Deputy Finance Minister Zou Jiayi. [Photo/bundsummit.org] Measures to ease burden of poor nations and boost sustainable development China is implementing the debt relief plans promoted by the Group of 20 to help ease the debt burden of poor countries and achieve sustainable development during the novel coronavirus epidemic, a senior government official said. As many poor countries are facing difficulties...
E-cigarette maker Juul cuts valuation to $10 billion – memo
FILE PHOTO: Shopkeepers stand inside a Juul shop at a shopping mall in Jakarta, Indonesia, December 30, 2019. REUTERS/Ajeng Dinar Ulfiana (Reuters) – Juul Labs Inc has cut its valuation to about $10 billion from $12 billion at the end of last year, according to a company memo seen by Reuters on Thursday, as the once red-hot e-cigarette maker fizzles...
Canada’s Oil Crisis Continues As Majors Report More Losses
Canada’s largest oil companies continue to post quarterly losses this year as low crude oil prices and low refining margins hit earnings. On Wednesday Suncor Energy reported its third consecutive quarterly loss so far this year, as the pandemic severely hits both the upstream and downstream sectors in Canada. Suncor posted a net loss of US$9 million (C$12 million)...
Walmart removes firearms and ammunition from US store floors
Walmart has pulled firearms and ammunition from thousands of store floors across the US to protect customers and employees as tensions rise in parts of the country in the run-up to the presidential election. The country’s largest retailer cited recent cases of civil unrest for the decision to remove the weapons, which it sells in about half of its 4,750...
Bello – Politicians step up the fight against Mexico’s Coca-Cola habit | The Americas
Oct 29th 2020 ON A VISIT in July to Chiapas, a poor southern state, Hugo López-Gatell, Mexico’s covid-19 tsar, condemned an unlikely culprit for deaths from the disease. Fizzy drinks are “bottled poison”. Every year 40,000 Mexicans, the number of recorded covid-19 victims at the time, die from drinking too many, he claimed. The country’s health “would be different had...
Martin Marietta Materials, Inc. (MLM) CEO Howard Nye on Q3 2020 Results – Earnings Call Transcript
Martin Marietta Materials, Inc. (NYSE:MLM) Q3 2020 Earnings Conference Call October 29, 2020 11:00 AM ET Company Participants Suzanne Osberg – VP of IR Howard Nye – Chairman, President and CEO James Nickolas – SVP and CFO Conference Call Participants Trey Grooms – Stephens Kathryn Thompson – Thompson Research Paul Roger – Exane Jerry Revich – Goldman Sachs Anthony Pettinari...
The “Adults In The Room” With Trump Weren’t Adults At All
Authored by Doug Bandow via TheAmericanConservative.com, When President Donald Trump took office, his aides promised there would always be adults in the room. Especially when it came to foreign policy, learned, stable professionals would ensure responsible and intelligent actions. Except the adults turned out to be idiots. They fought the president at every turn when he sought to withdraw from...
New Research Points To The People’s Liberation Army Hospital In Wuhan As Origin For Global Coronavirus Pandemic
A paper published on Zenodo (DOI 10.5281/zenodo.4119263) by Dr. Steven Quay, M.D., PhD., head of two COVID-19 therapeutic programs at Atossa Therapeutics, illuminates new scientific observations and conclusions documenting that the SARS-CoV-2 pandemic began at the General Hospital of Central Theater Command of People’s Liberation Army (PLA Hospital) in Wuhan, China, located at 627 Wulon Road, Wuchang District, Wuhan. According...
Coronavirus latest: Texas Covid deaths jump by the most in three weeks
Ohio and Indiana reported their biggest jumps in infections on Thursday. Ohio added a further 3,590 cases over 24 hours, while Indiana had 3,649 new infections. West Yorkshire, home to 2.5m people, became the latest area of England to be moved into the highest level of Covid-19 restrictions in England, tier 3. California’s seven-day average of coronavirus deaths dropped to...
Exxon Mobil’s fading star: no longer the biggest U.S. energy company
(Reuters) – Exxon Mobil Corp XOM.N was once the largest U.S. publicly traded company by market value in the United States. Now, the oil major is not even the most valuable energy name, having been surpassed by rivals and even a renewable company, as it tries to maintain its hefty dividend. FILE PHOTO: Darren Woods, Chairman & CEO of Exxon...
