LONDON (Reuters) – Britain’s government will extend its emergency coronavirus wage subsidy scheme to ensure workers who are temporarily laid off during a new England-wide lockdown receive 80% of their pay, Prime Minister Boris Johnson said on Saturday. Britain introduced
Category: Finance
finance, world economy,
First planes land at Berlin’s much-delayed airport
5/5 © Reuters. Official opening of the new Berlin-Brandenburg Airport in Schoenefeld 2/5 BERLIN (Reuters) – The first passengers landed at Berlin’s new airport on Saturday, nine years after it was originally due to open and as the global aviation
Comic: Presidential Election, Covid-19 Surge To Fuel Volatility In The Week Ahead
By Jesse Cohen Investing.com – Stocks on Wall Street on Friday, with the major averages suffering their worst week since March due to worries over a record surge in coronavirus cases and growing nerves over the looming presidential election. The
The great divergence: U.S. COVID-19 economy has delivered luxury houses for some, evictions for others
2/2 © Reuters. Kiki and Greg Kullman with their twin boys, Cam and Kyle pose in Columbus, Ohio 2/2 By Michelle Conlin (Reuters) – When the temperature dipped near freezing in Columbus, Ohio in mid-October, the children had no heat.
Papa John’s founder slices up ad firm’s $6M ‘extort’ attempt
Papa John’s founder John Schnatter has claimed his spectacular ouster from the pizza chain last year was orchestrated by an advertising firm that was trying to extort $6 million from him — and now he claims that he has the
Labor Department finalizes U.S. rule curbing sustainable investing by pension funds
2/2 © Reuters. The United States Department of Labor is seen in Washington, D.C., U.S. 2/2 By Jessica DiNapoli and Ross Kerber NEW YORK/BOSTON (Reuters) – The U.S. Department of Labor on Friday finalized a rule clarifying that pension fund
US judge blocks TikTok ban, calls security threat ‘hypothetical’
TikTok got yet another reprieve on Friday after a federal judge blocked a Trump administration ban which would have effectively shut down the Chinese-owned app in the US on Nov. 12. The Pennsylvania judge issued a preliminary injunction Friday that
Walmart brings back gun displays day after ordering them hidden
Walmart has begun returning firearms and ammo to the selling floors of its stores nationwide — just one day after yanking them from merchandise displays for fear of imminent “civil unrest.” The retail giant, which sells firearms at around half
Wall Street ‘fear gauge’ logs largest weekly gain in about 4 months
© Reuters. FILE PHOTO: Statue of George Washington at Federal Hall across Wall Street from New York Stock Exchange in New York NEW YORK (Reuters) – The Cboe Volatility Index (), Wall Street’s “fear gauge,” rose 0.4 points on Friday
Counterfeit Juul e-cigarette manufacturer busted in China
Juul Labs helped Chinese authorities take down a manufacturer that allegedly ripped off its vapes and sold the fakes overseas, the company said Friday. The operation was one of the largest ever broken up by the e-cigarette maker in its
Apple warns regulation of App Store could ‘materially’ hit its results
Apple’s lucrative App Store fees could be slashed by regulators to the tune of billions of dollars a year, the company warned investors Friday. The iPhone maker said in its most recent annual report that the growing regulatory pressures targeting
Jittery Wall Street banks brace for election-fueled uncertainty
Large Wall Street banks have been running “war game” drills in their trading businesses and preparing clients for unexpected scenarios around next week’s elections, hoping to avoid liquidity crunches or technical errors as markets react to news of who will
Days before election, economic data reveals gradual improvement, gloomy outlook
2/2 © Reuters. FILE PHOTO: FILE PHOTO: FILE PHOTO: A customer has his temperature taken while in line outside an Apple Store to pick up Apple’s new 5G iPhone 12 in Brooklyn, New York 2/2 By Jonnelle Marte (Reuters) –
Exclusive: Wealthy creditors give Cuba a pass, but will impose penalties
© Reuters. FILE PHOTO: Coronavirus disease (COVID-19) outbreak in Havana By Marc Frank HAVANA (Reuters) – Wealthy nations grouped together in the Paris Club of creditors have waived Cuba’s annual payment for restructured debt but plan to impose a penalty
Sony reportedly buying anime streaming platform Crunchyroll for nearly $1B
Sony, the Tokyo-based electronics and entertainment giant, is reportedly closing in on a deal to buy anime streaming service, Crunchyroll, for nearly $1 billion. Sony could end up spending more than $957 million on the service, which is owned by
