Money
More heavy rain forecast as Bank Holiday could be coldest on record
- August 30, 2020
As the United Kingdom moves into September, it appears things will stay unbalanced and unpleasant for the time being. A strong northerly wind will gust 40-50mph throughout Saturday in eastern counties of England, bringing rough seas on North Seas coasts, while blowing in cloudy skies with occasional showers this morning then thicker cloud and outbreaks of rain will move down off the North Sea across East Anglia and SE England later. (more...)
- August 30, 2020
As the United Kingdom moves into September, it appears things will stay unbalanced and unpleasant for the time being. A strong northerly wind will gust 40-50mph throughout Saturday in eastern counties of England, bringing rough seas on North Seas coasts, while blowing in cloudy skies with occasional showers this morning then thicker cloud and outbreaks of rain will move down off the North Sea across East Anglia and SE England later. (more...)
Japan's 'flying car' gets off the ground with a person aboard
- August 30, 2020
The modest test was considered successful when the driver of a vehicle which looked like a slick motorcycle wit propellers was taken 1-2 meters off the ground level and hovered in that area for four minutes. SkyDrive commenced in 2012 as a volunteer-primarily based job named Cartivator which acquired funding from businesses these as Toyota, Panasonic and online video video game developer Bandai Namco. (more...)
- August 30, 2020
The modest test was considered successful when the driver of a vehicle which looked like a slick motorcycle wit propellers was taken 1-2 meters off the ground level and hovered in that area for four minutes. SkyDrive commenced in 2012 as a volunteer-primarily based job named Cartivator which acquired funding from businesses these as Toyota, Panasonic and online video video game developer Bandai Namco. (more...)
Cyber attacks halt New Zealand stock exchange for fourth day
- August 30, 2020
Asked if NZX had received a ransom request, Robertson replied: "I'm not aware of that, that's something you'll have to take up with GCSB". Temporary trading halts were ordered as a result, he added, with the market down from 3:57pm to 5:00pm on Tuesday and again from 11:24pm to 3:00pm on Wednesday, a spokesman told AFP. (more...)
- August 30, 2020
Asked if NZX had received a ransom request, Robertson replied: "I'm not aware of that, that's something you'll have to take up with GCSB". Temporary trading halts were ordered as a result, he added, with the market down from 3:57pm to 5:00pm on Tuesday and again from 11:24pm to 3:00pm on Wednesday, a spokesman told AFP. (more...)
Xpeng IPO: China EV maker climbs NYSE on trading debut
- August 29, 2020
Founded in 2014, Guangzhou-based Xpeng sells G3 sport-utility vehicles and P7 sedans with intelligent functions. The company will price its shares at $15 each, the sources said, after initially indicating they would be sold for $11 to $13 when the deal was launched on Friday. (more...)
- August 29, 2020
Founded in 2014, Guangzhou-based Xpeng sells G3 sport-utility vehicles and P7 sedans with intelligent functions. The company will price its shares at $15 each, the sources said, after initially indicating they would be sold for $11 to $13 when the deal was launched on Friday. (more...)
Facebook employees to work from home till July 2021
- August 29, 2020
Due to the coronavirus pandemic, many companies have implemented the home-working model to provide a safer environment for their employees. In response to Facebook, most of its staff have been working remotely since mid-March, when quarantine orders within the USA first went into impact. (more...)
- August 29, 2020
Due to the coronavirus pandemic, many companies have implemented the home-working model to provide a safer environment for their employees. In response to Facebook, most of its staff have been working remotely since mid-March, when quarantine orders within the USA first went into impact. (more...)
Mercedes-Benz to Deliver 1800 EVs to Amazon's Fleet
- August 29, 2020
The deal, financial details for which were not disclosed, is the largest order of electric vehicles (EVs) to date for Mercedes-Benz and will provide a major boost to Amazon's ambitions to decarbonise its European delivery fleets. But Mercedes-Benz appears to be making up for lost time. He added he was hoping this would also give "momentum on our sustainability offensive". The eSprinter can take a maximum payload of 900 kilograms while it can run for up to 150 kilometers (93 miles) as per ... (more...)
- August 29, 2020
The deal, financial details for which were not disclosed, is the largest order of electric vehicles (EVs) to date for Mercedes-Benz and will provide a major boost to Amazon's ambitions to decarbonise its European delivery fleets. But Mercedes-Benz appears to be making up for lost time. He added he was hoping this would also give "momentum on our sustainability offensive". The eSprinter can take a maximum payload of 900 kilograms while it can run for up to 150 kilometers (93 miles) as per ... (more...)
Apple losing ground in true wireless earphones market to Chinese rivals
- August 29, 2020
Samsung is expected to raise the competition bar in the second half of this year. Jabra and JBL had a 3 percent share each, with other players making up 43 percent of the market, Counterpoint said. This has resulted in less market share for Apple. "The low-to-mid end segment including Chinese brands and United States makers such as JLab is taking away share from the premium market", said Counterpoint analyst Liz Lee. (more...)
