Money
Audi pulls down 'sexually suggestive' advertisement featuring young girl
- August 08, 2020
The controversial picture is accompanied by the slogan: "Lets your heart beat faster - in every aspect", which critics said could be interpreted as sexually suggestive. "That's why we showcased it with various family members for the campaign", the company began. "We hoped we could convey these messages, showing that even for the weakest traffic participants it is possible to relaxingly [sic] lean on the RS technology", the tweet continued. (more...)
- August 08, 2020
The controversial picture is accompanied by the slogan: "Lets your heart beat faster - in every aspect", which critics said could be interpreted as sexually suggestive. "That's why we showcased it with various family members for the campaign", the company began. "We hoped we could convey these messages, showing that even for the weakest traffic participants it is possible to relaxingly [sic] lean on the RS technology", the tweet continued. (more...)
Eastern Ontario jobless rate up for fourth straight month
- August 08, 2020
Out of the country's major cities, Calgary has the highest employment rate with 15.5 per cent. It found South Asian, Arab, and Black Canadians had the highest unemployment rates in July. Construction added 600 new jobs from the previous month, as did the sector covering food and accomodations. "Monthly employment data, historically among the leading market movers in foreign exchange, has been relatively toothless of late", said Don Curren, market strategist and content editor, at Cambridge ... (more...)
- August 08, 2020
Out of the country's major cities, Calgary has the highest employment rate with 15.5 per cent. It found South Asian, Arab, and Black Canadians had the highest unemployment rates in July. Construction added 600 new jobs from the previous month, as did the sector covering food and accomodations. "Monthly employment data, historically among the leading market movers in foreign exchange, has been relatively toothless of late", said Don Curren, market strategist and content editor, at Cambridge ... (more...)
Audi E-Tron, 2022 BMW 2-Series, customer Bugatti Divos
- August 08, 2020
The previously-available Premium Plus and Prestige trim levels carry over, starting at $75,895 and $80,195, respectively. The new price is $9000 or Rs 67,000 lower than the previous model's price. Interested customers can get their Audi RS Q8 reserved online at the company website or can also register their interest at the nearest Audi India dealership. (more...)
- August 08, 2020
The previously-available Premium Plus and Prestige trim levels carry over, starting at $75,895 and $80,195, respectively. The new price is $9000 or Rs 67,000 lower than the previous model's price. Interested customers can get their Audi RS Q8 reserved online at the company website or can also register their interest at the nearest Audi India dealership. (more...)
United States job growth slows as employers hire 1.8 million workers in July
- August 08, 2020
The deceleration in nonfarm payrolls signals that a spike in coronavirus infections that saw almost two-thirds of the country pause or roll back the easing of lockdown restrictions last month prompted employers to lay off workers and to hold off on hiring staff. (more...)
- August 08, 2020
The deceleration in nonfarm payrolls signals that a spike in coronavirus infections that saw almost two-thirds of the country pause or roll back the easing of lockdown restrictions last month prompted employers to lay off workers and to hold off on hiring staff. (more...)
Lebanese judge: 16 port staffers arrested over Beirut blast
- August 08, 2020
On Thursday, a Turkish military plane carrying aid and a search and rescue team arrived in Beirut. People remove debris from a house damaged by Tuesday's explosion in the seaport of Beirut, Lebanon , Friday, Aug. French President Emmanuel Macron , who visited Lebanon on Thursday, called for an worldwide enquiry, echoing demands widely supported in Lebanon and overseas for an independent probe. (more...)
- August 08, 2020
On Thursday, a Turkish military plane carrying aid and a search and rescue team arrived in Beirut. People remove debris from a house damaged by Tuesday's explosion in the seaport of Beirut, Lebanon , Friday, Aug. French President Emmanuel Macron , who visited Lebanon on Thursday, called for an worldwide enquiry, echoing demands widely supported in Lebanon and overseas for an independent probe. (more...)
Canadian economy added 419,000 jobs in July, marking third month of gains
- August 07, 2020
The initial easing of COVID-19 restrictions occurred later in Ontario than in most other provinces. The results were more subdued than June's gain of 953,000 positions, but were also accompanied by a reduction in the unemployment rate, to 10.9 per cent from 12.3 per cent, Statistics Canada reported Friday. (more...)
- August 07, 2020
The initial easing of COVID-19 restrictions occurred later in Ontario than in most other provinces. The results were more subdued than June's gain of 953,000 positions, but were also accompanied by a reduction in the unemployment rate, to 10.9 per cent from 12.3 per cent, Statistics Canada reported Friday. (more...)
Nasdaq closes above 11k for first time as tech-related stocks rally
- August 07, 2020
The Nasdaq Composite dropped 35.54 points, or 0.32 percent, to 11,072.53 at the opening bell. The day's headline economic report showed that almost 1.2 million workers applied for unemployment benefits last week. Big tech companies have led gains for the index for much of the year. After rising 3.5% Thursday, it's at roughly $1.93 trillion. AIG fell 7.5% for one of the larger losses in the S&P 500 even though it reported stronger results for the latest quarter than Wall Street expected. (more...)
