Markets
IMF MD: Global economic growth expected to fall to -4.4% in 2020
- October 17, 2020
The IMF is not the only worldwide organization that has raised its forecast for China. While forecasting a global contraction this year, after 2.8 per cent growth in 2019, the International Monetary Fund predicts a rebound to global growth of 5.2 per cent next year, 0.2 percentage point lower than in its June forecast. (more...)
- October 17, 2020
The IMF is not the only worldwide organization that has raised its forecast for China. While forecasting a global contraction this year, after 2.8 per cent growth in 2019, the International Monetary Fund predicts a rebound to global growth of 5.2 per cent next year, 0.2 percentage point lower than in its June forecast. (more...)
Pfizer COVID-19 Vaccine Delayed Until At Least Late November
- October 17, 2020
Its vaccine is in late stage trials in Brazil, Indonesia and Turkey, and the company has said that an interim analysis of Phase 3 trial data could come as early as November. "First, the vaccine must be proven effective, meaning it can help prevent COVID-19 disease in at least a majority of vaccinated patients". While vaccines are a crucial tool against the virus, experts have warned they can't be a substitute for behavioral measures like masks and social distancing to curb transmission. (more...)
- October 17, 2020
Its vaccine is in late stage trials in Brazil, Indonesia and Turkey, and the company has said that an interim analysis of Phase 3 trial data could come as early as November. "First, the vaccine must be proven effective, meaning it can help prevent COVID-19 disease in at least a majority of vaccinated patients". While vaccines are a crucial tool against the virus, experts have warned they can't be a substitute for behavioral measures like masks and social distancing to curb transmission. (more...)
US Stock Market Overview - Stock Rise Led by Strong Retail Sales
- October 17, 2020
The moves came after data showed USA retail sales rose more than expected last month. U.S. retail sales climbed 1.9 per cent in September, triple expectations, with purchases of cars and parts, clothing and sporting goods increasing dramatically, according to the Commerce Department report released before markets opened. (more...)
- October 17, 2020
The moves came after data showed USA retail sales rose more than expected last month. U.S. retail sales climbed 1.9 per cent in September, triple expectations, with purchases of cars and parts, clothing and sporting goods increasing dramatically, according to the Commerce Department report released before markets opened. (more...)
Over 28000 new unemployment claims filed for week of October 10
- October 17, 2020
The Department has distributed $16.5 billion in unemployment benefits since COVID-19 idled a significant portion of the state's workforce in mid-March, including $278 million last week alone. A $600-a-week federal benefit expired over the summer. Treasury Secretary Steve Mnuchin on Thursday told CNBC the Trump administration is not giving up on economic relief and he'll keep up negotiations, but he once again cast doubt on any deal coming together before Election Day. (more...)
- October 17, 2020
The Department has distributed $16.5 billion in unemployment benefits since COVID-19 idled a significant portion of the state's workforce in mid-March, including $278 million last week alone. A $600-a-week federal benefit expired over the summer. Treasury Secretary Steve Mnuchin on Thursday told CNBC the Trump administration is not giving up on economic relief and he'll keep up negotiations, but he once again cast doubt on any deal coming together before Election Day. (more...)
United Kingdom must prepare for ‘no deal’ Brexit, says PM Boris Johnson
- October 17, 2020
British Prime Minister Boris Johnson said today that the United Kingdom must prepare for a no-deal break with the European Union unless there is a "fundamental" change of position from the bloc, as the two sides swapped blame for failing to strike a trade deal with just weeks until the end-of-year deadline. (more...)
- October 17, 2020
British Prime Minister Boris Johnson said today that the United Kingdom must prepare for a no-deal break with the European Union unless there is a "fundamental" change of position from the bloc, as the two sides swapped blame for failing to strike a trade deal with just weeks until the end-of-year deadline. (more...)
Nigeria's Inflation rate rises to 13.71 per cent in September
- October 16, 2020
In the meantime, the output price index of the country which measures the price of factory-gate dropped by 2.1% in September on an annual basis compared to a 2.0% decrease in August with the drop in petroleum prices increasing. This rise in the food index was caused by increases in prices of Bread and Cereals, Potatoes, yam and other tubers, Meat, Fish, Fruits and Oils and fats. (more...)
- October 16, 2020
In the meantime, the output price index of the country which measures the price of factory-gate dropped by 2.1% in September on an annual basis compared to a 2.0% decrease in August with the drop in petroleum prices increasing. This rise in the food index was caused by increases in prices of Bread and Cereals, Potatoes, yam and other tubers, Meat, Fish, Fruits and Oils and fats. (more...)
Elon Musk Slashes Price Of Tesla Model S Just For Lols
- October 16, 2020
The base model will sell for $77,400 before incentives, so $69,900 after the federal tax credit. You see where this is headed, right? The similarities extend into the cabin - things are pretty much identical to the Model 3 , with a 15-inch touchscreen being the predominant feature of the cabin. (more...)
