Economy

Global stock markets dive as coronavirus spreads

Global stock markets dive as coronavirus spreads

But a continued decline in 2-year yields suggested a different trading dynamic, Simons said , and seemed to show traders looking for some type of action by the USA central bank. The bets picked up st...

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Gold prices hit record high, reach Rs 96,300 per tola in Pakistan

Gold prices hit record high, reach Rs 96,300 per tola in Pakistan

The Dow Jones is down about 1,000 points, the bond yields are also lower". The sudden spread of the virus in Italy, which poses wider fears of a spread in other European countries, was accompanied...

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Victoria's Secret Owner Sells Majority Stake for $525 Million

Victoria's Secret Owner Sells Majority Stake for $525 Million

Victoria's Secret is SOLD. Victoria's Secret's parent company has also sold a controlling stake in the brand, selling 55% of it for $525 million. Stacey Widlitz, president of SW Retail Advisors...

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Vancouver-based Teck withdraws application for Frontier mine in Alberta

Vancouver-based Teck withdraws application for Frontier mine in Alberta

Trudeau showed he wasn't interested in being in charge when, last Tuesday, he said the answer to the lawless at the blockades was more touchy-feely consultation and listening. Without more clarity f...

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UAE GDP registers 2.9% growth in 2019: Central Bank

UAE GDP registers 2.9% growth in 2019: Central Bank

This growth, the Central Bank report noted, was the highest growth registered in the last seven quarters, adding that some 38,765 new jobs were created in the fourth quarter of 2019. The top destinati...

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Vehicle sales in China plummet in February over coronavirus

Vehicle sales in China plummet in February over coronavirus

Auto dealerships have remained closed whilst patrons have stayed away to stop the unfold of the fatal virus. China's passenger vehicle sales recorded 4,909 items in the first 16 days, down from 59...

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McDonald's making candles that smell like cheeseburgers

McDonald's making candles that smell like cheeseburgers

This is not the impossible dream, either. Pickles , onions , beef, buns , ketchup and cheese are to be the six smells associated with the upcoming line. You can still have $ 25 gloves, a $ 25 2...

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Tesla can fell trees at site of new factory, German court rules

Tesla can fell trees at site of new factory, German court rules

The ruling that halted the work on Giga Berlin (which is positioned in Brandenburg ) was done by the upper administrative courts of the states of Berlin and Brandenburg and prohibited Tesla from ...

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Justice Sotomayor Slams SCOTUS Ruling on Trump's Hard-Line Immigration Policies

Justice Sotomayor Slams SCOTUS Ruling on Trump's Hard-Line Immigration Policies

It said the final rule also addresses USCIS' authority to issue public charge bonds in the context of applications for adjustment of status. The Immigration and Nationality Act renders inadmissi...

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Warren Buffett Says He Finally Ditched Old Flip Phone for Latest iPhone

Buffett's comments surprised Stephen Dodson, who manages the Bretton Fund, which owns Berkshire shares. Buffett said Berkshire's managers and board members will protect the company after he and Mu...

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G20 finance ministers agree on final communique with reference to climate change

G20 finance ministers agree on final communique with reference to climate change

China has said it will not be sending any leaders from Beijing for the Riyadh gathering. "We must always not hide away from what goes on". "At this stage, I don't think risks to Japan's economy...

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U.S. may give farmers more aid until trade deals 'kick in'

U.S. may give farmers more aid until trade deals 'kick in'

Trump tweeted Friday that if farmers need additional aid until the newly completed trade deals fully kick in, it will be provided. On Friday, President Trump indicated that more aid may be on the way,...

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Ryanair denies O'Leary called for racial profiling of Muslims at airports

Ryanair denies O'Leary called for racial profiling of Muslims at airports

O'Leary's comments to The Times , in which he said terrorists "will generally be males of a Muslim persuasion", have also been branded "abhorrent" and "racist and discriminatory". "This is the ver...

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Canadian E-commerce Giant Shopify joins the Libra Association

Canadian E-commerce Giant Shopify joins the Libra Association

Several business consisting of Vodafone Group, Paypal Holdings as well as Mastercard have actually left the organization in current months. " "Our mission is to make commerce better for everyone." "...

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Wells Fargo to pay $3B to settle fake customer account scam

Wells Fargo to pay $3B to settle fake customer account scam

Top managers within Wells Fargo's Community Bank division were aware of the "unlawful and unethical" practices as early as 2002, and numerous practices were referred to as "gaming" within the bank, th...

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IATA: Virus may slash $29 billion from airlines' revenue

IATA: Virus may slash $29 billion from airlines' revenue

The impact shows a potential 13% full-year loss of passenger demand for carriers in the Asia-Pacific region. Need in the area is predicted to agreement eight.two % from the preceding calendar year, ...

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Wall St extends losses after data shows business activity stalls

Wall St extends losses after data shows business activity stalls

The Nasdaq Composite was down 136.59 points, or 1.40%, at 9,614.38. The Nasdaq recorded its worst session since January 27. Friday " s losses put the major averages on pace for their first weekl...

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WHO Team to Visit China's Wuhan to Investigate Coronavirus Outbreak

WHO Team to Visit China's Wuhan to Investigate Coronavirus Outbreak

Health authorities said they received reports of 889 new cases on Thursday, up from Wednesday's 394, bringing the tally in mainland China to 75,465. The ship is one of the biggest clusters for confi...

