Finance

by | March 30, 2020 | 17:42

The wage subsidy will cost $130 billion, bringing the current stimulus effort to $320 billion. Australian Council of Trade Unions (ACTU) secretary Sally McManus also said she was glad to see that the subsidy would apply to most workers, but warned that the $1,500-a-fortnight payment "may not be enough".

by | March 30, 2020 | 16:13

He also said that there would be a six-month moratorium on evicting people who find themselves in financial distress. National Cabinet has today agreed to further reduce public gatherings from a maximum of ten people to just two. The Prime Minister strongly advised that people aged over 70, those with a chronic illness aged over 60, and Indigenous Australians over the age of 50 should stay at home as much as practical.

by | March 30, 2020 | 15:24

On Monday, Brent futures were down 6.7 percent, or $1.68, to $23.25 a barrel as of 0249 GMT, after earlier dropping to $23.03, the lowest since November 2002. The oil price declines in March have been the steepest in history . Storage capacity is also being questioned, as the increase in oil that has no customers is likely to create more oil than there is storage space .

by | March 30, 2020 | 15:26

While people across the country are quarantined in their homes to prevent the spread of the coronavirus , many are resorting to delivery orders and online grocery stores. One of the organizers lambasted the company's disparities in treatment for corporate versus gig workers, who package the goods customers are buying.

by | March 30, 2020 | 13:55

As more people have begun working from home in recent weeks, Butterfield reported that Slack broke a record this week with 12.5 million concurrent users . On Tuesday. March 10, Slack hit 10 million simultaneously connected users. As of February 2020, Slack has seen more than 277,000 daily active users in Australia.

by | March 30, 2020 | 08:53

The IRS has not weighed in on timing, but former agency officials say both of those timeframes are overly optimistic; they point to previous stimulus check payments that took about two months to reach taxpayers. As for the method, a Senate Republican aide who helped draft the legislation said that for households for which the IRS has direct-deposit information - which is about half of those eligible for the money - those payments will go straight into people's accounts.

by | March 30, 2020 | 08:00

Abbott plans to make ID NOW COVID-19 tests available next week to health care providers in urgent care settings in the country. The development was hailed as a " game changer " by former FDA commissioner Scott Gottlieb who said it is "very likely" there will be additional approvals for point-of-care diagnostics, "extending testing to doctor offices across the U.S".

by | March 30, 2020 | 06:57

Morrison said it was important for some retail outlets to remain open for now to allow people to gather essential items ahead of further social distancing restrictions, but he warned further closure of businesses was imminent. "There are some, if you like, moral rules here, about how if there are people who need our healthcare in Australia, through no fault of their own, then of course we would extend that to them".

by | March 30, 2020 | 05:23

Police and the public prosecutor's office confirmed the news of Schaefer's death in a joint statement on Saturday, according to the report. Schaefer, 54, had been widely expected to succeed Hesse's prime minister, Volker Bouffier, if Bouffier decided not to stand for re-election in 2023.

by | March 30, 2020 | 00:57

President Donald Trump will undoubtedly have more to say later on today at his press conference on coronavirus . "PUSA stitched together fragments from multiple speeches by President Trump to fraudulently and maliciously imply that President Trump called the coronavirus outbreak a "hoax"," the letter read, adding that the POTUS was referring to the Democrat's politicization of the coronavirus outbreak when he called it a "hoax" and not COVID-19.

by | March 29, 2020 | 10:14

In an alarming development, Morrison said that entire quarantine situation will be monitored by the Australian Defence Force (ADF), who will run compliance checks to ensure recent arrivals aren't laughing it up at the local Westfield. that is an early positive sign, but we have so much more work to do", he said. "Further changes will be introduced during the week that will allow Global Positioning System and other providers to apply their usual billing practices to telehealth ...

by | March 29, 2020 | 06:31

As economists and rating agencies flag uncertainty on the extent of the impact of COVID-19, and the consequent curbs on economic activity, most state-owned lenders have extended emergency funding lines to companies, especially small and medium enterprises.

