Economy

GM plans electric van for business users in bid to pre-empt Tesla

GM plans electric van for business users in bid to pre-empt Tesla

GM's van is aimed at the commercial-delivery market, a sector that's exploded due to online ordering during COVID-19, but that was already lucrative. GM's focus on making this EV architecture modula...

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Twitter, Facebook remove Trump campaign video

Twitter, Facebook remove Trump campaign video

Claiming improvements everywhere, Trump said , "Hopefully George is looking down right now and saying this is a great thing that's happening for our country. The May job gain suggests that businesses...

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Door still open to transition period extension — EU's Barnier

Door still open to transition period extension — EU's Barnier

According to a statement released by Frost after the round of talks, the United Kingdom is " close to reaching the limits of what we can achieve through the format of remote formal rounds ". However...

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Mall Owner Simon Property Sues Gap Over Millions in Unpaid Rent

Mall Owner Simon Property Sues Gap Over Millions in Unpaid Rent

The executive said it's "very hard" to offer any timeline, although it's looking for ways to "partners with our landlords to come out with a better profitability for the company". Shares of Gap stock ...

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Slack revenue growth fails to impress, shares tank

Slack revenue growth fails to impress, shares tank

With the Amazon partnership in place, it seems highly unlikely now that Slack will turn to Microsoft's Azure or Google Cloud for collaboration. AWS Key Management Service with Slack Enterpris...

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Wall Street surges after a strikingly upbeat May jobs report

Wall Street surges after a strikingly upbeat May jobs report

At one point this year, the broader market index was down 30.3%. Wall Street analysts surveyed by Refinitv were expecting the economy to lose 8 million jobs as the unemployment rate spiked to 19...

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'Get your knee off our necks': George Floyd mourned in Minneapolis

'Get your knee off our necks': George Floyd mourned in Minneapolis

Trump touted this as "a great, great day in terms of equality". "We can't let that happen". The mood has gone from explosive anger over racial injustice and excessive force by law enforcement to con...

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OPEC, Russia Meet to Extend Record Oil Cuts, Push for Compliance

OPEC, Russia Meet to Extend Record Oil Cuts, Push for Compliance

The base case scenario right now is that OPEC+ continues with current production cuts of 9.7 million barrels per day (bpd) for the month of July and then meets to discuss the market situation. Three O...

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Chancellor reveals a Self-employed Scheme

On Wednesday, leading musicians including trumpeter Alison Balsom and violinist Nicola Benedetti wrote an open letter to the Prime Minister highlighting "the devastating impact of COVID-19 on th...

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Biden shreds Trump for calling Friday a 'great day' for George Floyd

Biden shreds Trump for calling Friday a 'great day' for George Floyd

A president who takes no responsibility for costing millions and millions of Americans their jobs, deserves no credit when a fraction return, ' said Biden, who also blasted Trump for 'spiking the ball...

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Economy in Surprise Rebound, Adding 2.5 Million Jobs

Economy in Surprise Rebound, Adding 2.5 Million Jobs

Additionally, the number of permanent job losses increased by 295,000 to 2.3 million. Some economists had predicted a loss of 500,000 jobs in May and an unemployment rate of 15.0 %, according to f...

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Government announces coronavirus self-employed income support scheme

Government announces coronavirus self-employed income support scheme

The British government will pay grants to self-employed people who have lost their livelihoods because of the coronavirus lockdown, further extending an unprecedented package of measures to prevent ...

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Trudeau offers $14B to provinces for COVID-19 efforts

Trudeau offers $14B to provinces for COVID-19 efforts

It's been a long time coming, but Canada's seniors will see financial support to weather the impacts of COVID-19 in the first week of July. Some money will go to cities and municipalities that have ...

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Infosys among firms aided by Rishi Sunak's job retention scheme

Infosys among firms aided by Rishi Sunak's job retention scheme

NR Narayana Murthy, whose daughter Akshata married Sunak in 2009, has a stake in the company which would give him a £1.7 billion fortune, according to Forbes. CAMRA chief executive, Tom Stainer, said...

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US unemployment rate unexpectedly falls in May

US unemployment rate unexpectedly falls in May

The numbers ratify recent data high-frequency data, which had signaled a recovery is underway, with job postings increasing and more Canadians reporting an increase in work at the end of May. The offi...

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Canadian economy unexpectedly adds 289,600 jobs in May

Canadian economy unexpectedly adds 289,600 jobs in May

And on Twitter, President Donald Trump touted May's numbers. "We're bringing our jobs back", Trump said at a news conference at the White House. Some were predicting the unemployment rate woul...

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Statistics Canada to release May jobs numbers, expected to show more losses

Statistics Canada to release May jobs numbers, expected to show more losses

Statistics Canada said Friday the nation's unemployment rate in May rose to 13.7 per cent, the highest level in more than 40 years of comparable data. The increase in the unemployment rate came as mor...

