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The government has argued that the revised PCA norms that kicked in from April 2017 are more stringent than what was prescribed earlier and has put further pressure on the system. It was not. To understand this, let's look closer at the RBI statement . Despite Union Finance Minister Arun Jaitley's confidence on achieving the 3.3 percent deficit target, top bureaucrats in Delhi privately speak of a developing fiscal crisis that could worsen post-December if global crude prices don't ease ...
  • Just in time for Thanksgiving: 4 recalled turkey products to avoid

    Just in time for Thanksgiving: 4 recalled turkey products to avoid

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    Officials say consumers should always wash their hands and all surface areas where turkey is prepared, never leave it to thaw on the counter, and use a meat thermometer to cook it to an internal temperature of 165 degrees Fahrenheit. The outbreak has sent 63 people to the hospital; one has died. CSPI directed consumers to the federal food safety guidelines for handling raw poultry, which includes common sense guidelines to follow, outbreak or not, especially around the holidays.
  • Xi warns of dangers of conflict while Pence lets fly

    Xi warns of dangers of conflict while Pence lets fly

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    He warned against confrontation in the form of a trade war or Cold War. He is expected to arrive in Davao City on November 18 at 3:15 a.m., Malacañang said, without explaining why the President needed to leave halfway through the Apec meeting.
  • Woman Dies on Princess Cruises Royal Princess Ship Headed to Aruba

    Woman Dies on Princess Cruises Royal Princess Ship Headed to Aruba

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    Aruba news outlet Diario reported that witnesses saw the victim engaged in an altercation with another passenger prior to her death. In a statement to CBS News , Princess Cruises said, "we are deeply saddened by this incident and offer our honest condolences to the family and those affected ".
  • Aston Martin DBX SUV Shown by Prototype, Hybrid Power Coming

    Aston Martin DBX SUV Shown by Prototype, Hybrid Power Coming

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    Aston Martin said this signifies the start of an extensive testing programme, that began in Wales as a nod to Aston Martins' new St Athan production facility in the Vale of Glamorgan. "One could argue that making an SUV more lovely is not a very high bar, but our auto is thing of beauty", Aston Martin CEO Andy Palmer told Automotive News Europe in a recent interview.
  • Air India Drunk Pilot Sacked From Exec Position

    Air India Drunk Pilot Sacked From Exec Position

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    Boasting about her alleged legal cases, the woman is seen shouting at a staff member who is believed to be one of the pilots. The woman was travelling a business class flight from Mumbai to London on Saturday. The commander then instructed his crew not to serve her any more liquor. "And you treat business-class passengers like that? She saw an open bottle of wine on it and took it without permission", The Times of India quoted a source as saying.
  • Work and Pensions Secretary Esther McVey quits United Kingdom government over Brexit deal

    Work and Pensions Secretary Esther McVey quits United Kingdom government over Brexit deal

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    And leading backbench Brexiteer Jacob Rees-Mogg submitted a letter of no confidence in Mrs May to Sir Graham Brady, chairman of the Tories' backbench 1922 Committee. Both sides say it cedes power to the European Union without securing the promised benefits of greater autonomy. "The choice is clear". She added, "We can choose to leave with no deal, we can risk no Brexit at all or we can choose to unite and support the best deal that can be negotiated".
  • Oil extends losses amid spectre of faltering demand

    Oil extends losses amid spectre of faltering demand

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    However, President Trump is pressuring Opec not to cut supply in order to prop up prices. Both crude benchmarks have fallen more than 20 per cent since peaking at four-year highs in early October . The U.S. dollar also put pressure on oil, hovering near 16-month highs and so making oil more expensive for importers using other currencies. "While the countries buying the crude oil are going to pay more for the product, the oil producing countries are expected to make more money in the ...
  • Why Long Island City checked Amazon's boxes

    Why Long Island City checked Amazon's boxes

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    Amazon says its new second headquarters will be split between New York City and Arlington, Virginia - ending months of speculation. Nicholas Bienstock, a Savannah managing partner, said the company was "thrilled" by Amazon's choice and thanked Citi "for its critical role in facilitating delivery of the space".
  • Dow Jones falls 600 points as tech stocks slip

    Dow Jones falls 600 points as tech stocks slip

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    Banks and consumer-focused companies and media and communications stocks also took heavy losses. The Dow Jones Industrial Average fell 602.12 points, or 2.32 percent, to 25,387.18, the S&P 500 lost 54.79 points, or 1.97 percent, to 2,726.22 and the Nasdaq Composite dropped 206.03 points, or 2.78 percent, to 7,200.87.
  • Oil prices collapse as OPEC sees production outpacing demand

    Oil prices collapse as OPEC sees production outpacing demand

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    USA light crude lost US$2.85 a barrel, or 4.7%, to hit US$57.09, the lowest level since December 2017. The producer cartel of the Organisation of the Petroleum Exporting Countries (OPEC), whose member states rely on high oil prices to finance government budgets, has been watching the jump in supply and price slump with concern.
  • Pilots unions criticise Boeing for withholding safety information

    Pilots unions criticise Boeing for withholding safety information

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    It was added to the MAX models partly because the aircraft has heavier engines than the previous 737 NG models and the airplane's center of gravity is biased more forward. While the problem is not entirely new, it is unclear how Boeing had tackled it, according to Giemulla. In addition, he said, the onboard checklist that pilots had been carrying gave what now appears to be incorrect instructions for pulling out of the emergency condition that apparently confronted the Lion Air pilots.
  • OPEC moves to combat plummeting oil prices

    OPEC moves to combat plummeting oil prices

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    Oil jumped as much as 1.8% on Monday after Saudi Arabia said OPEC and its allies should reverse about half the increase in output they made earlier this year as fears of shortages are supplanted by concerns about oversupply. U.S. crude oil stockpiles in the week ending November 2 increased by 5.8 million barrels, or about 3 percent above the five-year average for this time of year, according to the U.S.
  • Cabinet to consider Brexit deal in special meeting on Wednesday

    Cabinet to consider Brexit deal in special meeting on Wednesday

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    Analysts cautioned that May still had to win over many members of her party as well as the Northern Irish Democratic Unionist Party, which props up her minority government. But cabinet approval could pave the way for a historic EU-UK summit in Brussels at the end of November that would finalise the agreement's text. There has been no official confirmation from either Downing Street or Brussels.
  • Apple has a Plan B as iPhone demand peaks; Many suppliers don't

    Apple has a Plan B as iPhone demand peaks; Many suppliers don't

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    Following a poor forecast earlier this month, analysts and investors voiced concern over the state of Apple's business, contributing to growing worries that iPhone sales were stagnating and could hurt suppliers. 'With no new technology in sight next year for the supply chain, this is not ideal for the companies involved, ' said Nicole Tu, a Taipei-based analyst at Yuanta Investment Consulting.
  • Facebook is now down for many desktop users

    Facebook is now down for many desktop users

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    We've received multiple reports that Facebook's products aren't working properly. The site appears to be down for many users. In addition to the North American outages, there were also reports of Facebook outages in portions of South America.
  • Two pilots report UFO's in sky over Ireland

    Two pilots report UFO's in sky over Ireland

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    Another pilot said the speed was " astronomical, it was like Mach 2 ", which is twice the speed of sound, the report said. "Following reports from a small number of aircraft on Friday 9 November of unusual air activity , the IAA has filed a report", a spokesperson said.