Thomson Reuters halts employee travel to China and South Korea over coronavirus outbreak

Media giant Thomson Reuters has canceled non-essential business travel for its employees to mainland China, Hong Kong and South Korea over mounting fears of the deadly coronavirus outbreak, a spokesperson confirmed to CNBC. “Thomson Reuters has halted all non-essential travel to China, Hong Kong and South Korea. All other travel remains under constant review,” the spokesperson said. The parent of Reuters News joins a growing list of major corporations that are halting employee travel due to virus concerns, including Amazon, Facebook and News Corp. The company is headquartered in Ontario, Canada, and has roughly 25,800…

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Government to take ‘technology over taxation’ approach to climate change

‘Very speculative’: Scott Morrison has not confirmed reports he may adopt a technology investment target to avoid signing up to a commitment of zero greenhouse gas emissions by 2050. Photograph: David Crosling/EPA Scott Morrison has described a report he may adopt a technology investment target to avoid signing up to a commitment of zero greenhouse gas emissions by 2050 as speculation, but confirmed his government will take a “technology over taxation” approach to climate change. On Tuesday, Morrison told reporters in Melbourne the report in the Australian was “very speculative”, but said it…

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Muthoot Finance shares jump over 7% on strong Q3 results; NIM at 17.1% highest in 12 quarters

Shares of Muthoot Finance ltd jumped over 7 percent on Monday, buoyed by a strong third quarter performance. The gold finance company’s shares quoted at Rs 792.35 apiece, up 6.3 percent on BSE at 9.36 am. The stock opened at Rs 774, up over 3.5 percent from its Friday’s close of Rs 746.60. The stock surged to a new 52-week high of Rs 801.70 per share. So far this year, the stock has gained nearly 3 percent, while the one year return on the stock is more than 50 percent…

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Why the controversy over Huawei technology in UK networks?

The White House believes China will use its platform in the UK to spy on Washington. Photograph: Mark Schiefelbein/AP As the UK government prepares to decide whether or not to allow Huawei to be involved in setting up a key portion of the nation’s infrastructure, US officials have issued a stark warning that allowing the Chinese firm a role would put transatlantic intelligence sharing at risk. Why are the Americans so concerned? To put it bluntly, the White House believes the Chinese state will use Huawei to help it spy. Officials in Washington believe…

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Indiabulls Housing Finance share price falls 38% on concerns over merger with Lakshmi Vilas Bank

The share price of Indiabulls Housing Finance Ltd (IBHFL) crashed nearly 38% intraday to hit a fresh 52-week low today after Reserve Bank of India put private sector lender Lakshmi Vilas Bank under its prompt corrective action (PCA) plan. The development places the prospects of their prolonged merger into jeopardy. Indiabulls Housing Finance stock opened today with a loss of 6.79% to Rs 363, also its day’s high. Later, the stock crashed 37.8% and touched an intraday low as well as fresh 52-week low of Rs 240.10, against the last…

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Move over, Marie Kondo. It’s travel that sparks joy

Reducing clutter is the theme of the Netflix program “Tidying Up with Marie Kondo,” which recently brought the host’s minimalist philosophy to reality TV. She demonstrates how to fold T-shirts and, to make decluttering decisions easier, she’ll ask the untidy people she visits to consider, item by item, whether an object sparks joy within them. If not, it’s sent on its merry way to Goodwill. I suspect thrift stores are receiving ample supplies of “What was I thinking?” souvenirs from Kondo’s devoted viewers. But other aspects of travel are not…

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Duped With Tourist Over Work Visas, 14 Indians Stranded In Saudi Arabia

Twelve of the 14 stranded in Saudi Arabia are lodged in the jails of the nation (Representational) Shimla:  Fourteen Indians are stranded in Saudi Arabia with most of them in the country’s jails after two local travel agents allegedly sent them to work in the Middle East nation on tourist visas, police said. Now, their tourist visa has expired and they do not have work visas, they added. Of the 14 people stranded in Saudi Arabia, 12 hail from Himachal Pradesh’s Mandi district while two are from Punjab. Twelve of…

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Apple’s $539 Million in Damages Is a ‘Big Win’ Over Samsung

HIGHLIGHTS The global patent battle started seven years ago Samsung infringed three of Apple’s design patents The case has always been about more than money: Apple Apple won $539 million (roughly Rs. 3,700 crores) from Samsung Electronics Co. in the final throes of the companies’ US court struggle over smartphone technology, seven years after the start of a global patent battle. Apple sought about $1 billion (roughly Rs. 6,800 crores) in a retrial of a case that originally produced a verdict of that amount in 2012, while Samsung argued it should pay only $28 million…

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Indian Railways receives over 2 crore applications for one lakh openings

The railways on Monday said it has received over two crore applications for about one lakh vacancies, with five days still remaining for the online registration to end. The online exam will be held for about 90,000 posts in group C and group D and for 9,500 openings in the Railway Protection Force. “Till date, over 2 crore candidates have applied for the posts and the number will rise further as five more days remain before the deadline comes to an end,” said a Railway Ministry official. For assistant loco…

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TSA braces for record travel over Thanksgiving

The Transportation Security Administration (TSA) is bracing for a record number of passengers over the Thanksgiving travel period. The agency estimates that it will screen over 24 million passengers and crew at airport checkpoints around the country this holiday season, which started last Friday and lasts through Monday. That’s a 5 percent increase from last year. The busiest travel day will be on Sunday, when around 2.6 million people will trickle through the nation’s airports, making it one of the top five busiest days in TSA’s history.The TSA also said…

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