Money


Britain seals first major post-Brexit free trade deal with Japan Britain seals first major post-Brexit free trade deal with Japan
- October 25, 2020

The British government claims the deal goes beyond the existing one Japan already has with the European Union , and follows months of negotiations between the two sides. Financial services make up Britain's biggest export to Japan, now standing at 28 percent. The 11-nation free-trade area covered 13 percent of the global economy in 2019 and more than $144 billion of trade, according to the British government. (more...)
Zero-Alcohol Guinness Launched By Diageo After Four-Year Development Zero-Alcohol Guinness Launched By Diageo After Four-Year Development
- October 25, 2020

Guinness 0 .0 is described as having "the same beautifully smooth taste, perfectly balanced flavour and unique dark colour" but without the alcohol. The product was developed by a team at St James's Gate. In taste tests by an independent panel, they found that Guinness 0 .0 "exceeded expectations" with its taste lauded as "outstanding"*. Nearly a century later, the brewer has finally produced a truly health-focused beer after launching a non-alcoholic version of the black stuff in an ... (more...)
FDA OKs Remdesivir, First Drug for COVID-19 FDA OKs Remdesivir, First Drug for COVID-19
- October 24, 2020

According to CNBC , the FDA has now authorized the use of the drug for all hospitalized Covid-19 patients at least 12 years old, making remdesivir the only drug currently approved as a therapeutic for the virus. Clinical trials assessing the safety and efficacy of the drug in this pediatric patient population are ongoing, the FDA said. Gilead, which has raised the possibility of bias in the "unblinded" World Health Organization study because patients and their doctors were aware of which ... (more...)
The Union says Australia Post issues extend past luxury watches The Union says Australia Post issues extend past luxury watches
- October 24, 2020

Australia Post says it will fully cooperate with an investigation into the decision to gift four Cartier watches to senior staff as a reward for a deal to do banking in post offices. The estimates hearing was told the total value of incentives was $97.4 million in the 2019/20 financial year. Scott Morrison forced the chief executive to stand aside on Thursday and threatened that if she refused, "she can go", as MPs and senior government figures pushed for her resignation. (more...)
United Kingdom sign first trade deal as independent nation United Kingdom sign first trade deal as independent nation
- October 24, 2020

British resistance to engaging in negotiations over the commitments cracked when United Kingdom negotiators were confronted with their offer to the Japanese previous year. Talks recommenced in London on Thursday, with Mr Barnier telling Reuters: "I think it's very important to be back at the table". The UK and Japan today officially signed the Comprehensive Economic Partnership Agreement. (more...)
Californian appeals court rules Uber, Lyft must reclassify drivers as employees Californian appeals court rules Uber, Lyft must reclassify drivers as employees
- October 24, 2020

In a blow to Uber and Lyft, a California appeals court said Thursday that the companies must reclassify their drivers as employees rather than independent contractors, affirming an earlier court decision. The group further dismissed Uber and Lyft's threats to suspend services or withdraw from California if forced to treat drivers as employees, calling it "a bluff meant to scare voters during this election". (more...)
Amazon extended the Amazon extended the "remote" until June 2021
- October 23, 2020

The Amazon spokesperson said in a Tuesday e-mail statement that the guidelines were added globally. Company Said before Employees can work from home until January. Told by the Amazon spokesperson on Tuesday. In downtown Seattle, where Amazon is the largest employer, the newly extended work-from-home regime will send new shock waves through the central business district's struggling stores and restaurants . (more...)
Tesla stock surges after Elon Musk's electric-car company posts record profits Tesla stock surges after Elon Musk's electric-car company posts record profits
- October 23, 2020

FSD is unusual in that Tesla charges people for self-driving features that aren't available yet. Elon Musk's electric-car maker delivered almost 140,000 vehicles last quarter, fueling record operating income of $809 million and free cash flow of $1.4 billion. (more...)
Britain and Japan sign post-Brexit trade deal Britain and Japan sign post-Brexit trade deal
- October 23, 2020

Foreign Minister Toshimitsu Motegi and British International Trade Secretary Liz Truss hailed the " landmark " agreement as promoting free trade and strengthening bilateral ties after inking the deal in Tokyo, with London seeing it as a step to join the Trans-Pacific Partnership grouping 11 Pacific nations. (more...)
UK Inflation Accelerates in September UK Inflation Accelerates in September
- October 23, 2020

