Markets
European regulators open competition probe into Apple Pay
- June 16, 2020
It's also "important that Apple's measures do not deny consumers the benefits of new payment technologies, including better choice, quality, innovation and competitive prices", she said. The largest USA technology companies are being investigated by antitrust regulators, and Apple has been criticized in recent years for exerting too much power over outside developers that rely on its App Store. (more...)
- June 16, 2020
It's also "important that Apple's measures do not deny consumers the benefits of new payment technologies, including better choice, quality, innovation and competitive prices", she said. The largest USA technology companies are being investigated by antitrust regulators, and Apple has been criticized in recent years for exerting too much power over outside developers that rely on its App Store. (more...)
Twitter will make Juneteenth a company party — George Floyd
- June 16, 2020
Juneteenth is observed by several African-Us citizens on 19 June each and every yr to mark the emancipation from slavery in the US. It dates back to June 19, 1865 - two and a half years after the Emancipation Proclamation - when Union soldiers arrived in Galveston, Texas, with news that the Civil War was over and that enslaved people were now free. (more...)
- June 16, 2020
Juneteenth is observed by several African-Us citizens on 19 June each and every yr to mark the emancipation from slavery in the US. It dates back to June 19, 1865 - two and a half years after the Emancipation Proclamation - when Union soldiers arrived in Galveston, Texas, with news that the Civil War was over and that enslaved people were now free. (more...)
EasyJet resumes flying with COVID-19 measures in place
- June 16, 2020
The British carrier resumed a small number of mainly domestic flights after weeks of lockdown. The first flight from the United Kingdom took off from London Gatwick at 07:00 this morning for Glasgow. This is the same destination the airline first flew to when easyJet first launched operations in November 1995. The Airbus A321neo - easyJet's largest aircraft - can seat 235 passengers. (more...)
- June 16, 2020
The British carrier resumed a small number of mainly domestic flights after weeks of lockdown. The first flight from the United Kingdom took off from London Gatwick at 07:00 this morning for Glasgow. This is the same destination the airline first flew to when easyJet first launched operations in November 1995. The Airbus A321neo - easyJet's largest aircraft - can seat 235 passengers. (more...)
Petrol price adjusted by Sh5.77 per litre
- June 16, 2020
The regulator however spared diesel and kerosene users, after it lowered the prices of the commodities by Sh3.80 and Sh17.31 per litre, respectively. "The computation of the pump prices has taken into account the changes effected by the tax laws amendment act 2020 that made taxes and duties part of the vatable amount in the calculation of VAT for petroleum fuels", said Pavel Oimeke, Director General Energy and Petroleum Regulatory Authority. (more...)
- June 16, 2020
The regulator however spared diesel and kerosene users, after it lowered the prices of the commodities by Sh3.80 and Sh17.31 per litre, respectively. "The computation of the pump prices has taken into account the changes effected by the tax laws amendment act 2020 that made taxes and duties part of the vatable amount in the calculation of VAT for petroleum fuels", said Pavel Oimeke, Director General Energy and Petroleum Regulatory Authority. (more...)
EU To Investigate Apple's App Store, Apple Pay
- June 16, 2020
The EU said its investigation will also look on Apple's requirement that app developers must use its own proprietary in-app purchase system, as well as restrictions on developers to inform users of cheaper alternatives. "It is important that Apple's measures do not deny consumers the benefits of new payment technologies, including better choice, quality, innovation and competitive prices", she continued. (more...)
- June 16, 2020
The EU said its investigation will also look on Apple's requirement that app developers must use its own proprietary in-app purchase system, as well as restrictions on developers to inform users of cheaper alternatives. "It is important that Apple's measures do not deny consumers the benefits of new payment technologies, including better choice, quality, innovation and competitive prices", she continued. (more...)
New US-market Nissan Rogue revealed, previewing 2021 X-Trail
- June 16, 2020
The lower SV trim gets leatherette upholstery, and the base S trim gets cloth. The standard instrument cluster features analog gauges and a 7.0-inch screen but can be swapped out for a fully digital system with a 12.3-inch screen. It can remain active at a stop for longer (30 seconds vs. 3), too. The system uses traffic sign recognition to set cruise speed and can adjust itself up and down accordingly. (more...)
- June 16, 2020
The lower SV trim gets leatherette upholstery, and the base S trim gets cloth. The standard instrument cluster features analog gauges and a 7.0-inch screen but can be swapped out for a fully digital system with a 12.3-inch screen. It can remain active at a stop for longer (30 seconds vs. 3), too. The system uses traffic sign recognition to set cruise speed and can adjust itself up and down accordingly. (more...)
