Economy

Information for this article was contributed by staff members of The Associated Press. "( Seoul ) must show that dialogue is possible only when North Korea changes its behavior". Multiple sets of United Nations and USA sanctions against North Korea have done little to deter it from pursuing its nuclear and missile ambitions.
  • Bank of England Says Smooth Brexit Could Mean Faster Rate Increases

    Economy

    Bank of England governor Mark Carney said the forecasts were based in part on "the adjustment to the UK's relationship with the European Union being smooth", with expectations that the Government will introduce a transition period to avoid a cliff-edge departure from the single market.
  • Trump makes veiled threat against Comey, warns him not to 'leak' conversations

    Economy

    John Conyers, D-Michigan, and Elijah Cummings, D-Maryland, asked for the materials following Mr. Trump's tweet Friday morning in which he suggested that "tapes" might exist and that Comey should hope that there are none. Mr Comey had been due to appear before the Senate Intelligence Committee to speak on Russian Federation on Thursday - its chairman, Richard Burr, said he was "troubled by the timing and reasoning of Director Comey's termination".
  • Security expert provides tips following global ransomware attack

    Security expert provides tips following global ransomware attack

    Economy

    Researchers with Czech Republic-based security software maker Avast said they had observed more than 126,000 ransomware infections, with 60 percent of infected computers located in Russian Federation, followed by Ukraine and Taiwan. Still, such figures do not account for lost production at firms like Renault, which on Saturday said it had halted stopped manufacturing at plants in Sandouville, France and Romania to prevent the spread of ransomware in its systems.
  • Global cyber attack hits hospitals and companies, threat seen fading for now

    Global cyber attack hits hospitals and companies, threat seen fading for now

    Economy

    Once inside the targeted network, so-called ransomware made use of recently revealed spy tools to silently infect other out-of-date machines without any human intervention. According to ABC News , hospitals in Britain have been hit hard and they've been forced to turn away patients for routine procedures and appointments due to losing access to computer files.
  • Sri Lanka gets PM Modi's assurance amidst Chinese concerns

    Economy

    As some of you may have heard, I have a special association with tea", the Prime Minister said, in a reference to his tea-selling days. "We share important goals in infrastructure, connectivity, transport and energy", Modi said in his speech on Friday while presiding over the festivities to mark the International Vesak Day.
  • North Korea holds another missile launch test

    North Korea holds another missile launch test

    Economy

    Australia has condemned North Korea for its latest ballistic missile test, calling it "reckless and provocative". North Korea is widely believed to be developing an intercontinental missile tipped with a nuclear weapon that is capable of reaching the United States.
  • United States and China Take First Steps in Trade Deal

    Economy

    By the same deadline, China shall issue any further guidelines and "allow wholly USA -owned suppliers of electronic payment services (EPS) to begin the licensing process". Department of Energy signoff under longstanding U.S. law. China's Premier Li Keqiang, days after the Xi-Trump summit, suggested that restoring USA beef imports could be linked to a US opening for Chinese chicken exports.
  • Oil price climbs as Opec offers early consensus on renewed deal

    Economy

    The development came after Iraq and Algeria joined Saudi Arabia in supporting an extension to OPEC supply cuts. On average, however, Brent and WTI spot prices in April were 0.72 per barrel and 1.73 per barrel higher, respectively, than the March averages, said the report.
  • Our country needs a good 'shutdown' in September!

    Economy

    Democrats said Trump would shoulder the blame for any shutdown now. By the end of September, a new funding bill will have to be crafted to avoid a government shutdown . -Mexico border. Democrats want to shut down the government. Senate rules require 60 votes to break a filibuster - a tool Democrats have shown in the past they're willing to employ (most notably during the Neil Gorsuch Supreme Court fight), and which they would likely use again to prevent passage of Trump's budget proposal ...
  • India skips China's BRF summit ceremony

    Economy

    Putin is in China to attend a. Chinese President Xi Jinping , also speaking at the opening ceremony, said the Silk Road dates back 2,000 years and it connected many civilizations with each other and hence allowed financial and cultural communication between societies.
  • No mass layoffs in IT sector, workforce realignment happens every year: Nasscom

    No mass layoffs in IT sector, workforce realignment happens every year: Nasscom

    Economy

    As we reported, Infosys was hiring 10,000 American employees ; on the other hand, the IT giant is planning to axe around 1000 employees which also include group project managers, project managers, senior architects and higher levels. A spokesperson told Livemint that performance-based reviews this year are consistent with past ones and that the company has not conducted any layoffs.