Saturday January 29-th, 2022

Full economic recovery may require coronavirus vaccine, says US Federal Reserve chief Full economic recovery may require coronavirus vaccine, says US Federal Reserve chief

But he repeated his message that the economy likely will need more government spending to support workers and businesses to allow the economy to recover, beyond the almost $3 trillion already approved by Congress. And a vaccine would likely be necess...

Coronavirus: US fed chief sees 30% crash and quick rebound Coronavirus: US fed chief sees 30% crash and quick rebound

There have been a range of opinions from Minneapolis Federal Reserve Bank President Neel Kashkari saying he doesn't believe a quick recovery is likely to St Louis Federal Reserve Bank President James Bullard's opinion that the economy was doing well ...

Oil prices recover on demand revival signs, Brent at $33/bbl Oil prices recover on demand revival signs, Brent at $33/bbl

Futures in NY climbed around 4% after nearly doubling in a run of three weekly advances. Oil production in Iraq was also interrupted by protests. The American cuts come on top of nearly 10 million barrels a day of curbs from the OPEC+ alliance, whi...

Here's what Dyson's canceled electric auto would have looked like Here's what Dyson's canceled electric auto would have looked like

Now, Sir James Dyson , the company's CEO and founder shows us what the seven-seater vehicle would have looked like, and what it would have been capable of. It had a twin 200kW electric motors that could produce 536 bhp of power and 480 lb ft of t...

Alibaba's Jack Ma resigns from SoftBank board, Banking & Finance Alibaba's Jack Ma resigns from SoftBank board, Banking & Finance

Last September, he resigned as Alibaba's chairman , and is also expected to step down from its board at its annual general shareholder's meeting this year. The investment fund's $75bn of investments in 88 technology businesses were valued at $69.6bn...

General Atlantic to invest $870m in Jio Platforms General Atlantic to invest $870m in Jio Platforms

General Atlantic is investing INR 6,600 Cr in Jio Platforms for 1.34% stake in the company which operates Reliance Jio and other digital services businesses. It further added that the recent stake sales and rights issue give visibility on Rs 1.3 l...

Nissan could move production of two Renault SUV models to Sunderland plant Nissan could move production of two Renault SUV models to Sunderland plant

Moving production of Renault models to Britain's biggest vehicle plant would also send a strong signal over Nissan's commitment to the United Kingdom as the giant carmaker prepares to cut global production by a fifth. A strategic report is due by Nis...

U.S. tightens restrictions on Huawei’s chip supply U.S. tightens restrictions on Huawei’s chip supply

During an interview with CNBC in March, rotating chairman Eric Xu of Huawei indicated the Chinese government would consider taking steps against the US if further sanctions were announced . In May 2019, the USA government imposed a ban on Huaw...

China ignoring calls for talks to ease tensions: Australia China ignoring calls for talks to ease tensions: Australia

A coalition of 62 countries, including Britain, Indonesia, Japan, Russia, South Africa, South Korea, and Turkey, have backed a joint Australia-EU initiative for an independent investigation into the coronavirus outbreak , ABC news reported.

Fed’s Powell says full economic recovery may require coronavirus vaccine Fed’s Powell says full economic recovery may require coronavirus vaccine

Federal Reserve Chair Jerome Powell expressed optimism Sunday that the US economy can begin to recover from a devastating recession in the second half of the year, assuming the coronavirus doesn't erupt in a second wave. "There'll be a big decline in...

Royal Mail boss resigns after testy two years battling postal unions Royal Mail boss resigns after testy two years battling postal unions

Royal Mail said on Friday it had committed just under £40m to purchasing PPE for employees. Compared to the same month a year ago, revenue in the UKPIL business fell by £22m in April, following a "substantial switch" from letters to parcels in the...

Tesla May Deploy 'Million-Mile' Batteries in China Later This Year Tesla May Deploy 'Million-Mile' Batteries in China Later This Year

New low-priced batteries created to last a million miles are being developed to enable Tesla to sell electric cars profitably at the same price or less than comparable gasoline cars, reports Reuters . Dahn and his team began an exclusive five-ye...

