Markets
Amazon will deploy 100,000 of these electric delivery vans by 2024
- September 23, 2019
Amazon will order 100,000 electric trucks from EV startup Rivian as part of the climate plan. "Amazon plans to have 10,000 of the new electric vehicles on the road as early as 2022 and all 100,000 vehicles on the road by 2030-saving 4 million metric tons of carbon per year by 2030", it said . (more...)
- September 23, 2019
Amazon will order 100,000 electric trucks from EV startup Rivian as part of the climate plan. "Amazon plans to have 10,000 of the new electric vehicles on the road as early as 2022 and all 100,000 vehicles on the road by 2030-saving 4 million metric tons of carbon per year by 2030", it said . (more...)
Despite Saudi Aramco turmoil, fresh global oil shock unlikely
- September 23, 2019
In the biggest single-day increase during the last one month, the price of petrol rose up by 35 paise and that of diesel by 28 paise a day ago. PTI reported that this is the biggest hike in six days period since daily price revision was introduced in 2017. (more...)
- September 23, 2019
In the biggest single-day increase during the last one month, the price of petrol rose up by 35 paise and that of diesel by 28 paise a day ago. PTI reported that this is the biggest hike in six days period since daily price revision was introduced in 2017. (more...)
Customers Already Feeling Pinch of "Thomas Cook Situation"
- September 23, 2019
A collapse could leave around 150,000 travelers from Britain stranded, along with tens of thousands of travelers from other countries. If you have booked a flight-only deal you will need to apply to your travel insurance company or credit card and debit card provider to seek a refund. (more...)
- September 23, 2019
A collapse could leave around 150,000 travelers from Britain stranded, along with tens of thousands of travelers from other countries. If you have booked a flight-only deal you will need to apply to your travel insurance company or credit card and debit card provider to seek a refund. (more...)
Travel company Thomas Cook on brink of collapse
- September 22, 2019
Iconic British travel firm Thomas Cook has failed to find further private investment to stave off collapse and is now relying on an unlikely government bailout, a source close the matter told AFP yesterday. "Negotiations with all key stakeholders are complex and ongoing". News of Thomas Cook's potential demise has sparked alarm not just across the holiday resorts and poolside bars where customers are using social media to get updates, but among its suppliers and future customers who are ... (more...)
- September 22, 2019
Iconic British travel firm Thomas Cook has failed to find further private investment to stave off collapse and is now relying on an unlikely government bailout, a source close the matter told AFP yesterday. "Negotiations with all key stakeholders are complex and ongoing". News of Thomas Cook's potential demise has sparked alarm not just across the holiday resorts and poolside bars where customers are using social media to get updates, but among its suppliers and future customers who are ... (more...)
PM meets religious communities; oil sector CEOs ahead of mega event
- September 22, 2019
PM Modi tweeted about the MoU and said, "Also witnessed the signing of MoU between Tellurian and Petronet LNG". The MoU with Petronet means that Driftwood Phase 1 is now two-thirds subscribed including Tellurian's marketing portion and Total with only 4 mtpa of partnership interest left to commit and it means we have the next piece of time line in place and can plan for start of construction after Petronet's documentation is complete by March 2020, she added. (more...)
- September 22, 2019
PM Modi tweeted about the MoU and said, "Also witnessed the signing of MoU between Tellurian and Petronet LNG". The MoU with Petronet means that Driftwood Phase 1 is now two-thirds subscribed including Tellurian's marketing portion and Total with only 4 mtpa of partnership interest left to commit and it means we have the next piece of time line in place and can plan for start of construction after Petronet's documentation is complete by March 2020, she added. (more...)
Fed's Clarida hails strong U.S. consumer but says risks remain
- September 22, 2019
St. Louis Fed president James Bullard also voted against the rate cut, but he did so, he said, because the central bank needed to be more aggressive than the 25 basis-point reduction in rates. However of their opposing dissents, Bullard and Rosengren confirmed the divergence in views. "Additional monetary stimulus is not needed for an economy where labor markets are already tight and risks further inflating the prices of risky assets and encouraging households and firms to take on too much ... (more...)
- September 22, 2019
St. Louis Fed president James Bullard also voted against the rate cut, but he did so, he said, because the central bank needed to be more aggressive than the 25 basis-point reduction in rates. However of their opposing dissents, Bullard and Rosengren confirmed the divergence in views. "Additional monetary stimulus is not needed for an economy where labor markets are already tight and risks further inflating the prices of risky assets and encouraging households and firms to take on too much ... (more...)
Rouhani: Iran will not allow border violation
- September 22, 2019
The United States on Friday imposed a new round of sanctions on Iran, some aimed at its central bank and sovereign wealth fund, following attacks on oil facilities in Saudi Arabia that Riyadh and USA officials have blamed on Iran. The United States on Friday imposed more sanctions, targeting the Central Bank of Iran, which was already under U.S. sanctions, the National Development Fund of Iran - the country's sovereign wealth fund - and an Iranian company that USA officials say is used to ... (more...)
