Economy

Local Black Owned Businesses to Support?

Local Black Owned Businesses to Support?

As we navigate our current climate of unrest and fight for our freedom in more ways than one, the power of the dollar speaks volumes. In addition, an actionable way to support your POC allies is to sh...

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Saudi, Russia reach deal on oil cuts, raising pressure on laggards

Saudi, Russia reach deal on oil cuts, raising pressure on laggards

A conference call between Moscow and nations in the Saudi-led Opec cartel which was originally planned for June 9 has been brought forward to this Thursday in a bid to secure agreement. "There is al...

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Britain will not walk away from Hong Kong, Johnson says

Britain will not walk away from Hong Kong, Johnson says

About 350,000 of the territory's people now hold such passports and another 2.5 million would be eligible to apply for them, Johnson said. "Therefore, the British side has no right to cite the Sin...

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Factory activity slide eases in May

Factory activity slide eases in May

The survey's Future Output Index rose narrowly into positive territory for the first time since February as 38pc of firms now expect output to grow again within 12 months. Meanwhile, Capital Economics...

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Eli Lilly starts human study of potential COVID-19 treatment

Eli Lilly starts human study of potential COVID-19 treatment

Mark J. Mulligan, director of the infectious-disease and vaccine-research units at NYU Langone Health, according to the newspaper. The experimental drug was developed from a blood sample of one of Ame...

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Moody's India rating a step above junk, worst to come: Rahul Gandhi

Moody's India rating a step above junk, worst to come: Rahul Gandhi

With regard to ratings of banks, Moody's has downgraded the long-term local and foreign currency deposit ratings of HDFC Bank and SBI to Baa3 from Baa2, and the long-term issuer rating of EXIM India t...

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Oil prices spiked by almost 90% in May

Oil prices spiked by almost 90% in May

A further report citing unnamed sources said Russian Federation did not mind moving the meeting to this week and suggested this might mean Moscow would also agree to extending the current production...

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Wall Street inches higher at open on recovery optimism

Wall Street inches higher at open on recovery optimism

Those gains were capped, however, by a 7.7% drop in Pfizer shares. US stock futures were higher in early trading on Tuesday as investors looked past civil unrest around the country and focused on ...

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Number of schools reopening to more pupils varies across England

Number of schools reopening to more pupils varies across England

But while no major problems were reported to the county's education bodies, anecdotal evidence and a sample of Suffolk school headteachers suggested that many more parents than expected had chose to k...

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Wall Street dips amid U.S. protests, China tensions

Wall Street dips amid U.S. protests, China tensions

Advancing issues outnumbered decliners by a 3.46-to-1 ratio on the NYSE and by a 2.24-to-1 ratio on the Nasdaq. Active movers were led by Allied Esports Entertainment Inc. More than 6 million cases ...

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Lexus IS teased ahead of June 9 reveal

Lexus IS teased ahead of June 9 reveal

Where we really want to see some new styling is in the grille, but it's unlikely we'll get what we want in that department. The 2021 Lexus IS is highly-anticipated since the discontinuation of the ...

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India's factory slump deepens in May, headcount slides: PMI

India's factory slump deepens in May, headcount slides: PMI

Prithviraj Srinivas, an economist at Axis Capital, said the weak recovery in manufacturing highlights the challenges faced by firms due to uncertain exit from the lockdown. The survey's measure of ord...

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Global community should boost WHO's financial support after United States exit: China

Global community should boost WHO's financial support after United States exit: China

Beijing has always been infuriated by criticism from Western capitals, especially Washington, over its handling of the pro-democracy protests that shook Hong Kong a year ago. Beijing warned Washingt...

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Ontario health sees slight uptick in positive COVID-19 cases

Ontario health sees slight uptick in positive COVID-19 cases

The province says 781 COVID-19 patients are hospitalized, with 118 being treated in intensive care units. Ontario public health officials announced a new broader testing regime for COVID-19 Friday, ...

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NASA astronauts board ISS on historic SpaceX mission

NASA astronauts board ISS on historic SpaceX mission

Finally, the Crew Dragon splashes down in the Atlantic Ocean, 450km off the coast of Florida, where recovery ships will take the astronauts to safety and retrieve the capsule. It was also the first ti...

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GSK to Produce 1B Doses of Adjuvant Vaccine Booster in '21

GSK to Produce 1B Doses of Adjuvant Vaccine Booster in '21

The annual production capacity of the product line of Beijing Institute of Biological Products will range from 100 million to 120 million doses. It should be noted that a total of five vaccines de...

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Aston Martin starts production of

Aston Martin starts production of "Goldfinger" DB5 continuation cars

But these aren't just any DB5s, they are a special run of 25 created in association with Eon Productions , producers of the James Bond films, and are an accurate recreation of the DB5 seen in the cla...

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Robodebts scrapped: Government announces it will repay $721M

Robodebts scrapped: Government announces it will repay $721M

Hundreds of thousands of Australians will secure robodebt refunds from the Morrison Government in July. These debts were raised wholly or partially using average ATO income data, a method that has p...

