Monkey Biz

Having turned over $27m in 2018, Epidemic Sound is roasted by songwriter group for buy-out deals

Epidemic Sound is a name that will be well-known to MBW readers: the Swedish production music company is behind many of the ‘fake artists’ on Spotify whose presence tends to agitate record labels. Those ‘fake artists’ are, of course, actually composers signed to Epidemic Sound, whose work is uploaded to Spotify under pseudonymous monikers. Nothing …

Having turned over $27m in 2018, Epidemic Sound is roasted by songwriter group for buy-out deals Read More »

How podcasts are damaging the potential growth of the recorded music business

It’s been a comfortable year for the major record companies – but alarm bells may be starting to ring in the distance. Rolling Stone first reported in October that streaming revenue growth is slowing down this year at the world’s biggest music rights company, Universal Music Group. Now, further number crunching on Music Business Worldwide …

How podcasts are damaging the potential growth of the recorded music business Read More »

How Spinnin Records is meeting the ‘challenge of holding on to the attention of millennials’

Spinnin’ Records calls itself the ‘world’s leading dance label’. It’s a controversial claim – but the company’s history provides plenty of evidence to bolster its argument. Over the past 20 years, Spinnin’ has helped launch the careers of some of the world’s biggest DJs, artists and producers, from Afrojack and Bingo Players to Cheat Codes, …

How Spinnin Records is meeting the ‘challenge of holding on to the attention of millennials’ Read More »

Long road ahead as Fiat Chrysler, Peugeot agree to $50 billion merger

PARIS/MILAN (Reuters) – Fiat Chrysler and Peugeot maker PSA face the challenge of winning over regulators and delivering on a pledge to slash costs without closing factories after sealing a binding deal to create the world’s fourth biggest carmaker. Both tasks are likely to prove difficult, as two of the industry’s oldest dynasties try to …

Long road ahead as Fiat Chrysler, Peugeot agree to $50 billion merger Read More »

Elon Musk’s Next Plan for China-Built Teslas Might Include a 20% Discount

Elon Musk’s Next Plan for China-Built Teslas Might Include a 20% Discount

Tesla Inc. is considering cutting the price of its China-built Model 3 sedans by 20% or more next year, people familiar with the plans said, betting the move will lure buyers as the world’s biggest electric-vehicle market slows. Tesla aims to bring down costs by using more local components, allowing it to import fewer parts …

Elon Musk’s Next Plan for China-Built Teslas Might Include a 20% Discount Read More »

Fiat Chrysler, Peugeot owner agree to binding $50 billion merger deal

Fiat Chrysler, Peugeot owner agree to binding  billion merger deal

A Jeep Renegade 4×4 e is presented at the Geneva Motor Show March 5, 2019. Signage in the background says”‘FCA Fiat Chrysler Automobiles,” to which Jeep belongs. Uli Deck | picture alliance | Getty Images Fiat Chrysler Automobiles and Peugeot maker PSA have reached a binding agreement over their roughly $50 billion merger that will …

Fiat Chrysler, Peugeot owner agree to binding $50 billion merger deal Read More »

power sector outlook: Icra downgrades power sector outlook to negative

power sector outlook: Icra downgrades power sector outlook to negative

New Delhi: Ratings agency ICRA has revised the year-end outlook for the power sector from stable to negative owing to slowdown in energy demand growth, sluggish progress in resolution of stressed thermal assets and less than expected improvement in discom finances. According to ICRA Research, the all India electricity demand growth declined to 1.2% in …

power sector outlook: Icra downgrades power sector outlook to negative Read More »

Fiat, PSA boards sign off on merger – Peugeot S.A. (OTCMKTS:PEUGF)

The boards of Peugeot (OTCPK:PEUGF) maker PSA Group and rival Fiat Chrysler (NYSE:FCAU) have backed a 50-50 share merger that would create the world’s fourth-largest carmaker. It includes sweeteners to make the trans-Atlantic tie-up more attractive to U.S. regulators and PSA shareholders, as automakers invest billions in new technologies, such as electric cars and self-driving …

Fiat, PSA boards sign off on merger – Peugeot S.A. (OTCMKTS:PEUGF) Read More »

