Finance

by | May 07, 2020 | 00:59

In addition, despite the pick up in the announcement, the impact of the epidemic on certain sectors could be long-term, " says the Commission, quoting the catering sector, hotels, leisure activities, transport or tourism. Dombrovskis cautioned: "At this stage, we can only tentatively map out the scale and gravity of the coronavirus shock to our economies". The report foresees a very mild improvement for 2021 with 7.9 percent EU-wide unemployment rate, maintaining almost 17 percent ratio in ...

by | May 06, 2020 | 12:57

Whereas the road cess on diesel has been increased by Rs 8 and excise duty by Rs 5, taking the total hike to Rs 13. Retail prices of petrol and diesel have, however, not been impacted by the rise in excise duty and cess as oil companies will adjust them against the recent fall in global crude oil prices.

by | May 06, 2020 | 11:45

Five beaches in Orange County - Huntington Beach , Dana Point , Seal Beach, Laguna Beach and San Clemente - will be allowed to reopen with limitations, Gov. "This is a positive development because we're no longer being told that all counties are going to be treated the same", said Kern County Supervisor Zack Scrivner.

by | May 06, 2020 | 11:40

President Trump said Tuesday he blocked the top scientist on his coronavirus task force , Anthony Fauci , from testifying before the House this week because the majority-Democrat chamber is a bunch of haters. "It took us awhile to build that capacity and we'll make sure that, you know, we're watching that at a federal level", she said. Acknowledging a human cost to the plans, Trump told reporters: "I'm not saying anything is flawless, and yes, will some people be affected? Yes".

by | May 06, 2020 | 10:07

A US judge is expected to rule soon on whether payday lenders can tap Paycheck Protection Program loans disbursed by the Small Business Administration under the $2.2 trillion pandemic rescue bill. SBA officials emphasize the program is now reaching the "smallest of the small businesses". The SBA said in an April 27 filing responding to the lawsuit that the Coronavirus Aid, Relief and Economic Security Act directs the agency to distribute PPP money based on its existing internal rules, ...

by | May 06, 2020 | 07:26

Had the rate of Value-Added Tax been left unchanged, the reduction in the selling price of fuel in the coming days would have led to a sharp decrease in the revenue to the state government. With this, the total incidence of excise duty on petrol has risen to ₹32.98 per litre and that on diesel to ₹31.83. "With states raising Value-Added Tax on petrol and fiscal, the Centre would find it hard to shore up its revenue by increasing excise duty on the two products for which it has already taken ...

by | May 06, 2020 | 07:13

The spokesperson said Uber would "remain committed to growing and investing in Uber's mobility platform in the Middle East". Sheikha, who founded the company in 2012, said the business was down over 80% and that it was "alarmingly unknown" when it would recover.

by | May 06, 2020 | 06:18

Other than eight vessels homeported in Florida, which will resume service August 1, the company has suspended service on all routes departing from North American and Australian ports through August 31. The cruise industry has been hit particularly hard by the pandemic as there were several high profile ships with multiple people testing positive for the coronavirus .

by | May 06, 2020 | 03:58

Recently, accounts from a former Vancouver Amazon vice president alleged the large corporation was firing people who were anxious about COVID-19 and expressed concerns. "Our employees are doing incredible work for their communities every day, and we have invested heavily in their health and safety through increased safety measures and the procurement of millions of safety supplies and have invested almost $700 million in increased pay", Amazon spokesperson Lisa Levandowski said last week .

by | May 06, 2020 | 01:54

Offices, restaurants with seated dining and shopping malls will continue to remain closed. The third stage will be a gradual reopening of some higher risk environments with adaptations and limits on size of gatherings. All reopenings in the state will be subject to active monitoring and surveillance, though Newsom noted that some counties will be allowed to move further into the reopening process if certified by health officials and county supervisors.

by | May 06, 2020 | 00:41

Vice-president and top engineer at Amazon Web Services Tim Bray has resigned in protest over the firings of workers, mainly from minorities, who complained over conditions at the company's warehouses during the Covid-19 pandemic. However, he then made a decision to step down from his position. He says remaining an Amazon vice president "would have meant, in effect, signing off on actions I despised".

