Markets
Google appeals against record €2.4bn European Union antitrust fine
The EU Court of Justice (ECJ) told a lower tribunal last Wednesday to re-examine U.S. chip-maker Intel's appeal against a 1.06bn Euro fine, dealing a rare setback to the European Commission. The EC has ordered Google to stop its anti-competitive behaviour by 28 September, or risk penalty payments of as much as 5 percent of Alphabet's average daily worldwide turnover. [Full Article...]
Why gas price will fall 'like a feather' over the next month
For now, however, gas prices in Chattanooga are 60.5 cents per gallon higher than the same day one year ago and have moved within 9 cents of the national average price for gas, after being more than 30 cents per gallon below the USA average through much of the summer. [Full Article...]
Associated British Foods Announces Improved Full Year Outlook
It has underperformed by 16.70% the S&P500. "Sterling weakness against the United States dollar has had an adverse transactional effect on Primark's largely dollar denominated purchases this year, whilst the euro's strength in the second half has had a beneficial effect on British Sugar's margin", said AB Foods. [Full Article...]
India's top court moves to protect Jaypee Infratech home buyers
Following this, A bench of Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud has asked the company associates to submit a plan on how they will protect homebuyers' interest. Jaypee Infratech homebuyers raise slogans and hold placards during a protest in Noida on Saturday. However, after the home buyers' filed a plea, the apex court had stayed the insolvency proceedings... [Full Article...]
Airline Flight Price Gouging Criticisms Run Rampant as Hurricane Irma Looms
Another flyer who only gave her name as Kimberly, said the weather made her miss a connecting flight and American Airlines told her getting on another would be almost twice the cost of her entire trip to Dubai. The airport was left in ruins and is a major destination for United States and European carriers. The first area to see the increased wind speeds will be the Keys and the coastal ... [Full Article...]
European Union members seek more tax revenue from tech giants
European Union finance ministers are set to discuss changing rules so that tech giants such as Google or Facebook are on the hook to pay more taxes in Europe , according to an European Union document seen by AFP on Friday. Various reports have surfaced online in the past few years about tech companies being investigated for tax avoidance in various European nations for taking advantage of t... [Full Article...]
GST on Luxury Cars, SUVs revised to 50% (28% GST + 22% Cess)
The GST Council voted for a multiple tax structure allaying fears of a flat 10 per cent hike in GST cess which was approved by the Cabinet. Also, cess on large cars has been hiked by 5 per cent taking total GST rate to 48 per cent while that on SUVs by 7 per cent to 50 per cent. [Full Article...]
Putin condemns North Korea test, says Trump 'not my bride'
Dozens have been injured in clashes between protesters and police in a South Korea farming village where the US military will begin installing additional launchers to a contentious USA missile defense system. He also said it was "ridiculous" that the United States first slapped Russian Federation with sanctions carried in the same bill that penalised North Korea , and "then asked us to help i... [Full Article...]