Business

KFC Wants You to Name Your Newborn After Colonel Sanders

KFC Wants You to Name Your Newborn After Colonel Sanders This isn't a clucking joke, people . With old-fashioned baby names coming back into style , KFC is hoping to make Harland the next trendy pick. "Harland. Anyone 21 and older who has a child born between midnight and 11:59 p.m. on September 9 and legally names the child Harland is eligible for the grand prize. [Full Article...]

Argentina's currency collapses despite massive rate hike as possible debt default looms

Argentina's currency collapses despite massive rate hike as possible debt default looms Al Jazeera's Paul Chaderjian reports. Tens of thousands of people marched through downtown Buenos Aires on Thursday evening demanding higher budgets for public universities and higher salaries for university professors and staff. Ratings agency Moody's said the Central Bank's move was "a clear signal that economic policy approaches have not been sufficient to contain the financial pressures faci... [Full Article...]

Due to Trump tariffs, Ford cancels 2019 Focus

Ford Motor Co. on Friday said it is canceling plans to import a wagon version of the Focus to the USA from China because tariffs enacted by the Trump administration would cut into profits too much. This officially leaves just one passenger auto in Ford's U.S. lineup, the Mustang. From our earlier reporting, the automaker is planning on having 90 percent of its products be trucks, SUVs or commer... [Full Article...]

President Trump cancels pay raises for federal employees set for January

President Trump cancels pay raises for federal employees set for January But Trump's pay freeze comes even as he touts a booming economy. Under the law, the 2.1 percent raise takes effect automatically unless the president and Congress act to change it. "Federal employees have had their pay and benefits cut by over $200 billion since 2011, and they are earning almost 5 percent less today than they did at the start of the decade", said J. [Full Article...]

India`s economy grows at robust 8.2 percent in June quarter

India`s economy grows at robust 8.2 percent in June quarter Gross domestic product in the country grew 8.2% year-over-year last quarter, according to government data out Friday , up from 7.7% in the first three months of 2018. The strong construction growth is also likely to aid recovery. Agricultural, forestry and fishing sector recorded growth of 5.3 per cent, up from 3.0 per cent, mainly due to more than a 15 per cent increase in production of rice, co... [Full Article...]

Talks with Canadian officials expected after US-Mexico deal

Talks with Canadian officials expected after US-Mexico deal We're going to call it the United States-Mexico Trade Agreement, and we'll get rid of the name NAFTA". Through an interpreter, Pena Nieto reminded Trump four times Monday that he hoped Canada would be part of an eventual trilateral agreement . [Full Article...]

Canada talks said to break up with no agreement

Canada talks said to break up with no agreement Intense negotiations between Canada and the USA broke down Friday after a newspaper reported Mr. Trump's off-the-record comment that he is not compromising with Prime Minister Justin Trudeau's government, saying it the deal would be " totally on our terms ". [Full Article...]

European Union readies survey on whether to abolish daylight savings time

European Union readies survey on whether to abolish daylight savings time European Commission President Juncker put the summertime question on the political agenda as part of his pledge to allow Member States to take decisions where they are best placed to do so. European leaders and the continent's auto industry have been offering to drop the EU's 10% tariff on passenger vehicles, a persistent target of Trump's complaints. [Full Article...]

Rupee Slips to Fresh Record Low of 70.82 Against US Dollar

Rupee Slips to Fresh Record Low of 70.82 Against US Dollar The Indian unit dipped to a fresh all-time low of 70.90 in volatile trade, it was trading at 70.69 at 1030 hrs. "Most emerging market currencies were down and this also pressurised the Indian rupee ". The slide was triggered by factors like crude prices hitting multi-month highs fuelled by supply shocks along with concerns over widening current account deficit (CAD), said business news wire R... [Full Article...]

Indian economy grows 8.2% in Q1, highest in 15 quarters

Even with the updated base year, experts had been estimating the GDP growth to remain in the range of 7.5-7.6 per cent during the June quarter. Gross Value Added (GVA) for the given quarter rose by 8 percent as against 5.6 percent in the same quarter of past year. [Full Article...]

