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World’s 20 economically strongest cities

World’s 20 economically strongest cities

Indian cities Ahmedabad and Bangalore have been listed among the world’s top 20 competitive cities in terms of economic strength, according to a report released earlier this year. The Economist Intelligence Unit research ranked the world's top cities based on various parameters, to compile the latest Global City Competitiveness Index. However, in our slideshow below, we focus on only on the ‘economic strength’ criteria, which is based on every city’s overall GDP, growth rate and relative income.
(Images: Getty and Think Stock)

  • Google to charge Android partners up to $40 per device for apps: source
    Finance
    Reuters

    Google to charge Android partners up to $40 per device for apps: source

    The new fee goes into effect on Oct. 29 for any new smartphone or tablet models launched in the European Economic Area and running Google's Android operating system, the company announced on Tuesday. Companies can offset the charge, which applies to a suite of apps including the Google Play app

  • Italy Cut to Moody’s Lowest Investment Grade Rating
    Finance
    Bloomberg

    Italy Cut to Moody’s Lowest Investment Grade Rating

    (Bloomberg) -- Italy’s credit rating was lowered one notch by Moody’s Investors Service, with a stable outlook, on concerns about its fiscal strength and stalling plans for structural reforms.

  • Sky's the limit as Calgary opens testing area for drones and new technologies
    Finance
    The Canadian Press

    Sky's the limit as Calgary opens testing area for drones and new technologies

    The sky's the limit as the city of Calgary opens what it believes is the first testing area in Canada for drones, autonomous vehicles and other technologies. The city has set aside a 50-hectare site in its industrial southeast to offer airspace for an increasing demand from companies and educational

  • Finance
    Bloomberg

    Biotech Investor Ousted Over Harassment Claims Sues Globe

    (Bloomberg) -- Sam Isaly, the biotech investor who for years led OrbiMed Advisors until leaving the firm over sexual harassment claims, is suing the news organization that reported on his behavior.

  • Thousands of Swoop passengers inconvenienced as airline cancels flights to U.S.
    Finance
    The Canadian Press

    Thousands of Swoop passengers inconvenienced as airline cancels flights to U.S.

    Thousands of Swoop passengers have been forced to make alternative last-minute flight plans after the WestJet Airlines discount subsidiary cancelled 16 flights in the coming days between Canada and the United States. Flights have been cancelled between Abbotsbord, B.C., and Las Vegas, and between Hamilton

  • Finance
    The Canadian Press

    Business Highlights

    China's economic growth has sunk to a post-global crisis low as officials launch a media blitz to reassure investors about its sagging stock market. The National Association of Realtors says sales declined 3.4 per cent last month, the biggest drop in 2 1/2 years, to a seasonally adjusted annual

  • Oil’s Plunge Has Investors Cutting Their Bullish Bets
    Finance
    Bloomberg

    Oil’s Plunge Has Investors Cutting Their Bullish Bets

    Hedge funds cut bets on rising West Texas Intermediate crude prices for a sixth straight week, to the lowest since October 2017. Before a slight rebound on Friday, the U.S. benchmark sank 10 percent in little more than two weeks. “There are growing concerns in the market about demand growth stalling

  • TSX rises 0.43 percent
    Finance
    Reuters

    TSX rises 0.43 percent

    NEW YORK (Reuters) - The Toronto Stock Exchange's S&P/TSX  rose 65.97 points, or 0.43 percent, to 15,470.10. Leading the index were Baytex Energy Corp , up 6.0 percent, West Fraser Timber Co Ltd , up 4.9 percent, and Detour Gold Corp  , higher by 3.9 percent. Lagging shares were BRP Inc , down 6.5

  • Canada, U.S. defence giant set to launch high-stakes talks over warship deal
    Finance
    The Canadian Press

    Canada, U.S. defence giant set to launch high-stakes talks over warship deal

    The federal government and Lockheed Martin are preparing to launch high-stakes negotiations after the U.S. defence giant was given the first shot at a contract to design Canada's $60-billion fleet of new warships. Government officials said Friday that Lockheed's proposal beat out two rival submissions

  • Russian woman charged in first 2018 election meddling case
    Finance
    The Canadian Press

    Russian woman charged in first 2018 election meddling case

    The U.S. accused a Russian woman Friday of conspiring in a sweeping effort to sway American public opinion through social media in the first federal case alleging foreign interference in the 2018 midterm elections. The criminal complaint alleges that Russians are using some of the same techniques to

  • California rejects plea to pump brakes on pot deliveries
    Finance
    The Canadian Press

    California rejects plea to pump brakes on pot deliveries

    California moved a step closer Friday to allowing marijuana deliveries in communities that have banned retail sales of the drug as regulators rebuffed cities and police chiefs opposed the rule. Cities have been able to ban retail sales, but state law says local governments cannot prevent cannabis deliveries

  • Company extracting metals from asbestos waste gets $12M from Ottawa
    Finance
    The Canadian Press

    Company extracting metals from asbestos waste gets $12M from Ottawa

    Ottawa gave $12 million on Friday to help a company extract magnesium from the waste of closed asbestos mines — despite warnings from Quebec's public health officers that the province's workplace protections are still lacking. The federal funding for Alliance Magnesium came a day after the government

  • Finance
    The Canadian Press

    Weekly Summary Corporate dividends, name changes, new listings

    NEW YORK — Changes announced in corporate dividends Oct. 15-Oct. 19.

