Business

India will break U.S. sanctions and keep importing Iranian oil

India will break U.S. sanctions and keep importing Iranian oil

Petroleum Minister Dharmendra Pradhan said two state-owned oil refiners, Indian Oil Corporation and Mangalore Refinery and Petrochemicals, had signed contracts to import 1.25 million tonnes of Irani...

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Facebook hoax hitting inboxes telling users their accounts been cloned

Facebook hoax hitting inboxes telling users their accounts been cloned

If you're still wondering if your profile was actually cloned, one way to check is to search your name on Facebook and see if more than one account with your photo shows up. "We've heard that some peo...

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Tropical Storm Michael, Heading North, Could Become Category 2 Hurricane

Tropical Storm Michael, Heading North, Could Become Category 2 Hurricane

The storm was centered about 50 miles (80 kilometers) off the western tip of Cuba , and about 140 miles (220 kilometers) east-northeast of Cozumel, Mexico . "Take this seriously and keep your family...

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United States economists win Nobel prize for work on climate and growth

Nordhaus, 77, was specifically honoured for "integrating climate change into long-run macroeconomic analysis". His economic approaches to global warming include modeling to determine the efficient pat...

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Rahul Gandhi wants petrol, diesel brought under GST

Rahul Gandhi wants petrol, diesel brought under GST

Meanwhile, in Mumbai , petrol prices saw a rise of 18 paise while diesel was hiked by 70 paise. After this hike, Petrol is being retailed at Rs 81.68 per litre and Diesel is being retailed at 73.24...

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Salmonella risk prompts recall of 6.5 million pounds of beef

Salmonella risk prompts recall of 6.5 million pounds of beef

They have an establishment number "EST". The agency posted a 33-page list of the recalled items, which were shipped to retail locations and institutions across the country. It advises consumers to c...

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India decides to import crude oil from Iran

India decides to import crude oil from Iran

Trump has been blaming the Organisation of Petroleum Exporting Countries for rising crude prices ever since he decided in May to tear up the nuclear agreement with Iran and re-impose sanctions. Saudi ...

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U.S. Employment Rises Much Less Than Expected In September

Hurricane Florence probably dented hiring in some sectors as well, which should reverse in the coming months. The labor force participation rate fell by 0.2 to 62.7 percent. Then, thanks to an Obama-...

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Nation's largest mattress retailer, Mattress Firm, files for bankruptcy

Nation's largest mattress retailer, Mattress Firm, files for bankruptcy

The retailer has 3,500 stores across the USA, reflecting a time when the economics of mattress retailers was such that more was better. There are more than 3,300 Mattress Firm stores in the United S...

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Construction, health-care jobs fuel big employment in capital region

Construction, health-care jobs fuel big employment in capital region

August saw a net decline of more than 51,000 positions, pushing the unemployment rate to six per cent. Year-over-year, employment is up by 220,000 jobs or 1.2 per cent. But he wrote the current readin...

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Unemployment Drops to Its Lowest Level Since the 1960s

Unemployment Drops to Its Lowest Level Since the 1960s

This is a bit slower than the 2.9 percent year-over-year wage growth in August, but competition for workers is pushing up pay, consistent with the findings from PNC's semiannual small business surv...

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Tesla boss mocks U.S. agency days after reaching settlement

Tesla boss mocks U.S. agency days after reaching settlement

The SEC declined Business Insider's request for comment. Tesla's stock dipped more than 2% during after hours trading. That caused the company's stock to soar. Musk used his Twitter account to...

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RBI keeps policy rates intact; stance unchanged

RBI keeps policy rates intact; stance unchanged

In its earlier bi-monthly monetary policy reviews, the RBI had raised the interest rates for two successive times in June and August this year. The RBI has allowed commercial banks to dig in...

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Dancing May upbeat about Brexit deal

Dancing May upbeat about Brexit deal

The Conservative party chief called for unity to deliver a Brexit that was in the "national interest", amid deepening divisions within the ruling party over the UK's exit strategy from the European...

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Toyota recalls more than 2.4 million cars over crash fault

Toyota recalls more than 2.4 million cars over crash fault

In isolated cases, the automaker said that the vehicles stalled, although their power steering and brake systems still functioned. A Toyota UK spokesman said owners of the affected vehicles woul...

