Saturday July 11-th, 2020

Dillons stores part of nationwide chicken recall Dillons stores part of nationwide chicken recall

In releasing the list, the USDA includes its usual caveat, that this list might not be comprehensive and might include some stores that didn't get the recalled product . Signs of listeria include "headache, stiff neck, confusion, loss of balance and ...

Industrial Production Shrinks To Minus 1.1% In August Industrial Production Shrinks To Minus 1.1% In August

This was its first such contraction in 21 months, showing the declining momentum of both investment and consumption. Owing to poor performance by manufacturing, power generation and mining sectors, India's industrial output declined by 1.1 per cent...

GM appeals direct to employees as strike losses pile up GM appeals direct to employees as strike losses pile up

The strike began on September 15 and, by the next day, almost 50,000 union members had stopped reporting to work. Credit Suisse estimated the loss could hit about $1.5 billion. "We will continue to provide information in a straightforward, and import...

Divided UN fails to agree on Turkey's offensive in Syria Divided UN fails to agree on Turkey's offensive in Syria

Cavusoglu said Turkey expects solidarity from North Atlantic Treaty Organisation against the threats it faces. A U.S. soldier who was fighting alongside Kurdish forces in Syria has confessed he is "ashamed for the first time in his career" afte...

Deutsche Bank tells court it doesn't hold Trump's tax returns Deutsche Bank tells court it doesn't hold Trump's tax returns

Trump's lawyers and Deutsche Bank opposed the media request to unseal the letter filed with the court. The Court is now considering whether to overturn a prior NY district court decision, which ruled that the German bank had to comply with subpoe...

Social security benefits are going up again next year Social security benefits are going up again next year

The Social Security Administration announced Thursday that seniors would get a 1.6% raise for 2020, a tiny bump that won't keep pace with the rising cost of prescription drugs and other essentials. Based on that increase, the maximum amount of earni...

Ireland Prepares For The Worst With No-Deal Brexit Budget Ireland Prepares For The Worst With No-Deal Brexit Budget

But even a "relatively benign" no-deal Brexit would see that rise to £100bn, or 4% of national income, while debt would climb to 90% of national income for the first time since the 1960s, the IFS report said. With Britain's latest scheduled exit from...

US, China resume high-level talks to end grueling trade war US, China resume high-level talks to end grueling trade war

Currently, the Trump administration is looking at introducing this previously agreed upon currency accord with China as part of the trade deal that could also see a tariff increase suspended next week, Bloomberg reported, citing sources familia...

Will speak to RBI Governor, Nirmala Sitharaman assures PMC bank depositors Will speak to RBI Governor, Nirmala Sitharaman assures PMC bank depositors

Speaking to reporters at the BJP office in Mumbai , Sitharaman said that the Reserve Bank fo India was the regulator of the crisis-ridden bank. The PMC Bank was put under "directions" by the RBI in September due to weak financial health, wherein t...

US, China start talks aiming for mini deal to ease tariff pain US, China start talks aiming for mini deal to ease tariff pain

White House officials soon responded to the report, however, dismissing any rumors that Liu had plans to leave Washington early and assuaging some of the fears. The talks are expected to be held just days before Washington's planned increase of tra...

Aramco CEO: Attacks had no impact on IPO plans Aramco CEO: Attacks had no impact on IPO plans

Saudi Aramco, the world's biggest oil company, reportedly is expected to file its IPO prospectus by the end of the month. Attacks such as those on September 14, which sent oil prices up as much as 20%, may continue if there is no concerted global r...

Recession fears stoked as United Kingdom manufacturing plunges Recession fears stoked as United Kingdom manufacturing plunges

In contrast, United Kingdom gross domestic product (GDP) grew by 0.2% in the quarter but 1.3% in the year to June 2019. Bank of England Governor Mark Carney said the United Kingdom economy is growing modestly, but warned a no-deal Brexit would we...

Trump says will meet Chinese vice premier Friday Trump says will meet Chinese vice premier Friday

White House officials soon responded to the report, however, dismissing any rumors that Liu had plans to leave Washington early and assuaging some of the fears. Some observers expect the USA and China will reach a partial agreement on some issues. As...

