Economy

NY Times Reporter Kicked Out of Trump Rally in MI

NY Times Reporter Kicked Out of Trump Rally in MI

In that conversation, Trump also told Woodward that some "startling facts" had just come out about the virus' targets: "It's not just old, older. That's a very delicate one". In a tweet on Thursday mo...

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United Kingdom agrees first major post-Brexit trade deal with Japan

Financial services firms, food producers, coat-makers and biscuit bakers - as well as cheese producers - would benefit from the agreement which represented an "important step" towards Britain joining ...

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Oil prices edge up off three-month lows, but demand concerns persist

Oil prices edge up off three-month lows, but demand concerns persist

With coronavirus cases rising in several USA states, the country's crude stockpiles rose by 3 million barrels in the week to September 4, data from the American Petroleum Institute (API) showed on Wed...

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India's GDP will plummet by 10.5% this fiscal year forecasts Fitch Ratings

India's GDP will plummet by 10.5% this fiscal year forecasts Fitch Ratings

Fitch 20 is the group of 20 emerging and developed economies. Ind-Ra's FY21 GDP growth forecast of negative 11.8 per cent will be the lowest GDP growth in the Indian history (GDP data is available...

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U.S. firms in China increasingly fear soured ties will last for years

U.S. firms in China increasingly fear soured ties will last for years

The U.S. State Department announced on Wednesday it has revoked over 1,000 visas for Chinese nationals due to national security concerns. "It is outright political persecution and racial discriminat...

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Stocks slide ahead of European Central Bank meeting

Stocks slide ahead of European Central Bank meeting

Australian S&P/ASX 200 futures rose 1.28% in early trading and Japan's Nikkei 225 futures added 0.13%. Indonesia's main stock index dropped 4% to its lowest in more than a month on news the country'...

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European Union calling for urgent talks over ‘illegal’ Brexit change

European Union calling for urgent talks over ‘illegal’ Brexit change

The meeting was agreed after Brussels responded with anger to Mr Johnson's bid to tear up provisions of the withdrawal agreement created to prevent the establishment of a hard border between Northern ...

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India's Reliance offers Amazon $20 billion stake in retail arm

India's Reliance offers Amazon $20 billion stake in retail arm

Saudi Arabia's Public Investment Fund (PIF) and Abu Dhabi state fund Mubadala Investment Company - both backers of Jio Platforms - are also weighing a potential investment, a third source said. "We've...

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Lucid Air electric luxury sedan revealed: Quickest version costs $169,000

Lucid Air electric luxury sedan revealed: Quickest version costs $169,000

The Dream Edition of the Air also is one of only three production cars ever to break the 10-second barrier for the quarter-mile drag race. Challenger EV manufacturer Lucid has used the launch of i...

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Nasdaq rebounds as tech stocks stabilize after rout

Nasdaq rebounds as tech stocks stabilize after rout

Investors are dumping the stock after it failed to get an invitation to join the benchmark S&P 500 index. Lululemon Athletica Inc dropped 7.2 per cent after the yoga-wear maker forecast a drop in cu...

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Ireland won't get European Union trade commissioner portfolio

Ireland won't get European Union trade commissioner portfolio

Ms Von der Leyen said Ms McGuinness has "significant political experience on European Union issues". Ms McGuinness has been appointed in a financial portfolio, with Ireland losing the trade portfoli...

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Amazon chief tops Forbes' US richest list for third year

Amazon chief tops Forbes' US richest list for third year

Eight of the top 10 richest people in the US come from the tech world, with Amazon chief Jeff Bezos topping the list with a net worth of $179 billion. President Donald Trump is worth $2.5 billio...

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'Kidnapped' Belarus opposition leader has been transported to Ukraine

'Kidnapped' Belarus opposition leader has been transported to Ukraine

They sped up the auto. "We can not treat him as a president, we can not entrust the future of our country in his hands", she said, stressing that a new election is needed. After a brutal police crackd...

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LVMH pulls out of $16 billion merger deal with Tiffany

LVMH pulls out of $16 billion merger deal with Tiffany

France's Secretary of State writes to LVMH CEO Bernard Arnault saying the company should delay the deal until January 6, 2021 to take part in the "country's efforts to defend its national interests" a...

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Belarus says hundreds arrested as opposition figure 'kidnapped'

Ukrainian border guards said that Kolesnikova had not entered the country, refuting initial claims that she had crossed the border. "Everything they suggest is a catastrophe for Belarus and the Bela...

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Gold Eases On Firmer Dollar; Recovery Worries Limit Losses

Gold Eases On Firmer Dollar; Recovery Worries Limit Losses

In a quiet start to the trading day on Monday, the euro last stood at $1.1841, unchanged on the day, while the dollar index was little changed at 92.875. After an underperformance in long-dated Italia...

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Amazon's Jeff Bezos tops Forbes richest list, coronavirus pandemic knocks Trump lower

Trump saw big dips in his NY real estate this year, according to Forbes . Trump World Tower, with a net value of $27 million, increased by $2 million over the a year ago, Forbes reported. Koch fund...

