Friday January 28-th, 2022

US crude falls below $15 as virus throttles demand US crude falls below $15 as virus throttles demand

U.S. crude crashed to below $15 a barrel on Monday, its lowest level for over two decades, as concerns about a virus-triggered demand shock and lack of storage eclipsed an output cut deal. The feud was resolved two weekends ago when the OPEC+ oil car...

IPhone 12 Might Finally Reduce the Size of the Notch IPhone 12 Might Finally Reduce the Size of the Notch

After getting leaked CAD based renders of the iPhone 12 , we now have another leak about the upcoming smartphone claiming that it will come with a smaller Face ID notch. Apple will also have LIDAR 3D sensor for more advanced AR capabilities. The iPh...

Coronavirus loan scheme extended to large businesses Coronavirus loan scheme extended to large businesses

All lenders are looking to provide support quickly and flexibly and will take into account a business's individual circumstances in accordance with the terms of the scheme. Total lending under the scheme has increased rapidly from £453 million on 6 A...

Brent oil down 5% with Saudi, UAE to ramp up output Brent oil down 5% with Saudi, UAE to ramp up output

Brent crude LCOc1 was trading down $1.91, or 5.3%, at $33.88 by around 0339 GMT, slightly above earlier lows. The primary motivation behind the Saudi move is to protect its own share of the global oil market, which is under threat from a combinat...

TSX inches above four-year low, but virus pressure persists TSX inches above four-year low, but virus pressure persists

The S&P 500 index was down 211.74 points at 2,459.28, while the Nasdaq composite was down 626.16 points at 7,248.07. Stocks swung wildly Tuesday as Wall Street struggled to recover from its worst day in more than 30 years amid more monetary stimulu...

Neiman Marcus Plans to File for Bankruptcy Neiman Marcus Plans to File for Bankruptcy

It's believed that the company will be the first of many USA retailers to do so as the coronavirus pandemic has led to crushing financial realities since many states have forced non-essential businesses to close. A Standard & Poor's note last week ...

United Kingdom regulator clears Amazon investment in virus-hit Deliveroo United Kingdom regulator clears Amazon investment in virus-hit Deliveroo

The CMA had said it would investigate following the announcement that Amazon planned to acquire a minority stake in the delivery business in May 2019. Amazon did not respond to a request for comment. If Deliveroo is forced to exit the market, the onl...

NI Executive receives €57m cash injection to tackle coronavirus NI Executive receives €57m cash injection to tackle coronavirus

There were 13,729 hospital deaths from COVID-19 across the United Kingdom as of 1600 GMT on April 15, the fifth highest official death toll in the world. This is three times the increase in deaths compared to the figures released on Wednesday. Earl...

Goldman Sachs predicts 36% drop in iPhone shipment Goldman Sachs predicts 36% drop in iPhone shipment

Qualcomm was lowered to sell from neutral with a $61 target and Goldman initiated HP (HPQ) at sell with an $11 target. Goldman said it does not expect the company to launch the upcoming iPhone models until early November. Apple no longer announces th...

China March steel output down 1.7% y/y - stats bureau China March steel output down 1.7% y/y - stats bureau

China's financial system contracted by 6.8% within the first three months of 2020 from the identical interval a year in the past - its highest drop in nearly three many years, because of the nation's manufacturing facility output and home spending fl...

Ford warns of $2 billion quarterly loss as coronavirus outbreak hammers sales Ford warns of $2 billion quarterly loss as coronavirus outbreak hammers sales

The automaker, which has shuttered production in the USA and Europe, had said previously it expects revenues during the period of $34 billion, down 15.7 percent from the same timeframe a year ago. Ford's vehicle sales to dealers fell 21% in the fir...

Experimental virus drug remdesivir effective in monkeys Experimental virus drug remdesivir effective in monkeys

These drugs interfere with the viral polymerase enzyme (which in the case of HIV is known as reverse transcriptase), acting as defective building blocks that prevent a virus from copying its genetic material. "We've only had two patients perish", she...

COVID-19 tracing app COVID-19 tracing app "not mandatory" for Australians: PM

As well, former Nationals leader Barnaby Joyce said Australia is doing an extraordinary job of flattening the curve "by reason that we are overwhelmingly decent and logical people". Australian Prime Minister Scott Morrison has stated that the app i...

