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Canadian economy notches record growth in third quarter
  + stars: | 2020-12-01 | by ( Reuters Staff | ) sentiment -0.99   time to read: +1 min
FILE PHOTO: A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto, January 23, 2015. REUTERS/Mark Blinch/File PhotoOTTAWA (Reuters) - Canada’s economy grew by a record 40.5% on an annualized basis in the third quarter, rebounding from a historic plunge in the second quarter, as businesses and stores reopened from COVID-19 lockdowns, Statistics Canada said on Tuesday. The annualized gain for the third quarter is lower than the 47.6% increase forecast in a Reuters survey of analysts. “The increase in GDP in the third quarter reflected reopening of the economy, with substantial upturns in housing investment, household spending on durable goods, and exports,” StatsCan said. Despite the rebound in the third quarter, economic activity remains 5.3% below the fourth quarter of last year, before the pandemic hit, StatsCan said.
Persons: Mark Blinch, ” StatsCan, StatsCan, jumpstart Organizations: REUTERS, OTTAWA, Statistics, Canada’s Liberal, Canadian Locations: Toronto, COVID, Statistics Canada
TORONTO (Reuters) - Canada’s third quarter annualized growth soared by a record 40.5%, rebounding from a historic plunge in the second quarter, as businesses and stores reopened from COVID-19 lockdowns, Statistics Canada said on Tuesday. FILE PHOTO: A family passes a house for sale listed at a price of $999,000 ($799,000 USD) on Mount Pleasant Road in Toronto, Ontario, Canada August 6, 2017. There were some moderate upward revisions to the prior two quarters, which slightly softens the blow. On that front it’s mildly encouraging that September’s gain was still relatively solid and October did manage, at least a first blush, looks like it printed some modest growth. So the economy had a bit of momentum going into the shutdowns.”
Persons: Chris Helgren, DEREK HOLT, ” NATHAN JANZEN, ” DOUGLAS PORTER, , we’ve Organizations: TORONTO, Statistics, REUTERS, ECONOMICS, SCOTIABANK, RBC, Bank of Canada, BMO Locations: COVID, Statistics Canada, Mount Pleasant, Toronto , Ontario, Canada
Canadian factory activity increases at faster pace in November
  + stars: | 2020-12-01 | by ( Reuters Staff | ) sentiment -0.59   time to read: +2 min
Workers make jackets at the Canada Goose factory in Toronto, Ontario, Canada, February 23, 2018. The IHS Markit Canada Manufacturing Purchasing Managers’ index (PMI) rose to a seasonally adjusted 55.8 in November from 55.5 in October. The output index stayed solidly in expansion territory, dipping to 55.1 from 55.2 in October, which was its highest in more than two years. The measure of new orders also showed solid expansion, while the employment index rose to 52.5 from 51.2. Material shortages, supplier delays and transportation restrictions linked to the pandemic led to another deterioration in vendor performance during November, IHS Markit said.
Persons: Mark Blinch TORONTO, Shreeya Patel, ” Patel, IHS Markit Organizations: Canada, REUTERS, IHS, PMI Locations: Toronto , Ontario, Canada
Canadian pot producers may scale back in Europe: industry report
  + stars: | 2020-12-01 | by ( Shariq Khan | ) sentiment -0.96   time to read: +2 min
Slideshow ( 2 images )(Reuters) - Canadian cannabis producers are likely to scale back their investments in Europe as they come under pressure to cut costs and deliver profit, according to a joint report by two industry consultants on Tuesday. They, however, projected the current market at just a tenth of that value and said some Canadian companies may choose to follow two of the sector’s big players - Aurora Cannabis Inc and Canopy Growth Corp - in trimming spending outside North America. “Though they remain a tremendous force in Europe, forward momentum among (Canadian) liquidity providers will slow in the future, especially in newer or smaller markets,” the consultants said, adding this would give more room for European players. Cannabis investment in North America has surged in the past three years as Canada became the first major country to legalize the drug for recreational use, giving its firms a head start at a time when Europe and U.S. Federal rules remain more restrictive. Aurora already has a distribution network in Germany, while Aphria Inc and Tilray have established major production hubs in Denmark and Portugal, and may not need additional investment, the report said.
