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Competition Bureau investigates Amazon.ca

Canada's Competition Bureau has launched an investigation into online selling powerhouse Amazon.ca to examine whether the website's U.S. owners are "impacting competition to the detriment of consumers and companies that do business in Canada."The Competition Bureau is seeking input from third party sellers in Canada that have used Amazon to conduct sales online. (David Ryder/Getty…

Rocket Companies Announces Preliminary Second Quarter Results

Company Achieves Record Origination Volume and Profitability, Will Host Second Quarter Earnings Call on September 2DETROIT, Aug. 14, 2020 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a financial technology company consisting of personal finance and consumer service brands including Rocket Mortgage, today announced preliminary and unaudited results for the second quarter…

DfID plan accused of ‘putting UK aid in pockets of wealthy business’

A newly announced aid programme that promises to help workers in the developing world supplying goods to British high street chains like Marks & Spencer, Primark and Morrisons has been condemned for using taxpayers’ money to “pick up the bill” for improving workforce conditions. The £6.85m scheme, announced on Thursday by international development secretary Anne-Marie…

Covid-19 Treatment Market 2020 Global Leading Companies: Moderna, Inc.; DIOSynVax; Imperial College London, UK

Covid-19 Treatment Market 2020 Global Leading Companies : Moderna , Inc.; DIOSynVax; Imperial College London, UK The “COVID-19 Treatment Market “study aims to provide a thorough overview of various growth dynamics, including key drivers and limiting factors, customer or end-user patterns, and new avenues. Improving living standards, dual-income families and growing disposable income are driving…

Malaysia’s 17.1% GDP contraction in 2Q20 the worst so far in ASEAN

KUALA LUMPUR (Aug 14): The massive 17.1% gross domestic product (GDP) contraction in the second quarter 2020 (2Q20) has so far made Malaysia the worst-performing economy in ASEAN. For Malaysia, the figure is the worst double-digit quarterly contraction since 1998, or about 22 years, following the unprecedented lockdown imposed to stem the spread of Covid-19.…

EMERGING MARKETS-Asia stocks, currencies fall as China data dents recovery hopes

* Graphic: Foreign flows into Asian stocks tmsnrt.rs/3f2vwbA * South Korea stocks fall most * China data disappoints, but analysts still see a recovery By Nikhil Nainan Aug 14 (Reuters) - A surprise fall in Chinese retail sales knocked Asia's emerging market stocks and currencies on Friday, on fading hopes the world's second-largest economy could…

Charts show how a shrinking economy hurts SA banks

Investors will be more focused on understanding how well banks are positioned to recover: Jan Meintjes. Roxanne Henderson, Bloomberg 14 Aug 2020  06:59  Image: Mike Hutchings, Reuters South Africa’s moribund economy is dealing a hammer blow to the country’s banks, which are facing profit declines of as much as 85%. The true extent of that…

The UK Has Plunged Into a Recession Due to COVID-19. The Poorest Will Be Hit the Hardest.

Finance & InnovationThe economy fell by a record 20.4% during the COVID-19 lockdown.Why Global Citizens Should CareThe United Nations’ Global Goal 10 calls for reduced inequalities and inclusive economies. The latest data on the UK’s economic recession — and the worrying impact it looks set to have on the country’s most financially and food insecure…