Économie

United Kingdom jobless rate rises to 4.1% as virus effects take hold

United Kingdom jobless rate rises to 4.1% as virus effects take hold Statistics from the Office for National Statistics shows that the unemployment rate for people aged 16 and over increased to 4.6% (128,000) over that period, a 0.1% increase on the previous quarter. Unemployment in the region for the three months to July was however down 1,000 to 129,000 for the three months to the end of July - 4.4 per cent of the working population. [Full Article...]

Yoshihide Suga wins party vote for Japan prime minister

Yoshihide Suga wins party vote for Japan prime minister Suga is nearly certain to succeed Abe Shinzo as prime minister following a vote in the Diet on Wednesday. Abe announced last month that he would resign due to health problems. He also says he seeks to build a nation of "self-support, mutual support then public support", raising concerns of having a vision of a government that is cold to the weak and the needy. [Full Article...]

EU to delay euro clearing decision on Brexit divorce threat

EU to delay euro clearing decision on Brexit divorce threat The Tory MP for Torridge and West Devon said tariffs and customs procedures on certain goods entering Northern Ireland from Great Britain were an "unpalatable but inescapable" feature of the original agreement. "We have a duty to uphold the rule of law". Rehman Chishti, the prime minister's special envoy on freedom of religion and belief, has resigned in protest at the Internal Market Bill and i... [Full Article...]

United States curbs some imports from China's Xinjiang, citing forced labor

United States curbs some imports from China's Xinjiang, citing forced labor Other products linked to Chinese forced labor in the past have included artificial flowers, bricks, Christmas decorations, coal, fireworks, footwear, garments and nails, according to a report from the U.S. Customs and Border Protection. The Trump administration has over the past year issued eight of what are known as "withhold release orders", on goods from China to block goods tainted by f... [Full Article...]

Wall Street closes broadly higher on deal news, Covid-19 vaccine hopes

Wall Street closes broadly higher on deal news, Covid-19 vaccine hopes Goldman Sachs forecasts that the S&P 500, which came within 20 points of the 3,600 year-end target before retreating, will rise to 3,600 by the end of the 2020 and 3,800 by mid-year 2021, driven by improving earnings prospects and a declining risk premium. [Full Article...]

Nikola reveals depression after covering rejection of short-seller record

Nikola reveals depression after covering rejection of short-seller record GM said on Thursday after the Hindenburg report that it stood by the comments it had made in announcing the alliance and it was "fully confident" in Nikola. That set off a two-day plunge in the stock that sent it back below the US$33.75 close on June 4 when it gained its public listing. The short-seller also accused Milton of nepotism. [Full Article...]

Belarusian security forces detain at least 20 people during protests in Minsk

Belarusian security forces detain at least 20 people during protests in Minsk Key opposition figures have since either been jailed or fled the country. The opposition that united behind Sviatlana Tsikhanouskaya, who's now in exile in Lithuania, says she won the election and wants Lukashenko to begin talks on handing over power. [Full Article...]

China prefers rather to sink TikTok than sell it under pressure

China prefers rather to sink TikTok than sell it under pressure Multiple people familiar with the matter have told Reuters that China is in direct opposition to a forced sale of TikTok . "I would take him at his word", Kudlow said , referring to Trump. If no deal by September 20? The President has said if a deal isn't done by the specified date then he'll shut down TikTok . The acquisition of TikTok , which boasts 100 million USA users, offers Mic... [Full Article...]

Rio Tinto boss Jean-Sebastien Jacques quits after destruction of Aboriginal site

Rio Tinto boss Jean-Sebastien Jacques quits after destruction of Aboriginal site Chief Executive Ian Silk said the fund was "satisfied that appropriate responsibility has now been taken by executives at Rio Tinto ", although nothing could "undo the destruction of the profoundly cultural significant sites in the Juukan Gorge, and the impact on the traditional owners of the land, the PKKP people". [Full Article...]

Louis Vuitton Owner sues Tiffany over fumbling the pandemic response & deal

Louis Vuitton Owner sues Tiffany over fumbling the pandemic response & deal French luxury giant LVMH said Thursday it would counter-sue USA jeweller Tiffany , accusing it of "dishonesty" as their plans for a sparkling tie-up descended into bitter recrimination. On Thursday, LVMH called off the acquisition and Tiffany responded by saying it would take legal action to push the deal through. "The long preparation of this assignment demonstrates the dishonesty of ... [Full Article...]

