Money
Georgia Unemployment Claims Reach Record High in April
- May 23, 2020
The Labor Department reported Thursday that 2.44 million Americans filed for first-time benefits in the week that ended May 16, bringing the total to some 38.6 million workers in the nine weeks since the coronavirus-induced lockdown has closed large parts of the US economy. (more...)
- May 23, 2020
The Labor Department reported Thursday that 2.44 million Americans filed for first-time benefits in the week that ended May 16, bringing the total to some 38.6 million workers in the nine weeks since the coronavirus-induced lockdown has closed large parts of the US economy. (more...)
Asian Stocks Set to Slip on US-China Tension: Markets Wrap
- May 23, 2020
The S&P 500 closed lower on Thursday, with signs mounting that President Donald Trump will make his tough stance on China a key element of his re-election bid. Gold prices picked up $12.70 to $1,734.60 U.S.an ounce. For the week, crude has increased almost 13 per cent, helping to push up equity markets, as demand has grown and production has been cut. (more...)
- May 23, 2020
The S&P 500 closed lower on Thursday, with signs mounting that President Donald Trump will make his tough stance on China a key element of his re-election bid. Gold prices picked up $12.70 to $1,734.60 U.S.an ounce. For the week, crude has increased almost 13 per cent, helping to push up equity markets, as demand has grown and production has been cut. (more...)
China proposes law to tighten its grip on Hong Kong
- May 23, 2020
Hong Kong was required to introduce security legislation after the handover from British control to China in 1997. Hong Kong, a former British colony, was handed to China in 1997 and has been governed by a system that guaranteed freedoms, such as freedom of speech and free elections, that are not allowed on mainland China. (more...)
- May 23, 2020
Hong Kong was required to introduce security legislation after the handover from British control to China in 1997. Hong Kong, a former British colony, was handed to China in 1997 and has been governed by a system that guaranteed freedoms, such as freedom of speech and free elections, that are not allowed on mainland China. (more...)
New US Law Could Force Chinese Companies to De-list
- May 22, 2020
A recent scandal involving Luckin Coffee, China's version of Starbucks, which fabricated millions worth of sales previous year, provided U.S. legislators with the impetus to tighten regulation of foreign companies listing in the United States which, although it doesn't specifically say so, is targeting Chinese firms. (more...)
- May 22, 2020
A recent scandal involving Luckin Coffee, China's version of Starbucks, which fabricated millions worth of sales previous year, provided U.S. legislators with the impetus to tighten regulation of foreign companies listing in the United States which, although it doesn't specifically say so, is targeting Chinese firms. (more...)
Pompeo: China measure a 'death knell' for Hong Kong autonomy
- May 22, 2020
On Thursday, State Department spokesperson Morgan Ortagus said: "Any effort to impose national security legislation that does not reflect the will of the people of Hong Kong would be highly destabilizing, and would be met with strong condemnation from the United States and the global community". (more...)
- May 22, 2020
On Thursday, State Department spokesperson Morgan Ortagus said: "Any effort to impose national security legislation that does not reflect the will of the people of Hong Kong would be highly destabilizing, and would be met with strong condemnation from the United States and the global community". (more...)
Dearborn employees, Chicago plants test positive for Covid-19
- May 22, 2020
These temporary closures come just two days after Ford , as well as other vehicle manufacturers, re-opened production plants throughout the United States. A section of the factory, where more than 5,800 people work, was closed, said Brian Rothenberg, spokesman for the UAW union, confirming reports in the local press. (more...)
- May 22, 2020
These temporary closures come just two days after Ford , as well as other vehicle manufacturers, re-opened production plants throughout the United States. A section of the factory, where more than 5,800 people work, was closed, said Brian Rothenberg, spokesman for the UAW union, confirming reports in the local press. (more...)
NBS: Nigeria's inflation rate rises to 12.34% in April
- May 22, 2020
It came as gas prices fell by 39.3%, Statistics Canada said. Food, however, increased in price by 3.4%, while cleaning products surged 4.6%. The National Bureau of Statistics (NBS) disclosed this yesterday in its Consumer Price Index (CPI) Report for April 2020. (more...)
- May 22, 2020
It came as gas prices fell by 39.3%, Statistics Canada said. Food, however, increased in price by 3.4%, while cleaning products surged 4.6%. The National Bureau of Statistics (NBS) disclosed this yesterday in its Consumer Price Index (CPI) Report for April 2020. (more...)
Facebook Shifting to Permanent Work-From-Home Status for Many Employees
- May 22, 2020
He predicted some cost savings related to real estate, food and labor costs, as sky-high compensation packages common in Silicon Valley will be adjusted if Facebook employees opt to live in less-pricey regions. "That's not really the approach", Zuckerberg explained. Shopify boss Lütke tweeted: "As of today, Shopify is digital by default". After publishing its most recent earnings at the beginning of May, Shopify became the most valuable public company in Canada. (more...)
