Video PlayerClose LONDON, Nov. 14 (Xinhua) -- British Prime Minister Theresa May will face her toughest test yet in the House of Commons Thursday on the long road to Brexit. Less than 24 hours after she won backing from her top ministers at a Downing Street Cabinet meeting, May is to make a full statement to Members of Parliament (MPs). She is expected to face a grilling from both sides of the Brexit divide, those who back leaving the European Union and politicians wanting Britain to remain tied to the EU. The main opposition Labor leader Jeremy Corbyn said Wednesday night his party would announce during May's statement in parliament whether they will vote against the agreement. MPs representing Northern Ireland will also demand more information on how the deal affects their area. It was the fate of the 500 km land border separating Northern Ireland from Ireland, one of the 27 remaining EU states, that has provided the biggest headache for negotiators in Brussels and London. To add … [Read more...] about Critical 24-hours for UK PM as her Brexit deal faces stormy reception
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'All I knew was that if I did not beg, I won't get food to eat.'Jayavel was rescued from begging and through his hard work and determination has now won a scholarship to complete his engineering in Italy, for which he is looking for funding. Jayavel's story is the stuff of movie scripts. Just that his reality is more hard hitting than fiction, discovers Rediff.com's Divya Nair. Jayavel, the fourth among five children (he has three elder sisters and one younger brother) was not born poor. His father was a farmer and the family lived in Nellore. When the crop failed because of bad weather, the family lost all its earnings and was forced to relocate to a slum near Kilpauk in Chennai. Since the father died early, the mother and children were forced to beg so that they could survive. "When I was young, I was unaware of life, education or what my future will be. All I knew was that if I did not beg, I won't get food to eat. "There were about fifty families in my area who felt the same way. … [Read more...] about He begged once. Now this engineer needs your help!
The group firms reported combined losses of Rs 6,134 crore in FY19 against a net profit of Rs 5,414 crore a year ago.Excluding Vodafone Idea, the group reported a net profit of Rs 8,470 crore, down from a profit of Rs 9,582 crore a year ago. For the first time in at least a decade, Aditya Birla group companies reported losses at the group level in FY19, thanks to Vodafone Idea. The group firms reported combined losses of Rs 6,134 crore in FY19 against a net profit of Rs 5,414 crore a year ago. Excluding Vodafone Idea, the group reported a net profit of Rs 8,470 crore, down from a profit of Rs 9,582 crore a year ago. The trend was similar during the first quarter of FY20, with group companies reporting a combined loss of Rs 3,329 crore during April-June 2019 period against a net profit of Rs 2,004 crore a year ago. Excluding Vodafone Idea, the group companies reported net profit of Rs 1,545 crore during Q1FY20 against a profit of Rs 1,748 crore a year ago.The telco reported a net loss … [Read more...] about As Voda Idea bleeds, Aditya Birla group slips into red for the 1st time in 10 years
Email By Michael Janda Updated October 05, 2019 08:12:41 Photo: Scott Morrison highjacked Star Wars to campaign on the slogan that "the economy is strong with this one". (ABC News: Marco Catalano) Related Story: 'Shovel-ready' projects could do heavy lifting in a flagging economy: analyst Related Story: Balanced budget means the Government is 'working against' the Reserve Bank's efforts to boost the economy Map: Australia Between a rock and a hard place — it's an expression that increasingly applies to Australia's economy and the policymakers in charge of it.Prime Minister Scott Morrison hijacked Star Wars to campaign on the slogan that "the economy is strong with this one". External Link: The Liberal Party's tweet, featuring Scott Morrison as a jedi master. The only problem is that it isn't — annual economic growth of 1.4 per cent is as bad as the low point during the global financial crisis a decade ago.The Reserve Bank's latest interest rate cut is … [Read more...] about Scott Morrison and RBA under pressure as interest rate cuts alone struggle to keep economy afloat
While US indices slid 3%, FTSE, DAX and CAC were down 6%, 5% and 3%, respectively. Nifty and Sensex, slid 1.4% and 0.8% Illustration: Uttam Ghosh/Rediff.com For years now, India equities have marched in lockstep with global equities. If we go back a decade, our benchmark indices slumped in sync with other global indices in the aftermath of the Lehman Brothers collapse. Then again, they rallied with other global indices when a stimulus package was announced in the US in 2009. The fall in the past week, too, was in line with global equities. What's surprising, however, was that the slide was not to the extent expected. "While we are not quite delinked, India will be much less impacted by what happens to US interest rates", said UR Bhat, managing director, Dalton Capital Advisors (India)."Our exports basket is well diversified and unlike some of the other emerging markets such as Taiwan, Thailand, and China we are not as dependent on US borrowings." In the year to date, the US indices … [Read more...] about Despite meltdown, Indian markets fare better compared to peers