Tuesday March 31-st, 2020

Carney prepares to bow out with hints of a possible rate cut Carney prepares to bow out with hints of a possible rate cut

Mark Carney said in a speech that there is a "debate" within the bank's rate-setting Monetary Policy Committee "over the relative merits of near term stimulus to reinforce the expected recovery in United Kingdom growth and inflation". Today also saw ...

Plug-in hybrid BMW X1 and X2 launched Plug-in hybrid BMW X1 and X2 launched

BMW has confirmed prices for the new plug-in hybrid xDrive25e version of its second-generation X1 - and confirmed that the same powertrain will appear in the X2 later this year. The petrol engine drives the front wheels via a six-speed autom...

Bed Bath & Beyond Stock Plunges After Financial Guidance Withdrawn Bed Bath & Beyond Stock Plunges After Financial Guidance Withdrawn

The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share. The company said it was withdrawing its full-year forecast because of "headwinds" and because of ongoing work by new CEO Mark Trit...

After 3 months, factory output grows in November 2019

Joshi, chief economist, Crisil Ltd. Official data had shown earlier in the week that gross fixed capital formation, a proxy for investments, which rose almost 10% in FY19, will barely improve by 1% in FY20. Available data suggests the growth of minin...

Kohl's and JC Penney Report Declining Holiday Sales Kohl's and JC Penney Report Declining Holiday Sales

Bed Bath & Beyond ( BBBY ) - down as much as 19%. Off-price chains such as TJX Cos. have also logged healthy sales. The retailer said that its adjusted same-store sales - which exclude the impact of its exit from major appliance and furniture c...

Bernie Sanders leads in closely watched Iowa poll Bernie Sanders leads in closely watched Iowa poll

Former Vice President Joe Biden (D) fell to fourth place with 15 percent support. In order to qualify, candidates need to receive 5% in at least four DNC-approved national or early state (Iowa, New Hampshire, South Carolina, Nevada) polls, or recei...

Tesla Delivers First Chinese-Made Model 3 to Customers Tesla Delivers First Chinese-Made Model 3 to Customers

Cui Dongshu, secretary-general of the China Passenger Car Association, told China Daily that he expects Tesla to slash the prices of China-made vehicles to around 250,000 yuan by the second half of 2020 as the carmaker ramps up the Shanghai plant...

USA economy adds 145,000 jobs in final report of 2019 USA economy adds 145,000 jobs in final report of 2019

The federal agency's monthly labour force survey said the increase in the number of jobs in December came as full-time employment rose by 38,400 jobs. The American jobs machine churned out another 2.1 million new jobs in 2019, driving the unemploymen...

Starbucks launches 3 new non-dairy drinks Starbucks launches 3 new non-dairy drinks

Holy cow! Starbucks has officially added two new dairy-free coffee drinks to its permanent menu and announced the testing of oat milk in select markets, starting Tuesday. The Oatmilk Honey Latte is available at approximately 1,300 Starbucks loc...

Japan failed to arrange fair trial for Carlos Ghosn: French lawyer Japan failed to arrange fair trial for Carlos Ghosn: French lawyer

Justice Minister Masako Mori has given five news conferences this week in an attempt to rebut Ghosn's criticisms of the country's legal system and practices. The Lebanese judicial authorities also asked Japan for its file on Ghosn, including the char...

Private Payrolls Soar: 202,000 Jobs Added In December Private Payrolls Soar: 202,000 Jobs Added In December

Private firms added 202,000 employees in December, far more than expected, boosted by a big gains in trade, transportation and utilities, professional and business services and construction, according to the report. However, there are some signs of m...

Honda Civic Type R Arrives With Performance And Styling Updates Honda Civic Type R Arrives With Performance And Styling Updates

Taking feedback from real WRC experiences, Toyota Gazoo Racing built the GR Yaris from scratch to achieve a high-rigidity body of highly refined balance while also optimising front and rear suspension geometry. U.S. market Type Rs will get a shorte...

Taco Bell to start offering $100,000 salary jobs Taco Bell to start offering $100,000 salary jobs

Wanted: Restaurant manager. Competitive salary: $100,000. Current salaries for general managers at company-owned Taco Bell stores are between US$50,000 and US$80,000, according to the company. Taco Bell will also offer all employees 24 hours of p...

