PMI: Inflationary pressure, rupee depreciation add to woes of services providers

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PMI: Inflationary pressure, rupee depreciation add to woes of services providers

Business activity in India’s services sector lost momentum in December. Data released by IHS Markit showed the Purchasing Managers’ Index (PMI) for the services sector dropped to 52.3 in December from 53.7 in November. A figure above 50 indicates …
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Southfield cybersecurity firm NuArx acquired by Irish company

Southfield-based cybersecurity firm NuArx Inc. has been acquired by Sysnet Global Solutions, a cybersecurity provider based in Dublin, Ireland. Terms of the deal were not disclosed. The acquisition means that more than 4 million merchants and payment …
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European stocks rise as possible 'blue sweep' in Georgia lifts US stimulus hopes

(Reuters) – European stocks rose on Wednesday, with economically sensitive sectors such as energy and banks leading the gains, as investors braced for a Democratic win in crucial U.S. Senate run-off election in Georgia that could drive bigger fiscal stimulus …
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Trump bars US transactions with eight Chinese apps including Alipay

U.S. President Donald Trump on Tuesday signed an executive order banning transactions with eight Chinese software applications, including Ant Group’s Alipay mobile payment app, the White House said, escalating tensions with Beijing two weeks before …
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Mega Millions jackpot jumps to $490 million for Friday's drawing

CLEVELAND, Ohio — There was no overall winner in Tuesday night’s Mega Millions drawing, so the jackpot has jumped to an estimated $490 million. With increased ticket sales, it won’t be surprising to see the jackpot surpass a half-billion dollars by the time …
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