bingo Coronavirus


US consumers mired in Covid gloom, but see better days ahead

US consumers are pessimistic about the state of the economy as it weathers the Covid-19 pandemic's tough winter months, but see things getting better soon, a survey said Tuesday. The Conference Board reported its January consumer confidence index was at 89.3, increasing slightly more than expected from its 87.1 level in December. "Consumers' appraisal of present-day conditions weakened further in January, with Covid-19 still the major...

Covid vaccine supply issues could see Dutch violence repeated in rest of EU

In recent nights, rioters have poured on to the streets of 10 Dutch cities in what has been the closest Europe has come to open revolt against the coronavirus restrictions imposed across the continent. The violence, the worst in four decades, might be put down to the liberty-loving culture of the country but, perhaps not coincidentally, the Netherlands is also the very last EU member state to start vaccinating the public and offer some hope that...

Inflation remains well below RBA's target

The consumer price index rose 0.9 per cent in the December quarter, with the annual rate also at 0.9 per cent and well below the Reserve Bank's target.

Britain's jobless rate soars to five-year high

The number of jobless people rose 418,000 to 1.7m in the year to November, the biggest annual jump since the financial crisis. It means unemployment is now 5 per cent.

Companies are powering ahead with big battery projects, but a 'lack of certainty' by governments could deter good investment

New projects are being announced all the time in the grid-scale battery arms race but concerns are being raised over a patchwork approach which has seen some states go at it alone in their pursuit of more aggressive emissions targets.

Virgin Australia's January domestic capacity misses forecast due to state travel curbs

Virgin Australia's January domestic capacity misses forecast due to state travel curbs

Costello sees danger in low interest rates

Future Fund chair Peter Costello said he was unsure whether keeping interest rates low was helping inflate stock markets to possibly unsustainable levels.

Australia's billionaires struck gold during the pandemic. Now it's time to combat rising inequality, analysts say.

Australia's 31 billionaires accumulated $85 billion more between them during the COVID-19 pandemic, according to the latest Oxfam report. The experience contrasts sharply with the those of the average Australian, who has faced rising unemployment and imminent cuts to government support.

Tasmania remains top economic performer

Commonwealth Securities' quarterly State of the States analysis has found Tasmania leading the pack for a fourth quarter in a row.

Heavy industry, transport sectors to align on net-zero climate plans

Heavy industry, transport sectors to align on net-zero climate plans

Walmart adding dozens of automated local fulfillment centers to speed delivery and pickup orders

The automated facilities feature robots that help Walmart associates pick and pack orders for delivery or in-store pickup.

Junior bankers feel left behind in COVID-era banking boom

Junior bankers feel left behind in COVID-era banking boom

Textile waste presents 'untapped' potential for entrepreneurs as Bathurst runs recycling trial

Participants in a NSW textile recycling trial have donated more than 1,600kg of unwanted fabrics in the space of a month and organisers say they're overwhelmed by the response.

Exclusive: Sinopharm-led consortium plans $3.3 billion take-private of HK-listed China TCM - sources

Exclusive: Sinopharm-led consortium plans $3.3 billion take-private of HK-listed China TCM - sources

Elaine Stead awarded $280k for defamation by Australian Financial Review columnist Joe Aston

Journalist Joe Aston engaged in a campaign of "offensive mockery" against businesswoman Elaine Stead while writing for the Nine Entertainment Co newspaper, a judge found, leaving Ms Stead feeling "humiliated".

Singapore faces talent crunch as tech giants scale up

Singapore faces talent crunch as tech giants scale up

Rio Tinto and BHP battle Apache tribes to build North America's biggest copper mine at sacred Oak Flat site

Rio Tinto promised "never again" after the destruction of ancient Aboriginal rock shelters at Juukan Gorge, but now it wants to mine sacred Apache land in the US and investors are concerned little has changed within the company since it appointed an insider as its new boss.

IMF lifts growth forecast on vaccine hopes

The International Monetary Fund has raised its forecast for global growth, but warns there is still exceptional uncertainty in the outlook.

Walmart plans to fill online orders with help from robots at some U.S. stores

Walmart plans to fill online orders with help from robots at some U.S. stores

What you need to know about the coronavirus right now

What you need to know about the coronavirus right now

Asia sales help LVMH limit Covid damage

LVMH, the world's biggest luxury company, said Tuesday that a strong pickup in Asian sales and robust online business helped contain the damage from Covid-19 in its 2020 results. The outlook remained uncertain because of the global health crisis, but LVMH said it still entered 2021 with "cautious confidence" that it will be able to build on a strong fourth-quarter rebound. Headline sales came in at 44.6 billion euros ($54.2 billion), a drop of...

