Thursday July 2-nd, 2020

Official cash rate remains unchanged at one per cent - Reserve Bank Official cash rate remains unchanged at one per cent - Reserve Bank

That meant a 25bp cut was largely priced into the lending and currency markets prior to Wednesday's monetary policy statement. Interestingly, the RBNZ maintained that the low in the OCR is at 0.9% across the forecast horizon, which in turn has ...

Retail inflation surges up to 4.62% on back of high food prices Retail inflation surges up to 4.62% on back of high food prices

The ONS said house prices in September rose by an annual 1.3% across the United Kingdom, unchanged from August after touching a almost seven-year low of 1.0% in June. The brokerage last week cut its overall GDP growth forecast for FY20 to 4.9% from 5...

Saudi Aramco takes another step toward public offering Saudi Aramco takes another step toward public offering

Despite dangling the prospect of significantly high payouts, the company on Saturday warned that it may change its dividend policy without prior notice to its minority shareholders. Attacks on key energy facilities temporarily halved the kingdom's o...

America's biggest milk processing company files for bankruptcy amid decreasing demand America's biggest milk processing company files for bankruptcy amid decreasing demand

Like others across the dairy industry, Dean Foods has struggled as US consumers have increasingly turned away from milk in recent years. That dropped to 17 gallons in 2018. Chapter 11 will allow the company, based in Dallas, to keep operating whi...

Tesla Gigafactory 4 to call Germany home, according to Musk Tesla Gigafactory 4 to call Germany home, according to Musk

Assembled in Tesla's new Shanghai Gigafactory, which broke ground in January, the first Model 3 sedans came in blue and were emblazoned with the brand name in Chinese characters. During Tesla's earnings conference call a few weeks ago, Elon Musk ...

Carbonite To Be Acquired By OpenText For $1.42B Carbonite To Be Acquired By OpenText For $1.42B

Carbonite will deliver 300,000 SMB customers and 7 million prosumers to OpenText . OpenText finished the initially quarter with about $1 billion in cash. OpenText shares were up $2.04, or 3.71 per cent, to $57.01 on the Toronto Stock Exchange in...

Apple Card faces investigation over sexist credit limit claims Apple Card faces investigation over sexist credit limit claims

New York's Department of Financial Services said it was beginning an inquiry into Goldman Sachs' credit card practices. Hansson wrote that after reaching out to Apple in an attempt to rectify the situation, he was told credit limits are determi...

Amazon launching a new grocery store chain Amazon launching a new grocery store chain "distinct from Whole Foods"

Amazon has experimented with its own physical stores in the United States, and has made tentative steps towards opening its first locations in the UK. That's much bigger than anything Amazon has built in the past. With no markups on food prices (as s...

McDonald's sweet tea came with marijuana inside, SC man claims McDonald's sweet tea came with marijuana inside, SC man claims

Sweet tea, light ice, and extra lemon. The 24-year-old said he now believes that the phrase was a euphemism for the multiple bags of marijuana police later found inside his cup. "I have in no way experienced weed a day in my life, so straight away ...

Wall Street opens lower as Trump, Hong Kong sour mood Wall Street opens lower as Trump, Hong Kong sour mood

Video footage by local media showed a protester lying in a pool of blood. Stephen Innes, the chief market strategist at AxiTrader, said that investors were taking a cautionary approach on the back of the trade uncertainty and "gloomy" China i...

Chinese to Buy British Steel, Save Jobs Chinese to Buy British Steel, Save Jobs

British Steel may secure a £70m rescue package from Chinese steelmaker Jingye Group, who employs over 22,000 staff and exports steel products globally, helping the troubled United Kingdom company to keep thousands of jobs. Unite assistant general sec...

Chicago & Denver flights canceled at Hector International Airport Chicago & Denver flights canceled at Hector International Airport

According to WGN , the American Eagle flight slid off the runway due to icy conditions . Several flights to and from Hector International Airport have been canceled because of the weather .