- May 22, 2020
He predicted some cost savings related to real estate, food and labor costs, as sky-high compensation packages common in Silicon Valley will be adjusted if Facebook employees opt to live in less-pricey regions. "That's not really the approach", Zuckerberg explained. Shopify boss Lütke tweeted: "As of today, Shopify is digital by default". After publishing its most recent earnings at the beginning of May, Shopify became the most valuable public company in Canada. (more...)
United Kingdom government sells first bond with negative yield
- May 22, 2020
A £3.75bn auction of government bonds included a gilt that matures in July 2023 sold at an average yield of -0.003%, the Debt Management Office said. While investors will receive an annual interest payment of 0.75%, they paid above face value for the bond so the actual return in cash terms is less than they have lent. (more...)
- May 22, 2020
A £3.75bn auction of government bonds included a gilt that matures in July 2023 sold at an average yield of -0.003%, the Debt Management Office said. While investors will receive an annual interest payment of 0.75%, they paid above face value for the bond so the actual return in cash terms is less than they have lent. (more...)
Next U.S. coronavirus rescue package not too far off -McConnell
- May 22, 2020
Senate Democratic Leader Chuck Schumer said last summer Ratcliffe had been selected because he had shown "blind loyalty" to Trump. Senators are prepared to leave town for a weeklong Memorial Day break without having acted on any new relief. (more...)
- May 22, 2020
Senate Democratic Leader Chuck Schumer said last summer Ratcliffe had been selected because he had shown "blind loyalty" to Trump. Senators are prepared to leave town for a weeklong Memorial Day break without having acted on any new relief. (more...)
Swiggy, Zomato launch alcohol delivery in Jharkhand: Details here
- May 22, 2020
The spokesperson added that Amazon Food will be launched in select Bengaluru pin codes. Amazon's entry in the food delivery space could be a major challenge for Zomato and Swiggy that occupy a majority share of the food delivery market in the country. (more...)
- May 22, 2020
The spokesperson added that Amazon Food will be launched in select Bengaluru pin codes. Amazon's entry in the food delivery space could be a major challenge for Zomato and Swiggy that occupy a majority share of the food delivery market in the country. (more...)
GDP growth in 2020-21 likely to remain in negative: RBI Governor
- May 22, 2020
MPC is of the view that headline inflation in first half of 2020 will be stay intact but by Q3 and Q4 it may fall below the target of 4 percent, said the RBI governor. RBI has hiked the group exposure limit for banks to 30 percent from 25 percent. The state governments maintain a Consolidated Sinking Fund (CSF) with the Reserve Bank as a buffer for repayment of their liabilities. (more...)
- May 22, 2020
MPC is of the view that headline inflation in first half of 2020 will be stay intact but by Q3 and Q4 it may fall below the target of 4 percent, said the RBI governor. RBI has hiked the group exposure limit for banks to 30 percent from 25 percent. The state governments maintain a Consolidated Sinking Fund (CSF) with the Reserve Bank as a buffer for repayment of their liabilities. (more...)
Facebook Expects Half Its Employees To Work Remotely Forever
- May 22, 2020
Facebook is more prepared to deal with potential state-sponsored interference in the upcoming 2020 U.S. presidential election than it was four years ago, CEO Mark Zuckerberg has claimed in an interview. He said the company was committed to keeping its current office spaces, which include a tony Menlo Park headquarters designed by architect Frank Gehry, featuring a rooftop garden and a courtyard sheltered by redwood trees. (more...)
- May 22, 2020
Facebook is more prepared to deal with potential state-sponsored interference in the upcoming 2020 U.S. presidential election than it was four years ago, CEO Mark Zuckerberg has claimed in an interview. He said the company was committed to keeping its current office spaces, which include a tony Menlo Park headquarters designed by architect Frank Gehry, featuring a rooftop garden and a courtyard sheltered by redwood trees. (more...)
India cuts policy rate 40 basis points to ease coronavirus shock
- May 22, 2020
Assuming economic activity gets restored in a phased manner especially in the second half of this year, and taking into consideration favorable base effects, it is expected that the combination of fiscal, monetary and administrative measures being now undertaken both by the government and the RBI could create conditions for a gradual revival in activity in the second half of 2021. (more...)
- May 22, 2020
Assuming economic activity gets restored in a phased manner especially in the second half of this year, and taking into consideration favorable base effects, it is expected that the combination of fiscal, monetary and administrative measures being now undertaken both by the government and the RBI could create conditions for a gradual revival in activity in the second half of 2021. (more...)
