Economy

S&P, Dow futures muted ahead of weekly jobless claims

S&P, Dow futures muted ahead of weekly jobless claims

Germany's DAX ended the day flat at 13,286 while France's CAC 40 dipped about 0.1% to 5,566. Britain's FTSE 100 slipped 0.3% to 6,373.48. Japan's benchmark Nikkei 225 gained 0.9% to finish at 26,537...

by · Economy
United Kingdom expected to see worst recession in over 300 years: senior official

United Kingdom expected to see worst recession in over 300 years: senior official

But the United Kingdom economy is expected to shrink by 11.3% this year, the sharpest decline in 300 years, according to the government's independent forecaster, the Office for Budget Responsibility (...

by · Economy
Stocks move mostly lower even as Nasdaq edges toward record

Stocks move mostly lower even as Nasdaq edges toward record

In other currency markets the dollar was under pressure from Yellen's expected push for fiscal stimulus, said Patrick Leary, chief market strategist and senior trader at Incapital in Minneapolis. And ...

by · Economy
Biden to Name Ex-Fed Chair Yellen to Lead Treasury

Biden to Name Ex-Fed Chair Yellen to Lead Treasury

The Treasury Department did not immediately respond to a request for comment. The prospect of former Federal Reserve boss Janet Yellen becoming the next US Treasury Secretary is "good news" for the ...

by · Economy
Delhi HC grants ad-interim injunction in WhiteHat Jr defamation suit

Delhi HC grants ad-interim injunction in WhiteHat Jr defamation suit

However, the court said "there has to be a difference between healthy and abusive discussion". Poonia undertook not to share or telecast any of the copyrighted material of WhiteHat Jr .in the course ...

by · Economy
New CDC Update on Cruise Line Travel

New CDC Update on Cruise Line Travel

The organization had lifted its ban on cruise ships operating at U-S ports at the end of October. Earlier this month, the CDC issued what it called a Framework for Conditional Sailing Order , wh...

by · Economy
United Kingdom to suffer worst economic recession in 300 years

United Kingdom to suffer worst economic recession in 300 years

The 0.7% target, originally introduced by Tony Blair when he was prime minister, was a commitment made by the ruling Conservative Party in the run-up to last year's election and repeated by Prime Mini...

by · Economy
European Union says first virus vaccinations possible by Christmas

European Union says first virus vaccinations possible by Christmas

Von der Leyen also noted that the Commission had clinched contracts for vaccines from six companies and that immunizations would likely start in late December. In the European Union single market, goo...

by · Economy
Brent Hits Highest Since March, Spurred By Coronavirus Vaccine Hopes

Brent Hits Highest Since March, Spurred By Coronavirus Vaccine Hopes

Lower gravity oil tends to produce more fuel oil after refining while higher gravity crudes tend to produce more higher-value products such as gasoline and diesel fuel when refined. The optimism is re...

by · Economy

Microsoft Gives Staff Permanent Remote Work Option

Working at Microsoft might be quite fulfilling now for those hoping to continue work-from-home (WFH) forever now. But in new workplace guidance issued to employees on Friday, the company said incr...

by · Economy
Nifty, Sensex rise on vaccine optimism; Reliance gains

Nifty, Sensex rise on vaccine optimism; Reliance gains

The scrips that increased were Axis Bank by 4.02 pc to Rs 619.55 followed by M& M, HDFC Bank , ITC and SBI. However, profit booking was witnessed in select heavyweight financials after recommendati...

by · Economy
Queensland borders to open in time for Christmas

Queensland borders to open in time for Christmas

The news comes after NSW recorded 28 days with no "unlinked" cases of coronavirus. On July 1,0 Queensland opened its border to all of NSW but quickly closed it again on August 8. However, NSW has ...

by · Economy
Elon Musk overtakes Bill Gates to be world's second-richest person

Elon Musk overtakes Bill Gates to be world's second-richest person

Despite the pandemic, shares of technology companies have been consistently rising resulting in increase of billionaires wealth like Jeff Bezos, Mark Zuckerberg , Elon Musk , etc. With Monday's tra...

by · Economy
Stocks and oil rise amid Biden's move and vaccine hopes, by Reuters

Stocks and oil rise amid Biden's move and vaccine hopes, by Reuters

AstraZeneca mentioned its COVID-19 vaccine, cheaper to make, simpler to distribute and sooner to scale-up than its rivals, could possibly be as a lot as 90 % efficient. U.S. stocks acquired an additi...

by · Economy
Irish PM Hopeful Of Brexit Trade Deal Outline By End Of Week

Irish PM Hopeful Of Brexit Trade Deal Outline By End Of Week

The British Sun newspaper reported that the negotiators were looking at a clause that would allow a renegotiation of any new fishing arrangement in several years. A trade deal would ensure there are n...

by · Economy
Biden To Nominate Former Fed Chair Janet Yellen For Treasury Secretary

Biden To Nominate Former Fed Chair Janet Yellen For Treasury Secretary

The 74-year-old, whose nomination was confirmed to AFP by a financial source close to the Biden administration, would be tasked with steering the world's largest economy as it struggles with mass layo...

by · Economy
China ranks first in debt deferrals to poorest countries

China ranks first in debt deferrals to poorest countries

World Bank President David Malpass on Saturday warned G20 leaders that failing to provide more permanent debt relief to some countries now could lead to increase poverty and a repeat of the disorderly...

