Economy

European Union can put billions in tariffs on USA imports

European Union can put billions in tariffs on USA imports

My feeling is that we may see slightly different World Trade conditions post elections. "Boeing supported repeal of the Washington state tax provision because complying with WTO rulings is the right t...

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S&P 500 opens deep in red for third straight day

S&P 500 opens deep in red for third straight day

Investors are swinging between optimism about a possible coronavirus vaccine that helped to propel an earlier market rally and unease about lackluster US economic activity. Energy stocks rose the mo...

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McConnell, McGrath spar over federal response to coronavirus

McConnell, McGrath spar over federal response to coronavirus

For his part, McConnell said he offered another coronavirus relief bill about a month ago that stalled when it drew no Democratic support in the Senate. But Barrett repeatedly declined to say how she ...

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United States crude, fuel stockpiles drop sharply amid hurricane

United States crude, fuel stockpiles drop sharply amid hurricane

Oil prices settled about 3% lower on Monday as force majeure at Libya's largest oilfield was lifted, a Norwegian strike affecting production ended and US producers began restoring output after Hurrica...

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Gold pirces linger below $1,900 as dollar holds firm on stimulus hopes

Gold pirces linger below $1,900 as dollar holds firm on stimulus hopes

EDT (1354 GMT). US gold futures were down 0.4 percent to $1,922.35. U.K. Prime Minister Boris Johnson will address MPs in the House of Commons later today and he may outline a new three-tier strat...

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Apple to launch iPhone 12 in S. Korea on October 30

Apple to launch iPhone 12 in S. Korea on October 30

Today we spotted the scorecards of the two devices in AnTuTu's database, giving us a sneak peek of the synthetic performance. Mr Wang believes the iPhone 12 will see the most sales over time. Appl...

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Retiree checks to rise 1.3% in 2021 amid coronavirus fallout

Retiree checks to rise 1.3% in 2021 amid coronavirus fallout

Rep. John Larson, D-Conn., chairman of the House subcommittee on Social Security, said in a statement he's pleased about the increase but cautioned that most seniors "face cost increases each year e...

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Singapore Airlines' pop-up plane restaurants sell out in 30 minutes

Singapore Airlines' pop-up plane restaurants sell out in 30 minutes

Singapore Airlines has announced it will transform two of its Airbus A380 double-decker superjumbos into pop-up restaurants. The company will study the waiting list and see how it can "potentially ...

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Australia probing China coal reports

Australia probing China coal reports

National Party Senator Matt Canavan said Australian exported about 20 per cent of its coal to China. On the other hand, the Australian dollar dropped as much as 0.6% to $0.7165, not helped by media ...

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Wall Street Ticks Up In Choppy Trading After Mixed Bank Results

Wall Street Ticks Up In Choppy Trading After Mixed Bank Results

Citigroup Inc. and BlackRock Inc, also reported third-quarter profit and revenue that beat analysts' expectations. The major stock index ETFs are showing weakness on Tuesday along with their underl...

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Wells Fargo earnings fall short of estimates

Wells Fargo earnings fall short of estimates

JPMorgan had $611 million in loan loss provisions this quarter, a fraction of the $10.47 billion the bank set aside in the second quarter. The firm has been under close regulatory watch since 2016 w...

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Big Story | Severe contraction in India's GDP shown by International Monetary Fund for FY21

Big Story | Severe contraction in India's GDP shown by International Monetary Fund for FY21

According to the IMF World Economic Outlook (WEO) in October, Cypriot real GDP is projected to shrink by 6.4%, compared to 6.5% in the April 2020 WEO. "If this worsens and prospects for treatments...

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Mac Shipments Up in Q3 2020 Amid Worldwide PC Market Growth

Mac Shipments Up in Q3 2020 Amid Worldwide PC Market Growth

HP Inc. and Lenovo generated the biggest growth in U.S. PC shipments during the latest quarter, as the country saw strong PC demand amid widespread remote work and learning, according to research firm...

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NFU Cymru voices dismay at setback in Agriculture Bill food standards debate

NFU Cymru voices dismay at setback in Agriculture Bill food standards debate

Labour MP Ruth Cadbury added: "If we do a trade deal with the United States that has no conditions on animal welfare, our farmers will be at risk, because they will have to compete with low-priced agr...

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United Kingdom urges businesses to prepare for end of Brexit transition

United Kingdom urges businesses to prepare for end of Brexit transition

Mr Johnson told his French counterpart he would "explore every avenue" to secure a future trade settlement but that he was prepared to walk away from the transition period at the end of the year on Au...

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Twilio is buying Segment, a customer data platform, for $3.2 billion

Twilio is buying Segment, a customer data platform, for $3.2 billion

The two companies offer services that play off of the other's strengths. Twilio hopes to replicate that success with Segment by promoting the startup's platform to its more than 200,000-strong cu...

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Wisconsin tells Foxconn no tax credits without new deal

Wisconsin tells Foxconn no tax credits without new deal

Wisconsin state officials have reportedly rejected Foxconn's application for tax subsidies because the company's plans for a factory in the state were smaller than initially proposed. The facility env...

