Business

Magnitude 5.4 quake hits Korea's southeastern coastal city of Pohang

Magnitude 5.4 quake hits Korea's southeastern coastal city of Pohang

While no casualties have been reported yet, seven people have been lightly wounded, with over 40 people rescued. This would be the strongest quake in South Korea since the 5.8-magnitude one which occurred near Gyeongju in September 2016. According to local TV footage, some of the buildings saw external wall damaged and window broken. The residents of Pohang were told to evacuate, the agency said, adding that reports emerged about buildings shaking following the tremor.


PM Modi, Australia PM Turnbull hold bilateral meeting — ASEAN Summit

PM Modi, Australia PM Turnbull hold bilateral meeting — ASEAN Summit

He is set to also attend the 12th East Asia meet on Tuesday. PM Modi first held bilateral talks with Australian Prime Minister Malcolm Turnbull and discussed close cooperation to optimize the significant potential for further collaboration across a broad range of areas.


Vidya Balan shuts up journo who asks if she'll lose weight

Vidya Balan shuts up journo who asks if she'll lose weight

The actress was on a promotional spree for her upcoming film Tumhari Sulu and was, answering media questions. "There's no connection between women-centric roles and weight loss. But it's been 5 years since Vidya enjoyed the same stardom. The journalist said that we have been seeing Vidya in a lot of women-centric films. Somebody show this reporter the video of Vidya, Malishka and Neha Dhupia dancing unabashedly, and rather glamorously, to Hawa Hawai .


Airbus in $40bn deal to sell 430 A320s to USA firm

Airbus in $40bn deal to sell 430 A320s to USA firm

The airline had announced orders for 288 planes as of the end of October. A spokesman for Airbus declined to comment, as did Indigo says Bloomberg. Private equity firm Indigo Partners has signed a memorandum of understanding for 430 Airbus A320neo family aircraft at the Dubai air show.


Flying vehicle company Terrafugia bought by China's Geely

Flying vehicle company Terrafugia bought by China's Geely

Not so for Terrafugia , whose flying cars look like cars and are also entirely roadworthy, converting in an instant as large wings fold out to allow passengers to soar through the sky. It said it was targeting 280,000 units of the model, to be assembled at the Proton plant in Tanjung Malim, for the Southeast Asian market. The US-based company unveiled the Transition in 2012 with a base price of $279,000 at the time, and received Federal Aviation Administration certification past year.


Credit Suisse fined $135m for NY forex investigation

Credit Suisse fined $135m for NY forex investigation

A decade on from the onset of the global financial crisis , global wealth has grown by 27 percent, this according to Credit Suisse Research Institute's 2017 Global Wealth Report . "In some low-income countries in Africa, the percentage of the population in this wealth group is close to 100 per cent", the report said. According to the report, growth in Europe was the second highest of all regions, but the United Kingdom was singled out as having an "uncertain" outlook because of Brexit.