David Wolf, a fund manager at Fidelity Investments in Toronto, says equity spasms such as those that shook global stocks this week scare professionals as much as everyone else. “My dad has been quite panicky,” Wolf said of his father, Bernard, a retired economics professor from Canada’s Schulich School of Business. “He knows what markets are all about and he knows what the economy is all about, […]
|By Rashidul Bari| When I was writing Grameen Social Business Model, a book detailing the search for a weapon to use against poverty and terrorism, Malala Yousafzai played a key, but kind of secondary, role, a supporting character. But I kind of found, when I was writing another article, “Why do they Hate Obama?” that the force of Malala kept trying to take over, kept trying to […]
Ever been out to a fancy dinner at a Manhattan restaurant and had your credit card rejected? President Barack Obama knows your pain. After signing an order today directing the government to switch to payment cards with embedded microchips, rather than the less-safe magnetic strips, Obama related his own tale of credit misadventure during the United Nations meetings last month. “I went to a restaurant up in […]
The morning after: dejected Yes supporters head home up the Royal Mile in Edinburgh After a lifetime in the business world, Lord Smith of Kelvin is bound to have come across his fair share of chancers. However, I do wonder if he realises what he has taken on in agreeing to hold the coats in the war between Scotland’s political parties over what “extensive” extra powers should […]
Syrian Kurdish refugees wait behind the border fences to cross into Turkey near the southeastern Turkish town of Suruc on Friday. Reuters SURUC—Some 1,000 people fleeing Islamic State insurgents in Kobani, remain stranded in a no-man’s-land at the Turkish-Syrian border. Some have been sleeping in their vehicles for a month, waiting for the fighting around the city to end, meanwhile risking their lives. Cars, taxi cabs, trucks, […]
From L.S. Herdenia BHOPAL: Madhya Pradesh is the home state of Nobel laureate Kailash Satyarthi – the founder of ‘Bacchpan Bachao Andolan’. Satyarthi was born 60 years back at Vidisha, a district headquarter town about 55 kms from Bhopal. He did his schooling and degree in engineering from the government engineering college at Vidisha but instead of going for a cushy job, he chose the […]
By Nora Chopra Congress is supposed to have conceded defeat both in Haryana and Maharashtra even before the results are out. The general secretaries in-charge of Haryana and Maharashtra Shakeel Ahmad and Mohan Prakash have submitted their reports to the Congress president Sonia Gandhi and are supposed to have made the submission that the Congress does not stand any chance to win in any of the two […]
NEW DELHI: Having proved himself as a ‘rock star’ abroad and a vote-getting machine at home, Prime Minister Narendra Modi is now going to do what people are telling him to do: Take policy decisions that cannot be put off any longer. The first of these is a Cabinet reshuffle likely by the end of this month – after Diwali. A brace of decisions on economic […]
Hyderabad: Reserve Bank of India (RBI) Governor Raghuram Rajan has said the central bank is in talks with the Centre to set up a financial resolution authority (FRA). “We really need a financial resolution authority so that we can close financial institutions in trouble, without necessarily merging those and taking the losses. We need to clean institutions…while resurrecting those functioning well. FRA will be the entity that […]
NEW DELHI: Fuel stockpiles at the thermal power stations hit a new low in 25 years at 7.2 million tonnes, as Coal India and its subsidiaries failed to meet their production targets, as per latest official data. According to latest data (October 13) by the Central Electricity Authority, total fuel stocks at 103 coal-based stations have come down to 7.2 million tonnes. This 7.2 million tonnes […]
New Delhi: Oil companies’ gains on diesel sales jumped 87 per cent within a fortnight on a historic slide in global crude prices. Their profits from diesel, recorded for the first time ever, continue as the government delays a decision on deregulating its price. “The over-recovery on high-speed diesel (HSD), applicable for the second fortnight effective October 16, is now Rs 3.56 per litre. The over-recovery […]
NEW DELHI: DRDO is developing an air-launched version of the 1,500-km-range Nirbhay sub-sonic cruise missile which would be capable of being fired from the Air Force’s frontline Su-30MKI combat aircraft. “This Nirbhay missile would be capable of being used from air, land and ships and submarines. An air-launched version of the missile is also being planned,” DRDO chief Avinash Chander told PTI here. He said […]