  • Finance
    The Canadian Press

    Enbridge targets mid-November to complete B.C. gas pipeline repair after blast

    The company that owns the natural gas pipeline that ruptured and burned earlier this month in central British Columbia says repairs should be complete by the middle of November. Enbridge says in a statement that work to fix the 91-centimetre pipeline is underway, and subject to regulatory approval,

  • Finance
    The Canadian Press

    CEO of mining company tears into analysts during rant

    The CEO of a mining company exploded at Wall Street analysts on Friday, saying they don't know how to read financial reports and should quit their jobs. "You guys should resign for your lack of knowledge of things," said Lourenco Goncalves, the CEO of Cleveland-Cliffs Inc. "You are

  • Canadian stock market gains with investors take defensive posture
    Finance
    The Canadian Press

    Canadian stock market gains with investors take defensive posture

    Canada's main stock index ended the week on a positive note with investors taking on a defensive posture out of concern about the possibility of a further selloff to come. Consumer staples, real estate, utilities and telecommunications sectors were the winners Friday as all but two sectors on the

  • Return to sender: Postal union warns of fallout if US leaves
    Finance
    The Canadian Press

    Return to sender: Postal union warns of fallout if US leaves

    No international letters, no international packages: A top official with a 192-country postal union says that's what Americans can expect if the Trump administration goes through with plans to pull out of an international postal treaty over concerns about China. Pascal Clivaz, deputy director-general

  • PGIM's Tipp Says Future of 10-Year Treasury Yields Is Below 3%
    Finance
    Bloomberg

    PGIM's Tipp Says Future of 10-Year Treasury Yields Is Below 3%

    The 10-year Treasury rate, currently around 3.19 percent and close to the seven-year high it reached earlier this month, will be back below 3 percent in the not-to-distant future, according to the head of global bonds at PGIM Fixed Income, which oversees about $716 billion of assets. Central to Tipp

  • Google will reportedly charge European phone makers as much as $40 per phone to add popular apps like Gmail and Maps (GOOGL, GOOG)
    Finance
    Business Insider

    Google will reportedly charge European phone makers as much as $40 per phone to add popular apps like Gmail and Maps (GOOGL, GOOG)

    The fee will differ by country and device, and will cover Google's Play Store, as well as Gmail, YouTube, and Google Maps. This is one of the many changes Google is making after it was hit with a $5 billion fine for forcing manufacturers that wanted access to the Google Play Store to exclusively

  • Elon Musk's extreme micromanagement has wasted time and money at Tesla, insiders say
    Finance
    CNBC

    Elon Musk's extreme micromanagement has wasted time and money at Tesla, insiders say

    Even though Tesla is producing more electric vehicles than ever before, its debt and recent SEC fraud charges have left investors asking if CEO Elon Musk is good or bad for the company. Conversations with 35 current and former employees suggest that his cowboy management style has contributed to production

  • India’s Richest Brothers and How They Grew $41 Billion Apart
    Finance
    Bloomberg

    India’s Richest Brothers and How They Grew $41 Billion Apart

    Elder sibling Mukesh Ambani, 61, toppled China’s Jack Ma as Asia’s richest man, after driving a telecommunications revolution in India that propelled his petrochemicals conglomerate Reliance Industries Ltd. into the $100 billion club. Meanwhile Anil Ambani, two years his junior, has had a difficult

  • US stocks wobble at the end of another shaky week of trading
    Finance
    The Canadian Press

    US stocks wobble at the end of another shaky week of trading

    "We don't see too many other yellow or red flags right now, but (housing is) certainly one of them," said Mona Mahajan, U.S. investment strategist for Allianz Global Investors. Mahajan said that company earnings aren't doing much for the stock market right now because investors know

  • Final report on 2017-18 spending shows $19-billion federal deficit last year
    Finance
    The Canadian Press

    Final report on 2017-18 spending shows $19-billion federal deficit last year

    The red ink on the federal government's budget showed no signs of fading as the annual financial report card revealed a $19-billion deficit for the second straight fiscal year. Expenses and debt payments were all up last year as overall spending hit almost $332.6 billion, leaving a deficit for 2017

  • Finance
    The Canadian Press

    Procter & Gamble and AmEx climb while AIG and DowDuPont dip

    NEW YORK — Stocks that moved substantially or traded heavily Friday:

  • Finance
    The Canadian Press

    How major US stock indexes fared Friday

    U.S. stocks gave up an early rally Friday and struggled to another mixed finish as investors continued sell former favourites like retailers. Household goods makers rose again as a week of choppy trading concluded.