Money


First Passengers Travel Safely on a Hyperloop First Passengers Travel Safely on a Hyperloop
- November 09, 2020

Virgin Hyperloop envisions building systems that connect cities. Sultan Ahmed bin Sulayem, Chairman of Virgin Hyperloop and Group Chairman and CEO of DP World, watched the passenger testing first-hand in Las Vegas , Nevada . Walder said that pods at the facility wouldn't reach 600mph, but declined to share how fast they would go. Virgin Hyperloop has said they aim to be safety certified by 2025 and running commercial operations by 2030. (more...)
Warren Buffett: Berkshire Q3 Earnings Show Record Investment Warren Buffett: Berkshire Q3 Earnings Show Record Investment
- November 09, 2020

Geico , the company's auto insurer, reported a almost 27% drop in pretax underwriting earnings, partially driven by a program to give consumers premium credits because of the pandemic. "Certain of our businesses are undertaking and will likely continue to undertake restructuring activities that will resize their operations to better fit expected customer demand", Berkshire said Saturday in the filing. (more...)
First COVID-19 vaccine is 90 percent effective, says Pfizer First COVID-19 vaccine is 90 percent effective, says Pfizer
- November 09, 2020

To do so, it will need two months of safety data from about half the study's 44 000 participants, which his expected late this month. A major breakthrough has been announced in the search for a coronavirus vaccine , with the jab from Pfizer found to be more than 90% effective. (more...)
Netflix tests out Netflix Direct in France Netflix tests out Netflix Direct in France
- November 09, 2020

However, this time, the company has chosen one single country and not a smaple of users. We all know what Netflix is and what services it offers, but for those tiny percentage of people who don't, Netflix is a USA-based technology company and media services provider and also a standalone production company that was founded back in 1997. (more...)
It's time unite and to heal: US President-elect Joe Biden It's time unite and to heal: US President-elect Joe Biden
- November 09, 2020

The news agency has already declared Biden the victor in both MI and Wisconsin. On Saturday, Democrat Joe Biden captured it back - and also won the presidency - after The Associated Press declared the former vice president the victor of his native Pennsylvania at 11:25 a.m. (more...)
ESPN Laying Off 300 Workers ESPN Laying Off 300 Workers
- November 09, 2020

Pitaro wrote. "The pandemic's significant impact on our business clearly accelerated those forward-looking discussions". "The speed at which change is happening is a matter of great urgency and we must now serve sports fans in countless new ways". (more...)
Jim Carrey gives Trump a proper goodbye on ‘SNL’ cold open Jim Carrey gives Trump a proper goodbye on ‘SNL’ cold open
- November 09, 2020

A little more than 12 hours after Joe Biden was officially elected the 46th president of the United States, " Saturday Night Live " returned for its final new episode of the election season, with Jim Carrey and Alec Baldwin reprising their roles as Biden and President Donald Trump in the show's cold open. (more...)
Strong growth in China's exports last month Strong growth in China's exports last month
- November 09, 2020

China's economic recovery likely continued in October, with early data showing ongoing expansion in manufacturing and a pickup in the services industry.Strong exports have been a major support to that recovery due to global demand for medical gear and equipment for people to work at home. (more...)
India comes at the forefront on vaccination intent: Global survey India comes at the forefront on vaccination intent: Global survey
- November 09, 2020

The survey , which was released on Thursday (5 November) by the market research company Ipsos in conjunction with the World Economic Forum, found there is a growing reluctance to receive a vaccine, with a decline in vaccine intent found in 10 of the 15 countries surveyed. (more...)
EU Sees UK Economy Tanking in First Forecast Assuming No EU Sees UK Economy Tanking in First Forecast Assuming No
- November 08, 2020

Gentiloni explained that the pandemic caused the deepest recession in the European Union history in the first half of 2020, followed by a strong rebound in the third quarter as containment measures were eased, but the resurgence of the pandemic and new restrictive measures have interrupted the rebound. (more...)
RSA comments on £7.2bn takeover proposal from Intact & Tryg RSA comments on £7.2bn takeover proposal from Intact & Tryg
- November 08, 2020