An advertisement by the highway outside Dubai’s massive Jebel Ali Port tells firms they don’t need to ship goods through the Strait of Hormuz, the traditional gateway to the Gulf. Instead they can have goods delivered to a port in Oman, outside the Gulf, and bring them into the region by road. “Why go through the Strait when you can go straight to the Gulf,” the billboard […]
NEW DELHI: The telecom regulator has proposed to set the base price of 1800 MHz band in the upcoming spectrum auctions at 10% more than the previous round, a recommendation that operators and analysts say is likely to hurt an industry that is laden with debt and facing an uncertain business environment. The Telecom Regulatory Authority of India (Trai) has suggested Rs 2,138 crore as the […]
NEW DELHI: To expedite infrastructure projects — road and rail — along the border with China for strategic reasons and also for better connectivity, principal secretary to Prime Minister has called a meeting of top officials of key ministries such as defence, rail and road, head of Border Roads Organization (BRO), national security adviser and others on Thursday. Sources said the agenda of the meeting to […]
By Ashok B Sharma Recent unprovoked firing by Pakistan at the Line of Control and as well as at the international border shows the utter helplessness and desperation on its part. India has suspended the dialogue process as Pakistan opted to talk to Kashmiri separatists which the former said was against the spirit of the Shimla Agreement and Lahore Declaration. Subsequently, Pakistan resorted to unprovoked firing at […]
Dubai’s banks are extending loans to the local diamond industry, boosting the emirate’s ambitions of becoming a top trading hub as funding to rival Antwerp dries up. Emirates NBD PJSC. (EMIRATES), Mashreqbank PSC. (MASQ), and National Bank of Fujairah PJSC., are financing diamond cutters, polishers and traders operating on the Dubai Diamond Exchange for the first time, Peter Meeus, chairman of the exchange, said in an Oct. […]
African markets are gradually opening to Islamic finance, buoyed by governments’ debut sales of sovereign sukuk (Islamic bonds) and legislative efforts to make the sector more attractive for companies across the region. Despite the strong growth of Islamic finance in its core markets, the Middle East and southeast Asia, the industry has lagged in Africa, which is home to one in four of the world’s Muslims. This […]
Phone Works is a new line of smartphone-connected testing and layout tools from Ryobi. The Phone Works modules connect to your iOS or Android phone through the headphone jack and can be controlled through the free app. Modules include a plumbing scope camera, a moisture meter, stud finder, laser level, laser distance measurer, IR thermometer, and a laser pointer. This entry passed through the Full-Text RSS service […]
By S. Sethuraman A global economy, wobbling six years after the financial market crash of 2008, cannot need anything better than a firm commitment of the world’s financiers to build a more robust, sustainable, balanced, job-rich economic order. Global unemployment is at its all-time peak, especially in Europe and large parts of developing world. Finance Ministers of 188 nations met at the 2014 Annual Meetings […]
By BRIAN KNOWLTON October 12, 2014 WASHINGTON — Fighters for the Islamic State were managing to blend in with disenfranchised Sunni populations in some Iraqi towns and villages near the capital, raising the chances of militant attacks against targets in Baghdad, President Obama’s top military adviser said on Sunday. “I have no doubt there will be days when they use indirect fire into Baghdad,” the adviser, Gen. Martin E. […]
From Pradeep Kapoor LUCKNOW: Bahujan Samaj Party supremo. Mayawati is unnerved at the prospects of her party at the next assembly polls in Uttar Pradesh scheduled in May 2017. After the BSP’s disastrous results at the Lok Sabha elections in May this year, the BSP chief made another mistake by not fielding party candidates in the by elections to the state assembly in September this year. […]
By Ashok B Sharma India’s foreign trade has badly suffered since the beginning of the global financial crisis in August-September 2008 and the subsequent shock of the sovereign crisis in Eurozone added to the problem. Over dependence on markets in the developed countries was the cause for shrinkage in Indian exports. As the recovery in developed countries and increase in demand is slow, India should […]
Hugh Grant in Four Weddings and a Funeral Photo: Alamy Anyone who thinks Hugh Grant is not an accomplished actor is surely underestimating how difficult it is to do light comedy. It’s harder than drama, but the secret is making it look effortless, and effortless performances are rarely appreciated – it’s the showy mannerisms and thundering speeches that win awards, not comic timing (which you only notice when […]
