Money
Spain's services sector grows in July in modest rebound from lockdown: PMI
- August 05, 2020
Faring worse still was foreign demand for Indian services with the respective seasonally adjusted index posting well below the 50 mark in July for the fifth month running and signalling a substantial reduction in foreign demand. Services firms remained pessimistic with regard to activity over the year ahead for a third consecutive month in July, with the proportion of survey respondents expecting a decline in activity levels outweighing those anticipating a rise. (more...)
- August 05, 2020
Faring worse still was foreign demand for Indian services with the respective seasonally adjusted index posting well below the 50 mark in July for the fifth month running and signalling a substantial reduction in foreign demand. Services firms remained pessimistic with regard to activity over the year ahead for a third consecutive month in July, with the proportion of survey respondents expecting a decline in activity levels outweighing those anticipating a rise. (more...)
Cornonavirus: Crisis-hit Virgin Atlantic files for bankruptcy
- August 05, 2020
That move allowed it to cut costs and consolidate operations, reducing the associated fees it needs to pay by having its aircraft based in more locations. Chapter 15 bankruptcy is for bankruptcy cases in which debtors, assets, and parties of interest are spread across multiple countries. Virgin Atlantic could run out of money by the end of September if creditors do not approve a £1.2 billion bailout package, a court has heard. (more...)
- August 05, 2020
That move allowed it to cut costs and consolidate operations, reducing the associated fees it needs to pay by having its aircraft based in more locations. Chapter 15 bankruptcy is for bankruptcy cases in which debtors, assets, and parties of interest are spread across multiple countries. Virgin Atlantic could run out of money by the end of September if creditors do not approve a £1.2 billion bailout package, a court has heard. (more...)
Gold price hits $2,000 an ounce for the first time ever
- August 05, 2020
Silver had surged ₹4200 or 6.4% in the previous session. The price of gold blasts through the psychologically important $2000 mark to tag a fresh record high ($2026), and the extreme reading in the Relative Strength Index (RSI ) may continue to be accompanied by higher gold prices like the behavior seen earlier this year. (more...)
- August 05, 2020
Silver had surged ₹4200 or 6.4% in the previous session. The price of gold blasts through the psychologically important $2000 mark to tag a fresh record high ($2026), and the extreme reading in the Relative Strength Index (RSI ) may continue to be accompanied by higher gold prices like the behavior seen earlier this year. (more...)
Clorox wipes shortage to last into 2021
- August 05, 2020
Makers of household essentials such as hygiene and food products, Clorox also forecast flat to low single-digit increase in sales and mid-single-digit decline to mid-single-digit jump in profit for fiscal 2021. "That entire supply chain is stressed". While the supply of many products is expected to improve, the disinfectant wipes will still be scarce. The CEO had originally projected in the spring that wipe stock would have recovered by the summer. (more...)
- August 05, 2020
Makers of household essentials such as hygiene and food products, Clorox also forecast flat to low single-digit increase in sales and mid-single-digit decline to mid-single-digit jump in profit for fiscal 2021. "That entire supply chain is stressed". While the supply of many products is expected to improve, the disinfectant wipes will still be scarce. The CEO had originally projected in the spring that wipe stock would have recovered by the summer. (more...)
Oil rises more than 1% on hopes for economic recovery
- August 05, 2020
May marks the sixth consecutive monthly decrease in crude oil production and is the third month since the March 2020 declaration of a national emergency concerning the coronavirus disease (COVID-19) outbreak. Distillate stockpiles, which include diesel and heating oil, likely grew by 800,000 barrels, while crude stocks fell by 3.3 million barrels in the week to July 31. (more...)
- August 05, 2020
May marks the sixth consecutive monthly decrease in crude oil production and is the third month since the March 2020 declaration of a national emergency concerning the coronavirus disease (COVID-19) outbreak. Distillate stockpiles, which include diesel and heating oil, likely grew by 800,000 barrels, while crude stocks fell by 3.3 million barrels in the week to July 31. (more...)
Alexandria Speedway Locations to Change to 7-Eleven
- August 04, 2020
The Speedway gas stations at Walt Disney World Resort could soon transform into 7-Elevens, thanks to a major new purchase by Japanese-based Seven & i Holdings Co. That decision came after activist investor Elliott Management pushed Marathon to split into three companies "to remedy the company's chronic underperformance". (more...)
- August 04, 2020
The Speedway gas stations at Walt Disney World Resort could soon transform into 7-Elevens, thanks to a major new purchase by Japanese-based Seven & i Holdings Co. That decision came after activist investor Elliott Management pushed Marathon to split into three companies "to remedy the company's chronic underperformance". (more...)
Facebook reports blockbuster earnings, advertising revenue up 10% despite pandemic
- August 04, 2020
People used Facebook more while spending time at home due to coronavirus . Facebook is also facing an advertising boycott over its content moderation policies, particularly in regards to hate speech and other undesirable content. Facebook said it counts 3.14 billion monthly users across its family of apps (Instagram, Messenger and WhatsApp ), compared to 2.99 billion in the first quarter. (more...)
