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What has the Comptroller and Auditor General of India found in its audit of government accounts? The story so far: The Comptroller and Auditor General (CAG) of India, in its latest audit report of government accounts, has observed that the Union government withheld in the Consolidated Fund of India (CFI) more than ₹1.1 lakh crore out of the almost ₹2.75 […]
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Shares in British bookmaker William Hill soared Friday after the company revealed it received takeover proposals from two American suitors. The London-listed stock ended the day up 43.4 percent at 312.20 pounds, or $396.74, after William Hill said it had been approached by private-equity giant Apollo Global Management and casino operator Caesars Entertainment. William Hill didn’t disclose the terms of […]
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FRANKFURT (BLOOMBERG) – It was hard to ignore the sense of foreboding when a group of German executives logged into a remote meeting on Tuesday (Sept 22). Poring over the implications of Brexit at an event organised by the economic council of Chancellor Angela Merkel’s governing party, the topics were familiar in a country that sends more goods to the […]
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NEW YORK (AFP) – Racial inequality has cost the US economy US$16 trillion (S$22 trillion) in wealth over the last two decades, Citigroup said in a report on Thursday (Sept 24). The banking giant – pointing to the drag from unequal pay, housing discrimination, education disparity and other longstanding ills in the United States – simultaneously pledged US$1 billion in […]
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The UK private sector growth eased in September due to the persistent disruptions to business operations caused by the coronavirus pandemic, flash survey data from IHS Markit showed Wednesday. The IHS Markit/Chartered Institute of Procurement & Supply composite output index fell to 55.7 in from 59.1 in the previous month. The score was forecast to fall moderately to 56.3. The […]
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BENGALURU • Business sentiment among Asian firms rebounded in the third quarter as easing coronavirus restrictions lifted sales, but lingering uncertainty over the pandemic thwarted a return to business as usual, a Thomson Reuters/Insead survey showed yesterday. Asian firms’ outlook for the next six months tracked by the Thomson Reuters/Insead Asian Business Sentiment Index jumped to 53 in the third […]
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A new credit card will launch soon, and it’s breaking some of the rules credit card issuers have abided by for decades. The X1 Card, which currently has a waitlist, offers consumers the chance to get a credit limit based on their income, not their credit score. The card’s features, many of which are impressive on their own, could make it […]
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Mars Inc. has renamed its Uncle Ben’s rice products “Ben’s Original,” making it the latest food producer to ditch a brand steeped in racist imagery. The Virginia-based company is also scrapping the portrait of a white-haired black man that has adorned its rice boxes for decades — an image that’s long been criticized as a racist stereotype. “We’re still in […]
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What’s moving these stocks in the pre-market hours today? In the Green 1. Predictive Oncology Inc. (POAI) is up over 44% at $1.22 in pre-market trading Wednesday, following news of securing a license for an additional 71 unique ovarian cancer cell lines from UK-based Ximbio, the world’s largest non-profit dedicated to life science reagents of all kinds. The company now […]
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WASHINGTON — Most Americans view the nation’s economic situation as bleak, but a rising percentage also see signs of stability six weeks before Election Day — if not reasons for optimism. According to a new poll from The Associated Press-NORC Center for Public Affairs Research, 60% of Americans describe the national economy as poor and 40% deem it good. That’s […]
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