Business

by | May 29, 2020 | 01:55

All engines now come with a 48V mild-hybrid system. They are motivated by a 181-hp 2.0-liter turbo-4 paired with a 107-hp electric motor for a total of 288 hp, an increase of 40 hp. The synthetic upholstery and contrast stitching trim the dash of the M550i, and can be ordered for the other models. The BMW Live Cockpit Plus and the optional BMW Live Cockpit Professional are underpinned by the brand's latest Operating System 7 which now includes Intelligent Personal Assistant, together with a ...

by | May 26, 2020 | 00:31

Facebook, which has almost 45,000 employees, is searching five to 10 years down the road as it plans more remote work, even when COVID-19 is no longer a threat requiring most of its employees to work from home . "I do think I'll plan to spend more of my time remotely over time", the CEO said. Facebook will reportedly allow existing employees to request permanent remote work if they meet a specific criteria.

by | May 26, 2020 | 00:43

Conditions of the deal include the waiver of future dividend payments and limits on management pay, Lufthansa said, adding that the government will also fill two seats on its supervisory board, with one becoming a member of the audit committee.

by | May 26, 2020 | 00:42

The countries have also clashed over the situation in Hong Kong , as well as territorial disputes in the South China Sea, economic issues, and USA dependency on Chinese resources. "Some US politicians, heedless of basic facts, have fabricated too many lies and plotted too many conspiracies", Wang said. The Chinese top diplomat asserted that no one can spoil the ties between China and Africa, citing the great solidarity shown by over 50 African leaders to his country during the critical ...

by | May 26, 2020 | 01:02

Brad Ross, a spokesperson with the City of Toronto , said officers will try to focus more on education than doling out tickets. "So we have to stay on guard and the key, our best defense right now, is to ramp up testing", he said, urging people to get tested if they have been exposed or show symptoms of the disease.

by | May 25, 2020 | 02:05

Earlier this week, drugmaker AstraZeneca said it had secured its first agreements for 400 million doses of the Oxford-developed vaccine, bolstered by a NZ$1.6 billion investment from a United States government agency, for the development, production and delivery of the vaccine, starting in the fall.

by | May 24, 2020 | 01:20

Investors have also greeted gradual steps by states to reopen their economies. Both finished up by more than 3 percent for the week. US stocks rallied into the close of trading after whipsawing investors during a volatile week that featured optimism over the reopening of the economy and a renewal of trade tensions.

by | May 23, 2020 | 01:11

Economists surveyed by Dow Jones had been expecting 2.4 million claims last week. CT said last week it had misreported its numbers. More than 607,000 Maryland residents have filed for unemployment in the last nine weeks. More than one-half of the region's jobless workers - 102,000 - are in Allegheny County. Following were Georgia (14,420), Washington (8,615), NY (4,309), and South Dakota (1,340).

by | May 23, 2020 | 00:47

An employee of a Costco store in Thornton, Colorado, refused service to a customer on May 16, after he did not comply with the company's mask policy, a widely reposted video shows. "The use of a face covering should not be seen as a substitute for social distancing". "We should be moving forward as a country", he added. 'Please continue to observe rules regarding appropriate distancing while on Costco premises'.

by | May 22, 2020 | 01:30

Passengers must fill out a self-declaration form or update their status in the Aarogya Setu App. Passengers with "Red" status in Aarogya Setu App would not be permitted to travel. However, the Centre did not allow domestic flight operations during lockdown 4.0 which started from May 18. Support staff handling passengers with special needs would be in full protective gear.

by | May 18, 2020 | 00:26

Battery capacity and production costs has always been a limiting factor in terms of the manufacturing costs of electric vehicles , and is one big reason EVs carry a price premium when sold to customers. Tesla has reported operating profits for three quarters in a row, driving a near-doubling of its share price this year. These are most likely the team around Jeff Dahn who has been working on project Roadrunner for some time now, only CATL's involvement is new.

by | May 17, 2020 | 01:13

Friday's main focus was the Census Bureau's monthly retail sales figures which revealed that U.S. retail sales collapsed in April as lockdowns to brake the Covid-19 pandemic's advance across the country kept consumers indoors and Americas kept their wallets shut even as many were forced to join unemployment queues.

