Thursday February 27-th, 2020

Council 'didn't know' fund would be wound down Council 'didn't know' fund would be wound down

Withdrawals from the fund were frozen as investors started to demand repayment. Link said this "will enable us to return part of investors' cash as soon as possible once the fund begins the winding-up process". Link wrote: "It is not now possible t...

China quarterly economic growth lowest in quarter-century amid Trump trade war China quarterly economic growth lowest in quarter-century amid Trump trade war

China exports dropped by 3.2 percent in September compared to a year earlier, following a 1 percent drop in August , customs data showed. Friday's data marked a further loss of momentum for the economy from the second quarter's 6.2% growth, ...

Alphabet's Wing starts drone deliveries to U.S. homes Alphabet's Wing starts drone deliveries to U.S. homes

The Federal Aviation Administration has granted Wing an expanded Air Carrier Certificate. Wing , which is running the project with Virginia Tech's Mid-Atlantic Aviation Partnership, is collaborating with FedEx Express, Walgreens and the local Vi...

Ford Partners With Electrify America, Others For EV Charging Network Ford Partners With Electrify America, Others For EV Charging Network

The carmaker's first, a 370-mile-range SUV inspired by the Mustang, will come next year. But it's laying the groundwork now, saying every new EV sold will include access to the third-party FordPass Charging Network, comprising 12,000 stations and...

Comparable sales shine at Coca-Cola Comparable sales shine at Coca-Cola

Coca-Cola Company (The) Common Stock had 12 analyst reports since April 24, 2019 according to SRatingsIntel. The shares were sold at an average price of $54.87, for a total transaction of $3,292,200.00. Following the completion of the sale, the seni...

Johnson & Johnson recalls baby powder for asbestos contamination Johnson & Johnson recalls baby powder for asbestos contamination

Shares were down almost 6 per cent in mid-afternoon trading. In a series of investigations by the New York Times and Reuters , internal documents from Johnson & Johnson revealed some company executives anxious about the talcum products, includin...

China Q3 GDP grows 6% YoY, slowest in 27 years

The economy grew 6.6 percent in 2018. China's economic growth has slowed to its weakest in decades, and the rest of the world should be anxious. To give its economy a shot in the arm, Beijing has pushed forward a raft of stimulus measures this ...

Piyush Goyal on Abhijit Banerjee: People rejected NYAY, its ideology Piyush Goyal on Abhijit Banerjee: People rejected NYAY, its ideology

After it was announced that Indian-origin economist and academic Abhijit Banerjee and his wife Esther Duflo won the Nobel Prize in Economic Sciences, former Congress president Rahul Gandhi lauded Banerjee for his work of conceptualising the NYAY ...

Pound drops as Johnson faces battle to pass Brexit bill Pound drops as Johnson faces battle to pass Brexit bill

The report fueled doubts whether Prime Minister Boris Johnson can gain approval from his government and Britain's fractious parliament to exit the European Union with a deal in place. The S&P 500 lost 5.99 points, or 0.20%, to 2,989.69 and the Nasdaq...

Toyota to launch ultra-compact EV and new battery strategy Toyota to launch ultra-compact EV and new battery strategy

Besides the Ultra-compact BEV, Toyota will show its Ultra-compact BEV business concept (single-seater for commercial use with the same specs) and a few other small EVs, shown previously. Toyota says it will focus on expanding its leasing initiative...

Opioid-settlement-opioid-distributor-shares-jump-after-18-billion-settlement Opioid-settlement-opioid-distributor-shares-jump-after-18-billion-settlement

There are six defendants in this case - five major pharmaceutical companies and one retail giant with a sizable pharmaceutical department: Cardinal Health, McKesson, Amerisource Bergen, Actavis (owned by Teva ), Henry Schein and Walgreens.

Saudi Aramco delays IPO Saudi Aramco delays IPO

Analysts said Saudi Aramco wants to reassure investors by first presenting operating results covering the period of the attack, hence the delay. In view of this, a two-week postponement of the IPO "will allow the array of Wall Street bankers advisi...

