WORLD


US President Donald Trump's top economic adviser Gary Cohn, former president of Goldman Sachs bank, has resigned amid a major internal clash over President Donald Trumps decision to impose tariffs on aluminium and steel imports.   It is the latest in a series of high-profile...

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Amit Kapoor (IANS) 06 March 2018
The developing wave of economic nationalism across the world has reached disconcerting levels. President Donald Trump's recent move to raise tariffs on import of steel and aluminium into the US signalled the pinnacle of the global shift towards protectionism.   To be fair, the US is...

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Dr Philip Kotler 28 February 2018
Do We Need a New Vision that Will Better Fit the Reduced Global Level of American Power and Influence?   If our government’s financial resources are strained to the point where the government periodically faces a possible shutdown, the government needs to change our priorities!  The...

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Dr Philip Kotler 27 February 2018
Before the Trump Presidency, US citizens had a fairly solid vision of what the country stood for.  Our country believed in democracy, the rule of law, and human rights. We fought against hunger, bigotry, and social injustice. The nation took a liberal view of the changing economic,...

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IANS 23 February 2018
In a move that is likely to hit Indian IT firms and their employees, the Trump administration has announced a new measure that makes it tougher to issue H-1B visas to those to be employed at one or more third-party worksites.   The US Citizenship and Immigration Services (USCIS)...

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IANS 12 February 2018
The Australian government on Monday began examining the country's banks, insurers, financial services providers and pension funds, among other entities, through a royal commission established specifically for the investigation.   The year-long Royal Commission into Misconduct in the...

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IANS 06 February 2018
An oil tanker with 22 Indians on board that went missing off Benin coast in the Gulf of Guinea near West Africa on Saturday that was believed to have been hijacked by pirates has been released, External Affairs Minister Sushma Swaraj said on Tuesday.   "I am happy to inform that...

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A hacker has stolen nearly USD150,000 by tricking people to participate in a cryptocurrency Initial Coin Offering (ICO) pre-sale and guiding their payments to a fraudulent wallet address, media reported.   The cyberattacker targeted ICO, also known as a token sale, designed to raise...

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A business improvement order was given on Monday to Coincheck Inc. by Japan's financial watchdog after the Tokyo-based virtual currency exchange said last week it had lost USD532 million's worth of NEM cryptocurrency in a hacking attack.   Japan's Financial Services Agency issued the...

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Moneylife Digital Team 25 January 2018
World Bank Chief Economist Paul Romer resigned Wednesday in the wake of a huge controversy over the World Bank’s much celebrated Ease of Doing Business (EODB) ranking, which measures business competitiveness of nations. About two weeks ago, Romer had announced that the rankings would be...

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US President Donald Trump's definition of fake news is "fundamentally fake", meant to smear those who hold the powerful to account, the New York Times Managing Editor said here on Wednesday.   Trump often refers to the mainstream media as "fake news" and says that he, instead, prefers...

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Moneylife Digital Team 03 January 2018
The difference in the yields of 2-year and 10-year US Treasury (UST) securities have flattened. This has raised concerns signalling low-confidence in the short term health of the US economy, according to DBS bank’s Philip Wee and Eugene Leow.   Investors lock-in their money in...

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IANS 28 December 2017
Apple earned the maximum per unit profit at $151 in the third quarter of 2017, followed by its arch rival Samsung which earned $31 profit per unit, a new research from Counterpoint said on Thursday.   "Apple's per unit profit is five times higher than Samsung -- that has one of the...

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IANS 27 December 2017
The founder of the debt-laden technology conglomerate LeEco has been ordered by the Chinese authorities to return to his country by the end of December to take care of the company's debts.   According to a notice served to Jia Yueting by China Securities Regulatory Commission (CSRC)...

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Ranjana Narayan (IANS) 22 December 2017
As India prepares to celebrate the silver jubilee of its partnership with ASEAN in a big way, a key border trade link with Myanmar, the closest neighbour of the vibrant Southeast Asian bloc, continues to be hobbled by infrastructure and other issues -- 22 years after it was...

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IANS 18 December 2017
Embattled Indian miner Adani Group has parted ways with mining services giant Downer and said it will build and run the Carmichael coal mine, Australia's biggest coal venture in central Queensland's Galilee Basin, on its own, a media report said.   Adani in a statement on Monday...

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IANS 27 November 2017
Black Friday and Thanksgiving online sales in the US rose to record highs, while brick-and-mortar store traffic fell slightly, heralding divergent trends in retail industry in the year-end shopping season, according to retail analytics firms on Sunday.   The online sales on Black...

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IANS 15 November 2017
Political turmoil escalated in Zimbabwe as the military took control of the African country and seized its leader President Robert Mugabe early on Wednesday but claimed it was "not a military takeover".   Despite the statement, the events bore all the hallmarks of a coup, with...

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Moneylife Digital Team 09 November 2017
For Indian supporters of Aadhaar, who often put forth big claims of how social security numbers (SSN) used in the US are helping that country, here is a shocker. The Senate Commerce Committee, while probing how to protect consumers against major data breaches, came to a consensus that the SSN...

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Amit Kapoor (IANS) 31 October 2017
In an expected and welcome turn of events, the Indian economy received a Rs 9-trillion resolution to its bad loan and slow growth problem. The government unveiled its plan to pump Rs 2.11 trillion into over-leveraged state-owned banks over the next two years and another Rs 7 trillion into an...

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