01 December

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U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 1.86%

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Investing.com – U.K. equities were higher at the close on Tuesday, as gains in the Banking, Industrial Metals & Mining and Mining sectors propelled shares higher. At the close in London, the Investing.com United Kingdom 100 added 1.86%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Meggitt PLC (LON:MGGT), which rose 7.41% or 29.00...

01 December

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English pub payment plan draws scorn from landlords

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By Paul Sandle and Alistair Smout LONDON (Reuters) - The British government will make a one-off payment of 1,000 pounds ($1,335) to pubs that cannot open due to coronavirus restrictions, but industry leaders said it will not be enough to save many establishments, a treasured part of the national heritage. Nearly 60% of...

01 December

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Tesla CEO says electric cars will double global electricity demand

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FRANKFURT (Reuters) - Tesla Chief Executive Elon Musk said on Tuesday that electricity consumption will double if the world's car fleets are electrified, increasing the need to expand nuclear, solar, geothermal and wind energy generating sources. Increasing the availability of sustainable energy is a major challenge as cars move from combustion engines to...

01 December

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Wall Street Surges at Open as Vaccine Hopes Fuel Broad Rally; Dow up 284 Pts

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By Geoffrey Smith Investing.com -- U.S. stock markets surged to new record highs at the opening of trade on Tuesday, as optimism over the early roll-outs of vaccines to treat the Covid-19 coronavirus sustained a broad rally in everything from Brazilian iron ore miners to online pet food stocks. The S&P 500 and Nasdaq Composite both opened at record highs, while the Dow...

01 December

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Free Zoom Hurts Stock Even as Sales Soar

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By Christiana Sciaudone Investing.com -- Zoom Video Communications Inc (NASDAQ:ZM) slumped 12% after reporting its margins were under pressure, even as sales more than quadrupled. Non-pay users, including students and teachers, pushed gross profit margin to 66.7%, which was below the estimated 72.1% and the pre-pandemic average of about 80%, according to Reuters. The company nonetheless beat expectations, with...

01 December

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Cyber Monday Shoppers Spent $10.8 Billion, Missing Projection

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(Bloomberg) -- Online shoppers in the U.S. spent $10.8 billion on Cyber Monday, missing Adobe (NASDAQ:ADBE) Inc.’s original projection by almost $2 billion, evidence that retailers pulled sales forward by offering deals earlier than usual. Still, the gusher of online spending was a record, rising 15% from 2019. “Cyber Monday continued to dominate the...

01 December

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BlackBerry and Amazon team up on vehicle data and software platform

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By Paul Lienert (Reuters) - Canadian technology specialist BlackBerry and e-commerce titan Amazon (NASDAQ:AMZN) have developed a cloud-based software platform designed to help automakers and suppliers standardize vehicle data and speed deployment of new revenue-generating features and services, the companies said on Tuesday. BlackBerry and Amazon Web Services (AWS) said the new intelligent vehicle...

01 December

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From hate speech to nudity, Facebook’s oversight board picks its first cases

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By Elizabeth Culliford (Reuters) - Facebook Inc (NASDAQ:FB)'s independent oversight board announced on Tuesday the first six cases where it could overrule the social media company's decisions to remove certain pieces of content from its platforms. The board, which Facebook created in response to criticism of its handling of problematic...

01 December

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VW bets on Porsche racecar engineer to help overtake Tesla

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By Edward Taylor, Jan Schwartz and Jörn Poltz FRANKFURT (Reuters) - Alexander Hitzinger, a 49-year-old engineer who defected to Apple (NASDAQ:AAPL) after helping to develop Porsche's winning 919 racecar, has been lured back to Volkswagen (DE:VOWG_p) Group for perhaps his biggest challenge yet - building an electric car to take on Tesla. While Volkswagen, the world's largest automaker, has been rolling...

01 December

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OECD Cuts Global Forecast, Warns Governments to Maintain Support

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(Bloomberg) -- The resurgence of the coronavirus pandemic has dramatically weakened the global recovery and it could get a lot worse if governments withdraw support too soon or fail to deliver effective vaccines, the OECD warned. Cutting its 2021 global growth forecast to 4.2% from 5% in September, the Paris-based organization said a pattern of outbreaks and lockdowns is likely to continue for...

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News

U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 1.86%

English pub payment plan draws scorn from landlords

Tesla CEO says electric cars will double global electricity demand

Wall Street Surges at Open as Vaccine Hopes Fuel Broad Rally; Dow up 284 Pts

Free Zoom Hurts Stock Even as Sales Soar

Cyber Monday Shoppers Spent $10.8 Billion, Missing Projection

BlackBerry and Amazon team up on vehicle data and software platform

From hate speech to nudity, Facebook’s oversight board picks its first cases

VW bets on Porsche racecar engineer to help overtake Tesla

OECD Cuts Global Forecast, Warns Governments to Maintain Support

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