Economy

10 points to check before you file your ITR

10 points to check before you file your ITR The ITR filing due date has been extended from 31 July 2018 to 31 August 2018. The Income Tax Department has made the entire process of filing tax returns simpler this time. A penalty of ₹5,000 will be levied if the return is filed after the due date but before 31 December, as per this new provision applicable from this year. [Full Article...]

Putin "ready" to visit D.C., invites Trump to Russian Federation

Last week, just days after they met in Helsinki, Trump invited Putin to Washington for a second sit-down . His initial remarks raised concerns that Mr. The agency quoted Putin as saying "He has, by the way, such an invitation, and I told him about it". "Despite the difficulties, in this particular case difficulties linked to the internal political situation in the United States, life goes on... [Full Article...]

'Papa John' files lawsuit against Papa John's pizza chain

'Papa John' files lawsuit against Papa John's pizza chain Following the latest controversy, the company said it would start scrubbing Schnatter's image from its marketing materials and is evaluating all ties with him. That included the University of Louisville announcing that the school's football stadium would no longer carry the Papa John's name. In the complaint filed Thursday, Schnatter alleges that the other members of the Papa John's board ma... [Full Article...]

SEC Sinks Bitcoin ETF Over Fears of Price Manipulation

SEC Sinks Bitcoin ETF Over Fears of Price Manipulation We do know that this is mostly likely down to the SEC decision to reject the Winklevoss application for a Bitcoin ETF but regardless of what's caused it, it's happening and unfortunately, there's not a lot we can do about it at present. [Full Article...]

Donald Trump says China is 'vicious,' using United States farmers as trade pawns

Donald Trump says China is 'vicious,' using United States farmers as trade pawns Few things are more dramatic than a game of chicken, and in their coverage of the Donald Trump and Jean-Claude Juncker's substance-free press conference Wednesday, the news media ran with the president's characterization of their meeting, i.e. [Full Article...]

Trump to Provide $12 Billion in Aid to Farmers. Critics Cry ‘Welfare!’

Trump to Provide $12 Billion in Aid to Farmers. Critics Cry ‘Welfare!’ Some farmers and farm-state lawmakers, including Trump's fellow Republicans, ripped the move, saying they would rather trade with no tariffs than receive government help. "We are ready to invest in infrastructure and new terminals, which could welcome imports of energy from the United States and elsewhere, but mainly from the United States, if the conditions were right and prices competitive", ... [Full Article...]

Mark Zuckerberg loses $24 billion in a few hours

Mark Zuckerberg loses $24 billion in a few hours The stock slide began right after Facebook reported second-quarter results after the market closed Wednesday. The company's leaders, including its chief executive, Mark Zuckerberg , added that the trajectory was not likely to improve anytime soon, especially as Facebook spends to improve the privacy and security of users. [Full Article...]

London taxi drivers mull class action suit against Uber

London taxi drivers mull class action suit against Uber Black-cab drivers were looking to sue the company for more than 1 billion euros, which is estimated to be upwards of 1,350,000,000 in USA dollars. Members of the London Taxi Drivers' Association (LTDA) are looking into legal action against Uber which will claim that each driver has lost at least £10,000 for the last five years because of the way the company has operated. [Full Article...]

China pulls approval for Facebook's planned venture

China pulls approval for Facebook's planned venture He reiterated Facebook was developing products for China "over the long term", but added: "We need to figure out a solution that is in line with our principles and what we want to do, and in line with the laws there, or else it's not going to happen". [Full Article...]

Trump, Mexico expect progress in stalled NAFTA talks

Trump, Mexico expect progress in stalled NAFTA talks The move comes after three Canadian solar panel manufacturers filed a lawsuit against the US government in February. The Canadian government launched a North American Free Trade Agreement challenge to the Trump administration's safeguard duties on solar panels Monday, asserting that the tariffs were imposed illegally. [Full Article...]

