Finance

Record recession: How was it sparked and what will it mean?

The dismal second quarter results follow a fall of 2.2 percent during the first quarter, plunging the United Kingdom into a technical recession, according t...


Gasoline, Medical Care Push Consumer Prices Up 0.6% For Second Straight Month

Overall inflation gained 1.0 percent over the past 12 months, with so-called "core" inflation up 1.6 percent - still far below the Federal Reserve's 2.0 percent...


Tesla to split stock 5-for-1 at the end of August

At the end of trading on August 28, Tesla said in a press release , each shareholder will receive four additional shares for every share they own. The tradin...


UK employment falls by biggest quarterly amount since 2009

The ONS said employment is weakening and unemployment is largely unchanged at 3.9 percent because of increases in economic inactivity, with people out of work b...


Kodak Shares Plunge After US Blocks $765 Million Loan Deal

Kodak and the DFC signed an interest letter in late July for a loan that would have jumpstarted Kodak's move into manufacturing active pharmaceutical ingredient...


Hyundai IONIQ EV Brand Announced, 3 New Models In The Pipeline

The Ioniq sedan is available in hybrid , plug-in hybrid and all-electric forms in worldwide markets, though the auto will not form a part of the new sub-br...


Turkish Lira Hits Record Low, Spurring Expectations of Rate Rise

That sent the interest rate linked to borrowing Turkish lira in exchange for dollars in offshore markets as high as 1,000% Tuesday in annualized terms, accordin...


Coronavirus punishes Warren Buffett, as Berkshire Hathaway takes big writedown

Warren Buffett's Berkshire Hathaway made its resurgent appetite for property and casualty reinsurance underwriting evident in the second-quarter, as the comp...


Lukashenko wins Belarusian presidential elections with 80.23 percent of vote

Young protesters were seen covered in blood, lying immobile on the ground or being dragged away by police. In some smaller cities, police were reported not to h...


McDonald's sues former boss Steve Easterbrook for lying about relationships

The pictures and videos directly refute Easterbrook's assertions to the board of directors during the time leading up to his dismissal that he'd not been involv...


Microsoft’s TikTok deal a ‘poisoned chalice’: Bill Gates

Microsoft Corp. founder and billionaire philanthropist Bill Gates said it's "mind-blowing" that the USA. government hasn't improved Covid-19 testing that he ...


Serum Institute's COVID-19 vaccines will come at $3 per dose

The vaccine candidate by Oxford University for which AstraZeneca has the licence is under advanced stages of clinical trials in India and several other coun...


Cadillac unveils 300-mile electric SUV years before sales start

The company says the vehicle is 85 percent complete, so there should be some differences when the production version finally arrives in the USA in over two year...


Trump Signs Executive Orders on Coronavirus Relief for Americans

Joe Biden , the Democratic nominee for the presidential election on November 3, has condemned Mr Trump for fighting to gut Obamacare, accusing him of threaten...


PM launches Rs 1 lakh cr Agriculture Infrastructure Fund

Mr Modi also released the sixth installment of 17,000 crore rupees to more than 8.5 crore farmer beneficiaries under the Pradhan Mantri Kisan Samman Nidhi (PM-K...


Canon Reported a Ransomware Attack on its Services

Canon appears to have faced a cyber-attack that has resulted in an outage on its image.canon cloud storage service as well as impacted the company's USA websi...


Sino-U.S. tensions hit futures ahead of jobs report

But chip company Western Digital plunged 16.1 per cent on a disappointing outlook, a forecast that also weighed on other semiconductor stocks. Treasury yields r...


B.C. announces 47 new COVID-19 cases, no new deaths

Bonnie Henry says there are now 371 active cases in B.C, with 11 people in hospital. Eleven people are in hospital, including five who are being treated in in...


How major United States stock indexes fared Thursday

The benchmarks on Wall Street shrugged off a sluggish start and closed higher on Thursday. The day's headline economic report showed that almost 1.2 million w...


Moderna Prices COVID Vaccine Higher than Others

Japan will order 120 million doses of the experimental vaccine developed by the British pharmaceutical company, beginning with 30 million doses by March next ...


Zuckerberg goes after TikTok with Instagram 'Reels'

What Is "Challenge Accepted" On Instagram? Instagram on Wednesday unveiled Reels - a video platform that lets users record short mobile-friendly videos, ...


Delhi Electric Vehicle Policy Notified, Incentive Limit Set At Rs. 1.50 Lakhs

Buyers of electric scooters, e-rickshaws and e-goods carriers will be elegible for an incentive of up to Rs 30,000. Not only the financial benefits, under the...


Anger grows in Beirut as death toll from blast rises above 150

In a televised speech, Sayyed Hassan Nasrallah has called Tuesday's explosion "an exceptional event" that required unity and calm. . The Lebanese people are...


Budget airline Tigerair killed off

Virgin Australia will also drop its budget airline brand Tigerair Australia, however at the same time, retain the air operator certificate to provide options f...


`Negligence or missile attack`: Lebanese President on Beirut explosion

Rescue teams were still searching the rubble of Beirut's port for bodies on Friday, three days after a massive explosion sent a wave of destruction through L...


Sudbury's unemployment rate dips slightly to 9.2%

The initial easing of COVID-19 restrictions occurred later in Ontario than in most other provinces. Overall, the increase compared to that of June is signific...


US Black-white unemployment rate gap widens again in July

While hundreds of thousands of Ohioans remain out of work, the state saw a drop in both new and continued unemployment claims in the latest weekly jobless dat...


JobKeeper changes to cost Australia $15 billion

Businesses disrupted by the coronavirus pandemic will now have to demonstrate that revenues between June 1 and September 30 fell from levels recorded one year...


Facebook employees to work from home till July 2021

Norville also said that Facebook is giving employees $1,000 (£764) for "home office needs". A number of other tech firms, including Twitter , have also given...


Pelosi says GOP doesn't give a 'damn' about aid

Mrs. Pelosi argued that without any funds to go with a moratorium extension for evictions, the public would ultimately be hit with much larger debts down the ro...


US slaps 10% tariff on aluminum imports from Canada

In a speech at a Whirlpool factory in the battleground state of Ohio, Trump touted his record of defending American workers by fighting China, replacing the Nor...


Human trials of coronavirus vaccine set to begin in Indonesia

The company said in a press release that it has built proprietary technology and methods that run on AWS to create " messenger RNA constructs" that human cells...


Lockdown measures subdue India's service sector output: PMI

The Nikkei IHS Markit services purchasing managers' index ( PMI ) rose to 34.2 in July from 33.7 in June, however, it was still well below the crucial 50-mark w...


Gold treads water after surge to record as week opens

Generally, both precious metals are set to continue rallying, analysts say. Federal Reserve Bank of San Francisco president Mary Daly said on Tuesday the U.S....


US trade deficit narrows sharply in June buoyed by auto exports

The June figures show surpluses, in billions of dollars, with South and Central America ($1.8), United Kingdom ($1.3), Hong Kong ($1.0), OPEC ($0.5), and Brazil...