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Travel restrictions and Covid-19 As of October 2021 travel to Australia remains restricted by the Australian government due to the pandemic. Check on current restrictions before booking travel. Ah, Australia. A fascinating country of contrasts with cosmopolitan cities and snow-capped mountains, dramatic beaches and the desert-like outback. Most travelers find that it’s well worth the 20-or-so-hour

Burberry has poached Jonathan Akeroyd from Milan-based Gianni Versace to take over from Marco Gobbetti as its chief executive. Akeroyd, who has been chief executive at the Italian fashion house since June 2016, reorganised Gianni Versace, accelerating its growth during his five-year tenure. Before that he led Alexander McQueen for 12 years, leading a turnround

Jack Ma is holidaying in Spain, according to two people familiar with his travel plans, marking the Chinese internet tycoon’s first confirmed trip outside China since he ran afoul of the country’s financial regulators late last year. The Hong Kong-traded shares of Alibaba, Ma’s ecommerce group, rose as much as 9.2 per cent on Wednesday

A car is one of the largest investments you will ever make next to a home. It’s common knowledge that a car depreciates in value the minute a new car leaves the sales lot. What you may not realize, though, is that depreciation is often the single largest cost associated with owning a car. Depreciation

10/19/2021, 10:54:53 PM IMF’s first woman chief economist Gopinath to return to Harvard in January Mamta Badkar in New York IMF chief economist Gita Gopinath will leave the fund and return to Harvard University in January 2022 after a three-year term. Gopinath’s public service leave of absence from Harvard University’s economics department had been extended

Canadian National said on Tuesday that its chief executive Jean-Jacques Ruest will leave the company as soon as January, weeks after UK hedge fund manager Chris Hohn called for his resignation. The Montreal-based railway group said Ruest’s departure was a planned retirement after just over three years in the role. But his exit comes as

There are two tax-smart ways to set aside money for college: 529 plans and Roth IRAs. While 529 plans are designed to pay for education, you can also tap a Roth IRA for college even though it’s intended for retirement. Key Takeaways 529 savings plans and Roth IRAs are both tax-advantaged options to save for

The first US bitcoin exchange traded fund launched on Tuesday, capping an almost decade-long push for a cryptocurrency-linked product to appear on a major Wall Street venue. The ProShares Bitcoin Strategy ETF launched on the New York Stock Exchange after the opening bell. While similar ETFs already trade in other jurisdictions, the listing in the

Starship prototype 20 is stacked on top of Super Heavy Booster 4 on August 6, 2021. SpaceX Elon Musk’s SpaceX has become one of the world’s most valuable private companies, and Morgan Stanley believes the Starship rockets the venture is developing will have wide-reaching implications. Starship is the massive, next-generation rocket SpaceX is developing to be

Procter & Gamble has said it will raise prices on more household goods, warning that supply chain costs would be higher than it had previously anticipated. Andre Schulten, chief financial officer, said P&G recently informed retailers that it will begin charging more for some grooming, skin care and oral care products. That follows price increases

The world financial market is an extremely complex system that involves many different participants from local banks to the central banks of each nation and even you, the investor. Due to its importance on the global economy and our everyday lives, it is vital that it is functioning properly. One tool that helps the financial

An animated trajectory map shows the path of the Lucy mission, with the spacecraft (blue) launching from the Earth (green) out to the asteroids around Jupiter (orange). NASA NASA’s latest exploration spacecraft launched over the weekend, beginning a 12-year journey to visit Jupiter’s Trojan asteroids. A tool familiar to Wall Street was used to craft

BHP maintained full-year production targets for every one of its sectors despite pressures created by labour shortages, the Anglo-Australian mining group said in its quarterly operational review on Tuesday. The company said that pandemic-induced labour shortages had hit its iron ore operations in Western Australia, just days after rival Rio Tinto cut its yearly production

Good morning. Sometimes, when you write about finance, you have to sit down and build yourself a big ol’ spreadsheet, fill it up with individual data points, and see if it teaches you anything. If nothing else, it reminds you that the big trends you blather on about are made up of little bits of

Leveraged exchange-traded funds (ETFs) are designed to deliver a greater return than the returns from holding long or short positions in a regular ETF. Leveraged ETFs have been created to offer long or short exposure to benchmarks like the S&P 500 Index or the Nasdaq 100, while others are designed to move along with specific

