Markets
Samsung group chairman Lee Kun-hee dies at 78
- October 25, 2020
A former Samsung executive remembered Lee as a figure who transformed not only his own company but South Korean business as a whole. Lee Kun-hee inherited control from his father and during his almost 30 years of leadership, Samsung Electronics Co . (more...)
- October 25, 2020
A former Samsung executive remembered Lee as a figure who transformed not only his own company but South Korean business as a whole. Lee Kun-hee inherited control from his father and during his almost 30 years of leadership, Samsung Electronics Co . (more...)
SpaceX Falcon 9 rocket ties turnaround record, nears 1000 Starlink satellites launched
- October 25, 2020
The second stage ignited the Merlin Vacuum (MVac) engine seconds later, igniting toward a first low Earth corner orbit for six minutes. Falcon 9 booster B1060 streaks through vacuum towards drone ship JRTI as the rocket's payload fairing jettisons to expose 60 new Starlink satellites , followed by MVac's burn towards orbit. (more...)
- October 25, 2020
The second stage ignited the Merlin Vacuum (MVac) engine seconds later, igniting toward a first low Earth corner orbit for six minutes. Falcon 9 booster B1060 streaks through vacuum towards drone ship JRTI as the rocket's payload fairing jettisons to expose 60 new Starlink satellites , followed by MVac's burn towards orbit. (more...)
Quibi Sets December App Shutdown Date
- October 25, 2020
The new streaming service Quibi announced this week that it will be shutting down for good and now the app's final date of service has been revealed. Whitman added: " Quibi is not succeeding". The circumstances of launching during a pandemic is something we could have never imagined but other businesses have faced these unprecedented challenges and have found their way through it. (more...)
- October 25, 2020
The new streaming service Quibi announced this week that it will be shutting down for good and now the app's final date of service has been revealed. Whitman added: " Quibi is not succeeding". The circumstances of launching during a pandemic is something we could have never imagined but other businesses have faced these unprecedented challenges and have found their way through it. (more...)
Guinness is bringing out an alcohol-free version of the black fabric
- October 25, 2020
Guinness 0 .0 is brewed at St. James's Gate in Dublin, the Home of Guinness, and will be rolled out in Great Britain and Ireland. The company said the process involved brewing traditional Guinness beer, using the same ingredients, which include water, barley, hops, and yeast. (more...)
- October 25, 2020
Guinness 0 .0 is brewed at St. James's Gate in Dublin, the Home of Guinness, and will be rolled out in Great Britain and Ireland. The company said the process involved brewing traditional Guinness beer, using the same ingredients, which include water, barley, hops, and yeast. (more...)
FDA approves first treatment for COVID-19; antiviral Remdesivir
- October 24, 2020
Approval means the drug's maker, Gilead , provided more information to the FDA on the medication's effectiveness and safety than was used to issue the EUA. It is usually given over five days and works by helping to stop the replication of COVID-19 in the body. "It is incredible to be in the position today, less than one year since the earliest case reports of the disease now known as COVID-19, of having an FDA-approved treatment in the USA that is available for all appropriate patients in ... (more...)
- October 24, 2020
Approval means the drug's maker, Gilead , provided more information to the FDA on the medication's effectiveness and safety than was used to issue the EUA. It is usually given over five days and works by helping to stop the replication of COVID-19 in the body. "It is incredible to be in the position today, less than one year since the earliest case reports of the disease now known as COVID-19, of having an FDA-approved treatment in the USA that is available for all appropriate patients in ... (more...)
PM orders Oz Post boss to stand aside
- October 24, 2020
In a statement, Lucio de Bartholomew, head of the Australia Post, said the committee and management would "fully co-operate" with the investigation, which will be carried out by the finance and communications departments with the help of an external law firm. (more...)
- October 24, 2020
In a statement, Lucio de Bartholomew, head of the Australia Post, said the committee and management would "fully co-operate" with the investigation, which will be carried out by the finance and communications departments with the help of an external law firm. (more...)
Brexit deal doable now process back on track - Irish foreign minister
- October 24, 2020
The deal largely preserves the terms under which Britain traded with Tokyo as a member of the European Union, according to Japan's Ministry of Foreign Affairs. The UK-Japan Comprehensive Economic Partnership Agreement has been trumpeted by London as a sign to Brexit opponents that agreements can be struck elsewhere. (more...)
- October 24, 2020
The deal largely preserves the terms under which Britain traded with Tokyo as a member of the European Union, according to Japan's Ministry of Foreign Affairs. The UK-Japan Comprehensive Economic Partnership Agreement has been trumpeted by London as a sign to Brexit opponents that agreements can be struck elsewhere. (more...)
