Business

Cabinet approves Fugitive Economic Offenders Bill 2018

Cabinet approves Fugitive Economic Offenders Bill 2018

The new law is different from the Prevention of Money Laundering Act, which also provides for confiscation of assets of economic offenders , he said. The Bill also proposes setting up of a "Special Court" under the Prevention of Money Laundering Act, which will declare a person a "fugitive economic offender".


Best Buy to Close Mobile-Phone Stores

Best Buy to Close Mobile-Phone Stores

Best Buy's Chief Executive , Hubert Joly , explained to employees in a statement obtained by Reuters that the company had to rethink and realign its mobile strategy amid increasing competition in the market, which it began penetrating with its exclusive mobile phone shops over a decade ago - even before Apple's iPhone emerged on the scene.


Patrick Brown Withdraws from Ontario PC Leadership Race

Patrick Brown Withdraws from Ontario PC Leadership Race

Patrick Brown holds a last-minute press conference to deny these claims outright, and vows to stay on as leader of the PC Party. Patrick Brown announced on Monday that he is no longer running to be leader of the Progressive Conservative Party of Ontario, a job that is only vacant because Brown resigned from the position last month.


State Bank of India steeply hikes deposit rates for various tenure

State Bank of India steeply hikes deposit rates for various tenure

Taking a cue from SBI , country's second-largest private sector lender ICICI Bank also raised the one-year MCLR from 8.2 per cent to 8.3 per cent. Bankers opine that the hike in the one-year MCLR was due to the increase in deposit rates, shortage of liquidity in the system, and the overall cost of funds.


Thousands of Girl Scout cookies distributed to local troops

Thousands of Girl Scout cookies distributed to local troops

All three flavors are available nationwide, including at the new Dunkin' Donuts location on North First Ave.in Evansville. If you like flavored coffee and Girl Scout Cookies, you might be in luck. There are eight different types of Girl Scout cookies with the most popular being Thin Mints. The partnership stems from a Girl Scout Cookie Program philanthropy initiative called Cookie Share, through which troops chooses a local charity as the recipient of the cookies.


Snow forces closure of Glasgow Airport

Snow forces closure of Glasgow Airport

Passengers are being advised to check with their airlines for the latest updates before heading to the airport. London's Heathrow airport has been the worst hit by the snow, with around 200 flights having been proactively cancelled in order to keep the remaining 1,000-plus departures and arrivals on time.