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Economy

The answer keys of yesterday's exam are available now, candidates may check their answers with the UPSC Prelims 2017 Answer Key. While official answer key for the prelims will take some time to be released, numerous premium coaching centres and online test preparation portals do upload the answer keys of IAS Prelims exam.
  • Euro slips after European Central Bank signals rates to stay at record lows

    Euro slips after European Central Bank signals rates to stay at record lows

    Economy

    Gold prices suffered a sharp decline on Thursday, erasing a gain for the week as the euro weakened, providing support for the dollar, in the wake of the European Central Bank's monetary-policy meeting. EUR/USD was at 1.1235 by 11.45 GMT from around 1.1239 ahead of the announcement, while EUR/GBP was at 0.8686 from around 0.8680 earlier. Despite the fact that the European Central Bank has shifted to a "less dovish" stance, he pointed out that there had been no discussion on the possible ...
  • Hawaii Passes Law Committing to Paris Climate Agreement

    Hawaii Passes Law Committing to Paris Climate Agreement

    Economy

    Just days after Trump's announcement, California Governor Jerry Brown met with Chinese President Xi Jinping and signed an agreement to work on reducing emissions. "This top-down decision has left the US administration stranded, spinning its wheels", David Suzuki Foundation science and policy director Ian Bruce said.
  • Stay put? Deadly London fire puts scrutiny on high-rise rule

    Stay put? Deadly London fire puts scrutiny on high-rise rule

    Economy

    Analysts estimate the death toll can reach 70. Having ordered an emergency aid package for the fire survivors and a full public inquiry into the incident, Prime Minister Theresa May held a meeting Saturday with some of the survivors and family members of victims at a government office.
  • Amazon deal rocks retail sector

    Economy

    On the same day that Amazon made their big acquisition, their main competition Walmart also announced that they were buying Bonobos , a mostly online company that sells menswear. However, Whole Foods does not have access to Instacart's financial numbers and analytics. "We can only imagine the technological innovation that Amazon will bring to the purchasing experience for the consumer".
  • Amazon to buy Whole Foods for United States $13.7 billion

    Amazon to buy Whole Foods for United States $13.7 billion

    Economy

    The announcement prompted North American retail analysts to launch into doomsday predictions for other fresh food and supermarket competitors across the country; an analyst from DJL Research told Forbes US competitors to Whole Foods , like Natural Grocers and The Fresh Market, are "totally screwed".
  • German minister sees hope of 'soft' Brexit, with conditions

    Economy

    Speaking to the BBC's Andrew Marr show, Mr Hammond said: "No deal would be a very, very bad outcome for Britain, but there is a possible worse outcome and that is a deal that is deliberately structured to suck the lifeblood out of our economy over a period of time".
  • How Many Booker Group Plc (LON:BOK)'s Analysts Are Bullish?

    Economy

    Shore Capital reiterated a "hold" rating on shares of Standard Life Plc in a research note on Friday, February 24th. Investec maintained Booker Group Plc (LON:BOK) rating on Thursday, March 3. The stock declined 0.70% or $0.2 reaching $28.48 on the news. State Of Tennessee Treasury Department holds 224,760 shares or 0.1% of its portfolio. Shares for $11,059 were sold by LUCAS ROGER C on Wednesday, May 10.
  • USA crude stockpiles dip, gasoline builds unexpectedly

    Economy

    It is important to note that gasoline stockpiles rose by a surprising 2.1 million barrels (considering the decline), compared to an expectation of 457,000 gallon drawdown as, it seems, Americans are spending more time traveling to vacations within North America.
  • Oil falls to $46, Nigerian cargoes face competition

    Economy

    Oil slumped to the lowest close in seven months this week as concerns grew that rising USA supplies will offset the production curbs by OPEC and allies including Russian Federation. More than half this growth will come from the USA, which the IEA expects to increase production by 430,000 B/D in 2017 and 780,000 B/D in 2018. Inventories fell due to a rise in United States crude oil refinery demand to 17,256,000 bpd (barrels per day) on June 2-9, 2017.
  • Taoiseach Holds Meeting With DUP Leader

    Economy

    We've set out very clearly the fact that her government is in default of the Good Friday Agreement and successor agreements. The party brought the name of the late Martin McGuinness into the talks yesterday by handing over a letter. Northern Ireland's largest nationalist party Sinn Fein said it would oppose any deal that undermines a peace deal known as the Good Friday Agreement , with President Gerry Adams telling Britain: "We want to govern ourselves".
  • South Korea to scrap building new nuclear power plants

    South Korea to scrap building new nuclear power plants

    Economy

    During his campaign, Moon vowed to review plans to add new eight nuclear reactors, including the part-completed Shin Kori No.5 and Kori No.6. "But it's time for a change". South Korea is also one of the few countries that have exported its nuclear reactor technology, an area once seen by some of its construction companies as a new cash cow.