• Sony to Form Alliance to Build Taxi-Hailing System
Sony to Form Alliance to Build Taxi-Hailing System

Sony's push comes at the same time that Uber CEO Dara Khosrowshahi , who is now in Tokyo , is attempting to make new inroads into the Japanese market. Uber still faces an uphill battle in Japan. And local players Nihon Kotsu and Daiwa Motor Transportation announced plans in January to trial a taxi-sharing service.

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  • BJP blames banking system for PNB fraud case
BJP blames banking system for PNB fraud case

The notices were handed over to the directors of the firms of the two businessmen, the officials said. However, the Ministry of External Affairs, on the suggestion of Enforcement Directorate's has suspended the validity of the passports of Nirav Modi and Choksi with immediate effect for a period of four weeks.

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  • Indian bank hit by $1.8bn fraud case
Indian bank hit by $1.8bn fraud case

ED teams swooped down and conducted simultaneous raids on Modi's offices, showrooms and diamond workshops in Mumbai , Surat and New Delhi . The agency also seized stocks of gold, diamond and other precious stones worth Rs 5100 crore. The PNB scam has affected other Indian banks, according to media reports, because these banks had lent money o...

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  • Russia's RDIF says to finalise Eurasia drilling deal with Aramco
Russia's RDIF says to finalise Eurasia drilling deal with Aramco

The United States could overtake Russian Federation to become the world's biggest oil producer by the end of this year thanks to an extraordinary growth in output, the International Energy Agency has said . "We believe this is very good for, once again, thinking jointly about oil", he said. An announcement is also expected later on Wednesday on ...

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  • 3 die in Grand Canyon helicopter crash, 4 others injured
3 die in Grand Canyon helicopter crash, 4 others injured

It came down in the Grand Canyon West area when at around 5.20pm local time (00.20 am GMT) on Saturday. "We are providing support to the families of six British visitors involved in a helicopter accident at the Grand Canyon on February 10, and we are in close contact with the USA emergency services", a Foreign Office spokesperson said.

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  • Manufacturing, capital goods push IIP growth to 7.1% in Dec, CPI declines
Manufacturing, capital goods push IIP growth to 7.1% in Dec, CPI declines

The ONS reports annualised United Kingdom inflation for the month of January read at 3 .0%, greater than the 2.9% forecast by economists ahead of the release. The core CPI is viewed as a better measure of underlying inflation trends. Digestive enzymes and antacids, which have a 0.22 per cent in IIP , continued to be the top contributors for...

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  • Grapeshot: Notley says Alberta will stop importing BC wine in pipeline fight
Grapeshot: Notley says Alberta will stop importing BC wine in pipeline fight

Kenney described the plan as a way to ensure no such projects are built before accusing the Trudeau government of not doing enough to ensure the Kinder Morgan pipeline is built in the face of social and political opposition in B.C. "I'm here for B.C., not Alberta". Horgan said he hadn't had a chance to read the entire proposal, but he commended t...

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  • Bad loans hurt Indian state banks, push SBI to surprise Q3 loss
Bad loans hurt Indian state banks, push SBI to surprise Q3 loss

In absolute terms, SBI reported a seven percent increase in gross NPAs to Rs 1, 99,141.34 crore and 4.6 percent rise in net NPAs to Rs 1, 02,370.12 crore. Bad loans at Indian banks have almost doubled in the past four years as an economic slowdown took its toll on the ability of companies to repay debt, exacerbated in the case of some banks which...

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  • College student says airline made her flush prized hamster down toilet
College student says airline made her flush prized hamster down toilet

Aldecosea says she contacted Spirit Airlines twice prior to her flight to make sure she could bring her pet dwarf hamster, Pebbles . A spokesman for Spirit told the Herald that someone did give Aldecosea misinformation that the animal could go on the plane, but said no one told her to flush the hamster.

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  • Frontier Airlines adds four new nonstop flight destinations from Trenton-Mercer Airport
Frontier Airlines adds four new nonstop flight destinations from Trenton-Mercer Airport

The airline began servicing Buffalo in December with nonstop flights to Fort Myers, Miami, Orlando, and Tampa. On Thursday, Denver-based Frontier said it will add flights from RDU to Buffalo, Houston, Milwaukee, New Orleans, San Antonio and San Juan, Puerto Rico.

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  • Powell takes charge as Fed's chairman of the Board of Governors
Powell takes charge as Fed's chairman of the Board of Governors

After years of near-zero interest rates, the Federal Reserve has been slowly allowing rates to rise, and recent unemployment data and wage increases has spooked the market into thinking that the threat of inflation will put the Fed in a position where it has to allow rates to increase faster than previously expected.

