Friday January 28-th, 2022

GST Council meet: States' revenue shortfall, compensation to be discussed GST Council meet: States' revenue shortfall, compensation to be discussed

At stake is what are called GST "dues" - essentially compensation by the Centre for any losses that arise due to the transition to the new tax regime. On Tuesday, the Congress accused the Centre of committing a "sovereign default" by not paying GST c...

BTC Turns Red, Risk of More Downsides BTC Turns Red, Risk of More Downsides

Any time price falls to these lows; BTC will resume a fresh uptrend. Following the lead cryptocurrency's rise above the $ 12,400 level, as traders set aside profits, Bitcoin may need to trade lower before rising again, according to analyst Na...

Belarus: Opposition leaders jailed, actors and teachers rally Belarus: Opposition leaders jailed, actors and teachers rally

Mass protests have swept Belarus since August 9, when Alexander Lukashenko declared a landslide victory in a hotly contested presidential election . Wednesday's police action marks the return to force, albeit on a much smaller scale compared to th...

Consumer Confidence Plunges to Six-Year Low Consumer Confidence Plunges to Six-Year Low

Other data Tuesday was more upbeat: New-home sales jumped to the highest since 2006, while a regional measure of manufacturing was the strongest in nearly two years. New orders for key USA -made capital goods increased in July, the Commerce Departmen...

Real estate stocks jump as Maharashtra govt slashes stamp duty to 2% Real estate stocks jump as Maharashtra govt slashes stamp duty to 2%

Currently, Maharashtra charges stamp duty of 5 percent in cities like Mumbai , Pune, Nagpur and Nashik. The cost of owning a home of your own in Maharashtra has come down. In the case of property registration, stamp duty is charged on the transact...

RBI calls for deep-seated, wide-ranging reforms for sustainable growth RBI calls for deep-seated, wide-ranging reforms for sustainable growth

Post-COVID-19, the overwhelming sense is that the world will not be the same again and a new normal could emerge, the Reserve Bank of India ( RBI ) said. Such frauds rose from Rs 71,543 crore in 2018-19 to to Rs 1.85 lakh crore in 2019-20, an incre...

Gold falls on firm dollar as focus turns to Powell speech Gold falls on firm dollar as focus turns to Powell speech

Spot gold was down 0.6% at $1,915.61 an ounce by 1203 GMT. Powell will discuss the Fed's monetary policy framework review on the opening day of the Kansas City Fed's annual central banking conference on Thursday, in a virtual and public format beca...

Flooding Begins in Coastal Louisiana as Category 4 Hurricane Laura Approaches Flooding Begins in Coastal Louisiana as Category 4 Hurricane Laura Approaches

Hurricane Laura is projected to hit the Texas and Louisiana coasts Wednesday night as a major hurricane, according to the National Hurricane Center . While churning in the Gulf of Mexico in recent days, Laura has managed to massively grow in size. ...

How major United States stock indexes fared Tuesday How major United States stock indexes fared Tuesday

The Russell 2000 is down 97.26 points, or 5.8%. The Canadian dollar ditched 0.26 cents to 75.60 cents U.S. CIBC raised the target price on Norbord to $58.00 from $50.00. The change followed Apple's announcement of a four-for-one split of its shar...

Davos meeting delayed to summer 2021 on COVID-19 fears - WEF Davos meeting delayed to summer 2021 on COVID-19 fears - WEF

In June, the World Economic Forum had urged business leaders to join an ambitious initiative to tackle the economic fallout of the coronavirus pandemic and change the face of capitalism. The forum usually brings around 3,000 participants to the S...

Gold falls as US-China trade optimism lifts risk sentiment Gold falls as US-China trade optimism lifts risk sentiment

The trend in United States interest rates will have a key influence on global prospects and investors' appetite for risk, including for emerging market assets such as South Africa. "US economic data continues to paint a mixed picture of the USA econo...

American Airlines plans 19,000 job cuts after U.S. aid ends American Airlines plans 19,000 job cuts after U.S. aid ends

About 17,500 employees will be furloughed, meaning they are eligible to be called back when conditions improve, and 1,500 previously announced cuts to management staff will take effect, the airline said by email Tuesday. Based on current demand lev...

