India to get over $1 billion from World Bank for Modi's solar goals
NEW DELHI The World Bank said on Thursday it would lend India more than $1 billion for its huge solar energy programme, after Prime Minister Narendra Modi sought climate change funds from its visiting head.Modi is banking on India's 300 days a year of sunshine to generate power and help fight climate change rather than committing to emission cuts like China.The World Bank loan is the global lender's biggest solar aid for any country and comes as India has set a goal of raising its solar capaci..>> view originalGerman Unemployment Declined Before Britain's Shock Leave Vote
German unemployment extended its decline in June, signaling economic growth remained robust before Britons unexpectedly voted to exit the European Union.The number of people out of work fell by a seasonally adjusted 6,000 to 2.69 million, data from the Federal Labor Agency in Nuremberg showed on Thursday. The median estimate in a Bloomberg survey was for a drop of 5,000. The jobless rate remained unchanged at a record low of 6.1 percent.German companies shrugged off the risk of the U.K. quittin..>> view originalLesedi La Rona Diamond: 2nd-Largest Ever Mined
More Than 100 Nobel Laureates Demand Greenpeace End Anti-GMO Crusade
A large group of Nobel laureates has accused Greenpeace of becoming anti-scientific fear mongers, as it called for the environmental group to end its campaign against genetically modified organisms. A total of 108 Nobel laureates signed the open letter, titled "Why Greenpeace is Wrong about GMOs and Golden Rice, this week. The growing number of signatories pointed to Greenpeace's ardent resistance to the use of Vitamin-A enhanced Golden Rice, a GMO strain meant to alleviate nutritional deficienc..>> view originalCollege debt, no degree means world of financial hurt
How much is too much when it comes to college debt? Obviously -- or maybe not so obvious to some -- you don't want to borrow the entire cost.Gifts to grads might help but many college students still juggle student loans.(Photo: Susan Tompor)Story HighlightsSome select a less expensive college -- or one with a scholarship offer -- to avoid too much debt.Take a full-time workload of credits to try to graduate in four years, not five.See if you can rent college text books or buy used ones.Guideline..>> view originalCIBC Pushes Into U.S. With a Bank Purchase -- WSJ
Shutterstock photo By Ben Dummett Canadian Imperial Bank of Commerce, in the latest move by a big Canadian bank to bet on the U.S. market for growth, agreed Wednesday to acquire Chicago-based lender PrivateBancorp Inc. for about $3.8 billion in cash and stock. In Canada, the five biggest banks already dominate the domestic banking and wealth management sectors, and are grappling with the prospect of rising credit losses from energy-sector lending and sluggish economic growth due to t..>> view originalRecord number of travelers expected over Independence Day holiday
More than 43 million Americans are expected to travel over the Independence Day holiday, a number that could break records if it comes to fruition.AAA released a report earlier this week that said low gas prices are mostly the reason behind so much travel, as 36 million of the 43 million travelers are expected to drive to their destinations.That’s because the national average for a gallon of gas currently sits at $2.31, which is nearly 50 cents lower than a year ago. Drivers will pay the lowest..>> view originalOil falls towards $50 on higher supply outlook, economic worries
LONDON Oil fell towards $50 a barrel on Thursday, pressured by higher Nigerian output and concern about the economic outlook following Britain's vote to leave the European Union last week.Returning Nigerian supply will put pressure on prices, Goldman Sachs said, adding that outages caused by Canadian wildfires would virtually end by September. Norwegian supply could be hit by a threatened workers' strike, however. Brent crude LCOc1 was down 48 cents a barrel at $50.13 as of 0856 GMT, having ri..>> view originalUnited, flight attendants reach tentative deal on contract
CHICAGO — United Airlines and its flight attendants have tentatively agreed to a new contract that would boost top pay rates by as much as 31 percent and, for the first time, cover all of the airline's flight attendants under a single labor agreement ...>> view originalDeals of the day- Mergers and acquisitions
June 30 The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Thursday:** Airbus Group and Safran pledged on Thursday to make Europe competitive in the face of U.S. low-cost rival SpaceX as they completed a deal to merge their space launcher activities.** South Africa's Competition Tribunal granted conditional approval for the proposed merger of about $100 billion by brewer Anheuser-Busch Inbev and SABMiller, the antitrust authority said on Thursday. ** Japan's a..>> view original
Friday, July 1, 2016
India to get over $1 billion from World Bank for Modi's solar goals and other top stories.
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