Markets
UK House Price Growth Accelerates In August: Rightmove
- August 19, 2020
Rightmove's latest house price index shows that the number of monthly sales agreed this month is the highest ever measured since it started tracking the data ten years ago. "Record levels of buyer activity lead to processing delays and mean that patience is required to get sales agreed to completion", Rightmove said. (more...)
- August 19, 2020
Rightmove's latest house price index shows that the number of monthly sales agreed this month is the highest ever measured since it started tracking the data ten years ago. "Record levels of buyer activity lead to processing delays and mean that patience is required to get sales agreed to completion", Rightmove said. (more...)
Walmart's online sales soared by 97% in 2nd quarter
- August 18, 2020
Walmart's second-quarter net income blew past analyst expectations with results fueled by a 97% increase in e-commerce sales and USA comp sales growth of 9.3%. While consumers have cut back on some discretionary spending during the pandemic, they continue to buy food and household goods. "While Walmart is still king, the pandemic has given rise to more home improvement shopping and growing dollar store visits, two segments that seem to be taking away visits", said Ethan Chernofsky, vice ... (more...)
- August 18, 2020
Walmart's second-quarter net income blew past analyst expectations with results fueled by a 97% increase in e-commerce sales and USA comp sales growth of 9.3%. While consumers have cut back on some discretionary spending during the pandemic, they continue to buy food and household goods. "While Walmart is still king, the pandemic has given rise to more home improvement shopping and growing dollar store visits, two segments that seem to be taking away visits", said Ethan Chernofsky, vice ... (more...)
Wall Street ticks up, nudges S&P 500 again to edge of record
- August 18, 2020
Major equity indexes in the US trade mixed at the start of the week as investors assess the latest headlines surrounding the US-China relations. The index has risen more than 50% since its pandemic lows in March. TNNThe Nasdaq Composite gained 41.03 points, or 0.37%, to 11,170.75 at the opening bell. The markets may suffer through increased political risk in the months ahead as the official presidential election season takes off with the Democratic National Convention running from Monday ... (more...)
- August 18, 2020
Major equity indexes in the US trade mixed at the start of the week as investors assess the latest headlines surrounding the US-China relations. The index has risen more than 50% since its pandemic lows in March. TNNThe Nasdaq Composite gained 41.03 points, or 0.37%, to 11,170.75 at the opening bell. The markets may suffer through increased political risk in the months ahead as the official presidential election season takes off with the Democratic National Convention running from Monday ... (more...)
Oracle's bid for TikTok proves the Bigger Fool theory
- August 18, 2020
Oracle may have some competition from Microsoft, which earlier this month confirmed that it met with ByteDance about a possible purchase. The Indian Express is now on Telegram. ByteDance has repeatedly denied any allegations of improper data sharing. In point of fact, fate of a latest round of Sino-US trade talk started off on August 15 remained elusive following a recent deterioration of relationship between the world's first- and second-largest economy, while Trump's latest remarks ... (more...)
- August 18, 2020
Oracle may have some competition from Microsoft, which earlier this month confirmed that it met with ByteDance about a possible purchase. The Indian Express is now on Telegram. ByteDance has repeatedly denied any allegations of improper data sharing. In point of fact, fate of a latest round of Sino-US trade talk started off on August 15 remained elusive following a recent deterioration of relationship between the world's first- and second-largest economy, while Trump's latest remarks ... (more...)
Check Petrol And Diesel Prices On Independence Day
- August 18, 2020
We also expect pressures to be experienced in the housing, water, electricity, gas, and other fuels index given the 27.8% increase in the price of kerosene. In Kolkata, petrol has gone up to Rs 82.43 per litre, while diesel is selling at Rs 77.06 per litre. Pump prices of petrol have risen 14 paise a litre on Sunday breaking from a 47-day long pause since June 29. (more...)
- August 18, 2020
We also expect pressures to be experienced in the housing, water, electricity, gas, and other fuels index given the 27.8% increase in the price of kerosene. In Kolkata, petrol has gone up to Rs 82.43 per litre, while diesel is selling at Rs 77.06 per litre. Pump prices of petrol have risen 14 paise a litre on Sunday breaking from a 47-day long pause since June 29. (more...)
Pizza Hut's slated to close as franchisee files for bankruptcy
- August 18, 2020
NPC's 1,227 locations represent 20% of the Pizza Hut system's US restaurant base. NPC did not indicate which locations would close and when they would be shuttered. The unforeseen shutdowns, previous USD1 Billion debt and growing labor and food costs, drove the franchisee into insolvency. But even in February, the company was looking at bankruptcy, Bloomberg reported. (more...)
- August 18, 2020
NPC's 1,227 locations represent 20% of the Pizza Hut system's US restaurant base. NPC did not indicate which locations would close and when they would be shuttered. The unforeseen shutdowns, previous USD1 Billion debt and growing labor and food costs, drove the franchisee into insolvency. But even in February, the company was looking at bankruptcy, Bloomberg reported. (more...)