Fed members confident about the USA economy in 2020: headwinds abating Fed members confident about the USA economy in 2020: headwinds abating

Clarida's comments before the Council on Foreign Relations echo the statements from Fed chief Jerome Powell in December following the final policy meeting of 2018. His remarks on downside risks to inflation, however, suggest that the committee is giv...

ADP: US companies added 202000 jobs in December

ADP private payrolls tend to surge in December because of adjustment difficulties related to the purging of employees who have permanently left company payrolls. The service sector added 173,000 new employees last month, while goods producing firms...

Another Spaniard to take the helm at IAG owner of BA Another Spaniard to take the helm at IAG owner of BA

One of the airline industry's highest-profile executives is retiring. Mr Gallego started his career with Air Nostrum in 1997, and has been the CEO of Iberia since 2014. Walsh initially joined Aer Lingus as a cadet pilot in 1979. Luis Gallego, n...

House passes war powers resolution condemning military action against Iran House passes war powers resolution condemning military action against Iran

On Wednesday , the media office of Qais Al-Khazali, an Iraqi politician and leader of the Asa'ib Ahl Al-Haq movement, a subdivision of the PMF, explained on Twitter that the missile attacks on the U.S. After Wednesday's private meeting, they said th...

Premier Acquires North Sea Assets from BP, Dana Premier Acquires North Sea Assets from BP, Dana

Shearwater's 2019 production has been in the region of 14,000 barrels of oil equivalent per day gross. This would provide an injection of funds to help address the company's perilous financial position. 2019 production of 78.4 kboe/d, at the uppe...

Modi meets top economists without Finance Minister Modi meets top economists without Finance Minister

Modi , who seems to have taken charge of the efforts to revive the economy, has over the past few days held 12 meetings with different stakeholders over various issues affecting the economy and to thrash out appropriate policy interventions in the fo...

Winning ticket for $70M Lotto Max jackpot sold in Brampton, Ont. Winning ticket for $70M Lotto Max jackpot sold in Brampton, Ont.

Six tickets for $1 million each were sold in Brampton, Hamilton, the Niagara Region, Oshawa, Ottawa, and Pickering. There are seven second-place winners of $197,679.90, who correctly picked 6 of the 7 winning numbers . The draw for the next Lotto ...

U.S. ups pressure on United Kingdom government Huawei decision U.S. ups pressure on United Kingdom government Huawei decision

But bad weather forced the cancellation of the trip. Even though the Chinese manufacturer is the largest provider of networking equipment worldwide, the USA considers it to be a national security threat. The bill's unveiling comes just days before th...

Major security flaws found in popular app TikTok Major security flaws found in popular app TikTok

If clicked, attackers could take control of user accounts. Researchers at Check Point have found that an attacker could send a spoofed SMS message to a user containing a malicious link. "It is considered a cyber threat", Army spokesperson Robin Och...

Lime pulls its scooters out of 12 markets and lays off staff Lime pulls its scooters out of 12 markets and lays off staff

Overseas, it's pulling out of cities including Bogota, Lima and Rio de Janeiro. In a statement posted online , Lime CEO Brad Bao said the company has made a decision to leave cities where "micromobility has evolved more slowly". Lime and Bird ha...

Iran's Revolutionary Guards warn of 'harsher revenge' after strikes on USA targets Iran's Revolutionary Guards warn of 'harsher revenge' after strikes on USA targets

Two U.S. officials said Thursday it was "highly likely" that an Iranian anti-aircraft missile downed a Ukrainian jetliner on Wednesday, killing all 176 people on board, including 63 Canadians. Ali Azimi, a 41-year-old engineer, said Iran's retaliat...

Bulgarian economy to grow by 3% in 2020 Bulgarian economy to grow by 3% in 2020

This is in line with the RBI's and the government's latest projection of 5 per cent growth rate for 2019-20. The World Bank on Wednesday lowered its growth estimate for India to 5 per cent for the current fiscal from the earlier projection of 6 per...

IN CASE YOU MISSED IT