Google settles ‘longstanding’ tax dispute with Australia By Reuters

SYDNEY (Reuters) – Alphabet (NASDAQ:) Inc’s Google has settled a “longstanding” tax dispute with Australia’s tax office, it said on Wednesday, after paying an extra A$481.5 million ($326.75 million) on top of its previous tax bill. The settlement comes after an audit that looked into the tech giant’s tax practices between 2008 and 2018, a …

Google settles ‘longstanding’ tax dispute with Australia By Reuters Read More »

On eve of expected impeachment, Trump lashes out at Pelosi, Democrats

On eve of expected impeachment, Trump lashes out at Pelosi, Democrats

WASHINGTON (Reuters) – On the eve of his expected impeachment in the U.S. House of Representatives, President Donald Trump accused Democrats of pursuing an “illegal, partisan attempted coup” and declaring war on American democracy as they seek to remove him from office for pressing Ukraine to investigate political rival Joe Biden. Trump’s remarks came in …

On eve of expected impeachment, Trump lashes out at Pelosi, Democrats Read More »

Protein push: Niti Aayog mulls PDS supply of eggs, fish & meat

Protein push: Niti Aayog mulls PDS supply of eggs, fish & meat

NEW DELHI: Subsidised eggs, fish, chicken and meat? Niti Aayog, the government think tank, is working on a proposal aimed at improving India’s low nutrition ranking and centred on the idea that the government subsidises protein-rich food, including eggs, fish, chicken and meat, possibly through its public distribution system.This is likely to be part of …

Protein push: Niti Aayog mulls PDS supply of eggs, fish & meat Read More »

China postpones U.N. Security Council discussion on Kashmir: diplomats

China postpones U.N. Security Council discussion on Kashmir: diplomats

UNITED NATIONS (Reuters) – China has postponed a discussion by the U.N. Security Council planned for Tuesday about the situation in the disputed Indian territory of Jammu and Kashmir because the U.N. peacekeeping mission there was not ready to provide a brief, diplomats said. An Indian security force personnel stands guard in a street early …

China postpones U.N. Security Council discussion on Kashmir: diplomats Read More »

Sun Country joins Amazon’s domestic operations – Amazon.com, Inc. (NASDAQ:AMZN)

Amazon (NASDAQ:AMZN) adds low-cost carrier Sun Country Airlines to its domestic airfreight operations. The Apollo-owned (NYSE:APO) Sun Country will operate 10 Boeing cargo jets to support Amazon’s next-day shipping efforts. Amazon has existing domestic partnerships with Air Transport Services Group and Atlas Air Worldwide, which operate about 50 jets for the tech giant. AMZN plans to add …

Sun Country joins Amazon’s domestic operations – Amazon.com, Inc. (NASDAQ:AMZN) Read More »

GlaxoSmithKline Hopes to Take on Rivals With Rare Blood Cancer Drug

GlaxoSmithKline Hopes to Take on Rivals With Rare Blood Cancer Drug

This is the web version of Brainstorm Health Daily, Fortune’s daily newsletter on the top health care news. To get it delivered daily to your in-box, sign up here. Good afternoon, readers! British drug giant GlaxoSmithKline is hoping to take on prominent rivals such as U.S.-based Johnson & Johnson with an experimental treatment for multiple myeloma, a …

GlaxoSmithKline Hopes to Take on Rivals With Rare Blood Cancer Drug Read More »

Read Donald Trump’s Fiery Letter to Nancy Pelosi Ahead of Impeachment Vote

Read Donald Trump’s Fiery Letter to Nancy Pelosi Ahead of Impeachment Vote

President Donald Trump is angrily objecting to the House of Representatives’ articles of impeachment, accusing Democrats of “perversion of justice and abuse of power” in their effort to remove him from office. In a fiery letter Tuesday to House Speaker Nancy Pelosi on the eve of his expected impeachment, Trump maintained that he did nothing …

Read Donald Trump’s Fiery Letter to Nancy Pelosi Ahead of Impeachment Vote Read More »

