Finance

Harley-Davidson decides to wrap up India business

Harley-Davidson decides to wrap up India business The company has an assembly unit in Bawal, Haryana . In 2017, General Motors - an American multinational corporation headquartered in Detroit - wound up its operations in the country and sold its plant in Gujarat. According to an earlier report , Harley-Davidson plans to reduce its product portfolio by 30%. India was one of the markets the company at that point committed to investing in ... [Full Article...]

Tennessee initial and continuing unemployment claims continue to fall

Tennessee initial and continuing unemployment claims continue to fall Fed Chair Jerome Powell said more fiscal support was likely to be needed for the economy. Based on the latest weekly numbers, the 379 unemployment claims filed last week would indicate an actual, current jobless rate of about 5%. U.S. Treasury prices rose. "Claimants are not required to inform the department about why they may have stopped filing weekly certifications", Picard said via email. [Full Article...]

Google Extends Work From Home for Employees Through July 2021

Google Extends Work From Home for Employees Through July 2021 Pichai said he empathised with the dilemma that working families now face, especially those with young children that may need help with home-schooling. Tech companies including Facebook and Twitter have said it will allow employees to work from home indefinitely and that in the long term at least half of their workforce will not come into an office every day. [Full Article...]

United States restricts Chinese apparel and tech products, citing forced labor

United States restricts Chinese apparel and tech products, citing forced labor European Union observers are free to visit Xinjiang to "truly understand" the situation in the northwestern region where Beijing is accused of widespread rights abuses against the Uighur population, China said Tuesday. The US-China relations have deteriorated after the COVID-19 outbreak, with President Donald Trump squarely blaming Beijing for allowing the disease to spread across the world. [Full Article...]

Kamala Harris support for Jacob Blake calls #MeToo credibility into question

Kamala Harris support for Jacob Blake calls #MeToo credibility into question Labor Day holiday. "We'll have the vaccine soon, maybe before a special date". Senator Harris said the goal of her meeting with the Blake family was to "express concern for their well-being and, of course, for their brother and their son's well-being, and to let them know that they have support". [Full Article...]

Zoom stock surges, market value tops Boeing, Starbucks

Zoom stock surges, market value tops Boeing, Starbucks Its revenue in the quarter gone by more than quadrupled against the same period a year ago, the company said as it announced its earnings on August 31. That forced millions of workers and students to hop on to Zoom and other videoconferencing services to get their jobs and schoolwork done. Zoom reported higher sales and profit in the three months from May through July than it did in all of 201... [Full Article...]

Walmart to launch new membership service Walmart+ in competition with Amazon Prime

Walmart to launch new membership service Walmart+ in competition with Amazon Prime Unfortunately, Walmart's sales pitch really hinges on how much you value, or need, more access to grocery deliveries. Walmart+ will reportedly cost $12.95 per month, or $98 if you opt for the annual subscription. "Customers know they can trust us and depend on us, and we've designed this program as the ultimate life hack for them". To qualify, orders must be at least $35 (roughly Rs. [Full Article...]

United Airlines will drop $200 US ticket-change fees

United Airlines will drop $200 US ticket-change fees Although, some decreased ticket change fee will be recorded by the customers in United Airlines. Chicago-based United is among the major U.S. airlines that began implementing temporary waivers of change fees this year to give passengers more flexibility with their travel plans given the uncertainty surrounding the pandemic. [Full Article...]

NATO Secretary-General warns Putin not to interfere with Belarus’ affairs

NATO Secretary-General warns Putin not to interfere with Belarus’ affairs In an interview with state television in Moscow on Thursday, Putin warned protesters in Belarus not to push too hard to topple President Aleksandr Lukashenko, otherwise Russian Federation would send in a special reserve force of security officers to bring back order, New York Times reported. [Full Article...]

Stocks soar to record highs as coronavirus vaccine hopes build

Stocks soar to record highs as coronavirus vaccine hopes build Over the weekend, the Food and Drug Administration authorized use of convalescent plasma, the antibody-rich blood component taken from recovered COVID-19 patients, for the treatment of serious coronavirus cases. Brent crude futures rose $0.52, to $44.87 a barrel. The stock was last up 1.7%. The Dow, however, is still about 5% below its February peak. With Wall Street in the green, both the S&P... [Full Article...]