- October 16, 2020
The base model will sell for $77,400 before incentives, so $69,900 after the federal tax credit. You see where this is headed, right? The similarities extend into the cabin - things are pretty much identical to the Model 3 , with a 15-inch touchscreen being the predominant feature of the cabin. (more...)
Mitsubishi Eclipse Cross revealed
- October 16, 2020
The front end adopts an evolved version of Mitsubishi's signature Dynamic Shield design concept, expressing strength and security. The rear makes equally subtle - but impactful - changes, with a modified hatch and rear window that improves outward visibility. (more...)
- October 16, 2020
The front end adopts an evolved version of Mitsubishi's signature Dynamic Shield design concept, expressing strength and security. The rear makes equally subtle - but impactful - changes, with a modified hatch and rear window that improves outward visibility. (more...)
OPEC+ panel discusses weaker oil demand outlook, Libya supply rise, sources say
- October 16, 2020
Brent crude futures were down $0.28 or 0.7% to $43.04 a barrel, while US West Texas Intermediate ( WTI ) futures fell by $0.24 or 0.6%, touching $40.80, Reuters reported. OPEC+ - producers from the Organization of the Petroleum Exporting Countries (OPEC) and others including Russian Federation - have been reducing output since January 2017 in a bid to balance the market, support prices and reduce inventories. (more...)
- October 16, 2020
Brent crude futures were down $0.28 or 0.7% to $43.04 a barrel, while US West Texas Intermediate ( WTI ) futures fell by $0.24 or 0.6%, touching $40.80, Reuters reported. OPEC+ - producers from the Organization of the Petroleum Exporting Countries (OPEC) and others including Russian Federation - have been reducing output since January 2017 in a bid to balance the market, support prices and reduce inventories. (more...)
European Union to continue pursuing United Kingdom trade deal
- October 16, 2020
Lord Frost branded the response "unusual" in a statement released later. "That's what I have proposed to the British team", Barnier said. The prime minister had threatened to walk away if there was no agreement by the time of the EU Summit, which began yesterday. (more...)
- October 16, 2020
Lord Frost branded the response "unusual" in a statement released later. "That's what I have proposed to the British team", Barnier said. The prime minister had threatened to walk away if there was no agreement by the time of the EU Summit, which began yesterday. (more...)
Bored of your Ikea furniture? They'll buy it back
- October 16, 2020
The worldwide scheme will see customers given vouchers to spend at Ikea stores, the value of which will depend on the condition of the items they are returning. While the program has ignited interest among Ikea lovers, not all of the company's furniture products will be eligible for it. For " very good " parts with slight scratches, owners will receive 40% for " well used " parts with multiple scratches, owners will receive 30%. (more...)
- October 16, 2020
The worldwide scheme will see customers given vouchers to spend at Ikea stores, the value of which will depend on the condition of the items they are returning. While the program has ignited interest among Ikea lovers, not all of the company's furniture products will be eligible for it. For " very good " parts with slight scratches, owners will receive 40% for " well used " parts with multiple scratches, owners will receive 30%. (more...)
First 'bubble' flights to Australia as Vic virus cases fall
- October 16, 2020
Since March, Australia's borders have been closed to everyone except returning Australian citizens and residents and those with special permission. Under the deal, New Zealanders can travel quarantine-free to Australia if they have not been to a Covid-19 hotspot for 14 days. (more...)
- October 16, 2020
Since March, Australia's borders have been closed to everyone except returning Australian citizens and residents and those with special permission. Under the deal, New Zealanders can travel quarantine-free to Australia if they have not been to a Covid-19 hotspot for 14 days. (more...)
WTO OKs $4B In EU Tariffs In Boeing Subsidies Dispute
- October 16, 2020
The retaliatory tariffs stem from a complaint filed 16 years ago and follows a parallel case the us filed against the EU over tariffs to Airbus subsidies that resulted in permission to the U.S.to impose as much as $7.5 billion in tariffs on European planes, wine, cheese and other products. (more...)
- October 16, 2020
The retaliatory tariffs stem from a complaint filed 16 years ago and follows a parallel case the us filed against the EU over tariffs to Airbus subsidies that resulted in permission to the U.S.to impose as much as $7.5 billion in tariffs on European planes, wine, cheese and other products. (more...)
Senate Panel Wraps Confirmation Hearings for Trump's Supreme Court Pick
- October 16, 2020
The Trump administration offered a $1.8 trillion deal this week, which would offer another round of stimulus checks and aid for airlines and other industries. Trump said Thursday that he did still think a deal is possible before November 3 - "because I think there's a lot of pressure on Pelosi". McConnell on Thursday said in no uncertain terms that he won't call a vote on a stimulus bill anywhere near the size Pelosi and Mnuchin are discussing. (more...)
