Economy

Just Eat's US deal is positive move, UBS says

Just Eat's US deal is positive move, UBS says

With those concerns in mind, some Just Eat Takeaway investors gave the deal a thumbs down. DoorDash, the current leader in the U.S., and Uber have eaten up market share, leaving Grubhub with 23 ...

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Coronavirus: AstraZeneca in vaccine talks with Japan, Russia, Brazil and China

Coronavirus: AstraZeneca in vaccine talks with Japan, Russia, Brazil and China

Since lockdowns and social-distancing measures have helped to keep infection rates low in many countries, some of the world's leading vaccine efforts are seeking to conduct phase III trial in active o...

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PM Modi likely to hold meeting with state CMs next week

PM Modi likely to hold meeting with state CMs next week

Home Minister Amit Shah spoke with all the chief ministers over telephone in the last week of May, just before lockdown-4 was to end. PM Modi will hold the videoconference with chief ministers on Ju...

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Microsoft bars facial recognition profits to police — George Floyd

Microsoft bars facial recognition profits to police — George Floyd

Methods for auditing data sets that underpin AI models (including facial recognition software) for bias remain inconsistent and unregulated, increasing the possibility the technology could further d...

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Amazon's business practices examined by two U.S

Amazon's business practices examined by two U.S

That includes Amazon's practices for selling its own products in competition with third-party sellers, one of the people said. Shares of the $1.3 trillion company were down 0.6 percent Thursday mo...

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US Treasury's Mnuchin: 'We can't shut down the economy again'

US Treasury's Mnuchin: 'We can't shut down the economy again'

Parts of the United States have seen new COVID-19 cases spike - and total United States cases surpassed 2 million this week - as the economy reopens. economy if necessary. "Over the next month, we...

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'Persistent fragilities' ahead for households and businesses: Fed report

'Persistent fragilities' ahead for households and businesses: Fed report

That somber assessment of the outlook doused much of the optimism for a fast recovery that had been sown by the surprise growth in employment in May and factored heavily in Thursday's dramatic sell-of...

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Gov. Ron DeSantis unveils plan to 'fully open' Florida's K-12 schools

Gov. Ron DeSantis unveils plan to 'fully open' Florida's K-12 schools

Ron DeSantis signed the state's NIL bill on June 12, allowing student athletes to profit off their name, image and likeness. DeSantis says he believes this bill will be an incentive for more player...

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Canadian cryptocurrency firm collapsed due to Ponzi scheme by late-founder: Regulator

Canadian cryptocurrency firm collapsed due to Ponzi scheme by late-founder: Regulator

QuadrigaCX was a prominent cryptocurrency exchange in Canada but it went bust early a year ago, leaving 76,000 users out of over $200 million in funds. Court-appointed monitor Ernst & Young noted t...

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Band-Aid to start selling bandages in a variety of skin tones

Band-Aid to start selling bandages in a variety of skin tones

The first Band-Aids first hit the market in 1921, but in the 99 years since, they've only been available in caucasian-skin color, in addition to several pop culture-themed designs geared towards child...

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Petrol prices breach ₹75-mark in Delhi in seventh consecutive hike

Petrol prices breach ₹75-mark in Delhi in seventh consecutive hike

Petrol has now become 59-61 paise costlier, while diesel prices have gone up by 50-60 paise in major cities across the country. Kolkata too felt the brunt of rising fuel prices as the price of a lit...

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Lebanon protests: Hundreds take to streets for second night

Lebanon protests: Hundreds take to streets for second night

Protests on Thursday night saw roads blocked across the country and security forces working together to use tear gas against protesters. Protesters threw objects at army forces, burned tires and p...

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North American stock markets open trading higher, loonie edges lower

North American stock markets open trading higher, loonie edges lower

The S&P/TSX Composite Index came off their highs of the morning, but had still gained 118.16 points to pause for lunch at 15,169.08. In US markets, the Dow was up 477.37 points to 25,605.54, the NAS...

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Hertz wins court approval to offer potentially worthless stock

Hertz wins court approval to offer potentially worthless stock

The company told the court it would warn buyers that "the common stock could ultimately be worthless". The company requested court approval to sell more than 246 million shares as an alternative to ...

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Moderna advances Late-Stage development of mRNA-1273 Vaccine against COVID-19

Moderna advances Late-Stage development of mRNA-1273 Vaccine against COVID-19

Under the OWS program, funding, assistance in the clinical trials, and support for manufacturing will be provided by the government to the selected vaccine programs. Moderna has finalized the Phase ...

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Walmart to stop displaying 'multicultural' beauty products in locked cases

Walmart to stop displaying 'multicultural' beauty products in locked cases

At some Walmart stores, hair and beauty products designed for black people were kept in glass cases accessible only with an employee key, in some cases across the aisle from shelves of other beauty ...

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McDonald's To Reopen For Walk-In Takeaways Starting Next Week

McDonald's To Reopen For Walk-In Takeaways Starting Next Week

In news that will delight Maccies fans up and down the country, the chain has finally unveiled its plans to reopen for walk-in services. 11 Roadchef Service Stations will reopen for takeaway fir...

