Business


Comicstaan breaks viewing records as Amazon India hails Prime Day success Comicstaan breaks viewing records as Amazon India hails Prime Day success
- July 22, 2018

Haq Se Single, Chacha Vidhayak Hain Humare, and hit Bollywood movies Padmaavat and Sonu ke Titu Ki Sweety, have been particular hits on-demand, said Amazon. According to CEO of Worldwide Consumer Jeff Wilke, Prime Day was an opportunity to reward its members with the best deals and exclusive access to Amazon's new products. (more...)
Transgender woman says Arizona pharmacist REFUSED to fill her hormone treatment
- July 22, 2018

The state law does not mention hormone therapy prescriptions. But added: "I don't want to think about what might happen if this pharmacist mistreats a transgender person who does not have a good social support system". In April, the Trump administration said it planned to roll back a rule issued under former president Barack Obama that prevents doctors and hospitals from discriminating against transgender people. (more...)
Fiat Chrysler names new CEO to replace ailing Marchionne Fiat Chrysler names new CEO to replace ailing Marchionne
- July 22, 2018

Fiat is considered a close-knit family, and FCA chairman John Elkann said he was "profoundly saddened to learn of Sergio's state of health. My first thoughts go to Sergio and his family", says Elkann. His credentials include running the profitable Jeep and Ram brands and he also built the company's presence in Asia. His worldwide background meant that he was perfectly-qualified to work for the tobacco firm, which he joined in 1978 as a business development analyst and four years later ... (more...)
Gold hits 1-year low as dollar firms up Gold hits 1-year low as dollar firms up
- July 21, 2018

The Topix oil and coal products subindex jumped 2.12 percent, recovering after tanking earlier this week on the drop in oil prices. Silver prices, however, edged lower. Palladium was down 0.1 percent at $905.47 per ounce. Elsewhere in Canada, the Canadian Dollar rose against its U.S. counterpart to gain 0.42 percent to trade higher at 1.31899 USDCAD at the close, boosted by a stronger U.S. (more...)
Feminine hygiene now tax-free in India; sanitary napkins out of GST net Feminine hygiene now tax-free in India; sanitary napkins out of GST net
- July 21, 2018

Apart from sanitary napkins and rachis, there will be no GST on stone, marble, wooden deities, sal leaves, etc. These items include refrigerators, washing machines, vacuum cleaners, paints, storage water heaters, food grinders, mixers and television sets up to 27 inches. (more...)
Burberry causes outrage for DESTROYING £28 million worth of clothes each year Burberry causes outrage for DESTROYING £28 million worth of clothes each year
- July 21, 2018

But the value of the brand's waste is six times higher now than in 2013, with more than £90 million of Burberry products destroyed over the past five years, according to the newspaper. The spokesperson said some of the merchandise had to be destroyed due to a deal with USA firm Coty, necessitating the destruction of existing Burberry perfume products. (more...)
McDonald's giving free fries for remainder of 2018 McDonald's giving free fries for remainder of 2018
- July 21, 2018

Customers will be able to get an order of medium fries for free each Friday until December 30th. The company says everyone who downloads the McDonald's app on their phone and registers is eligible for the deals . And it's not just french fries: McDonald's is also offering the same perk mid-week on soft drinks. Customers can only redeem the deal one time each Friday. (more...)
Chinese yuan wilts again, cushioning the blow of Trump tariffs Chinese yuan wilts again, cushioning the blow of Trump tariffs
- July 21, 2018

In particular, manufacturers are finding that their "Keep America Great" hats and "Trump 2020" flags are being held up at US customs, thus delaying their delivery to customers. Rather, he may be prepared to wait as long as he feels it necessary to force other countries to adopt trade rules more favorable to the United States. (more...)
The orders keep flowing at the Farnborough Air Show The orders keep flowing at the Farnborough Air Show
- July 21, 2018

Airbus blamed the reticence of many of this week's customers on trade tensions which had made some companies nervous about appearing to side with the United States or other economic powers in a growing global trade battle. But at air shows, airlines and financial backers often enjoy promotion for their business plans after buying a new fleet, and firms such as Airbus and Boeing invest in lavish facilities providing for press briefings. (more...)
Congress failed its promise to provide electricity: PM Modi Congress failed its promise to provide electricity: PM Modi
- July 21, 2018