Earlier, the inflation in the Colombo district for September decelerated to 4.0 percent, from 4.1 percent in August, indicating that the mostly used price gauge to decide on the interest rates remains within the desired ranged of 4 to 6 percent. (more...)
Recession and automation change future of work: WEF Recession and automation change future of work: WEF
- October 22, 2020

The report identifies technology proficiency, analytical thinking, creativity and flexibility as the top skills mining employers are looking for when it comes to hiring and replacing workers . The window of opportunity to reskill and upskill workers has become shorter in the newly constrained labour market. "Businesses, governments and workers must plan to urgently work together to implement a new vision for the global workforce". (more...)
No 10 agrees to new round of Brexit trade talks in London No 10 agrees to new round of Brexit trade talks in London
- October 22, 2020

In a statement of joint principles published today, the two sides agreed that the next set of negotiations will be based on each side's legal texts. The main stumbling blocks remain fishing rights, the governance of any deal and the "level playing field" aimed at preventing unfair competition, which includes state subsidies. (more...)
The Plastic Bag Ban In NY Will Begin Being Enforced Today The Plastic Bag Ban In NY Will Begin Being Enforced Today
- October 22, 2020

Months ago, NY announced that they were going to begin banning plastic bags from checkouts at stores across the state. Between 500 billion and one trillion plastic bags are consumed worldwide each year, according to the United States Environmental Protection Agency. (more...)
Quibi is Shutting Down Streaming Service Quibi is Shutting Down Streaming Service
- October 22, 2020

According to the Journal , Quibi has been trying to salvage its business by selling itself off, but the company failed to find any buyers. Katzenberg "has told people in the industry that he may have to shut down the company", The Information reported , citing an unnamed source. (more...)
U.S. Stock ETFs Gain on Stimulus Talk Progress U.S. Stock ETFs Gain on Stimulus Talk Progress
- October 21, 2020

Hong Kong's Hang Seng inched 0.1 percent higher. The MSCI Asia Pacific Index dipped 0.3 per cent. 6 shares of the Dow fell, and 24 closed higher. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. (more...)
Cathay Pacific to cut workforce by almost a quarter Cathay Pacific to cut workforce by almost a quarter
- October 21, 2020

Overall, it will cut 8,500 positions, or 24% of its normal headcount, but that includes 2,600 roles now unfilled due to cost reduction initiatives, Cathay said. "Parting ways with such a large number of our outstanding colleagues is a heart-wrenching decision and we are truly sorry for the anxiety and distress this will cause among those impacted and their families", Healy said. (more...)
SSC Tuatara sets production auto speed record, hits 532.93 kmph SSC Tuatara sets production auto speed record, hits 532.93 kmph
- October 20, 2020

The rocket-ship-on-wheels took off on October 10 on State Route 160 just outside of Las Vegas. with its sights set on crushing a world record. Rumors that something big was going on had begun to circulate on social media during the last few weeks, fanned by reports that Nevada officials were planning to shut down a portion of state Highway 160. (more...)
Oil Steady with OPEC+ Warning of Precarious Outlook Oil Steady with OPEC+ Warning of Precarious Outlook
- October 20, 2020

Oil prices were moving lower on Monday as investors fretted about slower demand recovery amid Covid-19 pandemic effects and oversupply scenario. Many European governments are tightening lockdowns to curb the spread of the virus, renewing concerns about oil demand. (more...)
US in no hurry to develop digital dollar: Fed's Powell US in no hurry to develop digital dollar: Fed's Powell
- October 19, 2020

Other nations including China are also at the advanced stages of their CBDC testing and though a date has not been declared for the release of the digital Yuan , its launch is arguably closer than ever. The Bank of Russian Federation has published a series of fresh proposals for the regulation of digital currency and other digital assets, in the latest development in the country's drive to develop a workable legal framework. (more...)
RM Williams bought by Australian mining tycoon Andrew 'Twiggy' Forrest RM Williams bought by Australian mining tycoon Andrew 'Twiggy' Forrest
- October 19, 2020

Forrest's investment fund Tattarang, which he owns with wife Nicola, announced the news on Monday. Founded in 1932 by Reginald Murray Williams, the premium bootmaker and clothing company has spent the better part of a century becoming practically synonymous with Australia (among other things). (more...)

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