Économie

Robo-debts totalling $721m to be paid back

Robo-debts totalling $721m to be paid back Minister for Government Service Stuart Robert said affected welfare recipients "do not need to do anything" to receive their refund. "Anyone with questions about their income compliance review can call 1800 061 838", he said. The controversial system was ruled unlawful past year, with the Federal Court saying Centrelink could not have been satisfied the debt was correct. [Full Article...]

Cisco set to acquire ThousandEyes

Cisco set to acquire ThousandEyes Incidentally, this isn't Cisco's solo acquisition in recent times, as it has lately been on a buyout spree. Cisco Systems has confirmed it will acquire privately held ThousandEyes, as it seeks to improve network visibility in a world increasingly reliant on Internet-connectivity. [Full Article...]

Ford's New Software Will Use Heat To Disinfect Police Cruisers

Ford's New Software Will Use Heat To Disinfect Police Cruisers First the engine is allowed to heat up, then the heat and fan settings are set to high. Additionally, the instrument the cluster displays the system's progress. Once officers have exited the vehicle, the Police Interceptor Utility will begin to warm the engine to a specific degree. "Law enforcement officers are being dispatched as emergency responders in some cases where ambulances may not be ... [Full Article...]

BMW teases new 4 Series Coupe ahead of full unveiling next week

BMW teases new 4 Series Coupe ahead of full unveiling next week The vertical grille slats are more pronounced and extend further into the air flow. BMW on Wednesday unveiled the face-lifted 5 and 6 Series models in South Korea to show its "strong and unwavering" commitment to the Northeast Asian market due to robust demand for its models. [Full Article...]

United States consumer spending tanks; savings hit record high

United States consumer spending tanks; savings hit record high The US savings rate, however, soared to record heights as Americans hoarded more money than ever before . Consumer spending accounts for more than two-thirds of USA economic activity, and that plunge supports expectations that the economy could shrink in the second quarter at its steepest pace since the Great Depression. [Full Article...]

Présentation du plan de transformation — Renault

Présentation du plan de transformation — Renault Le reste proviendra de la rationnalisation des activités d'ingénierie, avec notamment une réorganisation du technocentre de Guyancourt (Yvelines) et des coupes dans les frais généraux et marketing. La direction de la Fonderie de Bretagne et la CGT ont annoncé vendredi à Lorient que l'usine de Caudan ne fermerait pas, face à des employés parfois en pleurs. [Full Article...]

New York Stock Exchange reopened its floor after a two month closure

New York Stock Exchange reopened its floor after a two month closure Moreover, all those coming into the NYSE will be asked to avoid public transportation during their commute. Personal protective equipment like face masks will be required, and social distancing guidelines will be in place along with hand sanitizer dispensers and plastic barriers a common presence on the floor. [Full Article...]

Renault-Nissan-Mitsubishi plan to deepen cooperation

Renault-Nissan-Mitsubishi plan to deepen cooperation The carmakers will adopt a "leader-follower scheme to enhance efficiency and competitiveness" while also letting one take the lead in each region of the world. The alliance says it wants to find efficiencies across the group, particularly by running factories at full capacity. Renault will handle next-generation B-SUVs, A/B passenger cars and electric powertrains for each of these segments. [Full Article...]

BMW 5 Series sedan and 6 Series Gran Turismo break cover

BMW 5 Series sedan and 6 Series Gran Turismo break cover The 2021 530e and 530e xDrive come with a 181 horsepower 2.0-litre gas engine with a 107 HP electric drive unit, paired with a 12 kWh battery and an 8-speed automatic transmission. The starter-generator provides smooth start/stop operation, allows for coasting between 16 and 99 miles per hour, recovers energy during coasting and braking, and adds 11 hp to help the engine operate more efficiently... [Full Article...]

How major United States stock indexes fared Wednesday

How major United States stock indexes fared Wednesday US stocks surged upward again Wednesday, producing a second consecutive day of more than a 500 point gain in the Dow Jones Industrial Average. Secretary of State Mike Pompeo said Wednesday that Hong Kong no longer warrants special treatment under USA law as it did when it was under British rule, potentially a big blow to its status as a major financial hub. [Full Article...]

