Economy

Labor Department issues final independent contractor rule

Labor Department issues final independent contractor rule

Independent contracting has also helped many women remain attached to the labor force during this pandemic, which has left millions of workers unemployed and parents forced to be educators and caregiv...

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Google to let staff work from home until end of 2020

Google to let staff work from home until end of 2020

In mid-March, California was one of the first states to issue a stay-at-home order, though Gov. Gavin Newsom on Thursday announced a loosening of some restrictions that would allow certain retailers, ...

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National Express To Temporarily Suspend All Coach Services Until March

National Express To Temporarily Suspend All Coach Services Until March

National Express said all trips through Sunday night will operate as scheduled to ensure that no passengers making vital trips are stranded, while customers whose trips have been cancelled will be con...

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Tesla set to breach US$500b in market value

Tesla set to breach US$500b in market value

Musk is now the world's second-richest person, according to the Bloomberg Billionaires Index . Roughly three-quarters of Musk's net worth comes from Tesla shares . Production of electric vehicle bat...

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China vows to protect firms, decries U.S. ban

China vows to protect firms, decries U.S. ban

Ecommerce titan Alibaba sank nearly four per cent and internet powerhouse Tencent shed 4.7 in morning trade after The Wall Street Journal said officials in multiple government departments were ass...

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Bitcoin Crosses $40,000 Mark, Doubling in Less Than a Month

Bitcoin Crosses $40,000 Mark, Doubling in Less Than a Month

The last US$10,000 move only took four days. The world's most popular digital currency slid to as low as $36,618.36 on Bitstamp exchange, after reaching an all-time high of $40,402.46 in the previ...

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UK-strain infected woman flew to Qld, zero new cases

UK-strain infected woman flew to Qld, zero new cases

Today's results come from over 19,000 tests conducted in the past 24 hours. "She's still testing positive, so that's why we're still following through with her contacts", she said. The Premier decla...

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Tesla Model Y price drops to $43,190 with arrival of Standard Range

Tesla Model Y price drops to $43,190 with arrival of Standard Range

Instead, he said there would be a rear-wheel-drive Long Range version, but such a vehicle has not yet gone on sale. Tesla's new Model Y variants come days after the carmaker beat Wall Street targe...

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United States airline union urges ban on protesters who stormed Capitol

United States airline union urges ban on protesters who stormed Capitol

On Thursday , American Airlines told EW Scripps in an email that they had increased staffing at DC-area airports as a precautionary measure. It's a four and a half hour flight to Phoenix. He urged th...

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North China city Shijiazhuang to be locked down for 7 days

North China city Shijiazhuang to be locked down for 7 days

Shijiazhuang City in north China's Hebei added nine medium-risk COVID-19 areas, in addition to one high-risk region, the Gaocheng district, local health commission announced on Friday. China authori...

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PPP tips to keep from missing out on next round of funding

PPP tips to keep from missing out on next round of funding

The First Draw of PPP loans will be distributed to qualifying borrowers through community financial institutions on Monday, Jan. 11, with the Second Draw on Wednesday, Jan. In Pennsylvania's 7th Congr...

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Alberta lost 11,900 jobs in December following stricter COVID-19 measures

Alberta lost 11,900 jobs in December following stricter COVID-19 measures

Democrats this week won two Senate seats in runoff elections in Georgia, gaining control of the chamber and boosting the prospects for President-elect Joe Biden's legislative agenda. Economist Bre...

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Skoda's upcoming SUV for India is the Kushaq

Skoda's upcoming SUV for India is the Kushaq

The moniker is derived from the Sanskrit word kushak , meaning "king" or "ruler", with the obligatory switch of the final letter to fit the Czech carmaker's SUV naming conventions. A floating touch-b...

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Elon Musk overtakes Amazon’s Bezos to become world’s richest person

Elon Musk overtakes Amazon’s Bezos to become world’s richest person

Tesla Inc (NASDAQ: TSLA ) founder Elon Musk has become the richest person on Earth as shares in the electric vehicle maker continued their eye-popping rise this week. Shares of Tesla surged 5.9% ...

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Brisbane to enter three-day lockdown over single infection

Brisbane to enter three-day lockdown over single infection

The family is now being quarantined in special accommodation overseen by New South Wales ( NSW) health officials. "International air crew to be tested in Australia on arrival". "And it might end ...

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Markets finish week with record highs

Markets finish week with record highs

The AstraZeneca PLC ADR AZN shed 1.41% to $50.19 Thursday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index COMP rising 2.56% to 13,067....

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India's GDP May Contract by 7.7% in FY21: Government

India's GDP May Contract by 7.7% in FY21: Government

The government's annual budget for next financial year, due to be presented on February 1, is expected to increase spending on new roads, ports and provide incentives for manufacturers, to propel th...

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US trade deficit jumps to $68.1 billion in November

US trade deficit jumps to $68.1 billion in November

Goods imports accelerated 3.0% to $214.1 billion, the highest since May 2019. "The fact that the American consumers are back buying a lot of goods means that America's appetite for imported goods is...

