Wednesday January 26-th, 2022

WTI July Crude oil futures settle at $31.65 WTI July Crude oil futures settle at $31.65

Citigroup Inc. said the oil surplus weighing on the market in the second quarter is expected to turn into a record deficit in the third. But investors were disheartened by bearish remarks from Federal Reserve Chair Jerome Powell and Treasury Secr...

McDonald's in Australia forced to close after delivery driver tests positive McDonald's in Australia forced to close after delivery driver tests positive

The death toll stands at 98. The driver interacted with a small number of restaurant staff while asymptomatic, according to the McDonald's, and no other employees had tested positive as of Monday morning. Meanwhile, an abattoir at the centre of a m...

United Kingdom unemployment claims soar to 2.1 million United Kingdom unemployment claims soar to 2.1 million

The figures covered only the first weeks of the lockdown, said Jonathan Athow, deputy national statistician for economic statistics at the ONS. A Reuters poll of economists had produced a median forecast for a leap of 676,500 in the claimant coun...

What can the shutdown tell us about curbing carbon emissions? What can the shutdown tell us about curbing carbon emissions?

The issues our science addresses include: air pollution, biodiversity, biosecurity, chemical risks, extreme weather events, droughts, floods, greenhouse gas emissions , land use, soil health, sustainable agriculture, sustainable ecosystems, sustai...

Samsung will support five new companies founded by their employees — Samsung Samsung will support five new companies founded by their employees — Samsung

The third startup is Haxby , a smart study note service that records wrong answers from workbooks and recommends worksheets based on the student's skill level, the company said. Spun off from Samsung in 2015, the startup has developed an applica...

Walmart sales soar on consumer stockpiling and shift to online Walmart sales soar on consumer stockpiling and shift to online

The company said Tuesday that same-store sales surged 10% at U.S. Walmart stores, fueled by demand from consumers stocking up on groceries and other basics. He cited the growth of Walmart's curbside pickup, delivery to the home and expansion of cate...

Qantas group issues Covid-19 guidelines Qantas group issues Covid-19 guidelines

Mr Joyce said measures such as thorough cleaning of the aircraft would help passengers feel "confident" to travel. Qantas Group CEO Alan Joyce said the carrier already had a great track record in ensuring customer safety during the pandemic.

Experimental coronavirus vaccine shows promise in early stage study Experimental coronavirus vaccine shows promise in early stage study

The National Institutes of Health is leading this initial trial, and taxpayers have invested a half-billion dollars in the later-stage trials. It involved 45 volunteers who received one or two shots of differing amounts of the vaccine. In this case...

UK’s Post-Brexit Tariff Regime Settles On 10% Car Import Tax UK’s Post-Brexit Tariff Regime Settles On 10% Car Import Tax

Trade Secretary Liz Truss said: "For the first time in 50 years we are able to set our own tariff regime that is tailored to the United Kingdom economy". It also will continue to maintain a ten per cent tariff on imported cars, something that was cut...

J&J to stop selling talc-based baby powder in US, Canada J&J to stop selling talc-based baby powder in US, Canada

The company said Tuesday that the decision to discontinue the product came from a wider initiative in March to prioritize products with greater demand due to the spread of COVID-19. Talc, the softest of minerals, is mined from deposits around the w...

Mnuchin defends USA fiscal response to coronavirus Mnuchin defends USA fiscal response to coronavirus

Federal Reserve Chairman Jerome Powell said the central bank is ready to use all the weapons in its arsenal to help the USA economy endure the coronavirus pandemic, as attention shifts to whether Republicans and Democrats will agree to more fisc...

Huawei slams new sanctions restricting access to USA smartphone chips Huawei slams new sanctions restricting access to USA smartphone chips

Department of Commerce tightened export control rules Friday to block non-U.S. chipmakers from producing chips based on Huawei's own advanced designs. The potential impact extends far beyond Huawei . The Chinese manufacturer is seeking viable al...

Facebook to help struggling retailers create online stores Facebook to help struggling retailers create online stores

Those businesses will be able to create a Facebook Shop for free - they just upload their catalog, choose the products they want to feature, then customize it with a cover image and accent colors. Levy described this as a "build and render anywhere...