- August 07, 2020
The Nasdaq Composite dropped 35.54 points, or 0.32 percent, to 11,072.53 at the opening bell. The day's headline economic report showed that almost 1.2 million workers applied for unemployment benefits last week. Big tech companies have led gains for the index for much of the year. After rising 3.5% Thursday, it's at roughly $1.93 trillion. AIG fell 7.5% for one of the larger losses in the S&P 500 even though it reported stronger results for the latest quarter than Wall Street expected. (more...)
US economy added 1.8M jobs in July; unemployment at 10.2%
- August 07, 2020
Of those, 1.3 million have been deemed eligible for benefits and 96% of eligible workers have received some payment, the Labor Department said in its weekly claims report. That would bring the monthly unemployment rate to 10.5% in July, from 11.1% in June. Black people faced the highest rates of unemployment in July, at 14.6%, with Hispanic people behind that at 12.9%. (more...)
- August 07, 2020
Of those, 1.3 million have been deemed eligible for benefits and 96% of eligible workers have received some payment, the Labor Department said in its weekly claims report. That would bring the monthly unemployment rate to 10.5% in July, from 11.1% in June. Black people faced the highest rates of unemployment in July, at 14.6%, with Hispanic people behind that at 12.9%. (more...)
After Google, Facebook tells staff to work from home till mid
- August 07, 2020
Facebook's transfer to increase WFH by way of mid-2021 follows an analogous announcement by Google final month. Meanwhile, Zillow Group will allow 90% of its workforce - more than 2,700 in Seattle alone - to work remotely indefinitely. However, the extended timeline for returning to offices is due to the growing number of Covid-19 cases in the United States. Facebook employees will be allowed to work from home for almost one more year due to the coronavirus outbreak, Reuters reported ... (more...)
- August 07, 2020
Facebook's transfer to increase WFH by way of mid-2021 follows an analogous announcement by Google final month. Meanwhile, Zillow Group will allow 90% of its workforce - more than 2,700 in Seattle alone - to work remotely indefinitely. However, the extended timeline for returning to offices is due to the growing number of Covid-19 cases in the United States. Facebook employees will be allowed to work from home for almost one more year due to the coronavirus outbreak, Reuters reported ... (more...)
Trump re-implementing 10% tariff on aluminum from Canada
- August 07, 2020
The Trump administration originally imposed tariffs on a range of Canadian aluminum and steel in the summer of 2018, sparking a tense trade war. "The administration's move to re-impose tariffs on aluminum from Canada is a step in the wrong direction", U.S. (more...)
- August 07, 2020
The Trump administration originally imposed tariffs on a range of Canadian aluminum and steel in the summer of 2018, sparking a tense trade war. "The administration's move to re-impose tariffs on aluminum from Canada is a step in the wrong direction", U.S. (more...)
Gold steadies near record high as dollar stumbles
- August 06, 2020
Markets also latched on to comments from the president of Federal Reserve Bank of San Francisco that the U.S. economy will need more support than initially thought, sending long-term Treasury yields into a downward spiral."Failure to agree to another round of stimulus would hit the USA economy hard at a time when high-frequency data suggests it is losing some momentum", said Tapas Strickland, analyst at Melbourne-based National Australia Bank. (more...)
- August 06, 2020
Markets also latched on to comments from the president of Federal Reserve Bank of San Francisco that the U.S. economy will need more support than initially thought, sending long-term Treasury yields into a downward spiral."Failure to agree to another round of stimulus would hit the USA economy hard at a time when high-frequency data suggests it is losing some momentum", said Tapas Strickland, analyst at Melbourne-based National Australia Bank. (more...)
Virgin Australia cuts 3,000 jobs and plans to focus on shorter flights
- August 06, 2020
Its Boeing 777, Airbus A330 and A320 aircraft will be returned to leasing companies along with turboprop ATRs. However the fate of the A320s based in Western Australia as part of the charter fleet it unclear. "We believe that over time we can set the foundations to grow Virgin Australia again and re-employ numerous highly skilled Virgin Australia team". Mr. (more...)
- August 06, 2020
Its Boeing 777, Airbus A330 and A320 aircraft will be returned to leasing companies along with turboprop ATRs. However the fate of the A320s based in Western Australia as part of the charter fleet it unclear. "We believe that over time we can set the foundations to grow Virgin Australia again and re-employ numerous highly skilled Virgin Australia team". Mr. (more...)
New and ongoing claims for jobless benefits in Utah have gone down
- August 06, 2020
Statistics showed that more than 54 million people filed new unemployment insurance claims since the week ending March 20. They peaked at almost 25 million in mid-May, and remain at more than double the pre-pandemic peak of 6.6 million that was reached in mid-2009. (more...)
- August 06, 2020
Statistics showed that more than 54 million people filed new unemployment insurance claims since the week ending March 20. They peaked at almost 25 million in mid-May, and remain at more than double the pre-pandemic peak of 6.6 million that was reached in mid-2009. (more...)
