News

From Wall Street, a 6-point guide for Modi

ET News - Tue, 01/21/2020 - 19:57
Categories: Business News

Survey shows Indian companies most familiar with concept of cybersecurity in APAC region

ET News - Tue, 01/21/2020 - 19:57
APAC Cyber Resiliency and Risk Report said that 98% of Indian companies surveyed were likely to invest more in security due to regulation. India is most likely to have ‘high’ impact (58%) of cybersecurity incidents on businesses compared with 42% in Singapore and 16% in Australia. India also topped the list in belief in cyber-resilience.
Categories: Business News

AI needs to be regulated: Alphabet CEO Sundar Pichai

ET News - Tue, 01/21/2020 - 19:57
Although new regulation is needed, "a cautious approach is required that might not see significant controls placed on AI," Pichai who was last month took over as the CEO of Alphabet, Google's parent company, in an editorial piece in The Financial Times.
Categories: Business News

Global unemployment projected to rise by around 2.5 million in 2020: UN report

ET News - Tue, 01/21/2020 - 19:57
The number of people unemployed around the world stands at some 188 million. In addition, 165 million people do not have enough paid work, and 120 million have either given up actively searching for work or otherwise lack access to the labour market. In total, more than 470 million people worldwide are affected
Categories: Business News

Seoul to send vessel to Strait of Hormuz after US pressure

ET News - Tue, 01/21/2020 - 19:57
Iran has been blamed for a series of attacks on shipping vessels in the strait, a strategic choke point for the world's oil trade where the US has deployed a naval mission. But the request put Seoul in a dilemma: it has had diplomatic relations with Tehran since the early 1960s and until last year Iran was one of the resource-poor South's key oil suppliers.
Categories: Business News

South Korea central bank warns spread of coronavirus may hurt private consumption

Reuters Business News - Tue, 01/21/2020 - 19:54
A Bank of Korea official on Wednesday said worries over the spread of a virus that emerged in central China may impact domestic consumer spending.
Categories: Business News

Australian consumer gloom worsens amid devastating bushfires

Reuters Business News - Tue, 01/21/2020 - 19:53
Australian consumer pessimism deepened in January as households fretted about the economic impact of devastating bushfires that killed 29 people, millions of animals and destroyed thousands of homes in recent months.
Categories: Business News

Judge dismisses defunct startup Sidecar's 2018 lawsuit against Uber

Reuters Business News - Tue, 01/21/2020 - 19:52
Uber Technologies Inc on Tuesday prevailed in a lawsuit accusing it of driving a smaller rival out of business through predatory pricing and other anticompetitive practices.
Categories: Business News

Netflix subscriber forecast misses Wall Street estimate as market leader faces Disney

Reuters Business News - Tue, 01/21/2020 - 19:13
Netflix Inc missed Wall Street subscriber forecasts for the first quarter Tuesday, amid pressure from lower-cost services from Walt Disney Co and Apple Inc in the streaming video wars.
Categories: Business News

South Korea posts slowest annual GDP growth since financial crisis

Reuters Business News - Tue, 01/21/2020 - 19:12
South Korea's government spending surge helped the economy post its fastest growth in more than two years in the fourth quarter but sagging exports and global trade tensions pulled the annual reading to its lowest level since 2009.
Categories: Business News

Toyota to recall 3.4 million vehicles worldwide, air bags may not deploy in crashes

Reuters Business News - Tue, 01/21/2020 - 19:03
Toyota Motor Corp said on Tuesday it will recall 3.4 million vehicles worldwide because of an electronic defect that can result in air bags not deploying in crashes.
Categories: Business News

Last decade most expensive for natural disasters-report

Reuters Business News - Tue, 01/21/2020 - 19:01
The last decade was the worst on record for economic losses from natural disasters, amounting to $3 trillion (2.3 trillion pounds) - over a trillion more than the previous decade, insurance broker Aon said on Wednesday.
Categories: Business News

Australia's FAR inks marketing deal with Glencore for Senegal's Sangomar project

Reuters Business News - Tue, 01/21/2020 - 18:42
FAR Ltd said on Wednesday it signed a binding agreement with Glencore Plc to market the Australian company's share of crude oil from the $4.2 billion (3.2 billion pounds) Sangomar project in Senegal.
Categories: Business News

Oil market shrugs off Libya crisis amid ample global supply

Reuters Business News - Tue, 01/21/2020 - 18:06
Oil prices fell on Tuesday on expectations that a well-supplied global market, including supplies from record U.S. production, would be able to absorb disruptions that have cut Libya's crude production to a trickle.
Categories: Business News

Trump administration won't turn over auto import probe report, defying Congress

Reuters Business News - Tue, 01/21/2020 - 17:52
The Trump administration is snubbing Congress by refusing to turn over a report detailing an investigation into national security risks potentially posed by imported vehicles and auto parts, citing pending international negotiations and executive branch deliberations.
Categories: Business News

UP policemen found stealing milk packets in Noida, video goes viral

Business Standard - Tue, 01/21/2020 - 17:10
A video from Uttar Pradesh's Noida went viral on social media where a policeman was seen purportedly stealing packets of milk kept outside a store in the area
Categories: Business News

Honda recalling 2.7 million North American vehicles for new air bag inflator defect

Reuters Business News - Tue, 01/21/2020 - 17:09
Honda Motor Co said on Tuesday it will recall 2.7 million older U.S. vehicles in North America for potentially defective air bag inflators.
Categories: Business News

The catch in SBI's game-changing loan plan

ET News - Tue, 01/21/2020 - 16:56
Categories: Business News

Xiaomi, Samsung market share rises, Realme slips

ET News - Tue, 01/21/2020 - 16:56
Xiaomi and Samsung increased their respective market shares after the festive season from September till November 2019, while BBK Electronics-led Realme became the only brand which lost significant market share for the same period, according to IDC data.
Categories: Business News