Persons: Aurora, Don Perrott, , ” Perrott Organizations: Brightfield Group, London, Hanway Associates, Aurora Cannabis Inc, Growth, Federal, Aphria, UK & Ireland Locations: Europe, Chicago, North America, Canada, U.S, Germany, Denmark, Portugal,
Bozzi is among thousands of people who have shared memories of loved ones on The AIDS Memorial Instagram account. While remembering those lost to AIDS is often relegated to World AIDS Day on Dec. 1, this social memorial honors them year-round. Ron Sese, a volunteer for The AIDS Memorial, said preserving history was among the memorial's inspirations. 'Lying there in my "deathbed"'While most of the AIDS Memorial posts are about loss, some are about survival and perseverance. Taylor's post ends with a poignant thought that encapsulates the mission of The AIDS Memorial.
Persons: Bruce Bozzi Jr, Tommy, Tommy Grella, Stuart, , Ron Sese, Sese, they've, Marie Jose, Boris, Jose, I'd, Exotica, Aaron Holloway's, Holloway, Renee Taylor, Taylor, She'd Organizations: AIDS, Times, NBC, Twitter, Facebook Locations: New York, Scotland, United States, England, Australia, Canada, Brazil, Ecuadorian, Queens , New York, Texas, West Virginia
OTTAWA—Canada’s deficit is growing at the fastest rate among developed nations as it seeks to prop up its economy during the Covid-19 pandemic. Canadian officials are betting the aggressive approach will pay off, pointing to the number of jobs already recovered, and argue that the country can afford to pour money into the economy while borrowing costs are historically low. But some economists warn the heavy spending could lead to a fiscal crisis, and one major ratings firm has already stripped the country of its triple-A rating.
Organizations: OTTAWA
Oil falls after OPEC+ talks delay sets off supply alarm
  + stars: | 2020-12-01 | by ( Aaron Sheldrick | ) sentiment -1.00   time to read: +2 min
TOKYO (Reuters) - Oil prices fell on Tuesday as concerns over mounting supply returned to the fore after leading producers delayed talks on 2021 output policy, while the coronavirus pandemic continues to sap fuel demand. FILE PHOTO: A TORC Oil & Gas pump jack is seen near Granum, Alberta, Canada May 6, 2020. West Texas Intermediate was down by 30 cents, or 0.7% at $45.04, having dropped 0.4% in the previous session. OPEC+ delayed talks on output policy for next year until Thursday, three sources told Reuters, as key players still disagreed on how much oil they should pump amid weak demand. Sources said the UAE had complicated the picture by signalling it would be willing to support a rollover of supply cuts only if group members’ compliance with cut commitments improved.
Persons: Todd, Brent Organizations: Gas, REUTERS, . West Texas, Organization of, Petroleum, ING, ” ING Locations: TOKYO, Granum , Alberta, Canada, COVID, OPEC, Russia, UAE, Saudi Arabia
Oil ticks up as OPEC, allies delay output deal meeting
  + stars: | 2020-12-01 | by ( Shadia Nasralla | ) sentiment -1.00   time to read: +2 min
LONDON (Reuters) - Oil prices ticked up on Tuesday, with early European trading erasing earlier losses, as all eyes were on talks between OPEC and its allies who postponed a formal meeting to decide whether to increase output from next month. FILE PHOTO: A TORC Oil & Gas pump jack is seen near Granum, Alberta, Canada May 6, 2020. Both contracts surged around 27% in November after COVID-19 vaccine developments raised hopes of an economic recovery that could revive fuel demand. OPEC+, which includes the Organization of the Petroleum Exporting Countries, Russia and other allies, delayed talks on output policy for next year until Thursday, sources told Reuters, as important players had not reached consensus. But with demand still under pressure from the pandemic, OPEC+ was considering extending current cuts into the first months of next year, a position backed by de facto OPEC leader Saudi Arabia, sources said.
