Money

Elon Musk video touts test of speedy tunnel transit system

Elon Musk video touts test of speedy tunnel transit system

He posted a video of a skate at work. In December 2016, Elon Musk tweeted out that traffic in LA was driving him nuts, and that he was going to get a tunnel boring machine and "just start digging". To those unfamiliar with Los Angeles, the most congested city in the U.S. His plan includes platforms that act like elevators carrying the cars to an underground series of tunnels. Read More

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German economy gathers momentum in first quarter

European stocks are set to open mixed this morning, with investors focused on strong first quarter economic data from Germany as the region's benchmark test multi-year highs . This should continue to be the case because employment continues to reach record levels and the era of very low wage settlements is long over. Looking ahead, Germany could surprise observers with even faster growth over the rest of the year, said analyst Florian Hense of Berenberg bank. Read More

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US, China agree to first trade steps under 100-day plan

US, China agree to first trade steps under 100-day plan

As part of the deal, Ross told reporters that China has agreed to accept us beef imports by July 16, which would be almost a year after Beijing said it would start buying beef again under the Obama administration. The agreement would also ease import restrictions on agricultural goods, including ending China's ban on beef imports that was imposed in 2003 after a case of mad-cow disease. Read More

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British Gas loses customers in price cap row

British Gas loses customers in price cap row

Earlier this week, before May's announcement, The Share Centre investment research analyst Graham Spooner noted that the firm had come under political pressure to reduce prices and had been in dialogue with the United Kingdom government on alternative ways to improve the domestic energy market. Read More

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Rajnath Calls for 'Unity of Purpose' to Tackle Naxals

Rajnath Calls for 'Unity of Purpose' to Tackle Naxals

The Naxal problem can not be resolved through "silver bullets" or any shortcut but through short-term, medium-term and long-term solutions, said Mr Singh, who is chairing the meeting. The camps of the CRPF or Central Reserve Police Force should be adequately equipped with power and water and connectivity. Mr. Singh also asked the CAPF personnel to learn and respect the local customs and traditions of tribals, wherever they are posted. Read More

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Puerto Rico files for bankruptcy protection

Puerto Rico's situation is ugly. In addition to its debt, Puerto Rico is facing a 45 percent poverty rate, a shrinking population and unemployment more than twice the USA average. Even worse, CNNMoney found that a doctor a day has left Puerto Rico, causing a severe shortage of medical help as the island was fighting the Zika crisis. Read More

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China April exports, imports rise less than expected

China April exports, imports rise less than expected

While exports increased at a slower rate than March, when they soared by 16.4%, they marked a second consecutive month of growth after a 1.3% fall in February. In U.S. dollar terms, exports went up 8 percent in April, nearly on par with the 8.2-percent gain registered in the first quarter. The state planner said last month it will stop accepting from May 5 new applications from private oil refiners seeking approval to use imported crude oil. Read More

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'Fighting Joshua will be like a cat playing with wool'

'Fighting Joshua will be like a cat playing with wool'

Fury, 28, has dealt with depression and lost his boxing licence since beating Wladimir Klitschko in November 2015. "But with Joshua boxing is going to be a whole different ball game and everyone is going to want to watch him fight". "It didn't slip away - I just couldn't be bothered no more". You can take a guy with nothing, clean them up and next thing he's meeting the President of the United States or the Prime Minister of the UK. Read More

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Baba Ramdev calls for '100 heads' for each Indian soldier's death

Baba Ramdev calls for '100 heads' for each Indian soldier's death

This is, however, a big relief for the other FMCG players, since Patanjali has already eaten away a major chunk of the market shares of its peers and they would not want to give away their share of the market to Patanjali. He also quoted that Patanjali will be headed by a Sanyasi after him and there will be absolutely no involvement of any business tycoons. In 2016-17, Patanjali Ayurved contributed Rs 9,634 crore to its turnover, while Divya Pharmacy, which manufactures ayurvedic medicine, had ... Read More

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US trade deficit narrows in March

US trade deficit narrows in March

The Commerce Department said the trade deficit narrowed to $43.7 billion in March from a revised $43.8 billion in February. At the same time, exports to the European Union and South Korea rose to records, while shipments to Germany were the highest since 2008. Read More

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Protesters plan for Pres. Trump's first trip to NYC

Australia's prime minister said Wednesday that he and U.S. President Donald Trump will engage as two seasoned businessmen-turned-politicians when they meet for the first time , focusing on North Korea, security and economic issues. Around 80 percent of the city's electorate voted for his opponent Hillary Clinton, and the massive police presence - and cost - of securing his Trump Tower home and headquarters in the wake of the election were deeply unpopular. Read More

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Moderates balk at conservative-backed, revised health bill

Moderates balk at conservative-backed, revised health bill

It would allow insurers to charge them more for coverage, and also it would let insurers once again offer skimpy policies. "We want to bring down costs; we want to preserve insurance for people with pre-existing conditions and we want to respect the fact that states have different issues, different health care marketplaces and we want to give states greater flexibility to get the maximum reduction in policies and premiums so we can get the best possible health care system". Read More

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Is this a new Trump? Abrupt reversals may reflect experience

However, it put China, China's Taiwan, Japan, South Korea, Germany, and Switzerland on its Monitoring List, saying their foreign exchange policies bear close monitoring. He said China may not be manipulating their currency "at the moment because it doesn't suit their economic needs" but "make no mistake about it, as soon as the tide turns they will", he said, adding that the Trump has given them a "green light to steal our jobs". Read More

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AT&T unexpectedly loses postpaid subscribers in first quarter

AT&T unexpectedly loses postpaid subscribers in first quarter

AT&T recently announced the FirstNet deal that gives the operator access to 20 megahertz of low-band spectrum. AT&T has five business days to match or exceed the bidder's offer. Operating margins were a strong 30.1%. In the same period from past year, AT&T reported $0.72 in EPS and $40.53 in revenue. Wireless service revenues were up.9 percent, reflecting smartphone and tablet gains, and continued migration from consumer plans. Read More

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