlash for calling anti-Chinese xenophobia a “normal reaction” to the Wuhan coronavirus.
Cott to sell S&D Coffee business for US$405 million
The sale is part of Cott's plan to focus on its water business.
9-1-1 Emergency: A call for ailing Sask. hospital system to help seniors
As Saskatchewan’s senior population grows and dementia rates rise, hospitals are struggling to meet the needs of confused and elderly patients who find themselves in the emergency room.
Eco Survey gives positive outlook for steel, oil and gas sectors: Pradhan
The sector achieved a growth of 5.2 per cent during April-November period of the ongoing financial year as compared to 3.6 per cent in the year-ago period, it added
Greed, hubris and weak regulation: A year on from the Hayne royal commission, has anything changed?
The banking royal commission was badly needed, but it never went far enough. It was too short, and the terms of reference missed some critical areas.
Viral Irish border Twitter account faces its own exit on Brexit Day
Satirical account @BorderIrish said it will tweet for the last time on Friday after becoming a sensation.
Aviva stops investors from taking money out of Irish property funds
Investment vehicles have combined value of €940 million
China car sector to take hefty first-quarter hit from virus but 2020 outlook not necessarily grim
The new coronavirus epidemic is likely to wreak havoc on China auto sales and production in the first quarter, but it is too early to push panic ...
Retail, residential sectors under reporting season spotlight
Performance of the retail and residential owners and developers will be under the spotlight in the upcoming earnings reporting season.
Statistics Canada says GDP edged up 0.1 per cent in November
OTTAWA — Statistics Canada says real gross domestic product edged up 0.1 per cent in November, reversing most of the decline experienced in October.
‘A new era’ — Brexit Day front pages across Europe
Newspapers in the UK split between joy and gloom while sadness prevails on the Continent.
Economic Survey calls for USD 1.4 trillion spending on infrastructure
Finance minister notes that investment in infrastructure is necessary, as it affects the overall growth
Viral Irish border Twitter account faces its own exit on Brexit Day
Satirical account @BorderIrish said it will tweet for the last time on Friday after becoming a sensation.
What will Brexit change for Scots? Everything you need to know about what happens next?
The UK will leave the European Union at 11pm tonight.
Vedanta profit rises 49% to Rs 2,348 cr in Q3 on the back of lower expenses
In a statement, the company said "attributable PAT (was) at Rs 2,348 crore, up 49 per cent y-o-y (year-on-year)"
GDP growth for FY19 revised downwards to 6.1% from 6.8% estimated earlier
"Real GDP or GDP at constant (2011-12) prices for the years 2018-19 and 2017-18 stand at Rs 139.81 trillion and Rs 131.75 trillion, respectively
Indian economy has hit ‘a trough’, hope to achieve 6-6.5% in 2020-’21, says chief economic advisor
The chief economic advisor pointed out that firms that had borrowed a lot of funds between 2008 and 2012 had invested less during the 2013-’17 period.
No fresh investment, redemption for mutual fund investors on Budget day
Mutual funds investors will not be able to make a fresh investment or sell their units on the Budget day because subscription and redemption are closed on Saturdays and Sundays, industry officials
A Full-Picture Approach To Thwarting Debit Fraud
Debit payments have a $960 million fraud problem — and reliance on analyzing customers' behaviors doesn't go far enough. Modern security measures must examine the behavioral patterns of all transactional participants (including the ATM), says FICO Vice President Doug Clare. In the inaugural Next-Gen Debit Tracker, he discusses how financial institutions (FIs) can expand their application of fraud-fighting tools to secure debit transactions.
Zimbabwe players set to receive pay cuts after Sri Lanka Tests
"We will rather make sacrifices today and survive tomorrow," says Zimbabwe Cricket chairman | ESPNcricinfo.com
Auckland fruit fly response over and produce movement restrictions lifted
Biosecurity New Zealand has ended its Northcote fruit fly operations and lifted restrictions on the movement of fruit and vegetables on Auckland’s North Shore.
GE2020: Fianna Fáil's Byrne claims SF tax plans 'will cost jobs in Louth'
Fianna Fáil Councillor James Byrne slates Sinn Féin tax plans
Bitcoin Is Up 32% This Month – On Track for $152,000 Year-End?
As Jan 2020 ends, bitcoin is up 32% this month. As one analyst points out, if this continues every month, BTC will reach $152,000 by Dec.
European Union passes resolution to force common charger for smartphones
Recently we reported that Apple may be forced to ship iPhones with USB-C port in the European Union. As we expected, EU parliament this week voted 582-40 in favor of a resolution to urge action by the European Commission on a common charging solution for smartphones. The parliament has asked the Commission to ensure that …
Dow plummets 600+ points in its worst day since August
The Dow Jones Industrial Average erased its year-to-date gains in the last day of January trading, tumbling more than 600 points on rising coron...
Heilung react to incident at show: “we do not tolerate hate speech and racism”
”Apparently some people attended our ritual with the idea that Heilung is only for white people. This is not the case. Heilung is for ALL people, regardless of the color of the skin. And we are sorry that this happened at our show.”
London-based Yumpingo raises over €9 million to help restaurants gather real-time feedback
UK startup Yumpingo, a one-minute instant review platform for restaurants, has raised over €9 million. The foodtech startup will use the funds to launch Yumpingo Pay, a new pay-at-table platform, and expand the company’s sales and operations internationally.
Stakeholders need to step up drug abuse advocacy — Dr. Oluwayemi Ogun
Medical Director, Federal Neuro-Psychiatric Hospital, Yaba, Dr. Oluwayemi Ogun has urged stakeholders to keep up the advocacy for drug abuse
10 things you need to know before the opening bell
Here’s what you need to know before the markets open:
The pound rises as the UK bids goodbye to the EU — but experts say to brace for a drop of up to 7% if trade talks fail, Business Insider - Business Insider Singapore
Business Insider - If the UK ends up back with a so-called hard exit, "we would look for GBP USD to drop 5% to 7% taking us back towards $1.24," one analyst said.. Read more at businessinsider.sg
Goldman Sachs warns Wuhan coronavirus will hit US economic growth this quarter
Goldman Sachs warned on Friday that Wuhan coronavirus is likely to hit US economic growth.
Businesses see promising India-UK ties ahead after Brexit
Brexit: Leading trade organisations and Indian entrepreneurs in Britain see this as an exciting time for the India-UK trade and economic partnership to be taken to a new level
Cut in housing prices can clean up banks' balance sheets: Economic Survey
Pitching for correction in property prices, the survey said that housing prices are ruling at a high level, even as the growth in rates has been muted since 2015-16
Teachers' strike to close at least 40 more schools than expected
The teachers’ strike on Tuesday is expected to close at least 40 more schools than originally feared.
BlackRock Appears Interested In North American Small Cap Pharmaceuticals
BlackRock sees North American Small Cap Pharmaceuticals as Undervalued. Will this trend continue?Comparing Blackrock and Vanguards asset allocation in North American Small Cap Pharmaceuticals.BlackRoc
New York pension fund to review investments in coal companies
The New York State Common Retirement Fund has announced its plan to review investments for 27 thermal coal mining companies.
EA made nearly a billion Dollars in the last quarter thanks to “Live Services”
Publisher Electronic Arts has reported on its quarterly earnings for the last three months of 2019, and they’ve made an awful lot of money on their “live services” which is a bit of a catchall-term…
Economic Survey 2019-20 Tabled in Parliament, Sees Pick up in Growth
For the current fiscal, it projected a GDP growth of 5 per cent, the lowest in 11 years, and worsening job prospects.
Milan-based Supermercato24 raises €11 million to expand its e-grocery marketplace in Europe
Italian startup Supermercato24 has today announced raising €11 million to expand its e-grocery marketplace in its homecountry, as well as in Poland where it also has an office, and the rest of Europe.
Electricity consumers to pay more for prepaid meters
Electricity Consumers will have to pay more for prepaid meters as the hike in FG's Value Added Tax, VAT, from 5 to 7.5 per cent, begins in ...
From passports to driving to mobile phone roaming: What will change now that the UK had left the European Union?
The United Kingdom left the European Union at 2300 on Friday January 31 - 'Brexit Day'. It marked the end of more than four decades of partnership, and the start of an 11 month-long transition period which will see a new deal thrashed out. Much is set to change once that transition period comes to a close at the end of December 2020 - but what about between now and then?
What Farmers Are Reading This Week, January 24-31
This week featured a shake-up in markets that took center stage. Aside from markets, news about the Navigable Waters Protection Rule gained traction after a new definition was released. John Deere, the EPA, and Brazil’s soybean harvest all also popped up in this week’s news. To catch up on last week's hot topics, follow the Successful Farming staff's work in the previous recap.
Economic Survey 2020: FTAs have been beneficial, insecurities over trade deals misplaced
Last year, India backed out of the proposed free trade agreement under RCEP that comprises 16 countries in the larger South East Asian region after some of its key concerns were not addressed
Look for New Highs From CSX Stock as the Economy Heats Up
As goes the economy, so goes CSX stock, and the economy is only going to improve over the next few quarters.
How These Local Businesses Benefit From the Iowa Caucus's National Spotlight
As the country prepares for the 2020 Iowa Presidential caucuses, companies are finding novel ways to cash in.
Altria's Profit Just Got Vaporized
Controversy surrounding the e-cigarette industry is costing the tobacco giant billions of dollars.
It could be up to three years before a coronavirus vaccine is accessible, Canadian scientists say
The team at the International Vaccines facility are in preliminary stages of developing a prototype and say it could be a year before the vaccine is ready to test on humans
'Fly-tipping epidemic': Telford councillor to call for waste collection charges to be scrapped
Charges for bulky waste collection in Telford should be scrapped in an effort to address a fly-tipping "epidemic", a councillor has said.
The Tax Break the IRS Is Begging You to Take
Millions of taxpayers are eligible but choose not to claim the thousands of dollars this tax credit offers.
Household lending grows for third consecutive year - Central Bank
Home lending drove growth in the figures but private sector lending fell
Property where Johnny Cash, June Carter Cash once lived sold
HENDERSONVILLE, Tenn. — The lakefront property in Tennessee where Johnny and June Carter Cash lived for more than 30 years has been sold for $3.2 million.The Hendersonville Standard first reported . . .
10 things you need to know before the opening bell, Business Insider - Business Insider Singapore
Business Insider - This is what traders are talking about.. Read more at businessinsider.sg
3 Big Things Today, January 31, 2020
Corn and soybean futures were little changed amid concerns about the coronavirus.
Pawan Kalyan Indicates Why JD Quit is A Big Loss to Janasena
Former CBI JD Lakshminarayana has quit Janasena Party. He went on to say that Pawan Kalyan going back on his word of not doing movies reflects his unstable nature and so, he is not interested to continue in the party. This has come as shock for Janasena’s Rank and File.
1.7 million road users to benefit from 18pc discount for PLUS toll charges
KUALA LUMPUR, Jan 31 — A total of 1.7 million road users will benefit from the 18 per cent savings in their toll rates, at all PLUS-operated highways nationwide, from the stroke of midnight tomorrow. The toll reduction will cover all Passenger Vehicles (Class 1), Taxis (Class 4) and Buses (Class...
SK Hynix to make deep capex cut as virus spread threatens chip output
South Korea's SK Hynix , the worlds' No.2 memory chip maker, warned a new virus outbreak in China could pose a threat to chip production and said ...
Top U.S. fund firms split over new limits on shareholder votes
BOSTON (Reuters) - Pending U.S. securities rules that would limit shareholder proposals have divided passive and active U.S. fund firms as some take a harder line on issues like climate change.
Volkswagen offers to buy all of Navistar for $2.9 bn
German auto giant Volkswagen said Thursday it wants to buy the part of American truck maker Navistar that it does not already own for $2.9 billion.
Kevin Greenard: Decline in the value of your cash savings
The average life expectancy for females and males in Canada is 84 and 80, respectively. Many people are living well into their 90’s, resulting in many retirees having to update financial plans . . .
HUL reshuffles top management team
Narasimhan would replace Priya Nair, currently Executive Director - Home Care who moved as Executive Director - Beauty and Personal Care
Investors get bullish after WHO lauds China's coronavirus response
"For now, the market’s risk lights have shifted from flickering on red to a steady shade of amber."
Goldman Sachs warns Wuhan coronavirus will hit US economic growth this quarter, Business Insider - Business Insider Singapore
Business Insider - Fewer Chinese tourists and a drop in US exports to China could weigh on the economy.. Read more at businessinsider.sg
10 things you need to know before the opening bell
Here’s what you need to know before the markets open:
What happens to UK coronavirus patients after deadly disease is confirmed?
A frantic search is underway for anyone who may have come into contact with the two patients diagnosed with coronavirus in England.
Mediterranean refugee deaths drop but experts say risks remain
In the first month of 2020, at least 70 people drowned in the Mediterranean while attempting the perilous journey to Europe, the lowest level since 2014, the start of the refugee crisis.
WHO: Closing borders could allow China virus to spread faster
GENEVA, Jan 31 — The World Health Organisation cautioned today that closing borders was probably ineffective in halting the transmission of the deadly novel coronavirus from China and could even accelerate its spread. If you close official border crossings, you can “lose track of people and...
Facebook bans coronavirus fake news, false cures and conspiracy theories
Social network says people are sharing videos which claim drinking bleach will beat the feared disease.
ATA urges the Senate to vote 'no' on the Cash Ban Bill
"Some incredibly insightful individuals testified at the Cash Ban hearing on Thursday. The message was clear: any restriction on cash is an attack on economic freedom. Australians should be allowed to make legal purchases with the legal tender of their choice instead of being forced onto the banking system."
Economic Survey: Why erosion of taxpayers’ money in PSBs is a much deeper issue
While the Economic Survey helps in quantifying the loss, it fails to point out the graver issues at hand
National Statistical Office revises growth down to 6.1% for 2018-19
“Real GDP or GDP at constant (2011-12) prices for the years 2018-19 and 2017-18 stand at ₹139.81 lakh crore and ₹131.75 lakh crore, respectively.”
Boeing: A Lot Of Pain With Light At The End Of The Tunnel
Boeing experienced a great deal of pain last year due to its 737 Max issues.These problems have extended into 2020 and will likely persist during at least the first half of the year.The balance sheet
Companies in Beijing to resume work on February 10 due to virus fight: government newspaper
BEIJING (Reuters) - China’s capital Beijing said on Friday that companies in the province will postpone reopening until Feb. 10 in order to help prevent the spread of a new coronavirus, government newspaper Beijing Daily reported.
Government must unleash bold reforms to achieve 6-6.5% growth in FY21, say experts, industry
The chamber said as the Economic Survey is a precursor to the Union Budget, it expects some of the bold reforms highlighting trust, entrepreneurship and primacy of the market to be reflected in the Budget announcements. Leader Economic Advisory Services at PwC India Ranen Banerjee said attaining the projected growth rate of 6-6.5% will be challenging.
Bitfinex Users Can Now Trade Tether Gold Stablecoin Against Bitcoin
After launching trading of gold-pegged stablecoin Tether Gold last week, Bitfinex cryptocurrency exchange now allows users to trade Tether Gold against Bitcoin.
ING the second Netherlands bank to turn to negative savings interest
Banking institution ING has become the second bank in the Netherlands to charge a negative interest rate on certain savings accounts. Customers will face a -0.50 percent interest rate for any amount
Medal for former ECB chief Draghi divides Germans
Months after the end of his term as president of the European Central Bank, Italian economist Mario Draghi will receive Germany's highest honour ...
Holiday spots in southern Thailand face hard times after coronavirus outbreak
PHANG NGA (Thailand), Jan 31 — Thai tourist boat company “Love Andaman” is facing a bleak February after China banned all outbound group tours this week to try to contain the coronavirus outbreak. China is Thailand’s biggest source of foreign tourists, accounting for 28 per cent of the 39.8...
Canadian billionaire Lawrence Stroll leads group buying stake in Aston Martin
Stroll will become the iconic car company’s executive chairman; consortium, which also includes André Desmarais, will initially buy a 16.7 per cent interest with plans to raise that to 20 per cent
Auckland fruit fly response comes to a successful end
Friday 31 January 2020
Tesla Management Talks Cybertruck, Model Y, Coronavirus, and More
Don't miss these must-read quotes from the electric-car company's fourth-quarter earnings call.
The pound rises as the UK bids goodbye to the EU — but experts say to brace for a drop of up to 7% if trade talks fail
If the UK ends up back with a so-called hard exit, "we would look for GBP USD to drop 5% to 7% taking us back towards $1.24," one analyst said.
How likely is someone to die from coronavirus?
NHS still state that the risk of getting coronavirus in the UK is low.
Morrisons could be moving to redundant car dealership site
The John Grose Ford dealership in Framlingham is set to shut up shop today - as rumours circulate that Morrisons could be taking over the site.
EUR/GBP on the defensive around 0.8400 ahead of Brexit
The continuation of the buying interest around the quid is forcing EUR/GBP to recede further ground and briefly test the area of 2020 lows near 0.8385
The worst start to a new year since 2016 – Rabobank
The CEEMEA currencies are on track to end January on the back foot marking the worst start to a new year since January 2016, writes Piotr Matys – Seni
SBI profits zooms 41% to ₹5,583 crore in Q3
State Bank of India, on Friday, reported a robust 41 per cent jump in net profit at ₹5,583 crore in the third quarter ended December 31, 2019, along with an improvement in asset quality. The bank sa
Brexit Day: Businesses see promising India-UK ties ahead
Leading trade organisations and Indian entrepreneurs see this as an exciting time for the India-UK trade and economic partnership to be taken to a new level.
Global Run On Virus Masks Leaves US & Europe With No Supply
Global panic growing as virus spreads
Lindsey Graham's Sneak Attack On Section 230 And Encryption: A Backdoor To A Backdoor?
Both Republicans and Democrats have been talking about amending Section 230, the law that made today’s Internet possible. Most...
Working to get them home
Prime Minister Justin Trudeau says the federal government is going through a "deliberate process" to airlift nearly 200 Canadians out of the epicentre of the novel coronavirus outbreak in China, while other countries continue to get their citizens home.
Indonesia: Year in review 2019
Indonesia recorded year-on-year (yoy) growth of 5.02 percent in the third quarter of 2019, slightly down on earlier projections of 5.1 percent, as well as on second quarter levels of 5.05 percent yoy. This figure was the lowest rate of growth since mid-2017, as investment, household spending and government spending all saw subdued growth.
Opinion: Is Enmax paying its fair share into City of Calgary coffers?
For Calgary’s economy, 2019 was a terrible year, marked by ongoing troubles in the energy sector and a downturn in construction. Not surprisingly, the city’s weak economic performance h…
China to fly overseas citizens back to virus-hit Hubei province
BEIJING: The Chinese government has decided to send charter planes to bring citizens from virus-hit Hubei province who are overseas back "as soon ...
‘El Chapo’ beer launched by daughter Alejandrina
Have a cold one, have an “El Chapo” beer. That’s the message of Alejandrina Guzman, whose company has developed a craft
Fiscal deficit hits 132% of estimate till Dec on slow revenue collection
The government aims to restrict the gap at 3.3 per cent of the GDP or Rs 7,03,760 crore in the year ending March 2020
Boeing Credit Rating Slashed Amid Plane Maker’s Ongoing 737 MAX Fiasco
Moody's warns Boeing also remains
Economic Survey 2020 explains why the rich are good for economy
Economic Survey 2020: Survey says wealth created by entrepreneurs correlate strongly with wealth created by employees, and that greater wealth creation in a market economy enhances welfare for all
‘Rich people own stocks. Poor people own houses’
A roundup of what The Globe and Mail’s market strategist Scott Barlow is reading today on the Web
Bitcoin Actually Declines Off of Political Uncertainty, Bombshell Study Finds
It might not be a good idea to purchase bitcoin as an insurance asset against this year's nailbiting US presidential election. That is according to a new
As Trade Tensions Ebb and Chip Prices Recover MU Stock Is a Buy
After being battered by market forces and a trade war for over a year, Micron is positioned for growth, and that should propel MU stock.
