UK Private Sector Returns To Growth In January

United Kingdom manufacturing and services saw their best month for more than a year in January, a survey has suggested. But there was absolutely no such indication from her. This could impact the decision making of the Bank of England when it meets f... More..

by | Published 29 days ago
New U.S. Huawei ban pulled amid Pentagon disagreement
by | Sunday, January 26, 2020

New U.S. Huawei ban pulled amid Pentagon disagreement

Commerce Secretary Wilbur Ross on Thursday said new rules coming soon will put more limits on technology sales to Huawei, which American officials suspect of making gear that could be used for espionage - an a...More..

Intel Jumps More Than 8% On Big Q4 and Bright 2020 Outlook
by | Sunday, January 26, 2020

Intel Jumps More Than 8% On Big Q4 and Bright 2020 Outlook

Jefferies has a Hold rating with a $64 target price. That compares with average analysts' projections for US$17.2 billion and US$1.04 a share. The company has a 50 day moving average of $58.72 and a 200 day mov...More..

Oil falls as specter of China virus looms over fuel demand
by | Sunday, January 26, 2020

Oil falls as specter of China virus looms over fuel demand

Meanwhile, Brent crude, the worldwide benchmark, edged up 0.35 per cent to $62.26 per barrel in NY. The virus that has killed 26 people and infected more than 800 has prompted the suspension of public trans...More..

After Black man wins discrimination lawsuit, bank refuses to cash his checks
by | Sunday, January 26, 2020

After Black man wins discrimination lawsuit, bank refuses to cash his checks

TCF Bank said it should not have called police on a black customer who was trying to deposit three checks that were part of a race-discrimination lawsuit settlement with his former employer. Local police sho...More..

Hong Kong activates highest level of response to new coronavirus pneumonia
by | Saturday, January 25, 2020

Hong Kong activates highest level of response to new coronavirus pneumonia

The death toll in China has risen to 41, authorities reported on Saturday, from 26 a day earlier. China's leader on Saturday called the accelerating spread of a new virus a grave situation, as cities fr...More..

Coronavirus death toll rises to 41 in China, more than 1200 sickened
by | Saturday, January 25, 2020

Coronavirus death toll rises to 41 in China, more than 1200 sickened

A virus outbreak in China has prompted seven Chinese films that were set to premiere during the holiday to postpone screenings, forgoing what is usually the best week of the year at the Chinese box office. Ev...More..

European Central Bank launches its first strategy review since 2003
by | Saturday, January 25, 2020

European Central Bank launches its first strategy review since 2003

As per the ECB's president, Christine Lagarde, it is in the best interest of the economy to have the review completed before the end of 2020. Much of Lagarde´s first weeks and months in office were spent smoo...More..

Second US case of coronavirus confirmed in Chicago
by | Saturday, January 25, 2020

Second US case of coronavirus confirmed in Chicago

On Friday, the Centers for Disease Control and Prevention confirmed a second case of the virus in the U.S. The latest patient returned to IL from Wuhan, China January 13 and reported symptoms a few days l...More..

U.S. stocks close mostly higher, led by tech, industrials
by | Saturday, January 25, 2020

U.S. stocks close mostly higher, led by tech, industrials

Fears that the coronavirus could spread, dampening tourism and economic growth, has weighed on global markets this week, driving up demand for U.S. government bonds and safe-play stocks. Sentiment began to ...More..

Who is most likely to catch China's coronavirus?
by | Friday, January 24, 2020

Who is most likely to catch China's coronavirus?

Nearby Huanggang , a city of 7 million people, is suspending public transport and closing venues, including movie theatres and internet cafes. Other Scottish universities have given general advice to student...More..

by | Friday, January 24, 2020

Greta Thunberg says her 'demands' to Davos billionaires 'have been completely ignored'

Asked about Thunberg's previous calls to divest from fossil fuels, Mnuchin told a news briefing: "Is she the chief economist?" "Before we came here, we had a few demands". Thunberg, whose school strike moveme...More..

U.S. officials see EU, British trade deals in 2020, not India
by | Friday, January 24, 2020

U.S. officials see EU, British trade deals in 2020, not India

Mr. Mnuchin said those taxes are " discriminatory in nature" because they mostly affect US companies. France has imposed a 3pc levy on the digital revenue of companies that make their sales primarily in cybe...More..

At least 9 people being tested for coronavirus in Alameda County
by | Friday, January 24, 2020

At least 9 people being tested for coronavirus in Alameda County

Officials have also closed public gathering places, such as movie theaters and internet cafes in some cities. After a two-day meeting, the World Health Organization said Thursday that the outbreak is an e...More..

EU chiefs sign Brexit deal ahead of parliamentary vote
by | Friday, January 24, 2020

EU chiefs sign Brexit deal ahead of parliamentary vote

The New European is proud of its journalism and we hope you are proud of it too. The European Parliament still has to back the deal in a vote next week but its approval in London is a historic moment, as B...More..

Oil prices slip amid over-supply worries
by | Friday, January 24, 2020

Oil prices slip amid over-supply worries

The upcoming estimate, which will be released later on Thursday, stands at a negligible -0.1 million, but an unexpected reading could affect US crude prices. "It's the reason that recent incidents we have see...More..

Trump Puts Europe on Notice Over Trade: 'We Can't Do It Anymore'
by | Thursday, January 23, 2020

Trump Puts Europe on Notice Over Trade: 'We Can't Do It Anymore'

Amid years of Beijing-Washington economic tussling, the disputes have led to the two countries imposing huge tariffs on each others' goods, amounting to billions of dollars in penalties. I think it would be ver...More..

by | Thursday, January 23, 2020

China cancels Lunar New Year events over deadly virus fears

Most flights in and out of the city have been canceled . "The decision about whether or not to declare a public health emergency of worldwide concern is one I take extremely seriously, and one I'm only pre...More..

