Economy

Apple becomes the first United States company to be worth $2 trillion

Apple becomes the first United States company to be worth $2 trillion

Nonetheless, Apple Inc. shares had shrugged off some of its earlier gains at a late-session sell-off and closed the day at $462.83 per share, however, the late-afternoon profit taking could not ba...

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Coronavirus forces STA Travel out of business

Coronavirus forces STA Travel out of business

Worldwide, STA has nearly 2,000 employees working in over 200 stores. STA Travel started out as a student travel agency and specialised in trips and deals for people under 26. Abta, which represents...

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Twitter CEO Allows Employees to Work From Home 'Forever'

Twitter CEO Jack Dorsey announced that employees can continue to work from home indefinitely, even after the COVID-19 pandemic ends. Otherwise, employees would also have the option of returning t...

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Real Canadian Superstore, No Frills to make face coverings mandatory

Real Canadian Superstore, No Frills to make face coverings mandatory

The change was announced by the company in a Facebook post Saturday. Starting tomorrow, those at a BC Ferries terminal or aboard a BC Ferries ship, and those taking a BC Transit bus, will have to we...

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Alabama's Unemployment Rate Slightly Up For July

Alabama's Unemployment Rate Slightly Up For July

It is still nearly 600,000 down from where it was, or 1 in 10 jobs total, and still behind where payrolls were in 1997, a dramatic turnaround after the state hit a record of more than 6.1 million in F...

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Salmonella outbreak tied to bagged peaches at Aldi

Salmonella outbreak tied to bagged peaches at Aldi

CDC investigators are working to identify other retailers who may have sold the contaminated peaches. The Food and Drug Administration (FDA) and the Center for Disease Control and Prevention (CDC) a...

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More peaches implicated in Salmonella Enteritidis outbreak

More peaches implicated in Salmonella Enteritidis outbreak

Various importers in Canada are also conducting a recall of the affected products. The peaches may have been sold loose or in bulk, with or without a brand name. Healthy persons infected with Salmon...

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UK public debt breaches 2 trillion-pound mark for first time

UK public debt breaches 2 trillion-pound mark for first time

It said retail sales are expected to grow by 0.7% in that month, but warned the figure will likely be revised. British government debt has exceeded £2.0 trillion for the first time following mas...

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Lexus ES 250 AWD debuts alongside special edition model

Lexus ES 250 AWD debuts alongside special edition model

Pricing for the two new models has yet to be announced. An F Sport version configured with all-wheel drive is also available. Only the ES 250 model gets the honors, though. For 2021, there will be a...

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World's first electric Rolls-Royce is here, but with a catch

World's first electric Rolls-Royce is here, but with a catch

Just 30 examples are due to be built at its headquarters in Silverstone, all of which will have ranges in excess of 300 miles on a full charge and their own on-board bar service. There's a two-tone pa...

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LG Display's transparent OLED displays outfitted on subways in China

LG Display's transparent OLED displays outfitted on subways in China

The 55-inch transparent OLED displays installed in the Beijing (Line 6) and Shenzhen (Line 10) subways offer real-time information about subway schedules, locations, transfers, as well as flights an...

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Estee Lauder plans store closures, up to 2,000 layoffs

Estee Lauder plans store closures, up to 2,000 layoffs

The decision is part of the retailer's "Post-COVID Business Acceleration Program" aimed at helping business recovery after the pandemic hurt its in-person business, though its online business kept sal...

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NY mother kicked off flight after toddler refused mask

NY mother kicked off flight after toddler refused mask

The airline asked all passengers to get out of the plane when many of them argued in favour of the family. Chaya Bruck and her children were kicked off the flight. According to New York Daily New ,...

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A possible successor to Jeff Bezos is leaving Amazon

A possible successor to Jeff Bezos is leaving Amazon

Bezos said in a note to staff, shared with Reuters, that Wilke's "legacy and impact will live on long after he departs". In his own memo to employees, Bezos called Wilke "simply one of those people ...

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Government expanding EI benefits

Government expanding EI benefits

Finally, the government has also introduced the Canada Recovery Sickness Benefit for those who can not work because they are ill due to COVID-19. "Canadians have confidence in this program". The Can...

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More than 1.1M Americans filed for unemployment benefits last week

More than 1.1M Americans filed for unemployment benefits last week

Claims well exceed the worst week in the 2007-09 recession, and while new covid-19 cases have been slowing, thousands are still reported daily. First-time claims peaked at 6.97 million in March. Tha...

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Uber asks appeals court for California injunction pause

Uber asks appeals court for California injunction pause

The ruling was in reaction to a suit brought by a number of city lawyers and California Attorney general of the United States Xavier Becerra, which declared that the business broke Assembly Bill 5 ...

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Tiktok Bans Over 3,80,000 Videos, 1,300 Accounts For Posting Hateful Content

Tiktok Bans Over 3,80,000 Videos, 1,300 Accounts For Posting Hateful Content

During an interview with Reuters on Tuesday, Norihiro Nakayama, a senior member of a group of lawmakers from the ruling Liberal Democratic Party (LDP) looking into Chinese apps , gave his personal ...

