Markets


Australia urges exporters to find other markets as tensions rise in China Australia urges exporters to find other markets as tensions rise in China
- November 07, 2020

A Chinese source briefed on the matter said that trade in the goods was effectively halted for now, and other products such as beef could be affected in future. administration's attempts to contain China". The move came days after $2 million worth of live Australian rock lobster sat on a tarmac in Shanghai for four days after the Chinese government claimed it did not meet import guidelines. (more...)
Victoria Wants To Build The Largest Battery In The Southern Hemisphere Victoria Wants To Build The Largest Battery In The Southern Hemisphere
- November 07, 2020

Australia's southeastern state - has raised the stakes on grid-scale batteries - announcing a new Tesla partnership to construct a big 300-megawatt battery, according to a blog post on an Australian government website. Power consumers in Victoria will pay for battery use via their power bills - and the South Australia project has projected a drop, not a rise, in power bills. (more...)
Christie to Trump: Show us proof of election fraud Christie to Trump: Show us proof of election fraud
- November 07, 2020

States also have diverse deadlines on receiving absentee ballots, especially those coming from the military or other citizens living overseas. Biden has multiple paths to the presidency. Biden has maintained a lead there, but it has slimmed as officials in Maricopa County update their tallies. Journalists continue to standby for news after early results in the 2020 U.S. (more...)
How to get started with WhatsApp Payment feature How to get started with WhatsApp Payment feature
- November 07, 2020

However, today, Zuckerberg notes that the company is working on ( WhatsApp payment system) with the National Corporation of India, who oversee everything to to make sure it's secure and reliable. If your friend or any family member has blocked you on Whatsapp due to any problem or conflict, then there is no need to worry. This is expected to allay fears of potential monopolisation. (more...)
The economy added 84000 jobs in October The economy added 84000 jobs in October
- November 06, 2020

It is the highest jobless rate in the province. The gains in October continue to fill the employment gap caused by the pandemic with hundreds of thousands of jobs yet to be recovered. Other numbers across Western Canada are showing higher unemployment rates, including Manitoba (7.1%), British Columbia (8.0%), and Alberta (10.1%). (more...)
Another 750K in USA file new unemployment claims, Labor Dept. says Another 750K in USA file new unemployment claims, Labor Dept. says
- November 06, 2020

The report Friday from the Labor Department said the unemployment rate sank a full percentage point from 7.9% in September. Trump on Thursday alleged fraud without providing evidence, suggesting some votes cast in Tuesday's election were "illegal" and launching lawsuits in several states over the ballot counting process. (more...)
Stocks dip Friday as post-election surge hits pause Stocks dip Friday as post-election surge hits pause
- November 06, 2020

Republicans could keep control of the US Senate pending the outcome of four undecided Senate races and they would likely block large parts of Biden's legislative agenda, including expanding healthcare and fighting climate change. Stocks climbed in Asia after the Reserve Bank of Australia cut interest rates to near zero and boosted its bond-buying program, a precursor to expectations the Bank of England on Thursday will also ramp up its bond purchases. (more...)
Tesla tequila is sold out: Buy an empty bottle on eBay? Tesla tequila is sold out: Buy an empty bottle on eBay?
- November 06, 2020

Apart from the name, the Tesla Tequila also evolved significantly in terms of packaging and presentation. According to the Tesla website, the expression is a sipping Tequila and has a "dry fruit and light vanilla nose with a balanced cinnamon pepper finish". (more...)
USA authorities seize $1 billion worth of Silk Road Bitcoins USA authorities seize $1 billion worth of Silk Road Bitcoins
- November 06, 2020

Furthermore, the court documents show that the law enforcement seized more than BTC 69,370, as well as similar amounts of bitcoin cash (BCH ), bitcoin gold (BTG ), and bitcoin SV (BSV ). Where did the money go? "$1 billion of these criminal proceeds are now in the United States' possession". The IRS had help from two companies, Chainalysis and Excygent, in tracking down Individual X. (more...)
Bentley says it plans to ditch gasoline-powered cars by 2030 Bentley says it plans to ditch gasoline-powered cars by 2030
- November 06, 2020

As part of this plan, Bentley will ramp up its push to electrification, and it has committed to reducing the environmental impact of its Crewe factory by 75% from 2010 levels within five years. "We would love to keep working on six engines plus battery electric vehicles plus hybrids", Hallmark said, "but we haven't got the capacity to do it". (more...)
Biden on brink of defeating Trump as Dollar drops, stocks surge Biden on brink of defeating Trump as Dollar drops, stocks surge
- November 06, 2020

