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Bitcoin tumbles as Donald Trump critique tests stellar run for 2019

Bitcoin slumped briefly below $10,000 on Monday, following another weekend sell-off that saw some digital tokens plunge by more than 20%.

Markets News

New York power outage: Times Square goes dark, evacuations held in middle of Jennifer Lopez concert

It lasted all of five hours — and hit just the spot on New York’s power system to take out the lights in Times Square, force the evacuation of Madison Square Garden in the middle of a Jennifer Lopez concert and bring

power outage nyc, nyc blackout, new york power outage, Manhattan power outage, New York, blackout nyc, blackout nyc 2019, nyc blackout 2019, News

Former RBI governor Raghuram Rajan flags risks for India’s overseas borrowing plan

India’s plan to issue foreign currency debt has no real benefit and is fraught with risks, according to former Reserve Bank of India governor Raghuram Rajan.

Economy News

US-China trade tensions hit Panama Canal revenues

Cargo from the U.S. to China going through the key waterway has slumped this year as the Asian giant cuts its imports of American food and fuel, according to Panama Canal Authority CEO Jorge Luis Quijano.

Economy News

Unprepared UK facing highest risk of recession since 2007

The risk of a U.K. recession is at its highest level in more than a decade, according to the Resolution Foundation.

Economy News

Warning shot to world economy as Singapore slumps, China exports drop

Across Asia and Europe, factory activity shrank in June while the U.S. showed only a meagereconomic expansion. Asia is the world’s growth engine and contributes more than 60% of global GDP, according to the International Mo

world economy, singapore, china, export, china export, Gross domestic product, economy news

IndiGo founders should reward shareholders instead of picking fights

IndiGo should be rewarding its shareholders by consolidating its leadership position and filling the gap left by Jet, especially on overseas routes. Instead, the founders are busy picking fights

IndiGo, IndiGo pilot robbed, IGI, IGI Terminal 1 News

Ford-Volkswagen alliance’s joint power pressurizing Other car makers

Ford’s in autonomous vehicles, allowing both to “address these challenges in a more capital-efficient manner.” Broader cooperation will force other mass-market carmakers to “seek more synergies” to remain competitiv

Car News

India’s war on world’s worst bad-debt pile stalled by regulators

Time-bound resolutions under bankruptcy law are the key to cleaning up $190 billion stressed loans quickly, helping banks dodge higher provisions attached to missing resolution timelines.

bad loan ratio, india bad loan ratio, bad loan of india, anti money-laundering agency, Narendra Modi, bankruptcy law, SEBI News

IMF says it won’t soften its suggestions to a Lagarde-led ECB

In the review, the IMF said that the ECB “should consider further accommodative measures” if the inflation outlook deteriorates. It added that a deeper downturn may require fiscal support for the economy.

IMF, Lagarde, ECB, economy news, International Monetary Fund News

Trump’s top economic adviser praises Alexandria Ocasio-Cortez, wants to meet with her on Fed policy

Alexandria Ocasio-Cortez, a rising star in the progressive wing of the Democratic Party, asked the Fed boss about the Phillips Curve, a theory used as a guide by monetary policy makers for decades. It suggests there’s a tra

Alexandria Ocasio-Cortez News

Now, fruit juice is linked to a higher cancer risk

The research, part of a broader effort carried out in France to investigate links between nutrition and health, is one of the first to find a connection between sweet drinks and cancer.

fruit juice cancer, cancer fruit, cancer risk, cancer fruits, bad habits, healthy lifestyle News

Amazon to spend $700 million to train workers in new skills

In the tightest labor market in a half-century, Amazon is competing with other companies to hire the best and brightest and could help sidestep that challenge with a renewed emphasis on training.

Amazon, new skill, Amazon india, Amazon pay, Amazon.com Inc, amazon website News

Adani wants to bring in ‘Googles, Amazons of the world’ with Indian data hubs

Gautam Adani is setting his sight on what he believes could become another big money maker

Industry News

Jeff Bezos’ Amazon may hit $1 trillion sweet spot again after 7-day streak

Amazon has added about $119 billion in market value since the end of May.

amazon, amazon inc News

Vodafone CEO takes $1.6 million bonus cut after share slide

The move heads off a potential showdown with investors at the company’s annual shareholder meeting on July 23. Institutional Shareholder Services, one of the most influential proxy advisers, had recommended that Vodafone sh

Vodafone, Vodafone CEO, industry news, Vodafone news, Vodafone india, vodafone share, News

Amazon will co-develop ‘Lord of the Rings’ game with Leyou

Amazon.com Inc. has scooped up another piece of entertainment based on “The Lord of the Rings.”

amazon, amazon inc News

France to end Homeopathy funding

The Lyon-based company, which competes with Switzerland’s Weleda AG and others in the market for homepathic remedies, has seen its stock price lose about 20% in the past two months amid apprehension over the government’s

France, Homeopathy funding, Homeopathy, WHO, Emmanuel Macron, France, Homeopathy medicine,  News

Germany’s Angela Merkel suffers third bout of shaking during ceremony

In subsequent days she also appeared to be fine, joking about the incident. The second incident over a week later, which occurred indoors, she tried to explain as a psychological effect.

Germany, Angela Merkel, German Chancellor, ceremony, Ukrainian President, Volodymyr Zelenskiy, world news, germany news

Once little-noticed PhonePe is now emerging as surprise benefit for Walmart post Flipkart acquisition

PhonePe -- which means “on the phone” in Hindi and is pronounced “phone pay” -- has grown into one of India’s leading digital payments companies.

Industry News

Trump administration says Huawei still blacklisted, except when it’s not

Like Donald Trump and other high-level U.S. officials, Ross did not specify a time frame or elaborate on what constitutes a national security threat

Industry News

Facebook sets goal to double female workforce in five years

Facebook released the new targets alongside its annual diversity report, which details the ethnic and gender breakdown of its workforce.

facebook, facebook workforce, female workforce, female employees, Hispanic employees, us, industry news

Spotify eyes bottom of the pyramid users in India with Spotify Lite app

Spotify’s biggest challenge remains the royalties it pays for music rights, which eat up more than 60% of revenue and are a major source of its losses

Industry News

Bitcoin breakout may be ahead as technicals show rally extension

The cryptocurrency broke above its upper band limit for the first time this year in early February, for instance, and reached a fresh yearly high shortly afterward.

Bitcoin, blockchain technology, Oanda Corp, bubble-like gains, market news

Amazon workers plan Prime Day strike at Minnesota warehouse

Amazon.com Inc. warehouse workers in Minnesota plan to strike during the online retailer’s summer sales extravaganza, a sign that labor unrest persists even after the company committed to paying all employees at least $15 a

World News

India may raise Rs 68,000 crore selling bonds overseas this year

India plans to raise as much as $10 billion from its first overseas sovereign bonds leveraging on the huge appetite for its debt in the foreign market, a top finance ministry official said.

Markets News