Markets
US October job openings blip up to 6.7 million but hiring slows
Visit Business Insider's homepage for more stories . "October job openings are likely to disappear in a hurry relatively speaking by the end of the year with new strict stay-at-home orders issued in California this month, which is the most populous state in the country". [Full Article...]
China consumer prices drop for first time in over a decade
Last year, the outbreak and the lack of pork raised the prices considerably. In October this year, the CPI rose 0.5% year-on-year. Pork prices dropped 12.5 percent in November from a year earlier, and, in October, were down 2.8 percent due to a rebound in pig stocks. [Full Article...]
United Kingdom to impose retaliatory tariffs on steel and aluminium after Brexit
The UK views a trade deal with the U.S. as one of the major prizes on offer as a result of Brexit . There is a political carrot in the possible removal of US Scotch whisky tariffs, which could be used as electoral capital in Holyrood elections. [Full Article...]
Tesla launches second $5 billion share sale since September
In September, Tesla said it would raise $5 billion to ease its future debt pressures as the company seeks to massively expand production of its existing vehicles and build new factories near Berlin, Germany and Austin, Texas. Wedbush's Daniel Ives said in a client note that the current move makes sense given the strong rally in the company's shares and investors' keen interest in the electric vehi... [Full Article...]
Asian stocks follow Wall Street lower amid virus worries
Global stocks and USA futures declined Tuesday as surging coronavirus infections in the United States and some other countries tempered investor optimism over development of possible vaccines. The Nasdaq Composite Index was up 55.71 points, or 0.45 percent, to 12,519.95. Traders also are watching to see whether US political leaders can agree on a new aid plan for the struggling economy after sup... [Full Article...]
Toyota to globally unveil an all-electric SUV in 2021
At this stage, only a stylised silhouette and details of the platform architecture have been released. As part of this plan to finally embrace all-electric zero emissions technology (previously Toyota has focussed mainly on development of its hydrogen fuel cell Mirai), Toyoshima noted that a new business model will be embraced by the auto maker in order to ensure its profitability. [Full Article...]
Ikea scraps famed printed catalogue after 70 years
But as fewer people were reading the printed catalogue as online shopping soared, the retailer said it had taken the "decision to respectfully end the successful career of the Ikea Catalogue". "Turning the page with our beloved catalog is, in fact, a natural process since media consumption and customer behaviors have changed". Replacing the old app, for the first time customers will be able to s... [Full Article...]
Article image 'Millionaire's tax' for virus relief passes Argentina Senate
Those with assets worth more than 200 million pesos ($2.5m; £1.8m) - some 12,000 people - will have to pay. Argentina, which is home to 44 million, has reported more than 1.4 million coronavirus cases and nearly 40,000 deaths, according to data from Johns Hopkins University. [Full Article...]