by | March 29, 2020 | 01:38

During his daily briefing on Saturday, Trudeau announced that starting Monday at noon, anyone showing symptoms of COVID-19 will be denied boarding on all domestic flights and inter-city passenger trains. "But at the same time, we're asking Canadians to work from home, wherever possible", Trudeau said Friday. "But we've taken in billions and billions of dollars in tariffs on steel, and much of it comes in from China, but they can come through the Canadian border, too", said Trump.

by | March 29, 2020 | 01:12

Secretary Mnuchin has promised that President Trump will sign it into law. Futures tied to USA stocks had declined steeply earlier in the morning, yet pared their losses after it was announced that an unprecedented 3.28 million workers filed for unemployment benefits - five times the previous record high.

by | March 28, 2020 | 22:25

On Thursday, Musk tweeted that his vehicle company had been working with Medtronic to start making ventilators. This information surfaced at a time when previously, Elon Musk kept insisting to keep his Tesla factories open despite the new coronavirus spreading in the US.

by | March 28, 2020 | 15:23

The major cruise ship lines are shut out of the $2T coronavirus stimulus package headed for a vote tomorrow in the U.S. House, despite Pres. Trump's desire to help them . "It is very hard to lend to a company when they are based in another country", Trump said. "We are also working with our crew to sort out the issues this decision presents for them".

by | March 28, 2020 | 14:39

As such, it still remains eligible for the Federal Reserve's new backstop facility for investment-grade rated corporate debt. Oil prices collapsed to their lowest levels in decades in March amid coronavirus concerns and OPEC+'s failure to reach a deal on production cuts, which prompted Riyadh and its allies to open the taps.

by | March 28, 2020 | 13:13

However, with the fall in crude oil prices, there can be some relief expected. All commercial banks (including regional rural banks, small finance banks, and local area banks), co-operative banks, all-India financial institutions, and NBFCs (including housing finance companies and micro-finance institutions), and lending institutions, are being permitted to allow a moratorium of three months on payment of instalments with regard to all term loans outstanding as on March 1, 2020.

by | March 28, 2020 | 10:55

House Speaker Nancy Pelosi (D-Calif.) speaks to news reporters ahead of a vote on the CCP virus relief bill on Capitol Hill in Washington on March 25, 2020. The vote on the bill , which was eventually approved unanimously, was delayed by a last-minute dispute between Republican and Democratic senators over unemployment benefits.

by | March 28, 2020 | 10:11

The uncompromising comments on Wednesday were a surprise, since Ottawa has enjoyed smooth relations with U.S. President Donald Trump's administration over the past 18 months. -Canada border during the coronavirus outbreak , arguing that such a move would be unnecessary given the low amount of illegal crossings and it would damage relations between the longtime allies.

by | March 28, 2020 | 08:54

The Trump administration issued new guidelines for state and local governments to use when making decisions about "maintaining, increasing or relaxing social distancing and other mitigation measures" for COVID-19. "China has been through much & has developed a strong understanding of the virus", Trump said . Xi said China was committed to working with the worldwide community to overcome the pandemic.

by | March 28, 2020 | 00:48

U.S. Rep. Debbie Dingell, a Michigan Democrat, said her state is facing a critical need for ventilators. In a series of tweets , Trump blasted GM and its CEO, Mary Barra, over an apparently stalled plan to manufacture the medical devices at Kokomo, inc., plant.

by | March 27, 2020 | 22:50

In a video message, Johnson said he had a temperature and a persistent cough. "We will get through it, and the way we will get through it is of course by applying with the measures we have heard so much about", he said. Prime Minister Boris Johnson is facing calls to close down construction sites during the coronavirus crisis. He also said his symptoms were mild and that he was working from home and self-isolating.

by | March 27, 2020 | 22:35

Rodríguez, acting director of the Division of Consumer Affairs. We are actively collaborating with attorneys general in more than ten states, and with numerous federal prosecutors, as they work to investigate and prosecute alleged price gougers.

by | March 27, 2020 | 22:29

The Ottawa-based central bank lowered its policy rate Friday by another half a percentage point to 0.25%, adding in a statement that the unscheduled rate decision brings the rate down to its effective lower bound. The CPPP will help support the flow of credit to the economy by alleviating strains in Canada's commercial paper markets. "But beyond that, the bigger news here is the Bank's decision to take the full plunge into quantitative easing - it's now official".