Two of the three remaining undefeated NFL teams face off Sunday.
The researchers say that glass shields could be an important tool in preventing the spread of coronavirus in classroom settings.
Investors are confident about the company's prospects after its strong secondary stock offering pricing.
Grab your skates, blast some Fleetwood Mac and check out which celebs are rolling through life
Britain said Wednesday it was resuming trade negotiations with the European Union, accelerating the fraught process to round-the-clock meetings in a bid to salvage a deal within weeks.
Saudi women's summit accused of 'whitewashing' record on rightsSister of jailed activist, Loujain al-Hathloul, says attendees legitimise regime that silences women
The live music industry was brought to a standstill in March as coronavirus spread.
China will strike a balance between stabilising economic growth and preventing risks, even as debt was allowed to temporarily rise this year to support the coronavirus-hit economy, the head of the central bank Yi Gang said on Wednesday. Yi, the governor of the People's Bank of China (PBOC), told a financial forum in Beijing that he expected China's macro leverage ratio to stabilise next year as the economy expands, after the debt gauge rose in 2020. "Monetary policy needs to guard the 'gates' of money supply, and properly smooth out fluctuations in the macro leverage ratio, and keep it on a reasonable track in the long run," Yi said.
Tesla Inc <TSLA.O> Chief Executive Elon Musk on Tuesday evening tweeted that the electric car maker will be rolling out a new version of its Full Self Driving software, the latest attempt by the California-based company to tout autonomous driving. Tesla's "Full Self Driving" software would be an important source of revenue, once it is fully deployed. Tesla owners have paid $8,000 up front in hopes of eventually receiving the upgrade.
The International Monetary Fund gave a thumbs-up on Wednesday to plans by new Japanese Prime Minister Yoshihide Suga to maintain the thrust of his predecessor's "Abenomics" stimulus programmes, while pushing through reforms to revitalise the economy. Odd Per Brekk, deputy director of the IMF's Asia and Pacific department, also urged the Bank of Japan (BOJ) to consider reviewing its 2% inflation target to make it more flexible -- repeating a recommendation made earlier this year. "Such a review would provide the BOJ with an opportunity both to reconfirm its commitment to the target and to increase policy flexibility as needed," he told Reuters in a written interview.
Congresswoman Alexandria Ocasio-Cortez took to Twitch, the popular video game livestreaming platform, to get out the vote -- to 435,000 simultaneous viewers. On Monday, Ocasio-Cortez announced on Twitter that she was looking to play "Among Us," the massively popular murder mystery video game, on Twitch to encourage people to vote. On Tuesday night, she launched […]
The International Monetary Fund slashed this year's economic forecast for Asia, reflecting a sharper-than-expected contraction in countries like India, a sign the coronavirus pandemic continues to take a heavy toll on the region. "Fear of infection and social distancing measures are dimming consumer confidence and will keep economic activity below capacity until a vaccine is developed," the IMF said in a report on the Asia-Pacific region released on Wednesday. "Although China's recovery can boost regional trade, weak global growth, closed borders, and festering tensions around trade, technology, and security have worsened the prospects for a trade-led recovery in the region."
Measurements from the Copernicus Sentinel-5P satellite show that the hole reached its maximum size of 25 million square miles on 2 October.
Lesotho transport operators have begun a seven-day countrywide strike in protest against a new mobile traffic court, saying its hefty fines were killing their struggling business amid Covid-induced woes. Bus and taxi operators are also protesting that the mobile court subjected people to unfair trials as it did not give them sufficient time to prepare their cases and seek legal representation.Launched in June this year, the mobile traffic court is a fully equipped vehicle operating as a magistrate court but trialling only cases of traffic offences on the spot.On Wednesday morning, public transport users were forced to walk to their workplaces while many had to return home because they could not get buses and taxies to ferry them to work and other destinations.Known for morning-hour traffic jams caused mainly by the influx of second-hand imported cars from Japan, in the capital Maseru traffic was smooth. Mainly private cars and very few taxis were seen on the roads leading into the city. Lesotho: Soldiers arrested for murder of controversial Chinese doctor Lesotho's under-fire PM sends in army to 'restore order' The strike continues despite the government’s indefinite suspension on Tuesday of the mobile court to avert the imminent strike. For the operators, the suspension is not enough – they want its complete removal from the country’s roads.Transport operators said the police no longer issued spot-fines but all minor offences are brought to court, typically ending in higher fines (ranging from $6.06 to $90.9) as opposed to a spot-fine (usually $1.81).Transport operators had petitioned Prime Minister Moeketsi Majoroto address their grievances by 19 October but the Maseru Region Transport Operators Chairperson, Mokete Jonas said Majoro missed their deadline without giving an explanation.Instead, the Minister of Transport, Tšoeu Mokeretla, announced on local radio that the mobile court was suspended indefinitely to allow for negotiations. To their dismay, Jonas said the government has not initiated any communication with them.The mobile court has not only affected the transport industry, as most of the vehicles are parked at home in towns where it is deployed, but the brunt is also felt by small businesses that rely on the taxi industry.According to Road Fund, the court also aims to ensure effective collection fines on traffic offences, “which Road Fund identified as a need”.This has led to a modified practice by the police on roadblock campaigns done collaboratively with the mobile court.“The government has turned against our industry. If it's not saddling it with taxes, its fines don't even consider the Covid-19 challenges,” Jonas told a media briefing on Monday.Speaking to RFI, the magistrate court information officer said the payments end up being higher because of multiple charges that result in multiple fines on one person.The transport operators in August sued the government in a bid to stop mobile court, but two months on, the case is still pending in court. In their application, the taxi operators argued that the mobile traffic court is “a mockery of justice…applying the law of the jungle”.
