Business

Business Swiss Bank- Pakistani money down by 21 percent
Author: 0 Swiss Bank- Pakistani money down by 21 percent

But Indians' deposits in the Swiss banks rose by 50 percent to 1.01 billion francs amid a clampdown on suspected black money stashed there after a 45 percent fall in 2016. Black money is expected to be one of the important issues in the general elections scheduled to be held in 2019. The Income Tax department had detected suspected black money running into thousands of crores post investigations on global leaks about Indians stashing funds overseas and has launched prosecution against ...

Author: 0 Wings Air flight from Semarang to Denpasar cancelled due to volcanic ash

The airport closure affected about 75,000 passengers internationally and resulted in almost 450 flights cancelled, according to Indonesia's National Disaster Mitigation Agency. However the challenge now is to clear the stranded passengers, just when flights are full for the school holidays across Australia. Sutopo Purwo Nugroho of the disaster mitigation agency said activity was going on deep under the volcano.

Business We are here to stay, hard Brexit or not — BMW bosses
Author: 0 We are here to stay, hard Brexit or not — BMW bosses

According to SMMT, investment in new plant, machinery, tooling and new models has almost halved from from £647.4m ($856m) in the first half of 2017, to £347.3m up to June 21 this year. At the enterprises of the automaker in Britain, employs about eight thousand people. After the Airbus , BMW, the auto giant, has also issued a similar warning.

Business CALIFORNIA SCHEMIN': $117,000 Salary Now Considered 'LOW INCOME' in Bay Area
Author: 0 CALIFORNIA SCHEMIN': $117,000 Salary Now Considered 'LOW INCOME' in Bay Area

New figures from the USA government show just how high the cost of living is in the Bay Area. A new HUD report shows that low income in one United States city is off the charts compared to most of the country. To afford a median-priced home in San Francisco , a family would need to make $333,270 annually. "For someone who loves the Bay Area, and loves Richmond, that breaks my heart", Galindo said.

Business Conagra Brands near deal to buy Pinnacle Foods
Author: 0 Conagra Brands near deal to buy Pinnacle Foods

Chicago-based Conagra has brands such as Reddi-wip, Hunt's, Healthy Choice and Slim Jim. Many companies are also refocusing efforts on boosting sales of frozen foods to a younger generation. "Because of our employees' incredible work, Pinnacle's total shareholder return is approximately 275% since our IPO, and today marks an important milestone in the company's journey.

Business Turkey's opposition concedes election defeat as Erdogan returns as president
Author: 0 Turkey's opposition concedes election defeat as Erdogan returns as president

His AK Party took 42.5% in the parliamentary election and its nationalist allies beat expectations with 11.1%, giving their alliance a legislative majority. North Atlantic Treaty Organisation chief Jens Stoltenberg on Monday congratulated Turkey President Recep Tayyip Erdogan on his re-election, but stressed the alliance was founded on "core values" of democracy, rights and rule of law.

Business Harley-Davidson To Shift Production Overseas To Offset EU Tariffs
Author: 0 Harley-Davidson To Shift Production Overseas To Offset EU Tariffs

On Monday, Trump said Harley waves "the White Flag" in the tariff fight - then continued to blast the firm on Tuesday . The latter tweet seems to suggest the president doesn't understand the situation as Harley-Davidson was only planning to shift some production overseas to get around the new European tariffs.

Business Trump Softens Threat Of New Curbs On Chinese Investment In US Firms
Author: 0 Trump Softens Threat Of New Curbs On Chinese Investment In US Firms

Through this review, U.S. will assess its export controls and make any modifications that may be needed to strengthen them to defend national security and technological leadership. Trump's deference to Congress in his effort to address concerns about Chinese acquisitions of United States technology gives FIRRMA a better chance of becoming law.

Business Trump Attacks, Threatens Harley-Davidson for Moving Production to Europe
Author: 0 Trump Attacks, Threatens Harley-Davidson for Moving Production to Europe

Those tariffs were imposed after the Trump administration imposed tariffs on steel and aluminum exports from Europe. Harley-Davidson, the dominant player in the heavyweight US motorcycle market, said it would not pass on any retail or wholesale price increases in the European Union and instead focus on shifting some USA production.

Business China, EU teaming up against Trump in trade war
Author: 0 China, EU teaming up against Trump in trade war

The Wall Street Journal then reported Trump would soon block more tech exports to China and prohibit Chinese companies from investing in US technology. trade representative to identify an additional $200 billion worth of Chinese goods for a 10 per cent tariff. Beijing chose to impose 659 American goods with duties in the same 25%.

Business Iran rial plunges to new lows as USA sanctions loom
Author: 0 Iran rial plunges to new lows as USA sanctions loom

As the economy in Iran deteriorates, demonstrators in Tehran protested the regime's financial support for terror proxies in the region at the expense of domestic economic needs. The Iranian rial plunged to a record low against the USA dollar on the unofficial market on Sunday, continuing its slide amid fears of returning US sanctions after President Donald Trump in May withdrew from a deal on Tehran's nuclear program.

Business OPEC And Allies Agree To Share Oil Production Increase
Author: 0 OPEC And Allies Agree To Share Oil Production Increase

Energy Information Administration figures on oil and refined product stocks. "With the global market pricing to pull crude out of the USA, this loss of US supplies will exacerbate the current global deficit, making the increase in OPEC production all the more required", the analysts wrote in the report.

Business USA tells allies they must stop importing Iran oil by November
Author: 0 USA tells allies they must stop importing Iran oil by November

The diplomatic efforts will affect several key USA allies that import significant amounts of Iranian oil, including Japan, South Korea and Turkey. On Monday, police patrolled the bazaar following clashes with protesters angered by the rial's collapse, which is disrupting business by driving up the cost of imports.

Business Trump says Harley-Davidson's problems aren't his fault
Author: 0 Trump says Harley-Davidson's problems aren't his fault

Harley-Davidson, facing rising costs from new tariffs , will begin shifting the production of motorcycles heading for Europe from the United States to factories overseas. The president has held up the motorcycle maker as an example of a United States business harmed by trade barriers in other countries. And, on top of everything else, Trump himself has threatened to retaliate against Harvey for moving some of their production out of the country.

Business Trump's Treasury Department plans limits on Chinese investment in USA technology firms
Author: 0 Trump's Treasury Department plans limits on Chinese investment in USA technology firms

President Xi Jinping's top economic adviser - said China and the European Union had agreed to defend the multilateral trading system, following talks on Monday in Beijing . Trump administration officials are denying reports that the United States is readying limitations this week on Chinese investment in American technology companies and high-tech exports to China.

Business Trump Steps Up Threats Against Harley-Davidson
Author: 0 Trump Steps Up Threats Against Harley-Davidson

Harley-Davidson plans to move a sizable portion of the motorcycles it produces outside of the United States, blaming the escalating tariff war for spiraling costs in one of its biggest markets. European officials last week imposed stiff tariffs on a wide range of US -made goods sold within the European Union. "They want to make 'em over there so they don't have to pay the tariffs to ship 'em", he said.

Business Turkey on Twitter: Social media reacts to the elections
Author: 0 Turkey on Twitter: Social media reacts to the elections

Many critics say this year's military operation in Afrin, Syria, was primarily created to boost both Mr Erdogan's reputation and nationalist sentiment prior to the elections; however, in his victory speech to supporters from the ruling party's headquarters in Ankara he said that Turkey would now act more decisively against terrorist organisations.

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