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Nobel Prize For Economics Goes To Climate Change And Growth Models

Nobel Prize For Economics Goes To Climate Change And Growth Models

William Nordhaus, of Yale University in New Haven, Connecticut, built a model that integrated economics, the carbon cycle and climate theory. Previous macroeconomic research had emphasized technol...

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IMF lowers SA's economic growth forecasts

IMF lowers SA's economic growth forecasts

The global organisation said that India's growth has rebounded from "transitory shocks" such as the demonetisation of high value currency notes and the introduction of the Goods and Services Tax . ...

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India defies USA, buying Iranian oil despite sanctions

India defies USA, buying Iranian oil despite sanctions

Last week, Saudi Arabia, the biggest producer among the Organization of the Petroleum Exporting Countries ( OPEC ), announced plans to lift crude output next month to 10.7 million bpd, a record. "Indi...

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China avoids questions about Apple, Amazon chip hack report

China avoids questions about Apple, Amazon chip hack report

On Thursday, Bloomberg Businessweek claimed that tiny spy chips were secretly installed in servers of nearly 30 American companies, including a major bank, government contractors and Apple and Ama...

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U.S. may grant waivers on Iran crude sanctions

U.S. may grant waivers on Iran crude sanctions

The administration is "prepared to work with countries that are reducing their imports on a case-by-case basis", the official said. The official, speaking on the condition of anonymity, said the adm...

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Was Your Facebook Account Cloned In Last Week's Breach? Guess Again

Was Your Facebook Account Cloned In Last Week's Breach? Guess Again

If you're still wondering if your profile was actually cloned, one way to check is to search your name on Facebook and see if more than one account with your photo shows up. "Hi.I actually got another...

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Petrol, Diesel prices rise in metros despite cuts; Check todays rate

Petrol, Diesel prices rise in metros despite cuts; Check todays rate

Rs 76.75 after the state of Maharashtra provided a relief of Rs. 1.56 per litre. The data shows that as of October 5, 2018, the prices of petrol and diesel in Delhi are Rs 81.50, reduction from Rs...

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5 million pounds of beef recalled for possible salmonella

5 million pounds of beef recalled for possible salmonella

The USDA is anxious that some of the beef is already in consumers' freezers. "The most important thing people can do is to throw away beef products that they have at home that have been recalled...

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Tsukiji market's last days: One final sunrise

Tsukiji market's last days: One final sunrise

The relocation of the historic market has always been in the works but faced opposition from some vendors right up until its final days. On Saturday, the market is closing and moving to a new locati...

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Officials warn against Facebook hoax messages

Officials warn against Facebook hoax messages

I actually got another friend request from you yesterday which I ignored so you may want to check your account", reads the viral message that is completely bogus. That will give you all the informatio...

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US ‘actively considering waivers on Iran oil sanctions’

US ‘actively considering waivers on Iran oil sanctions’

West Texas Intermediate (WTI) for November delivery on Friday rose to US$74.34 a barrel on the New York Mercantile Exchange. "Our Indian friends have always been categorical in terms of their intent...

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Job market bounces back in September

Job market bounces back in September

August saw a net decline of more than 51,000 positions, pushing the unemployment rate to six per cent. Year-over-year, employment is up by 220,000 jobs or 1.2 per cent. And the labour force survey fou...

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Wall St succumbs to soaring bond yields

Wall St succumbs to soaring bond yields

Markets in mainland China remained closed for a weeklong holiday. Among technology companies, chipmaker Nvidia lost 3.4 percent to $269.86 and Apple slipped 1.6 percent to $224.29. Danske Bank fe...

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Precision Drilling buying Trinidad Drilling in a $1-billion deal

Precision Drilling buying Trinidad Drilling in a $1-billion deal

Trinidad's customer mix and rig fleet is complementary to Precision's and would position the larger fleet for Western Canada's Deep Basin development, which it said is poised to grow via more drilling...

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Jobless rate falls to lowest since '69

A total of 134,000 new jobs were added to the US economy last month. The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 1.4 million over the month; these i...