United Kingdom ticket holder wins £58 million EuroMillions jackpot

A claim has been submitted for the £58.3m EuroMillions jackpot won on Friday by a single United Kingdom ticket holder. Friday's winning main numbers were 16, 28, 32, 37, and 45 - with lucky star numbers 1 and 11. 'We will now focus on supporting ...

China reports 16 new Covid-19 cases, lowest since March 17 China reports 16 new Covid-19 cases, lowest since March 17

Worldwide, more than 2,153,000 people have been infected with COVID-19 and over 144,000 of them have died from the disease, according to Johns Hopkins University. According to the risk criteria defined in a guideline issued by China's State Council, ...

Police launch investigation 'like no other' into Ruby Princess disaster Police launch investigation 'like no other' into Ruby Princess disaster

Princess Cruises "chose to place profits over the safety of its passengers, crew and the general public in continuing to operate business as usual", the lawsuit claims. The action alleges the company was aware of a coronavirus outbreak on the shi...

Africa still needs $44 bn to fight coronavirus pandemic Africa still needs $44 bn to fight coronavirus pandemic

The United States of America has been hit the hardest: More than 710 272 cases have been reported in the US, amounting to 37 175 deaths in total. Other multilateral development banks (MDBs), such as Asian Development Bank, and Inter-American Develo...

DeSantis: Fla. public schools to remain closed for remainder of academic year DeSantis: Fla. public schools to remain closed for remainder of academic year

It's been tough around the house they would like to see them go back, but I think as we look at the clock and we look to see what it would look like, we've got pretty good momentum for distance learning. The governor initially closed public school bu...

VW Tiguan Facelift Looks Mighty Athletic In Official Teaser VW Tiguan Facelift Looks Mighty Athletic In Official Teaser

The 2021 Volkswagen Tiguan will get a bunch of cosmetic updates including a heavily redesigned front fascia featuring a new bumper, a sleeker grille, and sharper air inlets. For the interior, Volkswagen has confirmed the infotainment systems MIB3 r...

Amazon CEO Jeff Bezos Bought a New Apartment for $ 16 million Amazon CEO Jeff Bezos Bought a New Apartment for $ 16 million

Bezos said Amazon has begun the work of building incremental testing capacity with a team of research scientists, program managers, procurement specialists and software engineers who have been relieved of their normal duties to focus on the task o...

China’s economy contracts for the first time on record China’s economy contracts for the first time on record

Construction of major infrastructure projects was also suspended. The bureau, however, voiced wariness over the future course of the economy , saying, "We are now facing rising pressure of the prevention of imported epidemic infections and new dif...

Small business loans available to help with economic impact of Coronavirus Pandemic Small business loans available to help with economic impact of Coronavirus Pandemic

The U.S. Small Business Administration makes the American dream of business ownership a reality. Technical glitches, lender frustrations, and lawmakers even stay tweeting their very own issues with Friday's rollout overshadowed the primary hours of...

The Latest Lego Technic Model Is A Ducati Panigale V4 R The Latest Lego Technic Model Is A Ducati Panigale V4 R

Other features include realistic steering, suspension to help with high-octane action and front and rear disc brakes. Never before has " LEGO Build for Real" transported fans from game to reality. We saw a Technic vehicle with a gearbox when the Leg...

TVS Motor Company Successfully Acquires Norton Motorcycles In All-Cash Deal TVS Motor Company Successfully Acquires Norton Motorcycles In All-Cash Deal

United Kingdom, April 17, 2020: BDO LLP business restructuring partners Lee Causer, Ryan Grant and Danny Dartnaill have secured the sale of certain assets of Norton Motorcycle Holdings Limited (in administration) and Norton Motorcycles (UK) Limited ...

Saudi Aramco to Supply 8.5 Million Barrels per Day from May Saudi Aramco to Supply 8.5 Million Barrels per Day from May

The WTI Crude Oil market has turned around to form a massive hammer which suggests that there is a lot of volatility but at this point it looks very likely that the $30 level above will continue to be resistance, just as the $20 level could be supp...

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