Finance

by | June 01, 2020 | 20:51

Generally speaking, since only a small fraction of all the people who show COVID-19 symptoms are tested, the number of confirmed cases underestimates the actual number of infections. There have been 32 residents and 9 staff of long-term care homes diagnosed in the last 24 hours. Residents are reminded to wash their hands frequently and stay home unless it is not possible to do so.

by | June 01, 2020 | 17:51

China fired back at the United States' concerns with Hong Kong's freedom by pointing directly at the racial unrest that has exploded in America, simply tweeting, "I can't breathe". "The Chinese government has not shown any support for the riots in the US". "Now we will watch and see what the USA does next". Chinese companies listed on US stock exchanges are also in the administration's crosshairs, with an upcoming review into whether they should be subject to USA auditing and disclosure ...

by | June 01, 2020 | 14:46

The contract workers were responsible for choosing, editing and curating stories from news organisations, as well as select headlines, pictures or slides for the MSN site. Microsoft has been gradually moving towards AI for its Microsoft News work in recent months, and it has been encouraging publishers and journalists to make use of AI as well.

by | June 01, 2020 | 12:43

From 1 July, businesses will be given the flexibility to bring furloughed employees back part-time, deciding themselves both the hours and shift patterns they will work. "The furlough and self-employment schemes have been a lifeline for millions of people and businesses", said Sunak, who is leading the United Kingdom government's economic response to the coronavirus pandemic .

by | June 01, 2020 | 06:52

On Sunday morning, the spacecraft made a careful approach to the space station and then made a "soft capture" - meaning Crew Dragon made its first physical contact with its docking port at the International Space Station . They will join United States astronaut Chris Cassidy and Russian cosmonauts Anatoly Ivanishin and Ivan Vagner aboard the ISS. "We designed it to be two-fault tolerant, which means that any two things could fail, so I could lose a flight computer and a thruster and I ...

by | June 01, 2020 | 05:58

ET, the Dow Jones Industrial Average was up 11.87 points, or 0.05%, at 25,560.14, the S&P 500 was up 1.70 points, or 0.06%, at 3,037.83, and the Nasdaq Composite was up 2.77 points, or 0.03%, at 9,415.13. US stocks jumped and the S&P 500 crossed 3,000 points on Tuesday as optimism about a potential coronavirus vaccine and a revival in business activity helped investors overlook simmering Sino-US tensions.

by | June 01, 2020 | 01:41

Demand increases are coming as US production continues to plunge and report overnight that OPEC oil production has crashed by 6.3 million barrels per day (BPD) to 23.75 million BPD in May, according to JBC data. Total motor gasoline inventories decreased by 0.7 million barrels last week. "Over the past four weeks, motor gasoline product supplied averaged 7.0 million barrels a day, down by 25.7% from the same period a year ago".

by | May 31, 2020 | 23:55

According to the Government of Alberta , the province will be handing out approximately 20 million non-medical masks in total at the restaurants. "When we were asked by the Alberta government to help distribute masks through our drive-thrus we did not hesitate", said Mike Hancock, chief operating officer of Tim Hortons .

by | May 31, 2020 | 20:54

Mr Sunak said: "Then after eight months of this extraordinary intervention of the government stepping in to pay people's wages the scheme will close". Len McCluskey, leader of the Unite trade union, welcomed Friday's changes but called for more help for the hardest-hit sectors such as aviation and hospitality.

by | May 31, 2020 | 19:27

The cost is $50 per hour with mileage overage varying by city, and riders can book in hourly increments. Uber has announced it's giving users in selected U.S. If the rider goes over the city's limit, they'll have a per-mile rate added. The product will be available in Atlanta, Chicago, Dallas, Houston, Miami, Orlando, Tampa Bay, Philadelphia, Phoenix, Tacoma , Seattle and Washington, D.C.

by | May 31, 2020 | 17:13

Cisco did not comment on the acquisition value, but media reports peg the deal at $1 billion. In a bid to expand its portfolio of cloud-based software, Cisco has reportedly purchased ThousandEyes, the company whose unique technology is adopted by firms to monitor their network for outages.

by | May 31, 2020 | 17:06

The approval of the national security law sparked a new wave of anti-mainland protests in Hong Kong, with police firing pepper ball rounds, using water cannons and arresting hundreds of demonstrators. Number two, sanctioned senior Communist Party officials. "It is clear the repeated missteps by you and your organization in responding to the pandemic have been extremely costly for the world", Trump wrote in a letter to the WHO director-general on May 18.

