- 2020-08-14 00:44:22Z
Hasan Ayhan followed his wife's instructions last week and took their savings to buy gold at Istanbul's Grand Bazaar as Turks scooped up bullion worth $7 billion in a just a fortnight. With memories of a currency crisis which rocked Turkey's economy only two years ago fresh in his mind, the retired police officer was among those playing it safe as he queued in the city's sprawling covered market, where a screen showed the gold price rise by one Turkish lira ($0.1366) in just 10 minutes. "I think it is the best investment right now so I converted my dollars to buy gold," the 57-year-old said, adding: "I might withdraw my lira and buy gold with it too, but I am scared to go to the bank...
British airline easyJet said it would continue to assess further funding opportunities after raising an extra $266 million from the sale and leaseback of aircraft, as the pandemic continues to wreak havoc on travel and its finances. EasyJet has spent recent months strengthening its balance sheet after COVID-19 halted travel, and while flying has restarted, the pandemic is still causing restrictions with the UK adding France to its quarantine list on Thursday. The airline said on Friday it had raised 608 million pounds ($794 million) from a sale and leaseback plan for 23 aircraft, at the upper end of guidance for proceeds.
A weaker than expected rise in Chinese factory output and a drop in retail sales suggested the country's post-pandemic recovery is struggling to gather pace. Despite a 7.2pc rebound in Chinese exports last month compared to last year, industrial production added only 4.8pc - on a par with the month before, according to official data. Nominal retail sales fell 1.1pc, indicating that domestic demand remains tepid, partly due to flooding in the south of the country since June.
Stocks were mixed Friday following a broadly healthy week but investors are increasingly worried about the stalemate in Washington over a new US stimulus while European markets were hit by fresh British quarantine rules.
Hawaii alters contract tracing while considering delay of tourist return, NBA regular season ends and more things to start your Friday.
The use of third party cookies for ad tracking and targeting by data broker giants Oracle and Salesforce is the focus of class action style litigation announced today in the UK and the Netherlands. The suits will argue that mass surveillance of Internet users to carry out real-time bidding ad auctions cannot possibly be compatible with strict EU laws around consent to process personal data. In the UK, the case may also face some legal hurdles given the lack of an established model for pursuing collective damages in cases relating to data rights.
Our study suggests that women's colleagues may affect their pay. More workplace diversity could help close the gender pay gap in medicine and beyond.
Not yet 30, Beijing office worker Li thought she was already on her way up China's private property ladder with two apartments bought and rented out. Then came the new coronavirus, jobless tenants leaving town and a rent falloff. Analysts say there's little prospect of widespread mortgage defaults for now, and property prices continue to grow, albeit more slowly.
Belarusian authorities have released hundreds of people detained amid demonstrations contesting the results of the presidential election, in an attempt to assuage public anger against a brutal crackdown on peaceful protests. Around midnight, scores of detainees were seen walking out of one of Minsk's jails. In the early morning, volunteers also saw at least 119 detainees being released in the сity of Zhodino just northeast of the Belarusian capital.
Belgian hospitals are stockpiling drugs and protective kits and putting in place contingency plans amid a continuing spike in new COVID-19 infections that has forced the capital Brussels to make face masks compulsory in public spaces. New infections have risen steadily in recent weeks, with Belgium now reporting one of the highest number of cases per inhabitants of any European country and prompting fears of a second wave. In March and April when the pandemic accelerated, Belgian hospitals struggled with a shortage of equipment and with administrative hurdles.
China's longest-running LGBTQ group, ShanghaiPRIDE, has said it is stopping all its activities and events "to protect the safety of all involved".
A U.S. crackdown on Confucius Institutes demonises and stigmatises the normal functioning of the program, China's foreign ministry said on Friday. The Institutes have been observing local laws, and China deplores the move, ministry spokesman Zhao Lijian told a news briefing.
