Markets
Ottawa's jobless rate up slightly to 9.2% in August
- September 07, 2020
That is also the lowest among the provinces and well below the national unemployment rate of 23.1 per cent. Canada's unemployment rate sits at 10.2%. Total employment in Saskatchewan still remains down 26,500 compared to August 2019. Close to 7,000 jobs were added in the London area in August, bringing the number of employed people in the area to almost 251,000. (more...)
- September 07, 2020
That is also the lowest among the provinces and well below the national unemployment rate of 23.1 per cent. Canada's unemployment rate sits at 10.2%. Total employment in Saskatchewan still remains down 26,500 compared to August 2019. Close to 7,000 jobs were added in the London area in August, bringing the number of employed people in the area to almost 251,000. (more...)
Trump Admin Considering Blacklisting Chinese Computer Chip Maker SMIC
- September 07, 2020
SMIC's ties to the Chinese military are under scrutiny, according to the report. While the Pentagon official did not outline the reasons for the action, SMIC's relationship to the Chinese military is under scrutiny, another U.S. SMIC is China's top semiconductor fab, and the closest domestic counterpart to Taiwan Semiconductor Manufacturing , the world's most advanced maker of chips. (more...)
- September 07, 2020
SMIC's ties to the Chinese military are under scrutiny, according to the report. While the Pentagon official did not outline the reasons for the action, SMIC's relationship to the Chinese military is under scrutiny, another U.S. SMIC is China's top semiconductor fab, and the closest domestic counterpart to Taiwan Semiconductor Manufacturing , the world's most advanced maker of chips. (more...)
Aussies to get free coronavirus vaccine from early next year
- September 07, 2020
In determining more specificities of the aforementioned, the Ipsos survey also conducted a search on possible reasons Malaysians would not take the vaccine for Covid-19. "Whilst on one hand it looks very expensive if you use earnings multiples, the company has rarely failed to deliver for its shareholders and I would far rather be holding CSL than short them at this juncture", McGlew added. (more...)
- September 07, 2020
In determining more specificities of the aforementioned, the Ipsos survey also conducted a search on possible reasons Malaysians would not take the vaccine for Covid-19. "Whilst on one hand it looks very expensive if you use earnings multiples, the company has rarely failed to deliver for its shareholders and I would far rather be holding CSL than short them at this juncture", McGlew added. (more...)
Australians can get free coronavirus vaccine early next year: Morrison
- September 07, 2020
The Commonwealth government will provide funding to CSL ( ASX:CSL ) to enable it to expand Australia's COVID-19 vaccine manufacturing readiness. Under the agreement, Britain's University of Oxford in collaboration with AstraZeneca and Australia's University of Queensland working with CSL will provide more than 84.8 million vaccine doses for Australia's population of 26 million people, nearly entirely manufactured in the Australian city of Melbourne, a government statement said. (more...)
- September 07, 2020
The Commonwealth government will provide funding to CSL ( ASX:CSL ) to enable it to expand Australia's COVID-19 vaccine manufacturing readiness. Under the agreement, Britain's University of Oxford in collaboration with AstraZeneca and Australia's University of Queensland working with CSL will provide more than 84.8 million vaccine doses for Australia's population of 26 million people, nearly entirely manufactured in the Australian city of Melbourne, a government statement said. (more...)
SoftBank unmasked as 'Nasdaq whale' that stoked tech rally
- September 07, 2020
How has the activity of the alternative market deviated from the normal pattern? When banks and brokerages arrange options for investors, they are left with their own exposure to the markets. "The apparent growth of small retail investors and the growth in options-related trade". This has contributed to the speculative nature of the market in recent weeks, "said Chris Igo, chief investment officer at AXA Investment Advisors". (more...)
- September 07, 2020
How has the activity of the alternative market deviated from the normal pattern? When banks and brokerages arrange options for investors, they are left with their own exposure to the markets. "The apparent growth of small retail investors and the growth in options-related trade". This has contributed to the speculative nature of the market in recent weeks, "said Chris Igo, chief investment officer at AXA Investment Advisors". (more...)