Stocks Rebound Amid Coronavirus Outbreaks In Beijing And U.S
- June 16, 2020
In Europe, the pan-continental Stoxx Europe 600 dropped 1.1%. "People are fearful about new cases rising, but at some point when you move 45% off the lows in such a short period of time, any excuse will do to have a nice consolidation of the gains", said Thomas Hayes, managing member at Great Hill Capital Llc in NY. (more...)
- June 16, 2020
In Europe, the pan-continental Stoxx Europe 600 dropped 1.1%. "People are fearful about new cases rising, but at some point when you move 45% off the lows in such a short period of time, any excuse will do to have a nice consolidation of the gains", said Thomas Hayes, managing member at Great Hill Capital Llc in NY. (more...)
Feds looking to extend CERB payments past July
- June 16, 2020
People can only claim the benefit for 16 weeks - four eligibility periods - and the end of the program's fourth eligibility period is early July. The announcement was in part an overture to the opposition New Democrat Party, whose leader Jagmeet Singh said he would not support a confidence vote in parliament on Wednesday if the CERB were not extended. (more...)
- June 16, 2020
People can only claim the benefit for 16 weeks - four eligibility periods - and the end of the program's fourth eligibility period is early July. The announcement was in part an overture to the opposition New Democrat Party, whose leader Jagmeet Singh said he would not support a confidence vote in parliament on Wednesday if the CERB were not extended. (more...)
Amazon Antitrust Investigations Mount With Addition Of Two More State Probes
- June 16, 2020
Meanwhile the European Union is reportedly getting ready to file formal antitrust charges against Amazon following its investigation into similar allegations. Bezos has never testified in front of Congress, and while Amazon never provided a reason why it wasn't offering Bezos to testify, the spectacle of the richest man in the world being grilled on Amazon business operations has no upside. (more...)
- June 16, 2020
Meanwhile the European Union is reportedly getting ready to file formal antitrust charges against Amazon following its investigation into similar allegations. Bezos has never testified in front of Congress, and while Amazon never provided a reason why it wasn't offering Bezos to testify, the spectacle of the richest man in the world being grilled on Amazon business operations has no upside. (more...)
United Kingdom confirms it will not extend Brexit transition period
- June 15, 2020
Mr Gove said Brexit would happen on 1 January 2021. "We are looking to agree a high quality free-trade agreement based on the agreements the European Union has already reached with other countries, but whatever happens we will be ready for 1 January when we will take back control of our laws, border and money", a Downing Street spokesman, according to PA. (more...)
- June 15, 2020
Mr Gove said Brexit would happen on 1 January 2021. "We are looking to agree a high quality free-trade agreement based on the agreements the European Union has already reached with other countries, but whatever happens we will be ready for 1 January when we will take back control of our laws, border and money", a Downing Street spokesman, according to PA. (more...)
Oil slumps further amid prospect of resurgence of coronavirus
- June 15, 2020
The threat of a protracted recovery may put pressure on OPEC and its allies to cap production throughout 2020, and the group may take further steps to rebalance the energy market as the most recent Monthly Oil Market Report (MOMR) warns that "in 2020, world oil demand growth isadjusted lower by 2.23 mb/d and is now forecast to drop by 9.07 mb/d". (more...)
- June 15, 2020
The threat of a protracted recovery may put pressure on OPEC and its allies to cap production throughout 2020, and the group may take further steps to rebalance the energy market as the most recent Monthly Oil Market Report (MOMR) warns that "in 2020, world oil demand growth isadjusted lower by 2.23 mb/d and is now forecast to drop by 9.07 mb/d". (more...)
Economy shrank by a fifth in April as lockdown took hold
- June 15, 2020
Both readings were below the already unprecedentedly weak forecasts in a Reuters poll of economists. "This is catastrophic, literally on a scale never seen before in history", Paul Johnson, director of the Institute for Fiscal Studies think tank, said. (more...)
- June 15, 2020
Both readings were below the already unprecedentedly weak forecasts in a Reuters poll of economists. "This is catastrophic, literally on a scale never seen before in history", Paul Johnson, director of the Institute for Fiscal Studies think tank, said. (more...)
Band-Aid launching bandages in ranging skin tones to promote inclusivity
- June 15, 2020
This week, the plaster brand, which is owned by Johnson & Johnson , shared a photo of the new bandages on Instagram, where it wrote: "We hear you". "We are excited to bring back a similar product with improved comfort and flexibility", the spokesperson said in a statement. The bandages will come in light, olive, and darker shades of brown and black tones, to reflect the diversity of consumers who need bandages. (more...)
- June 15, 2020
This week, the plaster brand, which is owned by Johnson & Johnson , shared a photo of the new bandages on Instagram, where it wrote: "We hear you". "We are excited to bring back a similar product with improved comfort and flexibility", the spokesperson said in a statement. The bandages will come in light, olive, and darker shades of brown and black tones, to reflect the diversity of consumers who need bandages. (more...)
