Money


International Monetary Fund cuts India’s FY20 growth forecast to 4.8% International Monetary Fund cuts India’s FY20 growth forecast to 4.8%
- January 20, 2020

The latest edition of the IMF's bi-annual forecast is timed to coincide with the World Economic Forum (WEF)'s annual meeting in Davos , which begins tonight in Switzerland. The first estimated growth of real GVA (gross value added) in 2019-20 stood 4.9 per cent as against 6.6 per cent in 2018-19, it added. "Importantly, even if downside risks appear to be somewhat less salient than in 2019, policy space to respond to them is also more limited", read the report. (more...)
Buhari heading to London for a summit - first foreign trip in 2020 Buhari heading to London for a summit - first foreign trip in 2020
- January 20, 2020

The summit, which brings together 21 African countries with the United Kingdom and African companies, is one of those avenues the United Kingdom is seeking to endear itself more closely to Africa as it nears its complete exit from the European Union. (more...)
Twitter CEO Jack Dorsey Asked Elon Musk How to Fix His Platform Twitter CEO Jack Dorsey Asked Elon Musk How to Fix His Platform
- January 20, 2020

According to a video posted to Twitter by an employee, Dorsey said via a video call from a company meeting in Houston: "Give us some direct feedback". But occasionally the poisoning originates from Twitter individuals likeMusk Last year, he was taken to court for calling British caver Vernon Unsworth a "pedo guy" onTwitter Unsworth had actually assisted rescue 12 young boys and also their football instructor from a swamped Thai cavern in 2015. (more...)
Royal Caribbean: Chloe Weigand's Grandfather Knew Window Was Open Before Dropping Her Royal Caribbean: Chloe Weigand's Grandfather Knew Window Was Open Before Dropping Her
- January 19, 2020

The family of Chloe Wiegand , the 18-month-old IN girl who fell to her death from the 11th storey of a cruise ship IN Puerto Rico , supplied this photo of the scene inside the Freedom of the Seas. Michael Winkleman, an attorney for the Wiegands, has since called Royal Caribbean's motion to dismiss "baseless". Royal Caribbean said in its court motion that "the death of Chloe Wiegand is a sad tragedy", but grandfather is exclusively responsible. (more...)
Statement on Amazon misconstrued, says Piyush Goyal Statement on Amazon misconstrued, says Piyush Goyal
- January 19, 2020

In a 30-minute fireside chat with Bollywood star Shah Rukh Khan and film director Zoya Akhtar, Bezos said that the company's video streaming platform is doing the best in India as compared to any other country in the world. That was followed on Friday by a proposal to create 1 million jobs in India by 2025. In 2018, India introduced laws barring foreign-owned e-commerce businesses from selling their own inventory and requiring them to be neutral marketplaces, forcing companies such as Amazon ... (more...)
World's Second-Biggest Diamond in History Bought by Louis Vuitton World's Second-Biggest Diamond in History Bought by Louis Vuitton
- January 19, 2020

Louis Vuitton has bought the world's second-largest diamond - 1, 758-carat gem - known as the Sewelo diamond. Louis Vuitton Moët Hennessy has taken a gamble with the 1758 carat stone that is covered with carbon and looks like a lump of coal. (more...)
'Devil is in the detail' - EU says will check US-China deal 'Devil is in the detail' - EU says will check US-China deal
- January 19, 2020

However, the prime minister was spotted past year using a Huawei cellphone to snap a photo. The European Union's new trade commissioner criticized U.S. There is every chance that emerging economies could get caught up in new global trade tensions, said Gareth Leather at Capital Economics. "He is obsessed with trying to reduce the deficit" and "has gone against the natural instinct of what policy makers have been doing". (more...)
Tesla owners demand Tesla owners demand "sudden unintended acceleration" investigation
- January 19, 2020

The driver alleged that something in Tesla's system "triggered the sudden spontaneously full acceleration, resulting in this collision". He said the timing of the petition is good, because the agency needs to do a "deeper dive" into Tesla safety. (more...)
Kia and Hyundai invest in British EV firm Arrival Kia and Hyundai invest in British EV firm Arrival
- January 19, 2020

Last year Hyundai announced a $35 billion commitment to develop self-driving technology and electric vehicles . Both companies manufacture a range of hybrid and electric models. To ensure a smooth transition, Arrival also tailored their EVs to the expectations of ICE drivers, pricing their vehicles either in the same area as their ICE counterparts, or even below an internal combustion vehicle. (more...)
Mounties set up checkpoint on road to LNG pipeline project Mounties set up checkpoint on road to LNG pipeline project
- January 18, 2020

