Chinese electric vehicle (EV) maker Xpeng Inc, backed by Alibaba <BABA.N> and Xiaomi Corp <1810.HK>, has filed to list its shares in New York, seeking to ride enthusiasm for EVs even as U.S.-China relations are strained. The move, announced on Friday, comes as share prices of EV makers including Tesla Inc <TSLA.O> and Nio Inc <NIO.N> have surged in recent months. Shares in Xpeng rival Li Auto Inc <LI.O> soared more than 50% following its debut on Nasdaq on July 30, after the Chinese automaker sold shares to investors in its $1.1 billion IPO.
A last-ditch effort by Democrats to revive Capitol Hill talks on vital COVID-19 rescue money collapsed in disappointment at week's end, making it increasingly likely that Washington gridlock will mean more hardship for millions of people who are losing enhanced jobless benefits and further damage for an economy pummeled by the still-raging coronavirus. President Donald Trump said Friday night he was likely to issue more limited executive orders related to COVID, perhaps in the next day or so, if he can't reach a broad agreement with Congress. The day's negotiations at the Capitol added up to only "a disappointing meeting,” declared top Senate Democrat Chuck Schumer, saying the White House had rejected an offer by House Speaker Nancy Pelosi to curb Democratic demands by about $1 trillion.
Ever-Glory International Group, Inc. (the "Company" or "Ever-Glory") (NASDAQ: EVK), a retailer of branded fashion apparel and a leading global apparel supply chain solution provider, today announced that the Company will report its second quarter 2020 financial results on August 14, 2020 before the open of trading in the U.S.
New Zealand Prime Minister Jacinda Ardern kicked off her Labour Party's election campaign Saturday riding high in the opinion polls after a successful response to the coronavirus outbreak. Ardern's popularity as preferred prime minister -- often referred to as "Jacindamania" -- topped 60 percent in the latest surveys following her leadership through the Christchurch mosque attacks, the White Island volcanic eruption and the pandemic. Before the virus forced New Zealand to seal its borders, the polls had pointed to a cliffhanger election on September 19, but support swung sharply towards the centre-left Labour Party as the country eliminated community transmission in a matter on months.
The death toll from an Indian passenger aircraft accident has risen to 18, while 16 people have been severely injured, a senior government official said on Saturday. The Air India Express plane, which was repatriating Indians stranded in Dubai due to the coronavirus pandemic, overshot the runway of the Calicut International Airport in heavy rain near the southern city of Kozhikode on Friday. This was India's worst passenger aircraft accident since 2010.
India has recorded 933 COVID-19 fatalities in the past 24 hours as fresh infections surged by another 61,537 cases to reach nearly 2.1 million. The Health Ministry says the total deaths touched 42,518, including more than 20,000 in the past 30 days. India has the third-highest caseload in the world after the United States and Brazil.
Fierce rain and winds lashed a plane carrying 190 people before it crash-landed and tore in two at an airport in southern India, killing at least 18 people and injuring scores more, officials said Saturday. The Air India Express Boeing 737, on a special flight from Dubai to bring back Indians stranded overseas by the coronavirus pandemic, overshot the runway at Kozhikode in Kerala state late Friday, plunged down an embankment and broke up, according to first accounts. "After the crash, the emergency door opened and I dragged myself out somehow," he told AFP from a hospital bed in Kozhikode.
Beijing's top representative office in Hong Kong said on Saturday that sanctions imposed by Washington on senior Hong Kong and Chinese officials were "clowning actions" that would not frighten or intimidate Chinese people. The Hong Kong government said the sanctions were "shameless and despicable" and represented "blatant and barbaric" interference in China's internal affairs. The United States on Friday imposed sanctions on Luo Huining, the head of China's Liaison Office, as well as Hong Kong leader Carrie Lam and other current and former officials that Washington accuses of curtailing political freedoms in the global financial hub.
