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Australia Unveils Its Plan to Make Facebook and Google Pay for News Media companies in Australia will be able to seek payment from Facebook Inc. FB 0.52% and Alphabet Inc.'s GOOG 0.62% Google for news articles that are posted on their platforms, according to new rules, which could set a precedent for other countries ...
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Monzo's losses double as popular UK digital bank warns of pandemic uncertainty Monzo reported an annual post-tax loss of £113.8 million in its 2020 accounts, up from the £47.1 million it lost last year. It said disruption resulting from Covid-19 has led to "significant doubt" about its ability to continue "as a going concern." The challenger ...
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Asian shares fall as data, earnings show pandemic fallout TOKYO — Shares were mostly lower in Asia on Friday as data and corporate earnings capture dismal portrayals of the coronavirus pandemic's impact on world economies. Market players are monitoring financial reports to see how businesses have managed ...
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French economy shrank by record 13.8% in second quarter, better than feared PARIS (Reuters) - The French economy contracted by a post-war record of 13.8% in the second quarter, as consumption, investment and trade all collapsed under a lockdown imposed to contain the COVID-19 pandemic, although the drop was shallower than ...
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Nokia culls low-margin business ahead of CEO change HELSINKI/STOCKHOLM (Reuters) - Finnish telecom network equipment maker Nokia (NOKIA.HE) reported an unexpected rise in its second-quarter underlying profit on lower revenues on Friday, as it reduced low-margin business before a new chief ...
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Facebook Posts Positive Q2 Earnings Amid Myriad Challenges Despite an ongoing ad boycott and the pall of the pandemic, Facebook still managed to beat analysts' revenue expectations during the second quarter of the year. Although modest by Facebook's standards, total revenue still grew by 11% during the period to ...
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United Parcel Service (UPS) Q2 2020 Earnings Call Transcript United Parcel Service (NYSE:UPS) Q2 2020 Earnings Call Jul 30, 2020, 8:30 a.m. ET. Contents: Prepared Remarks; Questions and Answers; Call Participants. Prepared Remarks: Operator. Good morning. My name is Stephen, and I will be your facilitator ...
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London Stock Exchange may sell Milan bourse to secure Refinitiv deal LONDON (Reuters) - The London Stock Exchange on Friday said it may consider selling part or all of its Italian stock exchange group to help get its planned $27 billion takeover of data and analytics group Refinitiv approved. The company said that it had ...
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Spain's Economy Crashes 18.5% in Europe's Worst Contraction Yet Spain's economy suffered a bigger blow than expected in the second quarter, burdening it with the prospect of a long recovery that's become even tougher because of additional headwinds facing the tourism industry. The record 18.5% drop in output -- led by ...
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As The Bitcoin Price Soars, Bitcoin's 'Real' Crypto Market Dominance Is Revealed Bitcoin has soared this week, rocketing above $11,000 for the first time since August last year and adding around 20% in just a few days. Some smaller cryptocurrencies have made massive gains in recent months as bitcoin treaded water, eating into bitcoin's ...
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Glencore ups expectations for trading, cuts coal guidance LONDON (Reuters) - Swiss-based Glencore (GLEN.L) said a stellar performance in trading would see it hit the top end of guidance for the year but posted lower production figures for its first half. Copper output fell 11% to 588,100 tonnes for the six months to ...
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PG&E Posts Steep Quarterly Loss Tied to Bankruptcy Costs PG&E Corp. Thursday posted a $1.97 billion loss in the second quarter as it dealt with bankruptcy-related costs, but said it expects to strengthen its business and become profitable next year now that it has emerged from bankruptcy protection. The San ...
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UK House Prices Rebound as Pent-Up Demand Supports Market U.K. house prices rebounded in July as pent up demand helped support the market, according to Nationwide Building Society, which said the government's stamp-duty cut will likely help boost value in the near term. Values rose 1.5% from a year earlier to an ...
