Economy

Rupee sinks to historic low, Centre anxious

Rupee sinks to historic low, Centre anxious

According to reports, the rupee opened at a record low of 73.25 against U.S. dollar surpassing the previous low of 72.98, which it had touched on September 18. The rupee looks set to outpace losses se...

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Four ways the new NAFTA deal will affect Ontario

Four ways the new NAFTA deal will affect Ontario

In Canada's case, people can import up to $40 worth of goods in Canadian dollars (or $31 U.S.) without paying taxes-higher than the previous limit of $20 Canadian dollars. "It will strengthen the midd...

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Saudi King would not last 'two weeks' in power without USA support

Saudi King would not last 'two weeks' in power without USA support

Saudi Arabia will pump 10.7 million bpd of oil in October and will slightly raise this level in November, Saudi Energy Minister Khalid al-Falih said at an energy forum in Moscow on Wednesday. Oil pric...

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Days before trade deal, Trump said Canada’s foreign minister ‘hates America’

Days before trade deal, Trump said Canada’s foreign minister ‘hates America’

President Trump formally announced a new trade deal with Mexico and Canada Monday morning. Comments in the past two days from Larry Kudlow, head of U.S. The new deal makes enough Canadian auto e...

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Oil near 4-year high as Washington’s Iran sanctions loom

Oil near 4-year high as Washington’s Iran sanctions loom

WTI has risen around 18 percent since mid-August. Exchange data shows the combined net long position in Brent and U.S light crude futures and options at its largest since late July, equivalent to ab...

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Even in new trade deal, US plays hardball with China

Even in new trade deal, US plays hardball with China

He said that "tariff king" India on its own has reached out to the United States to make a trade deal, without Washington calling New Delhi for negotiations. Trump explained that he called India a "...

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Washington dairy interests optimistic in wake of new trade agreement

Washington dairy interests optimistic in wake of new trade agreement

Now she fears that growth will halt because of the latest deal. Every time there's a deal there's a little more access given. HILLYARD: That allows us to move our products of dairy into there need...

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Primera Air's sudden shutdown leaves thousands of travellers stranded at airports

Primera Air's sudden shutdown leaves thousands of travellers stranded at airports

Stansted said on Monday that travellers due to fly with the airline should not travel to the airport, from which Primera operated flights to Spain and the US. Kindly understand that the usual options...

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$40 billion LNG Canada pipeline project in BC gets green light

$40 billion LNG Canada pipeline project in BC gets green light

Royal Dutch Shell said it would export LNG from Western Canada by 2025 after approving a $14 billion project, hot on the heels of Qatar's commitment last week to expand its facilities. It also helps ...

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Americans To Get Presidential Phone Alert From Trump In First National Test

Americans To Get Presidential Phone Alert From Trump In First National Test

Plaintiffs compare the alert system to "hijacking private property for the objective of planting a Government-controlled loudspeaker in the home and on the person of every American". "One thing that w...

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Amazon raising minimum wage for U.S. workers to $15 per hour

Amazon raising minimum wage for U.S. workers to $15 per hour

The current UK minimum wage is £7.83 for workers over the age of 25 and the minimum wage now paid to UK Amazon workers is £8 an hour, meaning they will get a minimum increase in pay of 18%. Last fall ...

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Amazon raising minimum wage for US workers to $15 per hour

Amazon raising minimum wage for US workers to $15 per hour

The federal minimum wage for the U.S.is now $7.25, though most states have higher minimums. Retailer Target Corp raised its minimum hourly wage last year to $11 and promised to raise it to $15 an ho...

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Elon Musk Got $1.7 Billion Richer Today

Elon Musk Got $1.7 Billion Richer Today

He is staying on as CEO , but gives up his chairmanship. Tesla's shares soared 16% on Monday after chief executive Elon Musk settled a fraud lawsuit with the United States regulator. The el...

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Oil price, output surges, at highest this year

Oil price, output surges, at highest this year

US light crude futures were up $1.48 at $74.73 a barrel, after touching $74.89, the highest in almost four years. Brent futures were up $1.55 a barrel at $84.28 by 12:24 p.m. Following Trump's most-...

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BC wine and dairy industries anxious about future under USMCA

These provisions allow Canada , Mexico and the United States to challenge one another's anti-dumping and countervailing duties in front of a panel of representatives from each country. Canada also ...

