Money
Ram 700 debuts on official terms
- October 12, 2020
The completely redesigned pickup is based on the Fiat Strada , which made its official debut earlier this year in Brazil and Argentina where the brand enjoys high popularity. In terms of capability, the Ram 700 comes with a max payload rating of 750 kilograms (1,653 pounds) and a max tow rating of 400 kilograms (882 pounds). (more...)
- October 12, 2020
The completely redesigned pickup is based on the Fiat Strada , which made its official debut earlier this year in Brazil and Argentina where the brand enjoys high popularity. In terms of capability, the Ram 700 comes with a max payload rating of 750 kilograms (1,653 pounds) and a max tow rating of 400 kilograms (882 pounds). (more...)
BOJ to study digital currency feasibility in FY 2021
- October 12, 2020
Most central banks that have been looking at the issue of digital currencies are treating it with caution because the risks of getting things wrong are significant. The BOJ said Friday it will create a system on the internet, where the basic functions of the CBDC, including its issuance and circulation, will be tested. (more...)
- October 12, 2020
Most central banks that have been looking at the issue of digital currencies are treating it with caution because the risks of getting things wrong are significant. The BOJ said Friday it will create a system on the internet, where the basic functions of the CBDC, including its issuance and circulation, will be tested. (more...)
EasyJet says pandemic causes annual loss of up to £845m
- October 11, 2020
BBC News reported that Martin Entwisle , a British pilots' union official, said that EasyJet was in a "really, really dire situation" after meeting with the airline's chief financial officer, Andrew Findlay. Bernstein analyst Daniel Roeska said easyJet was managing the downturn well, but like all airlines needed a recovery to come in 2021 as 'absent this, the industry will face an existential threat. (more...)
- October 11, 2020
BBC News reported that Martin Entwisle , a British pilots' union official, said that EasyJet was in a "really, really dire situation" after meeting with the airline's chief financial officer, Andrew Findlay. Bernstein analyst Daniel Roeska said easyJet was managing the downturn well, but like all airlines needed a recovery to come in 2021 as 'absent this, the industry will face an existential threat. (more...)
Trump offers $1.8 trillion coronavirus relief package
- October 10, 2020
U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed on Friday to reach agreement on a COVID-19 stimulus package, while the top Senate Republican voiced doubt that Congress would act before the November 3 election. (more...)
- October 10, 2020
U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed on Friday to reach agreement on a COVID-19 stimulus package, while the top Senate Republican voiced doubt that Congress would act before the November 3 election. (more...)
More jobs added across Canada, but minimal improvement to Alberta unemployment
- October 10, 2020
The overall provincial unemployment rate is slowly crawling in the right direction, dropping 0.1 per cent in September to 11.7 per cent, the second-highest of the provinces. Despite touting a "feminist" and "intersectional recovery" in the Liberal Party's throne speech, unemployment among women, minorities, and youth trails behind most other demographics. (more...)
- October 10, 2020
The overall provincial unemployment rate is slowly crawling in the right direction, dropping 0.1 per cent in September to 11.7 per cent, the second-highest of the provinces. Despite touting a "feminist" and "intersectional recovery" in the Liberal Party's throne speech, unemployment among women, minorities, and youth trails behind most other demographics. (more...)
COVID-19 pushed 115 million people into extreme poverty
- October 09, 2020
JOHANNESBURG-Up to 150 million people could slip into extreme poverty, living on less than $1.90 a day, by late next year depending on how badly economies shrink during the Covid-19 pandemic, the World Bank said on Wednesday in an outlook grimmer than before. (more...)
- October 09, 2020
JOHANNESBURG-Up to 150 million people could slip into extreme poverty, living on less than $1.90 a day, by late next year depending on how badly economies shrink during the Covid-19 pandemic, the World Bank said on Wednesday in an outlook grimmer than before. (more...)
Hyundai Motor delivers hydrogen-powered trucks to Switzerland
- October 09, 2020
South Korean automotive giant Hyundai Motor Company has flagged a digital launch of its Xcient Fuel Cell , the world's first mass-produced fuel cell heavy-duty truck, which it boasts will have a driving range of around 400-kilometres. "Xcient Fuel Cell is a present-day reality, not as a mere future drawing board project", said In Cheol Lee, Executive Vice President and Head of Commercial Vehicle Division at Hyundai Motor , speaking back in July. (more...)
- October 09, 2020
South Korean automotive giant Hyundai Motor Company has flagged a digital launch of its Xcient Fuel Cell , the world's first mass-produced fuel cell heavy-duty truck, which it boasts will have a driving range of around 400-kilometres. "Xcient Fuel Cell is a present-day reality, not as a mere future drawing board project", said In Cheol Lee, Executive Vice President and Head of Commercial Vehicle Division at Hyundai Motor , speaking back in July. (more...)
