LONDON—BP plunged to a $5.7 billion loss last year, its first in a decade, as the pandemic took a heavy toll on oil demand, and the energy company warned of a tough start to 2021 amid widespread travel restrictions. Despite the weak environment, however, CEO Bernard Looney told Reuters the company’s transition to a greener…
Pfizer Forecasts Roughly $15 Billion in Revenue for 2021 From COVID-19 Vaccine
Pfizer Inc. said they expect total revenue in sales of CCP virus vaccines in 2021 to generate roughly $15 billion.
Biden Faces Tough Challenges in Fixing World Trade System
WASHINGTON—Globalists await President Joe Biden’s reset on U.S. trade policy, but deep-seated problems and lack of consensus among allies will likely create a significant hurdle for the new administration in fixing the global trading system that has failed to contain non-market economies like China. Biden has promised to take a more multilateral approach in dealing…
Google to Spend $3.8 Million to Settle Accusations of Hiring, Pay Biases
OAKLAND, Calif.—Google will spend $3.8 million, including $2.6 million in back pay, to settle allegations that it underpaid women and unfairly passed over women and Asians for job openings, the U.S. Department of Labor said on Monday. The allegations stemmed from a routine compliance audit several years ago required by Google’s status as a supplier…
The IMF Is Digitizing Your Future and Finances
Sponsored Content There’s been plenty of chatter concerning the International Monetary Fund (IMF). These “discussions” range from criticisms to dystopian warnings. No matter what degree of negativity you may have received from these messages, they point to a common “endgame”—a Bretton Woods 2.0, a concept introduced by IMF Director Kristalina Georgiev in her article, “A…
Tesla to Recall 135,000 US Vehicles Under Pressure From Auto Safety Regulators
WASHINGTON—Tesla Inc has agreed to recall 134,951 Model S and Model X vehicles with touchscreen displays that could fail and raise the risk of a crash after U.S. auto safety regulators sought the recall last month, according to a recall posted on a government website Tuesday. The National Highway Traffic Safety Administration (NHTSA) made the…
Burma Coup to Dampen US Trade, Impact Footwear Companies, Experts Warn
February 2, 2021
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WASHINGTON—The coup in Burma is expected to dampen the already tepid interest of U.S. and Western companies in investing in Burma, and may prompt some big U.S. companies to pull out, trade experts and analysts said on Monday. Total trade in goods between Burma and the United States amounted to nearly $1.3 billion in the…
Facebook Rolls Out Prompts to Track Data After Apple Announces Privacy Change
Facebook on Feb. 1 rolled out a new security feature that requests users’ permission to let the tech company track their activity.
Lowe’s Hiring More Than 50,000 Workers This Spring
The home improvement retailer Lowe’s is planning to hire more than 50,000 workers this spring to fill seasonal, part-time, and full-time roles at its stores across the country. Lowe’s is also going to issue some $80 million in discretionary bonuses to its current employees, making it the seventh bonus the retailer has provided employees since…
Ford, Google Join Hands to Offer Cloud-Based Data Services
Ford Motor Co will tap into software, artificial intelligence and cloud computing offered by Alphabet’s Google to develop new consumer services and modernize internal operations, the companies said on Monday. As part of a six-year partnership, the Dearborn, Michigan-based automaker will incorporate the tech giant’s Android operating system into its Ford and Lincoln vehicles starting…
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