Zuckerberg to testify in US on Facebook digital currency plan Zuckerberg to testify in US on Facebook digital currency plan

While drinking water with an automaton's precision, Zuckerberg's expected to defend Facebook's plans to launch a cryptocurrency.called Libra . The project also faces significant skepticism from global regulators wary of what a digital currenc...

Laramie Brewery Wins Gold Medal At 2019 Great American Beer Fest Laramie Brewery Wins Gold Medal At 2019 Great American Beer Fest

Industry giant Firestone Walker, based in Paso Robles, won a silver medal for "Summer Opal" in the classic saison category. Then the brewery took a gold medal in the Chocolate Beer category with " Old Balltown Bulleit Bourbon Barrel Aged Salted C...

High-level U.S.-China trade talks resume as irritants sour atmosphere High-level U.S.-China trade talks resume as irritants sour atmosphere

Bringing back the agreement could be an early sign US-China relations are warming up after over a year of tariff wars. It would be followed by talks on intellectual property and other so-called "core issues". The two sides have been at loggerheads ov...

Apple withdraws police-tracking app used in Hong Kong protests Apple withdraws police-tracking app used in Hong Kong protests

Apple on Thursday removed a Hong Kong map application used by protesters following a warning by Beijing , the developer said. "We have verified with the Hong Kong Cybersecurity and Technology Crime Bureau that the app has been used to target and a...

China ministerial trade talks to start

On Thursday and Friday, Beijing and Washington are set to engage in the next round of trade talks led by Vice-Premier Liu He on the Chinese side and Trade Representative Robert Lighthizer and Treasury Secretary Steve Mnuchin on the U.S. If negotiat...

China eyes visa curbs for US visitors with 'anti-China' links China eyes visa curbs for US visitors with 'anti-China' links

Traders in the region are concerned trade relations will not improve due to the US blacklisting of 28 more companies and visa restrictions on official envoys. The GBP/USD pair nursed overnight heavy losses to a one-month low, triggered by reports t...

Financial Times: HSBC to Axe Up to 10,000 Jobs in Cost-Cutting Drive Financial Times: HSBC to Axe Up to 10,000 Jobs in Cost-Cutting Drive

Quinn, working with Chief Financial Officer Ewen Stevenson, began working on a cost-cutting plan immediately after his appointment, the person familiar with the matter said. The bank has been running a scheme "Project Oak" directing managers to red...

China is set to end high-level trade talks with USA early - SCMP China is set to end high-level trade talks with USA early - SCMP

With trade talks between the world's two largest economies, the United States and China , about to begin on Thursday, media reports suggest that Beijing is ready to negotiate a partial trade deal. Chinese government officials told Reuters that Beiji...

Hays Travel buys 555 Thomas Cook shops, saving up to 2,500 jobs Hays Travel buys 555 Thomas Cook shops, saving up to 2,500 jobs

One of the UK's largest travel agents has said it will save thousands of jobs at Thomas Cook after a deal to buy all 555 of the company's stores around the UK. Hays Travel has stores on the Island in Shanklin, Ryde and Newport. The agreement will a...

Multinationals face heftier tax hit in biggest overhaul for decade Multinationals face heftier tax hit in biggest overhaul for decade

Researchers found that the additional tax recovered from corporate tax havens would mainly benefit the richest countries.The findings indicate that while there will be a 5% fall in profits booked in tax havens, around 80% of the redistributed profits...

SoftBank’s boss is ‘embarrassed and flustered’ by track record amid WeWork trouble SoftBank’s boss is ‘embarrassed and flustered’ by track record amid WeWork trouble

Two of SoftBank's flagship investments, Uber and WeWork , have both been disappointing recently. SoftBank's performance is increasingly tied to the fortunes of these unproven startups, with the company likely to report chunky writedowns on m...

Crypto Scam Relied On 'Shadow Processor', $1.4trn Lawsuit Alleges Crypto Scam Relied On 'Shadow Processor', $1.4trn Lawsuit Alleges

Roche Freedman filed a class-action suit alleging that the stablecoin firm and affiliated crypto exchange have been involved in defrauding investors, manipulating markets and concealing illicit proceeds, the firm's founding partner Kyle Roche ...

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