Sunday April 5-th, 2020

Lloyds Banking Group results hit by insurance mis-selling Lloyds Banking Group results hit by insurance mis-selling

The result was weaker than expected. Despite its latest results, Lloyds financial performance has been relatively solid, with the bank battling against a cocktail of headwinds including a competitive mortgage market and a low interest rate enviro...

Mayflower Wind Drops Anchor Offshore Massachusetts Mayflower Wind Drops Anchor Offshore Massachusetts

Extending these critical tax credits will allow the industry to continue to grow while offering immediate benefits to the American consumer. Because at the end of the day, protecting our planet for our children and grandchildren must be our mission.

New battery design 'could fully charge electric cars in 10 minutes' New battery design 'could fully charge electric cars in 10 minutes'

But rapid charging of lithium-ion batteries can degrade the batteries, researchers at Penn State University in the USA say. "We demonstrated that we can charge an electrical vehicle in ten minutes for a 200 to 300 mile range", said Chao-Yang Wang...

Jobs data, trade progress boost S&P, Nasdaq to records Jobs data, trade progress boost S&P, Nasdaq to records

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. The tech-heavy Nasdaq hit a record high for the first time since July, while the benchmark S&P 500 notched its fourth record high this week. Earlier, U.S. Co...

ADP: Private Sector Adds 125,000 Jobs, Above Estimates

Economists surveyed by Refinitiv were expecting 120,000 jobs. Small businesses added a total of 17,000 jobs, although the smallest businesses of between one and 19 employees actually subtracted 12,000 jobs, which was counterbalanced by the 30,000 j...

ISM manufacturing index 48.3 in October - ISM

The New Export Orders Index registered 50.4%, a 9.4-percentage point increase from the September reading of 41%. Concerns about U.S. trade conflicts with China and others remain a factor but have receded, according to the Institute for Supply Man...

Oil Futures Extend Losses To 4th Session, Settle Sharply Lower

Brent for December fell 98 cents to $60.61 a barrel on the London-based ICE Futures Europe Exchange. The United States and China were continuing to work on an interim trade agreement, but it may not be completed in time for USA and Chinese leader...

China may levy over $3bn in annual USA trade sanctions — WTO panel China may levy over $3bn in annual USA trade sanctions — WTO panel

The case began before the 18-month-old trade war between the two nations, which has led to tit-for-tat tariffs covering some US$500 billion in goods going in both directions. The use of anti-dumping duties are permitted under worldwide trade rules as...

Gold Set For Second Weekly Rise On US-China Trade Deal Uncertainty Gold Set For Second Weekly Rise On US-China Trade Deal Uncertainty

Unemployment is near a 50-year low, inflation is moderate, and data earlier on Wednesday showed economic growth in the third quarter slowed but not as sharply as many economists expected and some Fed officials feared. Financial markets, which have ...

Modi, Saudi King to sign key agreements to strengthen ties Modi, Saudi King to sign key agreements to strengthen ties

Prime Minister Modi addressed the Future Investment Initiative Forum, which was attended by the Crown Prince too. Islamabad has unilaterally downgraded bilateral ties and has been attempting to internationalise the Kashmir issue but to no avail.

America Added 128,000 Jobs in October, Unemployment at 3 America Added 128,000 Jobs in October, Unemployment at 3

The jobless rate edged up to 3.6% from a half-century low. A 40-day strike at General Motors, which was one of the largest in decades, pulled down the headline number in October. But low unemployment and steady job growth should continue to suppo...

Fisker's affordable all-electric SUV is called 'Ocean' Fisker's affordable all-electric SUV is called 'Ocean'

Flared arches hint at its performance potential, while the narrow headlights and chrome detailing are a nod to the Fisker Emotion concept seen past year. But it will not technically be "on sale" - even though Fisker in July said that pricing would st...

China rolls out 5G services in race to narrow tech gap China rolls out 5G services in race to narrow tech gap

It notes that China Mobile's entry-level 5G plan is limited to 300Mbps, while users on the 869 yuan per month (~$123) family plan gain access to gigabit speeds. The three firms say they will install more than 130,000 5G base stations at a cost of m...

