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Consumer confidence now worse than in December last year: RBI survey

Consumer confidence now worse than in December last year: RBI survey

Finance
MUMBAI: Consumer confidence has waned since December 2017 with respondents to an RBI survey being more pessimistic about the current economic situation and employment opportunities compared to a year ago. The only area where sentiment is in the optimistic zone is in spending on essential and non-essential items. However, here too people are less positive than they were a year ago. The bimonthly RBI consumer confidence survey has two components — the current situation index (CSI) and the future expectations index (FEI). The CSI — or perception of current prices, jobs and overall economy — has remained in the pessimistic zone since March 2017, while the FEI followed the same trend but was not in pessimist territory. “Households’ current perceptions on the general economic situation dived sha
World's last male northern white rhino, Sudan, dies

World's last male northern white rhino, Sudan, dies

Technology
The world's last male northern white rhino, Sudan, has died after "age-related complications," researchers announced Tuesday, saying he "stole the heart of many with his dignity and strength." A statement from the Ol Pejeta Conservancy in Kenya said the 45-year-old rhino was euthanized on Monday after his condition "worsened significantly" and he was no longer able to stand. His muscles and bones had degenerated and his skin had extensive wounds, with a deep infection on his back right leg. The rhino had been part of an ambitious effort to save the subspecies from extinction after decades of decimation by poachers, with the help of the two surviving females. One is his daughter, Najin, and the other is her daughter, Fatu. His death won't have an impact on the efforts to save the subspecie...
Sudan, last male northern white rhino, dies in Kenya

Sudan, last male northern white rhino, dies in Kenya

Science
The world's last surviving male northern white rhino has died after months of ill health, his carers said.Sudan, 45, lived at the Ol Pejeta Conservancy in Kenya. He was put to sleep on Monday after age-related complications worsened significantly.His death leaves only two females - his daughter and granddaughter - of the subspecies alive in the world.Hope for preserving the northern white rhino now lies in developing in vitro fertilisation (IVF) techniques.Media playback is unsupported on your deviceWhy is this kind of rhino so rare?Rhinoceroses - of which there are five species - are the second-largest land mammal after elephants. The white rhinoceros consists of two sub-species: the southern white rhino, with an estimated 20,000 living in the wild, and the much rarer and critically endan...
Last orders for Bargain Booze boss

Last orders for Bargain Booze boss

Business
The chief executive of Conviviality is expected to lose her job next week as investors demand boardroom accountability in return for providing more than £100m to rescue the company.Sky News has learnt that Diana Hunter's tenure at the helm of the Bargain Booze owner is hanging by a thread following a savage profit warning prompted partly by a previously undisclosed £30m tax liability.Sources said on Friday evening that Ms Hunter was likely to leave Conviviality in the coming ‎days as the company scrambles to raise sufficient funds from investors.David Adams, the chairman, is expected to step into an executive role on a temporary basis.The cash call, which is expected to come in the form of a placing of new shares rather than a rights issue, may exceed £100m as the company tries to allay Ci
Chipmakers drove corporate growth in South Korea last year

Chipmakers drove corporate growth in South Korea last year

World
SEOUL, Feb. 25 (UPI) -- South Korea's largest companies saw a 35 percent jump in operating profit last year, on the back of a stronger global economy.According to industry tracker Chaebol-dot-com on Sunday, the country's top 100 listed companies gained $ 154 billion in operating profit last year, up 34.7 percent from 2016.Sales rose 10.5 percent to $ 1.7 trillion.Semiconductor manufacturers accounted for much of the growth, boosted by the global supercycle of memory chips.South Korea's number one tech giant Samsung Electronics and chipmaker SK Hynix saw their margins surge by record figures -- 83.5 percent and 319 percent respectively.Samsung is currently leading the global market for NAND Flash and DRAM.Excluding the two firms, earnings growth averaged 9 percent on-year.Automobile compani...