Plug Power - Business Update Call Takeaways - Company Signs Third Anchor Customer
Discussing key takeaways from Thursday's business update call. Company reported FY2019 gross billings at the lower end of the projected range and guided for approximately 27% top-line growth and mater
Goldman Sachs warns Wuhan coronavirus will hit US economic growth this quarter
Goldman Sachs warned on Friday that Wuhan coronavirus is likely to hit US economic growth.
Bold reforms needed to achieve 6-6.5% growth in FY21: Experts, industry
Leader Economic Advisory Services at PwC India Ranen Banerjee said attaining the projected growth rate of 6-6.5 per cent will be challenging
SK Hynix to make deep capex cut; virus spread may threaten chip output
SEOUL (Reuters) - South Korea’s SK Hynix, the world’s No.2 memory chip maker, warned a new virus outbreak in China could pose a threat to chip production and said it would sharply reduce annual investment after posting a steep fall in quarterly profit.
What every Canadian investor needs to know today
A look at the morning’s market action
Housing corporations not building enough homes, regulator says
Housing corporations are still failing to build enough homes, according to a report by the Housing Corporation Authority, part of the Human Environment and Transport Inspectorate. The "State of the
Eskom warns SA to brace for more frequent power cuts
The country has been contending with an energy deficit since late 2005.
Infor strikes cost-saving partnership with Wellington-Altus
The partnership is a return to a full-service approach that’s worked in the past for founders of both Wellington-Altus and Infor, who came from large investment banks with significant wealth-management divisions
The real threat is the perceived victimhood of the majority: Kannan Gopinathan
For the first time, the Muslim community is asserting its religious identity as well as its Indian identity, says the IAS officer who quit office to protest the J&K lockdown
Warren Buffett's big Amazon investment is finally paying off, 8 months after he lamented not buying sooner (AMZN, BRKA)
Warren Buffett spent years watching Amazon soar from the sidelines, before his holding company Berkshire Hathaway started purchasing shares earl...
France cracks down on plastic waste, destruction of unsold clothes
PARIS, Jan 31 — The French parliament yesterday passed a law forbidding retailers from destroying unsold clothes and banning single-use plastic containers by 2040, part of the government’s efforts to reduce waste. The bill adopted by the Senate, after being cleared by the lower house National...
How major US stock indexes fared Friday
Stocks fell sharply on Wall Street Friday as investors feared that a virus outbreak that originated in China will dent the global economy. Technology companies, which do a lot of business with China, led the losses. Airlines fell after Delta and American suspended flights to and from China. The sell-off erased the S&P 500’s gains …
Amazon CEO Jeff Bezos added $13.5 billion to his fortune in 15 minutes
Jeff Bezos may have been the only ultra-wealthy billionaire who failed to get richer in 2019, but he’s making up for it in 2020.
French press asks whether Brexit ‘divorce’ means adieu or just au revoir for UK
Some commentators suggested little would change just for now while others predicted the UK exit could regalvanise Europe.
Market LIVE: Sensex, Nifty subdued as Economic Survey throws fiscal, economic challenge for government
Around 3.15 PM, S&P BSE Sensex was trading 0.51 per cent or 209 points lower at 40,703.84 while broader Nifty 50 index breached the crucial 12,000-mark and was ruling at 11,955 points
Notable turnaround in mineral production due to policy reforms: Survey
India produces as many as 95 minerals which include 4 hydrocarbon energy minerals, including coal and lignite; 5 atomic minerals, 10 metallic, 21 non-metallic and 55 minor minerals.
French and Italian economies shrink as Eurozone slows
The French and Italian economies both unexpectedly contracted in the final quarter of the year as the struggling Eurozone caps off a year of weak growth.
What happens next in the Brexit saga?
With the UK formally leaving the EU at 11pm on Friday, here is a look at the next stages.
Warren Buffett’s lesson for companies: keep candid
Apple, Facebook and Microsoft are among the groups depriving investors of information
Too soon to tell economic impact of Wuhan coronavirus on China: IMF chief
It is still too soon to gauge the economic impact of the virus outbreak on China's economy, beyond the first three months of the year, ...
The European Union’s Double Crisis of Legitimacy
It isn’t sufficiently democratic, and there’s no push to penalize authoritarian member states.
These 3 Numbers Explain Why Amazon Is Dominating Everything Right Now
Amazon's best-ever quarter is about these three things.
Sensex drops 190 points; Nifty ends below 12K
All eyes have now turned to the Union Budget, scheduled to be presented on Saturday.
Friday’s small-cap stocks to watch
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today
India forecasts faster economic growth, warns of fiscal challenge
The government estimates GDP will grow 5% this fiscal year, which ends on March 31. That would be the slowest growth since the global financial crisis of 2008-09
Hong Kong stocks close lower
HONG KONG, Jan 31 — Hong Kong shares closed down today, shedding their earlier gains and adding to a dismal week on one of Asia’s biggest bourses. The benchmark Hang Seng Index fell 0.52 per cent, or 136.50 points, to close at 26,312.63. Mainland Chinese markets were still closed for the...
Demand for face masks, hand sanitisers soars
KUALA LUMPUR: The rising fear among the public over the novel coronavirus (2019-nCov) has caused a high demand for surgical face masks and hand sanitisers over the last few days.
The EU’s Risky Green Taxonomy
European Union member states and the European Parliament are soon expected to adopt a so-called “taxonomy” for classifying green investments, after reaching an agreement last month on a list of “sustainable” economic activities. Once the new system enters into force, most likely this year, the European Commission will use this list to determine which financial assets and products are sustainable. This taxonomy is the backbone of the Commission’s regulatory package on sustainable finance, which has the ambitious goal of “reorient[ing] capital flows towards sustainable investment, in order to achieve sustainable and inclusive growth.” The Commission hopes that the new labelling scheme will address the problem of market players “greenwashing” non-sustainable financial products and serve as the basis for policy incentives to promote sustainable investment. To be fit for purpose, however, the taxonomy must address three important questions. Unfortunately, the EU’s one-dimensional approach disregards two of the three…
House Prices, Rent Dip In Nairobi As Landlords Become Less Demanding
House prices and rents in Nairobi dropped marginally for the year 2019, a new study by realtor HassConsult has revealed.According to the study, rents dipped by 2.1 per cent in Nairobi while those
5 things about India you probably didn't know before Friday's Economic Survey
The Survey highlighted that there are quite a few signals that the Indian economy may have bottomed out.
Economic survey: Slowdown bottomed out, uptick from here onwards, says CEA
The Economic Survey 2019-20, prepared by a team lead by Subramanian, has projected the GDP to expand in the range of 6-6.5 per cent during 2020-21
1% Bitcoin No Longer ‘Crazy’ for Portfolios, Says Morgan Creek CEO
Morgan Creek founder and CEO Mark Yusko says Bitcoin is one of the most asymmetric assets he has ever seen in his career as a fund manager.
Economic Survey 2020 to give roadmap for $5 tn economy
Coming at a time when India's nominal economic growth, not adjusted for inflation, has been the worst in 42 years, the Economic Survey, to be presented in parliament by around 12.30 pm, is hugely
'Devil is in the details': Oklahoma lawmakers react to Stitt's health care plan
Gov. Kevin Stitt announced Thursday his health care plan that involves expanding Oklahoma’s Medicaid program to cover able-bodied, working adults through a block grant. Here’s how Republican and Democratic leaders in Oklahoma’s House and Senate responded to the governor’s proposal. House Speaker Charles McCall, R-Atoka: “I appreciate the governor’s leadership. He wants to roll out what he feels like is an Oklahoma plan. That is what the Legislature wants as well. We want a plan that works for our people here in the state of Oklahoma. We prefer a plan that is not a federal, crammed-down program, a one-size-fits-all, cookie-cutter approach to health care. I am very encouraged by the initial comments we heard.
GM brings Hummer back to life – as an EV truck
GMC Hummer EV will make its official debut at the Detroit-Hamtramck plant in May.
Nexus guarantees European prices ahead of Brexit
Nexus Collections is freezing all prices ahead of the UK leaving Europe on 31st January, 2020. Any potential increased costs in terms of products, delivery or overhead that are a direct result of Brexit will be absorbed by Nexus Collections, a leading supplier of conference bags and conferences supplies. As a leading provider of conference supplies, such as bags and promotional items, including sustainable goods, Nexus Collections sources products from a number of destinations and delivers them to countries all over
Eurozone economy barely grows in Q4 as France, Italy shrink
BRUSSELS — The eurozone economy, made up of the 19 countries that use the euro, barely grew in the final quarter of 2019 as both France and Italy contracted, official figures showed Friday. In its first estimate for the quarter, statistics agency Eurostat said the eurozone grew by only 0.1% from the previous three-month period. …
Oklahoma business briefs for Jan. 31, 2020
OERB hits training milestone The Oklahoma Energy Resources Board has trained 17,000 teachers to use free energy curricula the organization offers to promote oil and gas-related science, technology, engineering, math and arts skills to their students, it has announced. Officials said the organization celebrated reaching that milestone as part of a workshop it held this month for more than 100 teachers at Cushing High School. The organization hosts 14 workshops to train teachers interested in using its curricula annually. Participating teachers receive free supplies associated with each course, plus a $50 stipend for attending the workshop.
Why Followers Left “Pastor” Murkomen’s Church
The current senator of Elgeyo Marakwet county lost followers at a church he served as a pastor due to...
Tax rule changes mean millions of people will get an extra £104 a year from April
31 million people will see some extra cash in their accounts
Rural students spend more than urban counterpart on books, stationery, uniform: Eco Survey
As per the Economic Survey 2019-20 tabled in the Parliament by Finance Minister Nirmala Sitharaman, the absence of suitable financial support system and high burden of course fee, especially in higher education, pushes the poor and underprivileged out of the education system.
Greater support for people in mental health crisis
30 January 2020
Eco Survey has right vibes; will Budget reflect same thinking, asks D-Street
Here is what economists and analyst read into the fine prints of the survey.
Franco-British trade: Brexit and the uncertain future of the Entente Cordiale
Right now, the European Union is the UK's largest trading partner, with France and Britain in particular enjoying extremely close economic ties. But can that continue post-Brexit? With the nature of…
Macy's tech workers are afraid of losing their jobs as office closings remain unclear
A spokesperson for Macy's told Business Insider that it plans to share details of its three-year strategic plan at an investor day in early February.
Highlights of CEA Subramanian press meet on Economic Survey: from 'wealth creation' to ‘Thalinomics'
Mr. Subramanian stressed that India’s aspiration to become a $5 trillion economy depends critically on promoting “pro-business” policy and moving away from “pro-crony” policy.
Market Wrap, Jan 31: Sensex tanks 190 pts, Nifty below 12K ahead of Budget
State Bank of India posted a 41 per cent year-on-year growth in the standalone net profit at Rs 5,583 crore - its highest ever quarterly net profit-- for the December quarter of FY20
Teens Find a Big Loophole in the New Flavored Vaping Ban
The policy allows mint, dessert and fruit flavors to continue to be sold in disposable e-cigarettes, prompting many teens to switch from Juul to those devices.
Musk says Tesla is closing in on the 400-mile range mark
According to Musk, Tesla's battery cell technology has improved and is improving at such a rate, that it won't be much longer until it launches a 400-mile range Model S
QFMA to further boost Qatari capital market: CEO
The Qatar Financial Markets Authority (QFMA) is working to further improve the performance of Qatar’s capital market, which has previously been ranked among top 10 financial markets in the world in various indicators related to measuring capital market performance.
IGR: 36 States, FCT record N986.29bn in 9months
The 36 States of the federation and the Federal Capital Territory (FCT) recorded Internally Generated Revenue (IGR) of N986.29 billion in...
Megallan Midstream reports weaker net income for fourth quarter, year over year
TULSA — Market-to-market commodity-related adjustments pushed Magellan Midstream Partners’ net income lower in the final quarter of 2019, the company reported on Thursday. Before markets opened, the company reported it earned a fourth-quarter net income of $286.4 million, or $1.25 per unit, on total revenues of about $740.7 million. In the fourth quarter of 2018, it had earned a net income of $314.1 million, or $1.38 per unit, on total revenues of about $865.7 million. Company officials said Magellan’s distributable cash flow for the fourth quarter of 2019 was a record $357.8 million, compared to $302.4 million the same period the previous year. As for the full year, Magellan reported a net income of about
Short-term labour shortages on cards for Suffolk and Norfolk farms post-Brexit
East Anglia's farmers are set to count the cost of Brexit with a labour squeeze and higher costs - although there will be opportunities to develop stronger domestic supply chains, a report suggests.
High-ly potential commodity? Lawmaker from conservative PKS party suggests Jokowi administration should export marijuana
Might we be looking at the dawn of weed legalization in Indonesia?
Is India's GDP growth overstated? Economic Survey counters Arvind Subramanian, others
Beginning from Arvind Subramanian, several economists and international agencies have raised doubts over India's GDP growth rate figures in past one year. The Economic Survey 2020-21 rejects the charge.
Triodos Bank CEO: 'Bankers should be eco-warriors'
Presenting at the Bristol Distinguished Address Series, Dr Bevis Watts, chief executive of Triodos Bank UK spoke on the essential role banking must play in driving action on climate change.
It’s Brexit day – now comes the really hard stuff
After more than three years of often acrimonious politicking, the UK will finally leave the EU at 23:00 GMT this evening, but that’s by no means the end of the matter.
CBR preview: Dealing with more uncertainties – Nordea
Analysts at Nordea Markets expect the Central Bank of Russia to leave its key rate unchanged at 6.25% at its meeting next Friday but maintained their
Economic Survey 2020 pushes for privatisation of education, flexible labour laws
Economic Survey 2020: Survey calls for increasing literacy levels rapidly through institution of more schools and colleges; vouches for important policies that boost ease of doing business
Cutting down waste: Jakarta's traditional markets to drop single-use plastic bags by July
As an alternative, vendors are expected to educate and provide their customers with ecofriendly bags.
Chinese envoy to UN: Confirmed coronavirus cases in China at 9,809 with 213 deaths
The total number of confirmed coronavirus cases in China stands at 9.809 with a death toll of 213, China's Permanent Representative to the UN, Zhang J
This Is the High Cost China Is Paying for Copying a Stolen Su-33 Russian Jet Fighter
A bad copy.
Need to address key challenges in farm sector for doubling farmers' income: Survey
Issues such as investment in agriculture, water conservation, improved yields through better farming practices, access to market, availability of institutional credit, increasing the linkages between agricultural and non-agricultural sectors need urgent attention, it said.
Millennials Aren’t Spending All Their Money on Avocado Toast, Actually
They are burdened by student loans, but new data shows they have saved more for retirement than Gen Xers did at the same age.
Economic Survey: Need to address challenges in farm sector to double income
The food processing sector is growing at an average annual growth rate of more than 5 per cent over the last six years ended 2017-18, it added
Buy the Bloodshed in Twitter Stock After the Q4 Earnings Release
Twitter stock tumbled badly following the underlying company’s Q3 earnings report and unfortunately, Q4 may not be so hot either. But there are enough positives in this story to warrant a contrarian mindset.
Bicycle, walking paths big parts of $12M Salem Avenue upgrade, public hears
DAYTON — Dozens of Dayton residents turned out to learn more about the city's plan to spend $12 million to redo Salem Avenue, a three-phase project scheduled to begin in 2021.
Volcanic earthquakes, magmatic activity in Taal Volcano – Phivolcs
The Philippine Institute of Volcanology and Seismology (Phivolcs) continues to monitor activities of the Taal Volcano after recording several volcanic earthquakes which signify magmatic activity.
Eurozone Preliminary CPI rises 1.4% YoY in Jan, meets estimates
According to Eurostat’s flash reading of Eurozone CPI report, the annual reading came in at +1.4% in October, meeting expectations of +1.4% and +1.3%
Greta Thunberg seeks to trademark her name to stem misuse
STOCKHOLM (Reuters) - Teen climate activist Greta Thunberg said on Instagram on Wednesday she has applied to register her name and that of the Fridays For Future movement she founded in 2018, which has gone global and catapulted her to international fame.
Economic survey predicts GDP to be between 6 and 6.5%, wants government to deliver expeditiously on reforms to revive growth
The Economic Survey 2019-20 tabled in the parliament on Friday predicted the GDP growth between 6% and 6.5% in the fiscal year starting 1 April.
Eurozone Preliminary GDP arrives at 0.1% QoQ in Q4, misses estimates
The Eurozone economy eased its pace of expansion at 0.1% on quarter in the three months to December of 2019, missing +0.2% expected, the first estimat
Social workers are not useless, irrelevant
Social workers like any other professionals play a pivotal role in mentoring and skilling the youth at both micro and macro levels
India must focus on network products to export like China: Economic Survey
Among the major Asian countries, India and Indonesia are the only ones with a trade deficit in such products
SBI profit jumps 41 per cent to Rs 6,797 crore in Q3 on lower provisioning
On a standalone basis, SBI's net profit jumped 41.2 per cent to Rs 5,583.36 crore in the third quarter of the current fiscal compared to Rs 3,954.81 crore during the corresponding October-December period in the same period a year ago.
New coronavirus outbreak affects tourism in Canada
Tour companies and hotels in destinations popular with Chinese tourists are starting to see cancellations after a new form of virus that has led to mass quarantines and 170 deaths in China.
LG lost over $850 million through its Mobile Division as sales fall in 2019
LG has recently revealed its financial report for the Q4 of 2019. In the final quarter, the company saw a massive loss as its mobile division continues to deteriorate in the smartphone industry. According to the report, the South Korean tech giant saw a loss of over $850 million in Q4 of 2019 as sales …
Companies' Sensex tenure pared by 80% post liberalisation: Economic Survey
Higher dynamism has helped the emergence of new firms which have challenged the old order, survey notes
It stifles freedom: Economic Survey cautions Modi govt against excessive intervention in market | 10 points
The Economic Survey has said govt interventions often result in undermining the market's ability to support wealth creation and lead to outcomes which are opposite to those intended.
Economic Survey 2020: Need to address rising food bill, revisit PDS rates
The food subsidy bill has increased from Rs 1,13,171.2 crore in 2014-15 to Rs 1,71,127.5 crore in 2018-19, it said adding that the reasons for widening of the food subsidy have been many
Americans spent at slowest pace in 3 years in 2019, threatening powerhouse of US economy
Consumer spending is closely watched because it drives about two-thirds of gross domestic product. But there are signs that households are start...
Tech Mahindra Q3 net profit slips 5% YoY to Rs 1,146 crore, revenue up 8%
In constant currency terms, revenue grew 4.3 per cent. In US dollar terms, revenue rose 5.1 per cent to $ 1,353 million.
Explained: The ugly truth about India’s adherence to the FRBM Act
By completely ignoring Revenue Deficit, and only focusing on containing Fiscal Deficit, the government has ensured that the FRBM Act now hurts growth – which is exactly opposite of what fiscal consolidation was supposed to do.
Amazon CEO Jeff Bezos added $13.5 billion to his fortune in 15 minutes
Jeff Bezos may have been the only ultra-wealthy billionaire who failed to get richer in 2019, but he’s making up for it in 2020.
