Wednesday January 26-th, 2022

Beijing Auto Show: Hyundai premieres RM20e electric racing midship sports vehicle Beijing Auto Show: Hyundai premieres RM20e electric racing midship sports vehicle

To revive lackluster sales in the neighboring country, Hyundai launched the localized Elantra compact through the show and announced its plans to launch the all-new Tucson SUV next year, the statement said. Along with the RM20e's world premiere and...

China's industrial profits up 19.1% in August China's industrial profits up 19.1% in August

This is due in part to a recovery in global commodity prices such as oil and iron ore. Profits of the mining industry plunged 38.1 percent during the January-August period, and that of the manufacturing industry fell 1 percent, said the NBS.

United States stocks rally as dip-buying intensifies after rout United States stocks rally as dip-buying intensifies after rout

Shares of other largest American companies by capitalization, Amazon.com Inc (NASDAQ: AMZN) and Microsoft Corp (NASDAQ: MSFT), are also moderately gaining in price. The Dow slid 483.46 points, or 1.8%. Boeing surged on a news report the top USA aviat...

William Hill soars as potential buyers make cash proposals William Hill soars as potential buyers make cash proposals

Hills said discussions with both parties were ongoing and there was no guarantee that all this smoke would eventually turn into a rip-roaring, four-alarm gambling consolidation fire. This is Harris' latest venture in the sports world. William Hill...

BMW fined $18 million for inflating monthly US sales figures BMW fined $18 million for inflating monthly US sales figures

The SEC's Director of the Division of Enforcement, Stephanie Avakian, said "Through its repeated disclosure failures, BMW misled investors about its USA retail sales performance and customer demand for BMW vehicles in the US market while raising ca...

European Union proposes rules on crypto-assets European Union proposes rules on crypto-assets

In a policy statement issued on September 24, the European Commission announced plans to work towards regulatory clarity for Europe's crypto and blockchain market. The proposal submitted by EC focused on stablecoins to a more considerable e...

Hydrogen plane takes flight over Bedfordshire in 'world first' for commercial aircraft Hydrogen plane takes flight over Bedfordshire in 'world first' for commercial aircraft

On Monday Airbus unveiled concepts for hydrogen-fuelled aircraft it said could enter service by 2035. ZeroAvia and EMEC have developed the Hydrogen Airport Refuelling Ecosystem at Cranfield to demonstrate its concept for the production, storage, and ...

Supermarkets bring in rationing as panic-buying returns Supermarkets bring in rationing as panic-buying returns

On Thursday the United Kingdom recorded the highest number of daily coronavirus cases ever recorded, at 6,634 new confirmed infections. Morrisons has been the first supermarket to reintroduce rationing of food items in a bid to stop panic buying...

Jobs Support Scheme what it means for your small business Jobs Support Scheme what it means for your small business

Addressing the House of Commons after scrapping the autumn Budget, Sunak confirmed that the Coronavirus Job Retention Scheme would end as planned on 31 October, noting that he "cannot save every job - no Chancellor could". This will provide flexibili...

US Tightens Exports to China's Chipmaker SMIC, Citing Risk of Military Use US Tightens Exports to China's Chipmaker SMIC, Citing Risk of Military Use

The Commerce Department in its letter said exports to SMIC "may pose an unacceptable risk of diversion to military end-use in the People's Republic of China". SMIC replied , "Any assumptions of the company's ties with the Chinese military are untrue ...

Sublime growth of durable goods orders reported Sublime growth of durable goods orders reported

Orders for non-defence capital goods excluding aircraft, a closely watched proxy for business spending plans, rose 1.8 per cent last month, the Commerce Department said. However, fading fiscal stimulus is clouding the outlook for Q4 growth. "The qu...

Democrats Prepare New Stimulus Plan in Push to Kickstart Talks Democrats Prepare New Stimulus Plan in Push to Kickstart Talks

While smaller than the US$3.4 trillion package the House passed in May, it remains much larger than what the US Senate has said it could accept. In July, Senate Republicans put ahead the HEALS Act, a $1 trillion invoice which might have prolonged a...

