News

Fed Will Be Tested in 2021 as Vaccines Boost U.S. Economic Outlook | Investing News

(Reuters) – If 2020 was the year the Federal Reserve overhauled its game plan for supporting the U.S. economy, 2021 will be the year its new approach gets tested should a coronavirus vaccine deliver the lift that many analysts expect.

In its final policy meeting of the year this week, the U.S. central bank is expected to keep its key overnight interest rate pinned near zero and to signal it will stay there for years to come; many analysts also expect new guidance on how long the Fed will keep up its massive bond-buying program.

The super-easy monetary policy is part of a long-term strategy the Fed adopted in August to help it navigate a world of persistently low interest rates that limits the central bank’s options for fighting downturns and makes it difficult to hit its 2% inflation goal.

The idea is to counteract any unhealthy downward drag on

Read More

Smartmatic voting technology company sends legal notices to Fox News and other right-wing media outlets over ‘disinformation campaign’

A voting technology company swept up in baseless conspiracy theories about the 2020 election said on Monday that it had sent legal notices to Fox News and two other right-wing media companies for participating in a “disinformation campaign” aimed at damaging it.



a close up of a sign: NEW YORK, NY - MARCH 20: The News Corp. building on 6th Avenue, home to Fox News, the New York Post and the Wall Street Journal, on March 20, 2019 in New York City, New York. Disney acquired Fox today in a $71.3 million deal. (Photo by Kevin Hagen/Getty Images)


© Kevin Hagen/Getty Images
NEW YORK, NY – MARCH 20: The News Corp. building on 6th Avenue, home to Fox News, the New York Post and the Wall Street Journal, on March 20, 2019 in New York City, New York. Disney acquired Fox today in a $71.3 million deal. (Photo by Kevin Hagen/Getty Images)

The company, Smartmatic, said that Fox News, One America News, and Newsmax have helped spread false and defamatory claims that are not supported by real evidence and could easily have been debunked with basic research.

Loading...

Load Error

“They have no evidence to support their attacks on Smartmatic because there is no evidence,” Smartmatic chief

Read More

Mi9 Retail Ranks #1 Top Vendor for Tier 1 Retailers on the RIS News 2021 Software LeaderBoard

MIAMI, Dec. 14, 2020 /PRNewswire/ — Mi9 Retail, a software provider that enables retailers to automate and optimize merchandise management and demand planning, today announced that tier one retailers have recognized Mi9 as the #1 top vendor and #3 overall best retail software provider on RIS News’ 2021 Software LeaderBoard. Mi9 was also placed in 32 Top 10 categories, including customer satisfaction, quality of support and return on investment.

The annual RIS Software LeaderBoard evaluates technology vendors in head-to-head rankings and top-10 lists based on retailers’ satisfaction and the completeness of their solution set. Mi9 Retail has consistently ranked among the Top 10 in the overall best software provider category since 2014. This year’s report is the outcome of 714 evaluations submitted by 302 retailers who work with the 50 vendors identified in this report.

Among the 32 lists Mi9 Retail ranked in the Top 10, notable

Read More

US lawmakers ask Trump to keep tariffs off PPE, vaccine equipment | Coronavirus pandemic News

Personal protective equipment imported from China could face Trump’s trade war tariffs if exclusions are allowed to expire.

A bipartisan group of 75 United States lawmakers is urging the Trump administration to extend exclusions from import tariffs on medical products imported from China, including face masks, hand sanitising wipes and examination gloves as the country continues to battle record numbers of COVID-19 cases.

In a letter to US Trade Representative Robert Lighthizer, the legislators said failure to extend the exclusions beyond December 31 would hurt small businesses already suffering from stay-at-home orders aimed at containing the spread of the new coronavirus.

They said they recognised that the exclusions were granted in part to give US companies more time to diversify their supply chains out of China. But companies needed more time to complete those efforts given continuing travel restrictions, they said.

“Extending exclusions before they expire will help with pandemic

Read More

EU Commission Raises Doubts Over New Italian Media Law – Paper | Investing News

ROME (Reuters) – The European Commission last week raised questions over the validity of a recently approved Italian media law, which could potentially curb French group Vivendi’s interests in the country, daily la Repubblica reported on Monday.

In a letter sent to Italy’s Industry Ministry on Friday, the Commission said the law was not notified to Brussels, making it potentially inapplicable, according to the la Repubblica report.

The new rule could be “incoherent with European treaties,” the report said, citing the document.

Last month, Italy approved stop-gap legislation allowing national communications regulator AGCOM to start a probe into Vivendi’s Italian assets, to evaluate whether these holdings are harmful to media plurality.

Vivendi, controlled by billionaire Vincent Bollore, holds a 29% stake in Italy’s top commercial broadcaster Mediaset, and is also top investor in former phone monopolist Telecom Italia (TIM) with a 24% holding.

