Economy 688
Chinese investments in Malaysia halve, US inflow soars, new govt data reveals
KUALA LUMPUR, Nov 29 — Chinese investments into Malaysia halved to US$1.7 billion in the first nine months of the year from a year ago, though US investments soared seven times to US$5.9 billion — reflecting a diversion of funds due to the Beijing-Washington trade clashes. Data provided by the...
Gross Domestic Product growth falls to 4.5% in Q2 of 2019-20
The Gross Domestic Product growth fell to 4.5 per cent in the second quarter of the year 2019-20.
Low subscriber numbers and debt kill Cell C Black
Disappointing subscriber numbers and a poorly executed strategy led to the closure of Cell C’s streaming service, Black.
Letters for Nov. 29
Don’t speed and you won’t payRe: Police chief opposed to nixing photo radar, Nov. 27I have been caught speeding by photo radar more than once. Guess what? I was speeding.Reviewing photo radar on th…
India quarterly growth falls to worst level in six years
India's economy grew at its slowest pace in more than six years in the July-September period, down to 4.5 percent from 7.0 percent a year ago, according to government figures released Friday that piled more pressure on Prime Minister Narendra Modi.
Focus will be on Canadian GDP – TDS
Analysts at TD Securities (TDS) offered a brief preview of Friday's only important release of the Canadian GDP growth figures, scheduled later during
‘Steel output target of 300 mt is challenging amid issues over raw material availability’
The Indian steel industry will be able to achieve its crude steel production target of 300 million tonnes (mt) by 2030 only if the issues surrounding raw material availability are addressed. The st
Railways saw least number of accidents in last two and half years: Goyal
"The last 2.5 years have been the safest in the history of Indian Railways. There have been least number of accidents in the last 2.5 years", the minister said
Surge of activity in Auckland investment market - Colliers
A strong surge in activity over the last two months has contributed to a record year across all four offices that make up Colliers International’s Auckland Investment Sales team.
Oil to be stuck in a rut in 2020 as slowing demand fuels glut
Opec unlikely to opt for deeper output cuts.
India’s Core Sector Output Shrinks 5.8% In October, Lowest In Over A Decade
As many as six of eight core industries saw a contraction in output, indicating the severity of the economic slowdown in India.
Gotabaya Rajapaksa's visit has potential to boost bilateral trade, investments with Sri Lanka: Assocham
"We can significantly increase our bilateral trade from the present level of about USD 7 billion. Besides, mutual investment can also flourish in a number of areas, including ports, airports, highways, metro rails, telecommunication, petroleum products and hydel power," Assocham President B K Goenka said.
EM stocks fall on trade deal doubts; Lira firms on central bank comments
BENGALURU (Nov 29): Emerging markets stocks fell on Friday on worries that a new US law backing Hong Kong protesters could hinder progress in resolving the Sino-US trade war, while comments from the Turkish central bank breathed new life into the lira.MSCI's stock index for emerging markets fell nearly 1%, extending losses to the second straight session after US President Donald Trump signed into law on Wednesday legislation that supported the protesters, a move that China said it would
National Centre for Biosensors to be set up at Alagappa University
Office of Principal Scientific Advisor to fund it
Swedish economy ups pace in Q3, supports Riksbank hike plans
STOCKHOLM — Sweden’s economy accelerated slightly in the third quarter from a tough start to the year, data showed on Friday, providing some support for the central bank’s plan to increase the benchmark rate at its meeting in December.
Eurozone unemployment's falls to lowest rate since July 2008
LONDON (AP) - Unemployment across the 19-country eurozone has fallen to its lowest rate since July 2008 even though growth is cooling in the face of headwinds like the U.S.-China trade war and uncertainty related to Britain's departure from the European Union.
German car industry reels as Daimler cuts 10,000 jobs
Some 50,000 cuts have been announced across the sector as automakers restructure
New World Fund sells Adani Ports shares worth Rs 401 crore
Bulk deal data on the BSE showed that 1,06,87,163 scrips were sold at an average price of Rs 375.34 apiece.
Top U.S. retailers absorb tariff pressure ahead of holiday shopping season
WASHINGTON (Reuters) - Prices for electronics sold online at top U.S. retailers were up slightly heading into the critical U.S. shopping season, but sites including Walmart Inc (WMT.N) and Amazon.com Inc (AMZN.O) have held prices steady for many other popular holiday products despite the pressure from tariffs on Chinese imports.
Pfizer, Flynn face reinstatement of £90m CMA fine
The UK’s competition regulator is pushing to reinstate a £90m fine for Pfizer and Flynn Pharma – quashed last year – over price hikes for an epilepsy drug.
Daily Mail owner to buy i newspaper and website for £50m
Mail group sees opportunities for cost synergies
FM's remarks on economy disappointing, crisis entirely home grown: Sinha
Sinha said that even now, the government is largely in denial
Over 75% of the Digital Wallet Users in Bulgaria Are Men
Over 75% of the digital wallet users in Bulgaria are men. 31% of all consumers live in Sofia, 15% live in Varna, 6% - in Plovdiv.
QL Resources 2Q net profit up 15%
KUALA LUMPUR (Nov 29): Poultry farmer QL Resources Bhd saw its net profit rise 15.1% to RM69.68 million in its second financial quarter ended Sept 30, 2019 (2QFY20) from RM60.52 million a year ago, mainly due to higher sales from its marine product manufacturing (MPM) segment.This resulted in a higher earnings per share of 4.29 sen for 2QFY20 compared with 3.73 sen for 2QFY19.Revenue for the quarter rose 16.6% to RM1.07 billion from RM920.26 million a year ago.In a
December fuel price prognosis - a mixed bag for motorists | IOL Motoring
Petrol prices are set to increase slightly in December, while diesel is set to go down, according to month-end data.
4.5 % GDP growth rate unacceptable, worrisome: Manmohan Singh
Former Prime Minister Manmohan Singh said on Friday the GDP growth rate of 4.5 per cent was unacceptable and worrisome, and urged his successor Prime Minister Narendra Modi to set aside 'deep-rooted suspicion' of society and nurse India back to harmonious, mutually trustworthy society that can help the economy soar.
Winsborough extends leadership footprint
Elaine McCaw, a leadership luminary, joins Winsborough Limited this month as an Independent Director of the Board.
NZ Bus advised of industrial action by FIRST Union and Tramways Union
NZ Bus has been advised by FIRST Union and the Tramways Union that drivers will be taking strike action from next week that will affect a number of routes.
Hut 8 Purchases 9 Data Centers from Bitfury for $7 Million
Hut 8 Mining Corp on Thursday announced the acquisition of nine Blockbox AC data centers from the BItfury Group, costing $7 million.
Why This Top Aerospace Stock Is Poised to Fly Higher
One of the best-performing industrial stocks of the last decade shows no signs of slowing down.
Rupee slips 11 paise to 71.73 against USD ahead of GDP
India's economy grew at 5 per cent in the first quarter of 2019-20 -- the slowest pace in over six years.
ACB Stock Price: Aurora Cannabis Inc. sets higher lows, shrugging off financial fears
Aurora Cannabis Incorporated, which is headquartered in Edmonton and trades at the Toronto Stock Exchange (TSE) has risen on Thursday at and closed at
Month of rail strikes starts on Monday and will disrupt Christmas trains
Dispute is over guards on South Western Railway trains
$20 Billion in Assets on the Move to New Blockchain in 2020 by British Powerhouse HSBC: Report
Blockchain technology will power a new platform launched by HSBC. Reuters reports that the British banking giant is releasing Digital Vault in 2020. The blockchain-based custody solution will grant investors real-time data for securities that are bought on private markets. Paper records primarily comprising private placement transactions will be swapped for blockchain records, making HSBC’s […]
Daimler to cut thousands more jobs in bid to reduce costs
Car manufacturer struggling with cost of electic vehicles
Bad RCS implementations are creating big vulnerabilities, security researchers claim
More problems for the SMS successor
Tories slammed by free market groups over state aid pledges
Business and free market groups slammed pledges today by Boris Johnson to expand state aid for businesses if the Conservative [...]
India: Economy grew 4.5% in Q2 vs. 4.7% expected
The data published by the Ministry of Statistics on Friday revealed that the Gross Domestic Product (GDP) in India expanded by 4.5% following the %5 g
AmBank Group to disburse up to RM6b of loans in 2H 2020
KUALA LUMPUR, Nov 29 — AMMB Holdings Bhd (AmBank Group) targets to disburse up to RM6 billion in loans in the second half of its financial year ending March 31, 2020 (H2 2020), driven by the current positive sentiment in the industry’s loan growth segment. Chief executive officer Datuk Sulaiman...
Wagners secures contract for Adani’s Carmichael mine
Wagners has secured a contract from Adani Mining to deliver a quarry operations package for the Carmichael project in the Galilee Basin.
US merger rush stirs debate over equities bull market
Some see signs of rally’s impending end in rash of multibillion dollar tie-ups
India quarterly growth falls to worst level in six years
MUMBAI, Nov 29 — India’s economy grew at its slowest pace in more than six years in the July-September period, down to 4.5 per cent from 7.0 per cent a year ago, according to government figures released today that piled more pressure on Prime Minister Narendra Modi. The expansion in Asia’s...
Take Five: NATO -- dead or alive?
(Reuters) - 1/ HAPPY BIRTHDAY NATO!
PSD decries PNL's social experiments with establishing minimum wage
The Social Democratic Party ( PSD ) argues that the calculation model proposed by National Liberal Party (PNL) for establishing the minimum...
Costco extends its Thanksgiving day promotions after its website crashes for several hours, preventing furious customers from shopping the deals
Costco is extending its Thanksgiving day online promotions to customers in the US after its website crashed for several hours and shoppers were unable to shop the sales.
CBOT Trends - Corn, wheat seen steady to higher; soybeans mixed
CHICAGO, Nov 29 (Reuters) - Following are U.S. trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CST (1430 GMT) on Friday.The markets were closed on Thursday for the Thanksgiving holiday.WHEAT - Steady to up 2 cents per bushel* There were no deliveries against the CBOT's December wheat contract on first notice day on Friday. Traders expected deliveries of zero to 400 contracts, with most anticipating none.
November Portfolio Update - Prefs And Finance
This month saw a smaller amount of overall investments, mostly going into finance, some oil/energy, preferred stock, and other debt instruments.FX is somewhat improved, but still at prohibitive levels
Is India Inc getting aggressive on cutting costs via VRS?
Voluntary retirement scheme (VRS) is a popular method to reduce surplus staff. Many large public and private sector companies have implemented VRS in recent years
Bonanza Creek Energy: Strong Operational Performance Adds To Its Value
Bonanza Creek has delivered at the high end of production expectations while spending towards the lower end of its original capex budget.Production growth may be lower in 2020 as it attempts to minimi
Maria 01: The Future of The Largest Startup and Venture Campus in Europe
From the creators of Slush, the Maria 01 Startup and Venture Campus in Helsinki is a mini-city within the city, expanding to become Europe's best and largest startup campus, a place every startup and VC must know about.
Why Sharing Your Disney+ or Netflix Password Is a Bad Idea
It can be tempting to share your various service logins with a pal, especially because they ain’t getting any cheaper. But you might think twice before handing those Netflix or Disney+ credentials over to a friend—particularly if your password and account protection protocols are lax.
Slow Q2 GDP growth: Weak credit, manufacturing need fixing, say experts
The rate of economic expansion was the lowest in more than six years; it slipped from 5 per cent in Q1 this year and 7.1 per cent in Q2 of FY19
BPCL Privatisation: DIPAM Appoints Deloitte As Adviser For Strategic Sale Of India’s Second Largest Oil Refiner
Some global petrochemical giants, including Saudi Aramco have expressed interest in the assets of BPCL
Rs 2,000 notes not much in use, can be taken out of circulation: S C Garg
Rs 2000 notes were circulated by RBI in November 2016 after demonetisation of Rs 500 and Rs 1,000 notes
What Japan's next stimulus package should aim for
The government's challenge will be to put together a spending package that shores up consumer spending and increases the economy's growth potential.
Vanguard International Dividend Appreciation ETF: Exposure To High-Quality Foreign Stocks
VIGI screens for non-U.S. stocks with at least a seven-year consecutive history of increasing the dividend amount.Fund has outperformed some other widely traded foreign stock ETFs in recent years.VIGI
CrowdOwnership: LandWey launches online investment platform for real estate co-ownership
In a bid to create a profitable, vibrant and viable entry into real estate investment by pooling intending real estate investors together to collectively...
Infosys inks pact with Services Australia to digitise welfare entitlements
IT services major Infosys on Friday said it has inked an agreement with Australian federal government’s Services Australia to transform the entitlement calculation engine for the nation’s welfare syst
Exclusive: Mexico's Pemex fights in court to suspend clean diesel rule - documents
Mexico's state-run oil company Pemex has been fighting for almost a year in court to suspend a rule issued by the previous government, requiring ...
StudentFinance.com, founded by the team behind Uniplaces, raises €1.15 million to reshape education financing using AI technology
StudentFinance, a Fintech company created by the founders of Uniplaces, has today announced it has closed a €1.15 million seed round of funding led by Seedcamp (investors in Revolut and TransferWise – two of the largest fintechs in Europe) and Mustard Seed Maze.
Business Cycle Data And Investor Sentiment Supportive Of Higher Equity Prices
One factor impacting investor sentiment at the moment may be the fact the equity market has generated strong returns to date in 2019.With the strong equity market returns in 2019, investors seem to be
Malaysia beats Thailand in video streaming experience, says Opensignal report
KUALA LUMPUR, Nov 29 — Opensignal has just posted its latest “State of Mobile Video Experience” report and it appears that telcos in Malaysia have shown some improvement when it comes to the mobile video experience. The overall mobile video experience score for Malaysia has increased from...
Huawei tipped for fresh US legal fight
Huawei began preparations for a legal challenge against a US Federal Communications Commission (FCC) decision ...
Industrial Relations Code 2019: Balance tilts in favour of industry; makes trade unions jittery
Trade unions have raised several serious objections in the bill: from discretionary power of the executive to raising the threshold for lay-offs to making it virtually impossible to strike legally, restricting outsiders in the unorganised sector and extending fix term employment to the entire industry
EUR/GBP retreats from daily highs near 0.8540
The selling pressure around the single currency has forced EUR/GBP to recede from earlier tops in the 0.8540/45 band. EUR/GBP remains focused on the U
GDP at 4.5%: 'Worrying,' says Manmohan Singh; 'fundamentals strong,' counters govt
India Business News: India's GDP growth hit an over six-year low of 4.5 per cent in July-September 2019, triggering a war of words between the government and the oppositio
Turkish, Qatari financial authorities sign deal to expand economic, financial ties
The Presidential Finance Office and the Qatar Financial Center signed a memorandum of understanding (MoU) to expand cooperation during President Recep...
China’s true economic growth could be half of what everyone thinks
China’s GDP data release always generates great market excitement despite rarely straying more than 25 basis points below or above the government target. This stability has led a number of analysts to propose their own measures, typically based on a variety of Chinese proxy data but, in the end, not that different from the official numbers. In this article I argue that, based on the performance of countries comparable to China, the latter’s GDP growth could be as low as half the official number and that markets are likely overestimating China’s importance for the global economy. That being said, China has one of the highest levels of corporate debt in the world and slower growth implies greater risks of financial instability.
Costco's website crashed for several hours over Thanksgiving, and experts estimate it could have cost the retailer nearly $11 million in sales
Costco's website was down for at least 16 hours, according to data from the outage-tracking website, Downdetector.
Pakistan to Debut Chinese Yuan-Denominated Panda Bonds Worth $1 Billion
New Delhi (Sputnik): China’s Panda Bonds are onshore products that help international borrowers to explore domestic yuan investors. These yuan-dominated notes are sold by non-Chinese issuers.
Shopee's Desaauto@KPLB to sell automotive products, aid rural economic growth
KUALA LUMPUR: Following the success of Desamall@KPLB, Shopee, in collaboration with the Rural Development Ministry and ELokal, launches Desaauto@KPLB, an automotive e-store.
Cotton - The Fluffy Fiber Continues To Work Its Way Higher
A recovery to 96.50 cents ran out of steam in June 2018.Cotton falls to just over the 2016 bottom.A bullish pattern since late August.Levels to watch in the cotton market.BAL is the cotton ETN product
Google RCS Text Messaging Is Full Of Telco Security Flaws And Customers Are Suffering
A security firm has found issues with how telecoms are rolling out Google's RCS messaging standard.
Agbami parties invest N5.8bn on scholarships, education infrastructure
Agbami parties had invested a total of N5.8bn on the Medical and Engineering Scholarships, AMEPs on merit for Medical students .
New regulations for gift vouchers to come into effect ahead of Christmas
New laws will give all vouchers a five-year expiry time while also meaning people won't have to spend the entirity of the balance in one transaction.
Experts on GDP numbers: 'Worst is not past us'
Former Chief Statistician of India, Pronab Sen said the manufacturing showing negative growth is certainly worrying. "I don't think the growth has bottomed out, the growth figures may continue to decline the next quarter too, however, post fourth quarter may show some recovery owing to the base effect," Sen said.
Proposed EU-wide 'climate law' would set net-zero carbon target by 2050
Plan is part of ‘green new deal’ but campaigners say it is not enough to tackle climate crisis
Telkom Says Cell C Has Rejected Takeover Offer
JOHANNESBURG – Telkom SA said on Friday the board of its larger but troubled rival Cell C had rejected its takeover bid. “The Telkom Board continues to believe the offer is a compelling proposition that would have created significant value for all stakeholders including Telkom’s shareholders,” the statement said. Cell C is majority-owned by Blue […]
US stocks retreat from records on greater trade tension
WEST NEW YORK, Nov 29 — Wall Street stocks retreated from records early today on revived worries about US-China trade talks as retailer shares were mixed on the official start of the holiday shopping season. Analysts pointed to increased US-China trade friction as Beijing threatened unspecified...
1Password is offering an exclusive 50 percent off deal for readers of The Verge
You can get a year of 1Password for $1.50 a month.
Ethereum Express Launching New Projects For Over 48,000 Users
Featured The Ethereum Express project is set to launch two pilot projects for a user base exceeding 48,000. Proof-of-Authority will be used in the
Govt extends mandatory FASTag roll out for toll payments to December 15
The Ministry of Road Transport and Highways had earlier announced that from December 1, toll payments on highways would be accepted through FASTags only
Digital Payments: Modi’s Idea of A Cashless India Is Going Steady and Strong
As compared to FY 2014-15, the digital transaction volume for FY 2018-19 has grown five-fold.
Mining industry is the bulwark of Ghana's development - Koney
news, story, article
World shares mostly slide in ‘Black Friday' retreat
BEIJING (AP) - Stock markets mostly fell Friday as investors gauged whether renewed China-U.S. tensions might lead to a "Black Friday" sell-off, and with U.S. traders largely out for a long weekend.
It’s a rush for FASTags as banks, customers gear up for Dec 15 deadline
Banks come out with offers such as doorstep delivery and free movie tickets
Education Can’t Wait invests in Ethiopia refugees’ school
Education Can’t Wait (ECW), a global fund dedicated to education in emergencies, invests in the construction of 84 classrooms for refugees in Gambella region of Ethiopia.
