Markets
Trudeau expands employment benefits as COVID support plan ends
Then users can be notified if their phones have recently been near the phone of a person who later volunteers that they have tested positive for COVID-19. The prime minister also made a few announcements concerning COVID-19-related financial benefits, telling residents that the Canadian Emergency Commercial Rent Assistance program will be extended through August. [Full Article...]
Twitter gives employees permanent work from home option post coronavirus lockdown
The company, which is under pressure to combat misinformation on its platform related to the pandemic, did not disclose the exact number of employees who will be presented with the option to work from home indefinitely. Nearly all employee business travel has been suspended until at least 2021. According to media reports , several other tech companies, such as Google , Microsoft , and Amaz... [Full Article...]
LSE considers sale of Borsa Italiana to get Refinitiv deal approved
The LSE owns MTS Markets which is one of Europe's top bond trading venues with daily turnover of €100m, while Refinitiv has a stake in Tradeweb which has a large share of the bond trading market in North America. Even before the recent revelation of LSE's intention to drop the Italian stock exchange from its portfolio, multiple European rival groups were already interested in bidding for the unit. [Full Article...]
Australia to Make Google, Fb Spend for Information Content
If the US-based platforms can not agree with the Australian media businesses on pricing after three months, arbitrators would be appointed to make a binding decision, the draft said. The move intends to ensure a "level playing field" for Australian companies. "Today's draft legislation will draw the attention of many regulatory agencies and many governments around the world", Frydenberg said dur... [Full Article...]
MSMEs Cannot Be Denied Credit Under Emergency Credit Scheme: FM
Finance Minister Nirmala Sitharaman gave this indication while speaking at the function of Industry Chamber FICCI on Friday. The Finance Minister said that the government is in touch with the Reserve Bank of India ( RBI ) regarding moratorium and restructuring on repayment of loans. [Full Article...]
Apple Tops Saudi Aramco as Most Valuable Publicly Listed Company
Apple's stock ended the session at $425.04 (roughly Rs. 31,800), putting its market capitalisation at $1.82 trillion (roughly Rs. 1.3 crore crores), according to the share count provided by Apple in a regulatory filing on Friday. On Thursday too, the company's shares soared up to 6 per cent after Apple reported revenue gains across every category and in every geography as consumers working and ... [Full Article...]
Oxford's Covid-19 vaccine India trial: Serum Institute asked to modify protocol
The company is also planning to begin the third phase of testing with a single shot vaccine in the second half of September as it will be utterly dependent on the outcome. The data, which was published in Nature , show the vaccine created an immune response as demonstrated by "neutralising antibodies". A single-shot immunization has practical and logistical advantages over a two-shot regimen for ... [Full Article...]
Kandi Brings the 'Most Affordable' Electric Cars in the U.S. to Dallas
Kandi America, the USA subsidiary of Chinese electric vehicle manufacturer Kandi Technologies Group , Inc., announced that it's entering the US market with the most affordable EVs. Kandi changes that and revolutionizes the EV-buying experience for many. Kandi aims to make reliable EVs affordable to anyone, "regardless of their financial status". [Full Article...]