Friday January 28-th, 2022

Alphabet subsidiary Sidewalk Labs shuts down its Toronto smart neighbourhood project Alphabet subsidiary Sidewalk Labs shuts down its Toronto smart neighbourhood project

Last year, Sidewalk sharply curbed their proposed city from a almost 200-acre sprawl to one less than a tenth that size, not to mention some pretty public resignations from the project's oversight committee citing Sidewalk's "apathy" towards the ...

Coronavirus: 'Stay alert' slogan rejected by Wales' health minister Coronavirus: 'Stay alert' slogan rejected by Wales' health minister

Sharing what are believed to be the new rules, the 55-year-old PM wrote: "Everyone has a role to play in helping to control the virus by staying alert and following the rules.This is how we can continue to save lives as we start to recover from coro...

Will PPP loans save small businesses? Even $530 billion can’t fix everything Will PPP loans save small businesses? Even $530 billion can’t fix everything

The loan provides eight weeks of payroll and certain overhead in order to keep workers employed. The low-interest, forgivable loans are meant to be a lifeline for small businesses and nonprofits during the COVID-19 pandemic, helping them to keep th...

Uber Q1 Earnings Show Massive Losses Due To Coronavirus Uber Q1 Earnings Show Massive Losses Due To Coronavirus

He added that Eats was now up more than 50% year-over-year as more people ordered food, with more restaurants signing up during the pandemic. On Tuesday, California sued the companies, citing the state's gig-economy law that took effect January 1, sa...

Rolls-Royce signals potential job cuts as 4,000 workers furloughed Rolls-Royce signals potential job cuts as 4,000 workers furloughed

This release by Rolls-Royce follows its founding role in establishing the global Emergent Alliance, a voluntary group of technology companies and data science specialists working together to find new ways to accelerate and smooth the path to economic...

Starling Bank Approved as Bounce Back Loan Provider Starling Bank Approved as Bounce Back Loan Provider

The initiative provides small businesses with 100% government-backed loans of up to £50,000, to help cope with the financial impact of COVID-19. The first 12 months are payment- and interest-free. "These nine newly accredited lenders for CBILS will...

Debenhams set to close another five stores Debenhams set to close another five stores

The likely 6% cut in its workforce comes as the retailer went into administration last month for the second time in a year, seeking to protect itself from legal action by creditors during the pandemic that could have pushed it into liquidation.

The IIHS has given the Jeep Wrangler its updated safety ratings The IIHS has given the Jeep Wrangler its updated safety ratings

Fiat Chrysler has questioned IIHS engineers' methods of attaching the vehicle to the crash propulsion system. In the crash test, the IIHS said the Wrangler was "Acceptable" at protecting its driver during the small-overlap crash test, which simu...

COVID-19: President Trump expecting 95000 more deaths COVID-19: President Trump expecting 95000 more deaths

White House press secretary Kayleigh McEnany said there was no risk of a White House outbreak or threat to Trump . The White House also said the leaders talked about the possibility of creating a new nuclear accord between the U.S., Russian Fed...

Pandemic destroys 20.5m U.S. jobs in April in historic collapse Pandemic destroys 20.5m U.S. jobs in April in historic collapse

The true unemployment rate may be closer to 19.5 percent, the government said in a note attached to its report. Many of these workers were already living paycheck-to-paycheck and had the least cushion before the pandemic hit. There have been thre...

Guy Fieri raised $20 million for restaurant workers amid pandemic Guy Fieri raised $20 million for restaurant workers amid pandemic

The almost nationwide lockdown brought about by the COVID-19 contagion has hurt the restaurant industry has hard as any. According to new unemployment numbers released this week, 20.5 million jobs were lost in April alone, the most sudden and larges...

Feds reject eight million N95 masks from a single distributor

During his daily press conference on May 9, Justin Trudeau was asked about the multi-millions of masks that failed to meet standards and specifications. And that will continue if there are measures that are relaxed too soon. The comments came le...

