Saturday January 29-th, 2022

China Inflation Sinks 0.5% On Year In November China Inflation Sinks 0.5% On Year In November

This means that pork prices have fallen considerably. Food prices fell 2 percent year on year in November, retreating from the 2.2 percent rise in October, dragging the headline CPI down by around 0.44 percentage points to be the main reason for th...

Tesla seeks to sell $5B in stock; CEO Musk moves to Texas Tesla seeks to sell $5B in stock; CEO Musk moves to Texas

He also could be moving because Texas has no income tax. Tesla is now building two new factories - one in Austin, Texas, and its first European plant, near Berlin - and expanding output at its existing vehicle-assembly facilities in Fremont, Califo...

Elon Musk says he moved to Texas Elon Musk says he moved to Texas

Mr. Musk made the comments Tuesday during The Wall Street Journal's CEO Council annual summit in an interview with Editor in Chief Matt Murray. Goldman Sachs has reviewed potential offices north of Miami that could service wealthier clients in th...

United Kingdom and EU Reach a Deal on Northern Ireland Border

Tuesday's agreement fills in some of the blanks left by the January treaty, covering issues such as what export declarations are needed, supply rules for medicines and food to supermarkets, and the process for border checks on animals and plants.

TSX outshines Wall Street as gold, uranium stocks rally TSX outshines Wall Street as gold, uranium stocks rally

The other major USA indexes ended lower, but the TSX closed positively for the day thanks mostly to gains in precious metals stocks. Gold prices hiked $24.80 to $1,864.80. But with President-elect Joe Biden due to take office on January 20, analyst...

Senator says Trump, McConnell likely to back COVID-19 relief Senator says Trump, McConnell likely to back COVID-19 relief

The direct payments were popular when they were first distributed after the pandemic hit, and Mr. Biden on Friday had expressed hope that a second wave might come after weekend negotiations. While favoring the $1,200 checks, Biden said the emerging c...

IKEA Is Discontinuing Its Printed Catalogue As The Company Goes Digital IKEA Is Discontinuing Its Printed Catalogue As The Company Goes Digital

IKEA's catalogue was one of the few publications of its type that millions of people still awaited with anticipation each year. Mr Gruss, an Ikea veteran who took on the new position in June, said he felt emotional about the decision as the catalog...

10,000 Stores Will Test The Digital Yuan 10,000 Stores Will Test The Digital Yuan

JD.com is set to become the first e-commerce platform to accept China's digital yuan for online shopping. In addition to that, the city will also be delivering virtual red packets of money to the residents and a total of 100,000 digital red packets...

Oil prices fall as surging virus cases force more lockdowns Oil prices fall as surging virus cases force more lockdowns

On the January Nymex market, USA light crude oil (WTI) gained 1.4 percent to $46.26 a barrel, while the Brent contract for delivery in January advanced 1.1 percent to $49.25. In America's most powerful economic region, there were restrictions in key ...

79% of Tesla's US workforce male, shows diversity report 79% of Tesla's US workforce male, shows diversity report

Black and African American employees represent 10 per cent of the company's U.S. workforce. Some 60% of its workforce is made up of people who are Black, Hispanic, Asian and Native American and Pacific Islander. In 2020, almost 25% of all American em...

After Pfzier, Pune's Serum Institute Seeks Nod For COVID Vaccine After Pfzier, Pune's Serum Institute Seeks Nod For COVID Vaccine

The Serum Institute of India , the largest vaccine-maker globally by number of doses produced, has sought the Indian government's approval for emergency use authorisation of a COVID-19 vaccine that it is developing with the University of Oxford and B...

China trade surplus hits record USD 75B as Nov exports soar China trade surplus hits record USD 75B as Nov exports soar

Data released early on Monday morning showed that exports grew 21.1% year-on-year in November. Total exports rose to $268 billion, up from October's 11.4% growth. The widening trade surplus could put further upward pressure on the yuan, which has...

China's Suzhou to issue 20-million digital yuan in pilot program

Prior to Suzhou's move, Shenzhen had launched the country's first large-scale public trial of the beta version back in October. On top of that, JD.com Inc. JD.COM or Jingdong, the largest online retailer in China, is the latest company to support C...