Barneys to sell assets to Authentic Brands, B. Riley for $271M Barneys to sell assets to Authentic Brands, B. Riley for $271M

Bankruptcy Court in Poughkeepsie. Any further bids must be received before a deadline on October 22, according to the filing. Without further offers by the cutoff time, the organization will proceed with the arrangement with Authentic Brands and B....

'India's economy collapsed under Manmohan Singh': Piyush Goyal 'India's economy collapsed under Manmohan Singh': Piyush Goyal

The government is obsessed with trying to fix blame on its opponent, thus it is unable to find a solution that will ensure the revival of the economy, he said. "I sincerely hope that political vendettas will not be used to settle scores with politici...

China's GDP growth slows to 27-year low

China's National Bureau of Statistics says GDP grew 6.0 percent in July to September, compared to the same period previous year. "However, we must be aware that given the complicated and severe economic conditions both at home and overseas, the slo...

Netflix sees 'modest headwind' created by new streaming rivals

The video-streaming pioneer is bracing for the launch this month of Walt Disney Co's Disney+ and Apple Inc's Apple TV + after years when it has been left largely to develop and garner content from Hollywood studios unthreatened. It cited factors...

Streamers Streamers "all relatively small to linear TV" claims Netflix CEO

On Thursday, Netflix released its third quarter earnings report and said in an accompanying letter to shareholders that it's not particularly anxious about the November launch of Apple TV+ and Disney+. It's predicted that the world will turn from l...

Mastercard and Visa drop support for Facebook Libra Mastercard and Visa drop support for Facebook Libra

A spokesman told the BBC he believed the currency was still on track to launch next year. However, it adds that "addressing such risks is not necessarily a guarantee of regulatory approval for a stablecoin arrangement". Netherlands-based PayU is th...

Juul suspends popular vaping flavors Juul suspends popular vaping flavors

It also comes amid efforts to ban the sale of flavored products in some states. Scott Gottlieb, the former FDA commissioner who declared youth vaping an epidemic , said Juul's decision to continue selling mint and menthol won't solve the problem.

Air Canada to remove 'ladies and gentlemen' from onboard announcements Air Canada to remove 'ladies and gentlemen' from onboard announcements

The reason, of course, is that some people have more complex attitudes to their gender than the majority of humanity, and presumably feel excluded when they hear the greeting "ladies and gentlemen". In 2017, Transport for London told London Undergrou...

Volvo XC40 Recharge: Volvo's first fully electric auto expected in 2020 Volvo XC40 Recharge: Volvo's first fully electric auto expected in 2020

As an added bonus, Volvo is also offering free electricity for a year to those who buy its Recharge plug-in hybrid models. Volvo presented its first battery-electric vehicle , based on the compact SUV XC40. To help achieve that, Volvo's al...

Pence Meets Erdogan to Urge Turkey to End Syria Operation Pence Meets Erdogan to Urge Turkey to End Syria Operation

Pompeo said President Trump had "made the right decision in the moment" to get American troops out of the way hours before Turkey's planned incursion. Mr Pence added that the USA will withdraw punitive economic sanctions on Turkey after a complet...

Brexit deal has been agreed, say Boris Johnson and Jean-Claude Juncker Brexit deal has been agreed, say Boris Johnson and Jean-Claude Juncker

He urged caution as the deal must still pass through the British parliament - which has rejected a Brexit deal three times before. The people of Northern Ireland and Ireland . London School of Economics analyst Tony Travers said Johnson will al...

Netflix shares climb despite slowing subscriber growth Netflix shares climb despite slowing subscriber growth

In the premarket, shares are trading at $309 per share, up from Wednesday's close of $286.29. For the third quarter, Netflix was boosted by new seasons of shows such as " Stranger Things " and "13 Reasons Why". New streaming services are more likel...

UK Prime Minister Says a 'Great New' Brexit Deal is Done

It is possible that he has reason to believe that even if Boris Johnson does comply with the aforementioned legislation requiring him to ask for another delay - which he has somewhat confusingly vowed he will not do, while also insisting his govern...

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