Biden unhappy with Trump's move to call off coronavirus relief talks
- October 09, 2020
Pelosi had earlier questioned the status of Trump's health, as well as exactly how long he has had COVID-19. "Make no mistake: if you are out of work, if your business is closed, if your child's school is shut down, if you are seeing layoffs in your community, Donald Trump decided today that none of that - none of it - matters to him", the statement reads . (more...)
- October 09, 2020
Pelosi had earlier questioned the status of Trump's health, as well as exactly how long he has had COVID-19. "Make no mistake: if you are out of work, if your business is closed, if your child's school is shut down, if you are seeing layoffs in your community, Donald Trump decided today that none of that - none of it - matters to him", the statement reads . (more...)
United States jobless claims likely remain high as layoffs persist
- October 09, 2020
Economists polled by MarketWatch had forecast new claims to fall to 820,000. The numbers had been declining amid continuing fallout from the coronavirus pandemic. "Even as filings are declining, levels remain extraordinarily high", Rubeela Farooqi, chief USA economist at High Frequency Economics, said in a note. (more...)
- October 09, 2020
Economists polled by MarketWatch had forecast new claims to fall to 820,000. The numbers had been declining amid continuing fallout from the coronavirus pandemic. "Even as filings are declining, levels remain extraordinarily high", Rubeela Farooqi, chief USA economist at High Frequency Economics, said in a note. (more...)
To build hub for cloud services in Greece
- October 08, 2020
The announcement comes as Greece's pro-business government plans to gradually shift the country's notoriously bureaucratic civil service online. These were the details of the news Microsoft plans to establish a center for cloud services in Greece for this day. (more...)
- October 08, 2020
The announcement comes as Greece's pro-business government plans to gradually shift the country's notoriously bureaucratic civil service online. These were the details of the news Microsoft plans to establish a center for cloud services in Greece for this day. (more...)
WTO Confirms Okonjo-Iweala In Final Race For DG
- October 08, 2020
Members of the worldwide trade body shortlisted Nigeria's Ngozi Okonjo-Iweala and South Korea's Yoo Myung-hee to proceed to the final round of the vote. Yoo, 53, is meanwhile now serving as her country's first female trade minister, following a career in trade diplomacy and foreign affairs. At the end of the selection exercises, if the WTO members are unable to select a leader by consensus, a vote requiring a qualified majority could be held as a last resort. (more...)
- October 08, 2020
Members of the worldwide trade body shortlisted Nigeria's Ngozi Okonjo-Iweala and South Korea's Yoo Myung-hee to proceed to the final round of the vote. Yoo, 53, is meanwhile now serving as her country's first female trade minister, following a career in trade diplomacy and foreign affairs. At the end of the selection exercises, if the WTO members are unable to select a leader by consensus, a vote requiring a qualified majority could be held as a last resort. (more...)
Stocks Rebound Amid Revived Hopes For Stimulus Talks
- October 08, 2020
Elsewhere the USA vice presidential debate did not move currency markets, but reinforced investors' expectations on the policy settings that Trump or Biden administrations would hold. Analysts have warned that the economic recovery risks stalling without further aid. The U.S. Travel Association says there are more than one million jobs at risk in hotels, rental auto companies, restaurants, retailers and other businesses that rely on travel and tourism. (more...)
- October 08, 2020
Elsewhere the USA vice presidential debate did not move currency markets, but reinforced investors' expectations on the policy settings that Trump or Biden administrations would hold. Analysts have warned that the economic recovery risks stalling without further aid. The U.S. Travel Association says there are more than one million jobs at risk in hotels, rental auto companies, restaurants, retailers and other businesses that rely on travel and tourism. (more...)
Regeneron CEO Says Company 'Proud' Trump Received COVID-19 Antibody Treatment
- October 08, 2020
Regeneron said it now has doses available for approximately 50,000 patients, and expects to have doses available for 300,000 patients within the next few months. But they gave me Regeneron , and it was, like, unbelievable. But Dr. Thomas Frieden, also a former CDC director, disagreed with Besser. Trump was given the treatment thanks to a " compassion use " request from his doctors, which allows patients access to experimental drugs to fight life-threatening illnesses. (more...)
- October 08, 2020
Regeneron said it now has doses available for approximately 50,000 patients, and expects to have doses available for 300,000 patients within the next few months. But they gave me Regeneron , and it was, like, unbelievable. But Dr. Thomas Frieden, also a former CDC director, disagreed with Besser. Trump was given the treatment thanks to a " compassion use " request from his doctors, which allows patients access to experimental drugs to fight life-threatening illnesses. (more...)
