Markets
Diwali bonanza: BSNL-MTNL to be merged
- October 24, 2019
The government on Wednesday announced a massive revival package of almost Rs 70,000 crore for the ailing telecom PSUs BSNL and MTNL as it looks to nurse back the "strategic", but heavily bleeding, companies to health and profitability over the next three-four years. (more...)
- October 24, 2019
The government on Wednesday announced a massive revival package of almost Rs 70,000 crore for the ailing telecom PSUs BSNL and MTNL as it looks to nurse back the "strategic", but heavily bleeding, companies to health and profitability over the next three-four years. (more...)
Facebook Likely to Use Stablecoins Pegged to Fiat for its Libra Project
- October 24, 2019
David Marcus , who heads the Libra project for Facebook , told a banking seminar the group's main goal remained to create a more efficient payments system, but it was open to looking at alternative approaches for the currency token it would use. (more...)
- October 24, 2019
David Marcus , who heads the Libra project for Facebook , told a banking seminar the group's main goal remained to create a more efficient payments system, but it was open to looking at alternative approaches for the currency token it would use. (more...)
Facebook's Zuckerberg grilled over Libra currency plan
- October 23, 2019
Zuckerberg plans to tell the House Financial Services Committee that Libra won't launch anywhere in the world unless all US regulators approve, according to prepared remarks that Facebook released Tuesday. "The financial industry is stagnant and there is no digital financial architecture to support the innovation we need", his statement reads. While we debate these issues, the rest of the world isn't waiting. (more...)
- October 23, 2019
Zuckerberg plans to tell the House Financial Services Committee that Libra won't launch anywhere in the world unless all US regulators approve, according to prepared remarks that Facebook released Tuesday. "The financial industry is stagnant and there is no digital financial architecture to support the innovation we need", his statement reads. While we debate these issues, the rest of the world isn't waiting. (more...)
Nike CEO Mark Parker to step down, John Donahoe to take over
- October 23, 2019
Nike CEO Mark Parker speaks during a launch event in New York, United States on March 16, 2016. Fox News contributor Deneen Borelli reacts to Nike's decision. Over the past year, however, Parker faced a number of speedbumps as he chased his target of $50 billion in annual sales. Parker denied that his departure had anything to do with the various scandals plaguing the company under his leadership. (more...)
- October 23, 2019
Nike CEO Mark Parker speaks during a launch event in New York, United States on March 16, 2016. Fox News contributor Deneen Borelli reacts to Nike's decision. Over the past year, however, Parker faced a number of speedbumps as he chased his target of $50 billion in annual sales. Parker denied that his departure had anything to do with the various scandals plaguing the company under his leadership. (more...)
Lexus LF 30 Concept
- October 23, 2019
The identity of the model has not been disclosed, but reports are suggesting the vehicle in question will be a fully electric version of the UX small crossover. The external shape of the vehicle is that of a coupe with a flowing front that shifts into a more angular rear end. The LF-30's form builds around the architecture of its in-wheel motors and lack of an engine bay with an aggressive and aerodynamic shape. (more...)
- October 23, 2019
The identity of the model has not been disclosed, but reports are suggesting the vehicle in question will be a fully electric version of the UX small crossover. The external shape of the vehicle is that of a coupe with a flowing front that shifts into a more angular rear end. The LF-30's form builds around the architecture of its in-wheel motors and lack of an engine bay with an aggressive and aerodynamic shape. (more...)
All-new Honda Jazz goes hybrid only
- October 23, 2019
The latest-generation Honda Jazz / Fit has been unveiled at the Tokyo Motor Show . The space-maximising upright profile and tall glasshouse remains, but with more curved lines and redesigned lights, bumpers and bonnet. Ness also gets the water-repellent treatment along with a range of color combinations with a sporty feel, while Home gets fabric seats and other materials that are a step up from Basic. (more...)
- October 23, 2019
The latest-generation Honda Jazz / Fit has been unveiled at the Tokyo Motor Show . The space-maximising upright profile and tall glasshouse remains, but with more curved lines and redesigned lights, bumpers and bonnet. Ness also gets the water-repellent treatment along with a range of color combinations with a sporty feel, while Home gets fabric seats and other materials that are a step up from Basic. (more...)
How SoftBank Propelled WeWork's Rise and Fall
- October 23, 2019
As part of Japanese company SoftBank's takeover of the company, Neumann will, according to the Wall Street Journal , receive approximately $1.7 billion as part of the takeover deal in which he will resign from the company board. A $10bn (£7.7bn) financing deal offered by Japanese telecoms conglomerate SoftBank would help the firm avoid running out of funding next month but would hand the investor up to 80pc of the business. (more...)
- October 23, 2019
As part of Japanese company SoftBank's takeover of the company, Neumann will, according to the Wall Street Journal , receive approximately $1.7 billion as part of the takeover deal in which he will resign from the company board. A $10bn (£7.7bn) financing deal offered by Japanese telecoms conglomerate SoftBank would help the firm avoid running out of funding next month but would hand the investor up to 80pc of the business. (more...)
