Money
China's CBDC will be distributed in Shenzhen as part of public trials
- October 13, 2020
The currency retreated to 6.7320 per dollar, after closing on Friday at the strongest level since April 2019. The Bloomberg Commodity Index fell 0.2%.West Texas Intermediate crude fell 2.8% to $39.47 a barrel.Gold weakened 0.3% to $1,924.35 an ounce. (more...)
- October 13, 2020
The currency retreated to 6.7320 per dollar, after closing on Friday at the strongest level since April 2019. The Bloomberg Commodity Index fell 0.2%.West Texas Intermediate crude fell 2.8% to $39.47 a barrel.Gold weakened 0.3% to $1,924.35 an ounce. (more...)
U.S. Economists Awarded Nobel Memorial Prize in Economic Sciences
- October 12, 2020
Paul R. Milgrom , born 1948 in Detroit, USA. Both are academics at Stanford University in the US. Shirley and Leonard Ely Jr. Professor of Humanities and Sciences, Stanford University, USA. The youngest laureate to win the Nobel Prize in the Economic Sciences is Esther Duflo, who won the award at the age of 46 a year ago for her "experimental approach to alleviating global poverty". (more...)
- October 12, 2020
Paul R. Milgrom , born 1948 in Detroit, USA. Both are academics at Stanford University in the US. Shirley and Leonard Ely Jr. Professor of Humanities and Sciences, Stanford University, USA. The youngest laureate to win the Nobel Prize in the Economic Sciences is Esther Duflo, who won the award at the age of 46 a year ago for her "experimental approach to alleviating global poverty". (more...)
Waymo opens its fully driverless service to the public in Phoenix
- October 12, 2020
Waymo said it cleans its vehicles multiple times throughout the day, in addition to temperature-screening its maintenance workers and regularly flushing the cars' cabin air through their climate control systems. But human safety drivers are not being retired completely just yet. At the moment, Waymo One only works within a 100-square-mile area in Phoenix. (more...)
- October 12, 2020
Waymo said it cleans its vehicles multiple times throughout the day, in addition to temperature-screening its maintenance workers and regularly flushing the cars' cabin air through their climate control systems. But human safety drivers are not being retired completely just yet. At the moment, Waymo One only works within a 100-square-mile area in Phoenix. (more...)
Driverless Waymo rides available to public starting Thursday in Phoenix
- October 12, 2020
There will also be no remote monitoring person who can take charge in emergency situations and drive the auto, and this type of tour will be conducted for several weeks, and then Waymo re-introduces the backup drivers behind the wheel of some cars so that the company can work to expand its service area. (more...)
- October 12, 2020
There will also be no remote monitoring person who can take charge in emergency situations and drive the auto, and this type of tour will be conducted for several weeks, and then Waymo re-introduces the backup drivers behind the wheel of some cars so that the company can work to expand its service area. (more...)
'Safe Travel Corridor' Between New York and London in Discussion
- October 12, 2020
People traveling those established routes would be subjected to mandatory coronavirus tests prior to their flights and after arrival in the cities, enabling them to skip long quarantine periods. USA officials hope to reopen travel between the United States and Europe by creating safe travel corridors, also known as air bridges or travel bubbles, for travel across the pond. (more...)
- October 12, 2020
People traveling those established routes would be subjected to mandatory coronavirus tests prior to their flights and after arrival in the cities, enabling them to skip long quarantine periods. USA officials hope to reopen travel between the United States and Europe by creating safe travel corridors, also known as air bridges or travel bubbles, for travel across the pond. (more...)
Microsoft to allow employees work from home permanently
- October 12, 2020
Earlier, Google had extended work from home for its employees till June 30, 2021, for roles that don't need to be in the office. But, the windows creator refused to cover their relocation expenses. Unlike many companies, Microsoft has flourished during the COVID-19 pandemic. The company originally planned to begin opening its offices at the beginning of 2021, but those spaces may not ever be filled to capacity again. (more...)
- October 12, 2020
Earlier, Google had extended work from home for its employees till June 30, 2021, for roles that don't need to be in the office. But, the windows creator refused to cover their relocation expenses. Unlike many companies, Microsoft has flourished during the COVID-19 pandemic. The company originally planned to begin opening its offices at the beginning of 2021, but those spaces may not ever be filled to capacity again. (more...)
UK bolsters salary support for those hit by local lockdowns
- October 12, 2020
News that the government's Job Support Scheme (JSS) has been expanded to cover businesses forced to close due to COVID-19 restrictions is welcome, but there are questions about how this will impact mortgage borrowers, according to Trussle. (more...)
- October 12, 2020
News that the government's Job Support Scheme (JSS) has been expanded to cover businesses forced to close due to COVID-19 restrictions is welcome, but there are questions about how this will impact mortgage borrowers, according to Trussle. (more...)
