Finance

by | August 17, 2020 | 23:25

The investigation was first reported by German newspaper Frankfurter Allgemeine Zeitwung . Germany's anti-trust watchdog has launched an investigation into Amazon's relationship with third-party traders selling on its site, as per its head's statement.

by | August 17, 2020 | 20:13

In a statement, Stephen Hahn, commissioner of the Food and Drug Administration , called the test "groundbreaking", partly because it doesn't need additional components, which have been prone to shortages, necessary with the standard nasal swab COVID-19 test.

by | August 17, 2020 | 19:42

The cruise ship operator MSC has made the procedures a part of its existing health and safety policies for both crew and passengers. How bad of a risk is it to cruise during Coronavirus? The global cruise industry has been battered not only by the ongoing health crisis which in March forced the worldwide grounding of its ships, but accusations of a botched handling of the epidemic in its early stages.

by | August 17, 2020 | 19:45

Sanofi is eyeing up the expansion of its autoimmune disease drug line after announcing plans to acquire Principa Biopharma, which is headquartered in San Francisco. In a phase 2b study, '168 reduced Gd-enhancing T1 hyperintense lesions by 65% in patients with MS, compared to placebo. Sanofi's a pretty traditional pharma outfit, so its purchase of Principia should help push it toward more innovative therapies - for multiple sclerosis, say, or a variety of autoimmune complaints - which ...

by | August 17, 2020 | 17:40

Shares of the gold exploration company were last trading up about 3% near $US27.76 per share in the after-hours session on Friday, kicking higher on the Buffett buying news after closing the regular session at $US26.99. Berkshire still invests in several banks including Bank of America Corp, where in the last month it invested more than $2 billion, giving it an 11.9 per cent stake worth more than $27 billion.

by | August 17, 2020 | 15:42

Google warned Monday that the Australian government's plan to make it pay for news content threatens its free search service in Australia and could hand user data to media organizations. Google and Facebook were lambasted for violating privacy regulations, namely after the latter's involvement in the 2018 Cambridge Analytica scandal, which saw millions of users data being mined without consent.

by | August 17, 2020 | 07:52

None of those customers will lose power now. The energy states no customers ought to be impacted over night. PG&E alerted customers previously in the day that another round of failures might take place at 5 p.m. "California will be experiencing near-record or record-breaking heat, up to 10-20 degrees above normal in some areas", ISO said in a statement, adding it tried to manage the strain on the grid to limit any potential power disruptions.

by | August 17, 2020 | 07:40

With heightened scrutiny of its operations, the Postal Service is now requesting a temporary preelection rate increase, from mid-October through Christmas, although not for first-class letters. "That means they can't have universal mail-in voting". Earlier Sunday, White House chief of staff Mark Meadows described reports that USPS sorting machines were decommissioned was a "political narrative", stating that no more machines would be dismantled in the lead up to the election.

by | August 17, 2020 | 05:59

The passwords and usernames of 9,041 GCKey account holders "were acquired fraudulently and used to try and access government services", the authorities said . "These attacks took advantage of the fact that many people reuse passwords and usernames across multiple accounts", it said. In response, the agency had suspended numerous accounts to prevent such cybercrime.

by | August 15, 2020 | 22:35

On August 1, 2020, Thomson International, Inc . voluntarily recalled red, yellow, white, and sweet yellow onions because they may be contaminated with Salmonella . As of August 3, there were 396 reported cases, including 59 hospitalizations across 34 USA states, according to CDC data. Most people will recover from salmonellainfection without antibiotics, but treatment is recommended for those with severe illness, a weakened immune system, adults older than 50 with medical problems, ...

by | August 15, 2020 | 20:17

The Stoch Whisky Association (SWA) said in a statement on Wednesday that it was disappointed that the U.S. had maintained its 25% tariff on single malt Scotch imports, which it said is "inflicting huge damage" on the sector, saying exports to the USA have fallen 30% since the tariff came into effect last October and the industry is now facing a £300mln loss.

by | August 15, 2020 | 09:55

The ONS said the economy bounced back in June as the government started to relax coronavirus restrictions. "It has been great to see more and more of our city's economy reopening over recent weeks and months but Belfast Chamber is increasingly anxious about the long term devastation that the coronavirus pandemic could have on the city's economy in terms of job losses, business closures and a slow down in investment".