- August 29, 2020
Samsung is expected to raise the competition bar in the second half of this year. Jabra and JBL had a 3 percent share each, with other players making up 43 percent of the market, Counterpoint said. This has resulted in less market share for Apple. "The low-to-mid end segment including Chinese brands and United States makers such as JLab is taking away share from the premium market", said Counterpoint analyst Liz Lee. (more...)
Canadian Economy Posts Steepest Decline on Record in Second Quarter
- August 29, 2020
At the same time, Prime Minister Justin Trudeau's government ran up a Can$120 billion (US$90 billion) budget deficit dolling out emergency aid to Canadians, compared to a shortfall of Can$85 million during the same period previous year. The drop in GDP, he said, was of "a magnitude never before seen. and was likely the worst performance since the Great Depression". But "things were looking up by the end of the second quarter" with "solid momentum" continuing into July, he added. (more...)
- August 29, 2020
At the same time, Prime Minister Justin Trudeau's government ran up a Can$120 billion (US$90 billion) budget deficit dolling out emergency aid to Canadians, compared to a shortfall of Can$85 million during the same period previous year. The drop in GDP, he said, was of "a magnitude never before seen. and was likely the worst performance since the Great Depression". But "things were looking up by the end of the second quarter" with "solid momentum" continuing into July, he added. (more...)
Tesla was target of serious cyber attack, Elon Musk reveals
- August 29, 2020
To convince the company's employee to act as an insider for his criminal gang, Kriuchkov also told him in a face-to-face meeting that he was earlier involved in two similar "projects" were one of the victim companies paid a $4 million ransom after negotiating down from $6 million. (more...)
- August 29, 2020
To convince the company's employee to act as an insider for his criminal gang, Kriuchkov also told him in a face-to-face meeting that he was earlier involved in two similar "projects" were one of the victim companies paid a $4 million ransom after negotiating down from $6 million. (more...)
Google to keep employees working from home until July 2021
- August 28, 2020
Apart from Google, several other tech giants including Twitter and Facebook to extend work from home till the end of this year. Google who employ several thousand in the United Kingdom, have said their staff have been working remotely since the outbreak started in March. (more...)
- August 28, 2020
Apart from Google, several other tech giants including Twitter and Facebook to extend work from home till the end of this year. Google who employ several thousand in the United Kingdom, have said their staff have been working remotely since the outbreak started in March. (more...)
TikTok CEO Resigns After 3 Months 08/27/2020
- August 28, 2020
According to BBC News , Mayer has now written to all TikTok employees explaining that he resigning because of the politics. That order could bar U.S. Mayer's departure comes days after TikTok asked a federal judge to block the Trump administration from enacting a ban on the fast-growing social media network, bringing a geopolitical fight over technology and trade into a USA courtroom. (more...)
- August 28, 2020
According to BBC News , Mayer has now written to all TikTok employees explaining that he resigning because of the politics. That order could bar U.S. Mayer's departure comes days after TikTok asked a federal judge to block the Trump administration from enacting a ban on the fast-growing social media network, bringing a geopolitical fight over technology and trade into a USA courtroom. (more...)
Japanese PM Shinzo Abe to stand down over health concerns
- August 28, 2020
Mr. Abe said that party executives were finalizing plans for selecting a new leader. After stepping down, he said a drug was helping keep the problem in check. Abe, whose term ends in September 2021, is expected to stay on until a new party leader is elected and formally approved by the parliament. In December 2012, Abe returned to power, prioritizing economic measures over his nationalist agenda. (more...)
- August 28, 2020
Mr. Abe said that party executives were finalizing plans for selecting a new leader. After stepping down, he said a drug was helping keep the problem in check. Abe, whose term ends in September 2021, is expected to stay on until a new party leader is elected and formally approved by the parliament. In December 2012, Abe returned to power, prioritizing economic measures over his nationalist agenda. (more...)
Bitcoin (BTC) stock price corrects after a failed breakout
- August 28, 2020
With the poor price performance of Bitcoin over the past few days, it appears that the bears are in charge. The dive back to the drawing board occurred following BTC's failure to contain accrued gains above $11,500. The trend line is close to the 23.6% Fib retracement level of the recent decline from the $12,488 high to $11,101 low. The 50% Fib retracement level of the recent decline from the $12,488 high to $11,101 low is also near the $11,794 level. (more...)
- August 28, 2020
With the poor price performance of Bitcoin over the past few days, it appears that the bears are in charge. The dive back to the drawing board occurred following BTC's failure to contain accrued gains above $11,500. The trend line is close to the 23.6% Fib retracement level of the recent decline from the $12,488 high to $11,101 low. The 50% Fib retracement level of the recent decline from the $12,488 high to $11,101 low is also near the $11,794 level. (more...)
Ikea and Lego announce collaboration with Bygglek storage range
- August 28, 2020
Kids adore Lego , spending hours building entire worlds with the tiny plastic bricks. In a press briefing, he said Lego play was reserved for the weekend, since it was so messy. "The good thing is that you can not put it together the wrong way, and you don't need any tools", said LEGO design manager Rasmus Buch Løgstrup . "Plus, the BYGGLEK collection seamlessly fits in with other IKEA products, making it possible to have your children's creativity become a unique piece of decor at ... (more...)
