Finance

by | June 15, 2020 | 17:57

While expectations are low for the long-planned meeting, the unpredictable Johnson, who has recently recovered from a bout with the coronavirus , has European Union negotiators on the lookout for any potential surprises. From January, tariffs will need to be paid on all imports and traders importing standard goods must prepare for basic custom requirements and will have up to six months to complete customs declarations.

by | June 15, 2020 | 17:28

The supply response to the virus continued, with Baker Hughes data showing active drilling rigs across the USA falling for a 13th week to the lowest in more than a decade. The contract was 98 cents cheaper than November futures, compared with 87 cents on Friday, a market structure known as contango that signals over-supply.

by | June 15, 2020 | 13:41

Fuel prices across India continues to surge with Monday becoming the ninth consecutive day of hikes in rates of both petrol and diesel . Prices of transportation fuel were halted under the dynamic pricing policy after March 16 and post that there were few instances of price hike only when the respective state governments hiked Value-Added Tax or cess.

by | June 15, 2020 | 13:39

Beijing closed the city's largest fruit and vegetable supply center and locked down nearby housing districts over the weekend after dozens of people associated with the market tested positive for the virus. Numerous other ASX-listed such as Origin Energy and Oil Search followed the same trajectory to close at $5.740, down by 4.01 per cent against its previous close on the exchange, and at $3.290, down by 5.73 per cent against its previous close on ASX, respectively on 12 June 2020.

by | June 15, 2020 | 12:59

The company also stated that they hope this initiative would provide relief to thousands of people in the taxing moments. In addition to the additions to their product line, Band-Aid said it will donate to Black Lives Matter in an attempt to help fight racial inequality in the U.S.

by | June 15, 2020 | 12:55

Cases peaked in early April at almost 2,000 daily new cases. There remains no-one receiving hospital-level care for the virus. With the additional cases, 78,798 Pennsylvanians have now been diagnosed with the coronavirus . Much of the Harrisburg area is now in the "green" phase of reopening, which means fewer restrictions on businesses and gatherings. The state Department of Health said there are also 10 new cases among Immigration and Customs Enforcement detainees at the Otero County ...

by | June 15, 2020 | 11:40

BA issued formal notice to unions at the end of April of its plans to lay off staff and reduce terms and conditions. The minimum 45-day consultation period for some workers ends on Monday. They say the policy will have a devastating effect on British tourism and the wider economy and destroy thousands of jobs . Virgin Atlantic, easyJet and other airlines are expecting to shed a similar proportion of their workforce, but BA's proposals to force through inferior contracts on staff follow ...

by | June 15, 2020 | 06:54

That was the highest daily toll since mid-April and included 36 in Beijing , the capital. People were prevented from leaving their homes in 11 residential estates in south Beijing's Fengtai district after most of the cases were linked to the district's Xinfadi wholesale market, according to city officials.

by | June 15, 2020 | 06:28

AstraZeneca, a pharmaceutical giant headquartered in Cambridge, England, reached an agreement with Europe's Inclusive Vaccines Alliance (IVA) to supply vaccines now being tested by the University of Oxford to Germany, France, Italy, and the Netherlands "at no profit".

by | June 14, 2020 | 20:54

Oxford University last month announced the start of a Phase II/III UK trial of AZD1222 in about 10,000 adult volunteers. The vaccine was developed by Oxford University's Jenner Institute, working with the Oxford Vaccine Group. The company announced a partnership this month with Instituto Butantan to conduct its phase III trial in Brazil, where the novel pathogen has caused the second-largest outbreak in a global pandemic that so far infected more than 7.7 million people and killed over ...

by | June 14, 2020 | 19:57

United Kingdom regulators have ordered Facebook to pause its acquisition of GIF publishing site Giphy in order to review the deal for antitrust concerns. Alphabet Inc's Google had acquired GIF platform Tenor in 2018 and integrated it into its image search function. "We are prepared to show regulators that this acquisition is positive for consumers, developers, and content creators alike", the organization said in a statement on Friday.

by | June 14, 2020 | 19:40

The group's criteria are not public and Microsoft has declined to provide them, apart from a few examples of cases where it opted to turn down contracts. The announcement came a working day right after rival Amazon declared it was pausing police use of its "Rekognition" service for a 12 months, whilst IBM also claimed this week it no for a longer period is usually giving the computer software and that technological innovation should not encourage racial injustice.