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Rules loosened for partial PPP loan forgiveness

Rules loosened for partial PPP loan forgiveness

The SBA also issued a revised PPP Borrower Application Form and a revised PPP Lender Application Form conforming certain certifications to the program revisions and making other changes. Today t...

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Hertz Global : Judge to Rule on Hertz's Controversial Stock Sale in Bankruptcy

Hertz Global : Judge to Rule on Hertz's Controversial Stock Sale in Bankruptcy

Bankruptcy court Judge Mary Walrath set a hearing for today to determine whether bankrupt rental-car company Hertz can issue almost 250 million new shares of common stock it hopes will fetch aroun...

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Futures climb after Wall Street's worst day in three months

Futures climb after Wall Street's worst day in three months

The S&P 500 was on track for its worst week in almost three months after falling 5.9% on Thursday, its biggest daily percentage drop since mid-March. Stocks fell sharply on Wall Street Thursday as ...

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Michael Gove confirms United Kingdom won't extend Brexit transition period

Michael Gove confirms United Kingdom won't extend Brexit transition period

Scotland's entire fishing industry has a bright future as we leave the unfair Common Fisheries Policy. In a letter to the Prime Minister, Nicola Sturgeon and Mark Drakeford said exiting the transiti...

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Unemployment claims are being paid, labor office says

But despite last week's report, weekly unemployment claims remain historically high. Hoosiers are still filing for unemployment at unprecedented numbers, even three months into the coronavirus pan...

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Spirit Aerosystems: 737 MAX hourly employees to begin 21-day furlough Monday

Spirit said it expects to cut production of shipsets for the 737 MAX by at least 16%, and plans to implement layoffs as a result. In a letter dated June 4, Boeing told Spirit to halt any additional wo...

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Australian PM Morrison: Country won't trade values in response to China’s coercion

Australian PM Morrison: Country won't trade values in response to China’s coercion

China is Australia's largest trading partner, accounting for 36 per cent of Australian exports. In the latest development, China has cautioned its global students to reconsider studying in A...

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Fed officials see no interest rate increases through 2022

He also affirmed the Fed's continued commitment to using the various crisis management tools at its disposal to contain the economic damage from the outbreak. In keeping with their "do whatever it tak...

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Jobless claims: Another 1.54 million Americans file for unemployment benefits

Some 1.5 million Americans applied for unemployment benefits last week even as the United States emerged from its coronavirus lockdown, the feds said Thursday. Georgia had 136,000, down from 149,000...

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Electric truck start-up Nikola takes on auto giants

Electric truck start-up Nikola takes on auto giants

Nikola has two additional models of prime mover trucks in the works which are expected to compete directly with the Tesla Semi . Founded in 2015, Nikola reportedly doesn't expect to turn a profi...

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Zara owner Inditex books first-ever quarterly loss as sales tumble

Zara owner Inditex books first-ever quarterly loss as sales tumble

Inditex intends to pivot toward e-commerce as well as expand its bigger and better-performing units: As part of its post-coronavirus strategy, it will invest about 1 billion euros, or $1.13 billion, i...

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Tesla becomes the most valuable vehicle company in the world

Tesla becomes the most valuable vehicle company in the world

Hydrogen-electric truck competitor Nikola also saw a significant gain in their stock price after the company went public, with shares soaring by 93 per cent and making the newcomer more valuable than ...

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Massachusetts, US see increase in new unemployment claims

Massachusetts, US see increase in new unemployment claims

The Maine Department of Labor said Thursday that 6,700 new unemployment claims were filed for the week ending June 6. Prior to the pandemic, the unemployment rate in the US was 3.5%. Florida reporte...

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United States economy will shrink 6.5% this year, Fed forecasts

United States economy will shrink 6.5% this year, Fed forecasts

Through most of previous year USA central bankers felt they were in an enviable spot, with record low unemployment , tame inflation, and a strong expectation that both would continue. South Korea's I...

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Key takeaway from Fed: No member plotted negative rates

Key takeaway from Fed: No member plotted negative rates

He also affirmed the Fed's continued commitment to using the various crisis management tools at its disposal to contain the economic damage from the outbreak. Central bankers also released their first...

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Starbucks to close up to 400 US stores

Starbucks to close up to 400 US stores

Now the plan is to fast-track these stores, which are located near full-service Starbucks cafés or can be added to those stores, the company said. "Starbucks will blend the traditional sit and sta...

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OECD warns world in grip of worst peace-time recession in a century

OECD warns world in grip of worst peace-time recession in a century

The Covid-19 pandemic has triggered the "most severe recession in almost a century", the Organisation for Economic Co-operation and Development warned on Wednesday as it released two scenarios for h...

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Tesla shares cross record $1,000 mark for the first time

Tesla shares cross record $1,000 mark for the first time

Musk said in an internal memo that it was time to bring the Tesla Semi to "volume production". As Futurism points out, much like the Crew Dragon's module, the driver's seat inside the Tesla Se...

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