Markets
Flooding Begins in Coastal Louisiana as Category 4 Hurricane Laura Approaches
- August 27, 2020
The city of Port Arthur, Texas, will order some residents to flee the storm starting on Tuesday, according to the city's website. "They say we are all supposed to socially distance now", he said . Energy platforms in the Gulf of Mexico that account for as much as 17 per cent of America's oil production and about three per cent of gas output are created to withstand storms of this magnitude. (more...)
- August 27, 2020
The city of Port Arthur, Texas, will order some residents to flee the storm starting on Tuesday, according to the city's website. "They say we are all supposed to socially distance now", he said . Energy platforms in the Gulf of Mexico that account for as much as 17 per cent of America's oil production and about three per cent of gas output are created to withstand storms of this magnitude. (more...)
Stocks drift as Wall Street hugs record highs; yields climb
- August 26, 2020
In a statement, the Office of the U.S. Trade Representative said that both sided "progress and are committed to taking the steps necessary to ensure the success of the" phase one trade deal. Salesforce.com, Amgen and Honeywell shares advanced 3.6 per cent, 3.2 per cent and 5.4 per cent, respectively. Overseas stock markets were broadly higher. (more...)
- August 26, 2020
In a statement, the Office of the U.S. Trade Representative said that both sided "progress and are committed to taking the steps necessary to ensure the success of the" phase one trade deal. Salesforce.com, Amgen and Honeywell shares advanced 3.6 per cent, 3.2 per cent and 5.4 per cent, respectively. Overseas stock markets were broadly higher. (more...)
Facebook to pay over 100mn euros in back taxes in France
- August 26, 2020
Paris, Aug 24 (IANS) Facebook France has agreed to pay over 100 million euros for not having declared to the country's tax authorities the income generated in France before 2018, according to a new report on the website of French financial magazine Capital . (more...)
- August 26, 2020
Paris, Aug 24 (IANS) Facebook France has agreed to pay over 100 million euros for not having declared to the country's tax authorities the income generated in France before 2018, according to a new report on the website of French financial magazine Capital . (more...)
American Airlines to layoff or furlough 19,000 employees in October
- August 26, 2020
The October job cuts comprise 17,500 furloughs of union workers -including 1,600 pilots and 8,100 flight attendants - and 1,500 management positions. American said it expected fewer than 100,000 people to be working in October, down from 140,000 at the beginning of March. (more...)
- August 26, 2020
The October job cuts comprise 17,500 furloughs of union workers -including 1,600 pilots and 8,100 flight attendants - and 1,500 management positions. American said it expected fewer than 100,000 people to be working in October, down from 140,000 at the beginning of March. (more...)
Jack Ma's Ant Group Files for IPO, Eyes $225bln Valuation
- August 26, 2020
Bernstein estimated that Ant's value has climbed to about US$210 billion from US$150 billion two years ago, making it more than twice the size of Wall Street's biggest securities firms. The contribution from digital payments and merchants services fell 7.1 percentage points to 35.9% in the first half from the end of past year. Alibaba Group acquired a 33% equity stake in the firm in 2018. (more...)
- August 26, 2020
Bernstein estimated that Ant's value has climbed to about US$210 billion from US$150 billion two years ago, making it more than twice the size of Wall Street's biggest securities firms. The contribution from digital payments and merchants services fell 7.1 percentage points to 35.9% in the first half from the end of past year. Alibaba Group acquired a 33% equity stake in the firm in 2018. (more...)
Uber and Lyft's California labor law battle is far from over
- August 25, 2020
An appeals court has allowed ride-hailing giants Uber and Lyft to continue treating their drivers as independent contractors in California in a decision that will give the two companies a few more months to protect their business models in a key market. (more...)
- August 25, 2020
An appeals court has allowed ride-hailing giants Uber and Lyft to continue treating their drivers as independent contractors in California in a decision that will give the two companies a few more months to protect their business models in a key market. (more...)
KFC pauses 'finger-lickin' good' slogan during coronavirus pandemic
- August 25, 2020
It said the slogan will return " when the time is right " but that it will shift its messaging in the meantime. Can you match the brand to its famous slogan? KFC closed temporarily in March amid the pandemic , but most have reopened. (more...)
- August 25, 2020
It said the slogan will return " when the time is right " but that it will shift its messaging in the meantime. Can you match the brand to its famous slogan? KFC closed temporarily in March amid the pandemic , but most have reopened. (more...)
