Saturday January 29-th, 2022

Intel’s Chief Engineering Officer is leaving Intel’s Chief Engineering Officer is leaving

This marks Intel's second high-profile executive departure in as many months following the sudden resignation of chip design executive Jim Keller , who left in June for personal reasons. "Mayberry has a 36-year track record of innovation at Intel, d...

Dollar declines, gold hits record; stocks mixed: markets wrap Dollar declines, gold hits record; stocks mixed: markets wrap

In uncertain economic times, investors tend to put their money in gold . On Monday, the settlement price for gold futures reached a record high of $1,931 per ounce - and many analysts predict gold will top $2,000 by September. Meanwhile, China took ...

Mitsubishi Motors expects net loss for FY2020 Mitsubishi Motors expects net loss for FY2020

It will shift to a business structure centred on Asia and "improve operating profit by downsizing low-profit businesses". The Japanese manufacturer plans to reduce its spend by 20 per cent over the next two years, which includes shifting its focus ...

Senate to debate COVID-19 bill, police reform Senate to debate COVID-19 bill, police reform

The proposal will include "strong legal liability protection" for corporations, a top priority of Republicans, he said . "We are skeptical that state UI infrastructure has improved dramatically since the CARES Act given how overloaded the system h...

Google accused of misleading users to gain access to data Google accused of misleading users to gain access to data

An Australian consumer watchdog has sued the search giant on Monday. The Australian Competition and Consumer Commission ( ACCC ) alleged in a statement that Google misled consumers when it failed to properly inform consumers, and did not gain the...

Target announces new Thanksgiving plan so guests can ‘celebrate the holidays safely’ Target announces new Thanksgiving plan so guests can ‘celebrate the holidays safely’

Target hasn't released details of when it will open this Black Friday. The coronavirus pandemic has pushed retailers like Minneapolis-based Target to reevaluate Black Friday and the holiday season, which is traditionally retailers' busiest time.

Uncertainty pushes gold price to record high, over $1,930 per oz Uncertainty pushes gold price to record high, over $1,930 per oz

The net-long US Dollar exposure persists even though theDXY index continues to track the downward trend from the March high (102.99), and the low interest rate environment along with the ballooning central bank balance sheets may continue to act as...

Google to keep employees at home until summer 2021 Google to keep employees at home until summer 2021

The company had previously said most employees would be working remotely through the end of 2020, with some employees being allowed back into the office sooner. The conservative move from Google could push its tech peers to follow suit. As of Monda...

SAP Plans to Spin Out Qualtrics, Take It Public SAP Plans to Spin Out Qualtrics, Take It Public

Provo, Utah and Seattle, Washington-based Qualtrics is the market leader and creator of the Experience Management (XM) category, a large, fast-growing and rapidly evolving market. SAP says Qualtrics has already been operating with greater autonomy th...

Gold price hits record high amid fears over coronavirus crisis Gold price hits record high amid fears over coronavirus crisis

The contract roll is another fillip to prices. Spot gold rose 1.5% to $1,928.83 per ounce by 0306 GMT after hitting an all-time high of $1,933.30. Bullion is surging on a broadly weaker dollar, U.S. The main driver behind gold's rally has been ...

Ryanair reports loss of €185m as traffic falls by 99pc Ryanair reports loss of €185m as traffic falls by 99pc

Revenues, Ryanair discovered, came in at €125m next product sales of €2.3bn in the similar quarter previous calendar year. The company's chief financial officer Neil Sorahan also hit out at the United Kingdom government's "regrettable" decision ...

Coronavirus: US government doubles spending on vaccine candidate amid surge in cases Coronavirus: US government doubles spending on vaccine candidate amid surge in cases

BARDA's total funding for the experimental vaccine of Moderna, the first in the U.S. to begin human trials of a coronavirus vaccine , is now about $955m. Such treatments help the body immunise against a virus and can potentially be developed and m...