How Bitcoin Miners Are Not Causing The Price Plunge
When bitcoin starts to turn south and the selloff intensifies, fingers start pointing. The crypto community wants to blame something ...
Vegetable vendors in Vijayapura to resume trade
They have been protesting against eviction of hawkers from the Nehru Market Lane
India's apparel exports to EU face a duty disadvantage: Smriti Irani
India's exports of textile and apparel sector (including handicrafts) have increased from USD 39.3 billion (around Rs ) in 2017-18 to USD 40.4 billion in 2018-19," Irani said in a written reply to the Lok Sabha.
India announces $400 mln loan for Sri Lanka, in support of new president
India will lend Sri Lanka $400 million for infrastructure projects, Prime Minister Narendra Modi said on Friday after talks with the island nation's new President Gotabaya Rajapaksa aimed at improving bilateral ties.
Huawei prepares lawsuit to fight against FCC restrictions
The company has also drastically increased its spending on Washington lobbyists and has engaged in a public-relations makeover.
Financial boost for minority media
Newspapers run by members of the Armenian, Greek and Jewish communities are to receive extra state funds thanks to an affirmative action scheme. The...
Attention Traders! Win $25K by showing off your trading talent with our newest asset - Algo!
We’re excited to introduce Algorand's native token, Algo, to PIT traders by launching a trading contest. The more you trade, the more you could win!
India's Q2 GDP growth dips to over 6-yr low of 4.5%; manufacturing weighs
This GDP growth data for the September 2019 quarter is the lowest since January-March of 2012-13, when it was registered at 4.3%
The Clean Green Pakistan Index: A futile exercise?
The initial phase of the index also calls for cities to compete to beautify the city as well as on sanitation
Kevin Greenard: Ten reasons to be cautious with Canadian equity ETFs
An ETF is a commonly used abbreviation for Exchange Traded Fund. Canada was the first country to launch an ETF in 1990 with one provider. Known as the S&P/TSX 60 Index, it essentially held the . . .
Shopping in these 4 popular Malaysian cities just got a lot easier for Singaporeans with NETS ATM cards, Business Insider - Business Insider Singapore
Business Insider - NETS ATM cards can now be used in Malaysia across 7,400 PayNet acceptance points - but only in these 4 cities.. Read more at businessinsider.sg
India’s economic growth falls to 4.5% in July-September quarter – the slowest in over six years
This is the sixth straight quarter of slower growth. The GDP grew just 5% in the April-June quarter.
Explainer: What's at stake in Macron's reform of France's cherished pensions?
PARIS (Reuters) - France is bracing for nationwide public sector strikes on Dec. 5 against President Emmanuel Macron’s drive to overhaul the country’s unwieldy and costly pension system.
Mercedes-Benz parent Daimler plans thousands of job cuts worldwide
The job cuts will be carried out by the end of 2022 as part of efforts to reduce spending by 1.4 billion euros (US$1.5 billion), the maker of Mercedes-Benz cars said Friday in a statement.
Nefertiti's bust joins the digital age
A stunningly detailed 3D model of the Nesfertiti bust is now available to download.
5 Business Lessons You Can Learn From Black Friday Even If You Don't Sell to Consumers
Even if you hate shopping or the holidays, many of the mechanisms of Black Friday can be applied to sales and marketing tactics for business-to-business companies to drive revenue and growth.
Saudi Aramco IPO received $44.3 billion in bids so far: Samba Capital
The state-owned oil giant plans to sell 1.5% of the company's shares for as much as 96 billion riyals ($25.6 billion), a deal which would give it a market value of $1.7 trillion
Amazon's second-gen ARM-based chips are coming to its cloud business
Amazon’s cloud computing unit designed the ARM-based processor, which, as noted by Reuters, will be 20 percent faster than Graviton, the company’s first-gen ARM chip that was created as a low-cost option.
Taiwan raises economic growth forecasts for 2019 and 2020
GDP benefits from Taiwanese businesses returning amid trade wars: DGBAS.Taiwan’s economy will grow by a higher-than-expected 2.64 percent this year and even by 2.72 percent in 2020, the government predicted Friday (November 29).
The Aramco IPO And The OPEC Meeting Could Support The Price Of Crude Oil
The Saudis want to sell a piece of Aramco.Watch the OPEC meeting for clues.Iran provides support for the energy commodity.U.S. energy policy could shift.UCO and SCO are tools for those who do not trad
Huawei plans legal challenge over exclusion from federal subsidies in US
The Federal Communications Commission last week branded Huawei and its Chinese rival ZTE as threats to US national security and blocked them from the fund
Goldman Sachs is going through a huge transformation under CEO David Solomon. Here’s everything you need to know.
Here’s everything we know about what’s going on inside Goldman, from its changing tech culture to shakeups in its inner ranks.
E-tailers jump bandwagon to boost sales with Black Friday offers
From Amazon to H&M, the Black Friday offers flooded people's emails and message boxes on smartphones in the country
For Streaming Services, Navigating Generational Differences Is Key
The winners will find a profitable niche.
India’s economic growth cools to six-year low
Slowdown in rate of expansion is latest sign of deepening gloom
Thousands of Aussies ditch big energy companies for cheaper, local alternatives
Thousands saving up to $430 on energy costs – compare today! Affordable energy continues to be a top concern for many seniors and cost-wary Aussie
Sensex plunges 336 points ahead of GDP data release for September quarter
The top gainers on the Sensex were Bharti Airtel, HDFC Bank, and NTPC.
Check your property design with drones
Real estate is going hi-tech and with a single click, accurate mapping, survey and measurement can be done. By M.A. Siraj
Swedish startup Bokio books €4 million to expand its SMB accountancy software across UK
Bokio, the Swedish startup applying AI to small business bookkeeping, has raised a €4 million round, led by Stockholm-based VC firm, creandum, with support from Svea and Chris Adelsbach. For small businesses, sole traders, and freelancers, Bokio supports a wide range of administrative tasks including invoicing, employee expenses, reporting and VAT returns. The interface is […]
Swiss Firm Zurich Airport Outbids DIAL, Adani To Develop Jewar Airport
The first phase of the airport would be spread over 1,334 hectare and cost Rs 4,588 crore.
OZ Minerals to begin construction of Pedra Branca mine in Brazil
OZ Minerals has started construction of its Pedra Branca underground copper-gold mine in the southern part of the Carajás in the Pará state of Brazil.
Is Vietnam too cautious when setting economic development goals for 2020? - VietNamNet
Many economic targets set for 2020 are lower in comparison with real implemented levels.
Trials on to convert diesel engines into electric: Piyush Goyal
Railways Minister Piyush Goyal addressed Rajya Sabha, saying India will be the first country to have an entirely electrified rail network. The government aims at converting diesel engines into electric ones, in its commitment towards environment protection. However, he said it is too early to ascertain the exact cost of the project at this stage.
OYO's valuation continues to soar despite losses; hovers near $10-bn mark
The losses have reportedly mounted due to the rise in operating expenses fuelled by the company's aggressive expansion in overseas markets
Minister: Malaysian film industry in for better times following co-production agreement with Australia
PUTRAJAYA, Nov 29 — The Malaysian film industry is in for better times following the signing of a co-production agreement between Malaysia and Australia in Sydney today. Communications and Multimedia Minister Gobind Singh Deo said that with the signing of the agreement, Malaysian productions will...
Best And Worst Q4 2019: All Cap Growth ETFs And Mutual Funds
The All Cap Growth style ranks seventh in Q4'19.Based on an aggregation of ratings of 26 ETFs and 545 mutual funds in the All Cap Growth style.TTAC is our top-rated All Cap Growth ETF and NLAFX is our
Crude Oil Price and Forecast: WTI traders take clues from US-China tensions, OPEC+ eyed
WTI has been dropping to the intra-day low of $58.07 by the press time of early Friday in Asia. The energy benchmark seems to have negatively affected
No change in prices of RON97, RON95 and diesel
KUALA LUMPUR (Nov 29): The Ministry of Finance (MOF) today announced that the retail price of RON97 petrol will remain at RM2.66 per liter, while RON95 and diesel will remain at RM2.08 and RM2.18 per liter respectively, for the period of Nov 30 to Dec 6.In a statement issued today, MOF announced that petroleum retail prices were set weekly using the Automatic Pricing Mechanism (APM) formula, where the retail price of RON95 and diesel for the same period is
China: Crypto Exchange IDAX Locks up Cold Wallet as CEO ‘Goes Missing’
IDAX reported liquidity problems prior to Lei Guorong absconding, while it remains uncertain what access he has to the platform’s wallets.
W Resources begins tungsten and tin production at La Parrilla mine
Mining firm W Resources has commenced tungsten and tin concentrate production for sale at its La Parrilla mine located in Spain.
Govt to make hallmarking mandatory for gold jewellery
The government will make hallmarking for gold jewellery and artifacts mandatory from January 15, 2021, to ensure quality, Union Consumer Affairs Minister Ram Vilas Paswan said on Friday. The departmen
GDP growth at 4.5%: No, Indian economy is still not in recession, but these countries are
Q2 GDP: Some of the key economies in the world are in the verge of recession raising fears about the global economic health
Seven Chinese universities in top 10 of QS Asia Rankings
QS Quacquarelli Symonds, a London-based higher education analyst firm, released on Wednesday its latest assessment of Asia’s 500 best universities
Huawei plans legal challenge to latest US pressure: report
Chinese telecoms giant Huawei is preparing a legal counterpunch against new moves by American regulators to bar the company from accessing $8.5 billion in US federal funds for services and equipment, ...
Sri Lanka wants to undo 99-year port lease to China
Sri Lanka’s new government led by President Gotabaya Rajapaksa wants to undo the previous regime’s move to lease the southern port of Hambantota to a Chinese venture, citing national interest. Former
Europe to consider law on climate neutrality by March
BRUSSELS (Reuters) - The European Union executive will propose by March 2020 a new climate law to turn the bloc neutral in terms of carbon dioxide emissions by 2050 and help lead the struggle against global warming, a draft showed on Friday.
Fiscal deficit for April-Oct touches Rs 7.2 trillion, exceeds FY20 target
This was 102.4% of the full-year target, compared with 103.9% for the same period last year
Wall Street Breakfast: Black Friday In Full Swing
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. The biggest shopping weekend of the year is here and 165.3M A
Bitcoin Price Analysis: BTC’s Consolidation To End-Up In a Huge Weekend Move?
It took just a few hours after we posted our previous Bitcoin price analysis, and Bitcoin broke out nicely the $7400 resistance, which is the neckline of
Gold price drop triggers heavy buying in India; demand wanes in other hubs
Dealers were charging a premium of up to $1.5 an ounce over official domestic prices this week, compared with a discount of $3 last week
Crypto Exchange Admits 'Missing' CEO Has User Funds Access Amid Exit Scam Fears
In a story reminiscent of the QuadrigaCX scandal, crypto exchange platform, IDAX Global, has no idea where its CEO is.
Government extends deadline for mandatory FASTags to December 15
FASTag-enabled payment is currently available at over 450 toll plazas across national and state highways.
Tesla Expands Its Australian Megabattery Empire
The world's biggest battery is about to get 50% bigger (and could double again).
French lawmakers look to ban Black Friday over environmental concerns
Protesters in France have blocked an Amazon warehouse south of Paris citing concerns that the Black Friday shopping holiday negatively affects the environment.
Russia's Novak: Would rather take decision on output extension close to April
Russian Energy Minister Alexander Novak said that he favoured OPEC and its non-OPEC allies to make a decision on whether to extend the crude oil produ
US births decline for fourth year in a row, CDC says
(CNN) — The number of births in the United States declined for a fourth year following an increase in 2014, according to a new report...
1850 telephone calls to cost no more than a local call from Sunday
Comreg’s overhaul of rates comes as survey shows 37% of consumers believe freecall 1800 numbers are charged
Indian Rupee Billed as "Overvalued" and Set for Declines after GDP Disappointment
British Pound vs Indian Rupee - Latest Exchange Rate News and Forecasts for Converting Pounds to Euros Today
Osinbajo to state govts: prioritise basic education by making funds available
Vice President, Yemi Osinbajo has called on state governments to give priority to basic education by making funds available....
Bitcoin Price Hits Tipping Point Above $7.6K — Pivotal Weekend Ahead
Bitcoin bulls and bears are set to have a key battle going into the weekend at a critical price level that could set the tone for the rest of the year.
Black Friday: Beware these cyber scams
In the last few weeks, tens of thousands of potential scams involving brand names have been discovered, cybersecurity firms are warning.
The Asset Allocator: Meb Faber - All-Time Highs Are 'Nothing To Be Afraid Of' (Podcast)
ETF manager, author and popular investment blogger Mebane Faber addresses the asset allocation issues of the day. Among our topics in this wide-ranging interview:Faber does not look askance at buy-and
Top headlines: Q2 GDP growth slips to 4.5%, CEA defends tax cut & more
From Mukesh Ambani becoming ninth richest on Forbes' billionaires list to PM Modi announcing $50 million assistance to Sri Lanka, Business Standard brings you the top news of the day
Germany's Daimler to cut at least 10,000 jobs over 3 years
BERLIN (AP) - German automaker Daimler said Friday that it plans to cut at least 10,000 jobs worldwide by the end of 2022. It plans not to fill some vacant posts and to offer severance packages in Germany to reduce administrative jobs.
Big Brother-style facial recognition installed at Bejing tube station
Identifies passengers as they enter the station
Hallmarking For Gold To Be Mandatory From 2021, Industry Welcomes Move
One year period will be provided for implementation of hallmarking decision to enable jewellers clear their existing stock.
4,500 jobs in UK at risk as Germany's E.ON breaks up struggling Npower
The revamp effectively removes one of the market's so-called 'Big Six' players, which have lost customers to nimbler recent entrants and been hit by a regulatory price cap
KPMG’s New Blockchain Network Grants Producers a New Degree of Legitimacy
Consulting and auditing giant KPMG has announced the launch of KPMG Origins: a multi-purpose supply chain network for a wide variety of industries, ranging from food production to financial services for the Asia-Pacific region. Producers today are being held accountable for the sustainability practices they inculcate during the production lifecycle, yet they have no means for proving it. As per Ledger Insight, KPMG Origins seeks to bridge that gap between capability and necessity, November 28, 2019.
Construction of Ajaokuta gas pipeline to begin soon – Buhari
President Muhammadu Buhari said on Friday work would soon commence on the construction of the 600-kilometre Ajaokuta-Kaduna-Kano gas pipeline
Europe: Banks May Hold and Sell Bitcoin Starting From 2020
According to a new bill on the Fourth Money Laundering Directive drafted by the European Union (EU), banks could be authorized to offer digital assets services including storage for customers. Germany would likely be the first nation to adopt the proposal. According to a German news report published on November 27, 2019, the amendment would come into force as early as 2020.
India-ASEAN FTA review: Further liberalisation of trade on agenda
ASEAN-India trade in goods agreement was signed on August 13, 2009, and entered into force on January 1, 2010
Gold Technical Analysis: Metal remains under precious below $1465/oz
On the daily chart, gold remains under selling pressure near the November lows while trading below the 1465 resistance level and the 50/100 SMAs
Egypt has capacity to store 4 mln tonnes of wheat - ministry
CAIRO, Nov 29 (Reuters) - Egypt, the world's largest wheat importer, has the capacity to store 4 million tonnes of wheat this season, the supply ministry said on Friday, adding it had built new wheat silos for the additional storage.In July, Egypt signed a deal with the OPEC Fund for International Development (OFID) to build two wheat silos in Port Said. At the time, Supply Minister Ali Moselhy said they would raise Egypt's storage capacity for imported wheat by around 15%. (Reporting by Momen Saeed Atallah; Writing by Yousef Saba; editing by David Evans)
Government Extends Mandatory FASTag Roll Out Date To Dec. 15
Over 70 lakh FASTags had been issued till Wednesday, with the highest per-day issuance of 1,35,583 tags on Nov. 26.
Eni and Government inaugurates “Okuafo Pa” Agric training Centre
news, story, article
Lithuania crowns its first tech unicorn! Vinted, second-hand fashion marketplace, pockets €128 million and secures €1 billion valuation
Vinted, a social marketplace for pre-loved clothing, has taken the spot as Lithuania’s first tech unicorn, after raising a stellar €128 million. The funding round was led by new investor Lightspeed Venture Partners, with participation from existing backers including Sprints Capital, Insight Venture Partners, Accel and Burda Principal Investments. Funds will be used to boost product development and rocket rapid growth across Europe.
A blockchain/IoT combo could reduce food fraud by $131B in five years
Blockchain is gaining ground in the supply chain arena, verifying not only the provenance of goods, but enabling suppliers of meats and produce to verify their origins and ensure regulatory rules are met.
China's financial warning signs flashing nearly everywhere as policymakers scramble
From rural bank runs to surging consumer indebtedness and an unprecedented bond restructuring, mounting signs of financial stress in China are putting the
Q2 GDP: Fiscal deficit of 3.9% realistic, says Uday Kotak
The just released GDP data for the second quarter (July-September) shows that the growth has gone down to 4.5 per cent (the lowest in six years) from 5 per cent in the first quarter (April-June)
Trade surplus shrinks in October
Exports up 11.9% on a month-on-month basis.
The Frugal REIT Investor
Wealth is not the same as income. Wealth is what you accumulate, not what you spend. Thomas Stanley.The foundation stone of wealth accumulation is defense. Thomas Stanley.Investors must select stocks
MTAA Super and Tasplan to merge in a $23 billion superannuation deal
The industry superannuation sector will see the arrival of a $23 billion giant with the merger of MTAA Super and Tasplan Super from October 1 2020.
Euro snoozes through sleepiest week since launch 20 years ago
Currency lodged in tight range thanks to steady monetary policy and trade uncertainty
China Mobile International launched first ever global shared service center in Cyberjaya
KUALA LUMPUR: China’s telecommunication giant China Mobile, through its overseas subsidiary China Mobile International (CMI), has officially launched the group’s first ever global shared service senter (SSC) in Cyberjaya marking a new chapter in CMI’s ambitious plan for expansion in to the region.
Duopharma Biotech's 3Q earnings jump 21% on higher product demand
KUALA LUMPUR (Nov 29): Duopharma Biotech Bhd has reported a 21% jump in net profit to RM14.86 million for its third quarter ended Sept 30, 2019, from RM12.29 million a year ago.The pharmaceutical company said in an exchange filing today revenue rose 13.5% to RM142.86 million, from RM125.84 million in the year-ago third quarter.Duopharma Biotech's group managing director Leonard Ariff Abdul Shatar said the improved results reflected increased demand for the group's pharmaceutical products from the private and public
The daily business briefing: November 29, 2019
Black Friday kicks off the holiday shopping season, stocks struggle as Hong Kong tensions dent hopes of a U.S.-China trade deal, and more
A decade of Physics World breakthroughs: 2009 – the first quantum computer
Michael Banks looks at the Physics World 2009 Breakthrough of the Year and how research in quantum computing has moved on
Winter weather on election day could cost West Dunbartonshire Council over £45,000
The local authority has put stringent preparations in place to ensure that everyone can have their say in next month's vote.
Airbnb scofflaws face fines
The rubber is about to meet the road when it comes to short-term housing rentals in Kelowna.
