Saturday January 29-th, 2022

Budget deficit to hit record $3.3T due to virus, recession Budget deficit to hit record $3.3T due to virus, recession

The non-partisan US Congressional Budget Office on Wednesday said the federal budget deficit for fiscal 2020 will hit $3.3 trillion (Dh12.1tn), or 16 per cent of gross domestic product, down from its April 24 preliminary estimate of $3.7tn.

Japan’s ruling party sets schedule to elect PM Abe’s successor Japan’s ruling party sets schedule to elect PM Abe’s successor

A recent Kyodo News poll showed Ishiba was the most popular choice to be the next prime minister, gaining the support of 34.3 percent of respondents, followed by Suga at 14.3 percent, Defense Minister Taro Kono at 13.6 percent, Environment Minister S...

Lucid Motors Announces Sub-10 Second Quarter-Mile, Besting Tesla Model S Lucid Motors Announces Sub-10 Second Quarter-Mile, Besting Tesla Model S

That makes it the world's quickest production electric sedan, according to Lucid, and the only electric sedan able to do the sprint in under 10 seconds. The motors are two and a half times more volumetrically compact than than the closest competitor,...

Striking new Hyundai Tucson teased Striking new Hyundai Tucson teased

No surprises, the new Tucson shares a lot in common with the new i30 Sedan (still known as the Elantra overseas), with bold LED signatures at both ends and a heavily angled design throughout. These signature DRLs (daytime running lights) are s...

This McDonald's Burger Hasn't Decomposed Since 1996! This McDonald's Burger Hasn't Decomposed Since 1996!

Aly's grandmother then unwraps the hamburger and opens it to show two buns and a meat patty that don't appear to look any different to a fresh McDonald's burger. At the time, Anne Christensen, director of Industry Brand Track record for McDonald's,...

Your authority on United Kingdom local government - Launch of £2bn youth employment scheme Your authority on United Kingdom local government - Launch of £2bn youth employment scheme

Dubbed "Kickstart", it is aimed at creating hundreds of thousands of jobs for the "left-behind" under-25s. Businesses, which can sign up for the scheme from today, will be given £1,500 to help set up the training course. Therese Coffey, secretary o...

USA stocks head higher, add to market's solid string of gains USA stocks head higher, add to market's solid string of gains

The Federal Reserve's "Beige Book" report showed a modest increase in activity for US businesses and an increase in employment through late August, while economic growth remained sluggish in parts of the country. Investors are now waiting for the g...

Old Navy will pay employees to work the polls on Election Day Old Navy will pay employees to work the polls on Election Day

It's a move that comes amid alarming reports of a looming nationwide shortage of poll workers, who are typically elderly and retired people - a population that this year are at increased risk of suffering from complications due to the novel coronavir...

Former PM Tony Abbott Calls For Lockdown And Travel Restrictions To End Former PM Tony Abbott Calls For Lockdown And Travel Restrictions To End

Caroline Nokes said the former Australian Prime Minister is a "misogynist" who is not the sort of man that should be representing the British people. 'I think it's in Britain's interests and it's in Australia's interests that this particular free ...

Australia officially enters recession, first time in nearly 30 years Australia officially enters recession, first time in nearly 30 years

Still, Frydenberg insisted Australia has been more successful than most in handling the crisis. "Our Australian economy has been savaged by the COVID-19 global pandemic and recession ". She added that China's pandemic recovery was incredibly imp...

Oil rises towards $46 on US inventory drop, economy hopes Oil rises towards $46 on US inventory drop, economy hopes

While a gauge of China's services industry is at the strongest level since early 2018, according to the National Bureau of Statistics, countries around the world are struggling to contain the virus. U.S. West Texas Intermediate futures rose 34 ce...

New Chinese technology trade restrictions could harm imminent TikTok sale New Chinese technology trade restrictions could harm imminent TikTok sale

According to the U.S. President, the purchase of TikTok by an American company must be beneficial to the U.S. This means that the deal may have to include some sort of royalty payable to the American government. American companies will have to get...

