Thursday, 3 Dec 2020

American Express Co. Reveals Decline In Q3 Bottom Line

Biden Accidentally Refers To Proud Boys As ‘Poor Boys.’ People Rave Over The Rebrand.

Democratic presidential nominee Joe Biden made a minor flub during the final presidential debate on Thursday night, referring to the white supremacist group Proud Boys as “poor boys” ― and social media went wild over the comment.

While weighing in on President Donald Trump’s response to a question on race relations in America, Biden listed the president’s racist behavior and remarks before adding: “He has made everything worse across the board. He said about the poor boys, the last time we were on stage here, he said, ‘I tell them to stand down and stand ready.’ Come on. This guy is a dog whistle about as big as a foghorn.”

By “poor boys,” Biden meant the far-right group Proud Boys, whom Trump avoided denouncing at the last presidential debate. Instead, Trump declared: “Proud Boys, stand back and stand by.” The request was later met with support from the group.

The unintentional rebranding of Proud Boys sent Twitter into a tizzy as many shared their joy at the hate group being inadvertently dissed and insisted that their new name is, in fact, “Poor Boys.”

While the name also quickly became a hashtag, some Twitter users even guessed at what the Proud Boys’ reaction would be to their renaming:

 

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Live coverage: Malaysian PM to meet King on emergency measures to avert snap polls

Malaysian Prime Minister Muhyiddin Yassin is meeting the King on Friday (Oct 23) evening to seek royal assent for the proclamation of an “economic emergency”. This is to ensure that the upcoming Budget session does not result in snap elections which could jeopardise government spending to curb Covid-19, say sources.

Follow our live coverage on developments.

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Highlights from the final presidential debate between Trump and Joe Biden

  • President Donald Trump and his Democratic challenger, Joe Biden, squared off Thursday in their final presidential debate before Election Day, clashing over the coronavirus pandemic, climate change, and race in America.
  • Asked about his stance on Black Lives Matter, Trump said he was the "least racist person" in the room.
  • Biden said he would "transition from the oil industry" when they debated over climate change. 
  • Visit Business Insider's homepage for more stories.

Japan minister to unveil plan for cutting cellphone charges – Jiji

TOKYO, Oct 23 (Reuters) – Japan’s Internal Affairs and Communications Minister Ryota Takeda will announce a plan next week on promotoing competition in order to cut cellphone charges, Jiji news agency said on Friday.

Prime Minister Yoshihide Suga instructed Takeda in September to consider ways to cut charges, after calling earlier that month for such fees to be cut about 40% from current levels.

India’s $28 Billion of Green Bonds Are Under the Spotlight

In this article

India’s green bond issuers have preferred rupee denominated unlabeled issues. The majority of bonds have fixed coupon rates which can be serviced from the steady cash flow of renewable energy projects. Bond tenors vary from six months to over 30 years, with five- to 10-year tenor being most common. The privately-owned power producers have led the way both in terms of the amounts raised and in offering issues with call options that allow for early redemption.

See the full research report here

Adani Electricity extends interest free EMI facility in Mumbai

Due to this extension, customers can avail the EMI option to pay their bills and avoid inconvenience in power supply.

Adani Electricity Mumbai Ltd (AEML) has announced the extension of the interest-free EMI facility for a limited period for the customers in Mumbai starting from October 23 up to October 30, to address prevailing billing concerns of customers.

Due to this extension, customers can avail the EMI option to pay their bills and avoid inconvenience in power supply.

All customers are eligible to avail three interest free EMIs to clear their outstanding amounts and AEML consumers who have previously not opted-in for this service can now register for it at the AEML kiosk, AEML website, the call centre or customer care centre, the company said in a statement.

However, the EMI facility would not be applicable to customers that receive joint invoicing or consolidated bills, it added.

Customers can avail the EMI facility by visiting the website www.adanielectricity.com under quick pay option /AEML App /Kiosk / 19122 a 24×7-helpline number or visiting the customer care centre spread across the AEML distribution area.

They can make EMI payment through various options such as Net banking, Debit Card or cash at the kiosk or customer care center.

Concern Over Kilimanjaro's Biodiversity

The Director of the UNESCO World Heritage Centre, Mechtild Rössler, expressed concern after the fire that, on the afternoon of 11 October, broke out in Kilimanjaro National Park, a property inscribed on the World Heritage List in 1987. The site protects the largest free-standing volcanic mass in the world and the highest mountain in Africa: Kilimanjaro. Mount Kilimanjaro stands in isolation above the surrounding plains overlooking the savannah. It is encircled by a forest belt that is very rich in species, in particular mammals, many of them endangered.

American Express Co. Reveals Decline In Q3 Bottom Line

American Express Co. (AXP) reported earnings for third quarter that fell from last year.

The company’s bottom line totaled $1.07 billion, or $1.30 per share. This compares with $1.76 billion, or $2.08 per share, in last year’s third quarter.

Analysts had expected the company to earn $1.33 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 20.4% to $8.75 billion from $10.99 billion last year.

American Express Co. earnings at a glance:

-Earnings (Q3): $1.07 Bln. vs. $1.76 Bln. last year.
-EPS (Q3): $1.30 vs. $2.08 last year.
-Analysts Estimate: $1.33
-Revenue (Q3): $8.75 Bln vs. $10.99 Bln last year.

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