Sexual Abuse Reports From Illinois’ Catholic Dioceses Are Still Missing A Lot of Data — ProPublica
ProPublica’s “Credibly Accused” database lists names and info of abusers currently or formerly in the ranks of U.S. Catholic dioceses. Here’s a rundown on Illinois.
Sterling extends gains after BoE keeps rates on hold
LONDON, Jan 31 — The British pound extended its rally today for a second consecutive day following the Bank of England’s decision to keep interest rates steady on signs of a post-election pick-up in growth. But analysts said the rally may be short lived. The United Kingdom exits the European...
BofA sees Eskom among risks to spoil brief SA rally
'Investors are getting impatient and are looking for opportunities elsewhere' – investment strategist.
The Flippening: Stablecoins’ Transfer Value On The Ethereum Network Just Surpassed ETH
Stablecoins now have a larger share of value transferred on the Ethereum network than its native cryptocurrency – ETH. Even though the continuously
Fueling future Kiwi generations' fuel needs - Hiringa and Waitomo
Innovative Kiwi energy companies Waitomo Group and Hiringa Energy have announced their intentions to work in partnership to develop New Zealand’s first nationwide hydrogen refueling stations network.
Where is coronavirus in the UK and how many people have it?
Here's what we know so far...
Canada lags behind peers in doctors per capita, but average in physician visits
TORONTO — Canada lags well behind all but the United States among 11 of the wealthiest nations when it comes to the number of doctors per capita, a new report indicates.The analysis by the . . .
Swiping their way higher: Visa, Mastercard could be the next US$1 trillion companies
Tech and internet titans were the first to reach US$1 trillion in stock market value, but the next U.S. companies that could do so are better ...
Pound-to-New Zealand Dollar Rate Risks Correction as RBNZ Shifts into "Neutral" Gear
The British Pound Sterling vs the New Zealand Dollar: Latest GBP/NZD News and Analysis
POLITICO Global Translations: Corona spreads, Britain retreats as the planet heats
Presented by
A labor attorney explains the work rules around getting sick in the office, whether you’re facing a small cold or the coronavirus
With the outbreak of coronavirus dominating headlines, it is a great time to dust off the company policy on dealing with flu season and infectious diseases in the workplace. Contagious diseases are particularly troublesome subjects for companies, as there’s a wide variety of circumstances and cultures on the wisdom of working through a sickness. Some managers reward employees who “tough it out” and show up under the weather, while other company cultures encourage sick employees to work from home or stay away altogether.
Digital Nomads: 7 Reasons Why the Future of Work is Remote
Perceptions about the workforce of the future are changing as fast as the technology powering it.
Economic Survey's Thalinomics suggests meal more affordable for common man
The survey states that across India and also the four regions -- North, South, East and West -- it is found that the absolute prices of a vegetarian thali have decreased significantly since 2015-16 though the price has increased in 2019.
Nintendo boss shuts down Switch Pro rumours: “We have no plans”
Despite rumours of Switch Pro mass production starting soon, Nintendo President Shuntaro Furukawa claims it's not happening in 2020
Avery, Watauga County Schools close due to worsening weather conditions
Watauga and Avery County Schools are dismissing early Friday due to deteriorating weather conditions.
The Explainer: How worried should we be about the coronavirus in Ireland?
On this week’s podcast, our experts fill you in on everything you need to know.
Will house prices drop after Brexit?
What will the impact be?
Municipalities approve Eneco takeover by Mitsubishi despite WWII history
A majority of Eneco's shareholders approved the sale of the energy company to Japanese companies Mitsubishi and Chubu. Now that the municipality of Rotterdam has given the green light, the holders of
NCDMB, Rungas to establish cooking gas cylinder plant in Bayelsa
The Nigerian Content Development and Monitoring Board, NCDMB, yesterday, said it has entered into partnership with Rungas Prime Industries
Coronavirus Outbreak Sends European Stock Markets Into Tailspin
On Monday, US stocks posted their biggest downturn since October 2019 due to fears of the economic impacts of the new SARS-related virus that recently emerged in central China.
Egypt's population nears 100 million, putting pressure on resources and jobs
CAIRO (Reuters) - Sitting in her sister’s apartment on a noisy Cairo street, Rania Sayed one day hopes to leave a city that is becoming more congested as Egypt’s population ticks up to 100 million, a milestone it will pass next month.
Amazon's Jeff Bezos, already the wealthiest person on the planet, just got billions richer
Jeff Bezos, the world's richest person, got billions richer in minutes Thursday as Amazon shares soared in extended trading on news of a killer quarter driven by strong holiday sales.
November GDP beats expectations, but... – RBC
According to Josh Nye, Senior Economist at Royal Bank of Canada (RBC) Economics, a modest upside surprise in November GDP does little to change the na
Summer start for new Cloongullane Bridge
MAYO County Council is expected to appoint a contractor for the new Cloongullane Bridge between Swinford and Foxford in May, with work on the €2.5 million project to start in early summer.
Turkey, Lithuania ink economic protocol for greater trade, investment ties
Turkey and Lithuania on Friday signed a protocol for the Economic and Trade Committee JETCO that will pave the way for further expansion of bilateral...
Survey suggests scrapping of 'anachronistic' Essential Commodites Act 1955
"As the conviction rate, however, is abysmally low and raids have no impact on prices, the ECA only seems to enable rent-seeking and harassment. The Survey provides clear evidence that the case for jettisoning this anachronistic legislation is strong," the document said.
Nintendo says no new Switch in 2020
Japanese gaming giant Nintendo said Friday there would be no fresh model of its hot-selling Switch console this year, dashing the hopes of fans ...
Truth about Trump economy
Trump may be a good president for the top 1% but he has not been good for everyone else COMMENT | JOSEPH E. STIGLITZ | As the world’s business elites trekked to Davos for their annual gathering, people should have been asking a simple question: Have they overcome their infatuation with US President Donald Trump? …
Draft bill could penalize companies for using end-to-end encryption
Politicians would limit privacy in the name of protecting children.
Bitcoin Will Be $8 Trillion Economy by 2030, Top Wealth Manager Explains Why
Bitcoin could become an $8 trillion asset by 2030, according to Andy Edstrom of California-based WESCAP Group. The wealth manager said the cryptocurrency
Fidelity Bank reports a 28.5% increase in profit for FY 2019
Earlier today, Fidelity Bank Plc announced its unaudited financial reports for the period ended December 31st, 2019.
Unclaimed dividends increase from N103b to N130b in 2019, returns to public companies ─SEC
Registrars of public companies in Nigeria have returned all unclaimed dividends, which have been in their custody for 15 months and SEC
Ferry contract awarded to Polish shipbuilder that built Salish-class vessels
B.C. Ferries has awarded Remontowa Shipbuilding of Gdansk, Poland, a $92.3-million contract to build an additional liquefied natural gas-fuelled ferry to be delivered in 2022.The new vessel, which . . .
Economic Survey 2020 calls for better efficiency at public sector banks
For FY19, PSBs had made a collective loss of Rs 66,000.
Why Did the Coast Guard Sail Right by Taiwan and China in 2019?
A good idea?
A positive, but cautious outlook for M&A activity in 2020
After recent surges in activity in 2018 and 2019, New Zealand’s M&A activity is expected to slow down in 2020, with processes taking longer, and some deals failing to complete.
Statistics Canada says GDP edged up 0.1 per cent in November
The Canadian economy edged higher in November, reversing most the decline seen in October, as cold weather helped boost the utilities sector and the construction and retail sectors also gained ground.
It may be controversial but the Huawei 5G deal is vital for Brexit Britain’s trading future ǀ View
If Johnson succeeds, Brexit Britain will be one of the few places in the world with preferential trade with the world’s two superpowers. The battle lines in the US-China trade war mean any country that is on good trade terms with both will have an almost unique competitive advantage.
Bosnians collect donations for quake victims in Turkey
Citizens of Bosnia-Herzegovina joined the relief efforts being carried out for the victims of the deadly earthquake that hit eastern Turkey last...
Hawaiian Airlines posts earnings jump while keeping eye on China virus | Honolulu Star-Advertiser
Hawaiian Airlines’ earnings soared 57.2% in the fourth quarter despite increased capacity that included additional competition from newcomer Southwest Airlines.
Budget 2020: The inclusive growth of the country
Sunil Khosla Head Digital Business, India Transact Services Limited "Considering the current ecosystem in the country, the annual financial budget 2020 is much awaited and expected to relieve most of the financial segments."
Wars and viruses: Are robots less prone to market panic?
LONDON (Reuters) - Widely blamed for volatile “flash crashes” in currencies and equities, high-frequency algorithms may also be why shock global events, including the current coronavirus, seem to have lost their power to spook markets for any length of time.
Neither icing nor a cake – Rabobank
Analysts at Rabobank offered a review of Friday's Eurozone GDP figures, which showed that the economy grew by 0.1% q-o-q in the fourth quarter of 2019
LOOK: Durban's new R300m promenade 'already cracking'
Less than two months after being opened amid fanfare, the newly extended section of the promenade is already cracking and ...
As we head out, can you cash in? Old 50p coins marking Britain JOINING the EU can sell for up to £100 thanks to Brexit
Since the 1970s, the Royal Mint has released a number of seven sided coins marking our membership in the bloc. One of them from 1992 is rare and worth a mint.
India bans export of all kinds of respiratory masks
The move assumes significance as there could be a spurt in demand for personal protection equipments due to coronavirus outbreak.DGFT also bans imports of stock lot papers
Turkey's 2-year benchmark bond yield drops to single digits
The two-year benchmark bond yield has fallen to single digits for the first time since November 2016
Jubilant Brexit backers descend on Parliament for 'most exciting moment of their life'
A PA called Clare in Parliament Square said she had "never looked forward to something as much as this, ever" while a businessman called Jeff dressed as a crusader because it's "patriotic"
Economic Survey: Wilful defaulters owe Rs 1.4 trillion to lenders
The Economic Survey, tabled in the parliament on Friday, has revealed that the wilful defaulters owe a whopping sum Rs 1.4 lakh crore. As of 2018, wilful defaulters owed their respective lenders
Tucker Carlson: Trump's impeachment trial is essentially a bad reality TV show – or an episode of ‘The View’
It's okay if you mix up footage of Trump's impeachment trial with the theatrics of "The View."
'The infected are coming' Wuhan evacuees share journey home on Instagram
Passengers that have touched down at RAF Brize Norton will now spend 14 days in quarantine on the Wirral.
Bitcoin Price Pulls Back to $9.2K, BTC Realized Cap Hits All-Time High
Bitcoin price hitting a 3-month high on rising volume hints at a bullish trend that puts $10K within reach.
GE Keeps Proving The Doubters Wrong
GE posted better than expected earnings and cash flow in the fourth quarter of 2019. Management expects free cash flow to rise to between $2 billion and $4 billion in 2020, despite headwinds from asse
Steel & Tube expecting large first half loss
One of the the country's largest steel manufacturers says adverse trading conditions will result in a large first half loss. Steel & Tube warned in November that its first half result would be less than last year's profit, but conditions were worse than expected, further impacting sales revenue and volumes. It was now forecasting a loss in underlying EBIT (earnings before interest and tax) of between $36 million and $37m in the six months to December, compared with a $9.8m underlying profit the year earlier. The result included non-cash charges of $37m related to a write-down in the company's goodwill, as well as $2m in restructuring costs and $2m in debt write-offs. The bottom line would be further affected by another $2m to $3m charge resulting from changes in tax accounting.
9 years of war turn Syria's Maaret al-Numan into a ghost town
Once the throbbing heart of the uprising against Bashar Assad's regime, Maaret al-Numan is now an eerie ghost town where few buildings have been spared by...
I would have classified the banks into three Tiers - Mahama
news, story, article
Explained: What is Economic Survey’s strategy for boosting wealth creation?
Economic Survey reiterates PM Narendra Modi's call for increasing “wealth creators” in the economy.
Global thermal coal prices to fall following coronavirus outburst in China
Thermal coal imports into China are also likely to slow for a time. Already there are reports of Indonesian coal producers being asked to delay loadings. As the largest supplier of coal to China, Indonesia has the most to lose if the situation worsens and electricity demand weakens.
Economic Survey maintains $5 trillion aim, but can’t avoid references to Great Indian Slowdown
The annual document barely seems to acknowledge that the Indian economy is in the doldrums.
HUL reshuffles top management team
Prabha Narasimhan would replace Priya Nair, currently Executive Director - Home Care who moved as Executive Director - Beauty and Personal Care, the FMCG major said in a statement. Nair will take over from Sandeep Kohli, who will relocate to Dubai as VP – Beauty & Personal Care for our North Africa, Middle East, Turkey and Russia markets, it added.
Bitcoin Price Pulls Back to $9.2K, BTC Realized Cap Hits All-Time High
Bitcoin price hitting a 3-month high on rising volume hints at a bullish trend that puts $10K within reach.
Tax rule changes will see millions handed an extra £104 from April
31million people will see a cash boost - this is why
Market movers: Stocks that saw action on Friday - and why
A roundup of some of the North American equities making moves in both directions today
Kilbowie outdoor centre closure agreed by North Lanarkshire Council
The residential facility, which provides outdoor education for Primary Seven groups, is to shut in 2020-2021.
GDP growth for 2018-’19 revised downwards to 6.1%
Earlier it was estimated to be 6.8%. However, slowdown in mining, manufacturing and farm sectors forced the National Statistical Office to change the figures.
Thunberg puts climate activist Nakate in media spotlight
Greta Thunberg puts Africa’s climate activists in media spotlight Stockholm, Sweden | AFP | After a racism debate in Davos on the invisibility of African climate activists, Greta Thunberg held a press conference Friday with eco warriors from Kenya, Uganda and South Africa to stress the importance of their voices. Vanessa Nakate of Uganda was …
Wipro CEO And MD Abidali Z Neemuchwala To Step Down Due To Family Commitment
The Wipro Board of Directors has also initiated a search to identify the next Chief Executive Officer
What will happen to the Pound after Brexit?
Just what will happen to the exchange rate?
Slowdown bottomed out, GDP expected to grow at 6.5 per cent: Chief Economic Adviser
The Economic Survey has projected the GDP to expand by 6-6.5 per cent
Canada’s economy bucks forecasts, posts surprise gain
Statistics Canada says GDP grew by 0.1 per cent in November despite impact of rail strike, pipeline disruption; economists had expected no increase for the month
Eaton maintains its B-BBEE Level 1 status
Eaton has maintained its B-BBEE Level 1 status for the third year in a row setting the lead amongst the top power management companies in South Africa.
Nairobi-based lobby urges Treasury to rescind decision on implementation of turnover tax
NAIROBI, Kenya, Jan 31 – A Nairobi based lobby group representing small traders has appealed to the Ministry of Treasury to halt the implementation of the Kenya breaking news | Kenya news today |
Insolvency law reduces resolution time for stressed assets to 340 days: Economic Survey
The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for market-linked and time-bound resolution of stressed assets. The survey, tabled in the Parliament on Friday, also said resolution under the Code has been much higher as compared to other processes.
Minister expects negotiations with UK on free trade deal to be advanced
The Minister for Trade believes New Zealand can negotiate a free trade deal with the UK by the end of the year. At noon tomorrow, the United Kingdom's 47-year relationship with the European Union (EU) will end - three and a half years since Britons voted in a referendum to leave. But with another year of negotiations ahead as they finalise the fine print of the exit deal, it's not yet clear what the effects for New Zealand will be. Minister David Parker told Morning Report New Zealand was ready to start negotiations as soon as the United Kingdom was ready. "Their first priority will, of course, be the European Union, because that's their largest and closest trading partner but the prime minister Jacinda Ardern reaffirmed with Boris Johnson that we're ready to start trade renegotiations with them for their post-Brexit trade relationship with New Zealand in the near future.
Buy Now, Pay Later Platform Klarna Launches In Australia, Takes Swipe At Afterpay
There's another service that lets you buy products and pay for them later. Klarna launched on Thursday in Australia in partnership with the Commonwealth Bank – and it's not shy in telling retailers why they should adopt it rather than Afterpay....
Corporate tax cut to mostly benefit less than 1 pc of companies: Survey
The corporate tax cut announced by FM last Sept will benefit less than 1 pc of firms, as per Economic Survey.
Spread some of the infrastructure spending wider
An increase in central government’s contribution to local authority roading costs should be a priority for some of the $4 billion in unallocated infrastructure spending the Government still has up its sleeve, Federated Farmers says.
FG targets $150 billion revenue from Zero-oil plan
FG has disclosed that it is targeting additional $150 billion to the foreign reserves in the next 10 years through its zero-oil plan.
China banks borrow from SARS playbook in preparation for market reopening
SHANGHAI: Chinese financial firms will deploy measures used during the SARS outbreak nearly two decades ago to combat the new virus when markets ...
Shell and TransDiesel to Partner in NZ
31 January 2020
Egypt's population nears 100 million, putting pressure on resources and jobs
Sitting in her sister's apartment on a noisy Cairo street, Rania Sayed one day hopes to leave a city that is becoming more congested as Egypt's population ticks up to 100 million, a milestone it will pass next month. Like many others, she wants to move to one of the new satellite settlements
GDP growth expected to strongly rebound to 6-6.5% in FY21: Economic Survey
India's economic growth is expected to "strongly rebound" to 6-6.5 per cent in 2020-21 from 5 per cent estimated in the current fiscal, the Economic Survey said on Friday, adding that the government with a strong mandate has the capacity to expedite reforms.
Wall Street opens in red as coronavirus headlines continue to dominate
Wall Street's n indexes started the last day of January in the negative territory as investors continue to react to heightened concerns over the coron
Omo-Pick-A-Box Host Lorna Irungu; Where Is She Now?
The show was one of the most-watched every Sunday. Lorna Irungu was one of the hosts and...
A little-known trucking company surges nearly 58% after Volkswagen makes a surprise offer to buy
Hardly a household name, truck manufacturer Navistar’s stock rose to sudden popularity Thursday, continuing into Friday’s pre-market trading. Shares surged as much as 57.7% Friday after Volkswagen’s trucking arm, Traton, made an unsolicited offer to buy the company for $US2.9 billion, or $US35 per share, Thursday. Volkswagen, which already owns a 16.76% stake in Navistar, said it would pay entirely in cash. The two companies are some of the biggest in the truck-making industry. But to make the acquisition, Volkswagen will have to get the blessing of activist investor Carl Icahn: The billionaire’s fund owns about 17% of Navistar’s outstanding stock, making Icahn Navistar’s single largest shareholder. The offer comes at a time when the broader trucking manufacturing industry is in a slump, with new orders in decline, The Wall Street Journal previously reported. In its most recent earnings, Navistar’s fourth quarter revenue declined versus the year prior. The stock started the year sliding downwards after it trailed…
ITC Q3 net profit rises 29% to Rs 4,047.87 cr; net sales up 5.71%
The company had posted a net profit of Rs 3,136.95 crore in the October-December quarter of the previous fiscal
Investment Implications Of Unravelling Of Post WW2 World Order: The Case Of Turkey
While the world is now accustomed to the likes of China challenging the post-WW2 world order, the challenge by smaller actors such as Turkey is something new.Multinationals, ranging from oil and gas p
Elon Musk just released an EDM track on Soundcloud
Elon Musk has never been afraid of exploring new territory and has today released his first electronic dance music (EDM) [...]
Chevron posts steepest loss in a decade after gas writedown
Chevron Corp. posted its biggest loss in a decade after it wrote down the value of North American natural gas fields and returns plunged from overseas refining and oil production.
