Friday January 28-th, 2022

Temper the Pfizer euphoria, Covid vaccine too expensive Temper the Pfizer euphoria, Covid vaccine too expensive

Canada's reliance on supply contracts to secure COVID-19 vaccines from drugmakers like Pfizer Inc has put daily life for Canadians, and prospects for the economy over the next year, in the hands of a few foreign companies facing overwhelming global d...

Coronavirus: Donald Trump vows vaccines for all Americans, refuses United States lockdown

Trump is simply trying to survive from one news cycle to the next, seeing how far he can push his case against his defeat and ensure the continued support of his Republican base", Haberman reported. "Ideally, we won't go to a lockdown". "He doesn'...

The Ford E-Transit Is The Most Exciting Electric Car In Years The Ford E-Transit Is The Most Exciting Electric Car In Years

Like the original Transit Van, the E-Transit will feature the same cargo dimensions and interior mounting points, allowing for the easy installation and integration of racks, bins, and other accessories. Ford's global marketing director of electric t...

Nissan Previews 2021 Qashqai And Its New e-Power Hybrid Unit Nissan Previews 2021 Qashqai And Its New e-Power Hybrid Unit

Nissan's new hybrid Qashqai model will be built at the firm's Sunderland plant, it has been confirmed. The 2021 Qashqai will be Nissan's first European model underpinned by the Alliance CMF-C architecture , has been designed by the Nissan Desi...

Atmanirbhar Bharat 3.0: Govt gives Diwali gift, announces fresh stimulus package Atmanirbhar Bharat 3.0: Govt gives Diwali gift, announces fresh stimulus package

She said, the central government will provide subsidy for two years in respect of new eligible employees after 1st October of this year under the scheme. To shore up investment, Sitharaman also announced Rs 10,200 crore extra outlay towards capital e...

The economy as we knew it might be over, Fed Chairman says The economy as we knew it might be over, Fed Chairman says

On the implications of a vaccine, he added, "From our standpoint, it's just too soon to assess with any confidence the implications of the news for the path of the economy, especially in the near term". However, the ECB President said one of her bi...

Sunak reviewing changes to capital gains tax Sunak reviewing changes to capital gains tax

Bill Dodwell, tax director at the OTS, said: "If the government considers the simplification priority is to reduce distortions to behaviour, it should consider either more closely aligning capital gains tax rates with income tax rates, or addressing ...

Moon to join ASEAN-related summits this week Moon to join ASEAN-related summits this week

He noted that there are many similarities between India's "Indo Pacific Oceans Initiative" and ASEAN's "Outlook on Indo Pacific". Prime Minister Tan Sri Muhyiddin Yassin attends the 37th Asean Summit via video conference in Kuala Lumpur Novembe...

Musk questions coronavirus tests, saying they gave opposite results on same day Musk questions coronavirus tests, saying they gave opposite results on same day

However, due to the contradicting test results, it is unclear whether Musk had contracted the disease or not. Two tests came back negative and two came back positive. Musk's tweets on Friday are hardly the first time he's questioned the science behin...

Trump bans US investments in firms linked to Chinese military Trump bans US investments in firms linked to Chinese military

Earlier this year, Mr Trump ordered the pension fund for government employees to abandon a plan to invest in Chinese companies. They include China Mobile Communications Group, tech giant Huawei and state-run firms involved in the country's space pr...

Disney+ hits 73 million subscribers Disney+ hits 73 million subscribers

Though the entertainment titan is still reeling from the pandemic, the growth of Disney+ has softened the blow. There were further increases in Disney's other streaming services, Hulu has 36.6 million subscribers, up 1.1 million from June, while ES...

OPEC cuts oil demand outlook again as spike in coronavirus slows recovery OPEC cuts oil demand outlook again as spike in coronavirus slows recovery

In 2019, global crude refining capacity stood at 102 million bpd, catering for 84 million bpd of refined oil products demand. The faltering outlook for consumption, combined with rising supply in places like Libya, puts pressure on the OPEC carte...

