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Indian rupee touches fresh new low against the dollar, UAE dirham - Dotemirates
2 month 2 day

Indian rupee touches fresh new low against the dollar, UAE dirham

The Indian rupee has continued to drop and hit a new record low of 72.58 against the US dollar on Monday although it has since recovered to 72.49. The Indian currency opened at record low of 72.15 a dollar on Monday, compared to its close of 71.73. It is currently trading at 19.76 rupees to one UAE dirham (11.30am UAE time). The dirham is pegged to the US dollar. The rupee is now one of Asia’s worst performers, losing 13 per cent this year. It has fallen due to strong demand for the US currency from importers, while a surge...


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Watch a 757 Land Practically Sideways in Gale Force Winds

TUI Airways Captain Brenda Riepsaame Wassink provided a reminder of just how tricky air travel can be when she was forced to land in Bristol, UK during a storm with gale force winds.Using a technique called crabbing, Wassink was able to land at a severe angle through Storm Callum so that the Boeing 757-200 nose was in the midst of the wind until just before touching down on the tarmac. To crab on an airplane means to keep the tarmac straight amidst a powerful crosswind. A pilot angles the nose, according to Ask A Flight Instructor, in order to use...
15 minute 53 second

GAO denies Oracle's protest over Pentagon $10 billion cloud contract

The Government Accountability Office said it's denied a protest filed by Oracle ORCL, -0.54% that challenged the terms of a request for proposal for the Joint Enterprise Defense Infrastructure cloud procurement. The GAO said the Pentagon "reasonably determined" that a single-award approach for the potential $10 billion deal is in the government's best interests for various reasons, including national security concerns. Oracle's contention that the agency failed to properly consider potential conflicts of interest also was rejected. The GAO has yet to rule on a protest by IBM IBM, -0.18% over the same contract. Have breaking news sent to your...
24 minute 33 second

PG&E stock price plunges as California wildfires burn

Shares in California electric utility PG&E plummeted Wednesday to their lowest level in more than a decade with some Californians who have lost homes saying the power company is at fault for sparking the state's deadliest and most destructive wildfire.In a lawsuit filed this week, homeowners said a high voltage transmission line failed, producing the sparks that caused the fire. They accuse Pacific Gas & Electric Co. of failing to maintain infrastructure.Shares in the San Francisco company plunged another 31 percent Wednesday, to $25.99. The have lost about 45 percent of their value since the Camp Fire broke out northeast...

25 minute 44 second

Democrat Schumer and Republican McConnell retain party leadership roles in Senate

WASHINGTON — Senate Republicans re-elected Mitch McConnell as their leader Wednesday, as the GOP prepares to expand its majority in the chamber next year. McConnell was re-elected by acclamation by Senate Republicans in a closed-door meeting, according to aides. Honored pic.twitter.com/fbnYAu57pD— Leader McConnell (@senatemajldr) November 14, 2018 Sen. John Thune (R., S.D.) was elected as his whip, replacing current Majority Whip John Cornyn (R., Texas), who is facing term limits in the post. Cornyn is expected to remain in GOP leadership as a counselor to McConnell. Don’t miss: McConnell’s call for bipartisanship blasted as hypocritical The Democratic leadership team in...
27 minute 34 second

Washing machines, dishwashers are more expensive after Trump tariffs

The cost of new washers, dryers and other major appliances are surging in the wake of White House tariffs. Prices for major appliances have jumped 8.1% in the past 12 months, with all of the increase coming since April, according to a government index that tracks consumer prices. The only other period when prices have risen faster was briefly in 2012, based on government records going back 20 years. Already, several major producers such as Whirlpool WHR, -2.27% Bosch and Electrolux ELUXB, -0.89%   have announced price increases. Others have suggested they will limit holiday promotions. Read: Electrolux profit dinged by...
53 minute 10 second

A handgun for Christmas: Company buys firearms for every employee ahead of holidays

A Wisconsin manufacturing company gave its employees what may be one of the more unusual corporate Christmas gifts: firearms. BenShot, which makes glassware embedded with bullets, gave guns to its 16 full-time employees as a holiday gift because it wanted to provide a "memorable" present to its workers. Owner Ben Wolfgram told CBS MoneyWatch that the gift was also about "personal safety," and that the company offered a handgun safety course to employees.Employees could choose which type of gun they wanted, with a value of up to $500, Wolfgram said. Some employees chose smaller firearms, while others picked larger ones....