Business

by | November 28, 2020 | 08:17

However, despite the improvement, the Indian economy entered recession in the second quarter. " GDP at constant (2011-12) prices in Q2 of 2020-21 is estimated at Rs 33.14 lakh crores, as against Rs 35.84 lakh crores in Q2 of 2019-20, showing a contraction of 7.5 per cent as compared to 4.4% growth in Q2 of 2019-20", Ministry of Statistics & Programme Implementation said.

by | November 27, 2020 | 06:51

Market participants said they expected U.S. stocks to climb even higher, with a recent Reuters poll showing the S&P 500 is poised to rise 9% between now and the end of 2021. The S&P 500 had lifted (+1.5pc) to 3,631, while the tech-heavy Nasdaq had risen (+1.2pc) to 12,025 points. Asian markets are poised to follow USA stocks higher as uncertainty over the transition in presidential power starts to lift.

by | November 27, 2020 | 06:47

But gasoline demand for the week fell by 128,000 barrels per day (bpd) to 8.13 million bpd, the lowest since June. The bank sees a coordinated move to restrict output as the best near-term action for oil prices, given the high levels of crude inventories, Libya's production recovery, and a new wave of coronavirus infections leading to renewed partial lockdowns.

by | November 26, 2020 | 02:14

Jason Schwartz, from Yale School of Public Health. The EU said Tuesday it would sign a sixth contract for an upcoming coronavirus vaccine, this time for up to 160 million doses of a jab developed by U.S. Pfizer has been conducting test runs to prepare for delivery and proper handling of the shots and according to the Post, Perna said that the "lessons learned" during these rehearsals are being shared with other officials.

by | November 25, 2020 | 01:09

Bloomberg reported Monday that Musk, the CEO of Telsa , surpassed Bill Gates to become the world's second richest person behind Jeff Bezos . In January, he ranked 35th (yeah, we're still wrapping our mind around the jump from 35th richest to SECOND richest in less than a year).

by | November 25, 2020 | 01:04

That would put her in the center of the ongoing economic storm in the U.S., which has seen a record slowdown in annualized growth and tens of millions of layoffs as it grapples with the world's largest COVID-19 outbreak. After taking office in 2017, Trump ousted Yellen from the Fed, making her one of the few chairs not to stay in office for a second term. A Yale Ph.D graduate, she has a history of economic policymaking that stretches back decades, including a stint as president of the San ...

by | November 24, 2020 | 00:28

Apple launched the much-awaited iPhone 12 series at a grand virtual event on October 13 in four series iPhone 12 mini, iPhone 12, iPhone 12 Pro , and the iPhone 12 Pro Max . The iPhone 12 Pro Max is available for preorder on Friday, November 6th, and will ship from Friday November 13th. The company also stated that more users are switching to wireless charging methods.

by | November 24, 2020 | 00:35

The US Food and Drug Administration (FDA) is not meeting until December 10, a factor that would push the vaccine rollout start date beyond the expected timeline in the UK. Up to 30,000 volunteers are being sought to administer the doses in England and Wales. "That is likely to happen in the month of May or something like that based on our plans."He continued: "I really hope and look forward to seeing the level of the negative perception of the vaccine decrease and people's acceptance ...

by | November 22, 2020 | 01:44

This isn't the first time the company has been brought to task over alleged iPhone slowing. These problems have been reported from users of all the four iPhone 12 models (the iPhone 12 mini , iPhone 12, iPhone 12 Pro , and iPhone 12 Pro Max ) and Apple is aware of the issue.

by | November 19, 2020 | 02:23

In a targeted threat to Australia's foreign policy position, the Chinese official said if Australia backed away from policies on the list, it "would be conducive to a better atmosphere". Asked how this issue had been "ironed out", Mr Morrison didn't specify, but said Australia would "meet all of its obligations under its worldwide agreements".

by | November 16, 2020 | 00:37

Google will reportedly ask its employees to continue working from home until July 2021. Google LLC will allow its employees around the world to work from home until July 2021, altering an earlier plan to resume office work from next January amid the ongoing coronavirus pandemic , United States media said Monday.

