Tuesday March 31-st, 2020

Coal endures as world's favorite fuel for electricity generation Coal endures as world's favorite fuel for electricity generation

This is simply untrue. "This is particularly important in Asia, which is driving demand for coal". Western countries are weaning their power methods off coal energy as a result of plentiful cheaper options comparable to renewable energy and g...

Canadian Underlying Inflation Rises to Highest in a Decade

The Office for National Statistics said the consumer price index (CPI) held steady at 1.5% last month, the same level recorded in October, as the annual jump in some prices was offset by falling prices elsewhere, including for cigarettes and hotel ...

Majority of Canadians think food prices rising faster than household income Majority of Canadians think food prices rising faster than household income

It also appears Canadians are most concerned about the increasing prices for fresh vegetables, which statistics show rose about 15 percent this year. "Clearly people feel like they're falling behind with revenues, that's for sure", Sylvain Charlebo...

Joining forces: Fiat Chrysler, Peugeot maker agree to $50bn union Joining forces: Fiat Chrysler, Peugeot maker agree to $50bn union

That will be all the harder with politicians and strong labour unions in both France and Italy anxious about job losses at a combined business that will employ around 400,000 people. "Both have faced the toughest of times and have emerged as agile, s...

Gold falls slightly as equities extend rally amid trade optimism Gold falls slightly as equities extend rally amid trade optimism

The most active gold contract for February delivery fell 0.7 USA dollar, or 0.05 percent, to close at 1,480.50 dollars per ounce. Further, US diplomats like Treasury Secretary Steve Mnuchin and Trade Representative Robert Lighthizer have been praisin...

Sterling stumbles on reported new Brexit deadline Sterling stumbles on reported new Brexit deadline

The pound's gains since the United Kingdom election on Thursday have been wiped out within a week, after government plans to stop the Brexit transition period being extended sparked fresh fears of a hard exit. On Thursday, the Queen will formally o...

Amazon cuts off FedEx ground for Prime shipments this holiday Amazon cuts off FedEx ground for Prime shipments this holiday

Sellers can oversee deliveries on their own, and many use FedEx ground to meet Amazon's delivery pledge of one or two days for millions of products. Just a week before Christmas, third-party sellers on Amazon have been instructed by the tech giant ...

Lawsuit filed against Apple, Microsoft over making profit from child cobalt miners Lawsuit filed against Apple, Microsoft over making profit from child cobalt miners

It says hundreds of Congolese children have been forced by extreme poverty to work in the cobalt mines, digging in underground tunnels with primitive equipment for as little as $2 per day. The rise of smartphones in the past 20 years has created a la...

Uber nears deal to sell off its food delivery business in India Uber nears deal to sell off its food delivery business in India

At the moment, the deal value UberEats' India business at around $400 million, TechCrunch reports . Uber is in the final stages to close an agreement to sell its Indian business from the UberEats food delivery platform to local rival ...

Jetstar cuts 10 per cent of Australian flights for January Jetstar cuts 10 per cent of Australian flights for January

The earnings impact of the January cancellations, in addition to the disruptions in December, is estimated to be approximately between $20 - $25 million. "In the case of the pilots, the union is asking for what amounts to a 15 per cent wage increase ...

Global shares rise after Wall Street rally on China report Global shares rise after Wall Street rally on China report

The benchmark index is up about 27 per cent this year, its best annual percentage gain in six. Three interest rate cuts by the Federal Reserve this year, along with encouraging economic data has pushed the main USA stock indexes to record levels.

Whirlpool washing machines to be recalled over fire hazards in UK Whirlpool washing machines to be recalled over fire hazards in UK

Whirlpool said in a statement that the machines - branded as Hotpoint or Indesit and sold over the last five years - have a door locking system that can overheat and therefore create the risk of fire . This site includes an online model checker ...

MYEFO: Josh Frydenberg downgrades forecast budget surplus to $5 billion MYEFO: Josh Frydenberg downgrades forecast budget surplus to $5 billion

In all, the cumulative surplus out to 2023 was now seen at A$23.5 billion, a drop of more than A$21 billion from the previous projection. The forecast for economic growth has also been slashed from 2.75 per cent, to 2.25 per cent. He said $2.9 bill...

