Markets
Design for Mach 3 Supersonic Airliner Unveiled by Virgin Galactic
- August 04, 2020
The project would be distinct from Virgin Galactic's SpaceShipTwo suborbital space plane program , which is closing in on the start of commercial operations at Spaceport America in New Mexico. The goal: Claim a fraction of the airline industry's premium long-haul travel business, which totals about $300 billion a year. Advertisement He said he believes people will want to go places faster in smaller vehicles and will be willing to pay for the privilege. (more...)
- August 04, 2020
The project would be distinct from Virgin Galactic's SpaceShipTwo suborbital space plane program , which is closing in on the start of commercial operations at Spaceport America in New Mexico. The goal: Claim a fraction of the airline industry's premium long-haul travel business, which totals about $300 billion a year. Advertisement He said he believes people will want to go places faster in smaller vehicles and will be willing to pay for the privilege. (more...)
Facebook logs solid growth in Q2, 3.14bn people use its apps
- August 04, 2020
It forecast ad revenue growth in the third quarter would be consistent with that July performance. Facebook's quarterly revenue grew to 18.68 billion dollars, up 11 percent year-over-year from 16.9 billion dollars, with advertising revenue rising 10 percent to 18.321 billion dollars, compared with 16.624 billion dollars in the same period last year. (more...)
- August 04, 2020
It forecast ad revenue growth in the third quarter would be consistent with that July performance. Facebook's quarterly revenue grew to 18.68 billion dollars, up 11 percent year-over-year from 16.9 billion dollars, with advertising revenue rising 10 percent to 18.321 billion dollars, compared with 16.624 billion dollars in the same period last year. (more...)
Eat Out to Help Out scheme launches to help boost the economy
- August 04, 2020
Diners are entitled to a 50% discount rate on food and non-alcoholic beverages to consume or consume in, up to an optimum of 10 pounds ($13) discount rate per head every Monday, Tuesday and Wednesday in betweenAug 3 and Aug 31. There is no minimum spend and the 50% discount can be used in combination with other offers and discounts. More than 72,000 restaurants in the United Kingdom have signed up to the scheme, according to Sunak. (more...)
- August 04, 2020
Diners are entitled to a 50% discount rate on food and non-alcoholic beverages to consume or consume in, up to an optimum of 10 pounds ($13) discount rate per head every Monday, Tuesday and Wednesday in betweenAug 3 and Aug 31. There is no minimum spend and the 50% discount can be used in combination with other offers and discounts. More than 72,000 restaurants in the United Kingdom have signed up to the scheme, according to Sunak. (more...)
Retail rout gains pace: America's oldest retailer Lord & Taylor seeks bankruptcy
- August 03, 2020
The company past year, before the emergence of coronavirus , sold its 11-story flagship building on New York's Fifth Avenue which it's owned for more than a century. Last month, Brooks Brothers , the 200-year-old company that dressed almost every USA president, filed for bankruptcy protection . "The unprecedented impact of COVID-19 requires us to further adapt and evolve", Tailored Brands CEO Dinesh Lathi said in a statement announcing the bankruptcy late on Sunday. (more...)
- August 03, 2020
The company past year, before the emergence of coronavirus , sold its 11-story flagship building on New York's Fifth Avenue which it's owned for more than a century. Last month, Brooks Brothers , the 200-year-old company that dressed almost every USA president, filed for bankruptcy protection . "The unprecedented impact of COVID-19 requires us to further adapt and evolve", Tailored Brands CEO Dinesh Lathi said in a statement announcing the bankruptcy late on Sunday. (more...)
Australia: Melbourne enters tough new lockdown and curfew
- August 03, 2020
A new spike in coronavirus cases has prompted Australia's second-biggest city, Melbourne, to go into a stage-four lockdown. The curfew - from 8pm until 5am - bars Melbourne's almost five million population from leaving their houses except to receive or give care or for work. (more...)
- August 03, 2020
A new spike in coronavirus cases has prompted Australia's second-biggest city, Melbourne, to go into a stage-four lockdown. The curfew - from 8pm until 5am - bars Melbourne's almost five million population from leaving their houses except to receive or give care or for work. (more...)
UAE launches Arab world's first nuclear plant
- August 03, 2020
The Emirates Nuclear Energy Corporation ( ENEC ) and UAE Representative to the International Atomic Energy Agency (IAEA) Hamad Alkaabi announced the start-up of the Barakah nuclear power plant in Abu Dhabi on Saturday, reports Reuters. (more...)
- August 03, 2020
The Emirates Nuclear Energy Corporation ( ENEC ) and UAE Representative to the International Atomic Energy Agency (IAEA) Hamad Alkaabi announced the start-up of the Barakah nuclear power plant in Abu Dhabi on Saturday, reports Reuters. (more...)
