Economy

Bentley will sell only plug-in hybrids and EVs by 2026

Bentley will sell only plug-in hybrids and EVs by 2026

We're not frightened by it, we're inspired by it. "We are pushing to modernize and again reposition Bentley for a new generation", he continues, pointing to the brand's exponential growth in the e...

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Wall Street rallies as investors eye split U.S. Congress

Wall Street rallies as investors eye split U.S. Congress

The major averages clocked their biggest weekly gains since April as shares of Apple Inc ( NASDAQ:AAPL ), Microsoft Corporation (NASDAQ:MSFT), and Amazon.com Inc ( NASDAQ:AMZN ) led a rally in tech ...

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NAB profits plummet due to pandemic

NAB profits plummet due to pandemic

NAB chief executive Ross McEwan said the operating environment within the country's banking sector remained highly volatile, noting recent rate cuts by the Reserve Bank would place downward pressure o...

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WhatsApp rolls out payments in India

WhatsApp rolls out payments in India

For WhatsApp and other future apps on UPI, this will apply from next January. A senior banker said the payment volume cap is to ensure no one single player ends up with "most of the market share". F...

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GM full-size truck production coming to Canada after $1 billion investment

GM full-size truck production coming to Canada after $1 billion investment

GM will begin calling its 175 laid-off Oshawa workers back to the plant and hiring new, in August 2021. "But I knew we would have to wait for 2026 to get a vehicle for Oshawa, so we needed a truck ...

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Biden on brink of defeating Trump as Dollar drops, stocks surge

Biden on brink of defeating Trump as Dollar drops, stocks surge

The Bank of England increased its already huge bond-buying stimulus on Thursday by a further 150 billion pounds ($194.61 billion) to a total target of 895 billion as it sought to cushion Britain's s...

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Bank of England to buy £150B more bonds as new lockdown starts

Bank of England to buy £150B more bonds as new lockdown starts

Chancellor Rishi Sunak is also expected to outline further government support for the economy to see it through the latest restrictions when he makes a statement later on Thursday. At the height of ...

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Who has cut interest rates since the RBA's November cut?

Who has cut interest rates since the RBA's November cut?

The central bank's policy rate is now 0.1%, down from 0.25%. The country's biggest bank, Commonwealth Bank, said on Wednesday it would slash its four-year fixed rate home loans to 1.99 per cent, but...

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Subaru BRZ Debuts On November 18 With More Horsepower

Subaru BRZ Debuts On November 18 With More Horsepower

The new Subaru BRZ was officially confirmed for debut by the end of this year in an announcement last month, . Um, well it's all a bit fast, but we catch a glimpse of the roofline, a silver brake ca...

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Center for Disease Control: Cruise ships can sail again but without passengers

Center for Disease Control: Cruise ships can sail again but without passengers

Cruise operator Royal Caribbean Group said on Monday it would stop all its cruises through the end of the year, extending previous suspensions, as coronavirus infections continue to increase globall...

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New Zealand unemployment rate hits record 5.3 pct due to COVID-19_china

New Zealand unemployment rate hits record 5.3 pct due to COVID-19_china

Unemployment actually fell to 4 per cent in the second (June) quarter. It was important to remember the figures were for the previous quarter and many people might have lost their job but had been h...

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Bank of England pumps another £150bn of QE to boost flagging economy

Bank of England pumps another £150bn of QE to boost flagging economy

The Bank of England (BoE) is said to be considering a move into negative interest rates, the Telegraph newspaper reported late on Wednesday, without citing any sources, ahead of the central bank's Nov...

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Burger King tells public to 'order from McDonald's'

Burger King tells public to 'order from McDonald's'

The Burger King shared this message after the United Kingdom once again initiated a second nationwide lockdown to contain the spread of the coronavirus cases as the COVID-19 cases were surging in ...

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SA factory activity expands in October, first time in 18 months

SA factory activity expands in October, first time in 18 months

David Owen, economist at IHS Markit , said the recovery in demand across the UAE non-oil economy suffered in October, as PMI survey data signalled the first monthly drop in new business since May. He...

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Canada's trade deficit widens to $3.3-billion in September

Canada's trade deficit widens to $3.3-billion in September

Exports to China totaled $11.5 billion. The politically sensitive deficit in the trade of goods with China fell about 8% in September to $24.3 billion from $26.4 billion in August. In the month, eig...

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Australia Post CEO Christine Holgate resigns amid Cartier watch investigation

Australia Post CEO Christine Holgate resigns amid Cartier watch investigation

The manager ... has been instructed to step aside, if she doesn't want to, she can go, "said Morrison, referring to the investigation into the purchase of the four executive watches worth $ 20,000". T...

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Reserve Bank Of Australia Working On Partnerships Aims To Research CBDC

Reserve Bank Of Australia Working On Partnerships Aims To Research CBDC

At a time when a vast array of central banks are actively hatching plans to create their own central bank digital currency , in a bid to remain at the frontline of the digital revolution, the Rese...