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RBI flags six key risks to inflation outlook

RBI flags six key risks to inflation outlook

Taking all these factors into account, the committee predicted that both growth and inflation will continue well into 2019-20, where inflation is projected at a 4.8%, depending on a few domestic and...

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Mattress Firm files for bankruptcy

Mattress Firm files for bankruptcy

The Houston-based retailer has also struggled with overexpansion after it purchased Sleepy's in 2016 and Mattress Giant in 2012, resulting in too many stores - 3,300 total - located too close to each ...

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Oil prices continue to surge

Oil prices continue to surge

Oil producers have added a total of about 1 million bpd output in "recent weeks and months" and the global market was well supplied, Falih said. West Texas Intermediate for November delivery fell $2...

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Higher U.S. Treasury Yields to provide further boost to the greenback

Nonfarm payrolls increased by 134,000 jobs last month, the fewest in a year, but the Labor Department report also showed a steady rise in wages, implying a rise in inflation, which could keep the Fed...

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Peso falls to new 13-year low of 54.32 per dollar

Peso falls to new 13-year low of 54.32 per dollar

But the Fed is prepared, if necessary, to raise rates past "neutral" to a level where they are restraining growth, he said. He also said they may go past neutral, but they are a long way from neutral ...

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Postal worker quits, boxes of mail found dumped on side of road

Postal worker quits, boxes of mail found dumped on side of road

Special Agent Scott Balfour, of the USPS Office of Inspector General, said authorities tracked down the employee who threw the mail out, but the person had already quit. A photo of mail dumped on the ...

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Canada Posts Strongest Jobs Gain This Year, Led by Part-Timers

Canada Posts Strongest Jobs Gain This Year, Led by Part-Timers

Canada recorded its first trade surplus for more than 18 months in August as unusually timed shutdowns at auto plants helped cut imports at a greater rate than exports, Statistics Canada said on Frida...

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Lenovo and ZTE shares hit by spyware row

Lenovo and ZTE shares hit by spyware row

The story came the same day Vice-President Mike Pence criticised China across economic, commercial and diplomatic fronts in a keynote speech . Lenovo (0992.HK) and ZTE Corp (0763.HK) shares slid on...

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Unilever backs down on headquarters move to Netherlands

Unilever backs down on headquarters move to Netherlands

It dealt a major blow to the UK Government and its efforts to uphold Britain's status as a centre for business after Brexit . Unilever employs about 169,000 people around the world. "We have had an...

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Emergency response at Sydney airport after pilot makes mayday call

Emergency response at Sydney airport after pilot makes mayday call

According to reports , passengers had no idea such a precaution was taken by the crew. "The aircraft taxied to the gate and all customers disembarked normally", the airline said in a statement. "No...

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Centre cuts fuel prices by Rs. 2.5

Centre cuts fuel prices by Rs. 2.5

He accused the Modi government of a "Rs 13 trillion fuel loot" by imposing heavy excise duty on petrol and diesel in the last four years and the benefits of low global prices were not passed on to t...

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New British proposal for Irish border ‘step in right direction’: European Union source

New British proposal for Irish border ‘step in right direction’: European Union source

He added: "Chequers keeps us basically locked in an European Union legislative system, and [Plan A+] sets us free to prosper and do free trade deals around the world". Mr Tusk said that now the Conser...

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May planning to rush Brexit through parliament

May planning to rush Brexit through parliament

May, who received a standing ovation after dancing onto the stage to Dancing Queen by ABBA, said she was confident that she could clinch a deal with the EU. She also signalled an end to the almost d...

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Trump lauds NAFTA successor as win, chides tariff 'babies'

Trump lauds NAFTA successor as win, chides tariff 'babies'

The United States had forged a separate trade deal with Mexico , the third member of NAFTA , in August. HIS approach to rebooting the North American Free Trade Agreement has been unconventional ...

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Beijing blasts Pence’s speech on ‘Chinese meddling’

Beijing blasts Pence’s speech on ‘Chinese meddling’

China has responded to Trump's decision to levy tariffs on $250 billion of its exports with its own tariffs on US goods, including soybeans and other agricultural products. The People's Republic of Ch...

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