Saturday January 29-th, 2022

Trump's WeChat ban could take bite out of Apple Trump's WeChat ban could take bite out of Apple

It's unclear how the White House will define that ban, but the sweeping language of the order - which would bar "transactions" with the Chinese company from September - leaves the door open for the administration to extend it well beyond WeChat .

PM Modi to launch platform for `Transparent Taxation` on August 13 PM Modi to launch platform for `Transparent Taxation` on August 13

The event will be witnessed by various Chambers of Commerce, Trade Associations, Chartered Accountants' associations, and eminent taxpayers as well, apart from the officers and officials of the Income Tax Department. Earlier, in the 2020-21 budget an...

Trump calls Democratic demands 'ridiculous' as blame traded over virus aid stalemate Trump calls Democratic demands 'ridiculous' as blame traded over virus aid stalemate

All indications are talks will not resume in full until Congress resumes in September, despite the mounting death toll, surpassing 161,000 in the USA, and more than 5 million people infected. "However, it is clear that the administration still does...

United Kingdom plunges into worst recession on record - after impact of Coronavirus United Kingdom plunges into worst recession on record - after impact of Coronavirus

In June, there was a rise of 8.7% as lockdown was eased and focus returned to restarting the economy - but this was still 17.2% lower than levels seen in February. However, Samuel Tombs, senior United Kingdom economist at Pantheon Macroeconomics, t...

CEO group pledges to hire 100K minority, poor workers in NYC CEO group pledges to hire 100K minority, poor workers in NYC

Various other preliminary participants of the CEO team consist of Jeff Bezos of Amazon, Satya Nadella of Microsoft; Sundar Pichai of Google and also David Solomon of Goldman Sachs. Reportedly, leading industry figures representing top financial ins...

Britain in record recession after economy shrinks by a fifth Britain in record recession after economy shrinks by a fifth

Growth restarted in May and quickened in June, when the economy expanded by a monthly 8.7 per cent - a record single-month increase and slightly stronger than forecasts by economists in a Reuters poll. Despite this, GDP in June still remains a six...

Uber, Lyft blocked from classifying drivers as contractors in California Uber, Lyft blocked from classifying drivers as contractors in California

Several hundred thousand "gig" workers, including many at ride-hailing companies and app-based food delivery services, are affected by AB5, which took effect on January 1 and had broad support from organized labor. "We hope that today's ruling will s...

United Kingdom in record recession after economy shrinks 20% in Q2 United Kingdom in record recession after economy shrinks 20% in Q2

It expects the largest fraction of economies reporting declines in per capita output on account of the current crisis since 1870, the Bank said in its June 2020 Global Economic Prospects. The Office for National Statistics on Tuesday said Britain ...

At-home food inflation dips in July, but consumers still feeling the pinch At-home food inflation dips in July, but consumers still feeling the pinch

The CPI increased by the same margin in June. In the 12 months through July, the PPI dropped 0.4% after falling 0.8% in the 12 months through June. Excluding the volatile food and energy components, the "core" CPI gained 0.6 percent in July - the...

Tesla splits stock to make it more attractive to investors Tesla splits stock to make it more attractive to investors

These shares will then begin trading from August 31. The company's shares surged 6 per cent to $1,459 in extended trading after the news about the split came out. While the value of each share will be split in five, it will mean there are five times ...

World shares march higher as S&P 500 nears all-time record World shares march higher as S&P 500 nears all-time record

The benchmark S&P 500 Index had been higher for much of the session, coming within striking distance of its closing record high from late February, before the onset of the USA coronavirus pandemic that triggered one of the most dramatic sell-offs...

Tesla woos retail investors with stock split, shares rise Tesla woos retail investors with stock split, shares rise

The sharp drop in price per shares creates a wider universe of potential investors and also often has the psychological effect of making it seem as if a stock is on sale. While many institutional investors have avoided Tesla's stock in recent years d...

More than 10.5 million diners claim half-price meals in first week More than 10.5 million diners claim half-price meals in first week

HMRC tweeted on Tuesday that 10.5 million "covers" had been claimed for in the first week of the schemes operation. "And they aren't just getting a great deal - they're supporting the nearly two million people employed in this sector", said Chancell...

