Business

Rupee Collapses To New Record Low

Rupee Collapses To New Record Low

On Thursday the rupee ended at a fresh lifetime low of 70.74 due to month-end demand for the U.S. currency from importers and rising crude oil prices. Argentina, Indonesia.most of the currencies are losing against the dollar. State Bank of India (SBI) said the rupee is overvalued and there is no need to panic.


Most Mexican auto exports can meet new NAFTA rules, says minister

Most Mexican auto exports can meet new NAFTA rules, says minister

Canadian Foreign Minister Chrystia Freeland arrives in Washington for talks Tuesday, and U.S. Trade Representative Robert Lighthizer wants to notify Congress of a deal by Friday. Earlier in the day, both Larry Kudlow, the director of Trump's National Economic Council, and U.S. Commerce Secretary Wilbur Ross turned up the heat on Canada's negotiators during televised interviews.


Trump threatens to pull out of WTO 'if they don't shape up'

Trump threatens to pull out of WTO 'if they don't shape up'

Since taking over the White House after the 2016 elections, President Trump has rattled the world trade with his policies that he says are aimed at protecting American interests, but which have alienated numerous US' old allies and major trading partners.


Trump cancels pay raise federal workers were due in January

Trump cancels pay raise federal workers were due in January

In his letter, Trump wrote the locality increase in 2019 would average 25.70% and cost the federal government $25 billion. Scrapping the raises will save more than $25 billion, Trump said. Members of the military are still set to receive a 2.6 percent pay hike. U.S. District Judge Ketanji Brown Jackson said Trump didn't have the power to force changes to union contracts because they would violate the collective bargaining rights federal employees have under the law.


Coca-Cola buys coffee chain Costa for £3.9B

Coca-Cola buys coffee chain Costa for £3.9B

The Costa purchase is Coca-Cola's biggest push into operating stores, just as weak consumption in the United Kingdom leads a series of retailers such as BHS out of business. Describing the sale as a "win-win" for everyone, she said the price paid by Coca-Cola was far higher than if Costa had been demerged into a stand-alone company on the stock market.



YouTube alternative Facebook Watch launches in the UK

Facebook is primarily rolling out the Watch service globally to boost its advertisement revenue. Watch also supports saving a video for later viewing. Simo said publishers were making "meaningful revenues" from its automated video advertising system on the platform, which has featured shows such as beauty mogul Huda Kattan's " Huda Boss " and live " Major League Baseball " games.