Finance

by | March 25, 2020 | 19:55

And a New York-based group of Amazon workers said that when a CCP virus case is confirmed at any facility, the site be closed down. The Shepherdsville facility, which employs roughly 1,000 workers, is at least the second US warehouse to have temporarily closed in recent days after employees contracted the virus.

by | March 25, 2020 | 16:42

The Dow Jones Industrial Average jumped 2,112.98 points, a record for a single day, as negotiations continued over a massive stimulus package to help the crippled economy deal with the coronavirus pandemic . Spain confirmed a total of over 42,000 cases, while Italy reported a total of at least 69,100 confirmed cases and 6,800 deaths. In the US, more than 55,000 cases have been confirmed along with over 69,000 in Italy.

by | March 25, 2020 | 10:54

Meanwhile, myGov has crashed " as Australians try to access government services like Centrelink online ". A denial of service attack is a cyber attack in which hackers overwhelm a website with users in a bid to overload it and cause it to crash.

by | March 25, 2020 | 10:25

White House legislative affairs director Eric Ueland said the timeline for a vote would be "as soon as possible". The potential for a deal was good news for USA stocks that have been battered by the uncertainty surrounding the coronavirus.

by | March 25, 2020 | 05:43

Last week, Amazon said it would raise pay for warehouse workers and delivery drivers by $2 per hour through the end of April. The company also claims it's nixed stand-up meetings during shifts. The company, which generated $280.5 billion in sales previous year, said the pay hikes will cost $350 million. With a lot of Amazon information already out there and a plan to hire 100,000 new workers to meet the buckling demand put on the company, Bezos copped to the fact that he is not able to ...

by | March 24, 2020 | 21:59

Higher gold prices pushed the materials sector, which includes precious and base metals miners, up 7.6%. Sen. Schumer and Treasury Secretary Mnuchin say they hope to have a deal by this morning, and Speaker Pelosi is optimistic about passage, saying the Senate will adopt language from the House bill around oversight of the $500B allocation to the virus loan program.

by | March 24, 2020 | 14:09

About a third of Americans have been ordered to stay at home, and the Fed warned of " severe disruptions " from the virus as it rolled out another series of measures to pump funds into the economy, including buying unlimited amounts of government debt - a move akin to printing money.

by | March 24, 2020 | 08:54

An increase of Rs 1 per litre in excuse duty would mean an additional Rs 14,500 crore of revenue to the exchequer a year, according to Hindustan Times . This increase in excise duty of ₹ 8 per litre will be the highest in the two tenures of the NDA government. The March 14 excise duty hike had reportedly helped the government collect over Rs 2,000 crore.

by | March 23, 2020 | 20:57

The Federal Reserve also said it "expects to announce soon the establishment of a Main Street Business Lending Program to support lending to eligible small-and-medium sized businesses, complementing efforts by the [Small Business Administration]".

by | March 23, 2020 | 19:54

Now prices average out to $1.88 per gallon today, according to GasBuddy's daily survery of 139 stations. AAA confirmed with state leaders Sunday night that Florida's ports are scheduled to remain open for deliveries of various goods including gasoline.

by | March 23, 2020 | 15:44

Online video accounted for more than 60% of total downward traffic volume according to a 2019 Sandvine report, while in another report last month it said that YouTube alone accounted for a quarter of all mobile traffic. We believe that more streaming and video platforms will announce plans to reduce video quality to align with bandwidth constraints in different countries.

by | March 23, 2020 | 14:35

The BOJ also announced a new policy enabling it to provide loans against corporate debt of about 8 trillion yen (73.37 billion US dollars) as of the end of February as collateral at the interest rate of zero percent with maturity of up to one year.

by | March 23, 2020 | 12:32

According to worldwide media reports, CEO Sheikh Ahmed bin Saeed Al Maktoum, acknowledged that the entire world has literally gone into quarantine. Emirates, among the globe's greatest global airline companies, will certainly ground its whole guest fleet today and also cut personnel wages by as high as fifty percent as a result of the coronavirus and also its effect on traveling need, Reuters record.

