Economy

Goldman Sachs to Claw Back Exec Bonuses and Cut Compensation

Goldman Sachs to Claw Back Exec Bonuses and Cut Compensation

The Hong Kong unit of Goldman Sachs alone received 37 percent of the total fees or Dollars 210 million. Besides, as the Malaysian subsidiary of the Wall Street lender had pleaded guilty of bribing...

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Sugar high: Dunkin’ shares soar after buyout talks confirmed

Sugar high: Dunkin’ shares soar after buyout talks confirmed

The price of Dunkin' be would a 20% premium over the company's closing price on Friday, and implies a company valuation of about $8.8 billion. Dunkin' Brands confirmed the possible deal on Sunda...

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Oxford Covid vaccine produces 'strong' immune response among elderly

Oxford Covid vaccine produces 'strong' immune response among elderly

Covid-19 has killed over 2,370 people in the Jewish state since the start of the outbreak there, and has infected more than 300,000, according to official figures. "We do not know the efficacy at this...

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Europeans in talks to buy Coca-Cola Amatil

Europeans in talks to buy Coca-Cola Amatil

CCA said that once confirmatory due diligence is completed and other conditions are satisfied, including CCEP and TCCC reaching an agreement, then CCA intends to unanimously recommend the takeover to ...

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Ant Group has set pricing for world's largest IPO, Jack Ma says

Ant Group has set pricing for world's largest IPO, Jack Ma says

Such demand puts the much-anticipated IPO on track to surpass Saudi Aramco's $29 billion sale a year ago. The listing will raise a total of just under $34.5 billion, with the possibility for tha...

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China to sanction US individuals, entities over Taiwan arms sales

China to sanction US individuals, entities over Taiwan arms sales

This comes after the US State Department last Wednesday announced it had approved the sale of 135 precision land attack missiles, associated equipment and training to Taiwan to improve its defense cap...

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Amazon gets stay on RIL-Future deal

Amazon gets stay on RIL-Future deal

The two companies entered an additional deal early this year that granted Amazon "long-term" rights to sell Future Group's products online. Reacting to the order, Amazon spokesperson told Bloomberg...

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AstraZeneca's COVID-19 vaccine trial to resume in U.S.

AstraZeneca's COVID-19 vaccine trial to resume in U.S.

AstraZeneca is working with the UK's University of Oxford to develop the coronavirus vaccine , one of four that started late-stage, Phase 3 trials in the US, CNN said. "We are now beginning a cruci...

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Samsung chairman Lee Kun-hee dies aged 78

Samsung chairman Lee Kun-hee dies aged 78

Lee Kun-Hee inherited control of the company from his father, and during his almost 30 years of leadership, Samsung Electronics Co. became a global brand and the world's largest maker of smartphone...

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Tesla to recall 30,000 cars from China over suspension defects

Tesla to recall 30,000 cars from China over suspension defects

Tesla Inc.is recalling about 30,000 imported Model S and Model X vehicles in China because of suspension problems, a setback for the U.S. electric-car maker just as it faces intensifying competition ...

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Pelosi: Covid relief deal could still happen before Election Day

Pelosi: Covid relief deal could still happen before Election Day

Pelosi said the burden is on President Donald Trump to push forward on stimulus talks and get reluctant Republicans to go along with any eventual deal reached with the White House on a almost $...

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Walmart sues United States government over opioid case

Walmart sues United States government over opioid case

Walmart has sued the U.S. Department of Justice and the Drug Enforcement Administration as it seeks "clarity for pharmacists in dispensing prescription opiods". Federal prosecutors in Texas started in...

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Gap to shut all its United Kingdom shops

Gap to shut all its United Kingdom shops

The spokesperson declined to give a breakdown of the number of stores and employees Gap has by country. As a part of the restructuring, Gap said that it also intends to shut 130 of the company's sto...

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Half of Coke's Drink Brands Are About to Disappear

Half of Coke's Drink Brands Are About to Disappear

Coke on Thursday reported internet revenues of $eight.7 billion for the quarter ending September 25, which mirrored a 9 p.c lower however nonetheless beat Wall Road's expectations for about $eight.fou...

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Barclays 3Q profit beats expectations, helped by lower provisions

Barclays 3Q profit beats expectations, helped by lower provisions

Barclays reported a net profit of $ 611 million ($ 797.7 million) on FridayIn the third quarter, A British lender is trying to recover from a corona virus infection. It is more than offsetting the he...

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GM Unveils it's First All-Electric Hummer

GM Unveils it's First All-Electric Hummer

The "sport-utility truck" will combine the performance of a sports auto with off-road capabilities of a pickup in a vehicle that will have a 350-mile range on a single charge, GM said. GMC retired th...

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Ailing Samsung Electronics chief Lee Kun-Hee dies

Ailing Samsung Electronics chief Lee Kun-Hee dies

He was also treated for lung cancer in the late 1990s. During his lifetime, Samsung Electronics developed from a second-tier TV maker to the world's biggest technology firm by revenue - seeing off J...

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Ford and Filson outfit a new Bronco to fight wildfires

Ford and Filson outfit a new Bronco to fight wildfires

There's also a custom heavy-duty roof rack with LED lights and rack mounts that's strong enough to stand on along with a Ford Performance front bumper and Warn winch. Filson dressed it up with canvas,...