UK's Brexit negotiator: London is prepared for no-deal exit
- September 07, 2020
Both sides want a deal agreed next month in order to have it signed off by politicians on both sides of the Channel by the end of the transition period on December 31. "The EU must also realize that we are serious about leaving with an Australian-style trading relationship and reclaiming our independence as a sovereign nation if we can not find acceptable terms", he said. (more...)
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- September 07, 2020
Both sides want a deal agreed next month in order to have it signed off by politicians on both sides of the Channel by the end of the transition period on December 31. "The EU must also realize that we are serious about leaving with an Australian-style trading relationship and reclaiming our independence as a sovereign nation if we can not find acceptable terms", he said. (more...)
Australia's CSL agrees to manufacture two Covid-19 vaccine candidates
- September 07, 2020
A source at the meeting said it was decided that as soon as the vaccine is sent to Nigeria, it would be forwarded to the National Agency for Drug and Food Administration and Control (NAFDAC) and Nigeria Institute for Pharmaceutical Development (NIPRD) for evaluation. (more...)
- September 07, 2020
A source at the meeting said it was decided that as soon as the vaccine is sent to Nigeria, it would be forwarded to the National Agency for Drug and Food Administration and Control (NAFDAC) and Nigeria Institute for Pharmaceutical Development (NIPRD) for evaluation. (more...)
Gas prices at lowest in decades ahead of Labor Day
- September 07, 2020
The chance of rain is below 5% on Friday, Saturday and Sunday, with a 25% chance on Monday. If you're hitting the road this Labor Day weekend, we've got some good news for you. He expects that trend to continue into the fall, when demand is traditionally lower and stations switch to cheaper winter gasoline. AAA said vehicle trips are down 3 % from a year ago, with air travel being down 75%. (more...)
- September 07, 2020
The chance of rain is below 5% on Friday, Saturday and Sunday, with a 25% chance on Monday. If you're hitting the road this Labor Day weekend, we've got some good news for you. He expects that trend to continue into the fall, when demand is traditionally lower and stations switch to cheaper winter gasoline. AAA said vehicle trips are down 3 % from a year ago, with air travel being down 75%. (more...)
Oil prices fall below $40 on mounting demand concerns
- September 06, 2020
West Texas Intermediate (WTI) crude CLc1 futures were down 14 cents, or 0.3 percent, at 41.37 U.S. dollars a barrel. Mars Blend, a high-sulfur crude, is trading at its highest premium to WTI futures in almost two weeks. Oil tumbled below $40 a barrel for the first time in a month with equity losses accelerating and the dollar strengthening. The Organization of the Petroleum Exporting Countries and allies, a grouping known as OPEC+, is now cutting output by 7.7 million barrels per day (bpd) ... (more...)
- September 06, 2020
West Texas Intermediate (WTI) crude CLc1 futures were down 14 cents, or 0.3 percent, at 41.37 U.S. dollars a barrel. Mars Blend, a high-sulfur crude, is trading at its highest premium to WTI futures in almost two weeks. Oil tumbled below $40 a barrel for the first time in a month with equity losses accelerating and the dollar strengthening. The Organization of the Petroleum Exporting Countries and allies, a grouping known as OPEC+, is now cutting output by 7.7 million barrels per day (bpd) ... (more...)
100 million discounted meals eaten in United Kingdom during August
- September 06, 2020
The average saving per meal Scotland-wide was £6.10. Throughout the length of the scheme 2.7million meals were served, saving diners in Northern Ireland a staggering £16million. However, there is limited evidence that demand has remained with only a two per cent rise in bookings on September 1 from the same day in 2019. Chancellor Rishi Sunak said: "From the get-go our mission has been to protect jobs and to do this we needed be creative, fearless and try things that no government has ... (more...)