The Federal Reserve kept its loose monetary policy intact and pledged again to do whatever it can in coming months to sustain a US economic recovery threatened by the spreading coronavirus pandemic. Gold edged higher on Thursday to hit a two-week high and the dollar retreated on renewed hopes for a new USA stimulus package. A softer dollar supported the Japanese yen, which climbed to a near eight-month high of 103.43 yen against the dollar overnight. (more...)
WhatsApp Pay finally gets nod to launch with 20 million users WhatsApp Pay finally gets nod to launch with 20 million users
- November 06, 2020

In the beginning, it has been allowed a maximum user base of 20 million subscribers in UPI. While WhatsApp awaits final clearance from the Reserve Bank of India (RBI), which will allow the company to roll the service out to its 400-million-plus user base, with NPCI's green light, it can be offered to 20 million users, compared with 1 million now. (more...)
No solution with Britain on fisheries yet — EU Commission No solution with Britain on fisheries yet — EU Commission
- November 06, 2020

In news that could indicate a breakthrough in the cross-Channel trade talks, the commission confirmed chief European Union negotiator Michel Barnier will update MEPs on the progress of the discussions this week. The UK says any new agreement on fisheries must be based on the understanding that " British fishing grounds are first and foremost for British boats ". (more...)
Pickup truck production to return to GM plant in Oshawa Pickup truck production to return to GM plant in Oshawa
- November 06, 2020

Dias said GM will start hiring workers back to the plant in August 2021. Investment in a new production line will begin immediately after ratification, expected Sunday, Dias said. Production began in 1953 and at its peak in the 1980s, the plant employed roughly 23,000 people. "These are General Motors' best selling vehicles", says Dias. (more...)
Bank pumps another £150bn into economy as rates held at 0.1% Bank pumps another £150bn into economy as rates held at 0.1%
- November 05, 2020

A person walks past the Bank of England in London on November 5, 2020. At the height of the program, around 9 million workers, or around a third of the workforce, were on furlough. Financed by the issuance of central bank reserves, the additional 150 billion pounds (about 196 billion dollars) will take the total stock of government bond purchases to 875 billion pounds (around 1,143 billion dollars), said the bank in its quarterly Monetary Policy Report. (more...)
Cruise Cruise "No Sail" Order Lifted, But American Cruises Won't Resume
- November 05, 2020

For cruise ships to start sailing, they'll have to be rewarded with a conditional sail certificate from the CDC that takes 60 days for approval. CLIA has announced that its cruise line members will maintain their ongoing voluntary suspension of cruise operations in the USA through December 31, 2020. (more...)
Australia's central bank launches digital currency project | NewsTalk 610 AM & 103.9 FM Australia's central bank launches digital currency project | NewsTalk 610 AM & 103.9 FM
- November 05, 2020

Reserve Bank of Australia says the new partnership focuses on researching the potential use and implications of a wholesale form of central bank digital currency ( CBDC ) using distributed ledger technology (DLT). It will build on a limited PoC of a DLT-based interbank payment system that was developed by the bank's in-house innovation lab past year using a tokenised form of CBDC backed by exchange settlement account balances. (more...)
India’s services activity grows in October for first time in eight months India’s services activity grows in October for first time in eight months
- November 05, 2020

The expansion was supported by increases in output and new orders but was accompanied by a 12th straight month of falling employment, IHS Markit said. Brazilian manufacturing expanded at a record pace in October, a survey of purchasing managers' activity showed on Tuesday, as a rise in employment and export orders to new highs helped extend the sector's strong post-coronavirus recovery. (more...)
BOE leaves rates unchanged, expands QE to £875 billion, GBP/USD bounces BOE leaves rates unchanged, expands QE to £875 billion, GBP/USD bounces
- November 05, 2020

The expansion takes the size of the asset purchase facility to nearly £875bn. It also entered England second Full shutdown In the year, the bank said its decision to launch more quantitative easing now reflects efforts to keep the wheels spinning as large parts of the economy come to a standstill. (more...)
Burger King's Sportsmanship revealed during this worst time Burger King's Sportsmanship revealed during this worst time
- November 05, 2020

While in the UK, BURGER KING® has relied on promotion through an element of solidarity with the wider food industry sector, the company's North American operations have taken a more confrontational approach to promotion, with the restaurant chain announcing a free whopper sandwich to customers who drive near one. (more...)

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