Economy

European Union charges Amazon for antitrust violations

European Union charges Amazon for antitrust violations

It also pointed out that there are more than 150,000 European businesses selling through its online marketplace. In Europe, the Commission has been investigating Amazon's dual role as a platform for...

by · Economy
US allows 1st emergency use of a COVID-19 antibody drug

US allows 1st emergency use of a COVID-19 antibody drug

Regeneron has also applied for FDA authorization for its drug, REGN-COV2. Lilly chose not to distribute its experimental drug via a compassionate use program, preferring to recruit patients in nee...

by · Economy
Brazil Suspends Chinese COVID-19 Vaccine; Lambasts Beijing For Poor Quality

Brazil Suspends Chinese COVID-19 Vaccine; Lambasts Beijing For Poor Quality

It has not given details on what happened, citing confidentiality protocol. The report comes even as American company Pfizer was upbeat after its Covid-19 vaccine candidate showed 90 per cent effica...

by · Economy
Hyundai Sonata N Line: Specs, Prices, Features, Launch

Hyundai Sonata N Line: Specs, Prices, Features, Launch

Powering the auto is a 2.5-liter turbocharged engine rated at 294 PS (290 hp / 216 kW) and 422 Nm (311 lb-ft) of torque, a significant improvement over the last generation's 2.0-liter turbo-four with ...

by · Economy
McDonald's to Test Plant-Based Burger, the McPlant, Next Year

McDonald's to Test Plant-Based Burger, the McPlant, Next Year

News of the McPlant sent Beyond Meat ( BYND ) shares plunging almost 10% in early morning trading Monday. After the news that Beyond Meat co-created the patty broke on Monday afternoon, the plan...

by · Economy
Twitter users mock McDonald's marketing team over McPlant name

Twitter users mock McDonald's marketing team over McPlant name

Borden explained that a burger is already in the works from the McPlant platform and will debut as early as next year. Ian Borden, the president of the company's worldwide business, said that the ...

by · Economy
Quebec reports 1397 new COVID-19 cases and nine deaths

Quebec reports 1397 new COVID-19 cases and nine deaths

Health officials deemed 877 more cases to be resolved as of Sunday, bringing the number of recovered patients in the province to 71,815. Peel Region is now the only one in the red category of the pr...

by · Economy
Buffetts Berkshire suffers in Covid pandemic even as Apple boosts profit

Buffetts Berkshire suffers in Covid pandemic even as Apple boosts profit

Buffett abandoned his long-held aversion to that use of capital a couple years ago as he struggled to find big deals and has ramped up the practice in 2020. The company also broke out its largest cata...

by · Economy
Snapshot: S&P futures hit record as Pfizer says vaccine effective

Snapshot: S&P futures hit record as Pfizer says vaccine effective

The vaccine is believed to be a way out of all the restrictions imposed on people around the world. Pfizer is on track to seek an emergency authorization from the FDA to produce the vaccine by the t...

by · Economy
First passengers try Hyperloop in Nevada desert

First passengers try Hyperloop in Nevada desert

Virgin's Hyperloop system, which uses an electric motor, aims to be safety certified by 2025 and begin commercial operations by 2030. The test run yesterday served as a key safety demonstration for ...

by · Economy
Furlough scheme extended until March

Furlough scheme extended until March

While the Treasury refused to comment, Mr Sunak could alternatively increase the generosity of the job support scheme, now postponed, which will be open to workers of any firm forced to close or suffe...

by · Economy
Netflix launches first linear channel

Netflix launches first linear channel

Netflix said on its website that it has chosen France to test the first linear channel due to the "consumption of traditional TV" in the country. It will air French, worldwide and United States f...

by · Economy
Turkey replaces central bank head as lira sees record lows

Turkey replaces central bank head as lira sees record lows

FILE - In this Friday, Aug. 10, 2018 file photo, Berat Albayrak, Turkey's Treasury and Finance Minister, wipes his forehead as he talks during a conference to ease investor concerns about Turkey's eco...

by · Economy
UK House Price Inflation Highest Since Mid

UK House Price Inflation Highest Since Mid

All in all, the United Kingdom real estate market has seen a broad continuation of recent trends as it is still mostly driven by demand for large homes. England's property market can continue to opera...

by · Economy
Backed startup Pony.ai raises $267 million in latest fundraising

Backed startup Pony.ai raises $267 million in latest fundraising

TIP focuses on late-stage venture and growth equity investments in companies that deliver disruptive technology. Pony.ai's existing investors including Fidelity China Special Situations PLC, 5Y Capita...

by · Economy
Joe Biden wins the 2020 United States presidential election

Joe Biden wins the 2020 United States presidential election

Trump win a number of key swing states, including Florida and OH, amassing 70,591,531 votes (47.7 percent of the total votes). Democratic presidential nominee Joe Biden gestures after speaking dur...

by · Economy
Watch ‘SNL’ spoof President-elect Biden victory speech

Watch ‘SNL’ spoof President-elect Biden victory speech

Saturday's show picked up where McKinnon left off, only this time with Trump singing a downbeat version of the Village People's song. "I've never felt so alive which is ironic because I'm not that a...

by · Economy
China’s October exports accelerate, boosted by US demand

China’s October exports accelerate, boosted by US demand

China's economic recovery likely continued in October, with early data showing ongoing expansion in manufacturing and a pickup in the services industry.Strong exports have been a major support to that...

