Saturday January 29-th, 2022

United Kingdom inflation rate falls to 0.5% as lockdown hits United Kingdom inflation rate falls to 0.5% as lockdown hits

But James Smith, Developed Markets Economist at ING Bank says while oil prices might fade a as a downward drag on inflation, falling wages could trigger falls in core inflation , ensuring the United Kingdom looks set to be locked into a multi-mont...

Powell Sees Threat of Coin Shortages Abating Powell Sees Threat of Coin Shortages Abating

Representative John Rose, the Tennessee Republican, asked Powell if he was aware of the shortage of coins caused by the pandemic that he was hearing about from banks in his district. Tom Emmer (R-MN) hence triggering the clarification on monetary pol...

Cop Has McMeltdown...Over McMuffin? Cop Has McMeltdown...Over McMuffin?

A McDonald's franchise owner responded after a police officer uploaded a now-viral video saying she is afraid of her food being tampered with amid widespread anti-police sentiment. "If you see an officer, just tell them "thank you" because I don...

Zoom Reverts Own Decision, Plans to Bring End-to-End Encryption to All Users Zoom Reverts Own Decision, Plans to Bring End-to-End Encryption to All Users

He explained that they want to be able to help law enforcement in investigations and that people who use Zoom to disrupt online meetings and to engage in criminal acts and facilitate disgusting abuse generally use free (quasi-anonymous) accounts.

Target will boost its minimum wage to $15 in July Target will boost its minimum wage to $15 in July

When it comes to investing in its employees in terms of minimum wage, Target has always been at the front of the grocery pack setting the tone for the industry. The platform will be available 24 hours a day, seven days a week at no extra cost to US...

Qantas and Jetstar launch 'tourism recovery' sales Qantas and Jetstar launch 'tourism recovery' sales

Qantas and Jetstar have just announced a huge tourism recovery sale with 200,000 discounted fares across the two airlines - including 10,000 flights on Jetstar for just $19. "Our research tells us more than 75 per cent of Australians intend to f...

COVID-19 crisis hard to cope with, says Buhari COVID-19 crisis hard to cope with, says Buhari

The Kenyan Head of State identified loss of jobs and reduction of revenues as key impacts of Covid-19 on African economies and appealed for more economic interventions by China. "It must be recognized that in the fight against the pandemic, China has...

Airlines launch plan to reboot travel Airlines launch plan to reboot travel

Qantas is offering triple points for frequent flyers on all routes as part of a plan to reboot domestic air travel. Other sale fares include things like Brisbane to Mackay from $49, Sydney to Hamilton Island from $79 and Brisbane to Darwin from $7...

Trump Supporter Booted off Flight for Not Wearing Mask Trump Supporter Booted off Flight for Not Wearing Mask

Mr Straka said there was no law that required him to wear a face covering on the flight. The flight attendant proceeded to explain that the mask requirement is an American Airlines rule. A spokesperson for the airline said Straka had been wearing a...

British insurance giant apologises for role played in slavery British insurance giant apologises for role played in slavery

The UK in particular has seen its historical links to the slave trade spotlighted after a statue of slave trader Edward Colston was torn down by protestors in Bristol, prompting the removal of similar statues across the nation. Greene King founder, B...

Mazda BT-50 walkaround review Mazda BT-50 walkaround review

Indeed, Mazda officially says the "all-new BT-50 is supplied by Isuzu Motor Limited on an OEM basis". The all-new BT-50 design expresses the unique beauty of Mazda's Kodo-Soul of Motion design theme with power, toughness and utilitarian functiona...

Take a Look at SBA's New 'EZ' Loan Forgiveness Application

There is still $129 billion in funding left. The loans would be forgiven as long as businesses retained their employees for up to eight weeks. If a business has to pay back the loan, under the new rules they can take up to five years to do so.

