Wall Street rounded out the last trading day of September on a positive note, with both the Nasdaq and the S&P 500 index hitting fresh highs. By the close the S&P 500 had risen 9.3 points to 2,519.36 while the Nasdaq index climbed 42.51 points to 6,495.96. The Dow Jones industrial average closed up 23.89 points, or 0.1%, at 22,405.09 US […]
India’s Slow Economic Growth
India’s economic growth is at its slowest pace for three years in the April-to-June quarter and growth has declined for six quarters in a row. Economic analyst Vivek Kaul explains why one of the world’s fastest growing economies is sputtering to a halt. On Monday, Prime Minister Narendra Modi revived India’s economic council, a body […]
Ikea buys odd jobs firm TaskRabbit
Tired of having to build your Ikea Billy bookshelves yourself? The Swedish furniture giant’s latest purchase of TaskRabbit means it will be easier to get someone else to do it for you, as long as you are willing to pay. The firm is buying US start-up firm TaskRabbit, which allows users to hire people to […]
Anger as German ex-chancellor Schroeder heads up Rosneft board
Former German Chancellor Gerhard Schroeder is facing a backlash after being elected chairman of the Russian state-controlled oil giant Rosneft. The appointment deepens his controversial links with Moscow. He has long been friends with Russian President Vladimir Putin. The West imposed sanctions on Rosneft after Russia annexed Crimea in 2014. The chair of the German […]