US President Donald Trump's limited trade deal with China removes a major hurdle for Apple and other technology stocks that have already surged this year to record highs.The so-called Phase One deal announced, but still not signed, on Friday suspends the planned imposition of new 15 percent tariffs on Sunday that would have hit USD 160 billion in Chinese consumer goods just weeks before Christmas, including USD 115 billion worth of iPhones, laptops and other electronics.The deal would also see the United States reduce existing tariffs on other goods. China has agreed to boost imports of US energy, pharmaceutical and agricultural products, although Chinese officials offered no details on the amount of US goods Beijing had agreed to buy.Close If it is signed, Trump's long-awaited deal will be a relief to Apple, among the US companies with the most to lose in the trade war between the world's two largest economies, along with chipmakers who make the components in its devices, which are … [Read more...] about Wall Street Weekahead: Trade deal removes major hurdle for rally in Apple and tech
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Payment technology innovation leader VoPay has partnered with New York-based Hydrogen, a global fintech acceleration platform, to offer their clients powerful end-to-end payment processing solutions, including open banking payments.The partnership empowers fintechs to access VoPay’s digital bank payment tools directly through the Hydrogen API, in addition to Hydrogen’s other financial service integrations.This access will enable fintechs to better serve the 57.5 percent of consumers who admit to being interested in banking with non-financial companies. This comes at a time where research from a new Accenture report predicts financial incumbent banks will lose up to 15 percent of their revenue pool in retail payments to fintechs over the next three years.Close VoPay’s Founder & CEO, Hamed Arbabi, said, “Most financial technology companies don’t have the resources nor the time to quickly connect to payment networks or handle complex workflows. … [Read more...] about VoPay & Hydrogen to offer clients seamless access to open banking payments
The Opposition Congress and the AIUDF have separately requested the Assam Assembly Speaker to call a special session to discuss the concerns expressed by the people of the state on the amended Citizenship Act.Assam has been on the boil for the past several days as thousands of people have come out on the streets to protest against the amended Citizenship Act. Two persons were killed in police firing on Thursday, while an oil tanker driver was charred to death when the vehicle was torched on Saturday."You must be aware of the situation in Assam following the passing of the Citizenship Amendment Bill, 2019 by the Lok Sabha," Leader of Opposition in the Assembly Debabrata Saikia of the Congress wrote to Speaker Hiten Goswami.Close He said people including students and senior citizens took to the streets across Assam to express their pain and grievances over the Bill that threatens the existence of the indigenous people. related news Up to 25% of FASTag lanes to be temporarily … [Read more...] about Citizenship Act: Cong, AIUDF urges Assam Speaker to call spl session
Vibhuti GargThe Indian power sector is under huge stress and struggling with issues across the value chain: thermal generation exposed to a huge non-performing asset (NPA) burden of over Rs 10 trillion ($144 billion) as of FY2018; an inadequate transmission network leading to grid congestion and curtailment; and, increasing indebtedness and the deteriorating financial health of distribution companies (discoms). Support for the under-recovery of discoms selling electricity at below-market prices, usually for residential and agricultural users, was the single-largest source of energy subsidy expenditure in FY2017: Rs 74,925 crore ($11.2 billion).In particular, thermal power plant developers are under huge pressure. Capacity utilisation rates have been below 60 per cent over the past two years, combined with excessive financial leverage that makes debt servicing extremely difficult. Further, late payments by loss-making DISCOMs and renegotiation of tariffs on power purchase agreements … [Read more...] about Climate Crisis | How to untangle the mixed signals on coal in India?
Skipper Virat Kohli led India to a resounding seven-wicket win over South Africa in the second T20 International with an unbeaten 72-run knock as the hosts took a 1-0 lead in the short three-match series at Mohali on September 18.Kohli (72 not out off 52 balls), who made a memorable 82 not out in his last T20 on this ground more than three years ago, helped India chase down the modest target with consummate ease, getting the team home in 19 overs.Check | In Pics: India vs South Africa 2nd T20IClose Opener Shikhar Dhawan (40 off 31) too made a significant contribution and shared a 61-run stand with the skipper, who scored his 22nd T20 fifty. His 52-ball knock comprised four boundaries and three sixes. related news "To hell with them who don't understand" says India coach Shastri about relationship with BCCI president Ganguly India vs West Indies 1st ODI: Batting coach backs Pant to be "massive player" for IND India vs West Indies ODI series: Captain Pollard says Windies have … [Read more...] about India vs South Africa, 2nd T20I: Kohli’s unbeaten 72 helps Men in Blue beat Proteas with ease