AstraZeneca signs $6 billion cancer drug deal with Daiichi AstraZeneca signs $6 billion cancer drug deal with Daiichi

DS-1062 belongs to the ADC category of drugs, which link powerful cell toxins to antibodies that cling to cancer cells and spare healthy cells that are damaged during conventional chemotherapy treatments. He said: "This new strategic collaboration wi...

Gold price hits record high on new fears for the economy Gold price hits record high on new fears for the economy

Meanwhile, the United States dollar plunged to a near two-year low versus major currencies as concerns about the U.S. economic outlook have also started to weigh on the greenback. Investors will get a steer from the Fed this week, with officials me...

Princess Cruises cancels sailings into December Princess Cruises cancels sailings into December

Princess revealed a refund policy for individuals who had actually now reserved a cruise with them. The new order extending the suspension of passenger operations until December 15 also places it well clear of the "no-sail order" imposed by the ...

Tesla files complaint against Rivian for stealing trade secrets and employees Tesla files complaint against Rivian for stealing trade secrets and employees

That's a significant portion of Rivian's staff considering the company had about 1,000 employees in mid-2019. The sheer scale of the situation makes it hard to judge from an independent standpoint: Rivian now employs as many as 178 former Tesla wor...

HSBC denies reports that it 'fabricated evidence' on Huawei HSBC denies reports that it 'fabricated evidence' on Huawei

Washington's investigations into Huawei - for allegedly violating U.S. sanctions on Iran - started before the bank's involvement with the company in late 2016, the lender said Saturday in its first public comments on Huawei's legal battle in North Am...

Menendez Statement on Administration's Loosening of Regulations to Export Drones Menendez Statement on Administration's Loosening of Regulations to Export Drones

The White House announced that President Donald Trump had approved a move to diverge partly from the 1987 Missile Technology Control Regime, in which 35 countries agreed to restrict the sales of unmanned weapons delivery systems. The White House, m...

British retail fully rebound to pre-COVID level British retail fully rebound to pre-COVID level

From February to April, only the food and beverage subsector saw an increase in in-store sales, which were up 3.3 per cent, while e-commerce sales surged 107 per cent. "With consumers having experienced the convenience of online shopping during lockd...

Kia Motors expects Sonet to pump new energy in compact SUV space Kia Motors expects Sonet to pump new energy in compact SUV space

And the latest rendered image draws heavily from version displayed at the Expo. Kia says this latest teaser sketch (which follows an official video teaser ) shows the new Sonet will feature the brand's latest "tiger nose" grille , complete wi...

University of North Florida Foundation targeted by ransomware attack; donor data exposed University of North Florida Foundation targeted by ransomware attack; donor data exposed

However, in few of the cases, the threat was extended to staff, existing students and other supporters. This included names, addresses, email addresses and telephone numbers. Some affected institutions, including the University of London, University ...

How major US stock indexes fared Friday How major US stock indexes fared Friday

The S&P 500 was 0.4% lower in midday trading, which would wipe out the last of its gains for the week. The Dow dropped 182.44 points, or 0.68%, to 26,469.89. Those three stocks alone accounted for more than half of the S&P 500's loss. Other highf...

Big bank racism is corrupting PPP loan process Big bank racism is corrupting PPP loan process

Congress is considering legislation to ease loan forgiveness for businesses that applied to the Paycheck Protection Program, but critics warn that the move could create more opportunities for fraud, Politico reports . The Treasury Department and S...

Coon cheese to change name over racism concerns Coon cheese to change name over racism concerns

The brand is named after American creator Edward William Coon , who patented a method for the fast maturation of cheese through high temperature and humidity, which has subsequently been dubbed Cooning. Who accepts Coon as a brand name now? Cana...

Plastic flows into the ocean expected to triple by 2040: Research Plastic flows into the ocean expected to triple by 2040: Research

Face masks and latex gloves are washing up daily on Asia's remote beaches. The analysis , led by The Pew Charitable Trusts and SYSTEMIQ and co-authored by a global team including Dr Arturo Castillo Castillo at Imperial College London, ident...

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