Markets
GECDSB director says province's school reopening guidelines make sense
- June 20, 2020
The possibilities: schools operating relatively normally but with strict public health guidelines; schooling that is a hybrid of part-time classes and learning at home; or at-home learning, online as much as possible, if students chose that option or if schools close again because of COVID-19. (more...)
- June 20, 2020
The possibilities: schools operating relatively normally but with strict public health guidelines; schooling that is a hybrid of part-time classes and learning at home; or at-home learning, online as much as possible, if students chose that option or if schools close again because of COVID-19. (more...)
American Airlines passenger booted off two flights for refusing to wear mask
- June 20, 2020
Requests for comment were sent to Straka and have yet to be answered. Earlier this week, American Airlines announced that it was stepping up its enforcement of the mask rule as part of a broader effort by the trade group Airlines for America. (more...)
- June 20, 2020
Requests for comment were sent to Straka and have yet to be answered. Earlier this week, American Airlines announced that it was stepping up its enforcement of the mask rule as part of a broader effort by the trade group Airlines for America. (more...)
China-Africa Summit Important Solidarity Platform To Fight Coronavirus: WHO Chief
- June 20, 2020
This support would be managed by AfriExImBank in collaboration with its counterpart in China. President Uhuru Kenyatta was among African leaders who participated in an extra-ordinary China-Africa Summit on solidarity against COVID-19 pandemic. (more...)
- June 20, 2020
This support would be managed by AfriExImBank in collaboration with its counterpart in China. President Uhuru Kenyatta was among African leaders who participated in an extra-ordinary China-Africa Summit on solidarity against COVID-19 pandemic. (more...)
Australia Stocks fall on virus resurgence fears, dismal jobs data
- June 20, 2020
Australia-wide, unemployment was 7.1 per cent, seasonally adjusted, up 0.9 percentage points on April. And while the new job figures put the official unemployment rate at 16 per cent for young workers, economists say the true figure is much higher. (more...)
- June 20, 2020
Australia-wide, unemployment was 7.1 per cent, seasonally adjusted, up 0.9 percentage points on April. And while the new job figures put the official unemployment rate at 16 per cent for young workers, economists say the true figure is much higher. (more...)
Oil slumps as US crude stocks build amid virus resurgence fears
- June 19, 2020
In the latest monthly report by the Organization of Petroleum Exporting Countries, data showed that the cartel's 13 member states throttled output by 6.2 million barrels per day (bpd) last month. Backwardation occurs when near-term contracts are trading at higher prices than outer months, due to abnormal circumstances. Prices are showing "solidity at these levels, as oil markets ignore the concerns rolling across other asset classes at the moment", said Jeffrey Halley, senior market analyst ... (more...)
- June 19, 2020
In the latest monthly report by the Organization of Petroleum Exporting Countries, data showed that the cartel's 13 member states throttled output by 6.2 million barrels per day (bpd) last month. Backwardation occurs when near-term contracts are trading at higher prices than outer months, due to abnormal circumstances. Prices are showing "solidity at these levels, as oil markets ignore the concerns rolling across other asset classes at the moment", said Jeffrey Halley, senior market analyst ... (more...)
Ambani beats zero net-debt deadline with US$15b Jio flows
- June 19, 2020
Ambani also revealed his goal for the next five years, which is for Reliance to have "one of the strongest balance sheets in the world". It added that another Rs 53,124 crore was raised through a "rights issue". Jio Platforms is a wholly-owned subsidiary of RIL . "This investment will also enable us to generate significant long-term commercial returns for the benefit of Saudi Arabia's economy and our country's citizens, in line with our mandate to safeguard and grow the national wealth of ... (more...)
- June 19, 2020
Ambani also revealed his goal for the next five years, which is for Reliance to have "one of the strongest balance sheets in the world". It added that another Rs 53,124 crore was raised through a "rights issue". Jio Platforms is a wholly-owned subsidiary of RIL . "This investment will also enable us to generate significant long-term commercial returns for the benefit of Saudi Arabia's economy and our country's citizens, in line with our mandate to safeguard and grow the national wealth of ... (more...)
Nigeria's Inflation Rate Hits 25-month High At 12.4% In May
- June 19, 2020
The ONS admitted that it had difficulty compiling inflation statistics for May, since many areas of the economy were completely shut down. "Our forecasts also suggest that inflation likely does not head sharply lower from here, notably with oil prices having coming off their lows", says Clarke. (more...)
- June 19, 2020
The ONS admitted that it had difficulty compiling inflation statistics for May, since many areas of the economy were completely shut down. "Our forecasts also suggest that inflation likely does not head sharply lower from here, notably with oil prices having coming off their lows", says Clarke. (more...)
