Money


PIF invests $1.5bn in Jio Platforms PIF invests $1.5bn in Jio Platforms
- June 23, 2020

India's most valuable company said in a statement on Friday that it secured $15.2bn by bringing on investors including Facebook and a slew of funds into Jio Platforms , the digital business that is at the heart of Mr Ambani's ambition to transform his energy-led empire. (more...)
Petrol, diesel prices hiked for sixteenth consecutive day; check latest rates here Petrol, diesel prices hiked for sixteenth consecutive day; check latest rates here
- June 22, 2020

The good news is that the auto fuel price rise may either stop or the quantum of increase could fall in the coming week as oil companies have now priced the products closer to the worldwide benchmark rates. Economist Dr Waqar says in the budget, the government has announced that it will be fixing the petroleum levy at Rs30 per litre while an additional 17% sales tax and freight margin will also be imposed. (more...)
'Keep each other safe': Harris urges public to wear face coverings 'Keep each other safe': Harris urges public to wear face coverings
- June 22, 2020

The rules will apply to people travelling on all public transport in England - such as buses, trains, trams and planes. Officials in Wales, Scotland and Northern Ireland are encouraging passengers to wear a mask or covering, but it is not mandatory. (more...)
Names of most PPP loan borrowers will be made public Names of most PPP loan borrowers will be made public
- June 22, 2020

Cardin and Democratic Senators Chris Coons of DE and Jeanne Shaheen of New Hampshire introduced the "Prioritized Paycheck Protection Program (P4) Act" that would extend the June 30 deadline to December 30 or longer to apply for a forgivable PPP loan while creating a new option for a second loan for borrowers with 100 employees or fewer that have lost at least half their revenue due to the pandemic. (more...)
Coronavirus thrusts Quebec into historic near-$15 billion deficit Coronavirus thrusts Quebec into historic near-$15 billion deficit
- June 22, 2020

The shortfall - stemming from a combination of sinking tax revenue and virus-related expenses - includes a C$4 billion provision to mitigate a potential second wave of infections. "There's obviously a lot of uncertainty but we're giving you the best that we can". The reserve fund was created by law to help the province avoid budget deficits. (more...)
Include Chhattisgarh In Garib Kalyan Rojgar Abhiyaan: Bhupesh Baghel Include Chhattisgarh In Garib Kalyan Rojgar Abhiyaan: Bhupesh Baghel
- June 22, 2020

According to the government, the scheme focuses on 116 districts across six states including Uttar Pradesh, Bihar, Jharkhand, Madhya Pradesh, Rajasthan and Odisha. The " Garib Kalyan Rozgar Abhiyaan " was launched by Modi via video conference in Katihar village in Bihar in the presence of chief ministers of five states Bihar, Madhya Pradesh, Uttar Pradesh, Rajasthan, Jharkhand and a minister of Odisha. (more...)
Carnival Corporation sells six ships as return to operation slips Carnival Corporation sells six ships as return to operation slips
- June 22, 2020

The cruise industry has been hit pretty really hard by the pandemic, with several questioning irrespective of whether it has responded correctly. As of June 15, the U.S. Marketing and sales budgets have been slashed, which could impact future earnings potential, and hiring has been frozen. The ships are expected to leave the fleet in the next 90 days with "additional agreements" also underway, Carnival said. (more...)
$19 flights: Border blockade to end with a bang $19 flights: Border blockade to end with a bang
- June 21, 2020

Qantas is offering triple points for frequent flyers on all routes as part of a plan to reboot domestic air travel. "Our research tells us more than 75 percent of Australians intend to fly in the next six months", Mr. Customers will have to cover any fare increases, if relevant, for a new booking. For up-to-date info on state border restrictions, head here . The Northern Territory and Tasmania are still insisting that travellers self-isolate for 14 days once they enter the state, ... (more...)
Bank says Wirecard's missing funds didn't enter Philippines Bank says Wirecard's missing funds didn't enter Philippines
- June 21, 2020

The search for the missing cash hit a dead end in the Philippines, but the two Philippine banks have said documents purporting to show Wirecard had deposited funds with them were false. "The initial report is that no money entered the Philippines and that there is no loss to both banks", Diokno said, though he added that the central bank was investigating. (more...)
Ontario sees uptick in new COVID-19 cases, 31 additional deaths Ontario sees uptick in new COVID-19 cases, 31 additional deaths
- June 21, 2020

It is the highest number of new cases since 266 were reported on June 13 . After nearly a week of daily increases of fewer than 200 new cases of COVID-19, Ontario saw a slightly higher rise in its most recent report. She noted that most regions are seeing few or no new cases - with 125 of the cases today from Toronto and the neighbouring Region of Peel. Speaking to CP24 on Sunday, Mayor John Tory said he is "very optimistic" that Toronto will be given the green light to move to the ... (more...)
U.S. Stocks Open Higher, Set for Weekly Gains U.S. Stocks Open Higher, Set for Weekly Gains
- June 21, 2020

