Monthly Archives: September 2018

Ten years on, in uncharted waters

The crises in emerging economies show how vulnerable they remain to the vagaries of U.S. economic policy Economists thrive on crises. The East Asian crisis of 1997 caused a rethink on full capital account convertibility and fixed exchange rates. The Internet bubble and bust of the early 2000s led many …

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Dutch to turn diapers into furniture

Fed-up with a growing mountain of stinking disposable nappies, a Dutch firm on Tuesday started building the country’s first recycling plant to turn poo into profit. Plastic from the nappies extracted by the facility in the central Dutch town of Weurt near Nijmegen will have a second life as household …

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SAP’s ethics code for AI

To prevent technology from infringing on people’s rights German business software giant SAP published on Tuesday an ethics code to govern its research into artificial intelligence (AI), aiming to prevent the technology infringing on people’s rights, displacing workers or inheriting biases from its human designers. “SAP designed these guiding principles …

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Game of Thrones wins nine Emmys

The Marvelous Mrs Maiseltook home eight awards overall, including one for best comedy HBO’s record-breaking fantasy epic Game of Thrones stormed back onto the Emmys stage on Monday, winning the coveted best drama series prize on a night full of surprises, including an on-air marriage proposal that stunned the audience. …

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Rupee hits fresh low, ends at 72.98

The rupee closed at a record low against the dollar on Tuesday, declining 47 paise to close the day at 72.98 a dollar due to rising global crude oil prices. Benchmark Brent crude futures rose $1.14 a barrel to $79.19 during the day, after hitting a high of $79.37 in …

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Bank of Baroda, Vijaya shares end in red, Dena rises 20%

Merger credit positive, will require capital support: Moody’s The government’s proposal to merge three public sector banks evoked mixed response from investors, with Bank of Baroda and Vijaya Bank stocks ending in the red, while Dena Bank shares, which hit the upper circuit, ended with a 19.75% gain. Stocks of …

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‘Curbs on VTB no bar to Essar bid’

Political sanctions have no place under insolvency code, says NuMetal NuMetal argued in the Supreme Court on Tuesday that international “political sanctions” against Russia’s VTB Bank had no place in the Essar Steel auction under the Insolvency and Bankruptcy Code (IBC). “In foreign policy, friends become foes and foes become …

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