Under the offer the companies would pay 685p in cash per RSA share or £6.9bn, while investors would also receive an already announced £83m (8p per share) dividend. There is no certainty that the consortium will make a formal bid and any offer would be subject to conditions including a period of due diligence, RSA said as it confirmed the talks following a report by Bloomberg . (more...)
Wall Street pauses as Biden edges closer to victory — International Business Wall Street pauses as Biden edges closer to victory — International Business
- November 08, 2020

Mr Biden now leads in the Electoral College against Donald Trump and overtook the president in swing states Georgia and Pennsylvania on Friday, as vote-counting continued. Investors and economists say the economy needs such stimulus, particularly when the country's new coronavirus cases are setting records once again. (more...)
Oil rises 4% after Trump falsely claims victory in tight USA election Oil rises 4% after Trump falsely claims victory in tight USA election
- November 08, 2020

Oil prices fell more than 2 percent on Friday as new lockdowns in Europe to halt surging infections of COVID-19 sparked concern about the outlook for demand, while markets remained on edge over drawn-out vote counting in the United States presidential election. (more...)
Amazon Web Services to invest 20,000 crore in Telangana Amazon Web Services to invest 20,000 crore in Telangana
- November 07, 2020

The new region will be located in Hyderabad , which is the capital and the largest city in Telangana. Vijay Jain, founder of Minfy Technologies, an AWS Premier Consulting Partner focused on SAP, said a second AWS cloud region in India would further benefit its enterprise resource planning customers that want to run their critical workloads on a cost-effective and secure platform. (more...)
UK Chancellor extends furlough scheme to end of March 2021 UK Chancellor extends furlough scheme to end of March 2021
- November 07, 2020

Under the scheme , employees will be paid 80% of their current salary for hours not worked, up to a maximum of £2,500 (US$3,230), by the United Kingdom government. Millions more will be supported as a result of the Self-Employment Income Support Scheme . The move is likely to add billions of pounds to Government spending and follows claims from allies of Mr Sunak that he has been effectively "bounced" by Mr Johnson into agreeing more cash for the devolved administrations. (more...)
Royal Enfield unveils cruiser bike at ₹1.75 lakh Royal Enfield unveils cruiser bike at ₹1.75 lakh
- November 07, 2020

Also, the build quality and the features too are expected to be a lot better than what has been traditionally seen on Royal Enfield motorcycles till date. But the most notable improvement is the Kerb weight that is 6kg lighter, at 191kg. The Meteor 350 will be available in three variants - Fireball, Stellar and Supernova. (more...)
USA authorities seize $1 billion worth of Silk Road Bitcoins USA authorities seize $1 billion worth of Silk Road Bitcoins
- November 07, 2020

It was shut down by the U.S. government in 2013. Law enforcement officials announced on Thursday that they had seized the largest amount of bitcoins in the history of the Justice Department related to illicit dark web marketplace activity. (more...)
Gold rate today ease on strong United States dollar, weak global trend Gold rate today ease on strong United States dollar, weak global trend
- November 07, 2020

Even gold, a traditional safe-haven asset, rallied overnight as investors looked forward to the conclusion of the US election as a precursor to more fiscal stimulus in the world's largest economy. presidential election results which suggest Democrat contender Joe Biden is inching closer to victory, though the prospect of a contested result remained. (more...)
Australian Trade Minister: Industry reports on China trade 'deeply troubling' Australian Trade Minister: Industry reports on China trade 'deeply troubling'
- November 07, 2020

Along with lobsters, wine, sugar, coal, barley, timber and copper ore are also on the list of products which are being flagged for various reasons by China's customs department. They said it was not an absolute order, but a suggestion. "There is no explicit order on beef yet, but you can try to understand the situation yourself", said the manager. (more...)
"Legal Proceedings Just Beginning", Warns Trump As Biden Nears 270-Mark
- November 07, 2020

On the legal team, Trump's efforts to contest election results in states such as Pennsylvania , Arizona, Georgia and MI have been guided by lawyers who have been by the President's side for years, including Jay Sekulow, the conservative lawyer who helped lead Trump's defense in special counsel Robert Mueller's probe of Russian interference in the 2016 election, and is helping to orchestrate some of the legal challenges filed in Pennsylvania . (more...)

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