A labor attorney explains the work rules around getting sick in the office, whether you're facing a small cold or the coronavirus, Business Insider - Business Insider Singapore
Business Insider - Generally, an employer can require a sick employee to leave work — but those employees won't always be required to get paid.. Read more at businessinsider.sg
Lipper U.S. Weekly FundFlows Insight Report: Funds Suffer Net Outflows For The First Week In Six
Money market funds suffered net outflows of $11.6 billion.Fixed income funds took in $6.1 billion of net new money.Equity funds had net negative flows of $6.6 billion.
Economic Survey links infrastructure with social reforms to boost growth
The Survey suggested interlinking electricity supply with health and education
Exclusive: Japan's Nidec bets on electric cars and acquisitions to treble sales: sources
TOKYO (Reuters) - Japan’s Nidec Corp (6594.T) plans to more than treble its revenue over the next five years by focusing on electric vehicle powertrains and buying specialists in motor technologies, two people familiar with the matter told Reuters.
Economic Survey's GDP growth forecast for FY20 wide off projection
It is for the second consecutive time that NSO's GDP estimate is significantly lower than the projection made in the survey prepared by the finance ministry
Vedanta Q3 PBT at Rs 3,806 cr, up 9.4% on lower costs, exceptional gain
Sales down 10% to Rs 21,126 cr mainly due to lower commodity prices, muted volumes in zinc, oil & gas and copper
Suncorp Says 'Unprecedented' Catastrophes Will Drive Reinsurance Recoveries
Australian primary insurance giant Suncorp has referred to an unprecedented start to the season for catastrophe losses this morning, saying that it now expects to make recoveries across its reinsuranc
Thalinomics suggests meal more affordable for common man
The survey states that across India and also the four regions -- North, South, East and West -- it is found that the absolute prices of a vegetarian thali have decreased significantly since 2015-16 though the price has increased in 2019.
Switch Online reaches 15 million paid accounts as Nintendo worries about 'those who do not renew their memberships'
In the most recent corporate management policy briefing for the fiscal year ending in March 2020, we get a tiny little update from Nintendo president Shuntaro Furukawa on the state of the Switch Online service. Surprisingly, it's a lit...
Books industry needs investors – GPA
news, story, article
How the desk job could lead to permanent damage to your health
Alex Wilkins, iHASCO, highlights the hidden hazards in the workplace that could result in permanent damage to your health
Amazon set to break record for one-day gain in market cap
Amazon could set a new mark for the biggest single-day gain on record for a US company.
US consumer spending cooled last month, core prices picked up
Income growth in the US slowed to 0.2%.
Economic Survey raises more questions than answers for pharma industry
Economic Survey 2019-20: The pharma industry is left in a fix after the Economic Survey 2020 came out today. Here's all you need to know
Cases Involving Rs 1.58 Lakh Crore Resolved By IBC Till December; Resolution Time Slashed By 340 Per Cent
The Insolvency and Bankruptcy Code (IBC) has resolved cases worth Rs 1.58 lakh crore till December 2019 and the resolution time for each case has reduced from 4.3 years to less that a year, the Economic Survey 2019-20 has noted [PDF].
India Set to Move Towards Chinese Model to Expand Exports, Create Jobs
New Delhi (Sputnik): The Indian Finance Ministry has been trying to attract investments from foreign companies into India. The cut in corporate tax rates came as a push to attract investments by technology companies looking for avenues outside of China, amid Beijing’s ongoing trade war with Washington.
Why is there an uptick of human trafficking during major events?
Human trafficking can occur at any time and at any place throughout the world, but major festivals and events including the Super Bowl are known to result in an increase of human trafficking activity. ...
Spread some of the infrastructure spending wider, Feds urges
An increase in central government’s contribution to local authority roading costs should be a priority for some of the $4 billion in unallocated infrastructure spending the Government still has up its sleeve, Federated Farmers says.
Ukraine court puts freeze on Ferrexpo unit's shareholding – media
Ferrexpo's operations remain unaffected and continue as normal.
Wipro stocks fall over two per cent after CEO Neemuchwala steps down
MD Abidali Z Neemuchwala will continue to hold the office of the CEO and Managing Director, until a successor is appointed for a smooth transition.
In the streaming wars, everyone is winning
Apple, Netflix, Disney, and Amazon can all claim success in the video streaming wars, thanks to each company's individual goals.
It would be a mistake for Malaysia to raise locally assembled vehicle prices – German ambassador
BMW Malaysia exports the G30 520i to the Philippines Last week, the automotive industry received confirmation from the finance ministry that there will be
These were the best performing ASX 200 shares last week
The Link Administration Holdings Ltd (ASX:LNK) share price and the ResMed Inc. (ASX:RMD) share price were amongst the best performers on the ASX 200 last week...
5 Great Tech ETFs That Aren’t the XLK
When it comes to tech ETFs, the XLK rules the roost. But there are other ETFs in the sector that gives it a run for its money.
What will actually change after the UK leaves the EU on Brexit day?
The UK is leaving the EU this evening after three-and-a-half years of political upheaval. Here's what will actually change.
Post-fire losses darken days for light bulb maker - VnExpress International
Light bulb maker Rang Dong, whose Hanoi warehouse was gutted by a fire, has reported Q4 losses of almost VND36 billion ($1.5 million).
Assault suspect identified
RCMP have identified a suspect linked to seven alleged sexual assaults that have occurred in Coquitlam's Glen Park over the last few months.
Economic Survey 2020: Red-tape still strangles Indian manufacturing
Economic Survey 2020 updates: Ease of doing business in India seems like a far fetched dream as of now due to the huge number of licenses and approvals needed to run a business. Here's all you need to know
Aston Martin bailed out by Canadian F1 billionaire
Aston Martin has been rescued from collapse by a US$656 million bailout led by a Canadian Formula 1 billionaire.
‘Private Messages of Support’ Are ‘White Supremacy,’ Says Social Justice Activist
Race2Dinner co-hostess makes stunning tweets
One of the emergency hospitals Wuhan is panic-building is looking close to completion. Watch a live feed of the construction here.
One of the emergency hospitals China is panic-building in Wuhan in response to the deadly coronavirus appears to be close to completion.
FCA Flags Capital International Management Company
The FCA regulator has warned against Capital International Management Company, a clone of European Economic Area (EEA) authorised firm.
The True Number Of Coronavirus Victims Is Far Larger Than You Are Being Told
It is becoming exceedingly clear that the number of confirmed cases is also much lower than it should be
Lockheed Martin Can Keep Flying Higher in 2020
The defense titan has had a great five-year run, but its year-end earnings results and forecast suggest there is potential for further growth.
Preeminent hospitals penalized over rates of patients’ injuries
Hundreds of hospitals across the nation, including a number with sterling reputations for cutting-edge care, will be paid less by Medicare after the federal government pronounced that they had higher rates of infections and patient injuries than others.
French Connection shares plummet after failure to secure buyer
The retailer saw shares slide by almost a third after it said it was set to post between £1 million and £2 million in losses for the year.
One of the emergency hospitals Wuhan is panic-building is looking close to completion. Watch a live feed of the construction here.
The Wuhan Huoshenshan Hospital is due to open February 3, and the Leishenshan Hospital is due to open February 5.
Opposition lingers in Shinhan’s Orange Life merger
Shinhan Financial Group’s plans to merge Orange Life Insurance with its wholly owned life insurance unit seemed to have been working out smoothly. However, trouble persists as minority shareholders continue to demand an increase in their dividend payouts. Small shareholders of Orange began making the demand after teaming up with civic activist group the Korea Stockholders Alliance in November, but Shinhan refu...
Core sector output shows growth after contracting for four months
The rebound signals that the economy may have bottomed out in the second quarter and may see revival in the third quarter. The news should come as relief for the government ahead of the Budget and may dispel fears surrounding the Indian economy slipping into stagflation.
Upswing expected in SA’s ICT spending in 2020
Despite SA’s subdued economic outlook, technology has a massive part to play in the country’s growth in the future, with ICT spending to reach R393 billion in 2020, says the IDC.
MTN Group to sell 14% of its Nigerian business
MTN Group says it is looking to reduce its majority shareholding in its Nigerian subsidiary by 14%, hoping to raise $4 billion from the sale.
Amazon Crushes Earnings, and Here's the Most Impressive Part
Amazon’s retail sales took flight even in soft consumer spending environment.
Gold Brexit commemorative 50p coins priced at £945 are a sell-out
The Royal Mint has been operating a queuing system on its website as people buy the new commemorative 50p coins.
Symptoms of coronavirus and how to protect yourself from getting sick
Including advice from the NHS and World Health Organisation.
Shrinking French and Italian economies hamper euro zone growth
Spectre of recession likely to mean more monetary easing by ECB
Roscrea ‘early years’ workers to join protest
Early Years Professionals at Little Learners community childcare service and First Steps Roscrea are supporting protest on February 5 organised by SIPTU
Economic Survey 2020: Why wealth creation was picked as this year's theme
Economic Survey 2019-20: Elaborating on India's historical dominance on the global economy, the survey stressed on the importance of bringing an openness in the market that leads to wealth creation
Aldi wants to open a new, bigger Newport store next to Sainsbury's - but the council will try to stop it
Sainsbury's have objected to Aldi's plans to open a new supermarket next door
Railways Approaches Finance Ministry to Relieve it of Pension Burden
This is not the first time that the railways has begged off its pension responsibilities, which eat into its earnings.
Contraction in domestic revenue growth softened IT-BPM sector growth in FY19: Survey
Of the total $135.5 billion of exports of the IT-BPM sector in 2018-19, IT services accounted for 55%, and BPM and software products & engineering services for the remaining 45 per cent (with each accounting for almost half of the share). The survey termed the Indian IT-BPM industry as the flag-bearer of India's exports over the past two decades.
Kobe Bryant’s Helicopter Wasn’t Authorized to Fly in Heavy Clouds: Report
New questions are being asked about the helicopter crash in heavy clouds that killed NBA legend Kobe Bryant and eight other people after it emerged that the company that owned the helicopter is not legally certified to allow its pilots to fly in conditions of reduced visibility that requires pilots to
Deribit to Offer Daily Bitcoin Options
Crypto derivatives platform Deribit will offer a daily Bitcoin index options to its client base.
Crews removing capsized ship hope to beat hurricane season
SAVANNAH, Ga. (AP) — The salvage team in charge of removing a cargo ship that overturned on the Georgia coast nearly five months ago wants to surround it with a...
British, EU level trade playing field possible but difficult: Irish PM
DUBLIN (Reuters) - There is scope for the European Union and Britain to agree to maintain equal standards in a future trade deal, but coming to such an agreement will be hugely difficult, Irish Prime Minister Leo Varadkar said on Friday.
China virus causes scare for India's smartphone makers
NEW DELHI (Reuters) - The coronavirus outbreak in China could start to disrupt India’s production of smartphones if it continues to spread in February, as it could delay component shipments, industry executives said.
One of the emergency hospitals Wuhan is panic-building is looking close to completion. Watch a live feed of the construction here.
One of the emergency hospitals China is panic-building in Wuhan in response to the deadly coronavirus appears to be close to completion.
Italy's Gualtieri: Government expects GDP to bounce back in Q1 after disappointing Q4
The Italian government expects the Gross Domestic Product (GDP) to bounce back in the first quarter of 2020 following the disappointing growth recorde
China's factory activity falls in January as Wuhan coronavirus fears grow
BEIJING: China's manufacturing activity slipped in January, official data showed on Friday (Jan 31), as the country grapples with a new virus that ...
General Motors to revive Hummer as an electric off-road titan
Hummer had been killed off in 2010, though the nameplate will be brought under the GMC brand for an electric revival
Satoshi Nakaboto: ‘We should be investing in blockchain, says Andrew Yang’
Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day.
Friday’s analyst upgrades and downgrades
Inside the Market’s roundup of some of today’s key analyst actions
Highways sector needs Rs 19.63 lakh crore investment by 2024-25: Economic Survey
Of the total Rs 102 lakh crore investment need for infrastructure projected by the National Infrastructure Pipeline (NIP), during 2020 to 2025, the highways sector will require Rs 19.63 lakh crore, the Survey said.
Red-Hot Uber Stock Might Just Prove Its Bull Case in 2020
At the start of 2020 Uber stock is looking pretty hot. Investors should keep a close eye on the name as the year unfolds.
Eurozone economy records worst year since 2013
The eurozone economy, which is made up of the 19 countries that use the euro currency, ended 2019 with a whimper and recorded its worst year of growth since it was mired in a debt crisis in 2013.
One of the emergency hospitals Wuhan is panic-building is looking close to completion. Watch a live feed of the construction here., Business Insider - Business Insider Singapore
Business Insider - The Wuhan Huoshenshan Hospital is due to open February 3, and the Leishenshan Hospital is due to open February 5.. Read more at businessinsider.sg
The Return of the King: Jeff Bezos Tops World's Billionaires List After Amazon Sales Went up 21%
On Wednesday, the fortune of billionaire entrepreneur Elon Musk grew by $2.3 billion within an hour following an increase in the total market value of electric vehicle maker Tesla.
Eco Survey calls for pro-business policies, strengthening invisible hand of markets
The invisible hand needs to be strengthened by promoting pro-business policies to provide equal opportunities for new entrants, enable fair competition and ease doing business, eliminate policies that undermine markets through government intervention even where it is not necessary, it said.
Amazon tops $1trillion valuation on strong results
Amazon.com is back in fashion with investors. Concern about the cost of Amazon’s one-day delivery pledge lingered after a busy holiday period
We Don't Know How Many Bullets, Guns or Planes China Sells Around the World
China may be the world’s No. 2 arms producer, according to a new estimate. But we still don't know how many arms it actually sells.
French Connection shares plummet after failure to secure buyer
The retailer saw shares slide by almost a third after it said it was set to post between £1 million and £2 million in losses for the year.
General Motors to revive Hummer as an electric off-road titan
Hummer had been killed off in 2010, though the nameplate will be brought under the GMC brand for an electric revival
FTSE 100 stumbles as coronavirus spreads to the UK
The FTSE 100 has fallen this morning after the Bank of England left interest rates on hold, boosting the pound and hurting British stocks.
Surge pricing for taxis to be proposed in NY City Council
Changes could be on the way for taxi drivers and passengers in New York City if a proposal being introduced in New York City Council Friday becomes law.
4 Things Investors Must Consider Before Buying Aurora Cannabis
Aurora stock is currently one of the worst-performing Canadian cannabis companies. Here are a few things to know before investing.
Nonprofit Receives Grant to Help Prevent Local Oil Production
Santa Barbara County faces a tripling of onshore oil production. Three oil companies are proposing to drill and operate over 700 new wells in Cat Canyon Oil Field, posing dangerous threats to clean air, clean water, public safety, and our climate. What’s more, these oil companies are not proposing conventional oil drilling, which is risky enough, but rather they are seeking permits for extreme, enhanced oil extraction processes known as cyclic steam injection and steam flooding, which are far riskier and more energy intensive than traditional drilling. The Environmental Defense Center (EDC) has just received $10,000 in grant funding from the Fund for Santa Barbara to help confront this major threat.
ET View: Economic Survey revives an old tale about Microsoft
Microsoft has come a long way since then and even became the worlds most valued company. The Survey does not hold out a happy story.
American optimism toward economy surges to 9-month high as job market hums
American households were more optimistic about the economy this month. The University of Michigan said its index of consumer sentiment jumped to...
IBM Chief To Exit Role After Sluggish Growth
IBM CEO Ginni Rometty is stepping down after eight years in which the tech giant struggled to keep up with its competition. Arvind Krishna will be the new CEO.
$12M funding boost - regional water storage and use project
12M funding boost - regional water storage and use project
Coin hoard is a world record breaker – and that’s official
A HOARD of almost 70,000 Iron Age coins found in Jersey has been officially recognised as a world record – although its value and whether it will stay in Jersey still remain unclear.
Economic Survey: New firm creation higher in services sector than mfg, agri
The survey also said that there is a need to invest in ramping up India's statistical infrastructure. It also said that India has made impressive improvements in several social development indicators
USD/CHF drops below 0.9700 as markets remain risk-averse
The USD/CHF pair erased nearly 40 pips on Thursday and seems to be having a difficult time staging a recovery on Friday. After touching a daily high o
Coronavirus: NZ businesses exporting to China take a hit
New Zealand exporters are nervously waiting to see how big an impact the deadly coronavirus will have on their businesses. The disease is spreading across the globe and has killed at least 171 people and infected thousands. Restrictions in China on travel and public gatherings to try to contain the outbreak are putting the squeeze on New Zealand firms doing business in the country. New Zealand Rock Lobster Industry Council chief executive Mark Edwards said the live lobster export business had ceased after a huge drop in demand. He said the timing - during Chinese New Year, a peak period for demand and goods prices - was unfortunate.
Motorists, are you Brexit-ready to drive abroad? Here's six things you need to consider after 31 January
From validity of UK licences to green cards and preparing for overseas low emission zones, here's everything drivers need to know for life after 31 January.
Why imported onions are rotting? Economic Survey 2020 has an answer
Economic Survey 2020 latest: Imported onions are rotting as there are no takers. Here's what the Economic Survey 2019-20 has to say about the onion crisis
Turkish conglomerate Anadolu sells McDonald's franchising rights
Turkey's Anadolu Group Holding, one of the country's largest conglomerates, said Thursday that all shares of Anadolu Restaurant, which includes the Turkish...
When It Comes To IQIYI Stock, Investors Should Tune Out
IQIYI has staged a nice rally, but that's likely to fizzle out in the face of tough macroeconomic headwinds.
Plastics ban can't be instant, restaurants warn Ottawa
OTTAWA — Canada's restaurant owners are eager to do their part to curb this country's addiction to plastics, their association says, but they want the government to leave time for them to adapt to a . . .
A flashy model! Vintage silver Mini that belonged to Christine Keeler during the height of the Profumo scandal goes on sale for £20,500
Keeler (pictured) was regularly photographed driving the 1961 Austin Mini Seven around London at the time her affairs with a government minister and a Soviet naval officer were hitting headlines.
Central Bank Digital Currency (CBDC) Is Becoming a Big Topic in Asia
An official at Japan's central bank has signaled a willingness to embrace a digital yen & Cambodia is pushing ahead with it's own blockchain-powered currency
Blow to Kenyan farmers as agency bans avocado export
Traders accused of shipping immature crop due to high demand.
Top headlines: Eco Survey 2019-20, Wipro's Abidali Neemuchwala steps down
Economic Survey for 2019-20 was tabled in Parliament on Friday and projected the country's gross domestic product (GDP) to grow between 6 - 6.5 per cent in financial 2020-21 (FY21)
Only 18.75% Lagos residents are registered taxpayers — LIRS
LIRS has said that only 4.5 million or 18.75 percent of the 24 million people resident in Lagos State, representing 18.75 percent are...
Sales of over 1.7k listed manufacturing firms contracted by 7.7 per cent in Q2: Survey
The Survey, tabled in Parliament on Friday by Finance Minister Nirmala Sitharaman said demand conditions for the manufacturing sector weakened in September quarter of 2019-20 with a contraction in nominal sales, citing RBI studies on corporate performance.
Pvt sector share in National Infra Pipeline to hit 30% by 2025: Eco Survey
Two-thirds of the pipeline is already firmed up; projects of certain states likely to be added to in due course
Economic Survey outlines strategy to achieve $5 trillion economy, says PM Modi
In a social media post, PM Modi said that the Economic Survey, tabled in Parliament today, highlights the government's strategy to achieve $5 trillion economy.