Congress poised to raise minimum age to buy tobacco to 21

Congress poised to raise minimum age to buy tobacco to 21

U.S. Speaker of the House Nancy Pelosi (D-CAlif) holds her weekly news conference on Capitol Hill, Washington D.C. September 12, 2019. Aurora Samperio | NurPhoto | Getty Images The House of Representatives Tuesday passed a $1.4 trillion spending package that includes a provision prohibiting the sale of cigarettes, e-cigarettes, cigars and other tobacco products to …

Congress poised to raise minimum age to buy tobacco to 21 Read More »

Industry seeks fewer GST slabs

Industry seeks fewer GST slabs

NEW DELHI: Industry has sought simplified and more convergent GST rates with fewer slabs and lifting of long-term capital gains tax to boost disposable incomes that would help revive consumption. The suggestions came up on Tuesday during finance minister Nirmala Sitharaman’s pre-budget consultations with industry, trade and services sectors amid discussions on regulatory environment impacting …

Industry seeks fewer GST slabs Read More »

Southern gains 2.9% on Georgia rate case approval – The Southern Company (NYSE:SO)

Southern Co. (NYSE:SO) advances 2.9% after the Georgia Public Service Commission approves SO’s Georgia Power rate case. Decision allows for a 10.5%-12% return on equity and a capital structure of 56% equity and 44% debt, a spokesman for the commission told Bloomberg News. Previously: Southern Co. rises 1.5% as BofA sees ‘constructive outcome’ of rate case …

Southern gains 2.9% on Georgia rate case approval – The Southern Company (NYSE:SO) Read More »

Big banks settle Fannie Mae, Freddie Mac bond rigging litigation in U.S By Reuters

By Jonathan Stempel NEW YORK (Reuters) – Thirteen prominent banks and financial services companies agreed to pay $337 million to resolve claims by investors that they conspired to rig prices of bonds issued by mortgage companies Fannie Mae (PK:) and Freddie Mac (PK:) for a decade. The preliminary settlements filed late Monday night in federal …

Big banks settle Fannie Mae, Freddie Mac bond rigging litigation in U.S By Reuters Read More »

When Will the 737 Max Fly Again and 9 Other Questions About Boeing’s Troubled Plane

When Will the 737 Max Fly Again and 9 Other Questions About Boeing’s Troubled Plane

Two crashes within five months — Lion Air Flight 610 in October 2018 off the coast of Indonesia and Ethiopian Airlines Flight 302 in March outside Addis Ababa — killed 346 people and led to a global grounding of Boeing Co.’s 737 Max jets, the fourth generation of a venerable brand first flown in 1967. Uncertainty over when it …

When Will the 737 Max Fly Again and 9 Other Questions About Boeing’s Troubled Plane Read More »

Southwest Airlines extends Boeing 737 Max cancellations until April

Southwest Airlines extends Boeing 737 Max cancellations until April

Southwest Airlines is joining American Airlines in cancelling thousands of Boeing 737 Max flights through early April, as the beleaguered jetliners’ return to service continues to disrupt schedules during another busy holiday travel period. Southwest, the largest U.S. 737 Max customer, said Tuesday it will pull about 300 flights a day from its daily weekday …

Southwest Airlines extends Boeing 737 Max cancellations until April Read More »

Sri Lanka’s ‘Foundation of Goodness’ turns around a village decimated by tsunami

Sri Lanka’s ‘Foundation of Goodness’ turns around a village decimated by tsunami

SEENIGAMA, Sri Lanka (Reuters) – When Kushil Gunasekera returned to Seenigama in Sri Lanka’s Galle district days after it was wiped out by a massive tsunami on Dec. 24, 2014, he got to work. Children learn traditional dancing at a tsunami-hit village, in Seenigama, Sri Lanka, November 30, 2019. Picture taken November 30, 2019. REUTERS/Shihar …

Sri Lanka’s ‘Foundation of Goodness’ turns around a village decimated by tsunami Read More »

Next Army Chief Manoj Mukund Naravane has worked at all operational fronts

Next Army Chief Manoj Mukund Naravane has worked at all operational fronts

New Delhi: Lieutenant General Manoj Mukund Naravane, who has experience on all fronts – both land borders as well as counter insurgency operations, will be the next chief of the Army. Naravane will be replacing General Bipin Rawat, who retires on December 31. Naravane, who will serve until April 2022, is currently the army’s Vice …

