Friday January 28-th, 2022

EU set to get WTO green light for US tariffs EU set to get WTO green light for US tariffs

A list of USA goods to be considered for tariffs by the European Union, published last April, includes aircraft. In the latest development in the 16-year saga between Washington and Brussels over support for their aircraft manufacturers, the Europe...

JPMorgan beats estimates as Q3 profit up 4% amid higher trading revenue

Many economic indicators have markedly improved since the pandemic shutdowns of April and May. Bond trading revenue rose 18 per cent from a year earlier, while equities trading increased 15 per cent. JPMorgan reported a profit of $9.44 billion, o...

Apple prepares to unveil the iPhone 12 Apple prepares to unveil the iPhone 12

The new iPhone will also come with MagSafe for iPhone. Plus, we also get our first detailed look at the HomePod Mini smart speaker and its eye-catching spherical design that looks inspired by Amazon's new Echo Dot family that was launched a few...

Retail inflation rises to 7.34 pct in India Retail inflation rises to 7.34 pct in India

The index of food at home-a proxy for supermarket inflation-showed a 4.1% year-over-year price increase but the index fell by 0.4% sequentially as five of the six major food groups declined their rate of growth as reported in August , when year-over...

Int'l Monetary Fund upgrades Poland's GDP growth Int'l Monetary Fund upgrades Poland's GDP growth

The contraction would still be the deepest since the Great Depression, with Covid-19 having killed more than 1 million people and shut down large swaths of business. India saw the steepest forecast reduction, with a 10.3 per cent contraction seen for...

Twilio to Acquire Segment for $3.2B Twilio to Acquire Segment for $3.2B

Twilio Inc TWLO .N, founded in 2008, had not finalised the deal by the weekend, negotiations between the two tech companies are believed to be at the final stages. Twilio now has a per-share price of £235.47 per share that translates to an over 32...

Climate change poses 'profound threat' to global growth Climate change poses 'profound threat' to global growth

China, the world's second-largest economy , is expected to grow 1.9% this year, a sharp slowdown from the 6.1% gain in 2019, and then expand 8.2% in 2021. The euro zone's economy will shrink by 8.3 per cent in 2020, an improvement from a 10.2 per ce...

PC shipments up 13% in Q3; breaks 10-year record PC shipments up 13% in Q3; breaks 10-year record

Shipments of Macs grew an astonishing 39% during the third quarter of 2020, reports a market-research firm. According to Canalys' estimated numbers, Lenovo continues to control the largest market share in the PC market, although a growth of 11.4 ...

Boris warns Macron 'we're ready to walk away without a deal' Boris warns Macron 'we're ready to walk away without a deal'

The top-level intervention marks a significant shift up a gear in deliberations that have been in a near-stalemate since they began in March. Lead negotiators Michel Barnier and Lord Frost met on Friday for face-to-face discussions in London.

Bank of England asks banks if ready for negative interest rates Bank of England asks banks if ready for negative interest rates

THE Bank of England (BOE) asked banks on Monday for information about their readiness for zero or negative interest rates, following up on its announcement last month that it was considering how to take rates below zero if needed. Central banks can i...

Australia seeks answers on reported Chinese coal 'ban' Australia seeks answers on reported Chinese coal 'ban'

China has suspended purchases of Australian coal, according to people familiar with the order, as Beijing continues to tightly control imports of the fuel amid soured political relations with Canberra. Thermal coal is one of the few resources in whic...

Gold retreats from three-week high on stronger U.S. dollar Gold retreats from three-week high on stronger U.S. dollar

Spot gold fell 0.2 per cent to $1,925.29 per ounce by 0046 GMT, after hitting its highest level since September 21 at $1,932.96 earlier in the session. The attention of investors is focused now on the United States stimulus aid package negotiations a...

