Friday January 28-th, 2022

The UK enters recession after biggest fall in quarterly GDP on record

The Office for National Statistics (ONS) said Britain's dire second quarter was driven by a 20-per cent drop in output in April, "the biggest monthly fall on record reflecting widespread... It is Britain's first recession since 2009 and the perform...

S&P 500 Index opens little changed after mixed USA data S&P 500 Index opens little changed after mixed USA data

Aggressive stimulus measures have helped the three main US stock indexes bounce back from a coronavirus-driven crash in March. Aggressive stimulus measures have helped the three main US stock indexes bounce back from a coronavirus-driven crash in M...

United Kingdom buys more potential COVID-19 vaccines from J&J and Novavax United Kingdom buys more potential COVID-19 vaccines from J&J and Novavax

The deals include an initial 60 million doses of Novavax's vaccine and 30 million doses of J&J's vaccine. Building on the existing agreement with Europe's Inclusive Vaccines Alliance spearheaded by Germany, France, Italy and the Netherlands, this...

United Kingdom strikes deals for 90M more Covid vax doses United Kingdom strikes deals for 90M more Covid vax doses

The deal includes 60 million doses of a vaccine being developed by United States biotech company Novavax and 30 million doses of one in the works by Belgian pharmaceutical company Janssen. NVX-CoV2373 is a candidate material in the form of nanopa...

Tesla sets 5-1 stock split and its high-flying stock soars again Tesla sets 5-1 stock split and its high-flying stock soars again

Trading on the stock-split basis will launch on August 31. Tesla's stock has surged over 200% this year, while shares of General Motors and Ford Motor declined on fallout from the coronavirus pandemic . Since March lows, Tesla shares have ne...

Daimler reaches deal to settle U.S. diesel emissions claims Daimler reaches deal to settle U.S. diesel emissions claims

The settlement is now subject to the final approval of the concerned authorities and courts which include the Environmental Protection Agency (EPA), Department of Justice (DOJ), California Air Resources Board (CARB), California Attorney General's O...

American Airlines Latest to Ban Face Masks with Valves or Vents American Airlines Latest to Ban Face Masks with Valves or Vents

Calling the wearing of a mask a "responsibility", the airline said that only "effective" coverings should be worn. "Since American began requiring face coverings in early May, the vast majority of customers have welcomed our continuing efforts to s...

Bentley Bentayga Speed unveiled Bentley Bentayga Speed unveiled

In terms of the powertrain, the 2021 Bentayga Speed carries over the 6.0-litre twin-turbo W12 engine with the eight-speed automatic gearbox from its predecessor , without any changes. The new-look exterior has been tweaked to match the elevated ...

Wall Street again falls just short of S&P 500 record Wall Street again falls just short of S&P 500 record

The S&P 500 and Nasdaq rose on Thursday, with Apple inching toward $2 trillion in market capitalization, as data showed jobless claims fell below one million last week for the first time since the start of the pandemic in United States .

Oil prices slip after IEA cuts demand forecast Oil prices slip after IEA cuts demand forecast

But IEA still said it expects global oil supply to fall by 7. 1 million of barrels per day in 2020 and increase by 1.6 million of barrels per day next year. It was 80 per cent down in April. The global coronavirus pandemic is weighing heavily on...

Britain has officially entered into recession | Good Morning Britain Britain has officially entered into recession | Good Morning Britain

ONS calculated that GDP grew by 8.7 percent in June as the economy slowly emerged from the lockdown implemented in late March. "The recession brought on by the coronavirus pandemic has led to the biggest fall in quarterly GDP on record".

U.S. Futures Slip; Travel Rules Hit Europe Stocks: Markets Wrap U.S. Futures Slip; Travel Rules Hit Europe Stocks: Markets Wrap

Meanwhile, adding that it could be hard to gauge whether the recent gains in European stocks would sustain, a head of global equities worldwide at Federal Homes, Geir Lode said on the day's session closure, "It reflects the uncertainty that still per...

Oil edges lower after jump on U.S. stocks draw Oil edges lower after jump on U.S. stocks draw

Brent crude settled up 93 cents, or 2.1 per cent, at US$45.43 a barrel. The "fall in US API crude inventories., the third sizeable weekly fall in a row, has supported prices", said Jeffrey Halley, senior market analyst at Oanda. "That's going to gi...