The new law could help Mediaset –

Read More

Hunter Biden News Should Shame Dismissive Media Outlets

Hunter Biden announced Wednesday he is under federal investigation for his financial dealings in foreign countries, including China. While the news sent shockwaves through Washington, D.C., it shouldn’t have been surprising. The announcement confirms many of the allegations of corruption that were leveled against Hunter Biden in the months leading up to the November elections – allegations the media steadfastly refused to cover.



Joe Biden, Hunter Biden standing in front of a mirror posing for the camera: U.S. Vice President Joe Biden, left, waves as he walks out of Air Force Two with his granddaughter Finnegan Biden and son Hunter Biden at the airport in Beijing, China, Wednesday, Dec. 4, 2013. (AP Photo/Ng Han Guan, Pool)


© AP Photo/Ng Han Guan, Pool
U.S. Vice President Joe Biden, left, waves as he walks out of Air Force Two with his granddaughter Finnegan Biden and son Hunter Biden at the airport in Beijing, China, Wednesday, Dec. 4, 2013. (AP Photo/Ng Han Guan, Pool)

The nation’s largest social media companies went further: They made the shocking decision to actively censor the New York Post’s eye-opening scoop revealing evidence of Joe Biden’s son’s influence peddling that was recovered from an abandoned laptop. Twitter locked the newspaper out

Read More

Falling Plane Values, E-Commerce Rise Fuels Boom in Converting Passenger Planes to Freighters | Investing News

By Jamie Freed, Ari Rabinovitch and Allison Lampert

SYDNEY/JERUSALEM/MONTREAL (Reuters) – From Air Canada to China’s CDB Aviation, airlines and leasing firms are rushing to permanently convert older passenger jets into freighters, betting on a boom in e-commerce as the value of used planes tumbles amid the pandemic.

That has created a huge opportunity for passenger-to-freighter (P2F) conversion companies, including Singapore Technologies (ST) Engineering Ltd, Israel Aerospace Industries (IAI) and U.S.-based Aeronautical Engineers Inc.

Aviation analytics firm Cirium expects the number of P2F conversions globally will rise by 36% to 90 planes in 2021, and to 109 planes in 2022.

“We estimate that most slots are sold for 2021 and at least 40% for 2022,” Cirium Head of Market Analysis Chris Seymour said. “There is an increase in newer-generation programs, notably the 737-800 and A321 as well as the A330, although older types like the 767 continue to see strong

Read More

U.S.-Based MSP Sports Capital Buys Into McLaren F1 | Investing News

LONDON (Reuters) – U.S.-based investment group MSP Sports Capital is taking a significant minority stake in McLaren Racing in a deal the Formula One team said would give them the tools to return to the top of the sport.

The long-term investment, announced on Sunday, is for an initial 15% holding rising to a maximum 33% by the end of 2022. McLaren said it values the British racing outfit at 560 million pounds ($740.5 million).

Under the deal, MSP will put 185 million pounds into the former world champions, who last won a race in 2012 but are still historically the sport’s second-most successful team, over a two-year period.

Luxury sportscar maker McLaren Automotive remains wholly owned by the McLaren Group, whose majority shareholder is Bahrain’s Mumtalakat holding company, and is not part of the transaction.

The consortium members include The Najafi Companies, a private investment firm, and UBS O’Connor,

Read More

Iran Summons German Ambassador Over EU Criticism of Journalist’s Execution – Media | World News

(Reuters) – Iran has summoned the ambassador of Germany, current holder of the European Union’s rotating presidency, over EU criticism of the execution of an Iranian journalist, Iranian media reported on Sunday.

The Iranian Foreign Ministry also plans on Sunday to summon the French envoy to Tehran, the semi-official Fars news agency said. France also strongly criticised the execution on Saturday of dissident journalist Ruhollah Zam, who had been based in Paris before he was captured and taken to Iran.

Zam was convicted of fomenting violence during anti-government protests in 2017. His Amadnews feed had more than 1 million followers.

The EU said in a statement after his execution: “The European Union condemns this act in the strongest terms and recalls once again its irrevocable opposition to the use of capital punishment under any circumstances.”

The French Foreign Ministry called the execution a “barbaricand unacceptable act”, saying in a statement:

Read More

Ireland Working on Support Scheme for Irish Firms in Case of UK-EU No Deal – Report | World News

DUBLIN (Reuters) – Ireland is working on a financial support scheme to help food exporters maintain their share in the British market in the event of a ‘no deal’ exit for Britain from the European Union, Foreign Minister Simon Coveney was quoted as saying on Sunday.

Ireland would be the European Union country most impacted if the two sides fail to agree a trade deal before Britain’s status quo transition period with the trading bloc ends on Dec. 31.

“In my view, the focus of that support should be on maintaining market share. At some point in the future we will hopefully be trading again in Britain, and we certainly don’t want to be losing market share for a really important market,” Coveney told the Business Post newspaper in an interview.

While Irish firms have diversified into new markets since the 2016 Brexit referendum, cutting trade to Britain to 9%

Read More