Economic Survey: Sales of over 1.7k mfg firms contracted by 7.7% in Q2
Net profit for the manufacturing sector contracted in Q1 (June quarter) of 2019-20, mainly due to a production slowdown, it added
Lilly posts higher-than-expected profit as new drugs lift outlook
Eli Lilly has posted higher-than-expected profit on the back of increasing demand for its newly launched drugs, despite fighting continued price erosion and pressure in the US.
Bridges to be built to help pupils cross rivers
The KZN Transport Department has signed a Memorandum of Understanding with the Premier’s Office, Department of Public Works ...
Delta, American, and Several Other Airlines Worldwide Suspend Flights To and From China Amid Coronavirus Fears
Delta Air Lines and American Airlines said on Friday that they will suspend all U.S.-China flights for at least several weeks due to the coronavirus outbreak. Delta on Friday said its China service suspension will begin Feb. 6 and last through April 30, but it will continue to operate the service un...
Going with the wind energy in Latvia
Going green has been an international hot topic for a while, with Latvian President Egils Levits discussing at the recent World Economic Forum how Latvia could become a renewable energy role model, and an increasing portion of the Latvian energy portfolio will be made up of wind energy.
Consequential train accidents decreased to 59 in 2018-19: Economic Survey
The Indian Railways with over 68,000 route-kilometres is the third-largest network in the world under single management
10,000 Chinese tourists cancel trips to Bali over coronavirus fears: Travel group
The chairwoman of Indonesia Travel Agent Association, Elly Hutabarat, said on Thursday that there were cancellations both ways, from China to Indonesia and Indonesia to China.
Rail investment ‘fantastic news’ for Northland, says Reade
January 31, 2020
Millions of workers to get an extra £104 as new tax rules come into effect in April
In addition to increasing the NICs threshold the Government will also end the freeze to working age benefits, which has been in place since 2016.
Privatised CPSEs reported better profit, sales after transition: Eco Survey
The survey, tabled in Parliament on Friday, examined the change in performance for each individual central public sector enterprises (CPSE)
Indian-origin Arvind Krishna Replaces Virginia Rometty As New IBM CEO
Indian-origin Arvind Krishna has been elected as the next Chief Executive Officer (CEO) of IBM, the American IT giant, succeeding Virginia Rometty on Jan 30.
Eco Survey sees growth at 6.5% in FY21, calls for easing of deficit target
For the current fiscal, it projected a GDP growth of 5 per cent, the lowest in 11 years, and worsening job prospects
Just announced - PGF funding for Northland water storage and use project
Today’s (Friday’s) announcement of a $12 million boost for the water storage and use project underscores the Government’s confidence in the scheme and the region, says Northland Regional Council Chair Penny Smart.
Sebi disposes of insider trading case against SpiceJet's former independent director
It had been alleged that he traded in SpiceJet while in possession of unpublished price information
Govt must support pro-business policies to be a $5-trn economy: Eco Survey
The survey said the exponential rise in India's GDP and GDP per capita post liberalisation coincides with wealth generation in the stock market
Eco Survey focuses on wealth creation, says PM
After the release of Economic Survey 2019-20, Prime Minister Narendra Modi took to his Twitter handle and said it focuses on wealth-creation for 130 crore Indians. It outlines a multi-faceted strategy to achieve a $5 trillion economy through enterprise, exports, ease of doing business and more.
Another oligarch lie, debunked
BEFORE proceeding, here is again thanking Department of Trade and Industry (DTI) secretary, Ramon Lopez, for being our guest during yesterday’s edition of the ‘Meet the Press, Report to the Nation’ media forum at the National Press Club.
Laura Ashley chief executive steps down after eight years
Retailer Laura Ashley said today its chief executive Kwan Cheong Ng is stepping down after eight years in the role. [...]
Nintendo Shares Plummet After Mixed Earnings, Plans for New Switch Axed
Nintendo was down nearly 5% after it reported earnings, and the worst is likely yet to come.
New footage shows war-wrecked Maarat Al-Numan Museum
Footage filmed on Thursday shows the extent of the damage inflicted on the Mosaics Museum of the Syrian town of Maarat al-Numan in Idlib province, also known as Khan Murad Basha, after it was recaptured by the Syrian Arab Army (SAA). READ ALSO: Syrian Army keeps rolling in Idlib as new town captured south of Saraqib According to the director of antiquities and museums of Idlib, Ghazi Alloulo, the outer facade of the museum sustained great damage, however, most of the mosaic artifacts were saved by the protective sandbags that were placed over and around the artifacts after the start of the war. Maarat al-Numan mosaics museum is nestled in a UNESCO-listed region of ancient villages. It was built in the 16th century, as a khan (Caravanserai) and was later converted into a museum. Among the museum’s most prized works is a depiction of the birth and life of Hercules and a mosaic artifact depicting Romeo and Romulus.
Krachi East Assembly urged to complete abandoned market project
news, story, article
MP applauded for leading the process to revive dormant market
news, story, article
Forget Legalization: CBD Is Good Enough for CRON Stock
Cronos’ acquisition of Lord Jones is perfect because the American consumer wants CBD, not marijuana.
China - One Problem Ends And Another Begins
Trade had been a problem for the Chinese economy.Hong Kong issues are ongoing.African Swine Fever caused a meat shortage.Did ASF lead to coronavirus?Commodities will move with the state of China's eco
Everything we need to know about coronavirus as it hits the UK
Here's what you need to know as two cases have been confirmed on British soil
Oil Climbs as WHO Declares Emergency, but Opposes Travel Restrictions
Oil prices rose on Friday but were still set for a fourth consecutive weekly loss, as markets attempted to assess the economic damage of the coronavirus that has spread from China to around 20 countries, killing more than 200 people. Brent crude LCOc
Pfizer Misses Target, Soft Guidance, And Other News: The Good, Bad And Ugly Of Biopharma
Pfizer missed Q4 target, offers soft guidance.Surface Onco receives IND.PerkinElmer provides lackluster 2020 guidance.
Nigel Farage says there's 'no way' Britain would rejoin the EU
'I walked at random into a pub at Westminster last night and the party had already started.'
Warren Buffett's $4.6 million crypto lunch was eBay's priciest purchase in 2019. It still hasn't happened.
Tron chief Justin Sun bought the charity meal with Berkshire Hathaway's boss but bailed at the last minute, sparking conspiracies.
Brexit vigils to be held across Scotland as Nicola Sturgeon says country is on the ‘cusp’ of independence
NICOLA Sturgeon believes Scotland is “on the cusp” of independence. Speaking in Edinburgh as the UK gets set to leave the European Union, the First Minister said the SNP will double the…
This Billionaire Bitcoin Investor Gives 3 Catalysts That Could Send Price Flying
Bitcoin has undoubtedly been on a tear over the past 45 or so days. Since hitting $6,400 in December, BTC has surged by almost 50%, hitting a local high
France, Italy Drag Euro-Area Economy to Worst Quarter Since 2013
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The euro-area economy barely grew at the end of 2019 as unexpected contractions in France and Italy dealt the bloc its weakest quarter in almost seven years.The surprise slump in two of the
Integrate ‘Assemble in India’ into Make in India
Move will boost exports, create 80 mn jobs in next 10 years, survey says.The Survey gives China’s example, where labour-intensive exports between 2001 and 2006 created 70 million jobs
Markets welcome WHO virus declaration
Markets rose in Asia on Friday after the World Health Organization declared a global health emergency over the deadly new virus sweeping China.
Stocks drop amid uncertainty over virus impact; Amazon soars
U.S. stocks fell broadly in midday trading on Wall Street amid ongoing uncertainty about the potential economic impact of the 2019 Novel Coronavirus outbreak that originated in China.
It's too easy for West Dunbartonshire youths to get booze, says alcohol charity chief
A new study found found minimum unit pricing (MUP) has had little impact on underage drinkers.
‘Need For Wealth Creation’: Lessons From Thirukkural, Arthashastra And Ten New Ideas In Economic Survey 2020
‘Since the wealth cannot be distributed unless created, the wealth creators are India’s wealth’
US stocks fall amid virus fears despite Amazon surge
NEW YORK, Jan 31 — Wall Street stocks dropped early today amid worries over the coronavirus outbreak and despite a blowout Amazon earnings report that lifted the e-commerce giant’s value back above US$1 trillion (RM4.1 trillion). Britain confirmed its first cases of the virus, the US upgraded...
Economic Survey advocates further ‘economic freedom’
While it does makes a case for further reform, it falls short on prescriptions and sector-specific insights
Frankfurt Auto Show No Longer in Frankfurt
Verband der Automobilindustrie (VDA), the organizing body of Germany’s International Automobile Exhibition (IAA), has announced it will no longer hold its bi-annual trade show in Frankfurt. Last week, representatives from Berlin, Cologne, Frankfurt, Hamburg, Hanover, Munich and Stuttgart met with VDA to present their concepts for IAA 2021. Frankfurt has already been taken out of the running, […]
What are the obstacles to Bayer settling Roundup lawsuits?
(Reuters) - Bayer AG (BAYGn.DE) is in mediation to potentially settle thousands of U.S. lawsuits claiming that the company’s Roundup weed killer causes cancer, but some legal experts said the cases raises novel questions that may prevent an easy settlement.
Pre Budget Expectations by HDFC Securities
HDFC Securities The Govt needs to give a serious push to improve the business environment.
Fintech Become Tops $200 Million in Loans Matched between Online Lenders and SMEs
Become, formerly known as Lending Express, has surpassed $200 million in matching online lending to SMEs in need of growth capital. The news was revealed in a r
RON97 price drops 8 sen, RON95 and diesel unchanged for week of Feb 1
KUALA LUMPUR, Jan 31 — The retail price of RON97 petrol dropped 8 sen to RM2.41 a litre, while RON95 and diesel are maintained at RM2.08 and RM2.18 a litre, respectively, effective midnight until February 7. The Ministry of Finance, in a statement today, announced that based on the calculations...
Budget 2020: How FM Nirmala Sitharaman's fiscal deficit math is likely to move Sensex, Nifty on Feb 1
Budget 2020: An increase in fiscal deficit target in view of the ongoing economic slowdown may not negatively impact the market since elevated level of expenditure is expected to result in higher demand in Indian economy
Evacuations from Wuhan: What are the risks?
Countries are scrambling to airlift their citizens from the Chinese city of Wuhan as it struggles to get to grips with the spread of a SARS-like ...
Crystal gazing the budget announcements from Economic Survey
Here's what to expect in the budget on Saturday or by way of policy pronouncements subsequent to the budget
Crypto Tax in 2020: A Comprehensive Guide
Paying crypto taxes is becoming increasingly difficult in 2020, as government tax authorities around the world continue to change their minds on how
Canada not rushing to post-Brexit deal with Britain, as business urges calm
Prime Minister Justin Trudeau says he is confident that Britain's exit from the European Union later today will be an orderly process with minimal disruption to Canadian trade and investment.
Warren: Hey, We Should Make it a Crime to Post Disinformation Online
Lock Her Up?
Enbridge faces regulators in Canada, U.S. over plans to expand oil pipeline network
Enbridge faces off with regulators in Minnesota over Line 3 just as it grapples with complaints over changes to overhaul its Mainline
The US is at war with itself in HBO’s alt-history miniseries The Plot Against America
The Plot Against America is HBO’s upcoming miniseries based on the late Philip Roth’s 2004 novel. It imagines an alternate American history told through the eyes of a working-class Jewi…
James Nyoro: Brains Behind Uhuru's Ksh7 Billion Project
Through Nyoro's appointment by the president, he took part in various major projects including...
Dow plunges 500 points amid coronavirus fears after outbreak is declared a global health emergency and death toll reaches 213
The World Health Organization declared the epidemic a global emergency on Thursday after the fast-spreading virus killed more than 200 people in China and infected thousands.
Pasteurised camembert? French cheesemakers vote ‘Non’
PARIS, Jan 31 — A battle over the future of camembert, one of France’s most emblematic cheeses, came to a head today after producers voted against allowing pasteurised versions of the venerable raw-milk pucks. A narrow majority of dairy executives — 53 per cent — rejected a plan that would...
Satellite connectivity drives Comtech acquisition of Gilat
Comtech Telecommunications is buying Gilat Satellite Networks for $532.5m, it has been announced.
Crisis-hit Thyssenkrupp mulls sale of elevators units worth 15 billion euro
According to the Financial Times, Thyssenkrupp has attracted at least four bids for its crown jewel, including from Finnish lift maker Kone
With new projects’ vigour, Hyderabad’s real estate blooms out of slowdown blues
In the words of KT Rama Rao, Minister for IT, municipal administration and urban development, "Hyderabad's growth story and momentum have just begun." Even as the sector elsewhere stares at a slowdown, new projects are being started around Hyderabad.
Oyo rubbishes reports of large-scale partner loss, and exiting businesses
Currently, Oyo largely operates under three models - franchisee, leased and owned assets. The rooms under the franchisee model accounts for the largest number of its inventory of nearly 3 lakh rooms in India
Aston Martin delays electric car plans after raising emergency funds
The British automaker’s awful 2019 put it in a tough spot
Delhi Police ask for 45 documents for opening restaurant, only 19 for a gun: Economic Survey
Delhi Police ask for as many as 45 documents before giving its clearance for opening an eatery in the national capital as gainst only 19 to buy a gun, the Economic Survey said on Friday while making a case for doing away with unnecessary controls.
Market watch: KSE-100 falls 273 points owing to global sell-off
Benchmark index decreases 0.65% to settle at 41,630.93
Balanced growth is essential for democracy
Economic development is uneven across State lines and social classes. A consensual approach is needed to move India forward
Crisis-hit Thyssenkrupp mulls sale of '15bn euro elevator unit'
Deciding the future of the elevator unit was the group's "top priority", said Merz, aiming to raise billions of euros in fresh capital that could be used across the conglomerate's struggling divisions.
Conspiracy theorists are telling people to drink a dangerous bleach solution to cure or prevent coronavirus
As new cases of the Wuhan coronavirus are reported across the globe, online bootleggers are cashing in on another opportunity to sell a dangerous bleach cocktail that they claim can cure malaria, cancer, the flu, and even autism. Now proponents are claiming the chlorine dioxide treatment can also cure or protect against the coronavirus.
Aston Martin Lands Sugar Daddy in the Form of a Canadian Billionaire
A consortium led by Canadian billionaire Lawrence Stroll has agreed to buy a 16.7 percent stake in Aston Martin, pledging to increase that figure to 20 percent.
Billionaire Lawrence Stroll takes stake in ailing carmaker Aston Martin
Canadian billionaire Lawrence Stroll will take a roughly 20per cent stake in Aston Martin for nearly 200 million pounds (US$263 million) as the ...
Red Sox are ‘deep in talks’ with Dodgers for Mookie Betts trade
Mookie Betts is going, going, and might soon be gone. The Red Sox “are deep into talks” with the Dodgers about a trade for the 2018 AL MVP, ESPN reported Thursday. The clubs are discussing
Bungling burglar is caught on CCTV falling over a garden fence into a flower bed before smashing a window and stealing hundreds of pounds
The well-dressed suspect can be seen on security cameras landing head first into a flower bed after tumbling over a garden fence at a property on Stratford Road in Hall Green, Birmingham.
BDO survey: US tech firms fear trade war and Chinese innovation
Tech company chief financial officers are bullish about their company's short-term futures but are distracted by numerous regulatory and data privacy issues.
Economic Survey: India skids on ranking for protecting minority shareholders
The economic survey also patted the back of the government, stating that implementation of Goods and Services Tax (GST) has helped India in improving the ease of doing business.
'Feel good' Budget may see cut in tax rate, sops for social sectors
To cushion the impact on collections, these tweaks might be accompanied by rationalisation in tax rebates
Novartis Revenue Jumps, And Other News: The Good, Bad And Ugly Of Biopharma
Novartis revenue jumps but net income falls for Q4.Hepion's CRV431 produces positive data.Amphastar gets a CRL.
Lcal digital spending to grow 2.7 times in a market worth US$9.1 bil locally
KUALA LUMPUR: Digital spending in Malaysia is expected to grow 2.7 times in 2025 in a market estimated to be worth US$9.1 billion.
UK trade bodies respond to points-based immigration proposal
UKIE suggests "little impact" on games industry, while TIGA welcomes attention given to creative and STEM sectors
E-bike trial coming soon
On 12 February selected officers in Auckland, Wellington, Christchurch, and Dunedin will take to the roads on e-bikes to trial them as a new tool to help keep our roads safe.
The great electric pickup production race
GM's Hummer revival is set to compete with Tesla's Cybertruck.
Coronavirus outbreak highlights need for travel insurance: expert
Travellers are being advised to confirm their insurance details before flying abroad as airlines around the world halt travel to China amid the coronavirus outbreak.
Govt should lean on growth instead of focusing on fiscal deficit: CEA
It is time to focus on growth and, therefore, cutting expenditure is not an option, probably because at a time like this, growth needs to be taken care of, he added
Team Bernie Isn’t Fazed by the Bros
Staffers and supporters aren’t viewing the recent glut of negative coverage as a threat to their campaign.
3M Company: Buy The Crisis, Collect The Dividends, And Sell The Turnaround
3M is absorbing substantial restructuring costs and just announced 1,500 layoffs.The market's reaction to recent news is not totally unjustified, but we are not so easily swayed. Stoic investing is we
Gallup: Credit Unions Feel The Love
The notion that credit unions (CUs) play country mouse to their more worldly banking cousins is beyond flawed, as a recent poll by the Gallup organization showed. Delving into customer sentiments across measures – including "helps me reach my financial goals" and "puts my financial well-being ahead of the interests of the bank" – Gallup found that credit unions are crushing it. Banks, not nearly as much. Banks did not surpass credit unions in any criterion used by Gallup. In fact, it wasn't even close. Though respondents had generally positive feelings about banks – for example, about financial institutions (FIs) being helpful during difficult life events – the focus on relationship-building and more personalized forms of finance have given credit unions the edge. For those who capitalize on it, the advantage will come in handy as FIs shapeshift their way to greater customer-centricity. How CUs sustain their unique brand of customer loyalty is among the core insights from the latest
Lower Mainland mayors, including Surrey, endorse regional ride-hailing licence
VANCOUVER — Mayors in British Columbia's Lower Mainland have reached an agreement on an interim business licence for ride-hailing companies that want to operate in the region.Surrey Mayor Doug . . .
US: Income growth is not what it used to be – Wells Fargo
Data released on Friday in the US showed that personal income rose 0.2% and spending 0.3% in December. Despite a tight labor market, year-over-year re
Budget 2020: Challenge for Indian Finance Minister is to Balance Growth, Fiscal Deficit
New Delhi (Sputnik): Amid the slowdown in the Indian economy, the government lowered its national income growth forecast from 7 percent to 5 percent for the current fiscal year. The Economic Survey tabled in Parliament on Friday pegged growth for 2020-21 at between 6 and 6.5 percent.
Consumer Sentiment Jumps Higher
Consumer sentiment was bolstered by record low unemployment, record gains in income, and near record lows in inflation. | Economy
Sally Ann will surpass goal
Back in November, Kelowna's Salvation Army set a lofty goal of raising $700,000 in its annual Christmas campaign.
Good start, companies — now keep raising wages!
About a decade ago, when I started writing about how companies should strive to create value for stakeholders, not just shareholders, some of my business and finance friends thought I was nuts.
Miners Accumulating Ethereum at a Rapid Rate May Take ETH to Record High
The Ethereum (ETH) price could explode to record highs on the backs of an optimistic accumulation behavior. Data provided by cryptocurrency market
Caterpillar’s 2020 outlook adds more gloom to virus-shaken markets
The outlook signals headwinds for machine sales, which fell the most in nearly three years in December.