US, Mexico quickly mend rift over North American trade deal US, Mexico quickly mend rift over North American trade deal

At the weekend, Seade, the Mexican official in charge of USMCA negotiations, criticized the US plan to send labor experts to Mexico, saying it was not part of the accord signed by the three countries. The Washington Post reported Seade saying he...

Realme X2 price in India leaked by someone from Realme team itself Realme X2 price in India leaked by someone from Realme team itself

The Realme X2 was first announced in September in China. It has Corning's Gorilla Glass 5 protection on top to offer protection against drops and scratches. You get app drawer support along with a host of customisation options and yes, bloatware pe...

Lighthizer: Phase One trade deal is 'totally completed' Lighthizer: Phase One trade deal is 'totally completed'

China has temporarily lifted additional duties on some USA goods, which were due to enter into force on December 15, the Chinese State Council's Customs Committee announced. Early Tuesday morning in Asia, the South China Morning Post (SCMP) came o...

China threatens retaliation should Germany ban Huawei 5G China threatens retaliation should Germany ban Huawei 5G

Huawei has come under intense scrutiny recently over claims, led by the U.S., that the Chinese telecoms company could be used by Beijing for espionage or even cyber sabotage. "If Germany were to take a decision that leads to Huawei's exclusion fro...

Quadriga investors want founder's body exhumed to ensure it's him Quadriga investors want founder's body exhumed to ensure it's him

Creditor monitor Ernst and Young found in an investigation that the exchange had flawed financial reporting and that significant volumes of cryptocurrency had been transferred to personal accounts controlled by Cotten. The statement added that Cott...

Ofwat tells water firms to cut bills by 12% before 2025

The decision is part of Ofwat's approval of a huge £51 billion investment plan for water companies in the highly regulated sector. However, in the final determination published this week, Ofwat said the company must cut bills by 10.5pc over those f...

China suspends planned tariffs on some United States goods China suspends planned tariffs on some United States goods

Speaking on CBS' "Face the Nation", Lighthizer said the success of the deal is now up to China . To ensure that China keeps its commitments, Lighthizer said the U.S. The United States and China have agreed to the first phase of a trade deal th...

Intel acquires Habana Labs for $2 billion to boost AI business Intel acquires Habana Labs for $2 billion to boost AI business

In 2019 alone, Intel notes, the company expects to generate in excess of $3.5 billion dollars in "AI-driven revenue", a 20% increase over the year prior. Prior to this transaction, Intel Capital was an investor in Habana. "We have been fortunate to...

Alleged Bank Robber Busted After Bragging About $88,000 Heist Online Alleged Bank Robber Busted After Bragging About $88,000 Heist Online

Arlando Henderson was arrested after allegedly stealing from the vault of a bank that he worked at, according to CNN . The indictment said he also committed a separate loan fraud in connection with the purchase of a luxury automobile. The money that...

UK Preliminary Manufacturing PMI unexpectedly drops to 47.4, Cable hits session lows UK Preliminary Manufacturing PMI unexpectedly drops to 47.4, Cable hits session lows

IHS Markit's Euro Zone Composite Flash Purchasing Managers' Index ( PMI ), seen as a good guide to economic health, stayed at 50.6 in December, a touch below a median 50.7 predicted in a Reuters poll. By sector, the services business activity in...

Lyft Enter into Car Rental Service Lyft Enter into Car Rental Service

The auto rentals are only offered in a couple of big cities at this time; with them, the company says, people have more transportation flexibility for those times they want to take a weekend trip or engage in other travels that aren't restricted to o...

Five held over man’s death in Hong Kong protests Five held over man’s death in Hong Kong protests

At a press conference held in Beijing after the meetings, Lam said that the "unprecedented" current situation in Hong Kong this year meant she had to spend "a bit more time to give (the leaders) an account of where things stand". The clash in Mong Ko...

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