Reuters US equities closed mixed on Friday as traders weighed escalating US-China tensions against rosy labor-market data. President Donald Trump issued executive orders Thursday afternoon targeting TikTok-owner ByteDance and WeChat-owner Tencent. The orders ban US transactions with the apps in 45 days. The US on Friday placed sanctions on 11 Chinese officials and their counterparts in Hong Kong. On the economic data front, the US added 1.8 million jobs in July.
Anti-China protests were held in Canada’s Toronto on August 01. It was organized by Canada Hong Kong Link & Bangladesh Minority Rights Alliance. Indian, Tibetan, Vietnamese & Taiwanese diaspora joined the protest. Amid the protests, demonstrators praised India and chanted slogans of Prime Minister Narendra Modi. A woman representing the Hong Kong Canadian community said that it is of utmost importance for the people of the world to be united against China. She said, “I’m representing the Hong Kong Canadian community in joining force with our brothers and sisters from different ethnic communities to oppose to the brutal suppression of the Chinese authoritarian regime. We would like to show solidarity for our brothers and sisters that are under suppression in Tibet, Hong Kong, India, Taiwan and other parts of the world. It is of utmost importance for all people over the world to be united in saying no to this suppressive regime. We also need to urge the Canadian government to come up with a strong foreign policy.” Watch the full video for more details.
Credit: HT Digital Content Duration: 01:47Published
A local court in Gurugram summoned founder of Alibaba Group, Jack Ma over a former employee's complaint seeking a compensation of Rs 2 crore from the Chinese company. Lawyer Atul Ahlawat said, "My client Pushpandra Singh Parmar has filed a civil suit against Jack Ma, the Founder of Alibaba Group, for wrongful termination. He was working as an Associate Director with Alibaba's UC Web Mobile Company. He is seeking a compensation of Rs. 2 crore. The allegations which are contained in the civil suit are very serious and the allegations are of such nature if found true, gives greater importance and shows the modus operandi of the Chinese companies in India and while they're trying to push narrative of their country. They are harming public notion. There are more than 13 crore Indian users of UC browser as per claimed by the company and the fake news or misinformed public opinion is being circulated." He further said, "Gurugram District Court has issued summons to the defendants, including Jack Ma, the Founder of Alibaba Group. Summons are returnable for 29th July. Till date, we have not received any response from the defendants."
[NFA] New York state's attorney general sued to dissolve the National Rifle Association on Thursday, alleging senior leaders of the non-profit group diverted millions of dollars for personal use. At the same time, the attorney general for Washington, D.C., filed suit against the NRA, alleging the misuse of charitable funds. This report produced by Jillian Kitchener.
A large group of people, including Indian Diaspora, gathered near the digital billboard of Ram Mandir at New York's Times Square. People were seen celebrating the foundation laying ceremony of the Ram Temple. The crowd also sang 'bhajans' and chanted 'Jai Shri Ram'. On August 05, a billboard of Ram Mandir was seen at Times Square in New York. Prime Minister Narendra Modi on August 05 laid foundation stone of Ram Temple in Ayodhya where dignitaries from various fields were present.
A billboard of Ayodhya's Ram Temple was seen at Times Square in New York. The billboard appeared on day of temple's foundation stone laying ceremony. The digital billboard featured Lord Ram next to the upcoming temple in Ayodhya. Earlier, at a grand ceremony in Uttar Pradesh's Ayodhya, Prime Minister Narendra Modi did the 'bhumi pujan', and laid the foundation stone of the new Ram temple. After offering prayers at Hanumangarhi and the idols of 'Ram lalla', or the child deity, PM Modi participated in the bhumi pujan rituals. All the participants, including the PM and the priests, wore face masks and observed social distancing norms due to the raging Covid-19 pandemic. RSS chief Mohan Bhagwat and UP CM Yogi Adityanath also attended the grand ceremony. Attendance at the event was limited due to the outbreak. The construction of the Ram temple is beginning 9 months after the Supreme Court handed the Mandir side the disputed site while awarding an alternate plot to the Babri Masjid litigants. Watch the full video for more.
Credit: HT Digital Content Duration: 03:13Published
[NFA] New York City is putting up COVID-19 quarantine checkpoints at key entry points to ensure that incoming travelers from 35 states with outbreaks comply with New York's 14-day quarantine mandate, Mayor Bill de Blasio said on Wednesday. This report produced by Jillian Kitchener.
Homebound customers of Uber Technologies more than doubled their orders from the company's food-delivery service in the second quarter but demand for ride-hailing trips only marginally recovered from pandemic rock-bottom. Fred Katayama reports.
Uber driver Johan Nijman faces a difficult decision as federal unemployment aid expires: risk failing to pay for groceries and even lose his home, or resume driving and potentially catch COVID-19 as a diabetic. This report produced by Yahaira Jacquez.
Uber has joined up with Thames Clippers for the launch of its new service UberBoat. The service, which commences in London on Monday, will allow users topurchase tickets for Thames Clippers boats in advance through the Uber app andthen use QR technology to board. The payment will be processed using Uberaccount details. Passengers will be able to use the service across a fleet of20 boats on the River Thames, with departures from 23 piers across London.
Credit: PA - Press Association STUDIO Duration: 01:06Published
California’s Air Resources Board wants to cap emissions from vehicles being used for companies like Uber and Lyft. These rideshare app businesses have an infamously tumultuous history with labor regulators in their home state. However, Gizmodo Earther reports they seem far more receptive to going green than they are to sufficiently compensating their workforce. The proposal would mandate that 60% percent of miles traveled by Uber and Lyft vehicles be in electric vehicles by 2030.
Business Insider reports that Uber is using its resources to help track and trace the corona virus. Uber unveiled an initiative to share user data on drivers or riders who may have come into contact with coronavirus-infected individuals. The data will be shared with global public health officials to aid contact tracing efforts. Public health officials will be able to view the data and give Uber advice on the step it can take to minimize exposure to their customers and employees.
Here's your markets breakfast for Tuesday. Donald Trump said Monday night that trade negotiations with China have "essentially" begun, but noted final agreement would need "titled advantage" for U.S...