Economy

Crude oil prices slip in cautious trading ahead of OPEC+ meeting

Crude oil prices slip in cautious trading ahead of OPEC+ meeting

Futures were 0.7 per cent lower in NY. Asia's recovery, meanwhile, gathered pace. "OPEC+ is stuck between a rock and a hard place because near-term indicators show Europe and US demand is weak...

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China's manufacturing PMI rises in November_china

China's manufacturing PMI rises in November_china

The new export order and import sub-indexes climbed to 51.5 and 50.9 in November, up 0.5 points and 0.1 points respectively from the previous month. This was higher than October's reading of 51.4, a...

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Canada to add to record deficit in pandemic recovery attempt

Canada to add to record deficit in pandemic recovery attempt

The government has spent hundreds of billions to support out-of-work Canadians and businesses that were forced to close temporarily. The government will run a deficit of at least $381 billion, accor...

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Hydrogen-powered Nikola Badger pickup canceled amid company issues

Hydrogen-powered Nikola Badger pickup canceled amid company issues

Instead, GM will merely provide fuel-cell technology. But shortly after that deal was announced, a short seller released a report leveling allegations of fraud and exaggeration against the company a...

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Fresh Attitude baby spinach recalled over possible salmonella risk

Fresh Attitude baby spinach recalled over possible salmonella risk

The Canadian Food Inspection Agency says the products in question were sold in stores across Ontario up to and including November 27. The following products have been sold in Ontario, Quebec, and Ne...

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Canada bans mass exports of prescription drugs

Canada bans mass exports of prescription drugs

President Donald Trump in July and set to take effect on Monday, is meant to lower drug prices for Americans but comes at a time when the COVID-19 pandemic has increased demand for some medicines. ...

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Nova Scotia reports 10 new cases of COVID-19 Sunday

Nova Scotia reports 10 new cases of COVID-19 Sunday

A news release said the case had just been confirmed. He heard back from the Nova Scotia health officials later that evening and after learning more details he opted to voluntarily close the Espla...

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S&P Global to buy IHS Markit in $44 billion deal

S&P Global to buy IHS Markit in $44 billion deal

IHS has a market value of around $36.88 billion based on the stock's last close on Friday, a Reuters calculation showed, with its share price up around 22 per cent so far this year. Once the deal is c...

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OPEC reaches consensus to extend oil cuts by three months, Algeria says

OPEC reaches consensus to extend oil cuts by three months, Algeria says

After a video conference lasting about four hours, there had been no opposition to the proposed delay, but delegates said there was still no consensus about the precise terms of the extension. "While ...

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Moderna shares set to soar after more successful vaccine trial data

Moderna shares set to soar after more successful vaccine trial data

Still, an extra 100-plus cases and the percentage has moved down only very slightly, and Moderna added efficacy against severe COVID-19 was 100%. Moderna announced Monday it will ask the Food and...

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Petrol price has crossed Rs 90 per litre mark in these cities

Petrol price has crossed Rs 90 per litre mark in these cities

In April 2016, the Ministry of Energy and Industry had started pegging the fuel prices to the global market and from September 2017, it is Qatar Petroleum who is announcing the monthly price list. The...

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Black Friday looks very different this year. Here's why analysts are optimistic

Black Friday looks very different this year. Here's why analysts are optimistic

Shopping moved online this year in a big way, as customers spent $ 9 billion - or $27.50 per person - on Black Friday, up 21.6% from last year when they spent $7.4 billion, Adobe Analytics noted. O...

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Small Business Saturday brings extra support to local shops during pandemic

Small Business Saturday brings extra support to local shops during pandemic

The pandemic has put stress on many in the business world financially. Like other businesses that were deemed "non-essential", The Flag Store was closed for 10 weeks earlier this year. One of the bu...

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Australia demands China apology for ‘repugnant’ Afghan tweet

Australia demands China apology for ‘repugnant’ Afghan tweet

The image, set against a backdrop of the Australian and Afghan flags, was shared on Monday morning Beijing time from Chinese Foreign Ministry spokesman Zhao Lijian's verified Twitter account with the ...

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Microsoft may allow employees to work from home permanently

Microsoft may allow employees to work from home permanently

If you still aren't sold on this, you could follow the example of several leading technology companies like Facebook, Google and Microsoft , the latter of which is now allowing its employees to wo...

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Alpine Christmas Tree Farm officially opens on Black Friday

Alpine Christmas Tree Farm officially opens on Black Friday

For many families, getting a live Christmas tree is a tradition. YouTube series, to make an instructional video for newbies on how to shop for and put up a real tree , then keep it alive. "You'll wan...

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United Kingdom government secures additional 2 million doses of Moderna COVID-19 vaccine

United Kingdom government secures additional 2 million doses of Moderna COVID-19 vaccine

Britain is set to approve the Covid-19 vaccine developed by BioNTech SE and Pfizer Inc next week and deliveries would begin within hours of the authorisation, the Financial Times reported yesterda...

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Tony Hsieh, former Zappos CEO and 'tremendous visionary,' dies at 46

Tony Hsieh, former Zappos CEO and 'tremendous visionary,' dies at 46

Hsieh was a Harvard Graduate who first worked for the Las Vegas-based company in 1999, back when it was named ShoeSite.com, according to The LA Times . He was apparently visiting his family in CT at ...

