Tuesday September 29-th, 2020

Maryland company surprises employees with $10 million bonus

The bonuses were based on the number of years the employees had been at the company. St. John made the announcement December 7 during the company's annual holiday party. "We wanted to do something to thank all our employees for helping us achieve o...

Trade Deal Worries, Production Cut Compliance Concerns Capping Gains Trade Deal Worries, Production Cut Compliance Concerns Capping Gains

The bank revised its Brent spot price forecast to $63 per barrel for 2020, up from a previous estimate of $60, while it also increased West Texas Intermediate ( WTI ) spot price outlook to $58.5 per barrel from $55.5. "China trade talks, the OPEC ...

Remembering former Fed chair and economic giant Paul Volcker Remembering former Fed chair and economic giant Paul Volcker

Former US Federal Reserve Chair Paul Volcker passed away on Sunday. Volcker worked in the US federal government for nearly 30 years, culminating in two terms as chairman of the board of governors of the Federal Reserve System from 1979-1987, ...

United Kingdom economy grinds to a halt days before general election United Kingdom economy grinds to a halt days before general election

Figures showed the services sector was the only positive contributor to GDP growth in the three months to October, rising by 0.2 percent. Paul Dale, chief United Kingdom economist at Capital Economics , said: "The stagnation in GDP in October is u...

Jaguar I-Pace gains more range, thanks to learnings on the racetrack Jaguar I-Pace gains more range, thanks to learnings on the racetrack

The race-derived enhancements are delivered through optimisation of battery management, thermal systems and all-wheel drive torque improvements. Jaguar has developed a range-boosting update for the I-Pace. The updated Jaguar I-Pace range is now o...

How major USA stock indexes fared Monday

Wall Street's main indexes started the first day of the week in with modest losses as investors refrain from making large bets while waiting for fresh news surrounding the US-China trade conflict. The market pullback came as investors looked ahead to...

India's mfg sector activity growth inches up in Nov; but remains subdued India's mfg sector activity growth inches up in Nov; but remains subdued

The IHS Markit India manufacturing PMI rose from 50.6 in October to 51.2 in November, while it had fallen to its lowest level in two years, indicating a slight improvement in the health of the sector. This is the 28th consecutive year that the manufa...

Tesla Cybertruck rolls through red light, reportedly with Musk driving Tesla Cybertruck rolls through red light, reportedly with Musk driving

Tesla unveiled the Cybertruck in November, saying production for models intended for customers would begin in late 2021. Indeed, at the electric pickup's debut, the ATV drove into the truck's bed and was then able to charge after the rider con...

Renewable Energy Market Projected to Witness Vigorous Expansion by 2023 Renewable Energy Market Projected to Witness Vigorous Expansion by 2023

Renewable energy sources include electricity generated from solar, wind, hydropower, geothermal and biomass. With depleting natural energy resources, the efforts to develop and utilize renewable energy has escalated in the recent past, which in tur...

New NAFTA inches closer as Freeland meets with counterparts in Mexico New NAFTA inches closer as Freeland meets with counterparts in Mexico

The USMCA, which overhauls the Clinton-era North American Free Trade Agreement, commonly known as NAFTA, requires 75 percent of automobile components be manufactured in the United States, Canada and Mexico in order to avoid tariffs, and that 40 to 45...

Holden kills off the Commodore, with ZB model to be its last Holden kills off the Commodore, with ZB model to be its last

The new Holden boss acknowledged the changing market space and the long history of the Commodore model life. The first Commodore hit the road in 1978 and since then has become an Australian icon. Australia's auto market has largely fallen out of lo...

China's CPI up in November China's CPI up in November

November's consumer prices in China saw a 4.5 percent increase year on year, the steepest growth since January 2012. The producer price index , which tracks changes in the prices of goods circulated among manufacturers and mining companies, fell 1...

Tullow Oil's CEO and exploration director resign Tullow Oil's CEO and exploration director resign

Tullow Oil which is the lead partner of the Jubilee and TEN fields could not meet its production targets due to technical problems at Jubilee as well as a delay in the completion of a well at the TEN fields. Such downgrades can impact oil producers'...