Persons: Todd, Brent, , , Helima Croft, bode Organizations: Gas, REUTERS, West Texas Intermediate, Organization of, Petroleum, ING, Royal Bank of Canada Locations: Granum , Alberta, Canada, COVID, OPEC, Russia, Saudi Arabia
Oil prices steady as OPEC and allies seek consensus on output
  + stars: | 2020-12-01 | by ( Shadia Nasralla | ) sentiment -1.00   time to read: +2 min
LONDON (Reuters) - Oil prices were broadly steady on Tuesday as investors awaited direction from OPEC and its allies after the producers postponed a formal meeting to decide whether to lift output from January. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France September 17, 2019. The group was due to ease current production cuts by 2 million barrels per day (bpd) from January. With demand still weak, OPEC+ has been considering extending current cuts into the first months of 2021, a position backed by de facto OPEC leader Saudi Arabia, sources say. For a graphic on Brent and WTI price forecast for 2021:
Persons: Hartmann Brent, , Helima Croft, bode, ” Croft, Brent Organizations: REUTERS, West Texas, of, Petroleum, Royal Bank of Canada Locations: OPEC, Paris, France, Russia, Saudi Arabia
New Zealand raises concerns with China over Australian soldier image
  + stars: | 2020-12-01 | by ( Praveen Menon | ) sentiment -0.97   time to read: +2 min
WELLINGTON (Reuters) - New Zealand’s prime minister, Jacinda Ardern, said on Tuesday that her government has raised concerns with China about its using an image of an Australian soldier holding a knife to the throat of an Afghan child. “New Zealand has registered directly with Chinese authorities our concern over the use of that image,” Ardern told reporters in the parliament in the capital Wellington. New Zealand has a shared history, close cultural ties, geographic proximity and a strong economic relation with Australia. New Zealand will host the Asia-Pacific Economic Cooperation (APEC) next year, taking over from Malaysia, where the global event was held this year. Australia’s relationship with China has deteriorated since Canberra called for an international inquiry into the origins of the coronavirus pandemic.
Persons: Jacinda Ardern, ” Ardern Organizations: WELLINGTON, Reuters, Twitter, World Health Organization, WHO, Economic Cooperation Locations: China, Australia, Beijing, , Zealand, Wellington, New Zealand, Britain, Canada, United States, Hong Kong, Beijing . New Zealand, Asia, Malaysia, Canberra
ET Stocks Rally, Looking Past Virus Concerns: Live Updates RIGHT NOW Airbnb seeks valuation of nearly $35 billion in I.P.O. The Fed has suggested it is disappointed with that decision, and Mr. Powell will address it in his remarks. Mr. Powell plans to note that the legislation gave “sole authority over its funds” to the Treasury secretary and that the Fed will give the money back. “For now, significant challenges and uncertainties remain, including timing, production and distribution, and efficacy across different groups,” Mr. Powell will say. “I continue to believe that a targeted fiscal package is the most appropriate federal response,” Mr. Mnuchin says in his prepared remarks.
