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U.S. Stocks Edge Higher; Dollar, Treasuries Gain: Markets Wrap

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‘Sportier and dynamic’: 2021 Lexus IS breaks cover

To strengthen this driving performance, IS claims to have been thoroughly tested and honed at various places throughout the world, including the new Toyota Tec...

Tesla Model S Long Range Plus offers 646 km driving range

Tesla's Model S electric sedan first went on sale in 2012 offering a then-eye-popping 265 miles of range per charge. While the EPA denied that claim, Musk re...

Powell says US economy 'well short' of pre-pandemic level despite reopening

During testimony before the Senate Banking Committee, Powell said that while there have been signs of economic improvement, the decline in US GDP this quarter "...

Ford Picks OJ Simpson's Birthday for New Bronco Release

Simpson was a passenger in the 1993 Bronco while his friend and former teammate Al Cowlings drove the I-405 in Southern California. With some 95 million peopl...

UAE Says Oil Prices Will Soon be Back to Normal

The demand forecasts for next year fall short of levels recorded in 2019 because the record rebound will only partially offset the severe oil demand collapse ...

European regulators open competition probe into Apple Pay

These were bought either through company-owned apps or virtual marketplaces. Digital goods and services, from which Apple takes up to 15 to 30 per cent commis...

Twitter Establishes Juneteenth as Official Company Holiday | Black Lives Matter, Twitter

The holiday set for every June 19 marks your day in 1865 when Union soldiers landed in Texas with the message that the Civil War was over and slavery ended, acc...

US retail sales surge 17.7% in May as shops reopen

Even with the improvement, the value of all retail sales remained 6.1% below last year's level."As states began to reopen their economies, households reopened t...

Lockdown: More than 600000 workers lose jobs

The ONS said the United Kingdom unemployment rate between February and April was unchanged on January to March, at 3.9 per cent, or 1.3 million. Economists got ...

EasyJet takes off this Monday with a fist flight to Glasgow

This means that easyJet also will relaunch 310 flights this week across the airline's European network including from London Gatwick, Bristol, Birmingham, Liv...

Fuel prices rise over Rs 4/litre in 8 days

Petrol price in Delhi was hiked to Rs 75.16 per litre from Rs 74.57, while diesel rates were increased to Rs 73.39 a litre from Rs 72.81, according to a price n...

United States retail sales surge 17.7% in May as shops reopen

Why it matters: The result - the biggest monthly jump in consumer spending ever - is a big upside surprise, much better than the 8% jump that economists expect...

Global stocks rally on hopes for economic improvement

Gov. Haruhiko Kuroda told reporters that recovery could come in the latter part of the year if the effects of the pandemic are mitigated. "If so, equities and...

Nissan Rogue Teased Ahead Of Global Debut

Front-wheel-drive cars offer three driving modes - Sport, Standard and Eco - while four-wheel-drive models gain Off-road and Snow functions additionally. It's o...

Apple's App Store facilitated transactions worth $500 billion in 2019

Apple announced on Monday that its App Store facilitated an estimated $519 billion in billings and sales in 2019. The amounts cited include app purchases, ...

Thousands confined in Beijing as coronavirus resurgence is described as 'extremely serious'

Viruses isolated from patients are identical with the ones collected from contaminated surfaces in the Xinfadi market, where the outbreak appears to have start...

Workers on United Kingdom payrolls tumble and benefit claims soar during lockdown

Economists polled by Reuters had mostly expected a rise in the unemployment rate to 4.7%. The furlough scheme is due to run until the end of October althoug...

Workers on United Kingdom payrolls falls in May, vacancies plunge

Economists polled by Reuters had mostly expected a rise in the unemployment rate to 4.7%. Many companies have already announced permanent layoffs of workers. ...

Fed will start buying corporate bonds now

The central bank also sought feedback on Monday on a proposal to expand the program to allow nonprofit organizations to borrow under the program as well. The ...

Bank of Japan keeps policy steady, eyes recovery from pandemic

After the Japanese economy slipped into a recession earlier this year, the BOJ injected cash into its banking sector and imposed a stiff ceiling on interest rat...

United States stocks end higher in choppy trading

However, market gains were capped as continued worries about the economy amid emerging second wave of the epidemic. Trillions of dollars in fiscal and monetar...

Kudlow: Extra $600 in unemployment a 'disincentive' to return to work

White House National Economic Council Director Larry Kudlow told " America's Newsroom " on Monday that he thinks "the economy is going to rocket higher and ...

Small businesses worry workers could abuse CERB, recommend changes

The federal government is looking for a solution to extend the Canadian Emergency Response Benefit (CERB) payments for those who can not find work by the end of...

Amazon business practices reviewed in two U.S. states

The reports said California state is reviewing Amazon's practices on selling its own products in competition with third-party vendors. In response to that rep...

Fed's Kaplan: US economy to have significant, historic contraction in Q2

Kaplan said he agreed with his counterpart at the Atlanta Federal Reserve Bank, Raphael Bostic - the Fed's only African-American policymaker - who on Friday iss...

AstraZeneca deal to supply European Union with 300 million COVID-19 vaccine doses

De Jonge said that the risks attached to making such an investment, before the vaccine had been proved to work, were not outweighed by the social importance and...

United Kingdom formally rejects Brexit transition extension

But the government said it would not extend the transition period that began when Britain left the bloc in January. While that in itself is good news for Bre...

BP takes $17.5B hit as pandemic accelerates emissions cuts

BP said the actions would mean impairment charges and write-offs in the second quarter of between $13 billion to $17.5 billion after tax. The coronavirus pand...

Brent Crude Oil correction to find support at $35 - OCBC

Oil prices fell on Friday, extending heavy overnight losses as a surge in U.S. coronavirus cases this week raised the prospect of a second wave of the Covid...

Coronavirus vaccine: Europe's Inclusive Vaccines Alliance strikes giant agreement with AstraZeneca

Four EU countries struck a deal with pharma giant AstraZeneca for the supply of at least 300 million doses of a COVID-19 vaccine that is now being tested by the...