Finance

by | June 28, 2020 | 09:23

Amazon will reportedly shell out over a billion dollars to buy the six-year-old self-driving vehicle technology startup. " Zoox is working to imagine, invent, and design a world-class autonomous ride-hailing experience", said Jeff Wilke, Amazon's CEO of Worldwide Consumer said in a statement .

by | June 27, 2020 | 23:25

Wirecard collapsed yesterday, owing creditors nearly US$4 billion (S$5.5 billion) after disclosing a gaping hole in its books, in Germany's worst accounting scandal . It's since been confirmed Wirecard has never had any business relationship with Flexi Flex, and a staffer simply copied the company's logo from the internet, and pasted it onto a contract template he completed himself.

by | June 27, 2020 | 22:14

Democrats plan to hold an nearly entirely virtual presidential nominating convention August 17-20 in Milwaukee using live broadcasts and online streaming. Biden has largely remained off the campaign trail and in his DE home since mid-March due to the pandemic, although he has begun participating in small-scale events.

by | June 27, 2020 | 21:55

The Australian Competition and Consumer Commission is in the process of setting up a mandatory code of conduct, under which Google and Facebook could be forced to pay for news content . firm would introduce a "licencing program to pay publishers for high-quality content". In 2018, Google launched the Google News Initiative with a $300 million commitment.

by | June 27, 2020 | 10:26

But the IRS and the Treasury Department "did not use the death records to stop payments to deceased individuals" when it sent out the first batches of stimulus checks this spring, according to the report . "It is unfortunate that the public will have waited more than four months since the enactment of the CARES Act for access to comprehensive obligation and expenditure information about the programs funded through these relief laws", GAO said.

by | June 27, 2020 | 06:52

The national newswire AAP announced earlier this month it would cut half its staff after narrowly avoiding closure, and prior to that, News Corp had said it would stop printing more than 100 regional and local newspapers. "We anticipate we will farewell as many as 250 people through this process, valued colleagues who have made tremendous contributions to the ABC and to our audiences", Anderson said.

by | June 27, 2020 | 04:39

The carrier anticipates this will increase to around 15,000 by the end of the year, in line with the opening up of domestic flying. "This crisis has left us no choice but we're committed to providing those affected with as much support as we can".

by | June 27, 2020 | 03:39

Commenting on unaudited month-end fuel price data released by the Central Energy Fund, the AA pointed out global crude oil prices had "continued to advance, setting the stage for extraordinary fuel price hikes despite rand strength during June".

by | June 26, 2020 | 22:08

The Standard & Poor's 500 index skidded 2.6%, shedding its gains for the week and leaving it almost in the red for the month. Investors are weighing the risks that rising coronavirus cases could pose to hopes for an economic recovery. Large banks such as JPMorgan Chase and Wells Fargo fell more than three per cent as the Fed late yesterday ordered the industry to suspend buybacks and limit dividend payments in the wake of uncertainty over the coronavirus.

by | June 26, 2020 | 13:12

The company, one of Silicon Valley's biggest employers, is giving United States staffers who are approved to work remotely until Jan 1, 2021 to tell the company where they plan to base themselves, at which point their salaries will be adjusted to reflect the local cost of living.

by | June 26, 2020 | 12:29

The European Commission on Thursday approved a move by the German government to bail out the nation's flagship carrier Lufthansa for 6 billion euros. Thiele was concerned that a government stake would make it hard to decide on restructuring and job cuts and had proposed an indirect government holding via Germany'sGermany's KfW development bank.

by | June 26, 2020 | 09:22

At 12:40 pm, gold futures for August delivery fell 0.39 percent to Rs 47,757 per 10 grams as against the previous close of Rs 47,944 and opening price of Rs 47,864 on the MCX . Goldman isn't alone in suggesting gold could top its previous all-time high of $1,888.70 that was reached on August 22, 2011. The spot gold price in the global market touched the highest level in a month and is now trading at $1,756.14 per ounce, higher by 0.82 per cent from its previous close.

by | June 26, 2020 | 08:56

At the point when they do choose to open offices, it additionally won't be an easy task back to the manner in which it was previously. Jack Dorsey , Twitter CEO, says the microblogging platform's employees can now work from home "forever" as firms rethink the future of work when the COVID-19 crisis is over.

