Money
President Trump Cancels Federal Workers Pay Raises
- September 03, 2018
Last year, the White House announced a federal pay raise of 1.9 percent for civilian employees and a 2.1 percent pay raise for the military. In a letter to congressional leaders, Trump said the government would forgo a 2.1 percent pay increase for federal workers due January 1 and specified that there would be no across-the-board increase for 2019. (more...)
- September 03, 2018
Last year, the White House announced a federal pay raise of 1.9 percent for civilian employees and a 2.1 percent pay raise for the military. In a letter to congressional leaders, Trump said the government would forgo a 2.1 percent pay increase for federal workers due January 1 and specified that there would be no across-the-board increase for 2019. (more...)
Kenya, Britain join forces in fight against paedophilia
- September 03, 2018
The cyber centre project is linked to Kenya's existing anti-human trafficking and child protection unit, which involves the UK's National Crime Agency. May met with President Uhuru Kenyatta on the last stop of her three-country Africa tour, which also included South Africa and Nigeria, the continent's top economies. (more...)
- September 03, 2018
The cyber centre project is linked to Kenya's existing anti-human trafficking and child protection unit, which involves the UK's National Crime Agency. May met with President Uhuru Kenyatta on the last stop of her three-country Africa tour, which also included South Africa and Nigeria, the continent's top economies. (more...)
Barnier warns Irish backstop deal is urgent to unlock Brexit
- September 02, 2018
Positive signals from London and Brussels over the trade component of European Union divorce talks drove sterling higher against the euro today, though the risk of a no-deal Brexit kept the British currency well off 2018 highs. The European Union's Michel Barnier said it was "possible" to get an agreement in time for a summit of all the bloc's leaders in Brussels on October 18-19, though a delay into November was also possible. (more...)
- September 02, 2018
Positive signals from London and Brussels over the trade component of European Union divorce talks drove sterling higher against the euro today, though the risk of a no-deal Brexit kept the British currency well off 2018 highs. The European Union's Michel Barnier said it was "possible" to get an agreement in time for a summit of all the bloc's leaders in Brussels on October 18-19, though a delay into November was also possible. (more...)
Argentina hikes interest rate to 60%; Peso plunges
- September 02, 2018
The peso, which has lost over half its value against the United States dollar since the start of the year, plunged more than 15 percent following news of the rate hike. Lagarde said. The country has $24.9 billion in peso- and foreign currency-denominated debt payments next year. The country's opposition blames Mr Macri's centre-right policies, including the end of capital controls and cuts to social programmes, for the economic crisis. (more...)
- September 02, 2018
The peso, which has lost over half its value against the United States dollar since the start of the year, plunged more than 15 percent following news of the rate hike. Lagarde said. The country has $24.9 billion in peso- and foreign currency-denominated debt payments next year. The country's opposition blames Mr Macri's centre-right policies, including the end of capital controls and cuts to social programmes, for the economic crisis. (more...)
Warren Buffett calls Apple’s $1,000 iPhone ‘enormously underpriced’
- September 02, 2018
One97 Communications , which owns India's largest payments player Paytm , confirmed the investment by Berkshire Hathaway in the company on Tuesday adding that it is an "endorsement from world's most respected investor for Paytm's journey, and India's long-term growth story". (more...)
- September 02, 2018
One97 Communications , which owns India's largest payments player Paytm , confirmed the investment by Berkshire Hathaway in the company on Tuesday adding that it is an "endorsement from world's most respected investor for Paytm's journey, and India's long-term growth story". (more...)
After Bitcoin Futures, CBOE Announces Ether Futures By End of 2018
- September 02, 2018
There is expectation in the market that CBOE may launch Ethereum (ETH) futures by the end of 2018 if USA regulators approve its product. By this logic, ETH futures trading will provide an opportunity for bears to short Ether. CBOE is already in the hunt for a Bitcoin Exchange Traded Fund (ETF), with a CBOE filed ETF application to be discussed in September. In recent times, it has emerged that between CFTC and the Securities and Exchange Commission ( SEC ), the former has a more ... (more...)
- September 02, 2018
There is expectation in the market that CBOE may launch Ethereum (ETH) futures by the end of 2018 if USA regulators approve its product. By this logic, ETH futures trading will provide an opportunity for bears to short Ether. CBOE is already in the hunt for a Bitcoin Exchange Traded Fund (ETF), with a CBOE filed ETF application to be discussed in September. In recent times, it has emerged that between CFTC and the Securities and Exchange Commission ( SEC ), the former has a more ... (more...)
Chidambaram expresses scepticism over GDP growth prospects in coming year
- September 01, 2018
In terms of Gross Value Added (GVA), the economy grew at 8 per cent in April-June this year compared with 5.6 per cent in April-June 2017. India's economic growth surged to a more than two-year high of 8.2 percent in the three months through June from a year earlier, powered by a strong performance of manufacturing and consumer spending. (more...)