Back-to-school confusion in South Australia over lunchbox fruit bans, coronavirus restrictions

Students across South Australia return to school amid confusion over bans on parents in classrooms and fruit in lunchboxes.

Japan's COVID crisis reawakens deflation fears as cash hoarding returns

Japan's COVID crisis reawakens deflation fears as cash hoarding returns

Shaquille O'Neal sells his massive Florida mansion for $16.5 million

The 48-year-old former NBA star originally put his 31,000 square foot mega-mansion on the market in 2018 for $28 million, but it finally sold after he reduced the price to $16.5 million.

Coles slashes the prices of items including pasta, cheese, and snacks

Coles has slashed the prices of popular grocery items including pasta, sliced cheese and snacks in a bid to help lower the cost of living for all Australians.

From ancient Egypt to Cardi B: a cultural history of the manicure

“How to Take a Nail Selfie!” “Fruity Manicure Inspo!” “Kylie Jenner Slammed by Fans for Nearly Poking Out Stormi’s Eyes With Ridiculous Claw Nails.” The glut of hyperbolic nail-related headlines online points to our obsession with the endless possibilities open to the plate at the top of our fingers. In the internet age, the manicure, in all its incarnations, is a traffic winner. It peppers a plethora of Pinterest boards; the hashtag #nails has...

Gordon Brown calls for urgent budget help as 1 in 7 UK firms face collapse

Gordon Brown has called for emergency measures to support businesses in the budget after new research from the London School of Economics warned almost 1m UK companies were at risk of failure in the next three months. The former prime minister said the report’s finding that one in seven businesses – employing 2.5 million people – might be forced to close by the spring should act as a “clarion call” to Rishi Sunak as he prepares his tax and...

Courteney Cox practices self care as she visits a spa in Malibu

Courteney Cox, 56, practices some midweek self care as she hits up a luxury spa in Malibu before emerging fresh faced

Asian markets little changed after ho-hum day on Wall Street

Markets have meandered since last week as investors weighed solid corporate earnings results against renewed worries that troubles with COVID-19 vaccine rollouts and the spread of new variants of coronavirus might delay a recovery from the pandemic.

Fox News hires Trump economic adviser Larry Kudlow to host show

Fox News has hired Larry Kudlow, a top economic adviser to former president Donald Trump, as a contributor and host of a new weekday show on the Fox Business Network, the company said on Tuesday. The announcement came on the same day that the company denied that the former White House press secretary Kayleigh McEnany had joined the conservative TV channel, after an ethics watchdog reported that she had. Kudlow served as director of the national...

Mastercard joins net-zero climate club with ambitious pledge to bring most of its customers on board

Mastercard Inc. pledges to hit the equivalent of net-zero greenhouse gas emissions by 2050, an increasingly familiar refrain across major companies and government bodies as a Joe Biden-led U.S. looks to rejoin global counterparts in trying to slow man-made climate change.

ROSS CLARK: What are we to make of Brussels' hypocritical stunt?

ROSS CLARK: When Britain opted out to pursue its own vaccination course, siren voices warned. But oh how the EU has failed to live up to its lofty ideals.

Cash machine use fell 38% in 2020 due to Covid contact fears

A sharp fall in cash machine usage last year has prompted a warning that more ATMs could end up being closed or imposing fees. Link, the UK’s largest cash machine network, said its latest data showed there was a 38% decline in ATM transactions in 2020, caused in large part by the coronavirus crisis. John Howells, Link’s chief executive, said this sharp decline in ATM usage “brings significant problems” and “places enormous strain on the cash...

Pepsi, Beyond Meat cook up snack partnership

Food industry colossus PepsiCo and faux-burger makers Beyond Meat announced an alliance Tuesday to cook up plant-based snacks that tempt the palate while being easy on the planet. PepsiCo brings marketing and global distribution prowess to the alliance, while Beyond Meat has been creating plant-based alternatives to meat since it was founded in 2009.

Walgreens taps Starbucks exec Roz Brewer as its new CEO

Walgreens said Tuesday it has tapped Starbucks executive Roz Brewer as its new CEO, which will make her the only Black woman leading a Fortune 500 company.

