Finance

Will The Partial Government Shutdown Affect Holiday Plans?

Will The Partial Government Shutdown Affect Holiday Plans? Under a precedent-setting memorandum by Reagan budget chief David Stockman, federal workers are exempted from furloughs if their jobs are national security-related or if they perform essential activities that "protect life and property". US government set to shut down * Trump appears to back off border wall demand in US budget impasse * US Government shutdown: What actually happens? With a ... [Full Article...]

GST Council extends Due Dates for Annual Returns and Other GST Returns

GST Council extends Due Dates for Annual Returns and Other GST Returns In a major move just months ahead of the Lok Sabha elections 2019, the Centre removed six items from the 28 per cent bracket of Goods and Services Tax (GST ) regime on Saturday. Extending the Composition scheme to small service providers. The Council also approved the creation of a centralised Appellate Authority for Advance Ruling (AAAR) to deal with cases of conflicting decisions by two or mo... [Full Article...]

Tax notices to startups: Have taken up the issue, says Suresh Prabhu

Tax notices to startups: Have taken up the issue, says Suresh Prabhu In the last month or so, India's Income Tax Department has issued notices to around 150 early-stage startups requiring them to reconcile outstanding taxes on the angel funds they have received. Startups incorporated after 2016 under the government's Startup India programme are exempt from the tax. "The Income Tax Department is out of control". [Full Article...]

Ford recalling more than 800000 trucks due to safety issue

Ford recalling more than 800000 trucks due to safety issue Prolonged corrosion in the cable splice connector can cause a short, make the engine block heater inoperable, and/or trip household breakers or GFCI-equipped outlets while the vehicle is parked and the block heater is plugged in. The Super Duty models were assembled between October 8, 2015 and November 17, 2018. The recall will begin in early January, with Ford dealers inspecting and sealing the... [Full Article...]

'Santa rout' as Fed fails to cheer markets

'Santa rout' as Fed fails to cheer markets The US Federal Reserve has raised interest rates again, defying warnings from President Donald Trump against the move. But the spillover from the rate hike continued to rattle investors in Asia Thursday, deepening concern over global growth prospects which are already facing headwinds from President Trump's trade war, a slowing Chinese economy, and potential turmoil from Britain quitting... [Full Article...]

Apple sees iPhone ban in Germany

Apple sees iPhone ban in Germany Qualcomm insists on charging exorbitant fees based on work they didn't do, and governments are investigating them all around the world for their behaviour. It's the second time this month that Apple has been dinged in a legal case brought by Qualcomm. We're disappointed that the inventor and designer of our chip, who attended the hearing, wasn't given the opportunity to testify or present other ev... [Full Article...]

US Fed raises interest rates, signals more hikes ahead

US Fed raises interest rates, signals more hikes ahead The U.S. central bank said it expects to increase interest rates at a slightly slower pace next year, and also said it isn't planning any changes in the gradual shrinking of its large bond portfolio. The renewed increase - the ninth since the Fed started raising rates back in 2015 - mirrored the consensus view among investors and once more demonstrated the central bank was not willing to bow ... [Full Article...]

Japan court denies extended detention of Nissan's Ghosn

Japan court denies extended detention of Nissan's Ghosn Ghosn, along with another executive Greg Kelly, was arrested November 19 and charged with underreporting his income by almost 10 billion yen ($80 million). Prosecutors say Ghosn and Kelly are flight risks. Under Japanese law, they can then apply for a fresh extension of 10 days, plus a further 10 days, to investigate the new claims. [Full Article...]

Trump faces scathing criticism from supporters on wall funds

Trump faces scathing criticism from supporters on wall funds But that outcome is not assured and is not the same as his campaign promise that Mexico would pay for the wall, which the country has refused to do. Trump's anxiety about fulfilling his top campaign goal comes at the end of months of bitter debate inside the West Wing over how to fund the border wall between those seen as ideologues and those who consider themselves pragmatists. [Full Article...]

Triple amputee veteran has a way to fund the border wall

Triple amputee veteran has a way to fund the border wall Due to the rapid success of the campaign, Kolfage increased the goal to $1 billion, which is the current maximum for the site. Warning of a "joke presidency" that "scammed the American people", conservative radio host Ann Coulter unloaded on President Trump's apparent softening on securing funding for his border wall , suggesting that Trump will have "no legacy whatsoever" if it doesn't get... [Full Article...]

