Day: January 16, 2019

Facebook to invest $300 million in local news initiatives

New York : Facebook says it is investing 300 million over the next three years in local news programs, partnerships and other initiatives. The money will go toward reporting grants for local newsrooms, expanding Facebook’s program to help local newsrooms with subscription business models and investing in nonprofits aimed […]

Huawei founder denies spying for China in rare interview

Beijing :  Huawei’s reclusive founder Ren Zhengfei stepped out of the shadows Tuesday to give a rare media interview, forcefully denying accusations that his firm engaged in espionage on behalf of the Chinese government. The company he founded more than 20 years ago has been under fire in recent […]

Exports up 0.34 pc in Dec 2018; trade deficit narrows

New Delhi : The country’s exports grew marginally by 0.34 per cent to USD 27.93 billion in December 2018 on account of negative growth in sectors such as engineering and gems & jewellery, according to a commerce ministry data. Imports, however, dipped by 2.44 per cent to USD 41 […]

Rupee slips further, settles below 71-level against USD

Mumbai :  The Indian rupee Tuesday plunged by another 13 paise to close at one-month low of 71.05 against the US dollar amid strengthening greenback and surging crude oil prices. At the Interbank Foreign Exchange, the rupee opened weaker at Rs 70.79 then lost further ground and fell to […]

British PM faces defeat in historic Brexit deal vote

London :  British Prime Minister Theresa May faces crushing defeat in a historic vote in parliament on Tuesday over the Brexit deal she has struck with the European Union, leaving the world’s fifth biggest economy in limbo. With just over two months to go until the scheduled Brexit date […]

Facebook to invest $300 million in local news initiatives

New York :  Facebook says it is investing 300 million over the next three years in local news programs, partnerships and other initiatives. The money will go toward reporting grants for local newsrooms, expanding Facebook’s program to help local newsrooms with subscription business models and investing in nonprofits aimed […]

Cache of weapons seized in raid at shop, owner held

Thane :  Police have seized a cache of around 170 weapons, including swords, knives and kukris, during a raid at a fashion products shop in Dombivli in the district, an official said Wednesday. The raid was conducted on Monday night following a tip-off, the official said, adding that the […]

Cabinet approves capital infusion in Exim Bank: Sources

New Delhi :  The Union Cabinet Wednesday approved fund infusion in Export-Import Bank of India (Exim Bank), sources said. The infusion would help the bank expand its business, they added. The government had provided for Rs 500 crore towards capital infusion in the Exim Bank in the budget for […]

Unabated cold wave in Pb, Haryana

Chandigarh : Most parts of Punjab and Haryana reeled under cold weather conditions with Karnal being the coldest place in the region at 2.4 degrees Celsius. Union Territory Chandigarh, the joint capital of both the states, witnessed its minimum at 5.6 degrees Celsius, an official of the MeT department […]

SC to hear next week plea challenging appointment of Nageswara Rao as interim CBI chief

New Delhi : The Supreme Court Wednesday agreed to hear next week a plea by an NGO challenging the January 10 order of the government appointing IPS officer M Nageswara Rao as interim director of the CBI. The matter was mentioned for urgent listing before a bench headed by […]

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