Tata JLR Stake Sale Reports Are "Unsubstantiated" Says Automaker
- August 18, 2020
Since the European operations of Tata Motor's JLR and Tata Steel's plant have been making losses, the parent companies will have to come up with a solution soon, Business Standard quoted a former director of Tata Steel and Tata Motors as saying. (more...)
- August 18, 2020
Since the European operations of Tata Motor's JLR and Tata Steel's plant have been making losses, the parent companies will have to come up with a solution soon, Business Standard quoted a former director of Tata Steel and Tata Motors as saying. (more...)
Opec has raised, stabilised oil prices - Iranian minister
- August 18, 2020
Brent crude LCOc1 was down $0.13, or 0.3%, to $44.67 a barrel by 1048 GMT and US West Texas Intermediate crude CLc1 was down $0.04, or 0.1%, to $41.97 a barrel. Compliance with OPEC+ oil output cuts is seen at around 97% in July, two OPEC+ sources told Reuters on Monday, two days ahead of a meeting of key OPEC+ producers to review adherence with their production pact as demand slowly recovers. (more...)
- August 18, 2020
Brent crude LCOc1 was down $0.13, or 0.3%, to $44.67 a barrel by 1048 GMT and US West Texas Intermediate crude CLc1 was down $0.04, or 0.1%, to $41.97 a barrel. Compliance with OPEC+ oil output cuts is seen at around 97% in July, two OPEC+ sources told Reuters on Monday, two days ahead of a meeting of key OPEC+ producers to review adherence with their production pact as demand slowly recovers. (more...)
To save money, Samsung relocates smartphone production to India
- August 17, 2020
The company already operates its biggest factory in the world in Noida. This could shift an additional 10% of global smart-phone production to India in five years, most of it from China , they wrote in a report August 10. According to a new report from The Economic Times , Samsung is planning to manufacture smartphones worth $40 billion in India. India, alone, is the second-largest smartphone market in the world - one that manufacturers can not afford to lose as India pushes the Atma ... (more...)
- August 17, 2020
The company already operates its biggest factory in the world in Noida. This could shift an additional 10% of global smart-phone production to India in five years, most of it from China , they wrote in a report August 10. According to a new report from The Economic Times , Samsung is planning to manufacture smartphones worth $40 billion in India. India, alone, is the second-largest smartphone market in the world - one that manufacturers can not afford to lose as India pushes the Atma ... (more...)
Covid-19: Yale’s saliva-based test receives emergency use authorisation by USFDA
- August 17, 2020
Chantal Vogels, Postdoctoral Fellow at the Yale School of Public Health. With the FDA's urgent usage authorisation, the screening technique is actually right away on call to various other analysis research laboratories that intend to begin making use of the brand-new exam, which may be sized up promptly for usage all over the country as well as, possibly, past - in the happening full weeks, scientists claimed. (more...)
- August 17, 2020
Chantal Vogels, Postdoctoral Fellow at the Yale School of Public Health. With the FDA's urgent usage authorisation, the screening technique is actually right away on call to various other analysis research laboratories that intend to begin making use of the brand-new exam, which may be sized up promptly for usage all over the country as well as, possibly, past - in the happening full weeks, scientists claimed. (more...)
Travel, Tourism & Hospitality MSC Grandiosa returns to service in Mediterranean first
- August 17, 2020
MSC Cruises , which operates MSC Grandiosa , announced its enhanced health & safety protocols ahead of its return to service last week, which include universal Covid-19 testing for all guests and crew prior to embarkation; protected ashore visits at each destination only with an MSC Cruises excursion, and the introduction of a Covid Protection Plan for guests. (more...)
- August 17, 2020
MSC Cruises , which operates MSC Grandiosa , announced its enhanced health & safety protocols ahead of its return to service last week, which include universal Covid-19 testing for all guests and crew prior to embarkation; protected ashore visits at each destination only with an MSC Cruises excursion, and the introduction of a Covid Protection Plan for guests. (more...)
Sanofi announces $3.7bn deal to acquire US-based Principa Biopharma
- August 17, 2020
The all-cash deal will see Sanofi taking full control of the company, which focuses on treatments for multiple sclerosis and a range of autoimmune disorders, according to a statement Monday. In June, the first MS patients were enrolled in the phase 3 programme for the BTK inhibitor, which includes four clinical trials across the disease spectrum. (more...)
- August 17, 2020
The all-cash deal will see Sanofi taking full control of the company, which focuses on treatments for multiple sclerosis and a range of autoimmune disorders, according to a statement Monday. In June, the first MS patients were enrolled in the phase 3 programme for the BTK inhibitor, which includes four clinical trials across the disease spectrum. (more...)
Diageo acquires Aviation American Gin
- August 17, 2020
Davos Brands bought Aviation Gin in from Oregon-based House Spirits Distillery in 2016 for an undisclosed sum and, two years later, Reynolds bought an "ownership interest" in the brand, just as many celebrity-owned spirits labels were starting to bear fruit for their high profile owners. (more...)