Chinese outnumber Americans on rich list for first time ever
- October 23, 2019
Over the past 12 months, the United States has produced hundreds of millionaires, contributing to net assets of around $3.6 trillion. The United States added more than half of this number - 675 000 new millionaires - to its sizeable stock. (more...)
- October 23, 2019
Over the past 12 months, the United States has produced hundreds of millionaires, contributing to net assets of around $3.6 trillion. The United States added more than half of this number - 675 000 new millionaires - to its sizeable stock. (more...)
Asian stocks extend gains on trade deal optimism
- October 22, 2019
White House economic adviser Larry Kudlow on Monday expressed optimism about ongoing U.S. The deal includes China agreeing to raise its agricultural purchases to between $40 billion and $50 billion from $8 billion to $16 billion, in addition to making reforms on intellectual property and financial services. (more...)
- October 22, 2019
White House economic adviser Larry Kudlow on Monday expressed optimism about ongoing U.S. The deal includes China agreeing to raise its agricultural purchases to between $40 billion and $50 billion from $8 billion to $16 billion, in addition to making reforms on intellectual property and financial services. (more...)
SoftBank to take control of WeWork at less than $8B valuation
- October 22, 2019
WeWork picked SoftBank to rescue the embattled office company, capping a tumultuous autumn that saw co-founder Adam Neumann ousted and his successors scramble to keep the company afloat. Ratings agencies have downgraded WeWork's bonds to "junk" status due to a cash crunch. The company reported US$1.9 billion in losses in 2018 as it expanded rapidly. (more...)
- October 22, 2019
WeWork picked SoftBank to rescue the embattled office company, capping a tumultuous autumn that saw co-founder Adam Neumann ousted and his successors scramble to keep the company afloat. Ratings agencies have downgraded WeWork's bonds to "junk" status due to a cash crunch. The company reported US$1.9 billion in losses in 2018 as it expanded rapidly. (more...)
American Airlines crew unconscious after cleaning fluid spilled on Heathrow flight
- October 22, 2019
Online airport webcam streaming service AirportWebcams.net published audio of what it claimed was the radio conversation between a pilot on board the Airbus A330-323 aircraft and an air traffic controller in the Irish capital. The airline acknowledged the incident became as soon as "attributable to an odour prompted by a spilled cleaning solution within the galley" and that passengers and crew were supplied with in a single day accommodations sooner than departing the following day. (more...)
- October 22, 2019
Online airport webcam streaming service AirportWebcams.net published audio of what it claimed was the radio conversation between a pilot on board the Airbus A330-323 aircraft and an air traffic controller in the Irish capital. The airline acknowledged the incident became as soon as "attributable to an odour prompted by a spilled cleaning solution within the galley" and that passengers and crew were supplied with in a single day accommodations sooner than departing the following day. (more...)
Infosys shares may slip on Tuesday, say analysts
- October 22, 2019
Infosys' audit committee was looking into the complaints and CEO Salil Parekh and CFO Nilanjan Roy had recused from the matter, Infosys chairman Nandan Nilekani said in a statement on October 22. The employees also alleged that in the quarter under review of fiscal 2019-20, the management put huge pressure on them to not recognise reversals of $ 50 million of upfront payment in FDR contract, as it will slash profits for the quarter and negatively affect the company's stock price. (more...)
- October 22, 2019
Infosys' audit committee was looking into the complaints and CEO Salil Parekh and CFO Nilanjan Roy had recused from the matter, Infosys chairman Nandan Nilekani said in a statement on October 22. The employees also alleged that in the quarter under review of fiscal 2019-20, the management put huge pressure on them to not recognise reversals of $ 50 million of upfront payment in FDR contract, as it will slash profits for the quarter and negatively affect the company's stock price. (more...)
Trade wars to impact flow of capital, goods: Nirmala Sitharaman
- October 22, 2019
Union Finance Minister Nirmala Sitharaman Saturday said that she will prepare a blueprint for global companies that are looking beyond China to make India as their preferred destination to invest. She also highlighted that the emerging market economies, in particular, face the challenge of achieving economic growth and inclusive development while pursuing sustainable financing. (more...)
- October 22, 2019
Union Finance Minister Nirmala Sitharaman Saturday said that she will prepare a blueprint for global companies that are looking beyond China to make India as their preferred destination to invest. She also highlighted that the emerging market economies, in particular, face the challenge of achieving economic growth and inclusive development while pursuing sustainable financing. (more...)
Qantas sets record for world's longest nonstop flight
- October 22, 2019
Qantas , the Australian airline, has utilized a take a look at flight for what is going to most certainly be the longest non-hand over business service, turning in passengers from NY to Sydney . At this point in time, no commercial aircraft could complete the New York-to-Sydney marathon with a full load. There were only 50 people on board for the pilot flight - including 10 pilots and cabin crew - on a plane that sits 236 passengers. (more...)
