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Bank of England to stress test lenders over seven years

The background against which it wants banks to test themselves includes "a sudden increase in the rate of return investors demand for holding sterling assets [which would mean higher interest rates on government bonds] and an associated fall in sterling".

Business

Senators seek visitor logs from White House, Mar-a-Lago

So far, the Trump administration hasn't yet provided visitor logs at the White House , reports NBC. Sunlight Foundation Executive Director John Wonmderlick also released a statement regarding the proposal, saying "the Obama administration's voluntary online disclosure of the White House visitor logs provided the American public with a meaningful window into the influence and operations of the White House, despite its flaws".

Business

Amazon Wants To Use AR & VR to Sell Furniture

They could be a boost to the grocery delivery service, which sources told the Times has struggled to make a profit. It's the first Amazon Books in Chicago and the Midwest, and one of the first things you'll notice is the way the books are displayed inside.

Business

Amber Rudd: WhatsApp gives terrorists secret place to hide

Encrypted messaging services such as WhatsApp have also faced criticism for potentially allowing terrorists to communicate undetected. "It's completely unacceptable" that messages can't be opened, Rudd told the BBC's "Andrew Marr Show" on Sunday, per Bloomberg .

Business

Dow and Dupont merger gets European Union go-ahead

The takeover, announced a year ago, is the first to win approval out of a trio of mega-deals that would reshape the global agrochemicals industry. Dow Chemical and DuPont, two of the oldest U.S. Asset sales would ensure competition in the sector and benefit European farmers and consumers, the Commission said. USA authorities are still examining the proposed merger.

Business

Trump Pushing Forward On Tax Reform After Healthcare Defeat

Both houses of Congress are controlled by Trump's Republican party but the bill was withdrawn on Friday because it could not get the votes required. "If we can come up with a bill that accomplishes the goals of the president with Republicans alone, we'll take it and we'll move forward with it", Priebus said on " Fox News Sunday ".

Business

Democrats Want Trump Visitor Log Published

Access to the President, in any setting, presents a serious array of national security issues . Since his inauguration, Trump has spent several weekends in the property he has described as his winter White House. Meanwhile, initiation fees at Mar-A-Lago have recently doubled to $200,000, and news reports show that members and guests at the club are able to gain frequent access to the president and his advisers.

Business

China-based MTR signs on for South West Trains franchise

The South Western routes run between London and south west regions of the United Kingdom, such as Portsmouth, Exeter and Bournemouth, and the franchise has been operated by Stagecoach since 1996, when the United Kingdom rail network was privatised.

Business

United Kingdom parliament attacker acted alone: Scotland Yard

In an attack lasting just 82 seconds, Masood killed four people and injured more than 50 before being shot dead by police. Three people were killed when attacker Khalid Masood drove his Hyundai 4x4 down the pavement on the bridge, before crashing his auto into Parliament and killing a police officer.

Business

Shiv Sena calls airlines ban on MP Ravindra Gaikwad 'illogical'

Civil Aviation Minister Ashok Gajapathi Raju responded saying, "The rules are the same for all, including an MP". Delhi Police spokesperson Dependra Pathak said the MP had been booked for criminal assault and attempt to culpable homicide. The party has also called for a bandh in Ravindra Gaikwad's constituency Osmanabad. Air India officials say they immediately informed business class passengers to either take a refund or switch to economy class.

Business

The mysterious case of the missing Supreme Court seat | Sheneman cartoon

His parents pulled him out of a public schools in Douglas County, south of Denver, after his behavior deteriorated dramatically and he made what they said was nearly no academic progress. "Heartbreaking", Gorsuch said before a panel of senators. Sen. Richard Durbin, D-Ill., who was the first to suggest to Gorsuch on Wednesday that the Supreme Court had just rebuked him in the Endrew F .

Business

GST bills tabled in Lok Sabha by Finance Minister Arun Jaitley

The tax is expected to boost the rate of economic growth by about 0.5 percentage points, broaden the revenue base and cut compliance cost for firms. On Sunday, Maharashtra finance minister Sudhir Mungantiwar raised this demand in a meeting with Union finance minister Arun Jaitley.

