Economy

The Top 100 Best Companies to Work For in 2020 Revealed

The Top 100 Best Companies to Work For in 2020 Revealed This year, the company ranked number 33. The company's Canadian subsidiary, FCT, has been named by Great Place to Work to the "Best Workplaces™ in Canada - 1000+ Employees" list for five consecutive years (2015, 2016, 2017, 2018 and 2019), and to the 2020 list of Best Workplaces™ for Inclusion. [Full Article...]

Hong Kong shoppers snap up rice and noodles as coronavirus fears mount

Hong Kong shoppers snap up rice and noodles as coronavirus fears mount Hong Kong's pro-Beijing leadership, which now has record-low approval ratings after months of pro-democracy protests, had been reluctant to make such a move. The death toll in China from the novel coronavirus outbreak climbed to 425, the country's National Health Commission (NHC) said on February 4. Buyers queuing up in a pharmacy in central Hong Kong on Friday to buy tissue paper felt compel... [Full Article...]

Boris Johnson ready for battle with Brussels over trade

Boris Johnson ready for battle with Brussels over trade But what he labels "mumbo-jumbo" is not anti-American at all, it is rather a deep-seated opposition to allowing the import of meat made in atrocious conditions, GM foods, higher medicine prices, cancer-causing chemicals, and handing over vast swathes of our society to big business", added Nick Dearden of Global Justice Now , an organisation which develops research of free trade. [Full Article...]

Facebook Launches Tool To Delete Third-Party Data Used For Ad-Targeting

Facebook Launches Tool To Delete Third-Party Data Used For Ad-Targeting Facebook says it is able to offer its platform for free because of the money it earns from advertising. The share price fell from $223, Facebook's highest-ever point, to trade at around $210 on Thursday. That's the only way you can keep your Facebook Messenger account going. (Net income grew 19% in the third quarter of 2019.) Facebook's operating margin in Q4 was 42% (versus 46% a year prior)... [Full Article...]

Boeing supplier Spirit Aerosystems to restart production of 737 Max parts

Boeing supplier Spirit Aerosystems to restart production of 737 Max parts Spirit AeroSystems SPR.N on Thursday said its chief financial officer had resigned after the company identified some accounting irregularities, adding to the woes of the aero-parts maker as it grapples with the 737 MAX crisis. -China trade war , prompting the company to cut production, hurting cash flow at a time when its debt is mounting. Boeing released figures on January 14 that showed a n... [Full Article...]

Trump Touts Trade Triumphs at Farm Bureau Meeting

Trump Touts Trade Triumphs at Farm Bureau Meeting United States President Donald Trump on January 19 hailed the "Phase one" trade deal with China for improving relations between both the nations and said that it was "much better" than he had expected. The USMCA replaces the 25-year-old North American Free Trade agreement , known as NAFTA. The United States-Mexico-Canada Agreement includes new provisions for digital commerce and more string... [Full Article...]

ND leaders react as President Trump signs trade deal with China

ND leaders react as President Trump signs trade deal with China The " phase one " deal is also a boon for Donald Trump as he faces an impeachment trial and a tough re-election fight this year, with the United States president hailing the agreement as "momentous". Washington dropped plans for additional punitive tariffs on Chinese goods in the fight over Beijing's technology ambitions and trade surplus that threatens to depress global economic growth. [Full Article...]

U.S. stocks decline amid soft jobs data

U.S. stocks decline amid soft jobs data The S&P 500 fell 9.35 points, or 0.3%, to 3,265.35. Among the 11-major S&P 500 sectors, falling US Treasury bond yields and crude oil prices continue to force the Financials Index and the Energy Index stay in the negative territory. Across markets, worries about a recession have faded since previous year as central banks cut interest rates and pumped stimulus into the global economy. [Full Article...]

Iran Will "Never" Have A Nuclear Weapon, Says Donald Trump

Iran Will The administration first prepared the sanctions in December, before tensions escalated between the USA and Iran, leading to the January 2 US airstrike in Baghdad that killed top Iranian general Qassem Soleimani . "This was going to happen, and American lives were at risk", he said. These are just the latest sanctions the Trump administration has placed on Iran in an effort to punish Tehran fo... [Full Article...]

Govt increases petrol price by Rs2.61per litre

Govt increases petrol price by Rs2.61per litre Light diesel will now be sold at Rs84.51 per litre after an increase of Rs2.08. The fuel price drop will come into effect on New Year's Day. The price list on QP website showed that premium grade petrol will cost QR1.75 per litre and Super will be available for QR1.90 per litre, the same as December. [Full Article...]

