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Rupee becomes Asia’s best performing currency

The turnaround has been fuelled by the improved chances of Prime Minister Narendra Modi winning a second term amid recent tensions between India and Pakistan. The optimism has led to local shares and debt luring robust flows, which have turned the carry-trade returns on the rupee to the highes...

Layoffs thin the creative ranks at Groupon

“Last week, we parted ways with fewer than 20 people, including some members of our creative services teams,” Groupon spokesman Nick Halliwell said in an email. “We thank these individuals for their contributions to Groupon and wish them well. Those affected will receive full severance benefit...

UConn Study: Junk Food Purchases Increase after Recreational Marijuana Legalization | College of Liberal Arts and Sciences

It’s an infamous pop culture portrayal. After smoking marijuana, the main characters in the movie go on an epic junk-food binge, consuming mass quantities of chips, cookies, and whatever other high-calorie, salt-or-sugar-laden snacks they can get. While some neuroscientists have hypotheses, th...

A slew of CEOs charged in college entrance cheating scam

Two high-profile actresses and a slew of top business executives, including a former head of Pimco and a founder of Hercules Capital, were among more than 40 people charged in a $25 million cheating scheme to help wealthy students to gain admission to top colleges, law enforcement officials sa...

Johnson & Johnson acted as opioid 'kingpin,' Oklahoma AG says

(CNN)Johnson & Johnson acted as an opioid "kingpin" by using a web of foreign and domestic subsidiaries to supply raw materials "necessary to manufacture the opioid pain medications thrust upon the unsuspecting public since the 1990s," Oklahoma Attorney General Mike Hunter alleged in court...

The United States And China Appear Close To A Deal That Would Roll Back U.S. Tariffs On At Least $200 Billion Worth Of Chinese Goods

The United States and China appear close to a deal that would roll back U.S. tariffs on at least $200 billion worth of Chinese goods, as Beijing makes pledges on structural economic changes and eliminates retaliatory tariffs on U.S. goods, a source briefed on negotiations said on Sunday.

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World shares tick higher on U.S.-China trade deal optimism

March is expected to be a crucial month for global markets. Britain’s parliament will vote on an agreement to leave the European Union, the U.S. Federal Reserve will hold a policy meeting that could yield clues on its plans for interest rates and balance sheet reduction, and the European Centr...

Tesla is closing stores, shifting all sales online

The move to e-commerce only will require Tesla to reduce headcount in sales, CEO Elon Musk confirmed. It should also help Tesla cut some operating expenses, and avoid dealing with local politics that have prevented it from operating its own stores (dealerships) in certain states including Conn...

Burger Shop Goes Vegan and Sales Spike 400% In a Day

“When we heard we would get the Beyond Burger to Finland, we decided to ditch all our beef-based burgers and switch to a 100-percent vegan menu with the Beyond Burger as the main ingredient,” the company said in a statement. The Beyond Burger, which is made with pea protein, is said to look, c...