Asian stocks retreat on lack of new Fed action

The governor has said that the policy rate will stay at 0.25% until next March. Forecasters warn, however, that the market rise might be too big and fast considering the uncertain economic outlook. The pound fell 0.4% to $1.2916 after the Bank of En... More..

by | Published 3 hours ago
Mazda CX-30 Turbo revealed
by | Friday, September 18, 2020

Mazda CX-30 Turbo revealed

Right now, the company has chose to highlight the flagship version of the range, the 2021 Mazda CX-30 equipped with the Skyactiv-G 2.5 Turbo engine. There's also a new traffic jam assist that enhances the M...More..

ByteDance plans TikTok IPO if US clears deal
by | Friday, September 18, 2020

ByteDance plans TikTok IPO if US clears deal

Any deal between an American company and ByteDance must ensure that TikTok's USA operations, data, and algorithms are entirely outside the control of ByteDance or any Chinese-state directed actors, including an...More..

Rich nations have cornered half of future Covid-19 vaccine supply: Oxfam
by | Friday, September 18, 2020

Rich nations have cornered half of future Covid-19 vaccine supply: Oxfam

The Health Ministry (MOH) has a responsibility to explain to the people why Malaysia is not among the 172 countries that have signed up for the Covax Covid-19 vaccine access plan as the participation deadline i...More..

Snowflake IPO To Take On Amazon, Google, Microsoft With Cloud Computing
by | Friday, September 18, 2020

Snowflake IPO To Take On Amazon, Google, Microsoft With Cloud Computing

Underwriters have the option to buy a further 4.2 million shares, which will eventually raise up to $ 4.4 billion for Snowflake. A few minutes in, trading of Snowflake shares was briefly halted at $276.22 becau...More..

US outlines sweeping plan to provide free COVID-19 vaccines
by | Friday, September 18, 2020

US outlines sweeping plan to provide free COVID-19 vaccines

What's New: The United Arab Emirates (UAE) authorized emergency use of experimental coronavirus vaccines developed by a Chinese pharmaceutical company for front-line workers. On Wednesday, U.S. Centers for...More..

B.C. driver charged for sleeping in moving Tesla near Ponoka
by | Friday, September 18, 2020

B.C. driver charged for sleeping in moving Tesla near Ponoka

The Alberta RCMP said that the driver was pulled over for speeding on Hwy 2 near Ponoka after police received a complaint. The Tesla did eventually pull over, with the RCMP saying both driver and passenge...More..

US jobless claim: 860,000 filed for unemployment benefits last week
by | Friday, September 18, 2020

US jobless claim: 860,000 filed for unemployment benefits last week

Powell said at a news conference. Unadjusted claims dropped 75,974 to 790,021 last week. The total number of people claiming unemployment insurance went up by about 100,000 to 29.7 million, as of August 2...More..

Google to keep employees at home until summer 2021
by | Friday, September 18, 2020

Google to keep employees at home until summer 2021

Other tech firms, such as Apple, moved their developer conferences to a virtual format to adhere to lockdown rules and social distancing measures. Pichai chose to keep Google's offices closed through next sum...More..

GOP Senators Ask Trump to Block Oracle’s TikTok Deal
by | Friday, September 18, 2020

GOP Senators Ask Trump to Block Oracle’s TikTok Deal

Trump has ordered ByteDance to divest TikTok amid U.S. concerns user data could be passed to China's Communist Party government. The Trump administration is set to make a final decision on Chinese owned video...More..

New Tucson to complete electrification of Hyundai’s SUV range
by | Friday, September 18, 2020

New Tucson to complete electrification of Hyundai’s SUV range

Hyundai has applied a new design concept to the upgraded model of the sixth-generation Grandeur that was launched in 2016, the new Sonata sedan launched a year ago, the all-new Avante compact launched in April...More..

Restaurant subsidy scheme prompts sharp drop in United Kingdom inflation rate - govt statistics
by | Friday, September 18, 2020

Restaurant subsidy scheme prompts sharp drop in United Kingdom inflation rate - govt statistics

Falling demand for worldwide travel and the Eat Out to Help Out scheme meant prices in the United Kingdom fell 0.4% between July and August, according to the ONS . Naeem Aslam, chief market analyst at Avatrade...More..

Oil prices appreciate as OPEC predicts decline in 2020 demand
by | Thursday, September 17, 2020

Oil prices appreciate as OPEC predicts decline in 2020 demand

That marks a contraction of 8.4 million bpd year-over-year, more than the 8.1-million bpd contraction predicted in the Paris-based agency's previous report. OPEC and its allies had implemented production cuts ...More..

Does Google hold the clue to UK's coming unemployment levels?
by | Thursday, September 17, 2020

Does Google hold the clue to UK's coming unemployment levels?

In the three months to July the United Kingdom unemployment rate grew to 4.1%, representing about 1.4 million people out of work, according to the Office for National Statistics (ONS). "However, the decline i...More..

