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29th of April 2017
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BBC News - Business
MPs say 'dominance' of big home-building firms must end
A 'broken' housing market needs a bigger contribution from smaller building firms, MPs say.
'Fire sale' risk with Bank capital approach, says Vickers
Parliament is investigating whether UK banks have the capital means to keep going during a shock.
Niger 'cleared' over Areva uranium deal
A group of MPs says French nuclear giant is solely responsible for a controversial $320m deal.
'Luxury' Fyre Festival is cancelled with ticket-holders still stranded in Bahamas
A luxury music festival in the Bahamas is postponed after reports of cancelled flights and no security.
US growth rate hits three-year low
President Trump faces a greater challenge in meeting his growth pledge after weak data.
Qualcomm says Apple withholding royalty payments amid legal row
Apple sued chipmaker Qualcomm in January and is now withholding payments until the row is resolved.
Test your knowledge of the first 100 days of Donald Trump's Presidency
Amazon 'style assistant' divides opinion
Amazon's new Echo Look device takes full length photos and offers advice on outfit choices.
Top Indonesia phone company Telkomsel's website defaced
The attacker replaced the homepage with a profanity-laden message criticising the company.
Google and Facebook duped in huge 'scam'
The two tech firms have confirmed they were tricked out of $100m (£77m) in an alleged scam.
Eurozone inflation picks up to 1.9%
Inflation in the eurozone accelerated in April, returning to the European Central Bank's target.
UK economy grows by 0.3% as service sector slows
UK economic growth slowed by more than expected at the start of the year as the service sector stalled.
Reuters: Business News
Bailout or bust? Alitalia divides a nation, paralyzes Rome
ROME/MILAN (Reuters) - Italians are watching their flag carrier Alitalia go into yet another financial tailspin, and a growing number of them believe
Zalando ponders opening stores in major cities: Manager Magazin
BERLIN (Reuters) - Online fashion retailer Zalando is pondering opening stores in major cities such as London, Paris or Berlin, the company's co-chi
Google gets Australian tax office demand to pay more, says to fight it
SYDNEY (Reuters) - Alphabet Inc's Google said it will challenge amended tax assessments issued by the Australian Taxation Office (ATO), which is try
Amazon's moves beyond retail get Wall Street thumbs up, for now
SAN FRANCISCO (Reuters) - Amazon.com Inc's ventures far beyond online retail, from cloud computing to movie making, are raising questions among corpo
Tesla must complete brake fix to regain top safety rating: Consumer Reports
DETROIT (Reuters) - Tesla Inc needs to complete fixing its Model S sedan emergency braking system to regain Consumer Reports' top safety rating, the
Shaw Communications explores selling ViaWest: sources
(Reuters) - Shaw Communications is looking for a buyer for ViaWest, the U.S. data center company it bought three years ago, according to people famil
U.S. Congress passes short-term bill to avert government shutdown
WASHINGTON (Reuters) - The Republican-led Congress averted a U.S. government shutdown on Friday and gave lawmakers another week to work out federal sp
Wall Street slips on weak GDP data, but indexes rise in April
NEW YORK (Reuters) - Stocks edged lower on Wall Street on Friday after data showing the U.S. economy grew at its weakest pace in three years in the fi
U.S. airlines overhaul overbooking after United fiasco
NEW YORK (Reuters) - The backlash against the rough removal of a United Airlines passenger to make room on a crowded flight has opened a divide in th
Apple, Tesla ask California to change its proposed policies on self-driving car testing
(Reuters) - Apple Inc has asked the state of California to make changes in its proposed policies on self-driving cars, the latest sign the technology
U.S. first quarter growth weakest in three years as consumer spending falters
WASHINGTON (Reuters) - The U.S. economy grew at its weakest pace in three years in the first quarter as consumer spending almost stalled, but a surge
Weekahead: Hot earnings to keep fire under growth-stock rally
NEW YORK (Reuters) - Don't look for the outperformance of growth stocks to fade any time soon, as long as corporate earnings continue to improve and
UN News Centre - Economic
Accurate occupational data vital to save lives, says UN labour agency on World Day
Even though more than 2.3 million fatalities and 300 million accidents resulting in injuries are estimated to occur in workplaces around the globe eac
