Economy

Alphabet Gives New CEO Its Biggest Stock Award

Alphabet Gives New CEO Its Biggest Stock Award

Earlier this month , Pichai took over as Alphabet CEO after Google co-founders, Larry Page and Sergey Brin , stepped down from their respective leadership roles. According to the most recent proxy ...

by · Economy
Stressed MSMEs can be restructured without being declared as NPAs, says FM

Stressed MSMEs can be restructured without being declared as NPAs, says FM

Can India do it?. why is this negative mood? Inflation had been kept under control, macro-economic fundamentals and foreign direct investment (FDI) inflows were strong, and foreign exchange reserves a...

by · Economy
Packaged hard-boiled eggs linked to deadly Listeria outbreak, the CDC warns

Packaged hard-boiled eggs linked to deadly Listeria outbreak, the CDC warns

The eggs involved were packaged in plastic pails and sold under different brand names nationwide. Other Listeria symptoms include headache, stiff neck, confusion, loss of balance, and convulsions....

by · Economy
US GDP growth unrevised in 3rd quarter at 2.1pc

US GDP growth unrevised in 3rd quarter at 2.1pc

After three cuts in interest rates to the current range between 1.75 per cent and 1.5 per cent, the Fed made a decision to leave the price of money unchanged in December. The lowest unemployment rate ...

by · Economy
November jobless rate continues Maine's historic trend

November jobless rate continues Maine's historic trend

Santa Barbara County's unemployment rate was 3.1 percent in November, up slightly from 3.0 percent in October. Government increased 2,200 jobs, caused by a 2,000 increase in local education. St. Cloud...

by · Economy
Trump says had 'very good talk' with China's Xi

Trump says had 'very good talk' with China's Xi

Speaking to the Press, Trump said that the United States has achieved a breakthrough in the trade deal and will be signing it very shortly. The talk came a week after the world's two largest economi...

by · Economy
Advertising regulator bans vaping ads on Instagram

Advertising regulator bans vaping ads on Instagram

JSE-listed British American Tobacco was banned by the UK's advertising regulator from using public Instagram accounts to promote smoking alternatives like Vype e-cigarettes. Social media network...

by · Economy
BMW’s All-Electric iX3 SUV Will Graduate From Concept to Production Next Year

BMW’s All-Electric iX3 SUV Will Graduate From Concept to Production Next Year

The electric motor featured in the BMW iX3 delivers a maximum power output of 282 bhp and a peak torque of 400 Nm. BMW also mentions provisional range and fuel consumption figures: In the WLTP, t...

by · Economy
Wawa Stores Plagued by Malware Since March

Wawa Stores Plagued by Malware Since March

The company said it discovered the malware in Wawa payment processing servers on December 10 and had the issue contained two days later, but that the malware may have been running since March 4. If ...

by · Economy
Gold Marks 2 Wk Highs and Dips

Gold Marks 2 Wk Highs and Dips

United States gold futures were up 0.2 per cent at $1,481.30 per ounce, reported Reuters. Stocks markets across Asia were trading higher as they absorbed the positive trade updates. Gold eased on Th...

by · Economy
S&P 500 hits high following trade progress, upbeat data

S&P 500 hits high following trade progress, upbeat data

House passed the USMCA bill on Thursday, which will replace NAFTA. Xi stressed the phase one economic and trade deal between China and the United States benefits both sides and the whole world, and ...

by · Economy
Amazon's Ring camera owners compromised, over 3,500 email-passwords leaked

Amazon's Ring camera owners compromised, over 3,500 email-passwords leaked

However, the weird thing is, not every individual whose records were exposed received the security alert from Ring. And you would never understand, if you don't block it from happening by placing ...

by · Economy
Goldman in talks to admit guilt in 1MDB case

Goldman in talks to admit guilt in 1MDB case

While the WSJ reports that the talks are continuing and the outlines of a settlement could be reached early next near, the parameters could still change. ICYMI: The 1MDB scandal is a scandal surr...

by · Economy
Nike Earnings Disappoint Investors After Stock Hits Record

Nike Earnings Disappoint Investors After Stock Hits Record

Fiscal second-quarter profit rose to 70 U.S. cents a share, Nike said, beating the average of 58 United States cents estimated by analysts. For the quarter, Nike reported earnings of Dollars 0.70 ...

by · Economy
UK watchdog 'concerned' over dominant digital giants

UK watchdog 'concerned' over dominant digital giants

It found Google accounted for 90pc of all search advertising revenues in Britain past year worth about £6bn, while Facebook had half of all display adverts worth. The EU past year introduced strict ne...

by · Economy
Impeachment trial plans in disarray as Congress heads home

Impeachment trial plans in disarray as Congress heads home

NANCY PELOSI: I don't think there's anything more divisive we can do than to impeach a president of the United States. However, Senate majority leader Mitch McConnell declared an "impasse" about ...

by · Economy
Class action launched against LifeLabs over privacy breach affecting 15 million Canadians

Class action launched against LifeLabs over privacy breach affecting 15 million Canadians

It is being reported that LifeLabs, a Canadian lab company that is the largest provider of laboratory diagnostics and lab testing services in Canada, recently paid an undisclosed ransom to hackers who...