Teladoc, Livongo Health Merger Valued At $18.5B
- August 06, 2020
Under the new agreement, every Livongo share will be exchanged for 0.592 shares of Teladoc, plus $11.33 in cash for each. This will leave Teladoc shareholders with about 58% of the combined company, with Livongo shareholders owning the remainder. (more...)
- August 06, 2020
Under the new agreement, every Livongo share will be exchanged for 0.592 shares of Teladoc, plus $11.33 in cash for each. This will leave Teladoc shareholders with about 58% of the combined company, with Livongo shareholders owning the remainder. (more...)
Mulan: UK cinemas hit out at 'disappointing' Disney+ release
- August 06, 2020
It just may not be in the theatres. The film will be available on September 4. "We find it very interesting to take a new offering-our premiere access offering-to consumers at that $29.99 price and learn from it", Disney CEO Bob Chapek said. (more...)
- August 06, 2020
It just may not be in the theatres. The film will be available on September 4. "We find it very interesting to take a new offering-our premiere access offering-to consumers at that $29.99 price and learn from it", Disney CEO Bob Chapek said. (more...)
RBI monetary policy review: Repo rate unchanged at 4%; stance accommodative
- August 06, 2020
So far, the central bank has cut the key interest rates by 115 bps this year amid the coronavirus (COVID-19) outbreak and the consequent economic fallout. Speaking of the global economy, Das said that the economic activity in the global market has remained fragile but the global financial markets have been buoyant. (more...)
- August 06, 2020
So far, the central bank has cut the key interest rates by 115 bps this year amid the coronavirus (COVID-19) outbreak and the consequent economic fallout. Speaking of the global economy, Das said that the economic activity in the global market has remained fragile but the global financial markets have been buoyant. (more...)
New data shows coronavirus vaccine is safe and promotes an immune response
- August 06, 2020
The company said it could start a large pivotal Phase III trial as soon as late September, and on a conference call added that it could produce one billion to two billion doses of the vaccine in 2021. A month after scoring $1.6 billion from the US government, Novavax is posting the first human data from its COVID-19 vaccine. It is using the Operation Warp Speed funding to finish late-stage clinical development of its COVID-19 vaccine, including a phase 3 study that would enroll up to ... (more...)
- August 06, 2020
The company said it could start a large pivotal Phase III trial as soon as late September, and on a conference call added that it could produce one billion to two billion doses of the vaccine in 2021. A month after scoring $1.6 billion from the US government, Novavax is posting the first human data from its COVID-19 vaccine. It is using the Operation Warp Speed funding to finish late-stage clinical development of its COVID-19 vaccine, including a phase 3 study that would enroll up to ... (more...)
Blizzard Employees Paid Minimum Wage, Executives Paid Millions
- August 06, 2020
To answer their staff and to ensure fair pay, the company promised its staff that they would be making a study, according to people familiar with the situation, and the results were published last month. The average monthly cost to rent property in Irvine, California, where the company's headquarters is located, is almost $2,500. In June, a pro-labor investor in Activision Blizzard , CtW Investment Group, launched a campaign to urge shareholders to reject the CEO Bobby Kotick's $30 million ... (more...)
- August 06, 2020
To answer their staff and to ensure fair pay, the company promised its staff that they would be making a study, according to people familiar with the situation, and the results were published last month. The average monthly cost to rent property in Irvine, California, where the company's headquarters is located, is almost $2,500. In June, a pro-labor investor in Activision Blizzard , CtW Investment Group, launched a campaign to urge shareholders to reject the CEO Bobby Kotick's $30 million ... (more...)
EV maker Lordstown Motors to go public by merging with…
- August 05, 2020
The electric truck company has entered into a definitive agreement with DiamondPeak Holdings Corp . A blank check company is generally referred to as a "special goal acquisition company" (SPAC), which is formed in order to raise funds via an IPO to finance a merger or acquisition. (more...)
- August 05, 2020
The electric truck company has entered into a definitive agreement with DiamondPeak Holdings Corp . A blank check company is generally referred to as a "special goal acquisition company" (SPAC), which is formed in order to raise funds via an IPO to finance a merger or acquisition. (more...)
Ammonium nitrate stored in a warehouse linked to catastrophic Beirut explosion
- August 05, 2020
Lebanon's capital, Beirut, is mourning the victims of Tuesday's huge blast, which killed more than 100, injured thousands and caused widespread destruction in the city . The governor of Beirut port told Sky News a team of firefighters, who were battling the initial blaze, had "disappeared" after the explosion. Facades of central Beirut buildings were ripped off, furniture was sucked into streets and roads were strewn with glass and debris. (more...)
- August 05, 2020
Lebanon's capital, Beirut, is mourning the victims of Tuesday's huge blast, which killed more than 100, injured thousands and caused widespread destruction in the city . The governor of Beirut port told Sky News a team of firefighters, who were battling the initial blaze, had "disappeared" after the explosion. Facades of central Beirut buildings were ripped off, furniture was sucked into streets and roads were strewn with glass and debris. (more...)
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Oil steadies as frail demand outlook tempers USA stock drawdown