by · Economy
Common man may have to wait till 2022 for COVID vaccine

Common man may have to wait till 2022 for COVID vaccine

That will actually be the ideal situation. Shringla said India remains on track to develop a vaccine. In August, Russia became the first country in the world to register a vaccine against the coro...

by · Economy
European Union warns no return to pre-crisis economy before 2023

European Union warns no return to pre-crisis economy before 2023

The EU forecast reveals the severe impact of the pandemic on the European economy, by revising growth projections downwards for 2021. The loss of steam came despite a better-than-expected recovery i...

by · Economy
Insurer RSA sees pandemic exclusions limiting lockdown impact

Insurer RSA sees pandemic exclusions limiting lockdown impact

A potential cash bid of 685p per share would represent a 49% premium to RSA's Wednesday closing price. Aside from that, while Jefferies analysts were quoted saying that the proposed buyout price wou...

by · Economy
Oil prices rise after Trump falsely claims victory in tight United States election

Oil prices rise after Trump falsely claims victory in tight United States election

West Texas Intermediate was up $0.94 cents, or 2.44%, at $38.60 a barrel by 1156 GMT. Brent was yet to trade after falling 0.7% in the previous session. Stockpiles fell by eight million barrels in th...

by · Economy
How major United States stock indexes fared Wednesday

How major United States stock indexes fared Wednesday

Investors have been buoyed by electoral results that so far have almost eliminated prospects a "blue wave" that would see Democrats take control of both the White House and Congress and raise the chan...

by · Economy
Old Land Rover Defender By Bowler Packs Supercharged V8 With 567 HP

Old Land Rover Defender By Bowler Packs Supercharged V8 With 567 HP

Land Rover has given Bowler permission to produce vehicles using the classic Defender shape in the next phase of development for the UK-based manufacturer of all-terrain performance cars and rally...

by · Economy
Government U-turn over end of furlough scheme welcomed by business groups

Government U-turn over end of furlough scheme welcomed by business groups

Chancellor Rishi Sunak has announced that the furlough scheme set up in the wake of the coronavirus outbreak is to be extended until the end of March. The U-turn, which came as the country entere...

by · Economy
Royal Enfield Meteor 350 launch in India

Royal Enfield Meteor 350 launch in India

The Royal Enfield Meteor 350 price is bang on target against its rivals such as the Honda H'ness CB350 and Benelli Imperiale 400 and deliveries will begin from 7th November. The wheelbase of the...

by · Economy
Gold heads for biggest weekly gain since July on stimulus hopes

Gold heads for biggest weekly gain since July on stimulus hopes

Even gold , a traditional safe-haven asset, rallied overnight as investors looked forward to the conclusion of the USA election as a precursor to more fiscal stimulus in the world's largest economy. ...

by · Economy
Australia says that industry reports on exports to China

Australia says that industry reports on exports to China "deeply troubling"

Since then, diplomatic and trade ties between nations have sunk to the lowest level in generations, and some Australian exporters have struggled to get their products through Chinese customs. Two beef...

by · Economy
Neoen to Build one of the World's Largest Batteries in Australia

Neoen to Build one of the World's Largest Batteries in Australia

AEMO held a tender on behalf of the state for services to prevent blackouts as Victoria increasingly relies on variable wind and solar power. Installing the new system in Australia's second-most pop...

by · Economy
Trump camp frustrated at lack of support for election fraud claims

Trump camp frustrated at lack of support for election fraud claims

Donald Trump has amassed 214 electoral votes so far, and while the Republican incumbent was still in contention in several states that could afford him a path to reelection, that path has been narrowi...

by · Economy
WhatsApp takes on Google, Alibaba in India's phone payment battle

WhatsApp takes on Google, Alibaba in India's phone payment battle

Also Read: Explainer: WhatsApp Payments goes live in India, what does this mean for the ecosystem? . However, due to the regulatory hurdles the app's pilot project has been operational with only a...

by · Economy
Saskatchewan boasts lowest unemployment rate in Canada for third straight month

Saskatchewan boasts lowest unemployment rate in Canada for third straight month

The unemployment rate saw little change at 8.9 per cent compared with 9.0 per cent in September. "In spite of all the significant challenges with the global COVID-19 pandemic, Saskatchewan people ar...

by · Economy
USA adds 638000 jobs, 6.9 percent unemployment

USA adds 638000 jobs, 6.9 percent unemployment

The Labor Department's closely watched employment report on Friday also showed 3.6 million people out of work for more than six months. "A rising share of temporary layoffs are becoming permanent, ...

by · Economy
Elon Musk`s Tesla launches tequila $250 worth tequila called `Teslaquilla`

Elon Musk`s Tesla launches tequila $250 worth tequila called `Teslaquilla`

Apart from the name, the Tesla Tequila also evolved significantly in terms of packaging and presentation. The product was sold out within hours and people have already begun reselling the liquor f...

by · Economy
United States seizes over $1 billion in bitcoin tied to Silk Road

United States seizes over $1 billion in bitcoin tied to Silk Road

It's worth noting that Ulbricht was aware of the hacker's online identity and allegedly threatened them for the Bitcoin's return. According to the complaint, we're talking about "approximately" 69,370...

by · Economy