Economy

China’s July exports rise despite coronavirus, USA tariff war

China’s July exports rise despite coronavirus, USA tariff war

Global exports accelerated from June's 3% gain and exceeded forecasts of little to no growth. She pointed to gains in shipments of electronics, autos and clothing. "However, the road ahead may be bump...

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About 3000 Virgin staff to lose jobs as airline unveils future plans

About 3000 Virgin staff to lose jobs as airline unveils future plans

The Association for Virgin Australia Group Pilots (VIPA) said after the announcement that it was "devastated" because it anticipates that in excess of 30 percent of the Virgin pilot group will lose ...

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WTI pulls away from five-month highs, settles above $42

WTI pulls away from five-month highs, settles above $42

Brent crude was down 16 cents, or 0.4%, at $44.27 a barrel by 0117 GMT. Crude oil prices rose for the fourth straight day on Wednesday and the barrel of West Texas Intermediate (WTI) reached its hig...

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Lebanese President says there are two possibilities behind Tuesday's blast

Lebanese President says there are two possibilities behind Tuesday's blast

Up to 300,000 people have been displaced from their homes and the need for food or shelter "also risks accelerating the spread of Covid-19 and the outbreak of other diseases", said Iman Shankiti, the ...

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Sask. employment rate increased in July: StatsCan

Despite a small recovery in the past month, the region's hotels & restaurants in July employed not quite 27,000 compared to 44,200 a year earlier - a roughly 40 per cent drop representing 17,300 peopl...

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US Adds 1.8 Mln Jobs in July, Slowing From June's Gains

The number of jobless edged up to 1.03 million in July by some 3,700 as compared to June, the ministry's estimates showed. That increase in employment combined with 2,000 people leaving the job ma...

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JobKeeper access eased with $15.6 billion earmarked for the program

JobKeeper access eased with $15.6 billion earmarked for the program

Treasurer Josh Frydenberg ruled out increasing the JobKeeper payment though the program is being expanded following developments in Victoria. There are more than 153,000 Queensland businesses on Job...

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Facebook Offers Work From Home Till July 2021

In the era of Covid-19, most of the companies have given their employees work from home or work from home facility option. "Primarily based on steering from well being and authorities consultants,...

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USA job growth slows as employers hire 1.8 million workers in July

USA job growth slows as employers hire 1.8 million workers in July

If those predictions hold true, America would still be down some 13 million jobs since February, and the unemployment rate would still be higher than at the peak of the 2007-09 financial crisis. Dem...

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Nasdaq closes above 11k for first time as tech-related stocks rally

Nasdaq closes above 11k for first time as tech-related stocks rally

The Nasdaq Composite dropped 8.42 points, or 0.08 per cent, to 10,989.98 at the opening bell. Within the stock market, most of the companies in the S&P 500 were rising, led by energy companies and s...

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Bank of England holds off more stimulus, sees slow recovery

Bank of England holds off more stimulus, sees slow recovery

Participants are keeping a close eye on the RBI policy outcome and that would set the tone for the rest of the day as well, said Ajit Mishra, VP - Research, Religare Broking. Shanti Ekambaram, group p...

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Unemployment claims fall in Florida for the third straight week

Unemployment claims fall in Florida for the third straight week

Department of Labor. Nationally, another 1,186,000 workers submitted new claims. The state labor department has paid out $13.2 billion in benefits since March, including $3.2 billion from the stat...

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Gold price hits $2,000 an ounce for the first time ever

Gold price hits $2,000 an ounce for the first time ever

Shifts in the USA bond market have also underpinned gold's meteoric ascent, with an added lift from a weaker dollar. Gold's allure as a store of wealth is strengthening as investors face the prospec...

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Wall Street gains on Disneys surprise profit, Covid-19 fiscal aid hopes

Wall Street gains on Disneys surprise profit, Covid-19 fiscal aid hopes

The S&P 500 posted 25 new 52-week highs and no new lows; the Nasdaq Composite recorded 139 new highs and 4 new lows. As quarterly results have come in better-than-feared and heavyweight technology a...

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Trump reimposes 10% tariff on Canadian aluminium, United States News & Top Stories

Trump reimposes 10% tariff on Canadian aluminium, United States News & Top Stories

He says "Canada was taking advantage of us, as usual". In a speech at a Whirlpool factory in the battleground state of Ohio, Trump touted his record of defending American workers by fighting China, ...

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Nasdaq ends at another record as United States stocks extend rally

Nasdaq ends at another record as United States stocks extend rally

Those gains came after Microsoft and Apple powered the S&P 500 tech sector to an all-time high, Microsoft rising 5.6% and Apple up 2.5%. Shortly after the opening bell, the Dow Jones Industrial Aver...

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Blizzard Employees Paid Minimum Wage, Executives Paid Millions

Blizzard Employees Paid Minimum Wage, Executives Paid Millions

This led to Blizzard promising a study to ensure fair pay, the results of which were implemented last month. The document was floated in response to what employees saw as the sluggish response to an...

