Economy

Pruitt's remarks did not address the fate of the nearby Chicago EPA office, nor did he stop at that office. Inspector general reports over the past few years detailing employee misbehavior could serve as ammunition for EPA Administrator Scott Pruitt, who is seeking to eliminate 25 percent of the 15,000 employees at the agency.
  • British hedge fund Man Group says Q1 assets up 10 pct

    British hedge fund Man Group says Q1 assets up 10 pct

    Economy

    For the quarter ended March 31, the investment manager recorded funds under management of $88.7 billion, up from $80.9 billion as at December 31, 2016. Man made gains in 24 out of 30 strategies, delivering 14.4 percent and 11.5 percent improvements quarter-on-quarter in its top-performing Numeric emerging markets funds.
  • Government denounces bid to shut petrol pumps on Sundays

    Government denounces bid to shut petrol pumps on Sundays

    Economy

    The Ministry of Petroleum and Natural Gas announced today that options are now being evaluated to home deliver petroleum products such as petrol and diesel. This way it would help consumers save the time from the hectic rush at the fuel stations. Currently, state oil firms Indian Oil Corp, Bharat Petroleum and Hindustan Petroleum control around 95 percent share of the retail market, and with automation in several retail outlets, daily price changes may not be that hard for the companies, the ...
  • Australia abolishes visa programme used mostly by Indians

    Economy

    The Turnbull government has reacted to increasing pressure from Labor and One Nation by scrapping the 457 visa program for skilled migrants, and replacing it with a tighter regime. Premier Daniel Andrews said "these are welcome changes" to the foreign skilled worker program, after Prime Minister Malcolm Turnbull axed the 457 visa scheme on Tuesday.
  • France PM warns Le Pen against 'exploiting' Paris tragedy

    Economy

    France's election kicks off Sunday. Former President Barack Obama has also gotten involved in France's election, offering centrist candidate Emmanuel Macron his best wishes in a phone call Thursday, though he, too, stopped short of a full endorsement.
  • Musk on mission to link humans with computers

    Musk on mission to link humans with computers

    Economy

    Neuralink, like Musk's other business ventures, has a multi-level plan of attack. However, that would be but a stop in its ultimate journey - which at its root, is exploiting the potential of the human brain. And if we haven't figured out the science of that now, what's the likelihood that we would have in the eight-10 years Musk intends to roll out his first "neural laces" for people without disability (Neural laces are implants that will go into the human brain ).
  • French security forces fully mobilised to protect elections after Paris shooting - PM

    Economy

    He also wants to take France out of North Atlantic Treaty Organisation, bring energy companies under state control and substantially raise taxes on the rich. Sunday's round of voting will be followed by a second-round runoff on May 7 between the top two candidates. Besides Le Pen, other presidential candidates have expressed their solidarity with police forces.
  • Visa's profit boosted by Europe unit, big card portfolio wins

    Visa's profit boosted by Europe unit, big card portfolio wins

    Economy

    Finally, Cullen Frost Bankers Inc. increased its stake in shares of Visa by 0.5% in the third quarter. Hedge funds have recently made changes to their positions in the stock. Visa had a return on equity of 26.48% and a net margin of 38.30%. Total processed transactions for the reported quarter were 26.3 billion, reflecting a 42% rise year over year.
  • Wall Street closes mixed with oil decline, tech rise

    Economy

    The Dow Jones industrial average edged up 6 points, less than 0.1 percent, to 20,529. The Nasdaq decreased 13 points to finish trading at 5,863. The Standard & Poor's 500 index rose 5 points, or 0.3 percent, to 2,347. Overall, profits of S&P 500 companies are estimated to have risen 11.1 percent in the quarter, the best since 2011. On Wednesday, oil prices tanked after data showed an unexpected 1.5m barrel build in gasoline stocks last week.
  • Ontario police arrest 100 men in child prostitution case

    Ontario police arrest 100 men in child prostitution case

    Economy

    Police went online and offered sex with children between 13 and 16 years. "The majority of underage trafficked children are being trolled via social media". Out of the completed cases, 87 per cent of suspects (35 out of 40) either pleaded guilty or were found guilty in court. Truong told reporters that the undercover sting is one aspect of the force's multi-pronged approach to rescuing victims of human trafficking, and charging those who buy and sell sex with children.