Uber, Lyft granted reprieve just hours before shutdown in California

Prior to the August 20 appeal ruling, the court found that both Lyft and Uber were in violation of AB 5, which regulates how employees and independent contractors are classified. That ruling doesn't affect Uber's growing Eats business, so regardless...

Fed’s policymakers diverge on outlook for inflation, economy Fed’s policymakers diverge on outlook for inflation, economy

Meanwhile, the head of the Federal Reserve Bank of Chicago Charles Evans on Thursday noted that until there is sufficient progress in controlling the spread of the virus, a full economic recovery will be hard. "Recent data posts, most notably the job...

Still on CERB? You're getting help Still on CERB? You're getting help

Usually, the benefit is based on your average weekly earnings before you made your EI claim. The minority Liberal government has reached a deal with the New Democrats over legislation to support workers during the COVID-19 pandemic, securing the ba...

United States government sanctions Chinese chipmaker SMIC, FT reports United States government sanctions Chinese chipmaker SMIC, FT reports

SMIC and other chip manufacturers depend on US software and chip-making machinery to produce semiconductors. "We continue to engage constructively and openly with the U.S. Exports to China's largest chipmaker pose an "unacceptable risk" of being di...

Turkey's surprise move to lift interest rate boosts ailing lira Turkey's surprise move to lift interest rate boosts ailing lira

The decision caps a period of tightening by stealth as the central bank tried to contain the lira's weakness by using fringe tools and ceasing to provide funding at its cheapest benchmark rate. Inflation edged up to 11.77% in August and has remained ...

870,000 USA workers file new jobless claims; unemployment at 8 870,000 USA workers file new jobless claims; unemployment at 8

The Tennessee Department of Labor and Workforce Development released the latest numbers on Thursday, saying 11,313 new claims were filed during the week ending on September 19 - that's up from the previous week when 10,771 claims were filed.

New Hyundai i30 priced from £20,695 New Hyundai i30 priced from £20,695

Lastly, N Track Sense Shift, as the name suggests, detects when the roads are ideal for driving quickly - such as racetrack - and adjusts the shift points to suit. In standard trim, the i30 N ships with a set of 18-inch alloy wheels, but when the Per...

2nd-Gen Rolls Royce Ghost LWB launched at Rs. 7.95 crore 2nd-Gen Rolls Royce Ghost LWB launched at Rs. 7.95 crore

Two launches from Rolls-Royce in the same month is something even the folks at Goodwood might not be accustomed to. Nonetheless, the brand has come up with the Ghost Extended that commands a premium of Rs. And comfort they need, as now they can sip s...

Qantas sells fully stocked bar carts from retired 747s Qantas sells fully stocked bar carts from retired 747s

Aviation fans rushed to snap up these Qantas catering carts. For just over $1,000 USA dollars, a full bar cart comes with mini bottles of champagne, white and red wine, snacks like biscuits, cookies and almonds, as well as first class amenities l...

Wells Fargo CEO Apologizes After Saying The Black Talent Pool Is 'Limited' Wells Fargo CEO Apologizes After Saying The Black Talent Pool Is 'Limited'

Scharf also repeated this claim in a Zoom meeting over the summer, and the comments bothered some of the bank's employees, Reuters said. "There are many diverse talented individuals who work at Wells Fargo and throughout the financial services indu...

Nikola Founder, Trevor Milton Resigns After Fraud Accusations Nikola Founder, Trevor Milton Resigns After Fraud Accusations

Investors learned the truth through a series of partial disclosures, beginning on September 10, 2020, when Hindenburg Research published a scathing report accusing Nikola of lying about its truck's capabilities, partnerships and products, and endin...

Apple may face European Union rules to open up payment technology Apple may face European Union rules to open up payment technology

The EU on Friday appealed a major setback at a European court that annulled a Brussels order that Apple repay Ireland €13 billion (about R260 billion) in back taxes. The appeal "will not alter the factual conclusions of the General Court, which pro...

State issues guidelines for celebrating Halloween safely during pandemic State issues guidelines for celebrating Halloween safely during pandemic

Keep a six-foot distance from others not in your group. The higher-risk category includes door-to-door trick-or-treating and events where children get treats from the trunks of cars in a parking lot. Check out halloween2020. org to find exciting ...

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