The revitalisation of Limerick's O'Connell street takes a step forward
Plans to revitalise Limerick's main thoroughfare took a step forward this week.
NCG joins Northern Powerhouse Partner Programme
'Realising the potential of the North through investment in skills is a huge opportunity – and NCG will lead the way'
Economic Survey Bats For Market Economy, Shows How Government’s Intervention Can Do More Harm Than Good
The Indian state is not only involved in running businesses but also intervenes in markets quite frequently.
Good start, companies — now keep raising wages!
About a decade ago, when I started writing about how companies should strive to create value for stakeholders, not just shareholders, some of my business and finance friends thought I was nuts.
Conspiracy theorists are telling people to drink a dangerous bleach solution to cure or prevent coronavirus
Conspiracy theorists and internet vaccine skeptics are making false claims that a bleach solution called "miracle mineral solution" cures coronavirus.
Explainer: Rapid spread of China coronavirus fuels global alarm
(Reuters) - International alarm over the coronavirus that emerged in Wuhan, China in December is driven by its rapid spread and the fact that infectious disease experts cannot yet know how deadly or contagious it is.
Economic Survey: Building blocks for 'wealth creation' and $5-trn economy
Here is a snapshot of some of the 'new ideas' for the economy that the Survey focuses on
China auto sector braces, hopes coronavirus impact is short-lived
SHANGHAI/BEIJING (Reuters) - The new coronavirus epidemic is likely to wreak havoc on China auto sales and production in the first quarter, but it is too early to push panic buttons as ground could be made up later in the year, industry executives said. Dongfeng Motor Group and its partners Honda Motor, Renault and PSA all have factories there. "We expect (China) vehicle production to decline 3% for the full year, with production down 15% in the first quarter, including the extended new year s
Elon Musk is starting to resemble a 'quiet assassin' as the short-seller argument about Tesla disintegrates, an expert says
Tesla has an edge over other automakers in battery technology, charging infrastructure, and autonomous-driving technology, Gene Munster said.
Two-day cultural extravaganza ‘Namma Madurai’ begins today
Focus of the event will be on cleaning and protecting the Vaigai
Exxon quarterly profit falls 5.2% on weak refining, chemical margins
HOUSTON (Reuters) - Exxon Mobil Corp (XOM.N) on Friday reported a 5.2% drop in fourth-quarter profit on weaknesses in chemicals and refining and flat oil and gas output, with asset sales helping to stem the decline.
Global tax rules set for overhaul as states seek to avoid new trade war
PARIS (Reuters) - Outdated cross-border tax rules are set to be rewritten after 137 states sought this week to avoid a new trade war over the global multiplication of taxes on digital services.
Americans spent at slowest pace in 3 years in 2019, threatening powerhouse of US economy
American shoppers continued to serve as the engine of the US economy through volatile times last year, fuelling growth even as a global cooldown and trade tensions clouded the outlook. But there are signs that households are starting to pull back on spending.
Forty temporarily laid off at Cork hotel as doubts raised over long-term future
Staff at the Blarney hotel and golf resort were hoping against hope that the hotel would reopen tomorrow following its regular January closure.
Survey Shows Lack of Employee Engagement
A survey by Achievers revealed the reasons employees are dissatisfied with their current employees.
Bullish for Bitcoin: Mike Novogratz on BTC "Prospects Extremely Strong"
Novogratz became one of the most prominent people to delve into the Bitcoin space, having had a lot of clout on Wall Street.
PACCAR: Tech Shift Can Prove Lucrative
PACCAR is a leading trucking manufacturer which is working on new technological solutions for the trucking industry.With electric-powered trucks and autonomous driving being all the hype these days, t
ITI further extends FPO to Feb 5; issue subscribed 58% so far
Services of public sector banks were impacted as employee unions went on a two-day nationwide strike from Friday to press for wage revision.
Good start, companies — now keep raising wages!, Business Insider - Business Insider Singapore
Business Insider - We've been heading toward a "Better Capitalism," but if we're going to fix the American economy, companies need to keep raising wages.. Read more at businessinsider.sg
A bullish signal for Canada’s banks, the SNC-Lavalin rally isn’t over, and why gold is setting up for a fall
A roundup of investment ideas for active investors
Three arrests as €1.6m worth of drugs seized by gardaí
Three people have been arrested in connection with the seizure of more than €1.6 million worth of heroin and cocaine, as well as €700,000 in cash, during a number of searches in the Leinster area.
Elon Musk Just Dropped A Chill EDM Track 'Don't Doubt ur Vibe' That Doesn't Suck
The world is a strange place when meme lord Elon Musk is dropping music.
You can’t legislate integrity, value ― Gbajabiamila tells Nigerians
The Speaker of the House of Reps, Femi Gbajabiamila has urged Nigerians to use religion to promote unity among the citizens.
1g salt and 0.2g turmeric: Economic Survey 2020's Thalinomics for adult male engaged in heavy work
The Thalinomics is a novel addition to the Economic Survey 2020, which has calculated the affordability of a one-plate meal in relation to "an adult male engaged in heavy work". "We have taken the
What you need to know about the UK 5G network
With recent discussions on the reliability of Huawei and the future of the UK-US trade deal, we answer three key questions on the UK 5G network
Economic Survey: 'Counter-cyclical fiscal policy' to boost demand justified
The Survey places primary blame for the slowdown on global factors, saying 'the deceleration of India's GDP growth since 2017 has tracked the decline in world output'
7 Large-Cap Stocks to Buy For Insulation From Volatility
Recent market volatility on the back of coronavirus fears makes this a good time stock up on quality stocks with long-term stability.
Mysterious Russian spacecraft has maneuvered into orbit right behind a $4 billion US spy satellite - and the Pentagon is worried it could be preparing for an attack
Between January 20 and 23, Russian spacecraft Cosmos 2542 made several maneuvers to end up in the same orbit as the American spy satellite USA 245, and is now closely following it.
World Athletics gives seal of approval for controversial Nike Vaporfly shoes
World Athletics has given its seal of approval for the high-tech Nike Vaporfly shoes that have revolutionised athletics but has set limits on future technology
Investors Should Forget Aurora Cannabis and Buy GWPH Stock Instead
Demand for legal cannabis is not as strong as bulls predicted. As a result, investors should avoid big names like Aurora stock.
Alleged Durban drug dealer ‘has licence for gold-plated AK-47 replica’
Phoenix husband and wife Claude, 35, and Celestine Mariah, 37, briefly appeared in the Verulam Magistrate's Court together with taxi driver Dean Dhanny, 26.
Enphase: Promising Growth Vision
Enphase is widening its addressable market by integrating technologies like storage and energy monitoring.Enphase's IQ 8 microinverter will be a building block for the company's larger energy product
EU bank regulators lay out tougher doomsday stress test
EBA factors in period of ‘low for longer’ rates and 4%-plus economic contraction
Council thanks those who helped shape budget decisions
The Council carried out a budget survey in the latter part of 2019 to encourage residents and businesses to have their say
Amazon rejoins $1tn club on back of blockbuster earnings
Bezos empire alongside Apple and Microsoft after further share price gains
Historic vote on nuclear waste underway in Bruce County, Ont.
Plans to build Canada’s first permanent home to nuclear waste are being decided by a local First Nations band Friday.
Coronavirus shadow overseafood exports to China
MPEDA Chairman, however says the impact is minimal
U.S. consumer, factory data suggest economy losing momentum
WASHINGTON (Reuters - U.S. consumer spending rose steadily in December, but tepid income gains pointed to moderate consumption growth this year, which together with slumping business investment likely set the economy on a slower growth path this year.
Economic Survey 2020: India has low rates of formal entrepreneurship
Large number of enterprises operate in informal economy not captured by data
Canada: GDP bounced back in November – NFB
According to a report released on Friday, Canada’s real GDP rose 0.1% in November and 1.5% compared to a year earlier. Krishen Rangasamy, analyst at t
Verizon's Adding Subscribers, but Not Profits
Verizon's pricing and promotions are weighing on the bottom line.
Eurozone economic growth in 2019 was slowest in 6 years
Jan. 31 (UPI) -- Economic growth last year for the eurozone was the lowest it's been in six years, mainly hampered by slowdowns in France and Italy, the European Commission said Friday.
Google-Backed 1Life Healthcare Surges 58% in Trading Debut
1Life Healthcare Inc., a provider of tech-driven primary care clinics under the One Medical brand, closed its first day of trading up 58% after raising $245 million in an initial public offering.
The Wuhan coronavirus seems to have a low fatality rate, and most patients make full recoveries. Experts reveal why it's causing panic anyway.
The coronavirus outbreak that originated in China is sparking fear, distrust, and xenophobia around the world.
Jane Fonda To Bring Friday Drill Fridays To California, Announces First Demonstration In Los Angeles
Jane Fonda is wrangling more Friday Drill Friday supporters. The actress, who kicked started FDF demonstrations in Washington DC, hoping to get government leaders to address the climate crisis, announced that she will launch FDF's next phase across California, specifically in Los Angeles. Fonda has enlisted a number of her famous friends, including her "Grace…
Can Apple's Wearables Segment Continue Its Incredible Growth?
Buyers are snapping up AirPods Pro as fast as Apple can produce them, and the AppleWatch shows solid growth and great potential.
Economic Survey 2020: 60% women in world's fastest growing economy do housework
Women's participation in labour force reduced to 25.3 per cent in 2017-18 from 33.1 per cent in 2011-12, Economic Survey found
How will travelling to Europe change after Brexit?
Just what will change?
Corporate clients could provide a lower-cost path to electric vehicles
A U.K. startup landed a $400 million order for 10,000 electric UPS trucks.
How Idexx Laboratories Beat Expectations in Q4
The animal health company boosted its full-year 2020 earnings guidance, too.
Economic Survey 2020 pitches divestment in public sector undertakings
Economic Survey says public sector units performed better than peers after privatisation
Q&A: All you need to know as coronavirus affects more people in Europe
Many more people in Europe are likely to contract novel coronavirus that causes serious lung disease, the European Centre for Disease Prevention and Control has warned.
STMA to demolish dilapidated structures in the Metropolis
news, story, article
U.S. lifts sanctions on unit of China's biggest shipping company
In September, restrictions were placed on the Dalian units of China COSCO Shipping Corp., sending freight rates soaring as traders cancelled charters linked to the parent company.
After 10 years, civil rights museum says expansion is a must
GREENSBORO, N.C. — When four young black men from N.C. A&T sat down at a whites-only lunch counter in downtown, they sparked a fight for civil rights that has reverberated for 60 years. That legacy gives a strength of purpose to John Swaine, CEO of the International Civil Rights Center & Museum. The museum, which …
SBI posts highest ever net on Essar Steel recovery
Asset quality improves, slippages stay elevated; no big ticket loan going forward, says CMD
It's easier to buy a gun in Delhi than to set up a restaurant: Economic Survey
"Although India has significantly reduced the time and cost of starting a business, a lot more needs to be done," it said.
World Athletics puts the brakes on Nike’s record-breaking shoes
Nike’s Vaporfly have been outlawed for elite competition and strict limits on the technology developed for any shoes after World Athletics
Tech Mahindra profit dips 5% to ₹1,146 cr.
Firm’s revenue, however, rises 8% to ₹9,655 crore
Creepy video of drones in china scolding those who aren't wearing masks
Drones are now hovering over people in the streets of china, scolding those who aren’t wearing face masks to protect them from the coronavirus, and it’s quite eerie. Watch the video in …
READERS’ LETTERS: HS2 will have zero benefit to Scotland but we have to pay £9bn towards it
Sir, – The Chancellor Sajid Javid, on behalf of our Westminster lords and masters, has decided to support HS2 at a cost of more than £106 billion (latest estimate).
Pimentel: Temporary travel ban on trips from China ‘reasonable’ amid nCoV threat
Senator Aquilino
Screen Ireland hopes for happy ending despite Brexit sadness
Chief executive Désirée Finnegan signals return of cherished slate funding for producers
Union Budget 2020: Economic Survey Introduces 'Thalinomics'; Here Is What It Entails
Dubbed as an attempt to quantify what a common person pays for a Thali, a new concept called ‘Thalinomics’ has been introduced in Economic Survey 2019-20.
Varcoe: Beyond politics, Teck’s oilsands project hinges on partners, pipelines — and prices
A political brawl has erupted over a pending federal decision on the massive Frontier oilsands mine, but it’s only one of several barriers facing the mega-project.As Alberta presses the Trude…
Neemuchwala quits Wipro, analysts say it’s good for tech giant
‘His tenure was fraught with struggles’
Needed: fewer regulations for start-ups, says CEA Krishnamurthy Subramanian
“With a rank of 163 of the 190 nations in enforcing contracts, only a few countries like Afghanistan, Mozambique, and Zimbabwe perform worse than India.”
Processes of exports, imports at KIA have improved vastly: Economic Survey
‘This is after implementation of authorised economic operators policy in 2016’
Financial Institutions, Inc. (FISI) CEO Marty Birmingham on Q4 2019 Results - Earnings Call Transcript
Financial Institutions, Inc. (NASDAQ:FISI) Q4 2019 Results Conference Call January 31, 2020 08:30 AM ET Company Participants Shelly Doran - Director, Investor and External Relations, EVP and General C
Facebook to remove posts spreading coronavirus conspiracy theories
Facebook plans to take down posts spreading false claims and conspiracy theories about the deadly coronavirus in an unusually aggressive effort to tackle misinformation.
Buy the JPY, sell the AUD? – Rabobank
"At the bottom of the G10 league since January 21 are the NOK, the AUD and the NZD," note Rabobank analysts. Key quotes "These three currencies have b
Tesla Showing Similarities to 2017 Bitcoin, What Happens Next?
Tesla is among the top-performing assets of 2020 so far, and one of the few financial assets that has outperformed Bitcoin and the rest of the
Beavercreek drivers to pay tax increase for street work
Next year, Beavercreek drivers will pay a $5 increase when registering or renewing their motor vehicle licenses.
Amazon stock soars following strong Q4 earnings report
Amazon shares are soaring after the e-commerce giant announced fourth quarter earnings that smashed expectations.
Bank of Ghana keeps policy rate unchanged at 16 percent
news, story, article
Vedanta profit rises 49% to ₹2,348 crore
Revenue, however, drops 10% to to ₹21,126 crore
Fed's Clarida: Yield curve inversion reflects global uncertainty rather than US outlook
Commenting on the recent inversion of the yield curve, Federal Reserve Vice Chairman Richard Clarida said that he was not worried about it and argued
160 neighbours complained - but this Oldham home WILL become a HMO
The owner said he was catering for high end professionals, and refurbished properties to the ‘highest possible standard’
Neemuchwala resigns after 4 years as Wipro CEO citing 'family commitments'
The board of directors has begun the process of looking for the next CEO, the company told the stock exchanges
Alastair Stewart's former colleagues 'demand to know why he was forced out'
The veteran newsreader's former colleagues are reportedly demanding bosses tell them why he was forced to leave amid the race row over his tweet
Banking services hit as employees strike work in Prakasam
20% hike in pay, five-day working week top their demand list
Chevron reports worst quarterly loss in a decade
Jan. 31 (UPI) -- Chevron on Friday reported its worst quarterly loss in a decade -- $6.6 billion for the last three months of 2019, due mainly to a write-off of its Appalachian shale production sites.
HUL volume growth surprises, profit before tax up 14% in December quarter
The company's volume growth is also ahead of the overall FMCG sector's
‘Life After Lockup’ Preview: Sarah Confronts Michael About Calling Other Women & Not His Kids
Sarah confronts Michael about calling other women and ignoring his kids in this exclusive 'Life After Lockup' preview.
Officials Have Declared the Coronavirus Outbreak a Global Health Emergency
A newly discovered coronavirus has sickened nearly 9,800 people worldwide. We've rounded up the most vital information that's been released so far.
Coronavirus Q: 'Will a face mask help protect me?' A: It's complicated.
Around the world, people are buying up face masks in hopes of avoiding the Wuhan coronavirus. But do they work? The answer is complicated. Read on for details from health experts.
More frequent load shedding coming: Eskom CEO
Eskom has warned South Africans to brace for more frequent power cuts as it halts the deferral of planned maintenance. The rand weakened as a result.
Privatised CPSEs reported better profit, sales after transition: Economic Survey
Most privatised CPSE witnessed improvement in net worth, profit, gross revenue and sales growth after the transition, the Economic Survey has said.
New tax rules mean millions will get an extra £104 from April
It will affect around 31 million full-time workers
Pasteurized Camembert? French Cheesemakers Vote ‘Non’
A battle over the future of camembert, one of France's most emblematic cheeses, came to a head Friday after producers voted against allowing pasteurized versions of the venerable raw-milk pucks.
Countryside service cuts planned
Cuts of £150,000 suggested as part of proposals for a council's housing and community development service could see staff replaced by volunteers.
Bayer considers new tactic in Roundup settlement talks
(Reuters) - As Bayer AG (BAYGn.DE) tries to settle U.S. lawsuits claiming that its weedkiller Roundup causes cancer, the company is considering a proposal that would bar plaintiffs’ lawyers involved in the litigation from advertising for new clients, according to a person familiar with the matter.
Economic Survey: ‘Thalinomics’ Reveals How The Cost Of Your Thali Has Come Down Since 2015-16
How the common man’s food affordability has improved since 2015-16.
Education Secretary Gavin Williamson sets out his plan to ensure every North East school is a good school
The Education Secretary spoke to ChronicleLive as Boris Johnson gathered his Cabinet for a Brexit-day meeting in Sunderland
JCB Partners with Oceanpayment for Merchant Acquiring
Hong Kong & Tokyo, Jan 31, 2020 - (ACN Newswire) - JCB International Co., Ltd. ("JCBI"), the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, and Oceanpayment Co., Ltd., China's leading cross-border payment brand, announced that they signed a License Agreement to start JCB merchant acquiring business. In order to strengthen the cooperative relationship, Mr. Hirohiko Sugiyama, Managing Director of JCB International (Asia) Ltd. and Lanny Yang, Co-Founder and EVP of Oceanpayment made greetings in Hong Kong to announce the partnership.
American optimism toward economy surges to 9-month high as job market hums
American households were more optimistic about the economy this month as a historically strong labour market helped offset a wave of potential concerns, including the impeachment trial of President Donald Trump and developments abroad.
Auto industry slowdown temporary: Economic Survey
The survey said that the “temporary auto slowdown may be attributable to certain other reasons such as lack of credit, base effect (as in last few years auto sector has grown rapidly), and structural changes like adoption of newer fuel standards from BS-IV to BS-VI from April 20 etc.”
Outflows lead to restrictions on Aviva property funds
Investors in two Aviva Life and Pensions commercial property funds have been told they cannot withdraw their money for six months because of recent net outflows.
Coronavirus In Context
Experts are projecting that the current outbreak may get worse before it gets better.However, the mortality rate is below that of SARS with the elderly and people with pre-existing conditions being mo
World Athletics Council ban Nike Alpha Fly trainers worn in sub-two-hour marathon
The international body that governs track and field has announced it has "amended its rules" on what shoes athletes can wear in competitions. The changes made by World Athletics Council mean the Nike next-generation Alpha Fly trainer will be banned - the shoe Eliud Kipchoge ran a sub-two-hour marathon in Vienna in October 2019. As a part of the amended rules, shoes must have been available on the open retail market for at least four months before they can be used in competition. On their website, Nike says Kipchoge "tested" a number of "prototype" trainers in competitions suggesting the shoes were not available on the wider market. Nike has been approached for comment.
