Markets
Ramaphosa says structural reform critical in responding to jobs crisis
- October 01, 2020
For example, numerous 278 000 jobs lost in the construction sector and 373 000 employment opportunities lost in the trade sector (including hotels and restaurants) would have been temporary. There were also some statistical quirks that kept this increase limited - though at least it gives a better approximation of joblessness than the narrowly defined unemployment rate. (more...)
- October 01, 2020
For example, numerous 278 000 jobs lost in the construction sector and 373 000 employment opportunities lost in the trade sector (including hotels and restaurants) would have been temporary. There were also some statistical quirks that kept this increase limited - though at least it gives a better approximation of joblessness than the narrowly defined unemployment rate. (more...)
House Democrats unveil updated version of the Heroes Act
- September 30, 2020
The two agreed to speak again Wednesday morning. In an interview Monday with MSNBC's Andrea Mitchell, Pelosi said it's now the Republicans' turn to meet them. Talks between Pelosi and Mnuchin resumed in recent days after the two negotiations between the two helped narrowly avoid a federal government shutdown on September 30. (more...)
- September 30, 2020
The two agreed to speak again Wednesday morning. In an interview Monday with MSNBC's Andrea Mitchell, Pelosi said it's now the Republicans' turn to meet them. Talks between Pelosi and Mnuchin resumed in recent days after the two negotiations between the two helped narrowly avoid a federal government shutdown on September 30. (more...)
Lyft to end ride-share service in California on Friday
- September 30, 2020
Uber and Lyft avoid shutdown after court... Lyft spokeswoman Julie Wood told the New York Times that the order meant that the company would not have to suspend operations and that it would "continue fighting for independence plus benefits for drivers". (more...)
- September 30, 2020
Uber and Lyft avoid shutdown after court... Lyft spokeswoman Julie Wood told the New York Times that the order meant that the company would not have to suspend operations and that it would "continue fighting for independence plus benefits for drivers". (more...)
Disney to lay off 28000 at its parks in California, Florida
- September 30, 2020
Josh D'Amaro, chairman of Disney's parks, experiences and products segment, said in a statement that the company had made the "difficult decision" to cut staff. It strikes me as slightly petty of D'Amaro to call out California governor Gavin Newsom for not allowing Disneyland to reopen as the pandemic continues to rage. (more...)
- September 30, 2020
Josh D'Amaro, chairman of Disney's parks, experiences and products segment, said in a statement that the company had made the "difficult decision" to cut staff. It strikes me as slightly petty of D'Amaro to call out California governor Gavin Newsom for not allowing Disneyland to reopen as the pandemic continues to rage. (more...)
Democratic presidential nominee Biden to release 2019 tax returns on Tuesday
- September 30, 2020
The New York Times reported on Sunday that Mr. Trump paid $750 in federal income taxes in 2016 and 2017 and that he appears to be responsible for loans totaling more than $400 million, most of which are about to come due in the next several years. (more...)
- September 30, 2020
The New York Times reported on Sunday that Mr. Trump paid $750 in federal income taxes in 2016 and 2017 and that he appears to be responsible for loans totaling more than $400 million, most of which are about to come due in the next several years. (more...)
Worst-hit Australia state reports lowest cases after curbs eased
- September 29, 2020
Victoria has recorded 10 new cases of COVID-19 and seven further deaths. It follows just five new cases on Monday , but processed tests for that 24-hour period fell below 7000, prompting a warning from Premier Daniel Andrews that low testing rates could slow down Melbourne's route out of lockdown. (more...)
- September 29, 2020
Victoria has recorded 10 new cases of COVID-19 and seven further deaths. It follows just five new cases on Monday , but processed tests for that 24-hour period fell below 7000, prompting a warning from Premier Daniel Andrews that low testing rates could slow down Melbourne's route out of lockdown. (more...)
Apple reaches $2 trillion market value as tech fortunes soar
- September 29, 2020
In midday trading, Amazon's market cap reached nearly $1.7 trillion and Microsoft exceeded $1.6 trillion. Since then, Saudi Aramco's valuation has dropped back down to around $1.8trn, allowing Apple to surpass it and become the world's most valuable traded company. (more...)
- September 29, 2020
In midday trading, Amazon's market cap reached nearly $1.7 trillion and Microsoft exceeded $1.6 trillion. Since then, Saudi Aramco's valuation has dropped back down to around $1.8trn, allowing Apple to surpass it and become the world's most valuable traded company. (more...)