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Unacademy raises $110M funding led by General Atlantic, Facebook & Sequoia

Unacademy raises $110M funding led by General Atlantic, Facebook & Sequoia

Flipkart's CEO Kalyan Krishnamurthy and Udaan cofounder Sujeet Kumar also participated in the round, which according to sources, valued the company between $400-500 million. Gaurav Munjal , co-fo...

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No hurry to enter trade deal with U.S., says India

No hurry to enter trade deal with U.S., says India

It may be recalled that the "Howdy Modi" rally in Houston in the United States past year, that was also addressed by the two leaders, had resulted in some controversy after some commentators felt Trum...

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European Union adds Cayman Islands, Seychelles, Panama to tax haven blacklist

European Union adds Cayman Islands, Seychelles, Panama to tax haven blacklist

The decision to include Panama in the so-called "list of non-cooperative jurisdictions in fiscal matters, due to the fact that the Global Forum on Transparency and Exchange of Tax Information of Th...

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Interest rates: China cuts loan rate as it battles coronavirus impact

Interest rates: China cuts loan rate as it battles coronavirus impact

Analysts polled by Reuters had predicted new yuan loans would rise to 3.00 trillion yuan in January, up from 1.14 trillion yuan in the previous month and compared with the prior record 3.23 trilli...

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Elizabeth Warren's Bloomberg Takedown Gets

Elizabeth Warren's Bloomberg Takedown Gets "Ether" Treatment

Biden said he would focus on transmitting wind and solar energy across the electrical grid, invest in highway charging stations for electric vehicles and high-speed rail. These cases again raise quest...

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Morgan Stanley to buy E*Trade Financial in $13-billion deal

Morgan Stanley to buy E*Trade Financial in $13-billion deal

The deal is expected to close in the fourth quarter of this year, if regulators and shareholders approve it. But the hook-up still leaves E-Trade smaller than Fidelity, Vanguard and Schwab in terms ...

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Kickstarter employees become first at tech company to fully unionize

Kickstarter employees become first at tech company to fully unionize

Take, for example, Kickstarter , the leading USA crowdfunding platform, whose employees have now formed a union that is setting some expected, but also some surprising goals for itself. That's a slig...

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Boeing finds debris inside MAX fuel tanks

Boeing finds debris inside MAX fuel tanks

An inspection of each stored plane takes about three days to be completed, according to Leeham News , which reported earlier that debris had been discovered in some parked Max jets. An FAA spokesman ...

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Indian-Origin Chancellor Rishi Sunak to present UK Budget on March 11

Indian-Origin Chancellor Rishi Sunak to present UK Budget on March 11

Sunak, however, confirmed the date via Twitter: "Cracking on with preparations for my first Budget on March 11". The two will meet for budget talks for the first time tomorrow to iron out Mr Johnso...

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Ottawa-Québec City service will resume — VIA RAIL

Ottawa-Québec City service will resume — VIA RAIL

All other VIA Rail services remain cancelled with the exception of Sudbury-White River traffic via CP Rail and Churchill-The Pas traffic on the Hudson Bay Railway until further notice. Some Indigenous...

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Korea confirms 15 new coronavirus cases, Hong Kong reports 2nd death

Korea confirms 15 new coronavirus cases, Hong Kong reports 2nd death

He had diabetes and kidney problems, but the exact cause of death has not yet been established. In order to substantially reduce the volume of travellers coming from China foreign travellers who ...

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US Slaps Rosneft With Sanctions for Venezuelan Oil-Trade Ties

US Slaps Rosneft With Sanctions for Venezuelan Oil-Trade Ties

Crude oil prices were trading with gains on February 19 as a result of growing supply concern in Libya and with USA sanctions on a subsidiary of Russian oil firm Rosneft. Cuba, Russia, and China hav...

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New migrant worker rules will focus on 'brightest and best'

New migrant worker rules will focus on 'brightest and best'

But, she added, employers can still use the UK's European Union settlement scheme to plan for the transition. "They want to see a British government with its own immigration policy and system, a...

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Wegmans 3rd Best Company To Work For

Wegmans 3rd Best Company To Work For

Great Place to Work then evaluates each company based on five dimensions, including credibility, respect, fairness, pride and camaraderie. "There is nothing more important to us than being a great...

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Oil prices fall 1% as market weighs coronavirus impact on demand

Oil prices fall 1% as market weighs coronavirus impact on demand

Oil snapped the longest run of daily gains this year as investors assessed the demand hit from the coronavirus and stimulus measures being rolled out to cushion its economic impact. While OPEC low...

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Brexit negotiator says United Kingdom must be able to set its own laws

Brexit negotiator says United Kingdom must be able to set its own laws

Prime Minister Boris Johnson has put a deadline of 31 December on agreeing a plan, saying he will not extend the transition period beyond then. EU negotiators have said that for a Canada-style d...

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Mining giant BHP warns coronavirus could impact demand

Mining giant BHP warns coronavirus could impact demand

Sales of the steelmaking ingredient accounted for about 47% of revenue in the first half, up from about 36% a year ago.Underlying earnings at BHP's continuing operations jumped to $5.2 billion from ...

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