Saturday July 4-th, 2020

Tesla's Berlin Gigafactory is back on track following environmental challenge Tesla's Berlin Gigafactory is back on track following environmental challenge

As reported by Bloomberg , the appeals court has now ruled work can resume. Tesla has narrowly dodged a delay to the construction of its new Gigafactory in Brandenburg, Germany, after a regional court granted approval to clear 90 hectares (222...

Between green cards and welfare, Public Charge rule takes effect today Between green cards and welfare, Public Charge rule takes effect today

I read Lazarus' poem aloud at a naturalization ceremony for more than 1,300 new citizens in Oakland last August - when the Trump administration unleashed its revised "public charge" rule . The Supreme Court blocked two nationwide injunctions from ...

Buffett says coronavirus doesn't dampen his long-term support for stocks

Company CEOs have to consider workers, their families, and other stakeholders. Buffett compared corporate deals to marriages that can be either blissful or troubled. He was replaced by Roberts, who later told Berkshire he would soon retire. D...

Saudi FM: G20 'Ready to Intervene with Necessary Policies' over Coronavirus Saudi FM: G20 'Ready to Intervene with Necessary Policies' over Coronavirus

It estimated that a typical climate-related natural disaster reduced growth by an average of 0.4 percentage points in the affected country the year it occurred. He added that almost 100 billion euros were identified from additional tax revenue due to...

U.S. may give farmers more aid until trade deals 'kick in' U.S. may give farmers more aid until trade deals 'kick in'

The U.S. has reached two major trade agreements with global partners in the past month, with the Trump administration pitching these deals as a way to ease the burden farmers have shouldered during the trade war with China. Asked if the outbreak woul...

Shopify Joins Facebook-led Libra Association To Help Build Stablecoin Payment Network Shopify Joins Facebook-led Libra Association To Help Build Stablecoin Payment Network

The Libra Basis has confirmed the information in a Fb put up, outlining that Shopify can be an "unbelievable companion in making widespread financial participation a actuality". Nevertheless, quite a lot of huge firms like Visa, EBay, Stripe and ...

Wells Fargo to Pay $3B to Resolve Probes Into Fake Accounts Wells Fargo to Pay $3B to Resolve Probes Into Fake Accounts

The bank imposed unrealistic sales goals on employees, who were "intimidated and badgered" to comply, the OCC lawsuit says. Tolstedt was aware of employees using fraudulent means to achieve sales goals as early as 2004, according to the DOJ.

US markets tumble as coronavirus fears mount US markets tumble as coronavirus fears mount

Iranian health officials urged all religious gatherings to be suspended in Qom, news agency ISNA said, after two more people tested positive for the coronavirus in the holy city, where two died of it this week. Traders plowed money into safe havens s...

Death toll in China coronavirus outbreak reaches 2,238 Death toll in China coronavirus outbreak reaches 2,238

Most of the cases are related to church services in the city of Daegu, in the southeast of the country, the agency added. The window of opportunity to contain wider global spread of the epidemic of the new coronavirus disease is closing, the Wor...

United Kingdom employment rate hits record high United Kingdom employment rate hits record high

In response to the rise in foreign-born workers, Dr Ben Greening, Executive Director of Migration Watch UK, said: "These figures show that the UK is as attractive as ever for migrant workers, with a new record of 5.8 million non-UK born people in e...

Blockchain startup Enigma reaches settlement with SEC over its unregistered token sale Blockchain startup Enigma reaches settlement with SEC over its unregistered token sale

As part of the process, Enigma agreed to return the funds to the investors affected by the ICO. The company will now register its token as a security and file regular reports with the SEC, as other similar firms have to do. Enigma Mainnet Was Just La...

China prisons: early 250 cases of the new coronavirus China prisons: early 250 cases of the new coronavirus

The death toll in China from the COVID-19 coronavirus epidemic rose to 2,236 today (Feb 21) after 118 more people died. Chinese authorities have placed tens of millions of people under quarantine in central Hubei province, as well as restricting mo...