Uber and Lyft must comply with AB 5, appeals court orders
- October 24, 2020
Uber Technologies Inc. and Lyft Inc. face the gravest threat yet to their business models after an appeals court ruled they must treat their drivers in California as employees instead of independent contractors. The ruling marks a significant development in a months-long legal fight between the companies and the state of California, which in May sued Uber and Lyft and claimed they were in violation of state law . (more...)
- October 24, 2020
Uber Technologies Inc. and Lyft Inc. face the gravest threat yet to their business models after an appeals court ruled they must treat their drivers in California as employees instead of independent contractors. The ruling marks a significant development in a months-long legal fight between the companies and the state of California, which in May sued Uber and Lyft and claimed they were in violation of state law . (more...)
Covid-19 impact: Amazon extends work from home option till June
- October 23, 2020
With Europe experiencing a second wave of the global Coronavirus pandemic , Amazon has told its staff they can work from home until June 2021. "The workers who are in a position that can easily be performed from their homes are invited to do so until 30 June 2021". (more...)
- October 23, 2020
With Europe experiencing a second wave of the global Coronavirus pandemic , Amazon has told its staff they can work from home until June 2021. "The workers who are in a position that can easily be performed from their homes are invited to do so until 30 June 2021". (more...)
Tesla stock surges after Elon Musk's electric-car company posts record profits
- October 23, 2020
Tesla shares surged as much as 5.5% in pre-market trading on Thursday after Elon Musk's electric-car company posted third-quarter earnings on Wednesday that beat Wall Street's expectations . The price for FSD has been inching up over the years . It was on the company's third quarter earnings call in 2019 that Musk first talked about the fully self-driving system. (more...)
- October 23, 2020
Tesla shares surged as much as 5.5% in pre-market trading on Thursday after Elon Musk's electric-car company posted third-quarter earnings on Wednesday that beat Wall Street's expectations . The price for FSD has been inching up over the years . It was on the company's third quarter earnings call in 2019 that Musk first talked about the fully self-driving system. (more...)
Britain and Japan sign post-Brexit trade deal
- October 23, 2020
London and Tokyo signed a major free trade agreement on Friday, which is expected to increase commerce between the two countries by an estimated €16.8 billion ($19.9 billion). The UK Department for International Trade said it provides bespoke benefits that go beyond the European Union deal, including in areas such as digital and data, financial services, food and drink, and creative industries. (more...)
- October 23, 2020
London and Tokyo signed a major free trade agreement on Friday, which is expected to increase commerce between the two countries by an estimated €16.8 billion ($19.9 billion). The UK Department for International Trade said it provides bespoke benefits that go beyond the European Union deal, including in areas such as digital and data, financial services, food and drink, and creative industries. (more...)
United Kingdom inflation accelerated after the Eat Out to Help Out scheme
- October 23, 2020
Canada's consumer-price index increased 0.5% on a year-over-year basis in September, Statistics Canada said Wednesday, versus a 0.1% rise in the previous month. This was partially offset by smaller downward contributions from furniture, household equipment and maintenance; games, toys and hobbies; and food and non-alcoholic beverages. (more...)
- October 23, 2020
Canada's consumer-price index increased 0.5% on a year-over-year basis in September, Statistics Canada said Wednesday, versus a 0.1% rise in the previous month. This was partially offset by smaller downward contributions from furniture, household equipment and maintenance; games, toys and hobbies; and food and non-alcoholic beverages. (more...)
Brexit: UK to restart trade talks with European Union after threatening to quit
- October 22, 2020
Following the conversation, Downing Street said the pair had "jointly agreed a set of principles for handling this intensified phase of talks". Lord Frost, Britain's chief negotiator, is expected to speak to Mr Barnier again by phone today - the third day running they will have spoken - with one Whitehall source saying they were "cautiously optimistic" that negotiations could be back on. (more...)
- October 22, 2020
Following the conversation, Downing Street said the pair had "jointly agreed a set of principles for handling this intensified phase of talks". Lord Frost, Britain's chief negotiator, is expected to speak to Mr Barnier again by phone today - the third day running they will have spoken - with one Whitehall source saying they were "cautiously optimistic" that negotiations could be back on. (more...)
WEF: Half of all work tasks to be automated
- October 22, 2020
Based on these figures, we estimate that by 2025, 85 million jobs may be displaced by a shift in the division of labour between humans and machines, while 97 million new roles may emerge that are more adapted to the new division of labour between humans, machines and algorithms. (more...)
