Finance

Warren Buffett buys stake in company behind India's Paytm digital payment brand

Warren Buffett buys stake in company behind India's Paytm digital payment brand Paytm in the last few years has leveraged its digital payments platform to build a host of services at the intersection of payments, technology and consumers. "Berkshire's experience in financial services, and long-term investment horizon, is going to be a huge advantage in Paytm's journey of bringing 500 million Indians to the mainstream economy through financial inclusion It is my honour to welc... [Full Article...]

Panasonic to move European HQ from London to Amsterdam

Panasonic's decision was driven by a fear that Japan could start considering the United Kingdom a tax haven if it cuts corporate tax rates to attract business, Laurent Abadie, chief executive of Panasonic Europe, told the Nikkei Asia Review. [Full Article...]

Tesla goes airborne, crash lands into school parking lot

Tesla goes airborne, crash lands into school parking lot The vehicle flew 100 feet in the opposing lane before skidding into a tree at the Assikinack Public School parking lot. After bouncing twice, the vehicle crashed just out of frame in the auto park of Assikinack Public School. After the crash, the four-door Model S was completely demolished. After speeding over railroad tracks in Barrie, Ontario, Canada yesterday, the vehicle lost control after... [Full Article...]

President Trump Cancels Pay Raises For Federal Employees

President Trump Cancels Pay Raises For Federal Employees The president last year signed a package of tax cuts that is forecast to add about $1.5 trillion to federal deficits over 10 years. It is a harsh indictment of President Trump's values that he is freezing workers' pay to offset his multi-billion-dollar tax cuts for millionaires and billionaires. [Full Article...]

Federal court quashes Trans Mountain approval in setback for Trudeau

Federal court quashes Trans Mountain approval in setback for Trudeau Alberta was also an intervener and the province's lawyer told the court that Ottawa's decision to approve the expansion was based on evidence that considered environmental, economic and Indigenous interests. "I will be very supportive of all future actions to move this project forward". "Water is life. Water is sacred", he said, adding the federal government "never ever ever got our consent"... [Full Article...]

Air Canada And WestJet Announce Increased Fees For Passengers To Check Luggage

Air Canada And WestJet Announce Increased Fees For Passengers To Check Luggage For years, the airlines had allowed passengers to check their first bag for free, a policy that largely ended across the industry back in 2014. Flying JetBlue may cost you more green. JetBlue will also increase its fee for overweight or large items from $100 to $150, and fees on some sporting equipment like surfboards and bikes will rise, too. [Full Article...]

TPG And Vodafone Just Announced A Huge Merger

TPG And Vodafone Just Announced A Huge Merger Vodafone Australia and TPG Telecom have agreed to merge into a single $15bn telecommunications company that could provide a serious competitor to Telstra and Optus and help lower prices for consumers. Major shareholders of Vodafone Australia and TPG, including Mr Teoh, have entered a 24-month voluntary escrow arrangement as a show of their commitment to the merger. [Full Article...]

Facebook rolls out Watch video service internationally

Facebook rolls out Watch video service internationally The company is also rolling out its Creator Studio globally, the video management tool that includes video performance metrics. "Every month more than 50 million people in the US come to watch videos for at least a minute on Watch, and total time spent watching video on Facebook Watch has increased by 14 times since the start of 2018", she told reporters. [Full Article...]

British diver prepares lawsuit against Elon Musk for calling him 'pedo guy'

British diver prepares lawsuit against Elon Musk for calling him 'pedo guy' Last month, in a series of tweets, which were later deleted, Musk called cave diver Vern Unsworth a 'pedo guy', after Unsworth criticized Musk's plan to use a mini-submarine in the rescue of young boys trapped in a cave in Thailand. The letter, dated August 6, said the possible lawsuit would cover "false and defamatory statements" made by Musk against Unsworth. Shares of the electric vehicle c... [Full Article...]

How Successful was Demonetisation? Four Takeaways From the RBI’s Annual Report

How Successful was Demonetisation? Four Takeaways From the RBI’s Annual Report RBI said Rs 15.31 lakh crore notes were returned out Rs 15.44 lakh crore notes that were demonetized. The currency recall exercise in November 2016 has had positive impact and government has achieved its objective "quite substantially", even as an RBI report outlined that 99.3 percent of junked notes came back to banks. [Full Article...]