Donald Trump threatens to pull USA out of World Trade Organisation

Donald Trump threatens to pull USA out of World Trade Organisation Washington has also blocked the election of new judges to the WTO's dispute settlement system, to potentially paralyse its ability to issue judgments. The third round of tariffs on $200 billion of Chinese goods could come as soon as a public-comment period concludes next week, the BBC quoted a report as saying. [Full Article...]

Aston Martin CEO hopes to complete IPO by end of the year

Aston Martin CEO hopes to complete IPO by end of the year Ltd, the British maker of sports cars in movies from Goldfinger to Skyfall , is considering an initial public offering (IPO) in London . Ltd intends to float on the London Stock Exchange, completing a turnaround after new models and a surge in volumes helped the iconic brand return to profitability following years of losses. [Full Article...]

Coca-Cola digs into coffee with $7b Costa purchase

Coca-Cola digs into coffee with $7b Costa purchase The firm, which earlier this year planned to demerge Costa and list it as a separate entity, said that a sale of the business is now "in the best interests of shareholders". It is now present on most British high streets, with 2,422 outlets across the country and a further 1,399 in worldwide markets, operated as franchises, joint ventures and wholesale outlets. [Full Article...]

Buffett says Berkshire buying own stock, and more of Apple

Buffett says Berkshire buying own stock, and more of Apple Buffett also said Tesla CEO Elon Musk should have immediately clarified his controversial "funding secured" tweet earlier this month. The current round pegs Paytm's valuation at about $10-$12 billion. The news comes in at a time when India has turned into a battleground for winning the digital payments war. "I don't know Berkshire's selection criteria officially but this deal is an acknowled... [Full Article...]

Panasonic raises doubts over United Kingdom manufacturing amid Brexit concerns

A spokesperson for the firm could not comment on the numbers of people who would have to move to Amsterdam. The Japanese technology giant announced today that it will move its European headquarters from the United Kingdom to Amsterdam in October as Brexit approaches. [Full Article...]

Trump slashes federal pay increase

Trump slashes federal pay increase That law provided steep tax cuts for corporations and the wealthiest Americans, and more modest reductions for middle- and low-income individuals and families. The Trump administration has previously proposed cutting federal employee retirement benefits. Among the factors the president can consider: economic growth, unemployment, various measures of inflation and the budget deficit. [Full Article...]

ARGENTINA NEXT? Peso PLUNGES 45% as Currency Collapses

The Argentinian currency fell again Wednesday to close at an all-time low of 34.2 pesos per U.S. dollar . Onerous borrowing costs combined with government spending cuts and a drought that crippled Argentina's agricultural sector this year have slammed Latin America's third-largest economy. [Full Article...]

Tesla Model S goes airborne on video, driver charged

Tesla Model S goes airborne on video, driver charged With a security camera observing, the scene unfolded shortly after 8:30pm Tuesday in Barrie , 70 miles north of Toronto, reports CTV News . Both the people who were sitting in the vehicle were treated for minor injuries after crash-landing. [Full Article...]

Appeal Court quashes approval of Trans Mountain pipeline expansion

Appeal Court quashes approval of Trans Mountain pipeline expansion A Canadian court has overturned Ottawa's approval of a hotly-contested pipeline project - throwing plans to almost triple the flow of Alberta's landlocked bitumen to the west coast into limbo - in a ruling hailed by environmentalists and Indigenous groups. [Full Article...]

Argentina now has highest interest rate in the world

The central bank raised its policy rate to 60% from 45%, and pledged not to lower the interest rate at least until December. A man walks past a currency exchange board in Buenos Aires' financial district, Argentina August 30, 2018. The peso is down 49 percent this year. Macri's cabinet chief, Marcos Pena, told reporters on Thursday the government would "find ways to hasten the fiscal tightenin... [Full Article...]


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