- September 06, 2020
The average saving per meal Scotland-wide was £6.10. Throughout the length of the scheme 2.7million meals were served, saving diners in Northern Ireland a staggering £16million. However, there is limited evidence that demand has remained with only a two per cent rise in bookings on September 1 from the same day in 2019. Chancellor Rishi Sunak said: "From the get-go our mission has been to protect jobs and to do this we needed be creative, fearless and try things that no government has ... (more...)
Canada: Unemployment Rate edges lower to 10.2% in August vs. 10.1% expected
- September 06, 2020
That's down from 9.4 per cent the month before, said Statistics Canada in its Labour Force Survey. StatsCan said Sudbury had 77,900 jobs in August, compared to 76,700 in July. As a result of the COVID-19 economic shutdown, the unemployment rate had more than doubled from 5.6 per cent in February to a record high of 13.7 per cent in May. (more...)
- September 06, 2020
That's down from 9.4 per cent the month before, said Statistics Canada in its Labour Force Survey. StatsCan said Sudbury had 77,900 jobs in August, compared to 76,700 in July. As a result of the COVID-19 economic shutdown, the unemployment rate had more than doubled from 5.6 per cent in February to a record high of 13.7 per cent in May. (more...)
World's richest woman named
- September 06, 2020
Scott, who owns a 4 percent stake in the ecommerce giant, has added another $30.3 billion to her bank balance in the a year ago, taking her net worth to a staggering $67.4 billion, according to Bloomberg Billionaires Index . A year ago, Scott likewise signed onto the Giving Pledge activity, established by Warren Buffett and Bill and Melinda Gates. MacKenzie Scott picture with her ex-husband Jeff Bezos in 2019. (more...)
- September 06, 2020
Scott, who owns a 4 percent stake in the ecommerce giant, has added another $30.3 billion to her bank balance in the a year ago, taking her net worth to a staggering $67.4 billion, according to Bloomberg Billionaires Index . A year ago, Scott likewise signed onto the Giving Pledge activity, established by Warren Buffett and Bill and Melinda Gates. MacKenzie Scott picture with her ex-husband Jeff Bezos in 2019. (more...)
Imposing Jeep Wagoneer Revival Revealed in Arctic Ice, Coming in 2021
- September 05, 2020
There are two electric motors, the first mounted at the front of the engine to which it is connected via a drive belt, and the second motor within the transmission. Drivers will have several drive modes to choose from, including electric , which uses only battery power until the charge is depleted unless full-throttle is applied, and an eSave setting that preserves the electrons for when you want to use them, like for a stealthy drive into the great outdoors. (more...)
- September 05, 2020
There are two electric motors, the first mounted at the front of the engine to which it is connected via a drive belt, and the second motor within the transmission. Drivers will have several drive modes to choose from, including electric , which uses only battery power until the charge is depleted unless full-throttle is applied, and an eSave setting that preserves the electrons for when you want to use them, like for a stealthy drive into the great outdoors. (more...)
Unacademy raises $150 million in funding led by Softbank Vision Fund
- September 05, 2020
Founded by Munjal, Roman Saini and Hemesh Singh, Unacademy allows educators to create videos for courses from school-level learning to college entrance exams across streams. "Our goal always has been to democratise knowledge and make it more affordable and accessible by getting the best experts of the world help everyone achieve their goals". (more...)
- September 05, 2020
Founded by Munjal, Roman Saini and Hemesh Singh, Unacademy allows educators to create videos for courses from school-level learning to college entrance exams across streams. "Our goal always has been to democratise knowledge and make it more affordable and accessible by getting the best experts of the world help everyone achieve their goals". (more...)
Third crew member rescued from ship capsized off Japan
- September 05, 2020
He told rescuers that the ship stalled when an engine stopped, then capsized and sank after being hit broadside by a powerful wave. Dramatic photos released by the coast guard showed Edvarodo floating in the darkness in an orange life jacket and being pulled onto a boat with a rope as rescuers battled violent, rolling waves. (more...)
