BMW Warns On H2 Despite Strong Q2 Results; Stock Down

Shares of BMW Group were losing around 5 percent in German trading after the luxury automaker warned Tuesday that its second half-year is likely to be more volatile, affected by supply bottlenecks, high prices for raw materials and a shortage of semiconductors. This was despite reporting strong second-quarter results driven by solid demand. The company expects production restrictions to continue […]

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IMD may deploy cutting-edge tech to forecast weather accurately

IMD has decided to increasingly use cutting-edge technology such as artificial intelligence and machine learning in forecasting. A few days ago, farmers from some 150 villages gathered at a square in the Ujjain district of Madhya Pradesh and burnt the effigy of the India Meteorological Department (IMD), the country’s foremost weather forecasting agency. Reason? They alleged that their standing crop […]

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‘Jet Airways is being revived, but its employees have no future’

‘The actual amount due to Jet Airways employees is Rs 1,200 crore, and the management is giving only Rs 52 crore.’ Jet Airways staff has sought Civil Aviation Minister Jyotiraditya Scindia’s intervention in addressing their issues vis-a-vis the resolution plan of the Kalrock Capital-Murari Lal Jalan consortium, the new owner of the defunct airline, which they say has denied them […]

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Remote or office work? The strategies are varied

New York (CNN Business)Americans are trickling back to their pre-pandemic workplaces, but most offices are still largely empty. And that’s affecting local economies in a major way. Love it or hate it, commuting is good for the economy. You pay train conductors’ salaries with your subway fare. The dry cleaner by the office and the coffee shop around the corner […]

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State exits from unemployment programs help raise $53 billion for infrastructure

The Senate unveiled infrastructure legislation, the Infrastructure Investment and Jobs Act, on Sunday. Its $1 trillion price tag is partially financed by early withdrawals among 26 states from federal unemployment programs, which officially expire Labor Day. Those exits and an improving U.S. economy will save $53 billion in 2021 and 2022, with most of the savings this year, according to […]

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North Sea oil firms will help UK hit net zero

The UK offshore oil and gas industry sector is a major asset in ensuring the UK meets its Paris agreement commitment to keep the planet’s global average temperature rise below 1.5C, says Deirdre Michie Last modified on Mon 2 Aug 2021 12.45 EDT Far from threatening the UK’s net zero goals, all companies operating in the North Sea, including private […]

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The 11 worst U.S. states for retirement in 2021

Choosing where to retire comes with a number of decisions, including if you want to be close to friends or family, what's best for your health and how much you want to spend. While some places may be great options for you, others won't be. To determine the best and worst states for retirement in 2021, personal finance website Bankrate […]

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