Senate adjourns until September with no coronavirus relief deal Senate adjourns until September with no coronavirus relief deal

Democrats are pushing for additional funds, including the $600 a week unemployment benefit. "The American people are sick of the stalemate", McConnell told host Bill Hemmer. The Senate will stop holding votes until September 8, but its members will...

HP Hyundai Elantra N Line Sedan Unveiled; Looks Uber Aggressive HP Hyundai Elantra N Line Sedan Unveiled; Looks Uber Aggressive

The rear end, meanwhile, gets a bulkier bumper and new twin exhaust pipes. Compared to the "vanilla Elantra", the N-Line model features stiffer suspension, larger front brake rotors, multi-link rear suspension and 18-inch wheels. So far, Hyundai on...

Coronavirus: Britain’s GDP falls by record 20.4% in April-June quarter Coronavirus: Britain’s GDP falls by record 20.4% in April-June quarter

Business picked up in June following the initial loosening of social distancing and lockdown measures, with monthly GDP rising by 8.7 percent during June. "There's still work to do and even as we recover many people are going to lose their jobs, alre...

Silver Price Today: Domestic Silver Futures Tumble 5% Tracking Global Precious Metals Silver Price Today: Domestic Silver Futures Tumble 5% Tracking Global Precious Metals

At MCX , Gold settled around Rs 55,000 with around 0.50 percent gains and silver settled around Rs 75,600 with around 2 percent gains. On Tuesday, gold futures on MCX (Multi Commodity Exchange of India) fell 1.5 percent or Rs 826 to Rs 54,120 ...

Australian unemployment hits 22-year high Australian unemployment hits 22-year high

Still, employment remained more than half-a-million people lower than in March, while hours worked were down 5.5% in the same period. The number of unemployed Australians topped one million for the first time ever during the month of July amid the ...

U.S. maintain tariffs on Airbus, EU urged to respond U.S. maintain tariffs on Airbus, EU urged to respond

Last month, Airbus said it would increase loan repayments to France and Spain in a " final " bid to reverse US tariffs and jog the United States into settling the long-running fight over billions of dollars of aircraft subsidies. The Scottish Whisky ...

McDonald's sues ex-CEO for allegedly lying about sexual relationships with employees McDonald's sues ex-CEO for allegedly lying about sexual relationships with employees

The company headquarters is returning to the city, which it left in 1971, from suburban Oak Brook. McDonald's is claiming that Mr Easterbrook lied to the board of directors about the extent of his relationships with not just one, but three empl...

Mulan Is Going Straight To Disney+, But It's Going To Cost Extra Mulan Is Going Straight To Disney+, But It's Going To Cost Extra

Chinese American actor Liu Yifei took the helm of the film, which is based on the Disney animated film " Mulan " released in 1998. But the newly released trailer hopes to persuade audiences with a glimpse of the action awaiting them. Will you pay an ...

New Jobless Claims Dip Below 1 Million For 1st Time Since March New Jobless Claims Dip Below 1 Million For 1st Time Since March

Claims peaked at a record 6.867 million in mid-March, as the pandemic-driven lockdowns delivered a historic blow to the US economy. "Another larger-than-expected decline in jobless claims suggests that the jobs recovery is regaining some moment...

Taoiseach Micheál Martin to meet Boris Johnson in Northern Ireland today Taoiseach Micheál Martin to meet Boris Johnson in Northern Ireland today

Following formal acceptance of invitations to join the Centenary Forum and Historical Advisory Panel, it is expected that these groups will have their first meetings later this month. He promised these close ties will continue. "I can not overstate...

Google employees to work from home until summer 2021 Google employees to work from home until summer 2021

Google's Chief Executive Officer Sundar Pichai told employees in an email that the company will extend its voluntary work-from-home option through June 2021. "We and a lot of other folks were very anxious that productivity was going to really fall of...

GOLDSTEIN: COVID-19 dumps Ontario into an ocean of red ink GOLDSTEIN: COVID-19 dumps Ontario into an ocean of red ink

In May, the province's independent financial accountability office warned that the deficit could balloon to $41 billion due to a combination of increased spending and decreased tax revenues because of the pandemic. The government said Wednesday that ...

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