- August 04, 2020
People used Facebook more while spending time at home due to coronavirus . Facebook is also facing an advertising boycott over its content moderation policies, particularly in regards to hate speech and other undesirable content. Facebook said it counts 3.14 billion monthly users across its family of apps (Instagram, Messenger and WhatsApp ), compared to 2.99 billion in the first quarter. (more...)
How does the Eat Out to Help Out scheme work?
- August 04, 2020
It is then the restaurant's responsibility to claim the remaining money back from the Government. DON'T MISS: Eat Out To Help Out near me: Which restaurants are doing scheme? Other measures announced to protect, support and create jobs include cutting Value-Added Tax for tourism and hospitality by 15%, a £2 billion Kickstart Scheme and an £8.8 billion investment in new infrastructure, decarbonisation and maintenance projects. (more...)
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- August 04, 2020
It is then the restaurant's responsibility to claim the remaining money back from the Government. DON'T MISS: Eat Out To Help Out near me: Which restaurants are doing scheme? Other measures announced to protect, support and create jobs include cutting Value-Added Tax for tourism and hospitality by 15%, a £2 billion Kickstart Scheme and an £8.8 billion investment in new infrastructure, decarbonisation and maintenance projects. (more...)
Virgin Galactic unveils Mach 3 aircraft and Rolls-Royce deal
- August 03, 2020
There are other influential heavyweights advising Virgin Galactic , too. Rolls-Royce previously helped design the engine that enabled the Concorde jet to reach supersonic speeds. That's not to say it will be easy or cheap to reclaim, improve, and expand such business territory, but Whitesides said Virgin Galactic was up to the challenge, even in the face of failures in creating supersonic and even hypersonic passenger vehicles. (more...)
- August 03, 2020
There are other influential heavyweights advising Virgin Galactic , too. Rolls-Royce previously helped design the engine that enabled the Concorde jet to reach supersonic speeds. That's not to say it will be easy or cheap to reclaim, improve, and expand such business territory, but Whitesides said Virgin Galactic was up to the challenge, even in the face of failures in creating supersonic and even hypersonic passenger vehicles. (more...)
Lord & Taylor files for bankruptcy
- August 03, 2020
Fashion start-up Le Tote Inc bought the rights to the company's stores, brand and e-commerce site from Fifth Avenue owner Hudson's Bay for US$71 million a year ago. "The unprecedented impact of COVID-19 requires us to further adapt and evolve", Tailored Brands CEO Dinesh Lathi said in a statement announcing the bankruptcy late on Sunday. (more...)
- August 03, 2020
Fashion start-up Le Tote Inc bought the rights to the company's stores, brand and e-commerce site from Fifth Avenue owner Hudson's Bay for US$71 million a year ago. "The unprecedented impact of COVID-19 requires us to further adapt and evolve", Tailored Brands CEO Dinesh Lathi said in a statement announcing the bankruptcy late on Sunday. (more...)
Melbourne goes into lockdown with another 671 cases
- August 03, 2020
The city of Melbourne , which is Australia's second-largest city, has already been put under a six-week-long stay at home restriction, but these lockdown measures have now been strengthened to tackle the rising threat of coronavirus in the region. (more...)
- August 03, 2020
The city of Melbourne , which is Australia's second-largest city, has already been put under a six-week-long stay at home restriction, but these lockdown measures have now been strengthened to tackle the rising threat of coronavirus in the region. (more...)
SpaceX Capsule With NASA Astronauts Splashdown In Gulf Of Mexico
- August 03, 2020
Coast Guard's (USCG) repeated requests to maintain a safe distance from the returning capsule, several vessels arrived on the scene well before the recovery crew. Today, we welcome home @AstroBehnken & @Astro_Doug! "We are entering a new era of human spaceflight where Nasa is no longer the purchaser, owner and operator of all the hardware - we are going to be a customer". (more...)
- August 03, 2020
Coast Guard's (USCG) repeated requests to maintain a safe distance from the returning capsule, several vessels arrived on the scene well before the recovery crew. Today, we welcome home @AstroBehnken & @Astro_Doug! "We are entering a new era of human spaceflight where Nasa is no longer the purchaser, owner and operator of all the hardware - we are going to be a customer". (more...)
White House, Democrats no closer to reaching coronavirus stimulus deal
- August 03, 2020
Chief of Staff Mark Meadows and Treasury Secretary Steven Mnuchin met with House Speaker Nancy Pelosi (D-Calif.) and Senate Minority Leader Chuck Schumer (D-N.Y.) on Saturday. "More than ten weeks ago, we passed the Heroes Act , which had a path to containing this virus with testing, tracing, treatment, mask wearing, sanitation". (more...)
