US companies getting refunds after the Supreme Court struck down President Donald Trump's import tariffs are using the temporary windfall in a range of creative ways. The refunds are being used to cover rising costs, supplement employee retirement accounts and repay debt. Some are sharing the bounty with vendors. And a number of consumer companies are beefing up their assortment of lower-priced products and offering deals to attract budget-conscious shoppers pinched by the rising cost of living. Companies in the Russell 3000 Index mentioned tariff refunds almost 1,000 times in earnings calls and filings in July, August and September, according to a Bloomberg News analysis, almost four times more than in the previous earnings season. Consumer discretionary and staples companies accounted for more than a third of the references, disclosing the receipt of close to $9.8 billon in refunds during that period. Roughly $166 billion was paid in tariffs under the International Emergenc...
A video of Indian Navy and Coast Guard personnel rescuing passengers of a ferry that sank near Mumbai after colliding with a naval speedboat shows people shouting for help as the boat slowly goes under water.
Thirteen people were killed and 99 were rescued. The navy craft whose engine was on a trial run lost control and collided with the passenger ferry that was going from the Gateway of India to Elephanta Island, a tourist spot.
"Search and Rescue efforts were immediately launched by the Navy in coordination with the Coast Guard and Marine Police. Four naval helicopters, 11 naval craft, one Coast Guard boat and three Marine Police boats were involved in the rescue efforts," the Navy said.
"The survivors picked up by Navy and civil craft in the area have been transferred to jetties and hospitals in the vicinity. So far 99 survivors have been rescued," it added.
Maharashtra Chief Minister Devendra Fadnavis told reporters in Nagpur that 101 persons have been rescued. He said he was deeply saddened by the loss of precious lives in the collision between the passenger ferry and the Indian Navy craft.
Mr Fadnavis declared financial assistance of Rs 5 lakh to the families of those who died in the accident.
from NDTV News- Special https://ift.tt/Rc5fQWv
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