Finance Minister Nirmala Sitharaman announces steps to boost consumer demand
- October 12, 2020
Finance Minister Nirmala Sitharaman on Monday said that the coronavirus pandemic has "adversely affected" the Indian economy and consumer demands need to be stimulated. It will be distributed as a Rupay prepaid card and be available until 31 March 2021. The government also announced that the north-east states will get 50-year interest-free loans of Rs 1,600 crore and Himachal Pradesh and Uttarakhand will get Rs 900 crore. (more...)
- October 12, 2020
Finance Minister Nirmala Sitharaman on Monday said that the coronavirus pandemic has "adversely affected" the Indian economy and consumer demands need to be stimulated. It will be distributed as a Rupay prepaid card and be available until 31 March 2021. The government also announced that the north-east states will get 50-year interest-free loans of Rs 1,600 crore and Himachal Pradesh and Uttarakhand will get Rs 900 crore. (more...)
RBI keeps key rates unchanged; signals more easing to protect economy
- October 12, 2020
Apart from the objective of mitigating the impact of COVID-19 on growth, the MPC also emphasised the need for a revival of growth on a "durable" basis. "Accordingly, the decision to go down the Open Market Operations (OMO) route for State Development Loans borrowings, increasing the limit for risk weights for the retail portfolio up to ₹7.5 crore and linking housing loan risk weights to loan-to-value ratio are policy innovations that will.nudge the term structure of rates lower". (more...)
- October 12, 2020
Apart from the objective of mitigating the impact of COVID-19 on growth, the MPC also emphasised the need for a revival of growth on a "durable" basis. "Accordingly, the decision to go down the Open Market Operations (OMO) route for State Development Loans borrowings, increasing the limit for risk weights for the retail portfolio up to ₹7.5 crore and linking housing loan risk weights to loan-to-value ratio are policy innovations that will.nudge the term structure of rates lower". (more...)
Doctor says Trump won't transmit virus, stays mum on tests
- October 12, 2020
Asked for details about the event and what protocols were put in place to prevent the spread of COVID-19 there, Owens told ABC News , "We are not interested in participating in your obvious media angle here to slander/attack the President regarding Covid-19". (more...)
- October 12, 2020
Asked for details about the event and what protocols were put in place to prevent the spread of COVID-19 there, Owens told ABC News , "We are not interested in participating in your obvious media angle here to slander/attack the President regarding Covid-19". (more...)
Yelp unveils a tool to help users avoid businesses accused of racism
- October 12, 2020
In what the company calls a "firm stance against racism", the review site Yelp will warn consumers when a business has been reported for racist behavior. "So far in 2020, we've seen a 133 percent increase in the number of media-fueled incidences on Yelp compared to the same time a year ago", Malik said. (more...)
- October 12, 2020
In what the company calls a "firm stance against racism", the review site Yelp will warn consumers when a business has been reported for racist behavior. "So far in 2020, we've seen a 133 percent increase in the number of media-fueled incidences on Yelp compared to the same time a year ago", Malik said. (more...)
LSE agrees to sell Borsa Italiana to Euronext for 3.9 billion pounds
- October 12, 2020
The London Stock Exchange entered exclusive talks with Euronext last month after the company that owns the Paris Stock Exchange eliminated Deutsche Borse and its Swiss rival SIX. However it will be a big deal for the French market operator, which has a market value of around 7 billion euros, to swallow. Euronext shares fell 3.6% in morning trading and LSE shares were up 0.7%. (more...)
- October 12, 2020
The London Stock Exchange entered exclusive talks with Euronext last month after the company that owns the Paris Stock Exchange eliminated Deutsche Borse and its Swiss rival SIX. However it will be a big deal for the French market operator, which has a market value of around 7 billion euros, to swallow. Euronext shares fell 3.6% in morning trading and LSE shares were up 0.7%. (more...)
Eaton Vance : Shares Up 48.5% After $7 Billion Morgan Stanley Deal
- October 12, 2020
But he continues to appear eager to pay top dollar to strengthen the asset management group, which is his most profitable line of business this year. The statement said there was limited overlap between the firms and highlighted Eaton Vance's presence in environmental, social and corporate governance (ESG) investing through its Calvert funds . (more...)
- October 12, 2020
But he continues to appear eager to pay top dollar to strengthen the asset management group, which is his most profitable line of business this year. The statement said there was limited overlap between the firms and highlighted Eaton Vance's presence in environmental, social and corporate governance (ESG) investing through its Calvert funds . (more...)
Dollar steady as markets wait on stimulus news
- October 12, 2020
The bullion, trades nearly Rs 6,000 lower than its lifetime high of Rs 56,191 per 10 gm hit last month. The most active gold contract for December delivery rose 31.1 USA dollars, or 1.64 percent, to close at 1,926.2 dollars per ounce. Talks have resumed between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin over coronavirus aid plans, two days after President Donald Trump ended them, and investors reckon a Democratic administration would be eager to spend. (more...)