Q4 results: ICICI Bank net profit up 26% to ₹1,221.36 crore

Gross non-performing assets (NPAs) stood at Rs 41,409.16 crore or 6.04 per cent of gross advances as on March 31, 2020 as against 7.38 per cent a year ago. Net interest margin improved to 3.87 percent during the quarter, compared to 3.77 percent duri...

European Central Bank says German court ruling will not stop its bond-buying campaign European Central Bank says German court ruling will not stop its bond-buying campaign

In an unprecedented statement this Friday, the European Court of Justice hit back, saying that "divergences between courts of the member states as to the validity of such acts would be liable to place in jeopardy the unity of the EU legal order and t...

SBA clarifies nonprofit hospitals are eligible for PPP loans SBA clarifies nonprofit hospitals are eligible for PPP loans

More than 900,000 of those loans, worth $57,296,660,188, were issued by small lenders. Potential loan forgiveness is based on the borrower maintaining or quickly rehiring employees while maintaining salaries and hours. "For this federal program to ...

Cruise lines extending service suspension until Summer 2020 | Etcetera Cruise lines extending service suspension until Summer 2020 | Etcetera

The cruise line also announced that Amsterdam will not operate the 79-day Grand Africa Voyage from Boston, Massachusetts, to Fort Lauderdale, Florida, that was scheduled to depart on October 3, 2020. The matching bonus FCC will not exceed the base ...

FDA Grants Emergency Use Authorization For 1st Coronavirus Antigen Test FDA Grants Emergency Use Authorization For 1st Coronavirus Antigen Test

These were confirmed through two consecutive PCR negative tests from samples taken at least 24 hrs apart in line with the World Health Organization guidance. Each category of diagnostic test has its own unique role in the fight against this virus. ...

Oil steadies as China imports rebound but glut weighs

The cost of July futures for Brent crude on London's ICE Futures exchange by 18:23 Moscow time made $of 30.03 per barrel, or $0.57 (1,93%) above the price of closing of previous session. Distillate inventories also rose sharply. USA crude invento...

Oil jumps 10% as Saudi raise prices Oil jumps 10% as Saudi raise prices

In the previous session, the price dropped 4%. Oil prices rose on Friday as more countries began easing lockdowns set in place to stop the coronavirus spreading, giving hope that demand for fuels will pick up after the economic devastation ...

Wizz Air : plans for easing of restrictions with holiday flights from June Wizz Air : plans for easing of restrictions with holiday flights from June

The airline said its passenger number for April collapsed by 99.6% to 40,000 from 13.5 million the same month previous year. Owain Jones, the managing director of Wizz Air UK, said: "Although travel is now restricted by government regulations, we...

Travel, Tourism & Hospitality London Heathrow to trial Covid-19 detection technologies

The package of measures that will need to be adopted will consist of tried and tested processes and technology as well as innovations new to the airport environment. Hong Kong are currently using temperature screening and are now testing robots to cl...

GOP says House Democrats 'cowering' from coronavirus GOP says House Democrats 'cowering' from coronavirus

Pelosi added that she has to get an agreement among her caucus on the bill's many provisions prior to next week, when a Democratic-led House is expected to be in session and a vote could be cast. "We had the Great Depression - Hoover said let's just ...

USA jobless rate triples to 14.7% in sharpest labour downturn USA jobless rate triples to 14.7% in sharpest labour downturn

The job losses shattered the post-WWII record of 10.8 percent touched in November 1982. The unemployment rate in the industry was 1.8% in the March report. "The next relief package ", Gould concluded, "should also include worker protections, a pa...

Trump's personal valet tests positive for coronavirus Trump's personal valet tests positive for coronavirus

Another senior administration official said that a mandatory mask policy had not been implemented yet, either in the West Wing or in theEisenhower Executive Office Building across the street from the White House, where the vice president's offices ...

Oil Prices Extend Gains on Demand Hopes as Lockdowns Ease Oil Prices Extend Gains on Demand Hopes as Lockdowns Ease

Both contracts are heading for a second week of gains after the lows of April, when US oil crashed below zero, with Brent advancing more than 12% this week and WTI up 20%. USA crude stocks and distillate inventories rose while gasoline inventor...

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