- October 16, 2020
The Trump administration offered a $1.8 trillion deal this week, which would offer another round of stimulus checks and aid for airlines and other industries. Trump said Thursday that he did still think a deal is possible before November 3 - "because I think there's a lot of pressure on Pelosi". McConnell on Thursday said in no uncertain terms that he won't call a vote on a stimulus bill anywhere near the size Pelosi and Mnuchin are discussing. (more...)
IEA says oil producers may struggle to gauge demand amid second wave
- October 15, 2020
Nonetheless, the COVID-19 pandemic already fuelled some changes, with renewables set to be the only energy source expected to grow in 2020, it added. If Covid-19 recovery happens in 2021, coal demand will continue to fall. 'In the absence of a larger shift in policies, it is still too early to foresee a rapid decline in oil demand, the report said. (more...)
- October 15, 2020
Nonetheless, the COVID-19 pandemic already fuelled some changes, with renewables set to be the only energy source expected to grow in 2020, it added. If Covid-19 recovery happens in 2021, coal demand will continue to fall. 'In the absence of a larger shift in policies, it is still too early to foresee a rapid decline in oil demand, the report said. (more...)
United Kingdom unemployment rate hits highest level in three years
- October 15, 2020
However, separate tax office data showed the number of staff on company payrolls rose by a monthly 20,000 in September, slightly reducing the total number of job losses by that measure since March to 673,000. Statistics suggest men have been hit hardest - the unemployment rate reaching 4.9 percent between June and August 2020, a rise of 0.7 percent from the previous quarter. (more...)
- October 15, 2020
However, separate tax office data showed the number of staff on company payrolls rose by a monthly 20,000 in September, slightly reducing the total number of job losses by that measure since March to 673,000. Statistics suggest men have been hit hardest - the unemployment rate reaching 4.9 percent between June and August 2020, a rise of 0.7 percent from the previous quarter. (more...)
Social Security Cost of Living Adjustment (COLA) for 2021: 1.3%
- October 15, 2020
The situation is causing those with the lower Social Security benefits to see little growth in their net Social Security income after deduction of the Part B premium. The Social Security Act ties the annual COLA to the increase in the Consumer Price Index as determined by the Department of Labor's Bureau of Labor Statistics. (more...)
- October 15, 2020
The situation is causing those with the lower Social Security benefits to see little growth in their net Social Security income after deduction of the Part B premium. The Social Security Act ties the annual COLA to the increase in the Consumer Price Index as determined by the Department of Labor's Bureau of Labor Statistics. (more...)
Where to pre-order the iPhone 12 range: 12/12 Pro arrive Friday
- October 15, 2020
On stage, Vestberg proudly announced that Verizon had switched on a nationwide 5G network, and that the company's fastest "ultra wideband" signal would be in 60 cities by the end of the year. It's highly likely that the iPhone 12 range will also be available from key United Kingdom stockists like John Lewis , Amazon , Currys PC World and Argos once the range is released - the companies do sell just about every other Apple product, after all. (more...)
- October 15, 2020
On stage, Vestberg proudly announced that Verizon had switched on a nationwide 5G network, and that the company's fastest "ultra wideband" signal would be in 60 cities by the end of the year. It's highly likely that the iPhone 12 range will also be available from key United Kingdom stockists like John Lewis , Amazon , Currys PC World and Argos once the range is released - the companies do sell just about every other Apple product, after all. (more...)
Singapore Airlines’ A380 restaurant tickets sell out in 30 minutes
- October 15, 2020
The airline has now added two additional seatings, and will also be looking at options to "potentially accommodate" those who missed out. "We are grateful for the extremely strong support from our customers, and we look forward to welcoming them to Restaurant A380 Changi", said Lee Lik Hsin, SIA Executive Vice President Commercial said in a news release. (more...)
- October 15, 2020
The airline has now added two additional seatings, and will also be looking at options to "potentially accommodate" those who missed out. "We are grateful for the extremely strong support from our customers, and we look forward to welcoming them to Restaurant A380 Changi", said Lee Lik Hsin, SIA Executive Vice President Commercial said in a news release. (more...)
Lenovo surpasses HP again to top the global traditional PC market
- October 15, 2020
Thanks to the pandemic's work- and learn-from-home requirements, PC sales rose 8.43 percent in the third quarter year-over-year (YOY) to 73.1 million units. Perhaps, largely influenced by the global need to furnish new home offices amid a pandemic forcing people to shelter-in-place, United States shipments grew by 11.4% year over year while worldwide the market grew by 3.6% YoY. (more...)
- October 15, 2020
Thanks to the pandemic's work- and learn-from-home requirements, PC sales rose 8.43 percent in the third quarter year-over-year (YOY) to 73.1 million units. Perhaps, largely influenced by the global need to furnish new home offices amid a pandemic forcing people to shelter-in-place, United States shipments grew by 11.4% year over year while worldwide the market grew by 3.6% YoY. (more...)
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