Business

More big brands pull ads from YouTube in widening boycott

About 400 hours of video is now posted on YouTube each minute. "We know that this is unacceptable to the advertisers and agencies who put their trust in us", Philipp Schindler, Google's chief business officer, wrote in a Tuesday blog post.

Business

Supreme Court says Aadhaar Card can not be Compulsory for Government's Welfare Schemes

The court further stated that a seven-judge bench has to be set up for hearing the petitions challenging Aadhaar. The government recently made it mandatory for citizens to produce the 12-digit Aadhaar number for benefits under almost three dozen central schemes including free mid-day meals for schoolchildren.

Business

Delhi AAP MLA joins BJP ahead of civic polls

According to Ved Prakash Satish, the AAP has "failed" to deliver on the promises it had made in the run up to the 2015 assembly elections. Elections to the 272 wards in three municipal corporations are scheduled for April 23. Kejriwal said the shortfall would be met with money saved by eliminating corruption. Prakash announced his decision to join the Bharatiya Janata Party at a press conference here also attended by Delhi BJP chief Manoj Tiwari.

Business

Trump healthcare bill withdrawn from Congress due to lack of votes

US President Donald Trump , with Vice President Mike Pence and Health and Human Services Secretary Tom Price, speaks from the Oval Office of the White House in Washington DC after his healthcare bill was pulled. "If Trump can't line up support for health care, it's going to be hard to see how he will be able to lead on tax reform", said William Gale, senior fellow at the Brookings Institution and co-director of the Tax Policy Center .

Business

United Airlines in Twitter trouble over dress code rules

These are relatives or friends who also receive the benefit of free or heavily discounted air travel. Although some were allowed onto the plane after modifying or changing their outfits, she tweeted that two girls were not allowed on the flight.

Business

Westbrook's 36th Triple-Double Not Enough As Thunder Falls In Houston

D'Angelo Russell led the Lakers with 22 points. Westbrook dropped 39 points, 11 rebounds and 13 assists for his 36th triple-double of the season but Harden's squad got the easy 137-125 blowout victory. When Cousins added 15 points in the fourth, it was just enough to keep it close. Houston had built a 79-59 lead by halftime thanks in part to almost ideal 3-point shooting by Ariza and Williams.

Business

BT fined record £42m for business-line installation errors

The company is treating the fine and compensation payments as a specific-item charge and said its business outlook for the next two years won't be affected. If it cannot do that then it can give notice and say it needs a little longer, and that is acceptable under the rules. The precise amount of these compensation payments will result from discussions with the affected Communications Providers outside of BT, but is now estimated at approximately £300 million.

Business

China's HNA to buy stake in United States asset manager

HNA Group, whose domestic interests range from hotel chains and supermarkets to Hainan Airlines, has turned to worldwide markets for growth. The company controlled by billionaire Chen Feng a year ago bought stakes in hotel operator Hilton Worldwide Holdings Inc and electronics distributor Ingram Micro Inc.

Business

Westinghouse bankruptcy talks enter final stage

By having Westinghouse file Chapter 11 by the end of this month, Toshiba is looking to finalize losses related to the USA nuclear unit as part of its restructuring steps. Representatives for the bank were not immediately available for comment outside regular business hours. Reuters also reported that Georgia Power's parent, Atlanta-based Southern Co., has hired advisers to help it deal with a potential Westinghouse bankruptcy reorganization.

Business

4th Test: How Nathan Lyon's out-of-the-box thinking choked India

Lyon grabbed a haul of 4-21 during the final session, delivering the latest twist in what has been an absorbing four-Test series stacked with swings and roundabouts. I've not doing anything special in the series so far but still the guys have fought it out and that shows why we are the No. 1 team in the world. It was a testing first over by Cummins to Jadeja.

Business

Rockets cruise past Thunder 137-125

Sunday afternoon at Toyota Center will be fun. Steven Adams and the Oklahoma City Thunder have been served a timely National Basketball Association playoff reality check by James Harden's Houston Rockets. In addition to being the team leader in points, rebounds and assists, he is also sixth in the league in minutes per game (36.5). Houston, shooting a sizzling 63 percent from the floor, had four players with 20-plus points as they led by 20 (79-59) at halftime and by 25 (113-88) at the ...