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Assam Govt slashes prices on petrol and diesel; reduces Value-Added Tax in state

Assam Govt slashes prices on petrol and diesel; reduces Value-Added Tax in state

Share prices of OMCs have taken a beating on both the stock exchanges since Thursday. The Minister expressed confidence about meeting the fiscal deficit target despite the excise duty cut, saying in...

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Iran says oil price rally offsetting U.S. sanctions impact

Iran says oil price rally offsetting U.S. sanctions impact

President Donald Trump pulled the U.S. out of the 2015 nuclear accord, saying it had "failed to achieve the fundamental objective of blocking all paths to an Iranian nuclear bomb" and did not deal w...

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Indian rupee collapses to 73.77 against Dollars

Indian rupee collapses to 73.77 against Dollars

The benchmark 10-year bond yield hit 8.2 per cent in early trade against the previous close of 8.11 per cent. The domestic currency closed at a record low of 73.34, down by 43 paise or 0.59 per cent...

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Trump rewrites rules of trade with new deal

Trump rewrites rules of trade with new deal

U.S. president Donald Trumps says the agreement was "truly historic". In the end, Trudeau made a concession on Trump´s biggest demand, agreeing to ease barriers to entry in Canada´s protected d...

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China denounces 'ridiculous' USA claims of election meddling

China denounces 'ridiculous' USA claims of election meddling

China hit back furiously on Friday, branding Pence's accusation as "ridiculous", groundless and slanderous. Vice President Mike Pence on Thursday accused China of military aggression, commercial...

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China slams 'ridiculous' US Vice President Pence's election meddling charges

China slams 'ridiculous' US Vice President Pence's election meddling charges

Scott Kennedy, a senior fellow with the Washington-based think tank the Centre for Strategic and International Studies, said Pence's speech was the most comprehensive statement the Trump administrat...

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This is a Big Win for Wisconsin's Dairy Farmers

This is a Big Win for Wisconsin's Dairy Farmers

President Donald] Trump has turned the absurdity of American dairy, a system that needs reform to survive, into a talking point to help Republicans in the upcoming byelection". "Unto themselves, the...

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China spying on Apple, Amazon and over 20 other companies

China spying on Apple, Amazon and over 20 other companies

Such agreements and orders are typical for companies that are involved in investigations by the government into matters of national security. Representatives of Apple, the Federal Bureau of Investigat...

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Replacing NAFTA: what it means for the US | Leadership

Replacing NAFTA: what it means for the US | Leadership

The official says the agreement preserves a NAFTA dispute-resolution process that the US wanted to jettison. At the crux of the DFC concerns is the news that although Canada's supply management ...

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

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

The most-active December Brent crude futures contract LCOv1 settled up 59 cents at $81.38 a barrel, below the session high of $81.90 but still within sight of Tuesday's four-year high of $82.55. And, ...

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Tesco opens first discount store to take on Lidl and Aldi

Tesco opens first discount store to take on Lidl and Aldi

The emphasis on the discount could also increase the pressure on the profit margins of Tesco, at a time when the group is on track to achieve the recovery engaged since 2016 by its ceo Dave Lewis, aft...

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Sanders congratulates Bezos on $15 minimum wage

Sanders congratulates Bezos on $15 minimum wage

While it's unclear if Amazon's move was a direct response to the introduction of the bill , the raise means Amazon would no longer be subject to it - companies that pay at least US$15 per hour or mor...

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GE replaces CEO Flannery as Power unit continues to struggle

GE replaces CEO Flannery as Power unit continues to struggle

The dismissal ended Flannery's push to modernize GE after just a year in office. The once mighty conglomerate, long a standard-bearer of United States industrial preeminence, is still working to rig...

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Tesla chart shows plunge, surge related to SEC lawsuit

Tesla chart shows plunge, surge related to SEC lawsuit

According to the SEC, "no disclosure controls or procedures" were put in place "to determine whether Musk's tweets contained information required to be disclosed in Tesla's SEC filings". "The real w...

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Amazon vows to be advocate for better pay in US

What's more, Amazon (amzn)-the second-largest private-sector employer in the US -is now lobbying the government to increase the federally-mandated minimum wage, set nine years ago, from $7.25 an hour....

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