Economy

Audi RS7 Sportback Launched in India at Rs 1.94 Crore

Audi RS7 Sportback Launched in India at Rs 1.94 Crore

Audi India has introduced the new RS7 Sportback as the five-seater with improved performance and enhanced efficiency courtesy of the mild hybrid system is priced from Rs. The belt alternator starte...

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Toyota Camry Hybrid arrives with better safety tech and a new trim

Toyota Camry Hybrid arrives with better safety tech and a new trim

The sportier Camry TRD doesn't get any exterior revisions for 2021, but it does have a new "Ice Edge " paint finish with a black contrast roof. Those who want to "display even more attitude" can ...

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Hyundai sells 100,000 units of Kona EV worldwide

Hyundai sells 100,000 units of Kona EV worldwide

Kona electric is a compact SUV with an estimated range of 402 kms. Of the global total for the electric Kona, some 745 sales have been made in Australia, well behind the Tesla Model 3, while 620 hav...

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British Airways retires Boeing 747 fleet as Covid-19 hits travel

British Airways retires Boeing 747 fleet as Covid-19 hits travel

British Airways said it would be operating more of its flights on more modern and fuel-efficient aircraft such as the new Airbus 350 and Boeing 787 , as part of efforts to hit net zero carbon emiss...

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More than 1M Americans seek unemployment benefits as companies cut more jobs

More than 1M Americans seek unemployment benefits as companies cut more jobs

MA has reopened more cautiously than many other states, frustrating some businesses. "Double-digit unemployment amid COVID-19 has triggered 20 weeks of extended benefits the state is permitted by fe...

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Coronavirus: Chinese economy bounces back into growth

Coronavirus: Chinese economy bounces back into growth

The bounce was still the weakest expansion on record, and followed a steep 6.8% slump in the first quarter, the first such contraction since at least 1992 when quarterly gross domestic product (GD...

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JetBlue, American Airlines collaborate to accelerate recovery amid COVID-19

JetBlue, American Airlines collaborate to accelerate recovery amid COVID-19

The airline's revenue in June was 80% lower than June of previous year. American, the world's largest airline, is notifying 25,000 employees today that they face the possibility of losing their jo...

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Coronavirus: Johnson relaxes work from home rules to kick-start United Kingdom economy

Coronavirus: Johnson relaxes work from home rules to kick-start United Kingdom economy

In response to a question from the public, the PM said it "may conceivably be possible" to depart from social distancing measures "by November at the earliest". Coronavirus warning: Could there be ...

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Apple ruling: European Union state aid tax cases become harder for Commission

Apple ruling: European Union state aid tax cases become harder for Commission

Both Apple and Ireland appealed a ruling stating that Apple owed the country almost $15 billion in tax payments and that arrangements between the two countries were unfair, and amounted to state aid. ...

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Hogan: State catches $501M unemployment fraud scheme

Hogan: State catches $501M unemployment fraud scheme

This item will be updated . "We will continue to work with our state and federal partners to prevent fraudsters from capitalizing upon the hardships caused by the coronavirus during these already ...

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Vaccine hopes lift U.S. stocks as travel shares gain

Vaccine hopes lift U.S. stocks as travel shares gain

Travel-related stocks rose between 7-20%. The Dow Jones Industrial Average shed 0.5 per cent to close at 26,734.71, while the broad-based S&P 500 lost 0.3 per cent at 3,215.57. The pandemic is keepi...

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Ottawa sending $19B to provinces for COVID-19 aid

Ottawa sending $19B to provinces for COVID-19 aid

The agreement includes sick leave, fully funded by the federal government. Manitoba's Brian Pallister said he's pleased with that provision. Trudeau said the money will be available for provincial...

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Apple wins EU court battle in €13bn tax case

Apple wins EU court battle in €13bn tax case

The court confirmed the competence of the Commission to investigate tax laws and tax rulings under State aid law and to rely on the OECD arms' length standard to support that investigation. It shouldn...

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UK's Huawei ban betrays 'free-trade principles,' says China

UK's Huawei ban betrays 'free-trade principles,' says China

The US has long urged its allies not to use the company's technology because of national security concerns - concerns which have always been rejected by Huawei . The UK said the sanctions meant it ca...

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China's economy grows 3.2% as virus lockdowns lifted

China's economy grows 3.2% as virus lockdowns lifted

Gross domestic product expanded 3.2 per cent in April-June, the National Bureau of Statistics said, smashing expectations and a massive improvement on the 6.8 per cent contraction in the first quar...

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Human rights, ties with Pakistan, China on upcoming EU-India Summits agenda

Human rights, ties with Pakistan, China on upcoming EU-India Summits agenda

We took a decision with India to continue a dialogue on human rights in order to exchange best practices and have the best understanding on how to tackle this issue for India and the European Union". ...

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Gold Prices Surge To Near Record Highs, Silver Follows The Uptrend

Gold Prices Surge To Near Record Highs, Silver Follows The Uptrend

ReutersSpot gold was up 0.1 per cent to $1,809.61 per ounce at 0940 GMT, having hit its highest since July 9 at $1,814.40. Gold and silver settled slightly weaker in the worldwide market the previ...