Next Army Chief Manoj Mukund Naravane has worked at all operational fronts Read More »

Taiwan elections fought online amid accusations of flagrant disinformation

Taiwan elections fought online amid accusations of flagrant disinformation

A young girl holding a Taiwan flag. Chris Stowers | AFP | Getty Images TAIPEI — With elections just a few weeks away in Taiwan, political parties are scrutinizing digital activities of their rivals amid accusations of cyber armies spreading false information and allegations that China is interfering in the campaign. In the lead-up to …

Taiwan elections fought online amid accusations of flagrant disinformation Read More »

A New Study Shows the Damage Just 3 Years of Vaping Could Do to Your Lungs

A New Study Shows the Damage Just 3 Years of Vaping Could Do to Your Lungs

This is the web version of Brainstorm Health Daily, Fortune’s daily newsletter on the top health care news. To get it delivered daily to your in-box, sign up here. Happy Monday, readers. I hope you had a wonderful weekend. We continued to learn more about the long-term effects of vaping and e-cigarette use Monday. A first-of-its kind …

A New Study Shows the Damage Just 3 Years of Vaping Could Do to Your Lungs Read More »

U.S. approves Roche-Spark merger – Roche Holding AG (OTCMKTS:RHHBY)

The FTC closes its probe into Roche’s (OTCQX:RHHBY) $4.8B acquisition of Spark Therapeutics (NASDAQ:ONCE). The agency won’t require any asset sales for the merger to comply with antitrust laws. The FTC says the investigation “did not indicate that Roche would have the incentive to delay or terminate Spark’s developmental effort for its hemophilia A gene therapy, …

U.S. approves Roche-Spark merger – Roche Holding AG (OTCMKTS:RHHBY) Read More »

Vaping increases the risk of lung disease by a third: U.S. study By Reuters

By Julie Steenhuysen CHICAGO (Reuters) – Using e-cigarettes significantly increases the risk of developing chronic lung conditions such as asthma or emphysema, U.S. researchers said on Monday. The study, published in the American Journal of Preventive Medicine, is among the first to show the potential long-term harms of using e-cigarettes, which are often promoted as …

Vaping increases the risk of lung disease by a third: U.S. study By Reuters Read More »

Every Android Phone Now Has RCS Messaging. Here’s What You Should Know

Every Android Phone Now Has RCS Messaging. Here’s What You Should Know

Google’s Android users finally have access to a new messaging protocol that promises many of the benefits Apple users already get from iMessage. As of late last week, all U.S. Android users now have access to Rich Communication Services (RCS), a far more powerful messaging platform and an alternative to the widely-used text messaging protocol …

Every Android Phone Now Has RCS Messaging. Here’s What You Should Know Read More »

How $738 billion defense bill could help a tiny flatware manufacturer win big

How 8 billion defense bill could help a tiny flatware manufacturer win big

L to R: Greg Owens, Sherrill Manufacturing CEO, Rep. Anthony Brindisi and Matthew Roberts, Sherrill Manufacturing president, at a press conference, in Sherrill, NY on Monday, December 16, 2019. Karen James Sloan | CNBC SHERRILL, N.Y. — Buried deep inside the sprawling federal bill to fund the nation’s military is a special gift for a …

How $738 billion defense bill could help a tiny flatware manufacturer win big Read More »

ICM Partners sells minority stake for $150m to Crestview Partners

ICM Partners sells minority stake for 0m to Crestview Partners

Another wedge of private equity money just landed in the music business. Today (December 16), talent agency ICM Partners has confirmed that it has sold a minority ownership stake in its business to New York-based PE company Crestview Partners. Sources peg the transaction behind the deal at around $150m, and suggest Crestview has taken control …

ICM Partners sells minority stake for $150m to Crestview Partners Read More »

‘Real artists are breaking very big, very fast… because there’s a thirst for superstars.’