- September 01, 2018
In terms of Gross Value Added (GVA), the economy grew at 8 per cent in April-June this year compared with 5.6 per cent in April-June 2017. India's economic growth surged to a more than two-year high of 8.2 percent in the three months through June from a year earlier, powered by a strong performance of manufacturing and consumer spending. (more...)
US, Canada agreement on NAFTA 2.0 appears to be in reach
- September 01, 2018
The leaders talked about the deal, and Peña Nieto repeatedly expressed interest for Canada to be incorporated into the agreement. "We will only sign a new NAFTA that is good for Canada and good for the middle class". The agreement will require enforcement authorities to stop commercial goods that are suspected of being pirated or counterfeited at all areas of entry and exit between the two countries. (more...)
- September 01, 2018
The leaders talked about the deal, and Peña Nieto repeatedly expressed interest for Canada to be incorporated into the agreement. "We will only sign a new NAFTA that is good for Canada and good for the middle class". The agreement will require enforcement authorities to stop commercial goods that are suspected of being pirated or counterfeited at all areas of entry and exit between the two countries. (more...)
Donald Trump threatens to pull USA out of World Trade Organisation
- September 01, 2018
If the USA withdraws from the WTO, it would potentially have far more significance for the global economy than the escalating trade war with China. In fact, trade has been very much at the top of his agenda since he came to office and this is not the first time he has claimed the US gets a bad deal. (more...)
- September 01, 2018
If the USA withdraws from the WTO, it would potentially have far more significance for the global economy than the escalating trade war with China. In fact, trade has been very much at the top of his agenda since he came to office and this is not the first time he has claimed the US gets a bad deal. (more...)
Rupee Slips to Fresh Record Low of 70.82 Against US Dollar
- August 31, 2018
Concerns about rising inflation on the back of high global crude prices and consistent selling by foreign funds from the equity markets also weighed on the rupee. As early as in May this year, India's Petroleum Minister Dharmendra Pradhan pleaded for " stable and moderate " prices with Saudi Arabia's Energy Minister Khalid al-Falih, as Brent Crude prices briefly broke above $80 a barrel, sending gasoline and diesel prices in India surging to a five-year-high, also due to a weakening rupee ... (more...)
- August 31, 2018
Concerns about rising inflation on the back of high global crude prices and consistent selling by foreign funds from the equity markets also weighed on the rupee. As early as in May this year, India's Petroleum Minister Dharmendra Pradhan pleaded for " stable and moderate " prices with Saudi Arabia's Energy Minister Khalid al-Falih, as Brent Crude prices briefly broke above $80 a barrel, sending gasoline and diesel prices in India surging to a five-year-high, also due to a weakening rupee ... (more...)
GDP growth touches 8.2% in Q1FY19; July core sector growth at 6
- August 31, 2018
The growth rate exceeded Street expectations, as a Reuters poll of economists had projected it to come at 7.6 per cent. He also gave a tabulated data showing that the GDP was 8.1 per cent in the first quarter of 2016-17, which declined to 7.6 per cent in the second quarter, declining further to 6.8 per cent and 6.1 per cent in the third and fourth quarter of 2016-17. (more...)
- August 31, 2018
The growth rate exceeded Street expectations, as a Reuters poll of economists had projected it to come at 7.6 per cent. He also gave a tabulated data showing that the GDP was 8.1 per cent in the first quarter of 2016-17, which declined to 7.6 per cent in the second quarter, declining further to 6.8 per cent and 6.1 per cent in the third and fourth quarter of 2016-17. (more...)
Coca-Cola to buy UK coffee chain Costa for $5.1 billion
- August 31, 2018
But on Friday the company said a sale of the business is now "in the best interests of shareholders". Shares in Whibread surged nearly 20% on the news , adding more than £1bn to the group's stock market value, as analysts said the price was substantially higher than expected. (more...)
- August 31, 2018
But on Friday the company said a sale of the business is now "in the best interests of shareholders". Shares in Whibread surged nearly 20% on the news , adding more than £1bn to the group's stock market value, as analysts said the price was substantially higher than expected. (more...)
Tesla vehicle flies more than 100 feet through the air
- August 31, 2018
This is the startling moment a Tesla vehicle loses control and becomes airborne before crashing into an elementary public school in Ontario, Canada . "Both he and a passenger were treated for minor injuries". Barrie Today reports‚ the driver has been charged with unsafe driving. Then the auto crashed down in the oncoming lane 100 feet away before hitting a tree. (more...)
- August 31, 2018
This is the startling moment a Tesla vehicle loses control and becomes airborne before crashing into an elementary public school in Ontario, Canada . "Both he and a passenger were treated for minor injuries". Barrie Today reports‚ the driver has been charged with unsafe driving. Then the auto crashed down in the oncoming lane 100 feet away before hitting a tree. (more...)
Trump cancels pay raise due federal workers in January
- August 31, 2018
It's not clear if Trump would approve a budget that includes the pay increase; the White House has not issued a formal veto threat of the Senate's bill. "Our public servants have been getting shortchanged for years; including three years of pay freezes under the Obama administration". As noted in my Budget for Fiscal Year 2019, the cost of employing the Federal workforce is significant. (more...)