- October 22, 2020
Based on these figures, we estimate that by 2025, 85 million jobs may be displaced by a shift in the division of labour between humans and machines, while 97 million new roles may emerge that are more adapted to the new division of labour between humans, machines and algorithms. (more...)
NY's single utilize plastic bag boycott to light up on Monday
- October 22, 2020
The ban had been set for March 1, but was not enforced during an ongoing lawsuit filed by a local plastic bag maker, along with bodega owners. A judge, however, upheld most of the new regulation in August. The bag ban is back on. "There's an excessive amount of waste and single-use plastic that's used daily in New York City and all over the world", said Frohardt. (more...)
- October 22, 2020
The ban had been set for March 1, but was not enforced during an ongoing lawsuit filed by a local plastic bag maker, along with bodega owners. A judge, however, upheld most of the new regulation in August. The bag ban is back on. "There's an excessive amount of waste and single-use plastic that's used daily in New York City and all over the world", said Frohardt. (more...)
Streaming Platform Quibi Reportedly Shutting Down
- October 22, 2020
Quibi launched in April priced at $4.99 with ads and $7.99 without ads. Another report suggested that Katzenberg called investors on Wednesday to let them know he's shutting down Quibi. Quibi, which has raised about $1.75 billion, is also trying to drive subscriptions and usage amid the introduction of other premium-level streaming services from major media companies, including HBO Max (WarnerMedia), Peacock (NBCU) and Paramount+, a new supersized OTT service from ViacomCBS that will ... (more...)
- October 22, 2020
Quibi launched in April priced at $4.99 with ads and $7.99 without ads. Another report suggested that Katzenberg called investors on Wednesday to let them know he's shutting down Quibi. Quibi, which has raised about $1.75 billion, is also trying to drive subscriptions and usage amid the introduction of other premium-level streaming services from major media companies, including HBO Max (WarnerMedia), Peacock (NBCU) and Paramount+, a new supersized OTT service from ViacomCBS that will ... (more...)
Netflix to give Indian users free access for one weekend
- October 21, 2020
Information on the event was initially uncovered in the code for the Netflix mobile app and the company was quick to confirm that it was real. Netflix , a popular streaming platform, is planning to offer its streaming services to non-subscribers in India free of cost for a weekend. (more...)
- October 21, 2020
Information on the event was initially uncovered in the code for the Netflix mobile app and the company was quick to confirm that it was real. Netflix , a popular streaming platform, is planning to offer its streaming services to non-subscribers in India free of cost for a weekend. (more...)
Stocks open higher on Wall Street following solid earnings
- October 21, 2020
Wall Street's major averages finished higher on Tuesday as investors pinned hopes on the agreement over a new U.S. COVID-19 relief package. The S&P 500 Index gained 1 per cent as of 1:01 p.m. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. (more...)
- October 21, 2020
Wall Street's major averages finished higher on Tuesday as investors pinned hopes on the agreement over a new U.S. COVID-19 relief package. The S&P 500 Index gained 1 per cent as of 1:01 p.m. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. (more...)
Broker's take: Jefferies says Cathay Pacific restructuring removes key overhang
- October 21, 2020
The restructuring is aimed at reducing Cathay Pacific's cash burn to 500 million Hong Kong dollars ($64.5 million) a month, from about 1.5 billion Hong Kong dollars ($193.5 million) to 2 billion Hong Kong ($258 million) dollars now, Cathay Pacific CEO Augustus Tang said in a statement . (more...)
- October 21, 2020
The restructuring is aimed at reducing Cathay Pacific's cash burn to 500 million Hong Kong dollars ($64.5 million) a month, from about 1.5 billion Hong Kong dollars ($193.5 million) to 2 billion Hong Kong ($258 million) dollars now, Cathay Pacific CEO Augustus Tang said in a statement . (more...)
Pelosi, Mnuchin move closer to stimulus deal amid Senate doubts
- October 21, 2020
People across the United States have said they've struggled to pay rent and cover other bills in recent months. "Let's make a judgment". "Long-term investors have shifted focus on what the November election outcome means for stimulus later, with a Democrat victory seen boosting gold's sentiment with a very large stimulus package", Phillip Futures Pte. (more...)
- October 21, 2020
People across the United States have said they've struggled to pay rent and cover other bills in recent months. "Let's make a judgment". "Long-term investors have shifted focus on what the November election outcome means for stimulus later, with a Democrat victory seen boosting gold's sentiment with a very large stimulus package", Phillip Futures Pte. (more...)
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