by | May 31, 2020 | 16:40

The report suggested the subject expert committee which is looking into the matter asked the Mumbai-based company to submit details such as the chemistry manufacturing control (CMC) data. Final approvals are up to the European Commission, which generally endorses CHMP recommendations. The global push to develop coronavirus treatments and vaccines is speeding up as governments search for ways to ease lockdowns safely and resume financial activities to restart economies.

by | May 31, 2020 | 13:50

The full impact of the lockdown on manufacturing and services will become more apparent in the June quarter, with Goldman Sachs predicting a 45 percent contraction from a year ago, Reuters said. Within the service sector, the output of trade, hotel, transport, communication and services moderated 3.6%, while the growth of financial, real estate and professional services also eased to 4.6%.

by | May 31, 2020 | 08:51

Trump also complained that US companies were being treated unfairly in China. "I am directing my administration to begin the process of eliminating policy exemptions that give Hong Kong different and special treatment", Trump said at the White House Rose Garden.

by | May 31, 2020 | 00:30

First the engine is allowed to heat up, then the heat and fan settings are set to high. The vehicle's instrument cluster will also indicate progress. The company manufactures numerous vehicles used by law enforcement in the U.S., such as the Crown Victoria Police Interceptor that became ubiquitous throughout the 90s and the first decade of the 2000s.

by | May 30, 2020 | 18:13

Both now ship with LED Matrix headlights as part of the default equipment, and you can opt for Laserlight high beams. It's been a busy week for BMW as the Munich-based automaker announced a series of updates to a number of cars, but the most prominent of those is the G30 5 Series .

by | May 30, 2020 | 08:55

With U.S. stores shuttered and many Americans stuck at home, U.S. consumer spending plunged by a record 13.6% in April. That was the biggest drop since the government started tracking the series in 1959, and eclipsed the previous all-time decrease of 6.9 per cent in March.

by | May 30, 2020 | 07:10

Apple confirmed the deal to Bloomberg with its usual response to inquiries about acquisitions, saying that it "buys smaller technology companies from time to time and we generally do not discuss our objective or plans". One of the professors involved, Christopher Ré, previously co-founded Lattice Data, which was acquired by Apple in 2017 for $200m. Inductiv was founded by machine-learning academics from a Stanford and other USA universities.

by | May 30, 2020 | 02:42

Businesses will be able to apply for the loans for 25 per cent of their turnover up to a maximum of £50,000 with the government paying the interest for the first 12 months. Federation of Small Businesses national chairman Mike Cherry said: 'This crucial new initiative should enable thousands of small businesses to access the working capital they need quickly, helping to protect the millions of jobs they provide in every part of the United Kingdom'.

by | May 29, 2020 | 19:45

With the second estimate, a downward revision to private inventory investment was partly offset by upward revisions to personal consumption expenditures and nonresidential fixed investment. Steel production declined by 83.9% in April 2020, while cement production declined by 86.0%. RBI Governor Shaktikanta Das had also said that GDP growth in Q1 of FY21 is estimated to remain in the negative territory.

by | May 29, 2020 | 18:57

Several media companies in the country have already made cuts or shut down completely during the pandemic, with the latest including Buzzfeed Australia and 10 Daily, a news website of ViacomCBS-owned broadcaster Ten Network. Media Entertainment and Arts Alliance chief executive Paul Murphy said the closures underlined the crisis faced by Australian media. Some small print newspapers will cease publication, but the local journalism coverage of the area will continue, feeding into the ...

by | May 29, 2020 | 17:25

But it is unlikely that everyone will welcome the new plan. Commenting in a statement, European Commission president, Ursula von der Leyen , said: "The recovery plan turns the vast challenge we face into an opportunity, not only by supporting the recovery but also by investing in our future: the European Green Deal and digitalization will boost jobs and growth, the resilience of our societies and the health of our environment".

by | May 29, 2020 | 16:25

He said: "Employers now using the scheme will be able to bring furloughed employees back part-time, and we will ask employers to start sharing with the government the cost of paying people salaries". "Directors will be fighting tooth and nail to avoid this scenario". "A lot of those self-employed professions such as plumbers, electricians and so on, those people are able to return to work now, albeit observing social distancing, but we need to try to start to get bits of the economy back to ...

by | May 29, 2020 | 14:42

The COVID-19 crisis "only adds to the emergency of this plan". It will close one site in France, in Choisy-le-Roi, in the Paris suburb, which employs about 250 people. Renault has been rocked by turbulence since the shock arrest of ex-chief Carlos Ghosn in 2018, which exposed deep rifts in its alliance with Japanese partners Nissan and Mitsubishi.