Money
US Orders China to Close Its Consulate in Houston
- July 23, 2020
In Houston , firefighters responded to reports of papers being burned on the consulate grounds Tuesday night but were barred entry. After China became a party to the Vienna Convention on Consular Relations in 1979, China and the United States reached an agreement on the mutual establishment of consular relations and the opening of consulates-general. (more...)
- July 23, 2020
In Houston , firefighters responded to reports of papers being burned on the consulate grounds Tuesday night but were barred entry. After China became a party to the Vienna Convention on Consular Relations in 1979, China and the United States reached an agreement on the mutual establishment of consular relations and the opening of consulates-general. (more...)
Britain says 'unfortunately clear' no Brexit deal by end of July
- July 23, 2020
Frost's opposite number, Michel Barnier, criticised London for refusing to move on its red lines, and not showing "the same level of engagement and readiness to find a solution". The EU wants the agreement to be finalised by October so there is time to ratify it before the end of the year. "But we can't sign up to unreasonable provisions for example Europe at the moment are still insisting that we sign up to what they call the level playing field which is what we call following their ... (more...)
- July 23, 2020
Frost's opposite number, Michel Barnier, criticised London for refusing to move on its red lines, and not showing "the same level of engagement and readiness to find a solution". The EU wants the agreement to be finalised by October so there is time to ratify it before the end of the year. "But we can't sign up to unreasonable provisions for example Europe at the moment are still insisting that we sign up to what they call the level playing field which is what we call following their ... (more...)
China hackers sought to steal coronavirus vaccine research, says US
- July 23, 2020
They were also working with and assisted by the Chinese Communist Party's Ministry of State Security (MSS)-the regime's chief intelligence agency. There was no immediate indication from the indictment that the hackers had successfully obtained any COVID-19 research, despite efforts to snoop on the companies. (more...)
- July 23, 2020
They were also working with and assisted by the Chinese Communist Party's Ministry of State Security (MSS)-the regime's chief intelligence agency. There was no immediate indication from the indictment that the hackers had successfully obtained any COVID-19 research, despite efforts to snoop on the companies. (more...)
No new pay rise for nurses, confirms Downing Street
- July 23, 2020
While taking care of the patients, more than 300 NHS employees in England got infected with COVID-19 and died. Teachers continued to look after the children of key workers throughout the lockdown while police were tasked with enforcing unprecedented social distancing rules. (more...)
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- July 23, 2020
While taking care of the patients, more than 300 NHS employees in England got infected with COVID-19 and died. Teachers continued to look after the children of key workers throughout the lockdown while police were tasked with enforcing unprecedented social distancing rules. (more...)
Tesla makes $104M profit in 2Q despite factory shutdown
- July 23, 2020
Tesla said it earned net income of $104 million from April to June, or $0.50 per share, marking the first time the company has posted a profit for four straight quarters, a condition for it to be considered for the stock index of the largest USA companies. (more...)
- July 23, 2020
Tesla said it earned net income of $104 million from April to June, or $0.50 per share, marking the first time the company has posted a profit for four straight quarters, a condition for it to be considered for the stock index of the largest USA companies. (more...)
Rubio: Chinese Consulate 'Central Node of a Massive Spy Operation'
- July 23, 2020
He did not specify whether the actions were related to the Houston consulate. The closure of the Chinese diplomatic installation in one of America's biggest cities marks a dramatic escalation in tensions between the world's top two economies. (more...)
- July 23, 2020
He did not specify whether the actions were related to the Houston consulate. The closure of the Chinese diplomatic installation in one of America's biggest cities marks a dramatic escalation in tensions between the world's top two economies. (more...)
US Stocks Fluctuate Near Five-Month Highs: Markets Wrap
- July 23, 2020
The euro stood at an 18-month high, silver soared and commodities rose on Wednesday, benefiting from hopes that key parts of the global economy are heading in the right direction which also hurt the U.S. Economists are expecting trade-sensitive South Korea to post its worst economic contraction in 20 years when second-quarter GDP data is published on Thursday. (more...)
- July 23, 2020
The euro stood at an 18-month high, silver soared and commodities rose on Wednesday, benefiting from hopes that key parts of the global economy are heading in the right direction which also hurt the U.S. Economists are expecting trade-sensitive South Korea to post its worst economic contraction in 20 years when second-quarter GDP data is published on Thursday. (more...)
Qantas bids farewell to last 747 jumbo jet
- July 23, 2020
Qantas has grounded most of its global flights until at least July 2021 due to the lack of worldwide travel demand. QF7474 took off from Sydney at 2pm local and landed in the USA at 1.23pm local, marking an end to five decades of use by the Australian aviation company. (more...)