Videos show Belarus president armed with rifle as massive protests roil capital
- August 25, 2020
Belarusian opposition leader Svetlana Tikhanovskaya has said her country's people have changed and will no longer accept President Lukashenko . Lukashenko addressed the opposition's election rigging claims last week, telling supporters at a rally in Minsk that "it's impossible to falsify over 80 percent of the result". (more...)
- August 25, 2020
Belarusian opposition leader Svetlana Tikhanovskaya has said her country's people have changed and will no longer accept President Lukashenko . Lukashenko addressed the opposition's election rigging claims last week, telling supporters at a rally in Minsk that "it's impossible to falsify over 80 percent of the result". (more...)
United States trade office rejects WTO panel decision on Canadian softwood lumber
- August 25, 2020
The WTO said the U.S. Commerce Department erred in 2017 when it imposed average countervailing duties of 14.25% and anti-dumping duties of 6.58% on Canadian softwood lumber, siding, flooring, and other coniferous wood products. Canada's unfair trade practices in softwood lumber are well documented, and the harm these practices cause to the US forestry industry and workers is undisputed. (more...)
- August 25, 2020
The WTO said the U.S. Commerce Department erred in 2017 when it imposed average countervailing duties of 14.25% and anti-dumping duties of 6.58% on Canadian softwood lumber, siding, flooring, and other coniferous wood products. Canada's unfair trade practices in softwood lumber are well documented, and the harm these practices cause to the US forestry industry and workers is undisputed. (more...)
FEMA Approves California Unemployment Funding Grant
- August 25, 2020
There is $44 billion in the fund and all states are eligible to apply for it to offer to their unemployed. FEMA has yet to announce the date when the benefit will be made available. The new funding comes as talks over more federal COVID stimulus money collapsed , leaving millions of unemployed Americans concerned about when the next boost will come. (more...)
- August 25, 2020
There is $44 billion in the fund and all states are eligible to apply for it to offer to their unemployed. FEMA has yet to announce the date when the benefit will be made available. The new funding comes as talks over more federal COVID stimulus money collapsed , leaving millions of unemployed Americans concerned about when the next boost will come. (more...)
Global Stocks Thrive On Coronavirus Treatment Hopes
- August 25, 2020
Shares of electric carmaker also set a new high before falling -3.3%. Earnings from companies including, ICBC, PetroChina, HP Inc., Royal Bank of Canada, Best Buy and Dollar General.The U.S. Federal Reserve Chairman Jerome Powell will discuss monetary policy on Thursday at the opening day of the Kansas City Fed's annual symposium. A sharp dollar sell-off against the euro paused after the US currency got a boost on Friday when data showed a recovery in USA business conditions, while ... (more...)
- August 25, 2020
Shares of electric carmaker also set a new high before falling -3.3%. Earnings from companies including, ICBC, PetroChina, HP Inc., Royal Bank of Canada, Best Buy and Dollar General.The U.S. Federal Reserve Chairman Jerome Powell will discuss monetary policy on Thursday at the opening day of the Kansas City Fed's annual symposium. A sharp dollar sell-off against the euro paused after the US currency got a boost on Friday when data showed a recovery in USA business conditions, while ... (more...)
KFC to pause Finger Lickin' Good slogan worldwide •
- August 25, 2020
The company stated that they'll be bringing back the legendary slogan "when the time is right". Marketing has reached out to KFC Singapore for additional information. As health officials continue to urge individuals to social distance and wash their hands, KFC announced that their 64-year-old slogan would be put on hold. (more...)
- August 25, 2020
The company stated that they'll be bringing back the legendary slogan "when the time is right". Marketing has reached out to KFC Singapore for additional information. As health officials continue to urge individuals to social distance and wash their hands, KFC announced that their 64-year-old slogan would be put on hold. (more...)
Greece plans military exercise amid dispute with Turkey
- August 25, 2020
Turkey said on Sunday that its Oruc Reis exploration vessel will now carry out seismic surveys in a disputed part of the eastern Mediterranean until August 27, in a move likely to stoke tensions in the region. "Greece is responding calmly and with readiness both on a diplomatic and on an operational level". Greece had "thrown itself into a chaos from which it can not find a way out", he said. (more...)
- August 25, 2020
Turkey said on Sunday that its Oruc Reis exploration vessel will now carry out seismic surveys in a disputed part of the eastern Mediterranean until August 27, in a move likely to stoke tensions in the region. "Greece is responding calmly and with readiness both on a diplomatic and on an operational level". Greece had "thrown itself into a chaos from which it can not find a way out", he said. (more...)