No annual growth target for virus-hit China, a first in years
- May 22, 2020
China on Friday abandoned setting an economic growth target for 2020, citing "great uncertainty" over the impact of the coronavirus pandemic on the world's second-largest economy . Private sector analysts say as many as 30 percent of the country's 442 urban workers - or as many as 130 million people - lost jobs at least temporarily when the economy shut down to fight the virus and as many as 25 million jobs might be lost for good this year. (more...)
- May 22, 2020
China on Friday abandoned setting an economic growth target for 2020, citing "great uncertainty" over the impact of the coronavirus pandemic on the world's second-largest economy . Private sector analysts say as many as 30 percent of the country's 442 urban workers - or as many as 130 million people - lost jobs at least temporarily when the economy shut down to fight the virus and as many as 25 million jobs might be lost for good this year. (more...)
McDonalds Reopening Six Dublin Drive-Thrus Today
- May 22, 2020
Ravenswood McDonald's Drive Thru is set to reopen today at 11am following the traffic chaos yesterday. Global fast food giant McDonald's has begun its reopening plans for its Irish outlets as of today, Wednesday, May 20, with the opening of the first six of its restaurant "drive-thrus" as of this morning. (more...)
- May 22, 2020
Ravenswood McDonald's Drive Thru is set to reopen today at 11am following the traffic chaos yesterday. Global fast food giant McDonald's has begun its reopening plans for its Irish outlets as of today, Wednesday, May 20, with the opening of the first six of its restaurant "drive-thrus" as of this morning. (more...)
More than 2.4 million Americans filed for unemployment in the past week
- May 22, 2020
Economists polled by Reuters had forecast claims would total 2.4 million in the latest week. Continuing claims under the PUA program totaled 6.12 million as of May 2. Initial claims appeared to have passed their peak hit in late March, and the latest figure is down 249,000 from the almost 2.7 million claims file in the week ended May 9. (more...)
- May 22, 2020
Economists polled by Reuters had forecast claims would total 2.4 million in the latest week. Continuing claims under the PUA program totaled 6.12 million as of May 2. Initial claims appeared to have passed their peak hit in late March, and the latest figure is down 249,000 from the almost 2.7 million claims file in the week ended May 9. (more...)
COVID-19: Rishi Sunak Warns UK Headed for 'severe Recession'
- May 22, 2020
About 8m jobs have been protectedthrough the government's furlough scheme. We are getting data from around Europe and around the world as countries are progressively easing and lifting restrictions. Jonathan Athow, deputy national statistician for economic statistics at the ONS, said: "While only covering the first weeks of restrictions, our figures show Covid-19 is having a major impact on the labour market". (more...)
- May 22, 2020
About 8m jobs have been protectedthrough the government's furlough scheme. We are getting data from around Europe and around the world as countries are progressively easing and lifting restrictions. Jonathan Athow, deputy national statistician for economic statistics at the ONS, said: "While only covering the first weeks of restrictions, our figures show Covid-19 is having a major impact on the labour market". (more...)
Trump administration contracts biotech firm to make COVID-19 on US soil
- May 22, 2020
The number of coronavirus cases in the USA exceeded 1.5 million yesterday, as total deaths 90,000, according to a Reuters tally of state and county figures. Phlow Corp is a generic drug maker based in Virginia which makes medicines overseas, mostly in India and China, according to the NYT . Phlow has partnered with other groups, including Civica Rx , Ampac Fine Chemicals and the Medicines for All Institute to manufacture the medicines. (more...)
- May 22, 2020
The number of coronavirus cases in the USA exceeded 1.5 million yesterday, as total deaths 90,000, according to a Reuters tally of state and county figures. Phlow Corp is a generic drug maker based in Virginia which makes medicines overseas, mostly in India and China, according to the NYT . Phlow has partnered with other groups, including Civica Rx , Ampac Fine Chemicals and the Medicines for All Institute to manufacture the medicines. (more...)
Costco Employee Kicks Out Customer For Refusing To Comply With Coronavirus Measures
- May 21, 2020
When the customer refused to put one on because in his words, he "woke up in a free country", Tison informed the shopper that he is no longer welcome in the warehouse, promptly taking his cart away while politely wishing him a great day. "Because we live in a free country". To which Tison replies, "Hi, everyone". With that Tison takes the customer's cart away: "Sir, have a great day". (more...)
- May 21, 2020
When the customer refused to put one on because in his words, he "woke up in a free country", Tison informed the shopper that he is no longer welcome in the warehouse, promptly taking his cart away while politely wishing him a great day. "Because we live in a free country". To which Tison replies, "Hi, everyone". With that Tison takes the customer's cart away: "Sir, have a great day". (more...)
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