Former AIB boss David Duffy pay rises 84% to £3.4m as head of Virgin Money
CEO’s pay more than eight times his AIB salary – despite losses at UK’s Virgin Money
Don't Buy Anyone a Ring Camera
There’s a chance you had never heard of Ring cameras before Amazon bought the company for as much as $1.8 billion last year. It’s possible that Ring still wasn’t on your radar earlier this year, when reports emerged that the home security giant had partnered with scores of police departments, funneling videos and user data in some dystopian effort to make a profit by fighting crime and eradicating privacy. But there’s a good chance that you’re going to see a Ring video doorbell on sale—possibly bundled with an Amazon Echo—this Black Friday.
Goldman Sachs is going through a huge transformation under CEO David Solomon. Here's everything you need to know.
Here's the latest news about Goldman Sachs.
Government of Ghana talks about Ghc 100 and Ghc 200 currency notes
The Governor of the Central Bank of Ghana, Dr. Ernest Addison has explained the rationale behind the government’s policy decision to introduc
Border Closure: Nigeria short of N338 billion worth of rice
Nigeria has recorded N338.6 billion shortage of rice at the Malaysian price of $421 per tonne as a result of border closure.
Bizongo emerges as the fastest-growing tech company in India
Data science firm TheMathCompany was ranked second and Vadodara-based communication automation solutions firm Phonon was ranked third for the Deloitte Technology Fast 50 India programme
Lion Industries posts fourth straight quarterly loss of RM110.6m
KUALA LUMPUR (Nov 29): Lion Industries Bhd reported a net loss of RM110.62 million for the first quarter ended Sept 30, 2019 (1QFY20) versus a net profit of RM19 million a year ago, including a lower margin of its steel division, and higher loss from associated companies and joint ventures.This marks its fourth consecutive quarterly loss.As a result, it registered a loss per share of 16.25 sen from 2.79 sen for 1QFY19, Lion Industries said in a filing with
Sensex tumbles 336 pointts ahead of GDP data
The 30-share Sensex pared some losses, ending 336.36 points or 0.82 per cent lower at 40,793.81.
Russia removes restrictions on two Brazilian beef plants - regulator
MOSCOW, Nov 29 (Reuters) - Russia's agriculture safety watchdog said on Friday it removed temporary restrictions on beef supplies to Russia from two plants in Brazil starting from Nov. 29.One of the plants authorized to resume sales to Russia is operated by Minerva SA and the other one by JBS , the Russian regulator, Rosselkhoznadzor said in a statement.
UK Commits £1.8 Billion to European Space Agency
With a £1,870 million investment over the next five years the UK has reaffirmed its commitment to the ESA. The ESA Budget Increased By 10%
Oil to be stuck in a rut in 2020 as slowing demand fuels glut: Reuters poll
(Reuters) - Oil prices will remain subdued in 2020 as growth concerns weigh on demand and fuel a glut of crude, a Reuters poll showed on Friday ahead of production-policy talks among OPEC and its allies next week.
OPEC oil output falls 110,000 bpd in November to 29.57M bpd – Reuters
Crude oil output by the Organization of the Petroleum Exporting Countries fell 110,000 barrels per day (bpd) in November to 29.57 million bpd, a Reute
NPCI enhances UPI 2.0, allows customers to make recurring payments
NPCI is also working on proximity payment option for the platform where one can make payments from a mobile phone that uses near-field communication technology
Ajaokuta-Kaduna-Kano gas pipeline construction to commence soon – Buhari
Nigeria President Muhammadu Buhari on Friday Friday said the government will soon begin the construction of the 600-kilometre Ajaokuta-Kaduna-Kano gas pipeline to move gas from the Southern part of the country to the North. The Nigerian president made the disclosure while addressing the 5th Gas Exporting Countries Forum (GECF) Summit at the Sipopo International Conference […]
NTPC to list commercial paper on BSE for an issue size of Rs 1,500 cr
After the process, the effective date of listing of such papers at the exchange will be December 2, the BSE said in a statement
Government reviews stamp duty charge
Federal Government has reviewed the N50 stamp duty charge on electronic payments in the country following public outcry.
Overstock Shareholders Compete to Lead Class Against tZERO’s Parent
E-commerce giant Overstock faces a difficult period as several former and current shareholders fight for the status of lead plaintiff in a class action
Core sector output for October contracts further to 5.8 per cent
The index was dragged down by electricity which reported a de-growth of 12.4% vs -3.7% in Sept.
Mudajaya back in the black after 13 straight quarterly losses
KUALA LUMPUR (Nov 29): After logging 13 consecutive quarters of losses, Mudajaya Group Bhd has returned to the black with a net profit of RM812,000 in its third quarter ended Sept 30, 2019 (3QFY19).This was despite its revenue contracting 25.6% on year to RM110.18 million during the quarter under review from RM148.18 million in 3QFY18, due to the completion of its 49 megawatt (mW) solar photovolatic energy plant at Sungai Siput, Perak in November 2018, and the slow progress
Oil mixed amid slow holiday trade before Opec+ meeting
West Texas Intermediate (WTI) futures were up 4 cents, or 0.1 per cent, at $58.15 a barrel.
Eurozone unemployment's falls to lowest rate since July 2008
LONDON (AP) - Unemployment across the 19-country eurozone has fallen to its lowest rate since July 2008 even though growth is cooling in the face of headwinds like the U.S.-China trade war and uncertainty related to Britain's departure from the European Union.
Body-on frame Nissan SUV on the cards for South Africa
Prospects are favourable for a Navara-based SUV to become available
EU's new Green Deal slammed as 'half-baked' before launch
Greenpeace have accused the incoming European Commission of Ursula von der Leyen of preparing draft new climate and environmental laws whose measures are "too weak, half-baked or missing altogether".
Bitcoin Price Hits Tipping Point Above $7.6K — Pivotal Weekend Ahead
Bitcoin bulls and bears are set to have a key battle going into the weekend at a critical price level that could set the tone for the rest of the year.
Water master plan to guard against drought in South Africa
SA's water master plan outlines a series of urgent steps to be taken and implemented in order to address systematic and infrastructural challenges.
Brexit Britain’s big talk on space fails to fly
European aerospace firms get in work contracts as much as their governments fund the European Space Agency, but the UK lags behind.
Bank of Ghana introduces higher 100 and 200 cedis denomination banknotes
news, story, article
Wary of China, Germany plans rapid state intervention to protect key industries
BERLIN (Reuters) - Germany set out plans on Friday to create a government committee to step in quickly to protect companies against foreign takeovers, a sign of concern about China and others acquiring its technology.
GDP at 4.5%: What is recession?
Q2 GDP: Recession, simply put, is when an economy starts to decline in value. It means that the country is producing and earning less than what it did before
Ringgit ends slightly lower against US dollar
KUALA LUMPUR, Nov 29 — The ringgit ended slightly lower against the US dollar today in line the decline in global crude oil prices which affected the local note’s valuation, said a dealer. At 6pm, the ringgit settled at 4.1750/1780 against the greenback compared with yesterday’s close of...
MG Motor India ties up with Umicore for recycling end-of-life ZS EV batteries
The electric SUV will be unveiled on December 5 with a launch sometime in January
Statistics Canada reports pace of economic growth slowed in third quarter
Statistics Canada says the pace of economic growth in Canada slowed in the third quarter.
EXCLUSIVE: Govt explains why it introduced Ghc100, Ghc200 Cedi notes
The Governor of the Central Bank of Ghana, Dr Ernest Addison has explained the rationale behind government’s policy decision to introduce new Bank notes of Ghv100, Ghc200 and 2Ghc coin. Addressing a presser covered by MyNewsGH.com, the Governor said “twelve years after the redenomination exercise, sustained periods of high inflation and the perennial depreciation of the currency have eroded, in real terms, the face value of the series of the notes” forced government to take the decision. He explained that a lot of thinking and consultations took place. A lot “thinking went into the decision to introduce the higher denomination banknotes. The structure of the banknote should align well with the needs of the people who use it for their daily transactions. We need banknotes and coins that are convenient for most people to use, high quality, secure and cost effective.” He added. A promotional release by BoG read in part:
GAIL Gas launches payment options for PNG connections in Mangaluru
GAIL Gas Ltd, which has been authorised to implement City Gas Distribution (CGD) project in Dakshina Kannada district, has introduced three payment options for getting domestic PNG (piped natural gas)
Gold eases over doubts on US-China trade war, faces worst month in 3-years
Investors were uncertain about the fate of a 'phase-one' trade deal between the two economies
Lukoil: Solid Q3 Results Ensure High Yields
Lukoil performed better than expected in Q3 2019.I expect Lukoil to generate strong FCF in the medium term.Lukoil is one of the best quality stocks in the Russian stock market.
Beijing Residents Enter Into Sham Marriages Just to Get a License Plate
Congestion, government restrictions and one of the most polluted cities in the world, how’s that for the perfect ingredients for romance? Residents of Beijing have resorted to sham marriages in order to beat the system and get a license plate for a new car.
Sod turned on two Kerry greenways
Funding of €6.5 million for the cycleways is being supplemented by an increase in the local property tax.
Don’t buy the hype about a looming bacon shortage
Some reports have indicated that there could be a bacon shortage in 2020, but one economist isn't convinced you need to freak out about your breakfast fave.
Despite growth in govt expenditure, GDP slowdown continues
The economic activities which registered growth of over 4.3 per cent in Q2 of 2019/20 over Q2 of 2018/19 are 'Trade, Hotels, Transport, Communication and Services related to Broadcasting' 'Financial, Real Estate and Professional Services' and 'Public Administration, Defence and other services'
HCL Foundation invests more than Rs 160 crore in community projects in UP
UP accounts for 2/3rd of the Foundation's activity spend
Time to have ‘the talk’ with your health insurer?
It's not you, it's them. A romance always starts out hot. But the honeymoon stage doesn’t last forever, particularly when it comes to you and your health
Twitter CEO does not use Google search engine for privacy reasons
Twitter CEO does not use Google search engine for privacy reasons. He uses DuckDuckGo's, a search engine that gives priority to the privacy of the user.
P-8A Poseidon base works commence - Ron Mark
Minister of Defence Ron Mark turned the first sod of earth on the infrastructure works for the new P-8A Poseidon fleet at RNZAF Base Ohakea today.
Russia removes restrictions on two Brazilian beef plants - regulator
MOSCOW — Russia’s agriculture safety watchdog said on Friday it removed temporary restrictions on beef supplies to Russia from two plants in Brazil starting from Nov.
These were the 10 biggest European tech stories this week
These were the 10 biggest European tech stories this week
Taco Bell accelerates rollout despite Mexican stand-off
Fast-food giant Collins Foods will open its first Victorian Taco Bell restaurants in Hawthorn and South Yarra.
Las Vegas shoppers hitting stores early on Black Friday
The Retail Association of Nevada estimates roughly 1.65 million adults in the state will be shopping over the five-day Thanksgiving weekend and Cyber Monday.
Global startups further expand Turkish software exports
Many global startups based in Turkey and operating in sectors as varied as cybersecurity, gaming, entertainment, health and financial technology, are making a marked contribution to the country's exports and the nurturing of well-trained human resources
Academic Conference: World Symposium on Investment Research
It is an annual event taking place on the first Sunday and Monday of May in some financial centers around the globe.
Jazz xlr8 Launches Xperience Hub – A Cutting Edge Usability Testing Facility
ISLAMABAD, Pakistan: Jazz, Pakistan’s leading digital communications company, has set up a state-of-the-art usability testing lab called ‘Jazz xlr8 Xperience Hub’ (Xperience Hub) at the National Incubation Center (NIC) in Islamabad. The first of its kind facility is a testament to the fact that Jazz always has its 60 million+ customers as its focus. The lab allows for in-depth usability studies and marketing communications testing to enhance the customer experience of products & services. “As digital leaders, we do more than just run a viable business. This lab is proof of Jazz’s customer-first agenda and fulfills our promise of providing ease to our 60 million+ customers,” said Aamir Ibrahim, Chief Executive Officer at Jazz, after inaugurating the Xperience Hub at the NIC. The Xperience Hub will serve as a center of excellence for testing customer-facing digital platforms using global techniques and will also act as a key facility provided to Jazz xlr8 startups under the company’s group-wide “Make Your Mark”…
Centum Group half-year profit quadruples
The income was realised mainly as a result of net gains on disposal of three companies.
We are in a virtual free-fall, says Congress on GDP growth slip
The Congress on Friday took a swipe at the BJP government over the GDP growth falling to 4.5 per cent, and said this is the lowest GDP recorded in six years.Congress chief spokesperson Randeep Surjewa
KSE-100 index crosses 39,000 points to 9-month high
KSE-100 index crosses 39,000 points to 9-month high.
Eurozone inflation firms but still below central bank goal
BRUSSELS — Official figures show that inflation across the 19-country eurozone rose in November but remains way below the level that the European Central Bank and its new president, Christine Lagarde, would like it to be.
Coinbase Denies Report of $150M Acquisition of Tagomi Brokerage Firm
Coinbase has denied reports that it acquired digital currency brokerage firm Tagomi for $150 million.
Four Irish women honoured as leaders in global recruitment
The Irish nominees are Geraldine King, Anne Heraty, Shona McManus and Rosaleen Blair
S. Korean firm sues BAT over alleged trademark infringement
Vitabon, a South Korean venture firm, said Friday it has launched a trademark infringement suit against tobacco giant British American Tobacco.Vitabon claims that its nicotine-free aromatherapy device, named Sense, and BAT's hybrid e-cigarette product, glo sens, confuse consumers due to their similar names. Vitabon said it has filed the lawsuit with the Seoul Central District Court, demanding 110 million won ($...
Switzerland Acts to Improve DLT/Blockchain Ecosystem with Improved Legal Certainty, Crypto Valley Association Welcomes the Move
The Swiss Federal Council has moved to improved the legal certainty regarding the framework for the utilization of blockchain or distributed ledger technology (
India’s Fiscal Deficit In October At 102.4% Of 2019-20 Target
The gap between the government’s revenue and expenditure rose to Rs 7.20 lakh crore as of October.
Following their latest investment, Tencent now owns 10% of Sumo Group
Sumo Group, who own developer Sumo Digitial, are currently developing the sequel to the cult-classic zombie game Dead Island
QUT launches new $7.5m Centre for Data Science
Projects already underway with Qld govt.
4th Annual Private Wealth Switzerland Forum
The 4th Annual Private Wealth Switzerland Forum–Zurich brings together more than 250 attendees including 150 leading high-net-worth capital allocators from Switzerland and beyond.
Telkom walks away after Cell C rejects offer
Telkom has withdrawn a cautionary notice to shareholders about its proposed acquisition of Cell C after the board of the mobile operator spurned its approaches.
Dicey Situation: European Parliament Declares Global Emergency Over Climate Change
The Parliament’s vote came during a debate about an upcoming United Nations conference on climate change that is scheduled for 2 Dec and the same day scientists warned that our planet has crossed several tipping points.
Yawning trans-Tasman salary gap for medical specialists
29 November 2019
Asian shares slide on weak Japan data; US markets closed
BEIJING — Shares extended losses in Asia on Friday after Japan and South Korea reported weak manufacturing data that suggest a worsening toll from trade tensions.
Q2 GDP, core sector data may push RBI to cut rates in December: economists
The GDP growth rate for Q2FY20 was in line with the market expectation at 4.5 per cent, says Deepthi Mary Mathew, economist, Geojit Financial Services
Buffett outbid by private equity in Berkshire's big deal hunt
Warren Buffett has frequently touted his Berkshire Hathaway Inc. as a home for businesses away from what he said was the debt-fueled, quick-turnover appetite of private equity firms. But the Berkshire name wasn’t enough for Tech Data Corp.
International offers, packages to go up as IITs begin placements on Sunday
Microsoft, which had emerged the top recruiter last year offering a $215,100 (Rs 1.5 crore roughly) package, is expected to make a similar or a slightly higher package to IIT students on Sunday
India's April-October fiscal deficit at 102.4% of full-year target
Net tax receipts in the April-October period was Rs 6.83 trillion, while total expenditure was Rs 16.55 trillion, the data showed
Inspired by 3/11, Tokyo-based Looop advances to semifinals of Startup World Cup 2020
A startup that's friendly to both the environment and your wallet is two steps away from a $1 million prize. Renewable-energy company Looop Inc., which
Zurich Airport Wins Multi-Billion Contract to Build Delhi's Third Airport - Official
New Delhi (Sputnik): This is the first major success for the Switzerland-based company Zurich Airport International, as it has received setbacks five times in this year. Adani enterprises won bids to operate five major international airports in all those cases.
Canada: Economy grew at annualized rate of 1.3% in Q3 vs. 1.2% expected
The Canadian economy expanded 1.3% on a yearly basis in the third quarter supported by higher household spending and business investment, the data pub
Lufthansa: German airline not open to Qatar investment
DUBAI: Saudi Arabian and international investors have subscribed to the initial public offering of Saudi Aramco in huge numbers, with demand for shares in the world’s most profitable company exceeding the number of shares on offer. Financial advisers to the biggest IPO in history announced that bids to the value of $44.3bn (166.275bn riyals) have been received in total from
Turkish financial sector buys 85.05% stake in JCR Eurasia
Turkey's leading banking and financial institutions inked a deal to buy 85.05% of credit rating agency JCR Eurasia, Turkey's banking association said on...
realme To Expand Beyond Phones; Plans To Make Wearables And True Wireless Headsets
Since its first batch, realme has churned out phone after phone is a very short period of time. But there's no sign of the company slowing down. New reports indicate that, if anything, it will
Sensex tumbles 336 points ahead of GDP data
NSE Nifty also settled 95.10 points down.
E.ON SE (ENAKF) CEO Johannes Teyssen on Q3 2019 Results - Earnings Call Transcript
E.ON SE (OTCPK:ENAKF) Q3 2019 Earnings Conference Call November 29, 2019 03:30 AM ET Company Participants Carsten Thomsen-Bendixen - Interim Head of Communications and Political Affairs Group Spokesma
DHFL: RBI initiates corporate insolvency resolution process
The Reserve Bank of India (RBI) on Friday filed an application for initiation of corporate insolvency resolution process against the financially stressed Dewan Housing Finance Corporation Ltd (DHFL) u
Finance Minister says more answers are needed on €1.6m printer
The Finance Minister says more explanation is needed as to why a €1.6 million printer is not yet operational.
Euro-Area Inflation Quickens, But Remains Far Below ECB's Goal
(Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast.
Sh600m for Tokyo Olympics
Nock project that Kenya could be represented by an estimated 100 athletes.
More than half of EU consumers have environmental impact in mind when shopping
Today the European Commission released its 2019 edition of the Consumer Conditions Scoreboard. It shows that the overall gap in consumer conditions is narrowing between the different regions of the EU; that consumers are more aware about their environmental footprint; and that consumer rules enable trust in the marketplace. Věra Jourová, EU Commissioner for Justice, […]
Why We Should All Care About the Return of Toys "R" Us
Toys "R" Us, the venerable retailer that liquidated all of its stores last year, is having another go at it. Here's why we should pay attention.
