Economy

Greece slams Turkish announcement on research in eastern Med

Greece slams Turkish announcement on research in eastern Med

Greek government sources say that the noise in the area due to the large concentration of warships would not allow the Oruc Reis to carry out work. On Monday, Greek Minister of State George Gerape...

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McDonald's sues ex-boss Easterbrook over sexual relationships

Easterbrook also collected 26 weeks of pay, amounting to compensation of about US$670,000 ($933,000). McDonald's is looking to regain the tens of millions in severance and benefits that he received,...

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Kodak deal in jeopardy as SEC begins investigation into $765M loan

Kodak deal in jeopardy as SEC begins investigation into $765M loan

The International Development Finance Corp. announced in a Friday evening tweet that it would "not proceed any further unless these allegations are cleared". President Donald Trump on Tuesday said t...

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Hyundai reveals new Ioniq electric vehicle sub-brand

Hyundai reveals new Ioniq electric vehicle sub-brand

The first production model to adopt the moniker will be the 2021 Ioniq 5, a SUV based on the radical Hyundai 45 concept from last year's Frankfurt motor show. Under the new brand, Hyundai claims it ...

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Cuomo calls Trump's executive unemployment boost 'laughable'

Cuomo calls Trump's executive unemployment boost 'laughable'

He said the executive order is not a substitute for legislation. States, however, would have to finance one-quarter of the weekly $400 payments. He's executed those orders after the New York State...

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Police, protesters clash after Belarus presidential vote

Police, protesters clash after Belarus presidential vote

Lukashenko, in power for 26 years, said Monday that opposition protesters would face a tough crackdown, describing them as "sheep" manipulated by foreign masters. The results of the vote "indicate the...

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McDonald’s sues ex-CEO Steve Easterbrook to recover severance

McDonald’s sues ex-CEO Steve Easterbrook to recover severance

McDonald's said it had subsequently learned that Mr Easterbrook lied "and destroyed information regarding inappropriate personal behavior" and relationships with three other employees. Easterbrook als...

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Toronto under heat warning with mercury to hit low 30s Sunday, Monday

Toronto under heat warning with mercury to hit low 30s Sunday, Monday

The national weather agency is warning of extreme heat and a big downpour as a thunderstorm hits London. Overnight lows are expected to stay around 20 to 23 degrees. There is also a possibility that...

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Gates Foundation offers Serum Institute $150m funding for 2 vaccines

Gates Foundation offers Serum Institute $150m funding for 2 vaccines

Through its Strategic Investment Fund, the Bill & Melinda Gate Foundation will provide Gavi with a $150 million risk funding for SII support in development. SII now has two vaccine manufacturing dea...

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Powerball rolls over: $43 million up for grabs

Powerball rolls over: $43 million up for grabs

The winning numbers from last night's Lotto draw are: 21, 28, 32, 33, 43, 47 and the bonus number is 40. Meanwhile, seven lucky Lotto players from around the country will be celebrating in s...

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China's consumer inflation rises to 2.7% in July

China's consumer inflation rises to 2.7% in July

That exceeded expectations for an increase of 2.6 percent and was up from the 2.5 percent gain in June. Producer prices rose 0.4% overall on a monthly basis in July, the same increase as in June. De...

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Job growth slows in July

Job growth slows in July

Following a mixed bag of reopenings and rollbacks across the country, the figure underpins a decelerating improvement trend after the addition of 7.5 million positions during the previous two months. ...

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Turkey ETF Retreats on Rate Hikes Expectations Due to Plunging Lira

Turkey ETF Retreats on Rate Hikes Expectations Due to Plunging Lira

Turkey's central bank tightened some credit channels on Friday as the lira plumbed new lows and sources said the authorities had signaled that more such backdoor policy steps would be taken to curb a ...

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Power Outage Hits Upper Manhattan in New York City

Power Outage Hits Upper Manhattan in New York City

New Yorkers across Upper Manhattan reported widespread power outages early Friday morning. Additionally, the outage also impacted the Upper West Side. Video from PIX11 digital manufacturer Kristine ...

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Nationwide outbreak of Salmonella Newport linked to onions includes SJC case

Nationwide outbreak of Salmonella Newport linked to onions includes SJC case

Last week's Thomson International recall was for all 50 states and the District of Columbia and was linked to a salmonella outbreak that made 359 people sick, according to the CDC. The full list o...

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Saudi Aramco Q2 Profits Slump 73% On Low Oil Prices

Saudi Aramco Q2 Profits Slump 73% On Low Oil Prices

Oil consumption in Asia, Aramco's largest regional market, has nearly returned to pre-coronavirus levels and the company's performance and demand for energy will probably improve over the rest of the ...

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Toronto stock market dips as uncertainties trump strong jobs reports

Toronto stock market dips as uncertainties trump strong jobs reports

The index jumped to 68.2, outdistancing the 58.2 reading in June and topping the 54.2 standing in July 2019. The materials sector, which includes precious and base metals miners and fertilizer compa...

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MLS' 25th Season Continues in Local Markets in August

MLS' 25th Season Continues in Local Markets in August

To make up the three matches missed from the tournament, FC Dallas and Nashville SC will play an additional three matches, against each other, with the first two games on August 12 and 16 and a th...

