Business

China orders more lending to entrepreneurs amid trade spat

The People's Bank of China (PBoC ) has cut the reserve requirement ratio (RRR) for most banks by 100bps, effective from October 15. But the central bank ma...


Pakistan says it will seek International Monetary Fund bailout as reserves dwindle

The International Monetary Fund (IMF) estimates that Iran's economy fell into a recession this year that will get worse next year as a result of renewed US san...


India may continue to import oil from Iran, says Petroleum Minister

File image of Dharmendra Pradhan . US sanctions targeting Iran's crude oil exports come into force from November 4, with Washington ratcheting up the pre...


Oil price drops to $83 on signs of Iran’s exports

After a consecutive fall in the last few weeks, the USA oil inventories saw an uptick in the last reported data which also contributed towards the softening in ...


[H]ardOCP: Amazon Workers Lose Monthly Bonuses, Stock Awards as Minimum Wage Increases

Amazon can afford to make all workers whole and should do that". "We listened to our critics, thought hard about what we wanted to do, and decided we want to le...


Why Jaguar Land Rover is idling its UK assembly plant

Chinese sales almost halved, falling 46.2 per cent, with JLR blaming import duty changes and trade tensions for hurting consumer appetite. Sales of Jaguar bra...


Asad Umar to attend annual IMF, World Bank meetings in Indonesia

The IMF said with interest rates in advanced economies expected to increase from current still-accommodative levels and with trade tensions rising, emerging...


India will break United States sanctions and keep importing Iranian oil

The minister's comments come before the U.S. sanctions on Iran kick in from November 4. Iran has warned that if it were not able to export its crude oil throu...


Italy's Mateo Salvini attacks Juncker, hopes for change in 2019

Mr Salvini said: "People like Juncker and Moscovici have ruined Europe and our country". "He should drink two glasses of water before opening his mouth, a...


Apple tells Congress it was never hacked by Chinese spy chips

The report claimed that in addition to Apple and Amazon, Super Micro manufactured equipment for the United States defence department's data centres and other ...


Two Indian companies to buy Iranian oil in November: Dharmendra Pradhan

The official said the administration "is ready to work with countries that reduce their imports on a case-by-case basis". The official, speaking on the condit...


Facebook cloning hoax: Users duped by viral message

But not to fear, Facebook accounts are not really being cloned. A Facebook clone means a spammer has created a new account under your name, often times using ...


Officials warn about viral Facebook message hoax

And you didn't receive a request from the person you're forwarding it to. The office says to not do what it says and to simply ignore the message. "I actually...


Fuel prices hiked yet again

In the national capital, petrol is priced at Rs 82.03 per litre, while diesel rates have now escalated to Rs 73.82 following the revision. After lowering sa...


JBS Tolleson recalls almost 7 million pounds of raw beef

These items were shipped to retail locations and institutions nationwide. The Salmonella bacteria, shown here in a microscopic image, has prompted the recal...


News in brief U.S. considering waivers on Iran oil sanctionsReuters, Washington

In its submission to the court, Iran argued that the U.S. had violated both the terms of a 1955 bilateral friendship treaty, the Treaty of Amity, and a core pro...


Tsukiji, Tokyo's famed fish market, closes down after 83 years

But it had become dilapidated and unsanitary, city officials said in planning the move to a new site in Toyosu, a man-made island in Tokyo Bay. Hundreds of ...


Unilever backs down on Dutch HQ move after British investor revolt

Unilever first announced plans to simplify the business from two legal entities into a single one, incorporated in Rotterdam, in March. Unilever announced in ...


Popeyes introduces luxurious gold-coated chicken wings

The meal includes six boneless wings, a side, and a biscuit. "We are thrilled to open our 3,000th restaurant and have even more guests enjoying our incredible...


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

In a note to clients Friday morning, CIBC senior economist Royce Mendes said the "wild ride that is the Labour Force Survey (LFS) continued in September". Men...


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