UK economy avoids recession with 0.3% Q3 growth | Ap Wire UK economy avoids recession with 0.3% Q3 growth | Ap Wire

With the election campaign entering its second week, Chancellor Sajid Javid hailed the "solid" growth figures. "Narrowly avoiding a recession is nothing to celebrate", said Tej Parikh, economist at the Institute of Directors. However, the third quart...

Uber CEO walks back comment on Saudi writer’s slaying Uber CEO walks back comment on Saudi writer’s slaying

Uber came under fire in March of that same year when its self-driving vehicle struck and killed a pedestrian, homeless woman Elaine Herzberg, 49, as she was jaywalking with her bike on a dark street in Tempe, Arizona. Allen noted that Uber pulled ...

India's Sept industrial output falls at the fastest pace in six years India's Sept industrial output falls at the fastest pace in six years

Negative growth in all the three sectors of manufacturing, mining and electricity pulled down the Index of Industrial Production ( IIP ), which had recorded 4.6 per cent growth in the same month previous year. In terms of industries, seventeen out ...

Veterans Day freebies and deals

Here are some of the best deals, discounts and freebies for Veterans Day. If you're unsure of what's open today , Newsweek has got you covered there too. Showing a military ID card or another proof of service, including a photograph in uniform, m...

China wants trade deal badly but it must be right, says Trump China wants trade deal badly but it must be right, says Trump

President Donald Trump on Friday said that he has not agreed to rollbacks of U.S. tariffs sought by China , sparking fresh doubts about when the world's two largest economies may end a 16-month trade war that has slowed global growth. -China trade...

How much is Nigel Farage really helping Boris Johnson here? How much is Nigel Farage really helping Boris Johnson here?

The former Conservative MP said her new party will be "fighting big time" in Labour seats where Remain MPs represent Leave constituencies . Speaking to the party faithful in Hartlepool, he said the Brexit Party would not take on the 317 seats wo...

Briefing: Alibaba Moves Ahead With Plans To List Shares in Hong Kong Briefing: Alibaba Moves Ahead With Plans To List Shares in Hong Kong

If realised, the $15 billion IPO would be the major due to the fact coverage huge AIA garnered $20.5 billion in 2010. Alibaba previously mentioned that the Company is looking to expand into less developed regions as its retail sales continue to slo...

London Crossrail was delayed again and will cost even more London Crossrail was delayed again and will cost even more

Management has said that the full opening of the critical central section of London's new tube line will not happen in 2020, as was previously wildly optimistically hoped, and has now been given a vague timeslot of "as soon as practically possible" i...

With discounts galore and Taylor Swift, Alibaba eyes record Singles Day With discounts galore and Taylor Swift, Alibaba eyes record Singles Day

It has since spread across the globe. This year's Thanksgiving weekend will likely bring about another record in USA e-commerce history, but it won't come close to matching China's largest shopping extravaganza. "Singles' Day really kicks off the b...

Job surge pushes region’s jobless rate down to 4.2% Job surge pushes region’s jobless rate down to 4.2%

Statistics Canada said the economy lost 1,800 jobs in October, following gains of 54,000 jobs in September and 81,000 in August. "The province created 15,300 jobs, more than any other province - the vast majority being full-time jobs", he said.

Apple Card probed for alleged gender discrimination Apple Card probed for alleged gender discrimination

The Bloomberg news agency reported on Saturday that tech entrepreneur David Heinemeier Hansson had complained that the Apple Card gave him 20 times the credit limit that his wife got. The viral tweets have drawn the attention of the New York Dep...

Royal Mail seeks injunction over planned strikes by workers

The company claims there are "potential irregularities" in the Communication Workers Union (CWU) ballot to strike, which would mean the recent vote was unlawful. The company said they have evidence workers were influenced on how to vote, such as be...

Warren ‘Open to Suspending Deportations’ to Push Congress on Immigration Reform Warren ‘Open to Suspending Deportations’ to Push Congress on Immigration Reform

I want to create a pathway to citizenship, not just for DACA, but for all of our neighbors and friends who are here to stay. "Would you also support access to the children's health insurance program without regard to immigration status?" the man ...

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