Business


FDI inflow increased to $61.96 bn in 2017-18 FDI inflow increased to $61.96 bn in 2017-18
- June 11, 2018

Prabhu said gross FDI inflows jumped 3.2% in 2017-18 to touch $62 billion, against $60.1 billion a year earlier. In the last four years since the BJP government came to power, total inflow of foreign direct investment was $222.75 billion. (more...)
Trump tells Singapore leader he can 'work things out nicely' with Kim
- June 11, 2018

United States ambassador to the Philippines Sung Kim led the U.S. delegation while Vice Foreign Minister Choe Son Hui was part of North Korea's delegation. "There are always irritants in relationships", Pompeo told reporters at a news conference here in Singapore , where Trump is preparing to meet Tuesday for the first time with North Korean leader Kim Jong Un . (more...)
Jamaican lotto winner hides face with winking emoji mask Jamaican lotto winner hides face with winking emoji mask
- June 11, 2018

The lucky victor, who pocketed the giant sum after winning Jamaica's Super Lotto jackpot on May 11, rocked up to her winning press conference on Friday wearing a giant winking emoji mask. "We are not going to tell them not to do that because their safety is of paramount importance to us as well". Many on Twitter expressed their joy at the photos, which were retweeted and liked by thousands of users. (more...)
Poundworld set to enter administration - four Bradford stores at risk Poundworld set to enter administration - four Bradford stores at risk
- June 11, 2018

The company's management have said they are in talks with other potential buyers, and it is thought that Poundworld's founder, Chris Edwards, might take on the business. The budget retailer, which employs around 5,300 people and has stores in west Cumbria, is low on cash and is filing the notice because it will give the business protection from its creditors for two weeks. (more...)
Pucker up! Pickle Juice Slush coming to Sonic Drive-In Monday Pucker up! Pickle Juice Slush coming to Sonic Drive-In Monday
- June 11, 2018

The Pickle Juice Slush will be available for a limited-time. But how does it taste? "You won't understand why, but you'll keep going back for more sips, likely until it's all gone". Among them? Pickle juice. Each drink can be customized with fruit add-ins like lemon and strawberry, or candy add-ins like Popping Candy. Happy hour is from 2 p.m.to 4 p.m. (more...)
The 'B' in IHOB stands for ... wait for it ... BURGERS!
- June 11, 2018

On June 11, the company announced they've changed their name to IHOB for burgers. The company asked people to guess what the "B" could stand for. "We're flippin' from pancakes, pancakes, pancakes to burgers, burgers, burgers", a Facebook post read. (more...)
NKorean leader Kim arrives in Singapore for historic summit with Trump NKorean leader Kim arrives in Singapore for historic summit with Trump
- June 11, 2018

The concessions US President Donald Trump manages to extract from North Korea's Kim Jong Un at Tuesday's summit will be the measure of its success. Their hotels are cordoned off with heavy security. On Sunday, Kim Jong-un arrived in Singapore where he is expected to hold a meeting with US President Donald Trump on June 12. (more...)
Uber and Lyft's next big thing? Electric scooters you can rent Uber and Lyft's next big thing? Electric scooters you can rent
- June 11, 2018

It's all part of a permitting application process the city is running after it was inundated with electric scooters earlier this year. The city of San Francisco will award five permits to scooter companies, and the competition is heating up. (more...)
5,000 jobs at risk as Poundworld slides towards administration
- June 11, 2018

The expected appointment of administrators, reported by Sky, leaves the future of five stores in the county hanging in the balance. Deloitte's joint administrator, Clare Boardman, said: "The retail trading environment in the United Kingdom remains extremely challenging and Poundworld has been seeking to address this through a restructure of its business". (more...)
Rolls-Royce reveals further problems with troubled Trent 1000 engines
- June 11, 2018

The shares fell as much as 2.2 percent. Package B turbines have been in service since 2012, and evidence of wear has been detected on "high life" examples, it added. It is cutting jobs and reducing non-essential spending on travel and IT upgrades to offset the impact of the engine faults. The Sunday Times has reported that middle managers and back-office staff are to be "culled", dealing "a devastating blow to its Derby base". (more...)
Chinese workers at Amazon Echo factory ‘overworked, underpaid’ Chinese workers at Amazon Echo factory ‘overworked, underpaid’
- June 11, 2018

In 2012, almost 150 employees threatened to commit mass suicide to protest the unsustainable working conditions at Foxconn. It also describes an environment where 60-hour workweeks are common during peak season, and a significant portion of factory workers do not receive adequate overtime compensation. (more...)
Gulf states pledge $2.5 billion aid package to Jordan Gulf states pledge $2.5 billion aid package to Jordan
- June 11, 2018

Other monarchies are anxious that unrest in the USA ally could spill over across the region where other countries such as Bahrain and Egypt have been facing similar challenges, Reuters reported. Earlier on Sunday, European Union foreign policy chief Federica Mogherini announced 20 million euros ($23.5m) in aid for Jordan. Cash-strapped Jordan, a close U.S. (more...)
Bitcoin Tumbles Most in Two Weeks Amid South Korea Hack Bitcoin Tumbles Most in Two Weeks Amid South Korea Hack
- June 11, 2018

Bitcoin fell more than 10% yesterday (June 11) to its lowest price in two months, after a relatively small crypto exchange in South Korea reported a hack. The statement also said the exchange is fully cooperating with a police investigation into the hacking , and that trading has been suspended for now. (more...)
Gig economy shrinks in the U.S. but not for Baby Boomers Gig economy shrinks in the U.S. but not for Baby Boomers
- June 11, 2018