- July 23, 2020
Qantas has grounded most of its global flights until at least July 2021 due to the lack of worldwide travel demand. QF7474 took off from Sydney at 2pm local and landed in the USA at 1.23pm local, marking an end to five decades of use by the Australian aviation company. (more...)
S&P 500 Index opens little changed as risk rally takes a break
- July 23, 2020
A largely upbeat start to the second-quarter earnings season, hopes for an eventual COVID-19 vaccine and an expected official support for the economy has brought the S&P 500 within 4% below its record February closing high. In a sign of continued caution among investors, the yield on 10-year Treasury notes dipped to 0.589%, from 0.606% Tuesday. The yield is a benchmark for interest rates on mortgages and other consumer loans. (more...)
- July 23, 2020
A largely upbeat start to the second-quarter earnings season, hopes for an eventual COVID-19 vaccine and an expected official support for the economy has brought the S&P 500 within 4% below its record February closing high. In a sign of continued caution among investors, the yield on 10-year Treasury notes dipped to 0.589%, from 0.606% Tuesday. The yield is a benchmark for interest rates on mortgages and other consumer loans. (more...)
U.S. Orders China to Close Consulate in Houston
- July 23, 2020
David R. Stilwell, who oversees policy for East Asia and the Pacific at the State Department, told The New York Times that the Houston consulate had a history of engaging in "subversive behavior". Chinese Foreign Ministry spokesman Wang Wenbin said that the Chinese government was told by US officials on Tuesday that the USA was ordering the closure of their Houston consulate. (more...)
- July 23, 2020
David R. Stilwell, who oversees policy for East Asia and the Pacific at the State Department, told The New York Times that the Houston consulate had a history of engaging in "subversive behavior". Chinese Foreign Ministry spokesman Wang Wenbin said that the Chinese government was told by US officials on Tuesday that the USA was ordering the closure of their Houston consulate. (more...)
Silver refuses to be left behind by gold’s bull run
- July 23, 2020
On Wednesday, the 27 European Union governments have made a decision to raise an unprecedented 750 billion euros ($857 billion) to combat economic disruptions due to covid-19. The rate of 10 gram 18, 22 and 24-carat gold in Mumbai was Rs 37,636, Rs 45,966 and Rs 50,181, respectively, plus 3 percent GST. "Additionally, we expect investors to turn to gold as a means of hedging as we have seen in the first half of this year", it said. (more...)
- July 23, 2020
On Wednesday, the 27 European Union governments have made a decision to raise an unprecedented 750 billion euros ($857 billion) to combat economic disruptions due to covid-19. The rate of 10 gram 18, 22 and 24-carat gold in Mumbai was Rs 37,636, Rs 45,966 and Rs 50,181, respectively, plus 3 percent GST. "Additionally, we expect investors to turn to gold as a means of hedging as we have seen in the first half of this year", it said. (more...)
Beijing says USA has ordered it to shut down Houston consulate
- July 23, 2020
Washington and Beijing are feuding over a slew of issues ranging from trade to the pandemic to China's policies in Hong Kong, Xinjiang and the South China Sea. Last month, it had said that the United States would soon resume operations at the Wuhan consulate. The United States has an embassy in Beijing plus five consulates in mainland China and one in Hong Kong. (more...)
- July 23, 2020
Washington and Beijing are feuding over a slew of issues ranging from trade to the pandemic to China's policies in Hong Kong, Xinjiang and the South China Sea. Last month, it had said that the United States would soon resume operations at the Wuhan consulate. The United States has an embassy in Beijing plus five consulates in mainland China and one in Hong Kong. (more...)
Canada's inflation rate up in June
- July 23, 2020
Statistics Canada said the June annual consumer-price index advanced at the fastest pace since March 2011. "While any fears of deflation appear premature at this point, the economy will likely only be generating modest rates of inflation even with some supply-chain disruptions", Mr. (more...)
- July 23, 2020
Statistics Canada said the June annual consumer-price index advanced at the fastest pace since March 2011. "While any fears of deflation appear premature at this point, the economy will likely only be generating modest rates of inflation even with some supply-chain disruptions", Mr. (more...)
Don’t Expect New Stimulus Relief Bill Until August, Top House Republican Says
- July 22, 2020
Pelosi said, "their delay is their disarray". White House economic adviser Larry Kudlow is also expected to attend the lunch. The White House and Congress have only a few weeks to come up with another stimulus before lawmakers take a scheduled August break and the $2.9 trillion flood of federal money passed by Congress earlier in the year begins to dry up. (more...)
