Markets
Brazil suspends WhatsApp digital payments
- June 25, 2020
Shares in Brazilian payments company Cielo SA plunged nearly 10% on Wednesday, a day after the nation's central bank and anti-trust regulator effectively blocked the launch of a new system that would allow WhatsApp users to send money via chats. (more...)
- June 25, 2020
Shares in Brazilian payments company Cielo SA plunged nearly 10% on Wednesday, a day after the nation's central bank and anti-trust regulator effectively blocked the launch of a new system that would allow WhatsApp users to send money via chats. (more...)
Disney+ sets date for eight Euro launches
- June 25, 2020
In Portugal, Belgium, Finland, Iceland and Luxembourg , the service will cost €6.99 ($7.87) monthly or €69.99 ($78.84) annually. "In late March, as planned and despite COVID-19, we had an incredibly successful launch of Disney + in Western Europe, followed by a highly successful launch in India". (more...)
- June 25, 2020
In Portugal, Belgium, Finland, Iceland and Luxembourg , the service will cost €6.99 ($7.87) monthly or €69.99 ($78.84) annually. "In late March, as planned and despite COVID-19, we had an incredibly successful launch of Disney + in Western Europe, followed by a highly successful launch in India". (more...)
Diesel Now Costlier Than Petrol in Delhi
- June 25, 2020
As per the official data from Indian Oil Corporation Limited, petrol prices in Delhi are Rs 79.76/ litre and the diesel prices are Rs 79.88/ litre. The gap in prices was upto Rs 32 across the country in 2012. Oil companies had quickly recouped the Re 1 and the government in July 2019 raised excise duty by Rs 2 a litre. (more...)
- June 25, 2020
As per the official data from Indian Oil Corporation Limited, petrol prices in Delhi are Rs 79.76/ litre and the diesel prices are Rs 79.88/ litre. The gap in prices was upto Rs 32 across the country in 2012. Oil companies had quickly recouped the Re 1 and the government in July 2019 raised excise duty by Rs 2 a litre. (more...)
ABC occupation cuts: Australian community broadcaster to drop 250 employees
- June 25, 2020
As part of its plan, the ABC will also axe its 7.45am broadcast-only radio news bulletin and instead provide news across all its audio platforms. In an article on the ABC , the national broadcaster quoted managing director, David Anderson , who said the redundancies would affect every division across the ABC. (more...)
- June 25, 2020
As part of its plan, the ABC will also axe its 7.45am broadcast-only radio news bulletin and instead provide news across all its audio platforms. In an article on the ABC , the national broadcaster quoted managing director, David Anderson , who said the redundancies would affect every division across the ABC. (more...)
Tesla places last in USA quality study
- June 25, 2020
Power 2020 Vehicle Dependability Study (VDS) as well as #2 brand in the annual Consumer Reports 2020 Report Card rankings. The top brands, Dodge and Kia, had "just" 136 problems. Power Initial Quality Study are in and it's not great news for Tesla. This marks the first time in the study's history that FCA outperformed the industry average. (more...)
- June 25, 2020
Power 2020 Vehicle Dependability Study (VDS) as well as #2 brand in the annual Consumer Reports 2020 Report Card rankings. The top brands, Dodge and Kia, had "just" 136 problems. Power Initial Quality Study are in and it's not great news for Tesla. This marks the first time in the study's history that FCA outperformed the industry average. (more...)
Canada loses AAA rating as Fitch flags high debt level
- June 25, 2020
Moody's and S&P still have top ratings. Canada would run a much expanded general government deficit of 16.1% of GDP in 2020 and emerge from recession with much higher public debt ratios, Fitch said. "A worse case scenario for Canadians and the economy would have been to not act", said Finance Minister Bill Morneau in a statement to Reuters. "Canada entered the pandemic in a weakened and vulnerable position because Trudeau spent the cupboards bare when times were good", Scheer said on ... (more...)
- June 25, 2020
Moody's and S&P still have top ratings. Canada would run a much expanded general government deficit of 16.1% of GDP in 2020 and emerge from recession with much higher public debt ratios, Fitch said. "A worse case scenario for Canadians and the economy would have been to not act", said Finance Minister Bill Morneau in a statement to Reuters. "Canada entered the pandemic in a weakened and vulnerable position because Trudeau spent the cupboards bare when times were good", Scheer said on ... (more...)
White House adviser Navarro walks back comments China trade deal ‘over’
- June 25, 2020
Trump also tweeted Monday evening, "The China Trade Deal is fully intact ". "Trying to say that we created the virus not them, and trying to basically say that their authoritarian system that is better than ours". -China trade negotiations lasted more than two years, heaped tariffs on $370 billion of Chinese products, whipsawed financial markets and dented global growth well before the coronavirus outbreak triggered a worldwide recession. (more...)
