Main urban areas in Japan, including Tokyo, are under a state of emergency, with evening dining at restaurants discouraged. The S&P 500 posted 54 new 52-week highs and no new lows; the Nasdaq Composite recorded 336 new highs and four new lows. [Full Article...]
The companies used so-called geo-blocking practices to prevent players from activating and playing games sold either on DVD or by download, the commission said. Valve was found to be conspiring with another five game publishers to establish an anti-trust system on Steam . In short, the European Commission took issue with the fact that publishers could set keys for Steam to only be activated ... [Full Article...]
It took a little over three months for the BSE Sensex to climb from 40,000 to 50,000 points, and took just nine sessions to gain 1,000 points from 49,000 points, Financial Express reported. Healthy buying was witnessed in auto and telecom stocks. MSCI's broadest index of Asia-Pacific shares outside Japan touched record highs and was last up 0.85%. [Full Article...]
Prime Minister Boris Johnson has said he "understands the frustrations" of businesses exporting to Europe after seafood hauliers protested against the Brexit fishing deal by stacking lorries in central London. "They'll buy it but if the stuff is weaker they'll pay less for it", he said. Many in coastal communities voted for Brexit but said they had not expected this impact. [Full Article...]
At his first news conference since the creation of Stellantis on January 16, Tavares repeated a promise not to close factories as a result of the merger. "We are now deciding where we are going to put those investments", he said. Tavares said that, unlike French rival Renault, there are no plans for the Peugeot brand to renter the US market, where it will continue to focus on leveraging th... [Full Article...]
On the supply side, the IEA said that after "falling by a record 6.6 mbd in 2020, world oil supply is set to rise by over 1.0 mbd this year". Methane - which can be the product of natural sources as well as human operations - doesn't linger in the atmosphere almost as long as Carbon dioxide (around 12 years compared with centuries), but its capacity to absorb heat makes it a much more unsafe gre... [Full Article...]
It said clothing prices rose marginally - up 0.1% - between November and December, in contrast to the usual falls seen due to Boxing Day sales, though prices still dropped on an annual basis. He added: "Should the vaccine be successfully rolled out and restrictions reduced, it is likely inflation will pick up in the second half of the year, driven by consumers spending the money they have been una... [Full Article...]
The Covid-19 pandemic looks set to have a lasting impact in the next ten years. "Economic and societal fallout from COVID-19 will profoundly impact the way organisations interact with clients and colleagues long after any vaccine rollout". [Full Article...]