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In Delhi , the prices of petrol and diesel were both hiked by 14 paise. In Kolkata, the price of petrol has been increased to ₹83.27 per litre while the diesel price has gone up to ₹75.36 per litre. Diesel prices also increased from Rs 77.92 to Rs 78.06. "The state government has reduced only four per cent Value-Added Tax on diesel and petrol which is insufficient and the government will have to provide more relief to public", Sachin Pilot told reporters.
  • Donald Trump threatens $267bn more tariffs on Chinese goods

    Donald Trump threatens $267bn more tariffs on Chinese goods

    Markets

    But he told reporters traveling with him to Fargo, North Dakota that "behind that, there's another $267 billion ready to go on short notice if I want". The administration could announce the implementation timeline for the $ 200 billion in tariffs at any time. Apple Inc. noted in a letter that the government's proposed tariffs on $200 billion cover a wide range of products used in its USA operations, including the Apple Watch.
  • As Mercedes introduces an electric SUV, Tesla's stock slumps

    As Mercedes introduces an electric SUV, Tesla's stock slumps

    Markets

    Together the motors generate 765Nm of torque, enough to propel the 2.5-tonne SUV to 60mph in five seconds. The front motor is geared toward range economy, while the rear motor optimizes performance; the EQC is created to rely on the front motor for normal cruising, shifting power continuously in real time based on the terrain, load, and needs of the moment.
  • Burberry to Stop Burning Clothing and Other Goods It Can’t Sell

    Burberry to Stop Burning Clothing and Other Goods It Can’t Sell

    Markets

    Finally, the company said Thursday that it would stop destroying unsold merchandise, adding that it would also stop selling products that used real animal fur. The practice ensured that unwanted items did not fall into the hands of counterfeiters. The intention is to "transform 120 tonnes of leather off-cuts into new products over the next five years".
  • Student poster prank in Texas McDonald's goes unnoticed for nearly two months

    Student poster prank in Texas McDonald's goes unnoticed for nearly two months

    Markets

    When they went back 51 days later, the poster was still there. "All the other posters were in natural environments, like a city or at the beach, so we went to our local event center", he explained. They found a "natural environment" that looked similar to the locations used for the existing photos, and took a picture similar to the ones they had seen inside the restaurant.
  • Barack Obama Slams Donald Trump In Speech - 'He's Capitalizing On Resentment'

    Barack Obama Slams Donald Trump In Speech - 'He's Capitalizing On Resentment'

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    Former Obama communications director Dan Pfeiffer said on CNN that Obama can effectively reach voters in parts of the country he won in 2012, but which voted for Trump in 2016. But he fiercely repudiated the brand of Republicanism being practiced in the Trump era, citing the White House and Congress' refusal to punish Russian Federation harshly for interfering in the 2016 election, and of rapidly expanding the federal deficit.
  • Petrol, diesel prices rise by about 50 paise. Check today’s rate

    Petrol, diesel prices rise by about 50 paise. Check today’s rate

    Markets

    The price of petrol has been increased by 48 paise per litre, while diesel saw a hike of 52 paise per litre, as compared to Wednesday's prices in New Delhi . Opposition parties have announced nationwide strikes and protests next week over record-high fuel prices which they blame on high taxes. The fuel prices are likely to go up further as the rupee hit yet another all-time low of ₹72.12 against the USA dollar on Thursday, while price of Brent oil was hovering around $78 a barrel.
  • Maybe Goldman Sachs Isn't So Keen On Crypto, After All

    Maybe Goldman Sachs Isn't So Keen On Crypto, After All

    Markets

    The cryptocurrency held a market cap of $111,583 billion and a 24-hour market volume of $5.871 billion. After yesterday's step falls in the price of Bitcoin that bought it down from just under $7,400 to around the $7,000 mark, trading overnight saw an even bigger steep drop.
  • CDC Warns People: 'Do Not Eat' Kellogg's Honey Smacks Cereal | Kellogg's

    CDC Warns People: 'Do Not Eat' Kellogg's Honey Smacks Cereal | Kellogg's

    Markets

    The FDA, CDC, along with state and local officials are investigating a multi-state outbreak of SalmonellaMbandaka infections linked to Kellogg's Honey Smacks sweetened puffed wheat cereal. Most people recover on their own without medical treatment. No deaths have been reported, but salmonella infections can kill people. Because the CDC has continued to receive reports of illnesses linked to this cereal, we are reminding consumers not to eat Honey Smacks cereal.
  • Elon Musk Is Now Calling a Cave Rescuer a 'Child Rapist'

    Elon Musk Is Now Calling a Cave Rescuer a 'Child Rapist'

    Markets

    Unsworth had then said he was considering legal action against Musk. Musk called Unsworth a "single white guy from England who's been travelling to or living in Thailand for 30 to 40 years", alleging that he had moved to Chiang Rai "for a child bride who was about 12 years old at the time ".
  • JD.com CEO was arrested on allegation of rape: U.S. police report

    JD.com CEO was arrested on allegation of rape: U.S. police report

    Markets

    A Chinese e-commerce giant says its billionaire founder, Liu Qiangdong, has returned to China after his arrest in the US on suspicion of criminal sexual conduct. During Liu's trip last week in the US, he was studying at the University of Minnesota for a Ph.D. program offered by the university's Carlson School of Management, according to Bloomberg News.
  • Toyota is Recalling One Million Hybrids at Risk of Catching Fire

