Markets
Futuristic 'Flying-V' plane makes successful maiden flight
The design doesn't have the length of the comparable long-haul, widebody Airbus A350, but it has the same wingspan, which means that the Flying-V would suit present airport infrastructure, such as gates and runways. The team optimized the scaled flight model to prevent the issue. According to industry experts, the successful completion of this test is surely a milestone achievement, as it helped e... [Full Article...]
Facebook and Google employees allowed to work from home until 2021
However, he did say at Thursday's meeting that some employees who need to go into the office can start doing so from around early July, but with enhanced safety measures in place around those workplaces. The trend for working from home may suit some companies while they redesign their office spaces to cater to new social distancing guidelines. Some employees are nervous about returning to work... [Full Article...]
Biden says he'll take coronavirus vaccine
U.S. Treasury Secretary Steven Mnuchin said in June that a decoupling of the U.S. and Chinese economies would result if U.S. companies were not allowed to compete on a fair and level basis in China's economy. Biden asked, adding a sarcastic chuckle. Trailing in national opinion polls as the U.S. death toll from the virus approaches 190,000, Trump unleashed a broad attack against both the forme... [Full Article...]
Pentagon reaffirms decision to award multi-billion JEDI contract to Microsoft
However, the contract can't move forward yet due to a court order putting it on hold as Amazon pursues a lawsuit over the bidding process. In the lawsuit, Amazon alleges that officials failed to properly evaluate technical aspects of the proposals. [Full Article...]
Oil price falls after Saudi cuts rates amid demand uncertainty
Oil prices continued their decline on Monday, as the market is growing less and less confident that oil demand will recover as quickly as it hoped. Earlier in March this year, Saudi Arabia started price-cutting by reducing the price of its oil, after which the global price of crude fell to a record. [Full Article...]
Rights are safe says Michel Barnier — Britons in EU
She said in a tweet that the agreement is an "obligation under worldwide law" and a "prerequisite for any future partnership". If implemented, the Bill would end the legal legitimacy of the Withdrawal Agreement in areas such as NI customs and state aid and financial assistance. [Full Article...]
Chanda Kochhar's husband Deepak Kochhar arrested by ED in ICICI-Videocon case
The action follows hours of grilling based on new evidence the agency had come across with regard to a money trail involving Deepak Kochhar's business entities, including his flagship company NuPower Renewables. NuPower Renewables, a company controlled by Deepak Kochhar, had also been named. Sources say that during the fresh round of questioning, Kochhar maintained the stand that the funds recei... [Full Article...]
Police say 633 detained at Belarus protests
Lukashenko has been in power since 1994 and, buoyed by a show of support from traditional ally Russian Federation, has rejected calls for new elections . A leading opposition activist in Belarus and two other members of an opposition council went missing Monday, raising fears they were detained as authorities seek to squelch almost a month of protests against the re-election of the country's auth... [Full Article...]