Finance

by | February 15, 2020 | 20:24

The injunction puts a freeze on the Joint Enterprise Defense Infrastructure, or JEDI, project, which aims to allow the USA military to use artificial intelligence to beef up its fighting capabilities as well as improve communications with soldiers on the battlefield.

by | February 15, 2020 | 18:43

The order, he had said, was being issued "with the approval of Member (F)". Overall, these telecom companies owe over INR 1 Tn to DoT. The Supreme Court on January 17 had dismissed the petitions by the telecom firms to review its October verdict, saying it did not find any "justifiable reason" to entertain them.

by | February 15, 2020 | 16:54

Transport Minister Paola De Micheli, along with head of Italian Civil Aviation Authority (ENAC) Nicola Zaccheo, summoned Air Italy's three liquidators for a meeting. S.p.a.is a holding company with a 51% stake in Meridiana successor airline Air Italy . Il Sole-24 Ore estimated that Air Italy lost €164 million in 2018.

by | February 15, 2020 | 14:07

The EIA is in the middle. Specifically, the IEA cut its oil demand growth forecast for 2020 by 365,000 barrels a day, or 30% below its previous forecast made in January. The biggest quarterly revision, of 230,000 barrels a day, was for the final three months of the year. Demand for OPEC crude drops by 1.7 million barrels a day to 27.2 million barrels in the first quarter of this year, well below the cartel's January production of 28.86 million barrels a day.

by | February 15, 2020 | 06:52

New Zealand central bank governor Adrian Orr may signal he's prepared to cut interest rates again to cushion the economic impact of the coronavirus. The RBNZ's 75 basis point rate cuts a year ago helped it inch closer to its dual mandate of lifting inflation and increasing employment. But it remains to be seen whether the positive domestic developments since November will be derailed by the effects of the virus.

by | February 15, 2020 | 05:53

CN Rail announced it would be shutting down all rail traffic in eastern Canada and Via Rail announced almost all passenger traffic across Canada will halt as aboriginal and far-leftist protesters continue blockades against a natural gas pipeline project.

by | February 14, 2020 | 21:26

The company has more than 200,000 digital-only subscribers and over 500,000 paid digital customer relationships. The Sacramento-based company operates 29 newspapers including the Miami Herald , The Charlotte Observer , and The Kansas City Star .

by | February 14, 2020 | 16:09

Loose shares traded heavily all day. Slack's shares shot higher, and the news engendered all sorts of headlines that now look a bit silly. This resulted in general insanity, with everybody trying to work out what had occurred. However, the reality is that Slack had already been supporting IBM employees as early as 2014 and has scaled to support 165,000 as 2019 . Slack isn't upgrading its financial guidance for its fourth quarter of this financial year ended January 31, 2020 or to ...

by | February 14, 2020 | 15:23

Mr Jenrick, a former Treasury minister, told BBC Breakfast: "What was proposed and is now going to happen is that we bring together the back office teams that advise the Prime Minister at Number 10 and those that advise the Chancellor". Others were promoted, including Suella Braverman to the position of attorney general and Anne-Marie Trevelyan to the post of global development secretary.

by | February 14, 2020 | 15:25

This is the fourth straight month that retail inflation has crossed the Reserve Bank of India's medium term target of 4%. The inflation in fuel and power grew 3.42 percent in January from a contraction of 1.46 percent in December. Food prices gained 0.2%, matching December's increase. January PCE price data will be published later this month. Speaking to reporters, Subramanian said that vegetable prices in general, and onion prices in particular, are expected to moderate after a fresh ...

by | February 14, 2020 | 13:44

Another 2,450 new suspected cases were reported Thursday, said the commission. Hubei has started using a broader definition to diagnose people, which accounts for most of the rise in cases. The public has widely criticized local officials for failing to respond quickly and decisively to the new virus. One doctor at a community clinic in Wuhan said he and at least 16 other colleagues were showing symptoms similar to the virus, including lung infections and coughing.

by | February 14, 2020 | 11:52

Amazon has alleged it was shut out of the deal because of President Donald Trump's vendetta against the company and is seeking testimony from the president and other top officials on the reasons for awarding the $10 billion U.S. The JEDI project would store and process classified data, allowing the military to boost communication with soldiers on the battlefield and use artificial intelligence to speed up its war planning and fighting capabilities.

