Business
Vijaya surprise in BoB-Dena merger
The Narendra Modi-led NDA government has chose to merge three nationalised banks together, Financial Services Secretary Rajiv Kumar announced on Monday. "The best of the service conditions will apply to all of them". Jaitley said the government took a series of steps to tackle the NPA challenge including the Insolvency and Bankruptcy Code "which was a defining moment in creditor-debtor relationship".
Business
China sets retaliatory tariffs on US$60 billion in USA goods
Beijing has warned that it would hit an additional $60 billion in American products if Trump ordered more tariffs . Trade talks in July were unproductive. The iPhone was not among the "wide range" of products that Apple told regulators would be hit by the $200 billion round of tariffs in a September 5 comment letter to trade officials.
Business
Coca-Cola In Talks To Produce Pot-Infused Drink
Coca-Cola may be looking into a new ingredient. It is believed by many to have anti-inflammation and pain-relieving properties, and numerous CBD-infused products have emerged recently. A prospective collaboration between Coke and the Canadian cannabinoid company could save the public's seemingly stalled interest in the century-old soda slinger's more sugary soft drinks, notes Canadian financial channel BNN Bloomberg .
Business
Support my Brexit or face no deal, U.K.’s May warns
Michel Barnier, the EU's chief negotiator on the issue, said in Madrid on Monday that talks between the European Union and Britain on Brexit were being conducted in a spirit of "good cooperation". "This debate is not about my future: this debate is about the future of the people of the UK and the future of the United Kingdom". They don't want a hard border between Northern Ireland and Ireland.
Business
Australia Warns Consumer to Cut Strawberries After Needles Found Inside Some Samples
The dramatic move affects stores in every state except Western Australia. The discovery comes after strawberries were found with needles in all five Australian states. On Thursday, the Queensland Strawberry Growers' Association said the needles may have been placed by a "disgruntled employee". The Queensland state government has offered a A$100,000 (£55,000; $72,000) reward for information.
Business
Trump raises stakes with new round of China tariffs
The White House said in a statement that Trump had been clear that he and his administration would continue to take action to address China's trade practices and encouraged Beijing to address US concerns. The Chinese government may decline to participate in proposed trade talks with the United States later this month if the Trump administration moves forward with additional tariffs on imported Chinese goods, the Wall Street Journal reported on Sunday, citing Chinese officials.