Economy

CBOE To Launch Ethereum Futures Later This Year

CBOE To Launch Ethereum Futures Later This Year

Bitcoin futures are already on the CBOE , which helped propel it to its highest price back in December 2017. BOE Global Markets, the company behind launching Bitcoin [BTC] futures past year, has ...

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Trump Proposes Freezing Federal Worker Salaries

Trump Proposes Freezing Federal Worker Salaries

This month, the Senate voted of 96-2 to approve its version of a spending bill that would fix across-the-board civilian raises next year at 1.9 percent. Trump's call for a federal pay freeze was inclu...

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Germany hopeful Argentine economy will stabilise after International Monetary Fund deal

Germany hopeful Argentine economy will stabilise after International Monetary Fund deal

Argentinian President Mauricio Macri has asked the International Monetary Fund to release a $50-billion (Rs 3.53 lakh crore) loan early amid concerns that the country will be unable to meet its de...

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NAFTA is being renamed US-Mexico Trade Agreement

NAFTA is being renamed US-Mexico Trade Agreement

NAFTA reduced most trade barriers between the three countries. Under the U.S. -Mexico deal , as much as 45 percent of parts will also have to be made by workers who are paid more than $16 an h...

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Trump threat to quit WTO over 'the worst trade deal ever made'

Trump threat to quit WTO over 'the worst trade deal ever made'

Threatening that U.S. will pull out of the WTO, Donald Trump said that if the organisation won't shape up then he will pull United States out of it. In fact, trade experts say, the U.S. Why is Trump...

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Trump reportedly won't compromise with Canada in NAFTA deal

Trump reportedly won't compromise with Canada in NAFTA deal

Trade Representative Robert Lighthizer. Talks were to continue next week between Lighthizer and Canadian foreign minister Chrystia Freeland. And that rhythm is brisk. President Trump moved forward ...

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Ford Won't Sell the Focus Active in America Thanks to Trump's Tariffs

Ford told Automotive News that even if the tariffs were retracted, the company wouldn't change course and import the Active. It had expected to sell fewer than 50,000 units a year. Ford has backped...

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EU to scrap time change rule

EU to scrap time change rule

US President Donald Trump has hinted at a possible trade war with the European Union after referring to the group as "almost as bad as China, just smaller" in an interview. Trade Representativ...

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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

The rally can be attributed to the manufacturing sector which grew by 13.5 per cent. India's GDP growth rate zooms to 8.2% in the first quarter of 2018-2019 fiscal year. P Chidambaram, however, expres...

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Coca-Cola to buy Costa coffee chain for $5.1 billion

Coca-Cola to buy Costa coffee chain for $5.1 billion

Whitbread's share price was up nearly 16 per cent to £46.56 following the announcement, while London's benchmark FTSE 100 index on which it trades was down 0.3 per cent. But it has slimmed down in r...

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Aston Martin gears up for £5bn float - but is its price overheated?

Aston Martin gears up for £5bn float - but is its price overheated?

The company said it will sell at least 25 percent of Aston Martin's shares if it decides to go forward with an initial public offering on the London Stock Exchange . The firm has already starte...

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Berkshire Hathaway plans Rs 2,500-cr stake buy in Paytm

Berkshire Hathaway plans Rs 2,500-cr stake buy in Paytm

The current round pegs Paytm's valuation at about $10-$12 billion. The investment is worth more than $50 billion and makes Berkshire the third-biggest shareholder in Cupertino, California-based App...

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Panasonic to move headquarters out of Britain before Brexit

But the bigger concern is the impact of Brexit on the future of Panasonic's manufacturing operations in the United Kingdom after April 2019. However, the spokesperson said the firm could not comment...

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Trump Remembers Budget Deficit, Announces Federal Pay Freeze - Hit & Run

Trump Remembers Budget Deficit, Announces Federal Pay Freeze - Hit & Run

It would be the first pay freeze for civilian federal workers since 2011 to 2013, when President Barack Obama instituted a three-year pay freeze as the nation recovered from the recession. In ordering...

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Statement by the IMF's Managing Director on Argentina

Latin America's third largest economy is facing yet another mounting financial crisis, with Argentina's currency plunging a stunning 45% against the U.S. A pan-European stock index closed down 0.3 per...