Google targets 30% office capacity in September

Google targets 30% office capacity in September Staff returning to these buildings will do so on a rotating basis, with employees set to go into the office "one day every couple of weeks" to ensure occupancy remains at around 10%. The company will focus first on those who need to work out of the office and let others who want to do so in if space permits. Google CEO Sundar Pichai said there are a limited number of employees whose roles are ne... [Full Article...]

America's largest airline LATAM files for USA bankruptcy protection

LATAM is the latest corporate victim of the coronavirus pandemic that has brought a virtual halt to air travel , joining Colombia's Avianca Holdings SA and Australia's Virgin Australia Holdings Ltd in bankruptcy protection as it seeks to restructure its debt. [Full Article...]

Work from Home: Permanent WFH - Most Tech Companies Still Deciding

Work from Home: Permanent WFH - Most Tech Companies Still Deciding Facebook has announced that it has forwarded the note to many of its employees to work from home permanently. Zuckerberg said Facebook employees were recently asked to respond to a survey about the change, and 50 percent said they were as productive working from home as they were at the office. [Full Article...]

China blames USA for North Korea talks stalemate

China blames USA for North Korea talks stalemate Relations between Washington and Beijing recently deteriorated as the USA accused China of misinformation about the coronavirus crisis. China's President Xi Jinping has insisted such an investigation will not be allowed until the pandemic boils over. [Full Article...]

Canada roasts attendees of mass gathering at Trinity Bellwoods Park

Canada roasts attendees of mass gathering at Trinity Bellwoods Park While Ford commended Tory for "working his back off" during the pandemic, he said that it's now "up to the mayor" if he wants to get tested for COVID-19. "I know from talking to them tonight these are smart people who simply have to do better going forward". " Toronto , this will not end well if we don't all do our part and respect physical distancing", Toronto Board of Health chair Joe Cressy... [Full Article...]

German government, Lufthansa agree on 9 billion euro aid package

German government, Lufthansa agree on 9 billion euro aid package Lufthansa will commit to repay the state's "silent" capital injection, plus interest, in exchange for the WSF selling its stake on the market by December 31 2023. that's what we would like to achieve in Brussels in the coming days". The company's trading statement said that the deal has not been approved by the European Commission, which could set conditions meant to preserve fair competition. [Full Article...]

Les entreprises assumeront 15% du coût dès le 1er juin — Chômage partiel

Les entreprises assumeront 15% du coût dès le 1er juin — Chômage partiel Les entreprises assumeront 15% des indemnités de chômage partiel versées aux salariées à compter du 1er juin, a annoncé ce lundi le ministère du Travail dans un communiqué. Le Medef s'oppose à la décision du gouvernement de réduire progressivement à partir de juin ce dispositif de soutien au chômage partiel qui a permis d'éviter une explosion du chômage en France, dont l'économie a été frappé... [Full Article...]

U.S. Could Start Rolling Out Coronavirus Vaccine by December: Fauci

U.S. Could Start Rolling Out Coronavirus Vaccine by December: Fauci It protected mice from lung infections. Companies that pass phase one trials, including Oxford and Moderna , will shift to massive phase two trials rather than the small trials that are typical. He has at times downplayed the seriousness of the pandemic and encouraged public protests against his government's own stay-at-home guidelines meant to slow the pathogen's spread. [Full Article...]

Oxford's COVID-19 vaccine trial has 50% chance of success

Oxford's COVID-19 vaccine trial has 50% chance of success Adam Finn , honorary consultant at Bristol Royal Hospital for Children, professor of paediatrics at the University of Bristol and director of the Bristol Children's Vaccine Centre at Bristol Medical School , said: "We are delighted to be supporting our colleagues in Oxford by collaborating on this extremely important study". [Full Article...]

Reuters/Ipsos poll: A quarter of Americans are hesitant about a coronavirus vaccine

Reuters/Ipsos poll: A quarter of Americans are hesitant about a coronavirus vaccine Small bottles labelled with a 'VaccineCovid-19 sticker and a medical syringe are seen in this illustration taken April 10, 2020. "If states and cities and counties are going to [open] no matter what, I would recommend that they take very specific precautions in doing that", he said. [Full Article...]


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