Israeli Prime Minister Benjamin Netanyahu on Sunday said it would be a mistake “to go back to business as usual with Iran,” signaling Israeli resistance to an expected push by President-elect Joe Biden to revive the international nuclear deal with Iran. Netanyahu spoke at a press conference with Robert O’Brien, President Donald Trump’s national security…
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Wall Street forecaster James Bianco warns the new economic lockdowns will hurt the holiday rush. According to Bianco, the fallout from surging coronavirus infections is starting to put consumers on alert due to job market uncertainty — particularly for those who can’t work from home. “Roughly around 30% of the jobs in the American workforce…
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China’s Huawei Technologies Co Ltd reported a 9.9% rise in nine-month revenue on Friday, as U.S. export restrictions and the global COVID-19 pandemic weakened sales growth in products such as smartphones and telecoms equipment. Revenue reached 671.3 billion yuan ($100.44 billion) over January-September, it said in a statement, without providing a segment breakdown. Revenue grew…
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Most unemployed workers will get up to $1,800 in extra jobless benefits through the Lost Wages Assistance program created last month by the Trump administration. The program pays a $300-a-week federal subsidy on top of the unemployment benefits workers currently receive. It follows the lapse of a $600 weekly supplement in late July. States, which…
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Companies around the world will take on as much as $1 trillion of new debt in 2020, as they try to shore up their finances against the coronavirus, a new study of 900 top firms has estimated. The unprecedented increase will see total global corporate debt jump by 12% to around $9.3 trillion, adding to…
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Goldman Sachs has offered its employees worldwide an extra 10 days of leave to help them care for children or elderly relatives affected by the coronavirus. The US bank told employees last night that they were entitled to the extra time off to handle the “unique personal circumstances related to the profound impact of Covid-19”.…
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If you haven’t received your coronavirus stimulus check yet, there’s a chance you’ll get it in the form of a prepaid debit card rather than a check in the mail. The Treasury Department announced Monday that around 4 million people who do not have their direct deposit information on file with the IRS will receive…
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New Delhi: India’s crisis recovery perceptions are positive on the health front but lagging in terms of economic recovery, a white-paper by consumer insights and brand analytics company TRA Research said. There is a significant gap between the ongoing national lockdown in terms of decision making and implementation, and fears of long-term financial and economic…
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“Volcker was the man who made America a country that was regarded as not willing to take inflation anymore,” one financial analyst said. Former Federal Reserve Chairman Paul Volcker, who guided economic policy for more than half a century and served under six presidents, died Sunday. He was 92. Perhaps best known in recent years…
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Last week we show you 5 most generous people in the world, moving on, we will show you top 5 most generous people in the world : 5. Charles Francis Feeney Lifetime donations: $6.3 billion Net worth: $1.5 million Generosity Index: 420,000% Known as the “James Bond of philanthropy,” retail magnate Chuck Feeney is on…
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