Wednesday January 26-th, 2022

Dow Jones opens higher on recovery optimism Dow Jones opens higher on recovery optimism

Wall Street stocks opened higher today on continued optimism about the reopening of the USA economy as investors shrug off rising tensions between Washington and Beijing. Bank stocks powered the day's advance, with the S&P 500 financial index leading...

European Union Plans $825 Billion Coronavirus Recovery Fund European Union Plans $825 Billion Coronavirus Recovery Fund

The Commission's previous proposal prioritised regions whose economies and jobs depend on polluting industries. In May 2020, the Commission has proposed a powerful, modern and revamped long-term EU budget boosted by Next Generation EU , an emergen...

Boeing to lay off 6,770 more USA employees Boeing to lay off 6,770 more USA employees

Boeing did a round of 5500 voluntary layoffs and now it's moving to involuntary layoffs. Boeing Co is expected to announce USA job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employe...

European Union executive proposes 1.85 trillion euros of coronavirus recovery plan European Union executive proposes 1.85 trillion euros of coronavirus recovery plan

Addressing the European parliament, where MEPs wore face masks and sat further apart than usual under mandatory social-distancing rules, von der Leyen said the sum would be split into €500bn of grants for EU member states and €250bn of loans.

PM Mitsotakis Welcomes European Commission Aid Proposal for Coronavirus Fallout PM Mitsotakis Welcomes European Commission Aid Proposal for Coronavirus Fallout

The plan includes a €750 billion ($825 billion) new recovery instrument to help relaunch the European economy after the COVID-19 crisis. "A new Strategic Investment Facility built into InvestEU- to generate investments of up to 150 billion euro i...

Stanley Ho, Macao casino tycoon, dies at 98 Stanley Ho, Macao casino tycoon, dies at 98

Shielded from challengers by a four-decade monopoly on gambling , Ho helped transform Macau from a sleepy peninsula dotted with seedy, windowless gambling dens into the world's biggest casino center. Analysts do not expect Ho's death to have an impa...

Premarket: Hong Kong unrest worries curb global rally

The proposed national security legislation for Hong Kong could lead to USA sanctions and threaten the city's status as a financial hub, White House National Security Adviser Robert O'Brien said on Sunday. United States gold futures were down 0.4 perc...

China to ensure stable foreign trade, investment China to ensure stable foreign trade, investment

The anti-dumping and anti-subsidy investigations into the Australian barley, conducted in accordance with Chinese laws and World Trade Organization (WTO) rules, were launched at the end of 2018, and the decision to impose duties was made on May 18,...

Nevada governor announces June 4 for casino reopening Nevada governor announces June 4 for casino reopening

When not writing about and analyzing the latest happenings with Apple, Yoni enjoys catching Improv shows in Chicago, playing soccer, and cultivating new TV show addictions, the most recent examples being The Walking Dead and Broad City. "You're going...

Mercedes-Benz introduces new financial schemes under Wishbox 2.0 Mercedes-Benz introduces new financial schemes under Wishbox 2.0

Now, midway through the current generation's lifecycle, the 2021 E-Class coupe and cabriolet benefit from a series of upgrades announced earlier this year to the 2021 E-Class sedan . To manage those new screens, Mercedes swaps last year's rotary d...

S&P 500 clears 3,000 barrier on hopes of recovery, Covid-19 vaccine S&P 500 clears 3,000 barrier on hopes of recovery, Covid-19 vaccine

Investors paid close attention to economy reopening as more US states started to relax coronavirus-tied lockdown restrictions. The S&P index recorded 13 new 52-week highs and no new low, while the Nasdaq recorded 96 new highs and seven new lows.

Latin America's largest airline LATAM files for bankruptcy in US Latin America's largest airline LATAM files for bankruptcy in US

South American operator LATAM Airlines Group, along with some of its affiliates, is filing for US Chapter 11 creditor protection in order to undertake a restructuring process. Before the pandemic, LATAM - a merger of Chile's LAN and Brazil's TAM - ...

