Saturday January 29-th, 2022

Iran's Revolutionary Guards warn of 'harsher revenge' after strikes on USA targets Iran's Revolutionary Guards warn of 'harsher revenge' after strikes on USA targets

Two U.S. officials said Thursday it was "highly likely" that an Iranian anti-aircraft missile downed a Ukrainian jetliner on Wednesday, killing all 176 people on board, including 63 Canadians. Ali Azimi, a 41-year-old engineer, said Iran's retaliat...

Bulgarian economy to grow by 3% in 2020 Bulgarian economy to grow by 3% in 2020

This is in line with the RBI's and the government's latest projection of 5 per cent growth rate for 2019-20. The World Bank on Wednesday lowered its growth estimate for India to 5 per cent for the current fiscal from the earlier projection of 6 per...

China's CPI up 2.9 pct in 2019 China's CPI up 2.9 pct in 2019

China's consumer inflation steadied in December while factory price declines moderated, leaving room for monetary easing to cement a recent stabilization in economic growth. Beijing announced in September it would lift punitive tariffs imposed on Ame...

Ring confirms it fired four employees for watching customer videos Ring confirms it fired four employees for watching customer videos

Amazon-owned Ring has been at the centre of a few privacy scandals, and now, it's quietly revealing to lawmakers the exact number of employees it's fired in recent years because they abused their access to user video data. Amazon said it wouldn't req...

Uber passengers can now choose 'favorite drivers' in California Uber passengers can now choose 'favorite drivers' in California

Uber, Lyft and similar services that use freelancers are reexamining their business models after a California law took effect January 1 setting out definitions for who is a full-time employee and who is a contract worker - a potential threat to the...

Apple’s services division delivered record-breaking revenue in 2019

Apple shares hit a new high on Wednesday after the company said customers spent a record amount in its App Store during the final days of the holiday season. Beyond the App Store , Apple leaned heavily into services in 2019, launching Apple Arcad...

Gold drops from 7-year highs as US-Iran worries abate Gold drops from 7-year highs as US-Iran worries abate

Gold then pared gains after Iran's foreign minister Javad Zariff said that the attack "concluded measures in self-defense" and that Iran does "not seek escalation of war but will defend ourselves against any aggression". United States gold futures...

China Says Its Official Will Sign Trade Deal In US Next Week China Says Its Official Will Sign Trade Deal In US Next Week

The US launched a trade war against Beijing a year and half ago over allegations of unfair trade practices, such as theft of US intellectual property and subsidies that unfairly benefit Chinese state-owned companies. The move could make it harder f...

PM Modi meets economists, industry experts ahead of Budget 2020 PM Modi meets economists, industry experts ahead of Budget 2020

The minister was also missing from a meeting on Monday between the Prime Minister and top industrialists. While PM's meeting began at 1 pm, FM's interaction with party leaders began at 12.30 pm. This isn't the first time Tharoor was poking the fina...

It’s almost IRS tax season: Here’s when you can start filing returns It’s almost IRS tax season: Here’s when you can start filing returns

The annual report from the Office of Taxpayer Advocate found that in the 2019 fiscal year, among other problems, the IRS was late in sending legitimate refunds to many taxpayers and failed to answer the majority of phone calls from taxpayers.

Minimum wage increase goes into effect in IL Minimum wage increase goes into effect in IL

The youth minimum wage rate will gradually rise to $13 an hour by January 1, 2025. About one in five workers aged over 24 was paid below the legal minimum in 2016, but that rose to one in four a year ago with about 365,000 people missing out.

Inside Carlos Ghosn's 'impossible' scheme to escape Japan Inside Carlos Ghosn's 'impossible' scheme to escape Japan

Hironaka had opted not to hand over the computer of his own volition and did not allow the investigators to enter his office, Ghosn's defense team said. Still, at the same time , Ghosn affirmed his affection for Japan and the Japanese people, claimi...