MBW’s World’s Greatest Managers series profiles the best artist managers in the global business. This time, we speak to Brandon Creed, manager of Mark Ronson, Charli XCX and co-manager of Lizzo, amongst others – and the co-founder of Full Stop Management. The World’s Greatest Managers is supported by Centtrip, a specialist in intelligent treasury, payments …

‘Real artists are breaking very big, very fast… because there’s a thirst for superstars.’ Read More »

Ravi Shankar Prasad: Govt did not engage Pegasus for snooping on individual targets: Ravi Shankar Prasad

Ravi Shankar Prasad: Govt did not engage Pegasus for snooping on individual targets: Ravi Shankar Prasad

MUMBAI: The government did not engage Pegasus for snooping on individual targets, Union minister Ravi Shankar Prasad said on Monday. Pegasus was recently dragged to US courts by Whatsapp for a software, which allegedly helped an entity to remotely snoop on a target. Pegasus has said it provides services to sovereigns itself. According to reports …

Ravi Shankar Prasad: Govt did not engage Pegasus for snooping on individual targets: Ravi Shankar Prasad Read More »

Credit Suisse boosts price target on Alaska Air – Alaska Air Group, Inc. (NYSE:ALK)

Credit Suisse updates estimates on Alaska Air Group (ALK +1.6%) in order to factor in today’s guidance update from the airline operator. The firm expects 2019 EPS of $6.37, 2020 EPS of $6.80 and 2021 EPS of $7.50 to reflect revised fuel price and efficiency assumptions. CS lifts its price target on Outperform-rated ALK to $82 …

Credit Suisse boosts price target on Alaska Air – Alaska Air Group, Inc. (NYSE:ALK) Read More »

Blockchain Might Be a Silver Bullet for Fighting Deepfakes By Cointelegraph

Blockchain Might Be a Silver Bullet for Fighting Deepfakes In an era of scams and fake news, so-called “deepfakes” are the latest assault on our relationship with reality. If you’re unfamiliar, deepfakes are videos generated with help from artificial intelligence that show a recognizable figure (like Barack Obama or Mark Zuckerberg, for example) saying things …

Blockchain Might Be a Silver Bullet for Fighting Deepfakes By Cointelegraph Read More »

Germany steps up hunt for migrant workers amid fears for economy

Germany steps up hunt for migrant workers amid fears for economy

Germany is stepping up efforts to attract more migrant workers from outside Europe, as business leaders and politicians warn that the pervasive lack of skilled labour poses a mounting risk to the country’s economy. A decade of expansion has left the German labour market with record low unemployment and companies struggling to fill 1.36m vacancies. …

Germany steps up hunt for migrant workers amid fears for economy Read More »

China’s Big Blockchain Bet Aims for an Early Advantage Over the U.S.

China’s Big Blockchain Bet Aims for an Early Advantage Over the U.S.

Any talk of the on-going “tech Cold War” between the U.S. and China includes the countries’ positions in the fields of artificial intelligence, 5G networks, quantum computing, and semiconductors. Meanwhile, the development of blockchain, the distributed ledger technology that underpins Bitcoin and has potential uses in cross-border payments, supply chain management, and manufacturing, has not …

China’s Big Blockchain Bet Aims for an Early Advantage Over the U.S. Read More »

German car industry threatened over Huawei – Daimler AG (OTCMKTS:DDAIF)

China’s ambassador to Germany has threatened Berlin with retaliation if it excludes Huawei as a supplier of 5G wireless equipment, citing the millions of vehicles German carmakers sell in China. Chancellor Angela Merkel’s government has been widely accused of bowing to Chinese pressure after she ruled out banning Huawei from the country’s 5G network. Lawmakers …

German car industry threatened over Huawei – Daimler AG (OTCMKTS:DDAIF) Read More »

Electrolux sees extra U.S. costs hitting fourth quarter earnings By Reuters

© Reuters. FILE PHOTO: The Electrolux logo is seen during the IFA Electronics show in Berlin STOCKHOLM (Reuters) – Appliance maker Electrolux AB (ST:) said on Sunday its North American business would take a higher than forecast $70 million earnings hit in the fourth quarter, partly due to extra costs related to its move into …

Electrolux sees extra U.S. costs hitting fourth quarter earnings By Reuters Read More »