Oil prices rise as OPEC+ holds firm on supply cuts Oil prices rise as OPEC+ holds firm on supply cuts

The rising crude price has now led to a rise in the price of fuel at the pump by about 3% beginning from 15 June 2020. Prior to the lockdowns and collapse in crude oil demand caused by coronavirus crisis, the rise of USA shale oil was already pro...

Kia Motors teases next generation Carnival MPV ahead of launch Kia Motors teases next generation Carnival MPV ahead of launch

The rise of crossovers and SUVs has severely impacted sales of minivans , but the family-friendly body style is still relevant enough for Kia to warrant a new generation of its large MPV. It will be about 40mm longer than the current model, pushin...

Unemployment climbs in virus-hit economy Unemployment climbs in virus-hit economy

In fact, one in four young Australians is now out of work, according to Indeed's chief economist Callam Pickering. He also warned there would likely be more people joining unemployment queues in the months ahead. The focus is now on Canberra to s...

Reliance Industries is now a net debt-free company, says Mukesh Ambani Reliance Industries is now a net debt-free company, says Mukesh Ambani

Mukesh Ambani's RIL has become net debt free after the company raised money by multiple stake sales of its telecom arms Jio and Reliance Industries Ltd.'s rights issue, much before the March 2021 deadline of becoming net debt free.

USA brands Aunt Jemima and Uncle Ben's to change amid protests USA brands Aunt Jemima and Uncle Ben's to change amid protests

Quaker Oats announced it would be retiring Aunt Jemima from packaging on its range of syrup and pancake mixes because it is "based on a racial stereotype", and Uncle Ben's is following suit. In a 2015 opinion piece for the New York Times , Cornell U...

Oil to average US$40 per barrel in 2020

The US has significantly reduced imports of Nigerian crude oil in the past few years as the oil produced in its shale operations is similar to the light sweet Nigerian crude. Brent crude was down 14 cents, or 0.4%, at $39.58 a barrel at 0027 GMT, ha...

Five held in China after kidnap attempt of billionaire Five held in China after kidnap attempt of billionaire

He reportedly made a call to the police, following which the authorities were able to arrest all those involved in the attempt, without any case of harm or injury being reported. Mr He, who is quite a private man, retired in 2012 and handed his com...

Trump warns of 'complete decoupling' from China despite talks

The new deal contains strict labor and environmental standards created to prevent similar US payroll erosion, which will mark a sharp break with traditional Mexican labor market practices. US Trade Representative Robert Lighthizer says he expects t...

China-India border situation China-India border situation "overall stable, controllable": spokesperson

China has not given details of deaths or injuries among its troops. Jaishankar spoke to senior Chinese diplomat Wang Yi on Wednesday and they agreed not to take any steps to escalate matters. "Making exaggerated and untenable claims is contrary to ...

Trump signs bill to punish China over Uighur treatment Trump signs bill to punish China over Uighur treatment

Hours before Bolton's op-ed was published, Trump signed the Uyghur Human Rights Policy Act of 2020 . The United Nations estimates that more than a million Muslims have been detained in camps in Xinjiang. "According to our interpreter, Trump said...

Murray Olds: Unemployment soars again to 7.1 per cent in Australia

Youth employment plunged by around 103,000, making up 45% of the jobs lost in May, and youth unemployment climbed to 16.1%, he said. That was also when the Federal Government announced widespread shutdowns to many sectors to contain the spread of t...

Australia says it has been target of 'state-based' cyber attacks Australia says it has been target of 'state-based' cyber attacks

Defence Minister Linda Reynolds was quoted as saying there was "no doubt that malicious cyber activity is increasing in frequency, scale, in sophistication and in its impact". But he too refused to say whether he knew who the culprit was. Australian ...

Bank of England boosts bond-buying programme by £100bn Bank of England boosts bond-buying programme by £100bn

In minutes of the MPC meeting, the Bank said: 'The emerging evidence suggested that the fall in global and UK GDP in the second quarter would be less severe than set out in the May report'. This led one of the MPC members - the Bank's own chief econo...

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