On the sweeping plains at the foot of Mount Kilimanjaro, a group of female wildlife rangers is making history by defying patriarchal norms that have been passed down for centuries, patrolling against poachers instead of doing household chores. The eight ethnic Maasai women known as "Team Lioness" are
SHANGHAI, Aug. 14, 2020 /CNW/ -- On August 5th, Shanghai Electric Group Company Limited (Shanghai Electric), the world's leading manufacturer and supplier of electric power generation equipment, industrial equipment and integration services, was named the 48th most valuable Chinese brand in the World Brand Conference's official 2020 "China's 500 Most Valuable Brands" list.
President Donald Trump said Thursday he had heard Democratic vice-presidential running mate Kamala Harris was not eligible to serve, stoking a false claim echoing the baseless "birther" theory he promoted about Barack Obama.
Hundreds of thousands of British holidaymakers on Friday faced the prospect of having to go into self-isolation for 14 days when they return home after the British government reimposed quarantine restrictions on France following a recent pick-up in coronavirus infections. In an announcement late Thursday, the government said France is being removed from the list of nations exempted from quarantine requirements because of rising coronavirus infections, which have surged by 66% in the past week. The Netherlands, Malta, Monaco and the Caribbean islands of Aruba and Turks & Caicos are also being added to the quarantine list.
Asian shares were mostly higher in cautious trading Friday as investors studied fresh data out of China showing that its recovery remains subdued. China reported factory output rose 4.8% from a year earlier in July, on a par with June's increase.
German container shipping line Hapag-Lloyd nearly doubled net profit in the first half of 2020 and kept its full-year outlook intact but warned that the coronavirus crisis bears indiscernible risks for its operations. Transport volumes at Hapag-Lloyd, the world's number five in the industry, were down 3.5% year-on-year at 5.8 million 20-foot equivalent units (TEU). Habben Jansen said those volumes were recovering but were unlikely to reach their 2019 level this year as economies worldwide have contracted amid lockdowns.
VANCOUVER, BC / ACCESSWIRE / August 14, 2020 / Ximen Mining Corp.
Trump also promised to scrap the payroll tax if he's reelected. The payroll tax funds Social Security and Medicaid, which seniors rely on.
Britain has no choice but to impose a 14-day quarantine on all travellers arriving from France due to rising coronavirus infection rates there, transport minister Grant Shapps said on Friday. Britain announced late on Thursday that it would impose a quarantine, from 0300 GMT on Saturday, on arrivals from France, the Netherlands and Malta because infection rates there were too high, dealing a new blow to the travel industry. France warned that it would reciprocate.
A coronavirus vaccine candidate developed by a unit of China National Pharmaceutical Group (Sinopharm) appeared to be safe and triggered antibody-based immune responses in early and mid-stage trials, researchers said. Sinopharm is testing the potential vaccine in the United Arab Emirates in a Phase 3 trial expected to recruit 15,000 people, as China has too few new cases to be a useful trial site. The state-owned company will also supply the candidate to Pakistan as part of a trial agreement, the Wall Street Journal reported.
Indonesia's president called on all citizens to turn the COVID-19 crisis into an advancement opportunity and pledged health care reforms in an address Friday ahead of the country's 75th anniversary of independence. Only half of the 575 lawmakers were in Parliament for President Joko Widodo's speech on the eve of Independence Day, with the rest attending remotely in a social-distancing measure. Widodo told members of parliament and top officials the resilience and capacity of Indonesia's health services must be improved on a massive scale as the world's fourth-most populous nation battles the worst pandemic in recent memory.
Britain will buy potential COVID-19 vaccines from U.S. drugmakers Johnson & Johnson and Novavax Inc, the companies said on Friday, bringing the total number of deals by the UK government to six as the race for shots heats up. Johnson & Johnson said its Janssen Pharmaceutica unit will supply the UK government with its candidate known as Ad26.COV2.S with an initial sale of 30 million doses on a not-for-profit basis for emergency pandemic use. In a separate statement, Novavax said the UK would buy 60 million doses of its coronavirus vaccine candidate, NVX-CoV2373, for a phase 3 clinical trial.