Business

OPEC Countries Show Full Compliance with Output-cut Agreement

A ministry official of Saudi Arabia said , on Thursday, that crude exprts to the United States which will fall by approximately 300,000 barrels a day-this month alone-with total shipments holding at these levels over the next few months. OPEC, formed in 1960, includes Algeria, Angola, Ecuador, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, UAE and Venezuela. The combined compliance rate for Opec and non-Opec producers was 94 per cent of the end of February, Russia's Novak ...

Business

Working Together To Fix Health Care

The lie that we could keep our health care plan, our doctor, our full-time hours, and an extra $2,500 a year was repeated unexamined and unedited by a complicit media that ignored common sense and mountains of evidence. Once it became law, more than 40 lawsuits were filed to challenge the subsequent Department of Health and Human Service's mandate requiring that insurance plans include coverage for artificial birth control, sterilization, and drugs that lead to abortions.

Business

Amazon To Charge Sales Tax In Four New States

Consumers are supposed to declare their Use Tax and remit payment to the State, but in reality hardly anyone bothers. It was not always that way. A 1992 Supreme Court ruling decreed that online vendors can sell goods without collecting sales tax , as long as they don't have a physical location in a given state.

Business

Cuomo says 'I didn't follow' dismissal of Bharara as U.S. attorney

Bharara referenced his investigation regarding the dismissal of the commission that probed corruption in NY state government, that was formed by Gov. Cuomo in 2013 and later shut down by him in 2014 after an ethics reform package passed in Albany.

Business

Oil Prices Face Upward Pressure as US Drilling Falters

Brent remains well below this year's high above US$58, reached shortly after January 1 when the deal between the Organization of the Petroleum Exporting Countries and non-OPEC states to curb supplies by 1.8 million barrels per day (bpd) came into effect.

Business

Elton John excited about secret 70th birthday bash

Plenty of famous friends attended, including Lady Gaga and Stevie Wonder , who joined forces to deliver the ultimate birthday serenade. Prince Harry made a memorable cameo at the event, appearing in video-form to wish the singer a happy day.

Business

Senate votes to undo internet privacy regulations

The vote in the Senate on Thursday was ran largely along party lines and passed with a divide of 50-48. He and other Republicans want a different federal agency, the Federal Trade Commission, to police privacy for both broadband companies like AT&T and internet companies like Google.

Business

US Sen. Blumenthal reacts after Republicans pull health care b

In a statement this week, he criticized the bill for leaving millions without health insurance, cutting care for the most vulnerable and failing to provide relief to many southern Minnesotans, including farmers and small business owners. He's hit the campaign trail with full-fledged campaign rallies to try to generate support for the bill, but at his appearance this week in Louisville, Ky., Trump barely even touched on the subject.

Business

Donald Trump attacks Freedom Caucus over failed health bill

Republicans' blame game for their failure to pass a health-care bill is in full swing. Every time Paul Ryan, Republican leader in the House of Representatives, relaxed a regulation to placate the hardline Freedom Caucus and win a vote in the House, he risked losing a vote in the Senate, where members tend to be more mainstream.

Business

Two girls barred from United flight for wearing leggings

After a large amount of backlash from Twitter users, United Airlines responded to angry inquiries online, citing a dress code that appears in their " Contract of Carriage " that allows them to "refuse passengers who are not properly clothed".

Business

Republicans Making Late Push To Repeal Obamacare

That's especially clear when it comes to maternity care, which has been a frequent target of Republican ire . While Obamacare has been politically polarizing from the beginning, the broader public opposition to the law is not driven mainly by partisan animus.

Business

Congressman Chris Collins Statement on the American Health Care Act

Trump may now be forced to acknowledge that not all of America accepts his sometimes worrisome views on health care and immigration, two of the critical pivots to his electoral success. "There is really nothing good about the Republican plan". As that vote neared Friday, MacArthur was the only one of New Jersey's 12 congressional representatives set to support the bill, a Republican standing in sharp contrast to his GOP colleagues from the state, including one who chairs a powerful House ...


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