Business


Google has been secretly tracking your offline purchases with help from Mastercard Google has been secretly tracking your offline purchases with help from Mastercard
- September 01, 2018

The report stated that chief of Google's advertising division, Sridhar Ramaswamy, first introduced the product in a blog post but made no mention of its deal with Mastercard in it. The encryption technology Google is referencing enables the tracking of data and connecting it to a user's profile, but then sharing that data anonymously with advertisers and Google. (more...)
At 8.2 per cent, GDP clocks highest growth rate in 3 years At 8.2 per cent, GDP clocks highest growth rate in 3 years
- September 01, 2018

India's annual economic growth surged to a more than two-year high of 8.2 percent in the three months through June, giving Prime Minister Narendra Modi's government a political boost in the final year of his term before elections. The Indian economy managed a strong show in the April-June quarter of the current fiscal on the back of strong core performance and a healthy base. Commenting on the GDP growth data, PHD Chamber of Commerce President Anil Khaitan said the effect of dynamic reforms ... (more...)
US, Canada making progress in NAFTA talks US, Canada making progress in NAFTA talks
- September 01, 2018

He thanked US President Donald Trump for his "understanding" and "respect" on the issue. "We're going to call it the United States-Mexico Trade Agreement, and we'll get rid of the name NAFTA". And he vowed that Canada won't buckle on the issue at the NAFTA talks. The outlines of a NAFTA 2.0 are now on paper, including new provisions on auto trade with higher percentage of locally-produced components, tougher worker protections and a provision to review the deal every six years. (more...)
Trump threatens to pull out of WTO 'if they don't shape up' Trump threatens to pull out of WTO 'if they don't shape up'
- September 01, 2018

President Donald Trump on Thursday (30 August) rejected as "not good enough" a European Union proposal scrapping tariffs on automobiles, a move which threatens to amplify a simmering trans-Atlantic trade dispute. "And I think what he said yesterday is consistent with what they have expressed before". "Everyone that would like to see improvements in the WTO is very welcome to present their ideas and their suggestions to improve the organisation, sit down with the other members and get the job ... (more...)
Trump responds to leak of off-the-record comments in Bloomberg News interview Trump responds to leak of off-the-record comments in Bloomberg News interview
- September 01, 2018

Similarly, Canadian officials told The Canadian Press early on Friday that expectations a NAFTA deal is imminent were exaggerated and premature. Wait a minute ... We don't know ... but continuing down the prior path of economic appeasement was not an option. The two sides will meet again on Wednesday. But they have to treat us fairly. (more...)
Ford cancels plans to sell Focus Active in US Ford cancels plans to sell Focus Active in US
- September 01, 2018

Ford won't sell a new Focus crossover in the United States due to tariffs on the China-manufactured vehicle, according to media reports. Galhotra also said the company assembles 15 percent of the cars it sells in the U.S.in Canada and Mexico. (more...)
European Union proposes abolishing bi-annual clock change European Union proposes abolishing bi-annual clock change
- September 01, 2018

Trump told Bloomberg that eliminating tariffs on USA vehicle imports would do little to help the US auto industry, as European consumers would still not buy American cars. The issue initially gained momentum when 70,000 Finnish citizens signed a petition to end biannual time changes, and Ireland Member of European Parliament (MEP) Sean Kelly has been an outspoken critic of Daylight Saving Time as well. (more...)
Indian Rupee Crosses 71 Mark Against US Dollar For First Time Indian Rupee Crosses 71 Mark Against US Dollar For First Time
- August 31, 2018

The local currency dropped by 49 paise or 0.70 percent to close at 70.59 to the dollar at the interbank foreign exchange market, logging its biggest single-day drop since 13 August when it nosedived 110 paise or 1.6 percent. The rupee hovered between 70.62 and 70.90 during morning deals. As early as in May this year, India's Petroleum Minister Dharmendra Pradhan pleaded for " stable and moderate " prices with Saudi Arabia's Energy Minister Khalid al-Falih, as Brent Crude prices briefly ... (more...)
Q1 GDP growth rate zooms to 8.2%, highest in over two years Q1 GDP growth rate zooms to 8.2%, highest in over two years
- August 31, 2018

The latest GDP data reinforces India's tag of the fastest growing economy, with China posting a 6.7 per cent growth rate in second quarter. The growth was powered by a strong performance of manufacturing and consumer spending. Manufacturing remained the best of the lot with its quarterly GVA at basic prices for the quarter growing by 13.5 percent as compared to growth of (-) 1.8 per cent in corresponding quarter previous fiscal. (more...)
Aston Martin sets out plans to float on London Stock Exchange Aston Martin sets out plans to float on London Stock Exchange
- August 31, 2018

