Business

Lavrov confirms Russia's commitment to maintain sustainability of Iran nuclear deal

Lavrov confirms Russia's commitment to maintain sustainability of Iran nuclear deal Russian Federation is now subject to strict USA sanctions over its 2014 annexation of Crimea. China's Foreign Ministry said on Wednesday UN resolutions are clear that the Korean peninsula issue should be resolved through peaceful and diplomatic means, after US President Donald Trump warned he would "totally destroy" North Korea if threatened. [Full Article...]

Sensex drops 232 points on rupee slipping to 4-month low

Sensex drops 232 points on rupee slipping to 4-month low The Sensex and Nifty were trading down by almost one per cent due to sustained foreign fund outflows and weak global cues. It ended 447 points down at 31,922.44 points. The sentiment weakened further after heavy losses in Asia, set off by China sovereign rating downgrade on fears over its ballooning debt and a lower opening in Europe. [Full Article...]

Freeland touts 'made in Canada' NAFTA approach, meet with advisory panel

Freeland touts 'made in Canada' NAFTA approach, meet with advisory panel Another reason is that the rules include a concept called substantial transformation, which means that if further processing of a non-NAFTA item is done by a NAFTA partner, the non-NAFTA items are "transformed" and are deemed to have been produced in the United States, Canada or Mexico. [Full Article...]

Indian basket of oils at $55; producers meet on output cuts

Indian basket of oils at $55; producers meet on output cuts According to Russian media, Russia's Energy Minister Alexander Novak has said that the panel would discuss a monitoring procedure for oil exports at the meeting. While good news for motorists and industries dependent on oil products, the low price hurt the finances even of rich Gulf countries, to say nothing of stricken OPEC member Venezuela. [Full Article...]

Mahira Khan slammed by haters for viral pictures with Ranbir Kapoor

Mahira Khan slammed by haters for viral pictures with Ranbir Kapoor Mahira Khan made her Bollywood debut with Raees , co-starring Shah Rukh Khan . Mumbai: Pakistani actor Mahira Khan was trolled on social media after some pictures surfaced on Twitter which showed her smoking along with actor Ranbir Kapoor . [Full Article...]

US Fed announces plan of $4.5 trillion balance sheet reduction

US Fed announces plan of $4.5 trillion balance sheet reduction As widely expected, the Fed announced a decision to end the unprecedented quantitative easing program by gradually unwinding its $4.5 trillion balance sheet , from next month onwards, and shared that another interest rate hike is likely this year. [Full Article...]

Fed announces a start to modestly reducing its bond holdings

Fed announces a start to modestly reducing its bond holdings The Fed built up its portfolio of government and mortgage-backed bonds in response to the Great Recession - an effort to keep borrowing costs low to help spur more economic activity and protect home prices that had been cratering after the housing bubble burst a decade ago. [Full Article...]

Mobile Giants Sprint, T-Mobile on Verge of Merger

Mobile Giants Sprint, T-Mobile on Verge of Merger Revenues would top $70 billion and, analysts said, there would be massive scope to cut costs. The sources asked not to be identified because the negotiations are confidential. That deal would have put SoftBank in control of the merged company, with Deutsche Telekom becoming a minority shareholder. In the years since, T-Mobile has rejuvenated its business with a series of bold and innovative in... [Full Article...]

Tesla may be working with AMD on AI chip for cars

Tesla may be working with AMD on AI chip for cars Nvidia declined to comment. GlobalFoundries, which fabricates chips, has a wafer supply agreement in place with AMD . "As we develop these new technologies, we are also seeing a big shift in the business model and the foundry business. [Full Article...]

Padmavati First Look: Deepika Padukone's Padmavati Posters

Padmavati First Look: Deepika Padukone's Padmavati Posters Padmavati will bring to screen one of the most treasured Rajasthani folklore. Ranveer Singh plays the role of Khilji and Shahid Kapoor is essaying the role of Padmini's husband Rana Rawal Ratan Singh, the ruler of Mewar. The actress revealed the first look on Twitter, and she wrote about the Sanjay Leela Bhansali film, "Devi sthapana ke shubh avsar pe miliye Rani Padmavati se". [Full Article...]