Persons: Ahmed Jadallah, Jean Pierre Mustier, Tesla, Dow, Dow Jones, — Powell, Mnuchin, Jerome Powell, Steve Mnuchin, Caroline Brehman, Jerome H, Powell, Steven Mnuchin, Mr, , , Brian Chesky, Calla Kessler, New York Times Airbnb, Airbnb, DoorDash, Michael J, York Times’s Eduardo Porter, Marcela Escobari, Escobari, Stephanie Brown, Emily Kask, Darren Woods Organizations: Reuters, Wall, Caixin, IHS, Nikkei, Organization, Economic Co, Debenhams, JD Sports, Dow Jones Indices, Federal Reserve, Treasury, Banking Committee, Fed, Financial Services, New York Times, Securities and Exchange Commission, Nasdaq, Roblox, Merced, The, Taxi Drivers, Machinists, Food Prep Workers House, Nurses, Goods, Mail, Supervisors, Brookings Institution, Taxi, Air Force, Salesforce, New, Exxon Mobil, ExxonMobil, The New York Times Exxon Mobil, Exxon Mobil’s, XTO Energy, Royal, Shell, Chevron, Exxon, Dow, Company Locations: I.P.O, Saudi, Saudi Arabia, Russia, Reuters U.S, Shanghai, Hong Kong, Japan, Europe, Germany, France, China, Kazakhstan, UniCredit, British, Arcadia, United States, York, Rochester, Mich, New York, Ann Arbor, Baton Rouge, La, Appalachia, Rocky, , Oklahoma , Texas , Louisiana , Arkansas, Canada, Argentina, Africa, New Mexico, West Texas, Guyana, Brazil
The threat of digital services taxes has prompted threats of trade retaliation from outgoing U.S. President Donald Trump’s administration. The new tax would come into effect on Jan. 1, 2022, and remain in place until a common approach is agreed upon. The measure would raise federal revenues by C$3.4 billion ($2.6 billion) over five years, starting in the 2021-22 fiscal year. “Canadians want a tax system that is fair, where everyone pays their fair share,” Finance Minister Chrystia Freeland told legislators in the fall economic update. Ottawa also plans to oblige people renting out short-term accommodation to charge sales taxes, saying popular digital rental platforms do not currently have to impose the taxes.
Persons: Donald Trump’s, Chrystia Freeland Organizations: OTTAWA, Finance Department, Economic Cooperation, Development, Facebook Inc, ” Finance Locations: Canada, Ottawa
Exxon tries to put the worst behind it with $20 billion writedown
  + stars: | 2020-11-30 | by ( Jennifer Hiller | ) sentiment -0.99   time to read: +2 min
HOUSTON (Reuters) - Exxon Mobil Corp on Monday said it would write down the value of natural gas properties by $17 billion to $20 billion, its biggest ever impairment, and slash project spending next year to its lowest level in 15 years. New cost cuts aim to protect a $15 billion a year shareholder payout that many analysts believe is unsustainable without higher prices. The writedown lays bare the size of the miscalculation that the company made in 2010 when it paid $30 billion for U.S. shale producer XTO Energy as natural gas prices went into a decade-long decline. Not mentioned was its Mozambique liquefied natural gas project. Next year’s spending will fall, to between $16 billion to $19 billion, but Exxon will increase spending by 2025 to more than this year’s about $23 billion level, Woods said.
Persons: Jim Young, , Darren Woods, Woods, Mark Stoeckle Organizations: HOUSTON, Exxon Mobil Corp, Exxon, REUTERS, Energy, Adams Funds Locations: Chicago, Norridge , Illinois, U.S, Argentina, Canada, Brazil, Guyana, United States, Mozambique
FILE PHOTO: A truck drives amongst workings at the De Beers Voorspoed Diamond mine near Kroonstad, South Africa May 3, 2017. REUTERS/James Oatway(Reuters) - Diamond mining giant De Beers on Monday outlined plans to ethically source its diamonds and be carbon neutral by 2030 due to growing investor pressure on companies to be environmentally and socially responsible. The initiative is the latest example of a miner setting sustainability goals in an industry blamed for depletion of natural resources, smuggling and child labor in supply lines. The company has tracked high-value diamonds from miner to retailer using blockchain to clear the supply chain of imposters and conflict minerals. Advocacy group Human Rights Watch had warned this month that major jewellery brands are still not doing enough to combat human rights and environmental abuses in their gold and diamond supply chains.