WeWork's Adam Neumann accused of pregnancy discrimination WeWork's Adam Neumann accused of pregnancy discrimination

She had been anxious for her unborn child "due to his penchant for bringing marijuana on chartered flights and smoking it throughout the flight while in the enclosed cabin". "We are committed to moving the company forward and building a company and c...

Bombardier's Belfast operations sold to Spirit Bombardier's Belfast operations sold to Spirit

The aerospace manufacturer employs about 3,600 people in Northern Ireland . Earlier this year the company said it wanted to do more work for Airbus. Bombardier announced in May that, as part of a streamlining plan, it was looking for a buyer for ...

WTO panel rules India export subsidies illegal, upholds US case WTO panel rules India export subsidies illegal, upholds US case

The other affected schemes are - Merchandise Exports from India Scheme (MEIS), Export Oriented Units Scheme and sector specific schemes, including Electronics Hardware Technology Parks Scheme and Bio-Technology Parks Scheme; Export Promotion Capita...

Cognizant to lay off up to 7,000 staff Cognizant to lay off up to 7,000 staff

In addition to this, Cognizant also announced that it will exit its content moderation business, which will impact another 6,000 jobs. The investigative report by The Verge focused this year on Facebook and revealed how the Cognizant conten...

Coal producer Murray Energy files for bankruptcy Coal producer Murray Energy files for bankruptcy

The company said it has filed motions with the bankruptcy court that when granted will enable day-to-day operations to continue uninterrupted. The coal producer noted it would finance operations with available cash and a $350 million debtor-in-poss...

Facebook Agrees To Pay Fine Over Cambridge Analytica Scandal To Britain Facebook Agrees To Pay Fine Over Cambridge Analytica Scandal To Britain

The investigation focused on Cambridge University researcher Aleksandr Kogan, who had access to vast swathes of Facebook user data and then passed the data to consultancy firm Cambridge Analytica , which worked on campaigns for Brexit and Donald Tru...

Former Juul Finance Executive Alleges Company Shipped 1 Million Tainted Products Former Juul Finance Executive Alleges Company Shipped 1 Million Tainted Products

The allegation comes in a lawsuit filed by the one-time finance executive who was sacked by the vaping giant earlier this year. Breja alleges that when he complained about Juul's refusal to issue a product recall or health and safety notice, Da...

Autoworkers union reaches tentative deal with Ford Autoworkers union reaches tentative deal with Ford

While there had been some preliminary talks between the union and Ford before and even during the GM strike, Ford negotiations only moved to the front burner for the union on Monday. The GM deal also includes an $11,000 signing bonus and scraps a cap...

Customer gifts O’Fallon, Mo. bartender a $50,000 Powerball ticket Customer gifts O’Fallon, Mo. bartender a $50,000 Powerball ticket

The bartender said she then remembered the ticket given to her by a customer Saturday. 'Russey's ticket is the 40th $50,000 victor sold in Missouri and the second sold in O'Fallon in 2019, ' Missouri Lottery said. Checking her ticket, Taylor Russey...

Indian airline places record order with Airbus Indian airline places record order with Airbus

It had placed an order for 100 Airbus A320-200 aircraft in 2005, followed by 180 Airbus A320 aircrafts, in a deal worth $15 billion in 2011 followed by largest deal of 250 Airbus A320neo aircraft for $27 billion in 2015. "We are grateful for ...

Hong Kong in recession as GDP plunges 3.2% in third quarter Hong Kong in recession as GDP plunges 3.2% in third quarter

Authorities in Hong Kong tightened security and braced for potential evening clashes between masked "Halloween" pro-democracy protesters and fancy-dressed clubbers in a popular party district in the heart of the city. The pro-democracy protests are...

Airbus slashes production targets despite rival Boeing's troubles Airbus slashes production targets despite rival Boeing's troubles

The A321 ACF has a modified fuselage allowing it to accommodate more flexible cabin configurations and up to 240 passengers. Announcing third quarter results, chief executive Guillaume Faury said the lower deliveries reflected action to ensure a ...