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Business & Economy

Trump will not impose tariffs on EU cars: Juncker

Munich (Germany), Nov 8 (AFP/PTI) The outgoing president of the European Commission Jean-Claude Juncker said Friday he believes the US will not impose new tariffs on imported European cars in the coming days.

President Donald Trump's administration has been threatening since last year to impose tariffs on auto imports to defend the US automaking sector, a symbol of American manufacturing.

Delhi govt demands more onions from Centre

New Delhi, Nov 7 (PTI) The Delhi government has demanded more onions from the Centre for distribution in the city, Chief Minister Arvind Kejriwal said on Thursday after a sudden rise in the vegetable's price.

The retail price of onions has risen by 45 per cent in the past week to Rs 80 per kg in the national capital. The rate stood at Rs 55 per kg on October 1, according to official data.

India: Man wants loan against gold (his cow) after BJP’s Dilip Ghosh's 'gold in milk' theory

Dankuni; 08 Nov 2019 (UMM): A man has approached Manappuram Finance Limited’s branch in West Bengal seeking loan against gold, his cow, after West Bengal BJP Chief Dilip Ghosh claimed that milk produced by Indian cows contains gold in it.

Lavrov: US pressure undermined EU efforts to resolve crisis with Iran

7 Nov 2019; MEMO: Russian Foreign Minister Sergei Lavrov said yesterday that US pressure has undermined European efforts to resolve the crisis with Iran.

Speaking to reporters in Moscow, the Russian foreign minister urged Iran to fulfil its commitments under the agreement, but said that Tehran’s decision to scale back its obligation is “logical”.

‘Agreement reached’ on Ethiopia massive dam

WASHINGTON, Nov 7 (NNN-AGENCIES) — Egypt, Ethiopia and Sudan have reached “an agreement” to work together to resolve the controversial filling and operation of the Grand Ethiopian Renaissance Dam along the River Nile, the three countries said in a joint statement

The US hosted the foreign ministers of the three nations to try and resolve the long running diplomatic row on the construction of the massive dam project being built in northern Ethiopia.

China, France reaffirm support of Paris climate agreement, call it ‘irreversible’

BEIJING, Nov 7 (NNN-AGENCIES) — French President Emmanuel Macron and Chinese President Xi Jinping on Wednesday issued a joint statement reaffirming their strong support for the “irreversible” Paris Agreement on climate change, from which the U.S. announced its exit this week.

The two countries “reaffirm their strong support for the Paris Agreement, which they consider an irreversible process and a compass for strong action on the climate,” the statement said.

Japan’s Typhoon-Damaged Bullet Trains To Be Scrapped

TOKYO, Nov 7 (NNN-NHK) – All 10 Shinkansen bullet trains that were inundated at a train yard in the city of Nagano last month, by deadly Typhoon Hagibis, will be scrapped, operators said Wednesday, which means that a third of the trains, that run on the Hokuriku- Shinkansen line, will be unusable.

President of East Japan Railway, Yuji Fukasawa, said, the motors and braking systems under the floors were swamped by the typhoon and the damage was difficult to repair.

PLO Slams Israeli Cable Car Project In East Jerusalem

RAMALLAH, Palestine, Nov 7 (NNN-WAFA) – Member of Palestine Liberation Organisation executive committee, Hanan Ashrawi, slammed Israeli plan to build a cable car in East Jerusalem.

“The Israeli cable car project is an obscene violation of cultural, historical, spiritual, geographic demographic character of Jerusalem. It is also an illegal assault on the occupied Palestinian city & its people, who have been living there for centuries,” she said.

India: Assam minister moots strong partnership with Malaysia

Guwahati, Nov 7 (PTI) Mooting a strong partnership with Malaysia, Assam Minister Chandra Mohan Patowary has urged a business delegation of the Southeast Asian country to invest in sectors such as tea, hydrocarbons and infrastructure.

Highlighting the strengths and opportunities of the state, he also asked the delegation to invest in transportation, food processing, bamboo, agar and skill development.

German cabin crew kick off 'massive' Lufthansa strike

Frankfurt, Nov 7 (AFP) Tens of thousands of Lufthansa passengers faced disruptions Thursday as cabin crew in Germany kicked off a "massive" 48-hour walkout in the biggest escalation yet of a bitter row over pay and conditions.

The strike called by Germany's UFO flight attendants' union was scheduled to start at 2300 GMT on Wednesday and last until 2300 GMT on Friday.

Lufthansa said it was forced to scrap 700 flights on Thursday and some 600 the following day, warning that "around 180,000 passengers will be affected".

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