Denmark to curb oil drilling Denmark to curb oil drilling

Denmark is this year estimated to pump a bit more than 100,000 barrels of crude oil and oil equivalents a day, according to the government. That is relatively little in a global context. They are considered key in the transformation of the energy s...

November Jobs Report: Retail Loses, Warehousing and Transportation Gain November Jobs Report: Retail Loses, Warehousing and Transportation Gain

In Oshawa, the unemployment rate remained lower than the national average and below other, nearby cities. According to the monthly labour force survey released Friday, B.C.'s unemployment rate was at 7.1 per cent in November - down from eight per c...

Govt Hikes Diesel Price Ahead Of Festive Season Govt Hikes Diesel Price Ahead Of Festive Season

In Mumbai, the petrol price on Friday was raised to ₹89.78 per litre from ₹89.52, while diesel rates went up from ₹79.66 to ₹79.93. Though retail pricing of petrol and diesel has been deregulated and oil marketing companies were following a dai...

UK, EU talks to resume after top phone call UK, EU talks to resume after top phone call

British and European Union negotiators will resume talks in Brussels in a "final throw of the dice" as they try to secure a post-Brext trade deal. The pair spoke on the phone for an hour on Saturday but failed to break the deadlock on "critical iss...

Fortune Of Elon Musk Has Grown By Almost € 79 Billion In 2020 Fortune Of Elon Musk Has Grown By Almost € 79 Billion In 2020

Not only he is building Tesla's Giga Texas factory, which is Tesla's 5th Gigafactory in Austin, but also his SpaceX is in Texas as well. California has seen quite an exodus of certain notable tech names during the ongoing pandemic as certai...

Oil prices gain as OPEC+ resumes talks on 2021 output policy Oil prices gain as OPEC+ resumes talks on 2021 output policy

The OPEC+ producers, however, failed to find a compromise on a broader and longer-term policy for the rest of next year. Brent settled up 54 U.S. cents or 1.11 per cent at US$49.25 a barrel. In light of the current oil market fundamentals and the o...

Gold falls Rs 136 silver declines Rs 346 Gold falls Rs 136 silver declines Rs 346

Silver also declined ₹ 346 to ₹ 63,343 per kg, from ₹ 63,689 per kg in the previous day. In global markets, spot gold prices were slightly higher today amid investor optimism over additional more USA stimulus. Hopes of a stimulus deal and optimi...

Facebook extends work from home until 2021 (Includes interview) Facebook extends work from home until 2021 (Includes interview)

Essential employees for the tech giants may return to the office as soon as July, with additional safety measures in place, but other employees who can work from home have been granted additional flexibility to stay there. Both Google and Facebook ...

BlackRock CEO thinks Bitcoin could threaten the United States dollar dominance BlackRock CEO thinks Bitcoin could threaten the United States dollar dominance

Saying that Bitcoin, the largest crypto currency, has recently "started to attract the attention" of many people, Fink touched on a difference between the crypto money market and traditional markets. The 7.4 trillion BlackRock CEO stressed that altho...

After being fined by US, Hyundai recalls more vehicles After being fined by US, Hyundai recalls more vehicles

Kia is recalling almost 295,000 vehicles in the USA because the engines can stall or catch fire. The recall will address a manufacturing issue that could lead to wear of connecting rod bearings and engine failure, Hyundai said. This is the latest ...

Walmart workers in PG to receive cash appreciation bonus Walmart workers in PG to receive cash appreciation bonus

The company sent out approximately $319 million in quarterly bonuses, which were added to associates' November 25 paychecks. The announcement by Walmart Canada that it would pay a December bonus comes a day after Walmart in the USA said it would ...

Brad Garlinghouse Discusses the Impact of XRP Regulatory Uncertainty on Ripple's Customers Brad Garlinghouse Discusses the Impact of XRP Regulatory Uncertainty on Ripple's Customers

Garlinghouse is one of many United States crypto stakeholders to hold this view as some exchanges have even been forced to geofence specific tokens to prevent running afoul of securities regulations in the country. Not complying with the financial re...

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