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Markets

2,768.85 -0.79%
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70,545,020
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-0.79%
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14
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5,038.99 -0.03%
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9
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Palestinian economy in ‘crisis’ over Israel standoff: World Bank - Dotemirates
17/04/2019

Palestinian economy in ‘crisis’ over Israel standoff: World Bank

JERUSALEM: The World Bank warned Wednesday of a deepening economic crisis in the occupied West Bank if the Palestinian Authority and Israel do not resolve a dispute over tax transfers.Israel collects around $190 million a month in customs duties levied on goods destined for Palestinian markets that transit through its ports, and then transfers the money to the PA.In February, Israel decided to deduct around $10 million a month from the revenues — the sum the PA paid families of prisoners or prisoners themselves serving time in Israeli jails — prompting the Palestinians to refuse any funds at all.Israel sees...


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16/08/2019

German finance minister Scholz to run for Social Democrat leadership — reports

German Finance Minister Olaf Scholz said he was willing to run for the leadership of the Social Democrats (SPD), news magazine Der Spiegel reported on Friday. "I am ready to run if you want me to," Scholz reportedly told the interim heads of the SPD in a telephone conference. No one opposed his offer on the call, a source told Der Spiegel. Scholz has since been looking for a female running-mate to co-head the center-left party, after the SPD decided to adopt a gender parity leadership model. News agency AFP also reported that the finance minister was ready to become...

Weak investment, muted monetary transmission challenges for Indian economy: Goldman

New Delhi: Notwithstanding India's progress on growth and inflation, some of the big challenges for the economy include weak investment, muted monetary transmission and slow GST collections, according to Goldman Sachs. India's GDP growth increased from an average of 6.7 per cent during 2010 to 2014 to 7.3 per cent during 2015 to 2019, while, average inflation has declined from 10 per cent to 5 per cent during the same period. "Despite growth being strong, overall, the investment climate was pretty weak," said Prachi Mishra, India Chief Economist, Goldman Sachs in a podcast wherein she discussed the drivers of India's...
16/08/2019

Oil rises more than 1% as US recession fears recede

TOKYO: Crude oil prices rose more than 1 percent on Friday following two days of declines, buoyed after data showing an increase in retail sales in the United States helped dampen concerns about a recession in the world’s biggest economy.Brent crude was up 68 cents, or 1.2 percent, at $58.91 a barrel at 0650 GMT, after falling 2.1 percent on Thursday and 3 percent the previous day.US crude was up 63 cents, or 1.2 percent, at $55.10 a barrel, having dropped 1.4 percent the previous session and 3.3 percent on Wednesday.US retail sales rose 0.7 percent in July as consumers...

16/08/2019

Angel Flight hits back at 'grossly wrong' ATSB report into fatal Mount Gambier plane crash

By Rhett Burnie The head of Angel Flight Australia is calling for a Senate review into an Australian Transport Safety Bureau (ATSB) report that found the charity was seven times more likely to be involved in a fatal crash than other private flight operators.Marjorie Pagani slammed the ATSB investigation into a fatal Angel Flight crash in regional South Australia in June 2017, labelling it "demonstrably wrong".Tracy Redding, 43, her daughter Emily, 16, and Angel Flight volunteer pilot Grant Gilbert, 78, were killed when the light aircraft they were in crashed into a paddock, 70 seconds after take-off at Mount Gambier...
16/08/2019

Telstra outage causes 20hr communications blackout affecting mobile phones, internet in northern WA

ABC Kimberley By Erin Parke Businesses are demanding improvements to phone and internet systems in Australia's north after a 20-hour outage shut down retail systems, delayed flights, and slowed police responses to home burglaries.Telstra says a 'third party' was responsible for damaging the fibre optic cable near Port Hedland in Western Australia's north on Thursday afternoon, knocking out the 3G and 4G mobile networks across the Kimberley, along with some landline and broadband services, affecting about 50,000 people.In Broome, that meant queues of people at the handful of ATMs still working, and pubs and shops erecting 'cash only' signs during...
16/08/2019

Huawei gets caught up in China territory controversy

China's Huawei, the tech giant under scrutiny for its alleged links to the Chinese government, has become caught up in a controversy surrounding the representation of Taiwan.Huawei has come under fire for allegedly implying in its smartphone settings that Taiwan is independent.Despite a backlash on social media, Huawei has declined to comment.It is the latest firm - and an unexpected one - to get caught up in this kind of controversy.Global brands such as Versace, Coach, Givenchy, and Swarovski all faced similar criticism this week for listing Hong Kong, Macau, and Taiwan as a separate countries or regions - not...