WTO: US Violated Trade Rules With Tariffs on China
by | Wednesday, September 16, 2020

WTO: US Violated Trade Rules With Tariffs on China

The WTO panel ruled that the US measures violated longstanding global trade rules because they only applied to products from China , and that Washington had not adequately substantiated its claim that the Ch...More..

by | Tuesday, September 15, 2020

Brexit: Internal Market Bill clears first hurdle in Commons

Responding to the Prime Minister's claims that the bill is needed for barrier-free trade with Northern Ireland , Miliband said: "This bill does precisely nothing to address the issue of the transport of food f...More..

United Kingdom strikes first major post-Brexit free trade deal with Japan
by | Tuesday, September 15, 2020

United Kingdom strikes first major post-Brexit free trade deal with Japan

Carolyn Fairbairn, director general of the Confederation of British Industry, the main business lobby, said in a statement that the deal will be "welcomed by businesses across the country". "For the automotive ...More..

USA abruptly reverses course, lifts tariffs on Canadian aluminum
by | Tuesday, September 15, 2020

USA abruptly reverses course, lifts tariffs on Canadian aluminum

The OUSTR said the decision comes "after consultations with the Canadian government determined that trade in non-alloyed, unwrought aluminum is likely to normalize in the last four months of 2020, with imports ...More..

British MPs back Brexit bill despite anger over treaty breach
by | Tuesday, September 15, 2020

British MPs back Brexit bill despite anger over treaty breach

Sajid Javid, Conservative MP and the previous Chancellor of the Exchequer (finance minister, in other words), had also come out against the bill, saying in a tweet that he could not see why it would be necessar...More..

Suga to reappoint Aso as Japan's finance minister
by | Tuesday, September 15, 2020

Suga to reappoint Aso as Japan's finance minister

The election was triggered by Abe's sudden announcement in late August that he would resign for health reasons. Suga's political fortunes have been closely tied to Abe since he won a lower house seat in 1...More..

India's Economy to Shrink by 9 Pc This Year: ADB
by | Tuesday, September 15, 2020

India's Economy to Shrink by 9 Pc This Year: ADB

The contraction would be the first since 1961, when growth was down 8 percent. India's economic system is predicted to contract by 9 per cent this 12 months - worse than the 4 per cent contraction it had fore...More..

DHS blocks some Chinese clothing, hair products over forced labor allegations
by | Tuesday, September 15, 2020

DHS blocks some Chinese clothing, hair products over forced labor allegations

The treatment of people in Xinjiang has become a source of friction between the US and China amid broader tensions over trade and the response to the coronavirus outbreak . "Allowing goods produced using fo...More..

Clinical trials of AstraZeneca-Oxford COVID-19 vaccine candidate resumes in UK
by | Monday, September 14, 2020

Clinical trials of AstraZeneca-Oxford COVID-19 vaccine candidate resumes in UK

Britain has secured access to up to 190 million doses of a potential coronavirus vaccine from Valneva in deal worth as much as 1.37 billion euros, the French-Austrian vaccine firm said Monday. Pfizer CEO Al...More..

'Ready to restart': Serum Institute after UK Covid vaccine trials resume
by | Monday, September 14, 2020

'Ready to restart': Serum Institute after UK Covid vaccine trials resume

Still, the pause drew extraordinary attention because of the urgent need for progress on Covid-19 vaccines in the midst of the pandemic . Charlotte Summers, lecturer in intensive care medicine at Cambridge...More..

Oracle wins bidding for TikTok's United States operations
by | Monday, September 14, 2020

Oracle wins bidding for TikTok's United States operations

Microsoft writes, "ByteDance let us know today they would not be selling TikTok's United States operations to Microsoft". The Wall Street Journal says the Bay Area-based tech company - which sells database...More..

Rapper TI crypto scam case still alive?
by | Monday, September 14, 2020

Rapper TI crypto scam case still alive?

Grammy award-winning rapper Clifford Harris, known as T.I., agreed to pay a USA regulator $75,000 to settle charges that he broke securities laws by selling fraudulent crypto-currency investments, the agency sa...More..

UK's Johnson accuses European Union of threatening food blockade
by | Monday, September 14, 2020

UK's Johnson accuses European Union of threatening food blockade

Among other things, with the European Union stepping up planning for talks on trade to end without a deal, Johnson has accused its negotiators of threatening to impose a food blockade between mainland Britain a...More..

Oil extends losses as stockpile rise amid weakening demand
by | Sunday, September 13, 2020

Oil extends losses as stockpile rise amid weakening demand

US West Texas Intermediate (WTI) crude futures fell 20 cents, or 0.5 percent, to US$37.85 a barrel at 0056 GMT, after climbing 3.5 percent on Wednesday. The first round of selling this week was triggered by an ...More..

Rio CEO to leave after pressure over Aboriginal site blasts
by | Sunday, September 13, 2020

Rio CEO to leave after pressure over Aboriginal site blasts

Two other senior figures are also set to leave the company , it said in a statement on Friday. "The company's initial response of docking executives' bonuses was patently inadequate given the significance ...More..

U.S. consumer prices rose in August on further gain in used cars
by | Sunday, September 13, 2020

U.S. consumer prices rose in August on further gain in used cars

The consumer price index rose 1.3% from a year ago after a 1% annual increase in July, Labor Department figures showed Friday. On tops of that, apart from the U.S. On a non-seasonally adjusted basis, the over...More..