Economy

Martin Shkreli Back In The Headlines

Martin Shkreli Back In The Headlines

The former Turing Pharmaceuticals CEO, Martin Shkreli, is now being housed at the Federal Corrections Complex in Allenwood, PA on a seven-year sentence after being convicted of securities fraud tied t...

by · Economy
Officials confirm first case of coronavirus in B.C.

Officials confirm first case of coronavirus in B.C.

The death toll of the coronavirus has risen to 170 and with a confirmed case in Tibet, the virus has now spread to every region in mainland China . Before embarking on the final leg of their journe...

by · Economy

Tesla declares 2019 a turning point

Adjusted for onetime items, earnings came in at $2.14 per share, compared with $2 per share a year ago. The Elon Musk-led company reported adjusted earnings per share of $2.14, outpacing the $1.72...

by · Economy
US Fed leaves rates unchanged; warns coronavirus could hurt US

US Fed leaves rates unchanged; warns coronavirus could hurt US

Eastern time and Powell began his news conference. The Fed's assessment of household spending was marked down slightly from a "strong pace" in its December statement to a "moderate" pace. The chance...

by · Economy
Starbucks sees virus hit as it shuts 2,000 China stores

Starbucks sees virus hit as it shuts 2,000 China stores

The coronavirus outbreak may have no connection to Corona beer (confused, or perhaps just easily amused, Google users have caused a spike in searches for "Corona beer virus"), but the deadly illne...

by · Economy

Air Canada among airlines cancelling flights to China over coronavirus fears

Sources told Zee Media Air India plane will soon head to China soon to evacuate the Indians from Wuhan City and other parts of China. Air Canada said, in an emailed statement, that it was cancelling...

by · Economy
How major USA stock indexes fared Monday

How major USA stock indexes fared Monday

While new cases in the USA have also emerged. "This is now a sell first, ask questions later situation", said Alec Young, managing director of global markets research at FTSE Russell. Traditional sa...

by · Economy
UAE confirms first cases of new coronavirus

UAE confirms first cases of new coronavirus

The plane landed Tuesday night in Anchorage. Speaking to broadcaster NTV, Ambassador Emin Önen said Turkey had made the necessary applications to Chinese officials to evacuate the 32 citizens,...

by · Economy
Trump says U.S., China in close contact on coronavirus outbreak

Trump says U.S., China in close contact on coronavirus outbreak

Japan's Nikkei 225 index lost 0.6% to 23,215.71, while Australia's S&P ASX/200 slipped 1.4% to 6,994.50. "How long and how deep the correction lower will last, depends both on the success of China'...

by · Economy
Buffett gets out of newspaper biz, sells publications for $140 million

Buffett gets out of newspaper biz, sells publications for $140 million

Buffett admitted just past year that newspapers are "toast", according to Bloomberg . The $140 million deal includes 31 local daily newspapers in 10 states, as well as The Buffalo News in NY, whi...

by · Economy
Boeing records first annual loss since 1997 as 737 MAX costs mount

Boeing records first annual loss since 1997 as 737 MAX costs mount

David Calhoun, the newly inaugurated President and Chief Executive Officer of the Chicago-based manufacturer, recognizes that the company has "a lot of work to do" as Boeing aims to return the "737 MA...

by · Economy
Coronavirus: British Airways suspends all flights to mainland China as outbreak spreads

Coronavirus: British Airways suspends all flights to mainland China as outbreak spreads

People wear face masks as they listen to a presentation in an Apple Store in the Sanlitun shopping district in Beijing as China is hit by an outbreak of the new coronavirus , January 25, 2020. "Fli...

by · Economy

Airlines cut service, suspend flights to China flight over coronavirus fears

Hong Kong's Cathay Pacific Airways Ltd said it would be progressively reducing capacity to and from mainland China by 50% or more from January 30 to the end of March, in line with a government direc...

by · Economy
Surrey mayor pledges fines will continue as long as Uber does

Surrey mayor pledges fines will continue as long as Uber does

However, at least one Uber driver was flagged by Surrey bylaw officers who then issued the driver a warning notice for operating without a business licence . "What continues to be my chief concern is...

by · Economy
Boeing’s 777X takes off on first flight

Boeing’s 777X takes off on first flight

The wing-fold process is automated on landing, with the tips folding below 50 knots during the roll-out to reduce workload, before the pilots turn onto a taxiway made for the smaller 777s. That's beca...

by · Economy
GM's Detroit plant is going all-electric starting next year

GM's Detroit plant is going all-electric starting next year

He was to announce the plans Monday at the plant with Michigan Gov. Gretchen Whitmer. When fully operational, the plant will create more than 2,200 jobs, according to GM. There are 900 people employed...

by · Economy
Two Cincinnati Area Bar Louie Locations Abruptly Closed Over the Weekend

Two Cincinnati Area Bar Louie Locations Abruptly Closed Over the Weekend

A bare-bones Facebook announcement simply states the final day of business was January 25 and refers customers to the company's other locations. Other Ohio locations also closed on Saturday includin...

