Economy

SSC Tuatara Becomes The Fastest Production Car In The World At 331MPH

SSC Tuatara Becomes The Fastest Production Car In The World At 331MPH

The record has to be achieved on a public road for "real world" driving conditions and the vehicle must run on non-race fuel and be equipped with street tires. Onsite officials, using Dewetron GPS mea...

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Oil Steady with OPEC+ Warning of Precarious Outlook

Oil Steady with OPEC+ Warning of Precarious Outlook

OPEC + countries need to continue to fully comply with their obligations under the oil production limitation agreement, as the market is not yet stable. The cuts come with the background of a renewed ...

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Plastic bag ban goes into effect at stores across Long Island

Plastic bag ban goes into effect at stores across Long Island

The ban had been set for March 1, but was not enforced during an ongoing lawsuit filed by a local plastic bag maker, along with bodega owners. The EPA estimates that 80 percent of plastic pollution ...

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Powell says Fed's digital currency should complement payments system

Powell says Fed's digital currency should complement payments system

He mentioned that the Boston Fed was working with the MIT Digital Currency Initiative to build a central bank digital currency (CBDC). Along with that, Powell said the digital dollar is not a repl...

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Billionaire buys iconic bootmaker RM Williams

Billionaire buys iconic bootmaker RM Williams

The couple's Tattarang investment arm bought the firm bought the business for a reported $190 million from the world's largest consumer-focused private equity firm, L Catterton and minority shareholde...

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Pfizer CEO pushes back COVID-19 vaccine submission to November

Pfizer CEO pushes back COVID-19 vaccine submission to November

Days after joining the World Health Organisation's (WHO) COVAX alliance to equitably distribute COVID-19 vaccines across the world, China has stepped up the usage of its coronavirus vaccines to thre...

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Chinese Regulators Green Light Ant's Hong Kong IPO

Chinese Regulators Green Light Ant's Hong Kong IPO

The Hong Kong meeting was a regularly scheduled committee hearing, during which the IPOs of several companies were discussed and approved. While Ant has said there is no official schedule for the IP...

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Crown Resorts Facing AUSTRAC Money Laundering Probe

Crown Resorts Facing AUSTRAC Money Laundering Probe

The Australian Transactions Reports and Analysis Centre (AUSTRAC ) is the federal government agency tasked with detecting, deterring and disrupting criminal abuse of the financial system. "Crown Melbo...

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Tesla Model 3 2021 refresh offers more range and other improvements

Tesla Model 3 2021 refresh offers more range and other improvements

The Standard Range Plus (SR+) variant gets bumped up from 402 km to 420 km, while the Long Range (LR) variant gets a significant boost from the existing 518 km to 564 km. This report from Green Drive...

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Jet Airways' CoC Approves Kalrock Capital-Murari Jalan's Plan to Revive Airline

Jet Airways' CoC Approves Kalrock Capital-Murari Jalan's Plan to Revive Airline

The path to recommence operations of the grounded Jet Airways is very tough and uncertain despite the committee of creditors (CoC) approval of the airline's revival plan submitted by the Kalrock Cap...

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Brexit: Ball in EU's court over trade deal, says Gove

Brexit: Ball in EU's court over trade deal, says Gove

But Gove on Sunday left room for talks to agree on a deal so that the United Kingdom can avoid the high trade tariffs it faces from December 31, when the transition period ends. Meanwhile, groups repr...

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Unemployment insurance claims up more than 50000 in one week

Unemployment insurance claims up more than 50000 in one week

Government-imposed restrictions meant to slow the spread of COVID-19 continue to wreak havoc on the economy and the labor market. For the week ending October 10, 29,029* individuals filed new unempl...

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John Lewis looks to save £300m in cost cutting

John Lewis looks to save £300m in cost cutting

As shopping habits evolve, it will bring expert partners (staff) and products into customers' homes through an app, giving access not just to products, but to services like personal styling and home d...

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China OKs export control law on national security

China OKs export control law on national security

The new law provides a framework for Beijing to better fight back. The latest measure gives Beijing more room to safeguard national security and interests, after the commerce ministry issued a revis...

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JD Wetherspoon slips to loss following Covid-19 restrictions

JD Wetherspoon slips to loss following Covid-19 restrictions

From Saturday, households in London will not be allowed to mix indoors, including in pubs and restaurants. Wetherspoon chairman Tim Martin called the new system "Confusing". Last month it was announ...

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British Airways Fined for Failing To Protect Customer Data

British Airways Fined for Failing To Protect Customer Data

British Airways could have taken several affordable steps to prevent the risk of such an attack, such as limiting access to applications and protecting accounts with "multi-factor authentication", of...

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Oil prices slide amid coronavirus concerns

Oil prices slide amid coronavirus concerns

Pandemic cases have surged in the US Midwest and beyond, with new infections and hospitalisations rising to record levels in an ominous sign of a nationwide resurgence as temperatures get colder. The ...

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FCA, Unifor Reach Agreement on New Deal, Averting Strike

FCA, Unifor Reach Agreement on New Deal, Averting Strike

Earlier this year, the Windsor plant lost its third shift causing 1,500 workers to be laid off. Said Jerry Dias, "Not only is Fiat-Chrysler maintaining the current portfolio but they will be invest...