Americans Paul Milgrom and Robert Wilson win 2020 Nobel Prize in Economics

Americans Paul R Milgrom and Robert B Wilson have won the Nobel Prize for economics for "improvements to auction theory and inventions of new auction formats". Speaking to reporters in Stockholm via a telephone link, Mr Wilson said the announcement h...

Kane COVID cases drop on Sunday Kane COVID cases drop on Sunday

That brings the state's overall total number of COVID-19 cases to 133,411. "The incidence of COVID-19 has been relatively low the past three weeks in Jackson County". The county's seven-day testing positivity rate jumped from 3% to 3.7% , while th...

Amazon gives first glimpse of its Rivian electric vans Amazon gives first glimpse of its Rivian electric vans

Thursday's reveal of the first of three electric delivery vehicles being developed under the partnership emphasises the improvements in driver experience and safety that have been the project's focus. The rear luggage compartment has three levels of ...

China's CBDC will be distributed in Shenzhen as part of public trials China's CBDC will be distributed in Shenzhen as part of public trials

The currency retreated to 6.7320 per dollar, after closing on Friday at the strongest level since April 2019. The Bloomberg Commodity Index fell 0.2%.West Texas Intermediate crude fell 2.8% to $39.47 a barrel.Gold weakened 0.3% to $1,924.35 an ounc...

US Works to Reopen London Travel Before Holidays US Works to Reopen London Travel Before Holidays

If such a corridor is implemented, people who use it for traveling between the countries will be subject to coronavirus testing that will allow them to avoid a long quarantine period. agencies are said be working on the plan, with discussions als...

Dollar ticks up on stalled stimulus talk; yuan falls after PBOC move

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1% in early trade. The Trump administration on Sunday called on Congress to pass a stripped-down coronavirus relief bill, as talks on a more comprehensive plan were again at an i...

Greece calls new Turkish survey mission a threat to region Greece calls new Turkish survey mission a threat to region

The Oruc Reis research ship will travel near the Greek island of Kastellorizo as a part of its operation. Greece wants the possible talks to focus on the demarcation of maritime borders, while Turkey is demanding that the countries discuss Gree...

Doyle steps up as British Airways chief executive Doyle steps up as British Airways chief executive

As such, the Irish Airline's Chief Corporate Affairs Officer, Donal Moriarty, will become an interim CEO for the airline. British Airways is now in the process of axing 13,000 jobs or about one third of its workforce in response to the fallout from...

BoE’s Bailey warns worsening COVID trend hangs over economy BoE’s Bailey warns worsening COVID trend hangs over economy

He said the rapid rise of cases "reinforce the downside risks" to the economy as he laid bare worries over unemployment that is rising faster than shown in official data and long-term scarring from the crisis. Neil Wilson, an analyst at Markets.com, ...

FM announces ₹10,000 interest-free festival advance to employees FM announces ₹10,000 interest-free festival advance to employees

Addressing a press conference, Sitharaman said the new proposals have been created to stimulate demand in a fiscally prudent way by front-loading some expenditure. However, employees can spend an LTC cash voucher only through digital mode and at plac...

Doctor says Trump won't transmit virus, stays mum on tests Doctor says Trump won't transmit virus, stays mum on tests

Despite that, she has won praise from top conservatives, evident Saturday at the White House , Fox reported. Ko said people who have had COVID-19 can continue to test positive for weeks or longer after they are no longer infectious. But Conley d...

Driverless Waymo rides available to public starting Thursday in Phoenix Driverless Waymo rides available to public starting Thursday in Phoenix

Since the end of 2019, Waymo - which became a standalone Alphabet subsidiary in late 2016 - has been piloting a driverless offering limited to a small group of customers. After notching up more than 2 million autonomous miles, Google's self-driving...

Set aside order on NPA classification freeze: RBI to Supreme Court Set aside order on NPA classification freeze: RBI to Supreme Court

This comes days after the government told the apex court that it has chose to "waive interest" on loans of up to Rs 2 crore during the six-month moratorium period. The RBI explained that its Resolution Framework, based on the suggestions of the K.V. ...

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