KOF Forecast: Swiss Economic Recovery In the Coronavirus Crisis
Swiss Economic Institute expects GDP to contract 3.6%, an improvement from August’s update of 4.7% with a projected 3.2% growth in 2021 in its baseline scenario, according to the KOF…
PayPal Offers Cryptocurrency Services To Their Users
Paypal has launched a new service that enables its customers to buy, hold, and sell cryptocurrency directly from their PayPal account, according to the company’s press release. The company has…
Election Top Stories: Trump Paid Taxes… in China
Donald Trump paid $200,000 in taxes to China between 2013 and 2015 but remitted no personal income tax to the Internal Revenue Service (IRS) in 10 of the 15 years…
Investment Bankers’ New Pitch Is on Fear of Democratic Tax Hike
U.S. investment bankers are keen to close lucrative deals from corporate owners selling their entities in anticipation of tax hikes if Joe Biden wins the November 3 election, according to…
Biden Enters Last Election Phase with $114 million More Spending over Trump
Joe Biden entered the October phase of the election campaign with almost three times cash burning “edge” over Trump, according to Bloomberg. Biden is splurging on advertising, trying to take…
Cathay Pacific to Axe 8,500 Posts and Declare Redundancies in Company’s Biggest Job Cuts
Cathay Pacific Airways will eliminate 8,500 job posts, declaring 5,900 staff redundant globally, and shut one of the regional airlines in a global HK $2.2 billion or US$284 restructuring shake-up…
Impossible Foods Targets More R&D and World’s Best Scientists to Eliminate Animal Agriculture
The world's leading environmental startup, Impossible Foods, seeks to double its Silicon Valley-based R&D team over the next year to tackle the globe's most destructive technology, animal agriculture, according to…
Rivalry Officially. Nokia Aims to Block Lenovo Sales in Germany
Nokia sought to enforce an injunction on Tuesday against Lenovo for sales of its products in Germany, citing violation of the video encoding patent, according to Reuters. Nokia alleges that…
U.S. Privately-Owned Homebuilding Surges in September
U.S. privately-owned housing units rose 5.2 % in September to attain a seasonally adjusted annual rate of 1,553,000, according to a press release. The September rate was higher than 1,437,000…
Google Stares at an Antitrust Lawsuit by Justice Department
The U.S. Justice Department will launch an antitrust lawsuit against Google on Tuesday for alleged engagement in anticompetitive conduct to preserve monopolies in search and search advertising, according to The…
TSE could Face FSA Administrative Action over Outage
Japan’s Financial Services Agency (FSA) will initiate on-site investigations of the Tokyo Stock Exchange (TSE) following system failure that shut down equities trading during the month, according to NikkeiAsia. TSE…
U.S. October Housing Market Index Rises-NAHB
U.S.’s overall Housing Market Index for Single Family Sales is 85 for October, up from September's 83, corresponding to a weighted average of 0.5920, according to NAHB. NAHB Housing Market…
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