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Remdesivir, 3 other drugs have no effect on COVID-19 patients

Remdesivir, 3 other drugs have no effect on COVID-19 patients

It received its emergency use authorization in August after promising results in trials. Asked for his opinion, Matthew Spinelli, MD, of University of California, San Francisco, cautioned that Solid...

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Morgan Stanley's net income climbs to £2.11 billion in the third quarter

Morgan Stanley's net income climbs to £2.11 billion in the third quarter

Bank of America, in contrast, saw its VAR edge higher over Q3, by 5% to $22 million. The American multinational's financial results came in a day after its peer, Wells Fargo, revealed a massive 56% de...

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Retail sales in U.S. grew 2% in September, Commerce Dept. says

Retail sales in U.S. grew 2% in September, Commerce Dept. says

The Commerce Department reports retail sales jumped 1.9 percent rising much more than economists had expected. Totally different present monetary information indicate the economy is losing stea...

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London to move into Tier 2 Covid restrictions from midnight on Friday

London to move into Tier 2 Covid restrictions from midnight on Friday

Millions of people in London will face tougher Tier 2 Covid-19 measures from Saturday, with a ban on households' members mixing indoors reported BBC . "In London , we experienced the worst of COVI...

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Pfizer CEO, facing pushback, shifts COVID vaccine timeline to late November

Pfizer CEO, facing pushback, shifts COVID vaccine timeline to late November

No vaccines have yet been approved, but several are in late-stage trials, including vaccine candidates being developed by Massachusetts-based Moderna , Inc. The U.S. Department of Defense and the CDC...

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World Health Organization defends conclusion that remdesivir is ineffective against COVID-19

World Health Organization defends conclusion that remdesivir is ineffective against COVID-19

The UN agency hired independent statistician and epidemiologist Richard Peto to evaluate its "Solidarity Therapeutics Trial" results after U.S. biopharmaceutical company Gilead criticized the WHO's ...

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Wall Street climbs on vaccine hopes, upbeat retail sales data

Wall Street climbs on vaccine hopes, upbeat retail sales data

The Dow gained 19.41 points, or 0.1%. In fact, the November VIX Futures contract closed at the 33.18-level on 02 October, but it now trades almost 5-points lower at the 28.47-mark. USA indices are exp...

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Musk Claims Tesla Model S Price Will Be Lowered To $69,420

Musk Claims Tesla Model S Price Will Be Lowered To $69,420

But after Lucid came along with the new competitive prices, Musk continued the challenge by cutting prices once again. Musk has been asked about the seven-seat configuration since March when Tesla o...

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UK’s Raab: Disappointed and surprised by the EU’s position on Brexit

UK’s Raab: Disappointed and surprised by the EU’s position on Brexit

The EU's chief negotiator Michel Barnier should only come to London for a meeting scheduled next week if he was willing to discuss details on travel and cargo haulage, the spokesman said on Friday. "T...

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Vaccine cooperation could boost global income $9 trillion by 2025

Vaccine cooperation could boost global income $9 trillion by 2025

She advised that " to the extent possible, policies must aggressively focus on limiting persistent economic damage from this crisis ". China, where the coronavirus first surfaced late past year, h...

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Software executive charged in biggest tax evasion case in US history

Software executive charged in biggest tax evasion case in US history

As the CEO of Reynolds & Reynolds, Brockman oversees one of the largest vendors of software to manage auto dealerships in the USA and overseas. "Sophistication is not a defence to federal criminal cha...

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Three reasons to look forward to the new iPhone 12

Three reasons to look forward to the new iPhone 12

The iPhone 12 , on the other hand, is a bigger model but is not as pricey as the Pro models . The Apple-designed A14 Bionic, the fastest chip in a smartphone, powers every experience on iPhone 12 ,...

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U.K. Surprised, Disappointed With EU Summit Stance on Brexit

U.K. Surprised, Disappointed With EU Summit Stance on Brexit

British Prime Minister Boris Johnson, who in September had made today a deadline for an agreement to be reached, had indicated he would take stock of the leaders' comments today before deciding whet...

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Sudden surge in United States jobless claims as more need long-term aid

Sudden surge in United States jobless claims as more need long-term aid

That was down 91,000 claims from the prior week. That's because it temporarily stopped processing new applications while it implements anti-fraud technology and clears a backlog of claims. Nationwide,...

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IKEA will repurchase some used furniture to stop 'over-consumption'

IKEA will repurchase some used furniture to stop 'over-consumption'

The customer will then receive a voucher according to the condition of the forfeited item: " as new " items will get 50 percent of the original price, 40 percent for " very good " items, and 30 percen...

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TRAVEL BUBBLE: First flights from NZ to land in Australia today

TRAVEL BUBBLE: First flights from NZ to land in Australia today

But those returning to New Zealand will still need to go through quarantine. It comes more than six months after Australia's borders were closed during the height of the COVID-19 pandemic. Flight NZ...

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Sensex, Nifty flat as weakness in banks offsets Infosys gains

Sensex, Nifty flat as weakness in banks offsets Infosys gains

Overall market breadth was neutral, as 880 stocks rose on the NSE against 832 that fell. Infosys shares traded 1 per cent lower at Rs 1,124.85 at the time, having risen as much as 4.30 per cent ...

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