Strong partnerships key to unleash full potential of industrialization, senior UN official says
Speaking at the conclusion of a global meeting on importance of agriculture and agro-industries for sustainable and resilient food systems, the Presid
Turning problems into progress: UN celebrates ‘risk-takers’ on World Intellectual Property Day
On World Intellectual Property Day, the United Nations is spotlighting innovation – “future-shapers and risk-takers” – explori
UN Commission celebrates 70 years of 'connecting countries and driving progress in Europe'
The United Nations Economic Commission for Europe (UNECE) is celebrating 70 years of bringing countries across the continent together to cooperate o
UN forum highlights importance of stronger partnerships for financing sustainable development
Underlining the importance of sustainable finance for the implementation of the 2030 Agenda for Sustainable Development, senior United Nations officia
New UN guidelines to make international trade in plants and seeds safer
A United Nations commission overseeing plant health has adopted a new global standard to ensure that international trade in plants and seeds – v
PODCAST: Biking from India to Sweden for love – a tale of happiness
Love at first sight. An inevitable separation. A seemingly impossible journey for love mixed with a dash of art and late 1970s ‘hippie culture.&
Guidelines on keeping illegally caught fish from global supply chains near ‘finish line’ – UN agency
A push to establish internationally-agreed standards to keep illegally caught fish off store-shelves and consumers' plates has taken an important ste
Global trade to expand by 2.4 per cent in 2017 amid ‘deep’ geopolitical, economic uncertainty – WTO
While forecasting that growth in the volume of global merchandise trade is expected to rebound this year from its weak performance in 2016, the World
On International Day, UN celebrates historic event that opened doors to outer space
The United Nations today commemorated the International Day of Human Space Flight to celebrate the 56th anniversary of the first human space flight, w
Money migrants send home a ‘critical lifeline’ for one in seven people worldwide
Despite the political fire drawn by the ongoing migrant crisis in Europe and beyond, a senior official from the United Nations International Fund for
National policies can offset impact of joblessness caused by market competition – UN partner report
Trade and trade-related policies have a role to play not just in promoting growth and prosperity, but helping share that prosperity more widely, Unite
Business News - UPI.com
Navy issues contract for recoating, resurfacing of vessel surfaces
International Marine & Industrial Applicators and QED Systems have been awarded a $260.1 million joint contract for coating work on U.S. Navy vess
BAE to launch fourth British Astute-class attack submarine
BAE Systems debuted Britain's fourth Astute-class submarine when it was rolled outThursday, ahead of being lowered into the water Friday morning.
Canadian Commercial Corp. receives contract for naval optics
Canadian Commercial will provide the Military Sealift Command Situational Awareness System Electro-Optics Sensor system for the U.S. Navy and Coast Gu
U.S. Navy to christen newest Virginia-class submarine
The U.S. Navy will christen its latest submarine of the Virginia-class, the USS Indiana, on April 29 at Huntington Ingalls Shipyard in Newport News, V
Navy exercises nuclear fuel contract options for subs, aircraft carriers
A BWXT subsidiary is to manufacture nuclear fuel and conduct other activities for U.S. Navy submarines and aircraft carriers, the company announced th
Sweden orders additional anti-ship missiles from Saab
Saab has received an order from the Swedish Defense Material Administration for production and delivery of additional anti-ship missiles, the company
SM-6 missile completes final round of tests for U.S. Navy
The U.S. Navy completed a final series of tests for Raytheon's SM-6 missile, certifying it for full operational capability.
U.S. oil earnings, legislation, lift prices, but GDP may offset gains
Pro-oil U.S. legislation was supporting a rally for oil prices early Friday, though growth figures from the world's largest economy could throttle th
Exxon more than doubles first quarter earnings over last year
Cost-saving efforts, coupled with improved market conditions, meant earnings for the first quarter more than doubled from last year, Exxon Mobil said
French major Total impresses with Venezuelan shale
At a time when volatility is an emerging trend in the energy sector, French supermajor Total remains an attractive player, an investment profile read.
