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Robots will destroy 85 million jobs as pandemic shifts labour demand

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Bombardier completes its exit of commercial aviation

The provincial government invested US$1 billion in the former C Series program four years ago, giving Bombardier a much-needed cash injection. Under the new d...

Singapore bank DBS evacuates 300 staff after coronavirus case surfaces - memo

When contacted for comment, DBS said it would put out a statement shortly. In a drill that may yet be played out in London and NY, a bank has closed its offic...

Barclays boss facing FCA investigation over ties to Epstein

Barclays PLC said Thursday that Chief Executive Officer Jes Staley retains the board's full confidence despite a United Kingdom regulatory investigation conc...

Bombardier exits commercial aviation, selling stake to Airbus

Quebec's stake in the A220 program will rise to 25 per cent, with Airbus controlling the rest. Bombardier, which is the subject of several rumours about its f...

UK economy stagnates in election months UK News

However, the first estimate for December's GDP showed that it grew by 0.3%, compared to a 0.3% decline a month previously. The ONS said growth in the services...

Daimler slashes its dividend following profit warning

Shares in the German automaker rose 2% after the earnings which had been flagged in preliminary figures on January 22. The Mercedes-Benz owner, which issued thr...

Sask. premier says rail blockades 'hamstring' Canada's economy

Canadian National Railway Co., the country's largest railway, warned Tuesday that it would have to close "significant" parts of its network unless blockades on ...

Portugal Freezes Assets of Angola's Former First Daughter

At the Angolan government's request, Portugal has frozen the bank accounts of Isabel Dos Santos. The global media published an investigation called " Luanda L...

Facebook reportedly acquires computer vision startup Scape Technologies

Scope's previous venture capital representative has resigned and replaced by two Facebook executives. However, according to my sources within London's tech comm...

January retail inflation at 7.59% hits a six-year high

In January, inflation was pushed up once again by an increase in food prices. Electricity generation also dipped 0.1 per cent as against a growth of 4.5 per...

LPG price hiked by Rs 144.5 per cylinder

The new rates would be applicable from today. Since August, the companies are hiking LPG prices every month, thereby burning a hole in common man's pocket. Th...

United Kingdom needs ambitious Brexit trade deal, not WTO terms

Instead, the EU will offer "equivalence", which means European regulators will dictate the standards that UK-based finance firms must uphold. But speaking in ...

Coronavirus Cited For Sharp Drop In Smartphone, PC Shipments 02/11/2020

In Q4 2019, shipments went down 15.6% year-over-year but Huawei managed not only to stay afloat but even hit 10.5% increase in domestic shipments compared to Q4...

Bank closes office after employee found infected with COVID-19

Singapore has reported 47 cases of coronavirus, one of the highest number of cases outside China where it has already claimed over 1,100 lives. The employee w...

United Kingdom needs ambitious Brexit trade deal, not WTO terms - Von Der Leyen

It plans to negotiate a free trade deal to govern its future relationship with the bloc, which taken as a whole is its largest trading partner, by the end of th...

Shanghai govt. to lend a helping hand to Tesla for resuming production

For the records, Tesla's United States dollars 2 billion Shanghai unit is the company's first outside U.S. facility which was built with support from the loca...

KS AG responds to Sprint merger ruling

T-Mobile will acquire Sprint's treasure trove of 2.5 GHz spectrum, which is in high demand as USA carriers seek mid-band spectrum for 5G. The ruling will pave...

Challenger bank N26 to close United Kingdom accounts in April

Launched in Germany and Austria in January 2015, N26 entered the United Kingdom in 2018, with CEO Valentin Stalf telling CNBC the move was a "no-brainer for u...

Powell: Economy looks resilient despite risk of China virus

Powell stopped short of saying the outbreak had changed the Fed's baseline outlook for the USA economy, or the expectation among many members of the Federal Ope...

Google’s head of human resources is stepping down

I'm at the very beginning of the process, and wanted to let everyone know upfront. The HR head will continue in another undisclosed role at the company, perha...

Oil prices fall on oversupply worries as virus hits China demand

As the alliance dithers, conditions in global crude markets are deteriorating. The pattern, which is known as contango and usually indicates oversupply, now ext...

Apple Facing Further iPhone Production Constraints From Coronavirus

About 20,000 people or 10% of the facility's workforce returned to work as of Monday. As a result, Foxconn has moved some of its production out of these locat...

The US economy added 225,000 jobs in January, beating expectations

In turn, though, the higher participation rate played a role in elevating the seasonally adjusted (SA) unemployment rate from 3.5% to 3.6%. Initial jobless...

Futures climb on China plan to cut tariffs on US products

The safe-haven yen and Swiss franc nursed losses versus the dollar while the yuan held on to gains in offshore trade in a tentative sign of improvement in risk ...

Interest rate stays at 0.75 percent: Australian bank

Ernst and Young chief economist Jo Masters said despite the encouraging domestic data in recent weeks - and RBA expectations that growth will be stronger this y...

Comunicazione anomalie sui corrispettivi telematici: CIVIS non necessario

Ultime notizie sullo scontrino elettronico 2020: una lettera di avviso dell'Agenzia delle Entrate avverte di possibili incongruenze. Nella nota agenziale ...

Ford posts $1.7 billion quarterly loss, offers weak 2020 forecast

Excluding one-time charges, Ford earned 12 cents a share, three cents below what analysts had expected. GM's fourth quarter profits took a US$3.6 billion hit ...

Murkowski: 'I Cannot Vote to Convict' President Trump

The pervasive toxicity at both ends of Pennsylvania Avenue all but forestalls the possibility of legislative accomplishments this year. Trump was still on the...

European Union and Britain are committed to a new trade deal

But judging by the statements from both sides of the English Channel on Monday, that hope seems likely to be unfulfilled. But the EU's chief negotiator Michel...

Goods & Services Deficit Narrowed by 1.7% in 2019

The goods trade deficit with Mexico jumped to a record high of $101.8 billion previous year. The U.S. trade deficit in goods with China fell by almost 18 perc...