- October 12, 2020
The bullion, trades nearly Rs 6,000 lower than its lifetime high of Rs 56,191 per 10 gm hit last month. The most active gold contract for December delivery rose 31.1 USA dollars, or 1.64 percent, to close at 1,926.2 dollars per ounce. Talks have resumed between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin over coronavirus aid plans, two days after President Donald Trump ended them, and investors reckon a Democratic administration would be eager to spend. (more...)
British Airways retires its final two 747s with a rare dual take-off
- October 12, 2020
In a rare occurrence, the final two aircraft G-CIVB and G-CIVY, will depart simultaneously from Heathrow's parallel runways before one re-joins the approach for a flypast along the airport's southern runway. In July, Qantas retired its final 747 jumbo. The airplane was the biggest industrial airplane on the planet, till the arrival of the Airbus A380 in 2007. (more...)
- October 12, 2020
In a rare occurrence, the final two aircraft G-CIVB and G-CIVY, will depart simultaneously from Heathrow's parallel runways before one re-joins the approach for a flypast along the airport's southern runway. In July, Qantas retired its final 747 jumbo. The airplane was the biggest industrial airplane on the planet, till the arrival of the Airbus A380 in 2007. (more...)
Ram 700 based on the Fiat Strada officially revealed
- October 12, 2020
Based on the Fiat Strada launched in April this year in Brazil and Argentina (where the Fiat brand is more popular), the 2021 Ram 700 is a classic case of badge engineering. For safety, the equipment list includes four airbags, advanced traction control with e-locker, ABS with EBD, power-assist steering, ISOFIX Anchors, electronic stability control, and hill-start assist. (more...)
- October 12, 2020
Based on the Fiat Strada launched in April this year in Brazil and Argentina (where the Fiat brand is more popular), the 2021 Ram 700 is a classic case of badge engineering. For safety, the equipment list includes four airbags, advanced traction control with e-locker, ABS with EBD, power-assist steering, ISOFIX Anchors, electronic stability control, and hill-start assist. (more...)
Ram 700 based on the Fiat Strada officially revealed
- October 12, 2020
Based on the Fiat Strada launched in April this year in Brazil and Argentina (where the Fiat brand is more popular), the 2021 Ram 700 is a classic case of badge engineering. For safety, the equipment list includes four airbags, advanced traction control with e-locker, ABS with EBD, power-assist steering, ISOFIX Anchors, electronic stability control, and hill-start assist. (more...)
- October 12, 2020
Based on the Fiat Strada launched in April this year in Brazil and Argentina (where the Fiat brand is more popular), the 2021 Ram 700 is a classic case of badge engineering. For safety, the equipment list includes four airbags, advanced traction control with e-locker, ABS with EBD, power-assist steering, ISOFIX Anchors, electronic stability control, and hill-start assist. (more...)
Ram 700 Debuts As Tiny Truck With Strong Specs
- October 12, 2020
Based on the Fiat Strada launched in April this year in Brazil and Argentina (where the Fiat brand is more popular), the 2021 Ram 700 is a classic case of badge engineering. It looks exactly like the Fiat inside and out, bar the badging and Ram-specific front grille. Inside, the Big Horn and Laramie get a seven-inch infotainment screen that supports wireless Apple CarPlay and Android Auto. (more...)
- October 12, 2020
Based on the Fiat Strada launched in April this year in Brazil and Argentina (where the Fiat brand is more popular), the 2021 Ram 700 is a classic case of badge engineering. It looks exactly like the Fiat inside and out, bar the badging and Ram-specific front grille. Inside, the Big Horn and Laramie get a seven-inch infotainment screen that supports wireless Apple CarPlay and Android Auto. (more...)
Ram 700 Is a Rebadged Fiat Strada Pickup Truck for Latin America
- October 12, 2020
Customers in the U.S. and Canada may associate the Ram brand with huge pickup trucks, but the same marque is primarily known in Latin America for cloning compact-sized, Brazil-made Fiat cars. First is a 1.4-litre Fire Evo petrol engine producing 85 PS of maximum power at 5,750 rpm and a peak torque of 118 Nm at 3,500 rpm. Another engine on offer is a more potent 1.3-litre Firefly turbocharged mill churning out 99 PS and 128 Nm. (more...)
- October 12, 2020
Customers in the U.S. and Canada may associate the Ram brand with huge pickup trucks, but the same marque is primarily known in Latin America for cloning compact-sized, Brazil-made Fiat cars. First is a 1.4-litre Fire Evo petrol engine producing 85 PS of maximum power at 5,750 rpm and a peak torque of 118 Nm at 3,500 rpm. Another engine on offer is a more potent 1.3-litre Firefly turbocharged mill churning out 99 PS and 128 Nm. (more...)
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...)
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