- June 25, 2020
Trump also tweeted Monday evening, "The China Trade Deal is fully intact ". "Trying to say that we created the virus not them, and trying to basically say that their authoritarian system that is better than ours". -China trade negotiations lasted more than two years, heaped tariffs on $370 billion of Chinese products, whipsawed financial markets and dented global growth well before the coronavirus outbreak triggered a worldwide recession. (more...)
New WhatsApp payments system halted a week after launch
- June 25, 2020
According to a report from Bloomberg , authorities paused WhatsApp's payment feature in an effort to 'preserve an adequate competitive environment, that ensures the functioning of a payment system that's interchangeable, fast, secure, transparent, open and cheap '. (more...)
- June 25, 2020
According to a report from Bloomberg , authorities paused WhatsApp's payment feature in an effort to 'preserve an adequate competitive environment, that ensures the functioning of a payment system that's interchangeable, fast, secure, transparent, open and cheap '. (more...)
Bayer to pay up to $10.9 billion to settle Monsanto case
- June 25, 2020
Weitz & Luxenberg, a NY law firm that represents some of the plaintiffs, signaled acceptance of the settlement. Bayer says a settlement worth more than $10 billion will resolve most of the roughly 125,000 claims the company now faces over its Roundup product. (more...)
- June 25, 2020
Weitz & Luxenberg, a NY law firm that represents some of the plaintiffs, signaled acceptance of the settlement. Bayer says a settlement worth more than $10 billion will resolve most of the roughly 125,000 claims the company now faces over its Roundup product. (more...)
Gold hovers near 7-1/2 year high on stimulus boost
- June 25, 2020
Futures rallied to just shy of the level last seen at the end of 2011, the year bullion notched its all-time high, as cases of Covid-19 climb from Tokyo to Germany. Other precious metals fell, with silver declining 0.9% to $17.79 per ounce. He aslo said that he would consider a further delay of the tax filing deadline. (more...)
- June 25, 2020
Futures rallied to just shy of the level last seen at the end of 2011, the year bullion notched its all-time high, as cases of Covid-19 climb from Tokyo to Germany. Other precious metals fell, with silver declining 0.9% to $17.79 per ounce. He aslo said that he would consider a further delay of the tax filing deadline. (more...)
Japanese supercomputer rated world's fastest
- June 24, 2020
The list of the fastest 500 supercomputers in the world just got updated again, and there's a new number one: the Fugaku supercomputer built by the RIKEN Institute and the Fujitsu tech company in Japan . The team also improved the energy efficiency of Fugaku, which has a 100 times higher performance than its predecessor and yet only two to three times greater power consumption than the K computer. (more...)
- June 24, 2020
The list of the fastest 500 supercomputers in the world just got updated again, and there's a new number one: the Fugaku supercomputer built by the RIKEN Institute and the Fujitsu tech company in Japan . The team also improved the energy efficiency of Fugaku, which has a 100 times higher performance than its predecessor and yet only two to three times greater power consumption than the K computer. (more...)
Coronavirus: IMF warns United Kingdom economy will shrink 10.2% this year
- June 24, 2020
Where lockdowns are needed, it said, economic policy must continue to cushion income losses, and where economies are reopening, more targeted support should be gradually unwound. Latin American economies, where infections are still rising, saw some of the largest downgrades, with Brazil's economy now expected to shrink 9.1 per cent and Mexico's 10.5 per cent and Argentina's 9.9 per cent in 2020. (more...)
- June 24, 2020
Where lockdowns are needed, it said, economic policy must continue to cushion income losses, and where economies are reopening, more targeted support should be gradually unwound. Latin American economies, where infections are still rising, saw some of the largest downgrades, with Brazil's economy now expected to shrink 9.1 per cent and Mexico's 10.5 per cent and Argentina's 9.9 per cent in 2020. (more...)
Gen 2021 Kia Carnival Revealed Officially With Upgraded Design
- June 24, 2020
The more prominent criss-cross grille is definitely peculiar and is embellished in chrome surrounds while the headlamps are sleeker than before and integrate beautifully into the design. Expect it to carry over the 2.2-litre diesel for select markets. Additionally, a turbocharged 1.6-liter four-cylinder with an electric motor and a 1.5 kWh lithium-ion battery pack producing a total of 227 hp and 258 lb-ft (350 Nm) is expected. (more...)
- June 24, 2020
The more prominent criss-cross grille is definitely peculiar and is embellished in chrome surrounds while the headlamps are sleeker than before and integrate beautifully into the design. Expect it to carry over the 2.2-litre diesel for select markets. Additionally, a turbocharged 1.6-liter four-cylinder with an electric motor and a 1.5 kWh lithium-ion battery pack producing a total of 227 hp and 258 lb-ft (350 Nm) is expected. (more...)
Nestlé to rename Red Skins and Chicos lolly products
- June 24, 2020
In a statement released Tuesday. the candy company said it'll do away with the "Red Skins" name because it's straight up "out of step with Nestle's values ". Locally, Queensland senator Matt Canavan weighed in on Nestle's decision, saying he was "disappointed" by the move. There have also been calls for Colonial Brewing Company, an Australian beer brand, to be renamed. (more...)