IHH Healthcare posts RM236m in 3Q net profit on stronger contribution from its operations
KUALA LUMPUR (Nov 29): IHH Healthcare Bhd reported a net profit of RM236.34 million for the third quarter ended Sept 30, 2019 (3QFY19) compared to a net loss of RM104.07 million a year ago.The regional healthcare group said the quarterly profit was driven by sustained organic revenue growth at existing operations.The boost to earnings also came from Gleneagles Hong Kong Hospital and Acibadem Altunizade Hospital, both opened in March 2017. In addition, Amanjaya Specialist Centre and Fortis Healthcare (“Fortis”),
GDP growth slumps to 6-year low of 4.5% during July-September
Dragged by dip in consumption and exports
Domestic multi-role T70 utility helicopter to begin test flights in 2020
The Turkish-built T-70 multi-role utility helicopter will begin test flights next year, Turkish Aerospace Industry (TUSAŞ/TAI) Deputy General Manager Kemal...
America: Your mobile video quality is the worst of all G7 countries
The mobile video experience in the US has improved, but it's still worse than Canada's or Mexico's.
As Juncker bids farewell, new EU executive begins with scrutiny over Luxembourg tax
BRUSSELS (Reuters) - Officials from the new European Commission will discuss an International Monetary Fund study that lists Luxembourg as a world-leading tax haven just days after the former leader of the Grand Duchy departs the EU executive’s helm.
Solar-powered equipment for blacksmith inaugurated
SivagangaA solar-powered blower, hammer and an angle grinder for blacksmiths were inaugurated by R. Sundararajan, Assistant General Manager, Canara Bank, along with Mohan Bhaskar Hedge, Chief Executiv
President Akufo-Addo expected to cut sod for commencement of Pwalugu Dam
news, story, article
Jio likely to bag Reliance Infra's tower, optical fibre for Rs 3,600 cr
Bharti Airtel has placed a bid of around Rs 1,800 crore for the same, according to the sources
Anger as Labour confirms it has thrown out gigafactory plans
Labour has prompted fury from business leaders in the West Midlands after Jeremy Corbyn confirmed that the region had been overlooked for a new gigafactory.
Renault-Nissan to reboot alliance with new overseer
PARIS (Reuters) - Renault, Nissan and Mitsubishi plan to appoint a general secretary at the helm of their partnership to boost cooperation and reboot joint operations after the departure of former alliance supremo Carlos Ghosn.
Supermax is optimistic on FY2020
PETALING JAYA: Supermax Corp Bhd remains optimistic on its financial year 2020 prospect despite posting a lower net profit in the first quarter (Q1) ended September 30, 2019.
NZ training for Saudi Arabian air traffic control graduates
New Zealand training for Saudi Arabian air traffic control graduates
Massive Attack commision climate change research
The Tyndall Centre will investigate strategies for reducing the live music industry's climate footprint.
Niall McGarry steps down as Irish chief of Maximum Media
Founder of Maximum Media, Niall McGarry has stepped down from his executive role within the Irish branch of the company over controversies
India's Sep-quarter GDP growth slips to 4.5%, the lowest in over six years
Q2 growth numbers fell, in line with economists' expectations, mainly on account of a weak manufacturing, falling consumer demand and private investment, and a drop in exports due to a global slowdown
Rajapaksa's visit can boost trade, investments with Sri Lanka: Assocham
Rajapaksa arrived here on Thursday on a three-day visit, his first overseas tour after taking over the reins of Sri Lanka 10 days back, a reflection of importance he attaches to ties with India
Liverpool planning Anfield expansion
Liverpool are planning to expand the Anfield Road stand by 7 000 seats, which would raise the grounds' capacity to 61 000.
Jewellery industry welcomes mandatory hallmarking from Jan 2021
Gold hallmarking is a purity certification of the precious metal and is voluntary in nature at present
Stocks slip on trade worries as record high stays elusive
LONDON (Nov 29): World shares slipped on Friday as a leading index strained for a record high, with nerves gnawing away from Asia to Europe over how, or when, the US and China can agree a truce in their damaging trade war.The MSCI All Country world index, which tracks shares in 49 countries, fell 0.2% to 548.48 points, short of a record 550.63 scaled in January 2018 before the tensions over trade between Washington and Beijing broke out.European shares
Liquidity pressures faced by NBFCs, HFCs, to continue: Fitch Ratings
Increasing competition to offset lower growth may weigh on profitability and test risk appetite
Intel Blames Qualcomm Bullying And Anticompetitive Practices For Modem Exit
Today, we're learning that Intel is placing direct blame on Qualcomm for its modem development problems which resulted in its unplanned sale. In
Last 2.5 years have been the safest in Railways’ history, says Piyush Goyal
The entire rail network will be electrified in India which is the only country in the globe that is experimenting to convert diesel engines into electric, he said.
High-level visits, new projects to promote Turkish-Hungarian relations further
Enhancing their relations to a strategic level in 2013, Ankara and Budapest have greatly developed bilateral ties and initiated many projects, the Hungarian ambassador to Ankara said
Telly fans face disruption thanks to new 4G mobile masts
Freeview viewers in Dunblane could have some of their favourite telly shows interrupted because new 4G mobile masts have been erected in the area.
Why mobile healthcare apps are at risk [Q&A]
Cyber-attacks represent a real threat to unprotected healthcare mobile apps. The overall operational integrity of these apps is at risk, but there's also a significant risk of malicious attacks on the medical devices themselves, personal health information, and intellectual property.
Social Innovation Ireland Fund boosts its board
Ailbhe Keane, founder and creative director of Izzy Wheels, has also joined the the fund board.
Huawei will appeal exclusion from US network rollout
US operators will be required to strip out Huawei kit as part of $8.5 programme.
Tracking David Abrams' Abrams Capital Management Portfolio - Q3 2019 Update
David Abrams' 13F portfolio value decreased this quarter from $3.68B to $3.57B. The number of positions increased from 19 to 20.Abrams Capital Management added Altaba while increasing Teva Pharmaceuti
Indian hedge funds return 0.09% in October, way behind Asian peers
Indian funds did better than Asian ones in only four out of the ten months of 2019 so far
Build office buildings for all GPs, says Minister
Dayakar Rao reviews work taken up under Centrally-aided schemes
Sebi imposes Rs 2 lakh fine on Unitech for violating Listing Agreement
It was alleged that Unitech made incorrect disclosure about shareholding of some promoters in the quarter ended September 2008 and December 2008.
Green Climate Fund to channel over $1.87bn in tackling emissions
Green Climate Fund is now financing climate action in over 100 developing countries after the final Board meeting of 2019 approved 13 new projects.
Investors Eyeing Tech and (Astro)Turf Too
Private equity and tech titans are shelling out big bucks to grab ownership stakes in sports franchises to make even bigger bucks on the global playing field.
Payback Time: The myth that keeps Canadians on a financial treadmill
In a new weekly retirement column, personal finance columnist Dale Jackson will cut through the noise and deal with the issues that forge a stable retirement.
Automotive research centre opened in Madurai
The centre is aimed at enhancing research, testing and product development in automotive engineering
Core sector output shrinks 5.8% in October
As many as six of eight core industries saw a contraction in output in October.
Intel Has Tapped Samsung Foundries To Manufacture CPUs [Debunked]
Update 12:49 AM GMT+5 11/30/2019. Intel has commented on the story and debunked the rumor from the Korean publication completely. Here is their statement in full: "The letter from last week says we will increase our use of foundry so we can build more CPUs at Intel. The news reports about our use of third …
Liverpool announce plans to increase Anfield capacity - and will look into hosting GAA matches there
The Reds have outlined their intent to increase the ground’s capacity to over 61,000 with the expansion of the Anfield Road Stand.
Mercedes-Benz Parent Company Daimler To Cut Thousands of Jobs
Daimler says it plans to cut thousands of jobs by the end of 2022, not filling some vacant posts and offering severance packages in Germany.
India quarterly growth falls to worst level in six years
India's economy grew at its slowest pace in more than six years in the July-September period, down to 4.5 percent from 7.0 percent a year ago, according to government figures released Friday that piled more pressure on Prime Minister Narendra Modi.
Daimler to cut ‘thousands’ of jobs by 2022 to fund electric shift
Frankfurt am Main, Germany | AFP | Luxury automaker Daimler on Friday said it was scrapping “thousands” of jobs to help fund the switch to electric vehicles, in the latest layoffs to hit the stuttering German car industry. The Mercedes-Benz maker said it wanted to save 1.4 billion euros ($1.5 billion) in staff costs as …
Millions of Kenyans to get access to digital post boxes | IOL News
Mobile network operator Safaricom and the Postal Corporation of Kenya on Friday announced a partnership to roll out digital ...
USD/CNH: scope for extra consolidation near-term – UOB
FX Strategists at UOB Group believe the pair is posed for the continuation of the consolidative mood in the next weeks. Key Quotes 24-hour view: “USD
AUD/USD loses recovery momentum ahead of 0.6800, trades around 0.6780
The AUD/USD pair continued to push lower during the Asian trading hours on Friday and touched its worst level since mid-October at 0.6762 but staged a
Phishing emails are still managing to catch everyone out
While the move to cloud computing is boosting security for some parts of the business, basic mistakes are still giving hackers a foot in the door.
$5.8B deficit over 6 months
The federal government ran a deficit of $5.8 billion over the first six months of its 2019-20 fiscal year compared with a surplus of $1.2 billion in the same period last year.
Boustead posts loss in 3Q on impairments in heavy industries and property divisions
KUALA LUMPUR (Nov 29): Diversified group Boustead Holdings Bhd recorded a net loss of RM155 million for the third quarter ended Sept 30, 2019, versus a net profit of RM7.3 million a year ago.The loss, the group said in a bourse filing, was due to impairments in the heavy industries and property divisions, totalling RM161.3 million, as well as weaker results in other divisions.The group reported a loss per share of 7.65 sen against earnings per share of 0.36
Jony Ive has disappeared from Apple’s leadership page 5 months after announcing he was leaving
The legendary hardware designer Jony Ive no longer features on the leadership page of Apple’s website.
Bokio, the Swedish startup simplifying accountancy with AI, raises €4 million round led by Creandum
Bokio, the Swedish based startup which utilises artificial intelligence to simplify bookkeeping for small businesses, sole traders, and freelancers, has raised €4 million.
Some Uber Drivers Use Bogus Identities and Shared Accounts
An anonymous reader shares a report: Uber faced a blow on Monday when London regulators refused to renew the ride-hailing company's operating permit because of safety concerns. The biggest issue lawmakers cited was drivers using false identities as they ferried unsuspecting passengers. At least 14,0...
Audi's Bold EV Future Comes At A Sacrifice
Investing in something as big as electric vehicles including the infrastructure, technology, and plant re-t...
Economy set to grow at much faster pace: P. K. Mishra
Mr. Mishra, however, acknowledged that in recent months India had witnessed a slowdown in growth.
Germany's Daimler to cut 'thousands' of jobs over 3 years
Daimler says it plans to cut thousands of jobs worldwide by the end of 2022. The German automaker says it plans not to fill some vacant posts and to offer severance packages in Germany to reduce administrative jobs.
Christmas bonus for Carrick-on-Suir Credit Union members
Carrick-on-Suir Credit Union Ltd is reporting a strong 2019. The credit union has provided €5.8 million in loans to the local community over the past year. Membership has grown and it now h...
Black Friday evolves but still marks start of holiday shopping season
The holiday shopping season kicks off on Friday with traditional Black Friday sales, though many retailers got a jump on the competition by getting started with deep discounts on Thanksgiving Day, and analysts forecast data to show that online shoppers spent a record $4 billion on Thanksgiving, MarketWatch reports. The total had already reached $2.1 billion as of 5 p.m. Thursday, a 20.2 percent increase compared to the same point last year. Demand was so high on Thursday that Costco's website and app were briefly hampered by heavy traffic, USA Today reports. Black Friday is continuing to evolve, as many stores try to snag a bigger share of holiday sales by cutting prices days or even weeks before what used to be a one-day shopping frenzy. Shoppers are expected to spend up to $731 billion in November and December, roughly 4 percent more than in the same period last year. Harold Maass
Italy: Annual GDP in Q3 grew 0.3% as expected
The Gross Domestic Product (GDP) in Italy expanded by 0.1% on a quarterly basis in the third quarter and came in at 0.3% on a yearly basis with both r
No online access to accounts at NatWest, RBS and FirstDirect
It is one of the busiest shopping days of the year - and pay day for many
NUM demands probe into Eskom over failure to make profit | IOL News
The National Union of Mineworkers has called for an independent audit on power utility Eskom to probe why it repeatedly fails to post profits.
Fintech start-up Slice aims 1 million users in tier-II cities by next year
Focussing on millennials between 18 to 29 years of age, Slice started out as a virtual card, but switched to physical card by May 2019
US shoppers stay away from stores, spend online as Black Friday begins
NEW YORK, Nov 29 — US consumers splurged more than US$2 billion online in the first hours of Thanksgiving shopping today, while crowds were largely thin at retailers on the eve of Black Friday, reflecting the broader trend away from shopping at brick-and-mortar stores. Early discounts offered...
Adani group shares rally up to 13% as CCI approves Total Group's 37.4% stake buy
Adani Gas share price rallied as much as 12.77 per cent to Rs 168.60 apiece on the BSE after the CCI approved the acquisition of 37.4 per cent shareholding and joint control by Total Group in Adani Gas
Sign in with Apple a headache for developers?
One of the most interesting from WWDC 2019 is Sign in with Apple and gives the 1.4 billion Apple product users a login and signup experience with greater control of their data.
China's true economic growth could be half of what everyone thinks, Business Insider - Business Insider Singapore
Business Insider - GDP growth could be as low as half the official number and that markets are likely overestimating China’s importance for the global economy.. Read more at businessinsider.sg
Coinbase Denies Reports on Takeover of Prime Broker Tagomi
Coinbase has acquired Tagomi, a US-based prime broker that specializes in trade execution and digital asset markets for $150 million
AfDB approves $210m to boost electricity transmission in Nigeria
The African Development Bank (AfDB) has approved $210 million to boost electricity transmission in Nigeria. In a statement on Thursday, Ndidi Mbah, general manager of public affairs at the Transmission
Canada's GDP growth slows in third quarter
The pace of economic growth in Canada slowed in the third quarter, boosted by higher business investment and increased household spending, but weighed down by a drop in exports, Statistics Canada said Friday.
Cree's CEO Talks About His Firm's Big 5G and Electric Car Opportunities
During a talk with TheStreet, Cree CEO Gregg Lowe shared plenty of details about the growth opportunities in front of his firm's Wolfspeed power semiconductor and materials unit.
USD/INR Technical Analysis: Eases from weekly tops, up little around 71.60 region
The USD/INR cross built on the previous session's recovery move from near three-week lows and gained some follow-through traction on the last trading
Liverpool announce plans to increase Anfield capacity to over 61,000
Liverpool have outlined plans to increase the capacity of their home ground to over 61,000 with the expansion of the Anfield Road Stand.
Renault-Nissan-Mitsubishi to appoint General Secretary for alliance
Renault-Nissan-Mitsubishi said on Friday that in coming days it planned to appoint a General Secretary for the alliance in a bid to boost ...
‘Winter is coming’: Synergy, transformation crucial for growth, says BI
Reiterating the President's notable Game of Thrones analogy, the Bank Indonesia governor stressed that structural transformation was vital to facing the coming "winter" in the global economy.
East Asia's political vulnerability
To avoid Latin America-style political crises, East Asian governments must ensure that their economic policies support equitable growth.
Crossing the stream: streaming services gain traction
For many middle-class households across the country, cable television has been the prime source of entertainment when looking beyond local content.
The European Parliament Declares a Climate Emergency
EU should commit to net-zero greenhouse gas emissions by 2050 at the UN Conference, says Parliament. Ahead of the UN COP25 Climate Change Conference in Madrid 2-13 December, the Parliament on Thursday approved a resolution declaring a climate and environmental emergency in Europe and globally.
Why 8th NASS rejected Buhari’s $30 billion loan request – Shehu Sani
Former chairman, Senate committee on local and foreign debt in the senate, Senator Shehu Sani has explained why the request by Nigeria President Muhammadu Buhari to borrow $30 billion was turned down by the 8th Senate.
Annual inflation rises to 5.56pc as food prices continue to increase
NAIROBI, Kenya, Nov 29 - Kenya’s year-on-year inflation has risen to 5.56 percent, compared to 4.95 percent registered last month, as the price of food and alcoholic drinks increased. According to Kenya National Bureau of
NatWest and RBS down, infuriating Black Friday online shoppers
With Black Friday sales underway, bargain-hunting customers of RBS and NatWest have been frustrated by a spate of online and mobile crashes disabling access to accounts.
India’s GDP growth slips to 4.5%, slowest in more than six years
The GDP growth rate has now slowed for the sixth consecutive quarter with the previous low recorded at 4.3 per cent in March 2013.
Goldman Sachs is going through a huge transformation under CEO David Solomon. Here's everything you need to know., Business Insider - Business Insider Singapore
Business Insider - Here's the latest news about Goldman Sachs.. Read more at businessinsider.sg
Briefly on farming and agribusiness
From around the country, a collection of brief news on developments in farming and agribusiness
Lisa Clements, Head of Acquisitions at Sky TV to step down
Lisa Clements, Head of Acquisitions: Entertainment and Movies at Sky New Zealand will be stepping down from her role after 12 years at the company. She will be moving into a position as Strategic Deal and International Content Advisor for Sky until the end of March 2020.
Equities Slip While Investors Mark Time
The eurozone reported its preliminary estimate for November CPI rose more than expected.Germany surprised by a decline in November unemployment queues, which slimmed by 16k.The euro is stuck near its
Good, bad and ugly of industrial relations code
Rituparna Chakraborty, Co-Founder & Senior Vice-President of TeamLease, cautions that this change in notification mechanism does not necessarily mean lesser administrative hassle or follow through for employers
Eurozone inflation firms but still below central bank goal
Official figures show that inflation across the 19-country eurozone rose in November but remains way below the level that the European Central Bank and its new president, Christine Lagarde, would like it to be.
Forex reserve hits fresh record high of $449 billion
In the previous week, the reserves had increased by $441 million to reach $448.249 billion.
Will Britain Lease Its New Aircraft Carriers to the U.S. Navy?
To offset a shrinking defense budget, the British military is considering whether to lease a carrier to the Americans, according to British media. The instigator of the scheme? The British Army,
Rural unrest spreads as farmers’ anger boils over
Low food prices and widespread fears about the green transition fuel discontent.
Malaysians can now use MyDebit ATM cards at some shops in Singapore
Cross-border payments between Singapore and Malaysia just got a huge boost, after the Republic’s NETS and Malaysia’s PayNet announced that their payment terminals can now accept each other’s cards.
Saudi Aramco IPO gets US$44.3b in bids so far, says lead manager
RIYADH, Nov 29 — Saudi Aramco has received bids for its shares totalling US$44.3 billion so far, lead manager Samba Capital said today, putting its initial public offering on track to be over-subscribed. The state-owned oil giant plans to sell 1.5 per cent of the company’s shares for as much as...
Hallmarking to be mandatory for gold jewellery from 2021: Paswan
The department of consumer affairs will issue a notification by January 15, 2020, for making gold hallmarking mandatory.