United Kingdom job losses hit decade-high since 2009 as COVID hits United Kingdom job losses hit decade-high since 2009 as COVID hits

United Kingdom employment fell at its fastest rate in more than a decade between April and June, while wages shrank as the Covid-19 pandemic took its toll, according to figures released by the Office for National Statistics on Tuesday. While that h...

Extra $400 unemployment benefit: Can you get it? When? Extra $400 unemployment benefit: Can you get it? When?

On Saturday, Trump said it would be "rapidly distributed". "The president is determined to spend what we need to spend". The executive order says part of the money will come from the federal level and the state will have to pay the other part.

Asian shares on backfoot as focus shifts to United States stimulus, China tensions Asian shares on backfoot as focus shifts to United States stimulus, China tensions

Earlier, Asian shares outside Japan seesawed in holiday-thinned trade, staying below a six-and-a-half-month peak touched last week. China's blue-chip CSI300 was down a shade and Hong Kong's Hang Seng index fell 0.36% after the arrest of a high pr...

Trump says Pelosi, Schumer want to meet on U.S. coronavirus relief Trump says Pelosi, Schumer want to meet on U.S. coronavirus relief

Schumer deflected in order to make fun of Trump holding his ceremonial signing at his Bedminster golf course, and to pronounce the president's orders "unworkable, weak and far too narrow". Mnuchin countered that the states do have such funds "fro...

Canadian brewer apologizes for naming beer 'pubic hair' in Maori Canadian brewer apologizes for naming beer 'pubic hair' in Maori

However, earlier this week, Maori former television personality Te Hamua Nikora pointed the error and posted a Facebook video, to explain "huruhuru" was more commonly used in Te Reo Maori to refer to pubic hair. Mr Patriquin added: "To those who feel...

Nikola Receives Battery-Electric Truck Order From Republic Services Nikola Receives Battery-Electric Truck Order From Republic Services

Nikola inked a deal with Republic Services to produce 2,500 electric garbage trucks. The new platform can give refuse trucks almost three-times the HP of natural gas and diesel options, giving operators the ability to go up hills with full loads wi...

Tensions grow between Greece and Turkey over exploratory drilling Tensions grow between Greece and Turkey over exploratory drilling

We have to work together for the security in the Mediterranean. The deal made the controversial Turkish-Libyan maritime demarcation in the Mediterranean null and valid, according to several Egyptian experts. But last week, Ankara slammed a deal sig...

Amazon May Turn Abandoned Stores Into Fulfillment Centers Amazon May Turn Abandoned Stores Into Fulfillment Centers

What Happened: Amazon.com Inc (NASDAQ: AMZN ) is in talks with Simon Property Group Inc. The department-store chains have both filed for chapter 11 bankruptcy protection and as part of their plans have been closing dozens of stores nationally.

McDonald’s sues ex-CEO Steve Easterbrook to recover severance McDonald’s sues ex-CEO Steve Easterbrook to recover severance

McDonald's said it had also taken steps to prevent Easterbrook from selling stock it had granted to him or exercising his remaining share options. McDonald's fired Easterbrook last November after he acknowledged exchanging videos and text messages ...

Indices trade higher: Sensex holds gains, up 250 points Indices trade higher: Sensex holds gains, up 250 points

The Nifty of National Stock Exchange too rose by 96.30 pts to 11,310.35. Among the Sensex stocks, Mahindra & Mahindra gained 4.95 per cent. The Bombay Stock Exchange (BSE) Sensex opened 128 points higher at 38,168.42 in the morning and reached 38,4...

Hyundai reveals new Ioniq electric auto sub-brand Hyundai reveals new Ioniq electric auto sub-brand

The Ioniq's success, which came out of Hyundai's eponymous eco-mobility program, has now prompted the South Korean vehicle maker to brand an entire series under the name, which it says is a fusion of "ion" and "unique". It remains to be seen whether ...

Briefing: Facebook Begins Shift to Permanent Remote Workforce

Numerous world's most valuable companies, including Facebook , Apple Inc. and Alphabet Inc.'s Google are headquartered just south of San Francisco, which has made the surrounding area one of the wealthiest and most expensive in the world. For compan...

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