Travel 'chaos': Long delays at Auckland Airport due to IT issue Travel 'chaos': Long delays at Auckland Airport due to IT issue

In a statement, SITA's media relations manager Brenda Flinter said a technical issue had led to its interactive passenger processing systems being disrupted in a number of countries, including Australia and New Zealand. An Auckland Airport spokeswoma...

Canopy Growth names Constellation Brands veteran David Klein new CEO Canopy Growth names Constellation Brands veteran David Klein new CEO

While Klein is listed as an experienced strategist with the ability to build a consumer brand while leveraging operational scale across a dispersed production footprint, there was no indication with regards to his knowledge of cannabis other than his...

E. coli O157:H7 Strain Reported in Canada E. coli O157:H7 Strain Reported in Canada

The public health agency warns consumers to throw away any of the recalled salad kits, wash their hands after handling and "do not prepare food for other people if you think you are sick with an E. Numerous people who got sick reported having eaten ...

Just Eat: Prosus ups offer to £5.1bn in Takeaway.com battle Just Eat: Prosus ups offer to £5.1bn in Takeaway.com battle

The offer values Just Eat at £5.1bn as opposed to £4.9bn previously. Takeaway's all-stock proposal, which has been recommended by Just Eat's board, valued the United Kingdom company at 731 pence a share based on the Dutch company's share price ...

Ericsson to Pay $1.2 Billion to Resolve Bribery Case Ericsson to Pay $1.2 Billion to Resolve Bribery Case

According to Ericsson's admissions to the Department of Justice, from 2000 to 2016, the company participated in a long-standing scheme to pay bribes, forge books and records, without implementing reasonable internal accounting controls. Pursuant to t...

Amazon Cites Trump Bias Over `Enemy' Bezos in Loss on Cloud Deal Amazon Cites Trump Bias Over `Enemy' Bezos in Loss on Cloud Deal

But last month the company filed a lawsuit in federal court to fight the Defense Department September decision to award the cloud computing contract worth up to $ 10 billion for rival bidder Microsoft Corp. "The department is confident in the JED...

Saudi Aramco raises $34.8b in world's largest IPO Saudi Aramco raises $34.8b in world's largest IPO

The firm relied on domestic and regional investors to sell a 1.5% stake after lukewarm interest from overseas. The increase to the oil-rich Kingdom's budget deficit comes as no surprise, as oil prices have fallen sharply from the days of $100 oil, ...

Tesla's Cybertruck Might Be Cursed as Second Showing Comes With Another Blunder Tesla's Cybertruck Might Be Cursed as Second Showing Comes With Another Blunder

That said, we're curious: What do YOU think of the Cybertruck NOW that you've seen it among other, normal vehicles? Twitter user Cody Simms shared a photo of the pickup, saying it was seen close to Los Angeles International Airport.

China orders officials to remove foreign tech from computers China orders officials to remove foreign tech from computers

Although the policy documents remain confidential, employees from two cybersecurity firms, on the basis of anonymity, confirmed the new directive the FT after becoming aware of it through government clients. Government offices already tend to use L...

All Too Familiar? Model 3 Crashes Into Patrol Car, Driver Blames Autopilot All Too Familiar? Model 3 Crashes Into Patrol Car, Driver Blames Autopilot

The driver told police that he put his Tesla Model 3 on Autopilot so that he could check on his dog in the back. Then, the same Tesla, with the license plate "Model 3" (how original), hit the CSP Ford Taurus Police Interceptor, and continued to r...

Stocks slip as investors weigh outlook for US-China trade Stocks slip as investors weigh outlook for US-China trade

The blue-chip CSI300 index eased 0.18%, or 6.94 points, to 3,895.45. China's exports in November shrank for the fourth consecutive month, customs data showed on Sunday, confounding market expectations for a rise and underscoring persistent pressure...

Tesco start review of strategic options in Thailand and Malaysia Tesco start review of strategic options in Thailand and Malaysia

However, no information has been given by the company over where the interest is from. Tesco operates 1,967 shops in Thailand and one other 74 in Malaysia, using greater than 60,000 folks. In 2016 France's Casino sold its majority stake in Thai h...

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