Economists had forecast output prices to fall 0.6 percent on year but to rise 0.2 percent on month in December. Meanwhile, transport prices lifted as some travel restrictions eased earlier in December and air fares rose month-on-month despite the pandemic curbing most worldwide travel.
The bank made provisions and contingencies amounting to ₹3,414.1 crore consisting of specific loan provisions of ₹2,883.6 crore and general and other provisions of ₹159.9 crore, for the December quarter. The domestic brokerage firm said that HDFC Bank has delivered strong business growth as the economy continues to recover from the COVID-19 pandemic shock.
As Victorians stranded in Brisbane start to return home, tensions are rising again over the border restrictions preventing travel between Victoria and parts of NSW. Greater Brisbane, which emerged from a three-day lockdown earlier this week, also remains a red zone. The city was placed on alert after six cases of the United Kingdom strain of coronavirus were discovered in January linked to hotel quarantine.
Stimulus payment checks would be issued for $1,400 - topping up the $600 checks issued under the last congressional stimulus legislation. "After almost a year of the public health crisis, our nation remains in this dark winter of the pandemic and facing a deep economic crisis", reads a statement from Biden's transition team.
Twitter said in a statement on its blog on Friday it had chose to take action against Trump's account after a review of two of the president's tweets posted that day found they had violated its glorification of violence policy. Facebook and Twitter have suspended Trump's accounts indefinitely. Other social media platforms have taken actions against Trump in the last couple of days.
The pan-European STOXX 600 index lost 0.67%. In Asia, the largest MSCI index of Asia-Pacific stocks excluding Japan fell 0.2%, after jumping 5% last week to record highs. The euro pulled back to US$1.2185 from a recent top of US$1.2349, but has support around US$1.2190. Rising market volatility and demand for safe-haven currencies could be exacerbating US Dollar buying pressure as well.
The is basically hardware-ready for autonomous driving and the features will be offered through a monthly subscription for 680 yuan. Meanwhile, performance should be equally awe-inducing, with dual electric motors (255PS front+408PS rear) putting out a combined 653PS and 850Nm torque, good for a 0-100kmph run in 3.9 seconds, no mean feat considering the ET7 measures in at 5,098mm long, with a 3,060mm long wheelbase.
After Google announced it was banning Parler, a social media network, from its app store for inciting violence, CEO John Matze said the ban was "a awful way to handle this". Parler's user agreement states that it may terminate accounts or remove content that engages in illegal conduct or endeavours to "infringe the legal rights of others".
The latest rally in the Dow , S&P 500 and Nasdaq overcame labor market data early in the day that showed the US economy shed jobs for the first time in eight months in December as the country buckled under the COVID-19 onslaught. Some Wall Street bankers, however, expect a pullback in the near-term as exuberance from unprecedented monetary and fiscal stimulus have led to "frothy" asset prices.
Its ascent could also be attributed an announcement by PayPal in October which granted crypto traders the ability to buy and sell Bitcoin and other virtual currencies using their PayPal accounts . Bitcoin not only came out unscathed from the coronavirus pandemic but also continues to create new ATHs, a testimony to the increasing amount of trust it enjoys in the eyes of institutional investors and alike.
Mnuchin said the direct deposits payments will be distributed to some Americans tonight and run through the end of next week, while physical checks will be mailed out Wednesday, December 30. A family of four, however, could get up to $2,400 in stimulus payment. Plus, eligible individuals will receive $600 for each of their under-17 dependents.
ECONOMYNEXT- The World Health Organization ( WHO ) has listed Pfizer and BioNTech's COVID-19 vaccine for emergency use, in order to speed access in the developing world, Reuters reported. More than 50 million doses of the AstraZeneca vaccine have already been stockpiled by its local manufacturer, Serum Institute of India (SII), and one of the sources said the shots could start to be transported from cold storage to Indian states as early as Saturday.
The nation left the bloc on January 31 but has been in a standstill transition while it sought a free-trade agreement - which was finally clinched on Christmas Eve and was approved by lawmakers on Wednesday. Meanwhile, oil investors were shaken as the commodity sold off in April and the price USA oil to be delivered in May turned negative as oversupply, storage concerns and worries about demand during the pandemic coincided.