Huawei plans legal challenge to latest US pressure: Report
The Federal Communications Commission last week branded Huawei and its Chinese rival ZTE as threats to US national security and blocked them from the fund. It also proposed that other service providers be required to cancel or replace existing services and equipment from the companies. Huawei plans to file a lawsuit in the United States next week.
PIMCO Enhanced Short Maturity Active ETF: A 'Better Than Cash' Alternative
MINT is a low-risk bond-based exchange-traded fund with a focus on capital preservation and liquidity while offering yields above Treasuries through a monthly dividend.Actively managed strategy is uni
Daimler to ax at least 10,000 jobs in latest car industry cuts
Daimler said on Friday it will cut at least 10,000 jobs worldwide over the next three years, following others in the industry as they cut costs to invest in electric vehicles while grappling with weakening sales. It marks the third announcement on cost cuts this week by a major German car company as
Expo 2020 Dubai calls itself 'the world's greatest show': So what can you expect?
There's less than 12 months to go before the 2020 World Expo in Dubai opens its doors.
Most SE Asian stocks slip as Sino-US tensions over Hong Kong continue to weigh
(Nov 29): Most Southeast Asian markets dropped on Friday, hurt by worries that a US law backing protesters in Chinese-ruled Hong Kong could disrupt ongoing trade negotiations, as the two countries try to strike a deal to diffuse a 16-month long trade war.All eyes were trained on China, which on Thursday warned of retaliation after US President Donald Trump signed legislation that, among other things, threatened sanctions for human rights violations in Hong Kong."Market will continue to wait for
Minister introduces legislation to extend minimum expiry period of gift vouchers
Minister for Business, Enterprise and Innovation Heather Humphreys is to bring in new rules around the sale and use of gift vouchers to improve consumer rights in the area.
RBI begins bankruptcy proceedings against DHFL, sends stressed NBFC to NCLT
DHFL, once one of India's top shadow lenders, owes its creditors - which include mutual funds, banks, pension funds, insurance firms and retail investors - close to Rs 1 trillion
Textile parks grow at snail's pace; only 22 out of 59 projects completed so far
Scheme for Integrated Textile Parks (SITP) provides support for creating good textile infrastructure, with the government granting up to 40 per cent of the project cost
Mediacorp remains best radio network in Singapore: Nielsen survey
SINGAPORE: Mediacorp remains the number one radio network in Singapore, according to the results of the latest Nielsen Radio Diary Survey released ...
China updates drug reimbursement list, agrees price cuts
Chinese regulators have added 70 new medicines to the country’s National Reimbursement Drug List (NRDL), and has agreed an average of 61% in price cuts with pharma companies.
Alta Fox Opportunities Fund, L.P. Q3 2019 Quarterly Letter
Alta Fox Capital is a long/short hedge fund.In Q3 2019, the fund decreased 2.21% gross and 2.10% net.This compared favorably to the -2.40% return for the Russell 2000 and -5.4% return for the Russell
Timeline: Twists and turns in Mediaset vs Vivendi TV drama
(Reuters) - Italian broadcaster Mediaset (MS.MI) and shareholder Vivendi (VIV.PA) were negotiating on Friday to find a way to end a three-year legal battle after all-night talks failed to produce a breakthrough, sources said.
Eversendai 3Q net profit down 89%, hit by high expenses
KUALA LUMPUR (Nov 29): Higher operating and administrative expenses pulled down Eversendai Corp Bhd's net profit for the third quarter ended Sept 30, 2019 (3QFY19) by 88.8% to RM1.47 million from RM13.14 million a year ago.Eversendai said the significant increase in the operating and administrative expenses was partly due to higher depreciation expenses and other fixed costs expensed to income statement by its mechanical fabrication, installation and modularisation segment. This was due to the under-utilisation of the Ras Al
Prof Danquah calls for a Presidential Initiative transformation of Agriculture
news, story, article
Dip in rail accidents in last two years: Piyush Goyal
Assuring members that Railways have taken steps to ensure safety and improve infrastructure, he said, "The last 2.5 years have been the safest in the history of Indian Railways. There have been least number of accidents in the last 2.5 years."
Sugar companies' profit set to rise on firmer prices
The profit of sugar companies is expected to improve with prices firming up on the back of lower sugar production. Domestic sugar production for sugar season started in October was revised downwards
Canada: GDP masks sharp improvement in Canadian business investment for Q3 – TDS
Commenting on Friday's Gross Domestic Report from Canada, "GDP growth was in line with market expectations, with the Canadian economy growing 1.3% (an
Inflation Rates Up By 5.56PC in November, From 4.9PC In October
The cost of living (inflation rate) went up from 4.95 percent in the month of October to 5.56 in November.The Kenya National Bureau of Statistics (KNBS) notes that the cost of food and non-alcohol
Phillips 66: IMO 2020 Will Likely Lead To Surge In Refining Profits
Over the past five years, PSX has not only outperformed the broad energy sector, but has also beaten the S&P 500.Still, the company's P/E is less than half that of the broad S&P 500, while the dividen
BCC struggles to rehabilitate recreational facilities due to funds shortage
Shortage of funds is reportedly crippling the Bulawayo City Council from rehabilitating recreational facilities needed for various activities that may keep the ...
AUD/USD slumps to fresh multi-week highs near 0.6760 on broad USD strength
After rebounding to 0.6780 area during the European trading hours, the AUD/USD pair lost its traction in the last hour pressured by the broad-based US
US, India have made exploratory requests for greater market access: Piyush Goyal
“Regular consultations with the concerned line ministries / departments and other stakeholders bodies is a part of the ongoing discussions,” he said in a written reply to a question on bilateral trade negotiations with the US in Rajya Sabha. The minister said that trade related issues are discussed as a part of any ongoing economic relationship.
CME Group Bitcoin Futures Contract Expire Today, BTC Price Pushes Ahead
The monthly Bitcoin Futures Contracts of CME Group are set to expire today, as it’s the last trading Friday of the month. With the recent volatility, the
Menang Corp posts loss in 1Q due to land clearing and earthworks expenses, corporate exercises
KUALA LUMPUR (Nov 29): Menang Corp (M) Bhd posted a net loss of RM503,000 in the first quarter ended Sept 30, 2019, compared with a net profit of RM967,000 in the corresponding quarter last year.In a bourse filing, the group attributed the loss to expenses stemming from land clearing, earthworks and provisions for the costs of proposed corporate exercises.It reported a loss per share of 0.1 sen compared with earnings per share of 0.2 sen last year.Quarterly revenue declined
Australia a 'treasure island' for medical device giants: ex-hospital boss
The former boss of Australia's second largest private hospital operator has backed health insurers' claims they are being gouged by medical device manufacturers.
Sebi advances margins determination period for commodity derivatives
Effective April 1, 2020, cut off time shall be kept at 5 pm for the purpose of determining minimum threshold of margins to be collected by members from their clients
Intel calls for aid manufacturing CPUs… and Samsung answers
Any excuse for a Lord of the Rings reference...
Govt on track to make India $5 trillion economy by 2024: P K Misra
Describing the country's economic fundamentals as strong, Mishra said the annual average GDP growth of 7.5 per cent during 2014-2019 was the highest since independence
Warren Buffett gets outbid by private equity amid Berkshire's 'elephant-sized' deal hunt
While Buffett is still on the prowl, he may not be willing to outbid private equity firms flush with money
Almost Half of EU States Give No-Go to New Rule Requiring Tech Giants to Reveal Real Incomes & Taxes
The proposed directive was worked out to shed light on how big businesses, like Apple, Google, or Facebook to name a few, get around tax legislation by formally shifting their income from greater-tax nations such as the UK and France to lower-tax jurisdictions like Malta, Ireland, or Luxembourg.
Mayo firm a winner in InterTradeIreland Seedcorn competition
A MAYO firm was one of the main winners at the prestigious InterTradeIreland Seedcorn Investor Readiness Competition final, held at the Guinness Storehouse in Dublin.
CEO of Crypto Exchange IDAX Global Disappears, Experiences “Impeded Withdrawals”
An opaque cryptocurrency exchange IDAX Global has reported that its CEO has disappeared. The news comes at a time when the exchange was experiencing "channel c
Liverpool want to host GAA matches after Anfield expansion
Liverpool have announced proposals for extending the capacity of Anfield to over 61,000, while the club is also aiming to host GAA and NFL matches at the
Sasol scores ‘own goal’ as climate pressure mounts in SA
Company could face legal challenges if it continues to refuse votes on the issue.
Odisha's investments in PSUs yield poor returns, says CAG report
Out of 147 entities where the government poured funds, only 12 had paid dividend- two rural banks, nine government companies and one statutory corporation
USD/CAD edges back closer to 1.3300 handle, focus shifts to Canadian GDP
The USD/CAD pair edged higher during the early European session on Friday, with bulls making a fresh attempt to reclaim and build on the momentum beyo
South Korea cuts growth forecast to lowest in decade
SEOUL: South Korea's central bank on Friday (Nov 29) cut its growth forecast for this year to 2 per cent, which would be the weakest rate in a ...
SECA Evening Event: Venture capital for family offices, insurance firms and pension funds
This event is aimed at managers and decision-makers from the investment sector of Swiss family offices, insurance firms and pension funds.
What to do if you fell victim to the fake John Lewis £100 voucher scam
You could be at risk of fraud and identity theft, so it's prudent to take immediate action to protect yourself
Liverpool Could Be Set To Host Gaelic Games At Anfield
Discussions are underway to expand Liverpool's Anfield Road Stand with the club also teasing the possibility of hosting a GAA match at the iconic stadium.
How do economists predict GDP figures? These indicators help
GDP Q2: One of the reasons why economists are fairly sure about the outcome of the GDP estimates is that key components of the GDP have not been showing positive trends
In a first, RBI sends DHFL to NCLT for debt resolution
India Business News: The Reserve Bank of India (RBI) on Friday sent the troubled mortgage lender Dewan Housing Finance (DHFL) for bankruptcy proceedings, making it the fir
Secret Revealed: Germany Has Unveiled a Stealth Aircraft
The Low Observable UAV Testbed, or LOUT, isn’t a fighter or a bomber. It is a 4-ton, diamond-shaped drone intended for research into stealth technologies.
Buhari Administration Committed to Growth of MSMEs — Adebayo
Minister for Industry, Trade and Investment, Otunba Niyi Adebayo, has declared that “Nigeria is open for business!” Vanguard News
The dark side of Black Friday: Counting the real cost of deals and bargains
It's great for consumers, but Planet Earth and High Street businesses could pay a heavy toll for our greed.
Govt accounts show strong debt position, impact of tax timing changes
Govt accounts show strong debt position, impact of tax timing changes
MG Motor India partners Umicore to recycle upcoming EV's batteries
The partnership will allow end-of-life ZS EV batteries to be recycled, thus ensuring greater peace of mind to MG customers about their ecological footprint
Amazon workers strike on ‘Black Friday’
Hundreds of Amazon workers in Germany walked off the job as the US online retailer kicked off its "Black Friday" sales bonanza, escalating a long-simmering battle for better pay and working conditions.
Renault and Nissan Try a New Way After Years When Carlos Ghosn Ruled
The automakers want to strengthen their alliance with more decisions built on consensus.
Business licences loom for short-term online rentals in Saskatoon
The options city politicians will consider include an outright ban on renting properties not occupied by host
Anambra acquires land for honey production, export — ADP Manager
Anambra Government has procured over five hectares of farmland at Igbariam in Anambra East LGA for Bee Plantation and Mass Production of honey for export
Natixis downgrades price outlook for 2020 as gold starts losing glitter
Signs of a thaw in the US-China trade spat and prospects of an improvement in US economic growth have taken a toll on the metal, which has lost nearly $100 an ounce to trade at $1,456 today
Nalco banks on long-term raw material security for alumina, aluminium ops
Coal mining to take off in 2020, Pottangi bauxite mine to go on stream in 2023
SCHOTT Glass to double capacity at Jambusar plant in Gujarat
Commits to infuse Euro 26 million by next year
Sensex hits 19 fresh highs in November, gains 665 points
The announcement of corporate tax reduction in the last week of September provided the much-needed trigger that lifted the market by around 4 per cent during the month and a little over 7 per cent till date
Govt accounts show strong debt position
Hon Grant Robertson
French operators ramp up FTTP roll-out with 1.2 mln premises passed in Q3
French FTTP networks covered another 1.2 million homes and businesses in the three months to September, a new high after the record 1.1 million premises passed in the previous quarter. Overall, 16.7 million premises had access to FTTP services, up 34 percent year-on-year, said regulator Arcep in its latest fixed broadband report.
Buhari proposes pool fund for africa trans-regional gas infrastructure
PRESIDENT Muhammadu Buhari yesterday said there was a need for African nations to pool resources to put up trans-border and trans-regional....
Minister urges Japanese investors to leverage Malaysia’s digital transformation push
KOBE (Japan), Nov 29 — International Trade and Industry Minister Datuk Darell Leiking is calling for Japanese investors to leverage on Malaysia’s push for digital transformation. He said Malaysia was committed to undertaking the digital transformation efforts, among others, through the National...
Tenants want better in Auckland metropolitan office market
Colliers International Research’s latest annual review of the Auckland metropolitan office market shows a busy year of activity with ongoing occupier demand for higher quality spaces leading to the construction of new buildings and refurbishment of existing premises.
We commit to uninterrupted power supply - GRIDCo Chairman
news, story, article
Bitcoin (BTC) Futures Markets Hit $5B Daily Volume
The Bitcoin (BTC) market has evolved to include the simplest kind of derivative financial products - futures contracts. Those markets now reach $5 billion
Hawaii could have more than 10M annual visitors for 1st time
Tourism officials say Hawaii is on track to have more than 10 million visitors in one year for the first time in the state’s history.
Retailer Quiz to update ahead of festive sales period
Glasgow-based fast fashion chain Quiz will update on current trading ahead of the key festive period when it reports interim figures next week.
Shura Council Speaker: Qatar views Africa a promising continent
Speaker of the Shura Council, H E Ahmed bin Abdullah bin Zaid Al Mahmoud, has underlined the interest of the State of Qatar under the leadership of Amir H H Sheikh Tamim bin Hamad Al Thani, to deepen partnerships and open new horizons for relations with brotherly and friendly countries and regional and international groupings, particularly African countries and organisations to build solid strategic relations based on the principle of constructive cooperation to serve common interests.
World shares mostly slide in ‘Black Friday' retreat
BEIJING (AP) - Stock markets mostly fell Friday as investors gauged whether renewed China-U.S. tensions might lead to a Black Friday sell-off, and with U.S. traders largely out for a long weekend.
China seeks greater LNG cooperation with Qatar: Ambassador
China, the world’s largest LNG consumer, is seeking to expand its LNG cooperation with Qatar, the world’s largest LNG producer, which has just recently announced its plans to further increase its LNG production capacity by 64 percent to 126 million tonnes per annum (mtpa) from the current 77mtpa by 2027.
No question of closing down Integral Coach Factory, says Piyush Goyal
Minister hails the organisation for the Vande Bharat Express, India's first indigenously made semi-high-speed train
SC ruling on AGR will lead to telecom sector’s collapse: FICCI
Cascading effect will be felt across several other sectors too
GDP growth tanks to 4.5% in Q2; core industries' output shrinks 5.8% in Oct
Fiscal deficit in the first seven months of FY20 already at 102% of government's target for full financial year
SA unveils R900bn plan to tackle water shortages
A separate unit will be established to finance, manage and operate the national water infrastructure.
Canada’s economy slowed in third quarter
OTTAWA, Nov 29 — Canada’s economy put on the brakes in the third quarter sending growth falling to 1.3 per cent, or almost one-third of the previous three months’ GDP, the government statistical agency said today. Statistics Canada blamed a drop in exports for the slowdown, noting that it was...
Better Buy: Square vs. American Express
A case of the turtle and the hare?
Humana: Patience Will Likely Achieve A Lower Buy Price
The only way an investor can realize a return from an investment in shares is through receipt of dividends and gains on share sales. I repeat - the only way.The best way to make a gain on sale of shar
Chinese investments in Malaysia halve, U.S inflow soars
Chinese investments into Malaysia halved to $1.7 billion in the first nine months of the year from a year ago, though U.S. investments soared seven times to $5.9 billion - reflecting a diversion of funds due to the Beijing-Washington trade clashes. Data provided by the Malaysian Investment Development
Why Bitcoin Price May Soon Jump 15% to $8,500: Trader Who Foresaw Decline to $6,600
It may have been Thanksgiving on Thursday, but Bitcoin (BTC) held its ground, managing to make a number of key time frame closes above the key $7,400
Ukraine boasts record high grain harvest at 74.3 mln tonnes as of Nov 28
By the end of November, farmers threshed 0.3 million tonnes more than forecasted this year.
Amazon workers stage strike on Black Friday
BERLIN (AP) - Workers at Amazon distribution centers in Germany have gone on strike for better pay on Black Friday, one of the busiest days of the year for the online retailer.
Forex kitty continues to move up, closes in $449 billion mark
India Business News: Foreign exchange reserves continued the upward move, gaining by a modest $347 million to touch a new high of $448.6 billion in the week to November 22
Taobao's cargo ship with items from 11.11 sales sank deep into the ocean
This must be a really devastating news to some of the fanatic buyers during the 11.11 sales. It is reported that over 879 tonnes of cargo shipped from China sunk into the open ocean after encountered a collision. The cargo mainly consists of products purchased from Taobao during the sales. The repercussions of this incident involved not only Taobao and its consumers, but also the lives of the ship’s crew members.
Most Read articles – Panasonic exit, Intel Connectivity, RISC-V relocation
Time once again to see what are the five most popular articles on ElectronicsWeekly.com that were written in the last week, according to the objective truth of Google Analytics. See what your peers have been reading recently.
AGR dues: Bharti Airtel to seek board nod for raising funds on December 4
The fund raising proposal follows the Supreme Court judgement on adjusted gross revenue
ECB Board nominee Panetta calls for an accommodative monetary policy
Inflation outlook seems to fall short of the European Central Bank's (ECB) Governing Council’s inflation aim of below but close to 2%, noted Fabio Pan
UNEP’s Emissions Gap Report warns: ‘Very hard to meet 1.5 degree goal without deeper, faster cuts’
This is from the recently published United Nations Gap Emissions Report 2019 that presents a grim assessment on the yawning gap between 'what countries have committed and what they actually require to do to limit greenhouse gas targets'.
Fiscal deficit exceeds budget estimates during April-October on lower tax receipts
Constrained by lower tax collection, the Centre’s fiscal deficit exceeded the budget estimate during first seven months (April-October) itself. Fiscal deficit is the difference between income and the
Spurt in wheat sowing pushes rabi area to 338 lakh hectares
Pulses acreage falls with dip in area under gram cultivation
Hallmarking to be mandatory for gold jewellery from 2021: Ram Vilas Paswan
However, one year period will be provided for implementation of this decision to enable jewellers clear their existing stock
Amazon tax must be delayed in light of service shutdowns
The New Zealand Taxpayers’ Union is calling on the Government to delay the introduction of the ‘Amazon tax’ in light of reports Amazon will withdraw its international websites while it processes how to comply with new GST rules, says the New Zealand Taxpayers’ Union.
