APEC fails to reach consensus on leaders’ communique amid US-China divisions
Carlos Ghosn, chief of Nissan and Renault, faces arrest in Japan
Honda Passport SUV teaser touts offroad chops
One dead, dozens injured in fuel tax protests around France
Wholesale Inflation accelerates to 3.18% in April 2018
15 May 2018, 11:16 | Austin Hogan
Representational Image | Vegetables & Fruits
On a monthly basis, wholesale prices increased 0.7 percent in April.
India's retail inflation came in at 4.58 percent in April from March's 4.28 percent due to rise in prices of miscellaneous items such as education, household goods, personal care items as well as petrol and diesel prices, data released by statistics office showed.
According to government data released on Monday, inflation in food articles was at 0.87 per cent in April 2018, as against a deflation of 0.29 per cent in the preceding month.
The rise in inflation rates have given rise to expectations of a prolonged pause on policy rates by the Reserve Bank of India (RBI) in this financial year. Those expectations got a boost after central bank deputy governor in charge of monetary policy, Viral Acharya, said he would vote for a withdrawal in monetary accommodation in June, citing sticky core inflation.
The annual CPI in rural areas in April ruled higher at 4.67 per cent, while in urban India it rose by 4.42 per cent.
Seattle approves business tax for homelessness
The only companies affected by the new ordinance would be those generating $20 million or more of annual revenue in the city. The tax that passed Monday will raise close to $50 million annually to fight the homelessness crisis.
Margot Kidder, Lois Lane in Superman, Dies at 69
She had been diagnosed with bipolar disorder eight years before police escorted her to Olive View Medical Center in Los Angeles. She also acted in theatrical productions, most notably appearing on Broadway in a 2002 production of The Vagina Monologues .
Annual consumer price inflation (CPI) accelerated to 4.58 per cent in April, the government data showed on Monday. Retail inflation, based on movement in Consumer Price Index (CPI), rose after declining since January on account of rise in prices of cereals, meat, fish and fruits. It touched a high of $78 this month.
The index for Manufacture of Other Transport Equipment group declined by 0.4 per cent to 110.2 from 110.6 for the previous month due to lower price of railway brake gear (4 per cent) and motorcycles (1 per cent).
However, inflation in vegetables segment was lower at 7.29 percent in April compared to 11.7 percent. Overall, inflation in the food basket remained flat at 2.8 per cent month-on-month.
Among manufactured products, basic metals rose by 13.04%, while sugar became cheaper by 15.56% in April over the corresponding month a year ago. Petrol prices increased by 9.45% over April past year, while liquefied petroleum gas became cheaper by 11.73%. In March, deflationary pressures on food articles meant that pulses and vegetables turned cheaper while falling prices of at least some commodities such as tomatoes, reflected farmers' woes.
In addition, India Ratings and Research's Chief Economist Devendra Kumar Pant said: "Higher core-core inflation (non-food, non-fuel and light and non-transport and communication) shot to 34 months high at 6 per cent".
Walmart, Flipkart seal $16 bn e-commerce deal
US-based Walmart Inc has signed a deal to buy 77 per cent stake in e-commerce company Flipkart for $16 billion. Here, it is worth mentioning that Flipkart is an Indian e-commerce giant.
82 women walk the red carpet in Cannes film fest protest
Its key commitments include the compilation of statistics to record the gender of the filmmakers and key crew of all submissions. Cannes has been criticized over the years for the gender imbalance in films selected for screening at the festival.
Hamilton wins in Spain to go 17 points clear
Vettel said sticking to a one-stop like the Mercedes cars had was "not an option" for him given Ferrari's higher tyre wear. However, it was Grosjean's stubbornness to off the throttle while spinning that caused the first lap mayhem in the race.
Jamie Nye: Winnipeg Jets now the favourite?
The Jets opened the third period on a power play after Blake Wheeler was tripped with two seconds left in the second period. It was a massive insurance goal for the Golden Knights, and it essentially slam the door shut right in Winnipeg's face.
Reid treated for pancreatic cancer
The former Senate Democratic leader declined to seek re-election in 2016 after more than three decades in Congress. Secretary of State John Kerry during a lecture series at the University of Nevada, Reno, Tuesday, April 3, 2018.
Life on Jupiter's moon? Europa's plumes suggest so
Then the Galileo mission reached Europa in 1996, and Kivelson's detections revealed that there was an ocean on another planet. The research, headed by University of MI space physicist Xianzhe Jia , was published in the journal Nature Astronomy .