by | June 14, 2020 | 14:27

Retail, wholesale, accommodation and food services businesses have been the biggest users of the Coronavirus Job Retention Scheme , together putting around 3 million people on furlough and claiming roughly £5.8bn in wage subsidies, HM Revenue & Customs has revealed .

by | June 14, 2020 | 14:14

PM Modi suggested that Mr Shah and Harsh Vardhan should call an emergency meeting with the Delhi Lieutenant Governor, Chief Minister Arvind Kejriwal, senior bureaucrats and municipal corporation leaders to make a comprehensive plan to fight COVID-19 in the national capital, where cases have been rising.

by | June 14, 2020 | 09:30

The OECD forecast is in line with a prediction by the International Monetary Fund , which expected the Korean economy to shrink 1.2 percent this year. However, the Paris-based policy forum said an equally possible scenario of a second wave of contagion this year could see the global econmy contract 7.6% before growing only 2.8% next year.

by | June 14, 2020 | 03:43

In a statement to the Associated Press, which first reported the changes at both companies, Walgreens said, "We are now ensuring multicultural hair care and beauty products are not stored behind locked cases at any of our stores". Walmart was most-recently called out by a shopper Jesus A. Rodriguez, who posted a photo on Twitter of the locked down section of the store with the caption, "It's more than just the police".

by | June 13, 2020 | 23:40

The case is The Hertz Corporation, 20-11218, U.S. Bankruptcy Court for the District of Delaware. What they're saying: "The recent market prices of and the trading volumes in Hertz's common stock potentially present a unique opportunity", the company's lawyers said in a filing.

by | June 13, 2020 | 23:21

The researchers at AstraZeneca have started a large-scale clinical trial in which the vaccine will be tested on 10,000 people. "With our European supply chain due to begin production soon, we hope to make the vaccine available widely and rapidly", AstraZeneca Chief Executive Pascal Soriot said in a statement .

by | June 13, 2020 | 21:15

The contract is for up to 400 million doses of the vaccine, developed by the University of Oxford, the company said, adding that it was looking to expand manufacturing of the vaccine, which it said it would provide for no profit during the pandemic.

by | June 13, 2020 | 18:59

Shares of the $1.3 trillion company were down 0.6 percent Thursday morning, at $2,631.50. Amazon did not immediately respond to a Reuters request for comment. Other tech giants have also found themselves in regulatory cross hairs over their data use. Vestager questioned third-social gathering merchants on their associations with Amazon and sought to decide irrespective of whether Amazon makes use of facts from merchants to its benefit.

by | June 13, 2020 | 18:40

The airlines also argued it was more stringent than the government´s advice to people actually infected with the virus, who must self-isolate for seven days, and highlighted inconsistencies in the various exemptions permitted. "BA is fooling nobody". BA said that the committee and its chairman Huw Merriman MP , had based his findings on "impassioned messages" rather than the facts.

by | June 13, 2020 | 14:47

Dr. Gary Kobinger, director of the Research Centre on Infectious Diseases at Laval University in Quebec, says there are more than 100 possible vaccines in development for COVID-19 around the world. Army researchers continue to take part in Operation Warp Speed, an intergovernmental effort to develop, manufacture and distribute a range of COVID-19 vaccines, therapeutics and diagnostics.

by | June 13, 2020 | 08:41

Profit on an EBITDA basis amounted to €484 million compared with €1.7 billion a year earlier, resulting on a net loss of €409 million, against a profit of €734 million in the same period of 2019. The company, which also owns Oysho, Massimo Dutti and Pull&Bear, declared separately on Wednesday a dividend of EUR0.35 for the fiscal year that ended January 31.

by | June 13, 2020 | 07:10

McDonald's is reopening 11 of its restaurants for walk-in takeaways next week, as it prepares to roll-out the service to high street and city centre stores later in the month. The fast food chain has been reopening restaurants in stages, with cars seen waiting in three-hour long queues to get their Big Mac fix. There will be fewer self-service machines switched on, with each being sanitised every 30 minutes.

by | June 13, 2020 | 03:23

Failure to adhere to this rule impacts loan forgiveness. Loan Maturity-The IFR provides that PPP loans made on or after June 5, 2020 will have maturities of 5 years (increased from 2 years in the prior PPP rules). Today the British Business Bank has announced that it has approved a new lender for accreditation to the Bounce Back Loan Scheme (BBLS), five new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS) and four new lenders under the Coronavirus ...