Economy

Billionaire Brexiteer picks France over Wales for vehicle factory

In a December 8 news release, Ineos officials described the Hambach facility as being "ideal" for production of the Grenadier . Jörg Burzer, Mercedes' board member for production, said that the sal...

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ADB cuts 2020 PH economic growth forecast

ADB cuts 2020 PH economic growth forecast

The ADB expected Asia's fourth-largest economy to retreat 0.9 percent this year, compared with its September forecast of 1 percent contraction. The report said that East Asia is the exception, with ...

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S&P 500, Dow hit all-time highs on stimulus, vaccine hopes

S&P 500, Dow hit all-time highs on stimulus, vaccine hopes

DoorDash Inc opened at $182 after pricing at $102 per share in its debut on Wednesday after the food delivery startup raised $3.37 billion in one of the biggest US stock market launches so far in 2020...

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United Kingdom signs Singapore trade deal as European Union talks falter

United Kingdom signs Singapore trade deal as European Union talks falter

Britain signed its first major post-Brexit trade deal with Japan in October, but Thursday's agreement is its first with a member of the Association of Southeast Asian Nations. The CPTPP is a free trad...

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European Central Bank set to boost QE purchases and extend duration of stimulus

European Central Bank set to boost QE purchases and extend duration of stimulus

The ECB also extended the period during which banks will get a 1 per cent interest rate from the central bank for borrowing at its long-term cash auctions by one year to June 2022. "The critical ele...

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UK: Honda halts production at Swindon plant over supply chain issues

UK: Honda halts production at Swindon plant over supply chain issues

Auto manufacturer Honda will pause production in the United Kingdom and turn to airfreight to get parts into the country as container ports face gridlock. Current problems are likely to take months t...

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Passenger on 'cruise to nowhere' off Singapore tests positive for coronavirus

Passenger on 'cruise to nowhere' off Singapore tests positive for coronavirus

The patient, wearing a full-length white protective suit, was escorted down the ship's gangway to a waiting ambulance just after 2 p.m. "We do understand that this is not how you planned to spend yo...

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Pope Francis to make historic first Iraq visit

Pope Francis to make historic first Iraq visit

Baghdad Monday welcomed the "historic" visit, describing it as a "message of peace" to Iraq and the entire region. Iraq's foreign ministry said the Pope's visit "represents a historic event and su...

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Uber Sells Self-Driving Unit to Startup Aurora

Uber Sells Self-Driving Unit to Startup Aurora

Having big partners matters because driverless cars aren't just about getting a specialist computer to make driving decisions - the area Aurora has focused on. "Simply put, Aurora will be the compan...

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US Oct. job openings blip up to 6.7 million but hiring slows

Economists expected a month-over-month decline to 6.3 million openings. There were seasonally adjusted 371,000 hires into manufacturing jobs, three thousand fewer than September. About 1.7 workers c...

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China consumer prices drop for first time in over a decade

China consumer prices drop for first time in over a decade

In October this year, the CPI rose 0.5% year-on-year. A Wall Street Journal poll of economist had forecast the CPI to be unchanged. The sharp rise in pork prices in the last three months of 2019...

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Singapore cruise cut short as passenger tests positive for Covid-19

Singapore cruise cut short as passenger tests positive for Covid-19

The patient who tested positive for the virus onboard Quantum of the Seas is, reportedly, a 83-year-old Singaporean. Royal Caribbean and the STB said all guests and crew of the ship who had clos...

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After 70 Years, Ikea Catalog Is History

After 70 Years, Ikea Catalog Is History

Ikea says fewer people were reading the printed catalogue as online shopping soared so they made a decision to "respectfully end the successful career of the Ikea Catalogue". The company will rel...

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House Speaker Pelosi flip flops stance on coronavirus stimulus package

House Speaker Pelosi flip flops stance on coronavirus stimulus package

The comments are a significant departure for McConnell who has insisted on liability limits for months. WASHINGTON ― The House adopted compromise $740.5 billion defense policy bill by a veto-p...

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United Kingdom and EU Reach a Deal on Northern Ireland Border

The Bill will also ensure that European Union goods imported into Northern Ireland from Ireland are not subject to customs duties or processes. However, the DUP's Westminster leader Sir Jeffrey Dona...

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S&P 500, Nasdaq end at new records, extending rally

S&P 500, Nasdaq end at new records, extending rally

The U.K. became the first Western country to start a mass vaccination program after British regulators last week authorized the use of a COVID-19 shot developed by USA drugmaker Pfizer and Germany's B...

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Argentina Senate passes 'millionaire tax' for COVID relief

Argentina Senate passes 'millionaire tax' for COVID relief

Lockdown measures have further dented an economy struggling with unemployment, high poverty levels and massive government debt. The move comes as Argentina faces its third straight year of recession...

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This E-Commerce Platform Becomes The First To Accept China's Digital Yuan

This E-Commerce Platform Becomes The First To Accept China's Digital Yuan

About 100,000 digital cash vouchers, worth 20 million yuan in total, will be issued to residents of Suzhou city in the eastern province of Jiangsu on December 11. It calls its project the Digital Cu...