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CERB extended, ‘simplified’ EI system on the way

CERB extended, ‘simplified’ EI system on the way

It's for workers who aren't able to work because they care for a child, dependent or family member because schools, daycares or other care facilities are closed due to COVID-19. The EI premium rate is...

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Home Sales Give Market a Late Jolt

Home Sales Give Market a Late Jolt

Closing transactions increased 24.7% from the prior month to a 5.86 million annualized rate, the strongest pace since the end of 2006 and reflecting broad gains across the US, according to National As...

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Brexit: 'Clock is ticking,' warns EU's Michel Barnier

Brexit: 'Clock is ticking,' warns EU's Michel Barnier

Speaking at a Press conference after talks ended, he said: "Too often this week it felt as if we were going backwards more than forwards". Hundreds of negotiators met over several days in the Belgia...

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Gold down as traders digest FOMC minutes

Gold down as traders digest FOMC minutes

Domestic stock markets trimmed early losses amid weakness across global equities, after the U.S. central bank warned the American economy faced a highly uncertain path to recovery from the coronavirus...

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Apple Becomes First US Company Valued At $2 Trillion

Apple Becomes First US Company Valued At $2 Trillion

Multinational technology giant, Apple , has recently hit a $ 2 trillion market capitalization , becoming the 1st publicly traded company in the U.S.to reach this milestone. In a note to clients, Ives...

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Hard-hit Airbnb confidentially files for IPO

Hard-hit Airbnb confidentially files for IPO

The number of shares to be offered and the price range for the proposed offering have not yet been determined, it added. As travel restrictions eased and US travellers preferred local vacation renta...

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Arrest Made in Sesame Place Employee Attack

Arrest Made in Sesame Place Employee Attack

The "baseless harsh attack" left the teenager hospitalized for nearly a week, Middletown Area cops stated. Troy McCoy, 39, of the Bronx section of the city, was taken into custody by the U.S. McCoy ...

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Airbnb bans house parties worldwide, citing virus mandates

Airbnb bans house parties worldwide, citing virus mandates

Airbnb enacted a slew of tighter restrictions past year, including a global ban on party houses, which it defines as listings that "create persistent neighborhood nuisance". On Wednesday, the company ...

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Google slams Australia law forcing tech giants to pay for news

Google slams Australia law forcing tech giants to pay for news

Mel Silva, managing director for Google Australia, blasted Canberra for the "unfair" code, adding that Google may " no longer guarantee " accurate search results and that news outlets could "artificia...

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Pelosi Says Democrats Willing to Cut Stimulus Proposal 'In Half'

Pelosi Says Democrats Willing to Cut Stimulus Proposal 'In Half'

House Speaker Nancy Pelosi suggested that Democrats might be willing to cut more from their proposal to reach agreement on immediate needs and - with the party growing more confident of gains in t...

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Nasdaq ends at fresh record despite higher jobless claims

Nasdaq ends at fresh record despite higher jobless claims

Besides, Fed policymakers had also pledged to further policy easing over the coming months alongside a continuation of US Central Bank's bond repurchase program at least until end-2021, both of which ...

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Bank of Nova Scotia Fined $127.5 Million For Market Manipulation

Bank of Nova Scotia Fined $127.5 Million For Market Manipulation

Bank of Nova Scotia agreed to pay $127.4 million to settle US allegations that the company engaged in spoofing of gold and silver futures contracts, and made false statements to the government. The ba...

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S.Korea: North's Kim gives sister some authority

S.Korea: North's Kim gives sister some authority

The last congress meeting was in 2016, when Kim Jong Un was officially elected to the position of chairman of the Workers' Party. South Korea politician Ha Tae-kyung said there had been a "deleg...

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Airbnb's IPO is a market test for flashy startups

Airbnb's IPO is a market test for flashy startups

Airbnb previously said it was profitable in 2017 and 2018, setting it apart from many other unicorn companies which have bled money before and after going public. Chances that the USA stock market co...

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Lyft to suspend rideshare operations in California in response to court ruling

Lyft to suspend rideshare operations in California in response to court ruling

The company also urged customers to vote on a November ballot measure backed by Lyft and Uber that would allow app-based drivers to be classified as independent contractors instead of employees. Wed...

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'Turkey will not bow down to colonialists in E.Med'

'Turkey will not bow down to colonialists in E.Med'

Turkey is reported to have discovered an energy resource, likely natural gas, in the Black Sea, several news agencies reported on Wednesday. Following Erdogan's remarks, shares in the refinery comp...

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Covid 19 coronavirus: Qantas Group's $3b statutory loss, underlying profit down 91%

Covid 19 coronavirus: Qantas Group's $3b statutory loss, underlying profit down 91%

Qantas has suffered a $4 billion revenue hit from the coronavirus crisis and warns worldwide travel could still be a year away. Its statutory loss before tax has ballooned out to $2.7 billion. "COVI...

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