Money


UK unemployment rate highest in more than three years UK unemployment rate highest in more than three years
- October 14, 2020

Economists polled by Reuters had expected the unemployment rate to rise more slowly to 4.3%. The jobless rate climbed to 4.5% in the three months to August, up from 4.1% a month before, which was the highest since 2017, according to the office. (more...)
US stocks fall amid earnings US stocks fall amid earnings
- October 14, 2020

Applications to refinance a home loan dropped 0.3% and homebuyer mortgage applications declined 1.6% despite the average fixed 30-year mortgage rate falling one basis point to a fresh record low of 3.00%. The Federal Reserve has also indicated that it will keep interest rates at almost zero for a while to support the economy, even if inflation hits its target level. (more...)
All the best Amazon deals today
- October 14, 2020

Yahoo Lifestyle is committed to finding you the best products at the best prices. Don't just listen to us-this dryer brush has over 89,000 reviews and a 4.5-star rating on Amazon . As well as lightning deals , which are activated at a specific time and last until the stock runs out (which could be under an hour for a coveted item). (more...)
UK Job Support Scheme extended UK Job Support Scheme extended
- October 14, 2020

The analysis by the Institute of Public Policy Research (IPPR) published today indicates that Rishi Sunak's new employment support programme and job retention bonus will not make it viable for many businesses to retain their staff. those who are off work for a minimum of seven consecutive days due to the closure - will be able to obtain a grant to cover two thirds of the employee's salary from the Government, up to a maximum of £2,100 per month (with employers needing to cover NICS and ... (more...)
China stops all sorts of Coal imports from Australia China stops all sorts of Coal imports from Australia
- October 14, 2020

Australia's ties with top trade partner China soured in 2018 when it became the first country to publicly ban China's Huawei from its 5G network, and worsened after Canberra called for an enquiry into the origins of the coronavirus . Australia's coal is also its second-largest export, contributing to China's $14 billion coal market. "We're talking to the industry and we will continue to engage through officials with China to try to secure reassurance on these matters". (more...)
Citigroup Loses on Earnings Statement Citigroup Loses on Earnings Statement
- October 14, 2020

The COVID-19 crisis has so far infected more than 8 million people in the United States and caused over 220 thousand deaths. WFC shares -1.7%, with the damage somewhat mitigated by an upside surprise on revenue , which the company attributed largely to monetary and fiscal stimulus efforts. (more...)
Government overturns measures aiming to guarantee United Kingdom food standards in new law Government overturns measures aiming to guarantee United Kingdom food standards in new law
- October 14, 2020

Gareth Morgan, head of farming and land use policy at the Soil Association , said; "We are very disappointed the House of Commons has rejected key amendments on import standards, climate change and pesticides in the Agriculture Bill , that has been proposed by the House of Lords ". (more...)
Apple unveils iPhone 12, its first 5G handset, from $699 Apple unveils iPhone 12, its first 5G handset, from $699
- October 14, 2020

That's a big difference on paper, but it gets even crazier when you start to picture the phones side-by-side. The iPhone 12 and iPhone 12 Pro will be available to pre-order from October 16 and will be released on October 23. We plan to review each of the new iPhone 12 models, so be sure to check back for more buying advice. That means the 64 GB version can be $829, rather than $799. (more...)
Apple Launches HomePod Mini Speaker After First Model Flopped Apple Launches HomePod Mini Speaker After First Model Flopped
- October 14, 2020

Thanks to the phone's revolutionary new anechoic chamber , Apple has also optimized iOS frameworks so that the phones can get the best of 5G without using more power. This week, Apple is launching a second "Mini" device alongside the iPhone 12 Mini , with a smaller take on the HomePod arriving in the HomePod Mini . (more...)
WTO approves European tariffs on Boeing jets and other US goods WTO approves European tariffs on Boeing jets and other US goods
- October 14, 2020

The U.S. Trade Representative said that action removes the legal basis for Tuesday's ruling. "We continue to work closely with our customers around the globe, understanding their near-term and longer term fleet needs, aligning supply and demand while navigating the significant impact this global pandemic continues to have on our industry", said Greg Smith, Boeing executive vice president of Enterprise Operations and chief financial officer. (more...)
IPhone 12 Pro and iPhone 12 Pro Max Announced IPhone 12 Pro and iPhone 12 Pro Max Announced
- October 14, 2020