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  • Wall Street plunges, S&P 500 erases 2018's gains
Wall Street plunges, S&P 500 erases 2018's gains

Concerns over central bank policy and higher-than-expected inflation caused global bond markets to sell off on 29 January with 10-year Treasury yields rising to 2.73% , their highest point since April 2014, while two-year Treasury yields reached the highest level since September 2008, climbing to 2.16%.

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  • BP's annual profit rockets
BP's annual profit rockets

Dividend per share remains at 10 cents. Seven new major projects were delivered, boosting oil and gas production. BP would generate profit in 2018 at an oil price of $50 a barrel, chief financial officer Brian Gilvary said, as years of spending cuts kicked in and as it slowly shakes off a $65bn bill for penalties and clean-up costs of the 2010 ...

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  • US Trade Deficit Jumped by 12.1% in 2017
US Trade Deficit Jumped by 12.1% in 2017

For all of 2017, the goods-and-services gap grew 12 per cent to US$566 billion, the biggest since 2008. Despite his firery rhetoric against trade, the Trump administration made few inroads on trade policy outside of slapping higher tariffs on what they consider offending products from China to Canada.

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  • BBC accused of 'belittling' women over equal pay row
BBC accused of 'belittling' women over equal pay row

Gracie said that the BBC must "report the truth" in this matter in order to lead the way for other businesses across the country dealing with "gender pay gap" issues. "The BBC needs to urgently sit down and come to a pragmatic settlement with women who have been denied pay and pension contributions they are entitled to over many years".

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  • United States stocks close lower on sell-off
United States stocks close lower on sell-off

UnitedHealth Group and Pfizer were the two biggest losers on the Dow , while the insurance company Anthem saw the steepest losses on the S&P 500 . USA pending home sales (http://www.marketwatch.com/story/pending-home-sales-inch-higher-as-tight-inventory-stifles-housing-market-2018-01-31) rose 0.5% in December, the National Association of Realto...

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  • Samsung enters cryptocurrency mining race; starts making ASIC chips for mining
Samsung enters cryptocurrency mining race; starts making ASIC chips for mining

Samsung has confirmed the news that it have overtook Intel making it the largest chipmaker past year. Even if sales of the iPhone X are lower than expected, Samsung doesn't seem to be too anxious about missing out on OLED panel sales to Apple.

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  • Budget 2018: No reduction in petrol prices despite reduction of excise duty
Budget 2018: No reduction in petrol prices despite reduction of excise duty

The prices of petrol and diesel have a significant effect on the retail inflation. According to the Finance Commission formula, around 42 per cent of Centre's earnings from excise duty, additional excise duty and customs duty is shared with the states.

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  • Focus On Employee Health Spurred New Amazon.com, Inc. (AMZN) Healthcare Venture
Focus On Employee Health Spurred New Amazon.com, Inc. (AMZN) Healthcare Venture

News that Amazon , Warren Buffett's Berkshire Hathaway and JP Morgan are to join forces to launch a health plan for their United States employees yesterday stopped the whole of healthcare in its tracks. However, JPMorgan's Dimon said on Tuesday that, "our goal is to create solutions that benefit our U.S. employees , their families and,...

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  • Wisconsin Republicans returning cash acquired from Wynn
Wisconsin Republicans returning cash acquired from Wynn

Officials from the Gaming Inspection and Coordination Bureau met with Wynn Macau management on Monday to find out more about the situation, the bureau said. And many believe that this could be detrimental to Wynn Resorts, as the businessman has been deeply involved in its day-to-day operations since it was founded.

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  • Waymo To Buy 'Thousands' Of Minivans From Fiat Chrysler
Waymo To Buy 'Thousands' Of Minivans From Fiat Chrysler

The companies declined to say exactly how many vehicles were involved in the purchase or the financial details. That is 100 Pacifica minivans in 2016 and an additional 500 provided by the Italian-American auto group in 2017. The Mountain View, Calif. -based company has not said to which areas it plans to expand its ride-hailing service after la...

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  • Blackstone in talks to buy into financial information market
Blackstone in talks to buy into financial information market

The biggest sticking point during negotiations had been what the partnership would mean for Reuters News, the global news agency, which supplies the Thomson Reuters Eikon terminal with headlines, stories and analysis, said the two sources, who spoke on condition of anonymity.

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  • Pierre Agnes CEO of Quiksiver has been declared lost at sea
Pierre Agnes CEO of Quiksiver has been declared lost at sea

Agnes went fishing early Tuesday and has not been heard from since his boat was recovered later in the morning on the beach near his hometown, Boardriders said in a statement. Quiksilver's parent company, Boardriders Inc., now controls an extensive portfolio of action sports brands including Quiksilver, Roxy, DC Shoes, Billabong, RVCA, Element, Vo...