Speaking to the Financial Times on Wednesday, Valdis Dombrovskis, the EU's trade commissioner, cautioned that the deal "is not a panacea to address all challenges linked to China, but it brings a number of welcome improvements". Stressing China's commitment to fostering a new development paradigm will provide more market opportunities and cooperation potential for the European Union and the world at large, Xi called on the European Union to uphold free trade and multilateralism, and provide an ...
The Black Country and West Birmingham CCG is among several understood to have vowed to continue with the original three-week schedule, defying the new edict. "From the data that was available, there was indication that the vaccine was effective in older people as well", he said. They have robust data and in India and the same vaccine is being developed by the Serum Institute of India.
It then received an unopposed third reading in the House of Lords after almost eight hours of debate. The House of Lords will also debate the bill later. On this, Ms von der Leyen said: "It has been a long road". The U.K. left the European Union nearly a year ago, but remained within the bloc's economic embrace during a transition period that ends at midnight Brussels time - 11 p.m.in London - on Thursday.
Here are five facts about the much-anticipated vaccine. Anna Marriot is Health Policy Manager at the aid group Oxfam. The news comes as the country battles a huge surge in cases, including some caused by a new variant of the virus which is thought to spread more quickly.
The trade ministers of the two countries signed the agreement in a televised videoconference call. EU ambassadors and politicians on both sides of the English Channel will now pore over the " EU-UK Trade and Cooperation Agreement ", which contains over 1,246 pages of text.
The defence bill, known as the National Defense Authorization Act, or NDAA, affirms three per cent pay raises for USA troops and authorizes more than $740 billion in military programs and construction. If successful, it would be the first veto override of Mr Trump's presidency. Speaker of the House Nancy Pelosi (D-CA) speaks during a press conference on Capitol Hill on December 20, 2020 in Washington, DC.
With a 322-87 vote, the House easily passed the threshold of a two-thirds majority to override the president's veto of the 741-billion-U.S. -dollar National Defense Authorization Act (NDAA) of Fiscal Year 2021. Meantime the government funding portion of the bill keeps federal agencies nationwide running without dramatic changes until September 30. President-elect Joe Biden told reporters at an event in Wilmington, Delaware, that he supported the $2,000 checks.
Biden campaigned as more of a clean energy advocate than President Trump, which could speak to the sudden rise in Tesla stock. Amazon's Jeff Bezos is first on the list at $182 billion. As of Monday's close, Tesla was priced on the Nasdaq at US$521.8bn which gave it a market capitalisation of US$494bn. Environmentalist group Gruene Liga Brandenburg (Green League of Brandenburg) then took Tesla to court after Germany's environment ministry granted the company permission to continue ...
According to the source OR authorities link 2 virus outbreaks to one person. Instead, public health officials say a single person who went to work sick sparked the spread through "super spreader actions". Please support us to protect the future of community journalism. Although many offices closed during the early stages of the pandemic leading to many employees working from home for months to curb the spread of the virus, as the pandemic has continues to drag on, some offices reopened which ...
The first two cases of the new coronavirus strain that emerged in the United Kingdom earlier this month have been confirmed in Canada, Ontario authorities announced in a statement. In Quebec, a province-wide lockdown went into effect Friday, with businesses deemed non-essential ordered to remain closed until at least January 11.
The news release noted the discovery of the variant was "not unexpected" due to inbound worldwide travel . For now, flights from the United Kingdom are suspended in Canada until at least January 6. The numbers come as Ontarians prepare for a province-wide lockdown that is set to take effect on December 26. The province did not publish data on the number of new infections or deaths on Friday or Saturday.
SHAPIRO: So what's in this deal? French Europe minister Clement Beaune said it was a "good agreement " and stressed the European Union had not accepted a deal "at all costs". URSULA VON DER LEYEN: I know this is a hard day for some. She struck a subdued tone when she used a line from Romeo and Juliet to express her mood, saying "parting is such sweet sorrow".
Once accounting for a third of India's gross domestic product, they now account for only 15% of the country's $2.9 trillion economy. While the Prime Minister defended the laws and urged farmers for talks, defence minister Rajnath tried to woo them by saying that the government would amend the laws after an year if they were not found beneficial.