Economy

With Brexit talks due to start in just 10 days, Brussels appeared to be braced for them to be pushed back. British Prime Minister Theresa May's decision to call for snap elections in the United Kingdom has blown up in her face. The election results create uncertainty surrounding the negotiations over Britain's exit from the European Union. May spent the campaign denouncing Corbyn as the weak leader of a spendthrift party that would crash Britain's economy and flounder in ...
  • Tick-tock: European Union says time pressing hard to start Brexit talks

    Economy

    A spokesman for Mrs Merkel had previously refused to be drawn on the issue out of "politeness and respect" while the process of forming a new United Kingdom government was under way. "'I know the costs of a Theresa May government, her costs fall on me'". "Maybe, this is a chance that we can come up to a more reasonable Brexit negotiations because in the last time (recently) I really had the feeling that everything was just being very tough and it doesn't make sense to be tough".
  • New one rupee note to come out soon

    New one rupee note to come out soon

    Economy

    The reverse side will feature a floral design and will have representation of One Rupee coin with ₹ symbol. Ashoka Pillar will be watermarked in the window without the words Satyameva Jayate. The exercise also saw the introduction of new Rs 2,000 notes. All other Indian currency notes in India are printed by RBI and bear the signature of the RBI governor.
  • Trade unions oppose Centre's move to privatise Air India

    Trade unions oppose Centre's move to privatise Air India

    Economy

    Air India is surviving on a Rs 30,000 crore bail-out package, spread over 10 years, announced by UPA-II in 2012. Such a purchase caused an alleged financial loss to the already stressed national carriers. AI has debt of around Rs 60,000 crore, which includes around Rs 21,000 crore of aircraft-related loans and around Rs 8,000 crore working capital, said aviation sources.
  • United Kingdom election: Polish Deputy PM hopes for 'softer' Brexit

    Economy

    Where the center-right Conservatives had hoped to take seats from the main opposition Labour Party , the reverse happened. The " hung parliament " has some analysts speculating about a second general election , which would further destabilize upcoming Brexit negotiations that are expected to start on June 19 .
  • Indian minister climbs tree to talk on mobile phone

    Indian minister climbs tree to talk on mobile phone

    Economy

    He realised it when he was talking to the villagers about their problems and dialed officers but could not get through. This is when the minister called the concerned officer from the spot but failed to reach him because of poor network. At the meeting, he received complaints from villagers about the shortage of health workers at the local public health centre (PHC), forcing them to travel to Bikaner for even minor ailments.
  • U.S. urges Gulf states to ease blockade against Qatar

    Economy

    The source said that Qatar has been historically keen to downplay the British role at the base, though reports in British tabloid newspapers that British MQ-9 Reaper drones operate from Qatar are incorrect. "We have not asked for mediation, we believe this issue can be dealt with among the states of the Gulf Co-operation Council", Mr al-Jubeir said. Qatar hosts 8,000 USA military personnel at al Udeid, the largest US air base in the Middle East and a launchpad for US -led strikes on Islamic ...
  • Walt Disney Co (DIS) Receives $116.52 Average Price Target from Brokerages

    Walt Disney Co (DIS) Receives $116.52 Average Price Target from Brokerages

    Economy

    Netflix Inc." published on May 24, 2017, Gurufocus.com published: "Columbia Partners LLC Investment Management Buys Walt Disney Co, Taiwan ..." on June 05, 2017. They set a "neutral" rating and a $120.00 price objective on the stock. The company was downgraded on Tuesday, September 15 by Bank of America. The stock of Zillow Group, Inc.
  • Theresa May to carry on as British PM

    Theresa May to carry on as British PM

    Economy

    The result is an embarrassing turn for May who called the election three years earlier than required, to give her side a strong negotiating hand in Brexit negotiations. This result is Labour's best performance in terms of Wales' vote share, since the New Labour landslide of 1997 when it came away with 34 of Wales' 40 seats.
  • GST Council to meet on June 11 to review rates, amend rules

    GST Council to meet on June 11 to review rates, amend rules

    Economy

    Also, the groups will highlight specific issues for the smooth transition of the respective sector to the Goods and Services Tax (GST) regime and prepare sector-specific draft guidance. The textile industry has said it is anxious over Governments decision to impose 18 per cent GST on manmade fibre as the levy will dent the margins of firms manufacturing synthetic yarn and could lead to job losses.
  • Turkish president approves troops to Qatar

    Economy

    If accurate, the allegations would indicate Russian efforts to undermine U.S. foreign policy, building on United States intelligence concerns that Russian hackers attempted to influence last year's presidential election, won by Trump. "It is wrong to add more crises as the Islamic world struggles with many other difficulties", Erdogan said at an event in Istanbul . The small Gulf Arab state is a critical global supplier of gas and hosts the biggest U.S.