Business

As they begin to set sail again, cruises lines are optimistic for a turnaround.

Nothing demonstrated the horrors of the coronavirus contagion in the early stages of the pandemic like the major outbreaks onboard cruise ships, when vacation selfies abruptly turned into grim journals of endless days spent confined to cabins as the virus raged, eventually infecting thousands of people on board, and killing more than 100. It was […]

World News Live

Death toll in central China floods rises to 56, losses mount to $10 billion

BEIJING: The death toll from the rain-triggered unprecedented floods in central China has risen to 56 with five people reported missing and the official estimated losses totalled about $10 billion, the state media reported on Friday. The torrential rains, the heaviest in 1,000 years, have affected about three million people in Henan province and a […]

Technology

CCI stepping up vigil on digital economy: Chairman

The Competition Commission of India (CCI) is stepping up its vigil of India’s digital economy, the regulator’s chairman, Ashok Kumar Gupta, said at an event today. He was speaking at a virtual event called ‘Initiative on Choice, Competition and Innovation’ (ICCI) arranged by the Centre for The Digital Future (CDF). Gupta said that markets in […]

VR Headsets Could Help Jurors Deliver More Accurate Verdicts, Shows Study

‘I think it’s a real thing’

Technology

Google Play Protect on Android Failed Against Malware-Detecting Apps From Avast, McAfee, More: AV-Test

Google Play Protect, the pre-installed malware protection on Android devices, has failed to provide a competitive level of security against other popular anti-malware solutions in the market. The system detected just two-third of 20,000 malicious apps during a test that involved a total of 15 security apps for Android devices, according to a research. However, […]

Xiaomi Leads India Smartphone Shipments in Q2 2021, Realme Leads 5G Segment: Counterpoint

AWS earnings Q2 2021

Economy

Mortgage rates at six-month low, and refinances shoot up

A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York. Raychel Brightman | Newsday LLC | Newsday | Getty Images The popular 30-year fixed mortgage rate fell back to the lowest level since February last week, and the 15-year […]

Economy

Rates held near zero, economy better even with pandemic worries

The Federal Reserve on Wednesday held its benchmark interest rate near zero and said the economy continues to progress despite concerns over the pandemic spread. As expected, the Federal Open Market Committee concluded its two-day meeting by keeping interest rates in a target range between zero and 0.25%. Along with that, the committee said in […]

Economy

U.S. GDP rose 6.5% last quarter, well below expectations

The U.S. economy rose at a disappointing rate in the second quarter, the Commerce Department reported Thursday in a sign that the U.S. has escaped the shackles of the Covid-19 pandemic but still has more work to do. Gross domestic product, a measure of all goods and services produced during the April-to-June period, accelerated 6.5% […]

Economy

Pending home sales drop in June

A real estate for sale sign shows the home as being “Under Contract” in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images Pending sales of existing homes in June as measured by signed contracts fell 1.9% from May, according to the National Association of Realtors. Sales were also down 1.9% compared […]

Economy

The Fed could sound more worried about Covid and less ready to tighten

Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on coronavirus crisis, on Capitol Hill in Washington, June 22, 2021. Graeme Jennings | Pool | Reuters When the Fed emerges from its July meeting Wednesday afternoon, it may sound a bit more prone to keeping its ultra-easy policy […]

Economy

IMF warns that inflation could prove to be persistent

Customers shop for produce at a supermarket on June 10, 2021 in Chicago, Illinois. Scott Olson | Getty Images The International Monetary Fund warned Tuesday that there’s a risk inflation will prove to be more than just transitory, pushing central banks to take pre-emptive action. The issue is currently dividing the investment community, which has […]

Economy

Home prices broke records in May, according to S&P Case-Shiller

A “For Sale” sign is seen in front of a home on May 30, 2019 in Miami, Florida. Joe Raedle | Getty Images Home prices continue to break records, as strong demand slams up against weak supply. Nationally, home prices were 16.6% higher than in May 2020, the highest reading in the S&P CoreLogic Case-Shiller […]

Economy

Housing boom is over as new home sales fall to pandemic low

Sales of newly built homes dropped in June to the lowest level since the early days of the coronavirus pandemic in April 2020, according to data released by the U.S. Census Bureau on Monday. Sales of new single-family homes fell to an annualized rate of 676,000, 6.6% below May’s rate of 724,000 and 19.4% below […]