Wednesday January 26-th, 2022

Amazon offers 125,000 full-time jobs to temporary employees Amazon offers 125,000 full-time jobs to temporary employees

On Thursday, Amazon ( AMZN ) said it will offer full-time roles that pay at least $15 per hour and offer a "comprehensive benefits package" to 125,000 of the temporary employees it began hiring after experiencing a surge in business caused by the Cov...

Consumer spending falls 13.6 percent despite stimulus handouts Consumer spending falls 13.6 percent despite stimulus handouts

The personal savings rate - how much consumers save as a percentage of disposable income - also surged to a record high of 33% from 12.7% as Americans sock away cash bracing for the economic downturn that's rivaled the Great Depression. "The full eco...

GDP Growth At 3.1% In January-March GDP Growth At 3.1% In January-March

Prime Minister Narendra Modi has maintained the lockdown ordered on March 25 to curb the spread of COVID-19 in the world's second most populous country, though many restrictions were eased for manufacturing, transport and other services from May ...

Quarter of firms ‘will struggle’ with furlough pay Quarter of firms ‘will struggle’ with furlough pay

Chancellor Rishi Sunak is to set out details of how employers will be asked to help pay the wages of furloughed workers. The chancellor is also considering shutting the furlough scheme to new entrants, a move that will cap the bill to the Treasur...

State Monitoring for Fraudulent Unemployment Claims State Monitoring for Fraudulent Unemployment Claims

It's still a huge number compared to pre-pandemic claims; every week in January and February had fewer than 500 initial unemployment claims filed. More than 190,800 Utahns have sought unemployment benefits since the week ending March 7, including m...

Ola Electric acquires AppScooter maker Etergo, to launch 2-wheeler next year Ola Electric acquires AppScooter maker Etergo, to launch 2-wheeler next year

We anticipate that the electric scooters built in India by Ola will be leased to offered through the subscription route. Etergo is famous for its all-electric state-of-the-art AppScooter automobile that has won several awards in technician occasi...

Coronavirus: EU unveils €750bn recovery plan to tackle 'immense challenge' Coronavirus: EU unveils €750bn recovery plan to tackle 'immense challenge'

The debt will have to be repaid between 2028 and 2058, via the post 2027 common budget. "The recovery plan turns the huge challenge we face into an opportunity, not only by supporting the recovery but also by investing in our future: the European ...

David Jones sales drop 35% David Jones sales drop 35%

The pandemic and lockdowns have hit the Australian chains hard - most David Jones stores remained open in the lockdown but sales still dropped by 35.8% across April and May. The Company said that discussions with Australasian landlords are underway i...

China endorses Hong Kong security law, imperiling city’s status as financial hub China endorses Hong Kong security law, imperiling city’s status as financial hub

Thursday's move was quickly condemned by the United States, Britain, Australia and Canada. The Trump administration may soon expel thousands of Chinese graduate students enrolled at USA universities and impose other sanctions against Chinese ...

Amazon in advanced talks to buy self-driving startup Zoox Amazon in advanced talks to buy self-driving startup Zoox

Alphabet, Uber , Tesla and major auto makers have been investing in technology that eliminates the need for humans to navigate vehicles. Price of Zoox estimated at $3.2 billion, the startup's board even cast a ballot to remove Chief Executive Office...

Google to start opening offices from June 1 Google to start opening offices from June 1

The company will ask a limited number of employees to resume working from the office on a rotational basis, while ensuring security protocols like social distancing and sanitisation are being followed. Pichai predicted that Googlers will have "more f...

How major U.S. stock indexes fared Thursday How major U.S. stock indexes fared Thursday

The bill will sidestep Hong Kong's legislature, elevating concerns over the longevity of Hong Kong's "one party, two systems" concept that permits more freedoms mainland China is missing. USA economy is expected to contract by 5% in first quarter. ...

