Economy

Chinese billionaire held hostage, rescued by police

Chinese billionaire held hostage, rescued by police

According to the Securities Times , the kidnappers were armed with explosives. Local media reported that He Xiangjian, the billionaire founder of the world's biggest appliance manufacturer, He Xi...

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Japan trade talks to start 'in a few months'

Trump made clear the deterioration in the relationship last month when he said he had no interest in speaking right now to President Xi Jinping, whom he has hailed as a friend, and suggesting he coul...

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U.S. enacts law to safeguard rights of Uyghurs in China

U.S. enacts law to safeguard rights of Uyghurs in China

President Donald Trump has signed a bill that aims to punish China for its human rights abuses against the Uighur Muslim population on the same day his former national security adviser claimed Tr...

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Australian PM says unnamed state increasing cyberattacks

This announcement comes just days after Lion, a major producer of iconic Australian beer, milk and juice brands, was hit by a cyber attack , crippling the manufacturing company's distribution effor...

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Australia subject to 'state-based' cybersecurity attack, PM Morrison says

Australia subject to 'state-based' cybersecurity attack, PM Morrison says

The Prime Minister said that the intrusions on Australia's cyber network were "not new but frequency has been increasing". Australia never publicly identified that source of the attack and Chi...

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Bank of England raises bond-buying programme again to £745 billion

Bank of England raises bond-buying programme again to £745 billion

It now believes the plunge in UK GDP over the first six months of 2020 may be around 20%, rather than the 27% it forecast in May's report. QE involves pumping money into the financial system by buyi...

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Another 1.5 million Americans filed for unemployment last week, worse than expected

Another 1.5 million Americans filed for unemployment last week, worse than expected

Continuing claims - the total number of Americans claiming ongoing unemployment benefits in state programmes - decreased to 20.5 million in the week ended June 6, compared with a median projection o...

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United Kingdom employment falls by 600,000 since lockdown

United Kingdom employment falls by 600,000 since lockdown

Scotland's unemployment rate has gone up from 3.5% in February . Yesterday, Jaguar Land Rover announced job cuts - with as many as 1,100 believed to be at risk - after it posted a £422m pre-tax l...

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Thousands More Mainers Filed For Unemployment Last Week

Thousands More Mainers Filed For Unemployment Last Week

Unemployment was highest in Nevada, Puerto Rico, Hawaii, New York and MI, with the largest increases in claims filed in California, Massachusetts, Oklahoma, New York and Maryland. "It is essentially a...

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Brexit: UK-Australia deal could be secured in ‘months not years’

Brexit: UK-Australia deal could be secured in ‘months not years’

Australian High Commissioner for the UK George Brandis told talkRADIO's Julia Hartley-Brewer on Wednesday that it is expected a deal between the two Anglosphere nations to be completed in "a matter ...

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Airlines Say They Will Ramp Up Enforcement Of Face Covering Policies

Airlines Say They Will Ramp Up Enforcement Of Face Covering Policies

As part of measures to prevent imported infections, Chinese civil aviation regulators in May introduced the so-called Phase Five policy, limiting airlines to one global flight a week between China and...

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Microsoft introduces Money in Excel, an easier way to manage your finances

Microsoft introduces Money in Excel, an easier way to manage your finances

Money in Excel is restricted to the united states right now, so only USA bank and financial accounts will continue to work with the feature. According to Microsoft, a new Money in Excel tool is n...

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Tesla Model S Long Range Plus gets 402-mile EPA range rating

Tesla Model S Long Range Plus gets 402-mile EPA range rating

Tesla shares closed almost 3.9% lower at $935.28 on Friday. So how did Tesla's engineers manage to push the range to 402 miles? The new range represents a 20% boost versus a 2019 Model S 100D, which h...

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Ford to reveal new Bronco on OJ Simpson's birthday

Ford to reveal new Bronco on OJ Simpson's birthday

The all-new SUV was set to be revealed sometime this spring, but was delayed by issues caused by the coronavirus pandemic. Ford Motor Company is bringing back the SUV infamously used as a getawa...

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Beijing shuts city schools again over Covid-19 outbreak

Beijing shuts city schools again over Covid-19 outbreak

In Huaxiang, the only high-risk neighbourhood in Beijing, some residents demanded officials impose more stringent contact tracing protocols. All indoor sports and entertainment venues in Beijing wer...

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Crude oil prices rise on supply cuts, improving demand

Crude oil prices rise on supply cuts, improving demand

The world's oil demand could climb at its fastest rate in the history of the market next year, and may reach pre-crisis levels within years, unless new green policies are adopted, according to the Int...

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Retail sales spiked 17.7 percent in May, after two-month collapse

Retail sales spiked 17.7 percent in May, after two-month collapse

Retail sales are now down 6.1 percent compared with a year ago following the month to month 8.3 percent decline in March and April's 14.7 percent dive. "However, this is probably the easier part of t...

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China's new virus outbreak needs further testing after 'hypothesis' on cause

China's new virus outbreak needs further testing after 'hypothesis' on cause

Parts of the Chinese capital were fenced off on Monday night, with security checkpoints set up at residential compounds, and high-risk people, such as close contacts of diagnosed cases, have been prev...