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Dyson ramps up electric vehicle development

Dyson ramps up electric vehicle development

In all, Dyson expects to invest a whopping £550million in the 750-acre former RAF base, on which it will also build a sports centre, café and visitor centre where Joe Public can learn about its wares....

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Federal Court of Appeal rules against Trans Mountain pipeline expansion

Federal Court of Appeal rules against Trans Mountain pipeline expansion

A workman walks past steel pipe to be used in the oil pipeline construction of Kinder Morgan Canada's Trans Mountain Expansion Project at a stockpile site in Kamloops, British Columbia, Canada May 2...

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Tesla goes airborne, crash lands into school parking lot

Tesla goes airborne, crash lands into school parking lot

A speeding Tesla crossed the Little Avenue railway tracks in the United States and became airborne before losing control and crashing into the parking lot of a school. Investigators said the auto went...

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JetBlue increases fees for checked bags

JetBlue increases fees for checked bags

According to Bob Mann, President of RW Mann & Company, an airline analysis firm with over 40 years of experience in the industry, American Airlines was the first to charge $20 for a baggage check. I...

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Uber Plans To Shift Focus On Electrical Bikes

Uber Plans To Shift Focus On Electrical Bikes

In February the Uber app has the opportunity to take share in the electric bike. Another firm is Lime, which is an electric scooter company. In a post in July, Lyft's co-founders said using bikes ...

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Facebook rolls out video service worldwide

Facebook rolls out video service worldwide

Facebook Watch features video content on a vast array of topics such as entertainment, sports, news and more. Facebook launched Watch amid a shift in video viewing habits away from traditional te...

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Vodafone and TPG confirm plan to merge

Vodafone and TPG confirm plan to merge

A short time ago, the shares were up 17.6% to $9.270. "Together TPG and [Vodafone Hutchison Australia] will have a comprehensive portfolio of fixed and mobile products, and will own the infrastructu...

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Nigeria's GDP Expands By 1.50 Percent In Half Year 2018

Nigeria's GDP Expands By 1.50 Percent In Half Year 2018

The NBS said the growth in the second quarter of 2018 is driven by developments in the non-oil sector as the services sector recorded its strongest positive movement since 2016. Reiterating the focus ...

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Elon Musk seems to revive 'pedo' claims against Thai cave rescue diver

Elon Musk seems to revive 'pedo' claims against Thai cave rescue diver

The British diver from this summer's Thai cave rescue whom Tesla founder Elon Musk referred to as a " pedo " is reportedly preparing to sue him for libel. Musk lashed out on Twitter, calling Unswort...

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Rs 2.25 lakh crore lost to demonetise Rs 13,000 cr: P. Chidambaram

Rs 2.25 lakh crore lost to demonetise Rs 13,000 cr: P. Chidambaram

Of the Rs 15.41 lakh crore worth 500 and 1,000 rupee notes in circulation before November 8, 2016, notes worth Rs 15.31 lakh crore have been returned. For instance, parts of the Rs 10,000 crore could ...

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US, Mexico reach NAFTA deal as attention turns to Canada

US, Mexico reach NAFTA deal as attention turns to Canada

The U.S. president made the announcement today in the Oval Office, with Mexican President Enrique Pena Nieto joining by speaker phone. "And I assume that they are going to carry out negotiations on th...

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Toyota pours $500 mn into driverless auto tieup with Uber

Toyota pours $500 mn into driverless auto tieup with Uber

The person didn't want to be identified because the official announcement hasn't been made. The Wall Street Journal reported the investment earlier Monday, and details of the driverless-car partne...

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'It’s not the right time to talk to China about trade war'

China was "confused" about how to respond to Trump's trade demands because the U.S. had "not shown sincerity" in negotiations, said Wu Baiyi, director of the Institute of American Studies. "There ...

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Warren Buffett's Next Investment Will Be a First for Berkshire Hathaway

Warren Buffett's Next Investment Will Be a First for Berkshire Hathaway

But a deal, including the size of the investment , has not been finalised yet. Buffett's Berkshire Hathaway has a penchant for financial services and disclosed in August that he had boosted his s...

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President says he'll be

President says he'll be "terminating" NAFTA

Mexican President Enrique Pena Nieto spoke to Trudeau on Monday and urged Ottawa to rapidly rejoin the talks with the goal of getting a final NAFTA rewrite this week. Adam Austen, a spokesman for Ca...

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