Shares of iRobot (NASDAQ: IRBT), the maker of the Roomba robotic vacuum cleaner, are down 16% today as of 10:45 a.m. EDT, even after a strong quarterly earnings report. Chairman and Chief Executive Officer Colin Angle noted in the release that revenue exceeded its expectations in every geography, with particular strength in the U.S. market.
FOX Business Network (FBN) will present America Votes Together on Tuesday, October 27th at 2PM/ET anchored by Making Money host Charles Payne. Exactly one week from the 2020 presidential election, the virtual town hall will focus on how the candidates’ economic policies could impact the finances of everyday Americans as well as the top business issues that matter to voters.
Knowsley and Nottingham have the highest rates, but their numbers continue to fall.
Professor John Edmunds said action was needed across the whole country to stem rising coronavirus cases.
HSBC has launched a restructuring of its commercial banking business in Britain, a source familiar with the matter told Reuters on Wednesday, resulting in around 300 job losses. The cuts are part of a wider restructuring announced in February, as HSBC seeks to reduce costs globally in an environment where increasing revenues has proved difficult. "In line with the Group strategy announced in February, we continue to restructure and review the roles required to transform the bank," a spokesman for HSBC said.
(Bloomberg) -- Bitcoin surged to almost $13,000 for the first time since July 2019 after PayPal Holdings Inc. announced it will allow customers to use cryptocurrencies.The largest digital coin increased as much as 8.5% to $12,915 Wednesday, surpassing the previous high for the year of $12,473 set in August. Gains among so-called alt coins were even larger, with Litecoin jumping more than 13% and Bitcoin Cash surging more than 9%.PayPal customers can buy, sell and hold cryptocurrencies including Bitcoin, Ether, Bitcoin Cash and Litecoin from digital wallets, as well as using the virtual money to shop at the 26 million merchants on its network. Shares of PayPal jumped as much as 5.9% to $213.87, the biggest intraday increase since July 30.Mike Novogratz, who runs Galaxy Investment Partners, on Twitter called it “the biggest news of the year in crypto,” adding that banks will embark on a race to service digital currencies. “We have crossed the Rubicon,” he said.The news sparked an exuberant response from crypto fans who pointed to a string of recent announcements that suggest wider acceptance by old-school financial mainstays. Two public companies -- Square Inc. and MicroStrategy Inc. -- said recently that they invested in Bitcoin. And Fidelity Investments announced in August that it’s launching its first Bitcoin fund, adding its establishment name and star power to the often-maligned asset class.PayPal said it plans to make the features available as a funding source for purchases at its merchants worldwide and plans to expand it to Venmo soon. Merchants will be paid in traditional currencies such as the dollar rather than in cryptocurrencies when PayPal customers make purchases.Dan Schulman, the firm’s president and chief executive officer, said in a statement that “the shift to digital forms of currencies is inevitable, bringing with it clear advantages in terms of financial inclusion and access; efficiency, speed and resilience of the payments system; and the ability for governments to disburse funds to citizens quickly.”Users do face some limitations on PayPal. They can’t transfer coins in and out of accounts and can only hold cryptocurencies that they bought on PayPal. Any crypto coins held in an account can’t be transfered to other accounts, PayPal said.PayPal is stepping into crypto only a year after pulling out of the Libra Association, an effort started by Facebook Inc. to develop a digital currency. David Marcus, who leads the initiative for Facebook, used to be president of PayPal. Bitcoin’s been on a hot streak this month, rising more than 17% in October. Still, the use case for the cryptocurrency remains limited. Data from blockchain researcher Chainalysis Inc. last year showed hardly anyone used Bitcoin for anything beyond speculation.Partly it’s due to its wild price swings. The coin is up about 70% this year but is still around $7,000 away from its all-time high of about $20,000 set in December 2017. In March, during a coronavirus-induced selloff, it fell 31%.(Updates prices)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.