- August 31, 2018
It's not clear if Trump would approve a budget that includes the pay increase; the White House has not issued a formal veto threat of the Senate's bill. "Our public servants have been getting shortchanged for years; including three years of pay freezes under the Obama administration". As noted in my Budget for Fiscal Year 2019, the cost of employing the Federal workforce is significant. (more...)
Facebook Watch Video-On-Demand Service is Rolling Out Globally
- August 31, 2018
A year ago, Facebook launched Watch for its U.S. users, but today, the social media giant announced that Watch is available globally, so everyone can discover new content and interact with each other. You can also access Watch on Apple TV, Samsung Smart TV, Amazon Fire TV, Android TV, Xbox One, and Oculus TV. Watch is a proper YouTube competitor and one of the ways YouTube attracts creators is being able to share revenues with them. (more...)
- August 31, 2018
A year ago, Facebook launched Watch for its U.S. users, but today, the social media giant announced that Watch is available globally, so everyone can discover new content and interact with each other. You can also access Watch on Apple TV, Samsung Smart TV, Amazon Fire TV, Android TV, Xbox One, and Oculus TV. Watch is a proper YouTube competitor and one of the ways YouTube attracts creators is being able to share revenues with them. (more...)
Kinder Morgan shareholders vote to sell Trans Mountain pipeline
- August 31, 2018
Specifically, Justice Eleanor Dawson wrote in the court's Thursday decision that the National Energy Board, which was responsible for reviewing the project prior to government approval, didn't properly account for oil tankers that would be brought to the Pacific coast of British Columbia to take the oil from the pipeline. (more...)
- August 31, 2018
Specifically, Justice Eleanor Dawson wrote in the court's Thursday decision that the National Energy Board, which was responsible for reviewing the project prior to government approval, didn't properly account for oil tankers that would be brought to the Pacific coast of British Columbia to take the oil from the pipeline. (more...)
JetBlue to price $30 for first checked win; will others practice?
- August 30, 2018
JetBlue told Forbes that part of that service is that it still offers the most legroom in coach, free snacks, live television, and more. Today, Southwest Airlines is the lone US carrier that has free checked baggage for all passengers. (more...)
- August 30, 2018
JetBlue told Forbes that part of that service is that it still offers the most legroom in coach, free snacks, live television, and more. Today, Southwest Airlines is the lone US carrier that has free checked baggage for all passengers. (more...)
Vodafone bets on $8 billion merger to boost Australia business
- August 30, 2018
TPG and Vodafone Hutchison Australia have announced that they will proceed with their merger to form a telecommunications giant that they say will have an enterprise value of approximately AU$15 billion. It said Vodafone had about six million mobile subscribers at the moment while TPG had a fixed-line subscriber base of 1.9 million. "The merger with Vodafone represents an exciting step-change in TPG's evolution, and will benefit both our shareholders and Australian consumers alike", Teoh said. (more...)
- August 30, 2018
TPG and Vodafone Hutchison Australia have announced that they will proceed with their merger to form a telecommunications giant that they say will have an enterprise value of approximately AU$15 billion. It said Vodafone had about six million mobile subscribers at the moment while TPG had a fixed-line subscriber base of 1.9 million. "The merger with Vodafone represents an exciting step-change in TPG's evolution, and will benefit both our shareholders and Australian consumers alike", Teoh said. (more...)
Elon Musk Won't Attend Burning Man Amid Tesla Turmoil
- August 29, 2018
A spokesperson for Tesla issued a statement to Reuters welcoming the Ontario judge's ruling. Elon Musk has doubled down on the comments he made against the British diver who helped rescue a Thai football team from a flooded cave , querying why Vernon Unsworth had not sued him after the billionaire called him a paedophile. (more...)
- August 29, 2018
A spokesperson for Tesla issued a statement to Reuters welcoming the Ontario judge's ruling. Elon Musk has doubled down on the comments he made against the British diver who helped rescue a Thai football team from a flooded cave , querying why Vernon Unsworth had not sued him after the billionaire called him a paedophile. (more...)
99.30% Of Demonetised Money Returns to RBI, Report Shows
- August 29, 2018
The detection of counterfeit notes in the Rs 50 and Rs 100 denomination witnessed a record high in 2017-18 compared with two preceding fiscals, the RBI announced on Wednesday. Prime Minister Narendra Modi's decision to ban high-value currency notes of Rs 500 and Rs 1000, along with the introduction of the goods and services tax (GST) previous year, acted as a drag on the Indian economy. (more...)
- August 29, 2018
The detection of counterfeit notes in the Rs 50 and Rs 100 denomination witnessed a record high in 2017-18 compared with two preceding fiscals, the RBI announced on Wednesday. Prime Minister Narendra Modi's decision to ban high-value currency notes of Rs 500 and Rs 1000, along with the introduction of the goods and services tax (GST) previous year, acted as a drag on the Indian economy. (more...)
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Facebook: No digital currency until regulator concerns addressed