Markets
UK inflation hits four-year low on oil price fall, COVID impact
Economists said the level of inflation gives the Bank of England room to take more action to boost United Kingdom plc at its meeting tomorrow - when it is expected to launch at least another £100billion of quantitative easing (QE). Low inflation, an active Bank of England and persistent Brexit trade negotiation anxieties will all combine to ensure the Pound retains a subdued tone over coming w... [Full Article...]
Hertz kills share sale, ending unusual effort to fund bankruptcy
The stock, whose trading had been halted earlier in the day, jumped to nearly US$2.30 after the disclosure, and then slumped back to trade little changed at US$1.95 at 3:47 p.m. The company warned at least half a dozen times in its offering that would-be buyers could find themselves wiped out. It's not now offering shares and its advisers "have been in regular contact with the commission". [Full Article...]
Powell says Fed working to relieve coin shortage in USA economy
He made the comments in response to a query from Tennessee Congressman John Rose, " he stated a lender within his district told him it'd run out of coins from the end of the week since the Fed was sending some of its customary arrangement of coins. [Full Article...]
China pledges to supply COVID-19 vaccine to Africa free of charge
The Kenyan Head of State identified loss of jobs and reduction of revenues as key impacts of Covid-19 on African economies and appealed for more economic interventions by China. "We oppose politicization and stigmatization of COVID-19, and we oppose racial discrimination and ideological bias". Noting that China and Africa account for almost one-third of the global population, President Xi pledge... [Full Article...]
Officer Karen Has Meltdown Over Wait For McMuffin, Talk About McPrivilege
Talbert said she repeated her order - a McMuffin meal with hash browns and a coffee - and was then asked to pull her vehicle up to wait for it. The story continues as she explains how the McDonalds worker brings out her coffee, but no food. [Full Article...]
Zoom to offer end-to-end encryption for all users
He explained that they want to be able to help law enforcement in investigations and that people who use Zoom to disrupt online meetings and to engage in criminal acts and facilitate awful abuse generally use free (quasi-anonymous) accounts. [Full Article...]
Target raises its base pay to $15/hour
A Target spokesperson tells Yahoo Finance the pandemic pay will end as planned on July 4 after several deadline extensions. Along with boosting pay, Target is also increasing benefits for staff. Kroger ended its $2-an-hour boost in May, while Amazon plans to go back to its normal pay rates this month. Free backup care for all US employees through the end of August. [Full Article...]
American Airlines Unloads Irate Passenger For Refusing To Wear A Mask
Mr Straka's ban validates a warning United States airlines made this week when they vowed increased vigilance in requiring mask use amid mounting concerns about new Covid-19 infections. "Absolutely insane. We don't even have a choice anymore". I was just removed from my flight for not wearing a mask. It shouldn't come as a surprise that the campaign primarily seems to function as a wish-fulf... [Full Article...]