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India lauds rupee swap, even as economy slows

Nov 8 2017 – INDIAN officials extolled last year’s shock ban on high denomination bank notes as a success on Wednesday, while opponents staged protests and Nepal said its citizens were still stuck with billions of rupees in old money. Prime Minister Narendra Modi withdrew 500 ($7.5) and 1 000 rupee ($15) notes from circulation on Nov. 8 last year ... Read More »

McDonald’s to double restaurants in China by 2022

August 08  2017 – FASTFOOD giant, McDonald’s plans to ramp up its China operations by nearly doubling the number of restaurants in the country over the next five years, the US  chain announced on Tuesday. The company plans to grow its number of outlets in China, which boasts the world’s largest population, from 2 500 to 4 500 by 2022. ... Read More »

Gains for AT&T and Boeing help lift US stock indexes

July 26 2017 – US STOCKS continue to reach record highs as they make slight gains in afternoon trading Wednesday. Boeing and AT&T rose sharply after posting strong second-quarter results. Energy companies rose along with the price of oil. Treasury yields took a modest step backward as the Federal Reserve prepares to wrap up a two-day meeting on interest rates, ... Read More »

Benoni born Zim first lady turns 52

July 23 2017 – Zimbabwe’s First Lady Grace Mugabeturned 52 on Sunday, with the state run describing her as a great mother. “A mother, a philanthropist, a First Lady,” says the headline on a special six-page supplement published in her honour by the state-run Sunday Mail. The newspaper and the supplement carried large, full colour advertisements from Air Zimbabwe and the Mugabes’ ... Read More »

UK inflation in surprise June decline

July 18 2017 – OFFICIAL  figures show that inflation in Britain unexpectedly fell in the year to June, a development that’s likely to ease market expectations that the Bank of England will raise interest rates soon. The Office for National Statistics said Tuesday said consumer prices were 2.6 percent higher in the year to June, down from 2.9 percent the ... Read More »

FaceBook reaches 2bln milestone

June 28 2017 – FACEBOOK, the world’s largest social media website, has announced that there are now two billion people connecting and building communities on its platform every month. Additionally, more than 175 million people share “love”, and on average, over 800 million people “like” something on Facebook. The social media giant said more than one billion people use its ... Read More »

Google to stop reading emails for targeted advertising

June 25 2017 – TECHNOLOGY  giant Google is stopping one of the most controversial advertising formats: adverts inside Gmail that scan users’ email contents. The decision didn’t come from Google’s advertising team, but from its cloud unit, which is angling to sign up more corporate customers. Alphabet’s Google Cloud sells a package of office software, called G Suite, that competes ... Read More »

Taxify lures Uber drivers with bigger fare share

June 18  2017 – THE  key to success for ride-hailing providers like Uber is keeping drivers happy so they run their app, ensuring that enough cars respond to passenger demand. Estonia upstart Taxify is hoping to win over drivers and take on Uber Technologies Inc, the industry leader, by offering a larger share of the profit. Upstarts across the world, ... Read More »

Britain sets out plan for third runway at London’s Heathrow

February 2 2017  – BRITAIN  laid out its proposals for a third runway at London’s Heathrow airport on Thursday,(today) launching a public consultation on a huge infrastructure project the government sees as key to its post-Brexit future. The government backed a $US22 billion expansion of Heathrow in October, ending 25 years of indecision with an ambitious plan to boost global ... Read More »

Trump trade strategy starts with quitting Asia pact

January  21 2017  – THE  new US administration of President Donald Trump said on Friday(yesterday) its trade strategy to protect American jobs would start with withdrawal from the 12-nation Trans-Pacific Partnership (TPP) trade pact. A White House statement issued soon after Trump’s inauguration said the United States would also “crack down on those nations that violate trade agreements and harm ... Read More »

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