Wednesday January 26-th, 2022

United States stocks close at record highs after Biden's inauguration United States stocks close at record highs after Biden's inauguration

In Asia , Japan's Nikkei 225 slipped 0.4%. South Korea's Kospi rose 0.7%, Hong Kong's Hang Seng gained 1.1% and stocks in Shanghai rose 0.5%. Main urban areas in Japan, including Tokyo, are under a state of emergency, with evening dining at restaura...

Gold scales two-week high as dollar slips on stimulus optimism Gold scales two-week high as dollar slips on stimulus optimism

With Biden officially becoming the 46th president of the USA on Wednesday, investors will now turn their focus on his $1.9 trillion stimulus package proposal and the pace of covid-19 vaccine distribution. However, "gold is being pulled in two directi...

'Steam' fined for geo-blocking video games in Europe 'Steam' fined for geo-blocking video games in Europe

The game publishers fined. According to the commission, Valve and five other game developers engaged in "geo-blocking" from 2007 to 2018, which can prevent a digital PC game from being activated depending on the country in which the consumer re...

Sensex Crosses Historic High Of 50,000 Mark Sensex Crosses Historic High Of 50,000 Mark

Among Sensex stocks, Maruti rose the most by 2.75 per cent, followed by Tech Mahindra (2.67 per cent), Mahindra & Mahindra (1.98 per cent) and Asian Paints (1.98 per cent). In the broader market, the BSE midcap and smallcap indices jumped up to 2.31 ...

Vauxhall appoints former Nissan GB MD Paul Willcox as new boss Vauxhall appoints former Nissan GB MD Paul Willcox as new boss

The merger, completed on Saturday, has created the world's fourth-biggest carmaker to help make the switch to the new era of electrification and automated driving. "We are now deciding where we are going to put those investments and we do not forget....

IEA trims 2021 oil demand forecast IEA trims 2021 oil demand forecast

But the agency says the drop in emissions was the result of lower production due to the shock suffered by the oil and gas sector during the worst of the COVID-19 crisis, rather than a product of real efforts made by the industry to prevent leaks an...

United Kingdom inflation jumps in December United Kingdom inflation jumps in December

Deputy National Statistician for Economic Statistics Jonathan Athow said: 'Clothing prices put upward pressure on inflation in December, despite some evidence of continued discounting. Samuel Tombs, chief United Kingdom economist at Pantheon Macroeco...

World Economic Forum reveals report on business leaders' top risks World Economic Forum reveals report on business leaders' top risks

Billions of caregivers, workers and students - especially minorities who were disadvantaged before the pandemic - are now at risk of missing pathways to the new and fairer societies that the recovery could unlock, the report said. Those surveyed rank...

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Stellar - American Wrap 18 January Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Stellar - American Wrap 18 January

Ethereum's total market cap now stands at around $150 billion as the ETH price is hovering near $1,330. Things in the derivative space would get interesting for the digital asset with the launch of ETH futures on CME next month. ETH's transactio...

Samsung's Lee sentenced to 30 months in prison in corruption retrial Samsung's Lee sentenced to 30 months in prison in corruption retrial

In February 2018, that sentence was halved, and the Seoul High Court chose to suspend the jail term, meaning he was free to go. The elder Lee died previous year. Needless to say, Mr Lee is unlikely to be held until it's time for the Galaxy S40 but he...

GitHub apologises for firing Jewish worker following 'Nazi' warning GitHub apologises for firing Jewish worker following 'Nazi' warning

GitHub, which is based in San Francisco, fired the unnamed employee on January 8 but later engaged an outside investigator to conduct a probe after other employees complained about the action. One widely circulated photo of a group of rioters inside ...

Janet Yellen Urges Lawmakers To 'Act Big' To Revive Pandemic-Stricken Economy Janet Yellen Urges Lawmakers To 'Act Big' To Revive Pandemic-Stricken Economy

The policy outlined by Yellen would be a return to a traditional posture after Republican President Donald Trump railed against the dollar's strength for years, saying it gave other countries a competitive advantage. "The most important thing, in m...

Goldman Sachs' profits more than double, despite pandemic Goldman Sachs' profits more than double, despite pandemic

Revenue of $11.74 billion exceeded the estimate by about $1.75 billion. For the USA banking industry, 2020 was a roller coaster year. Sales of the unit jumped 23% to $ 4.27 billion in the quarter, topping $ 21.2 billion in a full year. The bank's...