by | May 17, 2020 | 01:15

The S&P BSE Sensex and NSE Nifty 50 indexes staged a sharp recovery in last hour of trade to close on a flat note led by gains in metal heavyweights like Vedanta, Reliance Industries and Hindustan Unilever. The fact that no major announcement came with regard to the banking sector saw the Bank Nifty index fall by 2.88 per cent or 540 points. While shares of Escorts, Mphasis Consumer fell 4% and 1.5% post-earnings, shares of Kotak Mahindra Bank and Maruti gained 2.23% post Q4 earnings.

by | May 17, 2020 | 00:57

This company hopes to reemerge from chapter 11 bankruptcy as a stronger retailer. The chain, based in Plano, Texas, skipped debt payments before the filing, putting it on a path toward default. J.Crew and Neiman Marcus also announced bankruptcies this month. Its decline began a decade ago with the advent of online shopping and the rise of Amazon as well as trendy, cheap chains like H&M and Zara.

by | May 16, 2020 | 01:20

Bonds and the dollar held ground won overnight. MSCI's gauge of stocks across the globe .MIWD00000PUS shed 1.00% following broad declines in Europe and Asia. Equity markets have wavered since April's rally as investors and authorities try to weigh the risks of re-starting economies quickly against the financial ruin that lockdowns have wrought, while worrying about a flare-up infections.

by | May 15, 2020 | 01:10

Tensions have ratcheted up between Washington and Beijing as they trade barbs over the origin of the pandemic - which first appeared in late 2019 in the Chinese city of Wuhan, and which Trump has dubbed the "Plague from China". Other Republicans have echoed Trump's combative rhetoric as well. The FBI and the Cybersecurity and Infrastructure Security Agency said China's efforts posed a "significant threat" to the U.S.

by | May 15, 2020 | 00:28

House Democrats proposed a $3-trillion virus relief bill Tuesday, combining aid to state and local governments with direct cash payments, expanded unemployment insurance and food-stamp spending as well as a list of progressive priorities such as funds for voting by mail and the troubled U.S.

by | May 14, 2020 | 01:42

They also said the electric vehicle company had been approved to resume some activities ahead of the re-opening. Musk announced plans to re-open the Fremont plant on Monday, stating in a tweet: "If anyone is arrested, I ask that it only be me".

by | May 12, 2020 | 02:03

If Saudi Arabia makes good on its pledge, its production will drop to the lowest since mid-2002, according to data compiled by Bloomberg. Saudi Arabia is tripling its value added tax (VAT) as part of austerity measures to support its coronavirus-hit economy.

by | May 12, 2020 | 01:34

Updating on the same, Gabe Fleisher wrote, "This is the third confirmed White House coronavirus case: President Trump's valet, Vice President Pence's press secretary, and now Ivanka Trump's personal assistant ". Such a test could confirm previous exposure. Mr Trump and Mr Pence maintain busy public schedules. "In the span of hours, the coronavirus task force was likely exposed, the vice president was definitely exposed, and a top health official can't come into the office", the ...

by | May 10, 2020 | 02:16

WTI crude futures increased $0.49, or 2%, to $24.04 a barrel, at 08:00 MSK, while Brent crude futures were up by $0.48 to $29.94 a barrel at this time, Reuters reported. Oil prices jumped on Thursday following the news that China's exports unexpectedly rose last month and a sharp increase in Saudi Arabia's crude oil official selling prices.

by | May 10, 2020 | 00:35

Apple's retail stores in the United States have been closed since mid-March due to the COVID-19 pandemic. "Our team is constantly monitoring local heath data and government guidance, and as soon as we can safely open our stores, we will".

by | May 08, 2020 | 02:16

Ahead of its earnings report today, shares of Uber rose around 11%, buoyed by a set of financial results and promises about the future from Lyft that were rated highly by investors. Online ordering from grocery stores and restaurants has surged since the US declared a national emergency in March. Lyft's better-than-expected numbers are thanks to a ridership increasing 3% year-over-year to 21.2 million active riders even with COVID-19 affecting the company toward the end of the quarter.

