Economy

Walmart Canada Is Giving All Of Its Employees An Appreciation Bonus

Walmart Canada Is Giving All Of Its Employees An Appreciation Bonus

Walmart is delivering an additional $700 million in cash bonuses to USA associates this holiday season for their "sustained commitment" during the coronavirus pandemic . The first portion of the $700...

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95% of Ripple’s customers are not from the US, CEO Garlinghouse says

95% of Ripple’s customers are not from the US, CEO Garlinghouse says

And in the absence of clear SEC guidance, USA investors are cautious over investing in XRP. "95% of our customers are non-U.S. customers, and only about 5% are here in the U.S.", Garlinghouse repo...

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Kia recalling 295,000 vehicles due to risk of engine fires

Kia recalling 295,000 vehicles due to risk of engine fires

The recall covers certain 2012 Santa Fe SUVs, 2015 and 2016 Veloster cars, and Sonata Hybrid cars from 2011 through 2013 and 2016. The bearings can wear out early, which can lead to engine failure...

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Wall Street heads back toward highs despite dour jobs report

Wall Street heads back toward highs despite dour jobs report

First-time US claims for jobless benefits fell last week, but remained extraordinarily high at 712,000, while a separate survey showed USA services industry activity slowed to a six-month low in Novem...

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Support coalescing around $900 billion coronavirus stimulus plan

Support coalescing around $900 billion coronavirus stimulus plan

Cnet.com highlighted the following items that could be in a second stimulus package. The $908 billion proposal would provide $160 billion for state and local governments , $288 billion for small b...

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Google Artificial Intelligence researcher's exit sparks ethics

Google Artificial Intelligence researcher's exit sparks ethics

Jeff Dean, Google's head of AI, defended the decision in an internal email to staff on Thursday, cited by the Financial Times , saying the paper "didn't meet our bar for publication", and noting th...

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Bahrain becomes second country to approve COVID-19 vaccine by Pfizer

Bahrain becomes second country to approve COVID-19 vaccine by Pfizer

The island kingdom of Bahrain is said to be the second nation in the world to grant an emergency-use authorization for the coronavirus vaccine. Texas health officials Friday moved nursing home resid...

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Ryanair orders 75 Boeing 737 Max planes to add to fleet

Ryanair orders 75 Boeing 737 Max planes to add to fleet

The airline's order of 75 aircraft was all for the special MAX-8200 variant. 737 Max 8-200 passenger jets in a deal worth about $9.4 billion at the list price of $124.8 million per plane. A total of...

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Initial Nevada unemployment claims lowest since March

Initial Nevada unemployment claims lowest since March

The number of Ohioans applying for unemployment claims remains high despite a slight week-over-week decrease in initial filings, according to figures released Thursday. The release said the PEUC progr...

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Australia's Macquarie Group to buy Waddell & Reed Financial for $1.7 bln

Australia's Macquarie Group to buy Waddell & Reed Financial for $1.7 bln

The deal is the company's first large acquisition under new Macquarie chief executive officer Shemara Wikramanayake, who previously led the asset management unit that made the acquisition. Shares in M...

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TV execs to get United Kingdom quarantine exemption

TV execs to get United Kingdom quarantine exemption

Beginning Saturday, England will no longer require "high-value" business executives arriving for work purposes to quarantine upon arrival, British transport secretary Grant Shapps announced on Thurs...

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Simon Coveney sees 'good chance' of Brexit deal within days

Simon Coveney sees 'good chance' of Brexit deal within days

Speaking on condition of anonymity, the diplomat said Barnier did not specify a date by which an agreement must be clinched, but time will be needed for all 27 member states and the European Parliamen...

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OPEC+ agrees to increase output by 500,000 barrels a day in January

OPEC+ agrees to increase output by 500,000 barrels a day in January

The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries decided at a meeting on Thursday to increase oil production by 500,000 barrels per day (bpd) in January 2021. "For...

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HDFC Bank ordered by RBI to suspend new digital products on outages

HDFC Bank ordered by RBI to suspend new digital products on outages

The notification adds that the regulator's order asks the lender's board of directors to examine the lapses and "fix accountability". The bank added it would look into the critical observations made...

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UK services activity drops less than feared in second lockdown -PMI

UK services activity drops less than feared in second lockdown -PMI

The U.S. services sector, where most Americans work, registered its sixth consecutive month of expansion in November. A number above 50 indicates an expansion in activity, while a figure below that ...

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Sen. McConnell: Compromise on COVID-19 stimulus bill is within reach

They added: "Of course, we and others will offer improvements, but the need to act is immediate and we believe that with good-faith negotiations we could come to an agreement". He said his transition ...

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Most Small Business Aid Went to Bigger Businesses

Most Small Business Aid Went to Bigger Businesses

This past Tuesday, in response to a Freedom of Information Act lawsuit filed by 11 news organizations, the Small Business Administration (SBA) released the latest data concerning the loans from th...

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Joe Biden names all-female senior White House press team

Joe Biden names all-female senior White House press team

Anita Dunn, a top Biden campaign aide, told the Post that Biden's team chose to announce the female-led group at once to signal that the various top administration offices will work in tandem in a ...