Alibaba shares leap after Ant Group IPO filing Alibaba shares leap after Ant Group IPO filing

In the wake of recent moves by the administration of President Donald Trump to curtail transactions with Chinese tech companies, including Huawei Technologies, ByteDance, Tencent Holdings and Hikvision, Ant warned in its prospectus that it, too, coul...

California court staves off Uber, Lyft shutdown California court staves off Uber, Lyft shutdown

However, the appeals court has not yet intervened in the matter. California is even more important to Lyft, which doesn't operate outside of the United States (US) besides Canada. Similar to the attorney general's lawsuit , the labor commissioner'...

Australia's COVID-19 daily cases creep higher but below record levels Australia's COVID-19 daily cases creep higher but below record levels

Andrews said the current state of emergency in Victoria expired on September 13, but he meant to introduce a bill to parliament to extend that until at least September 2021. There have been 148 new cases of #coronavirus ( #COVID19 ) detected in Vic...

Why KFC is censoring their slogan around the world Why KFC is censoring their slogan around the world

They've also released a new ad featuring a slideshow of KFC's original advertisements emblazoned with the slogan - however, the words "Finger Lickin'" have been blurred out from the catchphrase. In 2012 KFC moved to the tagline "So Good", but return...

Belarusian protesters, defying army, flood Minsk Belarusian protesters, defying army, flood Minsk

Olga Kovalkova and Sergei Dylevsky were detained in the capital, Minsk. As mass demonstrations over a contested presidential election enter a third week in Belarus , tens of thousands of people gathered in the capital and across the country at the...

Canada largely wins WTO case in lumber dispute with U.S. Canada largely wins WTO case in lumber dispute with U.S.

Monday's case, the ninth before the WTO in the lumber dispute, concerned subsidies. Unfortunately, this WTO panel report represents the latest example of judicial overreach within the WTO seeking to undermine the USA trade laws, which makes it hard...

Trump will be thrilled with RNC's first night Trump will be thrilled with RNC's first night

The four-day convention opened at a critical juncture for Trump, 74, who trails Biden, 77 in national opinion polls during a pandemic that has killed https://graphics.reuters.com/HEALTH-CORONAVIRUS-USA/0100B5K8423/index.html more than 176,000 Ameri...

Feds approve $300-per-week boost in unemployment for Washington state jobless Feds approve $300-per-week boost in unemployment for Washington state jobless

The $300 per week will be in addition to regular unemployment benefits. The state agency added that FEMA said it will assess the availability of funds for additional weeks of benefits, and the letter from FEMA said the benefit will extend through Dec...

Rio Tinto Share Price Gains as Firm Stops Short of Sacking Leaders Rio Tinto Share Price Gains as Firm Stops Short of Sacking Leaders

The world's biggest iron ore miner stopped short of firing any of its leadership for the legal destruction of two historically significant sacred caves in Western Australia state in May - against the wishes of Aboriginal Traditional Owners - which sa...

Asian stocks start defensively, focus on coronavirus treatment, Jackson Hole Asian stocks start defensively, focus on coronavirus treatment, Jackson Hole

Equity market sentiment was also supported by a Financial Times report that the Trump administration is considering by-passing normal US regulatory standards to fast-track an experimental coronavirus vaccine from the UK for use in the United States b...

KFC Reportedly Suspends 'Finger Lickin' Good' Slogan Due to COVID-19

Health authorities around the globe have consistently emphasised the importance of handwashing in slowing the spread of COVID-19 . The 30-second clip featured various KFC chicken buckets, with the "Finger Lickin'" words blurred out from its captio...

Greece plans military exercise in eastern Mediterranean amid dispute with Turkey Greece plans military exercise in eastern Mediterranean amid dispute with Turkey

Earlier this month, Turkey said the Oruc Reis would conduct seismic exploration until August 23 in waters claimed by Greece , Cyprus and Turkey. "Greece is responding calmly and with readiness both on a diplomatic and on an operational level".

Facebook agrees to pay $125 million in back taxes to France Facebook agrees to pay $125 million in back taxes to France

In response to France delaying the new tax, the U.S. said it would not impose retaliatory tariffs on $2.4bn (£1.8bn) of French goods, including champagne and cheese. "We take our tax obligations seriously, pay the taxes we owe in all the markets wher...

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