Finance

Trump instructs representatives to halt COVID-19 stimulus talks until after election

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Facebook Expects Half Its Employees To Work Remotely Permanently

He noted that when Facebook staffers quit the company, it's sometimes because they are moving to an area where the company doesn't have an office location. In...

Lufthansa dodges insolvency after shareholders back bailout

Lufthansa shares rose 7.1% to 9.59 euros on Thursday, paring its decline for the year to 42% and valuing the company at 4.6 billion euros. Lufthansa chairma...

Twitter announces employees will be allowed to work from home ‘forever’

Twitter was one of the first big tech businesses to allow staff to work remotely as the coronavirus pandemic hit Europe and the United States, advising its 5...

Pilots, baggage handlers sent packing as Qantas slashes 6,000 jobs

Qantas CEO Alan Joyce says the decision to axe 6000 jobs from the airline's roster is "devastating" but necessary to ensure the business' survival after COVI...

Sterling Breaks Support As BofA Says Brexit Made Pound An Emerging Currency

The dollar rose after the United States said it was considering tariffs on $3.1 billion of exports from Britain, France, Germany and Spain. Currency analysts...

CMHC Forecasts Broad Declines In Canada’s Housing Market

In Ottawa and Montreal, the agency expects home prices to hit a low next year, for a decline of 8 per cent and 4 per cent, respectively. "COVID-19 has had unp...

Walmart gives Minnesota workers bonuses worth $5M for working during coronavirus pandemic

Bonuses were given to associates who have been with the company since June 5. Since mid-March, the Bentonville, Ark. -based business has ramped up its hiring ef...

Amazon launches $2bn fund to invest in climate change mitigation

San Francisco: Amazon has announced a $2 billion venture capital fund to invest in companies whose products and services will facilitate the transition to a ...

International Monetary Fund revises FY21 growth rate target downward to 1pc

She noted that the fall in output in 2020 would be half as bad as the 10 percent drop in the early 1930s, adding that there would be a fall in living standards ...

Wirecard accounting scandal under investigation in Philippines, while former CEO posts bail

Wirecard is the first member of Germany's prestigious DAX stock index to go bust, less than two years after it commanded a spot among the country's biggest 30 l...

Supercar wrecked in motorway crash 20 minutes into first trip

West Yorkshire Police tweeted photos of the smashed up vehicle, writing: "It's only a auto!" with the hashtag #couldhavecried. The luxury Lamborghini Hurucan ...

Trump administration sent $1.4bn in stimulus checks to dead people

Payments were distributed based on either a 2018 or 2019 tax return, and total payments added up to $269 billion. A spokesperson for the IRS did not return ...

Oh no! WhatsApp's most exciting feature in years just got SUSPENDED

And the Facebook-owned messaging platform is yet to get regulatory approval to expand its payment services in India. Within days of its launch , the WhatsAp...

Disney+ to Debut in 8 More Countries in Europe Amid Coronavirus Restrictions

In Norway , it will be NOK69 ($7.18) per month or NOK689 ($71.72) annually, while in Sweden , it'll be SEK69 ($7.36) or SEK689 ($73.57). Separately, Disney ...

Imo Pensioners Protest Non-Payment Of Pension Arrears

The pensioners, who attempted to invade the Government House, were resisted by security personnel, who formed a barricade. Unable to access the Government Hou...

Another 1.5 million United States workers file for unemployment insurance

More than 64,000 weekly certifications for state benefits were filed during that same time period. The economy has improved slightly since the virus first arr...

Crude oil prices fall below $40 on record U.S. inventories, Covid fears

USA crude stocks rose 1.4 million barrels, the Energy Information Administration said on Wednesday. This hit crude prices, as other details the EIA reported suc...

Checkout.com triples valuation on $150 million funding round

The startup, which processes payments for behemoths like Adidas, Virgin Active, Deliveroo, and EasyGroup, said that the investment will bring the cash on its ba...

Diesel Now Costlier Than Petrol in Delhi

Even then, the prices of diesel and petrol are neck to neck in other parts of the country as well. The base price of petrol in Delhi is ₹22.11 per litre while...

World faces $12 trillion Covid bill, International Monetary Fund warns

The IMF notes consumption growth has been downgraded for most economies, reflecting the larger-than-anticipated disruption to domestic activity. IMF Economi...

Australia records first COVID-19 death in month

If you are experiencing cold or flu symptoms, arrange a test by calling your doctor or contact the Coronavirus Health Information Hotline on 1800 020 080. Vic...

Tesla’s Terrible JD Power Results Are Off The Chart

Of 75 plants in the Americas, Toluca Assembly Plant in Mexico won the Gold Award for manufacturing quality, while Belvidere Assembly Plant in IL, claimed th...

New Zealand seizes US$90m in assets of Russian cybercrime suspect

Police union boss: It's "more dangerous" for officers but time needed to consider arming police * Auckland police shooting: Officer killed identified by poli...

Trump says China deal 'fully intact' after Navarro roils markets

Navarro isn't the decisive voice on the future of the trade deal. "He consistently lies and has no honesty and trustworthiness", foreign ministry spokesman Zh...

Australian public broadcaster to shed 250 staff

Some popular programmes and websites will also be axed or scaled down. ABC Life will become ABC Local, which will cost half of staff their jobs as content is ...

Bayer offers $10bn to settle Roundup claims

Bayer CEO Werner Baumann said the decision to settle the lawsuits was the right one in order to end a long period of uncertainty. Monsanto developed glyphos...

Canada loses AAA rating as Fitch flags high debt level

Since the pandemic, Canada's AAA rating has come under the microscope amid more fiscal spending. Both Standard & Poor's and Moody's give Canada a triple-A rat...

Indonesia’s GoJek latest app to cut jobs as Covid-19 takes toll

The Straits Times understands that the impact on Gojek's team in Singapore is minimal. This means that the startup that was founded by Nadiem Makarim will foc...

Gold Prices Surge To Another Record, Silver Stumbles

On the other hand, the silver rates plunged with the futures losing around 0.14%. Futures rallied to just shy of the level last seen at the end of 2011, the y...

Trump says 'China trade deal is fully intact'

Navarro clarified after the interview to Fox News that he was saying the "trust" between the two nations is "over", not the trade deal. A senior administratio...