by | November 16, 2020 | 01:02

Disney+ had more than 73 million paid subscribers at the end of the fourth quarter. At Disney and other major Hollywood studios, the pandemic has accelerated a shift toward streaming and direct-to-consumer services that count on subscriptions, rather than box-office grosses, to boost the bottom line.

by | November 15, 2020 | 01:55

She said, the subsidy support will be credited upfront in Aadhar seeded EPFO account of eligible new employees. She said, government will invest six thousand crore rupees equity infusion in NIIF debt platform and provide 65 thousand crore rupees to ensure adequate availability of fertilizers to farmers for the upcoming crop season to fill the gap of increased demand of fertilizers.

by | November 15, 2020 | 00:43

Monitoring of the participants is ongoing, the ministry said. Nevertheless, Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, is still optimistic about the vaccine candidate . At the vaccination centres, the vaccine shots have to be thawed from minus 70 degree Celsius to 2 to 8 degrees Celsius in refrigerators. Pfizer's vaccine has complex and ultra-cold storage requirements that many hospitals, particularly those in hard-to-reach areas, won't be ...

by | November 14, 2020 | 03:23

The running total announced by the company shortly after midnight showed the event was already 16 times bigger than United States online retailer Amazon's Prime Day last month. Other companies such as Douyin - the Chinese version of Beijing ByteDance Technology Co Ltd's TikTok - JD.com Inc and Pinduoduo Inc are also holding their own Singles Day shopping events.

by | November 11, 2020 | 01:47

He said "much higher interest rates and a strong commitment to structural reforms, ideally overseen by the International Monetary Fund" were needed for a sustained recovery in the currency. Agbal, a close Erdogan ally, said developments would be monitored until a policy meeting set for November 19 when "necessary policy decisions will be made".

by | November 10, 2020 | 01:37

In case you were wondering, Apple's actions should not impact the availability of any of the four new 5G iPhone models . But Apple's move hands an opening to rival Luxshare Precision Industry Co, which is on the verge of becoming the first mainland company to assemble the iPhone .

by | November 08, 2020 | 01:37

Ford said it would build battery-electric vehicles in Oakville, Ontario while Fiat Chrysler pledged more than Can$1 billion to retool its Windsor, Ontario plant to make hybrid and plug-in vehicles. A worker hangs a steel and aluminum door on a pickup truck at the General Motors plant in Fort Wayne, Indiana. The announcement came after the company reached a tentative contract agreement with Unifor.

by | November 08, 2020 | 01:39

UPI works primarily with your phone number and the service now works with five of the leading banks in India: ICICI, Axis, State Bank of India , HDFC, and Jio Payments Bank . Industry players have been averse to this idea. PhonePe is committed to ensuring that NPCI's new rule does not disrupt services for its customers, founder and CEO Sameer Nigam said.

by | November 07, 2020 | 01:55

WhatsApp has been operating in the space with a 1-million customer cap for the last two years, and clearance from NPCI means the messaging platform can scale its presence up in a segment that is controlled in majority by just two players.

by | November 05, 2020 | 02:05

While Biden was ahead of Trump in the polls leading up to Tuesday, the current President looks set to carry several contested battleground states that would be key to his re-election chances. The spectre of a contested election intensified after President Trump tweeted: "We are up BIG, they are trying to STEAL the Election". The CBOE volatility index , a gauge for short-term volatility, slipped to a two-week low after spiking to a four-month high in the run-up to the election.

by | November 05, 2020 | 01:19

A tighter race in the lead up to the United States election on Tuesday and electoral uncertainty also prompted investor caution in global markets. The worldwide oil benchmark, Brent crude , gained almost two per cent on Monday, shaking off earlier losses, as the United States heads into a contentious presidential election.