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What happened to Byton? Embattled EV startup partners with iPhone maker Foxconn

What happened to Byton? Embattled EV startup partners with iPhone maker Foxconn

The company is also in negotiations with other Chinese electric-car makers on potential collaborations, another person familiar said, who asked not to be identified since the details were not made pub...

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Private Sector Employment Slid by 123K in December

Private Sector Employment Slid by 123K in December

Still, the number of filings has remained well above pre-pandemic levels - plus a continued surge in COVID-19 cases has led some states and localities to reinstate restrictions that have shuttered bus...

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Trump bans 8 more Chinese apps, including Alipay, WeChat Pay

Trump bans 8 more Chinese apps, including Alipay, WeChat Pay

AliPay , WeChat Pay, and the other apps can collect user information, including financial transactions and location data, among other metrics. Many administration officials are eager to cement the har...

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Elon Musk surpasses Amazons Jeff Bezos as worlds richest person

Elon Musk surpasses Amazons Jeff Bezos as worlds richest person

Jeff Bezos had held this title since October 2017. The stock saw surge in buying after analysts at RBC Capital Markets ended bearish call on Tesla Inc . The world's 500 richest people added a record...

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Gold prices today fall, a day after surging ₹1,200; silver rates rise

Gold prices today fall, a day after surging ₹1,200; silver rates rise

U.S. S&P 500 stock futures edged up 0.24%. Democrats won one hotly contested US Senate race in Georgia and pulled ahead in the second by 1200 GMT, edging closer to control of the chamber. The Dow ...

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Stars react to the Georgia US Senate race results

Stars react to the Georgia US Senate race results

As this developed, U.S. Vice President Mike Pence opened a joint session of Congress to formally certify Democratic President-elect Joe Biden's victory, rejecting President Donald Trump's demand...

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World Bank expects Ukrainian economy to grow by 3% in 2021

World Bank expects Ukrainian economy to grow by 3% in 2021

According to the report, the near-term outlook remains "highly uncertain", and different growth outcomes are still possible. The global recovery, which has been dampened in the near term by a resurg...

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Kia Motors unveils new logo, global brand slogan

Kia Motors unveils new logo, global brand slogan

It's been teased for months now, but Kia has finally taken the wraps off its newest logo design . BMW revealed a new logo in 2020, as did Nissan, and Volkswagen the year before, though all four are s...

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Qantas to reschedule global flights to United Kingdom and US

Qantas to reschedule global flights to United Kingdom and US

The government's statement appeared after Qantas Airways opened ticket sales to global destinations, as the positive news about the COVID-19 vaccine worldwide rollout gave hope that the spread of c...

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Electric cars rise to record 54% market share in Norway in 2020

Electric cars rise to record 54% market share in Norway in 2020

Unlike diesel or petrol cars , clean cars are virtually tax-free in the country, making their prices much more competitive, even if other benefits - such as being exempt from tolls and being able to...

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Oil resumes rally as OPEC+ meeting wraps up

Oil resumes rally as OPEC+ meeting wraps up

It highlighted bearish risks and "stressed that the reimplementation of COVID-19 containment measures across continents, including full lockdowns, are dampening the oil demand rebound in 2021". And th...

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US manufacturing surprises to the upside in December, PMI shows

US manufacturing surprises to the upside in December, PMI shows

The ISM's index of national factory activity increased to a reading of 60.7 last month. The six largest manufacturing industries reported strong to moderate growth in December, including fabricated ...

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Litecoin Briefly Flips XRP Market Cap to Become Fourth Largest Cryptocurrency

Litecoin Briefly Flips XRP Market Cap to Become Fourth Largest Cryptocurrency

As the following chart from Coin Metrics illustrates, XRP's 1 million token club had been rising consistently since early 2019 before plunging sharply in late December. Tetragon Financial Group Ltd ...

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Futures edge higher after pullback on Wall Street; Georgia runoffs in focus

Futures edge higher after pullback on Wall Street; Georgia runoffs in focus

Wall Street's fear gauge hit a two-week high on Monday. " Stocks are pulling back from a stunning year of gains", said Brian Reynolds, chief market strategist, at Reynolds Strategy. Adding to the p...

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Tesla appears to have plenty of momentum after meteoric 2020

Tesla appears to have plenty of momentum after meteoric 2020

The automaker delivered 180,570 electric vehicles in the fourth quarter and produced 179,757 vehicles, it said . The auto industry disruptor led by Elon Musk wowed Wall Street yet again over th...

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It's Back to a Brutal Lockdown in England

It's Back to a Brutal Lockdown in England

Schools and colleges in England are to be closed to most pupils until at least half term, Boris Johnson has announced . "We are now in a race between the vaccine and the virus", First Minister Ni...

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NY Stock Exchange begins delisting three Chinese telecom firms

NY Stock Exchange begins delisting three Chinese telecom firms

The companies also get nearly all of their revenue from China. The Hang Seng China Enterprises Index, which reflects the overall performance of mainland securities listed in Hong Kong, ended the day...

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