Business

Trump renews defense of his call with Taiwan leader

The New York Times claimed that the simple call was a bigger "provocation" of Beijing than selling billions in weapons to Taiwan, which the United States has routinely done even after breaking formal diplomatic ties in 1979 to please Beijing.

Business

Italian bond prices drop, yields surge after referendum defeat

Italy's 4.25 billion euro Atlas fund, hastily created this year to help channel private funds into struggling banks, has seen its coffers dry up as banking crises mushroom around it. Reuters news agency quoted German Finance Minister Wolfgang Schaeuble as saying there was no reason for a euro crisis but that Italy urgently needed a functioning government.

Business

OPEC Agrees to Freeze Oil Production

Oil prices dipped on Friday on concerns whether major producers would implement an OPEC-Russia deal to reduce production, compounded by data showing output in Russia rose to a post-Soviet high ahead of the announced cutback. "OPEC has delivered an agreement", said Jason Gammel of USA investment bank Jefferies. It is a modest cut, but the impact is expected to be substantial on an industry that has struggled with downbeat prices for more than two years.

Business

BoE in talks with currency supplier Innovia to make it meat

The revelation the UK's new plastic £5 note contains a small amount of animal fat is "extremely offensive", a Sikh activist has said. And now, British vegans are having a particularly bad time, considering that they will now no longer be able to handle money without touching animal fat.

Business

United Kingdom to borrow $151 billion more after Brexit vote

Hammond also said public finances are now expected to return to balance in the next parliament, net debt must start falling by the end of this parliament, and welfare spending will be capped. The budget forecasters said gross domestic product would grow 1.4 percent in 2017 and 1.7 percent in 2018, down from March's pre-referendum estimates of 2.2 and 2.1 percent.

Business

Qatari PM meets Indian businessmen

According to the sources, Modi mentioned that India imported eight million tonnes of urea per year and said that a long term arrangement with Qatar for the supply of urea would be welcome. The security situation in Iraq, Syria and Yemen also came up for discussion. Five agreements were signed in areas such as visa exemption for holders of diplomatic, special and official passports; technical cooperation in cyber space and combating cyber crime, letter of intent regarding negotiations on an ...