Finance

by | August 12, 2020 | 13:12

The slump follows a 2.2 per cent drop in the first three months of 2020, raising more questions about the British government's handling of the Covid-19 pandemic. In June, when shops selling non-essential goods were allowed to reopen, the British economy grew by a monthly rate of 8.7 per cent. The grim picture emerged after figures yesterday showed that the number of people on company payrolls had fallen by 730,000 since lockdown - with employment seeing the biggest drop in a decade.

by | August 12, 2020 | 02:23

According to the ABC test , in order for a hiring entity to legally classify a worker as an independent contractor, it must prove (A) the worker is free from the control and direction of the hiring entity, (B) performs work outside the scope of the entity's business and (C) is regularly engaged in an "independently established trade, occupation, or business of the same nature as the work performed".

by | August 11, 2020 | 20:44

Led by a record plunge in the self-employed, 220,000 fewer people were working in the three months through June, official figures showed on Tuesday. The number of people claiming universal credit - a benefit for the unemployed and those on low pay - rose to just under 2.7 million in July - a 117% leap from March.

by | August 11, 2020 | 14:24

Capitol in Washington on August 7, 2020. Despite their skepticism about the constitutionality of the orders, the Journal said Trump had gained crucial leverage over congressional Democrats. Trump also extolled the strength of the USA auto and housing markets, adding that unemployment was "falling faster than almost anyone thought". Mulvaney said it "looks like it could be fairly well backed up legally", acknowledging that he hasn't "had the chance to do the cross-references and so forth".

by | August 10, 2020 | 21:40

The Ioniq sedan is available in hybrid , plug-in hybrid and all-electric forms in global markets, though the vehicle will not form a part of the new sub-brand. Hyundai already offers a mix of electrified models, including both an all-electric version of its compact Kona SUV, as well as different variations of the Ioniq model, including a plug-in and a pure BEV.

by | August 10, 2020 | 21:11

The Public Health Agency says there is no evidence to suggest that onions grown in Canada are associated with this outbreak. A nationwide onion recall has grown to include products from Taylor Farms Texas, a Dallas company that is voluntarily recalling products containing onions from its supplier.

by | August 10, 2020 | 20:53

It's unclear how much New Yorkers will actually see from President Trump's weekend executive order that boosted unemployment. "Just by law, you're not going to be able to do what you have to do by executive order". In spite of the dire economic outlook, Cuomo hailed a "great day" due to the state's latest COVID-19 numbers. Of the 65,812 test results reported to New York State yesterday, 515, or 0.78 percent, were positive, marking the lowest single-day positive rate in New York since the ...

by | August 10, 2020 | 19:32

On Saturday, a spokesperson for Kodak declined comment on the recent tweets by the DFC and Navarro. Kodak said on Friday it would launch an internal review. The president called the deal - the first of its kind under the Defense Production Act - 'a breakthrough in bringing pharmaceutical manufacturing back to the United States'.

by | August 10, 2020 | 19:29

Advertisement The deal could benefit Amazon by providing well-located warehouse space in cities across the USA, potentially allowing the online retailer to decrease its delivery times on shipments. Simon Property Group at one time partnered with PREIT to own the Whitehall Mall but PREIT later reportedly joined hands with Washington Prime to own the mall.

by | August 10, 2020 | 19:22

In a lawsuit filed in Delaware, McDonald's said it would not have terminated Easterbrook without cause if it had known of the additional relationships. McDonald's is now attempting to block Easterbrook from exercising his stock options and said it will seek compensatory damages. In legal documents filed Monday morning, McDonald's said that an internal investigation found other relationships and evidence that Easterbrook lied and destroyed records to hide his behavior.

by | August 10, 2020 | 18:25

The company fired Mr Easterbrook a year ago after finding he had a consensual relationship with an employee. Easterbrook "concealed evidence and lied about his wrongdoing" and had physical sexual relationships with three McDonald's employees in the year before his termination, the filing said.

by | August 10, 2020 | 17:27

All major oil companies have taken a hit in the second quarter as lockdowns to contain the coronavirus limited travel, which reduced oil consumption and sent prices tumbling to levels not seen in almost two decades. Aramco said it would distribute a dividend of US$18.75 billion for the second quarter of this year, in line with its plan to pay a base dividend of US$75 billion for 2020.

by | August 10, 2020 | 14:55

Gates closed his comments, "No other country has the testing insanity because they won't talk about fixing it because they're - you know, they think they need to just keep acting like they've done a competent job". Bill Gates and his wife Melinda's Foundation have pledged millions of dollars to help fund vaccine research for a number of deadly diseases, including Covid-19, and have recently partnered with the world's largest vaccine manufacturer to help distribute coronavirus vaccines to ...

