Finance

by | March 15, 2020 | 05:05

LV= stressed that the suspension was a temporary move, adding there would be no change for existing customers. A report by The Independent cited a company spokesperson as stating: "Following a review of Aviva's travel insurance, we have chose to adjust our cover to reflect the current risks posed by coronavirus".

by | March 15, 2020 | 05:03

In a statement released by his charitable foundation Friday, Ma said he worked to collect the scarce medical supplies for weeks. Ma, whose almost $40 billion net worth makes him the world's 21st richest person, has recently donated supplies and money to several other countries affected by the fast-spreading coronavirus outbreak, including Iran, Italy, Japan and Spain.

by | March 15, 2020 | 04:02

United States stock markets surged at the open of trading on Friday, in a volatile week that has seen coronavirus fears kill off the 11-year bull run in stocks, and sink U.S. Federal Reserve and the European Central Bank. The Dow fell 5,352.82 points, or 18.8%. Central bank action from around the world also boosted equities.

by | March 15, 2020 | 03:20

In announcement, the company said " we understand this is an unprecedented step, but these are unprecedented times ". For contractors and hourly workers who are not able to perform their responsibilities from home, Twitter will continue to pay their labour costs to cover standard working hours while Twitter's work-from-home guidance and/or travel restrictions related to their assigned office are in effect, she added.

by | March 15, 2020 | 02:48

A woman in her 80s living in El Paso County who had underlying health conditions is the first person confirmed to have died of the novel coronavirus (COVID-19) in Colorado, the Colorado Department of Public Health and Environment said Friday afternoon.

by | March 15, 2020 | 02:44

Given global public health circumstances, Royal Caribbean Cruises Ltd. has made a decision to suspend the sailings of our fleet globally at midnight tonight. Guests who are booked on cruise itineraries which will be impacted by this decision are encouraged to contact their travel advisors or reach out to their cruise lines directly.

by | March 15, 2020 | 02:01

USA central bankers pledged Thursday to inject some $1.5 trillion into the financial system in an effort to calm panicky markets after the spreading coronavirus triggered steep price declines on everything from stocks to bitcoin. Given the scope of the Fed's action Thursday, many economists now expect the Fed to slash its benchmark interest rate by a full percentage point, to almost zero, at its policy meeting next week.

by | March 15, 2020 | 00:55

This week, Amazon.com Inc. also notified employees of the first confirmed case of coronavirus among its US workforce, at its South Lake Union office complex in Seattle. Ten of the USA deaths have been in Washington state and the eleventh was confirmed in California Wednesday. Microsoft also asked employees to suspend any business travel to the areas "unless essential for the continuity of Microsoft".

by | March 14, 2020 | 23:28

Italy has the world's second oldest population after Japan, according to the World Bank, and older people appear to be more vulnerable to becoming severely ill with the new coronavirus . Professor John Edmunds, from the London School of Hygiene & Tropical Medicine, said: "This will be a long epidemic and the appropriate measures need to be taken at the right time to maximise their impact, help ensure compliance and minimise economic and social costs".

by | March 14, 2020 | 23:16

Amazon said all employees diagnosed with COVID-19 or placed into quarantine will receive up to two-weeks of pay. Its a remote job offer for employees who can do it includes its Seattle headquarters , San Francisco Bay Area and greater Milan, Italy.in late March, the company reported.

by | March 14, 2020 | 23:06

Known as "Woodstock for capitalists", Berkshire's annual meeting is one of corporate America's biggest gatherings and draws thousands of people each year. Buffett wrote in a statement. Berkshire's meeting has become so popular that Buffett has even warned investors that airline tickets to Omaha often increase that weekend.

by | March 14, 2020 | 22:20

Up to 6.5 million people - almost a quarter of the country's population - on government benefits, including pensioners, the unemployed and family tax benefits, will receive one-off payments of 750 Australian dollars each (485 US dollars). Finance Minister Mathias Cormann has confirmed to ABC's RN Breakfast that the government's promised surplus won't happen. Australia has recorded 112 instances of the coronavirus as of 11am native time on Wednesday, up from 100 the day past, the health ...