And since 2017, Apple has added more features to the HomePod. The Pro models consist of more premium materials such as stainless steel, while both feature a more durable glass display, with drop tests showing four-times better performance - ie: less likely to break - though they aren't immune from smashing. (more...)
Major US stimulus would boost US, global economies: International Monetary Fund official Major US stimulus would boost US, global economies: International Monetary Fund official
- October 14, 2020

In 2021, the deficit is seen narrowing to 3.8%. Advanced and emerging economies alike are expected to suffer deep and broad contractions in their economic growth, with more than 85 percent of countries around the world expected to witness sub-zero growth in 2020, according the report. (more...)
Indian consumers brace for high inflation as they curb spending Indian consumers brace for high inflation as they curb spending
- October 13, 2020

The rate of price rise in the food basket was 10.68 percent in September compared to 9.05 percent in August, as per the data released by the National Statistical Office (NSO) on Monday. The government has instructed MPC to tame retail inflation based on CPI at 4 percent (+,- 2 percent). This proves that gradually there is an inflation in the prices. (more...)
Bank of England asks banks about readiness for neg rates Bank of England asks banks about readiness for neg rates
- October 13, 2020

The Bank of England asked British lenders to assess their readiness for subzero interest rates, a sign that officials are weighing the merits of a policy that bankers say would heap problems on a sector already weighed down by Covid-19 and Brexit. (more...)
Twilio to buy data firm Segment for US$3.2B Twilio to buy data firm Segment for US$3.2B
- October 13, 2020

The boards of both companies have approved the deal, which is expected to close in the fourth quarter. Twilio hit record highs on Monday after it agreed to acquire Segment for $3.2 billion in an all-stock deal. Twilio acquired email API provider SendGrid a year ago in a deal worth around $3bn, so the company is not new to acquisitions of this scale. Last week, the American cloud communications platform upgraded its outlook for sales in the third quarter. (more...)
International Monetary Fund affirms f'cast for 9% drop of Croatia's 2020 GDP International Monetary Fund affirms f'cast for 9% drop of Croatia's 2020 GDP
- October 13, 2020

This represents a sharp downwards revision from the IMF's previous prediction in June when it said output would shrink 4.5 per cent. The upward revision in the IMF's 2020 growth forecast reflects in particular better-than-projected second-quarter growth in the U.S. (more...)
China warns its steelmakers to stop coking coal imports from Australia China warns its steelmakers to stop coking coal imports from Australia
- October 13, 2020

China is the biggest importer of Australian coal, taking 27% of its metallurgical coal in the year to June and 20% of its thermal coal. Australian Minister for Trade, Tourism and Investment Simon Birmingham said the federal government was "taking action and having discussions with China" after approaching authorities in the Asian nation overnight. (more...)
UK urges businesses to prepare for end of Brexit transition UK urges businesses to prepare for end of Brexit transition
- October 13, 2020

The EU's demand that the United Kingdom continue to submit to the ECtHR as the price of a Brexit deal appeared to further underline its symbiotic relationship with the bloc - as well as growing establishment recognition of public dissatisfaction with its rulings, which are often perceived as taking the side of terrorists , unsafe criminals, sexual predators , and illegal migrants against national governments and law-abiding citizens. (more...)
Americans Win 2020 Nobel Prize for Economic Science
- October 13, 2020

The economics prize, won by such luminaries as Paul Krugman and Milton Friedman in the past, was the final of the six awards in 2020, a year in which the Nobels have been overshadowed by the COVID-19 pandemic. "There are times that I have ideas and people think, 'That's too novel, that's insane, we're not going to try that, '" Milgrom told Stanford University . (more...)
European Stocks Rise With U.S. Futures; Yuan Falls: Markets Wrap European Stocks Rise With U.S. Futures; Yuan Falls: Markets Wrap
- October 13, 2020

The safe-haven Swiss franc was flat against the euro at 1.07630. "The economic fallout of COVID-19 has accelerated the relative decline of the U.S.as the world's economic engine", said ANZ chief economist Richard Yetsenga. A recovering economy, a hefty yield premium in sovereign debt over Treasuries and the prospect of a USA presidential victory by Democrat nominee Joe Biden are all providing tailwinds for a currency that earlier this year was near its lowest level since 2008. (more...)

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