James Bond's favorite carmaker is planning to go public. The company, which has previously shrugged off wider industry concerns about Brexit , would be the first United Kingdom carmaker to float in London since the 1980s. The automaker is hoping that the funds raised would add some momentum behind its recovery after years of financial struggles and production issues, as it aims to double production to around 14,000 cars a year. (more...)
Coca-Cola to buy Costa coffee shop chain for £3.9bn Coca-Cola to buy Costa coffee shop chain for £3.9bn
- August 31, 2018

Speaking on the BBC's Today programme, Ms Brittain explained that Coca-Cola wanted to buy Costa because "they want the coffee product, they have no coffee in their range". Whitbread had meant to spin off the chain as a separate firm, but said a straight sale was more profitable. The Press Association reported in May that Whitbread had been approached informally over a potential buyout of Costa. (more...)
Trump Announces Pay Increase Freeze for Federal Employees Trump Announces Pay Increase Freeze for Federal Employees
- August 31, 2018

Under federal law, federal employees get cost-of-living raises every new year - in addition to specific increases in high-cost cities called "locality pay" - unless the president determines those raises would be "inappropriate". metropolitan area, according to the Office of Personnel Management. According to the publication, Congress can still authorize an increase despite Donald's statement and they have until the end of the year to do so. (more...)
Argentina peso rout worsens as record rate hike brings no relief
- August 31, 2018

On top of this, the peso currency lost almost one-fifth of its value today. Argentina's Central Bank on Thursday increased its benchmark interest rate to 60 per cent - the world's highest - in an effort to halt a sharp slide in the value of the peso, which plunged to a new record low. (more...)
Tesla driver charged after 100-foot jump caught on camera in Canada Tesla driver charged after 100-foot jump caught on camera in Canada
- August 31, 2018

The driver, charged with unsafe driving, was taken to a hospital with minor injuries, along with a passenger. Multiple angles of the auto show it flying through the air at an incredibly high speed. Police say the electric vehicle landed more than 100 feet into the opposing lane, forcing it to skid across the roadway and hit a tree in a nearby school parking lot. (more...)
Trans Mountain responds to Federal Court of Appeal decision Trans Mountain responds to Federal Court of Appeal decision
- August 31, 2018

The case combined almost two dozen lawsuits and contended that First Nations were not adequately consulted with before a review by the energy board or cabinet approval of the project. It also means a financial hit to the city, with a community benefits agreement in the form of a one-time payment of $750,000 effectively on hold while the project remains in limbo. (more...)
Argentina's peso hits record low against U.S. dollar
- August 30, 2018

Argentina's currency, the peso , has faced another torrid day, losing more than 15pc of its value against the dollar in early USA trading. Latin America's third biggest economy is expected to shrink this year, while already-scarce credit has been choked off by increasingly onerous borrowing costs. (more...)
Should Northern Ireland ban children from buying energy drinks? Should Northern Ireland ban children from buying energy drinks?
- August 30, 2018

Here we look at what the restrictions will mean. The ban would apply to drinks containing 150mg of caffeine or more per litre. One regular 250ml can of energy drink contains around 80mg of caffeine - equivalent to nearly three cans of cola. (more...)
Panasonic runs from Brexit Britain on tax haven fears
- August 30, 2018

A spokesperson told the BBC the registration of Panasonic's European headquarters would move to Amsterdam from the United Kingdom in October. The move is the latest sign of multinational companies taking contingency actions because of concerns about the fallout from Brexit . (more...)
Warren Buffett buys stake in company behind India's Paytm digital payment brand Warren Buffett buys stake in company behind India's Paytm digital payment brand
- August 30, 2018

One97 owns 49 per cent of Paytm Payments Bank, which leads India's digital payments market. That $1,000 invested in 1964, when Buffett took over the company and shares were just $19, would be worth almost $17 million today, based on the $317,505 price on Thursday morning - and $1,000 invested in 1990 would be worth $47,566 today. (more...)
Ford's 'Buck-a-Beer' comes into effect today in Ontario Ford's 'Buck-a-Beer' comes into effect today in Ontario
- August 30, 2018

The new price will not apply to draft beer sold in restaurants and bars or ciders, spirits and wine. Many of Ontario's craft beer brewers have criticised the move as well, who said they can't afford to lower their prices without sacrificing the quality of their product. (more...)
Facebook Watch video service is going worldwide Facebook Watch video service is going worldwide
- August 30, 2018

