Finance

by | July 16, 2020 | 23:22

Vestager, who has made the tax crackdown a centrepiece of her time in office, saw the same court past year overturn her demand for Starbucks to pay up to 30 million euros in Dutch back taxes. "The courts today said it didn't", Sullivan said. European Union officials argued that that constituted illegal "state aid" by Ireland. The 2016 finding was a signal moment for Vestager, who has staked her reputation on a series of increasingly aggressive competition rulings.

by | July 16, 2020 | 09:39

Speaking to a crowded room without wearing masks, three of 18 volunteers monitored over a month at the Sechenov University said they all had experienced few side-effects. However, only the first group under 55 years of age was part of the interim results. The experimental vaccine is being co-developed by researchers at the National Institute of Allergy and Infectious Diseases (NIAID ) and at Massachusetts-based biopharmaceutical company Moderna , Inc.

by | July 16, 2020 | 07:14

In a joint media release, it's said the new corporate name was developed from the Latin verb " stello " which means "to brighten with stars". Peugeot S.A.and Fiat Chrysler Automobiles will soon be known collectively as Stellantis . The name already has detractors. The next step is the creation of a corporate logo. Fiat Chrysler's North American headquarters in Auburn Hills will get a new logo and name ...

by | July 16, 2020 | 06:24

Gold prices edged higher on Wednesday, holding firm above the psychological US$1,800 level, as worries over surging coronavirus cases and simmering US-China tensions boosted demand for the safe-haven metal. At 12:29 (GMT), spot gold was down $2.30 at $1,806.87 an ounce in London trading. Gold is still directionless as market players counter hopes of economic recovery and continuing stimulus measures against rising virus cases and deepening US-China tensions.

by | July 16, 2020 | 04:53

The bank's shares jumped almost 4 per cent in premarket trading as it posted a 93 per cent surge in revenue in its global markets unit, which houses the trading business, cushioning it from the coronavirus downturn. Quarterly revenue was the second-highest on record at $13.1 billion, a sign that Goldman - with a smaller lending footprint than giant commercial banks - has weathered this leg of the storm in better shape than rivals.

by | July 16, 2020 | 03:24

And companies, too, have high debt levels. America's biggest banks have set aside billions of dollars to cover potentially bad loans as the US economy struggles with the COVID-19 pandemic. Volatile markets left traders busier than ever before and JP Morgan made $9.7bn from trading in the quarter, up 79pc, while investment banking revenues were 91pc higher due to steeper fees.

by | July 15, 2020 | 20:23

The potential vaccine is already in large-scale Phase III human trials to assess whether it can protect against Covid-19, but its developers have yet to report Phase I results which would show whether it is safe and whether or not it induces an immune response.

by | July 15, 2020 | 15:37

Overseas demand for epidemic prevention supplies has risen fast recently, according to the customs administration. Trade flow between China and Russian Federation in the first quarter of 2020 came in at $49.1 billion, a 6 percent drop from the same period a year ago, according to statistics from China's General Administration of Customs (GACC).

by | July 15, 2020 | 13:42

The ruling from Europe's second highest court comes as the latest twist in a case which has run on for nearly four years, when the Commission first issued an order against Apple to pay back taxes to Ireland. Between 2003 and 2014, Apple operated with two main subsidiaries in Europe - Apple Sales International and Apple Operations Europe. In Apple's case, it was significantly below the standard 12.5% imposed on corporations.

by | July 15, 2020 | 12:40

Fuel and light inflation stood at 2.69%. The wholesale price-based inflation declined 1.81 percent in June due to decline in prices of fuel and power, even as food articles remained expensive. "During the lockdown period, prices were collected through telephonic call from the designated outlets in selected markets, which was supplemented by information collected during the personal purchase of field staff for the items being transacted from neighborhood outlets keeping in view the travel ...

by | July 15, 2020 | 11:37

The Nasdaq Composite was down 41.96 points, or 0.40%, at 10,348.88. The Dow opened 198.83 points higher on Tuesday after another record spike in new Covid-19 cases in Florida saw the blue-chip index record just a small gain during the previous session, helped in part by heavy selling on the S&P 500 and the tech-heavy Nasdaq.

by | July 15, 2020 | 03:23

Under CARES, a family of four whose parents earn less than a combined $150,000 received $3,400, since that law directed $500 for each child under the age of 17. It can be possible for the IRS to begin sending the second portion of the checks this August, provided that both the Senate and the House will give the green lights to the second round at the end of July.