A man flying a jetpack was reported by pilots above Los Angeles A man flying a jetpack was reported by pilots above Los Angeles

PDT Sunday", the FAA said. When the air traffic controller warned a JetBlue pilot to be on the lookout for the man, another pilot joked, "Only in LA." Audio from LiveATC.net and shared by several local media show crews on both Southwest A...

Samsung’s Lee indicted over controversial 2015 merger Samsung’s Lee indicted over controversial 2015 merger

Mr Lee, also known as Lee Jae-yong, is said to deny the charges. Prosecutors made a decision to indict 52-year-old Lee due to the gravity of manipulating the capital market over a controversial 2015 merger of two Samsung affiliates that helped him ...

Prime Minister fear getting a trade deal is looking 'very difficult' Prime Minister fear getting a trade deal is looking 'very difficult'

The informal talks between Mr Frost and Mr Barnier come ahead of the start of the eighth round of formal negotiations next week. With the transition period ending on January 1, both sides have said this month will be crucial. 'We can stay united so...

Former franchisees sue McDonald's for racial discrimination Former franchisees sue McDonald's for racial discrimination

The plaintiffs, whose franchises date to 1981 and who left the company within the past decade, also allege that McDonald's retaliated against Black franchisees who rejected being placed in high-crime communities; denied them financial support and ass...

Glasgow lockdown restrictions announced amid spike in coronavirus cases Glasgow lockdown restrictions announced amid spike in coronavirus cases

The situation has worsened and in Glasgow, 66 cases have been recorded overnight, 10 more than Aberdeen had reported when it was put into lockdown recently. Exceptions to the new regulations are that extended households can continue arrangements they...

Japan to participate in World Health Organization coronavirus vaccine programme Japan to participate in World Health Organization coronavirus vaccine programme

The federal government also disclosed it is in advanced negotiations with drug-maker AstraZeneca PLC, which is working on co-developing a vaccine with Oxford University. President of the EC, Ursula von der Leyen said in a press release that they will...

Biden hits campaign trail, blames Trump for city violence Biden hits campaign trail, blames Trump for city violence

Trump, however, is making clear he comes with a different priority: countering what he has repeatedly described as the "anarchy" in Democratic-led cities. The city in one of the most significant states of the electoral map has been in turmoil since t...

Turkish manufacturing activity recovery continues Turkish manufacturing activity recovery continues

United Kingdom factory output expanded at the quickest rate in more than six years as firms ramped up operations following the nationwide Covid-19 lockdown. The world's second-biggest economy has largely managed to bounce back from the coronavirus ...

Tesla to sell as much as $5bn of shares after stock surge

Shares of the Cupertino-California-based company, which have rallied almost 30 percent since it announced its surprise 4-for-1 stock split and blockbuster quarterly results on July 30, rose 2.6 percent to US$127.99 (A$173.60) on Monday . He adjusted...

Zoom revenues skyrocket as profits double Zoom revenues skyrocket as profits double

Revenues leaped 355% to $663.5m (£496.3m) for the three months ending 31 July, beating analysts' expectations of $500.5m. The company, founded and headed by former Cisco manager Eric Yuan, raised its annual revenue target for fiscal year 2021 to a ...

Putting Portugal back on quarantine list 'would cause more chaos and hardship' Putting Portugal back on quarantine list 'would cause more chaos and hardship'

A seven-day rate of 20 is the threshold above which the United Kingdom government considers triggering quarantine conditions. Portugal needs a "miracle drop" in circumstances to stay clear of going back again onto the UK's quarantine list, just a...

Hotel and casino group MGM Resorts lays off 18,000 Hotel and casino group MGM Resorts lays off 18,000

He went on to say that the leadership team is working hard to find ways to drive up revenue and to hopefully get more people back to work. MGM Resorts will also continue supporting current and former employees as needed through the MGM Employee Eme...

RBA leaves cash rate at 0.25% RBA leaves cash rate at 0.25%

The yen had jumped last week after Japanese Prime Minister Shinzo Abe resigned on health grounds. The RBA left its cash rate at a record low of 0.25% on Tuesday, but surprised by expanding a program of cheap funding for banks and extending it o...

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