Wednesday January 26-th, 2022

Coronavirus-hit Qantas posts $2bn annual loss Coronavirus-hit Qantas posts $2bn annual loss

However, the airline also said it had looked to its suppliers - including those that serve its IT needs - for concessions and a restructure of contracted arrangements. The US, with the level of prevalence there, is probably going to take some time. B...

Airbnb confidentially files for US IPO Airbnb confidentially files for US IPO

The move comes as the travel industry suffers an economic blow from the coronavirus pandemic amid slowdowns in tourism. However, in a sign of an early recovery, the San Francisco-based startup said in July guests had booked more than 1 million ni...

S&P 500 completes recovery from COVID-19 sell-off, hits record high S&P 500 completes recovery from COVID-19 sell-off, hits record high

And so too was yield-curve control, but there appears to be little enthusiasm for it. "The Fed was cautious in the minutes and has been over the last month", said Mike O'Rourke, chief market strategist, Jones Trading. Already the most valuable li...

Inflation slows as prices for air travel and accommodation tumble Inflation slows as prices for air travel and accommodation tumble

Annual prices for meat rose at a slower pace in July than June largely due to production ramping up again following plant closures caused by spikes in infection rates among workers. The ONS said the leap in CPI came after petrol and diesel prices soa...

Pelosi Says Democrats Willing to Cut Stimulus Proposal 'In Half' Pelosi Says Democrats Willing to Cut Stimulus Proposal 'In Half'

Smaller deal of around $500 billion between White House and Congress could include funding for postal service, other items, he noted. That amount still falls far short of what Democrats have been seeking in protracted discussions with the administr...

S&P reaches record intraday high on bullish housing data S&P reaches record intraday high on bullish housing data

Update 9:46 a.m. ET: The S&P set a new intraday record high, climbing to 3,394.02. The Dow Jones Industrial Average rose 33.19 points, or 0.12 per cent, at the open to 27,811.26. Closing at a record high, according to a widely accepted definition, ...

European Union urges Turkey to end renewed drilling in East Med European Union urges Turkey to end renewed drilling in East Med

A French navy frigate could be seen off southern Cyprus on Tuesday. Let us remind you that in August the Turkish drilling ship Barbaros Hayrettin resumed drilling operations in the Mediterranean Sea, including the research vessel Oruc Reis set of...

‘Made in India’ iPhone 12 series to launch in mid ‘Made in India’ iPhone 12 series to launch in mid

Moreover, the contract manufacturer is said to have a planned investment of over Rs. 2,900 crores to bolster its operations. Furthermore, Wistron has begun the recruitment process for the new unit; as it plans to hire about 10,000 employees in a ph...

HCAC Stock Rises After Merger With EV Company Canoo HCAC Stock Rises After Merger With EV Company Canoo

The former BMW (DE:) executive cited Hennessy's long track record, which includes taking school bus maker Blue Bird Corp (O:) public in 2015. So-called blank check companies exist only to find startups to take public. "Unlike any other EV company, C...

Trump canceled China talks, says Biden is weak on foreign policy Trump canceled China talks, says Biden is weak on foreign policy

White House chief of staff Mark Meadows said that bilateral contacts with representatives of Beijing on the first phase of the trade deal between the United States and China have begun in Washington. "I can't just say we made a great trade deal so ...

Australia locks in virus vaccine deal as new cases ease Australia locks in virus vaccine deal as new cases ease

Speaking on Wednesday, Morrison acknowledged that there were "big hurdles" in producing a successful vaccine but said the AstraZeneca-Oxford University project is "one of the best prospects in the world today". "So we shouldn't hang our hats on a sin...

Nigeria’s inflation rate rises to 12.82 percent Nigeria’s inflation rate rises to 12.82 percent

The food and non-alcoholic beverages group witnessed a price rise by 0.61%; health by 0.29%; and education by 2.21%. On a month-on-month basis, the NBS disclosed that the urban index rose by 1.27% in July 2020, up by 0.04% from 1.23% recorded in Ju...

Oracle reportedly in talks to acquire TikTok assets Oracle reportedly in talks to acquire TikTok assets

Bytedance has until mid-November to find a buyer for TikTok's U.S. operations or faces being banned from the country. According to the Financial Times , Oracle and ByteDance have held preliminary talks with the former seriously considering TikT...

