Business

KANPUR:  A total of 24 drums of the two tanneries were lately sealed on infringement of rules. Despite the power supply cut, these tanneries were found operational on illegal electricity connection in a sudden raid conducted by the team sent by the ADM (city) Vivek Srivastava. The KESCO has, in the meantime, filed an FIR at the Chakeri police station. The ACMs were continuously keeping vigil on the operation of the tanneries. The owners will not be allowed to run their units against norms, he cleared.

PUTRAYAJAYA, Malaysia (AP) — Malaysia’s Finance Minister Lim Guan Eng said Friday that an apology by Goldman Sachs for its role in the alleged multibillion-dollar ransacking of state investment fund 1MDB was insufficient and that it must pay $7.5 billion as compensation.

Goldman CEO David Solomon apologized Wednesday to the Malaysian people for former banker Tim Leissner’s role in arranging bond sales for 1MDB. They provided a means for associates of former Malaysian Prime Minister Najib Razak to allegedly steal billions over several years from the fund.

BRUSSELS (AP) — The European Union insisted Friday that agriculture be kept out of the EU-U.S. trade negotiations, despite Washington’s wishes to include the vast sector, and said any overall deal will be limited in scope.

The EU Commission announced its proposals for a negotiating mandate from the 28 member states and said that the EU negotiations will be “strictly focused on the removal of tariffs on industrial goods, excluding agricultural products.”

WASHINGTON (AP) — She imperiled his State of the Union address. He denied her a plane to visit troops abroad.

The shutdown battle between President Donald Trump and House Speaker Nancy Pelosi is playing out as a surreal game of constitutional brinkmanship, with both flexing political powers from opposite ends of Pennsylvania Avenue as the negotiations to end the monthlong partial government shutdown remain stalled.

17 Jan 2019; AFP: British Prime Minister Theresa May will miss next week's annual World Economic Forum meeting in Davos to focus on Brexit negotiations, sending ministers in her place, Downing Street said on Thursday.

"She will not be going to Davos. She will be focused on matters here," May's spokeswoman said, adding that "there will be government ministers attending".

18 Jan 2019; DW: Four German managers at carmaker Audi were the latest to be charged in the United States as part of a diesel emissions cheating scandal. The company has already paid an €800 million fine as part of a case in Germany.

A US grand jury in Detroit has indicted four Audi engineering managers from Germany on counts of conspiracy, wire fraud and violations of the Clean Air Act.

18 Jan 2019; DW: Beijing and Berlin have signed agreements to boost cooperation in the banking and insurance sectors. A trade spat with the US has left China looking for other trade partners.

China and Germany vowed closed financial cooperation on Friday, affirming initiatives to open their respective markets further to each other's banks and insurers. Berlin stopped short of choosing a side in the US-China trade war, however.

UNITED NATIONS, Jan. 17 (Xinhua) -- A Chinese envoy on Thursday asked the Security Council to review the sanctions against Sudan given the improvement of the situation in its Darfur region.

"The Security Council should review the sanctions on Sudan in a timely manner and make adjustments in the light of the latest developments with a view of eventually lifting the sanctions," said Wu Haitao, China's deputy permanent representative to the United Nations.

BEIJING, Jan. 17 (Xinhua) -- China on Thursday urged the United States to stop interfering in China's internal affairs and damaging China's interests, and to do more things that are conducive to mutual trust and cooperation.

Foreign Ministry spokesperson Hua Chunying made the remarks at a press conference when responding to reports about U.S. Vice President Mike Pence's accusation against China at Global Chiefs of Mission Conference on Jan. 16.

BEIJING, Jan. 18 (Xinhua) -- Chinese authorities on Friday pledged an array of measures to boost consumption as part of the efforts to support the economy.

"Optimizing market supply and increasing consumption are playing a greater role in effectively coping with downward pressure on the economy and maintaining stable growth," said a statement released after a teleconference held by the National Development and Reform Commission, the Ministry of Commerce, and the State Administration for Market Regulation.