Thursday September 19-th, 2019

Govt approves easier Angel Tax exemption process for start-ups Govt approves easier Angel Tax exemption process for start-ups

The changes will be made to conditions specified for benefits under Section 56 (2)(vii)(b) of the Income Tax Act, 1961, to remove any ambiguity and allow exemption for past as well as proposed investments that do not exceed Rs 10 crore, including pai...

Government survives Corbyn’s confidence vote by 19 votes Government survives Corbyn’s confidence vote by 19 votes

It is expected to take several hours for all the votes to be received and counted, with early estimates suggesting a result time of 10pm. She confirmed her party's 10 MPs would vote against the withdrawal deal. Mr Corbyn continued to attack Mrs May...

Huawei faces USA criminal investigation for stealing T-Mobile technology Huawei faces USA criminal investigation for stealing T-Mobile technology

T-Mobile claimed in its filing related to the civil suit, that Huawei employees started asking T-Mobile about "Tappy", with some of the questions related to proprietary technology used to create the robot. The Justice Department didn't immediately re...

For now, Sears will keep its remaining stores open and avoid liquidation For now, Sears will keep its remaining stores open and avoid liquidation

The WSJ reports Sears Holdings Corp Chairman Eddie Lampert won a bankruptcy auction for the department store chain with a takeover bid of $5.2 billion. Here's a full list of Sears locations in Ohio . They also questioned the propriety of certain d...

Volkswagen to invest $800 million, build new electric vehicle in US Volkswagen to invest $800 million, build new electric vehicle in US

Volkswagen is establishing a worldwide production network for electric cars and intends to have eight MEB plants on three continents by 2022. So far, VW's first designs, such as the I.D. BUZZ concept-the reinterpretation of the legendary VW bus. "...

16-year-old dies after falling from Royal Caribbean cruise ship 16-year-old dies after falling from Royal Caribbean cruise ship

Mercer was in the middle of a seven-day Caribbean trip with his family when the accident occurred, according to the Sun Sentinel . Mercer was on the eighth floor of Royal Caribbean's Harmony of the Seas ship, the Broward Medical Examiner's Offic...

M&S names next 17 stores it wants to close M&S names next 17 stores it wants to close

M&S said this week it has begun consulting with 41 staff at Newark over plans to shut the store this year. The company will now consult staff and listen to any alternative suggestions from them for how to keep the stores open. "This Government has ...

Brexit deal: Find out whether your MP voted as you wanted Brexit deal: Find out whether your MP voted as you wanted

Many Conservatives on her side who voted against the Brexit deal on Tuesday quickly said they'd support her leadership. The first step would be to extend Britain's departure date, although European Union diplomats warn this would only be for a ...

Saudi energy minister concerned about oil price volatility | AP business Saudi energy minister concerned about oil price volatility | AP business

On market concerns, al-Falih said the oil market is on the right track and will soon return to balance. "I am sure as they did in 2017, ultimately they will catch up and will be a positive contributor to rebalancing oil markets". United States crude ...

Brexit deal result: Theresa May’s plan rejected by MPs in parliament Brexit deal result: Theresa May’s plan rejected by MPs in parliament

But in his speeches in Tuesday night's Brexit debate, Corbyn made no reference to a second referendum and his spokesman said that the party would consider demanding more than a confidence vote before accepting that it could not force a general ele...

Huawei founder breaks silence to deny espionage charges Huawei founder breaks silence to deny espionage charges

Huawei is facing heightened scrutiny as phone carriers prepare to roll out fifth-generation technology in which Huawei is a leading competitor. Huawei has plenty of opportunities even if it faces higher barriers in some markets, Ren said.

This is Cadillac’s first fully electric auto This is Cadillac’s first fully electric auto

More importantly, the platform promises flexibility: front, rear or all-wheel drive, and varying power outputs dependant on the vehicle and customer. That platform, GM said, will allow the company "to respond quickly to customer preferences with a ...