Persons: James Oatway, Beers, De Beers, De Organizations: De, REUTERS, Diamond, Human Rights Watch Locations: Kroonstad, South Africa, De, Canada, De Beers, kimberlite
PARIS/BRUSSELS/MADRID (Reuters) - NATO has asked members for more money to finance a salary hike for staff, a request some alliance nations deem disproportionate given the COVID-19 hit to their economies and are refusing, three European diplomats said. Some 1,000 civilians work within NATO’s international staff, which is composed solely of nationals from NATO member countries. “NATO salaries are subject to annual adjustment, based on a methodology agreed by all nations. Two NATO diplomats confirmed salary negotiations were under way and that there was unhappiness. According to the NATO website the salary is adjusted once a year on Jan. 1 at the time of the annual NATO salary review.
Persons: Yves Herman, Donald Trump, Emmanuel Macron, , , Trump, Jens Stoltenberg, Stoltenberg Organizations: NATO, REUTERS, European, NATO Headquarters, OECD, of Europe, European Space Agency, , Foreign Ministry, Pew Research Center Locations: BRUSSELS, MADRID, Brussels, Belgium, COVID, Europe, Turkey, Canada, European, Spain
Factbox: Moderna's mRNA coronavirus vaccine
  + stars: | 2020-11-30 | by ( Reuters Staff | ) + 0.00   time to read: +4 min
Pfizer’s vaccine also uses mRNA technology. - Other firms developing COVID-19 vaccines that use mRNA technology include Germany’s Curevac and U.S. biotech firm Arcturus Therapeutics Holdings Inc.- An authorized, safe and effective mRNA vaccine for COVID-19 would be a first for the technology, which has previously not been used for an approved vaccine or drug. - Moderna’s vaccine can be stored for up to six months at -20 Celsius though it is expected to be stable for 30 days at normal fridge temperatures of 2 to 8 degrees Celsius (36°-46°F). REGULATORY AND PRODUCTION TIMELINE- The United Kingdom’s health regulator started a real-time review of its experimental COVID-19 vaccine in October. TRIALS- The company was among the first to conduct COVID-19 vaccine human trials, starting in March and its late-stage 30,000 participant testing began on July 27 in the United States.
Persons: Dado Ruvic, Moderna, Takeda Israel Organizations: Reuters, Moderna Inc, COVID, REUTERS, U.S . Food, Drug Administration, European Union, Pfizer Inc, BioNTech, Moderna, U.S, Arcturus Therapeutics Holdings Inc, European Medicines Agency, Biomedical Advanced Research, Development Authority, National Institute of Allergy, National Institutes of Health Locations: U.S, Canada, Switzerland, United States, MODERNA, Japan, Qatar
REUTERS/Terray Sylvester/File PhotoNatural Law Energy’s (NLE) planned investment was billed by TC as the biggest-ever indigenous investment in an oil project, highlighting how some communities are seeking to share in the industry’s profits while others oppose it. NLE is talking with Alberta Indigenous Opportunities Corp, a provincial corporation, about guaranteeing some of the loans, he said. Francis said while there is risk Biden will quash KXL, he is optimistic his position will soften. Under the deal, TC would give NLE a stake and pay it a prescribed annual return in exchange for NLE raising funds and investing them in KXL, Mountain said. Mountain and TC declined to estimate the payments’ value and TC did not confirm NLE’s account of the deal’s structure, saying it was confidential.
