Tuesday April 7-th, 2020

Powell sees cooler US hiring in possible hint of rate cuts Powell sees cooler US hiring in possible hint of rate cuts

He suggested that the purchases would be made up of Treasury bills and stressed that the buying should not be seen as a return of the crisis-era quantitative easing programs that the Fed engaged in a decade ago to boost the economy. "The next FOMC me...

European Union ready to make European Union ready to make "major concession" on Brexit deal

An EU summit, with Brexit on the table, is due next week and Johnson is has vowed to take the country of the EU by October 31 - without delay. After the UK failed to leave the bloc on 29 March, due to the withdrawal deal being voted down by UK lawm...

Singapore beats USA in world competitiveness Singapore beats USA in world competitiveness

Socioeconomic Planning Secretary Ernesto Pernia Jr said the government was taking steps to improve the Philippines' score, citing recent reforms such as the Ease of Doing Business Law. voiced concerns that the country is becoming less open to global ...

IS militants hit US-backed Kurdish fighters in north Syria IS militants hit US-backed Kurdish fighters in north Syria

A Syrian war monitoring group, the United Kingdom -based Syrian Observatory for Human Rights, reported Wednesday that people were fleeing the border town of Tal Abyad, which Turkey is expected to attack first. It also called on the worldwide communit...

US Supreme Court Sides With Apple Over University of Wisconsin US Supreme Court Sides With Apple Over University of Wisconsin

The patent was filed back in 1998 and is called Table and is based on a data speculation circuit for parallel processing computer. WARF, which helps patent and commercialize the university's inventions, claimed that Apple incorporated the technolo...

Crude oil prices down 23% from its 2019 peak Crude oil prices down 23% from its 2019 peak

U.S. West Texas Intermediate crude futures were down 0.6 percent at $52.45 a barrel. All eyes are now on US-China trade talks this week where fresh efforts are anticipated to work out a deal. Crude inventories in the United States are expected to...

OYO to raise $1.5 bn in latest round of funding OYO to raise $1.5 bn in latest round of funding

The start-up has faced criticism for driving down room rates in the country at a time when economic growth is slowing. The company said that it operated with a high level of "integrity, transparency and commitment" with its partners. OYO said that ...

Domino's Warns Sales Growth May Slow Domino's Warns Sales Growth May Slow

Worldwide same-store sales growth also slowed, rising 1.7%, the 103rd-straight quarter of same-store sales growth. Other companies are starting to do the same. Domino's now expects global retail stores to see 7% to 10% sales growth in the next two ...

Effect of global economic slowdown ‘more pronounced’ in India Effect of global economic slowdown ‘more pronounced’ in India

So far, the repercussions have included broken supply chains and a growing digital divide. The IMF was set to raise funding quotas in a way that would more accurately reflect China's position in the global economy and therefore have it replace J...

United States producer prices drop 0.3% in September United States producer prices drop 0.3% in September

The producer-price index, a measure of the prices that businesses receive, tumbled a seasonally adjusted 0.3% in September from the previous month, its weakest reading since January, the Labor Department said Tuesday. Wholesale food prices rebounded ...

Twitter recycled 2FA phone numbers to tailor ads Twitter recycled 2FA phone numbers to tailor ads

This would basically allow advertisers to match customers with appropriate ads by tallying their own list of email addresses and phone numbers with ones the user has provided to Twitter. Feels like someone's trying to distance themselves from the sit...

Brexit deal 'essentially impossible' after PM's call with Merkel, source claims Brexit deal 'essentially impossible' after PM's call with Merkel, source claims

You don't want a deal, you don't want an extension, you don't want to revoke. The Prime Minister's official spokesman acknowledged there had been a "frank exchange" with Mrs Merkel and that the talks had reached a "critical point", but refused to b...

Trump says despite pullout plan USA has not 'abandoned the Kurds' Trump says despite pullout plan USA has not 'abandoned the Kurds'

American and Turkish soldiers had been conducting joint patrols in a zone along the border, while Kurdish fighters dismantled fortifications amid assurances that Turkey would not invade. President Donald Trump says he'll meet with Turkish Presiden...

