US-Iran standoff hardens as conflicting accounts of tanker attacks swirl

The U.S. political and military standoff with Iran hardened as conflicting narratives about a pair of attacks on tankers near the Persian Gulf stoked regional tensions and President Donald Trump vowed that Tehran will not be

World News

Apple market value may hit $1 trillion again on trade deal

A resolution to U.S.-China trade tensions could add as much as $25 a share to Apple Inc.’s stock price and take it back to a $1 trillion market value, according to Wedbush Securities analyst Daniel Ives.

Markets News

WeWork to buy majority stake in India affiliate for $2.75 billion as former gears for IPO

Adding India to its asset portfolio may benefit WeWork as it preps for its initial public offering.

Industry News

IBM’s AI debating system argues for and against cannabis legalization

IBM will make the “speech by crowd” option available on a trial basis starting Thursday as it’s not quite ready for market yet, according to Israel general manager Danny Melka. I

IBM, IBM artificial intelligence, Alphabet Inc, AlphaGo, AI systems, Tel Aviv News

Indian growth narrative of 7% GDP has done real damage

The actual GDP growth rate between 2012 and 2017, according to Arvind Subramanian’s working paper for Harvard University, may have been 2.5 percentage points lower than the official 7% rate.

Narendra Modi, Narendra Singh Tomar, Nirmala Sitharaman, Piyush Goyal, PM KISAN scheme News

Amazon US online market share estimate cut to 38% from 47%

An Amazon spokesman said EMarketer reached out to the company’s analyst relations group after Chief Executive Officer Jeff Bezos disclosed that independent merchants accounted for 58% of gross merchandise sales on the retai

Amazon, Amazon US online market share,  EMarketer Inc, US e-commerce market, Jeff Bezos, Google, Facebook Inc,  Apple Inc, Alphabet Inc News

Apple CEO Tim Cook visits White House to discuss job training

Big US tech companies have long complained that there aren’t enough tech-savvy candidates to hire.

Apple CEO, Apple CEO Tim Cook, White House, US employers, Trump administration, Donald Trump, Sundar Pichai, google News

Modi Government hopes to rake in $84 billion from airwaves auction in 2019

Spectrum auctions -- a significant source of revenue for the national exchequer in the past -- are coming at a particularly challenging time for India’s mobile-phone carriers.

Modi Government, Narendra Modi, telecom ministry, telecom airwaves auction, airwaves auction 2019, Mukesh Ambani, Spectrum auctions News

Telegram boss Pavel Durov links DDoS attack to China amid Hong Kong tension

Telegram was created by Durov, a Russian entrepreneur known for his advocacy of internet freedoms

Industry News

Dry weather sours sugar output in India; production touches 3 years low

Droughts are withering cane fields in parts of Maharashtra and Karnataka, and the monsoon is delayed, reducing prospects for the coming crop.

At present, sugar is distributed at a subsided rate of Rs 13.5 per kg to 2.5 crore families under the Antyodaya Anna Yojana (Reuters File photo) News

Indian growth narrative: Economy in crisis after reduced GDP estimate

If India’s growing fast, why do most other indicators suggest the economy is stagnating or slowing?

income, middle income trap, middle income grup News

Johnson & Johnson, Colgate ordered to pay almost $10million in California talc case

The jury concluded Wednesday that the companies’ body powders were a cause of Patricia Schmitz’s mesothelioma, a cancer specifically linked to asbestos exposure.

Johnson & Johnson, Colgate-Palmolive Co, California woman, California talc case, J&J products, cancer, Avon Products Inc, ovarian cancer, mesothelioma News

Trump threatens Germany with pipeline sanctions, US troop cut

Echoing previous threats about German support for the Nord Stream 2 pipeline, Trump said he’s looking at sanctions to block the project he’s warned would leave Berlin “captive” to Moscow.

Donald Trump, Germany, Russia, Angela Merkel, NATO, pipeline sanctions, US-German ties, Iran, Nord Stream 2 project News

Oil’s next generation deflationary force: Countries that rely big on oil, gas taxes will find it hard to loosen up

Those countries that rely heaviest on oil and gas taxes will, of course, find it hard to loosen up. Equally, though, they will ultimately confront the prospect of rival producers taking a bigger share.

U.K. slashed tax rates in 2016 in a bid to stem the slide in oil and gas production News

ट्रेड वार के कारण भारत में बन सकते हैं आईफोन, चीन में बंद हो सकता है निर्माण

चीन से बाहर आईफोन के उत्पादन के लिए भारत में निवेश बढ़ सकता है.

apple, iphone, apple iphone producion in india, iphone india, iphone production india, आइफोन, आइफोन एप्पल, आइफोन भारत News

Demand for overnight debt funds soars as IL&F, DHFL crises shake confidence in credit market

Investor confidence in the domestic credit market has been shaken by the crisis faced by shadow banks after the default of IL&FS Group in September.

100-day agenda, DPIIT, investment, incentive package, foreign investments, economy news

Modi’s crackdown on company frauds: Independent directors may need to take corporate literacy test

The exam will be an online assessment covering the basics of Indian company law, ethics, and capital market norms among other areas.

Industry News

PwC quits as Anil Ambani’s Reliance Capital auditor; cites this reason

Price Waterhouse & Co Chartered Accountants quit as one of the statutory auditors of Reliance Capital Ltd. and its unit Reliance Home Finance Ltd., saying that it didn’t receive a satisfactory response to certain observatio

Anil Ambani, ADAG, ADAG ग्रुप कंपनियों, अनिल अंबानी, R-Power, R-Infra, R-Capital, asset monetization, Financial Support, Liquidity News

Raghuram Rajan in frame to become Bank of England Gov; only outsider in race for top job

The job of stewarding the U.K.’s monetary policy and maintaining its financial stability has rarely been more political, and Rajan is the only outsider among the top contenders in the running to replace Mark Carney.

Economy News

Zomato’s parental leave policy takes on gender pay gaps in India — one of world’s worst

By giving both parents the same benefit to care for a new child, the expectation is that women won’t be unfairly penalized with lower pay.

Industry News

Pakistan may be headed for textbook crisis: These 5 indicators spell doom

Pakistan's central bank has raised interest rates to squeeze a current account gap. Growth has collapsed to a nine-year low; youth unemployment is in double digits, and inflation is getting there.

Prime Minister Imran Khan (File photo) News

Sweden’s Electric Car Boom Is Under Threat From Power Crunch

Demand for electricity in Stockholm and other cities is outgrowing capacity in local grids, forcing new charging networks to compete with other projects from housing to subway lines to get hooked up.

Car News

Trade war: How China overpowered the US to win the battle for rare earths

With China now accounting for 70% of global production, and only one U.S. mine in operation, American industries outside of defense have “ no immediate avenues” to break their reliance on China for supply of rare earth el

US china Trade war, Trade war, china, US, Fitch Ratings, Washington, rare earths, Citigroup Inc, illegal exploration, Mines in Shandong province News

If US-China trade war intensifies, India may get bigger bite of Apple

China is a crucial cog in Apple’s business, the origin of most of its iPhones and iPads as well as its largest international market.

US-China trade war, Apple Inc, Apple, iPhones, Donald Trump, Foxconn, US market News
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