Persons: Corp's, Terray Sylvester, Joe Biden, Alvin Francis of Nekaneet, , ” Francis, Joe Biden I’d, , Louis Bull, Brian Mountain, NLE, Spokespeople, Biden, Ken Coates, Francis, KXL, TC, Nekaneet, Terry Cunha, Steve Volker Organizations: TC Energy, Keystone XL, Keystone, REUTERS, TC, U.S, ” TC, Alberta Indigenous Opportunities Corp, Energy Inc, First Nations, University of Saskatchewan, Nations, Environmental Network Locations: WINNIPEG, Manitoba, Saskatchewan, Gascoyne , North Dakota, Canada, NLE, Akamihk, Little, Alberta, KXL, United States
HONG KONG (Reuters) - Prince Wong was still in her mother’s womb when the Chinese government reclaimed control over Hong Kong from the British in the summer of 1997. She was born nearly three months later, on September 27, into what some here call the city’s “cursed generation.”FILE PHOTO: U.S. President Bill Clinton talks with Hong Kong pro-democracy leader Martin Lee during a bilateral meeting in Hong Kong, China, July 3, 1998. His apartment looks over the hills of Hong Kong, forested with a mix of trees and skyscrapers. After the Hong Kong government postponed the elections for a year, the United States imposed unprecedented sanctions on Hong Kong and Chinese officials. “I may not be there to see democracy coming to Hong Kong or coming to China, but it will come one day.
Persons: Prince Wong, Bill Clinton, Martin Lee, Rick Wilking, Wong, , Carrie Lam, ” Wong, ” “, , , Martin, Lee, gaunt, Martin Luther King Jr, Mahatma Gandhi, Hong, don’t, “ They’ve, Finn Lau, laam, it’s, Lau, Joshua Wong, Lee Cheuk, ” Martin Lee, ” Lee, he’s, who’ve, Hong Kongers, ” Lee shrugs, Dave, , ” Dave, netizens, “ We’ve, Eli, ” Eli, ’ ”, , Eli finally, she’s, I’m, Yau Ma, Hong Kong’s wilder Organizations: Reuters, Hong, REUTERS, Hong Kong Polytechnic University, City, Government, Beijing, Chinese Communist Party, Poly, Polytechnic University, Liberation Army, Hong Kong Coliseum, Drainage Services Department, Kwun Yum, Lingnan University, ” Reuters Locations: HONG KONG, Hong Kong, China, Hong Kong’s, Beijing, Britain, , Beijing’s, United States, tamping, Hong, Victoria Harbour, Kowloon, Canada, Taiwan, Australia, Tibet, Xinjiang,
Fake Claims About Dominion Voting Systems Do Real Damage
  + stars: | 2020-11-30 | by ( John Poulos | ) sentiment -0.90   time to read: +2 min
Accurate, transparent and accessible elections—this is the objective that motivated me to create Dominion Voting Systems 18 years ago in Canada. None of Dominion’s systems use the Smartmatic software that has come under attack, as any state certification lab could verify. Dominion voting machines do one thing: accurately tabulate votes from county-verified voters using a durable paper ballot controlled and secured by local elections officials. Some of the main counties where results have been contested, like Philadelphia and Allegheny (Pittsburgh), don’t even use Dominion voting systems. In fact, across the 14 Pennsylvania counties that use Dominion systems, President Trump received 52.2% of the vote.
Persons: you’ve, it’s, Hugo Chávez, Trump Organizations: Systems, Twitter, Dominion, Denver . Dominion, National Institute of Standards, Technology Locations: Canada, U.S, American, Denver ., Venezuela, Philadelphia, Allegheny, Pittsburgh, Pennsylvania
Canada's Gardaworld further extends offer for UK's G4S
  + stars: | 2020-11-30 | by ( Reuters Staff | ) sentiment -0.98   time to read: 1 min
(Reuters) - Canadian security firm Gardaworld said on Monday it has further extended its cash offer for larger rival G4S, which has repeatedly rejected the hostile bid valuing the British company at about 3 billion pounds ($4 billion). The offer will remain open for acceptance until Dec. 16, Gardaworld said, after earlier extending the offer until Nov. 28. It received an acceptance level of 0.17% as at Nov. 28.
Persons: Gardaworld Organizations: Reuters Locations: British
SINGAPORE – Developing countries may face a long wait if they want a vaccine made in the West, but there's always the option of turning to China , says an economist from DBS. "Considering the billions of doses needed, and the risk [of] falling at the back of a very long line for Western vaccines, the appeal of the Chinese vaccines is apparent," Taimur Baig, chief economist and managing director at DBS Group Research, said in a note. There will be a rush to procure Western vaccines when they're approved by regulators, and poorer countries may find them unaffordable. According to Citi, developed countries have collectively secured 85% of total bilateral pre-orders of coronavirus vaccines. Sinopharm, or China National Pharmaceutical Group, reportedly submitted an application to Chinese authorities last week seeking approval.
