Friday September 25-th, 2020

Nissan partners with Uber to electrify London fleet Nissan partners with Uber to electrify London fleet

According to his own statements, Uber wants to operate their service in London exclusively with electric cars by 2025. With the Nissan deal - which is in principle open to all Uber-drivers in the United Kingdom, but is probably intended primarily...

Cases of New Coronavirus Registered in All Chinese Regions - Authorities Cases of New Coronavirus Registered in All Chinese Regions - Authorities

The World Health Organization , which initially downplayed the severity of a disease that has now killed more than 170 people, warned all governments to be "on alert" as it weighed whether to declare a global health emergency. Announcing Russia's...

Carney speech: United Kingdom economic activity has picked up sharply since election Carney speech: United Kingdom economic activity has picked up sharply since election

Jonathan Haskel and Michael Saunders voted to reduce interest rates to 0.50% for the third consecutive meeting. The Bank of England has left its benchmark UK Bank Rate at 0.75%. However, if the survey data augurs a period of higher growth, then man...

The Fed confronts the coronavirus risk The Fed confronts the coronavirus risk

Following three cuts in 2019, USA central bankers have said their policy is supporting the country's record expansion despite headwinds from trade and geopolitical uncertainty. "The Fed's going to remain on hold for the foreseeable future, as long ...

New York, FTC sue ‘pharma bro’ Shkreli, others over Daraprim price hikes New York, FTC sue ‘pharma bro’ Shkreli, others over Daraprim price hikes

The former Turing Pharmaceuticals CEO, Martin Shkreli, is now being housed at the Federal Corrections Complex in Allenwood, PA on a seven-year sentence after being convicted of securities fraud tied to hedge funds he controlled prior to entering the ...

Coronavirus ravages in China as death toll reaches 170 Coronavirus ravages in China as death toll reaches 170

That system will be tested as the virus spreads. China has urged its own citizens to delay trips overseas, with at least 18 countries having confirmed cases of the disease. "They are sitting in the middle of a military base", Knight said. Reports s...

Tesla declares 2019 a turning point

Consensus expectations are for Tesla to report non-GAAP earnings per share of $1.72 and revenue of $7.02 billion, according to a survey of analysts by Refinitiv. Tesla said it is starting to ramp up production of the Model Y small SUV in Fremont, a...

Coronavirus closes half of Starbucks’ China restaurants Coronavirus closes half of Starbucks’ China restaurants

Starbucks announced the closures during its quarterly earnings report in which the Seattle-based coffee giant said its global same-store sales rose 5% in the company's fiscal first quarter ended December 29. Excluding one-time items, the company e...

We won’t suspend flights to China, says Kenya Airways We won’t suspend flights to China, says Kenya Airways

American Airlines announced Wednesday that it will cancel several flights from Los Angeles to Shanghai and Beijing next month as the deadly coronavirus continues to spread throughout parts of the globe. "After carefully assessing the current ...

Fed leaves interest rates unchanged Fed leaves interest rates unchanged

US stocks climbed and then pared those gains, while yields on the 10-year Treasury declined, as did the dollar. Policy makers also changed their language to say that the current stance of monetary policy is appropriate to support "inflation returni...

Number infected by Wuhan virus rises to almost 6,000 Number infected by Wuhan virus rises to almost 6,000

Europe's biggest bank, HSBC, banned all staff travel to Chinese-ruled Hong Kong for two weeks and to mainland China until further notice, according to an internal memo seen by Reuters . local time to be refueled before heading on to California for...

Death Toll From Coronavirus Rises, Over 2800 Cases Confirmed Death Toll From Coronavirus Rises, Over 2800 Cases Confirmed

The yield on the 10-year Treasury fell to 1.60%, its lowest level since October. AP's earlier story follows below. The oil market had already tumbled more than six percent last week owing to concerns about the effects on demand in China, which is t...