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Canada unexpectedly adds 290000 jobs on gradual reopening

The U.S. unemployment rate unexpectedly dropped to 13.3 percent in May , potentially signaling early signs of a labor recovery from the coronavirus pandemic. "If a person lost their job but didn't ...

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Twitter disables Trump's George Floyd video tribute

Twitter disables Trump's George Floyd video tribute

Protests have been witnessed across the US' national capital following the death of 46-year-old African American George Floyd , who was pinned to the ground and suffocated by a Minneapolis police o...

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North American equity markets rally after jobs data surprises

North American equity markets rally after jobs data surprises

Most attention is focused on USA unemployment data coming later Friday, analysts said. "I don't think anybody anticipated this", said Michael Arone, chief investment strategist at State Street Globa...

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Fourth round of post-Brexit trade talk ends without breakthrough

Fourth round of post-Brexit trade talk ends without breakthrough

Last month the UK's chief negotiator David Frost wrote to Barnier arguing that it was "not a provision any democratic country could sign". Both sides complained that holding talks online - which has...

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Warner Music pledges $100 million to social justice organisations

Warner Music pledges $100 million to social justice organisations

Warner is now the only one of the three major music companies to trade publicly as a stand-alone company. The group's owner, billionaire Len Blavatnik's Access Industries, originally planned for an ea...

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Qantas, Jetstar increase domestic flights as restrictions ease

Qantas, Jetstar increase domestic flights as restrictions ease

Visit Business Insider Australia's homepage for more stories . Flights will resume on eight routes not in operation. As travel restrictions start to ease across the country, Qantas and Jetstar wil...

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South Dakota sees a decrease in unemployment claims

The 22,784 new claims filed last week remains 10 times higher than the number of new claims filed in the last week before the coronavirus-related layoffs and closures began. "I can see where that woul...

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Scott County Primary Election Results

In the Clarke County Supervisor race for District 1 Dean Robins won the Republican ticket with 465 votes, Ralph Stevens had 391 and John Carson had 129. For the Democratic nomination for U.S. Senator,...

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Britain, EU start fourth round of trade talks for post-Brexit era

Britain, EU start fourth round of trade talks for post-Brexit era

Pandemic does not help political deadlock. The negotiation teams were unable to meet physically, relying instead on video conferencing tools. Prime Minister Boris Johnson has promised not to exten...

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USA trade gap rises to $49.4 billion in April

USA trade gap rises to $49.4 billion in April

Exports of agriculture goods (7.2% share of total exports) decreased by 13.8% y-o-y to RM4.7 billion due to lower exports of sawn timber and moulding, while exports of mining goods (7% share) dropped ...

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Congress approves Paycheck Protection Program changes

Congress approves Paycheck Protection Program changes

Businesses would also have as long as five years, instead of two, to repay any money owed on a loan, and they could use a greater percentage of proceeds on rent and other approved non-payroll expenses...

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Brent oil surpasses $40 a barrel after collapse of OPEC

Brent oil surpasses $40 a barrel after collapse of OPEC

A series of lower highs highlight the recent positive sentiment in the space and recent price action has taken crude to the bottom of a gap on the daily chart made between March 6 and March 11 this ye...

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Specs, Engine, Features — Toyota Hilux

Specs, Engine, Features — Toyota Hilux

Invincible-exclusive exterior styling details include bespoke front grille and bumper, skid plate, over fender, door handle, wheel and tailgate designs. It can be had with the 2GD-FTV 2.4-litre diesel...

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Hyundai Santa Fe: Facelift, Specs, Features, Photos

Hyundai Santa Fe: Facelift, Specs, Features, Photos

While the new radiator grille's geometric patterned inlay lends a more sophisticated styling, its shape isn't the most appealing element at the front. For the first time, the Santa Fe features a Terra...

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Amazon's Jeff Bezos invests in United Kingdom digital freight forwarder Beacon

Amazon's Jeff Bezos invests in United Kingdom digital freight forwarder Beacon

The names will join existing investors including the former boss of Google, Eric Schmidt, as well as Travis Kalanick, Uber's ex-chief executive. Beacon is also a supply chain finance firm that prov...

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There cannot be 'blanket approach' to furlough scheme, says Scottish government

There cannot be 'blanket approach' to furlough scheme, says Scottish government

A quarter of businesses using the Job Retention Scheme say they will struggle to contribute to furloughed workers' salaries from August, in a new survey from the Institute of Directors revealed toda...

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Private Sector Employment Lost 2.76 Million Jobs in May

Private Sector Employment Lost 2.76 Million Jobs in May

The drop in May was smaller than all but one estimate in a Bloomberg survey of 39 economists. U.S. Treasury prices fell. 'The ADP report isn't always a reliable predictor of the government data, b...

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Treasurer Josh Frydenberg confirms Australia in recession as coronavirus wrecks economy

Treasurer Josh Frydenberg confirms Australia in recession as coronavirus wrecks economy

Panic buying by families as the coronavirus pandemic hit failed to save Australia from a technical recession. The government has effectively bankrolled swathes of the economy - subsidising wages a...

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