How smartphones can verify your identity
Anyone who wants to open a bank account or buy a mobile phone plan has to identify themselves to the respective service provider. The ETH spin-off PXL Vision has a simpler solution: just use an ID scan ...
Domestic traffic for Air Passengers rises by 12pc – KCAA
NAIROBI, Kenya, Oct 29-The Kenya Civil Aviation Authority says there is an increase in passenger traffic at the Jomo Kenyatta International Airport with 12 per cent growth in domestic passengers and 7.6 per cent in
NatWest online glitch resolved
One man tells of difficulty paying for a prescription, while Black Friday shoppers are also hit.
Got an Oyster card? TfL just locked your account, wants you to reset your password
TfL is asking all Oyster and contactless account holders to reset their passwords to reduce the risk of credential stuffing attacks.
The Power of Green Public Finance
Policymakers and pundits have been wringing their hands over the crises afflicting the European Union, arguing that it is falling behind in confronting major threats to its long-term survival. Yet on the issue of climate change, nothing could be further from the truth. In mid-November, EU member states demonstrated that they can unite behind a shared vision of a low-carbon future. And European institutions are already leading the fight against climate change at the global level. Among these, the European Investment Bank will now be playing an even greater role as an instrument for decarbonizing the economy and limiting global warming to well below 2°C above pre-industrial levels. Climate change is the top political issue of our time. Scientists estimate that if we remain on our current path, we will experience global warming of 3-4°C by the end of the century, at which point large portions of the planet will be uninhabitable.
Opec November oil output slips before Aramco IPO, policy meeting
LONDON, Nov 29 — Opec oil output has fallen in November as Angolan production has slipped due to maintenance and Saudi Arabia has kept a lid on supply to support the market before the initial public offering (IPO) of state-owned Saudi Aramco, a Reuters survey found. On average, the 14-member...
Germany's Daimler to cut at least 10,000 jobs over 3 years
BERLIN (AP) - German automaker Daimler said Friday that it plans to cut at least 10,000 jobs worldwide by the end of 2022. It plans not to fill some vacant posts and to offer severance packages in Germany to reduce administrative jobs.
More pain for German car industry as Daimler axes 10,000 jobs
Luxury automaker Daimler said Friday it would scrap at least 10,000 jobs worldwide, the latest in a wave of layoffs to hit the stuttering German car industry as it battles with a costly switch to electric.
Future of big name Burton store in the balance
It could be saved by another high street name
India GDP growth: a six-and-a-half-year low – ANZ
Analysts at Australia and New Zealand Banking Group (ANZ) offered their take on Friday's release of Indian GDP report, which showed a further decelera
Canalside apartment proposal given green light
Work to build more than 70 new canal-side apartments on derelict Walsall land could start as soon as January after plans were given the green light.
Most fund managers since 2011 see South Africa equities as cheap
More fund managers also see local bonds as undervalued, survey shows.
Dangote Sugar Refinery: Revenue recovers but cost pressures remain
Dangote Sugar in its recently released 9M 2019 financials reported a marginal y/y growth in revenue to N117.4 billion in 9M 2019.
IOB elevates Bhuwan Chandra as CFO
Public sector Indian Overseas Bank has announced the elevation of Bhuwan Chandra as its Chief Financial Officer with effect from December 1. Chandra succeeds Radha Venkatakrishnan who is superannuatin
Swedish brand H&M tests clothing rental service
Hennes & Mauritz AB is testing out a clothing rental service as the fashion industry faces mounting criticism for waste and pollution. Consumers can rent garments for 350 kronor ($37) a week i
Finance Ministry: No change in RON97, RON95, diesel retail prices Nov 30-Dec 6
KUALA LUMPUR, Nov 29 — The Finance Ministry (MoF) today announced the retail price of RON97 petrol stayed at RM2.66 per litre while RON95 petrol and diesel will remain at RM2.08 and RM2.18 per litre respectively for the period November 30 to December 6. MoF in a statement issued today, announced...
BMW Builds a Plant for Electric Cars in China
Luxury German carmaker BMW on Friday said it would build fully electric models of its Mini cars at a new plant in China, as it kicked off a joint venture with Chinese partner Great Wall Motor. About 160,000 vehicles are are set to roll off the assembly line at the planned factory in the city of Zhangjiagang in Jiangsu province, Tech Xplore reported.
FPA Crescent Fund Q3 2019 Commentary
The Fund seeks to generate equity-like returns over the long term, take less risk than the market and avoid permanent impairment of capital. We invest across capital structure, geographies, sectors.FP
Continental Reinsurance Plc suspended from trading shares on NSE
Trading in the shares of Continental Reinsurance Plc has been suspended effective Thursday, 28 November 2019.
Flughafen Zürich AG wins bid for new airport near New Delhi
LUCKNOW, India — An Indian official says Flughafen Zürich AG has been selected to design, develop and operate a new airport near the Indian capital after outbidding Indian companies. A spokesman for the Uttar Pradesh state government, Mritunjay Kumar, says state authorities have acquired 5,100 acres (2,063 hectares) of land and obtained environmental clearance for …
Dark times: Eskom Has A R50 Billion Shortfall
JOHANNESBURG – Eskom on Thursday said it needed to come up with a way to address the R50 billion shortfall it had accumulated this past financial year. The power utility projected that it would lose R20 billion by the end of the year. Its operating costs are over R30 billion. Eskom’s CFO Calib Cassim said […]
Jony Ive has disappeared from Apple's leadership page 5 months after announcing he was leaving
Legendary hardware designer Jony Ive no longer features on the leadership page of Apple’s website.
US Dollar Index clinches 6-week highs beyond 98.50
DXY moves beyond the 98.50 level. The index records fresh multi-week highs. US 10-year yields climb to highs near 1.78%. The greenback, in terms of t
US redwood sequoia company wins approval
A US company wanting to grow giant redwood trees here to sell the lumber back home has won the right to buy another 4000ha in New Zealand. Tough restrictions on cutting down Redwood, or Sequoia, in the US means people cannot get enough of it to use as a building material. The wood is especially popular for things like decking and outdoor furniture, as it is admired as both attractive and robust. To meet the need, the Soper Wheeler Company of California set up the New Zealand Redwood Company in Taupō in 2001. New Zealand's moist climate allows higher growth rates for Sequoia than in California.
GRAINS-Chicago soybean prices slip as U.S.-China tensions grow
* U.S.-China talks shift to Shanghai this week* Wheat underpinned by declining outlook for Russia's crop* No deliveries against CBOT December wheat or corn contracts (Recasts with U.S. trading, adds quotes, updates prices, changes dateline from LONDON)By P.J. HuffstutterCHICAGO, Nov 29 (Reuters) - Chicago soybean futures slipped on Friday with the market closely watching for updates on U.S.-China trade talks, and traders less than impressed with a jump in recent soybean export sales between the two countries.
Expo 2020 Dubai calls itself 'the world's greatest show': So what can you expect?
There's less than 12 months to go before the 2020 World Expo in Dubai opens its doors.
Prof Danquah calls for a Presidential Initiative to transform Agriculture
news, story, article
New World Fund sells over 10 mn shares in Adani Ports worth Rs 401 cr
As per September 2019 shareholding data, New World Fund Inc was a public shareholder of Adani Ports and held 2.07 per cent stake
The Bitcoin Man Acquires FortuneZ, Appoints Sydney Ifergan as COO
Herbert Rafael Sim, popularly known as The Bitcoin Man, has acquired crypto-focused business publication company FortuneZ for a sum of $2,500,000.
Buffett outbid by private equity in Berkshire’s big deal hunt
Apollo Global Management tops Berkshire's share bid for technology distribution company.
UK Black Friday transactions jump 12.5pc versus 2018, says Barclaycard
LONDON, Nov 29 — The volume of Black Friday payment transactions in Britain as of 1000 GMT was up 12.5 per cent versus last year, initial data from Barclaycard showed today, bringing some cheer to UK retailers in need of a tonic after a troubled year. Barclaycard, which processes nearly one pound...
$993 Million multipurpose Pwalugu dam to be completed by March 2021
The Pwalugu multipurpose dam to be constructed in Pwalugu in the Talensi District of the Upper East region will cost an amount $993 million. The project which is expected to be completed by March 2021 will be entirely funded by the Government of Ghana. Addressing a durbar of chiefs and people of the Upper East and North East region of Ghana in Pwalugu and to cut sod for the project to begin, President Nana Addo Dankwa Akufo-Addo said government is committed to starting and finishing the project as scheduled. “As we further indicated to our commitment to the realisation of this project, the total cost of the project amounting to some $993 million nearly a billion dollars to be borne entirely by government”, he said. According to the President, the Chinese firm Sinohydro, a subsidiary of PowerChina will build the project under the engineering procurement construction contract which will be executed in fifteen (months).
Biz EOD: GDP growth slows down to 4.5%; RBI may cut repo rate; Fiscal deficit of 3.9% realistic, says Uday Kotak
Catch the top stories from the world of business and economy with BusinessToday.In's end of day (EOD) report
Daily Deal: Black Friday Roundup With Additional 60% Off
Check out our sales and specials this Black Friday over at the Techdirt Deals Store. Use the code BFSAVE60 during checkout to receive...
German Amazon workers strike on 'Black Friday'
More than 2,000 Amazon workers in Germany walked off the job as the US online retailer kicked off its
Nigeria’s First Digital Economy Diagnostic Reveals a Vibrant Entrepreneurial Ecosystem
The World Bank Group today launched its first Nigeria Digital Economy Diagnostic Report during an eSummit hosted by the government. The report reveals that although Nigeria is the largest mobile market in Sub Saharan Africa with a strong mobile broadband infrastructure and a vibrant digital entrepreneurial ecosystem, the lack of infrastructure and connectivity in the […]
Malaysia beats Thailand in video streaming experience according to Opensignal’s report
Opensignal has just posted its latest “State of Mobile Video Experience” report and it appears that telcos in Malaysia have shown some improvement when it comes to the mobile video experience. The overall mobile video experience score for Malaysia has increased from 47.1 points in 2018 to 54.4 points in 2019.
Black Friday 'ruined' by NatWest banking outage, customers complain, after it leaves them unable to access accounts
Black Friday was "ruined" by a Natwest banking outage, customers have complained after being unable to access their bank accounts.
Ola restructuring biz over IPO to cost 250 jobs: Report
The spokesperson added that the restructuring is aimed at becoming "more nimble and have a sharper focus on growth and profitability".
Mayar Fund's Q3 2019 Letter To Partners
We invest globally in great businesses that have durable economic moats, favorable customer economics, consistent financial results, high and stable returns on capital, strong cash flow generation, an
Canadian Investment Firm 3iQ Files Prospectus for Bitcoin Fund
Canadian investment fund manager 3iQ filed a preliminary prospectus for its close-end, regulated, publicly-traded Bitcoin fund.
India accounted for 22% of all visa-related searches to US in 2018: Survey
Overall, the top 10 countries accounted for nearly 56.5 per cent of all foreign visa-related searches in 2018, the report added
Eurozone inflation jumps more than expected in November – ING
The increase in both headline and core inflation was driven by strong growth in services prices. Still, don't assume this has implications for the Eur
Gold rallies Rs 143 to Rs 38,695 on rupee depreciation, positive trend
On Thursday, gold prices closed at Rs 38,552 per 10 gram
TymeBank already eyeing next million customers
After announcing the bank’s first million customers, CEO Tauriq Keraan reveals partnerships will unlock further growth.
Protests and bank borks meddle with Black Friday retail nirvana
Friday I'm in debt
Agriculture Q2 growth shows marginal recovery at 2.1%; farmer incomes dip
Most rabi crops, including wheat, mustard and chana, were selling at 10% to 37% below the MSP in the first few months after their harvest
Spark 4G HD Calling (VoLTE) nationwide roll-out progresses
Spark is now well into its nationwide roll out of 4G HD Calling capability on its network. 4G HD Calling is supported by VoLTE technology (Voice over Long Term Evolution). Spark started with an initial soft launch in July by inviting a small number of customers to update their handsets to VoLTE technology. It has since rolled out progressively to more models of handsets, with the roll out to continue into 2020.
Wettest monsoon in 25 years could lift 2020 wheat output to a record high
India received monsoon rains during the June-September season that were 10 per cent above average
Forget the Noise; Traders Explain Why You Should Be Long-Term Bullish on Bitcoin
Traders are bearish on bitcoin after a 53% crash. More pain may be ahead but BTC offers features that make it a good long-term investment.
SAA dropped by leading travel insurer
The decision prompts Australian travel agency Flight Centre Travel Group to stop selling tickets for the airline.
Electronic waste pileup sparks warnings
The pileup of electronic waste will only accelerate with consumers buying more and more devices.
Buying a BS4 car
Should I buy a BS4 car or do I wait for a BS6 model and will there be any restrictions on the former after four or five years?
Market Wrap, Nov 29: Sensex tanks 336 points, Nifty closes at 12,056
During the day, the index hit a low of 40,664.18 levels. Reliance Industries, ICICI Bank, Hindustan Unilever, and State Bank of India contributed the most to the index's fall
UTB announces 2020 Tourism Expo with focus on Intra-Africa travel
As Uganda moves to a position as a premier tourist destination, Uganda Tourism Board (UTB) is set to host the 5th annual Pearl of Africa Tourism Expo (POATE 2020). POATE is a tourism and travel trade exhibition which brings together regional and international tour operators, travel agents, destination agencies and various players in the tourism trade to network and facilitate tourism business. The three-day expo will run from 4-6 February 2020 and will be held at the Speke Resort in Munyonyo. POATE 2020 will integrate business to business (B2B) and business to consumer (B2C) trade event format under the theme “Inspiring high-value engagement to promote intra-Africa travel for leisure, business and adventure”, aimed at raising Uganda’s profile as a preferred destination in the region and internationally. Launching the event, State Minister for Tourism Wildlife and Antiquities Godfrey Kiwanda noted the board’s focus on Intra- Africa travel.
European Space Agency with a Record Budget
European Space Agency (ESA) members agreed Thursday a record 14.4 billion euros budget, promising to maintain Europe's place at the top table as the United States and China press ahead and industry disruptors such as Elon Musk's Space X present new challenges, AFP reported.
Sage Group acquires London-based CakeHR to strengthen its SaaS offering
CakeHR, the London-based provider of cloud HR solutions, has been acquired by Sage Group, a legacy business software company in the UK that is transitioning to SaaS. Founded in 2012, CakeHR allows companies, particularly small businesses, move key areas of HR management to the cloud. For the 27,000 users around the world, the SaaS suite […]
Reprieve For Customers As Co-op Bank Scraps Balance Enquiry Charges
The Co-operative Bank has announced that it is scrapping all balance inquiry charges to its customers.In a statement posted on it social media pages, Co-op Bank said the move was as a result of cu
Bitcoin ransomware forces Spanish security firm Prosegur offline
Prosegur has been hit by Ryuk ransomware, the notorious Trojan that encrypts files on a compromised device and typically demands payment in Bitcoin.
Economic Crisis: GDP Growth Falls to 4.5% in July to September, Lowest in More Than 6 Years
India was the world’s fastest-growing economy until last year, posting quarterly growth rates of as high of 9.4% in 2016.
Npower Reveals Reason It Is Axing Up To 4,500 Jobs Under Closure Plan
The new owner of energy firm, Npower says it is cutting up to 4,500 United Kingdom (UK) jobs as part of a plan to make it more profitable.
Euro-Dollar Gets No Joy from Inflation Gains as German Politics and U.S. Tariff Threat Loom
The Euro vs the Dollar - Latest Exchange Rate News and Forecasts on the Euro Dollar Currency Pair Today
Donohoe responds to corporation tax warnings
Ireland will have to prepare for a fall in lucrative corporation taxes in the coming years, the Finance Minister admits.
Top news today evening: India’s GDP slips further, Pragya Thakur’s apology and more
From India's GDP slipping to a 26-quarter low of 4.5 per cent in the second quarter to Pragya Thakur issuing apology in the Lok Sabha over Godse remarks, here are the top news of today evening.
Eight core sector industries shrink 5.8% in October
Electricity generation declined by 12.4 per cent in October, 2019 over October, 2018. Its cumulative index increased by 1.5 per cent during April to October, 2019-20 over the corresponding period of previous year
Rupee slips 12 paise to 71.74 against US dollar ahead of GDP data
On a weekly basis, the domestic unit has lost 3 paise.
Mulpha International suffers big losses, dragged down by RM315 million impairment in 3Q
KUALA LUMPUR (Nov 29): The whopping RM315.38 million impairment on its investment in an Australia-listed associate, AVEO, widened Mulpha International Bhd's net loss substantially to RM299.32 million in the third quarter ended Sept 30, 2019 (3QFY19) from RM6.65 million in the previous corresponding quarter.The hefty impairment offset the improved performance in the hospitality and property divisions, said the company in a filing with Bursa Malaysia.The company’s loss per share swelled to 93.69 sen for 3QFY19 from 2.08 sen for
Bill Evans: Australian dollar to keep falling as RBA cuts
Via Bill Evans of Westpac on the RBA and the Australian dollar:
Daily Mail owner buys i as UK regional market consolidates
DMGT to pay £50m for national daily that belongs to indebted JPI Media
India's fiscal deficit touches Rs 7 trillion, surpasses annual target in seven months
India’s fiscal deficit in the first seven months through October stood at Rs 7.2 trillion, or 102.4 per cent of the budgeted target for the current fiscal year, government data showed on Friday.
LTFRB to review Grab’s fare structure
Following the P23-million fine imposed by the Philippine Competition Commission (PCC) against Grab Philippines, transport regulators will review the ride-sharing firm's fare setting scheme to determine any violation on existing agency policies.
German Amazon workers strike on ‘Black Friday’
FRANKFURT AM MAIN, Nov 29 — Hundreds of Amazon workers in Germany walked off the job as the US online retailer kicked off its “Black Friday” sales bonanza, escalating a long-simmering battle for better pay and working conditions. The strike called by the powerful Verdi union is set to last...
Slowdown impact? Core sector output shrinks 5.8% in October
As many as six of eight core industries saw a contraction in output in October
Hong Kong Airlines delays salaries as protests hit tourism
HONG KONG: Low-cost carrier Hong Kong Airlines said Friday (Nov 29) it will delay salary payments to some staff, warning its business has been ...
Shareholders of Singapore-listed POSH told to accept takeover offer by Kuok Group
KUALA LUMPUR (Nov 29): Minority shareholders of loss-making Singapore-listed PACC Offshore Services Holdings Ltd (POSH) have been advised to accept the voluntary conditional cash offer of S$0.215 by the Kuok Group, through its investment vehicle Quetzal Capital Pte Ltd.In a letter to the recommending directors in respect to the offer, independent financial adviser Provenance Capital Pte Ltd said the offer presents shareholders with a cash exit opportunity to realise their entire investment in the shares at a fixed price
ECB Board nominee Schnabel: September stimulus can be justified by current inflation data
The European Central Bank's (ECB) September stimulus could be justified by current inflation data as well as the outlook for inflation over the medium
Today’s the deadline for registering your drone in the UK
Or else risk a £1,000 fine
Sweden-based Online Payments Firm Klarna Reportedly Onboarded 60,000 Additional Merchants
Sweden-based Online payments company (and bank) Klarna reportedly became Europe’s highest valued Fintech in August 2019 with a market capitalization of around $5.5 billion. Klarna’s management stated on November 26 that it has onboarded 60,000 additional merchants worldwide in 2019, which represents an increase of about 140% from last year, when the company signed up 25,000 new customers. Klarna says the new merchants include major companies such as Abercrombie & Fitch, Expedia, H&M, River Island,
Sugar output in 2019-20 may fall by 18% to 2.73 mn tonnes: Govt in RS
Sugar marketing year runs from October to September
Fisher Funds takes gong for Fund Manager of the Year
Fisher Funds was crowned overall Good Returns Fund Manager of the Year at the inaugural Good Returns Research IP awards ceremony, held last night in Auckland.
