Économie

Ottawa's jobless rate up slightly to 9.2% in August

Ottawa's jobless rate up slightly to 9.2% in August The biggest losses month-over-month were found in the sector covering the oil industry, which recorded 800 lost jobs since July. Inside the capital region, the health of key job sectors varied widely. The unemployment rate fell to 10.2 per cent in August compared with 10.9 per cent in July. It was also a good month for the province overall, which saw a drop from 11.1 per cent in July to 10.7 p... [Full Article...]

Des masques transparents pour les enseignants des écoles maternelles — Coronavirus

Des masques transparents pour les enseignants des écoles maternelles — Coronavirus La secrétaire d'État aux personnes handicapées , Sophie Cluzel , a déclaré que "plus de 100.000 masques [transparents] seront fabriqués d'ici la fin du mois " de septembre, dans un entretien avec le JDD paru dimanche. Ces masques devraient par la suite servir à tous les agents au contact du public. "Nous pouvons passer des commandes, mais aujourd'hui, nous sommes limités en termes de produc... [Full Article...]

Amazon removes 20K product reviews to fight fake ratings

Amazon removes 20K product reviews to fight fake ratings Mr Fryer then seemingly sold numerous same products on eBay , making nearly £20,000. The company took down 20,000 product reviews following an investigation by the Financial Times . "We want Amazon customers to shop with confidence knowing that the reviews they're reading are original and relevant", they said. The company was alerted to Fryer's activity in early August because at least one Ama... [Full Article...]

USA jobless rate drops to 8.4pc

USA jobless rate drops to 8.4pc Bureau of Labor Statistics (BLS) non-farm payroll survey for August. Meanwhile, the unemployment rate for the entire country was at 10.2 per cent in August, down 0.7 per cent over July. At 11.8 per cent, August's unemployment rate locally was still up by roughly 87 per cent since the start of pandemic lockdowns in March. That includes millions of gig workers and self-employed people who are ... [Full Article...]

How major USA stock indexes fared Friday

How major USA stock indexes fared Friday Visit Business Insider's homepage for more stories . Nasdaq had powered the stock market's stellar recovery from the coronavirus-led crash, climbing as much as 82% from March lows while the benchmark S&P 500 and Dow had surged about 60% from their troughs. [Full Article...]

Windsor unemployment rate continues steady decline

The Labor Department reported 881,000 new filings for aid in the week ended August 29, but the report is the first to use a new seasonal adjustment formula, which analysts say may account for much of the week-on-week drop. MGM Resorts is laying off 18,000, about a fourth of its United States staff. Coca-Cola, heavily reliant on entertainment venues, is offering buyouts to 4,000. [Full Article...]

NewsAlert: Economy added 246,000 jobs in August, unemployment rate 10.2%

NewsAlert: Economy added 246,000 jobs in August, unemployment rate 10.2% The data showed the insured unemployment rate fell 0.8 point to 9.1 percent with 13.3 million people receiving benefits in the week ended August 22, the latest for which data was available. Still, the trend is mostly pointing in the right direction: The US jobs market is gradually recovering from the pandemic lockdown shock. More Canadians headed into work instead of their home office, Statistic... [Full Article...]

Tech Stumble Sends Stock Market Sharply Lower

Tech Stumble Sends Stock Market Sharply Lower Economists surveyed by FactSet forecast that the USA economy created 1.4 million jobs in August, but that would be down from 1.74 million jobs in July. On Wednesday, the Dow surged 454.84 points, or 1.6%, ending at 29,100.50, or 1.5% away from its February 12 closing high of 29,551.42. Some of the tech high flyers racked up more losses Friday. [Full Article...]

Alabama unemployment claims dip 10 percent from 2 weeks ago

Alabama unemployment claims dip 10 percent from 2 weeks ago Another 20,176 New Jersey workers filed new unemployment claims for the week ending in August 29, a number that remained steady for the second week in a row , the state Department of Labor announced Thursday. "The level of new and continuing claims remains elevated, signaling the labor market continues to experience a significant degree of disruption". "This is just really more of a catch-up to... [Full Article...]

Japan: Cargo ship carrying 43 crew and 5,800 cows missing in typhoon

Japan: Cargo ship carrying 43 crew and 5,800 cows missing in typhoon According to Edvarodo, who is able to walk and in good health, the ship lost an engine before it was hit by a wave and capsized , a coastguard spokeswoman said. Shipping data last showed the Gulf Livestock 1 vessel near Japan. "To make matters worse they're likely all pregnant", said Marianne Macdonald, campaigns manager for animal rights group SAFE NZ. [Full Article...]