UK Player Wins £169m EuroMillions Jackpot After Matching All Winning Numbers UK Player Wins £169m EuroMillions Jackpot After Matching All Winning Numbers

Players don't normally win such high prizes for matching five numbers and one lucky star. According to the paper's 2019 rankings , the winner's wealth eclipses that of singers Sir Tom Jones and Calvin Harris - who are both worth £165m - and Ed She...

Delta: Woman without ticket boards flight in Orlando

Cell phone audio recordings of the incident show the woman telling the flight's personnel that she had thrown away her boarding pass before getting on the plane. TSA agents and canines also extensively searched the plane. 'How she got in that air...

United Kingdom debt to increase to record level if no-deal Brexit United Kingdom debt to increase to record level if no-deal Brexit

The UK - with a current debt of around 85.3 per cent of GDP - plans to leave the European Union (EU) on October 31, with Prime Minister Boris Johnson determined to exit on this date even if no deal was reached. Without the maintenance of tariff p...

Nissan names Makoto Uchida as next CEO Nissan names Makoto Uchida as next CEO

Uchida will be joined by newly appointed Chief Operating Officer (COO) Ashwani Gupta , now COO of junior partner Mitsubishi Motors Corp, in trying to revive a business hit by plunging profits and management scandal. Saikawa was forced to step do...

Samsung's profits 'bottom out' on low demand for its memory chips Samsung's profits 'bottom out' on low demand for its memory chips

Samsung Electronics said on Tuesday it expected operating profits to drop more than 50 percent in the third quarter as it struggles with a long-running slump in the global chip market. However, despite an increase in DRAM shipments, the earnings of ...

China gold reserves rise China gold reserves rise

This puts China's gold reserves at around US$93 billion (S$128.5 billion). In tonnage terms, the latest inflow totals 5.9 tons, and follows the addition of about 99.8 tons over the prior nine months. Official data also showed that China's foreign exc...

Dick’s Sporting Goods has destroyed $5 million worth of weapons, CEO says Dick’s Sporting Goods has destroyed $5 million worth of weapons, CEO says

Walmart made a decision to stop selling assault-style rifles four years ago and stopped selling ammunition in August after a mass shooting at one of its stores in El Paso, Texas. If we really think these things should be off the street, we need to de...

Hong Kong Exchanges and Clearing Limited drops takeover bid for London peer Hong Kong Exchanges and Clearing Limited drops takeover bid for London peer

The takeover would have derailed the 321-year-old City institution's own $27bn (£22bn) deal to buy financial data provider Refinitiv . The London Stock Exchange turned down the whopping $36 billion bid, citing accusations that the Hong Kong exch...

Final stretch for stranded Thomas Cook passengers Final stretch for stranded Thomas Cook passengers

According to the CAA, the operation involved 150 aircraft from 50 partners around the world along with a CAA staff of more than 400 people. Some users received error messages while attempting to input their details. The CAA aims to pay refunds with...

SIG slumps on profit warning as United Kingdom construction weakens SIG slumps on profit warning as United Kingdom construction weakens

Building materials supplier SIG issued a profits warning on Monday, citing deteriorating markets caused by Brexit worries and a weaker German economy. Building Solutions, which past year reported revenue of £60m (€67.3m) and profit of around £3.3m ...

Miami Airport: Passenger arrested after forcing himself onto American Airlines flight

A passenger on the plane, Ari Teman, told Local 10 News that the man was screaming that it was his plane and that he was the Federal Bureau of Investigation. Law enforcement officials say they were initially called in reference to a ticketed passen...

Kroger, Walgreens to stop selling e-cigarettes in US Kroger, Walgreens to stop selling e-cigarettes in US

Kroger said it will stop selling e-cigarettes after it sells through its current inventory. Flavored e-cigarettes have become increasingly popular in recent years, especially among younger vapers, causing concern among health officials and governme...

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