Dow snaps winning streak; tech propels S&P, Nasdaq higher Dow snaps winning streak; tech propels S&P, Nasdaq higher

It was up 37 points, or 0.1%, at 29,459, as of 2:15 pm. The Nasdaq composite, meanwhile, was leading the market with a gain of 2%. In factuality, demands of riskier assets had ramped up substantially earlier this week following Monday's landmark mo...

SoftBank books $1.3 billion loss from tech stock speculation SoftBank books $1.3 billion loss from tech stock speculation

The bets, which come as SoftBank hopes to reestablish its investing chops after portfolio companies struggled, turned sour after the firm booked a 292 billion yen derivative loss. The sell-off included part of its interest in Alibaba Group Holdin...

India enters into technical recession for first time: RBI Report India enters into technical recession for first time: RBI Report

The central bank's preliminary estimates show a jump in household financial savings to 21.4 per cent of the gross domestic product ( GDP ) in the first quarter of 2020-21, up from 7.9 per cent in Q1 and 10 per cent in the fourth quarter of 2019-20....

Deutsche: Time for a work from home tax

If applied then this tax is expected to raise $49 billion per year in the United States, 20 billion euros ($23.6 billion) in Germany and £7 billion ($9.3 billion) in the UK, as per Deutsche's calculations. But there are millions who can not work from...

Zoom agrees to bolster security following FTC settlement Zoom agrees to bolster security following FTC settlement

In reality, Zoom only recently started rolling out E2E encryption to video meetings. " Zoom's security practices didn't line up with its promises ", said Andrew Smith, director of the FTC's Bureau of Consumer Protection. Require Zoom personnel ...

Cabinet Approves Production-Linked Incentive Scheme For 10 Sectors Cabinet Approves Production-Linked Incentive Scheme For 10 Sectors

Briefing reporters after the cabinet meeting today, Information and Broadcasting Minister Prakash Javadekar said the scheme will make Indian manufacturers globally competitive, attract investment and enhance exports. ".so this PLI is also aimed at ge...

Economist proposes tax on home working Economist proposes tax on home working

He says there had been a sevenfold increase in the number of people working at home in the United Kingdom between 2005 and 2018. Deutsche Bank said Tuesday that people choosing to work from home rather than in an office should be taxed 5% of their ...

Hyundai Reveals 2021 Kona EV Hyundai Reveals 2021 Kona EV

The new Kona Electric gets a clean and sleek front appearance enhanced by its new-look closed grille. New, sharper headlamps stretch around the sides of the vehicle. The new Kona Electric is equipped with even more safety functions than its predece...

OPEC Expects Coronavirus To Curb Oil Demand Recovery Into 2021 OPEC Expects Coronavirus To Curb Oil Demand Recovery Into 2021

Thegrowth forecast is 300,000 bpd less than expected a month ago. Oil prices rose on Tuesday as hopes that a COVID-19 vaccine could be on the horizon outweighed the expected negative impact on fuel demand of new lockdowns to curb the virus.

China gears up for world's largest online shopping festival China gears up for world's largest online shopping festival

Noting that "China's Singles' Day", which falls on November 11 annually, is the world's biggest 24-hour online shopping event, with 1.9 billion products ordered and delivered a year ago, the BBC said, adding that it is thought that pent-up demand f...

S&P 500, Dow hit record highs on vaccine optimism S&P 500, Dow hit record highs on vaccine optimism

A 12.1 per cent surge for Chevron and 11.3 per cent jump for The Walt Disney Co. amid hopes that people will start driving and flying to theme parks again helped drive the Dow Jones Industrial Average to a leap of 1212 points, or 4.3 per cent, to 29,...

Air Canada Revenue Plunges 86% in Third Quarter Air Canada Revenue Plunges 86% in Third Quarter

The Montreal-based carrier said that revenue in the period had plunged 86% to 757 million Canadian dollars ($584 million), a drop of $4.77 billion. The stock was up 20% at C$18.82, while the benchmark Canadian share index was 2% higher. Despite cal...

Microsoft makes work-from-home a permanent option Microsoft makes work-from-home a permanent option

Employees won't receive relocation costs from the company if they plan to move from the office location and work remotely. The company promised to offer as much flexibility as possible to support every individual's working style. city and country):...

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