Zalmay Khalilzad is stepping down as US envoy to Afghanistan after playing a central role in America’s chaotic military withdrawal from the country and leading Washington’s talks with the Taliban as they regained power and influence. His departure follows a multi-decade career in top diplomatic roles, including US ambassador to the UN, Iraq and Afghanistan

In this article HOOD GME Rafael Henrique | LightRocket | Getty Images The Securities and Exchange Commission said online brokerages, enticed to increase revenue through the controversial industry practice of payment for order flow, are turning stock-trading into a game in order to encourage activity from retail investors. Wall Street’s main regulator on Monday released its

Countering the security threat from the rise of China will be an important part of Nato’s future rationale, the alliance’s chief has said, marking a significant rethink of the western alliance’s objectives that reflects the US’s geostrategic pivot to Asia. In an interview with the Financial Times, Nato secretary-general Jens Stoltenberg said that while China

As of today, October 18, 2021, the 20-year fixed mortgage purchase rate is 2.97% and the 20-year fixed mortgage refi rate is 3.10%. These rates are not the teaser rates you may see advertised online and based on our methodology should be more representative of what customers could expect to be quoted depending on their

Countering the security threat from the rise of China will be an important part of Nato’s future rationale, the alliance’s chief has said, marking a significant rethink of the western alliance’s objectives that reflects the US’s geostrategic pivot to Asia. In an interview with the Financial Times, Nato secretary-general Jens Stoltenberg said China was already

It is a remarkable coincidence that THG has decided the “time is right” to seek premium status just as the market delivered the verdict that Matthew Moulding’s beauty and nutrition empire is anything but. The ecommerce and technology group, whose shares are down nearly 60 per cent this year following last week’s disastrous investor presentation,

Mutual fund analysis typically consists of an elementary analysis of the fund’s strategy (growth or value), median market cap, rolling returns, standard deviation, and perhaps a breakdown of its portfolio by sector, region and so on. Investors often settle for statistical results without questioning the underlying drivers of those results, which can yield information that

China’s economic growth slumped to its slowest pace in a year in the third quarter, as a property slowdown and energy shortages highlighted rising pressure on policymakers. Gross domestic product grew 4.9 per cent year-on-year in the third quarter, according to data released by the National Bureau of Statistics on Monday, compared with 7.9 per

Good morning and welcome to Europe Express. We’re off to quite an eventful week. EU leaders, commission officials and members of the European parliament over the coming days will be dealing with the continuously aggravating issue of Poland — now complete with a constitutional law conundrum. The country’s PM will be front and centre to

Socialism is a loaded word in the United States—a country where capitalism is the prevailing economic system and is the basis for the system of government. One situation in which the word tends to come up is when Americans look at government programs, especially Social Security. To understand what the debate is about, let’s first review

China tested a nuclear-capable hypersonic missile in August that circled the globe before speeding towards its target, demonstrating an advanced space capability that caught US intelligence by surprise. Five people familiar with the test said China’s military launched a rocket that carried a hypersonic glide vehicle which flew through low-orbit space before cruising down towards

Venezuela’s government has suspended internationally sponsored negotiations with the opposition and revoked the house arrest of six American prisoners after the US extradited a close ally of president Nicolás Maduro to face money laundering charges. Venezuela’s chief negotiator Jorge Rodríguez said in a televised statement that his side would not attend the next round of

The period of time in a day during which trading activity takes place is known as the trading session. For most stock markets, the main trading session takes place during the daytime, where one trading session represents a single day of business. The beginning of the session is marked by the opening bell, which signals

Megan Leonhardt | CNBC As third-quarter earnings roll out and 2021 winds down, analysts and investors are looking for which companies can close out the year on a bullish note. Many firms had stellar starts to the year, and are in a tough spot to continue growing at such rapid paces.   Costco braved the

The European Central Bank is exploring raising its limit on purchases of EU-issued bonds, in a move that would enhance its flexibility in asset-buying schemes and boost the status of the bloc’s groundbreaking joint debt programme launched this year. Four ECB governing council members told the Financial Times they would support increasing the share of