Economy

House Speaker Nancy Pelosi Willing To Accept Smaller Coronavirus Stimulus Package

House Speaker Nancy Pelosi Willing To Accept Smaller Coronavirus Stimulus Package

During negotiations earlier this month, Pelosi and Senate Democratic leader Chuck Schumer said they had offered to cut their proposal by $1 trillion if the White House and GOP would raise their's by...

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Canada inflation slowed in July

Canada inflation slowed in July

Core inflation - which excludes volatile items like food - jumped to a one-year high of 1.8 percent. "The sharp rise in CPI inflation from 0.6 percent to 1.0 percent came as a bit of a surprise,...

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Million of self employed to benefit from second stage of support scheme

Million of self employed to benefit from second stage of support scheme

But in order to claim the second payout, self-employed workers have to prove they have been adversely affected by coronavirus on or after July 14 to be able to claim it. Derek Cribb , chief executiv...

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India in talks with developer of Russian COVID-19 vaccine

India looks for the Oxford-AstraZeneca vaccine candidate which is likely to be the first shot available for Indians by the end of 2020. The head of Germany's vaccines regulator said some groups of p...

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Apple plans to assemble iPhone 12 in India

Apple plans to assemble iPhone 12 in India

The stock was last up 1.2% at $467.62, giving Apple a market capitalization of $1.999 trillion. The four other biggest USA tech companies - Amazon, Microsoft , Facebook and Google's parent Alphab...

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US, China to plan resumption of delayed trade deal talks

US, China to plan resumption of delayed trade deal talks

At a news conference on Saturday, when asked if he was considering a ban on other Chinese-owned companies including Alibaba to follow that on social video app TikTok, U.S. Talks between the U.S. and C...

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Turkey, US meet to discuss reducing tension in Eastern Mediterranean

Turkey, US meet to discuss reducing tension in Eastern Mediterranean

European Union soft sanctions against Turkey for drilling for oil and gas off Cyprus aren't working, only emboldening President Recep Tayyip Erdogan to keep it up, the island's legitimate government h...

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China blasts United States 'digital gunboat diplomacy' over TikTok

China blasts United States 'digital gunboat diplomacy' over TikTok

Analysts consider microblogging site Twitter a long-shot bidder, given that it is much smaller in size than Microsoft and Oracle, and would have a harder time paying for the deal. Trump on Friday ...

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Clark County Public Health reports 2 COVID deaths, 80 new cases

Clark County Public Health reports 2 COVID deaths, 80 new cases

There are two new outbreaks in the health-care system, for a total of 10 outbreaks in health care. At the Lewisburg Federal Penitentiary, there are four new COVID-19 cases confirmed among inmates, n...

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Walmart sales soared as shoppers spent their stimulus checks

Walmart sales soared as shoppers spent their stimulus checks

Consumers had already begun to establish supply channels during the first three months of the year, sending Walmart's online sales up 74 per cent. And roughly 50% of its online business was fulfil...

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S&P 500 Rises to Record High, Passes Prepandemic Top for First Time

S&P 500 Rises to Record High, Passes Prepandemic Top for First Time

Doubts about the underlying health of the economy, however, persisted in Tuesday's session, with lukewarm reactions to bumper results from Home Depot HD.N and Walmart WMT.N limiting gains. Data on Tue...

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Housing market sees busiest month in a decade - Rightmove

Housing market sees busiest month in a decade - Rightmove

There is normally a seasonal slowdown in housing market activity over the summer months, as both buyers and sellers turn their attention to summer holidays. But, not this year. Patience will be requir...

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Workers boo Lukashenko as election unrest spreads

Workers boo Lukashenko as election unrest spreads

Numerous factory workers shouted "Leave" and heckled him at the event, videos posted on social media showed. Her video was released a day after Belarusians chanting "Step down" filled the centre of...

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Tata JLR Stake Sale Reports Are

Tata JLR Stake Sale Reports Are "Unsubstantiated" Says Automaker

Tata Motors and Tata Steel in India have so far not shed much light on the nature of the bailout they are seeking from the United Kingdom government. Close to 4,000 people are employed at the Port Ta...

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OPEC+ compliance with oil output cuts in July around 97%

OPEC+ compliance with oil output cuts in July around 97%

Brent crude LCOc1 was down 13 cents, or 0.3 percent, to $44.67 a barrel by 1048 GMT, and West Texas Intermediate U.S. crude was down 4 cents, or 0.1 percent, to $41.97 a barrel. A panel of the Saudi-s...

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Tech rally boosts Nasdaq to record high

Tech rally boosts Nasdaq to record high

Lowe's Cos Inc and Home Depot Inc each rose more than 2.0 per cent ahead of their earnings later in the week. The two companies are expected to have received a bump to their quarterly sales from con...

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Diageo makes big play in super premium gin with Aviation American deal

Diageo makes big play in super premium gin with Aviation American deal

The deal is expected to wrap up by the end of 2020. Aviation's US sales rose from about $20 million in 2018 to about $40 million in 2019, or 1.3% of the USA gin market, according to data from Euromo...