- June 24, 2020
In a statement released Tuesday. the candy company said it'll do away with the "Red Skins" name because it's straight up "out of step with Nestle's values ". Locally, Queensland senator Matt Canavan weighed in on Nestle's decision, saying he was "disappointed" by the move. There have also been calls for Colonial Brewing Company, an Australian beer brand, to be renamed. (more...)
FDA warns public of 9 possibly toxic brands of hand sanitizers
- June 24, 2020
The FDA tested samples of Lavar Gel and CleanCare No Germ. The toxic effects of methanol poisoning include nausea, vomiting, headache , blurred vision, permanent blindness, seizures, coma, permanent damage to the nervous system or death. (more...)
- June 24, 2020
The FDA tested samples of Lavar Gel and CleanCare No Germ. The toxic effects of methanol poisoning include nausea, vomiting, headache , blurred vision, permanent blindness, seizures, coma, permanent damage to the nervous system or death. (more...)
US Index Futures Fall as Increasing Infections Sap Risk Demand
- June 24, 2020
That's led traders to bid up stocks in technology companies that offer services online, a thriving conduit of commerce through the outbreak. Banks, health care stocks and companies that rely on consumer spending were among the big gainers. The yield on the 10-year Treasury note held steady at 0.70% after falling earlier in the day. But investors largely shrugged off these worries on Monday, which came as New York City moved to a new phase of reopening after suffering the worst Covid-19 ... (more...)
- June 24, 2020
That's led traders to bid up stocks in technology companies that offer services online, a thriving conduit of commerce through the outbreak. Banks, health care stocks and companies that rely on consumer spending were among the big gainers. The yield on the 10-year Treasury note held steady at 0.70% after falling earlier in the day. But investors largely shrugged off these worries on Monday, which came as New York City moved to a new phase of reopening after suffering the worst Covid-19 ... (more...)
Navarro walks back China trade deal comments
- June 23, 2020
The adviser's comments injected a strong dose of volatility into global markets with currency and futures markets dipping and Asia Pacific stocks falling into negative territory, before recovering after Navarro had issued a statement that his comments had "been taken wildly out of context ". (more...)
- June 23, 2020
The adviser's comments injected a strong dose of volatility into global markets with currency and futures markets dipping and Asia Pacific stocks falling into negative territory, before recovering after Navarro had issued a statement that his comments had "been taken wildly out of context ". (more...)
Oil edges up on tighter supply, but demand concerns check gains
- June 23, 2020
Crude oil prices finished with a weekly gain of about 10% on Friday, as the sudden drop in USA production output of crude oil, along with OPEC output cuts, offers hope that the oil glut in the market will reduce significantly. Oilfield services company Baker Hughes said Friday that the number of active USA rigs drilling for oil declined by 10 to 189 in the latest week. In Canada and the United States, the number of operating oil and natural gas rigs fell to a record low last week, even as ... (more...)
- June 23, 2020
Crude oil prices finished with a weekly gain of about 10% on Friday, as the sudden drop in USA production output of crude oil, along with OPEC output cuts, offers hope that the oil glut in the market will reduce significantly. Oilfield services company Baker Hughes said Friday that the number of active USA rigs drilling for oil declined by 10 to 189 in the latest week. In Canada and the United States, the number of operating oil and natural gas rigs fell to a record low last week, even as ... (more...)
NHLBI, WHO, Novartis Halt Hydroxychloroquine Studies
- June 23, 2020
The US Food and Drug Administration revoked its emergency use authorization for hydroxychloroquine to treat Covid-19 on Monday. The move comes after the approval of the drug earlier this week by the Department for Health and Social Care to treat all United Kingdom hospitalised patients requiring oxygen, including those on ventilators. (more...)
- June 23, 2020
The US Food and Drug Administration revoked its emergency use authorization for hydroxychloroquine to treat Covid-19 on Monday. The move comes after the approval of the drug earlier this week by the Department for Health and Social Care to treat all United Kingdom hospitalised patients requiring oxygen, including those on ventilators. (more...)
Saudi Arabia's Public Investment Fund to Invest in Jio Platforms
- June 23, 2020
Besides the Rs 1.16 lakh cr raised by its subsidiary Jio, RIL also raised Rs 53,124 cr on its own by offering fresh shares to its existing shareholders, a practice known as a rights issue. Mukesh Ambani added: "For the past few weeks we have been overwhelmed by the unprecedented interest of the global financial investor community to invest in Jio". (more...)
- June 23, 2020
Besides the Rs 1.16 lakh cr raised by its subsidiary Jio, RIL also raised Rs 53,124 cr on its own by offering fresh shares to its existing shareholders, a practice known as a rights issue. Mukesh Ambani added: "For the past few weeks we have been overwhelmed by the unprecedented interest of the global financial investor community to invest in Jio". (more...)
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