Biogen Inc dropped 7.5% after a US district court ruled in favor of generic drugmaker Mylan NV in a patent dispute. Beijing extended its movement curbs as it fought the worst resurgence of the disease since early February. Shortly after the opening bell, the Dow Jones Industrial Average jumped 332.27 points, or 1.27 percent, to 26,412.37. The S&P 500 and Nasdaq eked out small gains. (more...)
Hertz shares halted amid rethinking of stock sale in bankruptcy Hertz shares halted amid rethinking of stock sale in bankruptcy
- June 21, 2020

While, its stock performance story has been another fascinating watch. The U.S. Securities and Exchange Commission (SEC ) has told bankrupt Hertz Global Holdings it has issues with the auto rental firm's plan to sell new shares , the agency's Chairman Jay Clayton told CNBC television on June 17. (more...)
Wirecard's future in doubt after revealing missing $2.1B Wirecard's future in doubt after revealing missing $2.1B
- June 20, 2020

Braun, who has been CEO since 2002, owns a 7% stake in the company. Wirecard shares plunged 24% at 9:11 a.m.in Frankfurt on Friday, taking the stock's losses to 71% since Wednesday's close. In-house auditor EY had regularly approved Wirecard's accounts in recent years, and its refusal to sign off for 2019 provided dramatic confirmation of the failings highlighted in an external probe by KPMG last month. (more...)
Taco Bell Fires Employee for Wearing Black Lives Matter Face Covering Taco Bell Fires Employee for Wearing Black Lives Matter Face Covering
- June 20, 2020

In a statement to CNN Business, Starbucks said it's "critical to support the " Black Lives Matter " movement as its founders intended and will continue to work closely with community leaders, civil rights leaders, organizations, and our partners to understand the role that Starbucks can play, and to show up in a positive way for our communities". (more...)
Kia Motors teases next generation Carnival MPV ahead of launch Kia Motors teases next generation Carnival MPV ahead of launch
- June 20, 2020

All we have to go on so far is that the all-new Carnival will be getting the brand's signature tiger nose grille , and that it will flaunt "high-tech" headlights. The image depicts the new Carnival in Korean specification and shows the minivan in a shade of eye-catching red paint sitting on a set of mammoth wheels with silver spokes. (more...)
VW's Canada-bound ID.4 electric crossover leaked in photos VW's Canada-bound ID.4 electric crossover leaked in photos
- June 20, 2020

The look of the ID.4 Cross is clean and uncluttered, with good, nearly wagon-like proportions and some nice sculpted character lines on the sides. As suggested by the I.D. Gepostet von CarNewsChina.com am Mittwoch, 17. The design of the ID.4 is not surprising. In the photos we can also identify two trim levels: a 1st Edition and a PRO. (more...)
Mazda unveils new BT-50 pickup truck for Australian market Mazda unveils new BT-50 pickup truck for Australian market
- June 20, 2020

Mazda have been staying out of the pickup truck segment for a long time but they are ready to jump back in with the Mazda BT-50. Steeping inside the cabin, the new BT-50 boasts the pure Mazda style with the same finesse in design execution. (more...)
Tesla homes in on Austin and Texas for location of Cybertruck site Tesla homes in on Austin and Texas for location of Cybertruck site
- June 20, 2020

The 850-hectare site under consideration is now a ready mix concrete facility owned by Martin Marietta Materials Inc . As announced by Electrek , the purchase of the land has meant about 5 million dollars for Tesla , although it has been accompanied by a series of tax advantages under the premise of the boost that will generate employment in the area . (more...)
'Officer Karen' Has Mental Breakdown About Her McDonald's Egg McMuffin Order 'Officer Karen' Has Mental Breakdown About Her McDonald's Egg McMuffin Order
- June 20, 2020

The video was posted by a popular conservative Twitter account and the caption identified the woman only as Stacey, "who has been a cop for 15 yrs". It is likely that Deputy Stacy Talbert's anxiety over her fast food order stemmed from the false rumour circulating earlier this week that three NYPD officers were poisoned through Shake Shack milkshakes. (more...)
U.S. stocks end mixed in volatile trading U.S. stocks end mixed in volatile trading
- June 20, 2020

Apple announced that the company would re-close almost a dozen stores in four states where the number of cases of COVID is rising. All the 11 primary S&P 500 sectors rallied, with energy up more than 2 percent, outpacing the rest. The quadruple witching day saw plenty of movement. The S&P is synchronising its delayed rebalancing to take advantage of that liquidity. Later in the day, Jerome Powell, Chairman of the Federal Reserve System, will be testifying before the Senate as part of ... (more...)

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