India braces for more unrest as opposition to citizenship law spreads

India braces for more unrest as opposition to citizenship law spreads

India was braced for more protests on Monday after opposition to a controversial citizenship law granting preference to non-Muslims erupted into violence in Delhi with police storming a prominent university during the night. Scores of students at the Jamia Millia Islamia university in the Indian capital were injured and dozens arrested on late on Sunday, …

India braces for more unrest as opposition to citizenship law spreads Read More »

Ex-NASA engineer releases doorstep delivery glitter bomb trap 2.0

Ex-NASA engineer releases doorstep delivery glitter bomb trap 2.0

Mark Rober, American engineer, inventor and YouTube personality. Mark Rober, YouTube The former NASA engineer-turned-YouTube star — who earned viral acclaim last year with his glitter bomb booby trap for doorstep delivery thieves — has made a festive comeback, just in time for season’s gift-giving spike. Mark Rober spent nearly a year designing a new …

Ex-NASA engineer releases doorstep delivery glitter bomb trap 2.0 Read More »

Jharkhand election: Jharkhand election: Polling for penultimate phase begins

Jharkhand election: Jharkhand election: Polling for penultimate phase begins

Ranchi, Jharkhand: Polling for the fourth phase of the five-phased Jharkhand Assembly election began in 15 constituencies on Monday. The voting began at 7 am, Election Commission (EC) officials said. It will conclude at 3 pm at Jamua, Bagodar, Giridih, Dumri and Tundi, while for the rest of the seats, the voting will continue till …

Jharkhand election: Jharkhand election: Polling for penultimate phase begins Read More »

Boeing mulls trimming or suspending 737 MAX production – WSJ – The Boeing Company (NYSE:BA)

With a board meeting under way today, a pause in production of the troubled jet is increasingly being seen by management as the best option, according to the story. Such a move would set off job cuts and furloughs across the global aerospace industry, not to mention a sizable charge against Boeing’s (NYSE:BA) financial results. A …

Boeing mulls trimming or suspending 737 MAX production – WSJ – The Boeing Company (NYSE:BA) Read More »

Hong Kong protests flare ahead of Xi meeting with city leader By Reuters

By Donny Kwok HONG KONG (Reuters) – Hong Kong police fired tear gas in late night street clashes with anti-government protesters, ahead of a potentially pivotal meeting between Hong Kong’s leader and China’s president in Beijing on Monday. Hong Kong Chief Executive Carrie Lam, in the Chinese capital for a regular duty visit, is set …

Hong Kong protests flare ahead of Xi meeting with city leader By Reuters Read More »

Turkey warned over lapses in money laundering and terror financing

Turkey warned over lapses in money laundering and terror financing

Turkey has been warned by an international watchdog to improve “serious shortcomings” in its approach to combating money laundering and terrorist financing or face being added to an international “grey list” — a step that could damage its ability to attract foreign financing. The warning by the Financial Action Taskforce (FATF) comes in a report …

Turkey warned over lapses in money laundering and terror financing Read More »

Militants kill 22 in eastern Congo despite claims of security progress By Reuters

Militants kill 22 in eastern Congo despite claims of security progress By Reuters

Militants kill 22 in eastern Congo despite claims of security progress GOMA, Democratic Republic of Congo (Reuters) – Suspected Islamist militiamen killed at least 22 people overnight in eastern Democratic Republic of Congo, authorities said on Sunday, as the rebels kept up attacks on civilians despite government claims to have them on the defensive. Similar …

Militants kill 22 in eastern Congo despite claims of security progress By Reuters Read More »

UK regulators step up external probes of financial groups

UK regulators step up external probes of financial groups

The number of independent investigations ordered by UK regulators into financial institutions has risen for the first time in four years, driven by concerns around money-laundering and white-collar crime, according to new data. Regulators demanded 51 so-called skilled persons’ reports in the 2018-19 financial year, a 16 per cent increase on the previous 12 months. …

UK regulators step up external probes of financial groups Read More »

Discovering the Allure of Cookbooks: Why They’re Still Worth Buying

Discovering the Allure of Cookbooks: Why They’re Still Worth Buying

There is something rather nostalgic about cookbooks. Usually accompanied by an introduction filled with personal tales, they are totems of specific time periods in the chefs’ own lives, epilogues to days and nights spent crafting endless recipes. Wistful in a way that only the combination of food, words, and images can be, the collections become …

