Money
Amazon pledges US$2 billion to fight climate change
- June 25, 2020
Amazon said the $2 billion is just a starting point; more could be added to the fund at a later date. Microsoft, one of Amazon's cloud computing rivals, said it would invest up to $1bn to back technology that could help remove carbon from the earth's atmosphere. (more...)
- June 25, 2020
Amazon said the $2 billion is just a starting point; more could be added to the fund at a later date. Microsoft, one of Amazon's cloud computing rivals, said it would invest up to $1bn to back technology that could help remove carbon from the earth's atmosphere. (more...)
Global economy to take $12tn hit from coronavirus
- June 25, 2020
For those hopeful of just a minor contraction in output, an update of the World Economic Outlook of the International Monetary Fund (IMF ) issued on Wednesday offers a sobering picture. The worldwide body's chief economist Gita Gopinath also warned that economic scarring from failed businesses and health fears would drag on recovery in the second half of the year. (more...)
- June 25, 2020
For those hopeful of just a minor contraction in output, an update of the World Economic Outlook of the International Monetary Fund (IMF ) issued on Wednesday offers a sobering picture. The worldwide body's chief economist Gita Gopinath also warned that economic scarring from failed businesses and health fears would drag on recovery in the second half of the year. (more...)
Wirecard: Scandal-hit firm files for insolvency
- June 25, 2020
The missing 1.9 billion euros was supposed to be in trustee accounts but the two Philippine banks the company said held the money have said they have no dealings with Wirecard. Auditor EY refused to sign off on the company's annual report. Adding to the damage to Germany's corporate reputation was the reaction of the financial regulator, BaFin, when media reports a year ago questioned the company's accounting. (more...)
- June 25, 2020
The missing 1.9 billion euros was supposed to be in trustee accounts but the two Philippine banks the company said held the money have said they have no dealings with Wirecard. Auditor EY refused to sign off on the company's annual report. Adding to the damage to Germany's corporate reputation was the reaction of the financial regulator, BaFin, when media reports a year ago questioned the company's accounting. (more...)
Dodge up, Tesla way down in JD Power quality survey
- June 25, 2020
And one of the simplest means of determining these attributes across a wide variety of brands is checking the annual studies conducted by J.D. Power, particularly those that look at dependability and initial quality. "Brands that deliver a simple tech experience tend to perform much better". And I can say with some confidence that Tesla probably won't care about their results as a company, but that isn't true for other automakers, some of which care pretty deeply, even when they are not ... (more...)
- June 25, 2020
And one of the simplest means of determining these attributes across a wide variety of brands is checking the annual studies conducted by J.D. Power, particularly those that look at dependability and initial quality. "Brands that deliver a simple tech experience tend to perform much better". And I can say with some confidence that Tesla probably won't care about their results as a company, but that isn't true for other automakers, some of which care pretty deeply, even when they are not ... (more...)
Another 1.5 million USA workers file for unemployment insurance
- June 25, 2020
Conditions in the U.S. labor market are undoubtedly improving, but the road to recovery is long and littered with obstacles. The unemployment system has been hit extremely hard during these challenging days with more than 20 million people still unemployed across the country according to News 10 . (more...)
- June 25, 2020
Conditions in the U.S. labor market are undoubtedly improving, but the road to recovery is long and littered with obstacles. The unemployment system has been hit extremely hard during these challenging days with more than 20 million people still unemployed across the country according to News 10 . (more...)
Brazil Suspends Newly Launched Whatsapp Pay
- June 25, 2020
Brazil's move is a major setback for Facebook's payment ambitions, given the fact it is the second-biggest market for WhatsApp after India. The new WhatsApp payment system was created to simplify the process of transferring funds between individuals, while also providing local businesses with a foothold in the digital economy. (more...)
- June 25, 2020
Brazil's move is a major setback for Facebook's payment ambitions, given the fact it is the second-biggest market for WhatsApp after India. The new WhatsApp payment system was created to simplify the process of transferring funds between individuals, while also providing local businesses with a foothold in the digital economy. (more...)
Disney+ Sets More European Launch Dates, Reveals Pricing
- June 25, 2020
Disney+ showcases a wide variety of content from the company's leading brands such as Disney, Pixar, Marvel, Star Wars, and National Geographic. Titles available at launch include " The Mandalorian ", from executive producer and writer Jon Favreau; "High School Musical: The Musical: The Series"; "The World According To Jeff Goldblum"; "Togo"; "Encore!"; "Diary of A Future President"; and "The Imagineering Story". (more...)
- June 25, 2020
Disney+ showcases a wide variety of content from the company's leading brands such as Disney, Pixar, Marvel, Star Wars, and National Geographic. Titles available at launch include " The Mandalorian ", from executive producer and writer Jon Favreau; "High School Musical: The Musical: The Series"; "The World According To Jeff Goldblum"; "Togo"; "Encore!"; "Diary of A Future President"; and "The Imagineering Story". (more...)
