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International Monetary Fund downgrades expectations for United Kingdom economic recovery in 2021

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Gold Surges to Record High as Investors Seek Safe Haven

Bullion futures pared a climb of more than 2% to a record as traders looked to lock in profits and the dollar recouped some of its earlier losses. "We think t...

Google employees to work from home until July 2021

Google LLC will allow its employees around the world to work from home until July 2021, altering an earlier plan to resume office work from next January amid...

Intel Chief Engineering Officer Departs Company; Technical Group To Be Reorganised

Intel announced last month that Keller was leaving. The company suffered two years of delay in its current 10nm chips, which is raising questions on the compa...

Florida man accused of using coronavirus relief funds to buy Lamborghini

Miami law enforcement impounded the auto, which federal prosecutors now strategy to seize. Hines received three payments totaling almost $4 million. Postal...

Memo Warns GOP Unemployment Benefit Formula Would Take Months to Implement

Chamber of Commerce. While the CARES Act gave $600 per week to unemployed workers, the new bill would reduce unemployment benefits to $200 per week . The b...

China Takes Over American Consulate In Chengdu

Beijing announced the US consulate in the southwestern city of Chengdu was closed as of 10 a.m. (0200 GMT) on Monday, after it ordered the facility be shut in ...

Target, like Walmart, will be closed Thanksgiving Day

Walmart , the nation's largest retailer, announced the move on Tuesday, and at the time, analysts expected more would follow. Thanksgiving sales, which are ...

Gold prices to lose luster near $2,000: J.P. Morgan

Bullion's move-which may put it on track to take out $2,000 an ounce-came as a gauge of the dollar sank to the lowest in more than a year amid negative real r...

Gold prices today hit fresh record high, tracking global trend

Worldwide, there are 16,421,952 confirmed cases and 652,308 deaths from the coronavirus COVID-19 outbreak. Interest rates are now near zero and dividend retur...

SAP plans Qualtrics IPO two years after record deal

Why it matters: The move reflects the red-hot IPO market, in which all sorts of companies are rushing to the public markets, as well as the increased importa...

Tesla sues Rivian alleging trade secret theft by former employees

According to Tesla's official complaint, the company has accused Rivian of specifically targeting and recruiting its employees, encouraging them to gather " hig...

HSBC denies reports that it ‘fabricated evidence’ on Huawei

Meng Wanzhou was arrested in Canada in early December 2018 at the request of the U.S., who accuses the Huawei chief financial officer of misleading HSBC about ...

Alibaba Payments Subsidiary Launches AntChain Blockchain Solution

Developing Alipay, the online payment platform for the world's largest e-commerce company , Alibaba , Ant Group launched a new blockchain solution. It began...

Powerball buddies split $22 million jackpot 28 years after promise

Cook gave his two-weeks notice to retire after winning and said now, they can "pursue what we feel comfortable with". Tom purchased the successful $2 Powerbal...

Digital monopoly? Google, Facebook, Amazon and Apple hearing delayed

However, the hearing is now officially postponed , according to the committee. The panel had expected to question the CEOs of the four companies at a Monday ...

McDonald's will require customers to wear face coverings

More states in the nation have required masks in recent weeks as the COVID-19 pandemic has spread to numerous western and southern states. "Additionally, we w...

Apple co-founder sues YouTube over Bitcoin scam

Wozniak's lawsuit comes a day after YouTube's dismissal bid in a similar case brought by Ripple Labs. Wozniak said that the allegations "paint a picture of ...

Gold price hit record high since 2011

For the week, gold rose almost 5%, rallying for a seventh straight week and posting its biggest weekly advance since the start of April. On its part, silve...

Wall Street sinks amid U.S.-China tensions

Slumping stocks across most of Wall Street sent the Standard & Poor's 500 index to its worst loss in almost four weeks Thursday, undercut by a report showing ...

China Markets Extend Losses

The Dow Jones Industrial Average opened at 26,533.41 points, down 118.92 points, or 0.45 percent. The Hang Seng China Enterprises index fell 2.37% to 10,080.86....

Ann Taylor parent company files for bankruptcy

The conglomerate said it plans to close "a significant number" of locations for the young girls' brand Justice and "a select number" of Ann Taylor, Loft , L...

BMW X7 Black Shadow Edition revealed with sinister looks

BMW says it'll build a total of 600 Dark Shadow Editions, but only 75 are allocated for the U.S. If you want one, BMW says you can reserve it with a $1,000 ref...

FT: US stimulus delayed as Republican talks fall into disarray

As Republicans struggled, the nation's infections topped four million, deaths rose by several thousand, to almost 145,000, and the $600 (£468) unemployment be...

Oil prices steady as weak dollar balances low demand

US crude futures flipped between gains and losses during Friday's session, eventually closing higher and posting a 1.7% increase for the week. Still, the late...

Senate Approves Defense Bill With Provision To Rename Bases

Meanwhile, it appeared that several parts of the GOP package remained unresolved, and that Republicans had not begun negotiating with Democrats. "If we've got t...

Man makes good on 1992 handshake, splits $22M jackpot with friend

Joe said he was stunned when his friend called to say they were sharing the $22m (£17m) jackpot. "Congratulations to Tom, Joe, and their families", Wisconsin...

Payroll tax cut won't be included in fourth coronavirus bill, Mnuchin says

Though many businesses have reopened, California and Texas, the two most populous states in the country, have rolled back their reopenings and shut down hundre...

Twitter reports strong user growth in Q2 as ad revenue plummets

Ad sales, which make up 82% of Twitter's revenue , sank 23% to $562 million, a drop the company attributed to brand spending pauses tied to the pandemic and US...

US Stocks Drop With Dow Falling More Than 350 Points

A report in the last hour of trading said that the GOP is looking to extend federal unemployment benefits through December 31 at $100/week. Last week, the count...

No-deal can be a possible result of post-Brexit trade talk

Britain's chief negotiator David Frost said an agreement with the European Union can still be reached in September, even after the latest round of talks on a fu...

Australia extends furlough scheme until March

JobKeeper , set up in the wake of the coronavirus outbreak, helps businesses that have lost a certain amount of their revenue to keep staff by paying $1500 a fo...

Oil prices fall on U.S. inventory build, increasing pandemic fears

The growing concern among crude oil traders that the energy market seems saturated in the short term got strengthened when American Petroleum Institute disclo...

Accusations of spying behind closure of Chinese consulate in Houston

Wang accused the USA of opening Chinese diplomatic pouches without permission multiple times, confiscating Chinese items for official use and imposing restric...

Chinese nationals indicted in Eastern Washington on charges of hacking Hanford

The Justice Department are prosecuting more alleged cybercrimes. The announcement followed a rare sting operation in which U.S. agents arrested an MSS offici...

United States stocks turn mixed; dollar weakens to March low

The Chinese offshore yuan, which weakened past 7 per dollar on U.S. The dollar nursed losses versus a lot of currencies, weakened by issue that Republicans an...