Vaqarjaved KhanThe pound had been under severe pressure since 2018 on account of a possible hard Brexit and continuous slack in the domestic economy hampering the growth in the UK. This led to a fall in GBPUSD by nearly 8 percent. In line with its international counterpart, GBPINR appreciated by nearly 2 percent.The same story continued in the first half of 2019 as well. However, since August beginning both GBPUSD and GBPINR have skyrocketed. GBPUSD has gained by nearly 5 percent, while GBPINR has depreciated by 8.75 percent. This rise in the pound is on account of hard Brexit jitters fading away. To the delight of many market anticipants across the globe, the Brexit drama seemed to be drawing to an end when the UK secured a deal with the EU on October 17.Close related news Rupee opens lower at 71.75 per dollar 'FPIs turn bullish on India; Quality mid & smallcaps to ensure better returns hereon' 'As market eyes new high smart money could move to banks, FMCG & IT' A … [Read more...] about ‘Pound party to continue as hard Brexit fear fades away’
5 foot 3 250 pounds
As I walked down a New York City street on a beautiful fall day, people stared. But they weren’t looking at me. They were fixated on the small round robot that followed a few feet behind me, stopping when I stopped, speeding up when I picked up my pace, and carefully rolling down the curb as I started to cross the street. advertisement advertisement My robot companion’s name was Gita—a semi-autonomous robot designed to carry your stuff for you. Its plethora of sensors and cameras lock onto the volume of your body, using your legs as a guide to navigate the streets. Gita could keep up with me as I wandered, though it couldn’t tackle curbs and I was able to lose it relatively easily with a sharp turn or all-out sprint (it can travel up to six miles per hour). Designed to convince suburban families to actually walk in their neighborhood rather than drive everywhere, Gita can hold up to 40 pounds, and its trashcan-like cavity can fit two shopping … [Read more...] about The makers of Vespa built a $3,250 high-tech granny cart
Shishir AsthanaMoneycontrol ResearchEconomic wisdom suggests that a bulk consumer or a bulk buyer is able to get a discount on his purchases, compared to the retail or small consumer. That is the way markets world operate — buy cheaply in bulk and sell dearer in retail. E-commerce firms have taken that concept to a completely different level.Strangely, this basic logic does not work in Indian power sector. Over here, the retail consumer avails electricity at the lowest cost while the bulk consumer pays the most and ‘cross-subsidises’ the smaller consumers.Close In rural India, the bulk consumer who are generally the industry and institutions, pay more so that small consumers are charged less or even nothing, as in the case of agriculture consumers. In cities, it is the small consumer who is asked to pay the least. Tariff is based on consumption where various slabs are set by the electricity boards depending on the units consumed. related news Govt … [Read more...] about Sparing large power consumers of cross subsidy is good, but who will foot the bill?
advertisement advertisement I’m standing in a 15,000-square-foot factory that could only be the work of Starbucks. Hulking industrial equipment stands alongside custom walnut furniture that’s finished so delicately I’m afraid to place my coffee cup on it without a coaster. Sunlight pours through a three-story-tall copper silo, as beans whir in pipes overhead, trickling like the sound of rain into elegant glass vats. It’s monstrous. It’s gorgeous. It’s LEED-certified. In the sort of tasteful spectacle you’d come to expect from a brand monolith like Starbucks, two coffee bars, a shop, a standalone restaurant, a two-story library with 200 books, and a factory all fit under one roof in a caffeinated wonderland sitting at the top of Seattle’s swank Capitol Hill district. This giant new flagship store is the largest Starbucks ever built. It’s also a production plant where the company will roast its “small batch” Reserve … [Read more...] about The World’s Largest Starbucks Is The Willy Wonka Factory Of Coffee
https://www.youtube.com/watch?v=MK1AkKdYIDY advertisement advertisement In less than a decade, a new Egyptian capital may rise out of the desert. Last week, Egypt’s housing minister Mostafa Madbouly announced plans for a yet-unnamed development just east of Cairo, between the current capital and the Red Sea. According to plans, it would cover 270 square miles and be home to 5 million residents. Cairo is a notoriously crowded city, sometimes dangerously so. The population of the greater metropolitan area around the city is approaching 20 million people, according to the U.N., and this isn’t the first time the Egyptian government has attempted to spread that population out a little bit with a bold design to “modernize” and revitalize the ancient region. This latest grand scheme is one of many shiny PR stunts from last week’s Egyptian Economic Development Conference seemingly designed to attract foreign investment. The $44.3 billion capital … [Read more...] about Move Over Cairo: Egypt Wants To Build A New Capital City From Scratch