Wednesday January 26-th, 2022

Govt amends FDI policy, bars opportunistic investment by neighbouring nations including China Govt amends FDI policy, bars opportunistic investment by neighbouring nations including China

The move is likely to have implications for future investments by venture capital funds and the startup segment that had seen rise in Chinese investments over last few years and may have deals inked for future infusion from their investor. "The gover...

Saudi Aramco says it will increase oil production capacity

Crude oil prices fell again on Thursday, adding to steep losses in the previous session after the United States banned travel from Europe following a declaration that the coronavirus outbreak is now a pandemic. That encourages oil firms and t...

How the coronavirus stimulus check could impact your 2020 taxes How the coronavirus stimulus check could impact your 2020 taxes

She assured people that banks would reverse the payments back to the IRS and that paper checks will later be issued to affected persons. The majority of eligible Americans - more than 80 million, according to Mnuchin - who filed their taxes in 2018...

Airbnb Secures New $1B Loan on Top of $1B Bond Deal Airbnb Secures New $1B Loan on Top of $1B Bond Deal

Airbnb , whose dwelling rental enterprise is struggling because the coronavirus pandemic freezes worldwide journey, has secured a new $1 billion loan simply days after closing a $1 billion debt deal, sources instructed 1 on Tuesday. Airbnb is paying...

Coronavirus Patients Recovering Quickly After Receiving Experimental Drug Coronavirus Patients Recovering Quickly After Receiving Experimental Drug

For example, patients on ventilators die at a much higher rate than those only on oxygen support; in fact, data from the China CDC covering more than 40,000 confirmed cases of coronavirus indicated that nearly half of the more than 2,000 "critical" p...

Strict EU Emission Regulation Have Killed The Ford Focus RS

Quoting company officials, French publication Caradisiac reports that the automaker has chose to not offer an RS version of the fourth-gen Focus. Rumors have been running rampant that the next-generation auto would have 400 horsepower and be a hy...

House Dems propose payment of $2K a month to Americans House Dems propose payment of $2K a month to Americans

There have been many job layoffs and it seems like the economy is spiraling downwards. Yang's proposal just before the pandemic struck the USA, had been met with skepticism and even derision from conservatives. A married couple making under $260,...

Global oil production to witness 20 Mln Bpd drop due to OPEC Global oil production to witness 20 Mln Bpd drop due to OPEC

This weekend's OPEC + deal to slash production by 9.7 million barrels a day amounts to the largest coordinated cut in history, but the decision doesn't go into effect until May and is still dwarfed by the decline in oil consumption as the coronaviru...

China's economy shrinks for first time since Cultural Revolution China's economy shrinks for first time since Cultural Revolution

It was the first negative growth reported by the world's second-largest economy since it began logging quarterly data in the early 1990s. Nomura expects Beijing to deliver a stimulus package in the near-term, which could be financed by the cent...

United States stocks open higher. Dow and S&P outperform United States stocks open higher. Dow and S&P outperform

Kinahan, chief market strategist at TD Ameritrade, said. Big U.S. lenders rebounded in premarket trading with Bank of America Corp, Citigroup Inc and JPMorgan Chase & Co rising between 4.3% and 5.4% after being hammered this week on reporting sever...

Trump says U.S. moving to reopen economy in wake of virus peak Trump says U.S. moving to reopen economy in wake of virus peak

If a locality shows downward trends in symptoms and cases related to the coronavirus, and its hospitals can "treat all patients without crisis care" and put a "robust testing program" into place, then some businesses can start to reopen again.

China's GDP shrinks for first time in recorded history China's GDP shrinks for first time in recorded history

But the coronavirus which devastated China and the world ever since it broke out in Wuhan in December last year has dealt a major blow to the Chinese economy which was already in a slowdown mode in the last few years due to steady shrinking of its ...

