Finance

by | April 02, 2020 | 21:28

Read our coronavirus live blog for all the latest news and updates " The deal protects the jobs of BA staff and, as far as possible, also protects their pay". The airline, which has grounded much of its fleet, has been in negotiations with the Unite union all week. Britain has launched a job retention scheme which covers 80% of salary capped at a maximum of 2,500 pounds ($3,093) a month.

by | April 02, 2020 | 21:22

Unemployment claims in the US soared to 6.6 million last week, the Department of Labor reports. Businesses continue to lay off and furlough workers amid the coronavirus outbreak. That's 3.3 million more than the record 3.3 million people who filed for benefits two weeks ago, or about double. "We'll hire a company to scan that paper application in, cause I gotta be as creative as possible because of where we are", Lawson said.

by | April 02, 2020 | 21:20

Trump said he had spoken to Saudi Crown Prince Mohammed bin Salman, and expects Saudi Arabia and Russian Federation to cut oil output by as much as 10 million to 15 million barrels per day, as the two countries signaled willingness to make a deal.

by | April 02, 2020 | 17:59

Futures for each of the three major indices were slightly higher Thursday evening as Congress closed in on passing a $2 trillion economic relief package. The death toll has climbed to more than 24,000, while more than 120,000 have recovered. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia, or death.

by | April 02, 2020 | 16:40

The massive surge in jobless claims drove down United States stock futures. The resulting surge in jobless claims has overwhelmed state unemployment offices , whose crashing websites and jammed phone lines have prevented some workers from applying for benefits at all.

by | April 02, 2020 | 12:52

Saudi Arabia had said that its oil exports would be about 10 million bpd, but it gave no indication of how much crude would go into storage. To help the oil market find a base, a truce between Russian Federation and Saudi Arabia is essential, especially as global demand crumbles under the weight of the coronavirus pandemic.

by | April 02, 2020 | 10:26

In Canada, factory activity was the slowest since October 2010. The data published from the United States on Wednesday showed that the economic activity in the manufacturing sector contracted at a softer pace than expected with the ISM Manufacturing PMI coming in at 49.1 to beat analysts' estimate of 45.

by | April 02, 2020 | 08:13

In a separate piece, Reuters also said that the US Energy Department, on Wednesday, urged Saudi Arabia and Russian Federation to calm oil markets after the kingdom's crude supply rose to a record of more than 12 million barrels per day. Energy Minister Alexander Novak said last month that the country can raise production by 200,000 to 300,000 barrels a day in the short term, and by as much as 500,000 barrels a day in the near future.

by | April 02, 2020 | 06:41

Carnival Cruise Line announced it would extend the suspension of all North American operations through May 11. Guests will receive 100 percent future cruise credit and either $600 or $300 depending on the length of the voyage (six or more days and five and fewer, respectively) or a 100 percent refund.

by | April 02, 2020 | 05:27

It said identification and passport numbers, account passwords and credit card information were probably not affected, but an investigation is ongoing . The FBI led the investigation of that data theft, and investigators suspected the hackers were working on behalf of the Chinese Ministry of State Security, the rough equivalent of the Central Intelligence Agency.

by | April 01, 2020 | 12:55

The former President wasn't alone in his criticism of the change on Tuesday. Lower costs, thousands of lives saved, and minimal impact to fuel consumption and the environment . The Trump administration estimates lowering the fuel economy standard will save most consumers about $1,000 on their next auto purchase, thereby allowing a greater number of Americans to buy newer, safer and ultimately cleaner cars.

by | April 01, 2020 | 12:26

Investment bank ANZ has also raised the prospect of a recession in China, forecasting second-quarter GDP to contract by between 0.4 percent and 2.1 percent year-on-year, depending on the evolution of the pandemic. China should not set an economic growth target this year given the high level of uncertainty from the coronavirus pandemic and avoid having to resort to "flood-like stimulus" to meet the goal, a central bank adviser said.

by | April 01, 2020 | 03:50

U.S. crude benchmark West Texas Intermediate (WTI) hit a low of $19 per barrel overnight, before picking up slightly to over $20 per barrel as of 11:50 GMT. In a letter to Secretary of State Mike Pompeo, they said: "We choose that term carefully and understand the full weight of its meaning". Oil prices have fallen by more than half during the past month as companies cut back or close production.