Eurozone Preliminary CPI arrives at +1.0% YoY in Nov vs. +0.9% expected - EUR/USD unfazed
More to come ....
Fact: Both Presidential Front-Runners Have Previously Called for Cuts to Social Security
Cutting Social Security benefits isn't too popular with the public, but some level of outlay reductions may be necessary to strengthen the program.
Military engineers use waste plastics to construct road
The army engineers have used 1.24 metric tons of waste plastics to construct a road inside Narengi military station in Guwahati as a pilot project, the success of which will be emulated by Military Engineers Services (MES) in other cantonments and military stations.
EUR/JPY recedes from tops, meets resistance around 120.60
Further downside in the Japanese yen coupled with steady-to-bearish sentiment around the European currency leave EUR/JPY stuck within the daily range
Swiss firm Zurich airport to develop Jewar airport, outbids DIAL, Adani
Jewar Airport or the Noida International Greenfield Airport will come up in the 5,000-hectare area when fully constructed and is estimated to cost Rs 29,560 crores, Nodal Officer for the Project.
Tax benefits for traders as CBDT approves NSE's commodity derivatives
Exchange gets 'Recognised Association' status, due to which participants can set off losses in commodity derivatives against business gains
Satoshi Nakaboto: ‘Bakkt Bitcoin future trades hit daily record of $42.5M’
Our robot colleague Satoshi Nakaboto writes about Bitcoin BTC every fucking day.
No provision for financial aid to family of farmers who commit suicide
Agriculture credit targets have also been enhanced from Rs 9 trillion in 2016-17 to Rs 13.5 trillion in 2019-20
South African Airways dropped by leading travel insurers
JOHANNESBURG, Nov 29 — Three travel insurance companies in South Africa have stopped covering tickets issued by South African Airways against insolvency, further clouding the outlook for the struggling state-run airline. The decision by Santam’s Travel Insurance Consultants (TIC) to drop South...
Share Market highlights: Sensex ends 336 points down, Nifty near 12,050; Yes Bank, HUL top losers
Share Market News Today | Sensex, Nifty, Share Prices LIVE: The headline indices Sensex and Nifty receded from record high levels on Friday, tracking weak GDP data outlook.
Enphase: All Cats Love Fish But Fear To Wet Their Paws
Enphase Energy surprised us with victories it made this year. Revenue and operating income broke all records.The company offers us unprecedented growth, progressive technology of solar energy inversio
Cities consume 75% of all world sources, generating 50% of waste
While cities cover only 3% of the earth's surface, they consume 75% of its natural sources, Turkey's Environment and Urbanization Minister Murat Kurum said...
FinMin's claim of slowdown having bottomed out has analysts divided
Some analysts point to raw data available for the festive season and say any meaningful recovery is still to come
Microsoft touts Edge's new tab page connection to Office 365
By using group policy objects, IT admins can turn the browser into a front end for Office 365 with an enterprise-centric new tab page.
Big challenges for small business debated at APEC Forum next week
The big challenges for New Zealand small businesses, including mental health risks, cashflow and support for women-led businesses will be under the spotlight next week at the APEC SME Productivity and Performance Forum in Wellington.
Amazon workers stage strike on Black Friday
BERLIN (AP) - Workers at Amazon distribution centers in Germany have gone on strike for better pay on Black Friday, one of the busiest days of the year for the online retailer.
Zimbabwe facing 'man-made' starvation, UN expert warns
Zimbabwe is facing "man-made" starvation with 60 percent of the people failing to meet basic food needs, a UN special envoy said Thursday after ...
Greater balance in Christchurch industrial sector - Colliers
Christchurch’s industrial sector is recalibrating to a more balanced demand and supply profile, as construction activity dips slightly and local businesses expand and absorb existing space.
Economic Slowdown: 4.5% Growth “Clearly Unacceptable", "Worrisome", Says Ex-PM Manmohan Singh
Indian economy needs to grow at 8-9% per year to fulfil people’s aspirations. Root cause for slowdown is Modi government's distrust of businessmen, says Singh.
U.N. Summit to Hear Call for Rich Nations to Pay 'Climate' Reparations
Officials at the United Nations COP25 climate change conference in Madrid next week will consider new taxes on developed countries.
Crop insurance
IF many of the country’s small farmers, particularly in far-flung communities, remain uninsured, blame it on inadequate resource base and outreach of the Philippine Crop Insurance Corp. (PCIC).
Evolution Mining's Red Lake Mine Acquisition - A Bet On Exploration Success
Newmont Goldcorp will sell the Red Lake mine to Evolution Mining for $375 million, plus contingency payments of up to $100 million.Evolution will invest $100 million to improve the mine operations and
Britain's Ocado signs technology partnership with Japan's Aeon
British online grocer Ocado has signed a technology partnership with Japan's Aeon to help the retailer establish an online business, its first ...
Gold heads for biggest monthly drop in 3 years on US-China talks optimism
The precious metal is down 3.6% this month, the most since November 2016, when Trump won the US presidential election
Bitcoin Price Grinds Closer to $8K as $7,500 Support Remains Intact
Resistance closer to $8,000 remains but a bearish reversal back to the $6,000 range has yet to materialize, boosting trader sentiment.
Barratt hails £250m-plus injection to Scots economy
Housebuilder Barratt Developments’ Scottish operations have delivered a £256 million boost to the economy over the past year, marking a double-digit hike on 2018.
Vodacom dismisses CEO departure talk
Vodacom Group denied reports CEO Shameel Joosub (pictured) was heading for the door, but revealed ...
The Looming Calendar Anomaly In Junk Bonds
A seasonal supply/demand imbalance in high-yield bond markets has traditionally led to strong performance in December and January. This has led to a historically bankable strategy to capture alpha fro
NSE commodities segment gets CBDT recognition, traders to get tax benefit
The approval will benefit traders in relation to trading in commodity derivatives segment of the NSE as the derivative income will be treated as business income
Tim Berners-Lee: web inventor's plan to save the internet is admirable, but doomed to fail
Tim Berners-Lee is credited with inventing the world wide web and now he's calling on us to save it. The British engineer and computer scientist recently released a Contract for the Web – a list of ...
Japan, South Korea to hold high-level trade talks
Nov. 29 (UPI) -- In the shadow of the United States trade war with China, South Korea's trade ministry said Friday it will hold high-level trade negotiations with Japan to end its long-running standoff.
Do Activist Investors Create Value?
The exchange-traded fund industry is expanding its product range to all investment strategies and grabbing more and more market share from the mutual fund sector.Activist investing isn't a new phenome
Wall Street starts holiday-shortened day in red
Wall Street's main indexes started the day in the negative territory on Friday as investors returned from the Thanksgiving Day holiday break. As of wr
Here’s Where to Spend Crypto Online This Black Friday
As Black Friday 2019 gets underway, what are your options for getting the best bang for your Bitcoin?
Centre to come out with permanent solution to stubble burning: MoS Agriculture
"A meeting was chaired by the ICAR (Indian Council of Agricultural Research) secretary. A committee has been formed to formulate a new scheme" for a long-term permanent solution to stubble buring by farmers, he said. The MoS said that the new committee will come out with a new scheme within one or two months.
Hallmarking of gold jewellery mandatory across nation from January 2020
Jewellers to be given a year's time to clear stocks that aren't hallmarked and get themselves registered
RCom shares hit upper circuit for sixth time; gain over 42 per cent in nine sessions
On the BSE, the stock settled 3.85 per cent up at 81 paise. The stock has gained over 42 per cent in nine trading sessions.
Here’s everything we know about WeWork’s layoffs and next steps as the co-working giant looks to right itself
Here’s everything we know about what’s going on inside WeWork:
Black Friday 2019 Shoppers Stay Away From Stores, Spend Online, Analysts Say
Early discounts saw a dip in the numbers lining up at stores across the country, according to consultants.
Bharti Airtel to seek board nod on December 4 for raising funds
The board will also evaluate raising of funds through debentures, non-convertible debt instruments along with warrants, convertible debentures , securities or any other equity based instruments including through qualified institutions placement or rights issue, or through any other permissible mode
GDP growth slips to 4.5% in September quarter, slowest expansion in 26 quarters
The slump was mainly on account of a weak manufacturing and a drop in exports.
Health insurance: Hygeia HMO announces 20% discount
HMO, has will today began its first-ever Black Friday sales in health services even as it announced 20 per cent discounts on its health plans for shoppers
Mercedes-Benz owner to slash 10,000 jobs in latest car industry cuts
Daimler said on Friday it will cut at least 10,000 jobs worldwide over the next three years, following others in the industry as they cut costs to invest in electric vehicles while grappling with
Rocket Report: Cornwall locals protest spaceport, China’s toxic rocket problem
"Labour against the rocket in Branson's pocket."
Lawrence Kenwright tells of regret over Signature Living investor complaints
Hotel boss apologises for delays and poor communications
B.C. home sales continue to climb, hitting highest activity level in nearly two years
B.C. home sales remained on an upswing in October with MLS sales up 1.3% from September and 16% year-over-year.
Atari VCS enters final stages of pre-production following series of delays
"Atari will always prioritise delivering a high-quality product over a self-imposed deadline," says Atari VCS COO
Stock markets tread water as all quiet on trade war front
LONDON, Nov 29 — Stock traders found little to get the pulse racing today as the trade war front was eerily quiet and Thanksgiving sapped global trading volumes. “It’s been quite the forgettable week and I don’t think today is going to be any more memorable,” said Craig Erlam, Senior...
Turkey works on strategy to expand high-tech product exports
The government aims to increase Turkey's exports of high-technology products around the world as innovation and research and development, coupled with qualified human resources, are the new criteria for economic growth
BMW, Great Wall to establish new EV plant in China
Mubasher: BMW and its partner Great Wall Motors will establish a new joint venture (JV) in China that will produce electric vehicle models.
India Cuts Purchase of P-8 Spy Planes From US in Half
New Delhi (Sputnik): The Indian Navy had originally asked for 10 P-8I aircraft in a bid to deploy more spy planes to crucial points in the Indian Ocean region under “Mission Based Deployment”. However, the Defence Ministry has now decided to cut the request in half due to budget constraints.
Meteorologists express concern over 5G bandwidth allocation
The World Meteorological Organization (WMO) has warned the decisions of a major radiocommunication conference may be too lenient to avoid an adverse impact on Earth observation satellite systems.
3 Dividend Stocks Ideal for Retirees
Utility stocks don't often make the business-news headlines, but that doesn't mean they're can't be great fits for income-focused retirees' portfolios.
Costco's website crashed for several hours over Thanksgiving, and experts estimate it could have cost the retailer nearly $11 million in sales
Costco's website was down for at least 16 hours, according to data from the outage-tracking website, Down Detector.
Cryptocurrency exchange IDAX’s CEO reportedly missing with the company’s cold wallet
A relatively small cryptocurrency exchange has halted deposit and withdrawal services after its CEO has reportedly gone missing.
PM scrambles to spur growth; India braces for GDP shock
By Vrishti Beniwal The bad news is getting worse for India’s economy and Prime Minister Narendra Modi is exhausting all options to stem the fallout. Data on Friday will likely show the economy had
Huawei suing US FCC over National Security Risk Allegations - Gizmochina
Amidst the US-China trade disputes, Huawei is still facing issues with the US Government. The Chinese firm is now aiming to challenge a decision made by the US Federal Communication Commission (FCC) that has banned Huawei from using government funds to buy its telecommunications networking equipment. Earlier this year, Huawei was placed on the ‘Entity …
Core sector output shrinks 5.8 per cent in October
The only sector that posted growth in October was fertilizers where production increased by 11.8 per cent year-on-year.
New Media as future of the newsroom: Myth or reality?, by Edward Dickson
The new media is the translation of Marshall McLuhan’s prediction in his seminal 1964 book, Understanding Media: Extensions of Man,
U.S. to Negotiate Carbon Trades Under Climate Pact Shunned by Trump
(Bloomberg) — President Donald Trump may be withdrawing from the Paris climate agreement, but the U.
Natwest and RBS customers miss out on Black Friday deals after apps go down
It happened at the worst possible time for bargain hunters.
Global funds raise stock allocations at the expense of cash: Reuters poll
BENGALURU (Reuters) - Global funds recommended switching cash back into equities in November as stocks worldwide rose to near record highs despite a lack of clarity over how, when, or if a truce will be called on the damaging U.S.-China trade war, a Reuters poll showed.
ET View: Time to boost demand, forget the fiscal deficit target
The time has come for the government to shed its obsession about fiscal deficit targets and borrow more from the market, both to compensate the states for their shortfall in GST collections and to meet its own expenditure commitments. India still has deep reserves of economic resilience and it is necessary to avoid any self-defeating talk of recession.
My record on environmental issues
Letter: Conservative parliamentary candidate Jesse Norman responds to the Guardian’s climate score article
Costco extends its Thanksgiving day promotions after its website crashes for several hours, preventing furious customers from shopping the deals, Business Insider - Business Insider Singapore
Business Insider - "I just want to spend my money on your site... why is it so hard?" one Costco shopper wrote on Twitter on Thursday.. Read more at businessinsider.sg
Natwest, RBS Facing Black Friday IT Wobbles as Services Go Down
Royal Bank of Scotland (RBS) and Natwest are both facing IT issues this morning with thousands of customers unable to access accounts. With RBS down...
Forex kitty continues to move up, closes in $449 billion mark
In the previous week, the reserves had increased by USD 441 million to reach USD 448.249 billion
Bitcoin (BTC), Ethereum (ETH) and XRP Lead Surprising List of Top Cryptocurrencies From Weiss Ratings
Weiss Ratings has released an updated list of its leading cryptocurrencies. The financial ratings agency is now tracking 125 crypto assets, ranking each based on its level of technology and adoption, as well as the risk/reward potential for investors. Although the ratings go from A+ to E-, none of the coins on the list have […]
FASTag not mandatory until December 15
To facilitate sufficient lead time to obtain FASTag, the government has postponed mandatory implementation of electronic toll collection system to December 15
Skyworth group to invest $100 mn on white goods factory in Telangana
The company proposes to make latest generation Lithium-ion batteries for electric vehicles, air conditioners, refrigerators and washing machines in the second phase expansion, according to the Shenzen
Shafie leverages on Sabah’s geographic location to lure Japanese investors
KOTA KINABALU, Nov 29 — Sabah Chief Minister Datuk Seri Mohd Shafie Apdal began the first leg of his trade mission in Japan today addressing 200 investors and businessmen from 140 companies in Kobe, Japan by spelling out investment opportunities available in Sabah. He delivered the keynote...
Microsoft: HoloLens To Change The World - And Make Tons Of Money
MSFT is beginning to sell HoloLens 2, replacing the 2016 HoloLens with a much-improved product. The $3500 price tag (plus potential extra related services) means that this is a business and medical pr
Dell Cuts Full Year Forecast Due to Intel Supply Challenges
This site may earn affiliate commissions from the links on this page. Terms of use.
Hong Kong Airlines delays salary payments as protests take their toll
Hong Kong Airlines has delayed the payment of salaries for almost half of its staff members as widespread protests in the city have hit the carrier.
Update: Intel Reportedly Taps Samsung To Produce Supply Constrained Desktop CPUs
A new well-timed report coming out of South Korea is claiming that Samsung will produce desktop processors for Intel.
We are in a virtual free-fall: Congress attacks BJP on GDP growth slip
But why is the BJP celebrating? Because their understanding of GDP (Godse Divisive Politics) suggests double digit growth levels. All in the perspective," Randeep Surjewala said
Rise of the machines: Why Australia's miners are racing for automation
An aerial picture from Jimblebar, one of BHP's biggest mines in the Pilbara, sums up its push to cut costs and increase productivity as iron ore demand falls.
Debt ETFs/index funds to have minimum of 8 issuers: Sebi
If a credit rating falls below the investment grade, rebalancing by Debt ETFs/index funds will be done within five working days.
CEA Subramanian sees GDP picking up in Q3, says fundamentals remain strong
India's economic growth slowed to 4.5 per cent in the September quarter from 7.1 per cent in the corresponding period of last year
GDP growth slows down to 4.5% in Q2, hits more than 6-year low
India's Q2 GDP Growth 2019: DEA Secretary Atanu Chakraborty and CEA KV Subramnaian said that the fundamentals of India economy remain strong and the GDP growth rate is expected to bounce back in the third quarter of this fiscal
GDP growth plunges to 4.5%, lowest since 2012
Official says fundamentals are strong, numbers will pick up.
Next week’s key events in developed markets – ING
Analysts at ING offered a brief overview of the upcoming important market-moving economic releases/events, including a batch of sentiment indicators i
Economy hit by climate of fear, says Manmohan Singh
Former Prime Minister warns of disastrous effects of a sharp slowdown in growth .
Sensex tumbles 336 points ahead of GDP data
Yes Bank was the top loser in the Sensex pack, shedding 2.50 per cent, followed by HUL that fell 2.37 per cent, M&M 2.12 per cent, SBI 2.03 per cent, Tata Motors 2.03 per cent and Vedanta 1.97 per cent.
Chinese investments in Malaysia halve, US inflow soars
KUALA LUMPUR (Nov 29): Chinese investments into Malaysia halved to US$1.7 billion in the first nine months of the year from a year ago, though US investments soared seven times to US$5.9 billion — reflecting a diversion of funds due to the Beijing-Washington trade clashes.Data provided by the Malaysian Investment Development Authority (MIDA) to Reuters on Friday showed that China, traditionally the Southeast Asian country's biggest investor, has now slipped to third position behind the United States and Japan.Foreign
GDP Growth Rate: Deeply Worrying, Says Manmohan Singh; Will Pick up From Next Quarter, Claims Ministry
Many industrialists tell me that they live in an atmosphere of fear in our society today, former PM Manmohan Singh said denouncing Centre's economic policies
$993 Million multipurpose Pwalugu dam to be completed by 2024
The Pwalugu multipurpose dam to be constructed in Pwalugu in the Talensi District of the Upper East region will cost an amount $993 million. The project which is expected to be completed by 2024 will be entirely funded by the Government of Ghana. Addressing a durbar of chiefs and people of the Upper East and North East region of Ghana in Pwalugu and to cut sod for the project to begin, President Nana Addo Dankwa Akufo-Addo said government is committed to starting and finishing the project as scheduled. “As we further indicated to our commitment to the realisation of this project, the total cost of the project amounting to some $993 million nearly a billion dollars to be borne entirely by government”, he said. According to the President, the Chinese firm Sinohydro, a subsidiary of PowerChina will build the project under the engineering procurement construction contract which will be executed in fifty months.