Persons: there's, Taimur Baig, That's Organizations: China National Biotec Group, Sinopharm Group, Fair for Trade, Services, Beijing, Park, DBS, DBS Group Research, Citi, European Union, Ministry of Foreign Affairs, China National Pharmaceutical Group Locations: Beijing, China, SINGAPORE, U.S, Australia, Canada, Japan, Cambodia, Malaysia
In July, Royal Bank of Canada listed their top recovery stock picks following the announcement of the European Recovery Fund. Following the announcement of the European Recovery Fund, the Royal Bank of Canada listed their top stock picks for a European recovery in a July research note. And 10 out of the 11 stocks in the original list have been outperforming the STOXX 600 since November 11. The Stoxx 600 has risen by around 15% in November, making this its biggest one-month gain on record. Here is the full list of European recovery stocks:
Persons: They've Organizations: Royal Bank of Canada, European Recovery, RBC, European Recovery Fund, European Union, Siemens, Anheuser, Busch InBev, Royal, Shell, AXA, BNP, France's, Volkswagen Locations: EU, Zara
A health worker injects a person during clinical trials for a Covid-19 vaccine at Research Centers of America in Hollywood, Florida. Investment bank Goldman Sachs has forecast that more than 70% of people in developed markets will be vaccinated against the coronavirus by fall 2021. They said they expected the first doses of coronavirus vaccines to go to the most high-risk groups of people in the U.S. from mid-December onwards. Goldman expects the U.S. Food and Drug Administration to approve the Pfizer-BioNTech and Moderna vaccines in the coming weeks, with an FDA advisory committee meeting on Dec. 10 and possibly Dec. 17. On Friday, Dr. Slaoui told CNBC that Americans could expect to get "substantially back to normal" by summer 2021.
Persons: Goldman Sachs, Goldman, Daan Struyven, Sid Bhushan, Johnson, Moderna, Moncef Slaoui, Slaoui Organizations: Research Centers of America, Investment, Pfizer, BioNTech, AstraZeneca, Novavax, U.S . Food, Drug Administration, CNBC Locations: Hollywood , Florida, Moderna, U.S, Canada
Exxon is cutting costs and shrinking its workforce to stay afloat amid the worst oil downturn in a generation. Exxon Mobil, the nation's largest oil company, is losing money like never before. For the first time on record, the firm reported a loss three quarters in a row, from January through September. Now down in market value more than 50% from the start of the year, Exxon is cutting costs. What we're watchingThe job cuts Exxon has announced so far were determined by workforce reviews Exxon has been carrying out on a country-by-country basis.
Persons: Morgan Stanley, We'll Organizations: Exxon, Exxon Mobil, Bloomberg, Business Locations: Europe, Singapore, Guyana, Canada
I work about five hours a day, or around 100 hours a month, and make $7,000 a month that way. In addition to tutoring, I'm also on retainer with two large Russian firms, VTB and Gazprom, for regular seminars. It's completely normal for well-to-do Russian families to send kids to private school, then extracurricular sports, then have a personal tutor or two come for classes later on that day. Russian kids are almost always delightful. I've worked with numerous high-income families' kids and volunteered with low-income families via, and only ever had one disobedient kid.
Persons: George Pitchkhadze, , he's, Robin Madell, I've, I'm, Read, could've, chauffeured, Mercedes, they're, we're, Gucci, Hermes, I'd Organizations: VTB, Gazprom, Ivy League, Rolex, Porsche Locations: Russia, US, England, Canada, Moscow, Vegas, Miami, Nice, Russian, Moscow City, COVID,, Upwork
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