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Amazon employees in line for $500m recognition bonus

Amazon employees in line for $500m recognition bonus

Like many of its rivals in the retail business, who had offered peril pay as an incentive for their workers so that they can still work in this pandemic, Amazon discontinued its bonuses after an eco...

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Philip Green's Arcadia 'on brink of collapse'

Philip Green's Arcadia 'on brink of collapse'

Sir Philip Green's Arcadia Group who own Topshop, Burton and Dorothy Perkins are facing collapse within days. Sky cited one retail industry figure as saying Arcadia's collapse had become inevitabl...

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Wall St gains, Nasdaq hits record high as holiday shopping begins

Wall St gains, Nasdaq hits record high as holiday shopping begins

Retailers opened their doors to Black Friday shoppers, with social distancing practices and other measures put in place to mitigate infection risks, while offering steep discounts. For the week, the D...

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Uber, Ola surge price capped; 10-hour break must for taxi drivers

Uber, Ola surge price capped; 10-hour break must for taxi drivers

Aggregators may give pooling offices to riders whose subtleties and KYC are accessible who will go along a similar course yet with differed stoppages starting with one point then onto the next under a...

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Amazon Workers From 15 Countries To Protest Black Friday Sales

Amazon Workers From 15 Countries To Protest Black Friday Sales

Amazon, led by CEO Jeff Bezos, is projecting record-smashing holiday sales. "As Amazon approaches its busiest time of year with Black Friday and Christmas, we are urging the company to respect the...

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Ontario reports record-breaking COVID-19 cases with more than 1800 infections

Ontario reports record-breaking COVID-19 cases with more than 1800 infections

The current growth in cases is up to 1.1% and Ontario could easily see up to 1,200 cases a day next month, but it falls far short of the worst case scenario of 9,000 cases a day. Under the province's ...

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NHTSA opens investigation into Tesla suspension failures

NHTSA opens investigation into Tesla suspension failures

On Friday China's State Administration for Market Regulation said the latest recall affects Model X cars produced between March 16 and July 31 in 2016. A defect can cause suspension arms to break. ...

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Oil prices settle mixed ahead of OPEC+ meeting

Oil prices settle mixed ahead of OPEC+ meeting

Earlier in the session, the US futures contract fell more than 1% amid concerns about oversupply and doubts about a vaccine to end the coronavirus pandemic, but at the mid-session, the market is tradi...

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Hyundai Bayon: T-Cross and Puma rival coming in 2021

Hyundai Bayon: T-Cross and Puma rival coming in 2021

Hyundai is being coy on details for the time being, only mentioning its name originates from the city of Bayonne located in the southwest of France. Going by the leaks, the design of the Bayon SUV app...

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Stocks rise on Wall Street as S&P 500 hits at record high

Stocks rise on Wall Street as S&P 500 hits at record high

Stocks and index ETFs are attempting to make a run following the Thanksgiving holiday, as Black Friday looks to close out a robust week of gains. Although European bourses were subdued by doubts ar...

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China targets Australian wine, says ties have taken ‘nosedive’

China targets Australian wine, says ties have taken ‘nosedive’

In an interview to the Sydney Morning Herald (SMH) on November 26, Tom Tugendhat, chairman of Britain's Foreign Affairs Committee expressed deep solidarity with Australia as that country finds its...

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Facebook : cryptocurrency Libra to launch as early as January but scaled back

Facebook : cryptocurrency Libra to launch as early as January but scaled back

According to the report which cites three unidentified people involved in the cryptocurrency , the association is now going to launch only a single currency based on the United States dollar, the r...

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35,000 Fraudulent Unemployment Claims Filed for California Prison Inmates, Including Scott Peterson

35,000 Fraudulent Unemployment Claims Filed for California Prison Inmates, Including Scott Peterson

Schubert listed a number of inmates there who had claims filed in their names, including Stayner, convicted of killing four people in or near Yosemite National Park in 1999; Susan Eubanks , a San Die...

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China Blacklist Strands Australian Coal Exports

China Blacklist Strands Australian Coal Exports

More than US$500 million (S$669.26 million) worth of Australian coal and about 1,000 crew on the ships are stuck after China blacklisted a wide swathe of Australian commodities and foodstuffs, amid wh...

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Q2 GDP numbers surprise positively, likely to give impetus to market

Q2 GDP numbers surprise positively, likely to give impetus to market

In line with analyst estimates for its performance in the July-September quarter (Q2) of 2020-21, the Indian economy contracted 7.5 per cent from the same quarter previous year, official data releas...

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Disney to lay off 32000 USA workers in 2021

Disney to lay off 32000 USA workers in 2021

Majority of the employees getting fired at working at Disney's theme parks, spread all across the US. "Due to the current climate, including Covid-19 impacts, and changing environment in which we ar...

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Almost 1 million Crock-Pot pressure cookers recalled for burn risks

Almost 1 million Crock-Pot pressure cookers recalled for burn risks

The 6-quart multi-cookers were also sold online on Amazon and other retailers from July 2017 through November 2020. "Consumers who continue using the multi-cooker in pressure cooker mode while waiti...

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