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Boeing says new problem to delay deliveries of 787 Dreamliner

Boeing says new problem to delay deliveries of 787 Dreamliner

The technical problems, coupled with ongoing inspections by the Federal Aviation Administration (FAA), are set to impact deliveries, the company said. The Seattle-based plane manufacturer, one of the ...

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Goldman, Fitch slash India FY21 GDP estimate to worst in history

In its September update of Global Economic Outlook (GEO), Fitch said , the deepest recessions were in India , the United Kingdom and Spain, countries that saw particularly large shocks in daily mobi...

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Markets start trading week lower, tech shares hurt Nasdaq

Markets start trading week lower, tech shares hurt Nasdaq

Tesla's valuation has arguably been stretched for much of 2020, and even after more than a 30% haircut in the last five trading days, shares trade at over 130 times earnings. At session lows on Tue...

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SoftBank's $4 Billion Trading Gains on US Stock-Option Bet: FT

SoftBank's $4 Billion Trading Gains on US Stock-Option Bet: FT

Since April, the share price of SoftBank has fallen by a maximum amount of 5.7 per cent on an intraday basis. Before the Monday fall, the stock had gained 33 per cent since the start of the year. ...

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General Motors takes $2 billion stake in electric truck startup Nikola

General Motors takes $2 billion stake in electric truck startup Nikola

The Badger is expected to hit the market by the end of 2022. Nikola immediately gets decades of supplier and manufacturing knowledge, validated and tested production-ready EV propulsion, world-class e...

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India Ratings revises FY21 GDP growth projection to -11.8%

Global rating and research houses, such as Fitch and Goldman Sachs , have cut their estimates for growth in India's gross domestic product (GDP) for the current fiscal 2020-21 (FY21). The PMI balan...

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Samsung wins $9b Verizon deal to supply 5G network solutions

Samsung wins $9b Verizon deal to supply 5G network solutions

Verizon CEO Hans Vestberg told CNBC a year ago the largest USA wireless provider does not use any Huawei equipment. Samsung already is supplying 4G and 5G equipment to AT&T, Sprint and Verizon, ...

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Facebook to allow employees to work remotely until year end

Specific guidance for employees will vary from location to location, based on what state and local municipalities allow, and Google said it will continue to operate in accordance with health guidance ...

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Microsoft keeps US$10b JEDI cloud contract after review

Microsoft keeps US$10b JEDI cloud contract after review

In a blog post , Amazon on Friday criticized the DoD's decision saying that the "re-evaluation [is] nothing more than an attempt to validate a flawed, biased, and politically corrupted decision"....

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ED arrests Chanda Kochhar`s husband Deepak Kochhar in money laundering case

ED arrests Chanda Kochhar`s husband Deepak Kochhar in money laundering case

Earlier this year, the ED provisionally attached Rs 78.15 crore worth movable and immovable assets in possession of ICICI Bank's former Managing Director and CEO, her husband and the companies owned/c...

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Biden says Trump lives by 'code of lies, greed'

Biden says Trump lives by 'code of lies, greed'

Republican President Donald Trump, accused by Joe Biden of putting lives at risk in his handling of the coronavirus, on Monday called his Democratic rival "stupid" and demanded an apology for what Tru...

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Oil Down After Saudi Price Cuts

Oil Down After Saudi Price Cuts

In point of fact, Friday's tottering of crude oil futures' prices appeared to be catalysed by an extended retreat in the U.S. equity market, while a United States private payroll report revealing a ...

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Belarusian opposition activist Maria Kolesnikova 'seized by unidentified people' in Minsk

Belarusian opposition activist Maria Kolesnikova 'seized by unidentified people' in Minsk

Her disappearance follows a massive rally Sunday that drew an estimated 100,000 protesters pushing for the resignation of Lukashenko, who extended his 26-year rule in the August 9 election that the ...

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EU's chief Brexit negotiator anxious about negotiations

EU's chief Brexit negotiator anxious about negotiations

European Fee President Ursula von der Leyen known as the United Kingdom to order, saying on Monday (September seventh) that it was required " underneath worldwide legislation " to respect the EU withd...

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Employment rose by 4,700 in Sask. from July to August

Employment rose by 4,700 in Sask. from July to August

However, the participation rate is 1.3 percentage points lower for women, compared to pre-COVID levels. The unemployment rate was higher for racialized workers than non-racialized workers. Those wit...

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Philippines Adds Australia's CSL As Potential Vaccine Source

A Sinovac representative told AFP his firm has already "completed the construction of a vaccine factory" able to produce 300 million doses a year. It will take possession of the first 3.8 million do...

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Tech leads United States stocks’ biggest rout since June

Tech leads United States stocks’ biggest rout since June

The S&P index recorded no new 52-week highs and no new low, while the Nasdaq recorded 18 new highs and 77 new lows. US employers added 1.4 million jobs in August, and the unemployment rate dropped t...

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Australia Okays $1.2 Billion Funding for Two Potential Covid-19 Vaccines

The University is now undertaking a Phase 1 clinical study to assess safety and the immune response generated in healthy volunteers. The federal government has nailed down two possible vaccine sourc...

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