Wednesday January 26-th, 2022

Here are the American sectors to which the work returns Here are the American sectors to which the work returns

The number of unemployed workers who reported that they were on such a temporary work suspension fell by 2.7 million in May, while the number of workers who said they permanently lost a job increased by about 300,000. Factory jobs also made a c...

Worst recession since WW-II, says World Bank Worst recession since WW-II, says World Bank

The Covid recession is the first since 1870 to be triggered exclusively by a pandemic, World Bank President David Malpass said in his foreword to the latest edition of the Global Economic Prospect report released on Monday. The median fiscal deficit ...

Sensex climbs 300 points, Nifty above 10,250; Pharma stocks rally Sensex climbs 300 points, Nifty above 10,250; Pharma stocks rally

The S&P BSE Sensex slipped 557 points from day's high to end at 34,370.58, up 83 points or 0.24 per cent while NSE's Nifty ended at 10,167 points, up 25 points or 0.25 per cent. Shares, however, closed 0.51% lower as investors cashed in on recent gai...

South Korean court denies arrest warrant request for Samsung's Lee Jae-yong South Korean court denies arrest warrant request for Samsung's Lee Jae-yong

After that charges must be filed and he be put on trial. The 51-year-old, also known as Jay Y Lee, is the son of Lee Kun-hee, chairman of Samsung Group, South Korea's largest conglomerate. Last week, the Samsung group rejected media reports of pric...

How Will Tesla Respond to CATL's 1M Battery Announcement

This morning we reported that Contemporary Amperex Technology (CATL) said it is ready to manufacture an electric auto battery capable of powering a vehicle for 1.2 million miles across the course of a 16-year lifespan. CATL is the world's largest mak...

Nasdaq hits record close, confirms bull market on economic recovery hopes Nasdaq hits record close, confirms bull market on economic recovery hopes

The Dow Jones Industrial Average closed up 435.97 points, or 1.61 percent, while the S&P 500 grew 1.14 percent and the Nasdaq Composite increased 1.09 percent. The 10-year Treasury yield dipped to 0.88% from 0.90% late Friday, but it's up sharp...

Ontario adopts regional approach to second stage of reopening Ontario adopts regional approach to second stage of reopening

A total of 34 regions of the province will be allowed to move onto Phase 2 starting on Friday at 12:01 a.m. Also not reopening is Haldimand-Norfolk because of an outbreak of COVID-19 among migrant farm workers. "That's why I've ordered legislation to...

Ryanair boss O'Leary says: We'll fly through UK's 'rubbish' quarantine Ryanair boss O'Leary says: We'll fly through UK's 'rubbish' quarantine

Ryanair, EasyJet, and British Airways owner IAG wrote to the government threatening legal action to stop the disproportionate and unfair measure, warning that it would have a devastating effect on UK's tourism industry. Ryanair will fly 1,000 daily f...

BP to slash 10,000 jobs this year BP to slash 10,000 jobs this year

Why it matters: It signals the pandemic's effect as oil companies including BP slash spending amid the crisis that has pushed prices and oil demand sharply lower. "And as a result, our net debt rose by $6 billion in the first quarter". The job cut...

More than 750K customers impacted by Sunday afternoon power outage More than 750K customers impacted by Sunday afternoon power outage

Their website is now down but said Calgarians should expect their power back across the city by five p.m. ENMAX confirmed that 40,000 customers had been impacted. Calgary's Enmax tweeted a few minutes after Epcor that all those affected have had the...

BP to whack 10,000 from global workforce, Looney says BP to whack 10,000 from global workforce, Looney says

Details of how many jobs will be lost in the United Kingdom are not yet known but according to the BBC it is considered that the figure could be around 2,000. Looney, 49, told staff that the job cuts were in line with plans set out in February to pre...

Oil climbs over 2% after Opec+ extends output cuts to end-July Oil climbs over 2% after Opec+ extends output cuts to end-July

The de-facto leaders of Opec + showed their commitment to shore up oil markets globally over the weekend, and even cajoled Iraq, Nigeria and other laggards to fulfill their promises to reduce production. "Crude had mostly priced in the one-month ext...