International Monetary Fund chief warns of "long ascent" toward global recovery
- October 08, 2020
In June, the Fund forecast 2021 global growth at 5.4 percent. Yet, despite the benefits on the long run and an initial boost to economic activity, these changes are expected to be costly in the short-term, according to the analysis. She added that the path ahead is clouded with extraordinary uncertainty, whereas faster progress on health measures, such as vaccines and therapies, could speed up the "ascent". (more...)
- October 08, 2020
In June, the Fund forecast 2021 global growth at 5.4 percent. Yet, despite the benefits on the long run and an initial boost to economic activity, these changes are expected to be costly in the short-term, according to the analysis. She added that the path ahead is clouded with extraordinary uncertainty, whereas faster progress on health measures, such as vaccines and therapies, could speed up the "ascent". (more...)
The Bank of Canada Concerned of CBDC Risks
- October 08, 2020
The paper, written by the University of IL professor Charles Khan and Bank of Canada staffer Francisco Rivadeneyra, claims that "the safety of a CBDC would depend on the competition between providers of aggregation solutions and the interaction of individual security protocols chosen by each supplier". (more...)
- October 08, 2020
The paper, written by the University of IL professor Charles Khan and Bank of Canada staffer Francisco Rivadeneyra, claims that "the safety of a CBDC would depend on the competition between providers of aggregation solutions and the interaction of individual security protocols chosen by each supplier". (more...)
Billionaires get richer during pandemic
- October 08, 2020
The 44-page report, titled "Riding the Storm", says billionaires' wealth topped $10.2 trillion for the first time in history at the end of July - topping the previous record of $8.9 trillion (2017). Observes Anuj Kagalwala, partner, asset and wealth management tax leader, at PwC Singapore: "It is interesting but not surprising that wealth in the tech and healthcare sectors surged ahead at a faster rate than other sectors". (more...)
- October 08, 2020
The 44-page report, titled "Riding the Storm", says billionaires' wealth topped $10.2 trillion for the first time in history at the end of July - topping the previous record of $8.9 trillion (2017). Observes Anuj Kagalwala, partner, asset and wealth management tax leader, at PwC Singapore: "It is interesting but not surprising that wealth in the tech and healthcare sectors surged ahead at a faster rate than other sectors". (more...)
John McAfee has been arrested in Spain and is facing extradition
- October 07, 2020
The government regulator alleges that Mr McAfee made over $23m (£17.7m) by "leveraging his fame" and recommending seven cryptocurrency offerings between 2017 and 2018, which allegedly turned out to be "essentially worthless", without disclosing that he was paid to do so. (more...)
- October 07, 2020
The government regulator alleges that Mr McAfee made over $23m (£17.7m) by "leveraging his fame" and recommending seven cryptocurrency offerings between 2017 and 2018, which allegedly turned out to be "essentially worthless", without disclosing that he was paid to do so. (more...)
Billionaire wealth hits new high of $10.2 trillion amid COVID-19 pandemic
- October 07, 2020
Between April 7 and July 31 this year, billionaires across every industry covered by the study saw their wealth rise by double digits, with billionaires in the technology, healthcare and industrial sectors leading the pack with 36 per cent to 44 per cent gains. (more...)
- October 07, 2020
Between April 7 and July 31 this year, billionaires across every industry covered by the study saw their wealth rise by double digits, with billionaires in the technology, healthcare and industrial sectors leading the pack with 36 per cent to 44 per cent gains. (more...)
Ducati Multistrada V4 production begins
- October 07, 2020
The radar system, developed in conjunction with the Department of Electronics, Information and Bioengineering of the Politecnico di Milano University, is part of Ducati's Advanced Rider Assistance Systems (ARAS) that enhances rider safety. (more...)
- October 07, 2020
The radar system, developed in conjunction with the Department of Electronics, Information and Bioengineering of the Politecnico di Milano University, is part of Ducati's Advanced Rider Assistance Systems (ARAS) that enhances rider safety. (more...)
Fed chair warns of economic tragedy if America can't control the coronavirus
- October 07, 2020
But just hours after Powell's appeal, President Donald Trump halted negotiations for a new stimulus package . "Even if policy actions ultimately prove to be greater than needed, they will not go to waste", he said. Congress passed several relief bills earlier in the pandemic, including the $2.2 trillion CARES Act, which provided for additional unemployment benefits of up to $600 a week for many individuals. (more...)
- October 07, 2020
But just hours after Powell's appeal, President Donald Trump halted negotiations for a new stimulus package . "Even if policy actions ultimately prove to be greater than needed, they will not go to waste", he said. Congress passed several relief bills earlier in the pandemic, including the $2.2 trillion CARES Act, which provided for additional unemployment benefits of up to $600 a week for many individuals. (more...)
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2.28 lakh people vaccinated on Day 7, 267 adverse events reported