Thursday October 1-st, 2020

Amazon commits 10,000 electric vehicles to its India delivery fleet by 2025 Amazon commits 10,000 electric vehicles to its India delivery fleet by 2025

Bezos, who was on a three-day visit to India, shared a video on Twitter to introduce the new fleet of e-rickshaws meant for doorstep delivery. During his visit to India, Bezos announced Amazon's plan to invest $1 billion in India to "digitally enab...

International Monetary Fund trims Indonesia’s economic growth prospects amid weakening exports International Monetary Fund trims Indonesia’s economic growth prospects amid weakening exports

The IMF now sees the economy growing at 0.8% this year, down from a previous forecast for 1.1%. "These early signs of stabilisation could persist and eventually reinforce the link between still-resilient consumer spending and improved business spen...

South Korea Might Re-Categorize Cryptocurrencies, Imposing A 20% Tax On Gains South Korea Might Re-Categorize Cryptocurrencies, Imposing A 20% Tax On Gains

The income tax scheme in South Korea deals with labor, business, and "other income.' In this case if the Ministry of Finance and Strategy is now handling income tax issues, and they are also charged with taxing crytocurrency, then cryptos will ...

Zomato India Acquires Uber Eats, And Twitter Erupts With Hilarious Responses Zomato India Acquires Uber Eats, And Twitter Erupts With Hilarious Responses

The share-swap arrangement and details of the transaction were not disclosed. Users of the Uber food delivery app will now be redirected to Zomato's app instead. Zomato had recently received $150 million as funding, against a valuation of $3 bil...

Central banks can't save the world from climate change, BIS says Central banks can't save the world from climate change, BIS says

It said central banks should more involved coordinating climate change actions among major players - governments, the private sector and the worldwide community. New policy mixes are needed instead, involving governments, central banks and prudenti...

Thunberg slams climate change inaction as Davos awaits Trump Thunberg slams climate change inaction as Davos awaits Trump

The 17-year-old also implored leaders to listen to the concerns experts and young people demanding action on climate change . "People are more aware now. The 2020 event will convene almost 3,000 participants from over 100 countries, including 53 hea...

Macron tweets he and Trump reach truce on taxing tech companies Macron tweets he and Trump reach truce on taxing tech companies

Macron made the announcement a few hours before Trump departs the White House for the World Economic Forum in Davos, Switzerland. The White House said the two men spoke and "agreed it is important to complete successful negotiations on the digital...

BOJ keeps easing policy unchanged BOJ keeps easing policy unchanged

On Japan's economy, the BOJ is nearly set to raise its growth forecast for fiscal 2020 starting April 1, from 0.7 percent projected in October, sources familiar with the bank's thinking said. As for prices, however, the BOJ is likely to leave its inf...

British Prime Minister borrows popular Akan proverb at UK-Africa summit British Prime Minister borrows popular Akan proverb at UK-Africa summit

Cited government sources revealed on Saturday night that the head of No. 10's policy unit, Munira Mirza, was preparing to write to all Whitehall ministers to instruct them that Johnson's "key demand" would be to finally fulfil his roadmap. More than ...

Amazon is Reportedly Developing a Hand-Scanning Payment Option

Customers would use the terminals to link their palm print to a credit or debit card. According to people familiar with the matter, the plans for terminals are now in early stages. Exactly how that will be done, however, hasn't been decided yet. On...

World powers in Berlin to seek peace for Libya World powers in Berlin to seek peace for Libya

German Chancellor Angela Merkel and UN Secretary-General Antonio Guterres will co-host the summit, which will seek a stronger commitment from the world powers and regional actors to non-interference in Libya, to genuinely support the ceasefire and ad...

Donald Trump team says his trial is ‘unlawful’ Donald Trump team says his trial is ‘unlawful’

Donald Trump's team announced over the weekend that attorneys Alan Dershowitz and Ken Starr will argue that the two articles - abuse of power and obstruction of Congress - are not impeachable offenses, according to the Constitution. Democrats see s...