IMF’s Georgieva says more funds needed to expand concessional loans to poor countries
© Reuters. FILE PHOTO: IMF and World Bank hold Annual Meetings in Washington WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Friday that IMF member countries will need to make more contributions to concessional lending for
Facebook’s Oculus Quest 2 was preordered five times more than predecessor
Facebook’s virtual reality ambitions are finally catching on with consumers. The company’s latest VR headset, the Oculus Quest 2, has received five times as many preorders as its 2019 predecessor, Mark Zuckerberg confirmed on the company’s Thursday earnings call, saying
U.S. consumer spending beats forecasts; worries over decreasing government money
© Reuters. An H&M store has sale signs in the window in New York City By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending rose more than expected in September, but decreasing benefits for millions of unemployed Americans, cooling temperatures
Quibi rival demands asset freeze in patent-infringement claim
Eko — a tech startup that has accused Jeffrey Katzenberg’s ill-fated video-streaming app Quibi of infringing on its patented technology — is asking the court to freeze Quibi’s assets as it winds down its business. Quibi, which is shutting down
Fed reduces loan minimum, adjusts terms for Main Street program
© Reuters. FILE PHOTO: The Federal Reserve Bank of New York is pictured in the Manhattan borough of New York City (Reuters) – The Federal Reserve made key adjustments on Friday to its Main Street Lending Program, including reducing the
Exclusive: Goldman money funds’ liquidity buffer swells before U.S. election
2/2 © Reuters. FILE PHOTO: FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the NYSE in New York 2/2 By Tim McLaughlin BOSTON (Reuters) – Two Goldman Sachs Group
U.S. consumer spending beat expectations; outlook uncertain
© Reuters. An H&M store has sale signs in the window in New York City By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending increased more than expected in September, but decreasing benefits for millions of unemployed Americans and a
Starbucks pumpkin spice sales hit record high after early launch
Starbucks is staging a fall comeback from the coronavirus — and it’s pumpkin-flavored. Sales of Starbucks’ trendy pumpkin beverages hit a new high in the last quarter after the coffee giant started brewing them earlier than ever. The Seattle-based chain
Disneyland Paris closes amid second COVID-19 lockdown in France
Disneyland Paris is temporarily closing again as France enters a second nationwide lockdown to slow the spread of the coronavirus. The closure, which took hold at the end of the day Thursday, is another blow for Disney, which has been
Amazon says COVID-related expenses will cost $4B this quarter
By the time this fiscal quarter is through, Amazon estimates it will have spent more than $11 billion on coronavirus-related expenses. The e-commerce titan said during its Thursday earnings report that it expects to spend around $4 billion battling the
Apple’s iPhone 12 delay knocks more than $100 billion off market cap
Apple’s decision to not give any iPhone 12 sales guidance during its Thursday earnings call cost it $100 billion. Shares of Apple are down more than 5 percent since it reported its fourth quarter earnings, taking a chunk out of
Leon Black admits business ties to Jeffrey Epstein — despite denial last year
Leon Black has some more explaining to do. The billionaire buyout king said Thursday that he had employed Jeffrey Epstein for “professional services” for six years after the sex pervert was convicted of soliciting a minor in 2008 — despite
Germany suggests new EU trade talks with U.S. after elections
© Reuters. Christian Democratic Union party leadership meeting in Berlin BERLIN (Reuters) – The European Union should try again to reach a trade agreement with Washington after the U.S. election, German Defence Minister Annegret Kramp-Karrenbauer said on Friday. Both sides
Stocks drop as COVID-19 fears lead to Wall Street’s worst week in months
US stocks tumbled again Friday as renewed fears about the coronavirus pandemic put Wall Street on pace for its worst week in months. The Dow Jones industrial average sank as much as 127.87 points, or 0.4 percent, to 26,531.24 in
Alphabet stock surges as Google ad revenues roar back
Google parent Alphabet’s stock price surged early Friday as the search giant’s advertising revenues recovered from a coronavirus-fueled collapse. Shares in the Silicon Valley conglomerate were up 6.2 percent in premarket trading at $1,664.48 as of 8:19 a.m. after it