'Millions' strike in protest at Indian government policies 'Millions' strike in protest at Indian government policies

Lakhan Mahato, general secretary, United Coal Workers Union said their strike is on despite a call from Coal India Ltd management to not go on strike. Kerala's Left Democratic Front government has also opposed the strike. While the strike will hit ...

Iran retaliates with missile attack on numerous Iraqi bases housing USA troops Iran retaliates with missile attack on numerous Iraqi bases housing USA troops

U.S. President Donald Trump tweeted hours later that an assessment of casualties and damage was taking place, but that "So far, so good!" The attack reportedly occurred at the exact same time that Soleimani, who was terminated by a USA drone stri...

Oil prices drop amid US-Iran tensions Oil prices drop amid US-Iran tensions

U.S. West Texas Intermediate CLc1 crude was up 22 cents at $63.27 a barrel after hitting $64.72, its highest since April. Oil pared gains during the session. President Donald Trump reiterated threats of retaliation should Iran "do anything" and vowed...

Oil up, stocks down after Iran missile attack on U.S. troops Oil up, stocks down after Iran missile attack on U.S. troops

The escalation in US-Iran conflict has sent shockwaves in global financial markets as oil prices spiked further after Tehran launched missile attacks on US forces in Iraq, Reuters reported Wednesday. Rising tensions between the United States and ...

Carmaker Rolls-Royce annual sales surge 25% Carmaker Rolls-Royce annual sales surge 25%

Rolls-Royce is rolling into the New Year with stronger sales than ever. With these results, Rolls-Royce continues to make a meaningful contribution to the overall performance of its shareholder, BMW Group. The company said that it expects sales to ...

At 5%, GDP growth to hit 11-year low in FY20 At 5%, GDP growth to hit 11-year low in FY20

That's lower than the 11.5% nominal growth the government forecast in its budget in July. Moreover, first advance estimates may also be inaccurate as the table below shows. Joshi, chief economist at Crisil Ltd. Commenting on the data, ICRA prin...

Oil Prices Climb Sharply After Iran Launches Attacks

Crude prices retreated earlier this week on hopes that energy supplies won't be impacted by the tensions. Tweets by U.S. President Donald Trump and Iran's foreign minister also appeared to signal a period of calm - for now. "All is well!" Trump said ...

Ikea to pay $46M to family of child killed by dresser Ikea to pay $46M to family of child killed by dresser

It's not the first time one of Ikea's dressers has crushed a child to death, but little Jozef was the first child to die after Ikea announced a recall of millions dressers in 2016, USA Today reported. But "like so many others, the Dudeks were unawa...

Oil rises above $70 amid US, Iran face-off

Marija Veitmane, a senior strategist at State Street, said she sticks to her expectation of a slight improvement in economic and earnings outlook. We saw a similar move in September after Iran attacked Saudi oil production facilities. Iran has vowe...

Statistics Canada says merchandise deficit was $1.1 billion in November Statistics Canada says merchandise deficit was $1.1 billion in November

The median estimate of economists surveyed by Bloomberg called for a shortfall of US$43.6 billion. Economists had expected a deficit of $1.15 billion, according to financial markets data firm Refinitiv. Imports from China declined to $36.46 billion...

India's GDP forecast pegged at 5% India's GDP forecast pegged at 5%

The NSO data further revealed that deceleration in growth will also be witnessed in other key segments, like agriculture; electricity; gas and water supply; trade; hotel and transport sector; financial; real estate; and professional services.

Burger King Launches New Plant-Based Rebel Whopper In The UK Burger King Launches New Plant-Based Rebel Whopper In The UK

Ahead of the United Kingdom release, Veganuary spokesperson Toni Vernelli played down the significance of the fact that the meatless patty is prepared on the same broiler as meat products, suggesting that the Rebel Whopper is more designed for flex...

YouTube rolls out major reforms to 'protect' children

YouTube on Monday rolled out a series of changes to its content policies aimed at protecting children on the platform in an effort to appease federal regulators who fined the company millions for alleged privacy violations previous year. The settlem...

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