by | May 08, 2020 | 00:56

With Washington's most recent claims, the total number of workers in the state who have filed for unemployment insurance since the start of the coronavirus crisis could approach 900,000, which would be almost three times the peak during the Great Recession.

by | May 07, 2020 | 01:55

You are part of this incredible industrial mobilisation, the biggest since World War II. Honeywell has been awarded a $27.4 million contract for 38 million units of N95 masks for delivery within 6 months. Public health officials have warned that the failure to flatten the curve and drive down the infection rate in places could lead to many more deaths as people are allowed to venture out and businesses reopen.

by | May 07, 2020 | 02:28

Retail prices of petrol and diesel will not be impacted by the tax changes as state-owned oil firms will adjust them against the recent fall in oil prices, according to reports . States will get only ₹0.84 per litre in case of petrol and ₹2.1 in case of diesel. Roughly, every rupee hike in excise duty is expected to yield Rs 13,000-14,000 crore annually.

by | May 05, 2020 | 01:42

Buffett predicted that we'll see a flood of litigation in the coming months, from companies that go to war with their insurance companies over lost business due to the pandemic. Buffett said the company completely exited their stakes in the airlines, and wished the air travel business well in a time of uncertainty. Still, Shanahan said Berkshire is "as well positioned as it can be", reflecting its diverse businesses and substantial liquidity and access to capital.

by | May 04, 2020 | 01:40

More than $600 million worth of government-issued credits were sold to other carmakers to help them hit tightening emissions regulations, particularly in Tesla's home state of California . In addition, "One highlight in particular should have bulls salivating - Tesla says that the Model 3 cars it produces in its Shanghai Gigafactory are "approaching" the profitability of USA -made models, indicating in part that the Chinese factory is running efficiently after just a few months".

by | May 04, 2020 | 01:17

Buffett's comments came just hours after Berkshire Hathaway announced a record $US50 billion ($NZ82.4b) net first quarter loss, Reuters news agency reports. Buffett and Vice Chairman Greg Abel, 57, spent almost 2 and half hours answering shareholder questions posed by a reporter. We took money out of the business basically even at a substantial loss.

by | May 01, 2020 | 01:52

The facades of several banks were smashed with at least one set on fire as protests fuelled by Lebanon's economic crisis turned violent in the northern city of Tripoli overnight, a witness said. Lebanon saw intense rioting on Tuesday as hundreds of protesters clashed with soldiers in Tripoli for a second day. "I think this Government should resign", Tripoli lawyer Fahed Moukaddem said.

by | April 30, 2020 | 01:27

The airline has been largely grounded in tackling the coronavirus and is operating a handful of flights instead of hundreds. "Recovery to the level of passenger demand in 2019 is expected to take several years, necessitating group-wide restructuring measures".

by | April 30, 2020 | 00:25

Praising Biden's work in various policy areas, Pelosi touted his character in an implicit dig at the current president, saying: " Joe Biden brings values and integrity to work every day because he never forgets his roots". Watch Pelosi's endorsement video above, via YouTube. "I think they should be back here, but they don't, they're enjoying their vacation", Trump said when asked by ABC News reporter Jonathan Karl about Pelosi's decision.

by | April 27, 2020 | 00:47

Details of how the program will be launched were scarce, but Trudeau did confirm that government will be responsible for half of that rent relief, while property owners collecting rent will take care of the other 25 per cent. Some businesses suggested it may not be enough anyway. For those, Trudeau suggested taking advantage of the Canada Emergency Business Account, which will allow them to access up a loan of $40,000.

by | April 27, 2020 | 00:35

West Texas Intermediate falling into negative territory to minus $37.63 a barrel on Monday, while Brent fell to a two-decade low. US energy firms cut the most oil rigs in a month in April since 2015, according to energy services firm Baker Hughes Co.

by | April 24, 2020 | 02:09

Almost 200,000 small retailers have taken part in the Paycheck Protection Program, receiving an average loan of $155,000 each for a total of $29 billion, but funds have run out and the SBA is no longer accepting new applications. "Knowing that, we quickly made the decision to return the loan". Hospitals have experienced significant financial and operational challenges as a result of the COVID-19 outbreak, which began to spread across the U.S.in mid-March.