Business

Mumbai, Jul 13 (PTI) Infosys co-founder Narayana Murthy said Saturday that looking at "what is happening in different parts of the country today", the youth need to state bluntly that this was not the country for which our forefathers got freedom.

Talking about his spat with Vishal Sikka, Infosys' first non-promoter chief executive who quit in 2017, he said he had to speak up when he saw core values of the IT giant being thrown into the "dustbin".

14 July 2019; AFP: Facebook's planned virtual unit Libra, already under heavy attack from US President Donald Trump and global regulators, faces scepticism among the wider cryptocurrency community as well.

One theme -- besides Brexit -- dominated discussion among the movers and shakers from London's financial technology or FinTech industry as gathered for their annual get-together: the future of virtual currencies.

14 July 2019; DW: A Canadian citizen has been detained in China, Canada's government has said. It comes amid a period of tense diplomatic relations between the two countries after the arrest last year of a Hauwei executive in Vancouver.

Global Affairs Canada confirmed on Saturday that a Canadian citizen had been detained in the port city of Yantai, without providing details about the identity of the individual detained or the reason for the detention.

LONDON, July 13 (Xinhua) -- UK Foreign Secretary Jeremy Hunt said on Saturday that his country would facilitate the release of the Iranian oil tanker if given guarantees that the tanker "would not be going to Syria".

Hunt made the remarks on Twitter, saying he "just spoke to Iranian Foreign Minister (Mohammad Javad) Zarif. Constructive call. I reassured him our concern was destination not origin of the oil on Grace one & that UK would facilitate release if we received guarantees that it would not be going to Syria, following due process in Gib courts."

WASHINGTON (AP) — President Donald Trump says he will not impose quotas on importing uranium, backing away from a possible trade confrontation and breaking with a Commerce Department assessment that America’s use of foreign uranium raises national security concerns.

The decision is unusual for Trump, who has pointed to national security concerns in calling for restrictions on foreign metal and autos in trade negotiations. It’s also drawing rare criticism from Republicans in energy-rich states.

United States (AP) — Facebook may be close to putting a Federal Trade Commission investigation behind it. But it faces a variety of other probes in Europe and the U.S., some of which could present it with even bigger headaches.

Islamabad, Jul 12; GANASHAKTI:  Pakistan has told India that it will not open its airspace for commercial flights until New Delhi removes its fighter jets from forward IAF airbases, Pakistan's Aviation Secretary Shah­rukh Nusrat has informed a parliamentary committee.

Pakistan fully closed its airspace on February 26 after the Indian Air Force (IAF) fighter jets struck a Jaish-e-Mohammed (JeM) terrorist training camp in Balakot following the Pulwama terror attack in Kashmir.

13 July 2019; GANASHAKTI: China said on Friday it would impose sanctions on US firms involved in a deal to sell $2.2-billion worth of tanks, missiles and related equipment to Taiwan, saying it harmed China’s sovereignty and national security.

On Monday, the Pentagon said the US State Department had approved the sale of the weapons requested by Taiwan, including 108 General Dynamics Corp M1A2T Abrams tanks and 250 Stinger missiles, which are manufactured by Raytheon.

New Delhi, Jul 12 (PTI) Retail inflation increased marginally to 3.18 per cent in June over the previous month, mainly due to rise in food prices, according to official data.

The retail inflation based on the Consumer Price Indiex (CPI) stood at 3.05 per cent in May and 4.92 per cent in June 2018.

13 July 2019; DW: US regulators have reportedly voted to fine Facebook $5 billion for data breaches. The social network landed in hot water last year amid allegations it shared users' personal information with Cambridge Analytica.

The US Federal Trade Commission (FTC) has approved a $5 billion (€4.43 billion) fine to settle an investigation into Facebook's handling of user data and privacy lapses, sources cited by Reuters news agency and The Wall Street Journal said Friday.