Euro Canals News

NEW YORK, June 18 ― A wealthy person has bid a record US$19 million (RM84 million) to eat lunch with Warren Buffett, in…

The country’s foreign exchange reserves declined by $4.599 billion to $596.458 billion in the week ended June 10, RBI data showed on Friday. In the previous week, the reserves had decreased by $306 million to $601.057 billion.

Air India on Friday came out with a “citizen’s charter” — a traveller’s reference guide for everything like reservations, lounge facilities, passenger services, in-flight services feedback mechanism and provisions for denied boarding and flight delays.

A panel of state ministers on GST rate rationalisation on Friday failed to reach a consensus as some members opposed changes to tax slabs and rates, sources said. The Group of Ministers will, however, present a status report to the GST Council on the consensus which was arrived at the previous meeting of the GoM on November 20, 2021, they added.

The government on Friday cracked down on private fuel retailers by bringing all petrol pumps under the USO (universal service obligation) to prevent holders of fuel retail licences from wilfully shutting or starving outlets of stocks to minimise losses on petrol and diesel.

WTO members approved over six papers around dawn Friday as they sought to reinvigorate the moribund organisation at a time of increasing protectionisim and a trend towrds deglobalisation and when the global economy is hit by fresh uncertainty due to war in Ukraine.

Reserve Bank of India (RBI) governor Shaktikanta Das said that pursuing a 4% inflation target during the pandemic would have been disastrous for the economy, and it would have taken India years to come out of the damage. The decision to tolerate inflation up to 6% was a conscious one and done keeping in mind the legal mandate on the RBI to ensure growth, he added.

After nearly two years of negotiations, the TRIPS (Trade-Related Aspects of Intellectual Property Rights) agreement decision announced in Geneva early on Friday morning bears little resemblance to the original proposal — made by India and South Africa and backed by over 100 governments — to suspend intellectual property (IP) on all Covid vaccines, tests and treatments in response to the pandemic.

SpaceX, the rocket ship company run by Tesla CEO Elon Musk, has fired several employees involved in an open letter that blasted the colorful billionaire for his behavior, according to media reports. The letter writers denounced Musk for actions that they said are a “frequent source of distraction and embarrassment for us, particularly in recent weeks.”