OPEC Members Rebel Over Production Cut Extension
By Tsvetana Paraskova – Oct 29, 2020, 12:00 PM CDT While the oil market speculates on whether or not OPEC+ will ease its production cuts in January amid sluggish demand, rumors emerged on Thursday that the three biggest OPEC producers behind Saudi Arabia may not be on board with extending the current cuts into next year. Iraq, the United Arab...
Apple beats revenue expectations despite iPhone 12 delay
Apple posted record top-line results for the September quarter even as iPhone sales slipped 21 per cent from a year ago, demonstrating that the tech group is benefiting from the growth of services, hardware and accessories. Apple reported $64.7bn of revenue in its fiscal fourth quarter ending in September, compared with expectations of $64bn. Revenue from iPhone sales last quarter...
Report Alleges Trump Quashed Criminal Probe Into Turkish Bank That Funneled Billions To Iran
Prior bombshell claims in former national security advisor John Bolton’s book released last summer alleging that President Trump had agreed to quash a federal probe into a Turkish state-owned bank as a personal favor to Recep Tayyip Erdoğan just got a major boost. Bolton wrote of scandal-hit Halkbank that in a 2018 phone call after Erdoğan insisted the bank was innocent of sanctions-busting...
CareDx, Inc’s (CDNA) CEO Peter Maag On Q3 2020 Results – Quick Version Earnings Call Transcript
CareDx, Inc (NASDAQ:CDNA) Q3 2020 Earnings Conference Call October 29, 2020 4:20 PM ET Company Participants Greg Chodaczek – Managing Director Peter Maag – Chairman and Chief Executive Officer Reginald Seeto – President and Chief Business Officer Michael Bell – Chief Financial Officer Conference Call Participants Brandon Couillard – Jefferies Steven Mah – Piper Sandler Alex Nowak – Craig-Hallum Capital...
Chicagoans Categorically Reject Progressive/BLM Demands To Defund The Police
By Ted Dabrowski, John Klingner and Julie Schmidt of Wirepoints While Chicagoans share many concerns over the city’s policing practices, 79% want the police to spend the same amount of time or more in their neighborhoods. That’s one of the key findings of a new Wirepoints/Real Clear Opinion Research poll that looked at a range of attitudes in Chicago on...
Boost public spending to tackle Covid second wave, IMF tells UK
Via Yahoo Finance Globe Newswire ERYTECH to Host Third Quarter 2020 Conference Call and Business Update on November 6, 2020 LYON, France, Oct. 29, 2020 (GLOBE NEWSWIRE) — ERYTECH Pharma (Euronext Paris: ERYP – Nasdaq: ERYP), a clinical-stage biopharmaceutical company developing innovative therapies by encapsulating therapeutic drug substances inside red blood cells, today announced that it will host a Third...
Facebook revenues up more than 20% despite ad boycotts
Facebook beat analyst expectations with a more than 20 per cent rise in revenues in the third quarter and forecast growth to continue, as its ad business showed resilience despite a recent boycott from some marketers. Revenues in the three months to the end of September rose 22 per cent to $21.5bn, above analysts’ expectations of $19.8bn, according to estimates...
Thwart U.S. veto or await new president? WTO has leadership dilemma
By Philip Blenkinsop, Andrea Shalal BRUSSELS/WASHINGTON (Reuters) – Faced with a veto from the United States, the World Trade Organization has two unpalatable options for selecting its next leader – override its biggest paymaster with a vote or hope for a change of U.S. president and wait until he takes charge. FILE PHOTO: A logo is pictured on the headquarters...
Two-Thirds Of Gulf Oil Production Remains Shut In ahead Of Hurricane Zeta
By Irina Slav – Oct 29, 2020, 11:00 AM CDT As much as 66.6 percent of crude oil production in the Gulf of Mexico remained shut in on Wednesday ahead of Hurricane Zeta, with 228 platforms evacuated according to the latest update from the Bureau of Safety and Environmental Enforcement. Oil field operators in the Gulf began evacuating staff from...
AAPL Plunges After iPhone Sales Miss, China Revenues Plummet, Lack Of Forecast
Moments after earnings disappointments by Twitter and Amazon, the world’s largest company, Apple whiffed when it reported Q4 revenue and earnings that beat expectations, but a big miss on iPhone revenues, a collapse in Chinese sales and the lack of guidance is why the stock is tumbling after hours. Below are the highlights from Q4: Revenue $64.70 billion, beating estimates...