Money


Qantas offers seven-hour 'flight to nowhere' Qantas offers seven-hour 'flight to nowhere'
- September 19, 2020

They'll fly over some iconic landmarks including Uluru, the Great Barrier Reef and Sydney Harbour. The flight will be carbon offset and operate on a cost-neutral basis, Qantas said, amid some concerns being raised on social media over the environmental impact of such flights. (more...)
Social Capital Hedosophia Holdings Corp. II Takes Opendoor Public by SPAC Deal Social Capital Hedosophia Holdings Corp. II Takes Opendoor Public by SPAC Deal
- September 18, 2020

Today, Social Capital Hedosophia II , the blank-check company associated with investor Chamath Palihapitiya , announced that it will merge with Opendoor, taking the private real estate startup public in the process. The transaction is further supported by a $600 million PIPE at $10.00 per share, with US$ 200 million from entities affiliated with Social Capital Hedosophia, including US$ 100 million from Chamath Palihapitiya, US$ 58 million from Hedosophia, and the remainder from existing ... (more...)
Ferrari Portofino M revealed: Entry-level convertible gains power boost Ferrari Portofino M revealed: Entry-level convertible gains power boost
- September 18, 2020

More than just a performance upgrade, Ferrari is also claiming the Portofino M boasts a "significant reduction in fuel consumption in urban and motorway contexts" however the Prancing Horse is yet to provide an official figure. The next-generation hardtop improves on its predecessor with added performance and an all-new transmission. Replacing the previous seven-speed unit, the new gearbox is said to deliver smoother gear changes at low speeds and improved response. (more...)
Powerball numbers: Are you the lucky victor of Wednesday’s $94 million jackpot? Powerball numbers: Are you the lucky victor of Wednesday’s $94 million jackpot?
- September 18, 2020

Oh my god, this is insane. The last time the game had a jackpot victor of more than $30 million was for the May 16, 2018 drawing when a Houston resident claimed the advertised $30.25 million prize. "We've been playing for a long time". Players can phone Lotto NZ on 0800 695 6886 if they wanted to find out the best way to claim a prize. "I always ask the retailer for Quick Pick numbers and that's what won me the jackpot", he smiled. (more...)
Mazda CX-30 Turbo revealed Mazda CX-30 Turbo revealed
- September 18, 2020

In new CX-30 flagship, the Skyactiv-G 2,5 Turbo engine delivers 186 kW and 434 N.m when run on 93-octane fuel (or 169 kW and 420 N.m when fed 87-octane petrol). The CX-30 Turbo will offered with an assortment of i-Activsense safety features including an adaptive front-lighting system, traffic sign recognition technology and a 360° view monitor. (more...)
ByteDance plans TikTok IPO to win United States deal as deadline looms ByteDance plans TikTok IPO to win United States deal as deadline looms
- September 18, 2020

A Walmart spokesman on Thursday declined to comment further, and Oracle did not immediately respond to inquiries from DailyMail.com on Thursday morning. The company also told state-backed newspaper Global Times on Thursday that a sale of TikTok's operations or technologies is not included in its proposal to the United States. (more...)
COVID Vaccine Being Snapped Up By Wealthier Nations COVID Vaccine Being Snapped Up By Wealthier Nations
- September 18, 2020

The group further warns that even if the five potential vaccines turn out to be sufficiently safe and effective-an unlikely scenario-the coming year would still be marked by the public health crisis because 61% of the world's population would likely not have a vaccine until at least 2022. (more...)
Powell: low rates to stay until job, inflation boost Powell: low rates to stay until job, inflation boost
- September 18, 2020

The Fed left its benchmark interest rate unchanged at almost zero, where it has been pegged since the virus pandemic intensified in March. Fed officials said in a set of quarterly economic projections that they expect to keep rates at zero through 2023. (more...)
Snowflake Soars 130% in $3.36 Billion Record Software IPO Debut Snowflake Soars 130% in $3.36 Billion Record Software IPO Debut
- September 18, 2020

Around 36 million shares changed hands on Wednesday. "Shares pulled back a bit as the day wore on but still finished the day with a almost 112% gain". today and Sumo Logic Inc. Snowflake, which allows for the analyzing and sharing of data in the cloud, has over 3,117 customers, almost double from a year ago, according to its Securities and Exchange Commission filing. (more...)
Gov't plans to start shipping COVID-19 vaccine quickly after approval Gov't plans to start shipping COVID-19 vaccine quickly after approval
- September 18, 2020