by · Economy
Just Eat picks takeaway offer, Prosus looks set to lose out

Just Eat picks takeaway offer, Prosus looks set to lose out

Takeaway and Prosus both increased their bids for the British company yesterday. Just Eat has also rejected Prosus's previous bids . It added that the decision to back Takeaway was unanim...

by · Economy
Nissan knocks £1,650 off Leaf pricing ahead of Christmas

Nissan knocks £1,650 off Leaf pricing ahead of Christmas

That low price buys a Leaf with a 40kWh battery - with a claimed range of 168 miles - in Acenta trim. Additionally, electric vehicle taxation is expected to drop in April 2020 to 0% benefit-in-kin...

by · Economy
Google settles USD 327 million tax bill in Australia

Google settles USD 327 million tax bill in Australia

The Coalition Government first established the Tax Avoidance Taskforce in the 2016 Budget and has boosted its funding in the 2019-20 Budget. The law has seen $7 billion in taxable sales being return...

by · Economy
BlackBerry reports Q3 loss; software, services revenue climbs

BlackBerry reports Q3 loss; software, services revenue climbs

Barclays lifted their price target on shares of Veeva Systems from $165.00 to $176.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 27th. The company's revenue for the...

by · Economy

Russian Federation and Ukraine agree to gas transit deal

Moscow and Kiev have signed a preliminary deal on the transit of Russian gas to Europe via Ukraine, after months of hard talks but ahead of the looming New Year deadline. The gas row is part of a wi...

by · Economy
Company that owns Vancouver's Car2Go shutting down North American operations

Company that owns Vancouver's Car2Go shutting down North American operations

Share Now says, in a letter to members, that its last day will be February 29. Service will end February 29. The setbacks are the latest to hit a auto industry in the throes of transformation, with...

by · Economy
Ford to Add 3000 Jobs in Detroit Area, Invest $1.45 Billion

Ford to Add 3000 Jobs in Detroit Area, Invest $1.45 Billion

Tuesday, Ford made good on that plan for its MI plants, confirming and detailing the role that they'll have in delivering electric and hybrid versions of the F-150 pickup, autonomous vehicles, and oth...

by · Economy
Uber to set up $4.4m fund to end harassment probe

Uber to set up $4.4m fund to end harassment probe

According to a press release announcing the settlement, Uber agreed to compensate "anyone who the EEOC determines experienced sexual harassment and/or related retaliation". A claims administrator ...

by · Economy
Kohl's now open 24 hours a day until Christmas Eve

Kohl's now open 24 hours a day until Christmas Eve

Christmas Eve, 8.30-5pm; Boxing Day, 10am-4pm. All No Frills will be closed on Christmas Day and New Year's Day, but will be open all other days. Christmas Eve, Dec. No Frills says they will be de...

by · Economy
Volkswagen Takes One-Two Punch In Australia With Fine, Regulatory Proceedings

Volkswagen Takes One-Two Punch In Australia With Fine, Regulatory Proceedings

ACCC said the German automaker admitted that it switched to two different software modes for testing and driving conditions, thereby not disclosing the original level of nitrogen oxide emissions . Fe...

by · Economy
IBM's new battery may be made of seawater materials

IBM's new battery may be made of seawater materials

The cobalt- and nickel-free battery avoids the formation of tentacle-like dendrites during charging, a drawback that often plagues experimental batteries and increases the chance of fire or failure. O...

by · Economy

Brexit-led factory shutdowns drive 16.5% slump in United Kingdom auto production

United Kingdom auto production slumped close to 17% last month as companies shuttered plants to cope with a Brexit deadline that never came. United Kingdom auto production has fallen for 17 of the p...

by · Economy
RBI to buy, sell govt bonds worth Rs 10000 cr

RBI to buy, sell govt bonds worth Rs 10000 cr

The Reserve Bank of India (RBI) on Monday will simultaneously purchase and sell government securities worth Rs 10,000 crore under a special Open Market Operation (OMO). "Operation Twist" is when t...

by · Economy
Sweden exits negative interest rates after five years

Sweden exits negative interest rates after five years

Wall Street futures suggested the S&P 500 would barely budge, after rising to a fifth consecutive record high on Wednesday. Overnight, the dollar had weakened in reaction to the House of Representat...

by · Economy
Britain's highest-paid boss gets £57m pay rise

Britain's highest-paid boss gets £57m pay rise

According to the UK Guardian , Ms Coates made the equivalent of $A2.48 million per working day in 2018 - a sum that is "9500 times the average UK salary". In fact, bet365 has been considered one o...

by · Economy

Minnesota shed 3000 jobs in November, unemployment rose to 3.3%

Indiana's total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.38 million, and the state's 64.4 percent labor force participation rate remains above the n...

by · Economy
Nancy Pelosi Issues Invitation To Trump For State Of The Union Address

Nancy Pelosi Issues Invitation To Trump For State Of The Union Address

I want an immediate trial!" he said. "There's an obligation under the Constitution to have a trial", Schumer told The Associated Press. "I just know this, that this matters to the future of the coun...

by · Economy
Injury Reported as 2 Carnival Cruise Ships Collide in Cozumel, Mexico

Injury Reported as 2 Carnival Cruise Ships Collide in Cozumel, Mexico

The Carnival Glory was coming into the dock when it was pulled into the Carnival Legend , already moored. The global cruise line often dubbed the "fun ships" says there was one minor injury aft...

by · Economy