Musk thanks Tesla team for deliveries in 'toughest' quarter
- September 29, 2020
At the battery event, Tesla is expected to reveal a number of advancements in its battery tech that could give it an even greater advantage over other companies pursuing electric vehicles . Interested in buying a Tesla vehicle or Tesla Solar? Do you have a tip for CleanTechnica , would you like to advertise, or would you like to recommend a guest to our CleanTech Talk podcast? Sign up for our free Daily newsletter Or Weekly newsletter A story should never be missed. (more...)
- September 29, 2020
At the battery event, Tesla is expected to reveal a number of advancements in its battery tech that could give it an even greater advantage over other companies pursuing electric vehicles . Interested in buying a Tesla vehicle or Tesla Solar? Do you have a tip for CleanTechnica , would you like to advertise, or would you like to recommend a guest to our CleanTech Talk podcast? Sign up for our free Daily newsletter Or Weekly newsletter A story should never be missed. (more...)
Prototype of Hyundai's New Electric Vehicle RM20e
- September 28, 2020
Also, the new Tucson and new Elantra have made their China debut. Hyundai said the prototype's RM platform will "continue to evolve along with the growth of this Rimac" and that taking its N brand into "the forefront of environmental responsibility" forms a part of its plan to introduce 44 electrified models by 2025. (more...)
- September 28, 2020
Also, the new Tucson and new Elantra have made their China debut. Hyundai said the prototype's RM platform will "continue to evolve along with the growth of this Rimac" and that taking its N brand into "the forefront of environmental responsibility" forms a part of its plan to introduce 44 electrified models by 2025. (more...)
Precious Metals Set for Worst Week Since March on Rising Dollar
- September 28, 2020
Fears are mounting that rising coronavirus cases, particularly in Europe, may lead to more national lockdowns, denting the outlook for recovery. Gold's slump could prove temporary with increased uncertainty over the USA presidential election. (more...)
- September 28, 2020
Fears are mounting that rising coronavirus cases, particularly in Europe, may lead to more national lockdowns, denting the outlook for recovery. Gold's slump could prove temporary with increased uncertainty over the USA presidential election. (more...)
Donald Trump's tax returns emerge on eve of debate
- September 28, 2020
The letter said an audit of his returns since 2009 was ongoing, but it also pointed out that the IRS had finished inspecting Mr Trump's accounts from 2002 to 2008. Yep. Trump l-o-v-e-s corporate socialism for himself, rugged capitalism for everyone else. "It appears that the president has gamed the tax code to his advantage and used legal fights to delay or avoid paying what he owes", Neal said in a statement Sunday evening. (more...)
- September 28, 2020
The letter said an audit of his returns since 2009 was ongoing, but it also pointed out that the IRS had finished inspecting Mr Trump's accounts from 2002 to 2008. Yep. Trump l-o-v-e-s corporate socialism for himself, rugged capitalism for everyone else. "It appears that the president has gamed the tax code to his advantage and used legal fights to delay or avoid paying what he owes", Neal said in a statement Sunday evening. (more...)
US imposes restrictions on exports to China’s top chipmaker
- September 28, 2020
She added that the company had not received any official notice from the Commerce Department regarding new export restrictions. On Friday, September 25, the US Department of Commerce told American companies that exports to SMIC posed an "unacceptable risk" of being diverted to 'military use, ' according to a copy of the letter seen by the Financial Times . (more...)
- September 28, 2020
She added that the company had not received any official notice from the Commerce Department regarding new export restrictions. On Friday, September 25, the US Department of Commerce told American companies that exports to SMIC posed an "unacceptable risk" of being diverted to 'military use, ' according to a copy of the letter seen by the Financial Times . (more...)
Deal on paid sick leave for all Canadians should avert snap elections
- September 28, 2020
NDP Leader Jagmeet Singh has spelled out the conditions for earning the support of his party: legislation assuring that Canadians left jobless due to the pandemic won't have their emergency benefits cut and that Canadians who fall ill will get paid sick leave. (more...)
- September 28, 2020
NDP Leader Jagmeet Singh has spelled out the conditions for earning the support of his party: legislation assuring that Canadians left jobless due to the pandemic won't have their emergency benefits cut and that Canadians who fall ill will get paid sick leave. (more...)
United Airlines Is The First Airline With COVID-19 Testing For Passengers
- September 28, 2020
The company said the Droplet Digital PCR shallow nasal swab tests do meet Hawaii's testing requirements. The day United begins offering testing for travelers to Hawaii is the same day Hawaii will drop its mandatory 14-day quarantine for travelers who test negative for the virus within 72 hours of arrival. (more...)