The statements suggest a continued impasse between the chiefs and the company behind a 670-kilometre pipeline from Chetwynd in northeastern B.C.to LNG Canada's export terminal in Kitimat. Permission to cross the checkpoint has to come from the RCMP's operations commander. However, the RCMP states that the checkpoint is not an exclusion zone. (more...)
Genesis GV80 revealed in its final form Genesis GV80 revealed in its final form
- January 18, 2020

Regardless, the standard GV80 will come with rear-wheel-drive only, though Genesis will also offer an upgrade to all-wheel-drive for interested customers. As an added bonus, the cabin also features active noise cancellation and active air purification technologies. Using digital signal processing, RANC generates sound waves of opposite phases in 0.002 seconds by analysing road noise in real time, dramatically reducing irregular, simultaneous road noise. (more...)
Ghosn's Japan lawyer quits after client's flight to Lebanon Ghosn's Japan lawyer quits after client's flight to Lebanon
- January 18, 2020

Junichiro Hironaka, chief lawyer of the ousted Nissan Motor Co Ltd chairman Carlos Ghosn , attends a news conference in Tokyo , Japan March 4, 2019. The case has cast a harsh light on Japan's justice system, igniting a fierce publicity battle between the former businessman and Justice Minister Masako Mori, who has described Ghosn's criticism as "absolutely intolerable". (more...)
How Morgan Stanley Won Big in Q4 How Morgan Stanley Won Big in Q4
- January 17, 2020

BNP Paribas initiated coverage on Morgan Stanley in a research note on Tuesday, December 3rd. Sandler O'Neill upgraded shares of Morgan Stanley from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a research note on Thursday, October 10th. (more...)
China’s birthrate at its lowest since 1949, population crosses 1.4 bn China’s birthrate at its lowest since 1949, population crosses 1.4 bn
- January 17, 2020

Analysts polled by Reuters forecast China's economy to have grown 6.0% in the October to December period of 2019. China's demographic issues could pose serious issues for the world's second-largest economy when the current working-age population reaches retirement. (more...)
Israeli gas finally reaches Egypt as mega deal bears fruit Israeli gas finally reaches Egypt as mega deal bears fruit
- January 17, 2020

In Tel Aviv, stocks in Ratio Oil Exploration 1992 LP, which has a 15% stake in Israel's biggest gas field, were up 2.7% by 1:14 p.m. Delek Drilling, a partner in the country's two largest reservoirs, climbed 2.4%. The North African country is now exporting one billion cubic feet of gas to Europe every month via 10 shipments, the country's petroleum minister said in remarks published on Wednesday. (more...)
China's GDP growth at 6.1%, lowest in 29 years China's GDP growth at 6.1%, lowest in 29 years
- January 17, 2020

On a quarterly basis, the economy grew 1.5 percent in October-December from the previous three months, in line with expectations. Facing sluggish demand at home and overseas and USA trade pressure, Chinese policymakers have been rolling out a stream of growth boosting measures over the past two years, while trying to contain financial and debt risks. (more...)
Flames apparently shooting from engine force jet to return to Newark Flames apparently shooting from engine force jet to return to Newark
- January 17, 2020

Video recorded by a passenger and posted to Twitter by @gabby_guzy showed flames coming out of the engine under the right wing of the plane. "I didn't know what was happening", Guzy said , WABC reported . "Flight takes off, Right wing of the plane (where I'm sitting in the aisle seat) sparking & now one engine failed", Adamo wrote . The airline was working to get the passengers to Los Angeles . (more...)
Bose To Close HALF of Their Retail Stores Worldwide Bose To Close HALF of Their Retail Stores Worldwide
- January 17, 2020

It will continue to operate about 130 stores throughout China, the United Arab Emirates, India and some Asian countries. In a statement sent to Business Insider, Bose said that it would not disclose how many store employees would lose their jobs. (more...)
Retail Sales Post Solid Advance to Close Moderate 2019 Retail Sales Post Solid Advance to Close Moderate 2019
- January 17, 2020

Americans also spent more at restaurants and bars, with sales rising 0.2% last month. According to the Department of Commerce, in seasonally adjusted terms, USA retail sales volumes increased at a month-on-month pace of 0.3% in December to reach $529.6bn (consensus: 0.2%). (more...)
Toyota and Joby Aviation take flight in a new partnership Toyota and Joby Aviation take flight in a new partnership
- January 16, 2020

Toyota Motor has announced it will collaborate with a U.S. startup that is developing flying taxis. Joby Aviation is developing an electric air taxi that may one day whisk passengers over urban traffic and cut hours long commutes down to just 15 minutes. (more...)

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