- July 22, 2020
Pelosi said, "their delay is their disarray". White House economic adviser Larry Kudlow is also expected to attend the lunch. The White House and Congress have only a few weeks to come up with another stimulus before lawmakers take a scheduled August break and the $2.9 trillion flood of federal money passed by Congress earlier in the year begins to dry up. (more...)
Pay rise announced for nearly 900,000 public sector workers
- July 22, 2020
RISHI SUNAK's public-sector pay rise has been branded a "cynical ploy" after he quietly dropped warnings of future pay restraints and cuts within hours of the announcement . Unison assistant general secretary Christina McAnea said: "Care workers deserve nothing less than a complete overhaul of their sector to show they'll no longer be underpaid and undervalued". (more...)
- July 22, 2020
RISHI SUNAK's public-sector pay rise has been branded a "cynical ploy" after he quietly dropped warnings of future pay restraints and cuts within hours of the announcement . Unison assistant general secretary Christina McAnea said: "Care workers deserve nothing less than a complete overhaul of their sector to show they'll no longer be underpaid and undervalued". (more...)
Jeff Bezos sets new record in his net worth
- July 22, 2020
She is now the 13 richest personality across the globe. The billionaire Amazon CEO set a record when his net worth bounced by $13 billion in only one day, on Monday, as indicated by Bloomberg . Bezos now finds himself coasting toward the $200 billion threshold, which he likely would've passed had it not been for that $40 billion divorce settlement with ex-wife McKenzie Bezos. (more...)
- July 22, 2020
She is now the 13 richest personality across the globe. The billionaire Amazon CEO set a record when his net worth bounced by $13 billion in only one day, on Monday, as indicated by Bloomberg . Bezos now finds himself coasting toward the $200 billion threshold, which he likely would've passed had it not been for that $40 billion divorce settlement with ex-wife McKenzie Bezos. (more...)
Thousands Of US Workers In Over 200 Cities "Strike For Black Lives"
- July 22, 2020
The " Strike for Black Lives " protest was organised by labour unions and social and racial justice organisations, which planned a range of actions in more than two dozen U.S. Protesters rally exterior a McDonald's in Detroit on July 20. The two largest Brazilian labor federations, together representing more than 24 million workers, filed a complaint with a national prosecutor describing examples of structural racism at the company. (more...)
- July 22, 2020
The " Strike for Black Lives " protest was organised by labour unions and social and racial justice organisations, which planned a range of actions in more than two dozen U.S. Protesters rally exterior a McDonald's in Detroit on July 20. The two largest Brazilian labor federations, together representing more than 24 million workers, filed a complaint with a national prosecutor describing examples of structural racism at the company. (more...)
Radio rejoice! Scott Morrison confirms JobKeeper extension
- July 22, 2020
While payments will be reduced, eligible Australians will be able to access JobKeeper payments until March 28, 2021. The JobKeeper scheme will continue until at least March 2021 but with payments cut from 1,500 Australian dollars (1,054.3 US dollars) per fortnight to 1,200 Australian dollars (843.4 USA dollars) per fortnight from September. (more...)
- July 22, 2020
While payments will be reduced, eligible Australians will be able to access JobKeeper payments until March 28, 2021. The JobKeeper scheme will continue until at least March 2021 but with payments cut from 1,500 Australian dollars (1,054.3 US dollars) per fortnight to 1,200 Australian dollars (843.4 USA dollars) per fortnight from September. (more...)
Deadline to register to vote in Fla. primary election is Monday
- July 22, 2020
The move is a defeat for the left-leaning groups, who were seeking more flexibility from state officials over vote-by-mail and polling locations due to concerns that arose from the ongoing coronavirus pandemic, which threatens to impact in-person voting as Americans have been urged for months to avoid large crowds. (more...)
- July 22, 2020
The move is a defeat for the left-leaning groups, who were seeking more flexibility from state officials over vote-by-mail and polling locations due to concerns that arose from the ongoing coronavirus pandemic, which threatens to impact in-person voting as Americans have been urged for months to avoid large crowds. (more...)
Gold Rally Outpaced by Silver While Net Long USD Exposure Persists
- July 22, 2020
Gold futures surged to an nearly nine-year peak and silver touched the highest since 2014 after Hong Kong reported additional cases of the virus and new infections in the Australian state of Victoria surged, fueling demand for haven assets. (more...)
- July 22, 2020
Gold futures surged to an nearly nine-year peak and silver touched the highest since 2014 after Hong Kong reported additional cases of the virus and new infections in the Australian state of Victoria surged, fueling demand for haven assets. (more...)
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Google reportedly tells employees to keep working from home until July 2021