Australia braces for economic hit as Melbourne put under curfew
- August 03, 2020
Premier Daniel Andrews on Sunday announced a suite of tough new COVID-19 regulations created to limit movement in Melbourne, while foreshadowing more to come for workplaces. Australia's Victoria state imposed fresh, sweeping restrictions on Sunday, including a curfew in Melbourne for the next six weeks, a ban on wedding gatherings, and an order that schools and universities go back online in the coming days. (more...)
- August 03, 2020
Premier Daniel Andrews on Sunday announced a suite of tough new COVID-19 regulations created to limit movement in Melbourne, while foreshadowing more to come for workplaces. Australia's Victoria state imposed fresh, sweeping restrictions on Sunday, including a curfew in Melbourne for the next six weeks, a ban on wedding gatherings, and an order that schools and universities go back online in the coming days. (more...)
Egypt denies pyramids were built by aliens after Elon Musk tweet
- August 03, 2020
I invite you and Space X to explore the writings about how the pyramids were built and also to check out the tombs of the pyramid builders. Mr. Musk, we are waiting for you, ' she added. Three thousand, eight hundred years... There are more than 100 surviving pyramids in the country. There are many legends about the building process of the Egyptian pyramids. (more...)
- August 03, 2020
I invite you and Space X to explore the writings about how the pyramids were built and also to check out the tombs of the pyramid builders. Mr. Musk, we are waiting for you, ' she added. Three thousand, eight hundred years... There are more than 100 surviving pyramids in the country. There are many legends about the building process of the Egyptian pyramids. (more...)
Canada to Expand Employment Benefits as Covid Support Plan Ends
- August 03, 2020
Trudeau also indicated a new sickness and caregivers benefit is on the way for those who are not covered at work if they or their loved ones get COVID-19 and they need to stay home. Employment Minister Carla Qualtrough later said "as many Canadians as possible" will be moved over to employment insurance in September. The national data agency said rebounds in May were seen across multiple industries with the easing of COVID-19 restrictions. (more...)
- August 03, 2020
Trudeau also indicated a new sickness and caregivers benefit is on the way for those who are not covered at work if they or their loved ones get COVID-19 and they need to stay home. Employment Minister Carla Qualtrough later said "as many Canadians as possible" will be moved over to employment insurance in September. The national data agency said rebounds in May were seen across multiple industries with the easing of COVID-19 restrictions. (more...)
Twitter Will Allow Some Employees to Work From Home Forever
- August 03, 2020
Jennifer Christie , Twitter's human resources head, said the company would "never probably be the same" as far as the structure of its work. Twitter has decided that it will let its employees work from home as long as they please even after the lockdown ends. (more...)
- August 03, 2020
Jennifer Christie , Twitter's human resources head, said the company would "never probably be the same" as far as the structure of its work. Twitter has decided that it will let its employees work from home as long as they please even after the lockdown ends. (more...)
Australian publishers respond to draft mandatory code
- August 03, 2020
The motive, according to Treasurer Josh Frydenberg was not to protect Australian businesses from competition or disruption but to ensure they are paid fairly for original content. "The situation is urgent, with media companies suffering huge advertising declines because of the coronavirus pandemic". It could impose "substantial penalties" worth hundreds of millions of dollars on tech companies which fail to comply, he said. (more...)
- August 03, 2020
The motive, according to Treasurer Josh Frydenberg was not to protect Australian businesses from competition or disruption but to ensure they are paid fairly for original content. "The situation is urgent, with media companies suffering huge advertising declines because of the coronavirus pandemic". It could impose "substantial penalties" worth hundreds of millions of dollars on tech companies which fail to comply, he said. (more...)
Heathrow chief calls on United Kingdom government to introduce passenger Covid-19 tests
- August 02, 2020
The CEO of Europe's busiest airport John Holland-Kaye warned that the United Kingdom would be losing a game of global "quarantine roulette" if the government fails to take action. "There's not a silver bullet of just testing immediately at the border", said Culture Secretary Oliver Dowden. Experts have said a one-off test would not be effective as the virus can incubate for up to two weeks. (more...)
- August 02, 2020
The CEO of Europe's busiest airport John Holland-Kaye warned that the United Kingdom would be losing a game of global "quarantine roulette" if the government fails to take action. "There's not a silver bullet of just testing immediately at the border", said Culture Secretary Oliver Dowden. Experts have said a one-off test would not be effective as the virus can incubate for up to two weeks. (more...)
Nvidia in advanced talks to buy SoftBank's chip company Arm
- August 02, 2020
An alliance between Arm and Nvidia may create synergies by enhancing development capability. The silicon chip industry has been consolidating in recent years as companies seek to diversify and add scale. SoftBank has been rumored to be exploring a sale of ARM - the British chip designer that powers practically each main cell processor from firms like Qualcomm, Apple, Samsung, and Huawei - and now, it might need discovered a purchaser. (more...)