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Quibi Sets December App Shutdown Date

Quibi Sets December App Shutdown Date

Unfortunately, the streaming service in the United States started in April in the middle of the COVID-19 crisis, at a time when no one was moving anywhere. Quibi's launching was complex by the corona...

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Guinness To Launch Guinness 0.0 Non-Alcoholic Beer

Guinness To Launch Guinness 0.0 Non-Alcoholic Beer

Guinness 0.0 is brewed in the same way as traditional Guinness, before removing the alcohol through a cold filtration method: 'allowing the alcohol to be filtered out without presenting thermal str...

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United Kingdom and Japan sign $20 billion free trade agreement

United Kingdom and Japan sign $20 billion free trade agreement

It is set to come into effect on January 1 next year. At a signing ceremony in Tokyo, Truss told reporters: "How fitting it is to be in the Land of the Rising Sun to welcome in the dawn of a new era...

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September national inflation accelerates to 6.4% on higher food prices

September national inflation accelerates to 6.4% on higher food prices

The annual inflation rate, as measured by the UK's Consumer Prices Index, increased from a near five-year low of 0.2 percent in August. The results in the monthly inflation reading showed the cont...

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Remdesivir becomes first FDA fully-approved coronavirus treatment

Remdesivir becomes first FDA fully-approved coronavirus treatment

The drug does not prevent death from COVID-19. It works by blocking the virus's ability to make more copies of itself. That led to the drug getting emergency use approval in the U.S, as well as many o...

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Australia Post splurged $12,000 on watches

Australia Post splurged $12,000 on watches

Mr McCrann also said it was damaging to Ms Holgate's reputation that she had been asked to stand aside by the Prime Minister . Christine Holgate and her expensive watch during Senate Estimates in C...

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Amazon extends work from home option until June 2021

Amazon extends work from home option until June 2021

In July, Amazon had said that employees whose work could be done remotely could do so until January, 2021, adding that its offices would remain open and available to all employees. Amazon had earlier ...

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Le Chateau Closing Its Doors, Files For Creditor Protection

Le Chateau Closing Its Doors, Files For Creditor Protection

Kevin Knight, general manager of Stone Road Mall, said the retailer has not yet given its notice for what date it will close its store in the mall. In a release, the company's management said it had...

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United Kingdom trade deal with Japan 'unlocked' Brexit talks, European Union sources say

United Kingdom trade deal with Japan 'unlocked' Brexit talks, European Union sources say

The UK-Japan Comprehensive Economic Partnership Agreement (CEPA) was signed by International Trade Secretary Ms Truss and Japan's Foreign Minister Motegi Toshimitsu in Tokyo on Friday. In a ceremony i...

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Uber, Lyft ordered by appeals court to comply with labour law

Uber, Lyft ordered by appeals court to comply with labour law

Treating Uber and Lyft drivers as employees instead of independent contractors would guarantee benefits such as overtime, sick leave and expense reimbursement for workers who make up much of the f...

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Japan, Britain ink post-Brexit free trade deal

Japan, Britain ink post-Brexit free trade deal

In a ceremony in Tokyo, UK International Trade Secretary Liz Truss and Japanese Foreign Minister Toshimitsu Motegi put their names to the pact, which was reached in principle in September, about three...

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CVS Set to Hire 15000 Employees in Anticipation of Flu Season

CVS Set to Hire 15000 Employees in Anticipation of Flu Season

The healthcare giant is hiring more than 10,000 full- and part-time pharmacy technicians in Q4 in anticipation of flu season, and urging for them to have an expanded scope of practice that would allow...

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WEF: COVID-19 Recession Accelerating Changes that Could Displace 85 Mln Jobs

WEF: COVID-19 Recession Accelerating Changes that Could Displace 85 Mln Jobs

WEF said now around a third of all work tasks were handled by machines, with humans doing the rest, but by 2025 the balance would shift. The research indicates that what used to be considered the "f...

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Covid: Cathay Pacific to run at half capacity next year

Covid: Cathay Pacific to run at half capacity next year

Although there are no surprises, the key question over the restructuring would be the positioning of Cathay Pacific-owned low-priced carrier HK Express, which will be given some unnamed Cathay Dragon ...

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Hummer Returns As A 1,000 HP Electric Pickup From GMC

Hummer Returns As A 1,000 HP Electric Pickup From GMC

Subscribe to Plugged In on Apple Podcasts , Spotify , Stitcher , and Google Podcasts . GMC is billing the HUMMER EV as "The World's First All-Electric Supertruck", but Tesla's Texas-built ...

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Wall Street Climbs With Focus On Stimulus

Wall Street Climbs With Focus On Stimulus

Tech shares underperformed after the U.S. Justice Department said it was poised to sue Google for allegedly abusing its power. The Dow Jones Industrials Average dropped 410 points or 1.4% to 28,195....

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The Mandalorian season 2 teaser hints at return of Star Wars character

The Mandalorian season 2 teaser hints at return of Star Wars character

It does seem as though much of this season will be devoted to Mando trying to bring Baby Yoda back to hos people. Let's explore this special look for season 2 of The Mandalorian . According to an a...

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