- August 03, 2020
Chief of Staff Mark Meadows and Treasury Secretary Steven Mnuchin met with House Speaker Nancy Pelosi (D-Calif.) and Senate Minority Leader Chuck Schumer (D-N.Y.) on Saturday. "More than ten weeks ago, we passed the Heroes Act , which had a path to containing this virus with testing, tracing, treatment, mask wearing, sanitation". (more...)
United Arab Emirates Becomes First Arab Nation To Generate Nuclear Power
- August 03, 2020
The Barakah plant was developed by ENEC and Korea Electric Power Corporation (KEPCO). When fully operational, the four reactors will generate 5,600 megawatts - around 25% of the UAE's electricity with zero carbon emissions, according to the Emirates Nuclear Energy Corporation. (more...)
- August 03, 2020
The Barakah plant was developed by ENEC and Korea Electric Power Corporation (KEPCO). When fully operational, the four reactors will generate 5,600 megawatts - around 25% of the UAE's electricity with zero carbon emissions, according to the Emirates Nuclear Energy Corporation. (more...)
Coronavirus crisis: Melbourne’s first night under curfew
- August 03, 2020
The city of Melbourne , which is Australia's second-largest city, has already been put under a six-week-long stay at home restriction, but these lockdown measures have now been strengthened to tackle the rising threat of coronavirus in the region. (more...)
- August 03, 2020
The city of Melbourne , which is Australia's second-largest city, has already been put under a six-week-long stay at home restriction, but these lockdown measures have now been strengthened to tackle the rising threat of coronavirus in the region. (more...)
Egypt Responds To Elon Musk's Claim That "Aliens Built The Pyramids"
- August 03, 2020
If you follow Elon Musk on Twitter you will know that he hip fires tweets all day long, so if you did follow him you'll notice he has been tweeting out artists and songs including Nirvana and their infamous "Smells Like Teen Spirit", something that as a follow of Musk on Twitter , made me listen to (all week, thanks Elon ). (more...)
- August 03, 2020
If you follow Elon Musk on Twitter you will know that he hip fires tweets all day long, so if you did follow him you'll notice he has been tweeting out artists and songs including Nirvana and their infamous "Smells Like Teen Spirit", something that as a follow of Musk on Twitter , made me listen to (all week, thanks Elon ). (more...)
Trudeau Says Feds to Create EI-Like Benefit for Gig, Contract Workers
- August 03, 2020
More details about these changes will be coming before the end of August. "We intend to cover every Canadian who is looking for work with a better, 21st-century EI system", he said. As of June, nearly 40% of the 3 million lost jobs due to the pandemic have been recovered. The government is still expecting millions to be on EI come the fall - about four million, Qualtrough said, adding that the system has been tested and was ready to handle the deluge upon its restart. (more...)
- August 03, 2020
More details about these changes will be coming before the end of August. "We intend to cover every Canadian who is looking for work with a better, 21st-century EI system", he said. As of June, nearly 40% of the 3 million lost jobs due to the pandemic have been recovered. The government is still expecting millions to be on EI come the fall - about four million, Qualtrough said, adding that the system has been tested and was ready to handle the deluge upon its restart. (more...)
You can work from home forever, Twitter boss Jack Dorsey tells staff
- August 03, 2020
Twitter said it did not expect to reopen its offices until September. "So if our employees are in a role and situation that enables them to work from home and they want to continue to do so forever, we will make that happen", Christie's posted . (more...)
- August 03, 2020
Twitter said it did not expect to reopen its offices until September. "So if our employees are in a role and situation that enables them to work from home and they want to continue to do so forever, we will make that happen", Christie's posted . (more...)
Australia to make Facebook, Google pay for news in world first
- August 03, 2020
A public-comment period on the proposed rules runs until August 28 and final legislation would be introduced in Parliament soon after that. In releasing a draft of a mandatory code of conduct on Friday, the government aims to succeed where other countries have failed in making the global digital giants pay for news siphoned from commercial media companies. (more...)
- August 03, 2020
A public-comment period on the proposed rules runs until August 28 and final legislation would be introduced in Parliament soon after that. In releasing a draft of a mandatory code of conduct on Friday, the government aims to succeed where other countries have failed in making the global digital giants pay for news siphoned from commercial media companies. (more...)
Heathrow calls for airport virus tests after £1 billion loss
- August 02, 2020
The business cut at least £300m operating costs and cancelled or paused more than £650m of capital projects in an attempt to protect jobs. Heathrow, along with airports, airlines and the entire tourism industry across the globe is suffering from the economic impact of the coronavirus. (more...)
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- August 02, 2020
The business cut at least £300m operating costs and cancelled or paused more than £650m of capital projects in an attempt to protect jobs. Heathrow, along with airports, airlines and the entire tourism industry across the globe is suffering from the economic impact of the coronavirus. (more...)
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Oil steadies as frail demand outlook tempers USA stock drawdown