EU to start first-ever energy forum with Iran
With trade levels growing in response to easing sanctions, the energy commissioner for the European Union said Friday he was headed to Iran to strengt
Libya confirms restart of its largest oil field
Libya's national oil company said there may be long-standing agreements in place to keep the taps open in the company to the tune of 200,000 barrels
Newsmax Finance - Economy
Greenspan: Trump Has Arithmetic 'Problem' With His Budget
Former Fed chief sees bigger deficits, higher interest rates; Greenspan praises Trump’s deregulation moves as ‘valuable’
Broke Chicago Schools Seek Court Help as $721 Million Pension Bill Looms
Chicago's debt-ridden schools are running out of options.The nation's third-largest school district -- whose credit rating has tumbled well into jun
Larry Kudlow: Trump Needs to Rally Support for Tax Cuts
Larry Kudlow, the veteran financial guru and former economist in the Reagan administration, said President Donald Trump needs to follow up on his tax-
BlackRock's Fink: Baby Boomers Work Against Trump's Growth Plan
Larry Fink, chief executive officer of the world's biggest asset manager BlackRock Inc., said the Trump administration's tax plan will have a hard t
Consumer Sentiment Little Changed in April
Household sentiment was little changed in April from the previous month, holding at an elevated level on optimism about personal finances, University
Amazon Surge Places Bezos Within $5 Billion of World's Richest Crown
Amazon founder’s fortune has risen $65.2 billion in five years; Gates has been the world’s No. 1 billionaire since May 2013
Employment Costs, Wages, Benefits Climb Steadily This Year
The Labor Department says that total compensation was up 0.8 percent in the first quarter, slightly faster than 0.5 growth in the last quarter of 2016
Economic Growth Weakens to 3-Year Low of 0.7 Percent
The U.S. economy turned in the weakest performance in three years in the January-March quarter as consumers sharply slowed their spending.
S&P Warns: Sears, 9 Other Public Retailers Most in Danger of Default
Number of bankruptcies so far this year has already come close to 2016 total
Retailers and Insurers Get Taxed More, Tech Less
The U.S. has high corporate taxes compared with other developed countries. That means companies that make most of their money inside the U.S. pay more
El-Erian: Fed Moving Appropriately; ECB Too Hesitant
The U.S. Federal Reserve is moving appropriately on the path to unwind asset purchases and normalize rates, while the European Central Bank (ECB) may
Business Spending Likely Gained Momentum in First Quarter
New orders for U.S.-made capital goods rose less than expected in March, but a second straight monthly increase in shipments suggested business invest
Congress removes Digvijaya Singh as Goa, Karnataka in-charge
K C Venugopal, A Chella Kumar has been named AICC in charge of Karnataka and Goa respectively
Odisha pulls the plug on Posco project, hope brightens for rival JSW Steel
State cancels land allotment, says it lay idle for 3 years as Posco didn't show interest in project
Demonetisation over, companies eye bigger slice of the consumer's wallet
Companies from retail to electricals to manufacturing seek a bigger foray into consumer goods
EC to call all party meeting on EVM issue, says Naism Zaidi
Zaidi also said that ECI is planning to hold a challenge for which time frame is being worked out
H-1B visa row: Applications up 20-35 per cent in domestic campuses
Immigration curbs spook students planning to study abroad
EPFO to provide 1 million homes to give boost to Modi's home for all vision
Dattatreya urged the state governments to provide land for this purpose wherever it is needed
Walmart to open 50 new stores in India soon; 10 of them in Telangana
Walmart currently has 21 stores in India, including one in Hyderabad
Absence of timely legal help to poor affects credibility: CJI J S Khehar
Emphasis laid on the use of technology in providing access & administration of justice
Kashmir unrest: Mobile internet services restored in valley after 2 weeks
It was suspended after a widespread student protests against security forces at a college in Pulwama
Baahubali 2 shatters records at the Indian box office
Rakes in Rs 125 cr net of tax on opening day, making it the most successful start at the box office
Arvind Kejriwal a dangerous idea that threatens the establishment
Free water, cheap electricity, Mohalla clinics to Delhi's poor, despite constraints, no mean feat
More FDI reforms to be rolled out over next year: DIPP secretary
Government is working on a set of reforms across sectors, says DIPP Secretary Ramesh Abhishek
Business News - Markets
Ministers eye £3bn B&B mortgage sell-off
The Government is to take another step towards recouping the vast sums of money injected into the banking system in 2008 by selling £3bn of Brad
Largest vessel sets record after lifting platform
The largest vessel on the planet has successfully carried out the world's biggest lift at sea, plucking a 24,000-tonne oil rig platform from the Nort
US economic growth slowest in three years
The US economy grew at its slowest rate since the beginning of 2014 during the first three months of this year, putting President Donald Trump's pled
The accidental rebalancing of the UK economy
You've probably heard this complaint before: that economic output is too imbalanced, that this country is too reliant on consumer spending, on debt,
'Criminalise drinking duty-free booze on jets'
Drinking alcohol bought in duty free on board planes should be made a criminal offence, according to airlines.
