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USA unemployment during Covid-19 crisis reaches almost 50 MILLION

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Woolworths owes supermarket staff up to $300 million in backpay

The review only considered the past two years, but the supermarket giant concluded that the issue would have dated back to 2010. Tacy Angwin, CEO and founder ...

Facebook agrees to pay fine over Cambridge Analytica scandal

Facebook appealed the ICO's penalty in November 2018, arguing there was no harm to United Kingdom users because the regulator didn't find United Kingdom user da...

Nintendo Switch sales should pass the SNES next quarter

The hybrid console has now reached 41.67 million units worldwide. Second, the Switch Lite sold 1.95 million units in a very short period of time. Last yea...

Price cuts, Apple iPhone 11 time driving China certainly recover

According to the research, Chinese consumers started switching to Huawei devices due to ongoing criticism of its trade practices by the USA and other regions. s...

GM cuts 2019 outlook as United States strike weighs on profits

The 40-day strike cost GM more than $2bn, according to analysts. The automaker's CFO described the strike as a "one-time impact". The Detroit-based automake...

Boris Johnson launches Tory election campaign against Brexit backdrop

However, many Labour MPs are deeply unhappy at the prospect fearing that they are heading for another election defeat. The country is on course for its fir...

Fiat Chrysler, PSA Peugeot boards approve merger

Fiat Chrysler Chairman John Elkann would become chairman of the newly merged company while Peugeot Chief Executive Carlos Tavares would be CEO. FCA said th...

Bank of Canada holds key interest rate at 1.75%

The move marked the first time the USA policy rate has been below the Bank of Canada's equivalent since December 2016. Because the central bank is wary of re-...

Why Fed might change its rate-cut strategy after October

Faranello noted Powell did leave the door open for further easing if needed, but added that Powell "had to raise the bar for further rate cuts". To that end, ...

Fiat Chrysler, Peugeot in merger talks to create $50bn firm

Analysts were positive that a deal to combine Peugeot and Fiat Chrysler was back on the table. A spokesman for PSA declined to comment. "Peugeot could pot...

Gold rises as investors await Fed rate decision

Though the economy appears mostly healthy, inflation remains below the Fed's 2% target and Americans increasingly expect inflation to stay unusually low. Growth...

Ex-California governor slams GM for backing Trump on tailpipe emissions

The so-called Coalition for Sustainable Automotive Regulation combines the forces of GM and Fiat Chrysler with the more formal Association of Global Automaker...

Maker of China's TikTok denies report it is planning HK listing

The company is said to be valued at around $75 billion, making it the most valuable startup in the world. ByteDance has held talks with bankers who are eager ...

Fiat Chrysler in merger talks with Peugeot

FCA chairman John Elkmann would continue in his current role after the merger. Tavares is widely credited for turning around European automaker Opel after the b...

Google parent Alphabet profits slip amid bigger investments

Livingston Group Asset Management CO operating as Southport Capital Management lifted its position in shares of Alphabet by 14.9% in the third quarter . The co...

Amazon makes grocery delivery service free for Prime members

In other words, regardless of whether it is profitable or not, it makes sense that Amazon would invest in ways of trying to boost its grocery delivery service ...

China state paper urges calm after blockchain stocks, bitcoin soar

Lee was positive that Bitcoin will easily register new highs and that in the coin's short history, the price of the prized digital asset has hovered around th...

Microsoft wins US Dept of Defense $10 billion cloud contract

Amazon Web Services, which pioneered this approach in the business world, has always been seen as a front-runner for the JEDI contract. Amazon showed complet...

Oil posts biggest weekly gain in five weeks on trade optimism

West Texas Intermediate for December delivery fell 30 cents, or 0.5%, to $55.51 a barrel on the New York Mercantile Exchange as of 7:57 a.m.in London. OPEC+ ha...

NYSE welcomes SPCE as Virgin Galactic stock blasts off

Social Capital Hedosophia's founder, Sri Lanka-born Chamath Palihapitiya, will contribute $100 million to the venture and become its chairman. "I am proud of...

Mark your calendars - Popeyes’ spicy chicken sandwich is officially coming back

Get ready for the return of the Popeyes popular chicken sandwich and the long lines that go with it. The press release, a nod to Michael Jordan's famously s...

Apple Pay top mobile payment app in US

In total, some 64 million people will make use of mobile payments in the US this year. Then there's also the fact that Starbucks itself has added Apple Pay inte...

LVMH looks to expand empire with Tiffany takeover bid

LVMH, which has for years been looking for ways to expand in the U.S. market, submitted a preliminary, non-binding offer to Tiffany earlier this month, one of t...

HBO Max to offer a cheaper ad-supported tier by 2021

Pricing for non-AT&T watchers is expected to be around $15 a month. HBO Max is slated to launch in the spring of 2020 with some 10,000 hours of content, inc...

Mario Draghi Presides Over His Final ECB Meeting

A former governor of the Italian central bank, Draghi completed his PhD thesis on economic theory at MIT, where he studied under Nobel prize victor Franco Modig...

Amazon founder Jeff Bezos regains top spot as world's richest man

Amazon's third-quarter earnings disappointed Wall Street on Thursday as the retailer's investment in expedited shipping cut into its profits, which are dow...

UAW to bargain next with Ford on new contract deal

The strike by almost 50,000 hourly GM workers started September 16, almost six weeks ago. Striking workers at the General Motors Powertrain Plant in Tonawan...

Britain’s top payday lender to pull out of country

CashEuroNet UK is owned by New York Stock Exchange-listed Enova International, which also owns On Stride Financial, a provider of unsecured personal loans of ...

Ford unveils release date for Mustang-inspired electric SUV

When it goes on sale in the U.S. next year, the new electric crossover will be able to access a charging network with 12,000 public locations and over 35,000 ...

Popeyes' popular chicken sandwich coming back, report says

The Popeyes restaurant chain is bringing back its overwhelmingly popular chicken sandwich , but this time it's calling in reinforcements. McDonald's and Jack i...

Pentagon snubs Amazon in $15.7 billion 'war cloud' deal

Microsoft has won the Pentagon's $ 10 billion cloud computing contract . The tech giant previous year decided not to renew a Pentagon project called Maven af...

Pharmacies pull Johnson & Johnson baby powder products off shelves

Earlier when the company had announced about the recalling of almost 33,000 bottles of Johnson &Johnson baby powder due to asbestos concerns, it had hit the m...

European Union shelves Brexit delay decision as Britain squabbles over election

Labour were in chaos last night as MPs were whipped to abstain in Boris Johnson's election vote while Jeremy Corbyn said he would back it if No Deal was 'of...

Donald Trump wants iPhone home button back

President Donald Trump seems to have recently switched to an iPhone without a home button, and he doesn't seem to like it very much. As amusing as it migh...

Huawei can still use ARM's technologies to manufacture HiSilicon chipsets

Though it is owned by SoftBank in Japan and headquartered in Cambridge in the UK, Arm fell under the U.S. export ban due its attempt to license its semicon...