    Toyota is Recalling One Million Hybrids at Risk of Catching Fire

    Markets

    Worldwide, the recall could affect more than 1 million vehicles, including the C-HR SUV models, Toyota said. The recall is one of the largest actions for Toyota unrelated to Takata airbags or 2009's unintended acceleration crisis. According to WSJ , the statement said that wires going to the hybrid power-control unit could be worn down over time which " exposes the core wire, potentially causing an electrical short to occur between the damaged wires ".
  • Amazon India mobile website, app are now available in Hindi

    Amazon India mobile website, app are now available in Hindi

    Markets

    When the company began building its Hindi app and site about two years ago, it first tried to run the English version through a translation algorithm. Paytm, a digital payments company that operates the No. 3 online retailer , Paytm Mall, began allowing customers to make purchases in 10 Indian languages in October.
  • South Africa slips into recession, against forecasts

    South Africa slips into recession, against forecasts

    Markets

    The result was well below the 0.6% forecast by markets; cue selling of the Rand. Stats SA data further showed a revised 2,6% contraction in the first quarter. Ramaphosa's ascent to power since December initially boosted sentiment and the rand following Jacob Zuma's corruption-plagued tenure of nearly nine years, but that optimism has faded as structural reforms aren't implemented fast enough amid global trade wars and as turmoil in other emerging markets sour sentiment.
  • US Oil Prices Rise as Gulf Platforms Shut Ahead of Hurricane

    US Oil Prices Rise as Gulf Platforms Shut Ahead of Hurricane

    Markets

    Brent crude futures were lower on Tuesday afternoon in Asia , trading down 0.10 percent to $78.07 per barrel. Crude oil is struggling to preserve its bullish momentum on Monday, and the barrel of West Texas Intermediate is staying quite near the critical $70 mark.
  • South Africa recession brings with it risks of a downgrade

    Markets

    This followed a revised 2.6% contraction in the first quarter, a South African statistics data has shown. "This type of environment is hard for job creation". "For a consumer-based economy, where households contribute upwards of 66% to economic growth, this movement is notably worrying", Ackerman said. The SA Rand was already finds itself in a strong downtrend versus most counterparts as a result of emerging market contagion caused by the crisis in the Lira and escalating trade war fears.
  • Ayanna Pressley’s shock victory draws reaction from Alexandria Ocasio-Cortez, others

    Ayanna Pressley’s shock victory draws reaction from Alexandria Ocasio-Cortez, others

    Markets

    Ms. Pressley, the first black woman elected to the Boston City Council, challenged Mr. Capuano from the left and on style and identity, in a pattern similar to the upset victory of Alexandria Ocasio-Cortez earlier this summer in NY. As in Ocasio-Cortez's race, Pressley was a progressive woman of color challenging a white male lawmaker. "While our president is a racist, misogynistic, truly empathy-bankrupt man", the conditions that made MA-07 one of most unequal in America was cemented in ...
  • Amazon follows Apple to cross trillion-dollar milestone

    Amazon follows Apple to cross trillion-dollar milestone

    Markets

    The Amazon landmark comes about a month after Apple hit the $1 trillion level in early August. Amazon shares hit $2,050.49 shortly before noon on Tuesday, bringing the company's value above $ 1 trillion before declining slightly. Amazon is the second corporation to exceed $ 1 trillion in value after Apple, which crossed the threshold on August 2 . And they first hit $1,000 on October 27, 2017.
  • Amazon Hits $1 Trillion Valuation

    Amazon Hits $1 Trillion Valuation

    Markets

    Amazon crossed the $2,000 threshold for the first time on August 30 after doubling its price in just 10 months. Amazon follows Apple, which reached the mark earlier this year. Amazon retreated slightly after hitting the milestone, and near 1545, it was up 1.3 percent to $2,038.71. Amazon Founder Jeff Bezos is already the richest person on Earth, with a net worth surpassing $150 billion.
  • No increase in fuel prices for September

    No increase in fuel prices for September

    Markets

    In Mumbai, the petrol was being sold at Rs 86.56/litre, up by Rs 0.31/litre - the highest ever for any metro city. Under the dynamic pricing system for transport fuels, the Indian Oil Corporation (IOC) revises fuel prices based on global crude oil prices every day at 6 am.
  • California Inches Closer to Passing Net Neutrality Bill

    California Inches Closer to Passing Net Neutrality Bill

    Markets

    After the vote , Wiener tweeted: "We will make the case to the Governor that cities should be able to decide for themselves what kind of nightlife makes sense". "Net neutrality is not dead", she concluded. The Bill was passed by the State Senate on Friday and the State Assembly on Thursday, both by large margins.
  • China to rein in online gamesin latest industry setback

    China to rein in online gamesin latest industry setback

    Markets

    Tencent has still not gained approval from Chinese authorities to make money from some of its most popular mobile games such as " PlayerUnknown's Battlegrounds ". "More Chinese companies will be looking at worldwide markets as a way to offset regulatory challenges in the domestic market", commented industry analyst Piers Harding-Rolls from the IHS Markit consultancy.
  • JD CEO's arrest steps on governance landmine

    JD CEO's arrest steps on governance landmine

    Markets

    After the CEO's release, JD.com issued a statement on Chinese social media network Weibo on Sunday, arguing that allegations against the company's CEO were " false " and police quickly determined that there were no merit to the claims, allowing Liu to continue his business trip as originally intended.
  • Cboe Said to Be Planning Ether Futures Launch by Year-End

    Markets

    That's because the launch of ether futures would provide an easy way for ether bears to bet against the coin. The traders are not sure whether to classify this as a positive or a negative development considering the fact that it was the introduction of the BTC futures that marked the beginning of the fall in the BTC prices.