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General Electric ousts CEO in surprise move, warns on 2018 earnings

General Electric ousts CEO in surprise move, warns on 2018 earnings

The company said Monday that H. Lawrence Culp Jr. will take over as chairman and CEO immediately. GE's stock rose more than 10 percent on news of Flannery's surprise departure. Recently, investors a...

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Tesla shares jump after Musk settles with SEC

Tesla shares jump after Musk settles with SEC

A more assertive board could provide the kind of tighter oversight that many legal experts, and Tesla investors, say is overdue for a company of Tesla's market value. Under the settlement , which re...

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California's Net Neutrality Law Is Facing a Justice Department Lawsuit

California's Net Neutrality Law Is Facing a Justice Department Lawsuit

According to the LA Times , California state AG Xavier Bacerra said the state is prepared to defend its new law , and that it would need additional funding and staff to implement the regulations. Th...

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Petrol price crosses Rs 91-mark; cooking gas above Rs 500

Petrol price crosses Rs 91-mark; cooking gas above Rs 500

Oil firms revise LPG price on 1st of every month based on average benchmark rate and foreign exchange rate in the previous month. Delhi recorded an increase by Rs 0.24 a litre, whereas in Mumbai an ...

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GE CEO Flannery Ousted After Brief Tenure

GE CEO Flannery Ousted After Brief Tenure

General Electric CEO John Flannery is seen at the company's office in New York City, U.S., June 26, 2018. GE also announced its cash-flow and earnings per share would be less than previously indicat...

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Aldi outlines further growth as sales top £10bn

Aldi outlines further growth as sales top £10bn

Sales for 2017 climbed by 16.4% to £10.2bn while operating profit rose 26% to £265.9m. The discount chain, which has been on an aggressive United Kingdom store expansion programme, said that its sal...

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Elon Musk to Resign as Chair of Tesla Board but Remain CEO

Elon Musk to Resign as Chair of Tesla Board but Remain CEO

Tesla was hit with a $20 million fine of their own. The SEC filed fraud charges against Mr Musk... "When companies and corporate insiders make statements , they must act responsibly", SEC Chairman ...

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Canada and United States reach free trade deal with Mexico

Canada and United States reach free trade deal with Mexico

The US and Canada have reached a last minute deal to salvage the North American Free Trade Agreement (Nafta ), overcoming deep divisions to keep the 25-year-old trilateral pact intact. The U.S. sou...

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Petrol prices inch closer to Rs 91 in Mumbai

Petrol prices inch closer to Rs 91 in Mumbai

Prices of the fuel in Delhi , Kolkata, Mumbai and Chennai were Rs 74.79, Rs 76.64, Rs 79.40 and Rs 79.08 a litre respectively, up from the Saturday's Rs 74.69, Rs 76.48, Rs 79.23 and Rs 78.91 respe...

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Intel says focusing on PC chips; to meet revenue targets

Intel says focusing on PC chips; to meet revenue targets

More surprising, however, has been the growth of Intel's PC-centric business, Swan said . Intel Corp is prioritizing the production of chips used in personal computers and has enough supplies requi...

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HSBC and TSB banking app outages hit customers

HSBC and TSB banking app outages hit customers

A spokesperson for TSB apologised to customers affected by the disruption, saying: "We're sorry for any issues our customers experienced". TSB customers have also reported problems with their mobile...

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Ryanair strikes: 40,000 flyers to be hit as airline cancels 250 flights

Ryanair strikes: 40,000 flyers to be hit as airline cancels 250 flights

It's not that comfortable. Around 35,000 passengers are thought to be affected, with Unions claiming this is the biggest day of action yet. Ryanair staff have been pushing for higher wages and a...

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VW, Microsoft team up to build connected cars

VW, Microsoft team up to build connected cars

The move forms part of a wider $4bn push from the German company to boost its digital transformation by 2025. The two companies will work together to develop the "Volkswagen Automotive Cloud", said ...

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Amazon To Open Physical Store In New York

Amazon To Open Physical Store In New York

The e-commerce giant has already killed the offline retail stores through its diverse assortment of products, pricing strategies, rewarding loyalty programs, and a global digital reach. Earlier this m...

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Global cities most at risk of property bubbles

Global cities most at risk of property bubbles

Caution for investors UBS says that investors in real estate should be cautious about buying in most of the biggest developed market cities . "Although many financial centres remain at risk of a ...

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