CSRC: US bill to delist Chinese companies politicizes market regulations CSRC: US bill to delist Chinese companies politicizes market regulations

The White House released a report last week a spelling out a "fundamental reevaluation" of relations with China, which then said Sunday that political forces in the US are pushing the two powers into a new Cold War . The CSRC calls on U.S. regulator...

Hyundai Santa Fe teased Hyundai Santa Fe teased

Hyundai has released a teaser image depicting its updated Santa Fe , while also confirming the large SUV will switch to a new platform. The fourth-generation of Hyundai's popular SUV made its global debut early in 2018 and arrived in Australian ...

Kentucky Governor Hanged in Effigy Kentucky Governor Hanged in Effigy

Over the weekend, the state eased restrictions further by allowing restaurants to start offering dine-in services with limited capacity. Witness Gerry Seavo James says that after the effigy of the Democratic governor was hung from a tree, a man "pr...

LATAM Airlines Group files for US bankruptcy protection LATAM Airlines Group files for US bankruptcy protection

LATAM said it had secured funding from other major shareholders, including the Cueto and Amaro families and Qatar Airways, to provide up to $900 million in debtor-in-possession financing. "Given the impact that the Covid-19-generated crisis has had o...

Tata Motors : Jaguar seeks state loan as coronavirus pandemic takes toll Tata Motors : Jaguar seeks state loan as coronavirus pandemic takes toll

Jaguar Land Rover [is] constantly in discussion with the government on a whole range of matters relating to COVID-19 and we will not discuss details which are confidential and private, a JLR spokesperson said. Still, we shall see how the demands a...

Close to 800 Fiji Airways staff laid off Close to 800 Fiji Airways staff laid off

In the letter, Fiji Airways said the severe effects of Covid-19, had resulted in the company taking the "drastic step". Fiji Airways has recently extended the suspension of global flights through to the end of June , and is in the process of reduc...

First test launch of Virgin Orbit rocket fails First test launch of Virgin Orbit rocket fails

The rocket was released from a jet dubbed Cosmic Girl , and dropped over the Pacific Ocean. Virgin Orbit's vice-president of special projects Will Pomerantz said on Saturday that, although he was aware that "about half" of an aerospace company's f...

Gold prices slip on rising U.S. dollar, equities Gold prices slip on rising U.S. dollar, equities

According to White House National Security Advisor Robert O'Brien, the current Chinese proposal lays out a full takeover of Hong Kong which US lawmakers believe would not allow the city to maintain its "high degree" of autonomy. The yen was at 107.63...

Germany approves 9 billion euro aid package for Lufthansa Germany approves 9 billion euro aid package for Lufthansa

Lufthansa has been locked in talks with Berlin for weeks over aid it needs to survive an expected protracted travel slump, with the airline wrangling over how much control to yield in return for the financial support. The conditions are also likely ...

Gold prices down as potential Japanese stimulus boosts risk appetite Gold prices down as potential Japanese stimulus boosts risk appetite

Spot gold lost 0.5% at $1,726.18 per ounce by 0512 GMT. Amid quiet trading, with financial centres Singapore, London and NY all closed for holidays, Brent was up 6 cents, or 0.2%, at US$35.19 a barrel by 0636 GMT. Also, they may threaten the city's...

Hassett says unemployment rate could still be in double digits by election Hassett says unemployment rate could still be in double digits by election

Guest host Dana Bash said, "Do you think the worst effects of the coronavirus pandemic behind us or is the worst still to come?" Asked on CNN's "State of the Union" whether it was possible unemployment would be in double digits in November when...

Iran Supports One-China Policy amid Controversy over Hong Kong Security Law Iran Supports One-China Policy amid Controversy over Hong Kong Security Law

They fired tear gas and pepper spray to disperse crowds amid chaotic scenes that evoked memories of sometimes violent anti-government protests that roiled the city a year ago, drawing as many as two million people. Some senators calling for sanction...

Volkswagen loses landmark German 'dieselgate' case Volkswagen loses landmark German 'dieselgate' case

VW said in a statement on Monday: "For the majority of the 60,000 pending cases, this ruling provides clarity as to how the [Federal Court of Justice] assesses essential questions in German diesel proceedings". VW said it would offer one-off payments...

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