CCI dismisses complaint against Naspers-owned PayU Payments, Wibmo
The Competition Commission of India has dismissed allegations of unfair business practices against PayU Payments and Wibmo. It was alleged that PayU has intentionally foreclosed the market for other competitors by denying them proper access to Wibmo in the downstream market and has substantially created entry barriers for new market players.
Airbus £830m settlement over UK bribery prosecution approved by High Court
The figure is the largest ever for a Deferred Prosecution Agreement and amounts to more than all previous similar settlements combined.
Irish border communities ‘struggling to get mortgages due to Brexit’
Border Communities Against Brexit activists took their campaign for better public representation to Stormont on Friday afternoon.
Saudi envoy, UN official review efforts to end Syria conflict
ALULA: UNESCO Director-General Audrey Azoulay on Friday hailed how well Saudi Arabia’s cultural gem of AlUla has been preserved and the lessons future generations can learn from the region’s history. Speaking at the Hegra Conference of Nobel Prize Laureates, which is being held at the site’s Maraya Hall, Azoulay highlighted the importance of the site in promoting a cultural
Survey doesn’t address ground realities: Cong.
‘It’s an exercise in obfuscation’
[WATCH] TMI Top News: WHO declares global emergency, IGP knows where Indira’s ex husband is
Here are #3storiesin2minutes for Friday, January 31, 2020: 1. WHO declares global virus emergency after deadliest...
Revival in sight: Economic Survey pegs FY21 GDP growth at 6-6.5%
Fiscal targets may have to be relaxed for the current year
Survey trusts free markets to create wealth
CEA Krishnamurthy Subramanian suggests many micro solutions for macro problems
Blibli.com Debuts Cashierless Store; Nordstrom Pilots Resale Concept
News: eCommerce merchants are tapping into the world of brick-and-mortar retail by opening cashless and cashierless stores.
Economic Survey 2020 Brings Out ‘Thalinomics’ To Quantify What A Common Man Pays For Thali Across India
Thalinomics attempts to answer whether a thali has become more or less affordable.
Boris Johnson apparently blurts out 'keep digging' HS2 plan to a 10-year-old
The Prime Minister said of the controversial rail project: "In a hole the size of HS2, the only thing to do is keep digging."
Stocks decline as coronavirus keeps traders on edge
Stocks fell broadly Friday, the final day of the month, as traders tried to assess the potential economic impact of China’s fast-spreading coronavirus while weighing earnings from Caterpillar and Amazon.
If Trump Wants His Racist Border Wall, He'll Have to Start Taking Climate Change Seriously
Ha ha ha. Donald Trump’s impermeable wall ain’t so impermeable, after all. Not even these high walls of racist fury can withstand good ol’ Mother Nature: The Washington Post reported Thursday that the president’s beloved border wall between the U.S. and Mexico would need to leave portions wide open every summer to prevent flash floods from knocking it over.
Coronavirus UK: How will health authorities react and what steps can I take?
The first two cases of the coronavirus in the UK were confirmed earlier today by Public Health England. Read the latest advice here.
GRAINS-Soybeans extend losing streak on coronavirus fears; corn firm, wheat weak
(Recasts, updates with U.S. trading, adds new analyst quote, changes byline/dateline; pvs PARIS/SYDNEY)By Mark WeinraubCHICAGO, Jan 31 (Reuters) - Chicago Board of Trade soybean futures fell on Friday, on track for their ninth straight day of losses, as concerns about the coronavirus cutting into Chinese demand beat back any attempts at a bargain-buying bounce, traders said.
Coronavirus: US stocks lose one per cent and Brits land back in UK
Wall Street has now fallen over one per cent as fears over the coronavirus outbreak continue to damage markets around the world.
Here are a few nuggets from Economic Survey in order to prevent frauds
Financial services exports have remained stagnant, averaging about $5 billion in recent years
Nissan calls for clarity over post-Brexit trade deal
Businesses are likely to face significant changes in the way they trade, says chambers of commerce.
The outbreaks of both the Wuhan coronavirus and SARS likely started in Chinese wet markets. Photos show what the markets look like.
The Wuhan coronavirus outbreak likely started in a Chinese wet market, where livestock and poultry are sold alongside animals like dogs and civets.
Need new mechanism for revising fuel prices: South India Motor Transport Association
A revision once in three/six months can lift the mood of the transport sector that is battling many challenges, says SIMTA
Bozo Instagram influencers are exploiting coronavirus for clout
They're using tragedy for traction.
Building Micromobility At A Global Scale
Entering the competitive and complex electric scooter and bike market in Washington, D.C. is newcomer Helbiz, based in the U.S. but better known in Europe.
Economic Survey 2019-20: High fees push poor out of education system
Survey points to challenges of affordability and quality
OmiseGo-Backed Exchange Shuts Down
Go, the exchange powered by OmiseGo technology, has closed after months of negligible volumes and regulatory difficulties. Go Exchange Closes on Low
Managing investment, trade deficit: Are omnibus laws panacea for growth?
Two omnibus laws on job creation and taxation seem to be Jokowi’s new silver bullets to simplify Indonesia’s jungle of red tape. But are these laws the panaceas we have been looking for?
FP Dealmakers: Foreign firms gobbled up record number of Canadian companies in 2019
A number of Canadian companies were bought out by rivals or private equity firms last year
Surrey relents on Uber
Mayors in British Columbia's Lower Mainland have reached an agreement on an interim business licence for ride-hailing companies that want to operate in the region.
Lima Charlie: What Is The Future Of HMS Forth In The Falkland Islands?
The arrival of HMS Forth in the Falklands represents a significant increase in capability for the British forces locally
For start-up ecosystem to flourish, liquidity is the need of the hour
Tanuj Choudhry, Chief Business Officer, HomeLane India’s economic growth has been sluggish over the last few years and the impact has been concerning.
When It Comes To Cannabis Plays, Stay Away From Aurora Stock
Without a clear strategic plan to lower Aurora Cannabis's debt pile, a bet on Aurora stock would be nothing more than a gamble.
Economic Survey 2019-20: India can chart China-like export trajectory
It calls for integrating ‘Assemble in India for the world’ into Make-in-India
Women are the single largest exclusion in India’s farmer suicides data: P Sainath
Delivering his valedictorian address at the XVI National Conference of Indian Association for Women's Studies (IAWS) here, Sainath, 63, said climate change was going to affect women more as they are the providers of water, food, fodder and fuels.
Panic in markets: If Coronavirus is not tamed, trade with China may slump
The real impact of trade can be gauged after February 8 when the Chinese New Year holidays end
EU would be 'stupid' to prevent independent Scotland from rejoining, says MEP
A senior MEP has said it would be "stupid" if Scotland was not allowed to "swiftly" rejoin as a member state if it voted for independence in the future.
Theresa May Has Earned Almost £400,000 Since Quitting As Prime Minister
May will receive a £190,000 “signing bonus” after agreeing a deal with the Washington Speakers Bureau agency last month.
NYT writer says world is suffering because Xi govt delayed announcing Wuhan virus outbreak
NYT writer says world is suffering because Xi govt delayed announcing Wuhan virus outbreak
Northern farmers ask Johnson for £300m to replace CAP payments
Estimates suggest that the majority of farmers rely on EU payments for at least 60% of farm income
Remembering the 1931 Hawke's Bay earthquake
The 1931 Hawke’s Bay earthquake reshaped Hastings and its impact on the district will once again be remembered at the annual commemoration service being held this Monday, February 3.
Nissan calls for clarity over post-Brexit trade deal
Businesses are likely to face significant changes in the way they trade, says chambers of commerce.
Lai: Nigerians in Chinese town hit by coronavirus unwilling to return home
Lai Mohammed, minister of information, says the federal government is in touch with 16 Nigerians living in Wuhan, China. Coronavirus disease broke out in that part of the Asian country,
Cleaner dies after falling through false ceiling at Tampines Mall
SINGAPORE: A cleaner died on Saturday (Jan 25) after falling through a false ceiling at Tampines Mall. The Indian national, who was employed by ...
GST collection crosses Rs 1.1 trn mark in January; in line with the target
In January, domestic GST collection was around Rs 86,453 cr. Around Rs 23,597 cr was collected through IGST and cess
How Political Changes Could Impact Walmart Stock
With a high forward P/E, Walmart stock is priced for perfection. Watch out for political changes this year, which may impact shares.
Amazon Sees Upgrades All Around Wall Street Following Solid Cash Flow, Operating Income
Web hosting services seller and online retailer Amazon.com, Inc is seeing fresh optimism from Wall Street following strong revenue growth.
Entry screening not yet on cards for Irish airports as coronavirus spreads
Low level of exposure to Chinese tourists in Ireland, tourism bosses say
'Feel good' Budget may see cut in tax rate, sops for social sectors
FM is expected to pull out all stops to spur demand and investment, govt sources and economists said.
Female Firefighter And Instagram Hottie Presley Pritchard Says She Was Fired For Racy Posts
‘It was just always like walking on eggshells there,’ she said of her job with Evergreen Fire Rescue. A former female firefighter claims she was fired from her job for posting racy photos ...
Matthews International Corporation (MATW) CEO Joseph Bartolacci on Q1 2020 Results - Earnings Call Transcript
Start Time: 09:00 End Time: 09:23 Matthews International Corporation (NASDAQ:MATW) Q1 2020 Earnings Conference Call January 31, 2020, 09:00 AM ET Company Participants Joseph Bartolacci - President and
Buyer Payments And Seller Payouts In A Changing Sharing Economy
Here's a look at the evolution of buyer payments and seller payouts in the changing sharing economy.
Your business week: Halo Business Angel Network, SFA Business Connect 2020
Expert insight on hand from conference in Co Wicklow organised by Enterprise Ireland
Tractor Supply's Shopper Trends Turn Negative
The retailer blamed unusually warm winter weather for a sharp growth slowdown over the holiday season.
Rand tumbles to 11-week low as coronavirus, power cuts weigh
The rand fell by nearly 4% over the week.
Irish border communities ‘struggling to get mortgages due to Brexit’
Border Communities Against Brexit activists took their campaign for better public representation to Stormont on Friday afternoon.
Economic Survey backs Temasek-like model proposed for divestment
Survey recommends transferring stake of listed govt firms to a corporate entity
165,000 baby sleepers from 4 different brands were just recalled for risk of infant suffocation — here's the list of recalled products
The US Consumer Product and Safety Commission (CPSC) recalled four brands of infant sleepers due of the risk of babies suffocating in them, according to a new report from NBC New York.
Manitoba government to end controversial practice of birth alerts in April
The Manitoba government is ending a controversial practice that allowed hospitals to flag new mothers to child welfare agencies.
Wealthy are to be offered huge tax breaks by Uruguay’s new president to lure them to the country’s coastal resorts and help boost the economy as other South American countries crumble
Luis Lacalle Pou says he wants to offer residency to up to 200,000 by slashing the minimum amount of property foreigners need to buy to qualify.
India's annual growth slows to 5% as New Delhi vows revival
India needs to create jobs for the 1.2 million new entrants to the labor market every month but unemployment levels have hit a four-decade high.
Economic Survey: Take a cue from China to create 40 million jobs by 2025
Economic Survey: Take a cue from China to create 40 million jobs by 2025 Survey suggests integration of Assembling in India into Make in India
Stroll acquires stake in Aston Martin
A consortium that includes Quebec billionaires Lawrence Stroll and Andre Desmarais is taking a significant stake in British car manufacturer Aston Martin — a move expected to have repercussions in the Formula One world.
Apple Supplier Japan Display Reaches $930 Million Bailout Agreement With Ichigo
Struggling Apple supplier Japan Display has reached a deal with Ichigo Asset Management to receive up to 100.8 billion yen ($930 million USD) in bailout funding.
The Nigel Farage Show: live on Brexit Day
The Nigel Farage Show is live on Brexit Day from 6pm and you can watch it here.
20 new officers for Suffolk as council tax rise for police funding approved
Council tax bills in Suffolk are set to rise after an increase in the share of policing funding was approved.
NY Fed's GDP Nowcast fell to 1.5% for first quarter of 2020 from 1.7%
"Yesterday’s advance estimate from the Commerce Department of real GDP growth for 2019:Q4 was 2.1%. The latest New York Fed Staff Nowcast was 1.2%," n
Economic Survey 2019-20: GDP data accuracy story
The Economic Survey also added that since 10% increase in new firm creation increases district-level GDP growth by 1.8%.
Boris Johnson seems to lets slip HS2 WILL get the green light admitting that the government is 'in a hole' over the £100billion high-speed rail project but will 'keep digging'
Boris Johnson seemed to confirm the go-ahead for the controversial £100billion project in an interview with a 10-year-old on Sky News.
Saudi int’l reserves record three-year high in 2019
Riyadh – Mubasher: Saudi Arabia’s foreign reserves grew by 0.59% year-on-year in 2019, recording its highest level in three years. Saudi international reserves rose to $499.54 billion in 2019, compared to $496.59 billion in the year-ago period. It …
30 years later, Economic Survey lays down the ground for Liberalisation 2.0
Embracing capitalism in a new avatar
Extreme Volatility Inbound: Why Today Is Critical For the Crypto Market
The crypto market has risen over 40% since the start of 2020, thanks to gains from Bitcoin, Ethereum, XRP, and other altcoins.
Economic slowdown bottomed out, uptick from here onwards: CEA K V Subramanian after Economic Survey
Chief Economic Adviser K V Subramanian on Friday said India's GDP is expected to grow at 6-6.5 per cent next fiscal as the economic slowdown has bottomed out.
What Experts Want You To Know About Self-Managed Abortions
As abortion restrictions across the country seemingly grow by the day, self-managed abortion is over three times as prevalent in Texas than the rest of the country, according to a January study released by the University of Texas at Austin’s Texas…
Wipro: A new CEO should go beyond the tried and tested
Wipro on Friday said its CEO & MD has resigned from the company citing family commitments. A statement from the company said the Board of Directors has initiated a search to identify the next
Privatisation pitch: BPCL’s short-term price rally not a convincing argument
What really matters for long-term wealth creation is true reforms and free market
Bank of Ghana’s corporate guidelines pushes some board chairs and CEOs out of office
The Bank of Ghana has revealed that several board chairs and Chief Executive Officers (CEOs) of banks in Ghana have left their positions.
‘Buying a gun easier than opening a restaurant in Delhi: Chief Economic Advisor’
Analogy given by Chief Economic Advisor for improving the ease of doing business in India
The Bubble: Bigger, Fatter, Uglier
Reflecting on presidential debate proclamations past.What progress has been made in addressing the big, fat, ugly bubble identified in September 2016?What are the implications of the bigger, fatter, u
Does Sensex really mirror the economy?
Change in index constituents also influenced by trading volume, market capitalisation
Next-gen Mini is on hold over Brexit and cost-cutting
Mini reportedly has delayed the development of its next-generation Cooper, due to cost pressures and Brexit uncertainty. Most Minis are built in the UK.
7 European ETFs to Buy as the Continent Begins Its Rebound
European equity markets have long lagged the U.S. But these European ETFs are worth a second look with nice valuations and yields.
The real estate industry hopes for favorable financial decisions in budget 2020
Ashish Sarin, CEO, AlphaCorp Considering the role of the sector in economy, there is intense speculation and simultaneous optimism that the government would announce some growth measures for the segment.
Multibillion-dollar tax breaks for movie production are getting bad reviews, and some states are walking out
More and more states and cities are souring on the breaks they gave Hollywood production companies in hopes of becoming movie meccas.
OPEC's oil output in January declined 640K bpd to 28.35 million bpd
The crude oil output of the Organization of the Petroleum Exporting Countries (OPEC) fell 640,000 barrels per day (bpd) in January to 28.35 million bp
Burger King says it never promised Impossible Whoppers were vegan
Burger King said plaintiff Phillip Williams should have asked how Impossible Whoppers were cooked before ordering one
Brexit: Industry leaders give trade deal hopes and fears
LEADERS in Jersey’s fishing, farming and hospitality industries have outlined their hopes and fears as the UK prepares to leave the EU and negotiate a new trade deal by the end of this year.
Deficit at $11.8 billion
The federal government ran a deficit of $11.8 billion over seven months of its 2019-20 fiscal year compared with a deficit of $2.1 billion in the same period last year.
Coronavirus: SEAMATA urges traders to avoid business trips to China
southeast Amalgamated Market Traders Association, SEAMATA, has urged traders to shelve all business trips to China
Elon Musk: Full Self Driving May Be 'Feature Complete' But That 'Doesn't Mean Features Are Working Well'
During Tesla’s earnings call Wednesday evening Elon Musk mentioned that Full Self Driving tech is probably going to be released by the end of this year, and that the company may allow certain customers early access to a “feature complete” version of the software. Musk went on to clarify that this means the car...
Wealth creation to Thalinomics: All you must know about Economic Survey '20
The overarching theme of the Economic Survey 2019-20 is creation of wealth over time and the implementation of policies that act as enablers in creation of this wealth
Billionaire F1 owner leads rescue deal for 007 sport car maker Aston Martin: reaction
Luxury sports car maker Aston Martin Lagonda has agreed to sell a £182 million stake to a consortium led by a Canadian billionaire as part of a major fundraiser to protect the future of the British manufacturer.
African Economic Outlook indicates steady growth through 2021
AfDB's 2020 African Economic Outlook shows that growth remained stable in 2019 at 3.4% and is on course to pick up to 3.9% in 2020, and 4.1% in 2021.
Economic Survey 2019-20 highlights: Back to Adam Smith's Invisible Hand
India's aspiration to become a $5 trillion economy depends critically on strengthening the invisible hand of the market, it said. And this needs to be done with the hand of trust through government intervention by facilitating pro-business policies.
Premarket: World shares struggle for footing after virus-battered week
Oil and copper prices set for worst month since May
GDP growth neither over nor underestimated, data woes baseless: Eco Survey
The Economic Survey tabled in Parliament on Friday said the level and growth of a country's GDP informs several critical policy initiatives as it is a barometer of the economy's size and health
Listed companies in Taiwan required to disclose info in English starting July
The move signals Taiwan’s bid to draw foreign investors, which hold a combined 40 percent stake in local equity market
WTI pares back gains below $53 ahead of US drilling data
WTI (oil futures on NYMEX) reverses half the Thursday’s recovery rally and surrenders the $53 mark in European session this Friday. The black gold ext
GDP growth expected to rebound to 6-6.5 per cent in 2020-21: Economic Survey
The Economic Survey 2019-20 tabled in Parliament said there are tentative signs of bottoming out of slowdown in manufacturing activity and global trade, which will have a positive impact on growth in the next fiscal.
Markets cheerful despite slump in GDP growth, Sensex up 7%: Economic Survey
Benchmark indices Nifty50 and S&P BSE Sensex reached record highs during 2019-20 (up to January 16, 2020).
Market Pulse on January 30th
S&P 500 3283,66 +10,26.
Rural students spend more in books, uniform, stationery than urban: Survey
Among those who were enrolled, drop-out rate was as high as 10 per cent at primary level, 17.5 per cent at upper primary/middle, and 19.8 per cent at secondary level, the survey added.
Let's Be Blunt: ACT's New Cannabis Law Isn't About Legalisation
The ACT's new cannabis cultivation and possession laws has now come into effect, making it the first Australian state or territory to give weed the thumbs up. But before you start planning a weekend road trip to get baked at Questacon, we have some news for you. Lighting up in Canberra isn't going to be easy....