Osborne's role in growing housing market woes
What's happening in the housing market?
Marks & Spencer close to naming new chairman
Marks & Spencer (M&S) is closing in on the appointment of a new chairman as it finalises an overhaul of its leadership team aimed at accelerat
GDP shows weakest growth since Brexit vote
The UK economy grew by 0.3% in the first three months of the year, according to worse-than-expected official figures suggesting a Brexit-linked slowdo
Taxpayer stake in Lloyds cut to less than 1%
The UK taxpayers’ stake in Lloyds Bank has been reduced to less than 1% after a further sell-off of shares.
'Malicious actors used Facebook' during US election
Facebook has said its data "does not contradict" the US Director of National Intelligence's conclusion that Russia was behind efforts to interfere
Barclays profits more than double to £1.68bn
Barclays has seen its profit before tax more than double in the first three months of 2017 compared to the same period last year.
RBS makes first quarterly profit since 2015
Royal Bank of Scotland (RBS) has reported progress in its recovery, announcing its first quarterly profit since 2015.
Christian Science Monitor |
Southwest Airlines says 'no' to overbooking flights: Will more airlines follow?
Following the United Airlines incident earlier this month, Southwest announced that it will stop the practice outright. A few other carriers have
Could privatizing airport services help resolve infrastructure woes?
The Airport Privatization Pilot Program has attracted little interest from cities. But there are some signs that St. Louis’ bid could fores
Amid sexual harassment scandal, Fox News now faces racial discrimination lawsuit
Fox News anchor Kelly Wright on Wednesday joined a racial discrimination lawsuit filed by 13 people against the company, which came as
Need a ride in farm country or in a distant exurb? How one company wants to help
Liberty Mobility Now is bringing an Uber-like ride-hailing service to far flung Americans. The company aims to fill a gap in transit needs for small u
Can corporate feminism help all working women?
The push for women-friendly workplaces and policies has focused largely on individual personalities, like Ivanka Trump and Sheryl Sandberg, as well as
American tries to learn from United's mistakes after video of employee-passenger confrontation goes viral
American Airlines said it has grounded the flight attendant who got into a verbal confrontation with a passenger on Friday. The move, experts said, si
Building resilient rural livelihoods is key to helping Yemen
Yemen is facing the risk of large-scale famine. To lessen the damage, immediate support – mainly in agriculture and fishing – must be
When climate change was part of the farm bill
Climate change wasn't always the political hot potato it is today.
GM closes up shop in Venezuela after government seizes its factory
General Motors said on Thursday that it has withdrawn its operations in the South American country after local authorities illegally seized its f
How long should you keep your tax records?
Your tax work isn't done once you file your return.
Fox News cuts ties with Bill O'Reilly
The conservative news network has decided to part ways with the star cable news host over sexual harassment allegations.
Americans think their income-tax share is fair, according to polls
Congress may be headed toward passing a tax cut the public is not demanding.
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