Officer Helps Homeless Man Shave, So He Can Apply For Job

Officer Helps Homeless Man Shave, So He Can Apply For Job While he was fixing the razor, Phil told the officer he had the opportunity to get a job at McDonald's if he showed up Monday with a clean shave. It's not known whether Phil got his job or not, what we do know is that we could do with a couple more people, not just policemen, like Officer Tony Carlson. [Full Article...]

Oil prices gain as US drillers cut oil rigs

Oil prices gain as US drillers cut oil rigs The Saudis and their allies - which include several neighbors from the Gulf Cooperation Council and also non-OPEC producer Russian Federation - promised at the Organization of Petroleum Exporting Countries' last meeting in late June to increase output by about 1 million barrels a day to offset disruptions in Venezuela and Libya , plus the looming losses in Iran. [Full Article...]

Republicans visiting White House surprised by European Union trade announcement

Republicans visiting White House surprised by European Union trade announcement Qualcomm had said on Wednesday it was dropping the bid. "A breakthrough has been quickly made that nobody thought possible!" Juncker said the two sides agreed that as long as they were negotiating on trade, they would hold off on further tariffs, including potential USA tariffs on cars and auto parts. [Full Article...]

Bank of Japan moves to lower yields

Bank of Japan moves to lower yields The yield on Japan's benchmark 10-year bond, which moves inversely to its price, jumped 5 basis points to 0.08 percent, the yield on the long-term 30-year surged 8-1/2 basis points to 0.76 percent and the yield on short-term 2-year remained 2 basis points higher at -0.10 percent by 05:00GMT. [Full Article...]

Why Trump’s record-breaking trade aid for farmers could fail

Why Trump’s record-breaking trade aid for farmers could fail President Donald Trumpand European Commission president Jean-Claude Juncker emerge from the White House . A senior European official told Fox News ahead of the meeting between Juncker and Trump that the aim of the meeting was to build on a conversation the two had at a G7 summit in Canada last month and to work out what exactly the US wants. [Full Article...]

Apple won't be using Qualcomm wireless chipsets in 2018 iPhones

Apple won't be using Qualcomm wireless chipsets in 2018 iPhones There have been multiple reports about the growing rift between Qualcomm and Apple; the result of a patent dispute between the two companies. The bad news came this afternoon. According to Morgan Stanley analyst Katy Huberty, we may not see the new, least-expensive 6.1-inch model until October. Qualcomm Inc. Chief Financial Officer George Davis said Apple Inc. [Full Article...]

Trump calls Chinese trade practices ‘vicious’

Trump calls Chinese trade practices ‘vicious’ Trump and Mr. Juncker as "absolutely crucial". "I think everybody sort of changed what they were going to say", said Sen. Ryan said he understood Trump's goal - of trying to get a "better deal for Americans" - but he disagreed with the president's strategy. [Full Article...]

EU Fines Asus, Philips, And Pioneer For Price Fixing

EU Fines Asus, Philips, And Pioneer For Price Fixing The European Commission has sent a slightly belated message to the consumer electronics industry that it frowns upon price fixing, this week fining four manufacturers a total of €111m (US$130m, £99m) for breaking European rules as long as seven years ago. [Full Article...]

Facebook sees users flee in Europe amid GDPR | Digital

Facebook sees users flee in Europe amid GDPR | Digital This was up 11% on June 2017, the slowest growth in more than two years. Facebook reported $5.1 billion in profit, or $1.74 per share, compared with the average estimates of $5.1 billion and $1.72 per share among research gathered by Thomson Reuters . [Full Article...]

Trump Announces $12B Bailout For Farmers

Trump Announces $12B Bailout For Farmers U.S. President Donald Trump said on Wednesday he hopes to work out a fair and reciprocal trade deal between the United States and Europe as he welcomed the head of the European Commission to the White House for talks. "We agreed today, first of all, to work together toward zero tariffs, zero non-tariff barriers and zero subsidies on non-auto industrial goods", Trump said. [Full Article...]


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