by | March 14, 2020 | 22:14

The Atlanta-based company is also adopting a hiring freeze and offering employees voluntary unpaid leave. The precarious situation facing USA carriers is focusing attention on Washington, where Treasury Secretary Steven Mnuchin said the airlines were likely to need assistance due to their "short-term liquidity issue".

by | March 14, 2020 | 22:08

Over the weekend Saudi Arabia lowered the price of crude to American Asian and European buyers, and said they would increase production as well. A flood of low-cost oil from Saudi Arabia, the world's largest exporter, and the United Arab Emirates is intensifying the pressure on prices after the collapse of a price supporting agreement with Russian Federation last week.

by | March 14, 2020 | 21:13

One major concert event, the South by Southwest festival held in Austin each year since 1987, put on by SXSW LLC, has investors and the company stunned financially from the city's decision to cancel the 2020 event over coronavirus fears, apparently putting its future in jeopardy as it scrambles to ascertain how much revenue it stands to lose.

by | March 14, 2020 | 20:34

Hemmati noted that the worldwide community has requested IMF to provide $50 billion as emergency financial aid adding that Iran also wants to receive part of this assistance. The IMF added that it "remains fully operational and stands ready to serve its members". The United States is now pursuing a policy of " maximum pressure " aimed at crippling the finances of Iran's government.

by | March 13, 2020 | 16:25

Asian shares plunged, then recovered slightly as Friday the 13th brought still more turmoil to markets reeling from uncertainty over the coronavirus crisis. The Dow was up 500 points after jumping more than 1,000 points at the open. For some, especially older adults and people with existing health problems, it can cause more severe illnesses, including pneumonia.

by | March 13, 2020 | 11:55

Boris Johnson poses with his new look Cabinet. The former Chancellor has fired a warning shot at the Prime Minister, according to The Times , an aspect The Independent also focuses on, while Metro reports that Mr Javid was "thrown under the bus".

by | March 13, 2020 | 10:14

The woman, who was not said to be exhibiting symptoms, was placed in quarantine. Hagen said that as a private company with strong finances, it did not have to worry about quarterly profit expectations. 'By taking this bold action of voluntarily pausing the operations of our ships, it is our intention to reassure our loyal guests, team members and global stakeholders of our commitment to the health, safety and well-being of all who sail with us, as well as those who do business with us, and ...

by | March 13, 2020 | 08:27

On Wednesday the government announced $2.4 billion for health measures to combat the coronavirus . Despite only affecting about 120 people in Australia so far, economists are expecting the widening epidemic to cause a recession in the second quarter.

by | March 13, 2020 | 02:35

Most large companies so far have limited the option of working from home to specific regions in the United States. Business Insider , however, reports that Google's offices in North America will remain open to workers if they need to be physically present for their job.

by | March 12, 2020 | 22:28

And another anxious parent said: "When are you going to close schools @BorisJohnson?" He made it clear that the Johnson administration is concerned by the economic impact of the coronavirus and measures to mitigate it, telling the BBC: "As I talked about yesterday [when presenting the budget], there will be an impact on the demand side of our economy as people are unable to spend in the way they normally would and travel, but it also affects the supply chains for businesses and that ...

by | March 12, 2020 | 17:26

Mark Carney's parting shot as governor, which returns the main interest rate to a record low of 0.25 per cent, comes as COVID-19, the flu-like infection caused by the virus, spreads rapidly, stoking fears of global recession and roiling markets.

by | March 12, 2020 | 10:42

President Donald Trump said earlier this week that his administration was planning some "very dramatic" fiscal stimulus measures to support the economy. Stock prices generally move on two main factors: how much profit companies are earning and how much investors are willing to pay for each $1 of them.

by | March 12, 2020 | 04:14

A bear market is confirmed when an index closes 20% or more below its most recent closing high. Stocks plunged as World Health Organization director Tedros Adhanom Ghebreyesus rang alarm bells over the deadly coronavirus , which has spread to at least 114 countries, killing 4,607 worldwide.