Markets
Turkey's Erdogan hails huge natural gas find
The Turkish currency led gains in emerging-market currencies, as speculation mounted that President Recep Tayyip Erdogan will announce details of a major Turkish energy discovery in the Black Sea when he speaks later Friday. The 229-meter-long (751-foot-long) vessel, which weighs 5,283 gross tons, is capable of drilling to a maximum depth of 40,000 feet. It has dispatched warship-escorted vessel... [Full Article...]
EU's Barnier 'disappointed and concerned' after Brexit talks
The EU will not allow "cherry-picking or a la carte access to its internal market" because the bloc has "human, social, economic and environmental needs to defend which are fundamental interests for us", the chief negotiator repeated his point after the 7th round of negotiations. [Full Article...]
Qantas suggests 50pc global resumption will take two years
Australia's national airline Qantas reported a 2.8 billion USA dollar revenue hit for the second half of the 2020 financial year on Thursday due to the crippling effects of COVID-19. 'We're in a good position to ride out this storm and make the most of the recovery. Borders will open and then they will close, and we'll have to keep on managing it that way. [Full Article...]
Bronx couple assaulted teenage employee at Sesame Place
Troy McCoy and Shakerra Bonds, both of the Bronx, each face charges including criminal conspiracy, disorderly conduct and harassment in the August 9 attack on the 17-year-old worker, Middletown Township police said Wednesday. His jaw is now wired shut, Forman told CBS. On Wednesday, Middletown Township Police Department in Pennsylvania revealed that they were able to apprehend Bronx, New York,... [Full Article...]
Google Pushes Back Against Proposed Australian Law Over News Content
As we know, Google is a search engine and does not create anything on its own. The ACCC added that the code would allow Australian news businesses to "negotiate for fair payment" for journalists' work that is included on Google services. "But rather than encouraging these types of partnerships, the law is set up to give big media companies special treatment and to encourage them to make enorm... [Full Article...]
Rupee Returns To 75 Mark Against Dollar After Over 2 Weeks
The price of gold appears to be staging a V-shape rebound as it attempts to get back above the psychologically important $2000 mark, and the Federal Open Market Committee (FOMC) Minutes may do little to derail the bullish price action as the crowding behavior in the US Dollar looks poised to persist. [Full Article...]
Another 1.1 million workers filed jobless claims last week
Last week, the number of Americans filing for jobless aid fell below 1 million for the first time since the pandemic began. The previous week's level marked the first time since the pandemic began that the initial claims figure dipped below a million people, but the data for the week up to last Friday suggests the tide of layoffs has not in fact turned, nearly six months after COVID-19 started t... [Full Article...]
Scotiabank to pay over $127 mln for precious metals price manipulation
The Bank of Nova Scotia has agreed to pay more than $127 million United States in fines to settle criminal investigations into a price manipulation scheme in the price of precious metals that some of its traders were engaged in. American authorities said that on thousands of occasions between January 2008 and July 2016, four Scotiabank traders placed orders to buy and sell precious metals contract... [Full Article...]