Facebook has finally announced that Facebook Watch , their video platform will be available everywhere from today. Facebook Watch allows you to discover videos and interact with friends and creators and it seems like the company's true competitor to Google's YouTube. (more...)
Iran Mulls Exiting Nuclear Deal Amid Sanctions Iran Mulls Exiting Nuclear Deal Amid Sanctions
- August 30, 2018

Iran's supreme leader warned Wednesday the country could abandon its nuclear deal with world powers if it no longer served its interests, even as economic and political pressure mounted on the government. Lawmakers also sacked the minister of economy and finance as well as the labour minister. Conservative opponents of Rouhani, who have long opposed his outreach to the West, are smelling blood. (more...)
Records first strong GDP growth after recession Records first strong GDP growth after recession
- August 30, 2018

Chief Executive Officer Of Cowry Asset Management, Mr Johnson Chukwu, told Channels Television's on Channels Television programme, Business Morning said although the GDP Q2 report shows positive growth, the key sectors, however, did not perform positively. (more...)
Companies concerned despite EU trade truce with Trump Companies concerned despite EU trade truce with Trump
- August 29, 2018

A major reason for the sunnier outlook is a deal struck between European Commission President Jean-Claude Juncker and US President Donald Trump last month to back down from a mounting trade confrontation, initially sparked by Trump's decision to impose levies on steel and aluminium imports. (more...)
Italy's Salvini allies with Hungary on anti-migration manifesto Italy's Salvini allies with Hungary on anti-migration manifesto
- August 29, 2018

In Hungary, Mr Orban has introduced legislation cracking down on foreign-backed organisations aiding migrants and refugees passing through the country. Salvini also said that talks with Germany have been going on for weeks and that an agreement to take back migrants who come through Italy and reach the German border is "close to hand". (more...)
Elon Musk appears to reaffirm 'pedo guy' smear against British cave diver Elon Musk appears to reaffirm 'pedo guy' smear against British cave diver
- August 29, 2018

Never one to turn his back on a potential Twitter fight, Musk fired back, making a thinking-face-emoji insinuation about why Unsworth never sued him , despite being offered free legal services. Unsworth engages in the sexual exploitation of Thai children, and you did so at a time when he was working to save the lives of twelve Thai children", Unsworth's lawyer, L. (more...)
99.3 per cent of demonetised notes were returned, RBI says 99.3 per cent of demonetised notes were returned, RBI says
- August 29, 2018

In a report submitted to a parliamentary panel on finance, the RBI had last week said that the specified bank notes (SBNs or demonetised notes), received after demonetisation , had finally been verified for authenticity and numerical accuracy. (more...)
Jaguar Land Rover’s Autonomous Pods Will Look You Straight In The Eye Jaguar Land Rover’s Autonomous Pods Will Look You Straight In The Eye
- August 29, 2018

The large, cartoon-like eyes - complete with digital eyelids and pupils - sit roughly where headlights might be, making the cars resemble the children's TV character Brum, the little yellow auto who took himself off on adventures. The auto will then attempt to take avoiding action, either by stopping or adjusting its line. Understanding how this translates in tomorrow's more automated world is important. (more...)
New York City fines Kushner Companies $210,000 for filing false paperwork New York City fines Kushner Companies $210,000 for filing false paperwork
- August 28, 2018

In each instance, according to a report by the Housing Rights Initiative , the Cohen group reported buildings "were vacant or without rent-regulated tenants, when they were occupied and numerous tenants had rental protections". Kushner purchased the property with two investors three years ago, according to AP. There's no evidence of tenant harassment in this case. Also under scrutiny is an investment group led by Trump's former attorney, Michael Cohen. (more...)
Friendly Fire? WSJ Ridicules Trade Deal with Mexico: 'Worse' Than NAFTA Pullout Friendly Fire? WSJ Ridicules Trade Deal with Mexico: 'Worse' Than NAFTA Pullout
- August 28, 2018

A spokesman for the Canadian foreign minister said they had been in touch with NAFTA negotiators, and added: "We will only sign a new NAFTA that is good for Canada and good for the middle class". That said, there is some wiggle room, and Canada made concessions on this topic in the TPP agreement", he said. "The president did say if he can not satisfactorily negotiate with [Canada] he may have to go to a large 20 to 25 per cent tax on Canadian automobiles headed for the U.S. (more...)

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