Money


New Drone Regulations Focus on Commercial Use New Drone Regulations Focus on Commercial Use
- August 30, 2016

The regulations also open the door to more small operators and service companies that fly drones for hire, they said. The Wall Street Journal added that the FAA expects to receive "tens of thousands" of applications from people wanting to be registered as drone pilots. (more...)
European Union could hit Apple with multi-billion-euro tax avoidance bill
- August 30, 2016

Brussels lawyers speculate that the final amount could be much less, in the hundreds of millions range - large enough to send a message to companies like Apple and the countries that dole out tax breaks, but not too large to risk creating havoc in case the decisions get overturned in the European Union courts. (more...)
WhatsApp Updates Privacy Policy: All You Need To Know WhatsApp Updates Privacy Policy: All You Need To Know
- August 27, 2016

But be vary. For now, WhatsApp is saying that Facebook won't actually read the WhatsApp messages of its users. WhatsApp's plans to share user data with Facebook are to be investigated by the Information Commissioner's Office (ICO) in the UK. (more...)
Kansas City Fed President George Prepared To Raise Rates in September Kansas City Fed President George Prepared To Raise Rates in September
- August 27, 2016

It last raised rates from near-zero levels in December in its first hike in almost a decade. Fed Up, a network of community organizations and labor unions, will meet with George and half a dozen other policymakers later in the day to air their concern about the impact higher rates will have on America's poor. (more...)
Sears moves to 2Q loss, sales continue to falter Sears moves to 2Q loss, sales continue to falter
- August 26, 2016

For the period ended July 30, Sears lost $395 million, or $3.70 per share, for the period ended July 30. The declines were driven primarily by weakness in categories that have traditionally been Sears' strongest, such as home appliances and apparel, and at Kmart, in the pharmacy and grocery categories. (more...)
Himachal Pradesh Assembly Passes GST Constitutional Amendment Bill Himachal Pradesh Assembly Passes GST Constitutional Amendment Bill
- August 24, 2016

Already passed by parliament, the Bill will introduce a nationwide indirect tax on manufacture, sale and consumption of goods and services. It will help in boosting trade and commerce once it was implemented in the country. The cabinet approved the Odisha startup policy-2016 which targets to set up at least 1000 startups in the next five years by attracting substantial venture and angel capital with attractive employment opportunities for the educated youths. (more...)