Gold at record high! Recession fears can send it soaring higher Gold at record high! Recession fears can send it soaring higher

In global markets, gold prices inched higher today, supported by US-China tension and worries about the economic impact of coronavirus crisis. Today, Gold reached a price point not seen since 2012, causing a commotion on wall street, whereas s...

Oil prices climb by more than $1 as restrictions ease

U.S. West Texas Intermediate crude was up $1.29, or 4.4%, at $30.72 a barrel, after rising to its highest since March 16. Those were the highest settles for Brent and WTI since March 11, just a few days after prices started to collapse followin...

United Kingdom post-Brexit trade plan cuts tariffs but highlights European Union risks United Kingdom post-Brexit trade plan cuts tariffs but highlights European Union risks

Britain said the regime, known as UK Global Tariff , would be simpler and cheaper than the EU's Common External Tariff. The UK automotive industry warned previous year that operating on World Trade Organization (WTO) terms would cost it £40bn by 20...

India to experience worst recession in second quarter: Goldman Sachs India to experience worst recession in second quarter: Goldman Sachs

Government has extended its nationwide lockdown until May 31. Goldman Sachs expects a strong sequential rebound of 20% in the September quarter. It expects 14 per cent and 6.5 per cent GDP growth in December and March quarters of FY21, respectively...

Bharti Airtel surges 10%; enters club of top five most valued firms Bharti Airtel surges 10%; enters club of top five most valued firms

At 09:58 hrs Bharti Airtel was quoting at Rs 589.35, up Rs 51.20, or 9.51 percent on the BSE. However, Bharti Airtel posted a consolidated loss before tax of Rs 7,010 crore for Q4FY20 because of exceptional charges of Rs 7,004 crore including the...

Thailand plans to go to bankruptcy court with Thai Airways rehab plan Thailand plans to go to bankruptcy court with Thai Airways rehab plan

The global airline industry is facing a severe financial crisis due to coronavirus travel restrictions with a growing list of casualties. The airline initially sought a bailout package of about 1.7 billion dollars from the government, which has a 5...

Coronavirus vaccine in first human trial shows signs of creating immunity Coronavirus vaccine in first human trial shows signs of creating immunity

Peter Lin. The alternative is simply to give test subjects doses of the vaccine and see who ends up COVID-positive in the normal course of their lives - a process which is less controversial but requires much more time. Mice given the vaccine appeare...

Sir James Dyson reveals failed EV project cost him £500m Sir James Dyson reveals failed EV project cost him £500m

But yesterday, the company chose to finally show off its scrapped electric auto for an interview about Sir James Dyson - now worth £16.2 billion - topping the Sunday Times Rich List for the first time . The project was canned in October past...

Chancellor extends job furlough scheme until the end of June Chancellor extends job furlough scheme until the end of June

The Coronavirus Job Retention Scheme represents the centrepiece of Sunak's plan to shield the world's fifth-biggest economy from the full force of the crisis. It is not clear what will happen to workers after June, with fears firms will have to mak...

Uber Cuts 3000 More Jobs As Pandemic Squeezes Ride-Hailing Uber Cuts 3000 More Jobs As Pandemic Squeezes Ride-Hailing

Those bring the company's total job cuts to 6,700 this month - roughly a quarter of its global workforce. The number of Uber rides dropped 80% last month at the height of the lockdowns in the United States and Canada. Companies that rely on the s...

Covid-19: France and Germany propose €500 billion European Union recovery fund Covid-19: France and Germany propose €500 billion European Union recovery fund

President Macron gave ground, too. But despite widespread recognition that the hardest-hit countries will be unable to fix the economic damage on their own, divisions among European Union members on how to craft an overall response have hampered ...

Kroger announces new bonuses after cutting hazard pay Kroger announces new bonuses after cutting hazard pay

It also follows multiple Hero Bonuses that were paid in April through mid-May, with a final payment by May 23. "We are extremely disappointed by Kroger's decision to end Hero Pay and we know that our members are disappointed as well", UFCW Presid...

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