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Apple wins fight against €13 billion European Union tax order

Apple wins fight against €13 billion European Union tax order

The European Commission had claimed in 2016 that Apple had an illegal sweetheart tax deal with Irish authorities . Apple was forced to transfer the €13bn into an escrow account , where it has rem...

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Google Invests $4.5B In Indian Telecoms Giant Reliance Jio

Google Invests $4.5B In Indian Telecoms Giant Reliance Jio

This is the first investment by Google from the Google For India Digitization Fund of Rs 75,000 crore announced earlier this week. "As we end our current cycle of capital raising, we are delighted t...

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Promising, early coronavirus vaccine trial prompts calls for further research

Across the pond in the United Kingdom, the University of Oxford team that is working to develop a COVID-19 vaccine and has teamed up with AstraZeneca , a British pharmaceutical giant, researchers are...

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Coins: The latest pandemic shortage

Coins: The latest pandemic shortage

A spokesperson for Kroger, the grocery chain's parent company, Erin Rofles confirmed Friday the grocer will no longer return coin change to customers. Although the Federal Reserve anticipated the coin...

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China’s exports rise unexpectedly in June as economies reopen, imports up

China’s exports rise unexpectedly in June as economies reopen, imports up

In a note BMO Capital Markets estimates that China accounted for over 75% of global seaborne iron ore imports during the second quarter of this year. Exports also rose unexpectedly, up 0.5%, suggest...

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US dollar falls as investor sentiment recovers despite virus surge

US dollar falls as investor sentiment recovers despite virus surge

The broader Topix index closed 0.5% weaker by the end of trading in Tokyo, settline at 1,565.15. The yield on benchmark 10-year USA government debt was $0.6168%. and euro-zone government debt fell a...

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S&P 500 extends slide toward 3,130 dragged by tech shares

S&P 500 extends slide toward 3,130 dragged by tech shares

Futures on the S&P 500 added 0.9% as of 7:04 a.m.in Tokyo. "A lot of these companies have acquired historically high valuations and if you become more anxious about the market direction in general, ...

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NY to require tracking info from travelers

NY to require tracking info from travelers

Travelers who leave an airport in NY state without filling out a form could face a $2,000 fine and be required to attend a hearing and complete a mandatory quarantine. At that time, there were nine st...

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US Supreme Court allows federal executions to resume

US Supreme Court allows federal executions to resume

About six hours earlier, a divided U.S. Supreme Court ruled that the Justice Department may resume federal executions, vacating an appellate court's last-minute injunction that prevented Lee's d...

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Has Russia Developed The World's First COVID-19 Vaccine?

Despite numerous reports about completed clinical trials, it wasn't specified that only phase I of the clinical trials had been completed. It should be called a potential vaccine, which is still in ...

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Krispy Kreme Is Giving Away Free Doughnuts Today Only

Krispy Kreme Is Giving Away Free Doughnuts Today Only

Krispy Kreme is giving away a dozen Original Glazed donuts with the purchase of any dozen on Friday, July 17th at participating stores to celebrate the brand's 83rd birthday. Yes, we're griping abo...

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Russia Eyes First Coronavirus Vaccine Launch in Mid-August

Patna , will start the human trial of coronavirus vaccine-COVAXIN from today (July 13, 2020). The mRNA vaccine prototype has been developed by Thai researchers at Chulalongkorn University's Centre...

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Biden climate plan would spend $2 trillion in bid to boost economy

Biden climate plan would spend $2 trillion in bid to boost economy

We just broke another record yesterday. "We want to incentivize investments, we want a pro-growth package". Biden's energy and infrastructure program released Tuesday calls for a 100% carbon-free ...

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WPI inflation falls 1.81% in June, but food prices rise

WPI inflation falls 1.81% in June, but food prices rise

This was despite some increase in the inflation rate in food items, particularly potatoes, paddy, fruits and processed products. The government had suspended the release of headline inflation numbers ...

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Wells Fargo loses US$2.4B in 2Q, first loss since 2008

Wells Fargo loses US$2.4B in 2Q, first loss since 2008

Analysts surveyed by FactSet expected a loss of 16 cents per share. Wells Fargo executives had warned they would earmark more for soured loans than the first quarter's $4 billion as the pandemic conti...

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British pilot discharged from Vietnam hospital, heading home

British pilot discharged from Vietnam hospital, heading home

But after almost four months in hospitals in Ho Chi Minh City, including 10 weeks on a ventilator, the Vietnam Airlines pilot from Motherwell, Scotland was discharged Saturday and was due to fly back ...

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Pfizer, BioNTech's coronavirus vaccines get FDA's 'fast track' status

Pfizer, BioNTech's coronavirus vaccines get FDA's 'fast track' status

Earlier this month, the companies said BNT162b1 showed potential against the virus and was found to be well tolerated in early-stage human trials. Fast track is a process created to speed up the dev...

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Victoria records 177 cases overnight, a drop from 200 over consecutive days

Premier Andrews stated among the cases is a returned tourist in hotel quarantine, 25 are linked to recognized break outs and 151 stay under examination. "But it need not be there for a moment longer t...

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