Diesel Now Costlier Than Petrol In Delhi, For The First Time Ever
- June 25, 2020
The freeze in rates was imposed in mid-March soon after the government hiked excise duty on petrol and diesel to shore up additional finances. This is the first time that diesel will cost more than petrol in the national capital. The increase in taxes on diesel by central and state governments over the years has played a main role in the surge in prices as well. In Kolkata, petrol is priced at Rs 81.45 per litre and diesel costs Rs 75.06. (more...)
- June 25, 2020
The freeze in rates was imposed in mid-March soon after the government hiked excise duty on petrol and diesel to shore up additional finances. This is the first time that diesel will cost more than petrol in the national capital. The increase in taxes on diesel by central and state governments over the years has played a main role in the surge in prices as well. In Kolkata, petrol is priced at Rs 81.45 per litre and diesel costs Rs 75.06. (more...)
Olympus Is Getting Out of the Camera Game
- June 25, 2020
The deal is now at the memorandum of understanding (MOU) stage, but a final agreement is expected to be reached by September 30 and be completed by the end of the year. Prior to the closing of the Transaction , Olympus plans to implement structuring reforms to the Imaging business aiming to change the business structure of Imaging business to be more profitable and sustainable. (more...)
- June 25, 2020
The deal is now at the memorandum of understanding (MOU) stage, but a final agreement is expected to be reached by September 30 and be completed by the end of the year. Prior to the closing of the Transaction , Olympus plans to implement structuring reforms to the Imaging business aiming to change the business structure of Imaging business to be more profitable and sustainable. (more...)
Kudlow disputes Navarro's claims that China trade talks are off
- June 25, 2020
China on Tuesday responded to Navarro's claims about the trade deal with disdain. Navarro's remarks pushed US stock futures down, while risk-sensitive currencies, including the Australian dollar , fell. The confirmation of the trade deal is a major bullish factor for the oil market which would have been hit materially if the first phase of the U.S. (more...)
- June 25, 2020
China on Tuesday responded to Navarro's claims about the trade deal with disdain. Navarro's remarks pushed US stock futures down, while risk-sensitive currencies, including the Australian dollar , fell. The confirmation of the trade deal is a major bullish factor for the oil market which would have been hit materially if the first phase of the U.S. (more...)
Brazil Blocks Newly-Launched WhatsApp Payments Service
- June 25, 2020
Brazil's central bank has ordered Mastercard and Visa to suspend processing money transfers on behalf of Facebook's WhatsApp. The central bank also stated that it hadn't had the opportunity to analyse the P2P messaging system in advance of its roll out. (more...)
- June 25, 2020
Brazil's central bank has ordered Mastercard and Visa to suspend processing money transfers on behalf of Facebook's WhatsApp. The central bank also stated that it hadn't had the opportunity to analyse the P2P messaging system in advance of its roll out. (more...)
US Stock Index Futures Increase as Traders Assess Virus Count
- June 25, 2020
Royal Caribbean Cruises Ltd, Norwegian Cruise Line Holdings Ltd and Wynn Resorts shed between 9% to 12%. The Dow Jones Industrial Average was down 675 points, or 2.6 per cent, to 25,480. Several states on Tuesday set single-day records, including Arizona, California, Mississippi, Nevada and Texas. New data on USA home sales Monday showed the virus outbreak continues to disrupt the US housing market. (more...)
- June 25, 2020
Royal Caribbean Cruises Ltd, Norwegian Cruise Line Holdings Ltd and Wynn Resorts shed between 9% to 12%. The Dow Jones Industrial Average was down 675 points, or 2.6 per cent, to 25,480. Several states on Tuesday set single-day records, including Arizona, California, Mississippi, Nevada and Texas. New data on USA home sales Monday showed the virus outbreak continues to disrupt the US housing market. (more...)
Bayer to Settle Lawsuits Over Weed Killer Roundup for $10.9B
- June 25, 2020
Bayer also announced a mass tort agreement to settle the previously disclosed dicamba drift litigation involving alleged damage to crops. According to a report in worldwide news organisation Reuters , some details concerning the overall amount of the settlement remain to be finalised. (more...)
- June 25, 2020
Bayer also announced a mass tort agreement to settle the previously disclosed dicamba drift litigation involving alleged damage to crops. According to a report in worldwide news organisation Reuters , some details concerning the overall amount of the settlement remain to be finalised. (more...)
Gold hovers near 7-1/2 year high on stimulus boost
- June 25, 2020
Palladium gained 0.2 percent in value, reaching $1,914.48, while platinum jumped 1.6 percent to $818.18. Shares of Newmont, the world's largest gold company, are up 36 per cent this year, while Australian producer Evolution Mining has surged 43 per cent. (more...)