Discovering the Allure of Cookbooks: Why They’re Still Worth Buying Read More »

The Willy Wonka of Gin Is Reimagining the Liquor With a Knack for the Unconventional

The Willy Wonka of Gin Is Reimagining the Liquor With a Knack for the Unconventional

Among the many wonders of Scotland lies a fragrant emporium of gin, a now flourishing industry boasting more than 80 distilleries countrywide. Among them, storytellers bring depth beyond the spirit with tales of history and the land. Verdant Spirits out of Dundee recalls the city’s port era by infusing herbs imported during its trading heydays, …

The Willy Wonka of Gin Is Reimagining the Liquor With a Knack for the Unconventional Read More »

Karnataka farmer: Onions make debt-ridden Karnataka farmer crorepati

Karnataka farmer: Onions make debt-ridden Karnataka farmer crorepati

BENGALURU: Onions are definitely making customers cry. But the skyrocketing prices brought huge windfall to an onion grower in Doddasiddavvanahalli in Chitradurga district – farmer Mallikarjuna became a crorepati in a month’s time. The 42-year-old debt-ridden farmer, who sowed onion seeds after taking a loan, said that it was the biggest risk he had taken …

Karnataka farmer: Onions make debt-ridden Karnataka farmer crorepati Read More »

Major states snub calls for climate action as U.N. summit wraps up

Major states snub calls for climate action as U.N. summit wraps up

MADRID (Reuters) – A handful of major states resisted pressure on Sunday to ramp up efforts to combat global warming as a U.N. climate summit ground to a close, angering smaller countries and a growing protest movement that is pushing for emergency action. Carolina Schmidt, COP25 President and Chile’s Minister of Environment, speaks at the …

Major states snub calls for climate action as U.N. summit wraps up Read More »

Brief calm in Hong Kong is over – iShares MSCI Hong Kong ETF (NYSEARCA:EWH)

Police used pepper spray and made multiple arrests on Sunday as pro-democracy protesters targeted shopping malls, ending a rare lull in violence. Police acknowledged taking “enforcement actions” in a statement today. The skirmishes are the first to break out in three weeks. Last week about 800,000 people demonstrated peacefully. But with no indication of further …

Brief calm in Hong Kong is over – iShares MSCI Hong Kong ETF (NYSEARCA:EWH) Read More »

Turkish lawmakers set to sign off on Libya military support deal By Reuters

Turkish lawmakers set to sign off on Libya military support deal ISTANBUL (Reuters) – Turkey moved closer to military support for Libya’s internationally recognized government late on Saturday when a bilateral deal was sent to parliament that includes provisions for launching a “quick reaction force” if requested by Tripoli. Late last month, Ankara and Tripoli …

Turkish lawmakers set to sign off on Libya military support deal By Reuters Read More »

Deadly eruption hits New Zealand volcano tourist town hard By Reuters

By Charlotte Greenfield WHAKATANE (Reuters) – Helicopter pilot Mark Law did not hesitate to fly out to New Zealand’s White Island volcano immediately after it erupted to carry survivors to hospital, but after a harrowing week he knows his town’s adventure tourism industry faces an uncertain future. As the search continues for the final two …

Deadly eruption hits New Zealand volcano tourist town hard By Reuters Read More »

U.S. presidential candidate Buttigieg releases list of major fundraisers By Reuters

(Reuters) – U.S. Democratic presidential contender Pete Buttigieg released the names of his major fundraisers on Friday, bowing to growing pressure from rival Elizabeth Warren and U.S. journalists to be more transparent in his campaign. The list of 113 people includes everyone who has raised at least $25,000 for his campaign as bundlers, a common …

U.S. presidential candidate Buttigieg releases list of major fundraisers By Reuters Read More »

The pushback over delays in GST transfers by the Centre is the latest instance of states’ growing assertion on the fiscal front

The pushback over delays in GST transfers by the Centre is the latest instance of states’ growing assertion on the fiscal front