SEC suspects hackers used stolen insider info for trading

SEC suspects hackers used stolen insider info for trading The cybersecurity risks there are huge; a hacker could, for example, sniff out investors' trading strategies and try to game them. While the weakness was "patched promptly after discovery", it still resulted in hackers gaining access to nonpublic information, according to the agency. [Full Article...]

Ryanair plans to make pilots change holidays

Ryanair plans to make pilots change holidays Rather than diffusing an on-going standoff with his airline's pilots, Ryanair CEO Michael O'Leary escalated the situation on Thursday, threatening to cancel some of their scheduled leave and characterizing their jobs as cushy. The company's colourful chief executive Michael O'Leary announced the recruitment drive at Ryanair's AGM meeting, now taking place in Dublin. It had offered 12 thousan... [Full Article...]

Britain says suspends training of Myanmar military following violence

Britain says suspends training of Myanmar military following violence Facebook enabled the advertisers to direct their pitches to the news feeds of nearly 2,300 people who expressed interest in the topics of "Jew hater", "How to burn jews" or "History of why jews ruin the world", a ProPublica investigation has revealed. [Full Article...]

Tata Steel signs MoU which could safeguard 8000 United Kingdom jobs

Tata Steel signs MoU which could safeguard 8000 United Kingdom jobs Due diligence on the deal will now take place, with the aim of signing the final contract in the early part of 2018. In a statement Heinrich Hiesinger, CEO of thyssenkrupp AG said: " Under the planned joint venture, we are giving the European steel activities of thyssenkrupp and Tata a lasting future". [Full Article...]

Toys 'R' Us' unusual silence forced its bankruptcy

Toys 'R' Us' unusual silence forced its bankruptcy The toy giant said its roughly 1,600 global stores will continue to operate normally, with the vast majority profitable, but it has struggled with the burden of $5 billion in long-term debt. Lee explained that while a decade ago children were playing with traditional toys, the store needs to adapt to the " new kids on the block" that would rather buy electronics. [Full Article...]

BoE's Mark Carney says United Kingdom rate hike looms in Brexit-hobbled economy

BoE's Mark Carney says United Kingdom rate hike looms in Brexit-hobbled economy In his speech, Mr Carney also discussed the impact of globalisation, demographics and technology on the world economy and monetary policy. An economics think tank says the Bank of England's (BOE ) latest policy adjustment will allow the United Kingdom to offset post-Brexit headwinds, restoring consumer spending and investment. [Full Article...]

Oil Jumps After US Gasoline Stockpiles Plunge to 22-Month Low

Oil Jumps After US Gasoline Stockpiles Plunge to 22-Month Low OPEC and producers, including Russian Federation, have agreed to reduce output by about 1.8 million barrels per day until March 2018 to reduce global oil inventories and support prices. At $55.50 a barrel, Benchmark Brent crude was up 3 cents at 2:03 p.m. ET (1803 GMT), in an unstable session that made it stretch from a high of $55.75 a barrel to an intraday low of $54.86. [Full Article...]

Ryanair cancels hundreds of flights after 'messing up pilot holidays'

Ryanair cancels hundreds of flights after 'messing up pilot holidays' The Ryanair CEO stated: "All customers on the affected flights will receive an email highlighting the alternative flights they can transfer to hopefully on the same day". In a statement released today, the no-frills airline said the cancellations would happen over the next six weeks. You should get your money back within seven days or given an alternative flight . [Full Article...]

Avast's CCleaner software used to spread malware

Avast's CCleaner software used to spread malware In a security notice posted earlier today, Piriform vice president of products Paul Yung apologized to users for the security issue and added, "to the best of our knowledge, we were able to disarm the threat before it was able to do any harm". [Full Article...]

Anna Nordqvist defeats Brittany Altomare on first playoff hole in Evian Championship

Anna Nordqvist defeats Brittany Altomare on first playoff hole in Evian Championship But with the final hole bogey, she dropped to eight under par, one shot behind Brittany Altomare and Anna Nordqvist. The 2009 LPGA Championship victor, who battled glandular fever (mononucleosis) this summer, outlasted third-year-pro Altomare under borderline-unplayable conditions similar to those on Thursday that forced the LPGA to reduce the tourney to 54 holes. [Full Article...]


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