Ramchandra Bisht, from Tihri in Uttarakhand, said that employment opportunities have increased in their village after electrification. In April, Modi announced that the Rs 76,000 crore Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY) project was completed with the electrification of around 18,000 villages. (more...)
Unemployment rate lowest in over five years Unemployment rate lowest in over five years
- July 21, 2018

Global students are legally limited to 20 hours of employment per week, restricting their impact on the overall labour market. No such inquiry has ever eventuated. Full time employment climbed by 41,200 during the month, whilst part-time staff jumped 9,700. But the under-utilisation rate, a combination of unemployment and workers who would like more hours but are not getting them, remains near its peak of 13.8 per cent. (more...)
Pompeo, Haley call out China, Russia for helping North Korea violate sanctions
- July 21, 2018

Haley added that the US has "photographs of proof" of those transfers and that they continue to happen. The United States last week sent a report to the sanctions committee that said North Korea had secured at least 759,793 barrels of oil products through ship-to-ship transfers at sea. (more...)
Trump threatens to slap tariffs on all $505bn of Chinese imports Trump threatens to slap tariffs on all $505bn of Chinese imports
- July 20, 2018

On Thursday, Trump told CNBC he was "not thrilled" about the Federal Reserve's interest-rate hikes, breaking with the long-standing precedent of American presidents not commenting on Fed policy out of respect for the central bank's independence from political influence. (more...)
Germany forces 1,050 Tesla owners to forgo electric auto bonus Germany forces 1,050 Tesla owners to forgo electric auto bonus
- July 20, 2018

Tesla in response to prosecution claims that the cars basic value of 60 thousand euros was offered not only to buy, but shipped to customers. Owners of the Tesla Model S in Germany will have to return to the Federal budget by €4 thousand, because they are too expensive. (more...)
European Union minister 'nervous' time running out for Brexit deal European Union minister 'nervous' time running out for Brexit deal
- July 20, 2018

With Brexit negotiations at an impasse largely because the British government is struggling to command a majority in parliament, there is growing concern that the country could end up crashing out of the European Union without a deal. After her 90-minute grilling at the liaison committee May faced a meeting of her backbenchers, winning support from a lot of them. Here's some of the bookies' favourites to replace her as leader of the Conservative Party. (more...)
Trump Says He's 'Not Thrilled' About US Interest Rate Hikes
- July 20, 2018

In an interview with CNBC , soybean farmer Bill Beam says that the price of soy futures has plummeted by 15 percent ever since China announced retaliatory tariffs against USA soy farmers earlier this year - and it's really cutting into his ability to make a living. (more...)
Microsoft profit climbs as cloud grows Microsoft profit climbs as cloud grows
- July 20, 2018

We're investing aggressively in content, community, and cloud services across every end-point to expand usage and deepen engagement with gamers. On a conference call with investors, Nadella attributed the strong results in part to a recent reorganization of the company's engineering teams to prioritize cloud computing and artificial intelligence over its legacy software products and Windows operating system. (more...)
I’m ready to put tariffs on every import from China, Trump warns
- July 20, 2018

It would hurt both countries, but China's "state-run government can do more to artificially prop up its economy" and a cratering US economy would nearly surely hurt Trump's presidency. Tariffs on another $16 billion of electronics and components are scheduled and the Trump administration has threatened to target another $200 billion of Chinese products with tariffs , a move that would raise prices for Americans and hurt China's economy. (more...)
Trump threatens tariffs on $500 billion of Chinese imports
- July 20, 2018

Mr. Trump responded that he is "ready to go to 500", referring to the approximate total value of Chinese goods exported to the US a year ago. China imports only $129.9 billion of United States goods, which leaves it little room for a tit-for-tat response. (more...)
Trump 'not happy' with Federal Reserve interest rates
- July 20, 2018

Eventually Burns relented, aiding Nixon but also helping to feed runaway inflation that dogged the USA economy for almost a decade. Rubin argued for that policy to be maintained in a New York Times op-ed piece previous year when the White House was mulling the choice of Yellen's successor. (more...)
Korean oil importers improvise vs U.S. re-imposition of sanctions on Iran Korean oil importers improvise vs U.S. re-imposition of sanctions on Iran
- July 20, 2018

