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China invites all at Silk Road forum, India decides to keep away

He also said the two countries should enhance strategic coordination, jointly promote sustainable and stable growth in the world economy, work toward peaceful solutions for worldwide and regional hot-spot issues, and improve global governance systems to inject "positive energy" into world peace and stability. Read More »

Layoffs in Indian IT may continue for 1-2 years

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For others, the hike will be in the subsequent quarters, the letter said. Seven of the biggest IT firms in the country are in the process of laying off more than 56,000 engineers. Off late, there have been numerous reports on Indian IT and outsourcing firms firing employees. The post said with the deferment of the salary hike, employees will lose three months of increments. Read More »

Japan Aso says gradually seeing the course of USA policies

A senior finance ministry official added that uncertainties remain over USA policies including monetary policy but the biggest source of uncertainty lies in tax reform. "We don't want to be protectionist but we reserve our right to be protectionist to the extent that we believe trade is not free and fair". The threat of a trade war is only one of several risks to the global economy, however. Read More »

U.S. laptop ban could be extended to flights from UK

More than 350 flights a day travel from Europe to the U.S. But, it's not just the airlines that would be hit. Cellphones would still be allowed in cabins but virtually every other electronic device would not be permitted and would need to be stowed in checked bags. Read More »

Guy W. Farmer: I feel sorry for Sean Spicer

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Karl obviously smelled blood in the water when deputy press secretary Sarah Huckabee Sanders had to answer for President Trump completely contradicting the White House's cover story regarding the dismissal of FBI Director James Comey . Read More »

American Farmers Thrilled To Send Their Meat To China

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Imports of Chinese-manufactured goods are nevertheless blamed for the colossal U.S. trade gap in goods with China , which stood at $347 billion in 2016. In Beijing, Vice Finance Minister Zhu Guangyao told reporters that the early results of the agreement showed that economic collaboration between the two sides "couldn't be closer". Read More »

Cyber attack subsides after striking dozens of countries

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The attacks used ransomware that apparently exploited a security flaw in Microsoft operating systems, locking users' files unless they pay the attackers a designated sum in the virtual currency Bitcoin. Germany's Deutsche Bahn computers were also impacted, with the rail operator reporting that station display panels were affected. In a statement , computer security group Kaspersky Labs said it was "trying to determine whether it is possible to decrypt data locked in the attack - with the ... Read More »

Inauguration Day: Macron to Become France's New President

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At the end of the ceremony, a 21-gun salute will ring out from the Invalides military hospital on the other side of the River Seine. Just a week since he beat his far-right rival Marine Le Pen in the presidential vote, Macron has inherited an extraordinary to-do list and some demanding deadlines. Read More »

Sterling falls to one-week low after Bank of England release

The report, released alongside the rates decision, also offered some cheer for the growth outlook as forecasts were raised to 1.7% for 2018 and 1.8% in 2019 from February's prediction for 1.6% and 1.7% respectively. Since the Brexit vote, economists have warned about a potentially rapid slowdown in consumer spending, as Brexit-driven inflation starts to impact the ability of British households to spend money on non-essential items like clothing and eating out. Read More »

Bank warns households face Brexit squeeze as inflation rises

The Bank of England made no changes to monetary policy at the outcome of its meeting on Thursday and predicted that inflation will be higher than expected three months ago. The Bank of England is expected to forecast steady economic growth for the year ahead, with GDP improving from a slow-moving start to the year. It said growth had fallen "markedly" in the first quarter and added a "slowdown appeared to be in train". Read More »

These Are the Candidates President Trump Is Considering to Replace James Comey

However, on Friday, the New York Time newspaper cited two aides of Comey's who said that Trump had asked the Federal Bureau of Investigation chief to make a pledge of loyalty in January. "The president has nothing further to add on that", Spicer repeatedly said, rejecting the notion it was any kind of warning. They can make recommendations, but the president will ultimately make the hiring decision. Read More »

Global Cyber Attack Hits Hospitals, Companies

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While US companies like FedEx said they had been hit, experts said computer users in the United States had been less affected than others after a British cybersecurity researcher inadvertently stopped the ransomware attack from spreading more widely. Read More »

AAP finally showing its true colors to Delhi: Centre

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Mishra also showed a slide which said that the party, after receiving a notice from the Income Tax Department, had revealed it received funds to the tune of Rs. Mishra was first removed as a Delhi minister and later suspended from the AAP after he levelled corruption allegations against Chief Minister Kejriwal. Read More »

India looking to boycott China's One Belt One Road summit

According to some estimates, Maldives now owes nearly 70 per cent of its external debt to China. Recently, Chinese Ambassador to India Luo Zhaohui had offered to rename the CPEC to allay Indian concerns about the project but withdrew his remarks soon after Indian foreign ministry spokesman Gopal Baglay said India had not received any proposal from China on renaming the CPEC. Read More »

India skips China's Silk Road summit, warns of 'unsustainable' debt

Private companies accounted for 70 percent of this number, while state-owned enterprises were the major forces behind infrastructure construction projects in countries and regions along the routes. "There [are] more than a thousand delegates that are here", he said. It's reported that a part of the project passes through the Pakistan Occupied Kashmir (PoK). Read More »

All countries should respect each other's sovereignty: Xi

Xi pledged to pump an extra $124 billion in funds into the initiative, calling it "a project of the century" in a "world fraught with challenges". Pakistan Prime Minister Nawaz Sharif, his Sri Lankan counterpart Ranil Wickramasinge, Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan were among world leaders who attended the high-profile meeting. Read More »

No signs radiation released after tunnel collapse at Hanford nuclear site

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Washington Gov. Jay Inslee said the state plans to issue an order making sure the federal government determines the cause of the tunnel collapse. Till now there are no indications of any nuclear waste's radiation leakage in the surrounding regions, but it is mandatory for the authorities to take extreme precautions at the incident, says the plant's officials. Read More »

Armed with New Spectrum, T-Mobile Dials into 5G Network

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He also called out AT&T for its 5G Evolution that was launched in eight cities last week. T-Mobile is turning 5G expectations upside-down today by announcing an upcoming 5G network on its new, low-frequency 600MHz spectrum-a band nobody thought would be used for 5G any time soon. Read More »

Ransomware cyberattack: United Kingdom works to restore NHS systems after 'unprecedented' hacking

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Europol said a special task force at its European Cybercrime Centre was "specially created to assist in such investigations and will play an important role in supporting the investigation". The interior ministry said about 1,000 computers had been infected but it had localized the virus. Germany's rail operator Deutsche Bahn said its station display panels were affected. Read More »

China opposes latest N. Korean missile test

South Korea's Joint Chiefs of Staff confirmed the early morning launch but had few other details, including what type of ballistic missile was sacked. There is also a new president in Seoul keen on dialogue. North Korea launched ballistic missiles, thought to be intermediate-range types, from a site near its eastern coast on April 5 and 16, but both launches ended in failure. Read More »

Delphi to spin off powertrain unit into separate company

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They noted that the move was a valuation call. Delphi expects the spinoff to be completed by March of 2018. Finally, FMR LLC boosted its stake in shares of Delphi Automotive PLC by 2.4% in the fourth quarter. The ex-dividend date of this dividend is Monday, May 8th. Delphi Automotive PLC's dividend payout ratio is presently 25.38%. WARNING: This article was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. Read More »

Pope gives the Catholic church its two youngest Saints

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Hundreds of thousands of people, many of whom slept outdoors to hold their places, broke into applause as the leader of the world's 1.2 billion Catholics proclaimed the siblings - Francisco and Jacinta Marto - the newest of the Church's saints. Read More »