New COVID-19 cases, deaths hit multi-month lows in PA
- June 15, 2020
We are going to continue to publish consistent information from a consistent source. Ghaly iterates these case increases we're seeing are because of widespread testing efforts and not related to community spread. The health department says it has received over 57,328 test results so far. The state has tested more than 250,000 specimens."And naturally we did expect we'd see more cases as people became more socially engaged after the reopening". (more...)
- June 15, 2020
We are going to continue to publish consistent information from a consistent source. Ghaly iterates these case increases we're seeing are because of widespread testing efforts and not related to community spread. The health department says it has received over 57,328 test results so far. The state has tested more than 250,000 specimens."And naturally we did expect we'd see more cases as people became more socially engaged after the reopening". (more...)
MPs: Behaviour of British Airways towards workers a 'national disgrace'
- June 15, 2020
BA said it was "surprised" it had been singled out given other airline redundancies. The report also urged the Government to axe its controversial 14-day quarantine for all arrivals from overseas as BA, easyJet and Ryanair launched legal action to halt the "flawed" policy. (more...)
- June 15, 2020
BA said it was "surprised" it had been singled out given other airline redundancies. The report also urged the Government to axe its controversial 14-day quarantine for all arrivals from overseas as BA, easyJet and Ryanair launched legal action to halt the "flawed" policy. (more...)
Oil Price Recovery to Linger as US Crude Output Continues to Contract
- June 15, 2020
While the fall in the oil market was evident, some independent analysts believe that it was a result of a speculation and market panic considering the sharp build up in the USA commercial inventory, and the long-term prospect of oil would depend upon the demand from China and many other oil-consuming nations. (more...)
- June 15, 2020
While the fall in the oil market was evident, some independent analysts believe that it was a result of a speculation and market panic considering the sharp build up in the USA commercial inventory, and the long-term prospect of oil would depend upon the demand from China and many other oil-consuming nations. (more...)
Four EU countries sign deal with pharma giant for Covid-19 vaccine
- June 15, 2020
German government sources informed AFP that a vaccine could be successfully competed by the end of the year. The German Ministry of Health said the deal means that a vaccine will be supplied to all European Union member states as soon as it is approved. (more...)
- June 15, 2020
German government sources informed AFP that a vaccine could be successfully competed by the end of the year. The German Ministry of Health said the deal means that a vaccine will be supplied to all European Union member states as soon as it is approved. (more...)
Finance minister says Britain to urgently review distancing rule
- June 14, 2020
The UK government has said that is conducting an urgent review of two-meter coronavirus social distancing rules, in what could be a major boost for film and TV production restart plans. Mr Sunak acknowledged many people would be "anxious" at the prospect of going out shopping again after nearly three months in lockdown but he said measures had been put in place to ensure public safety. (more...)
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- June 14, 2020
The UK government has said that is conducting an urgent review of two-meter coronavirus social distancing rules, in what could be a major boost for film and TV production restart plans. Mr Sunak acknowledged many people would be "anxious" at the prospect of going out shopping again after nearly three months in lockdown but he said measures had been put in place to ensure public safety. (more...)
Band-Aid adds line of bandage colors to represent different skin tones
- June 14, 2020
In addition to the additions to their product line, Band-Aid said it will donate to Black Lives Matter in an attempt to help fight racial inequality in the U.S. "The new Band-Aids will launch in 2021 in the company's "most popular style, flexible fabric". "We are excited to bring back a similar product with improved comfort and flexibility", the spokesperson said in a statement. (more...)
- June 14, 2020
In addition to the additions to their product line, Band-Aid said it will donate to Black Lives Matter in an attempt to help fight racial inequality in the U.S. "The new Band-Aids will launch in 2021 in the company's "most popular style, flexible fabric". "We are excited to bring back a similar product with improved comfort and flexibility", the spokesperson said in a statement. (more...)
Assad sacks prime minister amid deepening financial crisis
- June 14, 2020
Engineer Hussein Arnous, public works minister, has been appointed as his replacement. Government-friendly media did not report on the gathering, but SANA, the state news agency, did cover "counter-protests" in the same city which, according to the outlet, were pro-Assad and against U.S. (more...)
- June 14, 2020
Engineer Hussein Arnous, public works minister, has been appointed as his replacement. Government-friendly media did not report on the gathering, but SANA, the state news agency, did cover "counter-protests" in the same city which, according to the outlet, were pro-Assad and against U.S. (more...)
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United Kingdom imposes mandatory COVID-19 tests for worldwide travellers amid virus surge