by | October 31, 2020 | 01:14

Macron's defence of Charlie Hebdo , and his recent comment that Islam worldwide is "in crisis", have prompted Erdogan to urge Turks to boycott French products amid a wave of anti-France protests in Muslim-majority countries. Ankara's chief prosecutor launched an investigation against the proprietors of the magazine as condemnations by senior Turkish politicians poured in.

by | October 31, 2020 | 01:34

More than 59,000 MA residents filed first-time unemployment claims last week, according to U.S. On an unadjusted basis, the figure decreased by a little more than 28,000. There are still roughly 10.7 million more out-of-work Americans than there were in February, before the pandemic hit. That's the largest quarterly gain on record, The Associated Press reports.

by | October 30, 2020 | 00:46

U.S. Treasury prices fell. Meanwhile, the weekly tally of new applications for jobless benefits are only slowly coming down, dropping 40,000 to 751,000 in the week ended October 24, according to Labor Department figures released Thursday.

by | October 26, 2020 | 01:31

This is not the first time that Tesla ordered a recall from the Chinese market. The electric-car maker has identified two different suspension defects in some imported Model S and Model X vehicles produced between September 17, 2013, and January 15, 2018, according to China's State Administration for Market Regulation.

by | October 22, 2020 | 02:48

The ban was set to kick in on March 1, but a lawsuit by the plastic bag industry stalled it. New York State Department of Environmental Conservation Commissioner Basil Seggos declared that the DEC will start to uphold the prohibition on single-utilize plastic carryout bags on October 19, 2020.

by | October 22, 2020 | 01:14

NBS data also showed retail sales grew faster than expected in September at 3.3%, up from 0.5% growth YoY the month before. China remains the Philippines' top export market with nearly 27 percent of its total exports shipped to the world's second-largest economy , the Philippines' Department of Trade and Industry (DTI) said in July.

by | October 22, 2020 | 01:36

Brent crude futures dropped by $0.34 or 0.8% to $42.28 a barrel while US West Texas Intermediate ( WTI ) futures fell by $0.15 cents touching $40.68, Reuters reported. Under the document's base case, OECD oil stocks are expected to stand slightly above the five-year average in the first quarter of 2021, before falling below that level for the rest of the year.

by | October 20, 2020 | 02:29

China , which has been leading the charge when it comes to implementing a national virtual currency or central bank digital currency (CBDC), has publicly confirmed that it plans to become the first nation to challenge the global dominance of the USA dollar.

by | October 18, 2020 | 13:03

The drug is manufactured by pharmaceutical giant Gilead Sciences and was recently used to treat U.S. President Donald Trump through his own coronavirus infection. Repurposing approved compounds for COVID-19 can expedite regulatory review, but changing formulation, dosing, and administration route may add risks.

by | October 14, 2020 | 03:34

The result parallels an earlier ruling against the EU allowing USA tariffs that for the past year have increased the price of many European products sold here, including Airbus jets. "Rather than escalating this matter with threats to US businesses and their European customers, Airbus and the EU should be focusing their energies on good-faith efforts to resolve this long-running dispute".

by | October 13, 2020 | 10:59

The currency retreated to 6.7320 per dollar, after closing on Friday at the strongest level since April 2019. The Bloomberg Commodity Index fell 0.2%.West Texas Intermediate crude fell 2.8% to $39.47 a barrel.Gold weakened 0.3% to $1,924.35 an ounce.

by | October 12, 2020 | 04:20

The completely redesigned pickup is based on the Fiat Strada , which made its official debut earlier this year in Brazil and Argentina where the brand enjoys high popularity. In terms of capability, the Ram 700 comes with a max payload rating of 750 kilograms (1,653 pounds) and a max tow rating of 400 kilograms (882 pounds).

by | October 11, 2020 | 05:33

Trump was admitted to Walter Reed National Military Medical Center last Friday, began a course of treatment, and returned to the White House Monday - before returning to the Oval Office on Wednesday. For Congress to invoke the 25th Amendment , the Speaker of the House and the President pro tempore of the Senate must provide "written declaration" that the President is "unable to discharge powers and duties of his office." Sen.