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Economy

Large employers also have been under pressure to boost benefits for workers because unemployment rates are at historic lows, allowing job seekers to be pickier. The bonuses will cost it about $400 million in this fiscal year, which ends January 31. Kolko noted that while overall wage increases were modest a year ago at around 2.5 percent, data through November showed that workers with only a high school degree got average raises of 3.6 percent, while hourly rates for less well-paid positions ...
  • Indian economy growth estimated to stand at 6.5 percent in 2017-18

    Indian economy growth estimated to stand at 6.5 percent in 2017-18

    Economy

    The Central Statistical Office released the first advance estimate of India's Gross Domestic Product for the 2017-'18 financial year. Central Statistics Office (CSO) has pegged the GDP growth rate during the FY2017-18 at 6.5% in its first advance estimates as compared to GDP growth rate of 7.1% in FY2016-17 at basic constant prices of 2011-12.
  • Healthcare adds 31k jobs in December; hospital job growth picks up

    Healthcare adds 31k jobs in December; hospital job growth picks up

    Economy

    Teen unemployment rose 2.2 percentage points to 15.9 percent - more adolescent volatility (in the data). In January 2017, there were 18,436,000 employed black Americans over the age of 16. Most of the jobs added in December were part time, but for the year as a whole, the vast majority - 394,000 - were full time. BLS Revisions- The change in total nonfarm payroll employment for October was revised from +244,000 to +211,000, and the change for November was revised from +228,000 to +252,000.
  • UIDAI probing reported Aadhaar data breach, but denies information leak

    UIDAI probing reported Aadhaar data breach, but denies information leak

    Economy

    Unique Identification Authority of India ( UIDAI ), the govt's agency behind the development of Aadhaar told the Tribune that the access was illegal and a major security breach. The UIDAI maintains complete log and traceability of the facility and any misuse can be traced and appropriate action taken. "Even in grievance redressal system, the designated officer does not have access to biometric details", UIDAI added.
  • Govt warns against investing in bitcoin, calls it Ponzi scheme

    Govt warns against investing in bitcoin, calls it Ponzi scheme

    Economy

    A Finance Ministry statement said that as virtual currencies (VCs) were not backed by assets, their prices are entirely a "matter of mere speculation". Investors and other participants, therefore, deal in virtual currencies entirely at their risk, the statement said. As transactions of virtual currencies are encrypted, the ministry said they were also likely being used to carry out subversive activities such as terror financing, smuggling, drug trafficking and money-laundering.
  • Padmavati gets green signal; Karni Sena says CBFC under pressure: 10 points

    Padmavati gets green signal; Karni Sena says CBFC under pressure: 10 points

    Economy

    He added that the producers and director had been asked to run a disclaimer saying the movie does not "claim historical accuracy", and that they were "completely in agreement" with the suggestions. There will also be changes in the already-released " Ghoomar " song. "It will not change the fact that the movie refers to real places, my ancestors and other persons in history with their names continuing to remain the same", Singh wrote in a letter to Central Board of Film Certification (CBFC) ...
  • United States oil prices hit highest since mid-2015 on surprise output drop

    United States oil prices hit highest since mid-2015 on surprise output drop

    Economy

    America has exported almost 1.5 million barrels a day over those three months, roughly triple the year-earlier level. Barrel is the unit of measurement of oil volume. OPEC cuts kicked off last January and are scheduled to continue throughout 2018. The International Energy Agency forecasts that oil demand rose by 1.5 million barrels a day in 2017, and will increase further in 2018 by 1.3 million barrels a day.
  • South Korea's Crackdown on Cryptocurrency Influences Drop in Bitcoin Price

    South Korea's Crackdown on Cryptocurrency Influences Drop in Bitcoin Price

    Economy

    The new rules will target anonymous trading of virtual currencies and crack down on money laundering activities, Seoul said . Following the news, Bitcoin's price dropped 11 percent from $15,489 to $13,800, according to Coinbase. Financial records of cryptocurrency trading will also be used to levy taxes, and exchanges can be closed "if there is a need to do so", according to Minister of the Office for Government Policy Coordination Hong Nam-ki.
  • Blockbuster! Tiger Zinda Hai hits double century in its first week

    Blockbuster! Tiger Zinda Hai hits double century in its first week

    Economy

    Besides this, Tiger Zinda Hai has a gripping plot and the storyline is fast paced. As per trade analysts, the film could possibly eye Rs 300 crore , which doesn't seem to be unattainable at this point. "#TigerZindaHai is now SECOND HIGHEST GROSSER of 2017, after #Baahubali2". Interestingly, the film has not just performed well in the Indian markets but has also done well internationally by earning Rs 54.79 crore in the first weekend.
  • January 2018 Brings Super Moons, Blood Moon, Blue Moon

    January 2018 Brings Super Moons, Blood Moon, Blue Moon

    Economy

    Most months have just one full moon, because the twenty nine day cycle of the moon matches up pretty well with the length of calendar months. But before that comes the Wolf Moon, the first "Supermoon" of 2018 when the moon appears bigger and brighter in the sky.
  • SoftBank buys Uber shares at 30pc discount as investors cash out

    SoftBank buys Uber shares at 30pc discount as investors cash out

    Economy

    Uber's shareholders have agreed to sell a 20pc stake to an investor group led by SoftBank, according to The Wall Street Journal , crossing the threshold needed for the deal to complete. Uber will enact governance reforms that disempower the two warring factions and increase the size of the board to a massive 17 people. SoftBank probably will limit its purchase in the tender offer to 15 percent of Uber, and other members of its group are likely to buy additional shares.