Bezos explains why 'Black Lives Matter' movement is need of the hour Bezos explains why 'Black Lives Matter' movement is need of the hour

On his Instagram , Bezos shared an email exchange with a customer who was upset about seeing "black lives matter" on Amazon. Bezos said he does not have to worry that his son "may die from drowning while in detention someday". In response, Bezos w...

Jio Platforms-ADIA Investment Deal: What the Two Companies Said Jio Platforms-ADIA Investment Deal: What the Two Companies Said

ADIA's investment at an equity valuation of Rs 4.91 lakh crore and enterprise valuation of Rs 5.16 lakh crore comes close on the heels of its counterpart Mubadala Investment Company's purchase of 1.85 percent in Jio Platforms for Rs 9,093.6 crore and...

Health Canada recalls some hand sanitizers over industrial-grade ethanol content Health Canada recalls some hand sanitizers over industrial-grade ethanol content

Sanilabs Hand Sanitizer 70% Ethanol, made by Sanilabs Inc. Health Canada has recalled certain hand sanitizer products because they contain with industrial-grade ethanol. They add if you have used these products, consult with a healthcare profession...

Twitter Suggests Trump When Twitter Suggests Trump When "Racist" Means Racist

In the past weeks, Trump has signed an executive order aimed at reducing legal protection that will hold users responsible for the content they post on online social media sites, especially Twitter and Facebook , and the Democracy and Technology...

Tesla's Elon Musk calls for breakup of Amazon in tweet Tesla's Elon Musk calls for breakup of Amazon in tweet

Amazon has not commented on Musk's call for dissolution but said the book in question, by author Alex Berenson, was blocked in error and was now available for sale on its Kindle e-reading service. The issue caught the attention of Musk, who's bee...

Bentley: Luxury carmaker to cut up to 1,000 jobs Bentley: Luxury carmaker to cut up to 1,000 jobs

The automaker said it had offered voluntary separation packages to workers, but that it could not rule out future mandatory layoffs. Bentley has roughly 4,200 workers in the United Kingdom. The cut in the payroll reflects "lower than originally pla...

British Airways threatens to sue over government quarantine measures British Airways threatens to sue over government quarantine measures

Walsh told Ian King on Sky News , "I wrote to MPs last night to say the measures have torpedoed our opportunity to get flying in July". British Airways is under huge financial strain due to the pandemic, and has said it is now burning through its ...

Casinos reopen in Vegas Casinos reopen in Vegas

Thursday at casinos in Las Vegas and Nevada. "We are excited to get our employees back to work and to welcome guests to the entertainment capital of the world". Despite the positive thinking of the Governor and some gambling companies, there are some...

Buoyant Canadian jobs numbers come as a surprise Buoyant Canadian jobs numbers come as a surprise

Despite the scattered opening of businesses with Republican-controlled states taking the lead, the number of deaths reported daily has hovered around 1,000 and new cases around 20,000 for the last two weeks, although the number of coronavirus cases ...

What improved and what didn't in Friday's jobs report What improved and what didn't in Friday's jobs report

Millions of people appeared to be erroneously classified by the survey as not working but employed. The number of people in nonagricultural industries who said they were working part-time due to an inability to find full-time work declined 2.3% ...

Euro Eases From 13-Week Highs Ahead of US Jobs Report Euro Eases From 13-Week Highs Ahead of US Jobs Report

Updated forecasts showed that GDP growth is expected to contract 8.7 this year before rebounding next year. Nations in the region have started to ease restrictions on economic activity and movement. The bloc wants to avoid a spiral of rising borrow...

No Significant Progress In Post-Brexit Talks, Says EU No Significant Progress In Post-Brexit Talks, Says EU

Because the EU has been accused of "dragging its feet" over negotiations and trying to force unfair demands on Britain including access to British fishing waters and forcing the United Kingdom to accept EU laws and the jurisdiction of the European Co...

GM developing electric van for business users GM developing electric van for business users

Reports of a new GM commercial vehicle come as automakers and startups alike rush to make electric delivery vans, catering to a surge in demand among logistics companies for last-mile delivery solutions. It is a hugely profitable business driven by t...

IN CASE YOU MISSED IT