Money
Airbnb plans to go public in 2020
- September 21, 2019
As of 15 September 2019, hosts have earned more than $80bn sharing their homes and spaces on Airbnb , the company says . Confirming long-awaited plans, but offering few specifics, travel behemoth Airbnb has said that it will pursue an initial public offering sometime in 2020. (more...)
- September 21, 2019
As of 15 September 2019, hosts have earned more than $80bn sharing their homes and spaces on Airbnb , the company says . Confirming long-awaited plans, but offering few specifics, travel behemoth Airbnb has said that it will pursue an initial public offering sometime in 2020. (more...)
Beyond Meat rival Impossible Foods readies for retail debut in California
- September 21, 2019
A "diverse crew of grandmas" will be cooking their favorite dishes for shoppers at the center, according to a statement from Impossible Foods . The Silicon Valley company's push into grocery stores will allow Impossible Foods to compete directly with Beyond Meat and a growing list of plant-based alternatives gaining traction in supermarkets as the brands battle for the attention of diners seeking alternatives to beef. (more...)
- September 21, 2019
A "diverse crew of grandmas" will be cooking their favorite dishes for shoppers at the center, according to a statement from Impossible Foods . The Silicon Valley company's push into grocery stores will allow Impossible Foods to compete directly with Beyond Meat and a growing list of plant-based alternatives gaining traction in supermarkets as the brands battle for the attention of diners seeking alternatives to beef. (more...)
Youth Climate Activists Lead Global Strikes
- September 21, 2019
Today's Global Climate Strike resulted in millions of people taking to the streets in protest of governmental inaction toward the threats of climate change, and the scenes of marches from across the world have been stunning. "The reality is Canada does not have ambitious climate targets", she said. "Now, putting the user first means doing everything we can to fight for their homes, for their families, their futures". (more...)
- September 21, 2019
Today's Global Climate Strike resulted in millions of people taking to the streets in protest of governmental inaction toward the threats of climate change, and the scenes of marches from across the world have been stunning. "The reality is Canada does not have ambitious climate targets", she said. "Now, putting the user first means doing everything we can to fight for their homes, for their families, their futures". (more...)
Thomas Cook has approached United Kingdom government for bailout funds - FT
- September 21, 2019
A row between Thomas Cook and taxpayer-controlled Royal Bank of Scotland has escalated with both sides blaming each other for taking the travel agent to the verge of collapse. Thomas Cook's lending banks and bondholders were to stump up a further £450-million under the plan and convert their existing debt to equity, giving them in total about 75 per cent of the airline and up to 25 per cent in the tour operator business, the group said. (more...)
- September 21, 2019
A row between Thomas Cook and taxpayer-controlled Royal Bank of Scotland has escalated with both sides blaming each other for taking the travel agent to the verge of collapse. Thomas Cook's lending banks and bondholders were to stump up a further £450-million under the plan and convert their existing debt to equity, giving them in total about 75 per cent of the airline and up to 25 per cent in the tour operator business, the group said. (more...)
Facebook says it has suspended 'tens of thousands' of apps
- September 21, 2019
The review was launched in 2018 after revelations that the political consultancy hijacked personal data on millions of Facebook users and included attorneys, external investigators, data scientists, engineers, policy specialists and others, according to a Facebook statement. (more...)
- September 21, 2019
The review was launched in 2018 after revelations that the political consultancy hijacked personal data on millions of Facebook users and included attorneys, external investigators, data scientists, engineers, policy specialists and others, according to a Facebook statement. (more...)
GST Council lowers tax rates but tries to protect fiscal health
- September 21, 2019
While the enhanced RBI dividend will not accrue in state coffers (as it is a non-tax revenue), the revenue foregone because of corporation tax cuts would reduce the funds devolved from the Centre. Any new domestic company incorporated on or after Oct 1, 2019, making fresh investment in manufacturing, has an option to pay income tax at 15 %. India's annual economic growth fell to a 25-quarter low of 5% in April-June period. (more...)
- September 21, 2019
While the enhanced RBI dividend will not accrue in state coffers (as it is a non-tax revenue), the revenue foregone because of corporation tax cuts would reduce the funds devolved from the Centre. Any new domestic company incorporated on or after Oct 1, 2019, making fresh investment in manufacturing, has an option to pay income tax at 15 %. India's annual economic growth fell to a 25-quarter low of 5% in April-June period. (more...)
Mitsubishi Stock Drops as Rogue Oil Trader Loses $320 Million USD
- September 21, 2019
A rogue employee at a unit of Mitsubishi Corporation used unauthorized trades to bet on oil markets , disguised them to look like "hedge transactions" with customers, then lost millions when the market went south. It could be the biggest loss in oil markets since China's Sinopec Corp said past year it had lost about $700 million on crude hedging. "These investigations confirmed that there are no such problems or risks at present". (more...)