- June 25, 2020
Palladium gained 0.2 percent in value, reaching $1,914.48, while platinum jumped 1.6 percent to $818.18. Shares of Newmont, the world's largest gold company, are up 36 per cent this year, while Australian producer Evolution Mining has surged 43 per cent. (more...)
4th-gen Kia Carnival MPV revealed
- June 24, 2020
Since it has moved to the fourth generation, the changes underneath the skin have led to longer bonnet structure and shorter overhang at the front. The wheelbase, meanwhile, has been lengthened, resulting in "greater space throughout the cabin", says the Korean firm. (more...)
- June 24, 2020
Since it has moved to the fourth generation, the changes underneath the skin have led to longer bonnet structure and shorter overhang at the front. The wheelbase, meanwhile, has been lengthened, resulting in "greater space throughout the cabin", says the Korean firm. (more...)
Japanese supercomputer, crowned world's fastest, is fighting coronavirus
- June 24, 2020
A supercomputer is more than 1,000 times faster than a regular computer, according to Riken. The last time a Japan-based supercomputer secured the top position was in 2011, also developed by Riken and Fujitsu . It was unusual for supercomputers for general use that are not created to focus on energy efficiency to top the ranking. Japan's Fugaku supercomputer claimed the top spot on Monday, carrying out 2.8 times more calculations per second than an IBM machine in the US. (more...)
- June 24, 2020
A supercomputer is more than 1,000 times faster than a regular computer, according to Riken. The last time a Japan-based supercomputer secured the top position was in 2011, also developed by Riken and Fujitsu . It was unusual for supercomputers for general use that are not created to focus on energy efficiency to top the ranking. Japan's Fugaku supercomputer claimed the top spot on Monday, carrying out 2.8 times more calculations per second than an IBM machine in the US. (more...)
International Monetary Fund places Egypt among top 30 countries with strong economic performance
- June 24, 2020
The U.S. economy is expected to shrink 8 percent, the Euro Area is on track to contract 10.2 percent, and the Japanese economy could decline 5.8 percent. South Korea's export-reliant economy is expected to suffer a bigger hit from the pandemic as the novel coronavirus disrupted global businesses and ravaged consumer demand. (more...)
- June 24, 2020
The U.S. economy is expected to shrink 8 percent, the Euro Area is on track to contract 10.2 percent, and the Japanese economy could decline 5.8 percent. South Korea's export-reliant economy is expected to suffer a bigger hit from the pandemic as the novel coronavirus disrupted global businesses and ravaged consumer demand. (more...)
Crude oil prices rise after Trump assurance on China trade deal
- June 23, 2020
Elizabeth Warren - will help them in states like Wisconsin, Michigan and Pennsylvania, three key battleground states where farming and manufacturing are major industries. Financial markets were choppy, with USA stock futures initially turning negative and risk-sensitive currencies including the Australian dollar falling. (more...)
- June 23, 2020
Elizabeth Warren - will help them in states like Wisconsin, Michigan and Pennsylvania, three key battleground states where farming and manufacturing are major industries. Financial markets were choppy, with USA stock futures initially turning negative and risk-sensitive currencies including the Australian dollar falling. (more...)
Oil edges up on tighter supply, but demand concerns check gains
- June 23, 2020
Oil rebounded this week with Brent crude recovering to above $42 and WTI following the same trajectory, finishing the week at $39.75 per barrel. On the NY Mercantile exchange, WTI crude for delivery in August traded at the price of 40.58 United States dollars. (more...)
- June 23, 2020
Oil rebounded this week with Brent crude recovering to above $42 and WTI following the same trajectory, finishing the week at $39.75 per barrel. On the NY Mercantile exchange, WTI crude for delivery in August traded at the price of 40.58 United States dollars. (more...)
Novartis pulls plug on hydroxychloroquine trial
- June 23, 2020
Swiss pharmaceuticals giant Novartis has chose to halt a clinical trial of hydroxychloroquine as a treatment for COVID-19, citing problems in recruiting enough patients for the study of the controversial drug. "No safety issues have been reported, and there are no conclusions on efficacy from the study", it added. Swiss drug giant Novartis is ending its trial of malaria drug hydroxychloroquine against Covid-19 after failing to find enough participants, it said on Friday. (more...)
- June 23, 2020
Swiss pharmaceuticals giant Novartis has chose to halt a clinical trial of hydroxychloroquine as a treatment for COVID-19, citing problems in recruiting enough patients for the study of the controversial drug. "No safety issues have been reported, and there are no conclusions on efficacy from the study", it added. Swiss drug giant Novartis is ending its trial of malaria drug hydroxychloroquine against Covid-19 after failing to find enough participants, it said on Friday. (more...)
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