Business


Trump agrees to give up business 'in total' to focus on presidency

His three eldest children already hold roles within the Trump empire which boasts golf clubs, office towers and other properties in several countries, including India. After Florida, Ohio was the state Trump traveled to most during his run for the White House. "That will be good for the city of Chicago and for the state", Emanuel said.



Bank's supplier looking at 'potential solutions' over animal fat in £5 note

The central bank added in a statement that its supplier Innovia is "working intensively... towards potential solutions", suggesting the Bank is trying to make the notes free from tallow, the animal fat now used in the production process. "We respect those concerns and are treating them with the utmost seriousness". Vegans and vegetarians in England may be able to avoid personal consumption of animal products, but it will be harder for them to refrain from using the nation's new polymer ...


Hindu Groups In UK Call For Withdrawing 'Non-Veg' 5-Pound Note

Hindu Groups In UK Call For Withdrawing 'Non-Veg' 5-Pound Note

Bank of England governor Mark Carney poses with a new polymer five pound note at Whitecross Street Market on September 13, 2016 in London , United Kingdom. The change.org page explains tallow is "unacceptable to millions of vegans, vegetarians, Hindus, Sikhs, Jains and others in the U.K". Vegans and some religious groups are angry because they contain animal products, but one of the inventors has called their protests "stupid".


Hurricane Otto weakens to Category 1 storm

Hurricane Otto weakens to Category 1 storm

Costa Rica has already declared a national emergency. Property is the second largest class with around a third of premiums. Otto was downgraded to a tropical storm late on Thursday but not before striking Central America at hurricane force, as an offshore quake also shook the region.


Renzi: If referendum fails, technical government is 'a risk'

Renzi: If referendum fails, technical government is 'a risk'

Eight separate Italian banks face the prospect of failure in the coming months should a "no" vote prevail in Sunday's nationwide referendum on constitutional reforms proposed by Prime Minister Matteo Renzi. Even if he is persuaded to lead a technocratic government, markets are likely to interpret the defeat as a sign that Rome is incapable of reform. Italian banks have already set aside reserves equal to 44.6 percent of all their bad debt, a higher "coverage ratio" than other countries with ...



SA narrowly avoids another junk status downgrade

S&P's local currency rating for South Africa is three notches above junk. Others said S&P could downgrade South Africa's local debt rating but keep the foreign rating at investment grade. "Ongoing continued tension and the potential for event risk could weigh on investor confidence and exchange rates, and potentially affect government policy direction", S&P added.