Archive For The “Economy” Category

IMF foresees global economy accelerating to 3.5 pct. in ’17

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IMF foresees global economy accelerating to 3.5 pct. in ’17

WASHINGTON (AP) – A resilient China, rising commodity prices and sturdy financial markets are offering a sunnier outlook for the global economy and helping dispel the gloom that has lingered since the Great Recession ended. It also predicted a primary surplus of 3.3 percent for 2016, compared to its previous projection of 0.1 percent.In a…

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Softbank mulling a quick $1 bn Paytm-Snapdeal merger

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Softbank mulling a quick $1 bn Paytm-Snapdeal merger

SoftBank To Invest $1.2 to $1.5 Billion: Paytm- an Indian payment and commerce company is in talks with SoftBank Group- a Japanese multinational telecommunications and Internet corporation to raise $1.2 to $1.5 Billion. The deal is now said to be in its final stages, with reports suggesting Goldman Sachs is to advise Flipkart on the…

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Federal Liberals make another infrastructure announcement in Alberta

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Federal Liberals make another infrastructure announcement in Alberta

A day after announcing the federal government’s funding support for highway projects across Alberta, Infrastructure and Communities Minister Amarjeet Sohi will be making another announcement in Edmonton Friday.Sohi will be at NorQuest College where he’s expected to detail the government’s Post-Secondary Institutions Strategic Investment Fund.On Thursday, the federal Liberals committed $255 million towards 96 highway…

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Goldman Sachs’ profits miss forecasts as trading struggled

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Goldman Sachs’ profits miss forecasts as trading struggled

Total shares held by institutions as of the most recent company filings are 294,846,273 with a reported 26,798,900 bought and 22,432,014 sold.Shares of Goldman Sachs ticked lower by as much as 3.32% to $218.75 in premarket trades.Goldman shares have fallen 5.5 percent since the beginning of the year, while the Standard & Poor’s 500 index…

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Economic spinoffs since opening of exclusive south Okanagan race track

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Economic spinoffs since opening of exclusive south Okanagan race track

Gear heads with the need for speed tested out the blacktop at the newly minted Area 27 motorsport track near Oliver today.“I never expected in my life to have something in my backyard that is this amazing,” said driving school student Jerod Hudson.Students dished out a few thousand dollars to practice on the five kilometre…

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Jimmy Fallon returned to SNL this week to play Jared Kushner

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Jimmy Fallon returned to SNL this week to play Jared Kushner

The pair then take time share memories of Trump’s near-100 days in office before Pence let his boss know he needed to straighten out the conflict between Jared Kushner and Steve Bannon as it has been “a huge distraction for us”.Baldwin’s Trump then said the victor would be able to continue to advise him and…

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How United Airlines added insult to injury in Dr David Dao case

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How United Airlines added insult to injury in Dr David Dao case

United Airlines is changing the way it handles certain situations with passengers and crew members on its flights, almost one week after a man was dragged from an aircraft in Chicago.In addition to all of this, a spokesperson for the airline says that crew members traveling on a flight must be booked on that aircraft…

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Mavericks’ Dirk Nowitzki confirms he’ll be back for 20th season

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Mavericks’ Dirk Nowitzki confirms he’ll be back for 20th season

While originally selected by the Milwaukee Bucks with the No. 9 overall pick in the first-round of the 1998 NBA Draft, the soon-to-be 39-year-old has spent his entire NBA career in Dallas as it stands today.Dallas Mavericks legend Dirk Nowitzki confirmed his intention to return next season for a 20th year with the club. The…

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Chicago agency finds high chemical level in lake

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Chicago agency finds high chemical level in lake

“We want to see clean results there most likely for multiple days before we can consider the beaches safe to open”, said Bruce Rowe, Indiana Dunes National Lakeshore.The agency closed the national lakeshore’s West Beach and the Portage Lakefront and Riverwalk beach sites Tuesday following the spill at U.S. Steel’s Portage, Indiana, plant.US Steel will…

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Uber used secret program to track Lyft drivers

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Uber used secret program to track Lyft drivers

There also supposedly was a flaw in Lyft’s app that allowed Uber to see drivers’ permanent ID token, and by cross referencing their locations with that of its own contractors, it determined which ones were working for both companies.The program, The Information reports, was nicknamed “Hell” – a riff on another of Uber’s controversial internal…

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