Britain’s central bank raised interest rates after a decade, Delhi’s international airport gets more immigration counters, Maruti Suzuki grabs over half of the Indian auto market share.
What is it? The number of years it had been since the central Bank of England increased interest rates. On Thursday, it increased the bank rate from 0.25% to 0.50%.
Why is it important? The bank is looking to cool off inflation, which has been fuelled by Britain’s decision to exit the European Union. The British pound lost 1.2% against the US dollar.
Tell me more: The bank’s monetary policy committee voted 7-2 in favour of increasing the bank rate, which market commentators have interpreted to mean that more hikes are likely.
What is it? The number of additional immigration counters that will come up in the Delhi international airport by January 2018.
Why is it important? Passengers flying in or out of Delhi international airport have been facing a lengthy turnaround in immigration, and the additional counters may help. Of the 55 new counters, 20 will come up by November 30 and another 35 by January 2018.
Tell me more: In 2016, Delhi had a 29.7% share of foreign tourists flying into India and 20.5% share of departures of Indian nationals flying abroad.
What is it? Market share of Maruti Suzuki in India in the first two months of 2017-18.
Why is it important? On Thursday, Toshihiro Suzuki, CEO of parent Suzuki Motor, expressed concerns that a policy-induced move by India to shift to electric vehicles could catch the carmaker “flatfooted” and dent its hegemony in the Indian market.
Tell me more: Earlier this year, transport minister Nitin Gadkari said the government plans to push for a regime where all new vehicles after 2030 are electric. And the government has placed an order for 10,000 electric cars with Tata Motors and Mahindra and Mahindra.
What is it? The number of years ago that Sports Illustrated magazine predicted that Houston Astros—the team with the worst record in Major League Baseball in 2013—would win their first World Series title in 2017.
Why is it important? On Wednesday night, the Astros did exactly that, for their first title in the 55-year history of the franchise. In the process, they became a poster side for rebuilding, of new data-analytics meets old-fashioned scouting.
Tell me more: Titled ‘baseball’s new experiment’ the June 30, 2014, cover story of Sports Illustrated predicted how it would come together in 2017 for the Astros in rebuilding mode.
What is it? The number of sexual harassment claims against Dustin Hoffman, American actor and two-time Oscar winner. On Thursday, a day after Hoffman apologised for his past behaviour following the first allegation, a second woman accused him of sexual misconduct.
Why is it important? In what is becoming a ripple effect, Hoffman is the latest Hollywood figure to be accused of sexual abuse, following producer Harvey Weinstein, director James Toback, actor Kevin Spacey and film-maker Brett Ratner.
Tell me more: The second woman is writer and producer Wendy Riss Gatsiounis, who claims that Hoffman propositioned her during a pitch meeting in 1991 and left her “close to tears”.