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Canada: Man who killed two people with sword arrested

Canada: Man who killed two people with sword arrested

Worldwide news outlets reported on the killings and television news crews tried to retrace the steps of the suspect through the streets on Sunday. Carl Girouard, 24, was also charged with five count...

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Wall St gains at open on Biden victory bets

Wall St gains at open on Biden victory bets

Still, the competition in swing states is seen as close enough that President Donald Trump could piece together the 270 Electoral College votes he needs to stay in the White House for another four y...

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IT stocks lift Sensex 300 pts amid U.S. poll outcome; banks drag

As of 2:33 pm, Sensex was up 485 points at 40,246 and Nifty 50 index was up 126 points at 1,798. The trend among Nifty sectoral indices was mixed, with Nifty IT index, up 2 per cent, leading the lis...

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More trade bans loom as China targets key Australian exporters

More trade bans loom as China targets key Australian exporters

The Chinese government has already targeted a number of Australian trade-disrupted industries such as barley, wine , cotton, coal and beef , and relations between the two nations are in dire strai...

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Christine Holgate is set to resign as Australia Post President

Christine Holgate is set to resign as Australia Post President

When Prime Minister Scott Morrison stood up in Parliament last week to shame Australia Post CEO Christine Holgate, he made himself a target, too. The Prime Minister was particularly infuriated by Ho...

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Owner of Plymouth Meeting Mall files for Chapter 11 bankruptcy

Owner of Plymouth Meeting Mall files for Chapter 11 bankruptcy

CBL & Associates Properties Inc., owner of Little Rock's Park Plaza mall, filed for court protection from creditors on Sunday, following some of its biggest tenants into bankruptcy after the pandemic ...

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Financial Regulators Summon Jack Ma Ahead of Mega Listing

Financial Regulators Summon Jack Ma Ahead of Mega Listing

The Shanghai Stock Exchange is suspending first-day trading in Ant Group on the Shanghai stock exchange just before its scheduled listing Thursday. "This material event may cause your company to fai...

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S. Korea's inflation grows at slowest pace in 4 months in October

S. Korea's inflation grows at slowest pace in 4 months in October

The ministry of finance has recently termed inflation as one of the main challenges. "The government's 20,000 won (S$24) phone bill subsidy as part of the fourth supplementary budget temporarily pul...

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Oil prices sink as Europe reintroduces coronavirus lockdowns

Oil prices sink as Europe reintroduces coronavirus lockdowns

Both contracts fell more than $2 earlier in the session. Further, US manufacturing activity accelerated more than expected in October, with new orders jumping to their highest level in almost 17 yea...

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USA stocks open higher after worst week since March_china

USA stocks open higher after worst week since March_china

For the week ending Friday, the Dow fell 6.5 percent, the S&P 500 5.6 percent and the Nasdaq 5.5 percent. More companies are set to report earnings today after the market closes, including Pay...

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Mayor claims victory in ‘killing off’ proposals in £1.8bn TfL bailout

Mayor claims victory in ‘killing off’ proposals in £1.8bn TfL bailout

Under the terms of the bailout, free travel for under 18s and over 60s will remain, but fares will be increased in January by the rate of inflation plus one percent. The agreement to allow TfL a furth...

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McDonalds Is Bringing Back The McRib

McDonalds Is Bringing Back The McRib

It's a combination so tantalizing it has longtime enthusiasts declaring, "I need it", and the McRib-curious saying, "Why the heck not?" McDonald's even released its own McRib locator app to help c...

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Queensland to remain closed to greater Sydney and Victoria

Queensland to remain closed to greater Sydney and Victoria

A strict barrier remains for 32 local government areas of Greater Sydney and all of Victoria. Four virus cases remain active in Queensland. Sydney is home to the bulk of NSW's population, especial...

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Murphy welcomes extension of Furlough Scheme

The tax and advisory firm fear that the extension of the furlough scheme may be too late to save a number of jobs, including some within the estate agency sector. This will see employees receiving 80%...

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Manufacturing PMI at a decade-high as factories recover from Covid blues

Manufacturing PMI at a decade-high as factories recover from Covid blues

The index also increased for the fifth straight month after hitting a low of 41.3 in May. A value above the 50 mark indicates that the majority of companies reported an increase in activity compared...

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The Welsh government fears that people from England will

The Welsh government fears that people from England will "flee" to Wales

Boris Johnson announced on Saturday that all areas of England will move into a month long lockdown from Thursday. Wales First Minister Mark Druckford will hold a press conference for the Welsh gove...

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Dutch reject KLM cost-cutting plan linked to government bailout

Dutch reject KLM cost-cutting plan linked to government bailout

Air France-KLM on Friday reported a 67% drop in third-quarter revenue to 2.52 billion euros, underlining the airline's hard financial condition as a new COVID-19 surge poses further threats to an indu...

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Tesla's New Full Self Driving Mode Continues To Scare And Impress Testers

Tesla's New Full Self Driving Mode Continues To Scare And Impress Testers

It was arguably Tesla's biggest Autopilot update ever. FSD, for the unaware, offers drivers features like autosteering, braking, stopping, turning, and lane changes on city streets. In response, Musk ...

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