U.S., Mexico reach NAFTA deal; talks with Canada to start immediately

U.S., Mexico reach NAFTA deal; talks with Canada to start immediately Canada's NAFTA negotiator, Foreign Minister Chrystia Freeland, is cutting short a trip to Europe to fly to Washington on Tuesday to try to restart talks. Some experts interpreted the administration's signaling about a possible bilateral deal as an attempt to pressure Canada into a swift agreement on revising NAFTA, which the U.S. [Full Article...]

Google’s digital payment app for India, Tez, is now Google Pay

Navlekha has already started onboarding publishers from Delhi, and Google aims to add more from other regions in September. At its annual Google for India conference, Google announced that more ultra-budget smartphones featuring Android Go will make way to India, paving the way for a solid growth of the segment. [Full Article...]

Trump says he's ditching NAFTA but that's not what's happening

Trump says he's ditching NAFTA but that's not what's happening US President Trump declared an end to NAFTA and proposed a not-NAFTA deal with Mexico (which looks a lot like NAFTA). "Trudeau and his ruling Liberal party will be concerned about a backlash from rural voters if they cede too much ground to the U.S. [Full Article...]

Record highs for S&P, Nasdaq on U.S.-Mexico trade deal

Record highs for S&P, Nasdaq on U.S.-Mexico trade deal He said he wanted to call the revamped trade pact "the United States-Mexico Trade Agreement" because, in his view, NAFTA has earned a reputation for being harmful to American workers. Asked if Mexico had actually agreed to be part of a two-country agreement, a senior administration did not respond directly. "Ideally, Canada will be in it and we'll be able to notify that", the official said. [Full Article...]

China’s Didi suspends Hitch ride-sharing service after female passenger killed

China’s Didi suspends Hitch ride-sharing service after female passenger killed Didi Chuxing has since apologized, saying it has "inescapable responsibility" for the incident and that it failed to respond promptly to a possible warning sign about the driver. It offers 14 services including Hitch, which allows users to hail a vehicle via their smartphone and share a ride with someone else headed in the same direction. [Full Article...]

Dollar Slumps, Peso Surges After U.S., Mexico Trade Deal

The deal slightly reduces incentives for carmakers to relocate to Mexico and limits some companies' ability to challenge government trade rules, which could prompt opposition from U.S. It's a big day for our country. Trilateral trade between the three countries has exceeded $1tn annually in recent years, according to a 2017 report by the US' Congressional Research Service, with Canada and Mex... [Full Article...]

Here's how the US-Mexico trade deal would differ from NAFTA

Here's how the US-Mexico trade deal would differ from NAFTA Trump has longed pushed for the renegotiation of NAFTA, saying the current deal is the "worst trade deal in the history of our country". The U.S. When combined with the fact that we pay for most of their defense through NATO, Europe has benefited greatly from past USA administrations' willingness to let Europe leach off of American workers and taxpayers. [Full Article...]

Toyota, Uber to develop driverless vehicles

Toyota, Uber to develop driverless vehicles San Francisco-based Uber did not respond to a request for comment. Previous reports indicated that Uber executives have been debating the future of the company's autonomous vehicle unit. Toyota and Uber are said to be partnering to develop self-driving auto technology, an area where Uber has struggled . The companies anticipate that mass-produced autonomous vehicles will be owned and operated... [Full Article...]

The U.S. And Mexico Have Teamed Up To Cheat Canada

The U.S. And Mexico Have Teamed Up To Cheat Canada The NAFTA talks have dragged on for more than a year. The development brings Mr Trump a step closer to delivering on his 2016 presidential campaign promise of renegotiating Nafta, a 24-year-old trade deal between America, Canada and Mexico. [Full Article...]

Buffett May Buy Stake in India's Paytm

Buffett May Buy Stake in India's Paytm According to the publications, the investment will value Paytm at over $10 billion. " Berkshire Hathaway is impressed by the scale that Paytm has been able to build in a short period of time". One97 owns 49% of Paytm Payments Bank , which leads India's digital payments market. Apart from its thrust on Paytm Payments Bank Ltd, which also manages its digital wallet, One97 is also looking to laun... [Full Article...]


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