Saturday July 4-th, 2020

Peugeot 208 wins 2020 European Car of the Year award Peugeot 208 wins 2020 European Car of the Year award

It scored 281 points , ahead of two full EVs: the Model 3 , which scored 242 points, and the Porsche Taycan (222 points). It was due to open tomorrow and run until March 15. The new Peugeot 208 has beat out six other finalists to claim Europe's...

Covid-19 could shrink world economy for first time since financial crisis

According to the latest OECD Interim Economic Outlook Forecasts, India's real GDP growth is expected at 5.1 per cent during the fiscal year starting April 1, 2020 and improve to 5.6 per cent in the following year. It became the first worldwide organi...

Amazon tells employees to defer all non-essential travel due to coronavirus Amazon tells employees to defer all non-essential travel due to coronavirus

Employees on Amazon's worldwide operations team, which oversees much of the company's technology and logistics globally, have been told not to travel either internationally or within the USA due to concerns about the coronavirus outbreak , The New ...

New Corona Virus Cases Prompt Further Fall in Global Oil Prices New Corona Virus Cases Prompt Further Fall in Global Oil Prices

Brent futures for April delivery, meanwhile, lost $US1.66, or 3.2 per cent, to settle at $US50.52 a barrel, while US West Texas Intermediate crude fell $US2.33, or 5.0 per cent, to settle at $US44.76. It was the largest weekly loss since the period o...

World Economy May Shrink Because of Coronavirus, Says Watchdog World Economy May Shrink Because of Coronavirus, Says Watchdog

The latest estimate was based on the assumption that the epidemic would peak in China in the first quarter of 2020 and outbreaks in other countries would prove mild, according to the interim report for a biannual OECD economic assessment.

Yen, euro gain on dollar as Fed rate cut talks heat up

That being said, the market is likely to run into a certain amount of resistance given enough time, and I do think that there is a lot of noise between the 1.10 level and the 1.11 level in this market, and I do think that we turn around eventually un...

Jack Welch dies at 84 Jack Welch dies at 84

In his 20 years as CEO, Welch transformed GE into one of the world's most admired and successful companies with his innovative management techniques . "When you become a leader, success is all about growing others", Welch wrote in a book called "Win...

Viral TikTok video shows Jeff Bezos’s net worth with Rice Grains Viral TikTok video shows Jeff Bezos’s net worth with Rice Grains

The latest one that has made even the non-TikTok viewers look up and notice. The 32-year-old e-commerce consultant, who is popular for creating easy-to-decipher financial literacy videos, has more than two lakh followers on the video-sharing appl...

Joe Coulombe, Founder of Trader Joe's, Dead at 89 Joe Coulombe, Founder of Trader Joe's, Dead at 89

Coulombe started his retail career with a chain of 18 convenience stores called Pronto Markets, but soon understood that 7-11 posed competition he couldn't beat. In a statement , Trader Joe's CEO Dan Bane said Coulombe was the flawless person at the...

Stocks rise as central banks vow to tackle coronavirus spread Stocks rise as central banks vow to tackle coronavirus spread

The financial institution could also ramp up other asset buys, these as exchange-trade fund acquiring, or carry out other emergency operations to secure liquidity to manage balance in Japan's marketplaces. The sheer scale of losses led financial mark...

All The Cars We Won’t See At This Year’s Geneva Motor Show All The Cars We Won’t See At This Year’s Geneva Motor Show

February 28, 2020, 12:36 p.m. CET The Geneva International Motor Show has officially been cancelled . The Swiss government banned large gatherings in order to curb the outspread of the virus. Past year more than 660,000 people attended the show an...

South Korea reports surge in number of virus cases South Korea reports surge in number of virus cases

As a precautionary measure, 30 others are to be quarantined, according to Prime Minister Nikol Pashinyan. Many countries facing new confirmed cases have been stepping up their efforts against the disease. Japan has also recorded more than 700 cas...

Can the Fed inoculate USA economy against virus impact?

