Finance ministry allows govt depts to roll over unspent funds

NEW DELHI: The finance ministry has decided to allow government departments to roll over unspent funds from one quarter to another in a bid to push public spending. Revising its earlier guidelines, the ministry has said that this can be done after an approval by the expenditure secretary. The budget division has, however, retained the … Read more

Government financial watchdog chief looks for consumer inflation stress

Rohit Chopra leads the Consumer Financial Protection Bureau, the federal agency whose mission is to protect consumers from “abusive and deceptive financial practices.” As the director of the CFPB, he is keeping a close eye on trouble spots that could potentially cause another financial crisis. With inflation significantly impacting household budgets for millions of Americans, … Read more

Fewer Americans Apply for Jobless Benefits Last Week | Business News

By MATT OTT, AP Business Writer WASHINGTON (AP) – Fewer Americans applied for jobless aid last week with the number of Americans collecting unemployment benefits already near five-decade lows. Applications for unemployment benefits fell by 8,000 to 210,000 for the week ending May 21, the Labor Department reported Thursday. First-time applications are generally representative of … Read more

Female CEO’s Pay Rose 26% in 2021, but Ranks Remain Small | Business News

By MAE ANDERSON, AP Business Writer NEW YORK (AP) – Pay packages for the women who run S&P 500 companies jumped in 2021 as the economy recovered and stock prices and profits soared. Median pay for the women occupying the corner office rose to nearly $ 16 million, according to the annual survey conducted by … Read more

Glencore Pays up to $ 1.5B to Resolve Corruption Claims | Business News

BERLIN (AP) – Commodities firm Glencore says it has reached deals with authorities in the United States, Britain and Brazil to resolve corruption allegations in return for penalties totaling up to $ 1.5 billion. The Anglo-Swiss company said late Tuesday that it will pay $ 700 million to resolve a US bribery probe and a … Read more

Shell safety consultant quits over climate change with viral message

Shell officially changed its name on Friday, ditching “Royal Dutch”, which has been part of its identity since 1907. Rick Wilking | Reuters At 8:27 am on Monday morning, May 23, Caroline Dennett emailed 1,400 executives at the oil and gas conglomerate, Shell, to announce her resignation after 11 years working as a safety consultant. … Read more

NFTs, Greek myths, Hayao Miyazaki

With summer around the corner, the wealthy are preparing their lists of elevating beach reads. And this year, their Goyard tote bags are likely to be filled with books about innovation, technology and Greek gods. JP Morgan Private Bank on Tuesday announced its 23rd annual summer reading list, which has become the seasonal “it list” … Read more

Airbnb is closing its domestic business in China, sources say

Nathan Blecharczyk, co-founder and chief strategy officer of Airbnb Inc., speaks during a news conference in Tokyo, Japan, on Thursday, June 6, 2019. Akio Kon | Bloomberg | Getty Images Airbnb is closing its domestic business in China, according to two sources familiar with the matter. The company is planning to tell employees in the … Read more

EBay enters NFT business, with assist from hockey icon Wayne Gretzky

The headquarters of eBay in San Jose, California. Getty Images EBay is getting into NFTs – with an assist from hockey legend Wayne Gretzky. The company announced Monday that it’s launching 13 limited-edition digital collectibles in partnership with Web3 platform OneOf, each of which contains a 3-D animated rendering of Gretzky making one of his … Read more

VIII OIC Youth Entrepreneurship Forum was held in Kazan [PHOTO]

23 May 2022 The VIII traditional Kazan OIC Youth Entrepreneurship Forum jointly organized by the Ministry of Youth Affairs of the Republic of Tatarstan, The Eurasian Regional Center of the Islamic Cooperation Youth Forum (ICYF-ERC) and leading youth organization of Tatarstan “Selet” Youth Organization, was held in Kazan, Republic of Tatarstan. Mikhail Vanushin as moderator, … Read more