Business

16 May 2019; AFP: China warned the United States on Thursday against further harming trade ties after President Donald Trump effectively barred Chinese telecom giant Huawei from the US market, escalating tensions between the world's top economic powerhouses.

16 May 2019; DW: Regulators in the European Union have levied a hefty fine on Barclays, Royal Bank of Scotland, Citigroup, JPMorgan and Japan's MUFG over collusion in currency trading.

The European Commission on Thursday fined five major banks €1.07 billion ($1.2 billion) for collusion in the foregin currency market.

The fines would normally have been 10% higher, but was reduced after the banks admitted their involvement.

16 May 2019; DW: Populism, Russian election-meddling, Chinese economic power: the list of challenges facing the EU is long, says the German chancellor. In a wide-ranging interview, she set out what Europe needs to do to survive.

The European Union urgently and "without a doubt, needs to reposition itself in a changing world," German Chancellor Angela Merkel said in an interview with daily Süddeutsche Zeitung.

16 May 2019; DW: The United States claims militia with ties to Iran are planning attacks against its personnel in Iraq. Whether true or not, tensions between Iran and the US are putting Iraq in a tough position.

The United States on Wednesday ordered all non-essential American diplomatic personnel out of Iraq amid heightened tensions with Iran.

WASHINGTON, May 15 (Xinhua): U.S. President Donald Trump on Wednesday dismissed reports of "infighting" within the administration on U.S. Iran policy.

Via tweets, Trump said, "The Fake News Washington Post, and even more Fake News New York Times, are writing stories that there is infighting with respect to my strong policy in the Middle East."

"There is no infighting whatsoever," he said. "Different opinions are expressed and I make a decisive and final decision - it is a very simple process."

Trump added that "I'm sure that Iran will want to talk soon."

Paris, May 15; AFP/GANASHAKTI: The world's oil supply fell last month, the International Energy Agency said Wednesday, amid rising global tensions as US sanctions on Iran tightened and OPEC+ members produced less crude in line with their pact.

New Delhi, May 15 (PTI) India's exports rose marginally by 0.64 per cent in April to USD 26 billion while imports increased by 4.5 per cent to 41.4 billion compared to the year-ago month, according to official data released Wednesday.

Trade deficit, the difference between exports and imports, widened to USD 15.33 billion in April 2019 from USD 13.72 billion in April 2018.

Oil imports grew by 9.26 per cent to USD 11.38 billion and non-oil imports expanded by 2.78 per cent.

Gold imports rose by 54 per cent to USD 3.97 billion in April.

Jaipur, May 15 (PTI) The Rajasthan government will construct 174 flats with modern facilities in Vidhayak Nagar (west) at a cost of Rs 250 crore for the members of legislative assembly, an official spokesperson said Wednesday.

Besides, a parliamentary museum will also be set up in the assembly building at a cost of Rs 10 crore, he said.

The decisions were taken in a high-level meeting chaired by Assembly Speaker C P Joshi.

Kanpur: As many as 225 tanneries in Jajmau are now going to face the pang of disconnection of the power supply in the midst of order received from the Uttar Pradesh Pollution Control Board Headquarters. 

On inspection of the tanneries a number of complaints were received regarding running of the tanneries. This prompted the UPPCB for initiating swift action. 

BALTIMORE (AP) — More than a week after a cyberattack hobbled Baltimore’s computer network, city officials said Wednesday they can’t predict when its overall system will be up and running and continued to give only the broadest outlines of the problem.