- August 28, 2020
Kids adore Lego , spending hours building entire worlds with the tiny plastic bricks. In a press briefing, he said Lego play was reserved for the weekend, since it was so messy. "The good thing is that you can not put it together the wrong way, and you don't need any tools", said LEGO design manager Rasmus Buch Løgstrup . "Plus, the BYGGLEK collection seamlessly fits in with other IKEA products, making it possible to have your children's creativity become a unique piece of decor at ... (more...)
Phil Hogan to resign as EU Commissioner in wake of Golfgate controversy
- August 28, 2020
It was becoming increasingly clear that the controversy concerning my recent visit to Ireland was becoming a distraction from my work as an EU Commissioner and would undermine my work in the key months ahead. His statement reiterated his "heartfelt apology to the Irish people". Hogan began his working life managing a family farm in rural Ireland before entering politics, becoming a government minister in Dublin in the mid-1990s. (more...)
- August 28, 2020
It was becoming increasingly clear that the controversy concerning my recent visit to Ireland was becoming a distraction from my work as an EU Commissioner and would undermine my work in the key months ahead. His statement reiterated his "heartfelt apology to the Irish people". Hogan began his working life managing a family farm in rural Ireland before entering politics, becoming a government minister in Dublin in the mid-1990s. (more...)
US Fed allows inflation to rise, won't raise interest rates
- August 28, 2020
U.S. Federal Reserve Chairman Jerome Powell announced on Thursday that the central bank will seek to achieve inflation that averages 2 percent over time, a new strategy for carrying out monetary policy to help fight the COVID-19 pandemic and boost economic recovery. (more...)
- August 28, 2020
U.S. Federal Reserve Chairman Jerome Powell announced on Thursday that the central bank will seek to achieve inflation that averages 2 percent over time, a new strategy for carrying out monetary policy to help fight the COVID-19 pandemic and boost economic recovery. (more...)
Fed's inflation push lifts S&P 500, Nasdaq to new highs
- August 27, 2020
A gauge of global equity markets jumped to an all-time peak on Wednesday, after the S&P 500 and Nasdaq rallied to fresh records on upbeat corporate results, while the dollar eased a day before the Federal Reserve possibly sets a new course on inflation. (more...)
- August 27, 2020
A gauge of global equity markets jumped to an all-time peak on Wednesday, after the S&P 500 and Nasdaq rallied to fresh records on upbeat corporate results, while the dollar eased a day before the Federal Reserve possibly sets a new course on inflation. (more...)
Jeff Bezos Just Smashed A New Wealth Record
- August 27, 2020
Bezos' staggering amount of worth puts him well clear of his closest competitor and former richest man on the planet, Microsoft co-founder Bill Gates , who is worth around $124 billion (£93.9bn). Facebook's Mark Zuckerberg is hot on the tails of Gates, with his net worth to be valued at around $115 billion (£87bn). Bezos and wife MacKenzie Scott finalised their divorce on July 5 to the tune of a $38 billion settlement - the biggest divorce settlement in history. (more...)
- August 27, 2020
Bezos' staggering amount of worth puts him well clear of his closest competitor and former richest man on the planet, Microsoft co-founder Bill Gates , who is worth around $124 billion (£93.9bn). Facebook's Mark Zuckerberg is hot on the tails of Gates, with his net worth to be valued at around $115 billion (£87bn). Bezos and wife MacKenzie Scott finalised their divorce on July 5 to the tune of a $38 billion settlement - the biggest divorce settlement in history. (more...)
41st GST Council meet today: Here`s what is expected
- August 27, 2020
Discussion on correction in inverted duty on certain goods like textiles and footwear is also likely, they said. Rajeev Gowda said the state are at the forefront of the fight against COVID-19 and they should be compensated by the Centre. The Finance Ministry had reportedly sought advice from the Attorney General KK Venugopal on the matter as it faces strident demands from states for compensation under GST. (more...)
- August 27, 2020
Discussion on correction in inverted duty on certain goods like textiles and footwear is also likely, they said. Rajeev Gowda said the state are at the forefront of the fight against COVID-19 and they should be compensated by the Centre. The Finance Ministry had reportedly sought advice from the Attorney General KK Venugopal on the matter as it faces strident demands from states for compensation under GST. (more...)
U.S. dollar edges down ahead of Fed chair speech
- August 27, 2020
The dollar index rose 0.2% against rivals, making gold expensive for other currency holders, with focus on Powell's speech at Jackson Hole on Thursday, expected to provide further clarity on the U.S. "There are still a lot of concerns about the economy and they continue to indicate that rates are going be low and stimulus measures will continue, which should boost gold", Hynes added. (more...)
- August 27, 2020
The dollar index rose 0.2% against rivals, making gold expensive for other currency holders, with focus on Powell's speech at Jackson Hole on Thursday, expected to provide further clarity on the U.S. "There are still a lot of concerns about the economy and they continue to indicate that rates are going be low and stimulus measures will continue, which should boost gold", Hynes added. (more...)
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