Month

June 2020
A New Card Ties Your Credit to Your Social Media, Gilead Chooses Middle Ground in Pricing of Its Coronavirus Drug, Lebanon’s Team of IMF Negotiators Loses Another Key Official.
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WORLD FINANCE NEWS BRIEF Amazon Spends a Billion on Zoox to Enter the Self-Driving Car Battle by media.thinknum.com Zoox is from California, it was founded in 2014 “with the vision of purpose-built, zero-emissions vehicles”, Imagining the goal for Amazon long term is easy: they want to be able to ship anything to anyone anywhere, and...
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WORLD FINANCE NEWS BRIEF IMF Projects Deeper Global Recession on Growing Virus Threat by bloomberg.com The fund said Wednesday it now expects global gross domestic product to shrink 4.9% this year, more than the 3% predicted in April. For 2021, the fund sees growth of 5.4%, down from 5.8%. “A high degree of uncertainty surrounds...
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WORLD FINANCE NEWS BRIEF Mnuchin Says Stimulus May Pass Congress in July to Boost Economy by bloomberg.com The Trump administration has privately discussed a $1 trillion measure as a way to stimulate jobs growth after the Covid-19 pandemic. Mnuchin reiterated that he and the president are not inclined to shut down the economy a second...
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WORLD FINANCE NEWS BRIEF Trump Moves to Temporarily Suspend New H-1b, Other Visas Amid Covid-19 Pandemic by wsj.com The restrictions, which are set to take effect June 24. The order is likely to be challenged in court by business groups. In addition to the H-1B visa, the temporary ban will apply to new H-2B visas,...
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WORLD FINANCE NEWS BRIEF China Investor Buys Dirt Cheap Bank Stocks Nobody Else Wants by bloomberg.com China’s biggest listed lenders have seen their shares sink by 13% in 2020. Zhou via phone from his office in Shanghai said: “The return on equity is relatively high while operating costs of Chinese banks are low compared with...
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WORLD FINANCE NEWS BRIEF Big Banks Are Finally Hiring Again With Coders in Demand by bloomberg.com Asia has emerged faster from the months-long lockdown, giving room for lenders in the region to step up recruiting. “While other hiring can wait, tech is not just something that you can pull the plug on. The systems need...
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WORLD FINANCE NEWS BRIEF Hedge Funds Raise Short Bets Against UK Companies by ft.com The number of net short positions — bets on stocks declining — reached 1,569 between January 2 and May 25, an increase of 25 per cent on the same period last year, according to an analysis of data reported to the...
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WORLD FINANCE NEWS BRIEF The Pandemic Has Everyone Ditching Coal Quicker Except Asia The future of coal depends on Asian demand, which is still growing, and is offsetting the decline from the rest of the world over the next decade,” said Shirley Zhang, an analyst at Wood Mackenzie Ltd. Asia’’s share in total global coal...
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WORLD FINANCE NEWS BRIEF Nissan Email Trail Casts New Light on Takedown of Carlos Ghosn There’s some evidence to support Carlos Ghosn’s claim. According to people familiar with what happened and previously unreported internal correspondence. Nada wrote in mid-2018 to Hitoshi Kawaguchi, a senior manager at Nissan responsible for government relations, according to the correspondence....
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