Tuesday, 25 April 2017
Latest news
Home » Economy

Economy

Modi pitches for justice to Muslim women

perth_map

State BJP vice-president Sameer Mohanty said he was simply "stunned" by the crowd response to the rally. Terming the action of the Chief Minister as politically motivated, Mohanty said this has hurt the sentiment of people of the State.In a federal system, there may be separate ruling political distensions at the Centre and States. Read More »

York police arrest over 100 men in child prostitution investigation

perth_map

Thai Truong told a news conference Friday. "We used undercover operators for this investigation and once they were told that they were speaking with children for the most part the men would stop and we were OK with that, we really didn't want to identify any of the men that were not looking to purchase and to buy prostituted children". Read More »

Indian officials to lose red beacon lights atop their cars

perth_map

For over 18 months, Road and Transport Minister Nitin Gadkari had pursued a proposal to prune the long list of VIPs allowed to use red beacons atop their cars. Jaitley also said that the emergency services will be defined in the new rule and there won't be any exceptions made for either red or blue beacons . Read More »

Delhi School Boy Celebrating Last Exam Rams Car Into Pavement, 1 Killed

perth_map

The police identified the three injured in the accident as Asif, Karan and Sanjay, all of whom appear to be daily wage earners. "His friends fled the scene after the accident", Narwal added. The three were having a joyride in the vehicle owned by Chug's father, police said. The teenager, a student of Delhi Public School, did not have a driving licence and had turned 18 on April 15, reported India Today . Read More »

Mnuchin says will unveil tax reform plan 'very soon'

perth_map

House Republicans are also working on plans to vote to repeal the Affordable Care Act next week, and Congress must vote by Friday to continue funding the government or there will be a partial shutdown. "We're working with all of the different levers". While he didn't specify timing of a tax plan, he said earlier this month the administration is still committed to passing a plan to overhaul the tax code this year. Read More »

Volkswagen to pay US$2.8 billion in U.S. diesel emission scandal

perth_map

A federal judge in Detroit on Friday sentenced Volkswagen AG to three years' probation and independent oversight for the German automaker's diesel emissions scandal as part of a $4.3 billion settlement announced in January. Before Cox imposed his sentence Manfred Doess, the automaker's general counsel, again appeared on behalf of the world's largest automaker to apologize and vowed that the company's corporate culture is changing. Read More »

United misses deadline to answer senators on dragging

perth_map

Lastly, commencing from July 1, Emirates twice-daily service to Los Angeles will be reduced to a single flight. It blamed the move on stiffer US security measures and attempts to ban travelers from some Muslim-majority nations since President Donald Trump took office. Read More »

OPEC says oil deal bearing fruit, but US pumping more

Gross U.S. crude oil imports in 2016 rose to an average of 7.9 million barrels per day (b/d), 514,000 b/d more than the 2015 average. "New data shows weaker-than-expected growth in a number of countries including Russia, India, several Middle Eastern countries, Korea and the US, where demand has stalled in recent months", the agency said . Read More »

Ontario housing measures aimed at renters, buyers

perth_map

As for the underlying data guiding these policy decisions? While the Fair Housing Plan's creation of a new Housing Supply Team aims to identify and overcome obstacles pertaining to specific projects, specifics of how this would apply to the development industry remain unclear in the Province's newly-released documents. Read More »

GM announces China version of hybrid Volt

Late last year, the mainland proposed automakers should make new energy vehicles account for 8 percent of total auto fleets by 2018 despite booming demand for SUVs - first-quarter SUV sales rose 21 percent on-year to 2.4 million, according to data from the Associated Press. Read More »

Tuesday weather: Showers likely, thunderstorms possible

perth_map

Today looks to be pleasant, with sunny skies and a high in the upper 60s. Some additional showers and thunderstorms could develop Thursday afternoon to our west with an incoming warm front. Calm wind becoming south southwest 5 to 9 miles per hour in the afternoon. Friday Night: A chance of showers and thunderstorms before 9pm. But there's a 40 percent chance of showers overnight with a low around 53. Read More »

Oil Prices Down, US Drilling Up

perth_map

Futures gained 94 cents last week to close at $53.18 a barrel. Crude futures prices fell Monday as a continued uptick in USA production fueled selling pressure after recent gains. Meanwhile, oil producers in the USA added rigs for a 13th straight week, proof that output increases there will continue unhampered. "It is of course OPEC's business to decide on its output levels, but a outcome of (hypothetically) extending their output cuts beyond the six-month mark would be bigger implied ... Read More »

Alaskan oil well leaking gas

The spill was discovered on Friday, and the oil leakage has since been contained but gas is still flowing from the well, according to the Alaskan Department of Environmental Conservation. The public image of BP is still recovering from the 2010 explosion and oil spill in the Gulf of Mexico, which killed 11 people and affected beaches and wetlands. Read More »