Gender pay gap will take 202 years to close

Gender pay gap will take 202 years to close WEF said that there was a year-on-year deterioration of political empowerment of women, "partly attributed to the lower tenure of women in head-of-state roles around the world ". The research benchmarks 149 countries. The corollary is that the substantial investments made by many economies to close the education gap are failing to generate optimal returns in the form of growth. [Full Article...]

Dow dumps 400 points, on track for lowest close since April

Dow dumps 400 points, on track for lowest close since April The Dow has lost more than 1,000 points in two days. "The economy is growing without inflation", said Navarro, calling on the Fed not to raise interest rates. That and the stock market crush are hurting shaking confidence in global growth and future demand for oil. Bank stocks were fractionally lower on the day, with the KBW Bank Index down 0.25% as the spread between the 2- and 10-year yiel... [Full Article...]

London's Gatwick Airport suspends all flights on drone report

London's Gatwick Airport suspends all flights on drone report Gatwick advised travellers via Twitter to check flights scheduled for Thursday before heading to the airport. An increase in near collisions by unmanned aircraft and commercial jets has fueled safety concerns in the aviation industry in recent years. [Full Article...]

Third Canadian detained in China

Third Canadian detained in China The spokesman said the office was "aware of a Canadian citizen" being detained, but gave no further details, citing the Privacy Act, said The National Post . He is facing accusations of harming state security . The recent detentions of Michael Kovrig , a Canadian former diplomat and Michael Spavor , a Canadian entrepreneur , have raised suspicion that Beijing is holding them in retaliatio... [Full Article...]

Facebook responds to claims that it shared users' private messages

Facebook responds to claims that it shared users' private messages Facebook has given some of the world's largest tech companies, such as Spotify , Amazon and Netflix, access to users' personal information in ways not previously disclosed, according to a report released by the New York Times ( NYT ). "Partnerships are one area of focus and, as we've said, we're winding down the integration partnerships that were built to help people access Facebook". [Full Article...]

Elon Musk's Tunnel To Solve "Soul-Destroying" Traffic Jam Is Now Open

Elon Musk's Tunnel To Solve The tech entrepreneur invited guests and a group of reporters to take a spin through his prototype tunnel that spans about a mile underneath Los Angeles streets on Tuesday afternoon. In June, Boring was selected by Chicago to build a 17-mile underground transit system linking that city's downtown to its main airport. "There will be no cars or people in the research tunnel", according to the mi... [Full Article...]

Florida Man Tried Paying for McDonald's Order with Bag of Marijuana

Florida Man Tried Paying for McDonald's Order with Bag of Marijuana Lucie Boulevard at 2 a.m. of December 16 where a worker told them that Gallagher, who was driving a four-door Pontiac, tried to pay for his order with marijuana. "(Police) made contact with the suspect and noticed a heavy odor of marijuana emitting from the auto". According to police, they found 11 grams of marijuana on Gallagher. [Full Article...]

China will ’never seek hegemony,’ Xi says in reform speech

China will ’never seek hegemony,’ Xi says in reform speech The 1978 reforms by former Communist leader Deng Xiaoping marked China's move towards economic liberalization and helped transform the country from one of the world's poorest to the world's second-largest economy. But it is now facing a debt mountain and a slowing economy, which grew by 6.9 percent last year and the rate is expected by the government to ease to around 6.5 percent this year. [Full Article...]

Ex-NASA engineer creates glitter bomb trap for package thieves

Ex-NASA engineer creates glitter bomb trap for package thieves In the video titled " Package Thief vs. Glitter Bomb Trap ", Rober said he developed the glitter bomb trap after police refused to help him investigate missing parcel incidents. He also set it up so he could upload the video to the cloud and track it down using Global Positioning System. Rober - whose accomplishments include spending 9 years working for NASA's Jet Propulsion Laboratory, not to... [Full Article...]

Donald Trump warns Federal Reserve against interest rate hike

Donald Trump warns Federal Reserve against interest rate hike President Trump encouraged policymakers at the Federal Reserve to "feel the markets" before a two-day policy meeting that concludes Wednesday, during which they're widely expected to raise interest rates. In a highly unusual move for a president, Trump has publicly called the Fed and its string of rate hikes this year "my biggest threat". "I just don't think of it", said Mary Daly, president o... [Full Article...]


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