by | June 25, 2020 | 22:54

It processes digital payments for both consumers and businesses and reported revenues of more than € 2 billion in 2018, more than triple the figure from 2014. After claiming last week that €1.9bn had gone missing from escrow accounts in the Philippines, and that it may have been the victim of "considerable fraud", Wirecard then said "there is a prevailing likelihood that the bank trust account balances in the amount of €1.9bn do not exist".

by | June 25, 2020 | 22:10

Earlier this year, Bezos committed $10 billion of his personal wealth towards fighting climate change. Last spring, more than 3,500 employees penned an open letter to Bezos, urging a companywide plan to address climate change. On the heels of that deal, Amazon ordered 100,000 vehicles from the vehicle maker. Companies operating in industries including transportation and logistics, energy, manufacturing, the circular economy and food will be eligible.

by | June 25, 2020 | 21:58

Global growth was projected at -4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. A logo for the 2017 Annual Meetings is seen inside the International Monetary Fund (IMF ) headquarters in Washington, DC, during the 2017 IMF Annual Meetings on October 10, 2017.

by | June 25, 2020 | 20:14

Power noted "new-vehicle quality [is] mainly dependent on trouble-free technology". In any case, however, the surveyed Tesla owners apparently had the most problems with their vehicles' more traditional quality issues, like build quality.

by | June 25, 2020 | 18:39

The new WhatsApp feature lets users send money and buy goods via Facebook pay. WhatsApp told The Times of India (TOI) that it is working with local banks and regulators to launch WhatsApp Pay in India. WhatsApp started its operations in Brazil in partnership with fintech Nubank, state-controlled lender Banco do Brasil SA , Visa, Mastercard and lender Sicredi.

by | June 25, 2020 | 17:05

The Dow Jones Industrial Average fell almost 700 points, or over 2.6%, as news of a significant amount of new COVID-19 cases across the US appears to have investors spooked. weighing new tariffs on $3.1bn of exports from France, Germany, Spain and the United Kingdom. "There's the possibility of shutdowns, but probably more realistically delays in reopening", Kinahan said.

by | June 25, 2020 | 11:41

Regardless, the increase in the price of diesel to the point where it now costs more than petrol caused the subject to trend on Twitter. The government has hiked the prices across the country, which will be different at different states depending on the local taxes and VAT applied.

by | June 25, 2020 | 08:24

The flanks of the Carnival feature some subtle body sculpting, highlighted by a full length parabolic line running from the back of the headlight to the start to the tail-light arrangement, taking in the rails of the sliding rear doors. Above: the dash of the new Kia Sorento SUV . Do you like the Carnival's new aggressive look? What about the new Kia Carnival's engine options? Not much has been revealed about the engine of the upcoming model.

by | June 25, 2020 | 05:45

The company says " Olympus has implemented measures to cope with the extremely severe digital camera market, due to, amongst others, rapid market shrink caused by the evolution of smartphones". "JIP has strong track records in supporting strategic carve-outs that realize growth potential and encourage autonomous growth", Olympus said in its statement.

by | June 25, 2020 | 03:40

The Roundup agreements will resolve 75% of about 125,000 claims that have either been filed or were set to be, the company said in a statement . Bayer and Monsanto merged in 2018. Roundup contains glyphosate, a weedkiller that many claimants say caused their illnesses, with many suffering from the non-Hodgkin's lymphoma. Edwin Hardeman, another cancer patient, was awarded $80 million previous year, though that award was downgraded to $25.3 million by a federal judge.

by | June 25, 2020 | 03:29

Peter Navarro , director of trade and manufacturing policy at the White House, told Fox News "it's over", when asked a question that was focused on the China trade deal. Created to ease mounting tensions between the two nations, the agreement saw China pledging to boost U.S. imports by $200bn and improve intellectual property rules, while the United States agreed to cut in half some of its tariffs on Chinese goods in exchange.

by | June 25, 2020 | 03:28

Banco Central do Brasil's pushback is a serious blow to Facebook's ambitions in the payment space, and mirrors the firm's difficulties in gaining regulatory approval in the vast Indian marketplace. It said that it will also work with Cielo, which is a payment processor in Brazil and will open the feature to more organizations in the future. Last week , WhatsApp had told the Supreme Court it was fully compliant with the RBI's data localisation norms and had identified five data elements that ...