Markets

Markets John Lewis Partnership targets net zero carbon by 2035
Author: 0 John Lewis Partnership targets net zero carbon by 2035

Its online activities grew during the pandemic, with its Waitrose arm rapidly expanding its delivery operations as its partnership with Ocado came to an end. The company also said it is pushing forward with plans to expand into housing , highlighting that it has identified 20 potential sites which could be used for private housing .

Markets United States tech mogul Robert Brockman charged in record tax evasion scheme
Author: 0 United States tech mogul Robert Brockman charged in record tax evasion scheme

Prosecutors claimed that Brockman used a family charitable trust and offshore firms based in Bermuda and Nevis, as well as bank accounts in Bermuda, Switzerland and the British Virgin Islands (BVI), over a 20-year period to hide income from private-equity investments from the Internal Revenue Service (IRS), the United States tax authority.

Markets Stripe Acquires Nigeria's Paystack, Set for Expansion
Author: 0 Stripe Acquires Nigeria's Paystack, Set for Expansion

He explained that although Africa is smaller than other regions, online commerce will grow about 30 per cent every year. The deal is subject to standard closing conditions, including regulatory approval. "We can't wait to see what they will build next and how their growth can turbocharge the African tech ecosystem". In a video share, Paystack CEO and co-founder Shola Akinlade publicly shared the news.

Markets IMF MD: Global economic growth expected to fall to -4.4% in 2020
Author: 0 IMF MD: Global economic growth expected to fall to -4.4% in 2020

Even then, ending the worst economic crisis since the Great Depression of the 1930s depends on conquering the virus, she said in a news conference. The Minister of Finance added that the International Monetary Fund had raised its estimate of the growth rate of the Egyptian economy in the current fiscal year to 2.8 percent instead of 2 percent in its report issued last May, which reflects the efforts made by the government to improve the growth structure to become more diversified.

Markets Sudden surge in United States jobless claims as more need long-term aid
Author: 0 Sudden surge in United States jobless claims as more need long-term aid

The extra cash is intended as a replacement for the $600 in weekly federal unemployment benefits workers received throughout the spring and summer. It's not just for state and local government. And the average worker has collected almost $12,000 in benefits. The department has handled roughly 192,000 initial claims for the state unemployment program and 94,400 initial claims for the federal Pandemic Unemployment Assistance program.

Markets International Monetary Fund cuts India's growth forecast for 2020, expects bounce back next year
Author: 0 International Monetary Fund cuts India's growth forecast for 2020, expects bounce back next year

Stating that India's GDP contracted much more severely than expected in the second quarter, Gopinath said, "the economy is projected to contract by 10.3% in 2020, before rebounding by 8.8% in 2021". The report also praises governments for launching extraordinary economic interventions, crediting them with "preventing a recurrence of the financial catastrophe of 2008-09".

Markets Government Employees to Get Rs 10000 as Festival Bonus
Author: 0 Government Employees to Get Rs 10000 as Festival Bonus

Announcing the measures, Finance Minister Nirmala Sitharaman said consumer spending and capital expenditure have been focused upon. This is where one can expect demand will get a boost by way of discretionary consumption, Ecowrap report said.

Markets Iran's Rouhani says new USA sanctions can not break 'resistance'
Author: 0 Iran's Rouhani says new USA sanctions can not break 'resistance'

Trump and his administration have been seeking to kill a 2015 nuclear deal the U.S. and other world powers struck with Iran , and has been ramping up pressure on Tehran in what has been called a "maximum pressure" campaign aimed at bringing Tehran back to the negotiating table.

Markets Pelosi to discuss 25th Amendment: What that is, simplified
Author: 0 Pelosi to discuss 25th Amendment: What that is, simplified

Section four of the 25th Amendment also says that if a majority of a body established by law, along with the vice president, declare in writing that if the president is disabled and unable to do his job, the vice president immediately becomes the acting president.

Markets Trumps tests positive for Covid-19
Author: 0 Trumps tests positive for Covid-19

First Lady Melania Trump has also tested positive, he said, adding they will start the quarantine process immediately. If symptoms, such as trouble breathing, get worse, the CDC says to seek emergency medical care immediately. On September 30, when Biden and Trump participated in the first debate in OH, the former questioned the incumbent's handling of the pandemic, suggesting that he should have brought Republicans and Democrats together to form a strategy.