Tesla becomes first American automaker worth $100 billion
by | Thursday, January 23, 2020

Tesla becomes first American automaker worth $100 billion

For achieving the first milestone, Musk will get shares worth $346 million if Tesla shares hold above $100 billion over six months, based on the formula. After saying three months ago that Tesla was no niche ma...More..

'Africa's richest woman' named as suspect in Angola oil probe
by | Thursday, January 23, 2020

'Africa's richest woman' named as suspect in Angola oil probe

She is under criminal investigation by the authorities in Angola for corruption and her assets in the country have been frozen. In 2018, dos Santos left Angola after her father, José Eduardo dos Santos, ste...More..

Cruise Origin: is this the future of urban transportation?
by | Thursday, January 23, 2020

Cruise Origin: is this the future of urban transportation?

There are no conventional vehicle controls at all, and nowhere for a safety driver to sit; the Cruise Origin is completely driverless. The Origin is roughly a year away from first testing on San Francisco...More..

First case of deadly Chinese coronavirus in US
by | Thursday, January 23, 2020

First case of deadly Chinese coronavirus in US

According to news agency AFP, Australia and the Philippines are each investigating one suspected coronavirus infection. So far six deaths have been attributed to the Wuhan coronavirus . The new coronavir...More..

Central banks form group to explore digital currency creation
by | Thursday, January 23, 2020

Central banks form group to explore digital currency creation

Just last month, Sweden's central bank said it would sign a deal with consultancy firm Accenture to create a pilot platform for a digital currency, known as the e-krona. In conjunction with the Bank for Inter...More..

Delta gave its employees 2 months’ extra pay
by | Wednesday, January 22, 2020

Delta gave its employees 2 months’ extra pay

According to the spokesperson, the company's bonus for participating in profits is in addition to all other financial benefits that it usually provides to employees, such as match 401 (k) and other bonus prog...More..

U.S. threatens retaliatory levies if United Kingdom presses ahead with digital tax
by | Wednesday, January 22, 2020

U.S. threatens retaliatory levies if United Kingdom presses ahead with digital tax

We plan to go ahead with our digital services tax in April. Tim Wach, managing director of Taxand, said: 'The looming threat of trade wars between the U.S. Several European countries have been infuriated by...More..

Trump says United States has plan to contain coronavirus
by | Wednesday, January 22, 2020

Trump says United States has plan to contain coronavirus

Mr Trump also took his biggest swipe yet at the Federal Reserve, whose policies he believes are holding back the U.S. economy. President Trump's more than 30-minute long speech was devoted to highlighting t...More..

China reports 440 confirmed cases of new coronavirus pneumonia
by | Wednesday, January 22, 2020

China reports 440 confirmed cases of new coronavirus pneumonia

The virus' symptoms include fever, cough or chest tightness, and difficulty breathing. It can help mobilize an global response to an outbreak, provide more resources and focus government attention on the issue...More..

Amazon India to Have 10,000 Electric Delivery Rickshaws by 2025
by | Wednesday, January 22, 2020

Amazon India to Have 10,000 Electric Delivery Rickshaws by 2025

An Amazon spokesperson told Business Insider Amazon India plans to deploy 10,000 electric vehicles in its fleet by 2025, but did not say how many of these vehicles are now in service. Bezos, though, focusse...More..

India 'biggest contributor' to downward revision in global growth: IMF's Gita Gopinath
by | Tuesday, January 21, 2020

India 'biggest contributor' to downward revision in global growth: IMF's Gita Gopinath

Both figures are down compared with forecasts in October, and it marks the IMF's sixth straight reduction for 2019. In its report on Nigeria, it said, "Growth in Nigeria is expected to remain subdued". While ...More..

Government Considering Applying 20% Tax Rate to Cryptocurrencies
by | Tuesday, January 21, 2020

Government Considering Applying 20% Tax Rate to Cryptocurrencies

When viewed as capital gains, the bureau had to first be given trading data from crypto exchanges in order to ascertain the tax obligations and calculate the baseline for the payments. Naturally, the indust...More..

Uber Eats sells Indian business to local rival Zomato
by | Tuesday, January 21, 2020

Uber Eats sells Indian business to local rival Zomato

In a blog post , Zomato Founder Deepinder Goyal assured Uber Eats India users that their user experience won't be compromised in any way. Uber Eats' India operations contributed just 3% of gross bookin...More..

Macron, Trump may have tariff truce in 2020 digital tax fight
by | Tuesday, January 21, 2020

Macron, Trump may have tariff truce in 2020 digital tax fight

Macron tweeted he had a "great discussion" with Trump. The presidents of France and the USA agreed Monday to work together to resolve a spat between their two countries over Paris' digital services tax. The ...More..

World Health Organization to convene emergency meeting as China virus spreads
by | Tuesday, January 21, 2020

World Health Organization to convene emergency meeting as China virus spreads

The Chinese government announced Tuesday it was classifying the outbreak in the same category as SARS , meaning compulsory isolation for those diagnosed with the disease and the potential to implement quaranti...More..

Countries involved in Libya to respect arms embargo: Merkel says
by | Tuesday, January 21, 2020

Countries involved in Libya to respect arms embargo: Merkel says

The first direct test of any Berlin accord would be whether Haftar's forces abided by the ceasefire, and sent delegates both to a United Nations ceasefire committee and political talks in Geneva aimed at sett...More..

Trump impeachment case sent to Senate for trial
by | Monday, January 20, 2020

Trump impeachment case sent to Senate for trial

They added: "The case against the president of the United States is simple, the facts are indisputable, and the evidence is overwhelming". "Will the senators allow the House to call witnesses to introduce d...More..