- September 22, 2019
The United States on Friday imposed a new round of sanctions on Iran, some aimed at its central bank and sovereign wealth fund, following attacks on oil facilities in Saudi Arabia that Riyadh and USA officials have blamed on Iran. The United States on Friday imposed more sanctions, targeting the Central Bank of Iran, which was already under U.S. sanctions, the National Development Fund of Iran - the country's sovereign wealth fund - and an Iranian company that USA officials say is used to ... (more...)
Bank of England keeps rates steady, warns Brexit delay would hurt growth
- September 22, 2019
The BOE's response to any outcome "would depend on the balance of the effects of Brexit on demand, supply and the sterling exchange rate". "Brexit uncertainties have continued to weigh on business investment, although consumption growth has remained resilient, supported by continued growth in real household income". (more...)
- September 22, 2019
The BOE's response to any outcome "would depend on the balance of the effects of Brexit on demand, supply and the sterling exchange rate". "Brexit uncertainties have continued to weigh on business investment, although consumption growth has remained resilient, supported by continued growth in real household income". (more...)
Microsoft hikes dividend, launches $40B buyback
- September 22, 2019
Customers who are shareholders in the company as of November 21 will be eligible for the payout on December 12. Microsoft's repurchase announcement marked the third time the company has authorized such a major buyback plan, with the previous times having been in 2013 and 2016. (more...)
- September 22, 2019
Customers who are shareholders in the company as of November 21 will be eligible for the payout on December 12. Microsoft's repurchase announcement marked the third time the company has authorized such a major buyback plan, with the previous times having been in 2013 and 2016. (more...)
Delta flight makes emergency landing in Fla. after plunging 30,000 feet
- September 22, 2019
Flight 2353 from Atlanta to Castle Lauderdale "diverted to Tampa out of an abundance of warning and landed without incident following a cabin pressurization irregularity en route", a Delta spokesperson said in a commentary received by WFTS . (more...)
- September 22, 2019
Flight 2353 from Atlanta to Castle Lauderdale "diverted to Tampa out of an abundance of warning and landed without incident following a cabin pressurization irregularity en route", a Delta spokesperson said in a commentary received by WFTS . (more...)
Burger King's UK Arm Gives Up on Plastic Toys in Kid's Meals
- September 22, 2019
The UK arm of fast food chain Burger King is getting rid of plastic toys from kid's meals with the aim of reducing the company's environment impact in the country. "It's important we understand what our customers want and we'll learn a lot from whether they choose a fruit bag or a book over a toy". "At the same time, we will be evolving what the toy or gift is - new authors as part of Happy Readers, paper-based toys and board games". (more...)
- September 22, 2019
The UK arm of fast food chain Burger King is getting rid of plastic toys from kid's meals with the aim of reducing the company's environment impact in the country. "It's important we understand what our customers want and we'll learn a lot from whether they choose a fruit bag or a book over a toy". "At the same time, we will be evolving what the toy or gift is - new authors as part of Happy Readers, paper-based toys and board games". (more...)
Climate change: Firms make green energy vows as call for action grow
- September 22, 2019
Google just declared a record in corporate renewables by announcing the largest procurement deal. Internet giant Google has announced a massive 1.6GW renewable energy buy-up, comprising 18 mostly solar off-take deals that will double the capacity of the company's global solar portfolio to date and boost its entire renewable energy portfolio to 5.5GW. (more...)
- September 22, 2019
Google just declared a record in corporate renewables by announcing the largest procurement deal. Internet giant Google has announced a massive 1.6GW renewable energy buy-up, comprising 18 mostly solar off-take deals that will double the capacity of the company's global solar portfolio to date and boost its entire renewable energy portfolio to 5.5GW. (more...)
Facebook Suspends Thousands of Apps in Response to Cambridge Analytica Row
- September 22, 2019
Facebook didn't provide a list of the apps that were suspended. The company said numerous suspended apps, which were tied to 400 developers, were still being tested and weren't live when they were suspended. Facebook, however, argued it is not required to identify any of them on grounds it is "protected attorney work product", the attorney general contends. (more...)
- September 22, 2019
Facebook didn't provide a list of the apps that were suspended. The company said numerous suspended apps, which were tied to 400 developers, were still being tested and weren't live when they were suspended. Facebook, however, argued it is not required to identify any of them on grounds it is "protected attorney work product", the attorney general contends. (more...)
Airbnb announces it will go public next year after WeWork delays IPO
- September 21, 2019
Airbnb did not clarify whether it has confidentially filed its S-1 IPO paperwork, which would include financial information for potential investors to consider. Airbnb has more than 7 million listings in 100,000 cities worldwide. As of 15 September 2019, hosts have earned more than $80bn sharing their homes and spaces on Airbnb , the company says . (more...)
