Finance

by | September 18, 2020 | 08:26

If that happens, the gaming platform company expects to be worth between $44 and $48 per share , up from its preceding $34 to $42 per-share IPO price range that it initially set . As of July 31, 2020, customers included seven of the Fortune 10 and 146 of the Fortune 500 companies. "I want to personally congratulate Snowflake on what appears to be a truly massive IPO", said cloud data company Yellowbrick CEO Neil Carson.

by | September 18, 2020 | 07:51

Continuing jobless claims, which are reported on a one-week lag and capture the number of individuals still receiving unemployment benefits, rose for the first time since mid-July last week to more than 13.3 million. But, speaking earlier this week, Asaro-Angelo cautioned that most of the delays stem from a litany of federal regulations that needlessly complicate the unemployment application process.

by | September 18, 2020 | 07:50

Google previously stated that the work-from-home option would be extended through the end of the year-however, with COVID-19 cases continuing to surge, that decision has been considerably extended. But the pandemic's ongoing spread prompted Google to push back the reopening until January and now it has prompted yet another delay. It will also make it easier for employees to sign one-year leases if they decide to rent a home somewhere else while working outside the office.

by | September 18, 2020 | 07:41

The proposal envisages Oracle becoming a "trusted" technology partner, while a source familiar with the situation said ByteDance is to hold majority ownership of TikTok. "They're going to be reporting to me tomorrow morning and I'll let you know". - US President Donald Trump said Tuesday he'd heard that tech company Oracle was, quote, "very close to a deal" over popular video app TikTok.

by | September 17, 2020 | 19:53

The report projected a global oil demand decline of 9.5 million bpd for 2020, more than the 9.06 million bpd decline projected in August 2020. Looking ahead, the IEA said it expects worldwide oil demand to grow by around 5.5 million bpd next year, climbing to an average of 97.1 million bpd in 2021.

by | September 16, 2020 | 03:21

China also alleged the tariffs violated a key dispute settlement rule that requires countries to first seek recourse from the WTO dispute settlement body before imposing retaliatory tariffs against another country. The US report had cited thousands of pieces of evidence showing China's unfair trade practices, which "have cost US innovators, workers, and businesses billions of dollars every year", his statement said.

by | September 15, 2020 | 23:28

Ms Freeland described the United States move as "unilateral" and Canada had not agreed to abide by any import thresholds. Freeland rejected suggestions that Canada has agreed to USA -imposed quotas, saying this is not a negotiated deal between the two countries.

by | September 15, 2020 | 18:57

Now the chief cabinet secretary, Suga took 377 of a total of 534 votes against the two other contenders, former Defence Minister Shigeru Ishiba and former Foreign Minister Fumio Kishida. © Provided by The Guardian Merchandise featuring Japan's expected new prime minister, Yoshihide Suga, is displayed at a store in his home town of Yuzawa.

by | September 15, 2020 | 09:39

Earlier this month, the state-run Korea Development Institute cut the nation's economic growth outlook to a contraction of 1.1 percent this year, a sharp downward revision of 0.2 percent expansion in its May forecast. Developed countries such as Japan and Australia are excluded. While the pandemic remains the biggest downside risk to the region's outlook, Sawada said in a separate media briefing "worsening geopolitical tensions" that include the trade and tech war between US and Beijing, ...

by | September 15, 2020 | 07:52

Nevertheless, the issue has become a source of friction between the USA and China amid tensions that have escalated under President Donald Trump. The Trump administration on Monday said it will block USA imports of cotton, apparel and other products from five specific entities in western China's Xinjiang region, but has shelved proposed region-wide bans on all Xinjiang-produced cotton and tomato products.

by | September 14, 2020 | 21:57

The AstraZeneca statement said information about the illness the woman suffered can not be disclosed. There are 142 vaccines in Pre-Clinical trials that are not yet in human trials. Phase III clinical trials of Russia's Sputnik V vaccine against COVID-19 will be conducted in the Brazilian states of Bahia and Parana, which has plans to produce the vaccine for Brazil and other Latin American countries.

by | September 14, 2020 | 18:10

Oil headed for its first back-to-back weekly losses since April's price rout as swelling USA stockpiles added to signs that the global energy demand recovery will take longer than previously anticipated. Analysts polled by S&P Global Platts had forecast a fall of 500,000 barrels. The market is now concerned that there might be need to store again more crude and this worry is evident in a scramble to book floating storage again for the future, now that prices are still at non-emergency levels.