by | March 23, 2020 | 10:15

As a support measure for USA drillers, the administration plans to initially purchase 30 million barrels for the Strategic Petroleum Reserve in May and June, and buy as much as 77 million barrels of oil in total over time. At 11:19 GMT, May WTI crude oil is trading at $23.25, up $2.42 or +11.62%. Texas's main oil regulator is weighing for the first time in almost half a century whether the state should cut crude output, a move that would have an enormous business and political impact.

by | March 23, 2020 | 05:30

McDonald's said it wanted to protect the wellbeing of staff and customers. "We have decided that the best course of action right now is to temporarily shut down our restaurants until further notice". It will also engage with the local communities to provide distribution of food and drinks in the near future, the company added. "See you for the good times soon".

by | March 23, 2020 | 05:13

He added the decisions were taken as a temporary measure to monitor unnecessary crowding at railway stations. Despite the reduction in services, GWR reassured travellers that demand remains low, and customers are able to distance themselves from others.

by | March 23, 2020 | 05:11

Mnuchin tells " Fox News Sunday " that there is a "fundamental understanding" reached with Republican and Democratic congressional leaders to provide significant aid. When asked why it took so long for the federal government to respond, Mnuchin said "Nobody expected this to take off at the rate it did". The coronavirus was discovered in Wuhan, China, in December.

by | March 23, 2020 | 03:40

The British government unveiled an income guarantee for workers affected by the coronavirus pandemic covering up to 80% of salaries in a socialist gamble unthinkable a week ago. An interest-free loan scheme announced last week has been extended from six months to 12 months for businesses. To also help the self-employed through the tax system, Mr Sunak announced that the next self-assessment payments would be deferred until January 2021.

by | March 23, 2020 | 02:24

The company has suggested employees to work from home. A group of four USA senators, including Democratic presidential candidate Bernie Sanders, sent a letter to Amazon CEO Jeff Bezos , asking him to answer questions about how the company keeps its warehouse workers safe amid the continued spread of the new coronavirus .

by | March 23, 2020 | 00:25

They have a lot less incentive to take advantage of the lower gas prices as the Coronavirus threat has led to a virtual public shutdown and a mass migration to work-at-home. There is a pre-coronavirus level for oil demand, and a post-coronavirus level of demand. Meanwhile, Russia and Saudi Arabia, two of the world's largest oil producers, are in a spat that's destabilizing the supply of oil.

by | March 22, 2020 | 22:26

As the gilts are sold, the price drops and the yield - the effective interest rate compared to the price - rises. "In the event firms believe such forecasts can be made, the PRA expects firms to reflect the temporary nature of the shock, and fully take into account the significant economic support measures already announced by global fiscal and monetary authorities".

by | March 22, 2020 | 22:14

Kennedy International, and Newark Liberty airports along with regional airports. All flights have also been halted going into Philadelphia International Airport, as well as smaller airports in New Jersey and Pennsylvania. "The FAA is working with local health officials and employee representatives to determine how many personnel might have interacted with the trainee in recent days".

by | March 22, 2020 | 10:15

The Trump administration plans to send a special energy envoy to Saudi Arabia to work with the kingdom on stabilising the global oil market, as the USA scrambles to deal with a price crash so deep that Texas regulators considered curbing production for the first time in almost half a century.

by | March 22, 2020 | 03:24

The $820-billion scheme to buy additional government and corporate bonds will only be concluded once the bank "judges that the coronavirus Covid-19 crisis phase is over, but in any case not before the end of the year", the ECB said in statement.

by | March 22, 2020 | 01:10

Amazon also confirmed any employees who now can't come to work at the delivery station are receiving full pay, but being told to stay home. The text was sent by a worker to a group called Amazon Workers United rather than management, but the company has now confirmed that one of its employees in Queens has the illness COVID-19.