by | August 15, 2020 | 08:28

This will ensure that, once available, the vaccine can be supplied to the British public as soon as possible, BEIS said. The Biological E. Limited (BE) on Thursday announced that it has entered into an agreement with Janssen Pharmaceutica NV, one of the Janssen Pharmaceutical companies of Johnson & Johnson, for the creation and enhancement of manufacturing capacities for drug substance and drug product for the latter's COVID-19 vaccine candidate.

by | August 15, 2020 | 02:16

Looking year-over-year, though, the food at home index has been up more than 4% in the last four months and the overall rise in food prices for July of 4.6% y/y was the third-highest increase since 2012, noted Michael Underhill, fund manager at Capital Innovations, in a tweet .

by | August 14, 2020 | 20:13

The aviation and transport sectors, in particular, are struggling with the fallout from the lockdowns aimed at reining in the disease, the IEA said and added that it expect demand to recover somewhat next year to 97.1 million bpd. The company, which highlighted that Venezuela is the country with the world's largest oil reserves, said a restoration of production "somewhere in the future" is always a possibility, but added that the state of Venezuela's infrastructure, ongoing US sanctions and ...

by | August 14, 2020 | 05:14

Mr. Martin said he had a very warm and engaging meeting with Mr. Johnson, RTE was reporting. Mrs Foster said: "I think it is an event for the whole of Northern Ireland, looking forward to the future, looking forward to our young people having a place in the world and that is what I want to see happening for our centenary plans".

by | August 14, 2020 | 03:05

It marks the first time that Tesla has split its stock since the Palo Alto, California, company went public at $17 per share a decade ago. The Tesla stock split is a five-for-one split, which will reduce the TSLA share price to one-fifth of its pre-split value.

by | August 14, 2020 | 00:28

Stock splits are typically done when the price of a stock gets so high that it intimidates small shareholders. Elon Musk's Tesla is set to make its shares more affordable to backers after announcing a five-way stock split, the first in its history, on the back of a record year of growth for the electric auto maker.

by | August 13, 2020 | 21:39

McDonald's is suing its former CEO Steve Easterbrook alleging that he covered up evidence to the company's board about his relationships with employees. McDonald's did not state why the servers weren't checked during the initial investigation and relied on Easterbrook to be truthful. The assessment will be completed and shared with employees in November, McDonald's Chief People Officer Heidi Capozzi said in a message obtained by The Associated Press .

by | August 13, 2020 | 19:10

The Labor Department said applications fell to 963,000, the second straight drop, from 1.2 million the previous week. But despite the improvement, a massive 15.5 million people were still receiving benefits, and the new claims filed in the week ended August 8 were above the worst week during the global financial crisis.

by | August 13, 2020 | 17:31

The charter also mandates the department to allow every taxpayer to choose an authorised representative of his choice and provide mechanism for lodging a complain, and its prompt disposal. The Central Board of Direct Taxes (CBDT) has carried out several tax reforms indirect taxes (sentence not clear) in recent years. "Last year the Corporate Tax rates were reduced from 30% to 22% and for new manufacturing units the rates were reduced to 15%".

by | August 13, 2020 | 10:57

The ONS said that there were record quarterly falls in services, production, and construction output, with declines "particularly prevalent" in the industries that have been most exposed to government restrictions, such as accommodation and food services.

by | August 13, 2020 | 02:10

Since Uber and Lyft have never classified their drivers as full-time employees , the companies have never paid an unemployment insurance tax for each of their workers. The company seeks "to deliver certainty for millions of independent contractors who will increasingly rely on independent work to help them face the economic challenges that lie ahead", Uber said in its document.

by | August 12, 2020 | 18:55

RISHI SUNAK'S " Eat Out to Help Out " scheme, offering 50 per cent meal discounts across restaurants, cafes and pubs in the United Kingdom, seems to be a big hit as it has already been used more than 10.5 million times in its first week. However, high street visits are still significantly down when compared to the same period in 2019. "And they usually are not just having a great offer - they're supporting the pretty much 2 million persons employed in this sector", he claimed.

by | August 12, 2020 | 15:27

The warning notes that a "warm and humid air mass will settle over southern Quebec today and on Tuesday". Minimum overnight temperatures: 20 to 23 degrees Celsius. CBC meteorologist Tina Simpkin said despite the heat there is a possibility of some rain for farmers desperate for a little moisture for their fields.