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Oil prices stumble amidst renewed lockdowns : COVID 19 impact

Oil prices stumble amidst renewed lockdowns : COVID 19 impact

Oil traders are presently nervous about the prevailing circumstances surrounding COVID-19 restrictive measures and lockdowns in key global markets as such moves seem poised to keep crude oil prices un...

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79% male workforce in Elon Musk's vehicle company Tesla , shows diversity report

79% male workforce in Elon Musk's vehicle company Tesla , shows diversity report

However, 79 percent of the community that makes up the workforce is male. "Many of our programs in 2021 will focus on increasing Black and African-American representation, especially in leadership, wh...

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India's Serum Institute seeks emergency use nod for AstraZeneca vaccine

India's Serum Institute seeks emergency use nod for AstraZeneca vaccine

Serum Institute of India (SII) has applied for emergency use authorization of the first Made in India Covid-19 vaccine, Covishield. Whereas, Pfizer and BioNTech on December 2 said that they had wo...

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China's November balance of trade to be released

China's November balance of trade to be released

China's global trade surplus for the first 11 months of 2020 is $460 billion, up 21.4% from this time a year ago, already one of the highest ever recorded. Some firms reported that a strong yuan squee...

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Suzhou Government to Airdrop $3 Million in Digital Yuan for CBDC Trial

JD.COM or Jingdong, the largest online retailer in China, is the latest company to support Chinese digital currency. Winners will receive a so-called "red packet" via an app containing a maximum of 20...

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Denmark's Offshore Oil Output to Drop Faster than Projected

Denmark's Offshore Oil Output to Drop Faster than Projected

Non EU-members Norway and Britain are larger producers, with a bigger presence in the North Sea. In 2019, United Kingdom oil firm BP conducted a study showing that Denmark was pumping 103,000 barrel...

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Pace of job gains slows to 62,000 in November, Statistics Canada says

Pace of job gains slows to 62,000 in November, Statistics Canada says

Additionally, B.C.'s unemployment rate has fallen to 7.1%, well below the national average of 8.5 per cent. The agency said 1.5 million people searched for jobs in November, a small drop of 39,000 f...

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221 new cases of COVID-19 confirmed in Luzerne County on Sunday

221 new cases of COVID-19 confirmed in Luzerne County on Sunday

A total of 57,762 cases have been reported in long-term care centers and 25,892 in correctional facilities. Consistent mask-wearing is critical to preventing the spread of COVID-19. On Saturday night,...

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Petrol Prices on a Rise, Likely to Breach All-Time High Across Country

Petrol Prices on a Rise, Likely to Breach All-Time High Across Country

Petrol prices in India were raised by 27 paise per litre, according to a price notification of oil marketing companies, increasing the price to Rs 83.13 per litre in New Delhi , Rs 84.63 in Kolkata,...

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Britain and European Union resume trade talks in ‘final throw of the dice’

Britain and European Union resume trade talks in ‘final throw of the dice’

European Commission President Ursula von der Leyen holds her notes as she steps away from the podium after making a statement on camera regarding Brexit negotiations, after a phone call with British P...

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Tesla CEO Elon Musk plans to move to Texas from California

Tesla CEO Elon Musk plans to move to Texas from California

Not only he is building Tesla's Giga Texas factory, which is Tesla's 5th Gigafactory in Austin, but also his SpaceX is in Texas as well. California is known to oftentimes condemned by the ...

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UK, EU talks to resume after top phone call

UK, EU talks to resume after top phone call

In a joint statement following their call, Mr Johnson and Ms von der Leyen acknowledged "significant differences" remained on the key issues of fishing rights , competition rules and the governance ...

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Oil producers agree to slight hike in output

Oil producers agree to slight hike in output

The Organization of the Petroleum Exporting Countries (OPEC), and allies, including Russian Federation, together known as OPEC+, resumed talks on 3 December to finalise output policies for the next ye...

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Gold Could Gain on Week on Dollar Woes

Gold Could Gain on Week on Dollar Woes

Gold prices fell ₹ 136 to ₹ 48,813 per 10 gram in the national capital on Friday amid a rupee appreciation and choppy global precious metal prices, according to HDFC Securities. Jateen Trivedi, Senio...

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Facebook, Google will let most employees work from home through 2020

Facebook, Google will let most employees work from home through 2020

Whereas, social media giant Facebook said that it will reopen its offices from July 6, 2020, as the coronavirus-induced lockdowns will gradually be lifted by then. Just yesterday, Satya Nadella-led ...

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Bitcoin Statement by $ 7.4 Trillion BlackRock CEO

Bitcoin Statement by $ 7.4 Trillion BlackRock CEO

In a recent interview with Melissa Lee on "Squawk Box", he disclosed further on "clarity" measure being put in place for cryptocurrency in the next six-to-eight weeks, but said, " nobody's going to ...

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After being fined by U.S., Hyundai recalls more vehicles

After being fined by U.S., Hyundai recalls more vehicles

The recall involves certain 2012 Santa Fe SUVs, 2015 and 2016 Veloster cars, and 2011-2013 and 2016 Sonata Hybrids. But the question is, how does a connecting rod bearing cause a vehicle fire? The...

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