TORONTO, Aug. 7, 2020 /CNW/ - Friday 07/08/2020LOTTO MAX estimated jackpot $10 million 09, 21, 26, 28, 30, 37 & 44\\.
New Zealand Prime Minister Jacinda Ardern on Saturday launched her re-election campaign promising a "laser-like" focus on boosting jobs and economic growth hit by the COVID-19 pandemic. The charismatic 40-year-old leader is on track for a comfortable victory in the Sept. 19 election, according to opinion polls, having won global praise for her leadership during the coronavirus pandemic. It has been 99 days since New Zealand had any domestic transmission of COVID-19, a rare achievement as the pandemic rages globally, and it has re-opened the economy after undergoing a complete shutdown to eradicate the coronavirus.
With assets of all stripes rallying and the S&P 500 Index <.SPX> approaching fresh records, investors are facing a dilemma: stay in or get out. Surging U.S. stocks, Treasuries and gold prices have come to the brink of simultaneously notching record highs for the first time in history, while rallies in once beaten-down assets like oil, financial stocks and the euro have accelerated. "We are in the 'bull everything' trade," said Christopher Stanton, chief investment officer at Sunrise Capital Partners.
Lebanon's economy, already sinking before the explosion that knocked out its main port, could now shrink by double the rate previously forecast for this year, making it even harder to secure the financing the country needs to get back on its feet. Economists say Tuesday's blast, which also damaged large parts of commercial Beirut, could lead to a GDP contraction of around 20-25% this year - far beyond the IMF's recent forecast for a 12% decline due to a deepening economic and political crisis. A financial crisis had already led Lebanon to enter negotiations with the International Monetary Fund in May this year after it defaulted on its foreign currency debt, but those talks were put on hold in the absence of reforms.
Dirty fuel oil widely used to generate electricity in Mexico should be completely banned, Mexican scientist Mario Molina said, citing its high sulfur content as a danger to both human health and the earth's atmosphere. The oil, a byproduct of the refining process, is especially prevalent in Mexico due to the inability of its aging refineries to efficiently process the country's heavy crude. "Fuel oil should be banned," said Molina in an interview last week.
As the S&P 500 approaches fresh highs, some investors hope to pick up bargains in the battered U.S. real estate sector, where values of some major stocks have been cut in half this year. Coronavirus-fueled lockdowns and a major shift toward working from home have weighed on residential and retail U.S. real estate investment trusts. The sector has slid 7% this year compared with a 3% gain on the S&P 500.
Italy approved on Friday a new stimulus package aimed at helping businesses and families survive the coronavirus crisis, while Rome waits to receive funds from the European Union's Recovery Fund. Italy hopes to front-load this year part of 209 billion euros in grants and cheap loans it should receive from the Recovery Fund starting in 2021. The Italian economy has been among the worst hit by the crisis, facing an 11.2% contraction this year, according to European Union estimates, the sharpest fall in the 27-nation bloc.
Judge Indira Talwani rejected bail for U.S. Army Special Forces veteran Michael Taylor and his son, Peter Taylor after Japan had sought their extradition. Ghosn fled to Lebanon, his childhood home, after being charged in Japan with engaging in financial fraud by understating his compensation in Nissan's financial statements. "While the Taylors may well seek to remain in the United States to fight extradition through available legal channels, they have also shown a blatant disregard for such safeguards in the context of the Japanese legal system and have not established sufficiently that if they find their extradition fight difficult, they will not flaunt the rules of release on bail and flee the country," Talwani wrote.
“He’s not a radical. But he is running on the most liberal policy platform of any Democratic candidate in modern history.”
“Public opinion has been shifting leftward, and Biden’s thinking has shifted with it.”
“Biden shows that he’s more moderate than some in his party.”
“Biden has always been a creature of his time, and the COVID-19 crisis could force him to veer further left.”
“Liberal activists have lauded the campaign’s outreach to progressives.”