by | February 14, 2020 | 10:57

An employee at its headquarters, who was tested on 11 February, was confirmed to have been infected with the novel coronavirus or Covid-19. As a precaution, employees in the affected office space were told to work from home. Warnings by building managers of cases in some downtown offices have been widely shared on social media. DBS Group Holdings Ltd (星展銀行) said it expects the COVID-19 outbreak to hurt revenue slightly this year as it unveiled steps to alleviate its impact on small ...

by | February 14, 2020 | 07:09

Tesla disclosed the new investigation as it announced a surprise $2bn (£1.53bn) stock offering to take advantage of its surging share price. However, it's not as if the company doesn't have some pretty big expenses to deal with and extra $2 billion might come in handy.

by | February 14, 2020 | 03:27

Chief executive JJ Ruest stressed the limited parking space in its network, with traffic backed up from Halifax to Windsor, Ont., and in parts of B.C. A spokesperson for CN Rail said the company had no further comment on the issue in an email on Wednesday. Despite the countrywide impact, he underscored that responsibility for enforcing court injunctions against the anti-pipeline protesters lies with provincial politicians and police.

by | February 14, 2020 | 02:06

Hyundai and Kia will use Canoe's skateboard platform to simplify and standardize the EV development process, thereby laying the foundation to lower EV prices. Hyundai Mobis also joined Hyundai Motor and Kia Motors in September to invest a combined $2 billion in a 50:50 joint venture with Ireland-based autonomous vehicle startup Aptiv to develop a self-driving platform with Level 4 to 5 autonomous technology by 2022 and supply it to global carmakers.

by | February 14, 2020 | 01:11

In 2020, Airbus targets around 880 commercial aircraft deliveries and aims to accelerate its operating income to 7.5 billion euros. Faury called it "a strong underlying financial performance" while acknowledging that "of course we can not be satisfied" with the net loss.

by | February 13, 2020 | 22:37

The 13,600-square-foot Georgian-style mansion sits on nine acres and was said to include "expansive terraces and gardens, two guesthouses, nursery and three hothouses, tennis court, swimming pool, nine-hole golf course and motor court complete with its own service garage and gas pumps".

by | February 13, 2020 | 16:11

The tools include "forward guidance, which says that we will keep rates low, and that it is also large-scale asset purchases of longer-term securities to drive longer rates down and support the economy", he explained, adding the central bank will use those tools aggressively to fight the next recession.

by | February 13, 2020 | 14:25

According to the February short-term energy forecast EIA, OPEC cut oil production by 500 thousand barrels per day in March-may because of lower expected global demand at the beginning of 2020. The International Energy Agency (IEA) expects oil demand in the first quarter to fall for the first time in 10 years before picking up from the second quarter.

by | February 13, 2020 | 11:40

Samuel Tombs, chief United Kingdom economist at Pantheon Macroeconomics , said: "The fourth quarter remains one to forget, despite the above-consensus GDP print for December". He added: "It remains to be seen what impact the coronavirus outbreak will have on growth in the current quarter, but we believe the economy can continue to make modest progress this year".

by | February 13, 2020 | 03:57

China on Wednesday reported another drop in the number of new cases of a viral infection and 97 more deaths, pushing the total dead past 1,100 even as the country remains largely closed down to prevent the spread of the disease. China's official media reported on February 11 that the top health officials in Hubei province, of which Wuhan is the capital, have been relieved of their duties.

by | February 13, 2020 | 03:37

Separately, four former Google workers said they would file a federal labor complaint against the company after they were fired in November for what they said was organizing workers. The movecomes even as Google is witnessing some unrest amongits employees. Google's workplace culture has been roiled in recent years by the tech giant's handling of alleged sexual harassment claims against top executives, which spurred a mass walkout by employees in 2018.

by | February 12, 2020 | 18:41

This is the sixth straight hike in LPG cylinder prices in the past few months. The new price in Kolkata stands at Rs 896, a sharp rise of Rs 149. The price of subsidised LPG cylinder (14.2 kg) now works to around Rs 557 with the government providing Rs 157 as subsidy directly into the account of eligible consumers.

by | February 12, 2020 | 16:08

The race, which is scheduled for April 19, looks certain to be the first Grand Prix to be postponed since 2011's Bahrain Grand Prix which was impacted by the Arab Spring protests at the time , after the FIA said that they were " closely monitoring the evolving situation ".