My father inherited money from his parents — he now tells people he earned it due to his (nonexistent) investment prowess

‘I would like my dad back, but I am afraid he is too far gone’

CPI ticks up on child care, tobacco costs

A rise in child care and tobacco costs were key drivers in a rise in inflation in the December quarter, but the annual rate was still a benign 0.9 per cent.

$10 mn pay-cut for Goldman Sachs CEO over 1MDB scandal

Goldman Sachs cut its CEO David Solomon's 2020 salary by $10 million to $17.5 million because of the bank's role in the 1MDB Malaysian bribery scandal, according to documents filed Tuesday. "The amounts of remuneration reflect the decision announced by the board of directors," said a securities filing that also detailed pay-cuts for COO John Waldron and CFO Stephen Scherr. Although the three were not "aware of the firm's participation in any...

Caught between China and the US, the pressure for HSBC to split grows

Noel Quinn, chief executive of HSBC, had his line and he stuck to it. He was just a humble banker, obeying the rules in Hong Kong, even the draconian ones imposed by Beijing that stamp out the last knockings of democracy. “It’s not my position to make moral or political judgments on these matters,” he told the foreign affairs select committee. “I have to comply with law”. One matter in question was HSBC’s freezing of the bank account of...

Barbs fly over satellite projects from Musk, Bezos

A spat erupted Tuesday between Jeff Bezos and Elon Musk as the tech titans' space firms exchanged barbs over their rival satellite internet projects being evaluated by regulators. Amazon, founded and led by Bezos, put out a statement claiming Musk's rival SpaceX project Starlink was seeking design changes that could "create a more dangerous environment for collisions in space" and also increase radio interference. "Despite what SpaceX posts on...

Aust shares close down 0.65pc, miners drop

Sizeable losses for miners and energy providers have caused the ASX's steepest decline for a session in more than a week.

Little change expected as Fed ends first meeting of Biden era

The Federal Reserve will on Wednesday conclude its first meeting since US President Joe Biden took office, and while the central bank is certain to comment on the health of the country's economy amid the Covid-19 pandemic, analysts say it's unlikely to change its main policies. Powell has repeatedly highlighted the need for government spending to take over the role of supporting the economy from the central bank.

Apple set for $100bn sales record after strong demand for new devices

Analysts predict the US tech giant raked in a record $103.4bn (£75.2bn) during the final three months of 2020, the equivalent of more than half a million pounds per minute.

Rating agency S&P warns 13 oil and gas companies they risk downgrades as renewables pick up steam

Rating agency S&P has warned 13 oil and gas companies, including the some of the world’s biggest that it may downgrade them within weeks because of increasing competition from renewable energy. On notice of a possible downgrade are Australia’s Woodside Petroleum as well as multinationals Chevron, Exxon Mobil, Imperial Oil, Royal Dutch Shell, Shell Energy North America, Canadian Natural Resources, ConocoPhillips and French group Total. S&P said...

Covid lies cost lives – we have a duty to clamp down on them

Why do we value lies more than lives? We know that certain falsehoods kill people. Some of those who believe such claims as “coronavirus doesn’t exist”, “it’s not the virus that makes people ill but 5G”, or “vaccines are used to inject us with microchips” fail to take precautions or refuse to be vaccinated, then contract and spread the virus. Yet we allow these lies to proliferate. We have a right to speak freely. We also have a right to life....

Biden to announce freeze on new oil, gas leases on federal land

President Joe Biden is set to announce a wide-ranging moratorium on new oil and gas leasing on U.S. lands and waters, as his administration moves quickly to reverse Trump administration policies on energy and the environment and address climate change.

Consumer prices rose in 2020, despite the recession, as childcare fees returned

Consumer prices rose in Australia last year, bouncing back from record deflation in the June quarter despite the nation's first recession in nearly three decades.

Apple overtakes Amazon to become world’s most valuable brand, while Tesla is the fastest-growing

Apple has overtaken Amazon to become the world’s most valuable brand for the first time in five years, according to a global report.

This swimming pool might be the coolest one in Australia

The house in Main Ridge, 93 kilometres south of Melbourne, has four bedrooms, five bathrooms and one very special swimming pool.

Amazon to expand tech hub in Boston with 3,000 new jobs

Amazon announced plans Tuesday to expand its technology hub in the Boston area, creating some 3,000 jobs in the next few years. Rohit Prasad, vice president and head scientist for Alexa at Amazon, said the new hub will expand research and development for the artificial intelligence system.