Economy

U.S. trade deficit shrinks on falling China imports

U.S. trade deficit shrinks on falling China imports

Chinese exports collapsed 17.2 percent compared to the same period a year ago, in the biggest decline for Asian giant exports since February 2019 during the trade dispute with the United States. This ...

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We can get good agreement despite

We can get good agreement despite "very very difficult" disagreements — EU's Barnier

London has refused to negotiate a foreign policy and defence pact but the EU's trade chief Phil Hogan said the first round of talks had improved the "mood music" between the two sides. But the bloc i...

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USA added 273,000 jobs in February, smashing expectations

USA added 273,000 jobs in February, smashing expectations

The U.S. economy added 273,000 jobs in February , surpassing a prediction of 175,000 new jobs based on a Dow Jones survey of economists. So long as monthly job gains remain above 100,000 or so, the...

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Olive Garden slammed after manager grants 'racist' customer's request

Olive Garden slammed after manager grants 'racist' customer's request

To be told that "i should work at a strip club instead" was over the top. The manager of an Olive Garden in Evansville, Ind., has been fired after consenting to a customer's request that her black s...

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Dow Index Falls 256 Points as US Coronavirus Fatalities Rise to 15

The CBOE Volatility index, Wall Street 's fear gauge, jumped 7.62 points to 39.61. The S&P 500 posted its 10th decline in 12 sessions as moves to contain the virus crippled supply chains and prompt...

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Bloomberg ends his 2020 campaign, throws support behind Biden

Bloomberg ends his 2020 campaign, throws support behind Biden

Biden now receives yet another endorsement from a former 2020 Democratic rival after Sen. USA media tycoon Mike Bloomberg on Wednesday announced to suspended his campaign for Democratic presidential...

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Major cannabis company laying off 500 employees

Major cannabis company laying off 500 employees

There has also been a spree of goodwill write-downs, most recently Aurora Cannabis which wrote down nearly $1 billion. The cannabis sector has been facing the harsh reality of a much smaller market ...

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Apple, Netflix cancel SXSW plans amid coronavirus outbreak

Apple, Netflix cancel SXSW plans amid coronavirus outbreak

SXSW is scheduled to take place from March 13 to March 22 and normally attracts hundreds of thousands of visitors, with the tech convention alone pulling 74,000 attendants a year ago. The organizatio...

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USA economy surprises with 273,000 jobs added in February

USA economy surprises with 273,000 jobs added in February

Bureau of Labor Statistics data released Friday. Statistics Canada says the increase in jobs was led by Quebec, which posted its third consecutive month of job gains. The agency said there were gain...

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Microsoft put its employees first with Coronavirus actions this week

Microsoft put its employees first with Coronavirus actions this week

Microsoft is doing its employees a solid in the wake of the coronavirus outbreak that's now plaguing most of the world. A building on the Microsoft Headquarters campus is pictured July 17, 2014 in R...

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Dow falls 2.8% at the open, shrugging off good U.S. jobs data

Dow falls 2.8% at the open, shrugging off good U.S. jobs data

The slide almost wiped out the surge stocks had ridden just a day earlier, which came in part on hopes that moves by authorities around the world could cushion the economic fallout. CNN reported that...

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Woody Allen Memoir Canceled by Publisher Following Staff Walkout

Woody Allen Memoir Canceled by Publisher Following Staff Walkout

Allen has denied those allegations. Her brother, investigative journalist Ronan Farrow , subsequently said he would no longer work with the publisher. The New York Times obtained Farrow's email to...

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OPEC's Call For Deeper Output Cuts Sets Up Showdown With Russia, Kazakhstan

OPEC's Call For Deeper Output Cuts Sets Up Showdown With Russia, Kazakhstan

Global oil prices fell more than eight per cent Friday as the development revived fears of a price crash similar to 2014, when Saudi Arabia and Russian Federation fought for market share with US sha...

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Silver Rebounds After Surprise Fed Rate Cut

Silver Rebounds After Surprise Fed Rate Cut

Last Friday, Fed Chairman Jerome Powell issued a statement in the middle of heavy financial market losses saying the Fed would "act as appropriate" as it takes stock of how the coronavirus and the ill...

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Yes Bank crisis: SBI Board approves exploring investment opportunities; netbanking facilities hit

Yes Bank crisis: SBI Board approves exploring investment opportunities; netbanking facilities hit

Earlier, sources reported that a consortium of lenders, led by State Bank of India, will acquire a controlling stake in Yes Bank. Account holders at Yes Bank, who were trying to transfer money after...

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Facebook pulls out of South by Southwest festival over coronavirus fears

A conglomeration of parallel film, interactive media, and music festivals and conferences, SXSW began in 1987 and has continued to grow every year. It also canceled a global marketing conference p...

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President Trump Contradicts WHO's Warning over Coronavirus Death Rate

President Trump Contradicts WHO's Warning over Coronavirus Death Rate

In the same interview, Trump contradicted the World Health Organization's assertion that the virus has a 3.4% mortality rate, calling it "a false number" because of the number of people who have ha...

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Starbucks suspends use of reusable cups to limit coronavirus spread

Starbucks suspends use of reusable cups to limit coronavirus spread

Williams said that as the spread of coronavirus continues, the company is prioritizing the health and well-being of their partners and customers and working with local health officials and governme...