by · Economy
Third promising COVID-19 vaccine spurs hopes for quick oil recovery demand

Third promising COVID-19 vaccine spurs hopes for quick oil recovery demand

The global benchmark for oil prices, Brent Crude futures, were up 0.1 percent to Dollars 46.09 per barrel on Tuesday after closing 2 percent higher on the previous day and 5 percent in the previou...

by · Economy
McLaren Artura - new hybrid V6 supercar gets a name

McLaren Artura - new hybrid V6 supercar gets a name

It's likely the first of several newly named models from it. McLaren also provided two close-up rear-end shots showing the new Artura script underneath the McLaren badge. However, the performance ...

by · Economy
Biden Reportedly to Choose Janet Yellen as US Treasury Secretary

Biden Reportedly to Choose Janet Yellen as US Treasury Secretary

If confirmed by the Senate, Yellen will be the first woman to helm the treasury department. She is credited with helping steer the economic recovery after the 2007 financial crisis and ensuing reces...

by · Economy
Passengers will need vaccine proof for worldwide flights, warns Qantas boss

Passengers will need vaccine proof for worldwide flights, warns Qantas boss

He added: "I think that's going to be a common thing talking to my colleagues in other airlines around the globe". However, the country is unlikely to fully reopen to worldwide travellers until a v...

by · Economy

Begley has largest school outbreak in Ontario with 26 confirmed COVID cases

With 26 confirmed cases of COVID-19 at F.W. Begley Public School, the now-closed Windsor school leads the province with the largest outbreak on record. There are 352 active cases in the region. One wa...

by · Economy

"Will Spare No Effort": G20 Leaders On Fair Access To Covid Vaccines

In the final communiqué released by G20 summit host Saudi Arabia , the leaders of the world's most advanced economies promised financial assistance to see to it that countries in Africa and small i...

by · Economy
Petrol, diesel price hiked for second day in a row

Petrol, diesel price hiked for second day in a row

Petrol prices had been static since September 22, and diesel rates hadn't changed since October 2. The price of petrol in Delhi was hiked to Rs 81.38 per litre from Rs 81.23, according to a notificati...

by · Economy

Apple unveils new iPhones for faster 5G wireless networks

Apple said the phones should be more durable. The iPhone 12 Pro has 6.1 inch Super Retina XDR display, while the Pro Max has 6.7 display. Incidentally, the 6.7-inch display, if it happens, will be the...

by · Economy
Coronavirus | Serum Institute of India stocking emergency doses of COVID-19 vaccine

Coronavirus | Serum Institute of India stocking emergency doses of COVID-19 vaccine

Covishield has been developed at the SII Pune laboratory with a master seed from Oxford University/Astra Zeneca. The process, however, is contingent on robust efficacy data from Astrazeneca's trials i...

by · Economy
Bound 2021 Ducati Supersport 950 Unveiled

Bound 2021 Ducati Supersport 950 Unveiled

Powering the 2021 Ducati Supersport 950 and 950S is the same 937cc L-twin engine which now complies with the stringent Euro 5 emission regulations. Ducati has dusted off the familiar "SP" (Sport ...

by · Economy
Second Day of G20 Leaders' Virtual Summit

Second Day of G20 Leaders' Virtual Summit

German Chancellor Angela Merkel urged G20 leaders to remain united in the fight against coronavirus on Saturday, telling a virtual summit that more needs to be done to beat the pandemic . The Europ...

by · Economy
Covid-19 Vaccine from Beijing Appears Safe, Initial Shows Good Response

Covid-19 Vaccine from Beijing Appears Safe, Initial Shows Good Response

Essential workers and other groups vulnerable to the virus have been included in the program, which was launched in July, with three COVID-19 vaccine candidates. Phase II vaccine trials provide impo...

by · Economy

Google and Facebook offer employees work from home till December

Reports have claimed that the chief executive officer at the world's largest search engine, Sundar Pichai, told employees at a meeting that many of them wouldn't be seeing the office until 2021 . Wh...

by · Economy
Spike in cases delays Singapore-Hong Kong travel bubble

Spike in cases delays Singapore-Hong Kong travel bubble

Hong Kong announced Saturday a delay of at least two weeks to the air travel bubble as the city confirmed 43 new cases - including 13 cases that officials have not been able to trace. Under the ...

by · Economy
Treasury, Fed clash over unused funds

Treasury, Fed clash over unused funds

US President Donald Trump's administration on Thursday moved to end several emergency pandemic lending programs at the Federal Reserve, triggering a rare public rift when the central bank objected to ...

by · Economy
Mercedes-Maybach S-Class world premiere

Mercedes-Maybach S-Class world premiere

The ultra-luxury limousine is expected to arrive in the global markets by late 2021. Let us just say it will not be cheap. However, the seat belt extenders in the new Maybach S-Class emerge as soon as...

by · Economy
RBI Report Could Help Big Businesses Launch and Promote Banks

RBI Report Could Help Big Businesses Launch and Promote Banks

India's banking sector could be in for an overhaul if the RBI implements a report authored by its internal working group on private bank ownership. The panel said large corporate or industrial hou...

by · Economy
Apple agrees to settle iPhone throttling lawsuit for $113M

Apple agrees to settle iPhone throttling lawsuit for $113M

It was a scandal that was fittingly dubbed as " batterygate " and it led to a class action lawsuit. But Arizona Attorney General Mark Brnovich wrote in a court document made public on Wednesda...

by · Economy