Uber says net revenue outpaced losses in 2016

perth_map

The net loss Uber pointed to, $2.8 billion excluding its China losses and other factors, is larger than the non-GAAP net loss for all but one company in the S&P 500 index SPX, -0.68%: ConocoPhilips COP, -1.66% which reported a non-GAAP loss of $3.3 billion for the year, Audit Analytics reported. Read More »

Cristiano Ronaldo: "The two goals in Munich were incredible"

That was Ronaldo's only goal in his first 32 European games for Sporting Lisbon and United, but he has now reached three figures from only 143 matches - all but three of which have come in the Champions League proper. We're backing Under 2.5 Goals at 2.6. Vidal could have given the host a two-goal cushion from the spot in first-half stoppage time following Dani Carvajal's handball, but he blazed the penalty over the bar. Read More »

New Venezuela clashes erupt as Maduro seeks support in Cuba

perth_map

Venezuela is now in the state of economic emergency, announced by country's president in January 2016 amid widespread food shortages, hyperinflation and anti-government protests. The court aimed to assume the functions of the opposition-led Congress, sparking outcry among Venezuelans already suffering from triple-digit inflation and widespread shortages of basic goods. Read More »

Sensex recovers 155 points in late morning trade

perth_map

The gauge had lost 398.50 points in the previous three sessions. Shares of Infosys surged as the company is set to announce it's Q4 results on April 13, 2017. Major gainers in the 30-share index were ITC (3.16%), ICICI Bank (1.76%), Larsen & Toubro (1.75%), State Bank Of India (1.63%), Infosys (1.49%), and Bharti Airtel (1.39%). Read More »

Delta cancels flights for third day after storm hits Atlanta

Delta went the extra mile a year ago by giving out doughnuts, pizza and drinks to passengers when over 2,000 flights were cancelled due to a power outage. The baggage claim area at Atlanta's Hartsfield-Jackson International Airport was backed up Saturday with bags from stranded or rerouted passengers. Read More »

Ferrari's Win In F1 Australian GP Paints Clear Picture Of 2017 Championship

perth_map

Scuderia Ferrari's Sebastian Vettel started the race in Melbourne, Australia, from P2, but by the time the checkered flag came out, he was in first-place with a 9.975 second gap to Lewis Hamilton in second. "He has proved to be be one of the quickest drivers on the grid and l would love to have a close battle". Hamilton and Vettel looked pretty evenly matched for most of it, and though there wasn't much overtaking, there often isn't at Melbourne, so we'll reserve judgment on that one. Read More »

Attorney: Mayor not being truthful about claims

Murray spokesman Jeff Reading told the Times the allegations were a "shakedown" that had conspicuously surfaced weeks from the campaign filing deadline for reelection. The lawsuit against Murray, 61, was filed Thursday by a man from Kent who is now in his 40s. Around 1980, when a 13-year-old Simpson was living in a group home, he was allowed to stay the night at Murray's. Read More »

Adidas unveils new 3D printed shoe

perth_map

The midsole is formed using Carbon's "Digital Light Synthesis" technique, which uses oxygen and light to form the sole. This month, adidas will release 300 pairs of the Futurecraft 4D shoe to friends and family; more than 5,000 pairs are expect to release at retail this Fall/Winter 2017 season. Read More »

China bans property sales in upcoming economic zone

perth_map

The new area, called Xiongan, is about 100 kilometers from Beijing and Tianjin, rounding up the coordinated development of the Beijing-Tianjin-Hebei region. "This would be one of the centrepieces of a high-level development plan for the Beijing-Tianjin-Hebei region", said Bill Bowler, a sales trader at Forsyth Barr Asia Ltd in Hong Kong. Read More »

Gov. Brown declares drought over, issues conservation orders

On Friday, the Democratic governor lifted the drought declaration in all counties except four, mostly in the state's agricultural Central Valley. "Conservation must remain a way of life". The drought spanned water years 2012 through 2016 and included the driest four-year statewide precipitation on record (2012 to 2015). In response, Brown declared a state of emergency in January of 2014 to ease the burden on the state's water supplies. Read More »

China, Cherry Coke, and the Oracle of Omaha

perth_map

It turns out that the Oracle is quite popular in China and could help the brand's image. Buffett is so well known in China, when his Berkshire Hathaway began streaming its annual meeting online previous year, it was translated real-time into Mandarin Chinese. Read More »

Admitting Role in Leak, Richmond Fed's Lacker Resigns Immediately

perth_map

YDSTIE: Well, it all began at the regular Fed meeting back in September of 2012. At the meeting, the Fed made a decision to buy another $40 billion worth of bonds. The leak was first probed by the Fed's general counsel, and then by the Office of Inspector General, a congressional subcommittee, the U.S Attorney's Office for the Southern District of NY and the Federal Bureau of Investigation . Read More »

Axon offers police free body cameras to speed company's growth

perth_map

The body-camera division, based in downtown Seattle, will give access to its Evidence.com data-storage software and Axon Body 2 camera along with mounts and docks to officers from police departments that take it up on its offer. Formerly Taser International, Axon is embroiled in a heated battle with rival Seattle company Vievu to provide body cameras to law-enforcement agencies around the country. Read More »