F&O: Nifty outlook bullish till it holds above 11,980-12,000 zone
Maximum Put open interest was at 12,000 followed by 11500 strike.
IDAX Crypto Exchange CEO Disappears Amidst Exit Scam Rumors
IDAX, an Asian crypto exchange whose users have been unable to make withdrawals since November 24, has announced that it’s CEO, who allegedly absconded with the exchange’s cold wallet is still nowhere to be found and as such, it is suspending all deposits and withdrawals indefinitely, according to a blog post on November 29, 2019.
OUTA: Endless SOE Bailouts Now Exceed Departments Budgets
The Organisation Undoing Tax Abuse (Outa) on Friday told Parliament that current interventions at state-owned entities (SOEs), like Eskom and South African Airways (SAA), were not working. Outa was making its submission during the public hearings on the 2019 Adjustments Appropriation Bill and the 2019 Medium-Term Budget Policy Statement. The objective of the Bill was to effect adjustments to the appropriation […]
How Adani Enterprises, GMR Group lost the bid for Jewar airport to Zurich Airport
Zurich Airport, which is currently involved in eight airports in South America, is keen to expand in South and South-east Asian countries like India, Indonesia and the Philippines
Daimler to cut 'thousands' of jobs by 2022 to fund electric vehicle shift
"Daimler aims to cut thousands of jobs worldwide by the end of 2022," the Mercedes-Benz maker said in a statement, adding that it intended to save 1.4 billion euros ($1.5 billion) in staff costs
Euro area flash inflation: Higher core, temporarily – Nordea
Analysts at Nordea Markets see a stronger than expected rise in the Eurozone inflation in November as a temporary surge until year-end and continue to
Reach share price jumps as Mirror owner pulls out of JPI talks
Shares in the publisher jumped higher in early trading after it also reported a 4.4% decline in revenue for the five months to November 24.
After five-month road test, B30 implementation gets green light
The vehicles in the test showed “relatively similar” performance in power, emissions and fuel consumption compared to when run using B20 biodiesel.
RBI may go for another rate cut as GDP slows to more than 6-year low
Analysts expect the MPC slashing interest rates by 25 basis points (bps), along with a marginal cut in gross domestic product (GDP) growth forecast for FY20
Fiscal deficit hits 102% of budget estimate till October
India Business News: The country's fiscal deficit hit 102.4% of 2019-20 Budget Estimate (BE) at Rs 7.2 lakh crore at the end of October. The fiscal deficit or the gap betw
SBI FXTRADE Expands Offering, Adds 8 New JPY Currency Pairs
SBI FXTRADE Co., Ltd. announced this Friday that it is expanding its FX product offering to include eight new currency pairs based on the Japanese yen.
Bulgaria Is among the Countries Which Export the most Grain
Bulgaria is one of the leading exporters of grain. Over the past year, it exported grain worth more than $ 1 billion, or a quarter of the country's total exports.
India's GDP Growth Drops To 4.5%, Lowest In 26 Quarters
The data comes two days after Nirmala Sitharam on Wednesday quelled fears about the Indian economy going into recession.
Costco’s website crashed for several hours over Thanksgiving, and experts estimate it could have cost the retailer nearly $11 million in sales
Costco’s website crashed for several hours over Thanksgiving, and experts estimate that it could have cost the retailer as much as $11 million in sales.
When is the Canadian GDP report and how could it affect USD/CAD?
Friday's economic docket highlights the release of monthly Canadian GDP growth figures for October, scheduled to be published at 13:30 GMT. Statistics
Fiscal deficit for April-Oct at 102.4%, crosses full year target
The revenue gap for the April-October period stood at Rs 5.46 lk cr showing the weakness in tax collection.
China: 5 Crypto Exchanges Halt or Shut Services Amid Perceived Crackdown
At least five Chinese crypto exchanges have halted or chosen to terminate operations this month in response to a perceived hardening of Beijing’s anti-crypto stance.
Black Friday: Holiday Shopping Gets a Trump Economy Boost | Breitbart
Despite a holiday season shortened by a late Thanksgiving, retail spending is expected to rise by around 4 percent this year.| Economy
Posta looks to digital boxes to overturn bad fortunes; hopes to increase revenue by Sh1.5bn
NAIROBI, Kenya, Nov 29- The Postal Corporation of Kenya is now targeting to increase its revenues by Sh1.5 billion through digital boxes after it witnessed a fall in letters during the last financial year. According to
Uber Pitch 2019 paves way for a National Winner
KARACHI, Pakistan: Uber Pitch 2019, a nationwide competition to enable budding entrepreneurs, has come to a close for the year with the announcement of MimAR as the national winner. The winning startup MimAR was chosen from a large pool of contestants across Pakistan. Five startups came out on top for the in-car finale to pitch their ideas to industry leaders Saad Naveed Pall, GM Uber, Yusuf Hussain, CEO Ignite and Misbah Naqvi, Managing Partner i2i Ventures. The panel of judges met each startup in-car and rated them on their journey. Speaking at the competition’s conclusion, Saad Naveed Pall said, “It has been truly inspiring to see the brilliant startups that came forward in Uber Pitch 2019, just as they do every year. Uber is committed to building a startup culture that not only supports but also empowers digital startups to get on the road to opportunity and move their ideas forward.” The application process began for digital startups from all over Pakistan in August 2019. The launch event was attended by…
3 Reasons Why Shorting McDonald’s (MCD) Stock Now Is a Bad Idea
Missing third quarter estimates and the firing of the CEO is why investors are short McDonald’s. There are reasons why you shouldn't.
Berlin airport to open in 2020 after nine-year delay
Berlin's new international airport is set to open on October 31, 2020, its operating company said Friday, after an embarrassing nine-year delay owing to structural problems and corruption. "The BER will open on 31.10.2020," Flughafen Berlin Brandenburg (FBB) said on Twitter, using the
Trading Forex in the Philippines
Time for Forex trading in the Philippines? Keep a wary eye on the local market and find a trading platform to make you a key player.
Authorities take down 'Imminent Monitor' RAT malware operation
Europol reports 14 arrests across eight countries, including the RAT's creator, in Australia.
The Death of FX Volatility
Volatility in the Euro-Dollar exchange rate reached an all-time low this week, and dying volatility is being recorded in most other major currency pairs as we enter the final month of the year
Costco extends its Thanksgiving day promotions after its website crashes for more than 24-hours, preventing furious customers from shopping the deals
Costco is extending its Thanksgiving day online promotions to customers in the US after its website crashed for more than 24 hours and shoppers were unable to shop the sales.
Jony Ive has disappeared from Apple's leadership page 5 months after announcing he was leaving, Business Insider - Business Insider Singapore
Business Insider - The London-born Ive played a major role in the design of several iconic Apple products, including the iPhone, the iPod, and the iPad.. Read more at businessinsider.sg
Canada Q3 GDP growth slower, but details better – RBC
Nathan Janzen – Senior Economist at Royal Bank of Canada (RBC) – offered his take on Friday's release of the Canadian GDP report, which showed a shar
Swiss firm Zurich Airport beats Adani, DIAL bids to build Jewar airport
Jewar Airport or the Noida International Greenfield Airport will come up in 5,000 hectare area when fully constructed
The Yen Isn't What It Used To Be
$USDJPY:$SPX ratio sinks to new lows, showing further de-correlation between the two assets.President Trump signing the Hong Kong bill in favor of protesters may be just what JPY bulls need.$USDJPY 1:
Canadian Valeura reports positively on Devepınar-1 well in Thrace
The first gas production test from the Devepınar-1 well in the Thrace region has successfully flowed gas from the depths of between 4,640 and 4,775 meters...
Time dotCom 3Q net profit rises as revenue improves
KUALA LUMPUR (Nov 29): TIME dotCom Bhd’s third quarter net profit grew 3.77% to RM82.99 million or 14.19 sen per share, from RM79.98 million or 13.71 sen per share a year earlier, on the back of higher revenue.The telecommunication company also attributed the higher earnings in the quarter ended Sept 30, 2019 to a rise in interest income to RM2.5 million from RM1.8 million previously, a net write back of construction deposit of RM700,000 and an increase in share
Huawei to challenge FCC decision on government subsidy program - WSJ
Huawei Technologies has decided to challenge a U.S. Federal Communications Commission (FCC) decision barring U.S. rural carrier customers from ...
Sensex falls 336 points to close at 40,794 ahead of GDP data; Nifty below 12,050
India Business News: Equity indices on Friday ended in red with the benchmark BSE sensex plunging over 300 points ahead of quarterly GDP growth data release. The 30-share
NZ First ‘Agrees to Disagree’ Over Tobacco Excise Increase
New Zealand First ‘Agrees to Disagree’ Over Tobacco Excise Increase
Advice For Staying Safe Online
The Services Family have compiled seven tips to help protect you online
Saturn Cloud Inc. Launches Breakthrough Parallel Computing Technology to Accelerate Big Data Analytics
Saturn Cloud's Python-native parallel computing product is released one month after closing $4 million seed round
USD/JPY climbs to fresh six month highs above 109.60
The USD/JPY pair is inching higher ahead of the American session on Friday supported by the broad-based USD strength. As of writing, the pair was trad
Amazon workers strike on ‘Black Friday’
Hundreds of Amazon workers in Germany walked off the job as the US online retailer kicked off its "Black Friday" sales bonanza, escalating a long-simmering battle for better pay and working conditi...
FM's remarks on economy disappointing in extreme: Yashwant Sinha
Yashwant Sinha said the root cause of the current economic crisis is "death of demand" in the country. He alleged that the government ignored the agriculture distress in the country. Sinha also raised questions over the data for calculating GDP numbers. He added that companies after companies are facing bankruptcy and the govt has stated that it would have to close Air India.
Q&A: How PSD2 will impact fraud on Black Friday
With online spending continuing to rise online for Black Friday, web retailers need to consider how best to ensure PSD2 compliance in order to keep consumers secure without compromising their user experience.
An efficient cold chain can make farm sector remunerative: expert
‘A weather data book is being prepared for 170 cities’
Government should nationalize Kenya Airways quickly -CEO
NAIROBI — The government must move quickly to nationalize Kenya Airways as regional competitors seeking to carve out market share pour cash into their national carriers, the airline’s chief executive said.
Four Irish women honoured as leaders in global recruitment
The Irish nominees are Geraldine King, Anne Heraty, Shona McManus and Rosaleen Blair
Sebi brings norms for debt ETFs, issuer to have less than 15% index weight
Under the norms to be adopted by all mutual fund houses, the index will have a minimum of eight issuers, rating of the constituents of the index will be investment grade
UK online supermarket Ocado strikes AI deal in Japan
UK online supermarket Ocado is venturing further outside its main market, announcing Friday a deal to provide artificial intelligence (AI) capabilities to Japanese retail giant Aeon.
Plans to increase market for agri produce from Telangana
State to explore new methods for marketing its farm produce
Zurich airport outbids Adani, DIAL to build Delhi-NCR’s second airport in Jewar town
Zurich International had developed the Kempegowda International airport in Bengaluru in partnership with other companies.
Black Friday sees fewer shoppers in stores as spending moves online
Shoppers also worried that tariffs imposed by President Donald Trump on Chinese imports would make their holiday shopping more expensive
We ll provide funding for UNIDO’s industrialisation programme – FG
Ifeanyi Onuba, Abuja The Minister of State for Budget and National Planning, Clem Agba, has said the Federal Government would support the new five year Country Partnership Programme of the Unite...
C&I Leasing gets approval to list N539 million worth rights issue
C&I Leasing Plc has obtained approval of the Securities Exchange Commission (“SEC) to open subscription of a rights issue of N539 million.
Liverpool want to host GAA matches as club unveils plan to increase Anfield capacity
Liverpool have unveiled plans to expand their Anfield Road stand by adding 7,000 seats in a new scheme which will take the ground's capacity up to 61,000 - and the club has plans to hos
Block.One Joins EOS Elections as One Entity Allegedly Controls 6 Block Producers
Block.One’s announced participation in EOS’s block producer elections has reignited concerns regarding the network’s centralization.
Amazon workers in Germany stage strike on Black Friday
Workers at Amazon distribution centres in Germany have gone on strike for better pay on Black Friday, one of the busiest days of the year for the online retailer.
Green is the new black! Kilkenny launches shop local Green Friday Campaign
Say goodbye to Black Friday and hello to Green Friday by buying Irish brands and products on November 29, urges a leading Irish retailer. Green Friday is an initiative led by Marian O’Gorman of ...
Hengyuan’s 3Q net loss narrows on turnaround plan
KUALA LUMPUR (Nov 29): Hengyuan Refining Company Bhd’s net loss narrowed in the third quarter ended Sept 30, 2019 to RM11.43 million from RM122.49 million a year earlier, due to higher revenue.Loss per share fell to to 3.81 sen from 40.83 sen, the group said in a filing today.Hengyuan said revenue for the quarter jumped 56% to RM3.23 billion from RM2.07 billion a year ago, as the refinery recorded sales volume of 10.7 million barrels.For the nine-month period, the
Uganda asks more Asians to grab available investment opportunities
Uganda’s Vice President Edward Kiwanuka Sekandi has called upon Arab Countries mostly people from the United Arab Emirates (UAE) to rush and grab the plenty of investment opportunities that the country beholds. This was during the 5th Edition of the UAE – Uganda Trade and Investment Forum that was held at Sheraton Hotel and organized by the Sharjah Chamber of Commerce. It attracted over 22 companies from UAE who came to look for trade and investment opportunities in Uganda. Alex Onzima, a Minister of State in the Vice President’s office highlighted the need for trade performance between the two sister countries while representing the Vice President Sekandi. “We believe that what Ugandans and Africans need to develop is Trade, foreign Investments and access to markets but not Aid.
More pain for German car industry as Daimler axes 10,000 jobs
The Mercedes-Benz maker said it wanted to save 1.4 billion euros (USD 1.5 billion) in staff costs by the end of 2022 as it joins rivals in investing huge sums in the greener, smarter cars of the future. "The total number worldwide will be in the five-digits," Daimler personnel chief Wilfried Porth said in a conference call about the job cull.
Samsung Note 10 sales surpass predecessor
The Galaxy Note 10 proves popular in SA, and Samsung continues to empower youth through its multimillion-rand bursary.
AWACS, Maritime Surveillance Aircraft And More: DAC Clears Defence Procurement Worth Rs 28,000 Crore
The green light has been given for acquisitions for the Indian Army, Navy, Air Force as well as the Coast Guard.
Indian retailer Future's shares surge as regulator approves Amazon investment
Shares in Future Retail Ltd surged 13per cent on Friday, after India's antitrust body approved a deal that would give Amazon.com Inc a minority ...
Intel turns to Samsung for help keeping up with AMD, rumor claims
Intel is struggling with making enough CPUs, and will continue to struggle – so has enlisted help from Samsung.
Redmi wants to be universal and prepares new Router and Smart Speaker - Gizchina.com
Rate this post The expansion of the Redmi brand is being as powerful as what Xiaomi once offered. For this reason, it has prepared new ...
Present Equity Valuations Suggest Negative Returns For Next Decade
In terms of Buffett's self-proclaimed favourite value indicator, as shown below, the S&P 500 is now priced at 144% of US GDP, far above the 2007 top, and near the short-lived highest-ever valuations i
HDFC MF front-running case: Sebi slaps Rs 8.7 mn fine on 7 firms
In its latest order passed on Thursday, Sebi noted that the entities have disgorged the ill-gotten profits made by them along with interest in compliance with disgorgement orders
UK hails 63 per cent hike in Indian student visas
The ONS data overall indicates that over the last decade, around 270,000 Indian students have chosen the UK as a higher education destination. In contrast, an estimated 229,000 more non-EU citizens moved to the UK than left in the year ending June 2019.
Labour raises alarm over nation’s rising debt profile
Organised Labour has raised the alarm over the nation’s rising debt profile, saying there is the urgent need for the country to give in to well...
Govt extends deadline for mandatory FASTags by two weeks to December 15
The government extended the deadline for making FASTag mandatory for toll payments on national highways to December 15 .
Euro zone inflation rises quicker than expected in November
BRUSSELS/FRANKFURT (Reuters) - Euro zone inflation accelerated faster than expected in November on a rise in food and services prices, likely comforting European Central Bank policymakers even if some factors pushing up prices may be only temporary.
SKP Resources 2Q net profit falls 11.4%
KUALA LUMPUR (Nov 29): SKP Resources Bhd saw its net profit fall 11.4% year-on-year to RM24.91 million or 1.99 sen per share in its second quarter ended Sept 30, 2019, from RM28.1 million or 2.25 sen per share previously.This was despite a 2% rise in revenue to RM486.86 million from RM477.23 million, the electronics manufacturing services provider’s stock exchange filing today showed.This brings SKP Resources’ first-half net profit to RM43.4 million, down 19.5% from RM53.94 million in the preceding
GDP data: All three engines driving economic growth are stalling
While the concerted decline in economic drivers calls for multi-pronged efforts to arrest it, stimulus measures so far have focussed mainly on an investment revival
New rules on gift voucher expiry dates come into effect from Monday
Businesses will be banned from putting an expiry date of less than five years on gift vouchers fr...
Telecom Italia aids 5G surgery in Italy
Telecom Italia enabled remote surgery over a 5G connection in Italy, allowing the medical procedure ...
Costco extends its Thanksgiving Day promotions after its website crashed for several hours, preventing furious customers from shopping the deals
"I just want to spend my money on your site... why is it so hard?" one person wrote to Costco on Twitter on Thursday.
Mozilla: Smart Home Devices Still Bad for Privacy and Security | Breitbart
The editor of the Mozilla Foundation’s Internet Health Report recently published a blog post on the website of the UK consumer association Which? that questions how privacy-focused the smart devices being pushed by the Masters of the Universe are.
Buhari: Construction of Ajaokuta-Kaduna-Kano gas pipeline to start soon
President Muhammadu Buhari says the federal government would soon commence the construction of the Ajaokuta-Kaduna-Kano (AAK) gas pipeline.
Climate Adaptation Now
As world leaders gather in Madrid for the United Nations Climate Change Conference (COP25), they must address more than future targets for reducing greenhouse-gas emissions. They must also address the harm to people and livelihoods that climate change is already causing. Strengthening our ability to adapt to climate change has never been more urgent. Many regions are experiencing major difficulties as a result of higher global temperatures and changing weather patterns. We must do more to help citizens and governments tackle issues such as rising sea levels, wildfires, hurricanes and other natural disasters, and increased coastal erosion. Even if we meet the Paris agreement’s goal of limiting the average global temperature increase to well below 2°C, at least 570 cities and some 800 million people will be at risk from rising sea levels and more frequent and destructive storms.
Why India needs deep-tech start-ups
Deep technologies hold the key to social development as well as data security. But India’s progress in this area has been slow
OGRA recommends slight reduction in petrol price
Suggests cut of Rs2.4 per litre in price of diesel
Fears for Oldbury site as Npower restructuring could cost thousands of jobs
Energy giant Npower has announced plans to restructure its UK business, leading to the loss of up to 4,500 jobs and the closure of a number of call centres.
India’s EV charging infrastructure starts to take shape
In the last few months, several private and state-owned enterprises have laid the groundwork for setting up charging stations.