- September 28, 2020
The company said the Droplet Digital PCR shallow nasal swab tests do meet Hawaii's testing requirements. The day United begins offering testing for travelers to Hawaii is the same day Hawaii will drop its mandatory 14-day quarantine for travelers who test negative for the virus within 72 hours of arrival. (more...)
Tesco starts rationing some items as panic buying returns
- September 27, 2020
A statement from Tesco reads: "To help our customers shop safely, we will also have colleagues at the entrances of our larger stores to remind customers about the safety measures we have in place, including the legal requirement to wear a face covering". (more...)
- September 27, 2020
A statement from Tesco reads: "To help our customers shop safely, we will also have colleagues at the entrances of our larger stores to remind customers about the safety measures we have in place, including the legal requirement to wear a face covering". (more...)
European Commission confirms Apple tax ruling appeal
- September 27, 2020
The European Commission has chose to appeal a European court ruling which absolved US technology giant Apple from repaying Ireland 13 billion euros (about 15.12 billion USA dollars) in tax arrears, the Commission's Executive Vice-President Margrethe Vestager said on Friday. (more...)
- September 27, 2020
The European Commission has chose to appeal a European court ruling which absolved US technology giant Apple from repaying Ireland 13 billion euros (about 15.12 billion USA dollars) in tax arrears, the Commission's Executive Vice-President Margrethe Vestager said on Friday. (more...)
Durable Goods Orders Rise on Machinery
- September 27, 2020
It was the fourth-consecutive monthly increase, but the most recent uptick was far weaker than July's 11.7% surge in orders to US factories for big-ticket manufactured goods, the Commerce Department reported Friday. Shipments of core capital goods increased 1.5 per cent last month. The dollar gained versus a basket of currencies. Core capital goods shipments are used to calculate equipment spending in the government's gross domestic product (GDP) measurement. (more...)
- September 27, 2020
It was the fourth-consecutive monthly increase, but the most recent uptick was far weaker than July's 11.7% surge in orders to US factories for big-ticket manufactured goods, the Commerce Department reported Friday. Shipments of core capital goods increased 1.5 per cent last month. The dollar gained versus a basket of currencies. Core capital goods shipments are used to calculate equipment spending in the government's gross domestic product (GDP) measurement. (more...)
Turkey's c-bank raises policy rate to 10.25%
- September 27, 2020
Before the choice, the lira had actually fallen more than 20 percent versus the dollar up until now this year. It downgraded Ankara's sovereign credit rating further into junk status at B2. As a result of coronavirus restrictions, the emerging nation's economy shrank almost 10 percent in the second quarter of this year. Efforts to stabilise the currency via higher interest rates should be accompanied by the Erdogan administration accelerating the pace of structural reforms. (more...)
- September 27, 2020
Before the choice, the lira had actually fallen more than 20 percent versus the dollar up until now this year. It downgraded Ankara's sovereign credit rating further into junk status at B2. As a result of coronavirus restrictions, the emerging nation's economy shrank almost 10 percent in the second quarter of this year. Efforts to stabilise the currency via higher interest rates should be accompanied by the Erdogan administration accelerating the pace of structural reforms. (more...)
Uber and Lyft avoid California shutdown with emergency stay
- September 27, 2020
Update (3:12PM ET): Though Lyft's site still states it plans to cease operations in California at midnight, a court has granted both Uber and Lyft a temporary reprieve to operate in the state. Both appealed and sought a stay on the decision until the case makes its way through the court, and they're waiting to see if that's granted. Uber and Lyft have said it would take them months to implement the mandate. (more...)
- September 27, 2020
Update (3:12PM ET): Though Lyft's site still states it plans to cease operations in California at midnight, a court has granted both Uber and Lyft a temporary reprieve to operate in the state. Both appealed and sought a stay on the decision until the case makes its way through the court, and they're waiting to see if that's granted. Uber and Lyft have said it would take them months to implement the mandate. (more...)
China gets nod to join FTSE Russell's trillion-dollar WGBI club
- September 27, 2020
Since being added to the FTSE watch list for WGBI inclusion in 2018, Chinese authorities have implemented significant improvements to the fixed-income market infrastructure to expand access to worldwide investors, including improving secondary market bond liquidity, enhancing the foreign exchange market structure, and developing global settlement and custody processes, FTSE Russel said in a statement. (more...)
- September 27, 2020
Since being added to the FTSE watch list for WGBI inclusion in 2018, Chinese authorities have implemented significant improvements to the fixed-income market infrastructure to expand access to worldwide investors, including improving secondary market bond liquidity, enhancing the foreign exchange market structure, and developing global settlement and custody processes, FTSE Russel said in a statement. (more...)
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