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Retail inflation spikes to 7.34% in September from 6.69% in August

Retail inflation spikes to 7.34% in September from 6.69% in August

At 7.34 per cent, the inflation print is much above the Reserve Bank of India's medium term target of 4+/- 2 per cent. Fed policy makers are determined to push inflation higher, and have signall...

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Apple unveils first iPhones with 5G wireless

Apple unveils first iPhones with 5G wireless

The HomePod Mini is also equipped with Siri's full functionality , including searching for your other Apple devices, asking for updates that include the weather and your scheduled calendar events, an...

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International Monetary Fund expects Malaysia's GDP to increase 7.8% next year

International Monetary Fund expects Malaysia's GDP to increase 7.8% next year

But the USA rebound next year will be somewhat weaker at 3.1% growth - a forecast that assumes no additional federal government aid beyond around $3 trillion approved by Congress in March. This suppor...

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International Monetary Fund reverses forecast for Nigeria’s economy to - 4.3 % in 2020

International Monetary Fund reverses forecast for Nigeria’s economy to - 4.3 % in 2020

The IMF on Tuesday predicted a deep global recession this year and the world growth to be - 4.4 per cent, asserting that the global economic crisis is far from over mainly due to the impact of the co...

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European Union foresees 'weeks' of talks despite UK Brexit deadline

European Union foresees 'weeks' of talks despite UK Brexit deadline

And after a ministerial meeting in Luxembourg, Mr Roth told a news conference: "The negotiations are now at a very critical stage and we're under very serious time pressure. "These new measures will h...

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Best deals of Prime Day 2020 day one

Companies like Samsung are going off, while others like Mobvoi and Motorola and Sony are certainly putting up decent promo pricing on a number of their products. A German trade union called on workers...

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Apple launches new smart speaker HomePod mini: Price, availability and more

Apple launches new smart speaker HomePod mini: Price, availability and more

The Mini is powered by Apple's S5 chip, the same one in the Apple Watch SE and Series 5. Android devices from Samsung Electronics Co Ltd 005930.KS and others have featured the new networking capab...

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WTO allows European Union to sanction US goods $4B over Boeing support

WTO allows European Union to sanction US goods $4B over Boeing support

Both the USA and the European Union have signalled interest in settling the dispute over subsidies each provided to their respective planemakers, Boeing and Airbus, while accusing the other of refusin...

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BoE asks United Kingdom lenders if they are ready for negative interest rates

BoE asks United Kingdom lenders if they are ready for negative interest rates

Denmark, Switzerland, Sweden, the European Union and Japan already have negative or zero per cent interest rates. The letter is the clearest indication yet that the Bank is seriously considering t...

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Milgrom, Robert B. Wilson win Nobel Prize 2020 in economics

Milgrom, Robert B. Wilson win Nobel Prize 2020 in economics

Using auction theory , it is possible to explain how these three factors govern the bidders' strategic behaviour and thus the auction's outcome. Since their contributions to the field in the 1990s,...

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Liverpool leaders say city to go into lockdown after talks with government

Liverpool leaders say city to go into lockdown after talks with government

The first tier of the new coronavirus lockdown , expected to apply to areas with relatively low infection levels, could be nationwide restrictions such as a curfew on pubs from six o'clock to ten o'...

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U.S. Economists Awarded Nobel Memorial Prize in Economic Sciences

Two Stanford University academics who helped design the USA auction that allocates mobile-phone frequencies will share the 2020 Nobel Prize in economics . The auction raised $617 million - selling ...

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USA officials looking to restart air travel between London and NYC

USA officials looking to restart air travel between London and NYC

Current restrictions require USA citizens traveling to the U.K.to quarantine for 14 days, ostensibly halting business and vacation travel. People traveling those established routes would be subjecte...

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Amazon reveals new custom-built electric delivery van

Amazon reveals new custom-built electric delivery van

Amazon recently unveiled its first all-electric delivery van, which will help in its pursuit to become a carbon-neutral company by 2040, as part of its commitment to The Climate Pledge. The cabin has ...

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China's CBDC will be distributed in Shenzhen as part of public trials

China's CBDC will be distributed in Shenzhen as part of public trials

The currency retreated to 6.7320 per dollar, after closing on Friday at the strongest level since April 2019. The Bloomberg Commodity Index fell 0.2%.West Texas Intermediate crude fell 2.8% to $39.4...

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Conor Murphy welcomes Chancellor's enhanced Job Support Scheme

Conor Murphy welcomes Chancellor's enhanced Job Support Scheme

That is being succeeded by the less generous Jobs Support Scheme , which will see the government pay up to 22pc of wages for workers who return to work from their furlough from Nov 1. Firms with a ra...

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Government announces Rs 10,000 interest-free festival advance to employees

Government announces Rs 10,000 interest-free festival advance to employees

Notably, every four years, central government employees get LTC to any destination to their choice plus one to their hometown. Under LTC cash voucher scheme , government employees can opt to rece...

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US President Donald Trump raises fears in latest coronavirus test admission

US President Donald Trump raises fears in latest coronavirus test admission

She tested positive on October 1, and immediatlely informed the president, according to the Washington Post. Dr. Sean Conley said Trump met the Centers for Disease Control and Prevention criteri...

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