The government has also been looking at conducting large scale phase 3 human trials of the vaccine in the country. Public health officials have said that approving a vaccine for widespread use based on a small number of cases would not offer enough safety information to show how the vaccine would perform. (more...)
Sleeping, speeding Tesla driver charged with risky driving: RCMP Sleeping, speeding Tesla driver charged with risky driving: RCMP
- September 18, 2020

Tesla founder Elon Musk has said he expects his vehicles to be completely autonomous , with little driver input needed, by the end of the year. After being pulled over, the driver was charged with speeding and handed a 24-hour licence suspension for fatigue. (more...)
Australia's COVID-19 hotspot on target for easing lockdown as cases drop Australia's COVID-19 hotspot on target for easing lockdown as cases drop
- September 18, 2020

Victoria recorded 42 new cases of COVID-19 on Wednesday, with eight deaths in the state. Outdoor gatherings of up to 10 people will be permitted, residents of a household will now be allowed to visit one other home, and cafes will be able to seat up to 50 people outside. (more...)
United States jobless claims resume drop in sign of gradual improvement United States jobless claims resume drop in sign of gradual improvement
- September 18, 2020

Ohioans have filed more initial unemployment claims during the past 26 weeks than the previous four years, ODJFS stated. "The recovery has progressed more quickly than generally expected ", Fed Chair Jerome H. Roughly 1 million unemployed Americans have been seeking aid each week for the past six months, when the COVID-19 crisis triggered an unprecedented shutdown of the nation's economy, pointing to a sluggish turnaround. (more...)
Google will not resume offices till July 2021, record states Google will not resume offices till July 2021, record states
- September 18, 2020

It is the longest time frame for a full office re-opening laid out by any company of its size. Google previously stated that the work-from-home option would be extended through the end of the year-however, with COVID-19 cases continuing to surge, that decision has been considerably extended. (more...)
Nissan unveils Z Proto - new Z vehicle with a V6, manual gearbox Nissan unveils Z Proto - new Z vehicle with a V6, manual gearbox
- September 18, 2020

Combining a retro theme with one that also projected futurism was challenging, said Alfonso Albaisa , head of design at Nissan. The Nissan Z Proto is one of 10 new vehicles that Nissan is showing for the USA in 20 months. An all-electric Nissan Z would have been a more affordable alternative to the insane upcoming Tesla Roadster. We'll bring you more news on the Nissan 400Z as it comes to light. (more...)
Trump says no TikTok deal yet amid security concerns Trump says no TikTok deal yet amid security concerns
- September 18, 2020

It is a risky strategy. Marco Rubio (R-FL) sent a letter to President Donald Trump on Wednesday asking him to block Oracle's attempt to partner with TikTok's Chinese parent company, ByteDance . Assuming ByteDance is China and I think it is, ' he said . Trump told reporters Wednesday he has not seen the specifics of the deal but that "conceptually" he would be opposed to ByteDance being allowed to retain a controlling share of TikTok. (more...)
Hyundai Motor launches all-new Tucson Hyundai Motor launches all-new Tucson
- September 18, 2020

The interior of the new Tucson features a large centre fascia with dual 10.25-inch touchscreens and a hood less digital instrument cluster. These design elements make the Tucson unlike all of the other cars in the saturated SUV market. Tucson drivers get further assistance from Hyundai's HTRAC all-wheel-drive system that provides sure footing on various road surfaces and conditions. (more...)
United Kingdom inflation sinks to 0.2 percent on virus stimulusWorld United Kingdom inflation sinks to 0.2 percent on virus stimulusWorld
- September 18, 2020

This helped to push the official cost of living benchmark to 0.2pc in August compared with the same month past year, down from 1pc in July, the Office for National Statistics said. Nicholls is also concerned that the government's latest social distancing restrictions, introduced on Monday, will undo the good work that the Eat Out to Help Out scheme did in rebuilding consumer confidence in the sector. (more...)
Oil rises but bleaker demand outlook weighs Oil rises but bleaker demand outlook weighs
- September 17, 2020

The U.S. agency has cut its forecast of global oil consumption next year by 570,000 barrels a day from the level it foresaw just a month ago. The Paris-based agency had earlier this year projected an estimated global oil demand of 8.1m bpd. (more...)
United Kingdom jobless rate rises to 4.1% as virus effects take hold United Kingdom jobless rate rises to 4.1% as virus effects take hold
- September 17, 2020

The figures do not include the millions of people who are furloughed , those on zero-hours contracts but not getting shifts, or people on temporary unpaid leave from a job, as they still count as employed. "However, the decline in employees on payrolls and the rise in the claimant count in August as the furlough scheme began to taper is a clear warning that the full impact of coronavirus on the United Kingdom labour market is yet to come". (more...)

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