S&P 500 index closes out 10th winning week in the past 11

S&P 500 index closes out 10th winning week in the past 11 The benchmark index hit record highs for the past five consecutive sessions in its longest streak since January 2018. Losses in banks, industrial stocks, household goods makers and technology companies helped pull the market lower. With no major catalysts expected and back-to-back shortened trading weeks coming up, USA market activity is likely to be light as many traders pause to celebrate the ... [Full Article...]

The US Has Reached a Trade Deal "In Principle" with China

The US Has Reached a Trade Deal The announcement came two days before $160 billion in new US levies on Chinese products were set to take effect. If it is signed, Trump's long-awaited deal will be a relief to Apple, among the USA companies with the most to lose in the trade war between the world's two largest economies, along with chipmakers who make the components in its devices, which are mostly made in China . [Full Article...]

Holden has killed off the Commodore

Holden has killed off the Commodore The VF may have been the last Aussie Commodore, but the ZB is the last over all. The current Commodore is a twin to the Buick Regal sold in the United States and China and the Opel Insignia sold in Europe. A further 15 models were subsequently introduced, during which time the word "Commodore" nearly became synonymous with Holden itself. "But now with more choice than ever before, customers are ... [Full Article...]

John Properties employees receive $10M in bonuses

John Properties employees receive $10M in bonuses The firm's president said the company chose to thank all the employees for helping it achieve its goal. "I couldn't think of a better way to show it", he commented, adding "Without the team, we are nothing". John Properties announced the bonuses at the company's holiday party. I do not even have words to properly describe how I felt, it was just fantastic and incredible. [Full Article...]

Pound euro exchange rate steady as Brexit uncertainty hits United Kingdom economic growth

Pound euro exchange rate steady as Brexit uncertainty hits United Kingdom economic growth Services, which make up about three quarters of the United Kingdom economy, expanded by 0.2% but manufacturing, construction and agriculture all shrank. Gross domestic product rose by 0.7% compared with October 2018, the weakest growth since March 2012, when Britain was still trying to shake off the effects of the global financial crisis. [Full Article...]

Saudi oil giant Aramco announces world's largest IPO

Saudi oil giant Aramco announces world's largest IPO That could lead to confidence in the Saudi economy and generate billions of dollars in capital to invest in job-creating projects, analysts say. "The Saudi Stock Exchange ( Tadawul ) announces that the listing and trading of the Saudi Arabian Oil Company ( Saudi Aramco ) will start on Wednesday", the bourse said in a statement yesterday. [Full Article...]

Dollar shines after blockbuster U.S. jobs report; data backs steady Fed

Dollar shines after blockbuster U.S. jobs report; data backs steady Fed Holiday hiring and the end of the General Motors strike drove down unemployment in November, according to numbers released Friday by the federal Bureau of Labor Statistics . US stocks were trading higher while the dollar.DXY gained against a basket of currencies. For months, it had been stated that the jobs market was resilient but following this report , analysts could make the case that ... [Full Article...]

Almost 6,000 United States sexual assaults reported to Uber in 2017 and 2018

Almost 6,000 United States sexual assaults reported to Uber in 2017 and 2018 Regulators in London cited uncertainty about Uber's ability to ensure the well-being of its passengers as a reason they revoked the company's license to operate there last week. The assault claims reported to Uber ranged from unwanted kissing to forcible penetration. Uber will be able to continue operating in the United Kingdom capital as it appeals the decision. [Full Article...]

OPEC nations, Russian Federation look to cut oil output to lift prices

OPEC nations, Russian Federation look to cut oil output to lift prices The cuts next year are in addition to OPEC's previous cut agreement of 1.2 million bpd and represent about 1.7% of global oil output. Earlier this week, media reported that Saudi Arabia as a key OPEC member planned to increase oil cuts 400,000 barrels per day and insist on stricter compliance with the current cuts as some countries, including Iraq and Nigeria, produced well above their quotas,... [Full Article...]

OPEC+ to debate oil-cut cheating; Russian Federation seeks change

OPEC+ to debate oil-cut cheating; Russian Federation seeks change Global benchmark Brent crude was trading at $61.28 per barrel at 0623 GMT on Wednesday for a 0.13% gain after it closed Tuesday at $61.20 a barrel. U.S. But some nations such as Iraq have been ignoring the agreement and producing more than their allotted amount. "If they just keep the existing situation, then you get this massive oversupply", said Jacques Rousseau, managing director at Clearvi... [Full Article...]


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