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  • Woman not allowed to take emotional support peacock on flight
Woman not allowed to take emotional support peacock on flight

United said in a statement to Business Insider: " This animal did not meet guidelines for a number of reasons, including its weight and size". A representative from Newark Airport deferred comment to United. The Department of Transportation's guidelines for air travel with service animals states "unusual animals are evaluated on a case by case...

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  • Dollar tumbles after United States treasury chief welcomes weaker value
Dollar tumbles after United States treasury chief welcomes weaker value

Dollar has often correlated with rising inflation. In other words, it was just another day at the office for the Trump administration, which was flying blind because the president hadn't tweeted anything lately about his views on the role of currency flows in worldwide trade equilibria.

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  • Japan's Financial Watchdog Orders Coincheck Improvements Following $500 Million Hack
Japan's Financial Watchdog Orders Coincheck Improvements Following $500 Million Hack

Security firm SecureWorks said in December it had uncovered a spearphishing campaign targeting employees at cryptocurrency firms in a bid to steal bitcoin . Otsuka said no date has been set for the payments or for a restart of transactions on the exchange. Roughly eight hours after hacking into Coincheck's system, the hackers initiated the u...

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  • Bank of America Reiterates
Bank of America Reiterates "Underperform" Rating for Freeport-McMoRan (FCX)

Bank Of The Ozarks who had been investing in Union Pac Corp for a number of months, seems to be less bullish one the $111.14 billion market cap company. (NYSE: FCX ). Da Davidson & holds 212,738 shares. Moreover, Hermes has 0% invested in Freeport-McMoRan Inc. Freeport-McMoRan Inc ( FCX ) traded down $0.29 during trading on Friday, reaching $19.5...

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  • Philip Morris Wants iQOS Endorsement, a Safer Smoking Device
Philip Morris Wants iQOS Endorsement, a Safer Smoking Device

The meeting was viewed as a test case for the growing market of cigarette alternatives. Philip Morris wants iQOS endorsement, while officials are expected to consider a possibly safer smoking device as an alternative to cigarettes. The cigarette has triggered debate and worries among health experts about whether IQOS will help or hurt public he...

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  • Danish spies shared intel on Russian hackers
Danish spies shared intel on Russian hackers

It was later revealed that the same group that was being hacked into by the Dutch is responsible for hacking into the DNC's computer network and meddling with the 2016 presidential election. The AIVD alerted its U.S. counterparts when in 2015 it became a "witness to the Russian hackers harassing and penetrating the leaders of the Democratic Party...

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  • Euro above $1.25 for first time since December 2014
Euro above $1.25 for first time since December 2014

On Thursday, Mnuchin said a weaker dollar benefited US trade balances in the short term but that he believed in the long-term strength of the currency. "The explicit targeting of the exchange rate is something that goes back many many years ago", he insisted. German 10-year bond yields were set for their six straight week of rises, their lo...

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  • Arsenal's Elneny takes aim at Sanchez after Man United switch
Arsenal's Elneny takes aim at Sanchez after Man United switch

He added: "I think Alexis reminds me a little bit of the history - I don't know, it's not a history, nearly a metaphor - when you see the tree with wonderful oranges at the top of the tree and can not get there". Sanchez is expected to make his debut for Manchester United tonight when they travel to Huish Park to take on League Two side Yeovil...

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  • Powell confirmed as next Federal Reserve chair
Powell confirmed as next Federal Reserve chair

Powell will take over Yellen's project of unwinding the extraordinary efforts the central bank took to stimulate economic growth in the aftermath of the Great Recession. Among the no votes were four Republicans, including Marco Rubio from Florida and Texas's Ted Cruz, as well as Massachusetts Democrat Elizabeth Warren and Bernie Sanders, an Indepen...

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  • Jailed German nurse charged with 97 more killings
Jailed German nurse charged with 97 more killings

Prosecutors said Hoegel should have been aware that the drugs given to patients in clinics in Delmenhorst and Oldenburg, in northwest Germany , could cause life-threatening cardiac problems. A guilty verdict would also make him Germany's deadliest serial killer. Prosecutor Martin Koziolek said that, in three further cases investigators viewed ...

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  • Strong quake sparks panic in Indonesia
Strong quake sparks panic in Indonesia

The 6.0 magnitude quake was centred offshore western Java at a depth of about 27 miles. A moderately strong quake shook the Indonesian island of Java on Tuesday, killing at least one person and damaging hundreds of homes. TVOne television showed workers and shoppers running out of a mall in central Jakarta in panic. An official talks to a vil...

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  • Amazon Go store now open to the public
Amazon Go store now open to the public

Today in Seattle, the first Amazon Go shop opened to the public. The experiment, which has been in closed testing with Amazon employees over the a year ago, uses cameras to identify each customer and the products they buy. And yes, you can get Amazon's own meal kits too. Of course, Amazon Go isn't the only grocery shopping establishme...

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