- September 21, 2019
A rogue employee at a unit of Mitsubishi Corporation used unauthorized trades to bet on oil markets , disguised them to look like "hedge transactions" with customers, then lost millions when the market went south. It could be the biggest loss in oil markets since China's Sinopec Corp said past year it had lost about $700 million on crude hedging. "These investigations confirmed that there are no such problems or risks at present". (more...)
Hopes for trade breakthrough fade as China cancels US farm visits
- September 21, 2019
The burst of diplomacy follows two months of ratcheting up of the trade dispute after senior officials previously met in Shanghai in late July. His remaining workers seem to have faith in the Chinese economy, where demand still exists domestically and from countries that aren't the U.S. (more...)
- September 21, 2019
The burst of diplomacy follows two months of ratcheting up of the trade dispute after senior officials previously met in Shanghai in late July. His remaining workers seem to have faith in the Chinese economy, where demand still exists domestically and from countries that aren't the U.S. (more...)
Trump signals restraint on possible military on strike Iran
- September 21, 2019
Iranian foreign minister Javad Zarif said that, while the country was willing to talk to its regional rivals in the Middle East, it would not hold talks with the United States unless Washington went back on its sanctions. Pompeo, who arrived in the UAE from Saudi Arabia on Thursday for talks with Abu Dhabi's crown prince, welcomed the move on Twitter: "Recent events underscore the importance of protecting global commerce and freedom of navigation". (more...)
- September 21, 2019
Iranian foreign minister Javad Zarif said that, while the country was willing to talk to its regional rivals in the Middle East, it would not hold talks with the United States unless Washington went back on its sanctions. Pompeo, who arrived in the UAE from Saudi Arabia on Thursday for talks with Abu Dhabi's crown prince, welcomed the move on Twitter: "Recent events underscore the importance of protecting global commerce and freedom of navigation". (more...)
Fed plans to conduct daily repo operations until October 10
- September 21, 2019
The Federal Reserve plans to keep pouring tens of billions of dollars a day into the USA banking system through early October in a bid to avert another market disruption as the end of the quarter approaches, a time when lending typically diminishes. (more...)
- September 21, 2019
The Federal Reserve plans to keep pouring tens of billions of dollars a day into the USA banking system through early October in a bid to avert another market disruption as the end of the quarter approaches, a time when lending typically diminishes. (more...)
Bank of England keeps interest rate at 0.75%
- September 21, 2019
Sterling and British government bond yields fell slightly after the policy statement, which potentially opens the door to a rate cut if Brexit uncertainty becomes chronic or the global economy takes a sharp downturn. The minutes are the strongest clue yet as to how policy makers are bracing for extensions to the Brexit deadline. Analysts cite continued uncertainty around the outcome on Brexit as the main factor tying the Bank of England's hands on rates. (more...)
- September 21, 2019
Sterling and British government bond yields fell slightly after the policy statement, which potentially opens the door to a rate cut if Brexit uncertainty becomes chronic or the global economy takes a sharp downturn. The minutes are the strongest clue yet as to how policy makers are bracing for extensions to the Brexit deadline. Analysts cite continued uncertainty around the outcome on Brexit as the main factor tying the Bank of England's hands on rates. (more...)
India Stocks Poised For Biggest Jump in a Decade on Tax Cuts
- September 21, 2019
New companies formed from October 1 will attract 15% tax and an effective rate of 17.01%, Sitharaman said. Ashutosh Datar, an independent economist, told AFP the tax cuts were "long overdue as India has one of the highest tax rates in the world". (more...)
- September 21, 2019
New companies formed from October 1 will attract 15% tax and an effective rate of 17.01%, Sitharaman said. Ashutosh Datar, an independent economist, told AFP the tax cuts were "long overdue as India has one of the highest tax rates in the world". (more...)
Damage at Saudi oil facilities revealed after airstrikes
- September 21, 2019
Zarif was responding to a statement a day earlier by U.S. Secretary of State Mike Pompeo during a visit to Abu Dhabi that: "While the foreign minister of Iran is threatening all-out war and to fight to the last American, we're here to build up a coalition aimed at achieving peace". (more...)
- September 21, 2019
Zarif was responding to a statement a day earlier by U.S. Secretary of State Mike Pompeo during a visit to Abu Dhabi that: "While the foreign minister of Iran is threatening all-out war and to fight to the last American, we're here to build up a coalition aimed at achieving peace". (more...)