- September 21, 2019
Airbnb did not clarify whether it has confidentially filed its S-1 IPO paperwork, which would include financial information for potential investors to consider. Airbnb has more than 7 million listings in 100,000 cities worldwide. As of 15 September 2019, hosts have earned more than $80bn sharing their homes and spaces on Airbnb , the company says . (more...)
Students Across the World Walk Out of Classes in Global Climate Strike
- September 21, 2019
People demonstrate with placards during the Global Climate Strike at Raadhuspladsen in Copenhagen, Denmark. Inspired by 16-year-old Greta Thunberg's protests outside the Swedish parliament, young people around the world are waging a week of Global Climate Strikes surrounding the UN's Climate Action Summit on September 23. (more...)
- September 21, 2019
People demonstrate with placards during the Global Climate Strike at Raadhuspladsen in Copenhagen, Denmark. Inspired by 16-year-old Greta Thunberg's protests outside the Swedish parliament, young people around the world are waging a week of Global Climate Strikes surrounding the UN's Climate Action Summit on September 23. (more...)
Britain's Thomas Cook scrambles for $251-million to avert collapse
- September 21, 2019
A source close to the discussions said on Thursday that Royal Bank of Scotland (RBS) had hit Thomas Cook with a last minute demand for the extra funding, adding that the situation "was becoming more critical". Founded in 1841, Thomas Cook has struggled in recent years under intense competition in popular destinations, high debt levels and an unusually hot summer in 2018 which reduced last-minute overseas bookings. (more...)
- September 21, 2019
A source close to the discussions said on Thursday that Royal Bank of Scotland (RBS) had hit Thomas Cook with a last minute demand for the extra funding, adding that the situation "was becoming more critical". Founded in 1841, Thomas Cook has struggled in recent years under intense competition in popular destinations, high debt levels and an unusually hot summer in 2018 which reduced last-minute overseas bookings. (more...)
India cuts corporate tax in R300 billion boost to growth
- September 21, 2019
The GST on caffeinated beverages has, however, been increased from 18 per cent to 28 per cent plus an additional 12 per cent cess. Union Finance Minister Nirmala Sitharaman chairs the 37th council meeting of the Goods and Services Council (GST) in Goa on Sep 20, 2019. (more...)
- September 21, 2019
The GST on caffeinated beverages has, however, been increased from 18 per cent to 28 per cent plus an additional 12 per cent cess. Union Finance Minister Nirmala Sitharaman chairs the 37th council meeting of the Goods and Services Council (GST) in Goa on Sep 20, 2019. (more...)
Hopes for trade breakthrough fade as China cancels United States farm visits
- September 21, 2019
Grain and soybean futures on the Chicago Board of Trade and livestock futures on the Chicago Mercantile Exchange also slumped as hopes faded that China would accelerate purchases of US farm goods such as soybeans and pork. Investor focus earlier this week was on Federal Reserve action on monetary policy. "One of the factors behind that is that the Fed continues to baffle investors". (more...)
- September 21, 2019
Grain and soybean futures on the Chicago Board of Trade and livestock futures on the Chicago Mercantile Exchange also slumped as hopes faded that China would accelerate purchases of US farm goods such as soybeans and pork. Investor focus earlier this week was on Federal Reserve action on monetary policy. "One of the factors behind that is that the Fed continues to baffle investors". (more...)
Mitsubishi Corp unit loses US$ 320 mn in unauthorised trades
- September 21, 2019
Mitsubishi Corp said the derivatives position was quickly closed and investigations were carried out at the subsidiary and other group companies and in-house departments involved in derivatives trading. A long-time trader in the regional market told Reuters: "It is a bit surprising (because) in the Japanese houses, there are a lot of checks and double-checks, but I am not sure what automated compliance systems there are, or if they have any". (more...)
- September 21, 2019
Mitsubishi Corp said the derivatives position was quickly closed and investigations were carried out at the subsidiary and other group companies and in-house departments involved in derivatives trading. A long-time trader in the regional market told Reuters: "It is a bit surprising (because) in the Japanese houses, there are a lot of checks and double-checks, but I am not sure what automated compliance systems there are, or if they have any". (more...)
US & China trade: Who is "winning?"
- September 21, 2019
With high-level talks due to restart in Washington early next month, Trump's decision marked the third time since August that the United States has delayed or removed tariffs on Chinese imports ahead of the year-end shopping season. Trump says voters understand the "spat" between the USA and China and insist the ongoing trade war won't hamper his reelection chances. In granting some hardship exemptions to its tariffs, the Trump administration is tacitly acknowledging that these ... (more...)
- September 21, 2019
With high-level talks due to restart in Washington early next month, Trump's decision marked the third time since August that the United States has delayed or removed tariffs on Chinese imports ahead of the year-end shopping season. Trump says voters understand the "spat" between the USA and China and insist the ongoing trade war won't hamper his reelection chances. In granting some hardship exemptions to its tariffs, the Trump administration is tacitly acknowledging that these ... (more...)
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