Saturday January 29-th, 2022

Intel pays $900m to acquire Israel's Moovit Intel pays $900m to acquire Israel's Moovit

Moovit will join the Mobileye team, accelerating its "ability to truly revolutionize transportation", Intel said. Moovit is the developer of a trip planning app that uses crowdsourced, real-time user data and company/city transit APIs.

Costco limits meat purchases as supply shortages loom Costco limits meat purchases as supply shortages loom

Costco announced it is limiting the amount of fresh meat a customer can purchase at a given time. The order will provide legal cover for meat plants facing localized outbreaks of the coronavirus. In a May 1 survey of 130,578 meat processing plant w...

Court rules that Germany has to leave European Central Bank bond scheme

By buying up government bonds - so far totalling 2.2 trillion euros - QE is created to drive private investors' cash into riskier investments, stoking economic growth and in turn powering inflation towards the ECB's goal of just below two percent.

All Carnival Spirit Alaskan cruises from Seattle are canceled

Carnival announced its plans to restart its cruising on Monday. They specifically said that they will take a measured approach towards bringing sailings back, phasing in some cruises starting in August. Cruising, which supports 5,500 regional jo...

British trade talks with U.S. begin Tuesday British trade talks with U.S. begin Tuesday

Jeff Emerson, the spokesman for the US trade representative , added: "I can confirm the talks start Tuesday by video-conference". While UK negotiators are hoping to boost trade in digital services, expect U.S. Meanwhile TH UK is also in trade negotia...

Amazon executive says he quit to protest employee firings

In the blog, Bray said Amazon warehouse exployees concerned about work conditions amid the cornavirus pandemic had reached out to two tech workers, Emily Cunningham and Maren Costa , who were members of Amazon Employees for Climate Justice (AECJ), a...

Trump ‘Very Confident’ of COVID-19 Vaccine by End of 2020

Asked if he should change the tone at the White House COVID-19 daily briefing, he said again that he's done a "great job" in handling the virus, but he was greeted with "hostile" questions. After more than a month of being cooped up at the White Ho...

Trump expects United States to have COVID-19 vaccine by end of year Trump expects United States to have COVID-19 vaccine by end of year

The president said of his monumental backdrop: "We never had a more attractive set than this". He said the Democrats and "enemies" are committed to investigating his response to the virus, which he referred to as the "impeachment hoax". He said the...

Australian Apple stores to re-open Thursday

The only store that will not be re-opening is the Sydney CBD location as it is still in the middle of an upgrade. On Monday Apple CEO Tim Cook announced that Apple stores in Austria and Australia would be back in the next one to two weeks.

Qantas puts world’s longest flight plan on hold amid Covid-19 Qantas puts world’s longest flight plan on hold amid Covid-19

Qantas Group chief executive Alan Joyce said: "Our cash balance shows that we're in a very strong position, which under the circumstances we absolutely have to be". Qantas has announced it is extending its worldwide flight cancellations through to th...

Intel pays $900 million for Israeli transit technology company Moovit Intel pays $900 million for Israeli transit technology company Moovit

The deal had been reported in advance by Israeli media. It would mark the third billion-dollar-plus acquisition of an Israeli company in the past three years for Intel following the company's $2 billion acquisition of Habana Labs in December and ...

Accusations Are Flying Between the United States and China

Relations between the U.S. and China seem to be getting worse by the day, as Beijing pushes back against renewed White House insistence that the coronavirus originated in a Chinese lab. He said there is "a significant amount of evidence" that t...

Sensex crashes 2000 points at close; financials, auto stocks worst-hit Sensex crashes 2000 points at close; financials, auto stocks worst-hit

Reliance Industries, which was initially very strong in trade, after the company announced that Silver Lake was To Invest Rs 5,655.75 Crore In Jio Platforms dropped nearly 2 per cent. Bourses in Hong Kong and Seoul were plunged up to 4 per cent, whil...

Treasury says April-June borrowing will be a record $2.99T Treasury says April-June borrowing will be a record $2.99T

The Treasury Department plans to borrow $2.99 trillion in the second quarter to foot the bill for the government's widespread stimulus response to the coronavirus. Treasury originally had estimated to pay down the debt this April-June quarter by $50 ...

Westpac earnings plummet, halts dividend, flags insurance and wealth exit Westpac earnings plummet, halts dividend, flags insurance and wealth exit

Hit by steep costs from a money laundering scandal and a surge in charges for bad loan provisions due to the coronavirus outbreak, Australia's second-largest lender said it would postpone its decision on whether to pay an interim dividend and revie...

More than 4000 PPP loans approved in state during second round More than 4000 PPP loans approved in state during second round

Federal officials on Friday warned small businesses to be alert for scammers looking to take advantage of federal aid for entrepreneurs struggling during the coronavirus pandemic . According to the latest SBA figures that cover the first week of the...

Dollar Tree shopper accused of wiping face on employee's shirt

Investigators said the employee asked the customer to wear a mask, and there are signs posted on the store's entry doors instructing people to follow the policy. Holly Police said the man was loud and disruptive before finally leaving the store in w...

Tesla applies to generate electricity in UK market Tesla applies to generate electricity in UK market

At the time of writing, Tesla had not responded to CGTN Europe's enquiries about their plans for the electricity license. Additionally, Tesla confirmed on its website that the software is successfully operating at the Hornsdale Power Reserve (HPR) ...

J.Crew files for Chap. 11 as pandemic smothers retail J.Crew files for Chap. 11 as pandemic smothers retail

Millard "Mickey" S. Drexler, a longtime leader of the chain known for his fashion acumen who also at one point helmed Gap Inc, conceded he misjudged how technological developments would alter the retail landscape. The most vulnerable are losing the a...

Carnival to restart some USA cruises on August 1

The "phase in" resumption is set to begin with a total of eight ships from Miami , Port Canaveral and Galveston , the beleaguered cruise operator said in a statement . All Carnival Splendor cruises in Australia from June 19 to August 31 will be ...

Worcester’s Walmart to remain closed as city sees more coronavirus cases Worcester’s Walmart to remain closed as city sees more coronavirus cases

That prompted the city's Medical Director, Dr. Michael Hirsh, to issue an order for the store to close on Wednesday. Once those employees are tested, inspectors will check the store one final time, he said. "We will continue working with local offici...

Amazon vice president resigns over protester firings, condemning company's 'climate of fear' Amazon vice president resigns over protester firings, condemning company's 'climate of fear'

A senior Amazon software engineer has resigned after five years at the company, citing in a weekend blog post his "dismay" over management's decision to fire critics of its labor practices during the coronavirus crisis. Bray said that his work ...

Uber shuts down Eats operations in eight smaller markets Uber shuts down Eats operations in eight smaller markets

Uber says the move aligns with its strategy to be in the leading or second position of all Eats' markets. In a statement published on Monday on the website of the U.S. This, in turn, would affect about 50 full-time roles. Uber said the disco...

"Bad news", says Gov.Andrew Cuomo for NY

The Democratic governor said it is simply too risky to reopen when the virus is still sending almost 1,000 people into the hospital every day. "We have to do better than that, and we will", Cuomo had said. "We were able to offload some of the volume ...

Goldman Sachs says oil demand to increase prices in 2021 Goldman Sachs says oil demand to increase prices in 2021

The Wall Street bank raised its 2021 forecast for global benchmark Brent to US$55.63 per barrel from US$52.50 earlier. Worldwide fuel demand fell by an estimated 30% in April largely due to stay-at-home orders, and weak consumption is expected to o...

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