Bitcoin’s Recent Action Eerily Identical to $10,500 Top, Buyers Be Aware Bitcoin’s Recent Action Eerily Identical to $10,500 Top, Buyers Be Aware

CME gap might not be the only reason for bitcoin to retest the $3,000 region in the coming weeks, but it has left many traders anxious about the crashing price of the cryptocurrency. Throughout the past day Bitcoin has faced multiple rejections at $7...

Coronavirus UK - Furlough scheme extended to end of June Coronavirus UK - Furlough scheme extended to end of June

The Coronavirus Job Retention Scheme has been extended until the end of June, chancellor Rishi Sunak has announced today. The decision was widely anticipated after the government confirmed Thursday that it was extending the coronavirus lockdow...

PM: $1.7B investment in energy sector PM: $1.7B investment in energy sector

Ottawa will also establish a $750 million emissions reduction fund that will provide repayable loans to companies to help them reduce waste and pollution. The combined package of spending and loans will target the oil and gas sector, small companies ...

Thousands of businesses at risk as Furlough scheme could be delayed Thousands of businesses at risk as Furlough scheme could be delayed

Each job will be capped at £2,500, meaning that if an employer works two jobs and their salary accounts for it, they can claim £5,000 in Government furlough. As of April 15 the eligibility cut-off has been extended to help more people in the current ...

Millions of renters expect to lose their job in next three months

A further 23% said losing their job would make them immediately unable to cover rent. You can find out more about how to apply for Universal Credit here. "Our services are already hearing from families in homes they could comfortably afford under n...

US purged another 5.2 million jobs last week US purged another 5.2 million jobs last week

If a person misses their day, the last day to file is Saturday. "The speed and scale of job losses will be more similar to a natural disaster than a typical recession", said Dante DeAntonio, an economist at Moody's Analytics in West Chester, Pennsy...

Oil tumbles to 18-year low as coronavirus dings China GDP Oil tumbles to 18-year low as coronavirus dings China GDP

China's first-quarter gross domestic product fell 6.8 percent year-over-year in the January-to-March period, according to the National Bureau of Statistics, larger than the 6 percent drop that economists surveyed by Reuters were expecting. The urban ...

Coronavirus: British fashion retailers Oasis, Warehouse fall into administration Coronavirus: British fashion retailers Oasis, Warehouse fall into administration

Hundreds of staff have been made redundant after Oasis and Warehouse called in the administrators. 202 staff across 92 stores and 437 concession branches have already been made redundant, with the rest now furloughed under the government's sche...

Boeing to restart airplane production in Seattle next week with 27,000 workers Boeing to restart airplane production in Seattle next week with 27,000 workers

Production stopped March 25 and was originally planned for 14 days , McClatchy News reported . The news will send about 27,000 local employees back to work. "Earlier this week Boeing restarted mostly defense production operations in the region with...

Crypto Scams are Coming — The FBI Crypto Scams are Coming — The FBI

These donations are nearly always nothing more than an attempt by a scammer to launder funds, using an unwitting individual as a mule. The incident outlined in the Federal Bureau of Investigation report issued this week is one in a series of allege...

China's economy shrinks 6.8% China's economy shrinks 6.8%

Crude runs over the period came in at 149.28 million tonnes, or about 11.98 million barrels per day (bpd), down 4.6 percent from a year earlier, National Bureau of Statistics data shows. China's urban jobless rate was at 5.9 percent in March, down fr...

Four new positive COVID-19 cases as Manitoba extends public health orders Four new positive COVID-19 cases as Manitoba extends public health orders

Both testing sites were closed for the day on Friday, according to a spokesperson for the Prairie Mountain Health region. "This is not the time to lift anything, we can't relax our efforts at this point". 365 tests were performed at Cadham Provinci...

RBI Cuts Reverse Repo Rate Amid Coronavirus Crisis RBI Cuts Reverse Repo Rate Amid Coronavirus Crisis

The policy repo rate remains unchanged at 4.40 per cent, and the marginal standing facility rate and the Bank Rate remain unchanged at 4.65 per cent. However, to ensure the health of the financial system is also protected while allowing for these r...

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