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Pelosi, Schumer back $908B pandemic relief bill

Pelosi, Schumer back $908B pandemic relief bill

President-elect Joe Biden also endorsed the bipartisan proposal, saying it would be a "down payment" on larger bill to come once he takes office. Key Senate moderates rallied behind a scaled-back fram...

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Hyundai’s E-GMP EV platform with 499 km range revealed

Hyundai’s E-GMP EV platform with 499 km range revealed

This means, says Hyundai , that any vehicle using the E-GMP platform will benefit from an additional 5% driving range from the same battery size than previous Hyundai Motor Group EV drivetrains. Fo...

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Some member states becoming jittery as we enter Brexit endgame — EU Diplomat

Some member states becoming jittery as we enter Brexit endgame — EU Diplomat

Face-to-face discussions resumed in London over the weekend, after chief European Union negotiator Michel Barnier left self-isolation following a colleague's positive Covid-19 test last week. "W...

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RBI seen holding rates; liquidity stance watched

RBI seen holding rates; liquidity stance watched

In the October meeting, Saggar had said that while inflation is above the upper tolerance band, it is not monetary in nature and that supply disruption in food, increase in taxes on fuel and liquor an...

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Senate GOP leader sticking with partisan virus relief plan

Senate GOP leader sticking with partisan virus relief plan

Republican Senator Susan Collins of ME has said that "it is absolutely essential that we pass emergency relief". And thirdly, if a bill is not passed by December 11th, there will be a government shutd...

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Major Stock Indexes Hover Near Record Highs on Wall Street

Major Stock Indexes Hover Near Record Highs on Wall Street

Pfizer and BioNTech said they've won permission for emergency use of their COVID-19 vaccine in Britain, the world's first coronavirus shot that's backed by rigorous science and a major step toward ...

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OECD sees global economy turning the corner on coronavirus

OECD sees global economy turning the corner on coronavirus

That is likely to lead to further declines in economic activity in the short term in some countries, especially in Europe. It predicts the global economy will shrink about 4.2 per cent this year and...

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Facebook acquires start-up Kustomer for $1bn

Facebook acquires start-up Kustomer for $1bn

Kustomer has already worked with Facebook . Facebook states that its goal is to make customer easy. In doing so, Facebook will act as a service provider at the instruction of business custom...

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Angela Merkel ‘still hopeful’ for a Brexit deal

Angela Merkel ‘still hopeful’ for a Brexit deal

In any event, negotiations are reportedly 95% done (it's always that last 5% that's the most hard!), with the final sticking points relating to state aid, fair competition, fishing rights, and confli...

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McConnell Rejects New Bipartisan Coronavirus Relief Proposal

McConnell Rejects New Bipartisan Coronavirus Relief Proposal

He added that there would still be talks about "some additional package of some size". Joe Manchin, D-W.Va., Mark Warner, D-Va., Michael Bennet, D-Colo., and Dick Durbin, D-Ill., the Senate's No. "Our...

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Qantas cuts 2000 jobs with outsourcing of ground handling

Qantas cuts 2000 jobs with outsourcing of ground handling

Qantas Group reported a $2.7 billion loss in FY 2020 while suffering a $4 billion hit to its revenue, the financial results showed. In a statement Qantas said it notified the impacted workers thi...

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Alia Bhatt pens poem for sister Shaheen's 32nd birthday

Alia Bhatt pens poem for sister Shaheen's 32nd birthday

The report further states that Alia has entrusted interior designer and producer Gauri Khan with the task of doing the interiors. Alia Bhatt already has a 2,300 square foot apartment in Juhu f...

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Former Kent MP 'dismayed' at own party over Brexit bill

Former Kent MP 'dismayed' at own party over Brexit bill

There have been suggestions that No 10 could avoid a clash with the White House by leaving the legislation if a trade deal is brokered with the EU. The House of Lords voted 433 to 165 to remove a ke...

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Late-stage trial data shows COVID-19 vaccine is over 90% effective

Late-stage trial data shows COVID-19 vaccine is over 90% effective

The initial analysis looked at first 94 confirmed cases among over 43,000 volunteers who either received two doses of the vaccine or placebo. Prof Ghani said: "These new results represent the firs...

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Biden fills Yellen-led economy team, risks clash on budget chief

Biden fills Yellen-led economy team, risks clash on budget chief

If confirmed, Yellen would be the first woman to be treasury secretary. She has previously been confirmed by the Senate as a member of the CEA in 2009. Rouse also worked in the Obama administration ...

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OECD Comes out with Prognosis for World Economies

OECD Comes out with Prognosis for World Economies

This gives the organisation grounds to improve its assessment of the global economic downturn this year to a 4.2% decrease set against a previous estimate in September of a 4.5% slump. " OECD sees 20...

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Governor Jared Polis: My COVID-19 Infection Story

Governor Jared Polis: My COVID-19 Infection Story

He added that "we are likely going to see a surge upon a surge" of cases, based on the number of people who traveled and gathered for Thanksgiving and on those who are expected to shop and attend holi...

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