Markets Tokyo trade halted for day after glitch: exchange
Author: 0 Tokyo trade halted for day after glitch: exchange

There was a bit more than a half hour outage. Any efforts to draw a broader range of participants into the market require systems that can support stable trading. A series of computer issues in the mid-2000s led to the resignation of the exchange president. Trading was halted for 4 1/2 hours in 2005 due to a botched system upgrade, the first time equity trading had been completely suspended.

Markets Biden paid almost $300,000 in federal income taxes in 2019
Author: 0 Biden paid almost $300,000 in federal income taxes in 2019

The Bidens reported receiving income from several sources, including Northern Virginia Community College, where Dr Biden has worked as an English professor, and the University of Pennsylvania , where Mr Biden established a center for diplomacy after the end of the Obama administration.

Markets Amazon Prime Day 2020: How To Grab The Best Deals Early
Author: 0 Amazon Prime Day 2020: How To Grab The Best Deals Early

Reports then surfaced of Amazon's decision to push Prime Day back due in part to the strain that the pandemic placed on its warehouses - customers started to rely heavily on online shopping for essential goods as quarantine orders forced many to stay away from brick-and-mortar stores.

Markets USA stocks rally as dip-buying intensifies after rout
Author: 0 USA stocks rally as dip-buying intensifies after rout

Technology (NYSEARCA: XLK ) was a bright spot as investors piled in after recent heavy declines, and the Nasdaq rose 2.3% on the day. Shares of other largest American companies by capitalization, Amazon.com Inc (NASDAQ: AMZN) and Microsoft Corp (NASDAQ: MSFT), are also moderately gaining in price.

Markets Vodafone wins $2 billion tax dispute case against the Indian government
Author: 0 Vodafone wins $2 billion tax dispute case against the Indian government

It also directed India to pay £4.3 million ($5.47 million) to the company as compensation for its legal costs, one of the sources added. Less than a month after his passing, one of the less lauded legacies of Pranab Mukherjee got laid to rest on Friday with the worldwide arbitration order in favour of Vodafone in the infamous retrospective tax case.

Markets United Kingdom finance minister outlines Winter Economy Plan
Author: 0 United Kingdom finance minister outlines Winter Economy Plan

However, large businesses have to prove that their turnover has dropped during the coronavirus pandemic period to access the scheme. When businesses are already struggling hugely due to the effects of the ongoing pandemic, it is highly unlikely that they will want to pay workers for hours they have not actually worked.

Markets Harley-Davidson evaluates partnerships to stay in India after exit
Author: 0 Harley-Davidson evaluates partnerships to stay in India after exit

The company's assembly plant at Bawal in Haryana was its second facility outside the United States after Brazil, and it planned to use the unit to export to Europe and Southeast Asian markets. Harley has been scrambling for years to grow sales beyond baby boomers in the USA and has not posted retail sales growth there in the past 14 quarters, Reuters reported.

Markets FinCEN report: HSBC shares drop to lowest level since 1995
Author: 0 FinCEN report: HSBC shares drop to lowest level since 1995

Earlier today, the Monetary Authority of Singapore said it was studying media reports that Singapore banks had informed United States regulators of suspicious transactions , adding that it would take "appropriate action" based on the outcome of its review.

Markets Oil eases as USA production returns after storm
Author: 0 Oil eases as USA production returns after storm

Oil prices were unchanged on Friday, weighed after a Libyan commander said a blockade on the country's oil exports would be lifted for a month, while supportive signals from an OPEC + meeting lifted futures. "I'm going to make sure whoever gambles on this market will be ouching like hell", Prince Abdulaziz told a news conference when asked about Opec+ next steps.

Markets Hyundai takes the wraps off 2021 Tucson compact SUV -Full details here
Author: 0 Hyundai takes the wraps off 2021 Tucson compact SUV -Full details here

It will be sold in Canada and the United States only as a "long-wheelbase" version that is 15 cm. longer than the current Canadian Tucson (and 13 cm. longer than the new version that will be sold in the rest of the world). Hybrid and PHEV get Hyundai's first-in-class E-Handling technology to help improve steering response and directional stability when cornering. The auto comes with all-wheel drive with upto 7 driving modes - Eco, Comfort, Smart, Sport, Mud, Sand and Snow.