Stimulus Payments Are Getting Sent To Millions of People as Debit Cards Stimulus Payments Are Getting Sent To Millions of People as Debit Cards

Here's the problem. Like so many other glitches that have plagued the distribution of the stimulus payments , communication has been confusing and conflicting. Money Network Cardholder Services is a legitimate company but unfortunately, there w...

Oil drops on worse than feared rise in USA fuel stocks Oil drops on worse than feared rise in USA fuel stocks

The Organization of the Petroleum Exporting Countries and producers iU.S. -Chinancluding Russia, a grouping referred to as OPEC +, are cutting their output by nearly 10 million barrels per day in May-June to buttress prices as the coronavirus pand...

Initial unemployment claims in South Dakota are down Initial unemployment claims in South Dakota are down

Noting the historic nature of the surge, Utah's Unemployment Insurance Division Director Kevin Burt said Thursday the state Department of Workforce Services had received as many claims in the past 10 weeks as it did during the previous three years.

IEA: Global Energy Investment Shrinks IEA: Global Energy Investment Shrinks

It means lost jobs and economic opportunities today, as well as lost energy supply that we might well need tomorrow, once the economy recovers. The world's investment in the energy sector is projected to plummet by a record-high 20% year-on-year (y...

Taiwan condemns new Hong Kong security legislation Taiwan condemns new Hong Kong security legislation

Tom Tugendhat, the chairman of the foreign affairs select committee, described the development as "fantastic", but added: "Now we need to go further and recognise the full rights of British nationals". It described U.S. criticism of the new draft law...

New York Stock Exchange reopened its floor after a two month closure New York Stock Exchange reopened its floor after a two month closure

Cunningham has stated that safety measures will be put in place, which will limit the possible strain put on the American healthcare system. Gone will be the iconic images of intense, jacketed-starers pointing fingers in the air, grimacing as the...

Macau casino tycoon dead Macau casino tycoon dead

The holding company STDM has stakes in everything from luxury hotels to helicopters to horse racing. Ho quickly found a way to settle the dispute and he distributed his wealth equally among his big family. Those ties and Mr. Mr. Ho also married L...

‘Glass half full’ outlook pushes S&P 500 over 3,000 ‘Glass half full’ outlook pushes S&P 500 over 3,000

All 50 states in the USA have now reopened their economies in varying degrees. The S&P 500 index rose 44.36 points to 3,036.13. The index rose almost 10% over the past two sessions for its biggest two-day increase since April 8-9. Richard Steinberg...

Ford heats up police SUVs to 133 degrees to kill COVID-19 Ford heats up police SUVs to 133 degrees to kill COVID-19

A new piece of software introduced by the automaker and designed specifically for its line of Police Interceptor Utility vehicles cranks heat inside the cars to 133 degrees Fahrenheit for 15 minutes. So, using the waste heat from the engine and wit...

Australian News Corp shuts down small papers, to go digital-only Australian News Corp shuts down small papers, to go digital-only

The announcement follows a series of media closures, including national wire AAP, which is due to shut down within weeks unless a last-ditch buyout bid can save it. News Corp also revealed today that 14 titles will cease publication altogether, after...

Facebook To Expand Remote Working, Looking For Talent In New Locations Facebook To Expand Remote Working, Looking For Talent In New Locations

Speaking at an internal employee town hall meeting livestreamed on Facebook , Zuckerberg said the company will take a "more measured approach to opening permanent remote work for existing employees". Meanwhile, Coinbase and Shopify CEO Tobi Lütk...

Dow surges 553 points as bank stocks rise amid reopening hopes Dow surges 553 points as bank stocks rise amid reopening hopes

The index had been down 0.7% before bouncing back toward the end of the day. The Dow is up 1,083.11 points, or 4.4%. "We hope that it will eventually lead to a normalization in the market, but we have to keep an eye on the re-emergence of virus cas...

Renault, Nissan deepen cooperation in bid for survival Renault, Nissan deepen cooperation in bid for survival

Renault will take the lead on developing future B-SUV models such as the Renault Captur and Nissan Juke . In Brazil, for example, the new approach means the alliance will go from making six models on four platforms - or underlying vehicle archit...

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