Zoom backtracks, says end-to-end encryption will be able to all users
- June 19, 2020
To make End to End Encryption (E2EE) possible, Free/Basic users seeking access to E2EE will be required to verify themselves via a phone number and a text message. An early beta of the E2EE feature is set to roll out in July of this year, with all Zoom users to continue working from the AES 256 GCM transport encryption standard in the meantime. (more...)
- June 19, 2020
To make End to End Encryption (E2EE) possible, Free/Basic users seeking access to E2EE will be required to verify themselves via a phone number and a text message. An early beta of the E2EE feature is set to roll out in July of this year, with all Zoom users to continue working from the AES 256 GCM transport encryption standard in the meantime. (more...)
Bank of England unveils another big stimulus for United Kingdom economy
- June 19, 2020
The Bank of England increased its bond-buying programme by a further £100 billion to bring it up to £745 billion in an effort to steer the economy away from its record coronavirus slump. It said the "recovery in demand and output was occurring sooner and materially faster than had been expected at the time of the previous MPC meeting". (more...)
- June 19, 2020
The Bank of England increased its bond-buying programme by a further £100 billion to bring it up to £745 billion in an effort to steer the economy away from its record coronavirus slump. It said the "recovery in demand and output was occurring sooner and materially faster than had been expected at the time of the previous MPC meeting". (more...)
Cream of Wheat's Black chef is next brand to come under review
- June 19, 2020
On Tuesday, PepsiCo Chairman, Ramon Laguarta, announced a $400 million grant for a set of initiatives over five years to lift up "Black communities and increase Black representation at PepsiCo". Butterworth's breakfast syrup, which features a woman as its brand face, is also considering making a similar concession. ConAgra Brands Inc. (NYSE: CAG ) is also reviewing its Mrs. (more...)
- June 19, 2020
On Tuesday, PepsiCo Chairman, Ramon Laguarta, announced a $400 million grant for a set of initiatives over five years to lift up "Black communities and increase Black representation at PepsiCo". Butterworth's breakfast syrup, which features a woman as its brand face, is also considering making a similar concession. ConAgra Brands Inc. (NYSE: CAG ) is also reviewing its Mrs. (more...)
New Unemployment Claims Top 1 Million for 13 Consecutive Weeks
- June 19, 2020
In a sign that Ohioans laid off during the viral outbreak are heading back to work, last week marked the seventh in a row in the state that continuing claims for unemployment benefits fell. The Pandemic Unemployment Assistance, a federal program for self-employed workers, independent contractors, and gig-economy workers ineligible for standard benefits, also added 760,526 new claims. (more...)
- June 19, 2020
In a sign that Ohioans laid off during the viral outbreak are heading back to work, last week marked the seventh in a row in the state that continuing claims for unemployment benefits fell. The Pandemic Unemployment Assistance, a federal program for self-employed workers, independent contractors, and gig-economy workers ineligible for standard benefits, also added 760,526 new claims. (more...)
Coronavirus: Qantas axes most overseas flights until October
- June 19, 2020
Lamb and sheep meat exporters were a particular concern, with fears "that an FTA could lead to a flooding of the United Kingdom market with New Zealand imports, which could have an adverse effect on United Kingdom businesses". Canada (via CPTPP, as per today, and in due course with a new specific UK-Canada deal) will also benefit from diversifying away from too high a dependence on the USA (which recent years have demonstrated only too clearly has rather different values and challenges from ... (more...)
- June 19, 2020
Lamb and sheep meat exporters were a particular concern, with fears "that an FTA could lead to a flooding of the United Kingdom market with New Zealand imports, which could have an adverse effect on United Kingdom businesses". Canada (via CPTPP, as per today, and in due course with a new specific UK-Canada deal) will also benefit from diversifying away from too high a dependence on the USA (which recent years have demonstrated only too clearly has rather different values and challenges from ... (more...)
Trump signs bill pressuring China over Uighur Muslim crackdown
- June 19, 2020
The Uighur Human Rights Act, which passed through Congress with near unanimous support, requires the USA administration to identify Chinese officials responsible for the "arbitrary detention, torture and harassment" of Uighurs and other minorities in Xinjiang. (more...)
- June 19, 2020
The Uighur Human Rights Act, which passed through Congress with near unanimous support, requires the USA administration to identify Chinese officials responsible for the "arbitrary detention, torture and harassment" of Uighurs and other minorities in Xinjiang. (more...)
Brexit: Germany urges European Union to plan for possible 'no deal 2.0' | Brexit
- June 17, 2020
Mr Johnson also said that there is "no reason" why a deal can not be struck by the end of next month. The British government and the European Union have agreed for negotiators David Frost and Michel Barnier to work on a compromise that would see the European Union step back from demanding permanent rights to access Britain's territorial waters on equal terms to the bloc's Common Fisheries Policy (CFP). (more...)
