Category: Uncategorized

Amazon begins rolling out bigger UPS and FedEx-style delivery trucks

Amazon.com (AMZN.O) is launching a new fleet of bigger, boxier trucks like those favored by rival package carriers United Parcel Service Inc (UPS.N) and FedEx Corp (FDX.N), as it fights to fix widespread pandemic-fueled delivery delays that sent customers into the arms of competitors like Walmart Inc (WMT.N). The world’s largest online retailer ordered more…
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Elon Musk’s net worth zooms past Warren Buffett’s, Bloomberg reports

Elon Musk’s net worth soared past Warren Buffett on Friday as the chief executive officer of Tesla Inc (TSLA.O) became the seventh richest person in the world, according to the Bloomberg Billionaires Index. Musk’s fortune rose by $6.07 billion on Friday, Bloomberg News said, following a 10.8% jump in the electric carmaker’s stock. Buffett’s net…
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Coronavirus bringing record $1 trillion of new global corporate debt in 2020

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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Life after Zoom: corporate travel agents plot safe return to business trips

Corporate travel agents are using the coronavirus-induced lull in bookings to work with companies on how to get their staff out of Zoom videoconferences and safely back in the air. They are launching new tools to provide on-the-ground information about local mask requirements, social distancing regulations and quarantine rules, as well as details of hotel,…
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Tesla slashes Model Y SUV price as pandemic weighs on auto sector

Tesla Inc (TSLA.O) cut the price of its sport utility vehicle Model Y by $3,000, just four months after its launch, as the U.S. electric carmaker seeks to maintain sales momentum in the COVID-19 pandemic. The reduction follows price cuts in May on Tesla’s Model 3, Model X and Model S. The company headed by…
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China Mobile and Huawei jointly deploy 5G to the top of the world

The new 5G site on the altitude of 6,500 meters shows capability to deliver the network to the peak of Everest China Mobile and Huawei have jointly taken 5G connectivity to a new height by bringing a dual Gigabit network to the summit of Mount Everest upon the completion of the world’s highest 5G base…
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A dollar crash is virtually inevitable, Asia expert Stephen Roach warns

The stronger dollar era may be on borrowed time. Stephen Roach, one of the world’s leading authorities on Asia, is worried a changing global landscape paired with a massive U.S. budget deficit will spark a dollar crash. “The U.S. economy has been afflicted with some significant macro imbalances for a long time, namely a very…
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From Paranthas to shampoos here’s listing the stranger things that attract GST

Odd items that attract GST The inclusion of paan masala under the GST structure has been under discussion for a while. In the 40th meeting of the Council as well, no consensus could be reached. If you think paan masala is a weird item to argue about, take a look at some other oddities in…
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Goldman Sachs offers employees an extra 10 days of family leave to cope with coronavirus

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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Coronavirus: UAE moves to mitigate economic fallout

Beyond grappling with the global public health crisis sparked by the COVID-19 pandemic, governments the world over are doing what they can to mitigate the economic fallout from lockdowns and social distancing. Already, the stock markets have witnessed the kind of downturn not seen in a generation. The Middle East was no exception. Even the…
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