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Up to 300 Pizza Hut spots will permanently close

Up to 300 Pizza Hut spots will permanently close

Each year, NPC’s 23,000 plus team members proudly serve over 68 million pizzas to Americans in 27 states. NPC is the largest and oldest franchisee of Pizza Hut restaurants and operat...

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Sanofi To Acquire Principia Biopharma In $3.6B Deal

Sanofi To Acquire Principia Biopharma In $3.6B Deal

Sanofi is eyeing up the expansion of its autoimmune disease drug line after announcing plans to acquire Principa Biopharma, which is headquartered in San Francisco. Principia's most-advanced candidat...

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Germany investigating Amazon for policing prices during the pandemic

Germany investigating Amazon for policing prices during the pandemic

German officials haven't commented on the reports . The investigation was first reported by German newspaper Frankfurter Allgemeine Zeitwung . The investigation comes shortly after Amazon block...

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TikTok employees plan separate lawsuit against Trump administration

TikTok employees plan separate lawsuit against Trump administration

ByteDance responded to the new order with a statement that highlights the app's popularity in the country. Trump ordered that any sale of interest in Musical.ly in the United States had to be sign...

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Japan's economy shrinks at record pace

Japan's economy shrinks at record pace

Meanwhile, the Japan Times said many analysts have forecast that the nation's economy will rebound by over 10 per cent in the July to September period from the current quarter, given the gradual resum...

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Google pens an open letter to Aussies over News Media Bargaining Code

Google pens an open letter to Aussies over News Media Bargaining Code

The code aims to redress a power imbalance between the big tech firms, which rely on content generated by users and professional publishers, and the news industry. The law also requires platforms to ...

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MSC Grandiosa: First Major Ocean Cruise Ship Sets Sail After Cruise Suspension

MSC Grandiosa: First Major Ocean Cruise Ship Sets Sail After Cruise Suspension

MSC Cruises is registered in landlocked Switzerland and is based in Geneva.It was founded in Italy in 1989. "But at the same time, we have worked to ensure that we are able to provide our guests wit...

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Coronavirus vaccine developer CureVac raises $213.3 million in U.S. IPO

Coronavirus vaccine developer CureVac raises $213.3 million in U.S. IPO

CureVac sold 13.33 million shares Thursday for US$16 each after marketing them for US$14 to US$16. The company, trading on the Nasdaq under the " CVAC " ticket, finished at US$55.90, up nearly 250%...

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Democrats Schedule Emergency Hearing For Mail-In Voting Concerns

Democrats Schedule Emergency Hearing For Mail-In Voting Concerns

The Postal Service "reviews collection box density every year on a routine basis to identify redundant/seldom used collection boxes as First-Class Mail volume continues to declines", Doherty said . H...

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Competition Bureau probes Amazon for 'abuse of dominance'

Competition Bureau probes Amazon for 'abuse of dominance'

While Amazon sells millions of items itself, it also acts as a conduit for sales of products from other businesses that Amazon doesn't have in stock, in exchange for a cut of every sale in the process...

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9000+ government accounts hacked

9000+ government accounts hacked

The federal government says it's responding to recent cyberattacks that targeted a large number of Canada Revenue Agency (CRA) accounts and GCKey accounts. "Nothing is out of the ordinary there, and i...

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USA retail sales rise 1.2pc in July

USA retail sales rise 1.2pc in July

For the May-July period sales were down 0.2% from the year-ago period. States are required to cover 100 US dollars of the benefits under the order, but they are under enormous financial pressure due...

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Baidu-backed streaming service iQIYI tumbles after disclosing SEC probe

Baidu-backed streaming service iQIYI tumbles after disclosing SEC probe

Shares in iQIYI , a Netflix-like video-streaming service, plunged as much as 19% while Baidu shares dropped 5.5% in after-hours trade. Attributable net loss also shrank, to 1.4B (about $204.1M) fro...

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California Independent System Operator declares Stage 2 electrical emergency

California Independent System Operator declares Stage 2 electrical emergency

Alas, in an attempt to preserve the stability of California's grid system - which provides power for millions of residents and businesses - the state's grid managers chose to cut power to over 200,000...

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Warren Buffett is Wrong About Bitcoin, Gold, Banks: Max Keiser

Warren Buffett is Wrong About Bitcoin, Gold, Banks: Max Keiser

Banks in the U.S. too have had to face the heat amid the ongoing coronavirus pandemic, increasing provisions to help them dodge any headwinds in the near future. "Buffett will never buy Bitcoin". An...

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Winning lotto ticket worth 7.3 million euro sold in Galway

A Lotto spokesperson told NZME the ticket was sold to a "very deserving family". The individual, who bought their ticket in Galway, will walk away with a whopping €7.3 million after getting six numb...

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S&P 500 trading near flat, lingering below record highs

S&P 500 trading near flat, lingering below record highs

Separately, readings showed that USA factory output increased more than expected in July but remained below pre-pandemic levels while consumer sentiment was largely steady in the first half of August....

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USA election: Democrats call on Postal Service leaders to testify

USA election: Democrats call on Postal Service leaders to testify

He doesn't want an election", said Democratic challenger Joe Biden . Universal mail voting would make the U.S. "a laughing inventory", President Donald Trump has claimed, as he continues his voca...

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