LONDON, UK / ACCESSWIRE / August 14, 2020 / Condor Gold plc ("Condor Gold", "Condor", the "Group" or the "Company"), (AIM:CNR)(TSX:COG) presents its unaudited interim financial report together with Management's Discussion and Analysis for the three- and six-month periods to 30 June 2020.
The two economic superpowers have seen tensions rise considerably since their last negotiations.
Vietnam has registered to buy a Russian COVID-19 vaccine, state television reported on Friday, as it fights a new outbreak after going several months with no local cases. Russia said on Wednesday that it would roll out the world's first COVID-19 vaccine within two weeks, rejecting the concerns of experts who said it should not have been approved before completing large-scale trials. "In the meantime, Vietnam will still continue developing the country's own COVID-19 vaccine," state broadcaster Vietnam Television (VTV) said, citing the Ministry of Health.
(Bloomberg Opinion) -- One formerly obscure American presidential candidate, Warren G. Harding, won his place in history and his election by promising "a return to normalcy" after the disruption of World War One. Boris Johnson, fighting a far from glorious battle against Covid-19, knows that doing similar for the U.K. is key to his own future. Unless British children go back into the classroom next month, he will fail.Brits have been much slower to return to the workplace than comparable nations such as France, Germany, Spain and Italy. The country's indoor social-distancing rule of two meters hasn't helped. A Morgan Stanley poll of office staff in all five countries suggests the U.K....
CALGARY, AB, Aug. 14, 2020 /CNW/ - Touchstone Exploration Inc.
NEW YORK, NY / ACCESSWIRE / August 14, 2020 / Lumist, a leading North American education platform, announced nearly 10 million dollar Series A round financing by Matrix Partners China in December 2019.
Iran's Foreign Ministry strongly condemned an historic deal establishing full diplomatic relations between the United Arab Emirates and Israel, calling it a stab in the back to all Muslims, state TV reported Friday. Iran, in the ministry statement, called the normalizing of ties between the two countries a dangerous, "shameful" measure and warned the UAE against Israel interfering in the "political equations" of the Persian Gulf region. "The UAE government and other accompanying governments must accept responsibility for all the consequences of this action," the statement said.
Health is Wealth Especially During a Pandemic. Beta-Glucan Market to Reach $868 Million by 2027. The global market for Beta-Glucan is projected to reach US$867. 7 million by the year 2027, trailing a CAGR of 7.New York, Aug. 14, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report
Thai Airways International Pcl shares were suspended by the bourse on Friday after auditors declined to sign off on its financial statements for the six months to June 30. Auditor Deloitte Touche Tohmatsu Jaiyos Co Ltd said it could not reach a conclusion on the statements due to issues including a lack of liquidity and debt defaults which created "material uncertainty" and may affect the value of assets and liabilities. Thai Airways is under bankruptcy protection and is due to submit its rehabilitation plan to the bankruptcy court on Monday.
North Korea said Friday it had lifted a three-week lockdown that was imposed on a border city after a defector believed to be carrying the coronavirus sneaked back into the country.
Speaking from the Senate floor for the first time, Kamala Harris expressed gratitude for a woman on whose shoulders she said she stood. In her autobiography, Harris interspersed the well-worn details of her resume with an extended ode to the one she calls "the reason for everything."
China's peer-to-peer (P2P) online lending platforms still have more than 800 billion yuan ($115 billion) unpaid to investors and their numbers have shrunk to just 29 across the country, the head of China's banking and insurance regulator said on Friday. A regulatory crackdown amid a deleveraging
Joe Biden is poised to unveil his vision for the modern Democratic Party in the first presidential nominating convention of the coronavirus era, an all-virtual affair that will test the former vice president's ability to overcome unprecedented logistical challenges in an urgent mission to energize a winning coalition. The Democratic National Convention, which formally begins Monday, is not a convention in the traditional sense. The program will consist instead of a series of online video addresses - half of which will be pre-recorded - that play out for two hours each night until Biden formally accepts the Democratic presidential nomination in a mostly empty Delaware ballroom on Thursday.