Warren Buffett's $4.6 million crypto lunch was eBay's priciest purchase in 2019. It still hasn't happened.
Warren Buffett’s $US4.6 million charity lunch was the biggest purchase on eBay in 2019. The eye-wateringly expensive meal still hasn’t taken place.
Taupo vaping ban totally misguided
Friday, 31 January 2020
Coronavirus Is Now A Public Health Emergency, What Does That Mean?
The World Health Organisation met today and declared the coronavirus from Wuhan (2019-nCoV) a public health emergency of international concern, or PHEIC....
Iranian Tae Kwon Do Fighter Moves To Bulgaria With Olympic Dream
Farzad Zolghadri, an Iranian tae kwon do fighter who moved to Bulgaria this month, says he wants to represent the Balkan country at this summer's Olympics in Tokyo, insisting that his decision has “nothing to do with politics.”
Push for micro-irrigation says Economic Survey
The Economic Survey say that through government schemes like the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) which was launched in 2015 the area under micro-irrigation was increasing.
Pakistan keen to join International North-South Transport Corridor: Ambassador Saeed Khan Mohmand
Ambassador of the Islamic Republic of Pakistan to Azerbaijan Saeed Khan Mohmand and the Military Attache of the Embassy for Azerbaijan and Georgia Nadeem Yaqoob Chaudhry were the guests of honour at the headquarter of International Eurasia Press Fund (IEPF). Being pleased from the long-time friendly relations between the organisation and the Embassy, the envoy expressed his deepest gratitude to the head of organisation as well as the Eurasia Diary’s Editorial for holding close cooperation with them. The Ambassador and the President of IEPF Umud Mirzayev discussed furthering this cooperation as well as touching on role of unbiased media in spread of truth in the world. During the meeting, the ambassador and IEPF president spoke of many issues including Kashmir and Garabagh problems. In his exclusive interview to Eurasia Diary, the Ambassador Saeed Khan Mohmand also answered several questions related to the roles of both countries in the development of economies, trades, tourisms and militaries of each other. 2019…
Warren Buffett’s $4.6 million crypto lunch was eBay’s priciest purchase in 2019. It still hasn’t happened.
Warren Buffett’s $4.6 million charity lunch was the biggest purchase on eBay in 2019. The eye-wateringly expensive meal still hasn’t taken place.
A little-known trucking company surges nearly 58% after Volkswagen unit makes a surprise offer to buy (NAV)
US truck manufacturer Navistar's shares shot up in pre-market trading Friday, after a Volkswagen unit said Thursday it could buy the company in ...
Varadkar rejects claims of ratcheting up Brexit fears
Fine Gael Leader Leo Varadkar has rejected claims that he has tried to frighten people into voting for his party by ratcheting up fears over Brexit.
OYO Hotels & Homes selects Sabre as its long-term strategic partner
SINGAPORE and ATHENS – Sabre Corporation has signed a strategic long-term global partnership with OYO Hotels & Homes. With this partnership, OYO will be connected to almost 900,000 travel agents globally, through the GDS connectivity solution powered by Sabre Hospitality Solutions’ innovative SynXis platform, that will help OYO generate increased bookings and open up additional revenue opportunities for its asset owners worldwide. Maninder Gulati, Global Chief Strategy Officer, OYO Hotels & Homes said, “At OYO Hotels & Homes, we have built
Eskom: Stage 2 loadshedding resumes, weekend reality
Eskom announced this morning that it will continue with stage 2 loadshedding from 9:00 today (Friday) until 6:00 on Monday 3 February.
Abidali Neemuchwala resigns as Wipro CEO, to hold position till successor is found
The company has not specified any time frame to find the successor.
Drug Price Control Order led medicines to become costlier: Economic Survey
Survey urges government to opt for bulk procurement to provide affordable drugs
Asia shares fight for footing after turbulent week
Asian share markets battled to regain their footing on Friday as investors clutched at hopes China could contain the coronavirus, even as headlines spoke of ever more cases and mounting deaths.
SBI profit jumps 41% to ₹6,797crore in Q3 on lower provisioning
Consolidated income rose to ₹95,384.28 crore in the third quarter from ₹84,390.14 crore in October-December 2018-19, SBI said in a regulatory filing
Jeff Bezos added £10,000,000,000 to his fortune in just 15 minutes
The world's richest man just got richer.
Volkswagen truck unit makes offer to buy Navistar in $2.9B deal
— Volkswagen AG’s Traton SE unit has offered to buy "the rest of" Navistar in a $2.9 billion bid, according to national media reports from Bloomberg and other outlets.
India's GDP growth neither over- nor underestimated, says Economic Survey
Recently, Arvind Subramanian, the Narendra Modi government's former chief economic adviser, had said India's economic growth rate has been overestimated by around 2.5 percentage points between 2011-12 and 2016-17 due to a change in methodology for calculating GDP.
US tourism & leisure industry sees a drop of 10.3% in deal activity in December 2019
The US tourism & leisure industry saw a drop of 10.3% in overall deal activity during December 2019, when compared with the last 12-month average, according to GlobalData’s deals database. A total of 35 deals worth $415.18m were announced in December 2019, compared to the 12-month average of 39 deals. M&A was the leading category in the month in terms of volume with 19 deals which accounted for 54.3% of all deals. In second place was venture financing with 11 deals, followed by
Realme Fitness Band First Look is Here! Official Launch Next Month - Gizchina.com
Realme is working on its first fitness band that will launch in the month of February 2020. Here is the first look at the fitness tracker.
Airbnb and The Bahamas sign a MoU to promote tourism to the country and launch global Sabbatical campaign
NASSAU, BAHAMAS - The Government of The Bahamas and Airbnb signed a memorandum of understanding (MoU) establishing a framework of mutual collaboration and cooperation on areas of common interest, including marketing promotion and good faith engagement. Airbnb spotlighted a suite of projects designed to help drive tourism to the country, commencing with today's announcement of The Bahamas Sabbatical - a global initiative that offers five participants a once-in-a-lifetime opportunity to live like an islander while joining Bahamians in welcoming travelers back
Amazon lifts profit in Q4 despite weak international ops, sees mixed Q1
Amazon said revenues for its fourth quarter advanced to USD 87.4 billion from 72.4 billion the year before, including a negative forex effect of USD 120 million, well in line with expectations. Despite a forecast for a lower profit, the operating profit crept up to USD 3.9 billion from 3.8 billion, and the net profit lifted to USD 3.3 billion or USD 6.47 per diluted share, from 3.0 billion and 6.04 per share.
Farm confidence rises but concern about compliance costs
Farm confidence rises but concern about compliance costs runs deep
Budget 2020: How can FM Nirmala Sitharaman put India back on growth trajectory towards a $5 trillion economy
Union Budget 2020:
Economic Survey 2020 draws heavy references from Kautilya's Arthashashtra
Economic Survey 2020: The document also defends Kautilya and says that he is often misrepresented because of impartial reading of Arthshashtra
Mick Clifford: Unwieldy and shouty debate produced plenty of heat but very little light
There is a lingering suspicion that everybody in Thursday’s TV leaders debate was administered a high dose of adrenaline as they entered the studio. All were out of the blocks as if they’d been pumped up on something, and none more so than co-presenter Ivan Yates.
Watchdog probes jump in sterling before Bank of England rate decision
City watchdog the Financial Conduct Authority has opened an investigation into the jump in the value of the pound shortly [...]
Gwyneth Paltrow’s wellness products condemned by NHS chief
Simon Stevens says people are wasting money and taking risks because of misleading claims
China's yuan finds its feet after vote of confidence by WHO on coronavirus
The World Health Organisation said late on Thursday that the coronavirus outbreak was a global emergency, but opposed travel ...
Coronavirus: Spurt in fertiliser import costs seen due to plant closure
Exporters not to worried for now, say concerns may kick in only if virus spread isn't controlled; leather sector stand to gain.
Economic Survey suggests cutting subsidy to increase fiscal legroom
Cutting the food subsidy can help provide more fiscal room, according to the Economic Survey.
Economic Survey Projects India's GDP Growth at 6-6.5 Per Cent for 2020-2021
New Delhi (Sputnik): Amid the widespread slowdown in the Indian economy, the government lowered its national income growth forecast for the current fiscal year from April 2019-March 2020 to 5 per cent against the earlier projections of 7 per cent.
Senate probes NNPC over $396m spent on refineries’ maintenance
The Senate on Thursday resolved to probe the Nigerian National Petroleum Corporation (NNPC) over the sum of $396 million expended on..
Bharti Airtel removed from DGFT’s Denied Entry List
Telecom major submits
Chinese tourists cancel trips to Canadian hotspots such as Banff, Yellowknife
Tour companies and hotels in destinations popular with Chinese tourists are starting to see cancellations after a new form of virus that has led to mass qua
Economic Survey 2020 projects GDP growth at 6-6.5% in FY21
The Economic Survey 2020, prepared by Chief Economic Advisor Dr Krishnamurthy Subramanian, was tabled by Union Finance Minister Nirmala Sitharaman in Parliament Friday.
Uptick in retail prices in FY20 mainly on veggies, pulses: Survey
The Economic Survey 2019-20, presented in Parliament by Finance Minister Nirmala Sitharaman stated that inflation has been witnessing moderation since 2014, however, recently there has been an "uptick
VN-Index plummets further amidst coronavirus crisis - VnExpress International
The benchmark VN-Index plunged 22.96 points, or 2.39 percent, to 936.62 Friday to reach its lowest level since February 11 last year.
China's factory activity falls in January as virus fears grow
Official figures released Friday showed that the Purchasing Managers' Index (PMI) for manufacturing, an early gauge of factory activity, came in at 50.0, down slightly from 50.2 in the month before. A reading above 50 indicates the sector is expanding while below 50 shows a contraction.
Chinese tourists cancel trips to Canadian hotspots such as Banff, Yellowknife
Tour companies and hotels in destinations popular with Chinese tourists are starting to see cancellations after a new form of virus that has led to mass quarantines and more than 200 deaths in China.
Unilever sales growth stagnates amid sluggish household consumption
The Anglo-Dutch company booked a 2.7 percent year-on-year (yoy) growth in sales to Rp 42.9 trillion (US$3.15 billion) in 2019, the company said in a statement obtained by The Jakarta Post on Thursday.
What happens if the internet’s most important law disappears?
If Facebook is held liable for everything you write, it'll stop letting you write.
Economic Survey 2020: Why CEA Refers to Band Baaja Baaraat Movie
"Even our South Indian audience can relate to this. The same situation was there in Tamil movie Aaha Kalyanam," the CEA said
IHG debuts upscale brand, voco in Africa with Valor Hospitality Partners Africa
JOHANNESBURG, SOUTH AFRICA - InterContinental Hotels Group, one of the world’s leading hotel companies, has signed voco The Bank, Rosebank in South Africa in partnership with Valor Hospitality Partners Africa. Earlier this year, IHG announced the signing of a Master Development Agreement (MDA) with Valor Hospitality Partners Africa to roll out multiple franchise hotels over the next 10 years, across IHG’s portfolio of brands in midscale, upscale and luxury segments. This is the first signing under the MDA and adds
The politics of construction: on violating building bylaws and land use rules
Why are brazen violations of building bylaws and land use rules still allowed, asks Nidhi Adlakha
The Week In Payments: China, China, Challenger Banks And Bitcoin
If there were a theme in the big headlines this week in payments, financial services and commerce, it would have been movement.
Warren Buffett's $4.6 million crypto lunch was eBay's priciest purchase in 2019. It still hasn't happened., Business Insider - Business Insider Singapore
Business Insider - Tron chief Justin Sun bought the charity meal with Berkshire Hathaway's boss but bailed at the last minute, sparking conspiracies.. Read more at businessinsider.sg
Funding National Infra Pipeline would be a 'challenge': Economic Survey 2019-20
To achieve GDP of USD 5 trillion by 2024 – 2025, India needs to spend about USD 1.4 trillion (Rs.100 lakh crore) over these years on infrastructure so that lack of infrastructure does not become a constraint to the growth of Indian economy, the survey said.
Govt plans to sell 15% take in HAL via offer for sale
The government is planning to sell 15 per cent stake in Hindustan Aeronautics Ltd (HAL) through an offer for sale, which could fetch about Rs 4,000 crore to the exchequer.
ASEAN sustainable finance: A huge gap means a huge opportunity
While many investors, corporations and financial institutions have announced a commitment to achieving the SDGs, capital is not flowing at the required speed to those countries where SDG investment matters most.
Formal employment rises from 17.9% to 22.8% in 6 years: Economic Survey
Economic Survey: A rise in share of formal employment indicates that more people are getting regular jobs and being employed in the organised sector.
China's factory activity falls in January as virus fears grow
China's manufacturing activity slipped in January, official data released Friday showed, as the country grapples with a new virus that has claimed more than 200 lives.
5 Cases Where The Wuhan Coronavirus Was Used To Discriminate Against Chinese
Some restaurants in Japan and South Korea are rejecting Chinese customers.
Bitfinex Exchange Launches Tether Gold (XAUT) Margin Trading with 5x Leverage
Bitfinex crypto exchange has announced the launch of its Tether Gold margin trading service. Traders on the platform can now trade various pairs of Tether Gold, including XAUt/USD, XAU/USDt and XAUt/BTC with up to 5x leverage, according to a press release on January 30, 2020.
Amazon lifts profit in Q4 despite weak international ops, sees mixed Q1
Amazon said revenues for its fourth quarter advanced to USD 87.4 billion from 72.4 billion the year before, including a negative forex effect of USD 120 million, well in line with expectations. Despite a forecast for a lower profit, the operating profit crept up to USD 3.9 billion from 3.8 billion, and the net profit lifted to USD 3.3 billion or USD 6.47 per diluted share, from 3.0 billion and 6.04 per share.
Brexit day: All change on January 31?
At the stroke of midnight, the UK enters into an 11-month transition period
CELLINK resolves directed share issue of SEK 377 million
The Board of Directors of CELLINK AB (publ) has, based on the authorization given by the Company’s Annual General Meeting that was held on 18 December 2019, resolved on a directed share issue of 3,890,000 new shares of series B (corresponding to approximately 10 per cent of the total number of outstanding shares in the Company) at a subscription price of SEK 97 per share (the “Share Issue”), which means that the Company receives SEK 377,330,000 before transaction costs.
Economist who counted $40 billion cost from SARS predicts far bigger hit from new coronavirus
The global cost of the coronavirus could be three or four times that of the 2003 SARS outbreak, which sapped the world's economy by $40 billion, according
Risky Time For A Valero Investment
VLO beat earnings estimates for 4Q19.But market conditions have since deteriorated.Product stocks are oversupplied and refinery margins have dropped.The virus in China is a headwind of unknown depth a
Rewane outlines sectors to drive economy in 2020
Bismarck Rewane says Nigeria’s economic growth will be dependent on three sectors going into 2020.
Bank employees across India participate in two-day nationwide strike
The employees have joined the strike as the early wage revision settlement has been due since November 1, 2017
Vote no on Arlington schools bond and levy
For the fourth time in two years, the Arlington School District is proposing a bond ($91 million) to be repaid over 21 years.
Michael Gove admits post-Brexit trade with the EU will NOT be 'frictionless' as Boris Johnson 'prepares to ask Brussels for an "off-the-shelf" Canada-style deal'
Michael Gove today admitted UK trade with the EU after Brexit will not be 'frictionless' as Boris Johnson prepares to ask Brussels for an 'off-the-shelf' future partnership agreement.
Amazon's latest milestone: 150 million Prime members
Amazon had another prime holiday season.
PSU banks staff strike may affect branch, ATM services
However, private sector lenders like ICICI Bank and HDFC Bank would be operational.
Profit jumps at Hargreaves Lansdown despite Woodford scandal
Profit before tax at investment platform Hargreaves Lansdown climbed 12 per cent in the first half of its financial year [...]
Why Africa can no longer be ignored - AfDB - Premium Times Nigeria
The president of the African Development Bank (AfDB), Akinwunmi Adesina, has said that Africa can no longer be ignored because it has a huge market...
Bill Gates predicted a coronavirus-like outbreak - down to it starting at a Chinese market - in 2019 Netflix documentary show 'The Next Pandemic'
In an episode of the Netflix 'Explained' series aired late last year billionaire Bill Gates warned of the likelihood of a global pandemic breaking out from one of China's wet markets
VP Chiwenga Slammed By Judge For False Accusations Against Marry
VP Chiwenga Slammed By Judge For False Accusations Against Marry. VP Chiwenga through his lawyer was slammed by a high court judge for fabricating evidence
Billionaire F1 owner leads major rescue deal for sport car maker Aston Martin
Luxury sports car maker Aston Martin Lagonda has agreed to sell a £182 million stake to a consortium led by a Canadian billionaire as part of a major fundraiser to protect the future of the British manufacturer.
Business Development Ministry is uselessly needless – Mahama
Former President of Ghana, John Dramni Mahama says it’s needless to have set up the Business Development Ministry. Akufo-Addo in his tenure has set up the Business Development Ministry to promote the private sector in Ghana. But speaking to a section of the media in a Facebook Livestream event, the former President noted that it was needless setting up that Ministry. “I don’t think that you need a Business Development Ministry to promote Private Sector Growth. We had the Ministry of Trade that was handling aspects of it, Finance was handling aspects of it and all that and I think that that is sufficient.” The flagbearer of the NDC indicated that he hasn’t seen anything that the Business Development Ministry since it was set up has done to boost the private sector.
Chakli on wheels to give Arya Vysyas a lift
The Karnataka Arya-Vysya Community Development Corporation has proposed a new self-employment scheme under which affordable loans of Rs 5-10 lakh will be given to members of the community wishing to start snacks-on-wheels business.
Local automakers face difficulties sourcing auto parts from China
South Korean automakers are struggling to operate manufacturing lines here following difficulties in sourcing components from China due to the suspension of factory operations in the mainland. According to Hyundai Motor Group, the automaker has decided to cancel extra working hours at its Ulsan and Jeonju plants this week, following the temporary shutdown of the two partnering factories in China that are respo...
Farm confidence rises but concern about compliance costs is deep - Federated Farmers
Farmers are feeling slightly more positive than they were six months ago but very few believe general economic conditions will improve in the year ahead, the Federated Farmers Mid-Season Farm Confidence Survey shows.
IBM chief Ginni Rometty to step down
Cloud business boss Arvind Krishna to succeed.
Nirmala Sitharaman’s bahi khata: More for aam adami?
The buzz is that she will be addressing the demand side of economy — giving consumers more money to spend without cutting back on government expenditure on social schemes
Mayor Pete’s South Bend Awarded No Major Contracts to Black-Owned Firms for Three Years
DES MOINES, Iowa—Of the many pledges that Pete Buttigieg has made in his as-yet unfruitful quest to earn the support of black voters, his guarantee that a quarter out of every federal contracting dollar will be awarded to minority- and women-owned businesses is one of his most ambitious. “Look at what
GAN expects earnings to beat market expectations
Gambling software company anticipates earnings of between £7m and £8m
Notable turnaround in mineral production due to policy reforms: Survey
The production of major minerals during 2018-19 has recorded a growth of 25 per cent over previous year in terms of value, it said
Arlington kids need new middle school; vote for the bond
No one likes taxes, but we also can’t have schools that are not safe. I’ve toured the current Post Middle School and I can certainly understand the conclusion that the cost of bringing it up to safety standards, including seismic codes, would be more or as much as the cost of building a new school. This was the same conclusion that was reached when the time came to do something with Presidents Elementary. It was a good decision then to replace Presidents Elementary and it is a good decision now to replace Post Middle School.