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Spain's services sector grows in July in modest rebound from lockdown: PMI

Spain's services sector grows in July in modest rebound from lockdown: PMI

Ahead of the data, China's onshore spot yuan had strengthens to a high of 6.9602 per dollar in early trade, strongest since March 11. Services, which make up about 60% of China's economy, was slow t...

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One person dies after ingesting hand sanitizer with methanol

One person dies after ingesting hand sanitizer with methanol

The FDA says up to nine different hand sanitizer products could contain methanol as an ingredient. The list includes those subpotent products, as well as those that may be contaminated with methan...

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Morning scene shows Beirut port in ruins after massive explosion

Morning scene shows Beirut port in ruins after massive explosion

Her Majesty sent a message of condolence to the President of the Republic of Lebanon, following the horrific blast, which has killed at least 100 people and injured more than 4,000 others. "There is n...

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Novavax COVID-19 Vaccine Study Shows Promising Results

Novavax COVID-19 Vaccine Study Shows Promising Results

It also said that during the trials the volunteers had been administered two small doses of the vaccine. In another positive development in the fight against the coronavirus pandemic, USA pharma maj...

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Several killed, over 4000 injured in Beirut explosion

Several killed, over 4000 injured in Beirut explosion

A massive explosion shook Beirut on Tuesday, flattening much of the city's port, damaging buildings across the capital and sending a giant mushroom cloud into the sky. More than 70 people were killed ...

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Trade deficit expands to $3.19 billion in June

The Commerce Department said it could not quantify or separate the impact of the pandemic on the trade data. All Passengers Arriving in The State Are Required to go For 14 Days of Home Quarantine For ...

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Disney's 'Mulan' to skip most movie theaters for September streaming

Disney's 'Mulan' to skip most movie theaters for September streaming

The company's TV business, led by ESPN and ABC, fared better than expected, in part because Disney deferred payments for sports programming during the COVID-19 shutdown, the company said. Mulan wil...

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India crosses 19 lakh mark with 52,509 new coronavirus cases

India crosses 19 lakh mark with 52,509 new coronavirus cases

Several political leaders have either tested positive for the coronavirus or gone into quarantine over the last few days. ► Australia's Queensland state on Wednesday said it would close its border...

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Trump criticizes Birx for the first time after she issues coronavirus warnings

Trump criticizes Birx for the first time after she issues coronavirus warnings

In an interview with CNN, Birx said that the disease was "extraordinarily widespread" across the U.S. and now poses a greater threat than at the time of the first outbreak of the virus. Meanwhile, U...

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Clorox wipes shortage to last into 2021

Clorox wipes shortage to last into 2021

The company is now understocked across much of its portfolio, which includes Glad trash bags and Burt's Bees lip balm. In most years, the California-based Clorox keeps excess supply for the upcoming f...

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Oil prices down as OPEC raises crude output

Oil prices down as OPEC raises crude output

Reduced economic activity related to COVID-19 mitigation efforts has caused changes in energy supply and demand patterns. US energy firms kept the number of oil and natural gas rigs unchanged at a...

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Fed's Evans says ball is in Congress' court on US economy

Fed's Evans says ball is in Congress' court on US economy

In an interview with CBS '"Face the Nation," Neel Kashkari said the only way to have "a really robust economic recovery" is to quell the coronavirus outbreaks that continue to appear across the ...

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Virgin Galactic's supersonic jet capable of speeds over Mach 3

Virgin Galactic's supersonic jet capable of speeds over Mach 3

The memorandum of understanding between Rolls and Virgin Galactic is not the only supersonic civilian aircraft project the British engineer is working on. "The things that we're working on are very mu...

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Electric vehicle startup Lordstown Motors going public via SPAC deal

Lordstown has been working on a new full-size electric pickup truck called Endurance and past year hired Rich Schmidt, a former director of manufacturing at Tesla , as chief production officer. Gener...

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Facebook users increased due to coronavirus

Facebook users increased due to coronavirus

Advertising revenues in particular defied all odds, clocking a 10% growth during a quarter that was completely absolved in the pandemic. The social media platform reported 1.79 billion daily avera...

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SpaceX Crew Dragon Returning Home, Undocking from ISS Begins

SpaceX Crew Dragon Returning Home, Undocking from ISS Begins

Before the recovery ship hoisted the capsule out of the water and prepared to open the capsule's hatch, a flotilla of small private boats piloted by onlookers also converged around the bobbing capsule...

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Thousands of Scottish restaurants and bars sign up for discount scheme

Thousands of Scottish restaurants and bars sign up for discount scheme

Frederica D'Incecco, of Tapas Brindisa Battersea, in London, said that the restaurant has received lots of enquiries about the scheme and expects a large number of bookings and walk-ins. So if two peo...

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Australia's Victoria declares state of disaster over coronavirus

Australia's Victoria declares state of disaster over coronavirus

The curfew will apply from 8pm to 5am each night. The new rules will remain in place until at least September 13, and Andrews promised more changes would be coming as well, the BBC reported . The f...

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