How Europe Reacted To Brexit Deal Defeat How Europe Reacted To Brexit Deal Defeat

Many pro-EU politicians want a choice between leaving on the proposed terms and staying in the European Union, but others say leaving without a deal should also be an option. Sterling had tanked to a near two-year low soon after the expected defeat b...

USA shutdown: Trump rejects potential way out of crisis USA shutdown: Trump rejects potential way out of crisis

No cracks were apparent in the president's deadlock with lawmakers after a weekend with no negotiations at all. The US Capitol is seen as the federal government is in a partial shutdown. He stressed that argument repeatedly during Monday's speech a...

Ford, VW advance alliance plans on vans, pickups Ford, VW advance alliance plans on vans, pickups

Cooperating with an American company also makes sense for Volkswagen - which is based in Wolfsburg, Germany, and owns the Volkswagen , Porsche, Audi, Skoda and other brands - because the regulatory conditions for preparing the start of widespread ...

USA crude drops 2.1%, settling at $50.51, pressured by bearish China data USA crude drops 2.1%, settling at $50.51, pressured by bearish China data

China, Asia's biggest economy, faces rising trade uncertainties this year, a commerce ministry official said on Wednesday, after the government earlier this week reported poor December trade data, with both exports and imports contracting from a ...

McDonald's loses Big Mac EU trademark battle McDonald's loses Big Mac EU trademark battle

In a landmark judgment by the European Union Intellectual Property Office (EUIPO), the office said that McDonald's had not proven genuine use of the contested trademark as a burger or as a restaurant name. The decision said the company can still appe...

MI cities make the list for the most bugs according to Orkin MI cities make the list for the most bugs according to Orkin

Baltimore has once again earned the unsavory designation as the country's worst city for bed bug infestations, according to an annual list published by the pest control company Orkin. This is a common way for bed bugs to be introduced into homes. Kee...

U.K. Lawmakers Overwhelmingly Reject Theresa May's Brexit E.U. Divorce Deal U.K. Lawmakers Overwhelmingly Reject Theresa May's Brexit E.U. Divorce Deal

British Prime Minister Theresa May has unloaded on Labour chief Jeremy Corbyn , accusing her left-wing opponent of shirking his responsibility as opposition leader and flip-flopping on key issues. Outside parliament, there was something approachin...

European Union letter in full: What assurances have been offered for Brexit? European Union letter in full: What assurances have been offered for Brexit?

The Irish government will circulate new memos building on a document released in December detailing its plans . Asked if people should make their own individual preparations, Mr Miles said: "No". "From that date, in the event that there is no EU Ex...

The Times view on today's Brexit vote: Chaos Ahead

The Prime Minister has exchanged letters with European Union leaders Donald Tusk and Jean-Claude Juncker over the Irish backstop arrangement. She warned her Remain-supporting opponents that if her deal is defeated tomorrow, that could mean leaving ...

Ex-Nissan chief's wife slams 'harsh' detention conditions Ex-Nissan chief's wife slams 'harsh' detention conditions

Former Nissan chief Carlos Ghosn's wife has alleged that he is being held under "harsh" conditions and subjected to round-the-clock interrogations meant to extract a confession. "I urge Human Rights Watch to highlight his case... to press the g...

P&G Urges Men to Lose Their 'Toxic Masculinity' in Gillette Razor Ad P&G Urges Men to Lose Their 'Toxic Masculinity' in Gillette Razor Ad

Reactions to the commercial have been mixed, and predictably extreme. The two minute ad, which released on Sunday night, has ignited a heated debate, with many people praising its message, but others criticising it for "insulting" men. "As a compan...

Volkswagen Passat refresh focuses on style Volkswagen Passat refresh focuses on style

The Passat has always had plenty of interior room, and thankfully, that hasn't changed. So, while the architecture of the auto remains the same, the styling has been revamped completely. Front-wheel drive is also standard. The Volkswagen Car-Net Ap...

China Oil Imports Up 30% In December, Gas Imports Hit Record

China, the world's top soybean buyer, usually sources the bulk of its oilseed imports from the U.S.in the final quarter of the year when the US harvest comes to market. China's surplus is the U.S.'s trade deficit. But nearly all of the December shipm...

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