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Multiple Toyota and Lexus models recalled over potential fuel pump defect

Multiple Toyota and Lexus models recalled over potential fuel pump defect

On these vehicles, a low-pressure fuel pump inside the fuel tank could fail. Toyota Motor Corp.is recalling 3.2 million vehicles worldwide, more than half of which are in the USA, to fix faulty fuel...

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Coronavirus prevention: How to properly apply hand sanitizer

Coronavirus prevention: How to properly apply hand sanitizer

Purell, the best-selling hand sanitizer , is pumping up production. You are not alone in witnessing the prices of hand sanitizers skyrocket to alarming prices in the advent of coronavirus in Nig...

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IKEA Recalls 820,000 Dressers for Tip-Over Hazards

IKEA Recalls 820,000 Dressers for Tip-Over Hazards

LEIDEN, Netherlands- IKEA is recalling 820,000 three-drawer chests because they can tip over and crush kids. The product is sold with tip-over restraints. consensus standard, according to the U.S. C...

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IATA reports major dip in January passenger demand

IATA reports major dip in January passenger demand

Asia-Pacific airlines saw demand for air cargo contract by 5.9% in January 2020, compared to the year-earlier period. Additionally, Asia (excluding China, Japan, Singapore and South Korea) will be e...

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Ex-Waymo engineer Levandowski ordered to pay Google $179 million

Ex-Waymo engineer Levandowski ordered to pay Google $179 million

Anthony Levandowski was sued by Google after he left the company to found his own startup, Otto , which was swiftly acquired by Uber. He has $50 million to $100 million in estimated assets, compared...

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Robinhood offering compensation to users following outages

Robinhood offering compensation to users following outages

By noon on Tuesday, trading appeared to be back up and running. A week ago, Fidelity, TD Ameritrade, and Charles Schwab likewise experienced outage issues because of increased trading volumes. W...

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[BREAKING NEWS] First confirmed case of Covid-19 in South Africa

[BREAKING NEWS] First confirmed case of Covid-19 in South Africa

Health Minister Dr Zweli Mkhize has announced the first confirmed case of the coronavirus in South Africa . The minister revealed that a 38-year-old man from the Kwazulu-Natal province tested...

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OPEC Reportedly to Cut Output, but Russian Federation is the Game-Changer

OPEC Reportedly to Cut Output, but Russian Federation is the Game-Changer

Oil ministers from the group's 14 countries were gathering in Vienna on Thursday as energy producers were taking a hit from a 25% slide in crude prices since January. "The Covid-19 outbreak has had a ...

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Stocks Tank on Renewed Coronavirus Anxiety

Stocks Tank on Renewed Coronavirus Anxiety

The rally's momentum accelerated around midday after House and Senate leadership reached a deal on a bipartisan $8.3 billion bill to battle the coronavirus outbreak. US airline Southwest slipped 4.3...

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PM defends gov’t response to COVID-19 outbreak, warns against knee-jerk reactions

PM defends gov’t response to COVID-19 outbreak, warns against knee-jerk reactions

This week, Italy took the unprecedented step of ordering sporting events to be held without spectators in order to reduce the risk of transmission. "Our decisions are based on science, our decisions...

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India''s manufacturing PMI continues to expand strongly in February

India''s manufacturing PMI continues to expand strongly in February

In Australia, financial regulators held an emergency meeting to discuss the economic impact of the outbreak, two sources told Reuters, as markets moved to price in a central bank rate cut as early as ...

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Dow soars over 1,100 points amid Biden wins, plans for stimulus measures

Dow soars over 1,100 points amid Biden wins, plans for stimulus measures

Stocks rose sharply from the get-go, led by big gains for health care stocks after Joe Biden solidified his contender status for the Democratic presidential nomination. Among the S&P 500 indexes tha...

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Carney warns over 'large but temporary' coronavirus hit to economy

Carney warns over 'large but temporary' coronavirus hit to economy

The "collective response will be both powerful and timely", according to Mr Carney . The US Federal Reserve cut its interest rates later on Tuesday to help ward off from an economic downturn in the...

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Supreme Court quashes disproportionate RBI ban on cryptocurrencies

Supreme Court quashes disproportionate RBI ban on cryptocurrencies

It also said that it had not directly banned virtual currencies and restrictions were only imposed on entities regulated by RBI. The Internet and Mobile Association of India (IAMAI), whose members...

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Government calls on banks to cut rates

Government calls on banks to cut rates

Gold surged and the U.S. dollar sank. In a statement , the central bank said it was cutting rates by a half percentage point to a target range of 1 per cent to 1.25 per cent. But because markets a...

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Australia's Reserve Bank cuts cash rate to record low amid coronavirus

Australia's Reserve Bank cuts cash rate to record low amid coronavirus

The budget deficit was $5.4 billion (0.3 per cent of GDP) in the year to January. The Reserve Bank of Australia (RBA) announced on Tuesday it will drop the official interest rate to a record low o...

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World Bank unveils $12 billion aid package to combat coronavirus

World Bank unveils $12 billion aid package to combat coronavirus

The outbreak is plunging the world economy into its worst downturn since the global financial crisis more than a decade ago, the Organization for Economic Cooperation and Development warned on Monday,...

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