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Buffett's Berkshire Hathaway earnings jumped 87% as it recovers from the pandemic

Buffett's Berkshire Hathaway earnings jumped 87% as it recovers from the pandemic

Berkshire's overall quarterly net income rose to $26.3 billion, or $16,314 per Class A share, from $14.07 billion, or $8,608 per share, a year earlier. The company reported a profit of around Rs 1.9...

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Microsoft’s TikTok deal a ‘poisoned chalice’: Bill Gates

Microsoft’s TikTok deal a ‘poisoned chalice’: Bill Gates

In an interview with the Wired , Bill Gates compared the deal to a poisoned chalice, stating that it will bring about "big issues" for Microsoft . The cut thing, that's doubly odd.[But] Microsoft ...

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Gates Foundation, India maker partner on 100M doses of vaccine

Gates Foundation, India maker partner on 100M doses of vaccine

In an earlier deal announced with AstraZeneca , which has the rights to the Oxford vaccine, the Serum Institute said that it would produce one billion doses of vaccine for low- and middle-income co...

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PM Modi launches financing facility under Agriculture Infrastructure Fund

PM Modi launches financing facility under Agriculture Infrastructure Fund

PM Modi also initiated the transfer of Rs 17,000 crore to an estimated 8.5 crore farmers under the PM Kisan Samman Nidhi scheme. Patil tweeted saying, "I express my honest gratitude to our Honour...

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Canon Hit by Maze Ransomware Attack, Image.Canon Service Down

Canon Hit by Maze Ransomware Attack, Image.Canon Service Down

This led BleepingComputer to believe there was more to the story and that they suffered a cyberattack. The hacker group behind the attack also told BleepingComputer that it stole 10TB of data as...

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COVID-19: House parties contributing to spike in B.C. cases

COVID-19: House parties contributing to spike in B.C. cases

Henry said earlier this week numerous recent cases are in patients who were exposed in the last two weeks, and that the increase is not unexpected. The total number of deaths in B.C. "Now is not the t...

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Turkish lira hits another historic low amid pandemic

Turkish lira hits another historic low amid pandemic

In a country where savings are disproportionately held in foreign currency, sharp moves in the US dollar usually fuel criticism of economic management. He isn't alone in his projection. Goldman Sachs ...

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India admits Chinese 'transgression' in border areas

India admits Chinese 'transgression' in border areas

Reportedly, the information filed under "Chinese Aggression on LAC ", read, "Chinese aggression has been increasing along the Line of Actual Control (LAC) and more particularly in Galwan Valley since...

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Sudbury's unemployment rate dips slightly to 9.2%

Sudbury's unemployment rate dips slightly to 9.2%

Black Canadians and Filipino Canadians saw an average increase of 6.3 percentage points in their jobless rate. Going forward, the country isn't likely to see another bump like June where large reope...

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Taylor Farms recalls products with onions after salmonella outbreak

Taylor Farms recalls products with onions after salmonella outbreak

The U.S. cases are located in Alaska (6), Alabama (1), Arizona (14), California (76), Colorado (14), CT (2), DE (1), Florida (3), Georgia (1), Idaho (26), IL (41), in (2), Iowa (20), Kansas (2), Kentu...

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Lyriq crossover debuts as first in portfolio of luxury EVs from Cadillac

Lyriq crossover debuts as first in portfolio of luxury EVs from Cadillac

Cadillac says that their new display has actually the highest pixel density in the automotive industry today, featuring over a billion colors -64 times more than any vehicle- to provide a truly stunn...

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Wall Street retreats on slowing jobs growth, US-China friction

Wall Street retreats on slowing jobs growth, US-China friction

The tech-heavy Nasdaq clinched a new record high in early trading, and closed above the 11,000-mark for the first time after initially climbing above it on Wednesday. The NASDAQ fell 97.09 points, to ...

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Former Angels employee charged in overdose death of pitcher Tyler Skaggs

Former Angels employee charged in overdose death of pitcher Tyler Skaggs

It was at the top of July last year when the Los Angeles Angels shared the sad news that 27-year-old starting pitcher Tyler Skaggs had been found dead . It was later determined Skaggs would not...

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Brazilian billionaire Lemann leads initiative to build Covid-19 vaccine factory

Brazilian billionaire Lemann leads initiative to build Covid-19 vaccine factory

Financial terms are still under wraps, but Japan is eager to keep the COVID-19 supply pacts coming. "This vaccine candidate has the potential to save lives and allow us to return to a way of life that...

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Arvind Kejriwal launches Electric Vehicle Policy, touts it as India's best

Arvind Kejriwal launches Electric Vehicle Policy, touts it as India's best

It aims to induct 35,000 EVs within 1 year and expects 5 lakh EVs to be registered in the next 5 years. In principle, the Delhi EV policy aims to register 5,00,000 electric vehicles in the city by 2...

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Audi introduces more features, slashes cost for 2021 e-tron

Audi introduces more features, slashes cost for 2021 e-tron

It reflects the lower-tier Premium trim level Audi previously said was on the way. The range is up thanks to some efficiency improvements and a new base model has brought the starting price down by ne...

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Uber sees US$1.8b loss as pandemic stalls revenue

Uber sees US$1.8b loss as pandemic stalls revenue

Uber last month expanded its delivery reach by announcing the acquisition of Postmates Inc for $2.65 billion to expand the business of supplying everyday goods. Uber's global ride-hailing operatio...

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