by | May 05, 2020 | 20:57

Shares of Reliance Industries fell over 2 per cent after the oil-to-telecom conglomerate on Thursday posted its biggest ever drop in quarterly net profit. Hong Kong shares ended 1.08 per cent higher. Back home, sentiments also remained downbeat after the country's manufacturing activity growth declined sharply in the month of April 2020, amid national lockdown restrictions to help stem the spread of coronavirus infections, he added.

by | May 05, 2020 | 20:26

The company said this re-start is a part of their first phase in a resumption in the North American service this summer. In a statement on Monday, the operator said eight cruise ships would resume operations from 1 August, sailing from Galveston , Texas, and Miami and Port Canaveral in Florida , once a no-sail order from the Centers for Disease Control and Prevention (CDC) had expired.

by | May 05, 2020 | 17:24

Under the programme, dubbed quantitative easing, or QE, the central bank buys bonds of euro zone governments. The euro fell after the decision by a half-cent to $1.0850. Such stimulus programs have become common among central banks and the U.S. Federal Reserve, the Bank of England and Bank of Japan have all resorted to similar purchases.

by | May 05, 2020 | 11:38

But it is important to flag it because it is part of the road back. She said the trans-Tasman travel zone was on the table but could not comment further as the national cabinet meeting was still underway at the time, and a statement would be released at its conclusion.

by | May 05, 2020 | 11:26

The Trump administration's apparent lack of interest in cooperation has alarmed global health officials and diplomats as they seek to end a pandemic that has disabled economies and killed more than 240,000 people worldwide. Some people are anxious about getting sick; others are reeling from lost jobs and livelihoods. The town hall , which included an appearance by Vice-President Mike Pence, included a rare mea culpa: The vice-president said he should have worn a face mask during a visit ...

by | May 05, 2020 | 10:42

That means all North American cruises from June 27 to July 31 will be canceled. Eight Carnival cruise ships will resume sailings on August 1, 2020, with three cruise ships out pf Galveston , three cruise ships out of Miami , and two cruise ships out of Port Canaveral .

by | May 05, 2020 | 10:27

The Fox moderators acknowledged the controversial nature of holding the event inside the memorial early on during the town hall and asked him about his decision. He said he did not believe he posed a risk to others. "He said I'm going to the hospital, I'll call you tomorrow". Trump had sparred frequently with journalists during the daily coronavirus task-force briefings in the weeks after the coronavirus started to spread, turning much of the question-and-answer sessions into reflections ...

by | May 05, 2020 | 08:02

Clothing store sales plummeted 50.5 per cent in March, according to the latest Commerce Department report, and it has grown worse since. The New York-based brand's parent company made the Chapter 11 bankruptcy filing in a Virginian federal court to buy itself breathing space as it plans to hand control over to its lenders, in exchange for the cancellation of $1.65bn (£1.3bn) of its debts.

by | May 05, 2020 | 05:14

The company has not yet commented on Bray's resignation. Amazon has been fighting the spread of coronavirus cases in its logistics network and a public-relations battle against critics who say the company hasn't done enough to make warehouses safe.

by | May 05, 2020 | 02:22

New reports suggest that Tesla is making preparations for a move into the United Kingdom energy business. Sooner or later Tesla will be providing energy solutions on a large scale to organizations. Tesla Big Battery in Australia is known by this name because Tesla Powerpacks are used. While the revenue that Tesla generates from its electric cars is still way more, Tesla's energy division seems to be catching up, albeit a bit slow.

by | May 04, 2020 | 23:10

China's public announcement on January 20 that the virus was transmissible from person to person left the USA almost two months to prepare for the pandemic , during which the US government failed to bolster medical supplies and deployed flawed testing kits.

by | May 04, 2020 | 21:28

The state will also distribute $US25 million to food banks across the state, with $US11 million going to New York City, he said. An Irish-American New York cop stopped a homeless man from jumping in front of a subway train and committing suicide in an act of quick thinking last week.

by | May 04, 2020 | 19:11

Reliance's hydrocarbon business was adversely impacted due to a reduction in demand for refined products and petrochemicals. The company, India's largest by market value, posted consolidated profit of 63.48 billion rupees ($845 million) in the three months ended March 31.

by | May 04, 2020 | 16:30

The latest index level was the lowest since IHS Markit launched its survey in June 1997, plummeting far below the 50 mark that separates growth from contraction. There was a hint of positivity when looking at firms' 12-month outlooks, with sentiment towards future activity rebounding from March's record low, he said.