Business

U.S. housing starts surge to 9-year high in October

Single-family housing starts in October were up 10.7% to 869,000, while permits for new construction - a closely-followed gauge of future demand - gained 0.3% from the previous month to 1.23m. "Controlling for the number of household in the US, housing starts are only about 66% of their 50-year average", Trulia Chief Economist Ralph McLaughlin said.

Business

Richard Branson, startup unveil supersonic plane

Boom Technology , an aviation start-up, has secured backing from British entrepreneur Richard Branson's company Virgin to build the prototype. "They see him once a year, and they'll never be close". Both of those longer trips would most likely require mid-air refuelling. Though the XB-1 is noticeably smaller than the production aircraft, it is technically representative and shares the same distinct chine blending into the fuselage followed by the swept delta wings.

Business

Unreasonable force in Castile's shooting

Yanez shot and killed 32-year-old Philando Castile on July 6 during a traffic stop. Castile's girlfriend livestreams the aftermath on Facebook and the widely shared video draws protesters to the scene. Reynolds streamed the graphic aftermath of the shooting live on Facebook, which brought the incident into the national spotlight. Choi said Castile's gun was later found deep in a front pocket of his shorts, with a loaded magazine but no bullet in the chamber.

Business

Banks start using indelible ink; key highlights of the day

RBI informed the Finance Ministry that there is enough cash available in the system. The Centre on 8 November had banned the use of old 500 and 1,000 rupee banknotes in a bid to curb black money and sources of terror funding. The maximum limit of Rs. 10,000 per day on such withdrawals has been removed. Making India a cashless economy, perhaps this too must have weighed on the mind of the Government when it decided to make the notes of Rs 500 and Rs 1000 invalid.

Business

Max Verstappen compared to Formula 1 'rainmasters' after Brazilian Grand Prix

With the intermediate tyre gamble not working out for the Austrian-based outfit, Ricciardo couldn't quite replicate Verstappen's wonderful recovery. But at the last second , Verstappen got his steering back which amazed the announcer calling the race back to the Netherlands.

Business

Financial crisis puts Brazilian GP at risk in 2017

This is a calculation the wonderful human brain is constantly processing and inevitably some are better than others.The second red flag launched from behind a live Safety Car period after Kimi Raikkonen had dismantled his Ferrari up against the pit straight walls didn't go down well with pretty much anybody.