Yet the data carries limitations that indicate there's still plenty we don't know about the evolving USA job market. That conclusion contradicts a body of academic research that has found a significant increase in what economists call "alternative work arrangements". (more...)
Merkel: G-7 summit with Trump was a 'sobering' experience
- June 11, 2018

He injected additional controversy by suggesting that the G7 offer a seat at the table to Russian Federation, which was ousted from the group after it annexed Crimea. But then Trump pulled out of a joint statement while citing " false statements " by Canada's prime minister, Justin Trudeau . Before arriving at the Quebec summit, Trump injected fresh drama by asking why Russian Federation wasn't included in the group. (more...)
Israeli-American actor wins Tony for role in 'The Band's Visit' musical Israeli-American actor wins Tony for role in 'The Band's Visit' musical
- June 11, 2018

He'll begin performances at the Ethel Barrymore Theatre June 26. Two past Tony Awards nominees will be your hosts: Sara Bareilles ("Waitress") and Josh Groban ("Natasha, Pierre and the Great Comet of 1812"). Lane, who won for best featured actor in a play, said " Angels " still speaks to society in the midst of "political insanity". One production number after another, from " My Fair Lady " to " Carousel " (with Justin Peck's choreography) to " Summer: The Donna Summer Musical " tapped ... (more...)
Tyson recalls 3,000 lbs of breaded chicken due to plastic contamination Tyson recalls 3,000 lbs of breaded chicken due to plastic contamination
- June 11, 2018

The frozen, uncooked and breaded chicken tenderloins were produced on May 17, 2018. If you think you were injured or sickened by the recalled chicken, the FDA recommended seeking medical treatment. These items were shipped to food services establishments, nationwide. However, anyone concerned about an injury or illness should see a healthcare provider. (more...)
Swiss vote on whether to introduce 'real money' plan
- June 11, 2018

Franzini criticized the government for "methods worthy of an authoritarian state", with a measure that he claimed was "censorship of the internet". The Swiss government says the Gambling Act, which has already been passed by both houses of parliament, updates legislation for the digital age, while raising protections against addiction. (more...)
Institutional Investor Sentiment About Echostar Corp (NASDAQ:SATS) Up
- June 11, 2018

The business's revenue for the quarter was up 15.8% on a year-over-year basis. analysts anticipate that Echostar Holding Corp will post 0.88 earnings per share for the current fiscal year. About 85,223 shares traded. EchoStar Corporation (NASDAQ:SATS) shares ended at $48.13 with 0.34 mln shares exchanging hands. It has underperformed by 31.33% the S&P500. (more...)
House of Fraser's woes a reflection of survival of the fittest House of Fraser's woes a reflection of survival of the fittest
- June 10, 2018

The House of Fraser jewellery team are the first to attend trade shows and pick up brand new jewellery products, with many singing the retail giants praises to Professional Jeweller . "Our legacy store estate has created an unsustainable cost base, which without restructuring, presents an existential threat to the business". Under an insolvency procedure known as a company voluntary arrangement (CVA), House of Fraser will pay a reduced rent on the 31 stores for seven months before they close. (more...)
Trump says U.S. won't sign G7 joint statement, leaving summit in chaos Trump says U.S. won't sign G7 joint statement, leaving summit in chaos
- June 10, 2018

Trump accused Prime Minister Justin Trudeau of making "false statements", and threatened new automobile tariffs in a series of tweets he posted after leaving the talks in Charlevoix, Quebec . At his news conference, Trump first referred to the annexation of Crimea only obliquely. These tariffs, they told Trump, would hurt everyone. "You know, it's like the gig is up". (more...)
Trans Mountain spill 48 times larger than B.C. government first reported Trans Mountain spill 48 times larger than B.C. government first reported
- June 10, 2018

On Saturday, with its bailout from the Canadian taxpayer confirmed by Trudeau, Kinder Morgan declared after an investigation that, actually, 4,800 liters of crude oil had leaked during the May 27 spill-48 times more crude than first reported. (more...)
Oil prices headed lower this year and next, J.P. Morgan forecasts Oil prices headed lower this year and next, J.P. Morgan forecasts
- June 10, 2018

US WTI crude futures recovered some earlier losses to trade 8 cents down at $65.87. Surging U.S. production has capped gains in WTI prices, widening the grade's discount to Brent to more than $11 a barrel. "This shift to Opec actively contemplating relieving production cuts puts a pretty bearish spin on this market", said Rob Haworth, who helps oversee $151 billion at US Bank Wealth Management in Seattle. (more...)
Petrol, diesel prices dip for 10th day in a row Petrol, diesel prices dip for 10th day in a row
- June 10, 2018

The petrol price in Delhi today is Rs 77.42 per litre while that of diesel is Rs 68.58 after Indian Oil slashed the fuel prices for the 10th consecutive day the dynamic pricing regime. The 16-day price surge had put the government under pressure to reduce excise duties on energy products. These reductions followed rates touching an all-time high of Rs 78.43 per litre for petrol and Rs 69.31 for diesel in Delhi on May 29. (more...)
A&W Canada To Eliminate Plastic Straws By The End Of 2018 A&W Canada To Eliminate Plastic Straws By The End Of 2018
- June 10, 2018

A&W Canada is working with a US -based company to supply the paper straws that can meet their volume needs, according to Pronyk. "It was important to us, our franchisees, our staff, our guests, so we were thrilled to make the commitment this morning". (more...)

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