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USPS Denies It's Giving the Trump Administration Undue Influence The U.S. Postal Service is denying the Trump administration has used its leverage in controlling the purse strings of a loan to gain improper influence over the mailing agency's business operations, despite pushback from lawmakers who said the loan terms ...
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California Pizza Kitchen files for Chapter 11 bankruptcy protection HOUSTON — Another restaurant chain has filed for Chapter 11 bankruptcy protection amid the coronavirus pandemic. According to Bloomberg, Golden Gate Capital-owned California Pizza Kitchen filed the petition in Houston on Wednesday, saying it hopes ...
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After 140% breakneck rally, RIL set to cool off on Q1 miss, say analysts NEW DELHI: Barring strong Jio numbers, Reliance Industries' June quarter results did not throw up any big surprise. And that raised concerns over rich valuations that the oil-to-telecom stock is trading at following its 140 per cent rally from March lows.
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Overstock.com Reports Q2 2020 Financial Results SALT LAKE CITY, July 30, 2020 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK) today reported financial results for the quarter ended June 30, 2020. Second Quarter Financial Highlights. Total net revenue was $783 million, an increase of 109% ...
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Monkey vaccine success paves way for human trials in fight against coronavirus The success of a coronavirus vaccine candidate in protecting monkeys from the dangers of COVID-19 led to the beginning of U.S. human safety trials for Johnson & Johnson on Thursday. According to a study published in the journal Nature, the company's ...
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Mimecast acquires MessageControl to increase its email protection services Email security provider Mimecast Ltd. said today it has acquired eTorch Inc., the owners of MessageControl, a messaging security provider that offers solutions to stop social engineering and human activity attacks, for an undisclosed price. Founded in 2015 ...
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Realogy's Q2 profits plunge after "unprecedented" drop in sales Realogy's profits plunged during the second quarter, after coronavirus slowed home sales across the country, the brokerage giant said Thursday. Realogy reported a $14 million loss during the quarter — a huge drop from $69 million in profits during the same ...
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FDA opens door to rapid, at-home testing for COVID-19 The U.S. Food and Drug Administration has opened the door to COVID-19 testing that could be fast, cheap and handled entirely at home – if companies don't find the rules too burdensome. Routine screening of people who don't know they have COVID-19 ...
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BAT sales hold steady as customers stick with the familiar Revenues at British American Tobacco remained largely flat in the first half, after smokers did not switch to cheaper brands as originally predicted by the group at the start of the pandemic. The FTSE 100 company said revenues grew 0.8 per ...
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Scottsdale woman blames mental illness for infamous mask rant at Target SCOTTSDALE, Ariz. — A Scottsdale woman who went viral in early July for recording herself ripping masks off a rack at Target says the incident was the result of a diagnosed but untreated mental illness. Melissa Rein Lively recorded the rant on July 4th at a ...
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Gold price today: Rs 53000 per 10 gm; silver falls to Rs 63000 a kg Gold prices jumped on Tuesday to Rs 53,000 from Rs 52,700 per 10 gram, while silver fell to Rs 63,000 from Rs 66,050 per kilogram, according to Good Returns website. Gold jewellery prices vary across India, the second-largest consumer of the metal, due ...
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Tax free weekends: Shop locally to keep needed dollars at home Two consecutive tax free shopping weekends kick off Friday. For 2020 only, the Tennessee General Assembly has approved two separate sales tax holiday weekends. During these weekends, certain goods may be purchased tax free. The first tax-free ...
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NYU Launches Coronavirus Safety Training for Uber, Lyft Drivers as Many Return to Work NEW YORK (Reuters) - Public health researchers at New York University are launching a coronavirus safety training for ride-hail workers at a time when many Uber and Lyft drivers are expected to return to the road as federal unemployment benefits expire.
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Make in India: Govt Imposes Import Restrictions on Colour TV Sets The Indian government on Thursday, 30 July, imposed restrictions on imports of colour television sets. Why Was Such a Decision Taken? This announcement was made by the Directorate General of Foreign Trade (DGFT) in an attempt to promote local ...
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