S&P 500 hits new intraday record, regaining pre-COVID levels S&P 500 hits new intraday record, regaining pre-COVID levels

Aggressive stimulus measures have helped the three main USA stock indices bounce back from a coronavirus-driven crash in March, and the S&P 500 briefly traded above its February 19 record close for a second straight day on Thursday. The retailers, al...

SEISS second stage opens for applications SEISS second stage opens for applications

Calling for further help beyond the autumn, shadow chancellor Anneliese Dodds said: 'The Chancellor now plans to cut off support for every self-employed worker in the country from October - no matter whether they're back at work or back under local l...

Walmart profits boosted by e-commerce, United States stimulus payments Walmart profits boosted by e-commerce, United States stimulus payments

For the 13-week period ending July 31, the Bentonville, Ark. -based mass merchant said USA sales increased by 9.5% to $93.3 billion, while comps improved by 9.3%, reflecting a 27% increase in average basket size, and a 14% decline in store traffic.

United Kingdom retailer Marks & Spencer to cut 7,000 jobs United Kingdom retailer Marks & Spencer to cut 7,000 jobs

But the retailer said operating during the pandemic had showed it could work " more flexibly and productively", with more staff multi-tasking and moving between food, clothing and home departments. It comes as M&S revealed total sales in its hard-...

Elon Musk climbed to fourth place on Bloomberg's list of billionaires Elon Musk climbed to fourth place on Bloomberg's list of billionaires

The increase vaulted the Tesla co- creator past French high-end magnate Bernard Arnault, the most affluent non-American on the Bloomberg Billionaires Index Musk's $84.8 billion fortune puts him within $15 billion of Mark Zuckerberg, No 3 on the ran...

Uber asks appeals court for California injunction pause Uber asks appeals court for California injunction pause

That ruling goes into effect on August 20th, to which the companies had requested a 10-day extension in order to attempt an appeal. The bill mandates that "transportation network companies" like Uber and Lyft stop misclassifying their workforce as ...

EasyJet to axe Southend and Newcastle routes to Jersey from September EasyJet to axe Southend and Newcastle routes to Jersey from September

Ryanair said the cuts would be focused on flights serving countries such as Spain, France and Sweden, where a rise in coronavirus cases has triggered tighter travel restrictions. He added: "Working closely with our employee representatives, I am pl...

Pizza Huts slated to close as franchisee files for bankruptcy

There are 6,700 Pizza Hut restaurants in the U.S. The Hays Pizza Hut is not an NPC location. NPC employs about 7,500 full-time employees and 28,500 part-time employees at both Pizza Hut and Wendy's in 30 states, the company said. Wendy's sales , ho...

'Significant redundancies' proposed and possible mill closure for steel industry - E Tu 'Significant redundancies' proposed and possible mill closure for steel industry - E Tu

E tÅ "member Lance Gush, who works at New Zealand Steel's Glenbrook mill, says while the extent of the redundancies isn't yet known, the situation was causing anxiety for workers". In the United States, major auto makers who use BlueScope materials s...

Canadian Real Estate Association says home sales hit record high in July Canadian Real Estate Association says home sales hit record high in July

There were just 2.8 months of inventory nationwide, the lowest level on record, CREA said. The "sales-to-new listings" ratio in July was at its highest levels since 2001-2002, at 73.9 per cent. US crude prices CLc1 settled up 2.1% at $42.89 a barrel,...

China considering anti-subsidy probe into Australian wine exports -Australian minister China considering anti-subsidy probe into Australian wine exports -Australian minister

Denying Australia has illegally dumped wine to China, Birmingham said Canberra has been told a second investigation into subsidies could be next. Wine is the third Australian industry to be hit by China this year, with beef and barley exports alrea...

United Kingdom does not accept result of Belarus election - Raab United Kingdom does not accept result of Belarus election - Raab

His opponents say the election was rigged. Demonstrators held placards with slogans such as "You can't wash off the blood" and "Lukashenko must answer for the torture and dead". The president's unfortunate public appearance comes as nationwide outr...

IN CASE YOU MISSED IT