NEW DELHI: Gold prices on Friday touched a record high of Rs 36,327per ten grams in the domestic markets as speculators widened their bets, tracking a firm trend overseas. On the Multi Commodity Exchange, gold for delivery in August contracts traded higher by Rs 216, or 0.62 per cent, to Rs 35,132 per 10 gram in a business turnover of 3,459 lots. The yellow metal contracts for October delivery also traded higher by Rs 232, or 0.65 per cent, to Rs 35,865 per 10 gram in a business turnover of 21,530 lots. In global markets, gold prices had surged nearly 2.5% on Thursday after US President Donald Trump said he would impose additional tariffs on Chinese imports. Live TV The US President had said that he would impose an additional 10% tariff on $300 billion worth of Chinese imports starting September 1, renewing trade tensions between the two countries, sending bond yields lower and also increasing the appeal of safe-haven assets like gold. The metal jumped more than 2% on Thursday after … [Read more...] about Gold touches record high of Rs 36,327 after Trump’s tariff threat sparks rally
Trump 5 billion
SAN FRANCISCO: Amazon is protesting the Pentagon’s decision to award a $10-billion cloud-computing contract to Microsoft, citing “unmistakable bias” in the process. Amazon’s competitive bid for the “war cloud” project drew criticism from President Donald Trump and its business rivals. The project, formally called the Joint Enterprise Defense Infrastructure, or JEDI, pitted leading tech titans Microsoft, Amazon, Oracle and IBM against one another In a statement on Thursday, Amazon said that “numerous aspects” of the bidding process involved “clear deficiencies, errors, and unmistakable bias”. It added that “it’s important that these matters be examined and rectified.” Meanwhile, US defence secretary Mark Esper said on Friday the Pentagon awarded the contract to Microsoft after a fair competition. “I am confident it was conducted freely and fairly without any type of outside influence,” Esper told … [Read more...] about Amazon appeals $10-billion Pentagon contract won by Microsoft
Email By chief economics correspondent Emma Alberici Updated January 24, 2018 17:41:34 Photo: The Government is not interested in pursuing a tax on soft drink, despite scientific evidence and popular support. (ABC) Related Story: Calls for a sugar tax are back. So, is it going to happen? Related Story: Taxing junk food, discounting vegies could extend lives, reduce health costs Related Story: Australian soft drinks linked to higher risk of diabetes Map: Australia Australia markets itself as a liberal democracy committed to the principles of equality and fairness.But in practice, those with clout or money or both can influence public policy in a way other members of the public cannot.Take the tax being proposed for sugary drinks. Despite the mountains of evidence pointing to the public health benefits of adopting this fiscal approach, powerful vested interests have muddied the waters and convinced politicians to go against the prevailing evidence. A tax shouldn't be … [Read more...] about Sugar tax and the power of big business: How influence trumps evidence in politics
Concerned by data privacy, WhatsApp co-founder Brian Acton is asking users to delete Facebook. Will you do it?Representational photograph: @sunnyleone/Instagram. Amid rising speculations of social media giant Facebook's involvement in the alleged misuse of users' private data, WhatsApp co-founder Brian Acton on March 21, took to Twitter asking everyone to delete Facebook. Acton's product was bought by Facebook in 2014 for a whopping USD 16 billion.The co-founder took to the microblogging platform and said "It is time. #deletefacebook" after concerns were flagged on data privacy in the wake of revelations about Cambridge Analytica's alleged misuse of user data. The rise of false news and the disclosure recently that scores of Facebook user profiles had been harvested by Cambridge Analytica, a voter-profiling company that worked on United States President Donald Trump's 2016 election campaign, are key issues which have emerged. This has resulted in a significant plunge in the company's … [Read more...] about Vote: Will you delete your Facebook account?
New York: Pakistan Prime Minister Imran Khan acknowledged that his country's army and spy agency Inter Services Intelligence (ISI) trained Al Qaeda and other militant groups to fight in Afghanistan, and therefore there were always links with them because they had trained them. Speaking at an event at the Council on Foreign Relations (CFR) think tank in New York on Monday, Imran Khan, asked whether there was a Pakistani probe to find out how Osama bin Laden was living in Abbottabad, said: "The Pakistani army ISI trained Al Qaeda and all these groups to fight in Afghanistan, there were always links, there had to be links because they trained them. "When we did a 180 degree turn and went after those groups, not everyone agreed with us, within the army people did not agree with us, so there were insider attacks in Pakistan." He cited former US President Barack Obama as saying that the Pakistan army had no idea that bin Laden was living in Abbottabad. "So as far as I know the … [Read more...] about Pakistan Army, ISI Trained Al Qaeda To Fight In Afghanistan: Imran