Business

The Bank of England launches £150bn stimulus package for the UK economy

The nine-member Monetary Policy Committee ( MPC) of Threadneedle Street unanimously voted to ramp up its quantitative easing bond purchase program to soften the economic fallout from rising infections...

Over 150,000 companies denied pandemic loan by British banks

According to Chief Executive Officer Nikhil Rathi, the Financial Conduct Authority told lenders not to relax their controls on potential borrowers when offering credit under the Coronavirus Business I...

£1.33 billion net income reported by Coca-Cola in the fiscal third quarter

On Thursday, the company's shares jumped 2.5 percent in premarket trading but lost over 1 percent on the open market. Coca-Cola is now swapping hands at £38.61 per share, including the price action. I...

Chancellor Rishi Sunak offers more help to struggling business in Tier 2 restrictions

Mr. Sunak also announced the extension of the Job Support Scheme and the provision of assistance to self-employed workers.

Market

US Department of Justice charges over 500 domestic violence involving firearms cases in 2020

The US Department of Justice on Wednesday announced it has charged more than 500 domestic violence cases involving firearms during Fiscal Year (FY) 2020. 

Dow headlong 900 points as coronavirus fears mount

In a painful start to the week for the Dow and the border market, stocks headlong Monday as investors worry when Washington will agree with another stimulus bill.

Jobs

China published a white paper on employment, labor rights in Xinjiang

China has published a white paper on employment and labor rights in Xinjiang Uygur Autonomous Region on Thursday.

US: Trump says to announce some visa restrictions for foreign workers very soon

US President Donald Trump has said on Saturday to be announcing some visa restrictions for foreign workers this week as the US is facing some economic crisis due to COVID-19.

American billionaires become significantly richer during the pandemic

The combined wealth of America's billionaires, including Amazon.com founder Jeff Bezos and Facebook CEO Mark Zuckerberg, jumped more than 19% or by half a trillion since the onset of the COVID-19 pand...

US weekly jobless claims drop, but economic recovery still elusive

The number of Americans seeking jobless benefits fell for an eighth straight week last week, likely as some people returned to work, but claims remained at astonishingly high levels, suggesting it cou...

Industry

Chinese leaders crack over releasing blacklist of US companies

Beijing has sped up the development of a blacklist that could be used to punish American technology firms, but officials say leaders are hesitating to pull the trigger, with some arguing a decision on...

Dow headlong 900 points as coronavirus fears mount

In a painful start to the week for the Dow and the border market, stocks headlong Monday as investors worry when Washington will agree with another stimulus bill.

Facebook to bring smart glasses in 2021 in collaboration with Ray-ban

Facebook is set to unveil its first smart glass in 2021 as it has started a collaboration with Ray-ban’s manufacturer Luxottica to bring smart glasses for the consumers.

Elon Musk's company Tesla's market valuation has gone down by roughly $82 billion to $307.7 billion

Tesla shares on Tuesday closed down 21.06 percent, making it the worst one-day loss on record. After a steep fall in shares, the company’s market valuation has gone down by roughly $82 billion to $307...

Auto

Hertz files for U.S. bankruptcy protection as car rentals evaporate amid COVID-19

The more than a century old car rental firm Hertz Global Holdings Inc filed for bankruptcy protection on Friday after its business was decimated during the coronavirus pandemic and talks with creditor...

Startup

Liquid I.V. Launches ‘Yummy’ New Drink Inspired By Justin Bieber’s Music

Justin Bieber may not be the first person that comes to mind when you think of hydration, but the launch of Liquid I.V.’s new “Yummy” flavor inspired by the star’s hit single has officially changed th...