Mark Zuckerberg rejects call from USA lawmaker to break up Facebook
- September 21, 2019
Zuckerberg also met President Donald Trump in the Oval Office. Neither side disclosed specifics of their discussion. Zuckerberg has been calling for more internet regulation around harmful content, election integrity, privacy and data portability. (more...)
- September 21, 2019
Zuckerberg also met President Donald Trump in the Oval Office. Neither side disclosed specifics of their discussion. Zuckerberg has been calling for more internet regulation around harmful content, election integrity, privacy and data portability. (more...)
'Some progress made' as UAW-GM negotiations continue amid strike
- September 20, 2019
Now, GM has also halted production on its flex line that produces the Chevrolet Impala and employs about 650 workers. Wright said work continues at stamping operations in Oshawa, a parts plant in St. Mr. Dias said about 800 workers on GM's St. Catharines engine line could be laid off by Monday. It's unknown how many workers at suppliers in the US have been impacted by the strike. (more...)
- September 20, 2019
Now, GM has also halted production on its flex line that produces the Chevrolet Impala and employs about 650 workers. Wright said work continues at stamping operations in Oshawa, a parts plant in St. Mr. Dias said about 800 workers on GM's St. Catharines engine line could be laid off by Monday. It's unknown how many workers at suppliers in the US have been impacted by the strike. (more...)
CannTrust Receives Cannabis License Suspension from Health Canada
- September 20, 2019
CannTrust will now be barred from growing new lots or batches of cannabis and from selling or distributing any products, but will still be able to "cultivate and harvest existing lots of batches" as well as trim, mill and dry that product, the release said. (more...)
- September 20, 2019
CannTrust will now be barred from growing new lots or batches of cannabis and from selling or distributing any products, but will still be able to "cultivate and harvest existing lots of batches" as well as trim, mill and dry that product, the release said. (more...)
HSN waiting for more info from province on tracking vaping-related illnesses
- September 20, 2019
Even as debate continues on whether the use of electronic cigarettes is safer than smoking cigarettes itself, India's cabinet has announced a ban on the production, import and sale of electronic cigarettes, saying they pose a risk to health . (more...)
- September 20, 2019
Even as debate continues on whether the use of electronic cigarettes is safer than smoking cigarettes itself, India's cabinet has announced a ban on the production, import and sale of electronic cigarettes, saying they pose a risk to health . (more...)
Corporate tax rates slashed for domestic companies: Sitharaman
- September 20, 2019
Major foreign companies, however, tend to be incorporated in India , and so would be eligible for the lower corporate tax rate. "It will arrest the downtrend in sentiment, and auto companies are among the highest tax payers, so this will help some of the sectors that have been worst hit recently". (more...)
- September 20, 2019
Major foreign companies, however, tend to be incorporated in India , and so would be eligible for the lower corporate tax rate. "It will arrest the downtrend in sentiment, and auto companies are among the highest tax payers, so this will help some of the sectors that have been worst hit recently". (more...)
US weighs more intel sharing with Saudi Arabia after attack
- September 20, 2019
But Saudi's loss could be America's gain: USA shale producers could step in to save the day and become the real beneficiaries of the situation. "Blaming Iran won't end disaster". The official spoke on condition of anonymity to discuss the internal deliberations. Trump has said the United States was " locked and loaded " to retaliate and on Monday questioned Iran's claim that it had nothing to do with Saturday's attack. (more...)
- September 20, 2019
But Saudi's loss could be America's gain: USA shale producers could step in to save the day and become the real beneficiaries of the situation. "Blaming Iran won't end disaster". The official spoke on condition of anonymity to discuss the internal deliberations. Trump has said the United States was " locked and loaded " to retaliate and on Monday questioned Iran's claim that it had nothing to do with Saturday's attack. (more...)
New Roku Express and Roku Ultra players to load videos 20% faster
- September 20, 2019
Like its predecessor, the Ultra once again ships with a JBL wireless headphone for private listening via its remote control, and the remote now also features 2 customizable buttons that can be programmed with shortcuts. The Roku Express and Roku Ultra are available for pre-order at Roku.com today. The Roku Ultra features HD, 4K & HDR picture quality and Dolby and DTS Digital Surround pass-through over HDMI . (more...)
- September 20, 2019
Like its predecessor, the Ultra once again ships with a JBL wireless headphone for private listening via its remote control, and the remote now also features 2 customizable buttons that can be programmed with shortcuts. The Roku Express and Roku Ultra are available for pre-order at Roku.com today. The Roku Ultra features HD, 4K & HDR picture quality and Dolby and DTS Digital Surround pass-through over HDMI . (more...)
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Trade deficit narrowed in May as exports rose and imports fell again