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Feds extend cruise ship ban through the summer

Feds extend cruise ship ban through the summer

The order came down via the Minister of Transport, the Honourable Marc Garneau. The government is also setting aside around $40 million so tourism agencies in southern and northern Ontario as well a...

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South Zone clear of new COVID-19 cases for fourth consecutive day

South Zone clear of new COVID-19 cases for fourth consecutive day

The number of cases in the County of Grande Prairie has remained unchanged once again, with 2 active cases, and four recovered cases. Albertans admitted to the hospital with the virus now sits at 53...

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Fed's small business lending program near launch: Powell

Fed's small business lending program near launch: Powell

But since early April, the central bank has expanded and modified the terms after receiving thousands of letters from lenders and potential borrowers. "Everything we do is focused on creating an envir...

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Brent crude price up with decline in United States gasoline stocks

Brent crude price up with decline in United States gasoline stocks

A big jump in US oil refinery runs, and a leap in USA gasoline demand had oil traders driving prices to post-coronavirus highs. USA gasoline inventories decreased by 0.7 million barrels, or 0.3%, to...

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`Trampoline is working`: Musk taunts Russian space agency chief

`Trampoline is working`: Musk taunts Russian space agency chief

The electric auto maker he said in a presentation that his board had certified the operational milestone needed to unlock first prize in Musk's stunning $ 50 billion pay package, which required him ...

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A Look At The Latest Updates In Hong Kong

A Look At The Latest Updates In Hong Kong

President Trump said Friday that he is ending policy exemptions that treat Hong Kong as a separate entity from mainland China but said he would not cancel the "Phase One" U.S-China trade deal. would...

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Cisco acquires ThousandEyes in an estimated $1 billion deal

Cisco acquires ThousandEyes in an estimated $1 billion deal

Bloomberg News reported earlier in the day that the deal was in the works and could be completed Thursday, with a price tag approaching $1 billion. ThousandEyes was founded in 2010 and was valued...

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Elon Musk and NASA make history with the launch of crew dragon

Elon Musk and NASA make history with the launch of crew dragon

The first tranche was made up of about 1.7 million shares of Tesla, and would be valued at approximately US$ 775 million based on May 28, 2020's closing market value. To win his full $ 50 billion priz...

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BMW 5 Series Gets A Plug-In Hybrid Option With 69 MPG Mileage

BMW 5 Series Gets A Plug-In Hybrid Option With 69 MPG Mileage

We already saw the redesigned 2021 BMW 5 Series a couple of weeks ago, but here it is for real now. For the 2020 model year, the 5 Series receives a mild facelift and an improved feature set ove...

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Amazon offering full-time jobs to majority of 175,000 coronavirus seasonal hires

Amazon offering full-time jobs to majority of 175,000 coronavirus seasonal hires

Amazon has been the subject of criticism for its handling of the COVID-19 crisis, including letters from senators and attorneys general aimed at getting a better picture of its worker health policies,...

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CMHC says housing prices won’t have fully recovered by end of 2022

CMHC says housing prices won’t have fully recovered by end of 2022

The federal housing agency says in a special housing market outlook that it expects home prices to decline between nine and 18 per cent, and as much as 25 per cent in oil-producing regions, before sta...

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Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram

Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram

The next release of quarterly GDP estimates for April to June quarter (Q1 FY21) will be on August 31, said the Ministry of Statistics and Programme Implementation. Goldman Sachs has predicted a 45% co...

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Furlough scheme end date confirmed as Rishi Sunak announces big changes

Furlough scheme end date confirmed as Rishi Sunak announces big changes

Prospect has welcomed the Chancellor's extension of the Coronavirus Job Retention Scheme (CJRS) and Self Employment Income Support Scheme (SEISS) but have argued for greater focus for sectors and wo...

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United Kingdom coronavirus business loan scheme approval rate half of Germany’s

United Kingdom coronavirus business loan scheme approval rate half of Germany’s

Sunak has said operators will be able to access funds within days of applying and that all loans will be interest free for the first year, with no repayments due during that period. And I have decided...

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Amazon Is Offering To Keep 125000 Workers It Hired For The Pandemic

Amazon Is Offering To Keep 125000 Workers It Hired For The Pandemic

Amazon.com Inc AMZN .O plans to offer permanent jobs to about 70% of the USA workforce it has hired temporarily to meet consumer demand during the coronavirus pandemic, the company told Reuters on Th...

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Chancellor Rishi Sunak delivers update on furlough scheme

Chancellor Rishi Sunak delivers update on furlough scheme

Millions of workers have been thrown a financial lifeline after the Government extended its support scheme for the self-employed by three months. A group of MPs - including representatives from To...

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Amazon in talks to buy self-driving tech company Zoox

Amazon in talks to buy self-driving tech company Zoox

However, after a 2018 funding round that valued Zoox at $3.2 billion, the startup's board voted to oust Chief Executive Officer Tim Kentley-Klay. In October 2016, he talked obliquely of his vision f...

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