Year: 2020

We’ve got something worth remembering today.
You see, an old friend of ours owns one of the county’s largest farms. To get to his home, we turn off a sleepy country road and bump our way down a long gravel driveway. It rattles our teeth and keeps unwanted folks from knocking on the old farmer’s door.
Just before his house comes into view beyond a grassy hill, there lies an old cemetery.
It’s the kind of place you’d bury your kin if you’re in a hurry to get the corn out of the field. The small, humble plot of land seems quite pleased …read more […]

May.25 — Saxo Capital Markets Australia Market Strategist Eleanor Creagh believes markets have run ahead of reality in pricing a speedy recovery. She speaks with Bloomberg’s Haslinda Amin and Yvonne Man on “Bloomberg Markets: Asia.” …read more […]

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(Bloomberg) — Europe’s leaders may be united on the need to throw money at economies during the coronavirus crisis, but they have yet to confront how to pay for it all.That reckoning could force governments across the region into tough choices about where to lay the burden among voters already disillusioned with political establishments — a decade after the global financial crisis presented them with previous bills to settle.Europe’s austerity experiments since then, from Greece to the U.K., provide cautionary tales of either the economic damage or electoral fatigue that spending cuts can cause. With those bitter experiences in mind, …read more […]

A German federal court judge ruled that Volkswagen has to pay compensation to motorists who purchased vehicles with manipulated diesel engines, a major blow for the carmaker in its home market as it continues to reel from the emissions scandal. Germany’s highest court for civil disputes ruled on Monday that those who purchased the vehicles in question are entitled in principle to receive damages. The ruling, which will allow owners to return their vehicles for partial reimbursement of the purchase price, serves as a template for about 60,000 lawsuits that are still pending with lower German courts. …read more […]

Apple Inc.’s (AAPL) China sales continued to recover in April, driven partly by the launch of a cheaper iPhone, CNBC reported.The tech giant sold 3.9 million iPhones in China in April, reflecting a 160% surge from March figures, when it sold 1.5 million smartphones, the Shanghai-based market research firm CINNO Research told CNBC.The signs of a recovery path since February comes as the world’s second largest economy slowly reopens again after the coronavirus pandemic forced store closures earlier this year that led to sales declines. China iPhone sales slumped 60% in February year-on-year. Since mid-March, all stores in China have …read more […]

Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup weedkiller causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases. In April, Bayer’s management regained shareholder support for its handling of the litigation process. Bloomberg cited people familiar with the negotiations as saying that the deals have yet to be signed and Bayer is likely to announce the settlements in June. …read more […]

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