Toyota moved pickup production to Mexico, no jobs lost in the US Toyota moved pickup production to Mexico, no jobs lost in the US

According to Toyota, the investments will modernize the plant which produces almost 400,000 Highlanders, Sequoias and Siennas each year. Despite the fact it is moving the Tacoma pickup production to Mexico, Toyota insists no U.S.jobs would be los...

Komodo (KMD) Market Cap Achieves $71.50 Million Komodo (KMD) Market Cap Achieves $71.50 Million

According to the highly publicized announcement , Tezos wallet holders will be able to obtain 0.01 XTZ ($0.0152) from the faucet allowing users to interact with the blockchain, test development and raise adoption rates of the Tezos token in a bid ...

Plane slides off icy taxiway at Kansas City International Airport Plane slides off icy taxiway at Kansas City International Airport

Crews will remove the plane later today, McBride tweeted, adding that it's "not impeding much of the airfield". The airport says it is continuously clearing ice from last night's storm. Delta Flight 1114 was taxiing from the airport terminal when i...

China-U.S. trade deal will reduce global uncertainty China-U.S. trade deal will reduce global uncertainty

Monetary and fiscal stimulus is expected to lift India's growth rate back to 6.5% in 2021, although this is still 0.9 percentage point lower than forecast in October. "What's been holding this back or offsetting this is the trade risks, the geopoliti...

Here's how to purchase Mega Millions, Powerball tickets online Here's how to purchase Mega Millions, Powerball tickets online

Since then, 21 drawings have been held without a top-prize victor, including Wednesday when no one across the country hit a $296 million jackpot. · There were 1,066,010 tickets sold that won at least $4 in the drawing. In certain circumstances, p...

Best Buy starts investigation into CEO's personal conduct Best Buy starts investigation into CEO's personal conduct

The company declined to share the contents of the letter. The letter was also sent to several news organizations, including the Star Tribune. "We encourage the author of the letter to participate in this confidential process". The letter alleges Barr...

CSA issues guidance on when crypto trades may be outside securities laws

As such, they should abide by securities laws . The agency has advised the exchanges to seek legal counsel and clarified its intentions to take action against any such platforms - based in Canada or overseas - offering services to Canadian clients...

One winning ticket sold for Friday's $50 million Lotto Max jackpot One winning ticket sold for Friday's $50 million Lotto Max jackpot

However, three winning Encore tickets, worth $100,000 each, were sold in Toronto, Oshawa and Mississauga. Lottery players can check their numbers on the OLG Lottery App or on the Winning Numbers page on the official OLG website .

Tough love for Amazon's Bezos in India Tough love for Amazon's Bezos in India

Meanwhile, Amazon said it would create new jobs in India through investments in infrastructure, technology and logistics. On Friday, Goyal said: "We welcome all kinds of investments that follow the letter and spirit of the law". Amazon said it has ...

Passenger causes bomb scare after realizing he was late for flight Passenger causes bomb scare after realizing he was late for flight

At Lewes crown court on Friday, Islam was sentenced to 16 months in prison, after pleading guilty to communicating false information at an earlier hearing. 'Be that as it may, the bomb deception was proposed to make specialists dread there was a cert...

Jaguar Land Rover working on Jaguar Land Rover working on "morphable" seat for passenger and driver wellbeing

To accomplish this, the company integrated a collection of actuators in a foam seat that create "constant micro-adjustments" which lead to the brain believing that you're taking rhythmic steps one leg at a time. It also increases the likelihood of ...

Second largest diamond sold to Louis Vuitton Second largest diamond sold to Louis Vuitton

After the stone is cut and polished by HB Co., a diamond manufacturer in Antwerp, Belgium, it will be transformed into a collection of jewelry, further broadening parent company LVMH's expansion in the jewelry market with its $16.2 billion acquisitio...

Renewables investments staged a late-year rally Renewables investments staged a late-year rally

Tom Harries , Head of Wind Research at BNEF, said: " Offshore wind developers in China brought forward 15 projects to beat a scheduled expiry of that country's feed-in tariff". "It's notable that in the third year of the Trump presidency, which ha...

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