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Petrol, diesel prices increase for eighth day in a row

Petrol, diesel prices increase for eighth day in a row

Fuel prices in the other metro cities have also increased on similar lines since the oil marketing companies (OMC) resumed the dynamic pricing system for daily revision of fuel prices after over 83 d...

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Bank of Japan keeps policy steady, eyes recovery from pandemic

Bank of Japan keeps policy steady, eyes recovery from pandemic

The Bank of Japan (BOJ) will meet today to begin its two-day, June interest rate review. The money will back a program under which banks offer interest-free loans to small and medium-sized firms. "O...

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Virus wave fears slam Wall Street

Virus wave fears slam Wall Street

Norwegian Cruise Line Holdings Ltd and Wynn Resorts fell 7% and 4.3%. The drops put Wall Street on pace to continue last week's losses amid concerns about new cases of the virus in the USA and overs...

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Is Boris Johnson set to scrap two-metre rule? | London Business News

Is Boris Johnson set to scrap two-metre rule? | London Business News

Layla Moran (right) said Liz Truss has "betrayed" the trans community. Rather than pushing this retrograde policy through a series of leaks, something that has been done for the previous year, Liz T...

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Small businesses worry workers could abuse CERB, recommend changes

Small businesses worry workers could abuse CERB, recommend changes

The prime minister announced on Monday that because so many are still struggling, the government is "working on a solution to extend the benefit for people who can't return to work yet". "There needs ...

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Two US states put Amazon's business practices under microscope

If the news report is accurate, Amazon's statements to the committee "appear to be misleading, and possibly criminally false" or constituting perjury, said a letter to Bezos signed by the House Judici...

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Coronavirus-Related Demand Worries Likely to Cap Gains

Coronavirus-Related Demand Worries Likely to Cap Gains

In addition, USA crude oil inventories surged to a record of 538.1 million barrels, as cheap imports from the Saudis flooded the American oil market. Recent efforts by OPEC and allies, which might n...

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Von der Leyen, Johnson hold talks to resolve Brexit deadlock

Von der Leyen, Johnson hold talks to resolve Brexit deadlock

European Union negotiators are also not budging on their insistence Britain must bind itself to European Union standards and meet other conditions to secure fewer restrictions on trade. The Freight Tr...

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Band-Aid adds line of bandage colors to represent different skin tones

Band-Aid adds line of bandage colors to represent different skin tones

The New Brunswick, N.J. -based company stands "in solidarity with our black colleagues, collaborators and community in the fight against racism, violence and injustice", the post said. At a time when ...

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Supreme Court Rules Workers Can't Be Fired for Being Gay

Supreme Court Rules Workers Can't Be Fired for Being Gay

Clayton County . " Sex refers to whether you were born woman or man, not your sexual orientation or gender identity", argued Solicitor General Noel Francisco, representing the government's positi...

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United Kingdom lawmakers label British Airways 'national disgrace' over jobs

United Kingdom lawmakers label British Airways 'national disgrace' over jobs

The airlines' chief executives have been outspoken in their criticism of the rules . "However, we do understand that these are unprecedented times", said Artwise. Meanwhile, unions have accused Cruz ...

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Iraq Asked BP to Cut Flow From Rumaila Oil Field by 10%

Iraq Asked BP to Cut Flow From Rumaila Oil Field by 10%

Iraq's newly appointed oil minister Ihsan Abdul Jabbar Ismail crossed wires, via an interview with Iraq's Sharqiya TV as reported by Reuters, as saying that the country will export an average of 2.8 m...

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Oil prices see weekly loss on virus resurgence fears

Oil prices see weekly loss on virus resurgence fears

Oil is heading for the first weekly loss since late April in NY on fears a second wave of U.S. infections could derail a fragile recovery, while swelling stockpiles raised fresh concerns about exces...

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Primark Owner To Open All Stores In England On June 15

Primark Owner To Open All Stores In England On June 15

ABF has already reopened 112 sites across mainland Europe. Bason said Primark had no plans for a fire sale of excess stock as it would store much of it for next year, and would not re-think its l...

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Petrol, diesel price hiked for 8th straight day. Check latest price

Petrol, diesel price hiked for 8th straight day. Check latest price

Petrol price in Delhi was revised to Rs 76.26, up from 75.78 per litre the previous day, while diesel rates were increased to Rs 74.62 a litre from Rs 74.03, according to a price notification of st...

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Finance minister says Britain to urgently review distancing rule

British Airways, EasyJet, and Ryanair - the UK's three biggest carriers - filed a lawsuit demanding it overturn the mandatory two-week quarantine for travelers arriving to Britain from overseas. He sa...

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Company agrees to make COVID-19 vaccine for Europe

Company agrees to make COVID-19 vaccine for Europe

The firm has made similar agreements with the United Kingdom and USA, following a trial of the vaccine with 10,000 adult volunteers. By vaccinating people with AZD1222 (ChAdOx1 nCoV-19), scienti...

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