Sen. Mike Lee casts Utah's GOP votes for President Trump
- August 25, 2020
Trump secured more than the 1,276 delegates needed to win at about 12:10 pm eastern time as the roll call continued. The Republican Party has formally nominated President Donald Trump for a second term in the White House as the party's four-day convention kicked off in Charlotte. (more...)
- August 25, 2020
Trump secured more than the 1,276 delegates needed to win at about 12:10 pm eastern time as the roll call continued. The Republican Party has formally nominated President Donald Trump for a second term in the White House as the party's four-day convention kicked off in Charlotte. (more...)
S&P 500, Nasdaq open at new highs on Covid-19 treatment hopes
- August 24, 2020
President Trump secured sufficient votes to lead his party for four more years, kicking off the final sprint to November 3 Election Day. Amazon and Microsoft shares were also higher. Monday's early gains come as the number of new coronavirus cases continues to decline in the U.S. Since spiking by more than 64,000 cases, the number of new daily infections in the U.S. (more...)
- August 24, 2020
President Trump secured sufficient votes to lead his party for four more years, kicking off the final sprint to November 3 Election Day. Amazon and Microsoft shares were also higher. Monday's early gains come as the number of new coronavirus cases continues to decline in the U.S. Since spiking by more than 64,000 cases, the number of new daily infections in the U.S. (more...)
Police in Belarus detain several opposition activists
- August 24, 2020
Video from Belarus on Sunday showed the beleaguered president carrying a rifle and wearing a bulletproof vest, as he got off a helicopter that brought him to his working residence on the 15th straight day of protests. However, the authorities again beefed up police cordons around the city since last week and threatened opposition activists with criminal charges. Also, it was announced Saturday that U.S. (more...)
- August 24, 2020
Video from Belarus on Sunday showed the beleaguered president carrying a rifle and wearing a bulletproof vest, as he got off a helicopter that brought him to his working residence on the 15th straight day of protests. However, the authorities again beefed up police cordons around the city since last week and threatened opposition activists with criminal charges. Also, it was announced Saturday that U.S. (more...)
Apple Becomes First US Company Valued At $2 Trillion
- August 24, 2020
Apple's share price has climbed about 57% this year alone thanks to surprising earnings resilience in the face of reduced consumer spending. It became the world's most valuable company that dethroned state oil giant Saudi Aramco at the end of last month. (more...)
- August 24, 2020
Apple's share price has climbed about 57% this year alone thanks to surprising earnings resilience in the face of reduced consumer spending. It became the world's most valuable company that dethroned state oil giant Saudi Aramco at the end of last month. (more...)
Real Canadian Superstore, No Frills making face masks mandatory at all locations
- August 24, 2020
Exceptions will be built for younger kids and those with wellbeing ailments. Both No Frills and Real Canadian Superstore are owned by Loblaws Companies, which also owns Shoppers Drug Mart and Loblaws Markets. The retail chain explained it requires all buyers and associates functioning in any Walmart retail outlet not now subject matter to a area government mandate to use a mask or facial area masking. (more...)
- August 24, 2020
Exceptions will be built for younger kids and those with wellbeing ailments. Both No Frills and Real Canadian Superstore are owned by Loblaws Companies, which also owns Shoppers Drug Mart and Loblaws Markets. The retail chain explained it requires all buyers and associates functioning in any Walmart retail outlet not now subject matter to a area government mandate to use a mask or facial area masking. (more...)
Twitter Employees Will Never Have to Go Back To Office Again
- August 24, 2020
Twitter's shift to allow permanent remote work was first reported by BuzzFeed News , which cited an email to employees sent by CEO Jack Dorsey . The CEO notes that Twitter was an early adopter of a work-from-home model, though - like much of the rest of the world - that push has been accelerated by COVID-19 stay at home orders. (more...)
- August 24, 2020
Twitter's shift to allow permanent remote work was first reported by BuzzFeed News , which cited an email to employees sent by CEO Jack Dorsey . The CEO notes that Twitter was an early adopter of a work-from-home model, though - like much of the rest of the world - that push has been accelerated by COVID-19 stay at home orders. (more...)
Salmonella Outbreak: Peaches Recalled Nationwide Due To Risk Of Possible Contamination
- August 24, 2020
The potentially-affected items may have been sold loose or in bulk, the health agency explains, and may come with or without a brand name. Overall, 11 different UPC coded products are being recalled, and a complete list can be viewed online . (more...)
- August 24, 2020
The potentially-affected items may have been sold loose or in bulk, the health agency explains, and may come with or without a brand name. Overall, 11 different UPC coded products are being recalled, and a complete list can be viewed online . (more...)
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