In her first two days as Joe Biden's running mate, Kamala Harris has fired off the campaign's sharpest criticism of President Donald Trump's shortcomings. The campaign hopes it is just the beginning. With less than three months before the election, Harris is rapidly embracing her new role.
A Southern California woman has pleaded not guilty to smothering her infant daughter in March and causing the death of her other baby girl three years ago. Kristin Ann Brandon, 28, of Apple Valley, entered pleas on Aug. 6 to murder in the March death and two charges of assault on a child causing death
China's retail sales slipped in July, dashing expectations for a modest rise, as consumers in the world's second-largest economy failed to shake off wariness about the coronavirus, while the recovery in the factory sector struggled to gain momentum. Asian markets pulled back on Friday following the disappointing set of economic indicators, which raised concerns about the fragility of China's emergence from coronavirus. China's recovery had been gathering pace after the pandemic paralysed huge swathes of the economy as pent-up demand, government stimulus and surprisingly resilient exports propel a rebound.
Top U.S. and Chinese trade officials are expected to recommit to a Phase 1 trade deal during a review on Saturday, even though China's promised purchases of U.S. exports are far behind schedule. Current and former U.S. government officials and trade experts in both countries say the Phase 1 deal, signed in January after nearly two years of tit-for-tat tariffs and angry rhetoric, is the one area where the world's two largest economies are still cooperating. The Trump administration has sanctioned companies and individuals linked to a security crackdown in Hong Kong and human rights, banned a Chinese owned video app, penalized Chinese academics and closed Beijing's consulate in Houston in...
A federal prosecutor who has jailed some of Venezuela's biggest crooks is stepping down, The Associated Press has learned, leaving a void that could dampen U.S. efforts to expose criminal activity in the South American country amid rising tensions with the Trump administration. Michael Nadler, an assistant U.S. attorney, is leaving to enter private practice next month at the Miami firm Stumphauzer & Sloman, said a person familiar with the move who insisted on speaking anonymously because it hadn't been made public. Nadler, 48, has indicted multiple Venezuelan Cabinet ministers, businessmen and Swiss bankers as part of a sustained effort by investigators in the Southern District of...
(Bloomberg Opinion) -- As if the waters of the Eastern Mediterranean weren't turbulent enough, Emmanuel Macron has decided to give them another vigorous stir. France, he says, will increase its military presence there to "monitor the situation in the region and mark its determination to uphold international
A campaign on a rare scale uniting activists and personalities inside Iran and out is pressing Tehran not to execute men detained over anti-government protests, but faces an uphill struggle.
Biden, a former vice president himself, on Tuesday picked Harris as his choice for VP, making her the first Black woman on a major-party U.S. presidential ticket. With social unrest over racial injustice rocking the country for months since the death in custody of an African-American man, George Floyd - after a police officer knelt on his neck for about nine minutes - Biden was under pressure to select a Black woman as his running mate.
When Tokuso Hamai saw the colorized version of an old black-and-white photo of a picnic held under cherry tree blossoms sometime before World War II, forgotten memories of family members, most of whom died in the atomic bombing of Hiroshima in 1945, came pouring out. "In colorized photos, people come to life," said Hamai, now 86. The power of a colorized photo to reignite lost memories was eye-opening for Anju Niwata, a student who gave Hamai the colorized photo as a present three years ago.
It is the latest White House move to undo Barack Obama's thaw with communist-run Cuba.
Lawmakers and pundits Thursday criticized President Donald Trump over the baseless Harris conspiracy.
In the battle for air supremacy, a bald eagle just proved that technology is no match for brute strength.
Saleh proudly shared his life on his social media, including the address of his $2 million apartment where he was found dead.