- August 17, 2020
Davos Brands bought Aviation Gin in from Oregon-based House Spirits Distillery in 2016 for an undisclosed sum and, two years later, Reynolds bought an "ownership interest" in the brand, just as many celebrity-owned spirits labels were starting to bear fruit for their high profile owners. (more...)
Donald Trump joins TikTok’s rival Triller, uploads videos for his campaign
- August 17, 2020
Seeking reelection, the 45th US president is the presumptive Republican presidential candidate. This boils down to whether or not the party views this attempted takedown of TikTok as a legitimate security concern or as a retaliation by Trump against TikTok users. (more...)
- August 17, 2020
Seeking reelection, the 45th US president is the presumptive Republican presidential candidate. This boils down to whether or not the party views this attempted takedown of TikTok as a legitimate security concern or as a retaliation by Trump against TikTok users. (more...)
German watchdog launches new Amazon investigation
- August 17, 2020
Germany's competition watchdog has begun a fresh investigation into whether the ecommerce giant Amazon is abusing its dominant market position in the country. That is according to the " Frankfurter Allgemeine Zeitung " newspaper. In the US, Amazon was accused of charging astronomical prices for things like masks and hand sanitizers early in the COVID-19 pandemic. (more...)
- August 17, 2020
Germany's competition watchdog has begun a fresh investigation into whether the ecommerce giant Amazon is abusing its dominant market position in the country. That is according to the " Frankfurter Allgemeine Zeitung " newspaper. In the US, Amazon was accused of charging astronomical prices for things like masks and hand sanitizers early in the COVID-19 pandemic. (more...)
Barrick Gold surges 10% after Warren Buffett's Berkshire Hathaway buys a stake
- August 17, 2020
In a regulatory filing detailing its USA -listed investments as of June 30, Berkshire also disclosed a new 20.9 million share investment worth 563.6 million US dollars in Toronto-based Barrick Gold Corp., one of the world's largest mining companies. (more...)
- August 17, 2020
In a regulatory filing detailing its USA -listed investments as of June 30, Berkshire also disclosed a new 20.9 million share investment worth 563.6 million US dollars in Toronto-based Barrick Gold Corp., one of the world's largest mining companies. (more...)
Google parent Alphabet lashes out at Australia for antitrust law changes
- August 17, 2020
Google says it already partners with Australian news media by paying them millions of dollars and sending billions of clicks each year, suggesting the changes could put its free services "at risk". "We are particularly concerned that it provides unfair advantages to large news businesses over anyone else online, including the very creators that make YouTube, YouTube". (more...)
- August 17, 2020
Google says it already partners with Australian news media by paying them millions of dollars and sending billions of clicks each year, suggesting the changes could put its free services "at risk". "We are particularly concerned that it provides unfair advantages to large news businesses over anyone else online, including the very creators that make YouTube, YouTube". (more...)
United States crackdown on Confucius Institutes demonises the programme, says China
- August 17, 2020
Amid a growing rift between the two nations, hardline United States lawmakers argue that China is trying to increase its influence through Confucius Institutes. government about its funding, personnel, curriculum and other activities in the United States. The designation of the center follows the State Department designating nine Chinese state-run news organization in two batches in February and June as foreign missions of China, which retaliated by expelling some American journalists and ... (more...)
- August 17, 2020
Amid a growing rift between the two nations, hardline United States lawmakers argue that China is trying to increase its influence through Confucius Institutes. government about its funding, personnel, curriculum and other activities in the United States. The designation of the center follows the State Department designating nine Chinese state-run news organization in two batches in February and June as foreign missions of China, which retaliated by expelling some American journalists and ... (more...)
US Democrats step up pressure on postal service cuts ahead of election
- August 17, 2020
Meanwhile, senior aides said Trump's motives in opposing mail-in ballots were being misinterpreted. He said in a televised interview that reports about the machines being taken out of service are "not based on fact" and are a "narrative". (more...)
- August 17, 2020
Meanwhile, senior aides said Trump's motives in opposing mail-in ballots were being misinterpreted. He said in a televised interview that reports about the machines being taken out of service are "not based on fact" and are a "narrative". (more...)
First Rolling Blackouts in Almost Two Decades Affect 220000 PG&E Customers
- August 17, 2020
The heat wave "is causing a strain on supplies, and consumers should be prepared for likely rolling outages during the late afternoons and early evenings through Wednesday", the ISO said in its alert, adding that there is not enough energy to meet the high amounts of electricity people are using in order to cool themselves down. (more...)
- August 17, 2020
The heat wave "is causing a strain on supplies, and consumers should be prepared for likely rolling outages during the late afternoons and early evenings through Wednesday", the ISO said in its alert, adding that there is not enough energy to meet the high amounts of electricity people are using in order to cool themselves down. (more...)
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