S&P trades to a new session high/all-time new highs

S&P trades to a new session high/all-time new highs Focus will now be on the government's comprehensive employment report, which is slated for Friday. The benchmark S&P 500 index is up 9.5% this year following a five month streak of gains, while the Nasdaq is up more than 32%. Asian shares were mixed on Wednesday after another US rally spurred by positive economic data, even while the coronavirus pandemic has regions around the world battling reces... [Full Article...]

TikTok sale complicated by China's new export rules

TikTok sale complicated by China's new export rules Reuters reported the comments of Cui Fan, a professor of global trade at the University of worldwide Business and Economics in Beijing, who said that this new policy would also apply in case of TikTok. That set off the deal negotiations . In addition, TikTok itself last week announced it had filed legal action against the Trump administration's actions against it. [Full Article...]

India’s economic growth slips to -23.9%, first contraction in 40 years

India’s economic growth slips to -23.9%, first contraction in 40 years While the pandemic caused historic GDP contractions in economies around the world, the situation in India has been made worse by more than 78,000 new infections a day and total cases topping 35 lakh - behind only the U.S. The SBI economist pointed out that of the GDP growth data of 60 countries that has been released so far, all economies barring China and Vietnam, exhibited decline in growth. [Full Article...]

Tesla Announces its Biggest Capital Raise of $5 Billion Amid Sharp Rally

Tesla Announces its Biggest Capital Raise of $5 Billion Amid Sharp Rally Today it is about 1% of the $460 billion market value, which exceeds that of Toyota Motor Corp. and Ford Motor Co. combined. "Tech stocks are at all-time highs and the strong are getting stronger", Ives told FOX Business, adding that behemoths such as Facebook , Apple , Amazon, Google and Netflix may rally as much as 25% over the next six to nine months. [Full Article...]

Fed tweaks strategy, will allow inflation to run above 2% target

Fed tweaks strategy, will allow inflation to run above 2% target The lower interest rate environment should be supportive for gold prices, but the price action suggests investors want more short-term stimulus that would likely drive prices to new all-time highs. The central bank will no longer raise interest rates following a drop in unemployment to preemptively stamp out a rise in inflation, a practice that has been in place for decades. [Full Article...]

European Union trade commissioner steps down over Golfgate scandal

European Union trade commissioner steps down over Golfgate scandal Yet there is no guarantee Ireland will retain the trade portfolio, which is regarded as a key asset protecting the Republic's interests during Brexit trade talks with Britain. He has previously served as Ireland's commissioner for agricultural and rural development and has sat in both Ireland's Houses of Parliament. "We're very clear on all three fronts he breached the guidelines", he told repor... [Full Article...]

Another 1 million Americans file unemployment claims

Another 1 million Americans file unemployment claims The department reported 1.1 million new claims last week, which was higher than experts had predicted. Earlier this month, the number of new weekly unemployment filings dipped below the 1 million mark for the first time since March, offering a sign of hope for some. [Full Article...]

North Atlantic Treaty Organisation chief urges Russian Federation not to meddle in Belarus crisis

North Atlantic Treaty Organisation chief urges Russian Federation not to meddle in Belarus crisis The move was made under Moscow's security obligations to Minsk at the request of Alexander Lukashenko , Belarus' president, said Putin. Alexievich criticized Lukashenko, who is refusing to hold a dialogue with demonstrators, and said, "We need the world to help, and maybe Russian Federation". [Full Article...]

Twitter attaches disclaimer on Trump's 'mail drop boxes' tweet

Twitter attaches disclaimer on Trump's 'mail drop boxes' tweet Twitter's message reads "This Tweet violated the Twitter Rules about civic and election integrity". Mail-in ballots, which are expected to be used more widely by states in response to the COVID-19 pandemic, have become a partisan issue leading up to the November presidential election. [Full Article...]

President Donald Trump officially renominated for 2020 election

President Donald Trump officially renominated for 2020 election The Biden campaign on Monday announced that former Republican Senator Jeff Flake and more are joining a "Republicans for Biden" effort as they endorse the former vice president in the 2020 election, Fox News reports . Attendees sat at well-spaced tables at first and masks were mandatory, though many were seen flouting the regulation. The party voted unanimously not to adopt a policy platform fo... [Full Article...]


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