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- August 02, 2020
An alliance between Arm and Nvidia may create synergies by enhancing development capability. The silicon chip industry has been consolidating in recent years as companies seek to diversify and add scale. SoftBank has been rumored to be exploring a sale of ARM - the British chip designer that powers practically each main cell processor from firms like Qualcomm, Apple, Samsung, and Huawei - and now, it might need discovered a purchaser. (more...)
Tui to close 166 high street stores after 'changes in customer behaviour'
- August 02, 2020
The firm already announced plans to cut 8,000 jobs worldwide due to the coronavirus , which it described as "the greatest crisis" the travel industry has ever faced. TUI has not yet confirmed which store locations have been slated to be closed. COVID-19 has accelerated the change in purchasing habits, according to Flintham. (more...)
- August 02, 2020
The firm already announced plans to cut 8,000 jobs worldwide due to the coronavirus , which it described as "the greatest crisis" the travel industry has ever faced. TUI has not yet confirmed which store locations have been slated to be closed. COVID-19 has accelerated the change in purchasing habits, according to Flintham. (more...)
Amazon to invest $13.7b in satellite broadband plan
- August 02, 2020
The project will see Bezos pumping in more than $10 billion into a constellation of 3,236 satellites in an effort to provide "reliable, affordable broadband service to unserved and underserved communities around the world". "There are still too many areas where broadband access is unreliable or in which it will not exist in any way". The Kuiper system will be deployed in five phases, with service beginning once the first 578 satellites are launched. (more...)
- August 02, 2020
The project will see Bezos pumping in more than $10 billion into a constellation of 3,236 satellites in an effort to provide "reliable, affordable broadband service to unserved and underserved communities around the world". "There are still too many areas where broadband access is unreliable or in which it will not exist in any way". The Kuiper system will be deployed in five phases, with service beginning once the first 578 satellites are launched. (more...)
Airline giant IAG logs 3.8-bn-euro loss on virus
- August 02, 2020
The capital raise proposed by British Airways-owner IAG will give the airlines group "a very comfortable buffer", said its chief executive, who added that he would not be extending his tenure again. However, we strongly believe that now is the time to look to the future and strengthen IAG's financial and strategic position. "We have seen evidence that demand recovers when government restrictions are lifted", he said, adding that IAG had taken extra measures to reassure customers about ... (more...)
- August 02, 2020
The capital raise proposed by British Airways-owner IAG will give the airlines group "a very comfortable buffer", said its chief executive, who added that he would not be extending his tenure again. However, we strongly believe that now is the time to look to the future and strengthen IAG's financial and strategic position. "We have seen evidence that demand recovers when government restrictions are lifted", he said, adding that IAG had taken extra measures to reassure customers about ... (more...)
COVID-19 Stage 4 restrictions for Victoria but racing unchanged
- August 02, 2020
The virus has spread rapidly among vulnerable residents in aged-care centres, where government disaster relief teams have been deployed to replace infected staff. "The time for leniency, the time for warnings and cautions is over", Andrews said. Only those carrying out essential work, or seeking or providing care, will be allowed out. (more...)
- August 02, 2020
The virus has spread rapidly among vulnerable residents in aged-care centres, where government disaster relief teams have been deployed to replace infected staff. "The time for leniency, the time for warnings and cautions is over", Andrews said. Only those carrying out essential work, or seeking or providing care, will be allowed out. (more...)
Fed extends swap lines and warns of slowing USA economy
- August 02, 2020
Powell said that not all sectors of the economy were weakening, citing the housing sector as one bright spot. "The Fed is putting health again front and center in its statement, which is impactful and meaningful", said Nela Richardson, investment strategist at Edward Jones in St. (more...)
- August 02, 2020
Powell said that not all sectors of the economy were weakening, citing the housing sector as one bright spot. "The Fed is putting health again front and center in its statement, which is impactful and meaningful", said Nela Richardson, investment strategist at Edward Jones in St. (more...)
United States economy plunged a record 32.9% in the second quarter
- August 02, 2020
In the first quarter of this year, when the U.S. officially entered recession in February, the economy shrank 5 percent from the same period a year ago. "This moment has passed, it is true that after resisting (the virus) came the economic revival, and now we must focus on what the economic recovery means". (more...)
- August 02, 2020
In the first quarter of this year, when the U.S. officially entered recession in February, the economy shrank 5 percent from the same period a year ago. "This moment has passed, it is true that after resisting (the virus) came the economic revival, and now we must focus on what the economic recovery means". (more...)
More than 60 Utahns sick from onions linked to salmonella outbreak
- August 02, 2020
However, more information is needed "to determine the cause of the contamination in red onions imported from the U.S", according to the agency. Meanwhile, Sysco is recalling red onions imported from the US due to possible salmonella contamination. (more...)
- August 02, 2020
However, more information is needed "to determine the cause of the contamination in red onions imported from the U.S", according to the agency. Meanwhile, Sysco is recalling red onions imported from the US due to possible salmonella contamination. (more...)
Latest news
Deep Washington divide on coronavirus aid as jobless benefit to expire