USA services, manufacturing sectors hit wall in February: IHS Markit USA services, manufacturing sectors hit wall in February: IHS Markit

Business activity in the Euro Zone accelerated more than expected this month, a business survey showed on Friday, in welcome news for policymakers at the European Central Bank who are battling to revive growth and chronically low inflation.

Asia Pacific carriers to lose $27.8 billion revenue due to coronavirus: IATA Asia Pacific carriers to lose $27.8 billion revenue due to coronavirus: IATA

IATA said its estimate assumed that COVID-19 behaves like a SARS outbreak almost two decades ago, which was "characterised by a six-month period with a sharp decline followed by an equally quick recovery". In a statement Alexandre de Juniac, IATA's d...

Swiggy Raises $113 Million in Funding From Existing Investors Swiggy Raises $113 Million in Funding From Existing Investors

MIH India Food (owned by Naspers) has subscribed to 30,170 shares of Bundl Technologies, the parent company of Swiggy, by investing about $100 million (Rs 712.4 crore) while Hadley Harbour Master Investors (Cayman) II LP, a unit of Wellington Managem...

Facebook invests in Indian education start-up Unacademy Facebook invests in Indian education start-up Unacademy

The deal could be Facebook's second bet on a startup in India after it backed Meesho, a social commerce player that leverages the Silicon Valley-based social networking giants' messaging application WhatsApp . Ajit Mohan , VP and managing director...

No hurry to enter trade deal with USA, says India No hurry to enter trade deal with USA, says India

Surjewala said "India values its visiting dignitaries" but asked the prime minister to note that "diplomacy is a serious government business, and not a series of photo-ops and event management tactics". We'll do it after the election. "But I think as...

EU puts Cayman Islands on tax haven blacklist EU puts Cayman Islands on tax haven blacklist

The EU has added the Cayman Islands, Palau , Panama , and the Seychelles to its list of non-cooperative tax jurisdictions, bringing the total tally to 12 from 8. As he noted all of Cayman's positive ratings by the OECD regarding economic substanc...

China cuts benchmark lending rate to prop up virus-hit economy China cuts benchmark lending rate to prop up virus-hit economy

The central bank lowered the interest rate for the medium-term lending facility (MLF), a major reference rate for the LPR, by 10 basis points on Monday, while injecting 300 billion yuan (about 42.8 billion USA dollars) into the financial market thr...

Morgan Stanley buying E-Trade for about $13 billion Morgan Stanley buying E-Trade for about $13 billion

Founded in 1982, E*Trade has grown to comprise more than 5.2 million client accounts and more than $360 billion in client assets, according to the news release. The deal is expected to close in the fourth quarter of this year, if regulators and share...

Hong Kong reports second coronavirus death Hong Kong reports second coronavirus death

The C-17 Globemaster, the biggest military aircraft in the Air Force, will carry a large consignment of medical supplies to China and bring back more Indians from Wuhan, the epicentre of the coronavirus epidemic, the sources told PTI. "On its ret...

Kickstarter staff form union in first for major tech start-up Kickstarter staff form union in first for major tech start-up

Thousands of Google workers staged a walkout in 2018 over the company's record on sexual misconduct, while others protested a year ago after Google fired several employees involved in organising efforts as tensions within the company continue ...

The investor sentiment in Germany deteriorated due to coronavirus The investor sentiment in Germany deteriorated due to coronavirus

The latest survey by the Leipzins Center for European Economic Research (ZEW) reported that the largest economy in Europe is suffering from the ongoing Corona virus crisis in China, where the virus led to a slowdown in the current situation in additi...

Bloomberg obliterates socialist Bernie Sanders over his 3 homes during Democrat debate Bloomberg obliterates socialist Bernie Sanders over his 3 homes during Democrat debate

And his massive campaign - with more than 2,000 staffers nationwide and more than $400 million United States spent on ads already - has given him enough of a boost to win high-profile endorsements and double-digit support in the polls. Should Biden s...

US Stocks Mostly Lower Following Apple's Coronavirus Warning US Stocks Mostly Lower Following Apple's Coronavirus Warning

Apple shares were down 2.28% at the bell after the firm told investors on Monday evening that it no longer expected to meet its quarterly revenue guidance, pointing to weakened production levels and lower demand in China in the wake of the Wuhan cor...

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