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United Kingdom economy shrinks record 20.4% in April due to lockdown

The fall - the largest since records began in 1997 - massively outstrips the then-record 5.8 per cent drop in March GDP reported last month. On the same day, ...

Treasury Secretary Mnuchin: ‘We Can’t Shut Down the Economy Again’

He cautioned against rushing into a fourth bill as the economy was starting to reopen. "I think it was very prudent what the president did, but I think we've le...

Amazon faces European Union antitrust objections in online sales probe

Amazon's role as both a platform for merchants and a seller on that same platform has become one of the most contentious areas of the business . While declini...

Spirit Halts 737 MAX Production Activities

Visit Business Insider's homepage for more stories . That May figure itself was a reduction from the target of 216 deliveries Boeing had set for Spirit in Feb...

More Than 50,000 Oklahomans Filed For Unemployment Benefits Last Week

DESPITE moves to reopen businesses nationwide, another 1.54 million U.S. workers filed for unemployment benefits last week, the Labor Department said on Thurs...

Nikola talks to automakers about production deal

Nikola has two additional models of prime mover trucks in the works which are expected to compete directly with the Tesla Semi . Nikola has said that it is...

Fed warns pandemic poses "considerable risks"

Losses picked up in US stock index futures after the Federal Reserve signaled that the path to economic recovery will be long and as worries over a second ...

Tesla Dethrones Toyota As Most Valuable Carmaker In The World, Briefly

Tesla soared to all-time-highs on Wednesday after the electric vehicle manufacturer said in a memo to employees that now is the time for them to ramp up produ...

London stocks fall for third straight day, Fed on the radar

While the bank sees no adjustment in the 0.25% fed funds rate for three years, the longer run unemployment rate , beyond 2022, is 4.1%, the same as it was in t...

China develops promising inactivated COVID-19 vaccine

J&J's study will test the vaccine against a placebo and assess the shot's safety and immune response in 1,045 healthy people aged 18 to 55 years, as well as tho...

1.54 million Americans applied for unemployment benefits last week

The new batch of claims also came less than a week after a surprisingly strong May employment report showed the US adding 2.5 million jobs that month, largely d...

Zara owner Inditex books first-ever quarterly loss as sales tumble

This will accelerate over the next two years as the Spanish company doubles down on e-commerce, investing 1 billion euros (SGD 1.58 billion) on its online platf...

Ford and VW finalise alliance

With Ford and Volkswagen both having strong commercial van and pickup businesses around the world - Ford with its Transit van range and Ranger ute and Vol...

'PM needs to address JobKeeper for childcare workers': Senator Katy Gallagher

The transitional funding will last until September 27. "The main reason is that the funding the services were receiving were only about 50 per cent of its rev...

Starbucks to fast-track pickup-only stores amid $3.2 billion loss

The pandemic has forced Starbucks to rethink its central concept of being a "third place" away from work and home for customers to relax, it said. Starbucks w...

US employers laid off 7.7 million workers in April

The number of open positions fell to 5.05 million in April from a revised 6.01 million a month earlier, according to the Labour Department's Job Openings and L...

ECB plans 'bad bank' to house toxic crisis debt

The ECB has declined to comment on reports it plans a bad bank. The quantity of debt within the euro zone that's thought of unlikely to ever be totally re...

Dollar slumps to three-month lows on Fed easing speculation

The greenback fell to three-month troughs against the euro , sterling and Swiss franc after the end of a two-day meeting of the Fed's policy-setting committe...

Gold jumps Rs 402 silver too zooms Rs 893

Gold futures on August 5, 2020, fell by Rs 67 to trade at Rs 46,034 per 10 grams on the MCX exchange. According to Federation of Nepal Gold and Silver Dealers A...

Elon Musk says Tesla ready to start 'volume production' on semi truck

The vague memo and one word "yes" confirmation was enough for Wall Street. Tesla shares leaped 9% on Wednesday to $1,025.05, lifting the company's market capi...

Nasdaq continues upwards tilt after breaking 10,000-point barrier

USA stocks opened lower on Tuesday as investors turned cautious ahead of a Federal Reserve meeting that could offer views on the recent signs of economic recove...

Warning second wave of coronavirus would derail Australian economy

We can not make projections as as we normally do. A second round of coronavirus infections could cripple the global economy's recovery from the worst recessio...

Stocks seesaw as Fed expects no rate hikes through 2022

The Nasdaq cracked the 10,000-point mark for the first time Tuesday before cooling off to close at 9,953.75, a gain of 29.1 points for the day. Now that payme...

Fed puts floor under bond buying, sees zero rates through 2022

The central bank repeated its commitment from the April meeting that it "expects to maintain this target range until it is confident that the economy has weathe...

China consumer inflation slows in May

US consumer prices dropped in May for the third straight month as the coronavirus pandemic pushed the American economy into a recession. The CPI rose more tha...

Flat hiring climate anticipated for Red Deer

It is also an eight percentage point increase from the outlook reported during the same time a year ago, indicating a moderate hiring pace for the upcoming mont...

Oil falls 3% despite OPEC+ cuts as Gulf ends voluntary curbs

The group, known as OPEC+, agreed on Saturday to sustain those cuts, equal to about 10% of global supply, through July. The Schork Group principal Stephen S...

Petrol, diesel price hiked for fourth straight day

Petrol price in Delhi was hiked to Rs 72.46 per litre from Rs 71.86 on Sunday, while diesel rates were increased to Rs 70.59 a litre from Rs 69.99, according to...

Dow dips 300 points, Nasdaq crosses 10000 mark for first time

The Nasdaq Composite Index rose 29.01 points, or 0.29 percent, to close at 9,953.75. In another sign of increased caution, the yield on the 10-year Treasury...

'No progress' in latest Brexit talks as United Kingdom economy reels from pandemic

Talks will continue but it could soon be time to bring in the bigwigs, the political leaders who would have the power to make real concessions and compromise. "...