Lyft's Rideshare Suspension in California

Lyft's Rideshare Suspension in California Although Uber and Lyft won some relief, it wasn't without strings attached. Uber also sent out a notification on Wednesday evening that rideshare services were on the verge of ending in California temporarily. Assemblywoman Lorena Gonzalez (D-San Diego) called the companies' threats to leave California a "mean-spirited tactic to bully Californians into giving the companies a special exemption"... [Full Article...]

Housing market trends: Boom continues with £37 billion summer sales

Housing market trends: Boom continues with £37 billion summer sales In what Rightmove is describing as the "rulebook being rewritten", the mini boom the housing industry is now going through is accelerating rather than decreasing. Shipside concluded: "Not only are we seeing an unusually busy summer period, but also parts of the lending and legal sectors are having to cope with capacity constraints, as some staff will still be on furlough while many will still be... [Full Article...]

Turkey's Erdogan threatens Greece over energy dispute in Mediterranean

Turkey's Erdogan threatens Greece over energy dispute in Mediterranean The French armed forces ministry sent two Rafale fighter jets and the naval frigate Lafayette to the eastern Mediterranean, arriving in Crete on Thursday, according to Reuters . The mounting tension follows Turkey's deployment of a seismic research vessel, escorted by warships, into waters between the Greek island of Crete and Cyprus to prospect for potential offshore gas and oil, following s... [Full Article...]

Coronavirus punishes Warren Buffett, as Berkshire Hathaway takes big writedown By Reuters

Coronavirus punishes Warren Buffett, as Berkshire Hathaway takes big writedown By Reuters The company's 10 per cent drop in operating profit wasn't almost as precipitous as the 27 per cent decline expected by analysts at Keefe, Bruyette & Woods, and results were better than a forecast from Mr Shanahan. Berkshire also ended June with $146.6 billion of cash and equivalents, in part because Buffett exited his bet on the airline industry by selling $6 billion of stock. [Full Article...]

Gold price in Nepal reaches all-time high

Gold price in Nepal reaches all-time high Investors have flocked to the metals on surging demand for havens amid a resurgence in virus cases, slowing growth, a weaker United States dollar and negative real interest rates in the US. The approval of the European Union stimulus package and steadily improving economic and industrial activity in China, the main source of demand growth of industrial metals, has contributed to this recent optimi... [Full Article...]

CDC's No-Sail Order For Cruise Ships To Continue

CDC's No-Sail Order For Cruise Ships To Continue According to CDC reports, between March 1 and July 10, data showed 2,973 cases of Covid-19 or "Covid-like" illnesses emerged on cruise ships, with 34 deaths. In line with CLIA's announcement, CDC has extended its No Sail Order to September 30, to ensure that passenger operations on cruise ships do not resume prematurely. [Full Article...]

Tesla slashes Model Y price amid pandemic

Tesla slashes Model Y price amid pandemic Tesla created a "Standard Range" version available, but it is not listing anywhere. Tesla CEO Elon Musk has confirmed via Twitter that the Model Y Standard Range variant has been canceled due to mileage concerns. The company headed by Elon Musk this month posted a smaller-than-expected fall in vehicle deliveries in the next quarter, resilient results regardless of the pandemic that hit the g... [Full Article...]

Oil climbs as International Energy Agency boosts demand forecast

Oil climbs as International Energy Agency boosts demand forecast In the case of Iran, exports fell from 60.519 billion dollars in 2018 to almost 19.233 billion in 2019, a 68 percent decline, the survey noted. It is expected that OPEC + may agree to pump in additional 2 million barrels of oil per day from next month. [Full Article...]

Economy adds 953,000 jobs in June, unemployment rate falls

Economy adds 953,000 jobs in June, unemployment rate falls The economic reboot generated 953,000 jobs last month, almost double the estimates by analysts, who had expected on average about 550,000 new jobs. Approximately 2.5 million Canadians were unemployed in June, a decrease of 167,000 (-6.4 per cent) from May but more than double the February level (1.1 million), Statistics Canada reported. [Full Article...]

Canada Predicts Historic Deficit Due to Pandemic Spending

Canada Predicts Historic Deficit Due to Pandemic Spending We're in challenging times", Finance Minister Bill Morneau told reporters. Total debt servicing costs are expected to be $19.5 billion in 2021, down from $23.3 billion in 2019. "Representing almost 14 per cent of Canada's gross domestic product (GDP), the Plan includes more than $230 billion in measures to protect the health and safety of Canadians and provide direct support to Canadians, business... [Full Article...]


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