Saturday January 29-th, 2022

Wisconsin Walmart associates awarded an additional $7.4 million in cash bonuses Wisconsin Walmart associates awarded an additional $7.4 million in cash bonuses

To qualify, associates must have been employed by Walmart as of June 5, which includes new hires as part of the company's recent commitment to add 200,000 roles amid the COVID-19 health crisis. "We are so grateful to our associates for being there fo...

US sent Covid stimulus checks to 1 million dead people US sent Covid stimulus checks to 1 million dead people

Payments were distributed based on either a 2018 or 2019 tax return, and total payments added up to $269 billion. The Government Accountability Office, Congress' auditing arm, cited the number of erroneous payments to deceased taxpayers in its rep...

Amazon unveils $2 billion climate fund to help decarbonize economies Amazon unveils $2 billion climate fund to help decarbonize economies

Amazon has unveiled a $2bn venture investment programme to support "visionary companies whose products and services will facilitate the transition to a zero carbon economy". Other tech giants, notably Amazon's public cloud rivals, are making clea...

International Monetary Fund warns of a second stock market correction after grim economic forecast International Monetary Fund warns of a second stock market correction after grim economic forecast

The IMF released its World Economic Outlook Update on Wednesday. Among emerging markets and developing economies, where infections are spreading, the fund expects a contraction of 4.5 percent in India, down 6.4 percentage points from its previous...

Former Wirecard CEO freed on bail in missing billions case Former Wirecard CEO freed on bail in missing billions case

Markus Braun, former CEO of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions attends the company's annual news conference in Aschheim near Munich, Germany April 25, 2019. Shares in the ...

Central bank blocks WhatsApp payments in Brazil Central bank blocks WhatsApp payments in Brazil

The central bank also stated that it hadn't had the opportunity to analyse the P2P messaging system in advance of its roll out. The new WhatsApp payment system was created to simplify the process of transferring funds between individuals, while a...

Disney+ to debut in eight more countries in Europe Disney+ to debut in eight more countries in Europe

The Walt Disney Company's Direct-to-Consumer & International segment has set 15thSeptember as the launch date for Disney+ in eight markets across Western and Northern Europe. Subscribers will be able to enjoy the Disney experience + on nearly all m...

Another 1.5 million Americans filed for unemployment last week Another 1.5 million Americans filed for unemployment last week

Another 728,000 people in 46 states claimed first-time pandemic unemployment assistance, the Department of Labor said Thursday, about 43,000 fewer applications than the week before. Progress, however, appears to have waned. If you're not familiar...

GIC joins London-based fintech startup's $209m funding GIC joins London-based fintech startup's $209m funding

The round of funding was led by NY technology-focused hedge fund Coatue. GIC has invested in London-based payment solution provider Checkout.com in its series B fundraise of $209m (US$150m), a press release revealed. But Checkout.com has closer com...

Diesel Now Costlier Than Petrol In Delhi, For The First Time Ever Diesel Now Costlier Than Petrol In Delhi, For The First Time Ever

The price of petrol has risen by Rs 8.5/litre and the price of diesel has increased by Rs 10.5 per litre since June 7 when oil marketing companies began revising the prices of petrol and diesel after an 82-day hiatus during which the global price of ...

International Monetary Fund places Egypt among top 30 countries with strong economic performance International Monetary Fund places Egypt among top 30 countries with strong economic performance

For 2021, the fund forecast growth of 5.4 per cent, down from 5.8 per cent. In an update to the WEO, it said economic data released since April suggest "even deeper downturns than previously projected for several economies". Policymakers, the Inter...

The ABC cuts programs, dumps 250 jobs The ABC cuts programs, dumps 250 jobs

And these budget and job cuts, coupled with the fee increases at universities, have surely pushed a lot of budding journalists and those who want to work in media over the edge, anxious about what our future holds. The staff cuts would apply across t...

Dodge up, Tesla way down in JD Power quality survey Dodge up, Tesla way down in JD Power quality survey

Of 75 plants in the Americas, Toluca Assembly Plant in Mexico won the Gold Award for manufacturing quality, while Belvidere Assembly Plant in IL, claimed the Bronze Award. For contrast, almost a quarter of all automakers' problems stemmed from in...