States are shaken. Their financial pipeline from the Centre is drying up, they claim, and they are struggling to pay their dues because the central government is not keeping its promise. “It is demeaning and embarrassing,” says Manpreet Singh Badal, the finance minister of Punjab. “We signed away our financial sovereignty but are now being …

The pushback over delays in GST transfers by the Centre is the latest instance of states’ growing assertion on the fiscal front Read More »

The Cap and Trade Market Is Going Global—If Politics Are Put Aside

The Cap and Trade Market Is Going Global—If Politics Are Put Aside

Delegates at UN Climate Change Conference COP25 have been gathered in Madrid for nearly two weeks in hopes of finalizing the remaining articles of the 2015 Paris Agreement. Their work is spurred on by massive youth protests led in part by Swedish student activist Greta Thunberg, who has called for heightened urgency around climate change. …

The Cap and Trade Market Is Going Global—If Politics Are Put Aside Read More »

‘I will repay your trust’, UK PM Johnson tells ex-Labour voters on trip to north

‘I will repay your trust’, UK PM Johnson tells ex-Labour voters on trip to north

LONDON (Reuters) – Prime Minister Boris Johnson visited former strongholds of his Labour opponents in northern England on Saturday and pledged to repay their trust for helping to deliver a stunning victory for his Conservative Party in Britain’s national election. Johnson led the Conservatives on Thursday to their biggest election win since Margaret Thatcher’s landslide …

‘I will repay your trust’, UK PM Johnson tells ex-Labour voters on trip to north Read More »

US isn’t weaponizing dollar; sanctions are alternative to war

US isn’t weaponizing dollar; sanctions are alternative to war

A Chinese bank employee counts 100-yuan notes and U.S. dollar bills at a bank counter in Nantong in China’s eastern Jiangsu province on August 6, 2019. STR | AFP | Getty Images U.S. Treasury Secretary Steven Mnuchin on Saturday rejected the suggestion that the Trump administration is weaponizing the dollar through its trade-restricting policies with …

US isn’t weaponizing dollar; sanctions are alternative to war Read More »

California governor Gavin Newsom rejects PG&E bankruptcy plan

California governor Gavin Newsom rejects PG&E bankruptcy plan

California Governor Gavin Newsom on Friday rejected a bankruptcy reorganization plan submitted by PG&E Corp., the state’s largest investor-owned utility, saying its proposal fails to meet the requirements of a recently enacted wildfire law. The decision by Newsom, sent to PG&E in a letter, complicates the company’s push to exit bankruptcy and provide billions of …

California governor Gavin Newsom rejects PG&E bankruptcy plan Read More »

This Storied Champagne House’s Forward-Thinking Cellar Master Could Be Changing the Industry

This Storied Champagne House’s Forward-Thinking Cellar Master Could Be Changing the Industry

The mansion known as Hôtel Werlé sits quietly on Boulevard Lundy in the heart of Reims, Champagne’s largest city, a 19th-century edifice built in the style of Louis XV, all architraves and wrought iron. It was long the private residence of the family that runs Louis Roederer, one of Champagne’s most prestigious houses; Frédéric Rouzaud, …

This Storied Champagne House’s Forward-Thinking Cellar Master Could Be Changing the Industry Read More »

Violent protests rage in India for fourth day over citizenship law

Violent protests rage in India for fourth day over citizenship law

KOLKATA/LUCKNOW (Reuters) – Demonstrators in eastern India set fire to more than a dozen buses and vandalised at least six railway stations on Saturday, as violent protests against a new citizenship law continued for a fourth straight day. A protester attends a protest against the Citizenship Amendment Bill, that seeks to give citizenship to religious …

Violent protests rage in India for fourth day over citizenship law Read More »

No compromise on Savarkar: Shiv Sena’s stern message to ally Congress

No compromise on Savarkar: Shiv Sena’s stern message to ally Congress

MUMBAI: In a stern message to ally Congress, Shiv Sena on Saturday said that it will not compromise with its stand on Hindu ideologue Vinayak Damodar Savarkar whom it described as a “God-like figure”. Hours after former Congress president Rahul Gandhi‘s statement on Savarkar, Shiv Sena leader Sanjay Raut said the Hindu ideologue had also …

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