William Hill sees revenues plunge 57% during COVID-19 pandemic William Hill sees revenues plunge 57% during COVID-19 pandemic

Online International net sales increased 35 percent over the span as a result of good gaming success, including a Spanish launch for its Mr Green company. "In light of the limited visibility regarding the nature and duration of COVID-19 related restr...

Six McDonald's Drive Thru Restaurants To Reopen In Dublin Six McDonald's Drive Thru Restaurants To Reopen In Dublin

McDonald's is to reopen its first 30 drive-through restaurants as early as next week as it pushes forward with its reopening plans. The branch at Bellegrove Road, Welling, will also open. "The guide also shows how complex - and expensive - reopenin...

Renegade Barber Who Tested Positive for COVID May Have Exposed Hundreds Renegade Barber Who Tested Positive for COVID May Have Exposed Hundreds

Carol Smith, Ulster County health commissioner, said in a statement on the Ulster County Department of Health and Mental Health's website. While Ulster County along with other pieces of NY have entered Phase One of this nation's reopening p...

Singapore Airlines posts first annual loss on fuel hedges, Covid-19 Singapore Airlines posts first annual loss on fuel hedges, Covid-19

Singapore's national carrier reported its first ever full-year loss in 48 years of history, as demand for air travel collapsed in the first quarter of 2020 amid the COVID-19 pandemic. The recent collapse in oil prices also led to Sg$710 million of fu...

Saudi sovereign fund buys minority stakes in Citi, Boeing, Facebook Saudi sovereign fund buys minority stakes in Citi, Boeing, Facebook

Saudi Arabia's state-owned Public Investment Fund has been actively investing in blue-chip companies around the world at least since March, the Financial Times reported, citing a USA regulatory filing. of Saudi Arabia and drive the country economic...

McDonald's outlet caught up in coronavirus outbreak McDonald's outlet caught up in coronavirus outbreak

During questioning it was revealed that no close contacts were identified or tested for a number of days, because the original worker stated he was working in the boning room by himself. "To allow for those that may not be cleared in time, we plan to...

Coronavirus: Self-employed grant claims top one million Coronavirus: Self-employed grant claims top one million

Profits, based on an average of the last three years, must be no more than £50,000, and at least equal to any non-trading income, such as employment income, dividends or rental income. More than one million self-employed people whose businesses are a...

Lufthansa restores routes, targets 1,800 weekly flights Lufthansa restores routes, targets 1,800 weekly flights

Group airlines that had brought operations to a near halt will operate about 1,800 weekly flights to 130 destinations by the end of June, Lufthansa said in a statement. In total, the group will offer 63 weekly departures from the start of next mont...

China's factory output posts first increase for 2020, but consumption still weak China's factory output posts first increase for 2020, but consumption still weak

That brought the production of the metal in the January-to-April period to 11.83 million mt, up 2.4% from the same period past year, smaller than an increase of 2.7% seen in January-March. The statistics bureau's spokesperson Liu Aihua told reporters...

Restaurant slammed for 'COVID-19 surcharge' on meal Restaurant slammed for 'COVID-19 surcharge' on meal

It wasn't long before the discussion switched platforms and others began bombarding the restaurant on Facebook . "Why should customers keep paying more?" In the end the restaurant made a decision to take the surcharge off and raise prices acro...

DOJ and state regulators prepare to file antitrust lawsuits against Google DOJ and state regulators prepare to file antitrust lawsuits against Google

A spokesman for the Justice Department declined to comment. The report , citing anonymous sources, said the case may also address how Google uses its dominant search business to stifle competition. Since last spring, a bipartisan group of lawmaker...

Tesla is working on making electric cars less expensive Tesla is working on making electric cars less expensive

Tesla is apparently on the verge of making electric vehicles cheaper than internal combustion vehicles, thanks to a new battery technology partly developed in Canada. Reuters also says the new batteries will rely on low-cobalt components and che...

Ford’s Launches of F-150 and Bronco to Be Delayed by Months Ford’s Launches of F-150 and Bronco to Be Delayed by Months

More importantly, when you're on the road, the rear-wheel drive model can get 61 miles of range with 10-minute charge, while the all-wheel-drive model can get 52 miles of range (the standard range can get 46 miles and 42 miles during that time).

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