- October 22, 2019
Qantas , the Australian airline, has utilized a take a look at flight for what is going to most certainly be the longest non-hand over business service, turning in passengers from NY to Sydney . At this point in time, no commercial aircraft could complete the New York-to-Sydney marathon with a full load. There were only 50 people on board for the pilot flight - including 10 pilots and cabin crew - on a plane that sits 236 passengers. (more...)
UK's Boris Johnson tries again for vote on EU divorce deal
- October 22, 2019
Bercow - whose rulings in favour of backbench lawmakers have stymied government plans a couple of times before - said the motion proposed by the government was "in substance the same" as the one Parliament dealt with on Saturday (Sunday, NZT). (more...)
- October 22, 2019
Bercow - whose rulings in favour of backbench lawmakers have stymied government plans a couple of times before - said the motion proposed by the government was "in substance the same" as the one Parliament dealt with on Saturday (Sunday, NZT). (more...)
The House of Fools: MPs subjected us to more agonising Brexit delay
- October 22, 2019
One of his most senior ministers said Britain would still leave the bloc on October 31. Pro-European Union MPs are considering supporting a customs union amendment to the government's Brexit bill in order to dilute it ahead of a second referendum. (more...)
- October 22, 2019
One of his most senior ministers said Britain would still leave the bloc on October 31. Pro-European Union MPs are considering supporting a customs union amendment to the government's Brexit bill in order to dilute it ahead of a second referendum. (more...)
Xiaomi confirms more than 10 5G-enabled phones will debut in 2020
- October 21, 2019
Jun said that the company will launch more than 10 smartphones with 5G cellular support in 2020, reports Reuters . Industry people are concerned that next year's 4G models will not sell. Xiaomi also has to contend with the resulting steady drop in its share price over the past year as China's smartphone market grows tougher and more competitive. (more...)
- October 21, 2019
Jun said that the company will launch more than 10 smartphones with 5G cellular support in 2020, reports Reuters . Industry people are concerned that next year's 4G models will not sell. Xiaomi also has to contend with the resulting steady drop in its share price over the past year as China's smartphone market grows tougher and more competitive. (more...)
Andrew Bridgen: No deal ‘back on the table’ if PM’s deal passes
- October 21, 2019
UK Prime Minister Boris Johnson's promise that his country will leave the European Union by October 31 may be in jeopardy - because of a request he made. Mr Letwin said he would now switch and vote for the deal. However, he was forced to request an extension from the European Union due to the Benn Act, a law requiring him to do so after he lost a vote on an amendment until the related legislation is passed. (more...)
- October 21, 2019
UK Prime Minister Boris Johnson's promise that his country will leave the European Union by October 31 may be in jeopardy - because of a request he made. Mr Letwin said he would now switch and vote for the deal. However, he was forced to request an extension from the European Union due to the Benn Act, a law requiring him to do so after he lost a vote on an amendment until the related legislation is passed. (more...)
Salmonella concerns cause recall of ready-to-eat pork, turkey products
- October 21, 2019
George's third-party cold storage facility mistakenly shipped the ready-to-eat products to stores. While these products have been shipped nationwide, there have been no illnesses reported so far in connection with the product. The illness usually lasts four to seven days, and most people recover without treatment. FSIS is concerned that some product may be frozen and in consumers' refrigerators or freezers or both. (more...)
- October 21, 2019
George's third-party cold storage facility mistakenly shipped the ready-to-eat products to stores. While these products have been shipped nationwide, there have been no illnesses reported so far in connection with the product. The illness usually lasts four to seven days, and most people recover without treatment. FSIS is concerned that some product may be frozen and in consumers' refrigerators or freezers or both. (more...)
Varadkar ruling out EU Brexit concessions to get DUP backing on deal
- October 21, 2019
This move was aimed at preventing hardline Brexiters blocking a subsequent withdrawal bill as the clock ticks to October 31, in order to engineer the "no deal" scenario that many of them want. "It now looks unlikely that we will" leave by Halloween, Brexit Party leader Nigel Farage told "FOX & Friends" Sunday. But the opposition Labour Party is planning changes to the legislation needed for Brexit that would make the deal unacceptable to swathes of Johnson's own party including a proposal ... (more...)
- October 21, 2019
This move was aimed at preventing hardline Brexiters blocking a subsequent withdrawal bill as the clock ticks to October 31, in order to engineer the "no deal" scenario that many of them want. "It now looks unlikely that we will" leave by Halloween, Brexit Party leader Nigel Farage told "FOX & Friends" Sunday. But the opposition Labour Party is planning changes to the legislation needed for Brexit that would make the deal unacceptable to swathes of Johnson's own party including a proposal ... (more...)
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