Oil price increase takes stock prices higher

Oil prices jumped on Tuesday after the shutdown of a North Sea pipeline knocked out significant supply from an already tightening market, while world stocks took a break from a three-day rally. Brent crude futures, the international benchmark for oil prices, rose above $65 a barrel – their highest...
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Britain and EU finalised Brexit terms

Britain and the European Union finally struck a satisfactory exit deal that will pave the way for talks on trade, easing pressure on Prime Minister Theresa May and boosting hopes of an orderly Brexit. The European Commission said “sufficient progress” had been made after London, Dublin and Belfast worked...
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4G smartphones at 3K with Android Go coming soon

In the era of digitisation, we have seen smartphone rates dipping below Rs 10,000. These rates could further go down to as low as Rs 2,500 with domestic companies like Micromax and Lava planning to market their devices on Google’s upcoming Android Go platform. As reported earlier, Google has...
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Data protection from AI should be done by govts: Survey

Despite massive corporate investments in artificial intelligence (AI), nearly three-quarters of consumers are concerned about AI infringing on their privacy, according to a new study from Genpact, a global professional services firm focused on delivering digital transformation. The survey of more than 5,000 people across the United States, United...
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RBI issues ‘Be Cautious’ notice on Bitcoin usage

Over the weekend, it was China’s central bank. Now the Reserve Bank of India (RBI) is warning investors against betting on bitcoin and other crypto-currencies. “So there’s only one thing we can do—watch it from the bank of a river,” Pan Gongsheng, deputy governor of the People’s Bank of...
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New Android software for India by Google

In an attempt to woo millions of basic phone users in the fast-growing wireless services market, Google has unveiled a stripped-down version of its Android software for India. The Android Oreo Go operating system can work on entry-level smartphones with memory of as low as 512 megabytes. In a...
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Saudi will open nuclear plants with US investment

In a move to bring in more investments and stabilise the economy, Saudi Arabia has invited U.S. firms to take part in developing its civilian nuclear power programme. In a recent press release, Energy Minister Khalid al-Falih said that the kingdom was not interested in diverting its nuclear technology...
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Reliance blamed for taking over the telecom industry

Not one to withstand harmless allegations billionaire Mukesh Ambani hit back at Bharti Airtel’s Sunil Mittal for blaming his telecom venture Jio for the industry’s losses, saying businesses must stop looking at regulators and governments to guarantee their profits. Calling Mittal a “friend”, he said profits and losses are...
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Nissan seeks over $770 million in dues from India

Japanese automaker Nissan Motor has begun international arbitration against India to seek more than $770 million in a dispute over unpaid state incentives, according to reports. In a legal notice sent to Prime Minister Narendra Modi last year, Nissan sought payment of incentives due from the Tamil Nadu government...
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