Philadelphia-area manufacturing activity contracted at a slower rate in the month of October, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity climbed to a negative 9.0 in October from a negative 13.5 in September, although a negative reading still indicates contraction. Economists had […]

Commerce secretary Sunil Barthwal is set to attend a two-day meeting from October 23 at the World Trade Organization (WTO) headquarters in Geneva, that would focus on finding solutions and giving the ‘necessary political push’ for at least some crucial global trade issues. Next week’s meeting comes ahead of the WTO’s 13th ministerial conference (MC13), scheduled in Abu Dhabi in […]

Posco Daewoo, the South Korean conglomerate whose Cielo sedan and Matiz hatchback were once the pride of Indian car owners, is looking to re-enter India. And its return journey is riding on plans to sell electric bikes and e-cycles. The company termed India’s robust economic growth and surging consumer demand as reasons behind its comeback plans, saying they make India […]

The U.S. Food and Drug Administration has formed a new Digital Health Advisory Committee to help it explore the complex, scientific and technical issues related to digital health technologies or DHTs. The new Digital Health Advisory Committee, which will be fully operational in 2024, will advise the health regulator on issues related to artificial intelligence/machine learning or AI/ML, augmented reality, […]

Indian shares look set to open higher on Thursday as TCS’ Q2 profit beat estimates, oil extended losses after Saudi’s pledge to stabilize markets, and the FOMC’s September meeting minutes showed the Fed is poised to “proceed carefully” on interest rate decision going forward. That said, the upside may remain limited, and volatility is not ruled out ahead of domestic […]

The hope that the ongoing 13th round of negotiations towards an India-UK free trade agreement (FTA) could conclude with a deal for British Prime Minister Rishi Sunak to sign off in time for the India versus England World Cup cricket clash in Lucknow on October 29 seem to be fading, according to a UK media report on Wednesday. The Financial […]

They could have papered the walls of a palace with all share certificates they had accumulated over the years and a couple had long wanted to cash in their assets.  But fear of a monumental task and navigating daunting digital processes led to anguished procrastination for Keith and Greta James. ++ If you’ve been affected by this issue or feel […]

Specialty consumer electronics retailer Best Buy Co., Inc. (BBY) announced Tuesday its latest offerings ahead of the upcoming holiday season. Black Friday Early Access for Members will start on October 27 and Early Black Friday Deals for Everyone will start on October 30. Black Friday Sale officially begins on Friday, November 17, with incredible deals on thousands of gifts and […]

Apple Inc., which has been using Alphabet Inc.’s Google as the default search engine for its devices, had talks to use the search engine DuckDuckGo for the private mode on Apple’s Safari browser, Bloomberg reported citing some court documents. However, the tech major ultimately rejected the idea, the report said. The details of those talks now emerged amid an ongoing […]

Indian pharmaceutical firms foresee minimal disruptions in trade with Israel despite escalating regional tensions. Rising crude prices and export shipping insurance premiums have raised concerns, but the pharmaceutical sector remains optimistic. Pharmaceutical exports from India to Israel in FY 2020-21 amounted to $32.5 million, which represents only a minor segment of India’s overall pharma exports. “India’s expansive export market covers […]