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Business & Economy

Indian Polls: NYAY is diesel for Indian economy's engine

Dholpur (Raj), Apr 29 (PTI) Congress president Rahul Gandhi Monday described the party's proposed minimum income guarantee scheme as "diesel for the engine" of the Indian economy.

Gandhi promised to give government jobs to 22 lakh youths in one year, make 10 lakh recruitment in panchayats and said no farmer will be jailed for not repaying loan, if the Congress is voted to power.

Coaltion regimes not bad for economy: India Inc leaders

Mumbai, Apr 29 (PTI) Leading lights of India Inc in the financial capital exercised their franchise Monday, with many seeking to dispel the notion that coalition governments are bad for the economy.

Many captains of industry traded their impeccable suits for informal attire as they lined up outside polling booths, many of them located inside civic body-run schools.

Spanish PM claims victory after his Socialist party takes lead

MADRID, April 28 (Xinhua) -- Prime Minster Pedro Sanchez said his Spanish Socialist Party (PSOE) has "won the future and left the past behind" after the party took lead in Sunday's general election.

According to data published by the Spanish Interior Ministry with over 99 percent of the votes counted, the PSOE won 28.70 percent of the votes to win 123 seats in the 350 seat Spanish Congress of Deputies.

This means the PSOE had 37 more seats than in the June 2016 election when the Socialists won 22.63 percent of the vote and 85 seats.

Highlights of President Xi's speech at opening of Beijing horticultural expo

BEIJING, April 28 (Xinhua) -- Chinese President Xi Jinping on Sunday delivered a speech at the opening ceremony of the International Horticultural Exhibition 2019 Beijing. Following are some highlights in his speech.

-- I hope the green development concept embodied by the expo park should be spread to every corner of the world.

-- As China has been speeding up ecological civilization development, people will live in a better environment with blue sky, green mountains and clear water.

Boeing didn’t say it had deactivated safety alert

29 Apr 2019 (AP) - Southwest Airlines says Boeing did not disclose that it had deactivated a safety feature on its 737 Max jets until after one of the airliners crashed last year.

At issue is an alert that tells pilots if a sensor — called an “angle of attack” (AOA) indicator — is transmitting bad data about the pitch of a plane’s nose. The sensor’s alerts had been operational in previous versions of the 737 but were switched off in the 737 Max.

Trump’s misleading rhetoric on immigrants

WASHINGTON (AP) — President Donald Trump is spreading misleading rhetoric about illegal immigration.

At a Wisconsin rally, he suggested he’s launched his plan to transport immigrants in the U.S. illegally to sanctuary cities in mass numbers — “my sick idea,” as he proudly called it. There’s no evidence that’s happening.

He’s also giving a confused outlook on the U.S. population growth, alternating between assertions that the country is too full to accept any more migrants and that it needs more migrants to fill jobs.

Iran mulls withdrawing from nuclear weapons treaty

TASS, April 28. Iran is considering plans of leaving the Treaty on the Non-Proliferation of Nuclear Weapons as one of the options of responding to tightening US sanctions against the Islamic republic, Iranian Foreign Minister Mohammad Javad Zarif told state television, according to the Mehr news agency.

"The Islamic Republic’s choices are numerous, and the officials are studying them…leaving NPT is one of them," Zarif said on Sunday.

Washington restored sanctions against Iran, including the ban on oil purchases, in November 2018.

Russia calls for creating Greater Eurasia uniting integration initiatives

PETROPAVLOVSK-KAMCHATSKY, April 28. /TASS/. Russia believes it is beneficial to create a single Greater Eurasia space, involving the European Union, the Eurasian Economic Union and various Chinese integration initiatives, Russian Presidential Aide for International Affairs Yuri Ushakov said on Sunday.

Anti-skin cancer drug approved in EU

28 Apr 2019; AFP: French pharmaceutical giant Sanofi on Friday said the European Medicines Agency had conditionally approved its anti-cancer drug Libtayo, the first drug of its kind to be authorised for use in the EU.

The tumour-reducing drug is aimed at patients with the second most common form of skin cancer -- cutaneous squamous cell carcinoma (CSCC) -- whose cancer is advanced, and who are not candidates for surgery or radiation therapy.

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