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demonetisation impacts billionaire club; mukesh ambani richest




india's richie rich club has shrunk by 11 people since the demonetisation last november, while mukesh ambani remains the richest indian with a net worth of usd 26 billion, a study showed today. the country now has 132 billionaires with a net worth of usd 1 billion or more and the cumulative wealth o...



facebook records 300 billion 'reactions' on posts in one year




facebook has recorded 300 billion "reactions" on posts and the "love" reaction was used maximum times by its over 1.79 billion users, the company said on saturday. on february 24, 2016, facebook enhanced conversations by implementing "reactions" -- a group of emojis that has "love", "haha", "wow", "...



'mumbai richest indian city with total wealth of usd 820 bn'




india's financial capital mumbai, which is home to 46,000 millionaires and 28 billionaires, is the richest indian city with a total wealth of usd 820 billion, says a report. according to new world wealth, mumbai is the richest city in the country followed by delhi and bengaluru in the second and thi...



one billion hours of youtube are watched every day




youtube's post presents some factoids grappling with that milestone: watching a billion hours yourself would take over 100,000 years, say. since more than half of views come from mobile, a good chunk of those billion hours watched per day are seen on devices. and an increasing number of those might ...



counterfeiters, hackers cost us up to $600 billion a year




counterfeit goods, software piracy and the theft of trade secrets cost the american economy as much as $600 billion a year, a private watchdog says. in a report out monday, the commission on the theft of american intellectual property says the annual losses range from about $225 billion to $600 bill...



greek banks prepare to restructure corporate loans of 5 bln euros | business




banks are preparing a major endeavor to restructure problematic corporate loans which extend across four key business sectors and add up to some 5-5.5 billion euros.in the coming weeks and months the credit sector aims to tackle loans worth 1.1 billion euros in the steel industry (of which about hal...



doubts take 2-bln-euro bite out of bank deposits | business




deposits in greek banks recorded losses of 2 billion euros in the year to the end of last week, with the decline putting an end to the growth registered in the latter half of last year. crucially, if the contraction continues it will undermine any prospects of a gradually easing of the capital contr...



biggest banks fined $321 billion since financial crisis




uber case could be a watershed for women in technologybusiness standardbanks paid $42 billion in fines in 2016 alone, a 68% rise on the previous yeargavin finch | bloomberg  march 3, 2017 last updated at 03:08 isthttp://mybs.in/2uu6ufh



mobile advertising spending to increase almost 37% in 2017




mobile advertising spend is set to increase to £7 billion in 2017. that’s according to the latest data released by research firm emarketer. the spending rate represent over a third of the uk’s media advertising expenditure.the firm revealed that digital ad spend is growing 11% in 2017 to £10.8...



snap snags $31 billion valuation amid strong demand for shares




snap inc priced its initial public offering above its target range, a source familiar with the situation said, raising $us3.4 billion ($4.4 billion) as investors set aside concerns about its lack of profits and voting rights for a piece of the hottest tech ipo in years.at $us17 a share, the parent o...



fraport greece raises 620 mln euros in share offering | business




fraport greece, majority owned by germany’s fraport, said on monday it has raised 620 million euros in a share offering bringing it closer to a deal to manage 14 regional greek airports.fraport signed a 1.2-billion-euro ($1.3 billion) deal in 2015 to operate the provincial airports on tourist isla...



presstv-iran's petchem exports hit $10b




saman kojouripress tv, tehranofficials say iran has exported almost 19,000,000 tons of petrochemical products worth 10 billion dollars since the implementation of the joint comprehensive plan of action in 2016. tehran seeks to attract over 70 billion dollars in foreign investment for its petrochemic...



china hikes defence budget to usd 152 billion




china has hiked its military spending by seven per cent to usd 152 billion, about three times higher than that of india, as beijing braced for countering america's push into the disputed south china sea. after skipping the customary mention of the figures of defence spending in the work report submi...



labor to slash wa public sector spending in costings not ticked off by treasury




a $750 million slashing of the public service and $400 million in land sales are at the centre of wa labor's election costings that it says will get the budget back into surplus.the liberals are warning that will mean more than 6000 job losses. shadow treasurer ben wyatt delivered labor costings on ...



snap shares surge on wall street debut, boosting co-founder evan spiegel's fortu




snap co-founder evan spiegel added $us1.6 billion ($2.1 billion) to his fortune on thursday after shares in the photo-sharing mobile app surged 44 per cent on their trading debut.the blockbuster ipo cemented the 26-year-old tech entrepreneur and his australian supermodel fiancée miranda k...



scientists may have just discovered the world's oldest fossils - time




tiny tubes and filaments in some canadian rock appear to be the oldest known fossils, giving new support to some ideas about how life began, a new study says. the features are mineralized remains of what appear to be bacteria that lived some 3.77 billion to 4.28 billion years ago, the scientists sai...



youtube showing a billion hours of online video daily




youtube on monday said that a billion hours of video is being watched daily at the google-owned online viewing venue in "big milestone" for the service.



private sector banking sector deposits drop in january on review jitters | busin




greek private sector bank deposits declined in january for the second month in a row, central bank data showed on tuesday, as worries over the country's drawn out bailout review led to withdrawals.business and household deposits fell by 1.63 billion euros, or 1.34 percent month-on-month to 119.75 bi...



us trade deficit rises to highest since march 2012 on import increase




the us trade deficit jumped to a near five-year high in january as cell phones and rising oil prices helped to push up the import bill, suggesting trade would again weigh on economic growth in the first quarter.the commerce department said overnight that the trade gap increased 9.6 per cent to $us4...



the oldest fossils ever may have been found in canada




researchers have discovered what might end up being the oldest fossils ever found, it has been announced, ones that fall into the so-called “microfossils” designation. you can’t see these tiny fossils with the naked eye, as they are the fossils of microbes from the ancient world. their exact a...



how trump should spend that extra $54 billion on defense




even if all of president trump's proposed new defense spending goes through, figuring out what to spend it on will be its own battle the post how trump should spend that extra $54 billion on defense appeared first on wired.



banks forgive 2.5 bln euros of corporate npls in 2016 | business




greek banks wrote off nonperforming loans totaling 2.5 billion euros last year, a new record, while senior bank officials say that this year write-offs will rise even higher, exceeding 3 billion, making cancellations one of the credit sector’s main weapons in its ongoing battle to reduce the amoun...



vw makes $5.4 billion profit in 2016, limits executive pay




the ceo of volkswagen matthias mueller gestures during a press conference held after the conclusion of the company's board of directors meeting in wolfsburg, germany, friday, feb. 24, 2017. volkswagen bounced back into the black in 2016 after suffering a loss the previous year due to the diesel emis...



hammond pledges extra 2bn to help tackle social care crisis - halesowennews.co.u




the crisis in social care in england has forced chancellor philip hammond to pledge an extra a 2 billion over three years to help ease the pressure. the money, with a 1 billion promised in 2017/18, follows intense pressure from mps and councils, but falls short of the levels of funding demanded by s...



risky business—calculating climate change losses in major european coastal citie




a new study that assesses potential future climate damage to major european coastal cities has found that, if, as currently, global carbon emissions continue to track the intergovernmental panel on climate change's worst emission scenario (rcp8.5), overall annual economic losses may range from 1.2 b...