Tunisia arrests more than 600 after three days of unrest Tunisia arrests more than 600 after three days of unrest

Tunisian police fired tear gas to disperse protesters in the northern city of Siliana on Friday after a policeman beat a shepherd, witnesses said, in an incident that sparked anger, as the country celebrate the tenth anniversary of the transition to...

Carmaker Stellantis shares jump in Milan, Paris on first day Carmaker Stellantis shares jump in Milan, Paris on first day

Chief Executive Carlos Tavares said the merger would add 25 billion euros (US$30 billion) in value for shareholders over the years, thanks to projected cost cuts. Speaking to Local 4 News earlier this month, Frank Rhodes, the great-grandson of Walter...

Man hides at Chicago airport for months to avoid COVID-19 Man hides at Chicago airport for months to avoid COVID-19

California local, Aditya Singh managed to go unnoticed at O'Hare International Airport in Chicago from October 19, 2020 until January 16, 2021, allegedly using a misplaced security pass and living off other passengers giving him food . A judge rul...

Eurostar: Government urged to 'safeguard' rail firm's future Eurostar: Government urged to 'safeguard' rail firm's future

The government says it is "working closely" with Eurostar. In November it reported a 95% drop in passenger numbers on Eurostar since March. In a letter to the Treasury and Department for Transport, they urge "swift action to safeguard its future"...

Oil stabilizes as Chinese data offsets coronavirus fears Oil stabilizes as Chinese data offsets coronavirus fears

In point of fact, both Brent and U.S. crude oil contracts' faltering in the last trading session of the week was almost entirely galvanized by a wave of withering concerns that the latest round of lockdown measures inclined on Chinese cities would li...

DHFL resolution: Lenders back Piramal's bid DHFL resolution: Lenders back Piramal's bid

Three entities - Adani Group, Piramal Group and US -based asset manager Oaktree Capital Management - had been invited to bid for DHFL's entire loan book. The entire resolution process has been mired in controversy, with unsolicited offers, bickerin...

More measures for banking, NBFCs to be announced soon: Shaktikanta Das More measures for banking, NBFCs to be announced soon: Shaktikanta Das

Das also stressed the need for proper internal audit in banks, calling it an important component in ensuring the financial stability of these institutions and the larger financial system. "Expenditure on physical and social infrastructure including...

HDFC Bank quarterly profits jump by 18% HDFC Bank quarterly profits jump by 18%

The CNBC-TV18 survey had assessed a benefit of Rs 8,264.8 crore. Provisions and contingencies for the quarter ended December 2020 were Rs 3,414.1 crore (consisting of specific loan loss provisions of Rs 691.2 crore and general and other provisions ...

Norway adjusts vaccine advice after elderly deaths, but is not alarmed Norway adjusts vaccine advice after elderly deaths, but is not alarmed

More than 42,000 inoculations of either the Pfizer/BioNTech or Moderna vaccine have been given to Norwegians so far, according to figures from Our World in Data . It is learnt that Norwegian authorities have probed 13 of the deaths so far and conclu...

GM, Unifor reach tentative deal to build electric delivery vans in Ontario GM, Unifor reach tentative deal to build electric delivery vans in Ontario

The Ingersoll plant now makes Chevrolet Equinox SUVs. As part of the tentative deal, which has yet to be ratified by unionized workers, GM has agreed to begin full-scale commercial production of EV600, an electric van, at its CAMI plant, Unifor sai...

Powerball jackpot grows to $730M; Mega Millions to be $850M Powerball jackpot grows to $730M; Mega Millions to be $850M

Saturday's winning Powerball numbers are 14, 20, 39, 65, and 67, and the Powerball is 02. Powerball: 2. Power Play 3X. If a player wins on Saturday, it would be the fifth largest jackpot in the game's history. Those tickets were sold in Califor...

Facing mass user exodus, WhatsApp extends privacy deadline to May 15 Facing mass user exodus, WhatsApp extends privacy deadline to May 15

The decision to delay the implementation is a good initial step, said experts. Popular messaging app WhatsApp , which is facing criticism for the changes made in the privacy policy, has chose to take a step back. The new stories amplify the same ...

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