by | September 14, 2020 | 05:36

The trial was resumed on Saturday with the approval of British regulators. Last week, the company had paused global trials due to an adverse event reported in one patient in the UK. "They have to be followed up for a certain length of time, a minimum of six months to be able to assess both on the protective efficacy and safety", she said, indicating that more details on the other Covid-19 vaccines in advanced trials would possibly be available by later this year or early next.

by | September 14, 2020 | 03:42

Microsoft on Sunday said ByteDance will not be selling TikTok's USA operations to the company. Oracle will be ByteDance's technology partner and will handle TikTok's U.S. Oracle didn't immediately respond to a request for comment. His executive order formalizing the ban threat was issued two days later. TikTok also declined comment Sunday.

by | September 14, 2020 | 03:27

T.I., 39, is best known for 2008 hits "Whatever You Like", "Live Your Life" and "Swagga Like Us", and was featured on Robin Thicke's No. 1 single "Blurred Lines" in 2013. "T.I. also asked a celebrity friend to promote the FLiK ICO on social media and provided the language for posts", reads the SEC announcement, "referring to FLiK as T.I.'s 'new venture'".

by | September 13, 2020 | 23:25

The dig uncovered the oldest known example of bone tools in Australia , a sharpened kangaroo bone dating back 28,000 years, and a plaited-hair belt that DNA testing linked to indigenous people still living in the area. In June, rival miner BHP also halted its plans to expand its mine in the Pilbara region in June following the outcry over Rio's actions. "We hope this sends a strong message to the entire mining industry: you must join the 21st century and start taking your ...

by | September 13, 2020 | 21:41

An interior ministry official denied that any shots were fired in the air. Access to mobile data was limited and central metro stations closed, with authorities moving police vans, military vehicles and barbed wire into the center ahead of the demonstration.

by | September 13, 2020 | 17:58

Last month, gasoline prices rose 2.0% after increasing 5.6% in July. Policymakers have expressed a range of ideas about how this might work in practice, but agree the aim is to let prices rise fast enough that households and businesses take their inflation target seriously.

by | September 13, 2020 | 10:13

Tesla is planning to open at least one more inner-city fast charging site in Germany before the end of the year. Although the officials did not disclose the exact date of when the shipping of Tesla cars would commence, it has been announced officially that the company is all set to start shipping cars from China to its markets in Europe and Asia.

by | September 13, 2020 | 05:39

Maserati hinted at an electric drivetrain for future models in January, although at the time they actually referred to it as a "100% electric "engine". "MC" stands for Maserati Corse, and "20" for 2020. We also say the new model looks great in its exclusive new launch color, part of the new roster that was specifically developed for the model: Bianco Audace, Giallo Genio, Rosso Vincente, Blu Infinito, Nero Enigma and Grigio Mistero.

by | September 13, 2020 | 03:42

It should be noted that Zomato's value will cross $3.5 billion in the new round if it gets successful. The company in March 2020 also raised $5 million from Pacific Horizon Investment Trust, managed by UK-based Baillie Gifford & Co. The company said it does not have any immediate plan for the cash it has raised. "We are treating this cash as a "war-chest" for future M&A, and fighting off any mischief or price wars from our competition in various areas of our business", he said.

by | September 13, 2020 | 02:55

Talking point: Amazon's Career Day announcements boasting thousands of jobs acknowledge the economic reality of COVID-19, which has left many Americans and Canadians unemployed. Amazon's expansion comes as other companies bulk up for the holidays, with UPS on Wednesday saying it expects to hire more than 100,000 seasonal workers before a yearly increase in package volume that starts in October and continues through January.

by | September 12, 2020 | 23:54

She also headed the bank's Latin American division following a loans scandal involving its Mexican subsidiary, Banamex. She will replace Mike Corbat, 60, who is stepping down next February after 37 years at Citi, including eight at the helm.

by | September 12, 2020 | 17:38

The group owns brands like Louis Vuitton and Christian Dior, as well as jewellery houses such as TAG Heuer and Bulgari. Luxury group LVMH has chose to cancel its acquisition of American jeweller Tiffany's , saying it follows a request by the French government.

by | September 12, 2020 | 13:44

Earlier this year LVMH's board had also reviewed the impact of the COVID-19 pandemic on the Tiffany takeover . The United States instituted a 25% tax on $1.3 billion worth of French products, including cosmetics, soap, and handbags, in July as retaliation for a tax France imposed on American technology companies.