Business

Pakistani plane crashes after takeoff with 48 people aboard

The ATR plane PK-661 with 47 people crashed near Havelian while en route to Islamabad from Chitral in Khyber-Pakhtunkhwa province. The pilot of the ATR-42 turboprop aircraft contacted ground authorities after one engine failed and issued a Mayday call at 4.14 pm local time (1114 GMT), Azam Saigol, the airline's chairman, told a news conference Wednesday in Islamabad . [Full Article...]

European Central Bank adds half a trillion euros in stimulus

Ten-year United States treasury yields rose over five basis points (0.051%) to 2.3962% while yields on comparable bunds, or German government bonds, edged up 0.004% to 0.3760%. Worse, core inflation, which includes volatile fuel and food, remained stuck at 0.8 percent in November lower than the 0.9 percent reading from a year ago. [Full Article...]

Americus Police: A suspect is dead

Americus Police: A suspect is dead Bryant told reporters in the small Georgia town 130 miles south of Atlanta that the informant was at the house when Lembrick arrived. A Georgia man is the subject of a police manhunt and reward after a shooting in the city of Americus, Georgia, yesterday. [Full Article...]

Shoppers flock to stores to snatch up Black Friday deals

Shoppers flock to stores to snatch up Black Friday deals One employee, Angela Moore, has worked at the store for nine years and says you have to love retail to work on Black Friday. There was a line before 3 p.m.at JC Penney on Thursday, said Matt Ludemann, manager of Golden Triangle Mall, which houses the store. [Full Article...]

Nuclear security at par with int'l standards: Pak

Nuclear security at par with int'l standards: Pak It said Pakistan's nuclear security arrangements have been recognized at the global level by several high-ranking officials and experts. "We invite the Agency to take the lead in promoting work on the technology dimension of nuclear security". [Full Article...]

SC orders BCCI to release Rs 1.33 cr for two matches

SC orders BCCI to release Rs 1.33 cr for two matches In an affidavit before the Supreme Court, Mr. Thakur said "the removal of democratically-elected office bearers of the BCCI or State cricket associations will not result in any benefit to the game and shall instead paralyse the administration". [Full Article...]

RBI credit policy impact: Sensex snaps 2-day gains, drops 156 points

The Bombay Stock Exchange Sensex dropped by 155.89 points to close at 26,236.87, while the National Stock Exchanged Nifty ended at 8,102.05 on Wednesday. European markets too were trading in the positive terrain in their early deals. Frankfurt's DAX 30 gained 1.10 per cent while France Paris CAC 40 climbed 1 per cent. [Full Article...]

Jayalalithaa buried, Panneerselvam named as the new CM to unite party

Jayalalithaa buried, Panneerselvam named as the new CM to unite party Extra police have been deployed in the state amid fears of unrest due to the extreme devotion she inspires among her supporters, many of whom refer to her as " Amma " (mother). "Her benevolent measures endeared her to one and all". There's even a statue of her in blood . At the time, thousands of people prayed and fasted outside the hospital for her recovery. [Full Article...]

Spread-betting industry loses £1bn after City watchdog steps in

The regulator claims some levels of leverage now offered to retail customers exceed 200:1. Firms would not be allowed to give form of trading or account opening bonuses or benefits to promote CFD products, the FCA said. One of the proposed new rules is setting lower leverage limits for inexperienced retail clients with less than 12 months' experience of active trading in CFDs, with a maximum lever... [Full Article...]

Trump takes on another Mexico-bound Indiana manufacturer

Trump's incoming White House chief of staff, said "it's possible", penalties could still be leveled against the company, considering they've continued to shift some jobs south of the border. This tax will make leaving financially hard, but. Donald Trump is taking on another IN manufacturer that has plans to let go of workers and move operations to Mexico. [Full Article...]

Italy vote won't trigger new euro crisis: Ministers

Analysts expect that Mr Mattarella would try to appoint a transition government to draft a new election law, with speculation centred on either Mr Renzi's finance minister, Pier Carlo Padoan, or the president of the Senate, Pietro Grasso. He also insisted the the result was not an anti-Europe or an anti-EU vote. "The problems that we have today are the problems we had yesterday and they still have... [Full Article...]

Beijing faces decision on how to respond to Trump's tweets

The president of the United States accused China of devaluing its currency in order to make a better competition to the U.S. businesses and built a vast military complex in the South China Sea. Immediately after the call, Trump faced a backlash from critics for his brash move and formal complaint from Beijing. Trump's conversation with Tsai drew an irritated, although understated, response fro... [Full Article...]

United Kingdom cuts growth forecasts in first budget plan since Brexit vote

Public sector net debt should also be falling as a percentage of economic output by the end of the current parliament while welfare spending must also remain inside a cap set by the government, Hammond said as he set the government's new fiscal rules. [Full Article...]

Bank of England moves to make £5 note vegetarian

A statement from the Bank said: "We are aware of some people's concerns about traces of tallow in our new five pound note". The UK's central bank also emphasised that it was unaware that the note would contain tallow at the time the contract to print them was signed with supplier Innovia. [Full Article...]

Malaysian PM leads protest against 'genocide' of Rohingya

Addressing a 5,000-strong rally in Kuala Lumpur , Najib Razak said the Myanmar government must stop the bloody crackdown in its far west that has sent thousands of Rohingya fleeing, many with stories of rape, torture and murder. "Don't protest against Ahok (Jakarta Governor Basuki Tjahaja Purnama) only, the Rohingyas must be fought for, they can rally in Jakarta, we want to show we are not please... [Full Article...]

America's jobless rate falls, payrolls rise

America's jobless rate falls, payrolls rise So far this year, the economy has added a monthly average of 180,000 net new jobs, down from an unusually strong 229,000 monthly average in 2015. President-elect Donald Trump has promised to spend heavily on rebuilding America's infrastructure, which will have the domino effect of creating jobs and increase inflationary pressure in coming months. [Full Article...]

Rep files amendment to eliminate Electoral College

Recent tallies show Trump trounced Clinton by a mere 46,000 votes in the state. "On December 19, the Electors of the Electoral College will cast their ballots". The petition, entitled "Electoral College: Make Hillary Clinton President on December 19", calls on the college's members to vote for Clinton, who won the popular vote handily on November 8. [Full Article...]

The people are my high command- Modi says in UP rally

The people are my high command- Modi says in UP rally I want to ask those politicians who are crying over these long queues". "We had to stand in queue to buy sugar, to buy kerosene, to buy wheat". What I have done is to start a queue to end all queues. "They are the ones complaining against the government's demonetisation move", he said. If there was a fear among those who had allowed their Jan Dhan accounts to be used by others to park unaccoun... [Full Article...]

Trump takes on another Mexico-bound IN manufacturer

Trump takes on another Mexico-bound IN manufacturer Though Carrier is still planning to fire over a thousand of their employees, his ability to retain the thousand jobs was notable - but not free from scrutiny. Not going to happen. Seven hundred will move from a separate plant in Huntington, Indiana, which will be closed. They now belong to Trump's populist working-class party, he said . [Full Article...]

Army Sgt. Bowe Bergdahl seeks pardon from Obama to avert desertion trial

Army Sgt. Bowe Bergdahl seeks pardon from Obama to avert desertion trial His court martial is scheduled to begin May 15. The Army general who investigated Bergdahl's disappearance from a remote outpost in eastern Afghanistan on June 30, 2009 recommended that Bergdahl not receive jail time . Fidell expressed concerns over statements made by Senate Armed Services Committee Chairman John McCain, Arizona Republican, who promised to schedule a hearing in the event Sgt. [Full Article...]


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