Buffett sells his newspaper group Buffett sells his newspaper group

It nonetheless remains unusual for Buffett , who delivered newspapers as a teenager, to sell an entire operating business. "We had zero interest in selling the group to anyone else for one simple reason: We believe that Lee is best positioned to m...

Boeing expects costs from 737 Max grounding to top $18-billion Boeing expects costs from 737 Max grounding to top $18-billion

Dozens of grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, last year. "We recognize we have a lot of work to do", Boeing president and CEO David Calhoun said in a statement. Calhoun told CN...

Passengers of KQ flight from China being monitored for Coronavirus Passengers of KQ flight from China being monitored for Coronavirus

State Department and Centers for Disease Control and Prevention have recommended that all non-essential travel to China be deferred due to the outbreak of the novel coronavirus ", they wrote in the email. Elsewhere, there have been partial cancellat...

British Airways suspends direct flights to China on virus fears British Airways suspends direct flights to China on virus fears

The new coronavirus outbreak has killed over 130 people in China and infected almost 6,000 globally as the deadly disease continues to spread. "Working in tandem with them, I'm confident our federal research agencies can develop a vaccine in record...

United States stocks open up, recovering some of prior day’s losses

United States stock indexes opened higher on Tuesday after the S&P 500 suffered its worst day in almost four months in the previous session on concerns that a coronavirus outbreak in China could hit global economic growth. Investors have been rattled...

USA stocks tumble amid global sell-off; Dow falls 410 USA stocks tumble amid global sell-off; Dow falls 410

Markets in Hong Kong , Taiwan and mainland China were closed Tuesday for Lunar New Year holidays, while South Korea's benchmark tumbled 3.1% to 2,176.72 as it reopened after its own holidays. Even if they're thousands of miles away from Wuhan, the...

US stocks tumble amidst global sell-off; Dow falls 325 US stocks tumble amidst global sell-off; Dow falls 325

The S&P energy index dropped 1.21% as crude prices fell below $60 per barrel on fears of slowing oil demand following the outbreak. The Nasdaq had its worst day since August, dropping 1.9%. Chinese companies that trade shares in the USA also declined...

Surrey issues notice to Uber to stop operating, Uber 'respectfully declines' Surrey issues notice to Uber to stop operating, Uber 'respectfully declines'

The reasoning is that Uber, which just began operating Friday morning in the Lower Mainland after years of delays, does not have the proper business licence to operate in Surrey, Hundial said. In an email, van Hemmen reiterated his company's position...

Recall issued for Sealtest milk products Recall issued for Sealtest milk products

Milk contaminated with sanitizer may not appear or smell spoiled, but it can cause nausea, upset stomach or vomiting. The affected products should not be consumed. The Canadian Food Inspection Agency has already taken part in 13 food recalls this yea...

GM's First-Ever EV-Only Factory Will Produce Electric Pickup In 2021 GM's First-Ever EV-Only Factory Will Produce Electric Pickup In 2021

A fully electric truck will be the first vehicle built at the plant with the goal to build the truck in late 2021. "This investment helps ensure that MI will remain at the epicenter of the global automotive industry as we continue our journey to an...

Strongsville Bar Louie closes Strongsville Bar Louie closes

The Alabama location at Bridge Street in Huntsville is among nearly 40 others to close. "Please visit us at www.barlouie.com/locations to find the Bar Louie nearest to you", the restaurant said on Facebook. Less than one year after closing its New...

Government to Sell 100% Stake in Air India, Issues Bid Document Government to Sell 100% Stake in Air India, Issues Bid Document

The Indian government has invited preliminary bids to divest its entire stake in Air India , and the airline's subsidiary Air India Express along with its joint venture Air India SATS Airport Services. The airline has a total debt of Rs 60,074...

Bank of Canada keeps interest rates at 1.75 pct Bank of Canada keeps interest rates at 1.75 pct

The central bank slashed its forecast for fourth quarter annualized growth to 0.3% from 1.3% in October. The pair edged higher for the third consecutive session on Thursday and added to the previous session's strong intraday positive move of around...

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