by | August 10, 2020 | 10:48

State banks withdrew support for the lira at specific levels against the U.S currency even as it dropped to an all-time low, and were largely absent from the market on Thursday, according to people familiar with the matter. It added that it would phase out liquidity facilities introduced during the pandemic, amid indications the economic recovery was gaining pace. Turkey had been hoping for an influx of foreign currency through exports and especially through tourism but numbers are still low ...

by | August 10, 2020 | 09:36

With this, the scheme has provided over ₹90,000 crore in the hands of more than 100 million farmers since its launch in December 2018. While farmer producer organisations (FPOs) will avail the credit guarantee facility from the agriculture ministry under the FPO promotion scheme, other eligible borrowers will get it under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme for which the government will pay the required fees.

by | August 10, 2020 | 00:13

BC now has 371 active cases, with 11 people being treated for symptoms in hospital. New COVID-19 cases have been reported aboard an American vessel in B.C. The BC Centre for Disease Control says passengers on a Delta flight on July 29 from Seattle to Vancouver and a flight from San Francisco to Vancouver on August 1 may be at risk.

by | August 09, 2020 | 23:24

Andrew Cuomo said on Sunday. "Some measures do far more harm than good", says Joe Biden. WASHINGTON, Aug. 9 (Xinhua) - U.S. President Donald Trump's orders to extend certain COVID-19 economic relief have sparked sharp criticism from Democrats, who might challenge the legality of the president's executive action .

by | August 09, 2020 | 23:11

The slate of plug-in models and the Ultium battery system that Barra touted in March have spurred analysts to call for GM to consider spinning off its electric-vehicle operations. The vertical lighting, combined with a proportionately wide track and huge 23-inch wheels, gives the show Lyriq an uber-grounded stance that might be one departure in a more pragmatic production version.

by | August 09, 2020 | 21:56

US Democratic leaders said the jobs report showed more investments were needed. Oil is showing some signs of rising out of a tight range after being stuck near US$40 a barrel since early June as surging coronavirus infections put a cap on a rally from below zero.

by | August 09, 2020 | 21:25

It said Precision's results may continue suffering as the unit undertakes an "aggressive restructuring" to shrink operations to meet lower expected future demand. Quarterly net income rose to US$26.3 billion, or US$16,314 per Class A share, from US$14.07 billion, or US$8,608 per share, a year earlier. In contrast, Geico said pretax underwriting profit increased fivefold to US$2.06 billion because people drove less, resulting in significantly fewer accident claims.

by | August 09, 2020 | 20:38

Probing last week's outage, Canon had found that some photo and video image files saved in the 10GB long-term storage prior to June 16, 2020, 9:00am (JST) were lost. After Garmin , Japanese tech giant Canon, known for its professional cameras around the world, appears to have fallen victim to a major ransomware attack.

by | August 09, 2020 | 18:53

A report on private payrolls from ADP and Moody's Analytics on Wednesday estimated that businesses increased their workforces by 167,000 million in July. The S&P 500 index is up almost 50 percent from its March trough. The extra $600 weekly unemployment checks made up 20 percent of personal income and helped to boost consumer spending in May and June.

by | August 09, 2020 | 08:14

Economic data released on Thursday painted a mixed picture as Labor Department numbers showed a first fall in jobless claims in three weeks, while a separate report showed a 54% surge in job cuts announced by employers in July. King Lip, chief investment strategist at Baker Avenue Asset Management in San Francisco, said investors were anxious about China's "potential retaliation" against U.S.

by | August 09, 2020 | 04:11

Although the company once trumpeted exotic projects such as self-driving vehicles and helicopter rides, those businesses were scarcely mentioned in its financial report , reflecting humbler ambitions and a focus on delivery and mobility. Uber's Eats delivery business - once just a fraction of the company - brought in $1.21 billion in revenue during the quarter. Despite all that, Uber Eats still lost money-$232 million for the quarter.

by | August 09, 2020 | 02:07

He further added the company will be scaling up the production of the vaccine in the U.S.to fulfill the global demands for the COVID-19 vaccine via the restricted emergency use. This deal states Johnson & Johnson has to deliver 100 million doses of its vaccine. The Swiss federal government says it has struck a deal with Moderna to supply Switzerland with 4.5 million doses of a COVID-19 vaccine if the USA biotech firm successfully develops one.