N.Zealand freezes assets of alleged Russian cyber criminal N.Zealand freezes assets of alleged Russian cyber criminal

USA authorities accuse Vinnik of running BTC-e - a digital currency exchange used to trade bitcoin - to facilitate crimes ranging from computer hacking to drug trafficking since 2011. He was arrested on those allegations in Greece in 2017 and ex...

Trump says China deal 'fully intact' after Navarro roils markets Trump says China deal 'fully intact' after Navarro roils markets

Navarro later backtracked on his remark. South Korean shares closed slightly higher on Tuesday, recouping earlier losses in the session, after US President Donald Trump said the US-China trade pact was "fully intact" . Trump later tweeted that the...

Bayer offers $10bn to settle Roundup claims Bayer offers $10bn to settle Roundup claims

Another $US400m ($582m) will go towards settling cases relating to damage caused to crops after the weedkiller Dicamba drifted onto nearby farms, killing plants not resistant to the herbicide. The Germany-based company, which bought Roundup maker M...

Canada Loses Pristine AAA Credit Rating by Fitch Canada Loses Pristine AAA Credit Rating by Fitch

S&P and Moody's continue to rate Canada a AAA, and government finances are looking ugly across the globe. Fitch Ratings expects Justin Trudeau administration's COVID-19 response measures to increase Canada's debt to 115.1% of gross domestic product...

Gojek Consolidates to Focus on Core Services Gojek Consolidates to Focus on Core Services

Gojek will axe its GoLife service, which offers home services of massage and cleaning. "We are sorry that this time we have failed you". "The journey has become more hard because we have to say goodbye to 430 coworkers who worked close to use on a ...

Gold hovers near 7-1/2 year high on stimulus boost Gold hovers near 7-1/2 year high on stimulus boost

In the afternoon trade, gold rallied to a new high of Rs. 48420 mark as coronavirus and stimulus measures across the world weighed. In global markets, spot gold was up 0.2% at $1,769.59 per ounce. Futures peaked at US$1,923.70 in September 2011. ...

Japan's ARM-Based 'Fugaku' System Now the World's Fastest Supercomputer Japan's ARM-Based 'Fugaku' System Now the World's Fastest Supercomputer

A Riken-developed forerunner to the Fugaku has held the title of world's fastest supercomputer, but in recent years the race to develop the powerful machines has been dominated by the U.S. RIKEN institute claims that the supercomputer can run applic...

Kudlow disputes Navarro's claims that China trade talks are off

At one point the interviewer described Trump's efforts to make progress on the trade deal and asked Navarro, "Is that over?" During a Monday evening appearance on Fox News' The Story with Martha MacCallum , the Trump trade adviser said that Chin...

Week ahead commodity report: Gold, Silver & Crude Oil price forecast: 22 Week ahead commodity report: Gold, Silver & Crude Oil price forecast: 22

Anthony Fauci, the country's top infectious-disease doctor, warned on Tuesday that he's seeing a "disturbing surge" in cases . The metal also has found support from increasing monetary stimulus, including the Bank of England adding to its bond buyin...

World faces $12 trillion Covid bill, International Monetary Fund warns World faces $12 trillion Covid bill, International Monetary Fund warns

In addition, the International Monetary Fund predicted Korea will become the only economy among other developed nations to recover to the precoronavirus level of its gross domestic product by the end of 2021. The figure is down 1.9 percentage point f...

Oil prices slides as U.S. crude stockpile growth heightens oversupply fears Oil prices slides as U.S. crude stockpile growth heightens oversupply fears

The expectation is higher than this year's expected 1.70 million boepd but lower than last year's 1.80 million boepd due to corresponding changes in crude oil prices, Energy and Mineral Resources (ESDM) Minister Arifin Tasrif said on Monday.

Brazil Central Bank ices Facebook's WhatsApp payment service Brazil Central Bank ices Facebook's WhatsApp payment service

In a statement, the Central Bank said the service had been rolled out before the monetary authority undertook proper analysis and could result in damages to the Brazilian payments system in terms of efficiency, competition and data privacy.

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