Senate Democrats block Republican 'skinny' COVID-19 relief bill

Senate Democrats block Republican 'skinny' COVID-19 relief bill Sen. Ron Wyden, D-Ore., speaks during a Senate Finance Committee hearing on Capitol Hill in Washington , Tuesday, June 30, 2020, on the 2020 filing season and COVID-19 recovery. With fewer than two months until the election, the odds for a massive stimulus compromise meant to help bolster small businesses, provide additional unemployment benefits and give more money to schools as they adapt amid ... [Full Article...]

US Stocks - Profit-Taking Continues as High-Flying Tech Shares Remain Under Pressure

US Stocks - Profit-Taking Continues as High-Flying Tech Shares Remain Under Pressure Wednesday's positive moves came despite news that AstraZeneca's late-stage trial of its Covid-19 vaccine candidate had been paused as a result of a suspected serious adverse reaction in a participant. SoftBank has fallen about 12 percent since sources told Reuters and other media late last week that it built up stakes in major USA tech companies - which have surged in recent months - worth app... [Full Article...]

Belarus opposition figure urges probe into 'abduction

Belarus opposition figure urges probe into 'abduction Mr Znak had time only to text message "masks" before they took the phone away from him, Mr German said. Belarusian President Alexander Lukashenko said that he has no intention of ceding power and will not let it "lie in the mud", TASS reports. [Full Article...]

Belarus opposition leader detained after resisting forced exile to Ukraine

Belarus opposition leader detained after resisting forced exile to Ukraine A witness told local media she was snatched from the street and bundled into a minibus in the centre of the capital. Russian President Vladimir Putin has said he stands ready to send police to Belarus on Lukashenko's request if rallies turn violent but there is no need for that yet. [Full Article...]

Senate could vote on coronavirus relief bill later this week

Senate could vote on coronavirus relief bill later this week It's only a procedural vote and not an actual vote to pass the bill as written. With Democrats holding out for a far more comprehensive bill to further stimulate the economy and help battle the coronavirus , McConnell said in a Senate floor speech: "We want to agree, where bipartisanship is possible ... [Full Article...]

Facebook Employees to Continue Working from Home until the End of 2020

Several companies in the USA tech sector have extended work-from-home for employees in recent days. The same case was established for companies like Google and Facebook. In terms of consequences, Naficy says that this "means companies will need to adjust to this new normal to make sure they are providing the right level of mentorship and guidance to their staff". [Full Article...]

General Motors to take stake in Nikola electric truck company

General Motors to take stake in Nikola electric truck company The partnership names GM as the exclusive fuel cell supplier for Nikola's upcoming class 7/8 trucks. Under the venture, GM's battery and fuel cell technology will be employed in the Badger and subsequently in other Nikola vehicles. Many investors had expected Tesla's recent stock split and profit - the first time it has had four consecutive quarters in the black - to clear the way for entry ,... [Full Article...]

No Brexit deal is a 'good outcome' says British PM

No Brexit deal is a 'good outcome' says British PM The UK formally left the European Union back in January with the transition period in place until the end of the year. However, British Prime Minister Boris Johnson , according to local media reports, talked tough on the deal negotiations with the EU. [Full Article...]

Unemployment dips as 246000 jobs added in August: StatCan

Unemployment dips as 246000 jobs added in August: StatCan Only Toronto is in between the two Alberta cities with a rate of 13.9 per cent. The agency nevertheless observed strong employment growth among South Asian Canadians, with their unemployment rate falling 2.9 per cent from July. While encouraging, the figure shows that many people who have been laid off or let go during the pandemic are not yet back to work. The country started to add 290,000 job... [Full Article...]

10/80 new special trains to pass through Nagpur

10/80 new special trains to pass through Nagpur Yadav said while the average occupancy for the existing 230 special trains was around 75% on an average, it has now increased to over 80%. "While deciding the routes we took note of some factors including the routes where the demand is high and also considered the Shramik Specials that were run to take migrant workers back to their native places". [Full Article...]


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