by | April 01, 2020 | 03:41

The attorney and the law firm said the available evidence demonstrated that AnyVision's technology has not previously and does not now power a mass surveillance program in the West Bank that has been alleged. Technology leaders, such as Google CEO Sundar Pichai, who helped oversee the formation of the company's AI ethics principles in 2018 , have said a temporary ban on the technology might be warranted in response to continued efforts.

by | March 31, 2020 | 23:41

However, all three major stock indexes fell more than 3% on Friday after the United States overtook China as the country with the most number of coronavirus cases. But, "for what it's worth, April has a better track record on average (+1.7% the last two decades, with a 75% win rate)". The S&P 500 had its worst day since Black Monday 1987 on March 12 with a 9.5% loss, for example, only to outdo itself with a 12% drop two days later.

by | March 31, 2020 | 23:09

Gasoline prices at some Cleveland gas stations have dipped below one dollar per gallon over the past 24 hours, reaching as low as 67.9 cents Monday night at one station on Cleveland's West Side. Individual gas stations can go even cheaper - multiple stations across the USA have sold a gallon of gas for less than $1, at least temporarily, according to GasBuddy.

by | March 31, 2020 | 20:07

As secretive as Apple is about new products , it's no surprise that we've seen an avalanche of reports in recent days on whether or not the flagship iPhone 2020 will be delayed. How Bloomberg "The American company and its partners spend months or even years searching for components worldwide, and any disruption to that complex network could delay future devices".

by | March 31, 2020 | 18:56

Under the scheme the self-employed will receive a taxable grant of up to 80 per cent of their average monthly profits over the last three years up to £2,500 per month. He said: "The Chancellor is advising people to take out Universal Credit loans and grants, well as I say, it's very hard getting through the telephone system, let alone the internet with regards to that".

by | March 31, 2020 | 18:19

The world is now struggling to defeat the deadly Coronavirus , which has infected more than 735,000 people and killed over 33,000 people globally. Four months on, the pandemic seems to be far from over even as Beijing celebrates victory over coronavirus with no vaccination insight for the pathogen, which many people worldwide call Wuhan virus or Chinese virus.

by | March 31, 2020 | 06:57

This year's NAIAS was going to be Detroit's first auto show hosted in the summer following years of the global event taking place in January. The venue, TCF Center, will be repurposed as a field hospital for COVID-19 cases, the organizers said .

by | March 31, 2020 | 05:55

Calgary-based WestJet announced last week that 6,900 employees would be laid off. "We believe that the temporary nature of these reductions, many achieved through voluntary programs, combined with other mitigation measures, will position us to restore regular operations as soon as the situation improves".

by | March 31, 2020 | 01:39

Gap said the furloughs will affect its store employees in the United States and Canada. "While the digital business remains open, we have lost the majority of our sales due to the store closures", Macy's said in a statement. Kohl's said furloughed employees would continue to get health benefits. The department store operator, which employs roughly 130,000 people, told staff it would continue to pay health benefits and cover 100% of premiums at least through May .

by | March 30, 2020 | 23:39

Department of Health and Human Services, and Johnson & Johnson together have committed more than $1 billion of investment to co-fund vaccine research, development, and clinical testing. The company said that they will try to sell the vaccine on a not-for-profit basis, making it affordable for the average consumer. USA health officials, including the nation's top infectious disease expert Anthony Fauci, have repeatedly stated it will take at least a year to know if any vaccine is safe and ...

by | March 30, 2020 | 22:43

Canada's top doctor says this coming week will be a crucial time during which public health officials will start to see if the aggressive physical distancing measures taken to prevent the spread of the coronavirus are working. The government already announced $157.5 million for homeless shelters and up to $50 million for women's shelters as part of their massive federal aid package made public March 18, mainly to help the organizations buy protective gear for workers and find ways to keep ...

by | March 30, 2020 | 22:08

As workers struggle to meet soaring online shopping and delivery demands in the wake of the virus' spread , employees at Amazon's Staten Island facility claim that management failed to communicate effectively after one of their colleagues recently tested positive for the virus , and is continuing to take inadequate precautions to ensure the remaining workers' safety.