Oil prices plunged after OPEC member Libya reopened its ports in the east and US Secretary of State Mike Pompeo said Washington would consider granting waivers to some of Iran's crude buyers. On Wednesday, the U.S. Energy Information Administration (EIA) reported that crude oil inventories increased 5.8 million barrels in the week-ending July 13, compared with analysts' expectations for a decrease of 3.6 million barrels. (more...)
Trump Slams Interest Rate Hikes, Ignoring Hands-Off Tradition Toward Fed
- July 20, 2018

Still, President Trump voiced concern that the higher rates and a stronger dollar may put the USA at a disadvantage while Fed counterparts in the Bank of Japan and the European Central Bank keep rates low, maintaining loose monetary policy. (more...)
Carney - no deal Brexit would prompt interest rate review Carney - no deal Brexit would prompt interest rate review
- July 19, 2018

From an oversight perspective, Bank of England official Sam Woods said last week that the central bank would have a hard time doing its job if the United Kingdom has no say in the rules enforced by the European Union for financial institutions. (more...)
Trump Blasts Powell’s Rate Hikes, Trespassing on Fed’s Independence
- July 19, 2018

He added, "No one in the administration has said anything to me that really gives me concern on this front". Even though he's frustrated, Trump said he's "letting them do what they feel is best". During the 2016 campaign, Trump was highly critical of the Fed and accused officials of keeping rates at ultra-low levels to favor Democrats. Still, President Trump voiced concern that the higher rates and a stronger dollar may put the U.S. (more...)
UK Employment At Record, Pay Growth Slows UK Employment At Record, Pay Growth Slows
- July 19, 2018

There were 32.4 million people in work during the period, according to the ONS. United Kingdom employment rose to a record high in the three months to end-May after the economy created jobs at a stronger than expected pace. Average earnings increased by 2.5% in the year to May, compared with 2.4% the previous month. Commenting on the data, Tara Sinclair, economist and senior fellow at the global job site Indeed, said Britain's job creation boom was running on empty but refuses to stall: ... (more...)
Kudlow Agrees With Trump's Trade Pressure on China Kudlow Agrees With Trump's Trade Pressure on China
- July 19, 2018

In fact, while some think that the booming post-recession economy is on its last legs, Kudlow sees the good times rolling for several more years - and perhaps getting even better. China could end USA tariffs "this afternoon by providing a more satisfactory approach" and taking steps that other countries are also calling for, he said. (more...)
Static inflation puts August rate rise in doubt Static inflation puts August rate rise in doubt
- July 19, 2018

Inflation remained at a one-year low in June and did not rise in line with expectations, raising questions over whether the Bank of England will lift interest rates next month. While it said it was normal for prices to drop at this time of year due to the start of the summer sales season, the ONS said the fall was the largest since 2012 and "the effect came mainly from men's clothing". (more...)
Morrisons hosts autism friendly shopping hour Morrisons hosts autism friendly shopping hour
- July 19, 2018

Daniel Cadey, from the National Autistic Society said: 'Around 700,000 people are on the autism spectrum in the UK. Supermarket Morrisons has announced that it will be rolling out a nationwide weekly "Quieter Hour" to 493 of its stores. Morrisons supermarket in Hunslet is to introduce a quieter hour for customers who would benefit from a calmer shopping trip. This means they see, hear and feel the world differently to other people, often in a more intense way, which can make shopping a real ... (more...)
Cau in Tunbridge Wells faces closure as Gaucho goes into administration Cau in Tunbridge Wells faces closure as Gaucho goes into administration
- July 19, 2018

Part of the group is the Cau chain which has a store in Tunbridge Wells. It adds to the jobs lost at Toys R Us and electronics specialist Maplin, which both collapsed earlier this year. On average, two restaurants a week closed over the year, including casual dining chains, upmarket restaurants and independent establishments, according to data from analysts CGA and corporate advisory firm AlixPartners. (more...)
Mastercard wins patent to speed up cryptocurrency transactions Mastercard wins patent to speed up cryptocurrency transactions
- July 19, 2018

In the patented document of the US Patent and Trademark Office, Mastercard stated that the pattern for using cryptocurrency was increasing by consumers. The transactions themselves would use the fiat currency's payment rails and security features, but each transaction would represent a cryptocurrency. (more...)

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