by | July 15, 2020 | 01:23

During a press conference Monday, Gov. Andrew Cuomo said the travel enforcement operation will start July 14 at airports across the state, including Syracuse Hancock International Airport. Failure to do so comes with a summons that carries a $2,000 fine. They were: Alabama, Arkansas, Arizona, California, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Louisiana, Mississippi, North Carolina, Nevada, Oklahoma, South Carolina, Tennessee, Texas and Utah.

by | July 14, 2020 | 20:55

The lawsuit filed against the Department of Justice (DOJ) in federal court in Indianapolis sought to block the execution until the pandemic had passed. Lee professed his innocence just before he was put to death . Barr had originally scheduled five executions for December 2019, which got delayed due to lawsuits challenging the USA government's protocol for capital punishment through lethal injection.

by | July 14, 2020 | 17:38

Krispy Kreme will also be extending their hot light hours, meaning they'll be making fresh batches long enough for customers to get their free dozen any time they want. Offer only available if you show valid ID with a birthday between the 23rd March and 3 July. We've sorted through the Internet to find six of the tastiest facts you might not know about doughnuts.

by | July 14, 2020 | 16:28

However, the reports did not specifically mention that it was just the phase one trials that had been completed. During the trials, 18 volunteers from the armed forces had been administered the vaccine. Australia's medical regulator, the Therapeutic Goods Administration (TGA), explains this phase can test the potential cure for between 100 to 300 participants.

by | July 14, 2020 | 03:44

The businesses stated in a press release that the designation was based mostly on preliminary information from the candidates' phases one and two trials, that are nonetheless ongoing. The companies are in a global race with Moderna Inc, AstraZeneca Plc and others to develop a vaccine for COVID-19, the respiratory illness caused by the new coronavirus, which has claimed over 568,500 lives globally, according to a Reuters tally.

by | July 14, 2020 | 02:08

Krispy Kreme is giving away free doughnuts on Friday, July 17. That will be about 22 million people, BTW. Krispy Kreme also began offering delivery within 10 miles of shops, but said the free dozen doughnuts are not available for delivery.

by | July 14, 2020 | 01:27

As the conversation continued, the Model Y Long Range RWD came up. In its place will be a Long Range RWD variant that Musk states will have a range that's significantly higher than 300 miles per charge. The price cuts to the Model Y follow similar price cuts made to the rest of Tesla's lineup. Tesla claims it has full self-driving capability but it is limited to highway driving and requires active driver supervision.

by | July 13, 2020 | 20:56

Analog Devices is now less than half the size of market leader Texas Instruments Inc.by revenue. With the acquisition of Maxim Integrated , Analog Devices aims to increase its expected annual revenue to $8.2bn and expand its customer base.

by | July 13, 2020 | 10:41

The cuts, plus reduction in the United States of around 1.3 to 1.5 million barrels a day have helped stabilise prices around the high $US30 to low $US30 a barrel for USA crudes and Brent style oils. Meanwhile, Baker Hughes on Friday reported that the number of active rigs drilling for oil in the United States dropped by 4 to 181 last week, albeit new all-time low.

by | July 13, 2020 | 10:07

The Jio Platforms deal spree began on April 22 when social networking giant Facebook agreed to acquire 9.99 per cent for Rs 43,573.62 crore. With Qualcomm's investment, Jio has raised a total of ₹118,318.45 from leading technology investors including Facebook, Silver Lake Partners (two investments), Vista Equity Partners , General Atlantic , KKR , Mubadala , ADIA, TPG, L Catterton, PIF, Intel Capital .

by | July 13, 2020 | 01:09

The United States registered the largest single-day increase in new COVID-19 infections globally for the second day in a row on Thursday. Several states have already backpedaled on reopening plans. Overall profits for S&P 500 companies are expected to have fallen the most in the second quarter since the financial crisis, according to IBES data from Refinitiv.

by | July 12, 2020 | 19:59

Rowe Price as well. Amazon and BlackRock, both of which have previously invested in Rivian , participated in this round of investments, along with several new investors.Soros Fund Management and Baron Capital Group were among those also involved.

by | July 12, 2020 | 14:56

Despite sections of the Alberta economy reopening in May, June saw the loss of 1,000 full-time and 400 part-time jobs from the previous month. Despite the good news, economist Jim Stanford said there remains a historic crisis in the job market with high unemployment and hundreds of thousands who have left the labour force altogether.