- June 17, 2020
Mr Johnson also said that there is "no reason" why a deal can not be struck by the end of next month. The British government and the European Union have agreed for negotiators David Frost and Michel Barnier to work on a compromise that would see the European Union step back from demanding permanent rights to access Britain's territorial waters on equal terms to the bloc's Common Fisheries Policy (CFP). (more...)
Inflation hits FOUR-YEAR low of just 0.5 per cent
- June 17, 2020
The lockdown of much of the economy due to Covid-19 has hampered the ONS's ability to collect prices- with 74 items or 14pc of the UK's inflation basket now unavailable. "Also, further central bank intervention is expected - the Bank of England is anticipated to add another £150bn of quantitative easing and hold rates at a record low of 0.1%". (more...)
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- June 17, 2020
The lockdown of much of the economy due to Covid-19 has hampered the ONS's ability to collect prices- with 74 items or 14pc of the UK's inflation basket now unavailable. "Also, further central bank intervention is expected - the Bank of England is anticipated to add another £150bn of quantitative easing and hold rates at a record low of 0.1%". (more...)
Airlines Say They Will Ramp Up Enforcement Of Face Covering Policies
- June 17, 2020
If passengers don't comply, carriers can implement their own consequences, which could include suspension of flying privileges. US airline passengers who refuse to wear facial coverings during the novel coronavirus pandemic could have their flying privileges revoked, the industry's main lobby group said on Monday. (more...)
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- June 17, 2020
If passengers don't comply, carriers can implement their own consequences, which could include suspension of flying privileges. US airline passengers who refuse to wear facial coverings during the novel coronavirus pandemic could have their flying privileges revoked, the industry's main lobby group said on Monday. (more...)
Tesla Model S Long Range Plus Earns EPA-Rated 400-Mile Range
- June 17, 2020
It would undeniably be interesting to see the capabilities of the Model 3 , and even Model Y, when fitted with the same 100 kWh battery pack Tesla has used in its Performance Model S and famed P100D. The automaker also increased the efficiency of its new drive units, replacing mechanically driven parts (like the motor's oil pump) with electric variants, and modifying its regenerative braking to return more energy to the battery pack. (more...)
- June 17, 2020
It would undeniably be interesting to see the capabilities of the Model 3 , and even Model Y, when fitted with the same 100 kWh battery pack Tesla has used in its Performance Model S and famed P100D. The automaker also increased the efficiency of its new drive units, replacing mechanically driven parts (like the motor's oil pump) with electric variants, and modifying its regenerative braking to return more energy to the battery pack. (more...)
Global oil demand could hit record rate next year, IEA warns
- June 17, 2020
The sharply lower demand projected in 2021 compared to the pre-COVID era of 2019 is "largely explained by the dire situation of the aviation sector", IEA notes, citing industry estimates that passenger traffic will still be down about 55%. USA shale producers are also reducing drilling in response to the collapse in oil demand. Nevertheless, the update from the US Energy Information Administration (EIA) showed field production of crude narrowing to 11,100K from 11,200K in the week ending ... (more...)
- June 17, 2020
The sharply lower demand projected in 2021 compared to the pre-COVID era of 2019 is "largely explained by the dire situation of the aviation sector", IEA notes, citing industry estimates that passenger traffic will still be down about 55%. USA shale producers are also reducing drilling in response to the collapse in oil demand. Nevertheless, the update from the US Energy Information Administration (EIA) showed field production of crude narrowing to 11,100K from 11,200K in the week ending ... (more...)
US retail sales rose to a record 17.7% in May
- June 17, 2020
And even though USA employers added 2.5 million jobs in May, economists say ongoing uncertainties about the public health crisis and the economy have make it hard to know for sure when consumers and businesses could return to levels of spending more common in the last few years. (more...)
- June 17, 2020
And even though USA employers added 2.5 million jobs in May, economists say ongoing uncertainties about the public health crisis and the economy have make it hard to know for sure when consumers and businesses could return to levels of spending more common in the last few years. (more...)
Beijing strengthens community prevention, control as COVID-19 cases reappear
- June 17, 2020
Beijing authorities on Tuesday warned a sudden resurgence of coronavirus in the city was "extremely serious", as they ordered more neighbourhoods of the Chinese capital into lockdown. China has so far recorded 84,378 cases with 4,638 deaths, while 79,489 patients have successfully recovered. He also said the agency may boost its country office team with more expertise in the coming days as the investigation develops. (more...)
- June 17, 2020
Beijing authorities on Tuesday warned a sudden resurgence of coronavirus in the city was "extremely serious", as they ordered more neighbourhoods of the Chinese capital into lockdown. China has so far recorded 84,378 cases with 4,638 deaths, while 79,489 patients have successfully recovered. He also said the agency may boost its country office team with more expertise in the coming days as the investigation develops. (more...)
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