Powell will panic again and use up the last of his key weapon, lower interest rates", economist Joel Naroff said in an analysis. "The Federal Reserve is closely monitoring developments and their implications for the economic outlook", he said.

Coronavirus to prompt RBA 'to cut rates in March'

Last week, the S & P 500 experienced its worst week since the financial crisis with more than $US6 trillion in value wiped, while the ASX also lost billions. China's blue-chip index CSI 300 index .CSI300 gained 3.3%. MSCI's broadest index of Asi...

Walmart Is Reportedly Starting a Membership Program Walmart Is Reportedly Starting a Membership Program

A Walmart spokeswoman confirmed the plans but declined to provide any details. The program would reportedly have perks that Amazon can't match and could be launched as soon as next month called Walmart+. TL;DR; As of February 28, you can take $10 ...

Fed Chairman Powell Makes Unscheduled Statement on Coronavirus Economic Damage Fed Chairman Powell Makes Unscheduled Statement on Coronavirus Economic Damage

The Federal Open Market Committee cut rates three times previous year, which puts the Fed in a good position to insure against adverse shocks, he said. More than 84,000 people have been infected with the virus worldwide, and over 2,800 have died, a...

$44 million winners' advice ahead of tonight's $50m draw

He said he bought a ticket "because all the people" were also buying tickets and talking about Lotto. Two winners split $25m each • What to do with $25 million? Wagh said the person who won that much "first of all will be busy counting all the mone...

United Airlines sharply cuts flights to Asia, cancels investor day United Airlines sharply cuts flights to Asia, cancels investor day

With investors firmly focused on how the company is managing the near-term impact of the coronavirus, United said it was not "practical to expect that it can have a productive conversation focused on its long-term strategy next week". United als...

Harley-Davidson President And CEO Matt Levatich Just Stepped Down Harley-Davidson President And CEO Matt Levatich Just Stepped Down

Harley-Davidson is said to be looking for its new leader through an outside search firm. Harley's motorcycle sales in the USA fell 5.2% in 2019, amid prolonged weakness in demand for the big, expensive touring bikes that make up the core of its...

McDonald's giving away free Egg McMuffins Monday McDonald's giving away free Egg McMuffins Monday

The new holiday comes at a time when McDonald's is celebrating 50 years of the Egg McMuffin, "the first-ever quick service restaurant breakfast sandwich", the fast-food chain said. But you can't just walk in and demand free food. Make sure you've ...

[American Airlines suspending flights to Milan after United States travel warning] [American Airlines suspending flights to Milan after United States travel warning]

The last flight before suspension departed MSP for Seoul's Incheon International Airport was Friday, with the last return flight leaving Saturday from Seoul for the Twin Cities. For those passengers whose flight has been cancelled, and who do not wis...

Amazon tells employees to pause nonessential travel in United States due to coronavirus

As of yesterday, the company is asking that travel of all kind - not just to specific countries with larger outbreaks, but domestic travel too - be put on hold. The majority of confirmed cases are in China, but the disease has spread rapidly over t...

EasyJet warns of softer Italian demand in wake of coronavirus EasyJet warns of softer Italian demand in wake of coronavirus

The crisis is exacerbating deep rooted problems in an airline industry grappling with overcapacity, environmental pressures and the grounding of Boeing's top-selling jet. Airline stocks have been among the biggest casualties of a stock market rout th...

Gold slumps Rs 222 on weak global cues Gold slumps Rs 222 on weak global cues

Experts believe that the prices will be impacted by rupee movement as well as global markets. A significant fall in crude oil and equity markets can see an increase in the spot prices of gold, as gold has become stronger as a safe haven for investo...

Chinese manufacturing hits record low amid coronavirus outbreak Chinese manufacturing hits record low amid coronavirus outbreak

The sombre readings present the first formal snapshot of the condition of the Chinese financial state because the outbreak of the coronavirus epidemic which has killed nearly 3,000 people today in mainland China and contaminated about 80,000.

IN CASE YOU MISSED IT