- September 05, 2020
He told rescuers that the ship stalled when an engine stopped, then capsized and sank after being hit broadside by a powerful wave. Dramatic photos released by the coast guard showed Edvarodo floating in the darkness in an orange life jacket and being pulled onto a boat with a rope as rescuers battled violent, rolling waves. (more...)
Tech rout deepens, Nasdaq set for worst two-day fall since March
- September 05, 2020
The Dow Jones Industrial Average shed more than 800 points, or over 2.8%, by Thursday afternoon. The S&P 500 index lost 125.78 points to close at 3,455.06. Bureau of Labor Statistics reported Friday. The Dow lost 520.56 points, or 1.8%. The U.S. unemployment rate previously soared to a record 14.7 percent in April. (more...)
- September 05, 2020
The Dow Jones Industrial Average shed more than 800 points, or over 2.8%, by Thursday afternoon. The S&P 500 index lost 125.78 points to close at 3,455.06. Bureau of Labor Statistics reported Friday. The Dow lost 520.56 points, or 1.8%. The U.S. unemployment rate previously soared to a record 14.7 percent in April. (more...)
U.S. jobless rate falls to 8.4%
- September 05, 2020
The United States has seen tens of millions of layoffs since businesses shut down in mid-March to stop the spread of the virus, and though unemployed workers filing for government benefits have declined from their peak, the Labor Department said an average of almost one million new jobless claims were filed every week in August. (more...)
- September 05, 2020
The United States has seen tens of millions of layoffs since businesses shut down in mid-March to stop the spread of the virus, and though unemployed workers filing for government benefits have declined from their peak, the Labor Department said an average of almost one million new jobless claims were filed every week in August. (more...)
USA jobless rate declined to 8.4% in August
- September 05, 2020
The unemployment rate dropped into the single digits for the first time since March and the economy added 1.4 million jobs in August as a potentially long economic recovery from the early effects of the COVID-19 pandemic continues. The unemployment rate fell to 8.4 percent this month from 10.2 percent in July. "The labor market remains exposed to weak demand and virus containment restrictions - especially service sector employment - which are resulting in permanent job losses that will ... (more...)
- September 05, 2020
The unemployment rate dropped into the single digits for the first time since March and the economy added 1.4 million jobs in August as a potentially long economic recovery from the early effects of the COVID-19 pandemic continues. The unemployment rate fell to 8.4 percent this month from 10.2 percent in July. "The labor market remains exposed to weak demand and virus containment restrictions - especially service sector employment - which are resulting in permanent job losses that will ... (more...)
France unveils EUR100 bln stimulus to revive economy, EUR/USD keeps lows
- September 04, 2020
The hydrogen industry - used to store and transport energy created by wind turbines and solar panels - will get 2 billion euros over two years, a sector that Germany is also betting heavily on with plans to invest 9 billion euros by 2030. "It will be extremely costly", said Patrick Artus, the chief economist at Natixis, a French corporate and investment bank. The rest will come from the government and a publicly funded investment bank. (more...)
- September 04, 2020
The hydrogen industry - used to store and transport energy created by wind turbines and solar panels - will get 2 billion euros over two years, a sector that Germany is also betting heavily on with plans to invest 9 billion euros by 2030. "It will be extremely costly", said Patrick Artus, the chief economist at Natixis, a French corporate and investment bank. The rest will come from the government and a publicly funded investment bank. (more...)
These states are enduring the worst unemployment rates
- September 04, 2020
Before the pandemic struck the economy in March, the number of people seeking jobless aid had never topped 700,000 in a week, not even during the depths of the 2007-2009 Great Recession. However weak demand in sectors such as leisure and hospitality that account for a high share of employment compared to their economic output meant "the labour market recovery is likely to remain relatively underwhelming". (more...)
- September 04, 2020
Before the pandemic struck the economy in March, the number of people seeking jobless aid had never topped 700,000 in a week, not even during the depths of the 2007-2009 Great Recession. However weak demand in sectors such as leisure and hospitality that account for a high share of employment compared to their economic output meant "the labour market recovery is likely to remain relatively underwhelming". (more...)
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