by · Economy
Govt puts entire stake of debt-laden Air India on the block

Govt puts entire stake of debt-laden Air India on the block

The government-owned airline's interests in entities such as Air India Engineering Services, Air India Air Transport Services, Airline Allied Services and Hotel Corporation of India would not be a...

by · Economy
Uber, Lyft start ride hailing services in Vancouver, report

Uber, Lyft start ride hailing services in Vancouver, report

The local transport regulator had informed the company that it had to operate under the same regulations as limo services, by charging a minimum of $75 per tip. Yellow Cab in Vancouver charges $3.25 a...

by · Economy
'Presumptive positive' coronavirus case detected in Toronto

'Presumptive positive' coronavirus case detected in Toronto

China warned Sunday that the ability to spread of a new coronavirus that has killed around 60 people is "getting stronger", saying it is "possible" that the number of cases of infections will conti...

by · Economy

Canada confirms 1st ‘presumptive case’ of coronavirus in Toronto

Health authorities are following up with anyone who has had close contact with the patient, but also noted that people with casual contact - such as visiting the same grocery store or movie theater - ...

by · Economy
Bank of Canada holds interest rate at 1.75pc

Bank of Canada holds interest rate at 1.75pc

The Bank of Canada estimated the economy slowed to an annual growth rate of 0.3 per cent in the fourth quarter - due in part to temporary factors such as the CN strike, but predicted a rebound to ab...

by · Economy
Tesco To Scrap Plastic-Wrapped Multipacks To Cut Down On Plastic Use

Tesco To Scrap Plastic-Wrapped Multipacks To Cut Down On Plastic Use

Kraft Heinz, which is partnering with Tesco on the move, is one such brand implicated. Tesco and the BBC were approached for comment. " While we know we have more to do, this initiative is good ...

by · Economy
United Kingdom economy returns to growth in January

United Kingdom economy returns to growth in January

IHS Markit , which compiled the survey, said demand was growing in the wake of the general election in December. French business activity expanded at a weaker pace in January than in December, a sur...

by · Economy
Former TTC CEO Andy Byford resigns as New York City subway chief

Former TTC CEO Andy Byford resigns as New York City subway chief

Byford ran the TTC here for five years before heading out to NY, and his tenure in Toronto wrought important change: new streetcars, an overhaul of the fleet itself and the rollout of Presto cards are...

by · Economy
Various milk products recalled due to sanitizer contamination

Various milk products recalled due to sanitizer contamination

It also involves the L'ecole, c'est nourissant brand's two per cent milk in 150 ml cartons, also with the February 8 best before date. The Canadian Food Inspection Agency says consumption may cause ...

by · Economy
Just Eat and Takeaway.com investor Cat Rock 'shocked' by CMA probe

Just Eat and Takeaway.com investor Cat Rock 'shocked' by CMA probe

In its own announcement, Takeaway.com said a possible investigation would not affect its ability to complete the merger, however, it had chose to delay the timetable for its takeover of Just Eat u...

by · Economy
US Pentagon temporarily stops clampdown on Huawei sales

US Pentagon temporarily stops clampdown on Huawei sales

However, the initial phase of the trade agreement didn't change Huawei's situation at all , and senior USA officials have even warned that a trade deal with the post-Brexit United Kingdom could fa...

by · Economy
After Black man wins discrimination lawsuit, bank refuses to cash his checks

After Black man wins discrimination lawsuit, bank refuses to cash his checks

But she had actually called police, and two officers ended up questioning Thomas while two others stood guard outside. Sauntore Thomas attempted to deposit checks from the settlement of a discrim...

by · Economy
Oil steadies, but concern over spreading China virus weighs

Oil steadies, but concern over spreading China virus weighs

The virus has prompted the suspension of public transport in 10 Chinese cities. The flu-like symptoms of the coronavirus, which was first identified late past year, has more than 33 million people...

by · Economy
Wuhan reports first doctor death from coronavirus

Wuhan reports first doctor death from coronavirus

According to World Health Organization figures, 1,755 people in Hong Kong contracted the SARS virus at the time and 299 died. Almost all of those who died were in the Wuhan region, but off...

by · Economy
Former Wells Fargo CEO Stumpf fined $17.5M for sales scandal

Former Wells Fargo CEO Stumpf fined $17.5M for sales scandal

A USA banking regulator settled with Stumpf and two other former executives, while announcing charges against five other former officials whose failure to perform their duties allegedly "contributed...

by · Economy

Which countries have confirmed cases of new coronavirus?

But the USA health-care system has a lot more experience combating the flu, said Dr. Kathy Lofy, the state's health-care officer and the chief science officer. The first confirmed case in Australia ...

by · Economy
China battles coronavirus outbreak: All the latest updates

China battles coronavirus outbreak: All the latest updates

The province borders Russian Federation and is more than 2,000 kilometres (1,200 miles) from Wuhan. The first travel-related case in the U.S.is a man in his 30s who is hospitalized in Everett, WA. A...

by · Economy
Jobless rate improves and takes pressure off RBA

Jobless rate improves and takes pressure off RBA

BIS Oxford Economics chief economist Sarah Hunter said the slight improvement in the data would reduce the pressure on the Reserve Bank board to cut the cash rate when it meets on February 4. CBA's ...

by · Economy